Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 236. (Read 565837 times)

Cryptx, can I ask what kind of hardware did you order from Bitmine ? is it the Rig or the Desk ? because they said the Rig will be delayed even more !

Cryptx any update from both Cointerra and Bitmine ?

^^^ I think CoinTerra is on top of things. From what they have said, they are currently in progress of shipping and "first batches" includes us.

http://mineforeman.com/2014/02/03/cointerra-hacked/

I imagine it doesn't affect us, right?

Monday again, Cryptix, any update? Are the units being shipped? Something delivered? Any forecast on mining start?

Thanks!

Doc Holiday. It's not often one get's an opportunity to speak to the dead.  What are your thoughts on this whole bitcoin/cryptx phenomenon?  Should I be buying more BTC and CRYPTX shares?

Doc: "Your daisy if you do!"

You are wrong.

Cost went up in $, return also went up in $. The net effect is a wash.

Think about it this way:

You bought Daisy, a milker, and paid for her in milk.  Instead of paying X dollars, you gave Farmer John Y gallons of milk.
After you bought Daisy, the price of milk rose x10.

Q:  Is Daisy worth more dollars?
A:  Sure, since Daisy's milk is worth x10 more, Daisy is worth ~x10 more.*

Q:  Is Daisy worth more milk?
A:  No.  Daisy will give you the same amount of milk in her lifetime, regardless of milk prices.  She's a good cow, and smart, too, but she doesn't get free market.  She might be a commie, definite Marxist leaning, reads Keynes too...

Q: Is it dumb to buy Daisy now that milk prices have gone up?
A: No dumber than when milk prices were low.

Q: Was it dumb to buy her then?
A: Lol yes!  But that got nothing to do with the price of milk.

*We should add a fudge factor to our Daisy Mining Bond Model to account for rising difficulty, but that's way too depressing.

can't say you are wrong, if you are looking only in $, but...
Expected return, and price, of this shares is nominated in btc.

Well its fair. It is not out problem you did not want to take the risk when i was low.
BTC is still the same, so are you a btc guy or a dollar guy. If you are the last you are probably bound to lose.
I hope btc Will be 2000 dollar in the next month.
There Will be guys just like you saying iTS not fair because you could buy at 1 thousand.

If you don't like to gamble or are just a dollar Guy. Get away from petamine and risks
Just go buy and sell the btc when rise or drop is a few dollar and play safe.

so the PETAMINE shares were sold at a time when bitcoin was $100, now the share price is teh SAME. doesn't that mean i'm paying 8x-10x MORE for teh same share right now? Doesnt seem fair since i'm paying 10x more for a share that didnt actually rise in value. correct me if im wrong

While that is how supply/demand works. We were discussing the pricing of ghs on cex not for the entire asic market place.
And until there is a company selling asic miners in bestbuy/target/walmart/etc, people will continue to preorder at ridiculous prices and then proceed to never positively ROI because of the time it took to get it to market.
Right now ASICs are a sellers market, everyone wants them, not many are making them, therefore they continue to get a premium for them.

For Bitmine, they had written they will collect directly to save time.

Hello CryptX,

Would you mind posting when you receive shipping confirmation (tracking numbers) from Cointerra or Bitmine?

As more people buy the new ASIC's the price will be driven down. The only reason its not going down now is because the people who already have the new ASIC's still have a distinct advantage over the competition. that advantage will ware off in the coming weeks as delivery is ramped up

This is starting to get exciting. Keep up the good work

Cex.io is a market based commodity. If the new hashing power brought on by cex was actually driving the price down, we would see much lower prices already. But cex brings new power on priced at the average price at the time so as not to upset the market. GHS is not IMO something that should be price regulated by a market. I would like to see a company selling GHS at an ever decreasing rate as their cost per GHS drops. With perhaps a small side market for p2p sales for times when the company has run out of GHS for the moment, but with the majority of GHS being purchased from the company hosting said GHS.

You are mistaken to make any assumptions or decisions based on what cex is trading GHS for. The people/bots trading GHS on cex are out to make a profit buying low and selling high. This is in stark contradiction to supply/demand and moores law. They are not buying and holding looking to make profit via mining, if the majority were then the price would be pushed down with each subsequent jump in difficulty.

I had a ton of GHS with CEX, but when I read about petamine I cashed out 95% of them and bought shares. Pyramining, petamine, cognitive, etc are the places to be invested in, rather than buying from overpriced cloud mining "services" or even trying to run your own hardware at quantities needed to make a profit.

yes i knew that. thank you

First week after cointerra delivers hardware, IMO. Maybe in.. two weeks^tm?
I hope that you know that the mine is not operating, yet.

so when can we expect some dividends?

...understood: but CEX.io does represent expectations of future revenue from ghs... ergo the new überminers make the price drop... good indication the miner community sees the arrival as imminent... expect to see ghs/btc in the high .020's soon