Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 2. (Read 565829 times)
December 31, 2014, 07:18:27 PM
Maybe they don´t realize that it pays .00001231 per week.
December 31, 2014, 11:23:41 AM
who fat fingered or did I miss something?
December 26, 2014, 12:32:17 AM
Its weird that they moved from ghash to Slush, ghash has no fees and they got merged minting Now peta pays fees and no merged coins... And when everyone voted it was ~90% for p2pool and it was clear to move to it but no... it was a scam to get price moving and get alot p2pool users to get in.
Was there a voting for Slush?
Be carefull when investing on cloud services like peta or amhash.
"June 28th, 2014 - Dear unit holders.
These are the results of the survey. 68% of all unit holders have cast their vote:
- Yes, PetaMine should switch over to P2Pool – 96%
- No, PetaMine should stay with ghash.io – 3%
- No, Petamine should switch to another pool like Eligius or BTCGuild – 1%
The result is clear that a big majority of unit holders prefer a switch to p2pool. As we were performing additional tests the past week, we have to inform you that unfortunately the Bitfury systems are not compatible with p2pool. We are currently working on a solution for this and we will switch to p2pool as soon as we are able to fix this problem.
Team CryptX"
Was there a voting for Slush?
Be carefull when investing on cloud services like peta or amhash.
"June 28th, 2014 - Dear unit holders.
These are the results of the survey. 68% of all unit holders have cast their vote:
- Yes, PetaMine should switch over to P2Pool – 96%
- No, PetaMine should stay with ghash.io – 3%
- No, Petamine should switch to another pool like Eligius or BTCGuild – 1%
The result is clear that a big majority of unit holders prefer a switch to p2pool. As we were performing additional tests the past week, we have to inform you that unfortunately the Bitfury systems are not compatible with p2pool. We are currently working on a solution for this and we will switch to p2pool as soon as we are able to fix this problem.
Team CryptX"
December 22, 2014, 12:13:32 PM
If somebody foolishly thinks there will be some dividend this week he better forget it now, too little coins mined at too low exchange rate. In fact shareholders currently owe PETA about 14BTC (barely 10BTC/day mined per day, 12BTC/day needed to cover maintenance costs at USD320/BTC).
Isn't it time to sell hardware finally?
Isn't it time to sell hardware finally?
Wow, ฿0.00000437 dividend? What is my lame analysis against Cryptx generosity? So basically he is investing 5BTC weekly from his pocket in order to keep this vehicle going on. I am giving up for now, I didn't know this is charity event
437 satoshi for the past week.. 62 satoshi per day.
1GH = 1275 satoshi per day.
$0.105/GH/month = ~1057 satoshi per day @331 (1167 @300)
Difference should yield 100-200+ satoshi's per day. Anyone keeping track of slush' pool luck?
December 22, 2014, 12:06:45 PM
If somebody foolishly thinks there will be some dividend this week he better forget it now, too little coins mined at too low exchange rate. In fact shareholders currently owe PETA about 14BTC (barely 10BTC/day mined per day, 12BTC/day needed to cover maintenance costs at USD320/BTC).
Isn't it time to sell hardware finally?
Isn't it time to sell hardware finally?
Wow, ฿0.00000437 dividend? What is my lame analysis against Cryptx generosity? So basically he is investing 5BTC weekly from his pocket in order to keep this vehicle going on. I am giving up for now, I didn't know this is charity event
December 22, 2014, 05:54:13 AM
If somebody foolishly thinks there will be some dividend this week he better forget it now, too little coins mined at too low exchange rate. In fact shareholders currently owe PETA about 14BTC (barely 10BTC/day mined per day, 12BTC/day needed to cover maintenance costs at USD320/BTC).
Isn't it time to sell hardware finally?
Isn't it time to sell hardware finally?
I have not been checking on PETA in a long time
But decreasing difficulty and price
So by that logic now is as good a time as any to buy newer efficient hardware and sell the old batch while saving operation costs and units
December 22, 2014, 05:24:51 AM
If somebody foolishly thinks there will be some dividend this week he better forget it now, too little coins mined at too low exchange rate. In fact shareholders currently owe PETA about 14BTC (barely 10BTC/day mined per day, 12BTC/day needed to cover maintenance costs at USD320/BTC).
Isn't it time to sell hardware finally?
Isn't it time to sell hardware finally?
December 19, 2014, 04:19:46 PM
how do you think is it still worth to invest in here a little or is it way too late ? 
Avoid this asset at all costs. Far better out there with far less unscrupulous behavior. I agree I was with Petamine a month or so ago for a short period and made a small profit but the payouts are so unpredictable its hard to calculate a good buy and sell point. There are so much better options out there even on havelock AMHASH is a much better play.
does petamine pay out weekly?
No they pay out daily, its just at the point where costs are exceeding daily earnings and you are not seeing a payment made every day for that reason.
December 19, 2014, 03:25:05 PM
how do you think is it still worth to invest in here a little or is it way too late ?
Avoid this asset at all costs. Far better out there with far less unscrupulous behavior. I agree I was with Petamine a month or so ago for a short period and made a small profit but the payouts are so unpredictable its hard to calculate a good buy and sell point. There are so much better options out there even on havelock AMHASH is a much better play.
does petamine pay out weekly?
No they pay out daily, its just at the point where costs are exceeding daily earnings and you are not seeing a payment made every day for that reason.
December 19, 2014, 03:21:24 PM
how do you think is it still worth to invest in here a little or is it way too late ?
Avoid this asset at all costs. Far better out there with far less unscrupulous behavior. I agree I was with Petamine a month or so ago for a short period and made a small profit but the payouts are so unpredictable its hard to calculate a good buy and sell point. There are so much better options out there even on havelock AMHASH is a much better play.
does petamine pay out weekly?
December 16, 2014, 10:40:24 PM
how do you think is it still worth to invest in here a little or is it way too late ?
Avoid this asset at all costs. Far better out there with far less unscrupulous behavior. I agree I was with Petamine a month or so ago for a short period and made a small profit but the payouts are so unpredictable its hard to calculate a good buy and sell point. There are so much better options out there even on havelock AMHASH is a much better play.
December 16, 2014, 03:07:01 PM
how do you think is it still worth to invest in here a little or is it way too late ?
Avoid this asset at all costs. Far better out there with far less unscrupulous behavior. December 15, 2014, 05:38:16 PM
Too late? Be happy you're late.
RIght now, expected divs are as close to zero as to be zero for practical purposes.
Some might want to gamble on BTC appreciating (lowering fees) and difficulty remaining flatish for at least some time. IN that case you could make a profit, price per GH is low, but understand that if btc stays where it is, and/or next gen asics come online next month, net value of these shares will be ~0.
So if you want to gamble on a BTC appreciating, Id say: buy some BTC.
RIght now, expected divs are as close to zero as to be zero for practical purposes.
Some might want to gamble on BTC appreciating (lowering fees) and difficulty remaining flatish for at least some time. IN that case you could make a profit, price per GH is low, but understand that if btc stays where it is, and/or next gen asics come online next month, net value of these shares will be ~0.
So if you want to gamble on a BTC appreciating, Id say: buy some BTC.
December 15, 2014, 05:31:04 PM
how do you think is it still worth to invest in here a little or is it way too late ?
December 14, 2014, 04:52:32 AM
keep calm & collect dividends!
Hows that been working out for ya lately?
December 14, 2014, 01:06:34 AM
And last comment for a while:
Considering 2% pool fee at slush's pool, looking into Peta dividends received and the pool stats
https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6
https://beta.mining.bitcoin.cz/stats/blocks/?page=1
it's visible PETA has only 9-9.5% of pool hashrate share (income from block at about 2.3-2.4BTC instead of ca 2.6-2.7)which is currently at 10.5PH. Seems that PETA is in reality mining at about 100THs lower level than it should. That would point to user user_960703 in pool stats - mining at about 1.03 PHs. That would explain current dividend 'problems'.
Considering 2% pool fee at slush's pool, looking into Peta dividends received and the pool stats
https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6
https://beta.mining.bitcoin.cz/stats/blocks/?page=1
it's visible PETA has only 9-9.5% of pool hashrate share (income from block at about 2.3-2.4BTC instead of ca 2.6-2.7)which is currently at 10.5PH. Seems that PETA is in reality mining at about 100THs lower level than it should. That would point to user user_960703 in pool stats - mining at about 1.03 PHs. That would explain current dividend 'problems'.
I am unfamiliar with p2pool, but is it possible to see individual statistics unlike on Cex? that would also explain why they didn't switch, as it would have been apparent that each share was not 1 gh/s after all.
December 14, 2014, 12:45:01 AM
And last comment for a while:
Considering 2% pool fee at slush's pool, looking into Peta dividends received and the pool stats
https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6
https://beta.mining.bitcoin.cz/stats/blocks/?page=1
it's visible PETA has only 9-9.5% of pool hashrate share (income from block at about 2.3-2.4BTC instead of ca 2.6-2.7)which is currently at 10.5PH. Seems that PETA is in reality mining at about 100THs lower level than it should. That would point to user user_960703 in pool stats - mining at about 1.03 PHs. That would explain current dividend 'problems'.
Considering 2% pool fee at slush's pool, looking into Peta dividends received and the pool stats
https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6
https://beta.mining.bitcoin.cz/stats/blocks/?page=1
it's visible PETA has only 9-9.5% of pool hashrate share (income from block at about 2.3-2.4BTC instead of ca 2.6-2.7)which is currently at 10.5PH. Seems that PETA is in reality mining at about 100THs lower level than it should. That would point to user user_960703 in pool stats - mining at about 1.03 PHs. That would explain current dividend 'problems'.
December 13, 2014, 11:18:44 AM
Actually moving to slush will worsen the variance results. For example yesterday the pool found only 1 block, which means 2.4 BTC for Peta. Just daily maintenance fees are at about 9 BTC. Even weekly period for dividend payout is not enough to get smooth results. Last 4 days earnings are at BTC 33.4, so no dividend to be expected for another few days...
The main problem of Peta are high fees, so it is difficult to catch for those satoshis remaining for dividend payout...
The main problem of Peta are high fees, so it is difficult to catch for those satoshis remaining for dividend payout...
December 12, 2014, 09:34:29 AM
So either ghash is having terrible luck, not paying out correctly or cryptx is not pointing all its hashrate at the pool.
So I checked its stats, and WTF ?
http://www.petamine.co/stats/
I guess they are moving to another pool and didnt feel the need to tell anyone?
Either way, until yesterday the chart does still show the full ~1150TH at ghash, so for now Im gonna blame either ghash or bad luck at ghash and assume thats why cryptx is moving to another pool. But it would be wise to follow this up and ask him to comment.
Ooops, so my idea of analyzing ghash.io blocks will be useless if he left the pool...
)CryptX announcement from today on havelockinvestments:
December 11th, 2014 - Dear unit holders,
We switched pools from ghash.io to Slush pool as we have slightly improved performance there and the pool also has a better historical variance compared to ghash.io (although this is no guarantee for future variance). The switch hasn't caused any mining downtime and we have already received the first payouts. Payouts occur after 100 confirmations of finding a block. We are still working on the stats page as we need to alter our code to match the API of Slush pool.
Team CryptX
Slightly improved performance? Each share represents 1 GH/s, and they should be at 1150 GH/s no matter the pool, any improved performance of units are going straight into their pockets, or is the contract changing and they are paying more out to people than 1 GH/s?
although it still doesnt add on on cryptxs side
No it isn't a fixed 1 GH/s, but if they were mining with 1150 GH/s like they are supposed to be on Cex.io and so is AmHash, then the payouts should be rather similar, minus the maintenance fees difference. 1 GH/s on the pool will mine what 1 GH/s mines each day at the same pool, doesn't matter which company that 1 GH/s is for. So, they should be mining with 1150 GH/s, it shouldn't matter about any "improved efficiency" as you should still be seeing 1 GH/s worth of mining each day.
I guess they need to better explain what they mean by, "improved efficiency". Because it certainly shouldn't/couldn't mean that the rigs are running faster, as the only reason for the switch then would be to line their pockets even more.
December 12, 2014, 03:06:24 AM
Anyway this is good news from transparency point of view because slush's pool has much better public stats. For example it would be nice if cryptx could setup some identifiable username so we can follow the stats here:
https://beta.mining.bitcoin.cz/stats/hall-of-fame/
https://beta.mining.bitcoin.cz/stats/hall-of-fame/
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