CryptX correct me if i'm wrong,
until mid december, CryptX is mining with the free 20TH/s, whitch are 13.73 Th/s in reality (following Eligius Pool Statistics).
Until now, 63,496 shares were sold. so until mid december every share represent (13.73 Th/s)/63,496 so more or less 0,216 Gh/s by Share. Every friday, you take the weekly BTC mined, you substract your cost and you distribute the dividende entirely. There is no 35% reinvestment, it will come with the december deployement.
Thank you for your interest.
The free extra mining equipment was around 16 TH/s, but we sold a part of the hardware and paid the revenue in dividends. We also paid an extra 200 BTC in our first dividend as compensation for the difference between 16 and 20 TH/s. On top of that, we have charged 0$ in costs (no electricity, no maintenance, no labor, etc). Up till now, we have not reserved any mining income for reinvestment purposes.
By Mid december, you will add 1Gh/s by share, on this 1Gh/s you will redistribute 65% in dividend and reinvest 35% in hardware mining, you will still maintain the 20% free with a 100% dividend until the 0,065 btc by share is paid back.
Correct
2 questions :
what are your cost more or less? 5% of the mining income? 3%?
what will be the effect of the 35% reinvestment, on the mining hashrate by share (more or less)? will the hashrate by share increase by 35% monthly ? i hope you will be transparent with those 35%.
Our costs are kept to a minimum, due to the fact we have our own datacenter space.
The 35% reinvestment will be used to make whole sale deals. It is impossible to say in which way this will affect the hashrate of the PETA-MINE, because this depends on three unknowns: The BTC/USD rate, the hashrate of the network and the hardware prices. We have a very good relationship with Cointerra, but we are free to seek out the best deals available in the market.
about that)
