what is there to discuss? a share was trading for .065 btc for 2.88 ghs. this instantly became 8.68.
price per ghs @ .065 (2.88 ghs per share) = 0.02256 btc/ghs, which is on par with available cloud mining offerings (this offering is essentially commodified ghs)
price per ghs @ .065 (8.68 per share) = 0.00748 btc/ghs, which is pre order prices for physical hardware, and un-fucking heard of for commodified hashing
so why wouldnt the share price adjust to the same ratio?
8.68 x .02256 = .1958 btc per share
this is what people were paying before.
lets use another metric... lowest cloud mined ghs price = .018 at bit-mining.co
that would make the hashing capacity represented by a share of PETA = .1562 btc per share (market price x capacity)
so .1562 or .1958
this asset is currently undervalued
am i making a fundamental error or failing to see something that is obvious? im dead serious.
~Green
please guys, if im not understanding this (this is what i am basing my max buy price/exit price on) provide clarification.
Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 216. (Read 565837 times)
You know what I'm not totally understanding this either. One statement clearly says we have deployed already, which we have, though not at 2.44gh/share, not at 2.88gh/share, not at 3.5gh/share and certainly not at 8.6gh/share. Another statement says we WILL deploy at 700TH, ie 8.68gh/share. And the website states that all units in total will not be hashing until weeks 13-15. So everyone is getting all excited with all this news but realistically speaking we have already deployed and from what cryptx has mentioned on their website is that we won't be at that 700TH mark for a while to come still.
Guys someone shed some light here if im wrong, but 30 terra miners were ordered from cointerra originally am I not right here? New information on petamine web site does NOT show us any additional units from cointerra will be up and running other than what was already ordered (still leaves that giant question mark over that 1 to 1 compensation that cointerra specifically offered to December customers).
So what am I missing here? 13-15 weeks in to our inital deployment date 8.6gh/share begins, isn't that about right?
Guys someone shed some light here if im wrong, but 30 terra miners were ordered from cointerra originally am I not right here? New information on petamine web site does NOT show us any additional units from cointerra will be up and running other than what was already ordered (still leaves that giant question mark over that 1 to 1 compensation that cointerra specifically offered to December customers).
So what am I missing here? 13-15 weeks in to our inital deployment date 8.6gh/share begins, isn't that about right?
I don't know when the weeks are measured from but I'm reading the schedule to mean next week is week 9, another 62 coincraft desks, plus the remaining terras (not mentioned) so we'll be over 100TH, followed by a few weeks of 55 a week...etc until april.
yes there is the question of compensation terras, apart from that the news is solid if a little PR oriented
...but still good and clear news and should answer more questions than it raises
From that, I understand that the new base point now is 700TH. Of course it won't be tomorrow, it will be require time (the same way it would have required time rising to the old 230TH). What I mean, is that in those tables you showed to me before, the "start point" was 150-240TH, and all the investment calculations were made over that amount... Now the start point is going to be 700TH, and higher hash-rates will be deployed with investment. That's why now we have a 8.68TH/s per share as base point. If CryptX was referring to those 700TH scheduled on April on the chart instead of a new 700TH Starting point, don't you think that this note would be pointless? It's clearly a big boost on hash-per-share, and it's clearly good!
Of course, I'm the first interested in knowing the schedule of that 700TH as you are, and would be nice to know how is that achieved with no new funds; but it's good news!
how should I put that for you.... you just confirmed what I was saying over and over and all over again.... yes they will deploy that 700 TH and you will have 8.68 GH/s per share but it will take time, so it will be full online middle April, wasnt that already projected for April ? except that beside that being projected you lost all the income for 2 months... got it now ? now you can go buy more shares for 0.12 BTC
lets say no, he will deploy it mid march, ok cool it doesnt make a difference, you still lost 2 months of income and he is just trying to boost things up to compensate you, but 0.1 share price is just insane, it proves that people don't think for a single moment and cant do math.
You know what I'm not totally understanding this either. One statement clearly says we have deployed already, which we have, though not at 2.44gh/share, not at 2.88gh/share, not at 3.5gh/share and certainly not at 8.6gh/share. Another statement says we WILL deploy at 700TH, ie 8.68gh/share. And the website states that all units in total will not be hashing until weeks 13-15. So everyone is getting all excited with all this news but realistically speaking we have already deployed and from what cryptx has mentioned on their website is that we won't be at that 700TH mark for a while to come still.
Guys someone shed some light here if im wrong, but 30 terra miners were ordered from cointerra originally am I not right here? New information on petamine web site does NOT show us any additional units from cointerra will be up and running other than what was already ordered (still leaves that giant question mark over that 1 to 1 compensation that cointerra specifically offered to December customers).
So what am I missing here? 13-15 weeks in to our inital deployment date 8.6gh/share begins, isn't that about right?
Guys someone shed some light here if im wrong, but 30 terra miners were ordered from cointerra originally am I not right here? New information on petamine web site does NOT show us any additional units from cointerra will be up and running other than what was already ordered (still leaves that giant question mark over that 1 to 1 compensation that cointerra specifically offered to December customers).
So what am I missing here? 13-15 weeks in to our inital deployment date 8.6gh/share begins, isn't that about right?
for sure the price will go up, maybe 0.2 ? or 0.3 ? who knows, and you will have 8.68GH/s per share, but when ? for sure not tomorrow and for sure not after 1 month and for sure not before 2 months.... people start acting this way when profit makes them blind.
I am just discussing the subject here and have no intention to manipulate or slow the share price, I am just trying to understand the whole thing, and maybe having a time schedule for that 8.68 GH/s would help us all understand and save the gibberish talk here.
where did you see that ? I maybe missed it ? starting with 700 TH ? when ? how ?
EDIT: you know what, I give up, let cryptx answer these questions, as long as I know no one knows about his plan, so let him share it with us if he is ok with it.
It can be read on the note:
Quote
Our initial contract stated a hashrate of 1 GH/s per share which we were able to increase to 2.4 GH/s per share thanks to the Bitfury hardware sale.
Due to current delays in delivery and because of the crucial importance of the initial hashrate of the PETAMINE, we like to announce that WE WILL DEPLOY AN ASTONISHING 700 TH/S INSTEAD OF THE PROMISED 230 TH/S. This means a hashrate of 8.68 GH/S PER SHARE OR 3 TIMES THE PROMISED HASHRATE!
Due to current delays in delivery and because of the crucial importance of the initial hashrate of the PETAMINE, we like to announce that WE WILL DEPLOY AN ASTONISHING 700 TH/S INSTEAD OF THE PROMISED 230 TH/S. This means a hashrate of 8.68 GH/S PER SHARE OR 3 TIMES THE PROMISED HASHRATE!
From that, I understand that the new base point now is 700TH. Of course it won't be tomorrow, it will be require time (the same way it would have required time rising to the old 230TH). What I mean, is that in those tables you showed to me before, the "start point" was 150-240TH, and all the investment calculations were made over that amount... Now the start point is going to be 700TH, and higher hash-rates will be deployed with investment. That's why now we have a 8.68TH/s per share as base point. If CryptX was referring to those 700TH scheduled on April on the chart instead of a new 700TH Starting point, don't you think that this note would be pointless? It's clearly a big boost on hash-per-share, and it's clearly good!
Of course, I'm the first interested in knowing the schedule of that 700TH as you are, and would be nice to know how is that achieved with no new funds; but it's good news!
I love how people try to slow down the rise of price in PETA shares, which is reacting to a clearly bullish scenario.
The fact is simple, don't try to confuse people: we were supposed to have a mining start point of 230TH. Now we are going to have a start point of 700TH and a 2% of the network. How CryptX achieved this? Explaining it is up to him; maybe he got better deals due to delays, maybe he got a loan, who knows.
But some thing is clear: if everything was great with 230TH and you were ok with a share price of 0.7, this news only can bring the share price higher: we are going to have a higher hashing power for each share, 8.68GH/s
That's it. And that's why share price is going up... Do the maths with those new 700TH and its dividends compared to old 230TH, and you will get it.
The fact is simple, don't try to confuse people: we were supposed to have a mining start point of 230TH. Now we are going to have a start point of 700TH and a 2% of the network. How CryptX achieved this? Explaining it is up to him; maybe he got better deals due to delays, maybe he got a loan, who knows.
But some thing is clear: if everything was great with 230TH and you were ok with a share price of 0.7, this news only can bring the share price higher: we are going to have a higher hashing power for each share, 8.68GH/s
That's it. And that's why share price is going up... Do the maths with those new 700TH and its dividends compared to old 230TH, and you will get it.
for sure the price will go up, maybe 0.2 ? or 0.3 ? who knows, and you will have 8.68GH/s per share, but when ? for sure not tomorrow and for sure not after 1 month and for sure not before 2 months.... people start acting this way when profit makes them blind.
I am just discussing the subject here and have no intention to manipulate or slow the share price, I am just trying to understand the whole thing, and maybe having a time schedule for that 8.68 GH/s would help us all understand and save the gibberish talk here.
EDIT: Don't confuse these new 700TH announced, with the old planned and scheduled addition of TH with investments, as the table says. Those 700TH are going to be the start point; investment is supposed to increase them even more, allowing us to maintain the % of hashing more time.
where did you see that ? I maybe missed it ? starting with 700 TH ? when ? how ?
EDIT: you know what, I give up, let cryptx answer these questions, as long as I know no one knows about his plan, so let him share it with us if he is ok with it.
I love how people try to slow down the rise of price in PETA shares, which is reacting to a clearly bullish scenario.
The fact is simple, don't try to confuse people: we were supposed to have a mining start point of 230TH. Now we are going to have a start point of 700TH and a 2% of the network. How CryptX achieved this? Explaining it is up to him; maybe he got better deals due to delays, maybe he got a loan, who knows.
But some thing is clear: if everything was great with 230TH and you were ok with a share price of 0.7, this news only can bring the share price higher: we are going to have a higher hashing power for each share, 8.68GH/s
That's it. And that's why share price is going up... Do the maths with those new 700TH and its dividends compared to old 230TH, and you will get it.
EDIT: Don't confuse these new 700TH announced, with the old planned and scheduled addition of TH with investments, as the table says. Those 700TH are going to be the start point; investment is supposed to increase them even more, allowing us to maintain the % of hashing more time.
The fact is simple, don't try to confuse people: we were supposed to have a mining start point of 230TH. Now we are going to have a start point of 700TH and a 2% of the network. How CryptX achieved this? Explaining it is up to him; maybe he got better deals due to delays, maybe he got a loan, who knows.
But some thing is clear: if everything was great with 230TH and you were ok with a share price of 0.7, this news only can bring the share price higher: we are going to have a higher hashing power for each share, 8.68GH/s
That's it. And that's why share price is going up... Do the maths with those new 700TH and its dividends compared to old 230TH, and you will get it.
EDIT: Don't confuse these new 700TH announced, with the old planned and scheduled addition of TH with investments, as the table says. Those 700TH are going to be the start point; investment is supposed to increase them even more, allowing us to maintain the % of hashing more time.
which brings me to this, people who really care about this operation and want to help it grow and succeed should stop buying now and wait for the IPO shares, this is the only way you help Cryptx to give PETA a boost.
just my opinion, I wouldn't buy now if I wanted to go back onboard, I would consider buying only the IPO shares.
just my opinion, I wouldn't buy now if I wanted to go back onboard, I would consider buying only the IPO shares.
But... Who cares +170Th if they are proportionally divided into those new shares that are thrown to the market? You will have the same Hash per share, not more. Because more hash, implies more shares. (That's what I've understood... correct me if I'm wrong)
Anyway, yesterday we were happy with 230TH, and today, that we know that it will be 700TH... someone complains about a boost of +170TH?
I am trying to get around this but I still don't understand, so ok lets go to the data sheet again.
so by now for the 100K shares (and yes I said 100K for the best case scenario) you should have 400 TH and 1905 BTC already mined which equal to circa 0.019 BTC/share dividends, also you should have around +1000 BTC for reinvestment, this is of course lost income because of Cointerra and Bitmine delays.
now the second mark show that the 700 should be deployed some when in April if everything went like it was planned, even with Cryptx doing his best now, this 700 TH announced today wont be deployed at least for couple of months, add to that the hardware that you are still waiting for from Bitmine will take around 3-4 weeks to be fully deployed.
so this bring us to the question, in order to ramp up and boost the operation and make up for the lost income, he has to get the funds somewhere, and I guess this is why he wrote about the IPO shares and the additional 170 TH, otherwise I would be more than thankful if someone can explain to me how to deploy that 700 TH without funds ?
I second this, you guys seem to forget that we've lost income. now we are headed towards custom device development, which in itself is more risky than waiting for devices to arrive. it could take months to develop a device and produce it for use. Not only that, but the deployment is not at maximum right now, and with the difficulty changing proportionally. you have to remember that the hash rate is increasing with every new device that's brought online. So the fact that the mine is adding more hashrate was already given in the reinvestment clause. It is about the timing of the the hashrate, bringing it online 15-20 weeks (4-5 months) would be like adding a single butterfly labs 5 gh/s miner to the mine right now. it wouldn't do much, when the difficulty is skyrocketing.
Every time one of these stocks jump in price, someone works overtime trying to cool the rush. Your tactics are tired and transparent mmitch. If you really think cryptx is going to sell shares at less than half of market you are dilusional.
well maybe I am... good luck
Every time one of these stocks jump in price, someone works overtime trying to cool the rush. Your tactics are tired and transparent mmitch. If you really think cryptx is going to sell shares at less than half of market you are dilusional.
This project had many ipos already: first at 0.06, then 0.065, last one at 0.05.
Terms are, CryptiX can sell remining shares at any time, at any price. Why at lower than market would buy?
Terms are, CryptiX can sell remining shares at any time, at any price. Why at lower than market would buy?
mmmm ok, lets wait and see how will things develop... meanwhile I will watch the hardware deployment
This project had many ipos already: first at 0.06, then 0.065, last one at 0.05.
Terms are, CryptiX can sell remining shares at any time, at any price. Why at lower than market would buy?
Terms are, CryptiX can sell remining shares at any time, at any price. Why at lower than market would buy?
Most unlikely at 0.05, but rather somewhere in line with new market price at that time.
this would be strange.... in other word I didnt see this happen with IPOs before, let me explain, imagine that I have an IPO with 1000 share, I sell 500 and take down the other 500 and issue a statement t share holders that I still hold all rights on these 500, ok cool...
so then I start trading against share holders to bring the price up to double maybe triple, then I tell the share holders now we need more funds so we will open the IPO again and set the price 3 times higher..... you see the outcome of this ?
I don't know about any case of IPO shares being put on market again for more than their original value, at least if you know about any case point it out to me...
Most unlikely at 0.05, but rather somewhere in line with new market price at that time.
the point is: 806xx share sold at 0.05 which accumulate around 4000+ BTC, this is the capital of this operation and not the one you see now, the current share price represent the market Cap and not the capital of the operation. so the question is how to deliver 700 TH with the funds that supposed to deliver only 240 TH if all the 100K shares were sold and less for 80K share, not to mention that this operation didn't start in full capacity yet, so the 2 months revenue that supposed to help achieving this goal are lost.
in addition, if the IPO shares will be sold, the price will most likely be 0.05, so after this press release I don't understand why people don't wait for the IPO shares, because by that they will be helping the operation to grow, buying now at 0.1xx is not helping the operation but is filling someone else pocket before even a single dividend was even paid.
and of course, if they sell the additional IPO shares this doesnt mean that other holders will have less income or will lose value or speed.
Edit: I did PM cryptx asking about the IPO shares and more details and if there is an ETA about that, I may be interested in buying some if the conditions are more clear to me.
The important part is Hash per Share, and that has been clearly improved; I see those 170TH as a possible boost, but not as a necessity to deploy 700Th.
(I wouldn't look at those tables you put anymore, because everything has been delayed, and CryptX has stated that the initial Hashrate will be 700 instead of 230, with 8.68GH/s per share, as initial mining hashrate. That's what it's important, and that's why it's good news)
I get your concerns regarding funds, but maybe this improvement is related to a good deal or compensation due to the delays, as it was said before... Or even a loan, who knows. It would be nice to know more about this issue, but I really don't care if we are really starting to mine with 700 instead of 230 (as it seems to).
The "IPO shares statement" on that note seems as if it was a clause for a possible future, not a fact; that's why nobody is waiting for them...they may not come to sale!
The fact for me is 700TH, not the 170TH boost. And I'm not sure about the price of those IPO shares if the day comes; of course it would be a great deal at 0.05, but it sounds too good to be true. (after all, doing math, with 700TH, IPO price is ridiculously low... even the actual 0.1)
Quote
Due to current delays in delivery and because of the crucial importance of the initial hashrate of the PETAMINE, we like to announce that WE WILL DEPLOY AN ASTONISHING 700 TH/S INSTEAD OF THE PROMISED 230 TH/S. This means a hashrate of 8.68 GH/S PER SHARE OR 3 TIMES THE PROMISED HASHRATE! We are confident that this is the extra push the PETAMINE needs to really excel! You can find the confirmed deployment schedule below.
CryptX will remain the right to IPO the remaining 19,326 shares at an equal hashrate per share at the time of the IPO, so no dilution is possible. This enables us to give the PETAMINE an extra boost of minimum 170 TH/s.
CryptX will remain the right to IPO the remaining 19,326 shares at an equal hashrate per share at the time of the IPO, so no dilution is possible. This enables us to give the PETAMINE an extra boost of minimum 170 TH/s.
As is plainly relayed in the press release, the additional sales will provide additional hashrate. In fact, because of the increase in share price, the amount of hardware he will be able to buy assuming all additional IPO shares sell will most likely be considerably higher than 170 additional TH.
The amount of shares sold doesn't cause dilution to existing share holders as any additional shares sold will in turn result in an equivalent amount of hash power being added to the mine.
the point is: 806xx share sold at 0.05 which accumulate around 4000+ BTC, this is the capital of this operation and not the one you see now, the current share price represent the market Cap and not the capital of the operation. so the question is how to deliver 700 TH with the funds that supposed to deliver only 240 TH if all the 100K shares were sold and less for 80K share, not to mention that this operation didn't start in full capacity yet, so the 2 months revenue that supposed to help achieving this goal are lost.
in addition, if the IPO shares will be sold, the price will most likely be 0.05, so after this press release I don't understand why people don't wait for the IPO shares, because by that they will be helping the operation to grow, buying now at 0.1xx is not helping the operation but is filling someone else pocket before even a single dividend was even paid.
and of course, if they sell the additional IPO shares this doesnt mean that other holders will have less income or will lose value or speed.
Edit: I did PM cryptx asking about the IPO shares and more details and if there is an ETA about that, I may be interested in buying some if the conditions are more clear to me.
Quote
Due to current delays in delivery and because of the crucial importance of the initial hashrate of the PETAMINE, we like to announce that WE WILL DEPLOY AN ASTONISHING 700 TH/S INSTEAD OF THE PROMISED 230 TH/S. This means a hashrate of 8.68 GH/S PER SHARE OR 3 TIMES THE PROMISED HASHRATE! We are confident that this is the extra push the PETAMINE needs to really excel! You can find the confirmed deployment schedule below.
CryptX will remain the right to IPO the remaining 19,326 shares at an equal hashrate per share at the time of the IPO, so no dilution is possible. This enables us to give the PETAMINE an extra boost of minimum 170 TH/s.
CryptX will remain the right to IPO the remaining 19,326 shares at an equal hashrate per share at the time of the IPO, so no dilution is possible. This enables us to give the PETAMINE an extra boost of minimum 170 TH/s.
As is plainly relayed in the press release, the additional sales will provide additional hashrate. In fact, because of the increase in share price, the amount of hardware he will be able to buy assuming all additional IPO shares sell will most likely be considerably higher than 170 additional TH.
The amount of shares sold doesn't cause dilution to existing share holders as any additional shares sold will in turn result in an equivalent amount of hash power being added to the mine.
Really don't know where CryptX got the funds. Maybe a loan and they are looking to return it with selling remaining shares. And buying newhardware, ofc.
But that +170th is not in 700: 700th/80674 = 8.68 gh/share, as title says. Otherwise, 700th/100000 = 7.00 gh/share.
But that +170th is not in 700: 700th/80674 = 8.68 gh/share, as title says. Otherwise, 700th/100000 = 7.00 gh/share.
which brings me to this, people who really care about this operation and want to help it grow and succeed should stop buying now and wait for the IPO shares, this is the only way you help Cryptx to give PETA a boost.
just my opinion, I wouldn't buy now if I wanted to go back onboard, I would consider buying only the IPO shares.
just my opinion, I wouldn't buy now if I wanted to go back onboard, I would consider buying only the IPO shares.
But... Who cares +170Th if they are proportionally divided into those new shares that are thrown to the market? You will have the same Hash per share, not more. Because more hash, implies more shares. (That's what I've understood... correct me if I'm wrong)
Anyway, yesterday we were happy with 230TH, and today, that we know that it will be 700TH... someone complains about a boost of +170TH?
I am trying to get around this but I still don't understand, so ok lets go to the data sheet again.
so by now for the 100K shares (and yes I said 100K for the best case scenario) you should have 400 TH and 1905 BTC already mined which equal to circa 0.019 BTC/share dividends, also you should have around +1000 BTC for reinvestment, this is of course lost income because of Cointerra and Bitmine delays.
now the second mark show that the 700 should be deployed some when in April if everything went like it was planned, even with Cryptx doing his best now, this 700 TH announced today wont be deployed at least for couple of months, add to that the hardware that you are still waiting for from Bitmine will take around 3-4 weeks to be fully deployed.
so this bring us to the question, in order to ramp up and boost the operation and make up for the lost income, he has to get the funds somewhere, and I guess this is why he wrote about the IPO shares and the additional 170 TH, otherwise I would be more than thankful if someone can explain to me how to deploy that 700 TH without funds ?
which brings me to this, people who really care about this operation and want to help it grow and succeed should stop buying now and wait for the IPO shares, this is the only way you help Cryptx to give PETA a boost.
just my opinion, I wouldn't buy now if I wanted to go back onboard, I would consider buying only the IPO shares.
just my opinion, I wouldn't buy now if I wanted to go back onboard, I would consider buying only the IPO shares.
But... Who cares +170Th if they are proportionally divided into those new shares that are thrown to the market? You will have the same Hash per share, not more. Because more hash, implies more shares. (That's what I've understood... correct me if I'm wrong)
Hashrate per share stays the same.
Just noticed and corrected it, your are right
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