[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 45.

Puppet

legendary

Activity: 980

Merit: 1040

Also Cryptx might have a plan to sell some of our gear and buy some more profitable one

You mean sell hardware that was bought at >5BTC/TH, that the current share price values at ~2.2 BTC/TH for just~0.7 BTC/TH as he has been trying?

Yeah, Im sure thats gonna turn things around.

Quote

you have no idea what tmw is made of so again keep your prophecies for yourself

I dont have a crystal ball, but I do have a brain that does give me a good idea of what is going to happen. If you have no clue what the future looks like, you shouldnt be investing in to anything.

Quote

because of you shares price went down to 0.02 last week and now its trading at 0.04

You give me far too much credit. If it was because of me, would you really want to buy any asset that can lose 75% of its its value overnight just because someone trolls?

Quote

Some people panic sold and lost money because of you

Funny how I predicted that people would accuse me of causing this once my predictions started panning out. So not only did you just prove I can indeed foresee the future, I even have the ability to alter it. And I wont shut up just because you ask me to. I know you're desperate to sell your shares at an outrageous good price, if you had listened to me earlier you would have been able to.

Puppet

legendary

Activity: 980

Merit: 1040

My simulations also assume a rapid deceleration of network growth.
But please, do show me the network assumptions that would warrant buying cryptx shares at current price.

Here is the thing: any difficulty growth scenario you would come up with to make cryptx look like even a remotely interesting investment, if applied to the latest asics to hit the market (antminer S3, asicminer, Neptune's, .) would make them unbelievably profitable, especially to anyone with access to fairly cheap electricity. As a logical consequence, your network growth scenario is going to underestimate reality by a huge amount, unless you can also come up with a reason why no one would keep buying and deploying those "unbelievably profitable" asic's.

_biO_

full member

Activity: 174

Merit: 102

Quote from: Puppet on July 04, 2014, 12:25:52 AM

Quote from: cryptoconomist on July 03, 2014, 11:40:26 PM

Are you a prophet?

Around here, being able to do a long division gives you all the mystical powers of a prophet. So yeah, to you, I am indeed a prophet.

Quote

you have no idea what Cryptx might do next

You mean, there isnt a contract he is supposed to respect?
There isnt a satoshi in the reinvestment fund, there is a frigging big loan that is already acutely in danger of never getting paid back. Short of closing shop and running away there is nothing unexpected he could do unless his name is santa claus..

Ultimately PETA is a bet that difficulty increases will slow down and that the mine is able to remain profitable until that occurs. So your extrapolations, while mathematically correct, are more or less meaningless (at least to me).

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: cryptoconomist on July 03, 2014, 11:40:26 PM

Are you a prophet?

Around here, being able to do a long division gives you all the mystical powers of a prophet. So yeah, to you, I am indeed a prophet.

Quote

you have no idea what Cryptx might do next

You mean, there isnt a contract he is supposed to respect?
There isnt a satoshi in the reinvestment fund, there is a frigging big loan that is already acutely in danger of never getting paid back. Short of closing shop and running away there is nothing unexpected he could do unless his name is santa claus..

_biO_

full member

Activity: 174

Merit: 102

Quote from: cryptoconomist on July 03, 2014, 11:40:26 PM

Quote from: Puppet on July 03, 2014, 05:56:02 PM

Quote from: cryptoconomist on July 03, 2014, 11:50:13 AM

Puppet = Muppet

looks like the jump of 30% is not happening this time around

No one ever said it would. Remember I used only 7% per week in my simulations. Even in the very unlikely event the next difficulty would drop a little bit (Im willing to bet it wont), we are still way above the assumptions I used in my projections because of the previous 25% increase. Also keep in mind that an early big rise followed by a slower rise (or even a small drop) is far worse than a more constant rise.

Are you a prophet? you have no idea what Cryptx might do next so please keep your assumptions for yourself...

let's see where we are in 3 months for now stop posting in this thread

We all know what you think!

thanks

I think the only thing cryptx can do is to fully embrace P2Pool and do another, maybe final PO. This would add "securing the network" as a reason to buy PETA. But I don't see how they'd be able to justify a PO price in the range of the last one at this point, which limits the amount of additional hashrate they can buy (and advertise). They'd need an incredible deal on some new hardware and significantly lower hosting costs.

If we're very lucky difficulty increases level down a bit, at least temporarily, which would add a lot of value to PETA shares.

cryptoconomist

full member

Activity: 226

Merit: 100

Quote from: Puppet on July 03, 2014, 05:56:02 PM

Quote from: cryptoconomist on July 03, 2014, 11:50:13 AM

Puppet = Muppet

looks like the jump of 30% is not happening this time around

No one ever said it would. Remember I used only 7% per week in my simulations. Even in the very unlikely event the next difficulty would drop a little bit (Im willing to bet it wont), we are still way above the assumptions I used in my projections because of the previous 25% increase. Also keep in mind that an early big rise followed by a slower rise (or even a small drop) is far worse than a more constant rise.

Are you a prophet? you have no idea what Cryptx might do next so please keep your assumptions for yourself...

let's see where we are in 3 months for now stop posting in this thread

We all know what you think!

thanks

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

imho there is 0 probability that difficulty will be dropping anytime soon

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: cryptoconomist on July 03, 2014, 11:50:13 AM

Puppet = Muppet

looks like the jump of 30% is not happening this time around

No one ever said it would. Remember I used only 7% per week in my simulations. Even in the very unlikely event the next difficulty would drop a little bit (Im willing to bet it wont), we are still way above the assumptions I used in my projections because of the previous 25% increase. Also keep in mind that an early big rise followed by a slower rise (or even a small drop) is far worse than a more constant rise.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: _biO_ on July 03, 2014, 01:02:57 PM

Maybe that last increase put the diff over the edge and a whole generation of mining hardware suddenly became unprofitable in a lot of regions around the world.

That wouldn't surprise me at all. Considering that half the world is in summer now adding cooling to counteract the heat from the machines could have been a make or break for some people. I am running a few U2s as well some scrypt asics and even with the small amount hardware I can tell a difference in temp.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: _biO_ on July 03, 2014, 01:39:38 PM

Quote from: pedrog on July 03, 2014, 01:05:46 PM

There's nothing abnormal with the difficulty, check 9 months chart and you see the fluctuation.

It's a direct and pretty significant reaction to the difficulty increase... a bit unusual in that regard, but the timing might just as well be a conincidence.

Exactly, this pullback is much larger and longer than the others.

_biO_

full member

Activity: 174

Merit: 102

Quote from: pedrog on July 03, 2014, 01:05:46 PM

There's nothing abnormal with the difficulty, check 9 months chart and you see the fluctuation.

It's a direct and pretty significant reaction to the difficulty increase... a bit unusual in that regard, but the timing might just as well be a conincidence.

pedrog

legendary

Activity: 2786

Merit: 1031

There's nothing abnormal with the difficulty, check 9 months chart and you see the fluctuation.

_biO_

full member

Activity: 174

Merit: 102

Maybe that last increase put the diff over the edge and a whole generation of mining hardware suddenly became unprofitable in a lot of regions around the world.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: _biO_ on July 03, 2014, 12:54:15 PM

I wonder if we are going to see the first diff. decrease since 01/2013. Probably wishful thinking with 10 days left.

The only scenario that makes sense to me is that some of the larger operations either temporarily turned off equipment or they are swapping out for more power efficient machinery. It would be nice to see a decrease, but as they are still 10+ days left, anything can happen.

_biO_

full member

Activity: 174

Merit: 102

I wonder if we are going to see the first diff. decrease since 01/2013. Probably wishful thinking with 10 days left.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: cryptoconomist on July 03, 2014, 11:50:13 AM

Puppet = Muppet

looks like the jump of 30% is not happening this time around

Yes, this has me intrigued. bitcoinwisdom is showing an average block time of 10.3 minutes and the estimated network hashrate has been falling slow and steady, we are down to around 111phs atm.

cryptoconomist

full member

Activity: 226

Merit: 100

Puppet = Muppet

looks like the jump of 30% is not happening this time around

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Puppet on July 03, 2014, 08:28:15 AM

...(~230 - 73) / 2 =~77 BTC ...

What are these arcane glyphs and esoteric symbols? Back to plying your filthy satanic magic, I see... Angry

Puppet

legendary

Activity: 980

Merit: 1040

183 BTC in the wallet with a little over a day to go.

https://blockchain.info/charts/balance?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

If you're lucky its going to be (~230 - 73) / 2 =~77 BTC in dividends or ~0.001 per share. Exactly half of what it was only a month ago and on track to never pay back the loan.

EdoBcn

sr. member

Activity: 241

Merit: 250

Quote from: mikemikemike on July 02, 2014, 03:02:48 PM

Well, lets not say I didn't try and warn you all.

On the plus side, anything below 0.03 is an absolute steal. Saw the market go below this the other day and seriously wondered how people could be so silly.

Still not buying, still not holding.

Hopefully CryptX will use the remaining shares and issue a better IPO, one that's more beneficial to investors.

Good luck.

we missed you.

Thanks

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 45. (Read 565829 times)