[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 242.

Morguk

hero member

Activity: 595

Merit: 506

Quote from: cryptx on January 14, 2014, 04:25:46 PM

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

Excellent, thanks for the update!

realrover

full member

Activity: 196

Merit: 100

Quote from: cryptx on January 14, 2014, 04:25:46 PM

We'll keep you posted.

Thank you, guys. This is the key for having loyal shareholders nowadays.

cryptx

sr. member

Activity: 350

Merit: 250

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

spartan82

hero member

Activity: 658

Merit: 500

Quote from: Morguk on January 14, 2014, 03:05:32 PM

Quote from: nwfella on January 14, 2014, 02:41:42 PM

I'm getting a bad feeling about this.

Me too. I was going to buy more shares but with the lack of replies recently I'm getting a bit concerned...

Stressful times.. Now it's sell or not sell. I myself won't be buying anything without some sort of update

Morguk

hero member

Activity: 595

Merit: 506

Quote from: nwfella on January 14, 2014, 02:41:42 PM

I'm getting a bad feeling about this.

Me too. I was going to buy more shares but with the lack of replies recently I'm getting a bit concerned...

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

I'm getting a bad feeling about this.

EdoBcn

sr. member

Activity: 241

Merit: 250

It's a pity we don't have the /u/summon function on bitcointalk (like in Reddit)...
Even with no news to give us, I expected havelock or cryptix to at least say something and confirm they are still alive Sad

spartan82

hero member

Activity: 658

Merit: 500

soooooooo anyone know where cryptx is? how bout an update??

zevtiefenbach

newbie

Activity: 59

Merit: 0

Looking at this, it seems like the valuations are pretty good for a miner.

I think it might make sense, once hashing starts, for Cryptx to assume control of all the IPO shares and pull them from the market until the price rises a bit. I have a feeling that once the equipment arrives and the mining operation is on-line there will be a lot of demand for the shares and without the enormous IPO wall at .05 the shares will find a comfortable evaluation a fair bit higher. at that time Cryptx can slowly unload shares at a profit. . .

or, PETAMINE itself could potentially buy-back those shares from Cryptx out of some of the reinvestment funds. . .

in any case, removing the IPO shares from the market will probably lead to a nice run in share price in the next few weeks.

currencydebt

newbie

Activity: 63

Merit: 0

This is going to be great when it goes off, those remaining shares will be gone overnight.

Is there still a 20% added mining compensation for starting late, and on what date does that come into play or is it roughly middle of the month?

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: rolo on January 10, 2014, 12:43:50 PM

Makes sense, thanks. I thought the size of the farm would be dependent on shares sold.

I'm not calling shenanigans, feeling positive about the way the stock's been carried so far, just wondering as I'd expect there's more likely to be people wanting to get in one hashing and divs commence.

I thought the same thing, until I read that the IPO was to recover funds they put on the line for the farm. And I at least didn't read shenanigans from your post. You asked a question and those of us with some experience/knowledge of financial markets answered.

rolo

newbie

Activity: 9

Merit: 0

Makes sense, thanks. I thought the size of the farm would be dependent on shares sold.

I'm not calling shenanigans, feeling positive about the way the stock's been carried so far, just wondering as I'd expect there's more likely to be people wanting to get in one hashing and divs commence.

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: rdyoung on January 10, 2014, 09:33:39 AM

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.

This seems like the only likely outcome. Cryptx, by fronting the money for the hardware purchase has definitely earned the right to hash with the equipment not yet purchased via the IPO.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: rolo on January 10, 2014, 08:31:55 AM

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

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.

rolo

newbie

Activity: 9

Merit: 0

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

spartan82

hero member

Activity: 658

Merit: 500

Quote from: Wayne_Chang on January 10, 2014, 03:08:34 AM

Quote from: dhenson on January 10, 2014, 02:25:43 AM

@ $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?

Problem is both CEX.io and Cloudhashing are hashing now. At the same time, we do not know when PETA Mine will start hashing till this moment.

Regardless of that I highly doubt that the costs will halve over the next couple of weeks and if petamine don't have their miners in January then there will be compensation so I still think that petamine shares are pretty cheap in comparison.

Wayne_Chang

sr. member

Activity: 448

Merit: 250

Quote from: dhenson on January 10, 2014, 02:25:43 AM

@ $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?

Problem is both CEX.io and Cloudhashing are hashing now. At the same time, we do not know when PETA Mine will start hashing till this moment.

dhenson

legendary

Activity: 994

Merit: 1000

@ $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?

spartan82

hero member

Activity: 658

Merit: 500

Quote from: ujka on January 08, 2014, 10:28:00 AM

Quote from: frito on January 08, 2014, 08:47:21 AM

Quote from: dhenson on January 06, 2014, 04:38:39 PM

It's electricity and hosting.

Dont u think 30ish euro cents per Watt of eq. Is not an overkill for hosting? Just saying...

per kWatt.

How much did KnC charge for 6 months of hosting for their Jupiter miners? $2100? (https://bitcointalksearch.org/topic/m.2707082)

Jupiter, is that 0.6 kW/H ?

0.6 * 24 * 30 * 6 = 2592 kW
$2100 / 2592 kW = 0.81 $/kW

Isn't that overkill ?

Absolutely. I for one believe cryptx's electricity and hosting fees are quite reasonable. Our main focus would be when are we getting online. I think I speak for all here when I say we'd love to hear an update to hear everything's in place for our operation to start on "xxxx" date..

EdoBcn

sr. member

Activity: 241

Merit: 250

Is there any update on delivery and start of mining?

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 242. (Read 565837 times)