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Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 202. (Read 565837 times)

copper member
Activity: 224
Merit: 100
@ Cryptx


Any updates regarding new miners arriving this week.

What will you do with the merged mining income (NMC) from Eligius with address NCnxjbJedracS6uW57wnQ9w4cN6ireRNP7


+1

an update on the miners that were supposed to arive last week would be great aswell
full member
Activity: 156
Merit: 100
@ Cryptx


Any updates regarding new miners arriving this week.

What will you do with the merged mining income (NMC) from Eligius with address NCnxjbJedracS6uW57wnQ9w4cN6ireRNP7
legendary
Activity: 994
Merit: 1000
I know exactly what BDD is, thank you.

Why so hostile? Just because your opinion is different from mine doesn't mean you can behave like a dick.

I can see why others would be hostile towards you.

1) You claim to be a new user to the forum and that this is your first account.  By your posts / apparent motivations, that claim seems fairly unbelievable.  This makes you untrustworthy to those of us paying attention.

2) Some people aren't actively playing the market and have substantial sums of money tied up long in this security.  I'm not commenting on the efficacy of that strategy, rather just stating that the stakes are high.

3) When your post appears to be for the sole purpose of lowering the share price, those of us who care about the spot price get pissed. It's human nature.  Legitimate concerns are welcome, thinly veiled FUD is not.

4) Others before you (if not in fact you specifically) have repeatedly used the same tactics elsewhere, the game is old and played out in almost every security on bitcointalk.org.  See posts by Crumbs, iCEBreaker, Pankkake, Vycid etc.  I think people are just tired of the game.

Just my 2c.
full member
Activity: 154
Merit: 100

BDD is a derivative not a mining fund, for the love of god stop talking about something which you know nothing about

infact, fuck it, put all your money in BDD.MINE and see what happens. anyone who thinks BDD.Mine will return more than CryptX shouldn't be legally allowed to invest their own money

I know exactly what BDD is, thank you.

Why so hostile? Just because your opinion is different from mine doesn't mean you can behave like a dick.
newbie
Activity: 49
Merit: 0
Probably stats flutuation on eligius.
Stil the same amount of workers. currently 64TH

My mistake, i've never seen it fluctuate that high.. jumping to conclusions.
full member
Activity: 150
Merit: 100
Probably stats flutuation on eligius.
Stil the same amount of workers. currently 64TH
newbie
Activity: 49
Merit: 0
I think some miner's are coming online..  Shocked
EDIT: they are definitely coming online, were at 82
legendary
Activity: 994
Merit: 1000
mikemikemike,

If network hash power (difficulty) stayed the same, then in 3 months time we would have 12 X the yield at 700 TH/sec. Please keep in mind that network hash power will be increasing, so although I believe the yield will indeed go up, I do not believe it will hit such a lofty target.

I agree with others in that network hash power does seem to have stagnated a bit over the last few days. Hopefully PETA will get our new miners early this week so that we can take full advantage of this temporary lull in difficulty increase.

And thats why I devided by 3...

Are the basics really that hard???

Sorry, missed that part. A week ago I would have been more inclined to say divide by 4, but since there has been a bit of stagnation in the increase of network hash rate in the past few days it might end up being closer to 3.

To give people something to think about I did the math based on a 4 fold increase before the full 700ths is deployed.
It still equates to 0.002/share before the .45/kwh fee. I didn't factor that in because we have no idea where btc/usd will be when the mine is fully deployed.
full member
Activity: 154
Merit: 100
What the hell is going on with the ask price on havelock? It's been a while since I've seen manipulation like this and I used to work at the CME/CBOT. Seems that as soon as the asks got into the 0.07 range the bullshit ceased, now that it's back into 0.08's the bot or douche bag is back to manipulating. Is someone trying to unload here or trying to scoop up cheap shares?

Probably a bot trying make a profit off the bid-ask spread.
full member
Activity: 154
Merit: 100
mikemikemike,

If network hash power (difficulty) stayed the same, then in 3 months time we would have 12 X the yield at 700 TH/sec. Please keep in mind that network hash power will be increasing, so although I believe the yield will indeed go up, I do not believe it will hit such a lofty target.

I agree with others in that network hash power does seem to have stagnated a bit over the last few days. Hopefully PETA will get our new miners early this week so that we can take full advantage of this temporary lull in difficulty increase.

And thats why I devided by 3...

Are the basics really that hard???

Sorry, missed that part. A week ago I would have been more inclined to say divide by 4, but since there has been a bit of stagnation in the increase of network hash rate in the past few days it might end up being closer to 3.
newbie
Activity: 15
Merit: 0
What the hell is going on with the ask price on havelock? It's been a while since I've seen manipulation like this and I used to work at the CME/CBOT. Seems that as soon as the asks got into the 0.07 range the bullshit ceased, now that it's back into 0.08's the bot or douche bag is back to manipulating. Is someone trying to unload here or trying to scoop up cheap shares?
copper member
Activity: 224
Merit: 100
mikemikemike,

If network hash power (difficulty) stayed the same, then in 3 months time we would have 12 X the yield at 700 TH/sec. Please keep in mind that network hash power will be increasing, so although I believe the yield will indeed go up, I do not believe it will hit such a lofty target.

I agree with others in that network hash power does seem to have stagnated a bit over the last few days. Hopefully PETA will get our new miners early this week so that we can take full advantage of this temporary lull in difficulty increase.

And thats why I devided by 3...

Are the basics really that hard???
full member
Activity: 154
Merit: 100
mikemikemike,

If network hash power (difficulty) stayed the same, then in 3 months time we would have 12 X the yield at 700 TH/sec. Please keep in mind that network hash power will be increasing, so although I believe the yield will indeed go up, I do not believe it will hit such a lofty target.

I agree with others in that network hash power does seem to have stagnated a bit over the last few days. Hopefully PETA will get our new miners early this week so that we can take full advantage of this temporary lull in difficulty increase.
hero member
Activity: 672
Merit: 500
On another topic, have you seen the difficulty chart of the last 3 days ?

Looks like difficulty is not sustaining the monthly 20% increase yet this month.

http://bitcoinwisdom.com/bitcoin/difficulty

Of course, it's a bit premature to tell, but the generation time is not plunging like everytime.
newbie
Activity: 49
Merit: 0
do we have a contact number for cryptX?

yeah right like he would give us a number to call and ask about the deployment.
newbie
Activity: 34
Merit: 0
do we have a contact number for cryptX?
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
With all the back and forth speculation that has transpired thus far, I think anyone trying to decide whether to invest has plenty to ruminate on before making their decision. Adding more will not contribute to the value of this thread.

I'm hoping from here on out that we can "let the chips fall where they may"; for those of us who invested, we'll look forward to developments and hope for returns. For those who haven't, move along and find something you're interested in.

I'm getting tired of all the long-winded speculative posts.

+1, tired of all the whinging it's rather pathetic
member
Activity: 92
Merit: 10
With all the back and forth speculation that has transpired thus far, I think anyone trying to decide whether to invest has plenty to ruminate on before making their decision. Adding more will not contribute to the value of this thread.

I'm hoping from here on out that we can "let the chips fall where they may"; for those of us who invested, we'll look forward to developments and hope for returns. For those who haven't, move along and find something you're interested in.

I'm getting tired of all the long-winded speculative posts.
newbie
Activity: 42
Merit: 0
The liquidity of PETA on Havelock makes any but the smallest investor completely ambivalent to the share price.  Arguing over misconceptions or comparisons to other securities is pointless.

Once you buy in, your in.  Your going to stay in and receive dividends... selling your shares is impractical in the current market.  

Spectator opinion won't affect your dividends, the share price won't affect your dividends etc.  It's possible that once the mine is fully operational and we have a dividend yield of 60%+ the bids will be sufficient to sell your shares.  Right now, there is no point in even acknowledging the ignorant FUD that is being tossed around.

i'm not selling till the shares hit 0.2, and if anyone thinks 0.2 is too high look at it like this

lets say at worst we don't fully deploy for another two months, lets also say the difficulty triples in the next two months(both of these are conservative estimates). Now we've only deployed about 1/12th of full power. Multiply the current yield of 25% by 12 gives us a yield of 300%, divide that by the difficulty increase of three and we have a yield on full deployment of 100% in two months. Now securities usually settle for a 30% yield, this means the share prices have to triple before a yield of 30% is hit

Im extremely optimistic, its just frustrating watching the price fall when i am unable to fund the  purchase of more shares


The current yield of 25% is the annual yield. You can't multiply it by 12.
But beside this, I'm optimistic as well.

i can multiply it by 12. we are only hashing at 1/12th of full deployment, the multiply by 12 is to account for that, not for the months of the year *sigh*

My bad  Wink
newbie
Activity: 34
Merit: 0
I'm new and I'm looking for invest some BTC on Havelock. I'm tring to compare AM1 vs Peta.
AM1 with a price between 0.4 and 0.5 BTC and dividend between 4% and 6% and Peta with a price between 0.08 and 0,12 BTC with a first dividend around 20%, the second is a start up with all the risk related to that this phase, but at first sight it's a better investment than AM1.
I missed the IPO and now I believe that, following the first deployment of mines, if the price go down 0.08 I will buy 30 shares.

Does anybody compared the deploiment programme of AM1 and Peta considering the difficulties increase. I know that AM1 is not only a mine and have other income from selling hardware but the divident is at the bottom from 2 more than 3 months.
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