Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 240. (Read 565904 times)
It's in the contract that cryptx can do what he wants with unsold shares. We only discusing here that it's not fair to early investors to leave unsold shares at IPO price once the mine is (will be) operating.
cryptx said somewhere that he had also placed orders for the hashpower corresponding to the "unsold" shares. In my mind, that means that he has effectively bought them at IPO-time. As per the original contract, I think these shares should not enjoy dividends from the bitfury miners or capital protection (which no long exist anyway), but cryptx is free to dispose of these shares however he wants, otherwise.
The shares which are lastly referred to as 'IPO shares' have its owner and it's up to his discretion what to do with them.
Petamine contract makes it clear that the number of shares will NEVER exceed 100k. In this sense shares will not dilute in the future.
We were not talking about share dilution, but about div dilution (situation when petamine has sold new shares but still hasn't added that new hardware to mine).Petamine contract makes it clear that the number of shares will NEVER exceed 100k. In this sense shares will not dilute in the future.
IPO shares don't have owner - look at havelock, outstanding shares, IPO shares are not there.
Anyway, cointerra news, and maybe our little chat about removing IPO shares, did something - IPO wall got bitten
with 190BTC
The shares which are lastly referred to as 'IPO shares' have its owner and it's up to his discretion what to do with them.
Petamine contract makes it clear that the number of shares will NEVER exceed 100k. In this sense shares will not dilute in the future.
If the hash rate related to 1 share keeps up with difficulty is another story. According to projections by CryptX it won't, so if someone wants to preserve his dividend on constant level will have to reinvest a part of it.
IMHO what's in our best interest is that Petamine starts hashing as soon as possible.
Petamine contract makes it clear that the number of shares will NEVER exceed 100k. In this sense shares will not dilute in the future.
If the hash rate related to 1 share keeps up with difficulty is another story. According to projections by CryptX it won't, so if someone wants to preserve his dividend on constant level will have to reinvest a part of it.
IMHO what's in our best interest is that Petamine starts hashing as soon as possible.
still seems overpriced.. only getting 65% div of overpriced $$/Gh shows what the state of mining is in these days
Point here is on 'seems'@ $820/btc Petamine shares are ~ $17/GH!!
@ $820/btc CEX.io shares are ~ $36.408/GH
@ $820/btc Cloudhashing.com contracts are ~ $100/GH
Is this the cheapest non-hardware way to get involved in mining currently? Why aren't we advertising that fact to get the IPO share wall down so we can find a proper value for this stock?
@ $820/btc CEX.io shares are ~ $36.408/GH
@ $820/btc Cloudhashing.com contracts are ~ $100/GH
Is this the cheapest non-hardware way to get involved in mining currently? Why aren't we advertising that fact to get the IPO share wall down so we can find a proper value for this stock?
good point.. just wow though
still seems overpriced.. only getting 65% div of overpriced $$/Gh shows what the state of mining is in these days
Point here is on 'seems'@ $820/btc Petamine shares are ~ $17/GH!!
@ $820/btc CEX.io shares are ~ $36.408/GH
@ $820/btc Cloudhashing.com contracts are ~ $100/GH
Is this the cheapest non-hardware way to get involved in mining currently? Why aren't we advertising that fact to get the IPO share wall down so we can find a proper value for this stock?
@ $820/btc CEX.io shares are ~ $36.408/GH
@ $820/btc Cloudhashing.com contracts are ~ $100/GH
Is this the cheapest non-hardware way to get involved in mining currently? Why aren't we advertising that fact to get the IPO share wall down so we can find a proper value for this stock?
Personally, the only situation which would make me feel hard done by is if new share sales after hashing dilute our dividends. Would imagine that when people see the tasty divs coming from hashing starting they will want in.
If dividends will dilute, how about suggesting a deal whereby share price is increased, and a percentage of new share sales is added to the dividend pool?
I really think people will be all over this if the numbers are close to the projections.
For not diluting dividends, new hashing power has to be added to the mine soon after new IPO shares are sold. Probably it's not a problem for smal number of new shares, but if greater number or all are sold, minimum of 60th has to be added.If dividends will dilute, how about suggesting a deal whereby share price is increased, and a percentage of new share sales is added to the dividend pool?
I really think people will be all over this if the numbers are close to the projections.
Oh, well, maybe that's why there is second contract with bitmine.ch for additional 100th end of january (as stated on their havelock page)?
still seems overpriced.. only getting 65% div of overpriced $$/Gh shows what the state of mining is in these days
Personally, the only situation which would make me feel hard done by is if new share sales after hashing dilute our dividends. Would imagine that when people see the tasty divs coming from hashing starting they will want in.
If dividends will dilute, how about suggesting a deal whereby share price is increased, and a percentage of new share sales is added to the dividend pool?
I really think people will be all over this if the numbers are close to the projections.
If dividends will dilute, how about suggesting a deal whereby share price is increased, and a percentage of new share sales is added to the dividend pool?
I really think people will be all over this if the numbers are close to the projections.
I think that IPO shares have to be removed, or at least moved at higher price. Why? Well, for one, those that buy IPO shares now are not taking the risk of late hardware delivery, and can NOT be entitled to that 20% 'protection' (hashrate increase to 2.88). Also, it's not fair to early investors - we all could wait until now, and buy just now, with minimum risk and still at IPO price!?
If CryptX has hardware ordered from unsold shares, he can still mine with it, privately, and keep all the coins from that part of hardware.
If CryptX has hardware ordered from unsold shares, he can still mine with it, privately, and keep all the coins from that part of hardware.
I completely agree with ujka. It is not fair on the early investors that new players come in a receive the shares at below IPO cost and still be entitled to the 20% hashrate increase for receiving the units late. What do the early investors get out of this??
I second this, we took risks by investing early. I hope CryptX hears us.
Now that we are so close to start hashing, can we talk a little more about the rest of IPO shares:
There is no reason for them not to be. They are repaying themselves with the ipo, so its in their interest to keep them up.
Considering the money they had to put out upfront to get this venture going I don't see why they wouldn't just receive and install all hardware they have ordered and keep the profits from the unsold shares for themselves/reinvestment until they sell.
I think that IPO shares have to be removed, or at least moved at higher price. Why? Well, for one, those that buy IPO shares now are not taking the risk of late hardware delivery, and can NOT be entitled to that 20% 'protection' (hashrate increase to 2.88). Also, it's not fair to early investors - we all could wait until now, and buy just now, with minimum risk and still at IPO price!?
If CryptX has hardware ordered from unsold shares, he can still mine with it, privately, and keep all the coins from that part of hardware.
Does anyone know if the IPO shares will continue to be available for sale after hashing begins? Just curious, as presumably they wouldn't be able to add to the capacity without a bit of a wait?
Looking forward to getting started
Looking forward to getting started
There is no reason for them not to be. They are repaying themselves with the ipo, so its in their interest to keep them up.
Considering the money they had to put out upfront to get this venture going I don't see why they wouldn't just receive and install all hardware they have ordered and keep the profits from the unsold shares for themselves/reinvestment until they sell.
I think that IPO shares have to be removed, or at least moved at higher price. Why? Well, for one, those that buy IPO shares now are not taking the risk of late hardware delivery, and can NOT be entitled to that 20% 'protection' (hashrate increase to 2.88). Also, it's not fair to early investors - we all could wait until now, and buy just now, with minimum risk and still at IPO price!?
If CryptX has hardware ordered from unsold shares, he can still mine with it, privately, and keep all the coins from that part of hardware.
I completely agree with ujka. It is not fair on the early investors that new players come in a receive the shares at below IPO cost and still be entitled to the 20% hashrate increase for receiving the units late. What do the early investors get out of this??
Now that we are so close to start hashing, can we talk a little more about the rest of IPO shares:
There is no reason for them not to be. They are repaying themselves with the ipo, so its in their interest to keep them up.
Considering the money they had to put out upfront to get this venture going I don't see why they wouldn't just receive and install all hardware they have ordered and keep the profits from the unsold shares for themselves/reinvestment until they sell.
I think that IPO shares have to be removed, or at least moved at higher price. Why? Well, for one, those that buy IPO shares now are not taking the risk of late hardware delivery, and can NOT be entitled to that 20% 'protection' (hashrate increase to 2.88). Also, it's not fair to early investors - we all could wait until now, and buy just now, with minimum risk and still at IPO price!?
If CryptX has hardware ordered from unsold shares, he can still mine with it, privately, and keep all the coins from that part of hardware.
Does anyone know if the IPO shares will continue to be available for sale after hashing begins? Just curious, as presumably they wouldn't be able to add to the capacity without a bit of a wait?
Looking forward to getting started
Looking forward to getting started
There is no reason for them not to be. They are repaying themselves with the ipo, so its in their interest to keep them up.
Considering the money they had to put out upfront to get this venture going I don't see why they wouldn't just receive and install all hardware they have ordered and keep the profits from the unsold shares for themselves/reinvestment until they sell.
I think that IPO shares have to be removed, or at least moved at higher price. Why? Well, for one, those that buy IPO shares now are not taking the risk of late hardware delivery, and can NOT be entitled to that 20% 'protection' (hashrate increase to 2.88). Also, it's not fair to early investors - we all could wait until now, and buy just now, with minimum risk and still at IPO price!?
If CryptX has hardware ordered from unsold shares, he can still mine with it, privately, and keep all the coins from that part of hardware.
http://cointerra.com/update-prototype-testing-completed-certification-production-week/
It looks like we are a week away from hardware delivery.
Cryptx, at one point it was mentioned that you were purchasing chips and not completed units.
1) Have you already received chips as they have been ready for a couple of weeks?
2) What do you see as your time frame for having these units hashing?
Thank you for any information you are able to provide.
It looks like we are a week away from hardware delivery.
Cryptx, at one point it was mentioned that you were purchasing chips and not completed units.
1) Have you already received chips as they have been ready for a couple of weeks?
2) What do you see as your time frame for having these units hashing?
Thank you for any information you are able to provide.
We ordered fully assembled units.
About delivery times:
From Cointerra's update:
We expect to begin shipping the initial run of units at the end of this week, incrementally ramping up production for volume shipping commencing next week
Winning!
http://cointerra.com/update-prototype-testing-completed-certification-production-week/
It looks like we are a week away from hardware delivery.
Cryptx, at one point it was mentioned that you were purchasing chips and not completed units.
1) Have you already received chips as they have been ready for a couple of weeks?
2) What do you see as your time frame for having these units hashing?
Thank you for any information you are able to provide.
It looks like we are a week away from hardware delivery.
Cryptx, at one point it was mentioned that you were purchasing chips and not completed units.
1) Have you already received chips as they have been ready for a couple of weeks?
2) What do you see as your time frame for having these units hashing?
Thank you for any information you are able to provide.
We ordered fully assembled units.
About delivery times:
From Cointerra's update:
We expect to begin shipping the initial run of units at the end of this week, incrementally ramping up production for volume shipping commencing next week
We ordered fully assembled units.
About delivery times:
From Cointerra's update:
We expect to begin shipping the initial run of units at the end of this week, incrementally ramping up production for volume shipping commencing next week
About delivery times:
From Cointerra's update:
We expect to begin shipping the initial run of units at the end of this week, incrementally ramping up production for volume shipping commencing next week
That is great news, I was worried we still had to procure boards etc.
To the moon!
http://cointerra.com/update-prototype-testing-completed-certification-production-week/
It looks like we are a week away from hardware delivery.
Cryptx, at one point it was mentioned that you were purchasing chips and not completed units.
1) Have you already received chips as they have been ready for a couple of weeks?
2) What do you see as your time frame for having these units hashing?
Thank you for any information you are able to provide.
It looks like we are a week away from hardware delivery.
Cryptx, at one point it was mentioned that you were purchasing chips and not completed units.
1) Have you already received chips as they have been ready for a couple of weeks?
2) What do you see as your time frame for having these units hashing?
Thank you for any information you are able to provide.
We ordered fully assembled units.
About delivery times:
From Cointerra's update:
We expect to begin shipping the initial run of units at the end of this week, incrementally ramping up production for volume shipping commencing next week
Burnin is in a mental breakdown, hè was the one making the chips into boards and miners.
Cryptx , is the plan chips or complete systems nowadays ?
Cryptx , is the plan chips or complete systems nowadays ?
http://cointerra.com/update-prototype-testing-completed-certification-production-week/
It looks like we are a week away from hardware delivery.
Cryptx, at one point it was mentioned that you were purchasing chips and not completed units.
1) Have you already received chips as they have been ready for a couple of weeks?
2) What do you see as your time frame for having these units hashing?
Thank you for any information you are able to provide.
It looks like we are a week away from hardware delivery.
Cryptx, at one point it was mentioned that you were purchasing chips and not completed units.
1) Have you already received chips as they have been ready for a couple of weeks?
2) What do you see as your time frame for having these units hashing?
Thank you for any information you are able to provide.
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Not at 120ghash... Dividend weekly payout 0.0000001btc per share ;(
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