Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 41. (Read 565829 times)

For the record, I think he's talking about twentyseventy's BD derivative, which is a mining bond tied to a shorting instrument.  Incidentally, it isn't technically a zero-sum game through time, as new entrants (or existing players) purchasing B.EXCH, the price-regulating asset which is a bundled set of the mining bond (B.MINE) and the short (B.SELL), add to the net value of the asset set (paid out to B.SELL holders at each difficulty bump).

The rules are set by the underlying math, so its not really a company.  Granted, you don't have to "gamble" to make money on it - you just have to be able to anticipate when new mining tech is going to hit the market, ship, and start hashing.

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.



So right now an S1 is making ~60-70$/month (and shrinking) after ROI. Great investment! The SP10s may not have reached ROI, but they will sure make more than 60$ per month after they do it which means a higher profit overall versus the S1.



So your success in the derivative area isn't because you picked a good company, it's more of a gambling. You only picked 1 successful venture until now by picking AM shares. So you only risked once for the long term. I'm on my third successful pick with the SP10.



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.

As for AM it's the same S1 situation again. You are happy with a short ROI, but right now you aren't getting anything and the bitcoin train is on fast forward. It won't take long until you will AM will be left behind.


The same way you justify your derivative.

There are no long term profit in any mining offers, dividend is the bait, traders can only profit in short term trading.

Bitmain is shipping batch 1 of the S3 this week.  The current projections for next period are very misleading for calculating lifetime ROI.

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?


So you are telling me that I paid for my March order 3$/Gh just because bitcoin is at $630 now? Next month when it will be at $1000 you will tell me that I paid 4.3$/Gh and so on.
I paid 2$/Gh in March! Calculating with today's price is simply stupid and so obvious bad intended. As previously said judging by looking back is easy Acting while looking into the future is the hard part.

The same analogy can be made for your 0 dividend AM shares. Unfortunately I don't know how many bitcoins you have invested into AM, but feel free to multiply them with 630$ and let me know how long will it take to get that amount back with your 0 dividends.

And your math sucks again. At $630/btc you come up with 2.7$/Gh, not 2.8$/Gh.