Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 70. (Read 565833 times)

It's important to note that the "bitcoin' world for investors is volatile in general, so it's to no surprise that bitcoin based investments are indeed volatile themselves. To top it off investing in a bitcoin market with bitcoin as a means of currency add's to the volatility. AND to top that off if it's not volatile enough... invest in a mining company of bitcoin in at a stage in time where mining bitcoin is incredibly difficult.

I don't know about you guys, but PETA is still doing a great job despite all these odds. If you know any better Bitcoin investment, especially a mining investment of bitcoin... let me know. Stay positive! The cryptx team is not about to let the company fall. Slow and careful development is key. If they can expand quick they will, if things don't go as planned (as they have)... oh well.... then re-planning is in order.  

You have been prolific since you sold your shares. Not one post before that.

And I thought you were bad in the Wall Observer thread.

It woud look better if cryptx would start pumping the amount of PH/s, but they are probably to busy watching the electricity meter.

They own 1,187% of the network, almost 50% less than what they promised, wich is reflected in the share price.
It's like a mouse running after a piece of cheese attached to a stick on his back hanging in front of him.

Nah, he has more charisma 

How much do trolling contracts pay nowadays?

(Evidently more than pumping contracts. )

And there you are, on youtu.be 
http://www.youtube.com/watch?v=9bpNivBeTaM&feature=youtu.be

This gift is needed to get out with your pants on or make sure the first investors keep promoting the mine. If it had a viable business plan this gift would not have been necessary.

Somebody can still dump 289 shares and then we've basically hit 0, making the succesrate of the next NEEDED IPO 0%

Right. New investors for 6.33 got 1th for 3.76, and gave a 'gift' of 2.56 to previous investors.

Thats what I meant, since that is what IPO investors got for their money.


If Im not mistaken, thats what "rescued" previous investors who bought in at 0.05 but saw their hashrate increase significantly thanks to the new investors.

I do respect every opinion in this thread, but just a little correction here, it was 3.76 btc/th:

Or did you mean the price IPO was for - 0.095 BTC for 15GH ?

Edit: I wonder where the difference ended: 6.33 (IPO)- 3.76(actual purchase) = 2.57 btc/th?

 
I bought some icecream thanks

Ouch!

Also of note, ~1.6 BTC/TH resale value. Remember the last IPO was for 6.5 BTC/ TH not even a month ago, current bond price represents ~4.2 BTC/TH minus the loan..

I think I sufficiently proved my point by now. Best of luck to those who didnt get out yet.

Well done sir, 1.65BTC came from me  enjoy the donation

Was in it from the beginning, made about 15 BTC or a  bit more. Lucky me.

Selling all your shares is no real viable option anymore, just hope that you:

1) Made it out already with some profit
2) Made it out with break-even
3) Made it out with a loss you can live with
4) Hope that by some wonder they pull it off to raise money from whatever investor, so giving you a chance to get to shore

I picked option 3, because I had no hope for option 4, my own mistake for keeping my pink sunglasses on and buying in, STUPID STUPID ME.

They could have spiked the price share a bit more by some good PR on the whole ghash/p2pool thing, but I think they realized that it's best not to draw too much attention to a dying corpse.

What's left to do is sell all hardware, but cryptx doesn't even manages that at a propper level.
https://bitcointalksearch.org/topic/m.7253218

I'm almost out of this sinking ship. It was a fun ride but atm it's getting nowhere.

I don't care if anybody sells or not, I'm also not trying to save anyone. Everybody makes his own decisions.

Cheaper electricity and bulk prices are a valid point, but then they should atleast make sure that they can keep up and maintain the value of the shares.

As I see it... "IPO 1500TH - 2% of worldwide hashpower"

-Are there 1500TH? NO
-Have they got still 2%? NO
-Will they have enough reinvestemt fund to get back to 2%? Probably NO
-Has the share kept it's value? NO
-Will there be an oppurtunity for a few to still get out at 0.08-0.095? Perhaps
-Will all 77400 shares have an oppurtunity to get out at 0.08-0095 or 0.05? NO

So what is there left to do? Another IPO and hoping that they sell enough shares, hoping that by the time they install the hardware they didn't lost another 0.5% of the network, getting back to 1.5 instead of 2%. The IPO will create some buzz and oppurtunities for a few to get out with a nice profit.

The more GH, the more money cryptx makes, not counting the miners that are paid by investors and are running only for them. Who knows what deal they actually made 4000 or 3900$ gives room for a few free ASICS. Can anyone really know this? It could just be that they aren't as energy efficient as on paper.

But "Hey Jack" I could be wrong.

But 1 thing I'm certain of, cryptx, they are no fools and they figured it out in a clever way.

Have to +1 that. As much as I think this is a toxic asset, I cant fault the issuer, he has been acting exemplary IMO.
Id be happy to invest in some future cryptx venture if it has a business plan I  believe in.

The second IPO opened up economies of scale (cheaper energy costs, bulk buying, etc). We're replacing older mining equipment with new, which might not have been cost effective without growing the mine.

We get it, you saw the light and sold your shares -- that was the right decision for you. But now what? Are you really just here to convince people to sell? By all means, chip in as and when people seek advice, but there are still shareholders (rightly or wrongly) and people with genuine interest that want to discuss Peta without the constant barage of trolling.