Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 80. (Read 565833 times)

I'm a bit surprised with how cheap shares are going for tbh.

True, but we will profit nontheless, with our divs we buy even more shares and hash at higher individual speeds and earn more if it comes down to the price increasing dramatically. 

Troll's are ugly. lol

But, I'm not an anti-anything. Everyone to their own opinion. I just feel like starting a conversation that may lead into positive thinking towards this project and bitcoin as a whole, which both very much are positive experiences. I do agree with the "not looking at it from a 'fiat value perspective'" to some degree, however, sometimes you can't have your cake and eat it too! If the going gets rough then you need to still realize that we operate in a fiat controlled world and in this world it mostly uses fiat for survival and lifestyle and when it comes down to it we don't sell our bitcoins for candy  . So if it gets rough and you can still profit largely on your ROI in fiat then you are successful with this investment, anything else is just added benefit to your success. Everyone goals are different, but we all want profit, so one way or another I believe we will have profit. 

One thing is that assuming btc price rises up to 1000 next week, than our current equipment value equals from BTC4000 to BTC2600.
Although reinvestment fund will increase in USD, makes us buy more Ghs, still total asset value drops a lot.
Than I expect share price would fall due to our asset not worth so much btc.
From this point of view, btc price rises up too quickly is not good to our share price. The best scenario is btc price going up slowly, then we see a stable increasing Ghs and stable share price.

Ummm... You can't look at it from a 'fiat value perspective'. You bought your shares with bitcoin. You either ROI and then some, or you've lost some very valuable bitcoins.

I suspect you are some kind of Anti-Troll.

Well, I did say "not necessarily"  . Everything is merely speculative, while both points you and I made are valid it comes without question that time will only tell as there can be many factors of outcome. Regardless, bitcoins price will rise and as such so will the hashrate both adoption (main-streaming) and rarity (difficulty/Hashrate) will bring the price of each bitcoin quite high. What we mine today will be very valuable in the future, thus if a bitcoin is worth 5 times it is today in the future and we mine less in the future due to hashrate being so high, it "may" still be valued more in fiat and either stay balanced or maybe its value will send itself ahead of the costs of mining. Regardless, if anyone here wishes to ROI largely, then you must look at it from a 'fiat value' perspective and not a BTC perspective. Short term gain players in this investment will have it rough and busy, while long term players must remain to have nerves of steel and patience. However, PETA is designed for Long term gain players, thus the 50% reinvestment has been voted upon. Ever hear of the old childhood story of the rabbit and the turtle running a race and competing against first place?   

Either way, there are two people investing here, short term and long term. Pick your style, or dab in both if your skilled enough. But one thing is for certain, the cryptx team and the Peta Mine project is why we are all here today trading/investing and profiting... what ever your style, enjoy the ride and best of luck to all of us here!

but this is not an instantaneous effect, nor does follow perfectly the price curves.

theres is plenty of room for great returns to get ahead during a BTC price spike, especially if we are putting more in revinvestments during that time then others

While mostly true, it's not contrary to what I said.

A higher BTC price (for whatever reason) leads to a higher hashrate (more people want in on it / old hardware becomes viable again).

Not necessarily now, BTC's value comes not only from 'rarity' from being mined, but also from what "people" believe the value of bitcoin is. The value of what "people believe" bitcoin to be comes from it's mainstream adoption (ability to be used in many places around the world). Much of the BTC's sudden increase is coming from it's adoption by big billion dollar corporations, such as it's newest user in America called 'Dish' and of course the daily adoption of mom and pop businesses and p2p use around the world. Once more trust is established the higher the price will be. This value of Trust is necessary for bitcoin's growth along side it's ingenious 'True' Intrinsic Value.

Higher BTC price -> higher network hashrate. We have more purchase power, but also need to purchase more for the same effect.

Assuming the price of BTC does not increase. If the BTC price increases to what's expected by the bitcoin community we will have more than enough money to buy what we need and our dividends will be shining with profit. Anyone who is mining bitcoin should hold there btc until the next big spike! 

And probably another 5 weeks to accumulate descent ammount of reinvestment to have a "buying power". On the positive, hope bitcoins  goes up and our reinvestment fund, buys more of equipment to get back to 2%... 

Well, on the plus side we only have 5 weeks left to pay back the loan (counting this week) so by July 18th's dividend payout our reinvestment should be contributing to expanding the mine.

)
The grand total for the new 1000 TH hardware was ~2530 BTC (491 mined during IPO + 1075 from IPO + 964 loan)
I think the 500 TH swap is organised with additional hardware on top of the new 1000TH hardware.

But yes as always, some clarification as in financial report, would be nice.

Guys,

what with our reinvestment money from befor IPO and during IPO?

We had 503btc from this period and it was taken without any explanation!

Previously we had 500th now (currently)1160 so they introduce 660th

we have loan for 964btc it seems that our 503btc was taken to add of this amount so whole loan was 503+964 = 1467

So we are paying 1467/660 = 2,22 btc for 1 ths ....

Now Cryptx is selling bitmine desks 1th for 1,6 btc, where is a good deal here?

lets check how many days this new miner have to work for the difference:

2.22 - 1.6 = 0,62btc
0,62btc * 650$ = 403$

old one bitmine consume- 1kwh per 1ths, new one 0.785 kwh per 1ths difference is 0,215 kwh

1khw = 0.25$ so dirrence is 0.05375$ per hour

403/0,05375$=7497 hours it means 312 days....

Am i missing something?


  

Still no update on this, we know that we are sourcing chips and PETA has its own PCB development team but no further information on this as yet

I too would be interested in p2pool option provided we would still be merge-mining the same alt's at some point.

Also interested in hearing an update from cryptx on custom board project(s).

Any news on Peta having their own custom asics?

Can we have some kind of shareholder petition, or could even someone just mail them about P2Pool?

Yeh its not too bad tbh, its hard to pin point it because the hosting fee is in fiat, and it totally depends on conversion rate on Friday.

I noticed on the stats page that we have dropped around 250 GHS today, seems to be something strange going on aswell hence the lower end div prediction.

edit: 300 to 250