Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 246. (Read 565837 times)

Thank you PETA Unit Holders,

We are glad to have you as part of our Funds as well.

Happy Holidays,

Havelock Investments

I'm looking forward to this starting and getting some healthy dividends

I'm very happy with the move to Havelock so far. We're trading just a hair under the .05 BTC IPO-part-two price, and the spread between bids and asks is nominal. On Cryptostocks, we were trading at a lower price and the gap was huge. This feels much healthier.

Now we just need our second wave of hardware.

Ok, I'll try to read that again and hopefully understand it better

CryptX explained that earlier - they put their money (btc) in when signing contract with Bitmine.
That IPO was to get that 'loan' back from new shares sold.
https://bitcointalksearch.org/topic/m.3849622

What will be the impact of the USD/BTC price. Have you already converted BTC collected with the IPO into fiat, and if not, when do you plan to do it ?

Also, I guess when the mining will start, you'll convert the 35% reinvest share of the mined BTC every week, am I right ? Or do you plan to adjust the reinvest proportion if the BTC price in USD goes substantially under 500$ ? Or to hoard this proportion waiting for better days ?

Last question, I happen to live near you, is it possible to visit you once the mine is active, just out of curiosity ?

ok cool thanks for clarifying that guys

Correct! So far 69,149 shares are sold, so the mine will start with a hashrate of ~166 TH/s.

It's 2.4gh/share regardless of how many are sold.

so let me get this straight... each share, had the original 36,504 shares on havelock been sold, at 0.05BTC, represents 2.4ghs mining power. not until mid january ofcourse. since those shares are left unsold, what mining power does each share scale down to now? and what are the plans of upping the hashrate, and at what cost to the shareholders? has this not been planned out yet, or am i missing something?

 there was a 10:1 split at 0.65 but originally 100k shares planned, with price increase every 2k this is first batch of 10k meaning only sold ~6,900 out if 100,000 and price has lowered instead of increase




if you are thinking at share price only it can be a loss, but it's more of a loss to whoever is selling so early before any mining (assuming they did not buy at low price when there was a couple of opportunities). issuer has put up delayed IPO sell wall ensuring any investor who wants to offload their shares must do for less than 0.05. 23% divs have been paid meaning nobody is at a 'loss' from buying at 0.065 but they kind of wasted their time investing so far. how could anybody be sure cryptx won't offload them at 0.04 or 0.03 in next months?

initially there was a guarantee to pay back 0.65 with in hand, proven bitfury hardware (not vaporware products) this went out the window on shareholder vote to fund increase in hashrate, although since bitfury hw would never pay back 0.065 not much that can be said, 1-2.4gh per share is the better option so nobody complains.. early shareholders got biggest bunch of divs withhold from hw sales, which has funded the GH/s increase for next buyers but again since this was listed as cryptx private contribution from own pocket & outside of scope of real mine deployment nobody can say anything. technically nothing has started and everyone is at 0 regardless of when you invested

really only reason you would invest is looking at the revenue forecast and assuming you'll generate more btc than you put in, if everything on track certainly indicates this will be the case, but it's not reality. historically investing in bitcoin securities on havelock is easiest way to turn lots of btc into little btc, we can see if it's true for petamine

Coolness.  Did the (sale + mining) > (original price + overheads)?
Hope you guys get lucky with the delivery dates.

It was operational for two months five weeks (when on cryptostocks), with bitfury hardware (around 15Th/s). 1000 btc paid in divs. Then we sold all the boards to buy cointerra and bitmine (28nm) hardware (december and january batch). And hoping for early delivery.

Plenty below 30688 @ 0.05   BTW, not following this -- how did you get 23% in dividends if the mine isn't operational yet?

To buy at a lower price?

Yeah, I guess you could call it a "loss" if you sell it before the mining starts at a price lower than your purchase price. But why would you..?

Im not trading. Im not looking to profit by selling shares. We get divs from mining, at the end (mine not profitable any more), shares will be worth 0.0!

That "wall" at 0.05 are remaining shares not sold yet. For each that share sold, CryptX has to install additional hashing power.

The ipo is finished.

I do.  You're trading below IPO, and, on the off-chance the price ever climbs to IPO, there's a lulzy wall 30688/30688   ฿0.05000000   ฿1534.4000
How is it you don't see a loss?

I dont think they are selling at a loss now - many bougth cheep shares on btc-tc panic sale on closing. I got few :-)