Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 203. (Read 565837 times)

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*

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'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 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.

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

crtyptX can you give us an update on delivery? its slightly concerning barely any new machines have come online in the last week

Thanks,

exactly, the future of mining will be increasingly centralised- only those either manafacturing their own hardware or with the capital to negotiatie and contract large amounts of hardware direct from supplier, and the facilities to manage the hardware will be able to keep a foot in the door. the rest hobbyist miners will be lucky to break even and make a little bit of profit, vast majority will get stung on pre-order nonsense and end up better off having just brought btc outright. Projects such are this are only for those with long-term vision that also beleive btc will continue to be stable or rise gradually.  btw-the reinvesment terms are not set in stone, they can be changed at any time, everyone involved in the project (crypxt themselves notably) would have it in their own best interests to set the percentage on a figure which would give them a decent return and at the same time keep them ahead of the difficulty curve and all shareholders can vote on this topic.

+1

If you consider petamine a project that is likely to be around for many years to come, you need not focus on how fast you will ROI.
Instead focus on how they can keep up with difficulty and maximize profits for everyone involved. I personally believe that 50% reinvest would have been a more prudent choice, but I wasn't around for that vote.

Hashrate informaton: https://bitcointalksearch.org/topic/total-hashrate-forecast-q1-q2-2014-community-work-387533

Interesting....

doubt anyone is blind, if they are they shouldn't really be investing. This moment in time it's not good value assuming the hashrate it never increases but the whole point of this asset is you aren't paying a fixed rate per gh for eternity and to calculate as such is disingenous & would skewer the outlook greatly.

All you need to do is understand (or believe) the goal is to attain and maintain a set percentage of the global hashrate. let's say 1% of the global hashrate, which is a somewhat pessimistic view & entirely achievable will net 13140 BTC per year, assuming 65% still goes towards dividends (which it wouldn't always necessarily have to) you're left with yearly dividend payment of 0.08541 between the 100,000 shares. or ~100% return by the end of the year based on current shareprice. Again this 1% is an entirely pessimistic view, and with right contracts in place and smart moves with re-investment funds, it can just as easily be 2% (or more) which is the actual figure cryptx is going for, netting a 200%+ return in a year. this is entirely feasible, not especially optimistic.  No mining security is paying anywhere close to this amount today, this is really what you are basing your investment on

Yes, it would be, but it seems the majority of investors here as well the trolls are focused on what happens tomorrow instead of the long term.

Does anyone here honestly believe that asic hardware production and sales can keep rising at the compounded 20% every 11 days?
It may be able to keep going for another few months, but unless there are more top secret farms other than 21e6, its going to slow down.

Ah screw it,
I am going to sell all my shares and put a paper wallet under my mattress. Is that a better investment???

Wouldn't it technically only be (at current price of 0.08050000/share) 0.00927419/GH. Considering each share will be equivalent of 8.68gh when fully deployed. Thats about $5.11 per gh at the current price. Source of average price bitstamp.

Is everyone blind to the fact that we are currently paying well over 0.1btc/gh right now? or am i missing something?

Take your accusations elsewhere.


There are about a dozen mining companies. Cointerra has stated that they produced and shipped about 1000 Terraminer IV's last month. That accounts for about 15% of todays growth, and they are still 'ramping up production'. None of the other companies have said anything usefully about production capacity.

As i said, opinions vary. There is a very strong growth trend which may break tomorrow. Or next year.

There isn't anything to invest when your profits are in the negatives after factoring in electricity costs...
I'm not buying shares in mining companies. I see them as insurance, the difficulty drops, shareholders win! The difficulty rises or hardware is delayed, shareholders lose. Meanwhile the hosting company always wins. That doesn't seem fair to me. The only 'fair' mining fund is BDD.

Full disclosure, i only own neo&bee shares.

I've fiddled around with CEX for a while now but just with trading because the mining makes no sense at those prices even with 100% reinvestment.

But that said, I just did some quick calculations comparing CEX to the PETA shares and took into account that CEX offers 100% reinvestment while PETA offer 65%. Using a PETA share price of 0.08 per share, GHs would have to be trading on CEX at 0.0068 per GHs to get the same bang for the buck.

Actually, it could be a bit higher just to account for hashing now instead of a month from now but too many variables to consider to try and figure that into it.

Even so, at least in terms of comparison to CEX, the PETA price per share is considerably less than what you can get out of CEX right now.

All I'm saying is that if GHs were trading at 0.07 right now on CEX, I'd buy them instead of the PETA shares at 0.08 per share and just manage my 100% reinvestment (of both BTC and NMC) myself. But that is not the case, so I'm gonna snatch up a bunch of PETA until the price reaches a point where the numbers don't make sense to me anymore. I won't speculate on what the max level is but it's definitely north of 0.1 BTC per share.

I wish I could short CEX: long PETA/short CEX at GHs neutral would be a helluva winning trade I think.

If anyone cares to challenge my thinking on this, go for it. I'm more than capable of recognizing if I'm wrong and my feelings won't get hurt.

Kind of curious as to what the NMC breakdown for last dividend payment was.  Didn't see any mention of it earlier.

Your conveniently leaving out the reinvestment.
Nice tag team indeed. Are you looking to purchase some more cheap shares?

Trying not to reply to this but I can't help myself.
5 months out from now the estimated difficulty at 20% every 11 days will be 48.99Billion
That puts the network hashrate at approximately 360Petahashes to get another 20% on top of that we need to have 72Petahashes be brought online in the next 11 days.
Again, I bring up the question, how many foundries are stamping out asics for btc mining? How many companies are mass producing hardware?
I would never say that it is impossible that production has ramped that much by sept but its highly unlikely unless amd, nvidia or intel decide to start producing asics.

Lets assume that it keeps climbing at 20% for the rest of 2014. Unless the price goes through the roof, even large scale operations will be pushed out of business and the difficulty will eventually crash taking block times and the price with it.

nice tagteam work 'Darkstone2' 'Usman056' 

IF the current difficulty trend continues (opinions vary, but i'm betting on it), between 5 and 7 month before the dividends of petamine dry out.