[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 62.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: Collider on June 21, 2014, 04:15:09 AM

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!

Collider

hero member

Activity: 714

Merit: 500

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.

In fact, it has lower power costs than on cex.

Puppet

legendary

Activity: 980

Merit: 1040

There is a difference between weak, and virtually non existant. This is what weak looks like (asicminer):

Quote

What counts is the actual price trades are completed at...

Yep, definately same school as Usagi.

Collider

hero member

Activity: 714

Merit: 500

The sell side is always bigger on Bitcoin exchanges because of low volume and because nobody simply holds large amounts of bitcoin in there.

What counts is the actual price trades are completed at...

Especially with Data Tank IPO shortly, nobody just has huge funds lying around on the buy side.
That doesn´t mean they wouldn´t buy it at a lower price though.

Nobody is stupid enough to have large sums in an exchange, you have them in your secured wallet. Why trust anyone with your private keys?

For all the outlined reasons, you cannot compare the market depth of a bitcoin exchange to that of a traditional exchange.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: Collider on June 21, 2014, 03:36:28 AM

Price is at a 7-day high, i don´t know what you are complaining about

You went to the same school as Usagi ?

Collider

hero member

Activity: 714

Merit: 500

Price is at a 7-day high, i don´t know what you are complaining about

Ashitank

hero member

Activity: 560

Merit: 500

Looking at PETA order book , unfortunately only conclusion is people are looking to get out , Asks looks scary.

But that doesnt undermine excellent job CryptX & team have done so far.

blizeH

full member

Activity: 136

Merit: 100

How are you guys voting? And is there anyway to set Havelock to automatically re-invest dividends?

Collider

hero member

Activity: 714

Merit: 500

0% fees p2pool is great

It supports the basic principle of Bitcoin: decentralization

Also nice that it also pays NMC.

Also, many more people should join p2pool once it increases in hashpower.

Raskul is currently setting up an Iceland p2pool node, and from my hosted unit in Iceland i get pings of under 1ms to it

kenmomotaro

member

Activity: 66

Merit: 10

Quote from: nwfella on June 21, 2014, 01:23:26 AM

Just cast my vote for p2pool. Let's get this party started.

Vote for P2Pool too! And ready to point my miner to it.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Just cast my vote for p2pool. Let's get this party started.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: dhenson on June 20, 2014, 06:13:36 PM

Twice I have purchased mining equipment from KNC, acheived ROI+ and then sold the equipment for 2-3x overall profit.

Early Jupiter preorders were 50-100BTC. Are you telling me you earned 2-3x that?

Besides, I was talking about mining securities. Ive not heard of any ever that achieved a positive ROI. Mining gear occasionally has, but very rarely btc denominated, and in fact only really first generation Avalon and KnC if you happened to order during the BTC bubble. The reason for that is that every other manufacturer was hugely delayed and both companies where about the only ones shipping, even though market prices reflected the expectation of many more companies, all of which customers got burned badly. We have around 10 companies shipping now, so thats never gonna happen again.

Anyway, enjoy your massive 2.5% weekly dividend for as long as it lasts:
Estimated Next Difficulty: 16,539,835,376 (+22.86%)

Network hashrate: 121PH.
Cryptx: 0.95%

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: vaguhs on June 20, 2014, 06:41:04 PM

Hey mining is never profitable ! This is why the bitcoin network is down due to lack of hash!

apparently neither is investing in cryptx at this point. no real buy support until 0.04722169

This really isn't looking too good imho.

vaguhs

newbie

Activity: 20

Merit: 0

Hey mining is never profitable ! This is why the bitcoin network is down due to lack of hash!

y4m4aa

newbie

Activity: 4

Merit: 0

Quote from: Puppet on June 20, 2014, 05:19:36 PM

"insanity is doing the same thing over and over again and expecting different results"
A. Einstein.

So that's basically what you are doing in this thread you still think people care for your opinion... But they don't and it won't change. So for god's sake leave this thread! Don't you have a life? Do something you like. You can't seriously tell me writing on a internet forum about a security you are not invested in is what makes you happy.
Or do you see yourself as some kind of hero if your predictions become true?

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: Puppet on June 20, 2014, 05:19:36 PM

Essentially what (re)investing does is spending (mining revenue) on extra mining hardware and expecting that this time, the new hardware will provide > 100% ROI, even though the previous investments didnt and will never even come close.

"insanity is doing the same thing over and over again and expecting different results"
A. Einstein.

Borrowing money to invest in something that historically has never yielded a positive ROI is even more insane.

Twice I have purchased mining equipment from KNC, acheived ROI+ and then sold the equipment for 2-3x overall profit.

I don't see how you can claim that mining has 'never yielded a positive ROI' when Avalon batch 1 was insanely profitable. In fact, every batch 1 KNC purchase should have greatly exceeded ROI.

Puppet

legendary

Activity: 980

Merit: 1040

Essentially what (re)investing does is spending (mining revenue) on extra mining hardware and expecting that this time, the new hardware will provide > 100% ROI, even though the previous investments didnt and will never even come close.

"insanity is doing the same thing over and over again and expecting different results"
A. Einstein.

Borrowing money to invest in something that historically has never yielded a positive ROI is even more insane.

altoidmintz

full member

Activity: 180

Merit: 100

After Economics: Learning is just the first step.

Quote from: cryptoconomist on June 20, 2014, 02:40:31 PM

June 20th, 2014 - Dear unit holders,

...

We announced to further examine and experiment with p2pool last week. We have set up our own p2pool node ( http://pool.petamine.co:9332/static/ ) and after several days of testing we can confirm that it is running stable and are ready to direct the entire PetaMine to p2pool.
Therefore we are issuing a vote whether or not to switch to p2pool. The vote will only be valid for current unit holders and held until Wednesday, June 25th 2014 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will direct our hashrate to p2pool.

Click the link below to place your vote:
https://nl.surveymonkey.com/s/5KVLXD3

Take a look at our public p2pool node (0% fee, so you are welcome to join):
http://pool.petamine.co:9332/static/

...

+1

blizeH

full member

Activity: 136

Merit: 100

Is there anyway to automatically re-invest the dividend?

cryptoconomist

full member

Activity: 226

Merit: 100

Quote from: MPalokaj on June 20, 2014, 03:40:18 PM

Quote from: cryptoconomist on June 20, 2014, 02:58:36 PM

Quote from: vaguhs on June 20, 2014, 02:56:57 PM

Quote from: cryptoconomist on June 20, 2014, 02:51:43 PM

Estimated Next Difficulty: 16,264,526,213 (+20.81%)

Peta Hashing increase Estimate (0%)

Estimated FUD 100%

That's no FUD I'm an early investor and I'm worry that my shares will mine 90% less very soon

the loan and reinvestment strategy is killing us

How do you deduce this is killing us? We nearly doubled dividends after the loan and during the reinvestment.

FUD would accurately describe what you are doing. Wanting to pick up some cheap shares of a very well paying project?

Early investor means nothing. I'm one too, yay.

Muppet

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 62. (Read 565829 times)