Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 198. (Read 565837 times)

give him a break. aslong as he stays in regular contact with us regarding whats going on i think he's doing a great job. remember the delays are industry wide and do not just affect us.

edit: whoever just brought the shares from the bot. i love you.

edit2:i think we might actually have added some new units, but i think the pool isn't updating properly, got a good feeling about the rest of the week. Edit3: this has been confirmed, the pool is not reflecting the new units yet.

78TH? I see no changes.. Same old hardware, same old hashrate, nowhere near the 288TH we were going to start with a couple of weeks back. Very very far away from the new "initial" 700TH

don't think so. default is still hashing at the same rate and there are no new units on the workers list.

share price is at an all-time low though since the IPO.

CryptX, any sort of brief update would be amazing. and would make me very very happy. good news or bad(any news is better than no news )

Judging by the hash rate, it looks like they've installed new hardware.

CryptX do you mind giving us an update on the delivery schedule for the next week or two?

This would really help calm allot of our nerves

keep up the great work dude, an update every few days, good news or bad, goes along way to keeping all of us sane

Thanks,

Like a French lunch or a New York minute!

Kinda slow, trust me

maybe tomorrow? not sure how it works with the customs (VAT) in Belgium.

still no new hardware... should be arriving today no?

I was talking about the other 20 but i went back and reread it, it says 20 more are shipping today not receiving.

They brought some online yesterday.
There was apparently a glitch/slowdown in bitmines production. Hopefully the hardware starts flowing again soon.

how come nothing new online?

Really want to know if PETA-MINE's project is going to success or not. Let's do some assumption and calculation for future condition.

First of all, the goal of PETA-MINE is to build a 2% of total network hash-rate hosting center.
And the total deployment of PETA-MINE should be done by the end of May, which was announced by CryptX.
And we all know that's no way that the total network hash-rate will be 35 PH/s by the end of May.

So my first assumption is that PETA-MINE will actually deploy 700 TH/s by the end of May. And in the mean time the total network hash-rate is 70 PH/s. Which means PETA-MINE will hold 1% of total network hash-rate.

And we also know there is 35% reinvestment.

To do this quickly, the 14 days revenue of PETA-MINE should be 3600(btc)*1%*14(days)*0.85= 428.4 (btc)
0.85 is about the hosting fee, which is (1-15%)
So the reinvestment should be 428.4*35%= 149.94 (btc)

That is to say, if PETA-MINE holds 1% of total network hash-rate, the 14 days reinvestment should be roughly 150 btc.

Then we go to the second part of the assumption.
I assume that the difficulty increment is 10% by the end of May. You can replace it by any number you want, it's just a fast way to calculate for me, and it seems not a ridiculous number for now the difficulty increment is slowing down.

And that means if PETA-MINE can use 150 btc reinvestment to deploy 70 TH/s hash-rate or more, PETA-MINE will be success. Otherwise, PETA-MINE is not going to keep up with the BTC network increment.

So the most important factor which is still not determined is that at what price PETA-MINE will buy in their reinvestment hash-rate.

150 (btc) / 70,000 (GHs) = 0.00214 (GHs/btc) , Now the AntMiner is about 0.00617 (GHs/btc)

The Key is whether PETA-MINE be able to produce their own rigs under 0.00214 GHs/btc with Coincraft A1 chips, I really don't know. Personally I would like CryptX make a brief statement about the information they've got so far.
Basically there's no way to foretell btc price, we can only assume it. Somehow the error by doing this, you know, is just large enough to put this calculation sheet into trash can.

I personally would like to invest more in this project. But there are too many undetermined factors over there. It would be great if PETA-MINE hits and maintains 2% of total internet hash-rate. But so far it most likely to hit 1% of total network hash-rate, which is great, too. And it would be great if CryptX give us some information about the reinvestment progress and cost per GH/s.

Well that's sort of ironic.  We are going to use a crypto-asset used to feed caged birds!!  Yet, we are trying to free ourselves from our little virtual bird-cages...gotta love the times we are living in.

Petamine is a well known food supplement for birds (especially caged) - on the market for at least 15 years.

Maybe on all 'official' gadgets we should use this spelling: PETA-MINE. 

Ha Ha. I believe it is the zombie mine from Plants Vs Zombies.  

If they accidentally put a "K" in place of the "P" then it would be Ketamine and you would need to use a zombie character. LOL

Huh.
https://www.google.com/search?q=petamine&espv=210&es_sm=93&tbm=isch&tbo=u&source=univ&sa=X&ei=AVAaU8r3EOrM0wGDuoHYCQ&ved=0CDEQsAQ&biw=1390&bih=871

Dear god, what is this?!

http://www.fiverr.com/innovative_d/design-a-creative-and-professional-logo-with-unlimited-revisions

I just don't have any idea's for a logo.  Should probably run anything you come up with by Cryptx first though.