Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 64. (Read 565829 times)

one month and 53 pages after my last post, the situation looks even more dire than my (optimistic) projections.

i guess the end is near, but it is like watching a train crash in slow motion.

Puppet is an impressively good troll, but please guys stop feeding him... just ignore him and hopefully in time he'll get bored and go away.

I'm not sure where you saw this increase in share price? Can you offload your shares of any reasonable amount (> 100 shares), without dropping the price below 0.065? I think not. It's not because somebody bought 1 share for a price of 0.069, that the value has increased, you need volume...

You also keep pointing out that Puppet is using multiple accounts, can you give some prove of this? Pehaps ask a moderator to verify your bold claims...

Otherwise you are no more than a pumper that's trying to get his sell order of perhaps (243/243   ฿0.07899990) sold. If you achieve this, yes you made a good investment, but don't get your hopes up, the peta orderbook is giving a clear sign that more investors want out than in.

 

WTF? Implying Im a deceitful liar with a hidden agenda isnt an attack on my character? Fuck you!

I also post only using one single account, Im also completely honest about my bitcoin investments: they are all in a cold wallet. Unlike you, I have a trackrecord of  exposing scams and making accurate predictions time and again, and have no financial incentive whatsoever to provide misinformation. I truly wish I had, but for some reason no one, you including is willing to either take my bets or borrow me their shares for a fee.



Yes it does if you do the math, but you stubbornly refuse to present any numbers that could possibly show you or any investor making a long term profit. You're just looking for a way out, I know I would if I held as many peta shares as you.

Lets hear your estimate that justifies holding petamine. What will difficulty be like 6 or 12 months from now you think? How many GH will petamine operate? You keep dissing my projections by trying to attack my character, how about you try convincing anyone (including yourself) with some numbers instead?


Actually, with the current hosting and electricity costs, there is nothing long term about this; dividends are heading towards zero by the end of this year, as hosting fees per GH will become larger than the mining revenue per GH. Even if cryptx manages to increase power efficiency by 35% without losing any hashrate, it will only take about a year before dividends effectively become 0 and cryptx will have to pull the plug. And of course in either case, you will not have come close to "paying off" the hardware to the investors who funded it.

Thanks for the wonderful flashbacks to the Labcoin thread
It went full pony for a while with those pinkie pie gifs and weird pictures before things went down the tubes.

Anyways keeps observing this asset time tells no lies after all.

I have to disagree on this point.  The key to wining this mining game is to have a sufficient amount of hardware paid off by the time the exponential growth curve levels off.  We are in the 'acquire hardware' faze that will pay long term dividends once that occurs.

As long as we keep mining and selling equipment to get more efficient hardware we will be well positioned to play the long game.

Puppet/AntiLambChop/WhateverSockAccountOfTheDay we all know your views, you've expressed them, they were I'm sure appreciated by some.  The rest of us are ready for you to go away.

Like I said a bazillion time, reinvestment is the exact same thing as investment except for the source of the funds. There is no "key", or if there is one, its the ROI, not the reinvestment; if your investment instrument yields less than 100% ROI, any subsequent round of reinvestment in the same instrument will only lose you more of your original funds until one day you lost it all.  THink of it as a money changer, you put in $100 dollar and it spits out $90. "reinvest" those $90 and do that over and over, and in the end you have nothing left. Of course the opposite is also true, if you do have a machine that spits out $110 for every $100 you put in, your profits are potentially infinite.

Here is the thing though: Cryptx initial investments are on track to offer a return of no more than 25-40%. Is it wise to reinvest your money in such an instrument? No mining security ever has produced 100% ROI or even come close. Yet in my simulation I am assuming the reinvestment fund will yield 100%. While highly unlikely, Its not impossible it will yield more, but if you believe it will yield  more than that, then you will want to invest only in those (re)investments, not in the current asset, or at least no where near the current price. It would be unthinkably stupid for cryptx to come up with something that would certainly  yield >>100% yet limit himself to investing only the pocket change that will be in the petamine reinvestment fund. Ergo, he would launch another security.

Quoted for brilliance and posterity.

Distilled poesy!1!

You'll get your Ponka condolences gif, but of that day and hour knoweth no man, no, not the angels of heaven.
Just hang tight, k?

I assure you, he knows much less about the future of this project than both the issuer and large shareholders. Both of which are in a better position to judge long term than majority talking here holding either a trivial amount or exactly 0 shares

I can't call the simulations, 1000's of word's he's put into disparaging the project and detailed chart he's took the time to produce  wrong because they are not and that would be disingenous. surely more effort than the average investor would of taken. the 'math is sound' just so say simply simulations are not reality.

We're not hearing the death rattles yet of size 50pt chopinscript and pinkie pie gifs yet, but there is a familiar and pungent scent of high functioning autism clogging up the pages recently. The lower shareprice gets the thicker the flow of annotated charts and various memes will come, it becomes a safer bet at that time to be on the opposite side of supporting, similar to how vultures swoop at the smell of death.  Perhaps it might get too overwhelming for some casual onlookers. Anyone is free to make their own decisions.

^
Pinhead. 

^That's exactly what all the Active Miners used to say.  Now their "shares" are worthless, going for ~0.2% of the issue price.
+1

Exactly!

+1

Exactly!

Its another 5 weeks without actual "news" from Cryptx, so its possible to put the price down to as low as 0.03 by talking people out of it.
To be honest, they are right if nothing changes here, but we saw many times, that Cryptx works to ensure PETA succeed.

Why else, someone would dedicate so much time and effort without getting no return. This doesnt make sence.

That is what I am wondering, perhaps Puppet knows something that we don't but in my own mining I know re-investment is key and he seems to imply (as in misses it out of his equations) that they are not doing it or miss-managing it.

Neil

P>S> I am really learning heaps from this thread

Its most likely new IPO after we finish paying loan, and another 1000BTC loan. So we will back in business. In fact, we wont even need an IPO, only just another loan to get cheap AM chips and use in house mande boards...

Puppet is right saying, that according to the given information it is a sinking ship. However, up until now Cryptx did a really good job for the success of this mine, why suddenly Cryptx would decide to dump this project?

So what is happening to the re-investment?  50% for re-investment, 50% for dividends (after payback and expenses or coarse, not counting the public offers).

If your saying that they are not re-investing, then yeah, I agree its a sinking ship, but that is not what they say is going on.  (One does wonder what they are doing with the re-investment funds though).

Neil

yeh hence i said hashrate stays the same...

No, zero this month. And zero next month. Share holders still have 670BTC to pay back.