Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 71. (Read 565833 times)

It seems they have plenty of room to grow in the height, and the heat doesn't seem a problem, snow still not melting on the roof...

One more thanks from me. I started the "difficulty is rising" trolling few days ago and finally managed to read all the following posts. I was too lazy to do my own homework too before spending money, but this happens to me when betting too small part of portfolio into something . So thanks to Puppet for doing thorough analysis and also to thread owner for letting people put their opinions and not deleting them.

Closer to the truth: sell both units for $4000 and pocket $8000. Keep doing that until your pile of cash is big enough to deploy something like KnC's datorhall,






And thereby kill the ROI of all your former customers with hardware paid for by them, costing only marginal production cost, and electricity costs far below any residential miner:

But even then, rather than self mine with your new megamine, it turns out its actually better to rent/sell that hashrate for as long as people are gullible enough to overpay for cloudmining.

This is exactly what KnC,  Cointerra and Bitury/cex.io have been doing. Like I said before, you dont win this arms race unless you are an arms dealer.

They have to prove that they can keep paying dividend, invest enough in new hardware to keep up with the increase in hasrate and difficulty, WITHOUT doing IPO's again and again. The IPO is to bring in additional money to get back ahead of the increase in difficulty, it is the proof itself that reinvesting isn't enough. Them giving a loan is no real incentive from their part, because they know that the loan will get paid back either way.

So the only way is for Cryptx himeself to buy a bunch of shares at IPO price...

Bid support is almost none existant, the sell pressure however is increasing.

People forget that a good dividend share needs to keep it's value, otherwise it's like getting the water out of a boat with a hole in it, you can keep doing it for a while until somebody comes along with a bigger bucket or you get tired and the boat sinks.

Meaning the IPO's are the buckets, but at some point nobody comes anymore with a bucket.


Also last night it popped into my head, if you are a manufacturer of ASICS and you have build 2 units, look at the build cost, figure out the sell price, wich would be for example 2000$. Now I'm going to sell 1 unit for 4000$ and put 1 FREE unit in my own mine. For every unit I sell to another miner, I can put 1 in my own mine for free, so by the time the miner gets home plugs in his brand new top of the line ASIC miner, he's allready too late.

Try competing against that scenario.

Let me suggest an alternative investment strategy to you; if you burn half your money, and with the remaining half you buy a lottery ticket, you may just win $10M. Therefore, burning half your money may actually make sense. Right?


Other than than my google calendar, correct.


BS.


There are plenty of people trying to educate cex.io bagholders and countless threads on BFL. This thread had almost nothing but newbies all of whom seemed to think Peta's proposition is somehow a novel concept that is going to make them a profit.


Judjing by the numbers, its a far worse story. 
Besides, let me tell you what would happen if cryptx at some point could get some killer deal from any of the chip manufacturers; since no one is going to buy in at IPO price anymore, to actually raise capital,  he will  do what every mining security issuer before him did, launch a new security, call it ZetaMine or CryptY and allow cryptx investors to "upgrade" to crypty.  Gigamining/terramining all over again.

Thank you, i was not aware, and hence I appologize.

 

http://www.investopedia.com/terms/b/bag-holder.asp

You keep saying bag holders, there is no bag holders here. Hera are people with little funds holding max 100-500 shares. Noone of 5% so far said a word in this thread...

Yeah yeah yeah. So we dont have another 12 weeks dividends(6 weeks for loan, 6 weeks to get a reinvestment fund), still though, the reinvestment fund will be at least 300-400BTC. With bitcoin price 700$ that would be 210k-280k. Now lets say, BTC price will be 1000$ so fund would be 300-400k. Enough to jump back in business. Now, its ridiculous to assume that btc price would be 2500$ in 12 weeks, but in this very unlikely scenario, our fund would be 650-800k...

Puppet is a man with no agenda. Man with hundred accounts.The only agenda of his is to save the world and he does it by living 24/7 in the PETA forum to educate people. Puppet, you would save thousands of lives if you stay on Cex troll box.

Yes, mining is not profitable if you buy a miner at the market price. However, if you buy chips in large quantities and make your own boards, thats a bit different story. PETA does not have to growth as fast as the network is growing.1) Network growth will inevitably slow down. 2) All we need to do is to stay in the range of 1-2% thats it. 3) Its not correct to assume that each time difficulty jumps, PETA also has to deploy machines, because we get a better price buy buyng more at a time so collect reinvestment fund and then jump, whait 3-4 months and then jump.

Also, PETA constantly updates the machines, so after 3 months , what we have now will be sold to willing buyers and better performance/maintanance ratio machines will be acquired, as it is right now.

Mining in itself is a risky business, so should be attacked as whole, but not PETA in particulary as a bad choice.  Out of all cloud mining options that exists, PETA is the best one.

Its going  faster than even I had thought. Current hashrate according to blockchain: 115PH  
Cryptx share of the network: 1221 TH / 115 PH = 1.06%
That 2% goal sounds like a distant pipedream and  with 8+ weeks of no reinvesment and thus further decline ahead even 1% is completely out of reach. 0.6% will be closer to reality before the loan is paid back. Good luck bag holders.

^Enough to keep the local conspiracy buffs pickled in paranoia.

How many accounts do you run?

^Stop being insulting.  Do I suggest that you enjoy getting repeatedly raped by the issuers of various "securities"?  Don't think the thought hasn't crossed my mind, but proper etiquette dictates I keep those suspicions to myself.

Besides, had I ulterior motives for educating you, I would say "no, I do not invest."  If I do not invest, I would also say "no, I do not invest."  So your question is rather unenlightening.

You spend an awfully long time here in the Securities sub-forum. Are you sure you don't invest?

I assure you cryptx' CEO does, and the bitcoin related businesses that actually have a sensible business plan (and capable management) dont seem to have any problem securing VC capital. I sure wish I could have bought shares in Bit-pay when it launched and would still very much like to invest today, but they didnt need an unregulated BTC IPO to get their funds.


I agree, there are cases where it makes sense, like AM,  but just asking yourself the question will in the vast majority of current bitcoin related securities reveal it does not make sense. For instance, if bitcoin-trader pays out 3000% interest per year on fiat and BTC deposits alike, allegedly by "margin trading", it doesnt pass the sniff test of why they would need (ever more) external capital.


Pretty much none of the securities trading on either exchange were worth anything anyway. Closing down only exposed faster how worthless these things were.

Banks don't loan money to "Bitcoin businesses" for the same reason you shouldn't--it's a sucker's bet.

Plenty of reasons. Most banks won't give bank accounts to Bitcoin businesses let alone loans. Individuals might not have access to VC or angel investor types. Even if they do, competition is fierce and the demands in terms of profit shares or shares of the company might not be favourable.

There's nothing inherently wrong with fundraising in this way (or similar initiatives - crowdfunding, etc), ignoring the obvious (i.e. securities laws).

Unfortunately, scams are scams and BTC-TC and Bitfunder shutting down hit the BTC unregulated securities markets hard.

That would be an entirely different scenario, and you indeed would have to raise some money somehow, BUT from what I understood, they had the money + they even had the mining gear running, but then they saw they were killing themselves and then came the first IPO, to save the first wave of investors (themselves), in May we had the  second IPO to save the second wave of investors.

This still can be profitable for some, depending on when they got in and if they got out in time, I myself have saved a few last saturday  

PS: going for 2 million instead of 1, makes no sense if 1 million is enough to get started and it is profitable in the long run, you'll just end up splitting up you profits, if you had no money and the idea was good and profitable, buy back ALL SHARES ASAP, so you can become rich on your own.