Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 59. (Read 565829 times)
true cant do much against hindsight. i read thr the thread no reinvestment til 3months. are they gonna buy chips and make there own hw or just try to buy the cheapest hw they can get. i dont see how buyin hardware will do anything , difficulty is getting pretty hardcore.
been thr a bunch of cex crashes ,but this one takes the cake. although i picked up a bunch at 022 , i dont know is that a good thing or bad thing at this pt.i didnt do any calculations , didnt think there was gonna be time. it seems like a good move at 022, but who knows this industry is wild. what do u guys think the ipo price should of been , 95 was nuts.
Agreed 0.095 was crazy. I'm thinking closer to 0.072 would've been far more realistic but who knows. Hindsight always 20/20 I guess :/
been thr a bunch of cex crashes ,but this one takes the cake. although i picked up a bunch at 022 , i dont know is that a good thing or bad thing at this pt.i didnt do any calculations , didnt think there was gonna be time. it seems like a good move at 022, but who knows this industry is wild. what do u guys think the ipo price should of been , 95 was nuts.
Puppet, do you consider this your greatest achievement?
This is painful to watch.
Tell me about it. I'm still thinking I'm going to pick a few shares up. Think they are seriously undervalued ATM but hell I've just lost 70% of my cryptx value so pretty risky.I sold at 0.069 when the put the vote up telling myself I would get back in after the drop.. I didnt expect this..
This is painful to watch.
Tell me about it. I'm still thinking I'm going to pick a few shares up. Think they are seriously undervalued ATM but hell I've just lost 70% of my cryptx value so pretty risky. 0.03300021
And the volume's picking up.
Edit: ฿0.03283000
And the volume's picking up.
Edit: ฿0.03283000
When are we buying back in Sir ?
Honestly have zero interest.
฿0.02200002 <==lol.
This is painful to watch.
Heck with this. Prices this low I'm picking a few more up. What the hell.
Holy cow the barns on fire.
0.03300021
And the volume's picking up.
Edit: ฿0.03283000
And the volume's picking up.
Edit: ฿0.03283000
When are we buying back in Sir ?
0.03300021
And the volume's picking up.
Edit: ฿0.03283000
And the volume's picking up.
Edit: ฿0.03283000
Literally watching my cryptx stock value evaporate before my very eyes 
...I promise you'll be able to come back and bask in a warm glow of vindication and it feels good man
...
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Would it be rude to start basking nao?
Edit: 0.03601092, heady times...
Edit2: 0.03500100
Don't care, I'm basking! How could this be wrong when it feels so right...
people that voted 50/50 reinvestment are to blame for the failure of Peta
While technically true, this is still a misdirected statement.
Investors who cast their votes can only base their decisions off of available information, including speculation. If 100 people are left to their own calculations, diligence, and intuition and cast a vote for one of three choices (35/65, 50/50, 65/35), they will vote for what they think makes sense and not necessarily in the best interest of the organization. Is that their fault? No. They may not have all the facts and they may not know the first thing about PETA's operations behind the scenes,...nor will they until the fund operators step up to actively (and properly) manage investor relations.
It's the job of the PETA operators to explain, in detail, the cause and effect of each option during a vote. They need to provide their view on each option and why one makes more sense than another. If you're opening your company to changes based a public vote, the more you can communicate with your investors, the better.
For every security that has passed through here, how is it there are only a handful of us that take communication seriously?
Anyway, going to be keeping a close eye on this thread on the off chance cryptx comes through with some sort of announcement but not holding my breath any longer.
people that voted 50/50 reinvestment are to blame for the failure of Peta
While technically true, this is still a misdirected statement.
Investors who cast their votes can only base their decisions off of available information, including speculation. If 100 people are left to their own calculations, diligence, and intuition and cast a vote for one of three choices (35/65, 50/50, 65/35), they will vote for what they think makes sense and not necessarily in the best interest of the organization. Is that their fault? No. They may not have all the facts and they may not know the first thing about PETA's operations behind the scenes,...nor will they until the fund operators step up to actively (and properly) manage investor relations.
It's the job of the PETA operators to explain, in detail, the cause and effect of each option during a vote. They need to provide their view on each option and why one makes more sense than another. If you're opening your company to changes based a public vote, the more you can communicate with your investors, the better.
For every security that has passed through here, how is it there are only a handful of us that take communication seriously?
...
why not just call it a night, stop feverishly trying to prove a point to an audience of freshers that you already proved. & come back when you're prophecy rings true, if you are so sure. I promise you'll be able to come back and bask in a warm glow of vindication and it feels good man
...
why not just call it a night, stop feverishly trying to prove a point to an audience of freshers that you already proved. & come back when you're prophecy rings true, if you are so sure. I promise you'll be able to come back and bask in a warm glow of vindication and it feels good man
...
There's no glow of vindication, ever. The marks just move on to the next "investment opportunity," learning nothing, putting the blame on everyone but the ones who deserve it.
Case in point:
people that voted 50/50 reinvestment are to blame for the failure of Peta
...
...
people that voted 50/50 reinvestment are to blame for the failure of Peta
I voted for a 10% div. until network stabilized and we can grow faster than the network
having a strong value in share price is more important than % of weekly divi
The network can't continue to grow like that for ever
I voted for a 10% div. until network stabilized and we can grow faster than the network
having a strong value in share price is more important than % of weekly divi
The network can't continue to grow like that for ever
I may be newb, but I’m not an idiot. 12% network hashrate increase was what I meant by 12% increase/week.
If all divs are stopped 262BTC next week (-75BTC hosting and no network increase by then).
177BTC the week after (25% network increase)
177BTC the week after that (network increase will happen that day (11th July))
= Loan paid off by 11th July and then there would be BTC collected for re-investment again. I’ll have to trust you on the producers 1/10th price to self, but cryptx has managed good prices / produced their own boards in the past, but it does look like an uphill struggle. It’s also looking very worrying for a de-centalised network to be cornered by a handfull of chip producers do you not think?
I understand cryptx is maintaining radio silence and I understand why, but it would be very useful to hear their plans for the next few weeks.
If all divs are stopped 262BTC next week (-75BTC hosting and no network increase by then).
177BTC the week after (25% network increase)
177BTC the week after that (network increase will happen that day (11th July))
= Loan paid off by 11th July and then there would be BTC collected for re-investment again. I’ll have to trust you on the producers 1/10th price to self, but cryptx has managed good prices / produced their own boards in the past, but it does look like an uphill struggle. It’s also looking very worrying for a de-centalised network to be cornered by a handfull of chip producers do you not think?
I understand cryptx is maintaining radio silence and I understand why, but it would be very useful to hear their plans for the next few weeks.
Okay, puppet thankyou for giving me very reasonable answers, although the insults really aren’t necessary.
I ran the numbers, assuming 12% increase per week, if divs stopped this week then the loan would be paid back in 3 weeks
I ran the numbers, assuming 12% increase per week, if divs stopped this week then the loan would be paid back in 3 weeks
Ahm.. lol?
You are not actually calculating with a 12% per week dividend increase, are you? Network hashrate is currently growing at that speed, meaning dividends will drop by that speed (in fact, faster since hosting costs remain constant). If that growth were to continue (which even I am not predicting) the loan would never be paid back in full ever, even if dividend payments where stopped today.
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So, a few questions for you, is the cost/GH at cex.io or anywhere else cheaper than here at PETA? Because from what you have said, mining/hosted mining/cloud mining/ being a part of the bitcoin network are not financially viable unless you are producing chips?
Bingo. Or selling hardware or hashrate. Cryptx himself, Im sure is doing just fine.
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And it’s not PETA you have an issue with, but ALL mining.
The problem is inherent to the weird market mechanisms, and certainly not unique to Peta. But peta pricing is completely absurd, it makes even cex.io look cheap. Well, maybe BFL "mining by the gh" is even worse, but I cant imagine they sold any contracts for the past 6 months.
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Are you saying that only the manufactures of chips are now able to afford to keep up with the bitcoin network?
They dont have to keep up, they create the growth, and get paid handsomely for it.
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If so, is it possible to buy shares in said manufactures? 
Yes, you can buy asicminer shares. If you had done that during their IPO, you would have seen several 100% profit, and if you sold near the peak, a few 1000%. Whether its wise to buy now, I'll let you do your own research ( no doubt its far better than peta, but then so is almost anything else).
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So if you have no shares in peta, and think all mining is doomed to fail, are you very busy pointing this out to all of the other bitcointalk mining threads? Why does PETA warrant your time?
I already explained that a few times.
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