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Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 238. (Read 565837 times)

full member
Activity: 172
Merit: 100
Cointerra begins shipment! Hope CryptX is high in line for batch #1.
http://cointerra.com/pr-cointerra-begins-shipment-terraminer-iv-worlds-fastest-bitcoin-miner/

That's good. Hope Bitmine follows soon.


hero member
Activity: 630
Merit: 500
hero member
Activity: 630
Merit: 500
Anyone updated the excel spreadsheet with the calculations?
I've done my local copy, but still, values are looking too good to be true.
I tried.
Start date moved to Feb 6th, for cointerra hardware, and Feb 26th for bitmine hardware.
Then changed exchange rate $/btc to increase by 1% per week (goes from $820 now to $1170 in Jan 2015).
Div/Share calculates 0.08 0.09btc (forgot to value hardware in Jan 2015 to $1500)
newbie
Activity: 42
Merit: 0
cex.io quote:  1ghs=0.041 btc ; 

peta 2.88ghs=.049 ; ergo peta 1ghs=.017. ; Peta/cex.io=  2.41...

Fun with numbers:

1 GHs today = $0.1591 per day ( https://www.byteminr.com/stats )

CryptX at 0.017 today if hashing = $13.60 per GH/s, break even in about 85 days with no difficulty increase.

CEX.io at 0.041 today = $32.80 per GH/s (plus fees?), break even in 204.85 days with no difficulty increase.

Butterfly hosted hashing two months minimum from now (i.e. March 2014) = $10.83 per GH/s, would break even in 68 days if starting today and assuming no difficulty increase.

Byteminr.com about 1.5 months ago before running out of stock: $20 per GH/s/Y, break even etc. etc. in 125 days.

Bitcoin total network speed: about 18,000 THash/s, or the equivalent of 9,000 Cointerras. I wonder how many boxes the next gen miner manufacturers can produce in a month, combined? The equivalent of 36,000 Cointerras entering the network in two weeks would trigger the protocol's protection for sudden difficult increases, limiting it to a factor of 4X every two weeks.

In fact, if somebody could manage to inject insane hashrate into the network today, they could just eat the blocks away for several months and benefit from the 4X difficulty increase protection in the protocol; the network would produce blocks faster than once per 10 minutes for a while.
hero member
Activity: 630
Merit: 500
anyone have an update?

me being the paranoid investor i am, im starting to get slightly worried.
As I read in cointerra website updates, they are in production, but still waiting for certification (CE). Bitmine is silent last days, still developing and tweaking boards, I think. Sample chips were sent to other board developers.
sr. member
Activity: 241
Merit: 250
Anyone updated the excel spreadsheet with the calculations?
I've done my local copy, but still, values are looking too good to be true.

how is it too good to be true, if this operation wont go online soon, there is allot to reconsider, people are already selling shares for less than they paid for...

i mean:
20% more energy
increased difficulty
almost a month without mining
(to say the moat evident cons)
increased GH per share
(on the good side)

I am afraid that my formulas added to the modifications I did to the file are "looking too good to be true", hence my request if someone had a better updated file to play with Smiley

(and yes, people sell at 0.0499999 what they purchased at 0.05 ... big deal)
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
Anyone updated the excel spreadsheet with the calculations?
I've done my local copy, but still, values are looking too good to be true.

how is it too good to be true, if this operation wont go online soon, there is allot to reconsider, people are already selling shares for less than they paid for...
sr. member
Activity: 241
Merit: 250
Anyone updated the excel spreadsheet with the calculations?
I've done my local copy, but still, values are looking too good to be true.
sr. member
Activity: 448
Merit: 250
They (cex) are hashing, peta isn't.
That's the point! The most important thing now is when PETA can start hashing. Otherwise, calculation on hashing power per BTC is meaningless.
legendary
Activity: 1610
Merit: 1000
Well hello there!
Have to say that this 20% miss on power consumption guesses on the part of cointerra has me a bit worried. Hopefully this final week of tweaking/tuning can drop that down a bit.

*fingers crossed
hero member
Activity: 630
Merit: 500
They (cex) are hashing, peta isn't.
full member
Activity: 144
Merit: 100
cex.io quote:  1ghs=0.041 btc ; 

peta 2.88ghs=.049 ; ergo peta 1ghs=.017. ; Peta/cex.io=  2.41...

If i was invested in CEX.io and took PETA seriously i would substract myself from cex.io mining asap... if the bulk of cex.io traders see any sign of PETA sputtering to life the plunge will be dramatic and will resonate through the entire btc community... conversely, shares of PETA should immediately rocket to .10btc to say the least...

So granting the above numbers and reasoning above are correct, what are the reasons for the bulk of CEX.io investors being unimpressed by PETA, being that implementation and hashers start could be next week?

Not a rhetorical question.  Huh
full member
Activity: 172
Merit: 100
We should have a little pool to see who can guess the day we start hashing it out.

I guess February 17

Probably it depends how we define threshold: just starting or reaching planned 2.88 Ghs per share (3.44 if after 15/02)?
full member
Activity: 172
Merit: 100
Not that good news from Cointerra. cointerra.com/update-engineering-production-status/
It seems Terraminers consume much more power than envisioned.
newbie
Activity: 63
Merit: 0
We should have a little pool to see who can guess the day we start hashing it out.

I guess February 17
hero member
Activity: 630
Merit: 500
Antminers are massivly sold.... Thats a fact.

and they still roi and make profit.

The cubes etc are slower....
But they are the cause of the big diff changes this last two months.
I don't think cubes are the cause of that.
More like bitfury sales and that secret 'Discus Fish' pool - it's 3th biggest pool now with 13% of total network hashrate.
sr. member
Activity: 281
Merit: 250
Antminers are massivly sold.... Thats a fact.

and they still roi and make profit.


The cubes etc are slower....
But they are the cause of the big diff changes this last two months.

Yes , when coint and bitm start shipping all hell Will break lose.
Hashfast is shipping units for a week now and this weekend the production line is been prepared for highest production rate.
So next week they Will be fully ramped UP.

They were late just like all others with the exception of knc but the can produce Products  at high speed.
We are not talking about BFL that never have and Will produce anything at any speed here.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
I don't see why would you guys be afraid (just yet), there is 5 major players that you have to be looking at: Cointerra, Bitmine, Hashfast, BFL, KNC, no one of these except Hashfast, in which I am not sure is delivering any product yet, the fact that Cryptx did order from Cointerra and Bitmine means that you still stand a chance of turning out profits and this If they will be really transparent and honest with their operation.... I am really curiously watching to see how this will turn out for you.  good luck though     

Huh??


hashfast had been shipping the whole week!! Raming ip production this weekend

Don't you mis bitmaintech in you're list

Shipping antminers in the thousands x 200ghash is also a few 100's of terrahash.
Order an ant or 10 totdat and you have 2thash by the end of next week.



I know, avalons Gen2 and antiminers and ASICMiner cubes, BFL Gen1....these devices are not massively sold as you would think, only noobs are buying them, my biggest fear is from the manufacturers that I listed before....

then again, HashFast customers are the most effected here, they were waiting for these prototypes with few months of delay now, they wont see any ROI or anything near that, but except Hashfast you stand a better chance of profit than any miner out there who bought the hardware directly.


the biggest key here is If Cryptx will be good at management and will honor their promises... I am thinking about investing but I will wait till Cryptx start getting hardware, I am sure the price of the shares will go up by then but better pay a bit more and be sure than wait and watch...
sr. member
Activity: 281
Merit: 250
I don't see why would you guys be afraid (just yet), there is 5 major players that you have to be looking at: Cointerra, Bitmine, Hashfast, BFL, KNC, no one of these except Hashfast, in which I am not sure is delivering any product yet, the fact that Cryptx did order from Cointerra and Bitmine means that you still stand a chance of turning out profits and this If they will be really transparent and honest with their operation.... I am really curiously watching to see how this will turn out for you.  good luck though     

Huh??


hashfast had been shipping the whole week!! Raming ip production this weekend

Don't you mis bitmaintech in you're list

Shipping antminers in the thousands x 200ghash is also a few 100's of terrahash.
Order an ant or 10 totdat and you have 2thash by the end of next week.

legendary
Activity: 1148
Merit: 1001
things you own end up owning you
I don't see why would you guys be afraid (just yet), there is 5 major players that you have to be looking at: Cointerra, Bitmine, Hashfast, BFL, KNC, no one of these except Hashfast, in which I am not sure is delivering any product yet, the fact that Cryptx did order from Cointerra and Bitmine means that you still stand a chance of turning out profits and this If they will be really transparent and honest with their operation.... I am really curiously watching to see how this will turn out for you.  good luck though     
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