Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 257. (Read 565837 times)

From our first post ;-) :

"With the closure of BTC-TC our project will continue its listing on Crypto:stocks (www.cryptostocks.com)."

so where do we buy shares in the petamine now?

That brings us up to 14.17% already paid back in the first 3 dividends.  With the upcoming ~28.67% dividend with the sale of the blades (assuming 3.4btc/blade) we will have received almost 43% before the Cointerra devices even arrive.

Definitively satisfied with this investment thus far.

Dividend received of 0.00212611 BTC/share, or 3.27% of IPO price. Great work!

We had no intention to communicate through forum posts about internal affairs.

We did not receive an answer by Burnin in days about this matter and now we are held responsible for undelivered promises by Burnin through a forum post.
We are very dissapointed about this to say the least.

Great!
Considering an investment in PETA-MINE. But in the meantime, could you explain THIS.

THIRD DIVIDEND due in a few hours!

PETAMINE hardware sales consist of 350 BitBurner Fury boards.

At current rate (~3.4 BTC) this would yield a total of ~1190 BTC

BTC3.4125 (around 500EUR)

What was the final average price ?

As far as I can see it is FAR below 600EUR!

Vote request:
"Do you agree with a one time dividend of a hardware sale of our current mining equipement?"

Result of the vote

YES/NO   57874/1624   

FAST AUCTION of 8 Bitburner Fury boards

Shipping tomorrow

https://bitcointalksearch.org/topic/fast-auction-8-bitburner-fury-boards-50-ghs-in-hand-321331

This was included in the first dividend of 300 BTC (paid on Oct 18th).

Changing topics.  If 100% of the proceed's go to shareholders (of the 20TH) why was 110 bitcoin withheld from the dividend payment last Friday?  Will that be paid out?

Ok I did the math myself and came up with cumulative 850ish(starting today) BTC PM profit(if 100% goes to the shareholders).

So provided that PM remains only at 16TH/s (not 20TH/s as promised) and provided the cards sell at 600EUR (no less) then it is better if they start selling.

The selling price will be determined tommorow or day after. (if hardware sale is chosen of course)
and we will only sell at prices which benefits the general revenue of the PETAMINE

I think we should compare units that can be sold and delivered now.

Cryptx,

Could you please verify at what price you would be selling?  The site specifies 599 (euro?), that is roughly 16.46 USD/GH assuming 50GH/Board.

I think people are assuming that you will sell lower than that.  My assumption is that you are not lowering the price and are simply selling @ the above price.

It would also help to know if you have existing demand at that price.

Bitfury competition:


http://www.blackarrowsoftware.com/
36GH at 749$: 20.80$/GH

www.bitfurystrikesback.com
Do not sell units any more

https://megabigpower.com/shop
400GH at 8000$:  20$/GH

http://www.minersource.net/mining-hardware
delivery now:
41.7GH at 4BTC : 19.18$/GH

http://drillbitsystem.com/order.html
21.7GH at 2BTC : 18.43$/GH

Pls add competition that I'm forgetting

Now that I'm not on my phone I can hopefully explain my reasoning a bit better.

First let's assume we agree that MORE bitcoin is better than LESS bitcoin. Without this assumption, there isn't much point in me continuing so I'll just chalk that one up to being self evident and move on. 

Let's also assume that the price point at which we will be selling these blades is higher than the amount of bitcoin that could conceivably be mined by said blades.  Otherwise it wouldn't make any sense whatsoever to sell the blades.  If overzealous people want to pay too much for 50GH blades, then that is good for us.

It is pointless to argue about the price of the blade being excessive.  Either people will buy them at the price he has indirectly asserted or they won't.  At no point did he say he will lower his price to meet demand.  This will lead to one of three possible out comes...

  1) All hardware sells in which case we all receive a nice 20-25% dividend, as we would be selling for more than the device could possibly mine in a realistic time frame then this option means more bitcoin for you and me.

  2) Some hardware sells and the remaining continues to keep hashing.  This is a better option than simply mining as the portion that sells will return a higher dividend than simply by mining.

  3) No hardware sells = status quo, no change.

How again is this in any way a bad move for investors?