Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 40. (Read 565829 times)
So ive been in for awhile,is there any account of how much is in the reinvestment fund,all of the btc which was set aside during the 50% dividend period?
Yeah noticed that typo, I guess they mean Thursday, not today.
Marking my calendar. Don't wanna miss this! 
may i ask what u gentlemen's voting over. i couldnt find much info on it reading the last couple of pages.
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As we are constantly monitoring the evolution and changes happening in the Bitcoin eco-system and accordingly need to adapt to these changes to maximize unit holders revenue we like to propose the following changes:
· Convert the outstanding loan of 342.9 BTC to 4,650 PetaMine units (or 0.0735 BTC/unit) which brings the total outstanding units to 82,142.
· Change the dividend payout to 100%. This gives the opportunity for everyone to choose their own reïnvestment level by purchasing additional units with their dividend.
· Do a reverse split were each unit will be replaced by 14 shares, so 1 unit represents 1 GH/s of hashing power.
· Pay dividends every day at 12:00 GMT.
We are issuing a vote whether or not to switch to implement these changes. The vote will only be valid for current unit holders and held until Thursday, July 9 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will make the changes to the PetaMine.
Click the link below to place your vote:
https://www.surveymonkey.com/s/XNHGBBB
Team CryptX
· Convert the outstanding loan of 342.9 BTC to 4,650 PetaMine units (or 0.0735 BTC/unit) which brings the total outstanding units to 82,142.
· Change the dividend payout to 100%. This gives the opportunity for everyone to choose their own reïnvestment level by purchasing additional units with their dividend.
· Do a reverse split were each unit will be replaced by 14 shares, so 1 unit represents 1 GH/s of hashing power.
· Pay dividends every day at 12:00 GMT.
We are issuing a vote whether or not to switch to implement these changes. The vote will only be valid for current unit holders and held until Thursday, July 9 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will make the changes to the PetaMine.
Click the link below to place your vote:
https://www.surveymonkey.com/s/XNHGBBB
Team CryptX
may i ask what u gentlemen's voting over. i couldnt find much info on it reading the last couple of pages.
Yeah noticed that typo, I guess they mean Thursday, not today.
"We are issuing a vote whether or not to switch to implement these changes. The vote will only be valid for current unit holders and held until Thursday, July 9 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will make the changes to the PetaMine."
Nobody noticed that July 9 is today and not tomorrow Thursday?
Nobody noticed that July 9 is today and not tomorrow Thursday?
You can change, remove, edit, etc. the votes in Surveymonkey. That kind of sites is to vote who pays the beer between friends, not to vote the whole strategy of a project where we've invested a lot ( or not) of money.
what do you know about survey monkey? My ex-employer (which is a world wide corporate) used to use that site... and when I say my ex-employer, I am talking about a multi-bullion dollar company that has a world wide presence and has a big IT infrastructure.
If your ex-employer used to use SurveyMonkey he could confirm what I said.
what do you know about survey monkey?
The results cant be verified. What more do you need to know?
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My ex-employer (which is a world wide corporate) used to use that site... and when I say my ex-employer, I am talking about a multi-bullion dollar company that has a world wide presence and has a big IT infrastructure.
Did they use it to organize shareholder votes, or to consult employees what beverages they want in the hallway vending machines?
You can change, remove, edit, etc. the votes in Surveymonkey. That kind of sites is to vote who pays the beer between friends, not to vote the whole strategy of a project where we've invested a lot ( or not) of money.
what do you know about survey monkey? My ex-employer (which is a world wide corporate) used to use that site... and when I say my ex-employer, I am talking about a multi-bullion dollar company that has a world wide presence and has a big IT infrastructure.
Another widely-used platform is Qualtrics.
You can change, remove, edit, etc. the votes in Surveymonkey. That kind of sites is to vote who pays the beer between friends, not to vote the whole strategy of a project where we've invested a lot ( or not) of money.
what do you know about survey monkey? My ex-employer (which is a world wide corporate) used to use that site... and when I say my ex-employer, I am talking about a multi-bullion dollar company that has a world wide presence and has a big IT infrastructure.
You can change, remove, edit, etc. the votes in Surveymonkey. That kind of sites is to vote who pays the beer between friends, not to vote the whole strategy of a project where we've invested a lot ( or not) of money.
Well shit!! In that case freaking CryptX had better be paying for a round or ten since he's apparently the only one making anything on this (that isn't a skilled trader that is)
You can change, remove, edit, etc. the votes in Surveymonkey. That kind of sites is to vote who pays the beer between friends, not to vote the whole strategy of a project where we've invested a lot ( or not) of money.
Spondoolies may be the most "legit" company but they are not immune to the unpredictable variables involved in making an asic. Just like every other company they have no idea exactly how the chip will perform until they have it in hand. They also have no idea if it will work right away or take some troubleshooting. They don't even know if they will get the chips on time.
July only has about 3 weeks left and afaik they don't even have chips. They leaves basically zero time for fuckups or testing.
As for the companies there are: BFL, HF, CT, BA, KNC, bitmine, avalon, terrahash, AMT, VMC, and probably some others I've missed.
July only has about 3 weeks left and afaik they don't even have chips. They leaves basically zero time for fuckups or testing.
As for the companies there are: BFL, HF, CT, BA, KNC, bitmine, avalon, terrahash, AMT, VMC, and probably some others I've missed.
First of all the chips will arrive after 20 July so there is still time.
BFL, HF, BA and Avalon were mentioned. VMC was an obvious scam right from the start and Ken has a long history of conning people. Bitmine is doing okish. As for AMT and TerraHash they aren't chip manufacturers, they are just third party PCB assemblers so they were not worth mentioning. None of these companies were funded by any VC with direct statements for backing them up. I know that Cointerra received some kind of Angel funding, but none of them (except aerobatic) showed some kind of public support for them. Maybe because they knew that they will fail and didn't want to mud their name.
Now tell me how do these companies compare with SP-Tech regarding their background and their intentions. I don't find any similarities.
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You can make the exact same purchase by buying 11 bitmain s3's. In fact you would have saved ~$1/gh.
I'm ok with paying extra in order to avoid unnecessarily headaches. One box, 2 cables and I'm hashing in 2 minutes plus no reselling hassle. I would like to be busy planning the future, not dealing with present avoidable issues.
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Yes but with the difficulty derivative I find it extremely difficult to predict the next difficulty a week away. Even predicting the next difficulty ~3 days away is not easy.
You don't have to predict difficulty for the next 3 days. You need to predict difficulty for every change.
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So why even attempt to predict the btc exchange rate/difficulty 5+ months away?
Because some people find it doable.
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Is there some way to check the results of surveymonkey against what cryptx has to say? Or is cryptx the only one who gets the final result and we should just believe what they have to say?
I used SurveyMonkey all the time for shareholder voting, and yes, the final results are only available to the issuer (though the Pro version may have more options). To get around this, I put all responses into a Google doc, obfuscated the email addresses, and shared the results. People who voted could still figure out their own email and verify their answer is accurately noted.
Seems in this case we just get to take Cryptx's word for it...which is obviously unacceptable.
True Cryptx Should publish a list on google docs with obfuscated e-mails as well that show how people voted
It's all about transparency
Perhaps they should keep a vote on this...
Until proven otherwise, the voting is rigged/not to be trusted.
Until proven otherwise, the voting is rigged/not to be trusted.
Indeed, just what I was thinking, even the voting is rigged.
there's quite a difference between the vote being "rigged" and the vote not being transparent. instead of making accusations, we could just ask that crytpx make the results public.
Indeed, just what I was thinking, even the voting is rigged.
Is there some way to check the results of surveymonkey against what cryptx has to say? Or is cryptx the only one who gets the final result and we should just believe what they have to say?
I used SurveyMonkey all the time for shareholder voting, and yes, the final results are only available to the issuer (though the Pro version may have more options). To get around this, I put all responses into a Google doc, obfuscated the email addresses, and shared the results. People who voted could still figure out their own email and verify their answer is accurately noted.
Seems in this case we just get to take Cryptx's word for it...which is obviously unacceptable.
Is there some way to check the results of surveymonkey against what cryptx has to say? Or is cryptx the only one who gets the final result and we should just believe what they have to say?
So the first 10 companies to go with preorders showed the community exactly how preorders fuck over everyone involved but with spongebobtech its totally different right?
I wasn't aware that there were 10 companies that produced chips which failed. I wouldn't count 3rd party PCB developers on this because SP-Tech is directly producing the chips so they have their whole process in hand.
Second you need to look at who ran the companies that failed. BFL is run by a convicted felon, HashFail's CEO was a shady guy, BA team is unknown, Avalon is a student who got rich overnight and got blinded by his greed and Cointerra just used the US legal system to screw their customers. Have I missed any company? None of these companies are backed by 2 large VC companies who had many other successful projects so you are again comparing apples with oranges. All of the failed companies had their fail on their agenda from the start.
Spondoolies may be the most "legit" company but they are not immune to the unpredictable variables involved in making an asic. Just like every other company they have no idea exactly how the chip will perform until they have it in hand. They also have no idea if it will work right away or take some troubleshooting. They don't even know if they will get the chips on time.
July only has about 3 weeks left and afaik they don't even have chips. They leaves basically zero time for fuckups or testing.
As for the companies there are: BFL, HF, CT, BA, KNC, bitmine, avalon, terrahash, AMT, VMC, and probably some others I've missed.
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No you paid ~$2/gh for your march order because btc was around $630 then. If next month btc is at $1000 then yes, you will have massively overpaid.
BTW about AM, the company has already ROI'd in only a month so I would say they are doing quite well.
BTW about AM, the company has already ROI'd in only a month so I would say they are doing quite well.
The argument isn't valid because right now I can't repeat the same purchase that I made back in March because of the non-availability. I made the purchase then in order to get a better shipping date. I won't be able to order an SP30 next month with August delivery.
You can make the exact same purchase by buying 11 bitmain s3's. In fact you would have saved ~$1/gh.
You could have ordered an SP30 in july/august if they sold from stock. Too bad they decided to take tips from BFL and go with overpriced preorders.
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I'm glad you admit that looking in to the future is hard, so how can you possibly justify gambling on preorders?
The same way you justify your derivative.
Yes but with the difficulty derivative I find it extremely difficult to predict the next difficulty a week away. Even predicting the next difficulty ~3 days away is not easy.
So why even attempt to predict the btc exchange rate/difficulty 5+ months away?
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