[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 217.

ujka

hero member

Activity: 630

Merit: 500

Quote from: eiprol on February 22, 2014, 02:47:23 PM

Quote from: mmitech on February 22, 2014, 02:38:51 PM

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.

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)

Correct. Just the wording should be 'because more shares, implies more hashrate'.
Hashrate per share stays the same.

eiprol

member

Activity: 117

Merit: 10

bitarchitect

Quote from: mmitech on February 22, 2014, 02:38:51 PM

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.

But... Who cares if we get those +170Th or not, if they are proportionally divided into those new shares that are thrown into the market? You will have the same Hash per share, not more. Because more ~~hashrate~~ shares, implies more ~~shares~~ hashrate. (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? Roll Eyes

ujka

hero member

Activity: 630

Merit: 500

That's an extra boost. Not counted in 700.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

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.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: ujka on February 22, 2014, 02:32:02 PM

Quote from: mmitech on February 22, 2014, 02:28:24 PM

Quote

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.

yet, this is really interesting, as I understood, to add the additional 170 TH, they will have to sell the remaining shares, maybe a to a private share holders or partner? or put them back in havelockinvestments ?

It goes like this - they have the right to sell those remaining shares, but then they have to add aditional hashrate, at min 170th, or equal hashrate per share as at the time of that new ipo.

nope, I think you didn't understand the statement good, or at least I did understand it like that: the shares when sold will help to boost the operation with 170TH, otherwise how will you reach the 700 TH ?

Quote

at an equal hashrate per share at the time of the IPO

Anotheranonlol

hero member

Activity: 588

Merit: 504

Quote from: eiprol on February 22, 2014, 02:21:12 PM

Quote from: naaktslak on February 22, 2014, 02:10:42 PM

Can anyone give a projection on what the dividends will be with 700TH/s?

780 BTC mined per week
65% of 780 = 507BTC dividends per week
507 / ~80.000 = ~0,006BTC per week per Share

0,006 per share at current difficulty... which if I'm right, at current shareprice of ~0.1, it's like +300% yield (you would return your investment in ~100days).
That's why I think shares will rise even more...

PS: Correct me if I'm wrong, they are just fast calculations, but... what about a shareprice of +~0.3BTC? Roll Eyes

Frankly with current hardware plans alone share-price now is undervalued. The important thing will be the re-investment.
Next thing to consider is yield market will be happy with. AM is priced in on ~6.4% annual, after a spate of bad news last week moved it from ~3.5%.

With a stable operation with long term vision, there is less emphasis on a super-quick return. (although of course, it is always preffered

)

ujka

hero member

Activity: 630

Merit: 500

Quote from: mmitech on February 22, 2014, 02:28:24 PM

Quote

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.

yet, this is really interesting, as I understood, to add the additional 170 TH, they will have to sell the remaining shares, maybe a to a private share holders or partner? or put them back in havelockinvestments ?

It goes like this - they have the right to sell those remaining shares, but then they have to add aditional hashrate, at min 170th, or equal hashrate per share as at the time of that new ipo.
They can put shares at ipo at the price they like, but I think they will put them at the market price of that time in future.

eiprol

member

Activity: 117

Merit: 10

bitarchitect

Quote from: mmitech on February 22, 2014, 02:28:24 PM

Great news for shares holders, I am happy that things are moving for you, and I am happy that Crpytx is trying his best to deploy the hardware and remain a fair operator.

Quote

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.

yet, this is really interesting, as I understood, to add the additional 170 TH, they will have to sell the remaining shares, maybe a to a private share holders or partner? or put them back in havelockinvestments ?

I'm wondering the same; how would they put them on sale? and at what price?

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Great news for shares holders, I am happy that things are moving for you, and I am happy that Crpytx is trying his best to deploy the hardware and remain a fair operator.

Quote

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.

yet, this is really interesting, as I understood, to add the additional 170 TH, they will have to sell the remaining shares, maybe to a private share holders or partner? or put them back in havelockinvestments ?

eiprol

member

Activity: 117

Merit: 10

bitarchitect

Quote from: naaktslak on February 22, 2014, 02:10:42 PM

Can anyone give a projection on what the dividends will be with 700TH/s?

780 BTC mined per week
65% of 780 = 507BTC dividends per week
507 / ~80.000 = ~0,006BTC per week per Share

0,006 per share at current difficulty... which if I'm right, at current shareprice of ~0.1, it's like +300% yield (you would return your investment in ~100days).
That's why I think shares will rise even more...

PS: Correct me if I'm wrong, they are just fast calculations, but... what about a shareprice of +~0.3BTC? Roll Eyes

IamNotSure

hero member

Activity: 672

Merit: 500

Damn, I almost fell off my chair.

Thank you (again) for your hard work.

naaktslak

full member

Activity: 219

Merit: 100

Can anyone give a projection on what the dividends will be with 700TH/s?

Anotheranonlol

hero member

Activity: 588

Merit: 504

Quote from: cryptx on February 22, 2014, 12:13:33 PM

UPDATE 22/02/2014:

PETA-MINE WILL DEPLOY 700 TH/S OR 8.68 GH/S PER SHARE

http://www.peta-mine.co/petamine-will-deploy-700-ths-or-8-68-ghs-per-share

Amazing news, was very astonished to read it!! along with seeing the team working overtime on Saturday for deployment.
I think a lot did not expect such positivity- very pleased to be a shareholder right now. Congratulations on maintenance thus far & Looking forward to a bright 2014 for all involved in the operation.

eyecoins

newbie

Activity: 28

Merit: 0

current share price for the GH blows everything other available product out of the water

eiprol

member

Activity: 117

Merit: 10

bitarchitect

Quote from: AstroKev on February 22, 2014, 01:32:06 PM

Quote from: Vexatious on February 22, 2014, 01:18:53 PM

Look at the price of those shares going up! This is great news! Grin

Up to 0.09 now. I've almost doubled my money and I have no intention of selling anytime soon. It's all good.

i picked up some more also. Figure if at ~~ 3gh it is 0.07/share, it ought to be nearly 0.2/share with nearly 3x the hash...

That's what I thought; but It could rise even more.. since the actual share price seems a bit undervalued to me: it reflects the lack of mining equipment until these days; but each day we have more hashing power...

And of course, doing some math, you can expect a great return of mining, and a much higher share price...

ujka

hero member

Activity: 630

Merit: 500

Three hours ago I was writing how I'm pleased how this project is progressing, and now this great news

AstroKev

newbie

Activity: 23

Merit: 0

Quote from: Vexatious on February 22, 2014, 01:18:53 PM

Look at the price of those shares going up! This is great news! Grin

Up to 0.09 now. I've almost doubled my money and I have no intention of selling anytime soon. It's all good.

i picked up some more also. Figure if at ~~ 3gh it is 0.07/share, it ought to be nearly 0.2/share with nearly 3x the hash...

ujka

hero member

Activity: 630

Merit: 500

Great news, and thanks for a great job you're doing, CryptX and everyone at your team!

Vexatious

member

Activity: 119

Merit: 10

Look at the price of those shares going up! This is great news! Grin

Up to 0.09 now. I've almost doubled my money and I have no intention of selling anytime soon. It's all good.

eiprol

member

Activity: 117

Merit: 10

bitarchitect

This is not only great news, but also the confirmation of what many of us already knew: Cryptx is doing a great job here.

More than 3x the hash expected, it's.. WOW

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 217. (Read 565837 times)