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Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 61. (Read 565829 times)

newbie
Activity: 56
Merit: 0
I'm completely out, I feel like missing the guillotine Smiley
Just put up some nice buy orders at 0.0000xx

Let em come Cheesy
sr. member
Activity: 378
Merit: 254
Sure.  Like everyone else, I mean to enjoy the fruits of my labor--a rather readable cautionary tale, its cast of finance hobbyists [predictably] losing everything by ignoring the warnings of their betters.

Regarding my "trying to get cheap shares":  I'm no more interested in these than in a case of neurosyphilis.

~Happy investing!
member
Activity: 71
Merit: 10
I post undisputed facts.  You call it FUD.  Only in Bitcoin, folks Cheesy

Sorry I was not just talking about you, I was talking about all the negativy posted by you.. and others in this thread over the past week. I know you are enjoying this dump because you are manipulators trying to get cheap shares OR you feel that you accomplished something after putting so much energy in all these posts to save the poor peasants who invested in.

Either way, well played.
legendary
Activity: 980
Merit: 1040
ROFL. Someone is trying to keep the illusion on havelock, always buying 1 share to boost the "price"

Code:
2014-06-22 09:11:39	1	฿0.05999999	฿0.0600
2014-06-22 09:11:11 3 ฿0.05000000 ฿0.1500
2014-06-22 09:11:11 2 ฿0.05000100 ฿0.1000
2014-06-22 09:11:11 1 ฿0.05000101 ฿0.0500
2014-06-22 09:11:10 40 ฿0.05000111 ฿2.0000
2014-06-22 09:11:10 1 ฿0.05000112 ฿0.0500
2014-06-22 09:11:09 1 ฿0.05100000 ฿0.0510
2014-06-22 09:11:09 1 ฿0.05100001 ฿0.0510
2014-06-22 09:11:08 1 ฿0.05160000 ฿0.0516
2014-06-22 09:11:08 1 ฿0.05200000 ฿0.0520
2014-06-22 09:11:08 5 ฿0.05250000 ฿0.2625
2014-06-22 09:11:07 4 ฿0.05300000 ฿0.2120
2014-06-22 09:11:06 27 ฿0.05353475 ฿1.4454
2014-06-22 09:10:50 347 ฿0.05353475 ฿18.5766

Usagi must be invested in this, he, like no one else understands that buying 1 share for 0.06 BTC really increases the value of  thousands of shares in his wallet by 20% Smiley

Meanwhile, in the real world, no meaningfull bids above 0.02890000. Which is still quite an excellent deal compared to holding this bag.
sr. member
Activity: 378
Merit: 254
I post undisputed facts.  You call it FUD.  Only in Bitcoin, folks Cheesy
member
Activity: 71
Merit: 10
Oh! Lions and tigers and bears. Oh my!



https://tradeblock.com/mining/



How now, brown cow?

I like your first chart. I think all this Fud finally paid off, someone just pulled the trigger!
sr. member
Activity: 378
Merit: 254
Oh! Lions and tigers and bears. Oh my!



https://tradeblock.com/mining/



How now, brown cow?
legendary
Activity: 980
Merit: 1040
Because that is what we have seen so far, no hashrate spikes at all, this is a unique occurrence.

ROFL. You do realize in the past year difficulty went up by nearly a factor 1000x right? 100000% Nothing unique at 25% jumps. What would be unique is sustained <7% week growth wihch is what my simulation is  based on, we havent seen sustained  growth that low  ever since the asic era.

Anyway, tell me, what do you think difficulty will be like by the end of this year?

Quote
Except for that one time we got 3 times what we were promised after 1st havelock IPO

And who gave you that? A good part of it is a loan you will be paying off for an eternity, and the rest from second and third round IPO investors who  already saw  35% of their investment go up in smoke after just a few weeks (more like 50-80% if they own more than a handful of shares).

Good luck finding new suckers for a fresh round of IPO's at even higher prices to bail you out yet again. Not gonna happen, even the stupidity of bitcoin investors has its limits.

newbie
Activity: 38
Merit: 0
Now lets continue being optimistic without ignoring the current reality, and lets assume the current hashrate spike is just a one time anomaly

Because that is what we have seen so far, no hashrate spikes at all, this is a unique occurrence. Except for that one time we got 3 times what we were promised after 1st havelock IPO, and now again... Yup, cryptx has disappointed me time and time again.
legendary
Activity: 980
Merit: 1040
I always said my simulations where very (very) optimistic.

Now lets continue being optimistic without ignoring the current reality, and lets assume the current hashrate spike is just a one time anomaly and after the upcoming  ~25%  adjustment,  network growth will reach a record low average of 7%/week and decelerate further by 3%. It doesnt get much more optimistic than that:



That gives this result



No reinvestments for another 3 months, and cryptx NAV would be ~0.017 BTC / share, and thats still assuming record breaking reinvestment efficiency.
In reality fair valuation is probably around half that, or around 1/10th of its current price.

Ive seen lots of idiocy in the security forums, but this one takes the cake.
sr. member
Activity: 434
Merit: 250
1150/135K=8.5%0.85%

I think you were too bullish.

It seems that a few people have been doing their math, because they are all running towards the exit, luckily they had a bit of PR on reddit.
legendary
Activity: 980
Merit: 1040
Network is at 135PH.
1150/135K=8.5%

"oh no, we need reinvestments! or a loan"

Fun fact: at the current ~12% per week network growth. the loan would never get paid back in full,  and there would never be any funds for reinvestments, and the sum of all dividends would total ~0.01BTC
legendary
Activity: 1610
Merit: 1000
Well hello there!
next week dividend guess: 0.00171831
full member
Activity: 237
Merit: 100
I became a troll,  get out.

Did anybody adjusted Cryptx his Google document With the right numbers?

I did and sold my shares..
legendary
Activity: 1397
Merit: 1019
Bitcoin Difficulty:   13,462,580,115
Estimated Next Difficulty:   16,553,627,942 (+22.96%)

Keep holding Peta & invest more.
sr. member
Activity: 378
Merit: 254
Meanwhile, back at the ranch...

legendary
Activity: 1092
Merit: 1001
Touchdown
Nothing prevents you from reinvesting cex.io revenue or cointerra hosted mining revenue in whatever ratio you want and in whatever asset or equipment you want. The fact that with cryptx you are forced to reinvest half your revenue in the same sinking ship with overpriced hosting fees isnt a pro, its a (huge) con.
Keep fighting the good fight.
legendary
Activity: 980
Merit: 1040
Did you just divide market cap by last 1hr mining to get BTC/TH?. You know full well shareholders are not buying fixed mining contracts. with PETA, as the mine expands so does the amount each share is entitled to proportionally.

Nothing prevents you from reinvesting cex.io revenue or cointerra hosted mining revenue in whatever ratio you want and in whatever asset or equipment you want. The fact that with cryptx you are forced to reinvest half your revenue in the same sinking ship with overpriced hosting fees isnt a pro, its a (huge) con.



hero member
Activity: 588
Merit: 504
Quite plainly, i couldn´t give anything what you think about it.

Is it overpriced price per GH? yes.

More than other hosted gh? no. As such, the price seems fair and will most likely mirror the one per GH on cex.

Cex.io is even more bonkers, Ill give you that. You'd also have to be an idiot to buy hosted mining at cointerra, but they charge $3M/PH for 12 months or 5.11 BTC/TH per year
Peta mining is currently 4.66 BTC/TH
but you have to factor in the loan 538 BTC /1150TH =0.47 BTC/TH
and you have to factor in hosting fees 73 BTC/week  / 1150TH * 52 weeks= 3.3 BTC/TH/year

Total 4.66 + 0.47 + 3.3 = 8.43 BTC/ TH/year

Heck, its actually even more expensive than cex.io!

Did you just divide market cap by last 1hr mining to get BTC/TH?. You know full well shareholders are not buying fixed mining contracts. with PETA, as the mine expands so does the amount each share is entitled to proportionally. . This is in stark contrast to CEX or Cointerra. You also understand that the price of hardware in BTC goes down over time, along with the hosting fee. A loan is a one off payment and not calculated throughout the entirety of the project as you've tried to suggest. A decision can be made to strategically replace hardware, or liquidate entirely, as shareholders in this operation own the hardware. A decision can also be made on reinvestment percentages

About your depth charts, (which are generally weak all around the board on havelock) let's just look at the volume

Code:
AM1	26206	฿0.20120000	buy/sell	฿7.9	฿168	฿5273	฿0.00006500		1.68%	No
AM100 325500 ฿0.00180102 buy/sell ฿0.5 ฿8 ฿586 ฿0.00000062 1.79% No
PETA 77492 ฿0.06800000 buy/sell ฿99.0 ฿511 ฿5269 ฿0.0017        130.46%    No

Despite thin support on buy sides, I've seen shares asks filled more than bids.  

Here is ~24hours in AM

Code:
2014-06-21 04:52:47	2	฿0.20120000	฿0.4024
2014-06-21 02:25:33 1 ฿0.20120000 ฿0.2012
2014-06-20 22:48:46 1 ฿0.20100000 ฿0.2010
2014-06-20 22:48:45 1 ฿0.20100002 ฿0.2010
2014-06-20 18:25:55 1 ฿0.20980000 ฿0.2098
2014-06-20 18:25:55 1 ฿0.20980000 ฿0.2098
2014-06-20 18:25:54 1 ฿0.20970000 ฿0.2097
2014-06-20 18:25:54 1 ฿0.20964518 ฿0.2096
2014-06-20 18:25:52 1 ฿0.20964517 ฿0.2096
2014-06-20 07:33:04 4 ฿0.19420000 ฿0.7768
2014-06-20 07:33:00 1 ฿0.19429000 ฿0.1943
2014-06-20 07:32:57 1 ฿0.19430001 ฿0.1943
2014-06-20 07:32:53 1 ฿0.19440001 ฿0.1944
2014-06-20 07:32:49 14 ฿0.19500999 ฿2.7301
2014-06-20 07:32:46 3 ฿0.19600000 ฿0.5880
2014-06-20 07:32:42 3 ฿0.19617763 ฿0.5885
2014-06-20 07:32:38 3 ฿0.19620000 ฿0.5886
2014-06-20 07:26:40 2 ฿0.20010000 ฿0.4002
2014-06-20 07:25:54 1 ฿0.20020000 ฿0.2002
2014-06-20 04:42:17 3 ฿0.20500000 ฿0.615


Here is just 1.5 hours in PETA

Code:
2014-06-21 06:51:53	1	฿0.06800000	฿0.0680
2014-06-21 06:51:53 11 ฿0.06800000 ฿0.7480
2014-06-21 06:51:52 26 ฿0.06800040 ฿1.7680
2014-06-21 06:51:52 1 ฿0.06800042 ฿0.0680
2014-06-21 06:51:51 1 ฿0.06800076 ฿0.0680
2014-06-21 06:51:50 2 ฿0.06800276 ฿0.1360
2014-06-21 06:51:50 10 ฿0.06802163 ฿0.6802
2014-06-21 06:51:49 3 ฿0.06802253 ฿0.2041
2014-06-21 06:42:10 1 ฿0.06999900 ฿0.0700
2014-06-21 06:00:48 1 ฿0.07000000 ฿0.0700
2014-06-21 05:24:14 156 ฿0.07000000 ฿10.9200
2014-06-21 05:24:14 3 ฿0.07000000 ฿0.2100
2014-06-21 05:24:13 42 ฿0.07000000 ฿2.9400
2014-06-21 05:23:21 375 ฿0.06999999 ฿26.2500
2014-06-21 05:23:17 13 ฿0.06999777 ฿0.9100
2014-06-21 05:23:13 10 ฿0.06999775 ฿0.7000
2014-06-21 05:21:07 1 ฿0.06999575 ฿0.0700
newbie
Activity: 45
Merit: 0
Quite plainly, i couldn´t give anything what you think about it.

Is it overpriced price per GH? yes.

More than other hosted gh? no. As such, the price seems fair and will most likely mirror the one per GH on cex.

Cex.io is even more bonkers, Ill give you that. You'd also have to be an idiot to buy hosted mining at cointerra, but they charge $3M/PH for 12 months or 5.11 BTC/TH per year
Peta mining is currently 4.66 BTC/TH
but you have to factor in the loan 538 BTC /1150TH =0.47 BTC/TH
and you have to factor in hosting fees 73 BTC/week  / 1150TH * 52 weeks= 3.3 BTC/TH/year

Total 4.66 + 0.47 + 3.3 = 8.43 BTC/ TH/year

Heck, its actually even more expensive than cex.io!

CEX.IO: 7.4 BTC/TH + maintenance cost 0.26 USD/GHS/month = 3120 USD/TH/year = 5,2 BTC (@600 USD/BTC)

Total 7.4 + 5.2 = 12.6 BTC/TH/year
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