[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 20.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: webbrowser on August 19, 2014, 04:42:28 AM

Quote from: JRBeagle on August 19, 2014, 03:25:35 AM

So are they really gonna just let it die?I would think they would be forced to do something soon or liquidate and pay out a one time big dividend

You seem to be under the impression that this is not going the way cryptx planned, and that the purpose of the project is not to extract the maximum amount of hosting fees.

This situation was already foreseen in the prospectus - see the section under dissolution.

However, it's pretty doubtful that there will be any value left in the assets at that point in time.

Yup. Although I'm thinking a more appropriate title for this section might've been "My Poverty solution"...at least as it applies to cryptx himself.

webbrowser

full member

Activity: 215

Merit: 100

Quote from: JRBeagle on August 19, 2014, 03:25:35 AM

So are they really gonna just let it die?I would think they would be forced to do something soon or liquidate and pay out a one time big dividend

You seem to be under the impression that this is not going the way cryptx planned, and that the purpose of the project is not to extract the maximum amount of hosting fees.

This situation was already foreseen in the prospectus - see the section under dissolution.

However, it's pretty doubtful that there will be any value left in the assets at that point in time.

dexu

full member

Activity: 155

Merit: 100

So pretty animation of the market. Please gimme link Wink

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: dexu on August 19, 2014, 03:26:18 AM

I wonder, to what price will fall...

dexu

full member

Activity: 155

Merit: 100

I wonder, to what price will fall...

JRBeagle

newbie

Activity: 13

Merit: 0

So are they really gonna just let it die?I would think they would be forced to do something soon or liquidate and pay out a one time big dividend

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: pedrog on August 19, 2014, 12:03:25 AM

Network hashrate is hitting 200,000,000 GH/s

As predicted, it once again nearly doubled in 2 months.

Time for some fun stats. At what point do peta divs hit zero (mining revenue per GH <= $0.15/GH hosting fee) ?

Code:

$/BTC	Zero div PH
200	146
250	182
300	219
350	255
400	292
450	328
500	365
550	401
600	438
650	474
700	511
750	547
800	583

At the current BTC exchange rate, somewhere around 340 PH or in ~6-8 weeks at current growth.
Or at the current network speed, when BTC would drop further to ~$300.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: webbrowser on August 18, 2014, 08:17:01 PM

Quote from: nwfella on August 18, 2014, 01:14:50 PM

Welcome to the CryptX asset purchaser club!

Not me. I sold out before the IPO and spent quite a bit of time in May preparing figures and spreadsheets to let people know what they were getting themselves into.

Unfortunately, everyone threw caution to the winds when cryptx announced that hewould purchase any unsold portion of the IPO batch one. And the worst part was that they didn't make cryptx put his own money into the sinking ship.

True enough. This whole fiasco basically put's cryptx and team for me right up there with BFL, Hashfast, and AT. Not quite as bad as NeoBee or Inputs.io obviously but bad nonetheless.

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: pedrog on August 19, 2014, 12:03:25 AM

Network hashrate is hitting 200,000,000 GH/s and today I've sold my remaining PETA shares, just made the math and dividends plus all the trades I have a profit of ~0.002 bitcoins, retirement here I go! Cheesy

Well done, you did better than most. Grin

pedrog

legendary

Activity: 2786

Merit: 1031

Network hashrate is hitting 200,000,000 GH/s and today I've sold my remaining PETA shares, just made the math and dividends plus all the trades I have a profit of ~0.002 bitcoins, retirement here I go! Cheesy

webbrowser

full member

Activity: 215

Merit: 100

Quote from: nwfella on August 18, 2014, 01:14:50 PM

Welcome to the CryptX asset purchaser club!

Not me. I sold out before the IPO and spent quite a bit of time in May preparing figures and spreadsheets to let people know what they were getting themselves into.

Unfortunately, everyone threw caution to the winds when cryptx announced that hewould purchase any unsold portion of the IPO batch one. And the worst part was that they didn't make cryptx put his own money into the sinking ship.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: webbrowser on August 18, 2014, 06:58:40 AM

Quote from: jebby_san on August 17, 2014, 09:50:26 PM

What is going on with this company? The shares are hemorrhaging value and the dividends are getting smaller and smaller. Have they published any statements? For that matter have they ever published anything confirming them to be an actual mine? I think I may have learned a costly lesson about scammers.

Unfortunately, this isn't really even a scam. If you'd just put in the right numbers, the IPO actually said in not so many words that this was going to happen.

Definitely not a scam. More of a long-con I would say. If your thinking the CryptX situation is going to get any better in it's current incarnation you have quite a bit more pain to go through I'm afraid :/

Welcome to the CryptX asset purchaser club!

webbrowser

full member

Activity: 215

Merit: 100

Quote from: jebby_san on August 17, 2014, 09:50:26 PM

What is going on with this company? The shares are hemorrhaging value and the dividends are getting smaller and smaller. Have they published any statements? For that matter have they ever published anything confirming them to be an actual mine? I think I may have learned a costly lesson about scammers.

Unfortunately, this isn't really even a scam. If you'd just put in the right numbers, the IPO actually said in not so many words that this was going to happen.

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: fractal02 on August 17, 2014, 11:19:50 AM

CryptX are burn in BTC world...remember who are they and don't ever let them do business in BTC world.

I thought that was obvious after the fiasco with selling bitfury's boards...

jjdub7

hero member

Activity: 938

Merit: 502

Quote from: dexu on August 18, 2014, 04:21:22 AM

Connection timed out ... shit .. can't sell ;P

nah, its one of those "down for maintenance" periods where they don't tell us anything beforehand, we all freak out, and then it ends up coming back online when everyone least expects it hours later

dexu

full member

Activity: 155

Merit: 100

Connection timed out ... shit .. can't sell ;P

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: jebby_san on August 17, 2014, 09:50:26 PM

What is going on with this company? The shares are hemorrhaging value and the dividends are getting smaller and smaller. Have they published any statements? For that matter have they ever published anything confirming them to be an actual mine? I think I may have learned a costly lesson about scammers.

What the fuck are you talking about?

Haven't looked at the difficulty lately?

jebby_san

newbie

Activity: 9

Merit: 0

What is going on with this company? The shares are hemorrhaging value and the dividends are getting smaller and smaller. Have they published any statements? For that matter have they ever published anything confirming them to be an actual mine? I think I may have learned a costly lesson about scammers.

stompysteve

hero member

Activity: 574

Merit: 500

If I knew btc was going to go back up to 600 tomorrow I would be back in starting to get risky holding

Ghash did have better luck today though

dyask

hero member

Activity: 854

Merit: 510

A few weeks ago I was slapped around for saying PETA was overvalued at .003 BTC. I guess people might understand what overvalued means now!

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 20. (Read 565829 times)