Cointerra is now more then a month late with hardware (december order), bitmine is also late (january orders).
They are still tweaking their hardware and are not in production jet. Cointera said production starts next week and we are in first batch. Not sure how is with bitmine.
Those are two manufacturers cryptx has ordered hardware from. Both are late.
I'm not comfortable with this, too. Sold half. If mining starts soon, there is still that IPO wall to buy-in.
Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 239. (Read 565837 times)
I confess to having owned and then sold and then jumped in a bit more... and then sold... was intuitively gaging my comfort zone of exposure to the risk of a company that doesn't have much to say when it does not meet its own deadlines. i lost about 200 millibitcoins in the process. 
I have a calendar for getting out once again if "Early january" becomes ...Hmmm. "Early 2014"?
According to their own non-updated blurb in Havelock they would be getting more hashpower from other manufacturers around today. Perhaps we are dealing with a Buehler personality here.
I have a calendar for getting out once again if "Early january" becomes ...Hmmm. "Early 2014"?
According to their own non-updated blurb in Havelock they would be getting more hashpower from other manufacturers around today. Perhaps we are dealing with a Buehler personality here.
I guess the "worst case" in the spreadsheet wasn't really the worst case.
That was me adding shares just below IPO. I was just taking a smaller position. I still have 2/3 of my original amount and wasn't acting out of any insider knowledge or anything sinister. I'm not going anywhere.
is you who keeps sneaking in 700 shares?
No, I'm done selling. Those 700 share walls are not me, but I'm not worried about them. As soon as we start mining the IPO wall will fall.
im excited about this as well as a few other securities in the space right now. happy to see the upturn of the crypto-security markets. this, compared to the current cloud mining rates, is a pretty decent deal if they start hashing asap.
That was me adding shares just below IPO. I was just taking a smaller position. I still have 2/3 of my original amount and wasn't acting out of any insider knowledge or anything sinister. I'm not going anywhere.
'There you go scaring everyone lol
Any guesstimates: If mining started on February 1 and the additional power was added as expected in a month or so, what amount of dividends are we looking at by the time mining is finished relative to the .05 per share?
Just download their projection spreadsheet, and modify/correct some values to see some expectations for a year:https://docs.google.com/spreadsheet/ccc?key=0AjI5bgsiFJAidFdzOTk1aXl6cS1zNG1nck5OZjRBeXc&usp=drive_web#gid=0
And it's a perpetual mine, so no 'mining finished' date.
That was me adding shares just below IPO. I was just taking a smaller position. I still have 2/3 of my original amount and wasn't acting out of any insider knowledge or anything sinister. I'm not going anywhere.
Someone is dumping a lot of shares right below the block of leftover IPO shares under 0.05btc. I've been watching the trade history for a while and it seems that anytime a bunch of shares are purchased and take out the ask orders below the IPO block, someone comes in and places more for sale. Makes me a bit nervous because I've seen thousands of shares sell like that, so someone really want's to get out of a fairly sizable position. So I get that Cointerra should start shipping this week, but does anyone have insight about their other supplier delivery dates? Beginning to wonder why the big money got scared all of a sudden and If I should sit on the sidelines for a bit.
Theres nothing to worry about, people cash out all the time we dont know exactly why but it could be anything
Someone is dumping a lot of shares right below the block of leftover IPO shares under 0.05btc. I've been watching the trade history for a while and it seems that anytime a bunch of shares are purchased and take out the ask orders below the IPO block, someone comes in and places more for sale. Makes me a bit nervous because I've seen thousands of shares sell like that, so someone really want's to get out of a fairly sizable position. So I get that Cointerra should start shipping this week, but does anyone have insight about their other supplier delivery dates? Beginning to wonder why the big money got scared all of a sudden and If I should sit on the sidelines for a bit.
ok it seems that I went out of subject so my posts were deleted, sorry and I wish you best of luck...
so guys I have some questions:
- now they sold around 64K share right ? what about the rest of the shares?
- will they be selling more shares anytime soon ?
- any ETA about when the operation is coming online ?
- what guaranties the investors have on these guys?
- what if it will be a fail as the previous bitburner operation ?
I am thinking about buying some shares, but I am a doubtful about these guys here...
- now they sold around 64K share right ? what about the rest of the shares?
- will they be selling more shares anytime soon ?
- any ETA about when the operation is coming online ?
- what guaranties the investors have on these guys?
- what if it will be a fail as the previous bitburner operation ?
I am thinking about buying some shares, but I am a doubtful about these guys here...
The remaining shares are already for sale on Havelock. No more shares will be issued.
It will be online as soon as they have hardware. CoinTerra is promising shipping within the week.
Cryptx and Peta-Mine have past proven performance, paying out dividends of ~15% of IPO value last fall. While that's not a guarantee of future performance, it's a good sign.
The Bitburner Fury based mine was not a failure. Why do you say that? It paid great dividends, then the hardware was sold in order to radically increase the hardware investment in the next (upcoming) wave.
so guys I have some questions:
- now they sold around 64K share right ? what about the rest of the shares?
- will they be selling more shares anytime soon ?
- any ETA about when the operation is coming online ?
- what guaranties the investors have on these guys?
- what if it will be a fail as the previous bitburner operation ?
I am thinking about buying some shares, but I am a doubtful about these guys here...
They sold about 80k shares. The rest is still for sale on havelock at the same IPO price. And there are some shareholders selling below that, also.- now they sold around 64K share right ? what about the rest of the shares?
- will they be selling more shares anytime soon ?
- any ETA about when the operation is coming online ?
- what guaranties the investors have on these guys?
- what if it will be a fail as the previous bitburner operation ?
I am thinking about buying some shares, but I am a doubtful about these guys here...
ETA - when cointerra and bitmine deliver hardware. Cointerra batch 1, bitmine early january.
yes, I know, we are past that.Guaranties? In bitcoin bussiness?
Bitburner fury boards? What was wrong with that operation? We got 1000 btc in dividends from that boards. Then they sold all chips and boards and moved to cointerra and bitmine (preorder, unfortunately) hardware.
Any guesstimates: If mining started on February 1 and the additional power was added as expected in a month or so, what amount of dividends are we looking at by the time mining is finished relative to the .05 per share?
Just download their projection spreadsheet, and modify/correct some values to see some expectations for a year:https://docs.google.com/spreadsheet/ccc?key=0AjI5bgsiFJAidFdzOTk1aXl6cS1zNG1nck5OZjRBeXc&usp=drive_web#gid=0
And it's a perpetual mine, so no 'mining finished' date.
Any guesstimates: If mining started on February 1 and the additional power was added as expected in a month or so, what amount of dividends are we looking at by the time mining is finished relative to the .05 per share?
Came partly through both contracts and effectively there is an important difference when comes to the rules concerning selling of additional shares. But it seems that the change was voted by shareholders - CryptX update from 04/12/2013 on current thread.
Havelock's post brings up an interesting point.
"Prior to the offering, no public market existed for these units."
PETAMINE existed on BTCT, before moving to Cryptostocks and followed by Havelock. The BTCT IPO started with a certain prospectus which became the contract. This contract was modified through a shareholder vote, and the text of the original and modified contract are archived in https://bitcointalksearch.org/topic/m.3339035.
If there are substantive changes in the contract which had not been put to the vote, should they be valid?
"Prior to the offering, no public market existed for these units."
PETAMINE existed on BTCT, before moving to Cryptostocks and followed by Havelock. The BTCT IPO started with a certain prospectus which became the contract. This contract was modified through a shareholder vote, and the text of the original and modified contract are archived in https://bitcointalksearch.org/topic/m.3339035.
If there are substantive changes in the contract which had not been put to the vote, should they be valid?
If cointerra is this close to shipping, you would think Petamine would know as they're investor in the company. I bet the shares from the IPO would sell in a heartbeat if we could get a solid start date.
Oh well lets see how this turns out. I think its time to gather investors into my GPU mining farm and extend the living hell out of it. I wonder if I can get an IPO up and running instead of renting all my miners out I can invest in more and more seeing that I have access to everything I need, I think it can be very successful.
Havelock... You got mail!
Havelock... You got mail!
From the Prospectus on Havelock
https://www.havelockinvestments.com/reportdownload.php?id=48
"4. THE IPO
Currently 63,496 units out of 100,000 units are outstanding. 36,504 Shares will be offered in the IPO on havelockinvestments.com At a fixed price of 0.05 BTC between December 9th – 16th, 2013 These 36,504 Units will add another 2.4 GH/s per Unit to the existing contract of 150 TH/s for a maximum total hashing power of 240 TH/s.
The funds will be used to extend PETA-MINE to a total hashing power of 240 TH/s and to provide the ability to close and make down payments for deals for future deployment of mining equipment."
As of Today January 21,2014 there are 19,763 units left for the total offering of 100,000 units. Any funds raised by Cryptx will be used to extend the total hashing power of PETA.
Havelock Investments
https://www.havelockinvestments.com/reportdownload.php?id=48
"4. THE IPO
Currently 63,496 units out of 100,000 units are outstanding. 36,504 Shares will be offered in the IPO on havelockinvestments.com At a fixed price of 0.05 BTC between December 9th – 16th, 2013 These 36,504 Units will add another 2.4 GH/s per Unit to the existing contract of 150 TH/s for a maximum total hashing power of 240 TH/s.
The funds will be used to extend PETA-MINE to a total hashing power of 240 TH/s and to provide the ability to close and make down payments for deals for future deployment of mining equipment."
As of Today January 21,2014 there are 19,763 units left for the total offering of 100,000 units. Any funds raised by Cryptx will be used to extend the total hashing power of PETA.
Havelock Investments
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