[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 33.

IPO Magic

full member

Activity: 138

Merit: 100

Quote from: tragor on July 17, 2014, 06:32:20 AM

... now users can decide how much they want to reinvest… by buying new shares.

Are you "reinvesting" half of your divs into sharez? If so, are you buying those "shares" on Havelock?

...wait for it....

...how is your buying shares from other "investors" going to add any money to the (now nonexistent) reinvestment fund?

tragor

newbie

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Quote from: ovdsm on July 17, 2014, 05:12:32 AM

please advise if I get it correct how everything goes now - as there is no reinvestment into the equipment, PETA is getting more and more behind the difficulty. as a result, dividends are to decrease towards zero, until hosting fees will exceed the income.
as I get it, share price must crash at some point right before this happens.
how else can I see it apart from it will be and end of PETA?

if they do nothing at all it's going to be the end, yes.
But I believe they never said they stopped all future upgrades, they only said they're no longer forcing all users to give 50% towards those upgrades. Basically what I got from the whole thing (it might be wrong) is that now users can decide how much they want to reinvest… by buying new shares. If everyone reinvests 0% of dividends then the whole thing stops.
On the other hand, they could decide to buy new hardware since the previous debt has been resolved, or start producing in-house hardware.
Basically if PETA dies it's bad for shareholders but it's also bad for CryptX, so someone at some point should do something.

Regarding today's dividends, they brought the expected weekly/oldShare dividend up to 0.00185596, which isn't too bad.

Swordsoffreedom

legendary

Activity: 2884

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Leading Crypto Sports Betting & Casino Platform

Quote from: ovdsm on July 17, 2014, 05:12:32 AM

please advise if I get it correct how everything goes now - as there is no reinvestment into the equipment, PETA is getting more and more behind the difficulty. as a result, dividends are to decrease towards zero, until hosting fees will exceed the income.

as I get it, share price must crash at some point right before this happens.

how else can I see it apart from it will be and end of PETA?

It will keep decreasing until the yield matches the expected network growth
That said peta is dynamic if they decide to reinvest at a later time it could easily impact the return.

crino

member

Activity: 82

Merit: 10

0.00002186 BTC/share today. Biggest dividend since daily payment.

ovdsm

newbie

Activity: 27

Merit: 0

please advise if I get it correct how everything goes now - as there is no reinvestment into the equipment, PETA is getting more and more behind the difficulty. as a result, dividends are to decrease towards zero, until hosting fees will exceed the income.

as I get it, share price must crash at some point right before this happens.

how else can I see it apart from it will be and end of PETA?

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: tragor on July 16, 2014, 12:54:04 PM

Quote from: rdyoung on July 16, 2014, 11:58:51 AM

Its also time for cryptx to get their machines pointed at p2pool, 7day luck/141.4% 30 day luck/131.9% 90 day luck/106.2% p2pool.info
P2pool is finally back on the right side of the earnings variance. We are missing out on quite a bit of earnings atm. Did someone email cryptx how to get the bitfury hardware working on p2pool? Wasn't it a pretty simple fix?

They must know about it by now. I'm guessing they want to be 100% sure about that fix before moving.
But yea, they should at least give everybody an update on the matter.

Maybe we should start a survey on survey monkey asking them to finally update us to p2pool.

nwfella

legendary

Activity: 1610

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Well hello there!

Quote from: tragor on July 16, 2014, 12:54:04 PM

Quote from: rdyoung on July 16, 2014, 11:58:51 AM

Its also time for cryptx to get their machines pointed at p2pool, 7day luck/141.4% 30 day luck/131.9% 90 day luck/106.2% p2pool.info
P2pool is finally back on the right side of the earnings variance. We are missing out on quite a bit of earnings atm. Did someone email cryptx how to get the bitfury hardware working on p2pool? Wasn't it a pretty simple fix?

They must know about it by now. I'm guessing they want to be 100% sure about that fix before moving.
But yea, they should at least give everybody an update on the matter.

Agreed. For chrissakes cryptx, just take a single freakin unit and verify the p2pool fix will work will ya?

*Also, what's the deal with all the IXC, DVC, and NMC that has been mined at ghash.io for these past several months? Where those coins converted to BTC and reflected in dividends paid out or are they just sitting there on your ghash.io wallets?

tragor

newbie

Activity: 36

Merit: 0

Quote from: rdyoung on July 16, 2014, 11:58:51 AM

Its also time for cryptx to get their machines pointed at p2pool, 7day luck/141.4% 30 day luck/131.9% 90 day luck/106.2% p2pool.info
P2pool is finally back on the right side of the earnings variance. We are missing out on quite a bit of earnings atm. Did someone email cryptx how to get the bitfury hardware working on p2pool? Wasn't it a pretty simple fix?

They must know about it by now. I'm guessing they want to be 100% sure about that fix before moving.
But yea, they should at least give everybody an update on the matter.

_biO_

full member

Activity: 174

Merit: 102

An update on P2POOL is definitely overdue.

rdyoung

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Quote from: runam0k on July 16, 2014, 11:50:11 AM

Quote from: nwfella on July 16, 2014, 11:34:47 AM

Well on our road to zero that's for sure. Only going to get worse from here sadly.

Divs will obviously go down, since we are not reinvesting, but since we started with the daily divs, it has been:

2014-07-16 0.00001979
2014-07-15 0.00001684
2014-07-14 0.00002086
2014-07-13 0.00001704
2014-07-12 0.00001724

So today is up from yesterday and the 2nd highest div for 5 days.

Not quite sure why they went with the daily divs instead of the split with weekly payouts. It would have been easier on whoever is doing the accounting and the divs wouldn't be all over the place.

Its also time for cryptx to get their machines pointed at p2pool, 7day luck/141.4% 30 day luck/131.9% 90 day luck/106.2% p2pool.info
P2pool is finally back on the right side of the earnings variance. We are missing out on quite a bit of earnings atm. Did someone email cryptx how to get the bitfury hardware working on p2pool? Wasn't it a pretty simple fix?

runam0k

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Touchdown

Quote from: nwfella on July 16, 2014, 11:34:47 AM

Well on our road to zero that's for sure. Only going to get worse from here sadly.

Divs will obviously go down, since we are not reinvesting, but since we started with the daily divs, it has been:

2014-07-16 0.00001979
2014-07-15 0.00001684
2014-07-14 0.00002086
2014-07-13 0.00001704
2014-07-12 0.00001724

So today is up from yesterday and the 2nd highest div for 5 days.

_biO_

full member

Activity: 174

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I'd guess they will be posting more detailed info once a month or something...

nwfella

legendary

Activity: 1610

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Well hello there!

Quote from: crino on July 15, 2014, 07:46:03 AM

0.00001684 BTC/share today. Going down...

Well on our road to zero that's for sure. Only going to get worse from here sadly.

Interesting to note that daily dividend and hosting/admin costs are no longer being published by CryptX team that I could find. I know it's 7X the amount of work as before given payouts have gone from Daily to Weekly but given how much cryptx is earning of his hosting fee's I find it curious he can't either pay somebody or take 15 minutes out of the day to publish daily hosting/admin costs along with total dividends paid out.

Has anybody run the numbers comparing BTC mined at public address vs. what is actually getting paid out to see if they are still inline with previous weekly figures?

tragor

newbie

Activity: 36

Merit: 0

New dividends at 0.00001979, confirming that this week should close with a total dividend around 1.7-1.8 mBTC/oldShare.
newShares are still floating around 2.8 mBTC.

NotLambchop

sr. member

Activity: 378

Merit: 254

Oh, gotcha. Don't worry about the divs, in that case--the price moves far more than a week's worth of divs every day, I'm [pretty]sure you could get out with a profit.

tragor

newbie

Activity: 36

Merit: 0

You're totally right, my mistake, I was leaving for lunch and didn't pay attention.

My experiment was this: I put BTC0.0495 and bought a single 0.0480 share (with 0.0015 left in the account)
After the split I bought a couple shares for 0.0056 (0.0028*2) with dividends money, so I have 16 shares.
If I sell them now (at the current 0.0028 sell price) I get BTC0.0449, but I earned a few more dividends so I'm actually at BTC0.0465. That's 3 mBTC from even, which is not that far away. Oh well, I won't lose sleep over those 1-2 bucks even if I lose them.

I did another similar experiment and got away with a "huge" 15mBIT profit, so I'm still in the green area overall.

Don't invest more than you're willing to lose, it doesn't matter if it's btc or usd Wink

[edit] sorry, multiple edits to fix the new math

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: tragor on July 15, 2014, 11:45:52 AM

...
Anyway, if dividends keep going like this I should brake even on my tiny just-to-try-it investment by the end of the week. I'll update the graph in the next days.

Wait, "by the end of the week"?! Through dividends?! You sure you're using that Numbers thing right right?

tragor

newbie

Activity: 36

Merit: 0

Quote from: kulegutten on July 15, 2014, 10:57:36 AM

And, it's down again to 0.0026 BTC/share. Nice diagramming, using what software or website did you make this?

Aaaand back up at 0.00283 / 0.00279, it keeps fluctuating.

The software is Numbers, Apple's prettier version of Excel. There's also a (free beta) web version if you want to try it on a PC, you just need an iCloud account. It might not have all the function a professional needs, but it's perfect for casual tables and graphs.

Anyway, if dividends keep going like this I should brake even on my tiny just-to-try-it investment by the end of the week. I'll update the graph in the next days.

kulegutten

newbie

Activity: 28

Merit: 0

Quote from: tragor on July 15, 2014, 09:23:36 AM

yesterday was unexpectedly high, it's going back on track

https://i.imgur.com/FugR6gV.jpg

the share price has gone up a tiny bit though

And, it's down again to 0.0026 BTC/share. Nice diagramming, using what software or website did you make this?

tragor

newbie

Activity: 36

Merit: 0

yesterday was unexpectedly high, it's going back on track

https://i.imgur.com/FugR6gV.jpg

the share price has gone up a tiny bit though

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 33. (Read 565829 times)