Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 32. (Read 565829 times)

https://www.betmoose.com/bet/petamine-will-implement-p2pool-after-august-16th-619

I guess there's nothing new to report...

Yesterday we didn't receive the weekly update. Why?

did some quick back of the napkin calculations: Still half a sleep so triple checking advised.. do own due diligence bla bla..

max mean diff increases over the course of the operations life that could be sustained to yield a positive ROI (over current 1 day VWAP)

With 0.25 KwH fees, max mean diff increase is ≤11%

With 0.20 KwH fees, max mean diff increase is ≤13%

With 0.15 KwH fees, max mean diff increase is ≤15%

With 0.10 KwH fees, max mean diff increase is ≤19%

Assumptions
* Static btc/USD exchange rate
* hardware liquidation at a rate of 0.30 USD/ GH

Breakeven dates (from current 1 day VWAP) + average final earnings per share

Using 10% per diff adjustment
-----------------------
0.25 kWh: 207 days --  avg total at end 0.0030
0.20 kWh: 160 days --  avg total at end  0.003387
0.15 kWh: 160 days --  avg total at end  0.003918
0.10 kWH: 108 days  -- avg total at end 0.00455

Using 7% per diff adjustment
-----------------------
0.25 kWh: 132 days --  avg total at end 0.00395
0.20 kWh: 110 days --  avg total at end  0.00460
0.15 kWh: 98 days --  avg total at end  0.005365
0.10 kWH: 86 days  -- avg total at end 0.00627

Again, same assumptions as before.. simple to avoid too many variables (if BTC/USD rises, proportional expenditure on fee's goes down.. but then also interest towards mining goes up, and this also affects prices of hardware)

So in short, assuming no changes to existing operation in pipeline; As an exist or prospecting shareholder; it makes sense to purchase/keep hold of shares till windup if you believe the following condition met 1) difficulty remains below average of ~11% AND/OR cryptx lowers management fees, which would serve to allow a greater margin for diff increases & lengthen the time the operation can continue running profitably for- Of course that last decision is in cryptx's hands.

New daily dividend, the highest of the week @ 0.00002200, brings this week to almost BTC0.0019 when compared to oldShares.

https://i.imgur.com/UFIPreB.jpg?1

Accusing me of having a hidden agenda, while actually it wasnt me, but you that had a hidden agenda, doesnt qualify according to your dictionary?


Far from. NAV of a mining share like PETA is solely based on future dividends. Share price was always going to approach zero at some point, the only question was how long it would take and how much divs would be paid out before it happened. Either future dividends would be (far) below share price, which is the point I proved over and over, in which case, peta was a bad long term investment. Or I was wrong as you claimed and then future divs would match or exceed share price, in which case, a smart investor would hold on to his shares even if the price tanked. In fact, he would buy more.

You tried to ridicule my assumptions and math, questioned my motives and integrity, in reality its clear you actually agreed with the numbers and were not investing long term, just trying to flip some shares at a profit to a bigger fool, cex.io style. Hence, you are the hypocrite who was trying to mislead other investors. And the fool for having lost however much you lost.

I think you may need to look up the definition of the term 'hypocrite'.  In your example, I myself would have to be using multiple accounts in order to qualify as one.

I was a long term investor having purchased on day one, your statement about holding for divs when the stock is cratering is just stupid.  Obviously when investing in a security like this, the stock price + divs are both a factor.  If the stock price is tanking without any bid pressure or positive outlook, it obviously doesn't make sense to hold. 

Your statement doesn't even make sense.

No I am saying you are a hypocrite. You claim I post with a hidden agenda, when its clear to anyone I could not possibly have one, since you cant short PETA. You claim I post with several accounts, when I only have one, and dont see any point in using more.

OTOH, you clearly did have a hidden agenda and a double tongue. You claimed to be a long term investor, in reality the reason you wanted me to shut up and you posted FUD about me, is so you could sell your shares before the ship sunk completely. Having me opening other people's eyes is not what you wanted.

BTW, a long term investor would be after dividends, and not care about a 75% drop.  If you really believed it be a sound investment, you'd have bought more, instead of dumping.

/yawn

You say 'Long Term Investor' like it's some kind of slam.  I believed in the project and invested the first day shares were offered on btct, when I saw them make changes that I didn't agree with, I said so and sold my shares.  Are you saying that I should have held through the 75% drop?

Yeah why would I? DIdnt you just say a few days ago,  I got all my peta orders filled, so why would I try to talk the price down then?
I already told you I only use one single account, but if you are going to spread lies about me, at least try to be consistent mr "Long Term investor".

While I agree they should update us on how much dvc/ixc/nmc they have sitting in the account, dvc and ixc are such a small % bonus on top of btc that its likely better that they convert those on a monthly basis if not less often.
The amount of DVC and BTC mined by 1150ths.
Monthly 408196.2366 0.0490

@dhenson:  



Take ur meds or no shiny new tinfoil hat 4U

As far as I'm aware they are indeed still mining priarily at ghash.io which means there are nmc, ixc, and dvc which have yet to be accounted for.  I've been asking for such an accounting for weeks now but thus far hasn't been addressed so far as I'm aware :/

Puppet, why are you using this account to post on peta? Did you get your threads mixed up?

does the daily divdend include namecoin  , are they still mining that

New hardware will only be added through a new PO, which will hopefully happen alongside the transition to P2Pool. This way PetaMine can offer P2Pool hashrate at a far better price than cex.io offers ghash.io hashrate.

The same as other cloud hashing providers. Its in their interest to keep the mine profitable, that means that when faster/more efficient hardware is available they swap out the existing hardware, any excess hashrate from new hardware could either be added to current dividends or sold as a PO.

Oh, sorry, should have recognised your name.  It's pretty simple:

When you buy a share during a public offering (IPO), most of the money goes to the issuer (cryptx).  Think of it as buying a car (share) through a broker who charges a small comission for his services (Havelock) from General Motors (cryptx).

When you eventually sell your GM car (share), GM (cryptx) makes no money from the sale.

Hope this helps, have fun.

You're probably right, I'm pretty new to these kind of things and I fully admit it.
As I said in the last page, I only did an experiment buying 1 oldShare and adding a couple newShares after the split, I don't plan to keep them for the long run.