Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 193. (Read 565837 times)

Reading the other news posts, they are able to build 50 units a  day ATM, the backlog will be cleared in 2-3weeks.
With them revising the boards, we should get faster more efficient hardware down the line.

I for one am not selling my shares. It might be taking longer than expected to get up to speed, but when we do I have no doubt we will be going for land speed records.

Hmmm.  Doesn't exactly give one the warm fuzzies does it?  Looking forward (as always) to next update from cryptx as well.

Something odd at bitmine.
http://bitmine.ch/?p=5402

Please don't take this as fud.
Whatever is going on explains the lack of speedy hardware deliveries to Peta.
Unless cryptx can tell us that its not related.

just to share my thoughts regarding your concerns about the share price, looking at the rate of implementing new hardware, the price is still looking good, I don't know if this will comfort you but at least this is what I think

You raise a couple of good points.  The fact that there are multiple teams working on the custom boards is somewhat reassuring but I suppose time will tell.  Think I'm going to start saving up an extra miner or two as well

True, but remember we aren't that far out from their designed hardware. That they can control, as long as they are on time with design/deployment.
Personally I am not too concerned. I may take the opportunity to purchase more shares, but I just emptied my wallet on some more USB miners, building a small ppc farm.

Rate at which hardware is coming in at this point completely insufficient.  I know cryptx and crew are doing their best to keep people informed regarding their day to day contact with manufacturers but unless something changes pretty significantly in the shipping schedule of these remaining units the remaining per/share values will only continue to drop.

Explain?

I have a bad feeling.

Apologies you're right, I was assuming they had taken ownership of remaining IPO shares but seems divs are only distributed to publicly owned shares on the market

Cryptx do not own shares in Peta.

However the rest of what you say is true. The bigger and better Petamine becomes the more they will earn in hosting fees and whatever else. I hope they do well out of this project as they put a lot of work in and ultimately our successes are linked.

I know it looked like it, but my comment was not aimed at you. I was expanding on what you said.
The way it was quoted was a bit off.

And, you made my point again. If cryptx is selling GHS to petamine its in their interest to keep the price low so that the mine stays profitable and can continue to buy hardware, IE your positive feedback loop.

I can't make heads or tails of some the people in this thread. On 1 hand they are basically saying thats its wrong for cryptx to profit off peta, and then they are saying that its not a charity.
I can provide a better argument when someone knows what their side is.

nobody is saying it's wrong. just saying; cryptx owns shares in peta (meaning they earn dividends in correlation to peta success and have interest to drive the price up if they would like to sell), as well as being able to charge hosting/management fees, meaning they are continously compensated for the mines operation, as well as being able to profit off making own hardware and sell to peta operation, and as well as being able to profit of being shareholder in an asic manafacturer (for instance they own shares in cointerra) so they also profit from simply ordering hardware, let alone building it, have a feeback loop. what's wrong about that? I'm glad to see a transparent path for cryptx to profit along with shareholder because if it wasn't there the incentive to maintain a successful operation for the public is a lot lower

Again, this is where the lack of knowledge comes in. For someone who knows how businesses operate you can answer your own questions with ease and likely be close to the truth.

Businesses setup parent/subsidiary relationships all the time, and they sell or rent equipment or services to/from each other.
In cryptx/petamines case, its feasible for cryptx to sell the hardware to petamine at a small markup. As I have posted before, cryptx has incentive to not overcharge petamine per ghs because they will limit the amount of growth and therefore profit that can happen.

Is there something inherently evil or wrong with cryptx making a profit off of petamine?
If cryptx is able to manufacture mining hardware for say 3$/ghs and sells it to petamine for 4$/ghs is that wrong? Am I missing something where its wrong for companies to make money?
As long as they keep the $/GHS low enough that the mine stays profitable and preferably growing, what is the problem here?

all of the above already applies, yet it's still entirely possible for all shareholders turn a profit and means they have direct incentive to care for progression of PETA project rather than a private competing mine

What?!?!?! You think Cryptx is just a charity to help aspiring bit investors? You are naive.

I agree, but with the 2 here that I have let myself get drawn into "battles" with, neither seems to acknowledge the responses by those offering the other side of the argument.
I know how FUD and pump and dump crap works. There are only a few threads I monitor here, and likely as soon as petamine is @ or past the 700th mark and the dividends are drowning me, I will likely fall away from this thread.


I put darkstone on ignore because I am wasting time reading and responding to his posts, and that might be his goal, somehow he gets off on time we waste scrolling past his huge copy/pasta just to post 2 or 3 lines of BS.
As I have posted before as well, those that I would deem troll clearly have no clue how businesses work. If they did, they wouldn't be asking the questions they are, or at the very least they would be wording them differently.
IE, Cryptx: Can you clarify where the funds came from for the jump to 700th and the development of PCBs.

To me that information is not make or break for me, in fact I don't really care.
The fact that we can see their hashing on eligius and they gave us the reinvestment address is enough for me.
I don't personally care what funds were moved where and when to pay who for the design of pcbs or whether cryptx is "selling" electricity and hardware to petamine at some unknown profit margin.

My bet is that cryptx is using the purchasing power of the petamine to acquire hardware for their own mining, they could be building a private mine = or > the petamine and as long as I am getting paid what they say they will pay in dividends I don't care one way or the other.

I would advise against ignoring those with differing opinions than yours. Especially on bitcoin security threads.

If I've learned anything from the Labcoin fiasco (where I lost 200+ btc), it's that I can't let cognitive dissidence cloud the perception of the validity my investments.  There were an increasing number of what turned out to be valuable dissenting opinions that I simply ignored (and encouraged others to ignore).  This more than any other is what I regret most about my time on this forum. Not because of the lost btc, but the fact that my vocal ignorance most assuredly caused others to lose money as well.

Though sometimes tiring and repetitive, dissenting opinion is valuable and should be considered.

That being said, you need to understand that there are competitor trolls on these forums that spread FUD on every thread but their own.  They generally dedicate an entire account to each thread so that they can keep their arguments straight.  You can easily spot them by looking at their post history... if this is the only thread they have ever posted in then you can be pretty sure it's simply a competitor.

At this point I haven't made my mind up on Darkstone2.  He seems singularly committed to espousing the negative aspects of PETA while being completely immune to the possibility of success.  At this point I'm just trying to ascertain his motivation.

They also deleted my dueling post.
I know it was technically off topic, but I thought it was pretty witty and sarcastic.
I put darkstone? on my ignore list and will likely add the others as well. I suggest you do the same.

They deleted my post calling you an asshole. so seriously shut the fuck up. Or come with somthing substantial.. oh wait thats never going to happen