[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 214.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: dhenson on February 23, 2014, 12:02:16 PM

Quote from: ?? on ??

Are people actually selling at 0.1 or am I still drunk? How were not at .2 yet is beyond me

The uncertainty of the remaining IPO shares has a chilling effect on the share price. Nobody wants to get trapped over the wall.

If cryptx made a statement like:

Quote

All remaining IPO shares will be sold at market value on April 1st.

Then the market would be allowed to find a value without the threat of the impending wall.

I've seen this happening several times on Havelock with other securities, when new shares are issued, trading is halted and the new batch of shares is put for sale at market price, when everything is sold, business as usual.

I assume this is what will happen when the time comes for PETA to IPO those remaining shares.

And there's no sell wall, there's a special section for IPOs on Havelock.

spazzcat

newbie

Activity: 57

Merit: 0

Quote from: runam0k on February 23, 2014, 12:05:05 PM

Quote from: spazzcat on February 23, 2014, 11:26:00 AM

People keep trying to sell lower then everyone else...Too many people that don't know to handle investments...

Otherwise known as the market finding a price.

I saw someone sell at .078 when the going price was .115, last night.

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

Quote from: spazzcat on February 23, 2014, 11:26:00 AM

People keep trying to sell lower then everyone else...Too many people that don't know to handle investments...

Otherwise known as the market finding a price.

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: ?? on ??

Are people actually selling at 0.1 or am I still drunk? How were not at .2 yet is beyond me

The uncertainty of the remaining IPO shares has a chilling effect on the share price. Nobody wants to get trapped over the wall.

If cryptx made a statement like:

Quote

All remaining IPO shares will be sold at market value on April 1st.

Then the market would be allowed to find a value without the threat of the impending wall.

AlexeyKV

newbie

Activity: 28

Merit: 0

Quote from: AlexeyKV on February 23, 2014, 11:21:33 AM

Just some calculations.

Lets say petamine obtain 2% of network hashrate. And there will be 100000 shares.
Lets say at average there are 6.5 blocks mined per hour.
For the next 2.5 years each block rewards 25 BTC.

100% of network mines 6.5 * 25 * 24 = 3900 BTC per day.
or 3900 * 30 = 117000 BTC per month.

2% of network will mine 117000 * 0.02 = 2340 BTC per month.

Finally each share will receive 0.0234 BTC per month.

Forgot about 35% reinvestment. So actually each share will receive 0.01521 BTC in dividends per month. Not taking into account transaction rewards and electricity costs.

Aireun

member

Activity: 113

Merit: 10

Perpetual optimism is a force multiplier.

With this great news... are we to expect dividends sometime soon? Or do we have to wait until the mine is fully deployed. I love this news with the 8.68GH/s but I really want to see the dividends coming in soon.

spazzcat

newbie

Activity: 57

Merit: 0

Quote from: ?? on ??

Are people actually selling at 0.1 or am I still drunk? How were not at .2 yet is beyond me

People keep trying to sell lower then everyone else...Too many people that don't know to handle investments...

AlexeyKV

newbie

Activity: 28

Merit: 0

Just some calculations.

Lets say petamine obtain 2% of network hashrate. And there will be 100000 shares.
Lets say at average there are 6.5 blocks mined per hour.
For the next 2.5 years each block rewards 25 BTC.

100% of network mines 6.5 * 25 * 24 = 3900 BTC per day.
or 3900 * 30 = 117000 BTC per month.

2% of network will mine 117000 * 0.02 = 2340 BTC per month.

Finally each share will receive 0.0234 BTC per month.

So the questions are how much time does it take to achieve 2% of network. And do they have enough funds to do it. I would say its pretty interesting investment in long term.

bocobit

newbie

Activity: 33

Merit: 0

This is my first post here…been lurking for a few months so here we go.

Great news coming from cryptx, 700 TH woohoo! I'm unclear about some of the details around the rolling out of the miners that are important.

1)When should us shareholders expect the first dividend?

Quote

We own our own datacenter which has currently a capacity up to 750 TH/s, which enables us to deploy very fast and use custom designed hardware. We have engineered a standard unit with a hosting capacity of 500 TH/s, which can be installed fully operational in a matter of weeks. This enables us to expand at a very fast pace.

2)Doing some math it appears that cryptx will have the capacity for 1,250 TH in a matter of weeks, what is the ETA of the A1 chips and are they going to account for the 550 TH difference between 700 TH and 1,250 TH?

I'm not familiar with mounting chips on boards, is that a time consuming process? How long would that process take to mount 500 TH worth of chips on boards?

thanks

ujka

hero member

Activity: 630

Merit: 500

Quote from: ?? on ??

Are people actually selling at 0.1 or am I still drunk? How were not at .2 yet is beyond me

Not all are here for long term mining. Some are speculating, and >100% profit is fine with them. They cash out and move on, next opportunity.

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: ujka on February 23, 2014, 10:38:14 AM

Quote from: Elvis Trout on February 23, 2014, 09:54:28 AM

...
Also merge mining pls.

and here we go again... Wink

We are merge mining. Eligius is merge mining nmc.

Why just nmc though? I know other currencies are only a fraction as profitable but it would seem silly not to. Maybe this pool has other benefits I am unaware of.

ujka

hero member

Activity: 630

Merit: 500

Quote from: Elvis Trout on February 23, 2014, 09:54:28 AM

...
Also merge mining pls.

and here we go again... Wink

We are merge mining. Eligius is merge mining nmc.

trek27

full member

Activity: 172

Merit: 100

Read the announcement...then read it for the second time. Went down to make something to drink. Drunk.
Came back and the news was still there staring at me from the screen. So, I read it for the third time. Wow.

The news is so good that it probably provokes some kind of denial. It's very human. When something is 'too good' or 'downright bad' people subconsciously reject it.

700TH at the end of March? Just two days ago we could reasonably expect 230TH at mid-march.
Bitmine is shipping. Two days ago we could just speculate: when they will start?
CryptX announcing the goal of reaching and preserving 2% of the network.
CryptX confirms development of custom made mining devices.
Really, what could be better?
The only aspect we lack is realization of this fantastic plan. But for this we must obviously wait a bit.

I think people and Mr.Market need some time to fully digest what really happened during this weekend.

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: runam0k on February 23, 2014, 09:59:32 AM

Quote from: Elvis Trout on February 23, 2014, 08:36:32 AM

... the announcement doesn't actually mean much.

Some people are impossible to please.

Would you rather no announcement had been made?

No, I'm ecstatic about what it has done for the share price! I suppose I just didn't understand it properly.

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

Quote from: Elvis Trout on February 23, 2014, 08:36:32 AM

... the announcement doesn't actually mean much.

Some people are impossible to please.

Would you rather no announcement had been made?

qwertyqwerty

full member

Activity: 202

Merit: 100

Quote from: Elvis Trout on February 23, 2014, 08:36:32 AM

Hate to be a downer here, I love the new share price and everything, but the announcement doesn't actually mean much. Looking at the deployment schedule it seems like it's going to be a long time before each share actually has 8.68 gh/s per share. And at some point with reinvestment it would have anyway. I love the fact that cryptx has obviously put in a huge effort to make that happen sooner, but it seems a little misleading to announce that as each share's worth, as it will be a while before each share is worth that.

Where is your head!! Really not so long at all ~50TH now. planned schedule is -- . ~60 TH next week, 110TH roughly the week after, 110TH the week after, 110TH the week after, then beginning not only deployment of additional 250 TH custom hardware but re-investment as well. If CryptX can pull it off it will be great, unprecedented for a public mining operation. aiming to keep up consistent % of global hashrate blows other offerings out of the water, frankly I am surprised share-price is not yet double or triple.

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: ujka on February 23, 2014, 08:44:37 AM

Quote

but the announcement doesn't actually mean much

How can you say that, look what it did to share price...
We know that there is deployment schedule. One can not just drop 700th online in a day. Not even KnC, they did it in three days. Wink

The point is that 700th will be added without using reinvestment money, so that can be used to develop and manufacture own custom hardware to speed up, and reduce the cost of further deployment.

Yea but the deployment schedule posted doesn't seem to add up to 700th, maybe I am just not ascribing the correct values to the machines listed.

I didn't understand that about it not coming from reinvestment money, that is going to be hard to confirm though given that we haven't learnt what reinvestment money is going to be spent on and we also don't know where this extra hashing power came from.

All that being said, I still think this is a good investment and am very happy with how things are going so far.

Also merge mining pls.

ujka

hero member

Activity: 630

Merit: 500

Quote

but the announcement doesn't actually mean much

How can you say that, look what it did to share price...
We know that there is deployment schedule. One can not just drop 700th online in a day. Not even KnC, they did it in three days. Wink

The point is that 700th will be added without using reinvestment money, so that can be used to develop and manufacture own custom hardware to speed up, and reduce the cost of further deployment.

Elvis Trout

member

Activity: 116

Merit: 10

Hate to be a downer here, I love the new share price and everything, but the announcement doesn't actually mean much. Looking at the deployment schedule it seems like it's going to be a long time before each share actually has 8.68 gh/s per share. And at some point with reinvestment it would have anyway. I love the fact that cryptx has obviously put in a huge effort to make that happen sooner, but it seems a little misleading to announce that as each share's worth, as it will be a while before each share is worth that.

Malusig

newbie

Activity: 10

Merit: 0

Bought in at 0.05 and couldn't be happier

Was a bit skeptical with all the delays but with the current news I am over the moon.

Now just cant wait to be receiving dividends.

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 214. (Read 565837 times)