Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 226. (Read 565837 times)

Well the last few days I saw most kinds of investors on this board, I didn't like the way of thinking and the pushing nature of many of them, a quick buck and a shortcut will never bring a business to the top, it will achieve short-term profits but then the selfish needs of the "getting quickly rich" scheme will make it harder for the operator to do some wise decisions for long term.

I was so excited, I even tried to buy more shares (held almost 2% already), but after watching this thread for weeks I understand why Cryptx is not so communicative and hold words most of the time.

to be honest, I didn't expect to get rich of this operation, I always had the goal of locking out my funds in such project and breaking even with 30-50%, this is just fine to keep me out of day trading, I had my doubts about these useless arguments, some arguing about the pool others about merged mining, some others buy shares then call the Operators scammers and Ask for pictures and tracking numbers, and many spamming the thread with useless stuff.

there is something I have to admit, I knew that share price will rise with time when Cryptx start deploying hardware and when they start building miners them selves, I even thought double the share price some when at the end of this year was possible if we consider all the "IFs". but what a surprise when they deployed the miners and pulled out the IPO shares, the price went strait to 0.097xx I was really surprised.


that been said, I was thinking the last few days about the behavior of other people, this IPO have a voting share right, I see that I don't agree with most of you, and I also see that Cryptx will have a tough time operating this operation when some bitch about every small detail (get rich right tonight with these scam coins), therefor I was selling my shares slowly (yes I was the one bringing the price down to 0.055).

just cashed the last shares after reading comments over here, 20% profit is acceptable for me, and good luck everyone with the merged mining and all other matters.

Well your principle is wasting us all money. I do not agree with you on this. I doubt there are many things Cryptx could spend time on that would increase revenue more at this stage. There are only two machines at the data centre so there isn't much to do, and it's not like it would even take that long! The sooner it's done the more we gain in the long term due to the compounding effect of having more money to bring in more hardware.

as I always say, if you are not happy with the business model of this operation you can simply sell your shares, I am sure plenty of people out there will buy them at a discount, I for sure would buy them at the IPO price...

Merged mining = Supporting Scam coins, therefor I am against it by principal, add to that it is an additional work for Cryptx and waste of valuable time and energy that should be invested somewhere else... and I am sure many other share holders agree with me on this.

On the contrary. 1 the extra coins would give income to support the growth of the farm. 2 as I posted before setting up p2pool is trivial for anyone with IT experience/knowledge.
Again, considering they are concerned about the % of the network they control and the fact that merged mining only costs the time needed to set it up it seems the only logical way for them to go.

1. I agree that merged mining is a nice idea. But surely it is NOT priority.

    Priority is to build efficient farm and then to reinvest in cost effective and fast way.
    When and only when this is done and works in a way that allows for some spare time (for CryptX that is) they could turn to merged mining or other interesting ideas.


2. There are some interesting posts by Zefir on official Bitmine forum https://bitcointalk.org/index.php?topic=291141.1440 regarding what's going on at Bitmine and with development of alternative PCBs
 

I am sorry if your view of things has you seeing our discussion of merged mining and what pool we mine on as bitching.

While I do know that the difficulty increase will level out, the 35% reinvestment is going to keep us behind the curve.
We won't catch up until it levels off. If we merge mined nmc/dvc/ixc/i0c and whatever else we could it give us a LOT more revenue for hardware purchases thereby helping us keep up.
And again, its better for the network if they ran a p2pool node. All you need is a somewhat beefy pc running linux and little bit of tech knowledge, for someone that has some experience with anything IT it doesn't take long to get one up and running.

I wish I had as much money as you that I could say that the extra few % income from merged coins wasn't worth doing.
220ths right now would generate an extra 25$/day from DVC and IXC, @ 3$/GHS thats an extra 8+GHS/day they could bring on. Thats an extra 240ghs/month. Now thats at the current BTC/usd, if/when BTC resumes its upward trend that means more GHS that can be purchased everyday.

Sorry, I know, I just thought cryptx was unlikely to respond, wasn't trying to demean you in any way. It is definitely a question worth asking, but cryptx does not seem to answer many questions.

- We are mining at Eligius, so we do have merged mining (NMC), I am against mining in other small pools that have more Scam coins just to increase the income with 0.0x% and with that increase the variance of finding a block also increase even more.
- I do not care about other coins, and I don't know how will NMC be counted but I would like to not include it into the dividends and invest it somewhere else instead.
- please stop bitching about pools, and let them focus on getting the operation online at the right time.
- owning a private pool is not ideal at this time, I would be with P2Pool mining if we reach 5-10% of the network hashrate and I wouldnt care about merged coins.


I would better like to see the guys working on DIY projects to build up their own miners and sell to other small miners, even If I had to buy more shares to help them out with this...


 


  

We arent demanding it.
We are discussing and requesting it. And honestly to me merged mining is a high priority, not doing so is leaving money on the table.
We seem to agree on the idea of the merged coins being used only for reinvestment purposes.
Merged mining is supported by p2pool so its 2 birds with 1 stone, merged mining costs nothing to implement and there are at least 5 coins that can be merge mined which means extra money. With the amount of hardware they are bringing online its better for the network for the to mine with p2pool. Its possible they are using eligius at the moment because its easy to use and they can show us they are actually mining and how much is being mined.

  I do understand merged mining. I'm not against it in this mine. But also, I do not demand it. It's just not that high on my priority list.

Own pool was originally planned for Petamine project (quote from the FAQ):

But that was left out later, when they realized to not beeing able to rise the funds to build/start the mine with planned % of the network. (IMHO)

Exactly. And with the amount of hashing power they are bringing on its healthier for the network for them to p2pool.
And as 1 person has already posted they will mine with Peta if they run a public node.

I am building a small USB farm mining ppc, but I would definitely point a few ghs at their node if it existed.

I am not sure you understand merged mining.
That 0.08% is on top of the btc mined. Yes, its a small % but its extra. And they could either sell them off or hold for when they may be worth more.

Thanks, but thats a conclusion I could have reached on my own. I directed the question to cryptx because I am curious if they know how many machines are arriving on tuesday. I am also curious as to the # of machines bitmine has ready for them to pickup.

wouldn't make a diff...he could easily fake a pic w 2 miners isolated from the others. I agree we should get the additional mining bump or some sort of compensation for not being up to full speed.



Merged mining would be cool. I'm actually in favor of creating our own mining pool. Represents 1-5% increased mining power amirite? Less consistent, yes, but more powerful which should be better for people who are actually investing to hold for a while.

If Peta do an IPO for the merge mining pool... I def. invest in it!

If they can build custom miner surely they can build a mining pool not to mention that it will drain our cost down

it's just the natural course PETA should take

But that's only my view...

Ok, nice point there for ghash.io, but I really wouldn't want peta to mine on ghash.io. And that ixc is 0.08% of btc.

As for own pool - we need a steady btc income from mining in a bigger pool.

https://ghash.io/ (Just the biggest mining pool out there)

but we could also spend some BTC to create our own mining pool... I would turn my miner from ghash to Peta mining pool if it helps

Please, show me some major pool that support merged mining of any other coin, nmc aside.