[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 46.

crino

member

Activity: 82

Merit: 10

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.

Thanks Mike.

mikemikemike

copper member

Activity: 224

Merit: 100

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.

Pentax

hero member

Activity: 700

Merit: 500

Quote from: jjdub7 on June 30, 2014, 02:23:17 PM

This does bring up something I've been thinking about. At least PETA paid divs - can someone please tell me how 7th Continent, SeedFund (SF1), SMG, and especially CFIG are valued as anywhere near worth current holdings?

I've watched the CFIG share price float from 0.10 to 0.035, and even at 0.035 BTC/share, that values the project at 11,210 BTC or about $7 million. There's no way they're worth anything near that, as its taken them about a year now to try and get the exchange site up and running. Sure, they claim to be catering to a niche middle market, but some side project by Coinbase etc would completely wipe out their business plan. And the site has a 10 second load time every time - worse than Havelock during even its heaviest server loads.

PETA was by no means the bottom of the barrel, although it could not guarantee investors what it could. It'll be interesting to see what happens in the markets when investors start realizing that the other "solid offerings" on Havelock aren't all that they're hyped up to be either.

I've been wondering the same thing. Obviously there is some element that is the actual value of the business, ie, what it is worth if sold today. on another level stocks and everything else are worth what people are willing to pay for them. in PETAs case I think people were buying with the expectation of these dividends

PETA paid divs. PETA still pays divs. these others pay little if anything and who knows what their actual value is. At least PETA is a semi-known quantity with decent communication that has paid their investors with regularity over the course of several months.

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

Quote from: Puppet on July 01, 2014, 03:04:32 AM

OTOH mining turds are both easier to see through if you use some simple math but at the same time, its less obvious to those not familiar with bitcoin mining dynamics. Clueless investors see high initial dividends and read about fortunes being earned by miners and think its gotta be a solid investment, when in reality its a mathematically near certainty they will lose.

On the flip side, people who invested on day 1 generally did very well. I took BTC out and still have a few shares paying divs (granted, with hindsight, I could/should have sold them, but hey ho - Peta has come though a couple of times already (not the IPOs!) and I suspect they will again). I feel bad for people that bought in late but I don't feel the need to rub it in on a daily basis the way you clearly do. Cheesy

Quote from: Puppet on July 01, 2014, 03:04:32 AM

Good luck with that 2% goal.

Even if the difficulty jumps remain the same, Peta will last for several months without taking any action at all (which would go against the history of Peta to date). Are you really going to stick at this for several months more? Did you post the MegaBigPower story in every other mining stock thread? Did you rush into the group buy threads and the mining hobbyists threads to trash those guys too? Is the rest of the forum/internet really that dull?

Off topic but wow at the MegaBigPower pic. Shocked

Where are they getting all their chips?

Puppet

legendary

Activity: 980

Merit: 1040

There is a difference between mining turds and the other turds. The other turds should be obvious, they are simply bubble machines, investing in stuff that is already grossly overvalued. Its really Usagi's Nyan A/B/C/BIF/etc all over again. But you can not use simple math to prove they are turds and its theoretically even possible they pan out.

OTOH mining turds are both easier to see through if you use some simple math but at the same time, its less obvious to those not familiar with bitcoin mining dynamics. Clueless investors see high initial dividends and read about fortunes being earned by miners and think its gotta be a solid investment, when in reality its a mathematically near certainty they will lose.

Anyway, in other news

Washington-based MegaBigPower (MBP) is North America’s largest mining operation. The mine, which generates millions of dollars worth of bitcoin per month, began developing its franchisee network earlier this year. Now, the company is planning a broad expansion effort that could add as much as 50 PH/s in mining power per month to the network.

http://www.coindesk.com/megabigpower-launches-global-franchisee-network-add-50phs-per-month-bitcoin-network/

Good luck with that 2% goal.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: jjdub7 on June 30, 2014, 02:23:17 PM

This does bring up something I've been thinking about. At least PETA paid divs - can someone please tell me how 7th Continent, SeedFund (SF1), SMG, and especially CFIG are valued as anywhere near worth current holdings?

I've watched the CFIG share price float from 0.10 to 0.035, and even at 0.035 BTC/share, that values the project at 11,210 BTC or about $7 million. There's no way they're worth anything near that, as its taken them about a year now to try and get the exchange site up and running. Sure, they claim to be catering to a niche middle market, but some side project by Coinbase etc would completely wipe out their business plan. And the site has a 10 second load time every time - worse than Havelock during even its heaviest server loads.

PETA was by no means the bottom of the barrel, although it could not guarantee investors what it could. It'll be interesting to see what happens in the markets when investors start realizing that the other "solid offerings" on Havelock aren't all that they're hyped up to be either.

Beats the living crap outta me. Lost satoshi's on several of the projects you mention myself. As well as every single other stock I've invested in on Havelock. Anyhoo, the dividends paid out by Cryptx thus far have helped somewhat but definitely doesn't take alotta the sting out when you actually finally get up the gumption to pull the trigger on sell order. I did hold onto a few shares which is why I'll continue to watch this thread. Boy, that was a rough one for me because I did so want to believe this project could not only succeed but flourish. Ah well, no guts no glory right?

jjdub7

hero member

Activity: 938

Merit: 502

This does bring up something I've been thinking about. At least PETA paid divs - can someone please tell me how 7th Continent, SeedFund (SF1), SMG, and especially CFIG are valued as anywhere near worth current holdings?

I've watched the CFIG share price float from 0.10 to 0.035, and even at 0.035 BTC/share, that values the project at 11,210 BTC or about $7 million. There's no way they're worth anything near that, as its taken them about a year now to try and get the exchange site up and running. Sure, they claim to be catering to a niche middle market, but some side project by Coinbase etc would completely wipe out their business plan. And the site has a 10 second load time every time - worse than Havelock during even its heaviest server loads.

PETA was by no means the bottom of the barrel, although it could not guarantee investors what it could. It'll be interesting to see what happens in the markets when investors start realizing that the other "solid offerings" on Havelock aren't all that they're hyped up to be either.

uglyfatbitch

newbie

Activity: 10

Merit: 0

was all bitmine rigs delivered?

kulegutten

newbie

Activity: 28

Merit: 0

Quote from: EdoBcn on June 30, 2014, 06:35:06 AM

Quote from: naaktslak on June 30, 2014, 03:01:51 AM

All projects on Havelock and cryptostocks I 'invested' in I lost money. Most people do (I think) because long term all projects have been losing value. Better is to buy bitcoin/litecoin.

Also their own HIF is a big failure. Looks like anything on Havelock will end up sucking big time. Such a shame.

Some projects certainly seem to suck big time, at least if bought at IPO prices. However, it is worth daytrading shares of some of the projects as the value swings both up and down are quite large. Recently with PETA if you were lucky you could have grabbed shares in the low 0.02's and sold them in the high 0.03's or low 0.04's making a decent short-term profit.

EdoBcn

sr. member

Activity: 241

Merit: 250

Quote from: naaktslak on June 30, 2014, 03:01:51 AM

All projects on Havelock and cryptostocks I 'invested' in I lost money. Most people do (I think) because long term all projects have been losing value. Better is to buy bitcoin/litecoin.

Also their own HIF is a big failure. Looks like anything on Havelock will end up sucking big time. Such a shame.

naaktslak

full member

Activity: 219

Merit: 100

Quote from: pumawolf on June 29, 2014, 02:51:12 PM

it feels like projects like these,scrypt, group buys. are design to suk coin out of the bitcoin community. just an secondary layer to the manufactures . dont think for one second the people runing these outfit dont no what their doing, everything is goin according to plan for them. but i cant blame them for my failures , theres enough math involve for me to make an educated choice. just gotta give them an applause and say well played.

All projects on Havelock and cryptostocks I 'invested' in I lost money. Most people do (I think) because long term all projects have been losing value. Better is to buy bitcoin/litecoin.

NotLambchop

sr. member

Activity: 378

Merit: 254

OK, which one of yous is Mr. 10/10? Fess up Cheesy

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: pumawolf on June 29, 2014, 02:51:12 PM

it feels like projects like these,scrypt, group buys. are design to suk coin out of the bitcoin community. just an secondary layer to the manufactures . dont think for one second the people runing these outfit dont no what their doing, everything is goin according to plan for them. but i cant blame them for my failures , theres enough math involve for me to make an educated choice. just gotta give them an applause and say well played.

Pretty much. I'm basically of the same opinion at this point...minus the applause part

pumawolf

sr. member

Activity: 968

Merit: 250

it feels like projects like these,scrypt, group buys. are design to suk coin out of the bitcoin community. just an secondary layer to the manufactures . dont think for one second the people runing these outfit dont no what their doing, everything is goin according to plan for them. but i cant blame them for my failures , theres enough math involve for me to make an educated choice. just gotta give them an applause and say well played.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: ChefBorjan on June 29, 2014, 05:12:27 AM

So... who knows something we don't? Lots of buying just now...

One person comes to mind immediately...the fella running this project.

And more than likely all the big private investors that don't even frequent the forum.

lost most of the btc i invested in cryptx but held onto a few shares just in case.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: jonsi on June 29, 2014, 06:52:59 AM

Or maybe someone that exited at 0.08, made his investment back and with the profit has bought himself some free shares.

Welp, easy come, easy go Cheesy

*Here's a network difficulty screencap, the child-safe version. To see the lurid details you must be over 18 and sign a consent form.

Vertikar

newbie

Activity: 20

Merit: 0

Quote from: kulegutten on June 29, 2014, 07:00:29 AM

Still, the sudden price rise is interesting...maybe there are some news coming soon?

Cex.io had a drop also and they've also made a slight recovery...

https://i.imgur.com/TjV7kkI.png

kulegutten

newbie

Activity: 28

Merit: 0

What Jonsi said seems quite likely. It is also possible that someone who bought in the range 0.02-0.025 decided to reap some profit by selling in the high 0.03's or low 0.04's. Could've been someone who bought in at 0.08, endured the drop, and bought back in at 0.02-0.025 to even out their loss.

Still, the sudden price rise is interesting...maybe there are some news coming soon?

jonsi

legendary

Activity: 1397

Merit: 1019

Or maybe someone that exited at 0.08, made his investment back and with the profit has bought himself some free shares.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: ChefBorjan on June 29, 2014, 05:12:27 AM

So... who knows something we don't?

More likely, who doesnt know what we know.

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 46. (Read 565925 times)