Thanks for making your thoughts known, Mr. Ed!
"I... have so much strength inside of me that you guys don't even KNOW what I could do.
If the world refuses to love me then I will teach it to FEAR ME INSTEAD!!1!"--SB
Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 51. (Read 565829 times)
^
Thanks for making your thoughts known, Mr. Ed!
"I... have so much strength inside of me that you guys don't even KNOW what I could do.
If the world refuses to love me then I will teach it to FEAR ME INSTEAD!!1!"--SB
Thanks for making your thoughts known, Mr. Ed!
"I... have so much strength inside of me that you guys don't even KNOW what I could do.
If the world refuses to love me then I will teach it to FEAR ME INSTEAD!!1!"--SB
Dear Hodlers!
This is your painful predicament, depicted by the one who started the Hodler craze--a man shaped by loss and faith in symmetry, Ferdinand Hodler.
The angels watching over you are his wife, Augustine.
Yes, all of them.
She ded.
Leaving you in my capable (though reluctant) care.
Now please get dressed, no good will come of this...
This is your painful predicament, depicted by the one who started the Hodler craze--a man shaped by loss and faith in symmetry, Ferdinand Hodler.
The angels watching over you are his wife, Augustine.
Yes, all of them.
She ded.
Leaving you in my capable (though reluctant) care.
Now please get dressed, no good will come of this...
Time and time again, you assume that posting images makes you interesting.
Dear Hodlers!
This is your painful predicament, depicted by the one who started the Hodler craze--a man shaped by loss and faith in symmetry, Ferdinand Hodler.
The angels watching over you are his wife, Augustine.
Yes, all of them.
She ded.
Leaving you in my capable (though reluctant) care.
Now please get dressed, no good will come of this...
This is your painful predicament, depicted by the one who started the Hodler craze--a man shaped by loss and faith in symmetry, Ferdinand Hodler.
The angels watching over you are his wife, Augustine.
Yes, all of them.
She ded.
Leaving you in my capable (though reluctant) care.
Now please get dressed, no good will come of this...
So Puppet, I'm curious, what in your opinion is a good investment? Crypto related or otherwise.
Agree, i did the same as you.
Also, scrypt is left alone. I think puppet should go there too...
Also, scrypt is left alone. I think puppet should go there too...
I am getting lots of questions about scryptx. The simple reality is that I am not following the alt coin scene at all, so I do not have an informed opinion.
In general the same principles will apply, but given how new scrypt asic market is, I cant say there wont be opportunities at some point, and saving coins to wait for such an opportunity makes sense, even if I doubt there will be one or that cryptx will find it. The value of those alt coins themselves is another topic I wont get in to here, other than saying Id think twice to spend BTC to buy an altcoin revenue source.
Anyway, scryptx may be a bad investment, but at least its not a mathematically certain disaster like petamine is.
why is the price halved 
will it ever go up?
will it ever go up? hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
Lol honestly at the start I used to come in here seeing puppets posts thinking what a tool. He's starts throwing numbers out there, I gtfo at and average of 0.074. Happy with that since I bought at 0.05. But honestly looking at these posts puppet you are a fucking machine lol the amount of effort you put into the research is impeccable and commendable in itself to think this bloke must have the biggest vendetta against cryptx god knows why. It's like u woke up one morning popped up and said, I'm going to destroy this security. And you really have succeeded. You're an animal lol
Agree, i did the same as you.
Also, scrypt is left alone. I think puppet should go there too...
The unit price is more than fair at this point, for 1,6$ per GH for hosted hardware...
Not hosted. That price doesnt include the skyhigh hosting fees (70+ BTC per week) . It doesnt include the ~540BTC loan which means this security only pays out half of its mining revenue, the other half goes to pay off the loan, quite possibly forever. So its more like $3.2 per GH and that price excludes mandatory and excessive hosting fees. One hell of deal
So, will we be mining on p2pool soon?
What is the result of the survey?
The unit price is more than fair at this point, for 1,6$ per GH for hosted hardware...
What is the result of the survey?
The unit price is more than fair at this point, for 1,6$ per GH for hosted hardware...
So would it be worth it for me to buy about 3.5BTC worth of this asset for long term? Estimating it would get me around 81 shares at current prices. Are these a good buy at present?
Now we know where he is.. 
CryptX sells A2 Innosilicon 90 Scrypt Miners. IN STOCK
90Mhs Scrypt Miner 7500$ + shipping worldwide
Payments possible in LTC or BTC
Please leave a message here or email to [email protected]
This item will ship within 1 business day after payment clears.
Contents:
1 A2 Innosilicon unit of 90Mh/s ASIC miner, can vary by a +/- 10%
Single standard form factor 4U server chassis
1 Raspberry Pi computer
1000watt Platinum 80-Plus rated enterprise class power supply unit (PSU)
Only draws 10-12watts per chip (500-700watts total)
Specification:
48 State of the art A2 28nm ASIC chips
High Quality Bench Tested PCB
4U Rack mount compatible server chassis (rackmount rails extra)
Internal 1000 watt PSU's (draws about 500-700watts depending on hashing rate and overclocking configuration)
Latest energy efficient Power Supply and ASIC chips to give you the highest ROI
USB Port to connect to Raspberry Pi, PC or MAC.
Fitted with high performance fans to keep the processors cool.
Patent Pending thermal cooling system
CryptX sells A2 Innosilicon 90 Scrypt Miners. IN STOCK
90Mhs Scrypt Miner 7500$ + shipping worldwide
Payments possible in LTC or BTC
Please leave a message here or email to [email protected]
This item will ship within 1 business day after payment clears.
Contents:
1 A2 Innosilicon unit of 90Mh/s ASIC miner, can vary by a +/- 10%
Single standard form factor 4U server chassis
1 Raspberry Pi computer
1000watt Platinum 80-Plus rated enterprise class power supply unit (PSU)
Only draws 10-12watts per chip (500-700watts total)
Specification:
48 State of the art A2 28nm ASIC chips
High Quality Bench Tested PCB
4U Rack mount compatible server chassis (rackmount rails extra)
Internal 1000 watt PSU's (draws about 500-700watts depending on hashing rate and overclocking configuration)
Latest energy efficient Power Supply and ASIC chips to give you the highest ROI
USB Port to connect to Raspberry Pi, PC or MAC.
Fitted with high performance fans to keep the processors cool.
Patent Pending thermal cooling system
Guys, of course you are right. Let's not go in circles here.
Cryptx does this for profit.
His profit comes from numerous places:
However, he doesn't make profit on:
Long term, he has some miners that are paid for and are too costly to maintain powered on. Even for him. He can sell the hardware, but it goes into the reinvestment fund. So, one far day in the future, he may just call it a day and turn off everything, sell remaining hardware, refund what's left in percentage to each shareholder and start something different.
The whole messed-up story here is that, forget the solar plant, forget even the datacenter, if me and Puppet were friends since kindergarden and had few spare millions to invest in a mining farm, why on earth we would go for private shareholders?
*Disclosure for Puppet: I don't know you, it's just a stupid example, hope you don't get mad at me.
The example is clear. We can build the gold egg factory but we ask for money outside? Either we don't belive in the success of this, or we know it will not succeed, or we are simply dumb.
As I'm giving Cryptx team the benefit of the doubt, assuming they are far from being dumb, either they have a reasonable explanation for this or they are acting with the only purpose of getting quick money at shareholders expenses.
And now that they don't even post here anymore... I'm leaning to the second option.
Cryptx does this for profit.
His profit comes from numerous places:
- Power (his solar mine)
- Datacenter costs (is he using it for other things?)
- Boards/custom production
- Special deals with producers
However, he doesn't make profit on:
- BTC price variance
- Stock price moving up and down (at least, not that we are aware of. He claims he doesn't hold shares. Maybe some friends&family)
- Interests on holding our funds (like banks do)
- All fees (all to Havelock)
Long term, he has some miners that are paid for and are too costly to maintain powered on. Even for him. He can sell the hardware, but it goes into the reinvestment fund. So, one far day in the future, he may just call it a day and turn off everything, sell remaining hardware, refund what's left in percentage to each shareholder and start something different.
The whole messed-up story here is that, forget the solar plant, forget even the datacenter, if me and Puppet were friends since kindergarden and had few spare millions to invest in a mining farm, why on earth we would go for private shareholders?
*Disclosure for Puppet: I don't know you, it's just a stupid example, hope you don't get mad at me.
The example is clear. We can build the gold egg factory but we ask for money outside? Either we don't belive in the success of this, or we know it will not succeed, or we are simply dumb.
As I'm giving Cryptx team the benefit of the doubt, assuming they are far from being dumb, either they have a reasonable explanation for this or they are acting with the only purpose of getting quick money at shareholders expenses.
And now that they don't even post here anymore... I'm leaning to the second option.
No businessman worth his golden parachute invests his own money, you always use others, either via a loan from a lender or investors.
The days of organic business growth are dead and gone, the goal for decades has been to expand at a ridiculous pace irregardless of the chances and severity of failing.
Guys, of course you are right. Let's not go in circles here.
Cryptx does this for profit.
His profit comes from numerous places:
However, he doesn't make profit on:
Long term, he has some miners that are paid for and are too costly to maintain powered on. Even for him. He can sell the hardware, but it goes into the reinvestment fund. So, one far day in the future, he may just call it a day and turn off everything, sell remaining hardware, refund what's left in percentage to each shareholder and start something different.
The whole messed-up story here is that, forget the solar plant, forget even the datacenter, if me and Puppet were friends since kindergarden and had few spare millions to invest in a mining farm, why on earth we would go for private shareholders?
*Disclosure for Puppet: I don't know you, it's just a stupid example, hope you don't get mad at me.
The example is clear. We can build the gold egg factory but we ask for money outside? Either we don't belive in the success of this, or we know it will not succeed, or we are simply dumb.
As I'm giving Cryptx team the benefit of the doubt, assuming they are far from being dumb, either they have a reasonable explanation for this or they are acting with the only purpose of getting quick money at shareholders expenses.
And now that they don't even post here anymore... I'm leaning to the second option.
Cryptx does this for profit.
His profit comes from numerous places:
- Power (his solar mine)
- Datacenter costs (is he using it for other things?)
- Boards/custom production
- Special deals with producers
However, he doesn't make profit on:
- BTC price variance
- Stock price moving up and down (at least, not that we are aware of. He claims he doesn't hold shares. Maybe some friends&family)
- Interests on holding our funds (like banks do)
- All fees (all to Havelock)
Long term, he has some miners that are paid for and are too costly to maintain powered on. Even for him. He can sell the hardware, but it goes into the reinvestment fund. So, one far day in the future, he may just call it a day and turn off everything, sell remaining hardware, refund what's left in percentage to each shareholder and start something different.
The whole messed-up story here is that, forget the solar plant, forget even the datacenter, if me and Puppet were friends since kindergarden and had few spare millions to invest in a mining farm, why on earth we would go for private shareholders?
*Disclosure for Puppet: I don't know you, it's just a stupid example, hope you don't get mad at me.
The example is clear. We can build the gold egg factory but we ask for money outside? Either we don't belive in the success of this, or we know it will not succeed, or we are simply dumb.
As I'm giving Cryptx team the benefit of the doubt, assuming they are far from being dumb, either they have a reasonable explanation for this or they are acting with the only purpose of getting quick money at shareholders expenses.
And now that they don't even post here anymore... I'm leaning to the second option.
...
In this same thread Cryptx confirms that their solar plant produces 1% of what Peta needs.
...
In this same thread Cryptx confirms that their solar plant produces 1% of what Peta needs.
...
Yeah, but those are bespoke, boutique KWh! Much better for the miners, causing them to hash green, eco-friendly bitcoins. Just as you'd expect to pay a premium for the organic eggs laid by free-range chickens fluent in five languages, you pay a premium for these.
Providing just one percent of the power doesn't mean receiving just one percent of the total energy cost.
The solar farm is currently running at a loss. A new IPO has been scheduled, its proceeds earmarked for purchasing moar solar cells.
If this IPO fails, Cryptx will generously lend you the money for the new solar cells, and allow you to pay him back in installments.*
*Pure speculation, but sure sounds right
It's like u woke up one morning popped up and said, I'm going to destroy this security. And you really have succeeded. You're an animal lol
I can not take credit for that. No more than I can take credit for Pirate's ponzi collapse or usagi's implosion. Difficulty and delusion is all thats "destroying" peta. Most I can take credit for is opening some eyes. But judging by a share price that still hovers at least 3-5x above any reasonable return expectation, Im not even very successful in that regard. But where I fail, have no doubt the network itself will succeed. Cant imagine panic not setting in once the upcoming difficulty adjustment hits the dividends in ~2 weeks
Lol honestly at the start I used to come in here seeing puppets posts thinking what a tool. He's starts throwing numbers out there, I gtfo at and average of 0.074. Happy with that since I bought at 0.05. But honestly looking at these posts puppet you are a fucking machine lol the amount of effort you put into the research is impeccable and commendable in itself to think this bloke must have the biggest vendetta against cryptx god knows why. It's like u woke up one morning popped up and said, I'm going to destroy this security. And you really have succeeded. You're an animal lol
Someday Petamine will need to move their data center to somewhere with cheap electricity and reduce hosting fee further below.
If they don't, project Petamine won't last long. Cheap electricity is a key factor but somehow CryptX never considered this.
Maybe they don't want to live abroad.
If they don't, project Petamine won't last long. Cheap electricity is a key factor but somehow CryptX never considered this.
Maybe they don't want to live abroad.
...
What do you do with ASIC and the historic cases which refute this claim?
What do you do with ASIC and the historic cases which refute this claim?
Which ones are those?
Asicminer had increasing returns to scale for a while. Its growth outpaced the network even with sub100% reinvestment. I believe it's not the only case either although I would have to look around a bit.
ASICMINER was selling overpriced mining gear to ignorant/starry-eyed miners. It was mining with self-made chips and miners, and the competition at the time of greater-than-network-growth was nominal.
Got it. So basically we need to start building our own chips.
Also, could we not play up the marketing due to our p2p pool integration? We could argue a value added not perceived merely through divs.
What marketing? i haven't seen any ads anywhere... has anyone else?
...
What do you do with ASIC and the historic cases which refute this claim?
What do you do with ASIC and the historic cases which refute this claim?
Which ones are those?
Asicminer had increasing returns to scale for a while. Its growth outpaced the network even with sub100% reinvestment. I believe it's not the only case either although I would have to look around a bit.
ASICMINER was selling overpriced mining gear to ignorant/starry-eyed miners. It was mining with self-made chips and miners, and the competition at the time of greater-than-network-growth was nominal.
Got it. So basically we need to start building our own chips.
Also, could we not play up the marketing due to our p2p pool integration? We could argue a value added not perceived merely through divs.
Peta might have no chance to ROI with their overpriced hardware and overpriced hosting fees but that doesn't mean no miners can profit.
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