Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 63. (Read 565829 times)

I hear you but I don't want to sell my shares and put more pressure on the order book

We need to know about future plans, new IPO and loans ASAP

Difficulty is going over the moon and showing no sign of stabilizing

if it continues like that in just a month or two each shares will only reimburse hosting cost

Edit: we should go to 90/10 until we reimburse the loan

 

Got my e-mail notification of petamine dividend payout.  But havelock is down for me (of course).

Don't think I'll be picking up anymore shares atm.  But will be watching closely, still wanting to see this thing take off but starting to wonder if 50/50 was the right call as well.

I was expecting Cryptx to announce about future plans. New IPO and loan. However, there might be no news until we finish paying the loan and hence its better option to short sell the shares.

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.

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

Looks like they are expecting another 32 BTC from ghash then, because right now the petamine address has only 41 btc left.

Estimated FUD 100%

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

Peta Hashing increase Estimate (0%)

~41?  Close.  "73.07432432 BTC as hosting fee"

http://www.reddit.com/r/Bitcoin/comments/28o1c8/petamine_ready_to_switch_1150ths_to_p2pool/

June 20th, 2014 - Dear unit holders,

Details about this week’s dividend payout:
337.48511399 BTC in total from mining and converted NMC’s
- 132.20539483 BTC as dividend (0.00170605 BTC/share)
- 132.20539483 BTC as payment for hardware (538.350818 BTC remaining)
- 73.07432432 BTC as hosting fee

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/

Important issues to consider:
- Pool variance:
A small pool has much more variance, which has a direct effect on block finding and payouts. Currently p2pool has a pool hashrate of 600 TH/s, together with PetaMine the pool rate would rise to about 1.8 PetaHash. The variance of finding a block with p2pool will be much higher than our current pool ghash.io.
- Merged mining:
Our node will merge mine Namecoin but as p2pool does not support combined merged mining with other nodes, our node will solo mine Namecoins.

We look forward to your vote and to help making bitcoin mining more decentralized.

Team CryptX

Looks like the hosting cost is much lower this time around. Down to ~41 BTC from ~74 BTC previously?

looks like they sold a couple of rigs as well 8.46 BTC

so updated div prediction
0.0017292

Unfortunately I too have to agree that peta should be lowering power/hosting costs even further.  Given the fact that entire operation is run on some huge solar/hydro energy plant somewhere it seems as though they should be able to bring electric/hosting fee's down quite a bit.  If something doesn't happen relatively soon I'm afraid all of these nay-sayers might just end up being right about long-term viability of petamine.

The concept of a crypto-currency investment is marvelous. You don't need to fill paperwork, show id… You just transfer X amount and you are already a stock owner. A company located anywhere can get funds from anywhere and pay dividends without fees nor getting robbed paying taxes.

Hopefully in the future we can all invest in companies this way. Companies couldn't cook the books since we all could see transactions/sales.


Like any stock in a common stock market, we should see if the company is a good investment. Just because I like a Big Mac, I won't invest in McDonalds.

PETAMINE has a lot of hash power, has a cheaper GH/s per dollar comparing to CEX.IO, reinvest part of the income to increase it hash power (and increase the chance of having an income)… It looks great BUT:

Operating expenses seems too high in IMHO. A mining farm should be where electricity cost is near-zero and having less employees as possible. I would like to see the financials; How much goes to employees, how much goes for electricity… Otherwise I don't know if it is a good investment.

Weeks div guess
0.0016775

Looks like-10% per week, again my projections prove overly optimistic. Fun hasnt really started yet though:

Estimated Next Difficulty 16,274,458,536 (+20.89%)

https://bitcoinwisdom.com/bitcoin/difficulty

Happy days are here again

Can you guys see where this is heading? Back down it is...

https://blockchain.info/charts/balance?timespan=1year&daysAverageString=1&scale=0&address=1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

dhenson, since i've been accused of being every bogeyman from Icebreaker to Eduardo de Castro to Mircea Popescu, I don't usually bother denying such accusations.  For the record, I'll state that I am not Puppet, but I neither expect you to trust me, nor will I be dragged into a debate trying to prove it.
After all, you distrust math and logic, so convincing you would be a tall task.

@Everyone else:  Learn to causation.  Pinkie gifs don't cause the demise of a company.  No more than circling buzzards cause the death of a nag.
No.
Circling buzzards show up 'coz said pony is no longer in the pink, and unloading it on a greater fool a quick trip to a glue factory is the most sensible way to deal with the situation.
@Ponka: U best poney~
@ChevaL:  No offense.

 Happy investing, everyone!

Everyone had the chance to sell all week but they prefer to sell NOW at sub .067 on dividend day?