Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 65. (Read 565829 times)

100 btc this month...difficulty goes up & hashrate stays the same...maybe 80 btc next month....difficulty goes up & hashrate stays the same maybe 60 btc following month and on and on and ariston

Reread what I wrote, a few times if need be. IM not sure I can explain it any better. The 0.074BTC is the result of those reinvestments assuming they yield 100% (which they wont). Reinvestments are not paid out like dividends, yet Im adding that to the revenue.

It is hundreds of bitcoins a month, how could it not make a difference?  I would really like to know, you have done a good job so far, you just need to finish it.

Neil

How much is the grand total of 0.0074BTC /share reinvestment going to earn? Its impossible to know for sure, but the latest IPO investment will generate less than 30% of the original investment as mining revenue. In those charts, I am counting future re-investment funds as if they will mine back 100% (without guessing when that will happen or what hashrate that would represent, nor what electricity costs would be), That,  if anything is probably extremely optimistic.  As I said earlier, if you think cryptx can do a (re)investment that earns substantially more than 100%, than that is what you want to invest in, not the current petamine shares that will not even break even if reinvestments achieve 500% ROI.


Doesnt change anything, see above. Yes, a cryptx share will in the future represent more than 15GH, but however much GH it represents, its never going to earn more than marginally above what I plotted, and in reality probably substantially less as those reinvestments will almost certainly again yield less than 100%.

ohh.. Almost forgot, you need to add in the public offering funds of over 1000 BTC and the hashrate that involves.

Neil

I don't know if your doing this on purpose or not but your not applying the reinvestment, you are also treating a share as a 15GH mining bond, it is not it is a share in the mining operation no matter what the TH/s is at any time.

I do like your spreadsheet though, if you correct it it would be interesting to see how it works out.

Neil

I ran the numbers and agree with Puppet. I made a decision to pull out of PETA a while ago and going through my options I arrived at the following choice:

1. Pull out now(then) with an 11% ROI(share price increase + divs)
2. Wait 4 divs more and pull out with a  potential 22% ROI(share price + divs)

After much consideration I went with the bird in the hand vs the two in the bush. Time will tell whether I made the right decision or not, but so far so good.

I would say we are on the cusp of an explosion of network growth, and would advise any mining bondholders to re-asses their position/roi's with some of the projected growth rates expected vs the prospectus. We saw the similar change from gpu's to asics, albeit much more dramatically!

There are many different arguments around network expansion and what will happen. The information is there to be read in all the different sub forums. If you do have the oppurtunity take a look.

I do want to say though, as a provider CryptX has been really good. I enjoyed my time investing. Would I invest again in mining bond? Probably not its too risky for me.

Disclaimer: I dont own any peta shares currently, and dont plan to buy in again

Lurk moar.

Exactly who would pay me dhenson and to what purpose?

Anyone paying attention, lots of newbies here that try to pump this hugely overpriced bond, most of whom seem immune to reason, yet no one is willing to accept either a bet or organize a loan that would significantly increase their "profits". Wonder why?


Maybe thats why. Sorry if Im blocking your emergency exit Dhenson.



BTW, how's labcoin doing?



Did you manage to pump and dump those shares in time?  
 Im still waiting for my payment for trying to make you see you were getting ripped off, or were you by that time trying to rip others off?

No it's just one paid shill (assumed paid, I mean why else would he be doing it) using different accounts to talk to himself and FUD the asset.

I can't speak for all long holders of PETA, but I'm just checked out from this thread as Cryptx doesn't post here so there is no reason to continue reading baseless speculation and FUD.

This thread has gotten out of control.

You, guy with creepy communist sciences and degenerate charts!



*You're wasting your time.  Those who trust math didn't invest in PETA, and the ones who did are on to your heathen magik.

To help dispel the reinvestment myth, made another chart. First again, my assumptions for network growth, which so far are seriously underestimating reality:





Note that I start with 7% week network growth and assume a rapid deceleration, in reality its >10% right now and if anything, still accelerating.

still, given those optimistic assumptions, and assuming constant hosting costs based on the latest financial statement, simple arithmetic gives you this result:



So in total each share will yield a maximum of 0.01765 BTC in dividends from the original 15GH and there will up to 0.0074 BTC per share available for reinvestment after the loan is paid back.
0.0177+0.0074=~0.025 BTC per share. That would represent a reasonable value for cryptx shares, if you believe his future reinvestments will make far more sense than his investments to date. And you guys seem to think its wise to pay nearly three times that because..?

Even if cryptx could turn a 0.00739 reinvestment in to a 1000% profit, which is about whats needed to break even on todays price), why would you invest in the current peta mine, and not directly in to whatever miracle investment cryptx will come up with?  Seriously, do some math, make your own simulations. It makes no sense whatsoever.

BTW, those who think my network growth assumptions are way too pessimistic, I seriously doubt that, but even if, then this is what a 3BTC Antminer S2 (2.4 BTC with coupon)  would do under the exact same conditions:



Instead of a 75% loss, it would be between a ~30% loss and a 80+% profit depending on your electricity costs and if you get a coupon (plenty around). And feel free to reinvest every single mined satoshi if you think thats a good strategy.

edit: those who want to play with the numbers, here is the spreadsheet:

http://www.mediafire.com/view/xtovt74dln15iav/crytpx.ods

No, no, isn't PETA (CryptX) paying 5 btc/th, those ppl did that bougth in at last IPO (6.3 btc/th).
PETA bought hardware (around 700th) last month for $1700/th.

Legal threats aside, the company is doing just fine, but you are not buying a share in the company!

Sure, but what money is cryptx going to purchase it with? There is no reinvestment fund for a few months, and after the loan has been paid back,  50% of the mining revenue that will be available for investments will be dust compared todays share price.

Most likely Bert will launch a new security like "zetamine" to raise money to buy AM or whatever other hardware with, but thats not going to be of any use to current petamine holders.

So why is PETA paying 5 BTC/TH when there are cheaper and more efficient options available?

Read my post again. I said they won't sell in the next week.


Please show me where I stated that.

Ah, sorry, I must have missed it in all the FUD and I just assumed that you had some stake.

I still don't see the issue though, it's a solvent company, giving good returns, could pay of their debts and are expanding (at least you say they are).  There does not seem much risk of them going belly up, and you say the guys behind it are basically honest.  Seems like it would be a very risky short to me.

Neil