[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 84.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: _biO_ on June 07, 2014, 05:58:40 AM

Now go back to december 2013 and use the data that was available at that time to make a similar forecast and see where that lands you.

The first batch of investors was temporarily saved by freebies that came at the expense of later investors. Is that a business model you think will continue, and is that what you are betting on? Because there is a word for that.

Still, you are correct its useful to go back in time. Since no one here can seem to bother looking up gigamining, bitbond, puremining, BTC-Mining, BMF or *ANY* bitcoin mining security ever, lets instead have a look at Crytpx' own projections:

https://docs.google.com/spreadsheet/ccc?key=0AjI5bgsiFJAidFdzOTk1aXl6cS1zNG1nck5OZjRBeXc&usp=drive_web#gid=0

By his estimate today's network should be at 61PH. In reality its ~90PH.

He was also expecting to mine 409.47 BTC / 36504 shares = 0.0112 BTC / share /week.
In reality he achieved 402.33 BTC / 77492 shares = 0.0051 BTC / share /week..

Good thing he is gambling with your money and not his own. I think Im going to refer to Cryptx as "Mr 50%" from now on.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: spartan82 on June 07, 2014, 10:13:13 AM

Quote from: NotLambchop on June 07, 2014, 10:05:27 AM

Quote from: spartan82 on June 07, 2014, 09:49:38 AM

Quote from: NotLambchop on June 07, 2014, 09:18:50 AM

@ujka; spartan82: Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

You obviously never dealt with drugs before and youre using it as an example, but unfortunately ur pointing at the street level junkies, so ill break it down for you buddy.. Higher bankroll, bigger outlay means bigger discount when bulk buying.

Lol, you obviously have dealt with drugs before, buying into this financial crack. Sorry it turned out to be sheetrock Undecided

Keep living large, rockstah!

Don't hate on everyone because you bought late and sold too early.. Ull survive. Hope you didn't lose more than you could afford. You'll get back up there lamb chop, just be wiser with your Bitcoin next time round. Your fuck ups don't count as reasonable grounding to be giving everyone on here financial advice. Start a new thread offering tips and investment advice as a stock broker and quit trolling this thread champion. Hope it works out for you

D00d, I ain't hatin' on you, just enjoying watching cryptex lovin' u up teh butt Cheesy

(and stop being insulting, I have zero coin in the absurdity known as PETA and her retarded sister, SCRYPT.)

*If i catch you huffing my floor cleaner again, I'll have to start buying the cheap stuff. In bulk. No more fresh pine scent 4 U!

spartan82

hero member

Activity: 658

Merit: 500

Quote from: naaktslak on June 07, 2014, 10:11:06 AM

But since when does peta use loans to buy mining equipment? I thought all the equipment were bought with our buy in money?

They do, but there were more shares offered as another IPO to raise the funds, some funds were raised and the rest was lent to PETA by cryptx for growing our hash rate with more miners. It was a smart move

spartan82

hero member

Activity: 658

Merit: 500

Quote from: NotLambchop on June 07, 2014, 10:05:27 AM

Quote from: spartan82 on June 07, 2014, 09:49:38 AM

Quote from: NotLambchop on June 07, 2014, 09:18:50 AM

@ujka; spartan82: Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

You obviously never dealt with drugs before and youre using it as an example, but unfortunately ur pointing at the street level junkies, so ill break it down for you buddy.. Higher bankroll, bigger outlay means bigger discount when bulk buying.

Lol, you obviously have dealt with drugs before, buying into this financial crack. Sorry it turned out to be sheetrock Undecided

Keep living large, rockstah!

Don't hate on everyone because you bought late and sold too early.. Ull survive. Hope you didn't lose more than you could afford. You'll get back up there lamb chop, just be wiser with your Bitcoin next time round. Your fuck ups don't count as reasonable grounding to be giving everyone on here financial advice. Start a new thread offering tips and investment advice as a stock broker and quit trolling this thread champion. Hope it works out for you

naaktslak

full member

Activity: 219

Merit: 100

But since when does peta use loans to buy mining equipment? I thought all the equipment were bought with our buy in money?

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: spartan82 on June 07, 2014, 09:49:38 AM

Quote from: NotLambchop on June 07, 2014, 09:18:50 AM

@ujka; spartan82: Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

You obviously never dealt with drugs before and youre using it as an example, but unfortunately ur pointing at the street level junkies, so ill break it down for you buddy.. Higher bankroll, bigger outlay means bigger discount when bulk buying.

Lol, you obviously have dealt with drugs before, buying into this financial crack. Sorry it turned out to be sheetrock Undecided

Keep living large, rockstah!

spartan82

hero member

Activity: 658

Merit: 500

Quote from: NotLambchop on June 07, 2014, 09:18:50 AM

@ujka; spartan82: Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

You obviously never dealt with drugs before and youre using it as an example, but unfortunately ur pointing at the street level junkies, so ill break it down for you buddy.. Higher bankroll, bigger outlay means bigger discount when bulk buying.

NotLambchop

sr. member

Activity: 378

Merit: 254

@ujka; spartan82: Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: stompysteve on June 07, 2014, 07:34:51 AM

Why post charts where it shows we die in 10 weeks but fail to mention we will start reinvestment at some point

I guess thats the problem with pretty pictures, if you post pics, people stop reading Roll Eyes

Because of the reinvestment, you will never realize the sum of dividends I plotted in that chart, you wont even get close. You werent paid the 0.0042 BTC first dividend shown there either, were you? THink of it as a best case theoretical scenario.

Instead of 0.052, the sum of all divs will be ~0.025 (@50% reinvestment) plus whatever your "re"-investments will earn. How much will that be? If future investments are just as "successful" as the current one, each round will roughly cut the invested sum in half. So 0.025BTC mining revenues reinvested will yield 0.0125 in mining revenue, 50% of which will be paid out as divs (0.0062) the other half reinvested yet again to be decimated yet again. In the end that would yield an overall dividend of ~0.033 after an infinitive number of reinvestment cycles. Three cheers for reinvestment! BTW, to achieve a positive ROI in total, based on the same network assumptions, those reinvestments will have to be four times more profitable than the current one. Good luck with that.

spartan82

hero member

Activity: 658

Merit: 500

Quote from: ujka on June 07, 2014, 08:54:32 AM

That's what the former Chief of Tax Administration in my contry said: what would you rather - be saving money for all your live and buy a yacht when old, or take a loan and buy a yacht and enjoy on it now?

Lol I like your way of thinking my man! But in all seriousness money don't come free, u need money to make money so if that means taking a loan now to step up big and keep ahead in the long run then why the hell not. The future deals from chip developers and miner fabrication costs will be the most crucial part of this operation. If cryptx can deliver miners cheaper than most can order them for then we are winning all the way

ujka

hero member

Activity: 630

Merit: 500

That's what the former Chief of Tax Administration in my contry said: what would you rather - be saving money for all your life and buy a yacht when old, or take a loan and buy a yacht and enjoy on it now?

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: ujka on June 07, 2014, 07:59:28 AM

It seems to me that this way of getting new hardware (loan from CryptX, buying a big chunk of new hardware at once, then paying back the loan) is better than buying few miners every week. Will CryptX be able, and willing to do that again in 6 weeks when this loan is paid back?

~ujka discovers the wonders of living on borrowed money~

ujka

hero member

Activity: 630

Merit: 500

It seems to me that this way of getting new hardware (loan from CryptX, buying a big chunk of new hardware at once, then paying back the loan) is better than buying few miners every week. Will CryptX be able, and willing to do that again in 6 weeks when this loan is paid back?

ujka

hero member

Activity: 630

Merit: 500

In those charts he charted the whole profit as dividends, no reinvestment. He did mention that 'reinvesting will stretch the losses over a longer time'.

stompysteve

hero member

Activity: 574

Merit: 500

Why post charts where it shows we die in 10 weeks but fail to mention we will start reinvestment at some point

kenmomotaro

member

Activity: 66

Merit: 10

Quote from: _biO_ on June 07, 2014, 05:58:40 AM

Now go back to december 2013 and use the data that was available at that time to make a similar forecast and see where that lands you.

Agree this, we are at worse position when Dec 2013 than now.

Dec 2013: Late delivery, expensive Ghs, high hosting fee, 20%+ difficulty increase.

Now: Immediate delivery from Bitfury. The most cheap and most efficiency hardware. 37.5% reduce in hosting fee. 12%+ difficulty increase.

All these factors now getting better and still some trolls say Petamine is going to doom.

We've been through all these shit and we are still here, 50% more than initial ipo 0.05.

oma5

newbie

Activity: 37

Merit: 0

Quote from: Anotheranonlol on June 06, 2014, 03:35:39 PM

Impressive dividend.

If you aren't withdrawing divs from havelock, nor reinvesting them it might make sense to stick some bids up
you can put them low on the off-chance they get filled. Better than leaving them on wallet doing nothing
More buy support is never a bad look

Agreed!

EdoBcn

sr. member

Activity: 241

Merit: 250

yep, still here.

So, assuming I purchased some shares at last available ipo price, given yesterday div and current price on marcket for the shares I paid, would everyone agree I should be happy, or that I'm screwed?
Oh wait, lots of people here entered at first ipo at 0.05, so still 50% profit for the shares, without counting the div accumulated until now. So yes, those guys are still very profitable.

hum, it looks like the market decided that each share should be valued arount 0.075. So big mistake in first ipo and new ipo (under and over).

anyway, it will take quite some time to see this operation collapsing, if ever. Nothing to fear for the next few months. I may come back

2.x% weekly, not bad

Puppet

legendary

Activity: 980

Merit: 1040

Quote

Look at the "normal" companies and how much dividend they pay, even 10-30% annual dividend is really good return.

What "normal" companies have assets that devaluate on average by 7% per week? That is 3300% per year, that makes Zimbabwean hyperinflation look decidedly mild.

Quote

What you are effectivelly saying is that mining is unprofitable and is bound to collapse unless you make your own hardware.

Im not saying anything will collapse, other than your bitcoin wallet. Nor am I suggesting in any way that cex.io is better. And Im not even suggesting anyone stop mining, I suggest you think before you invest more precious bitcoins in mining. BTW, you think it is coincidence virtually everyone arguing against me here has been around for less than 6 months ? People who have been around for years have seen this movie several times before and know how it ends. Sorry to be such a spoiler.

BiteMyShinyMetalAss

hero member

Activity: 617

Merit: 509

Crypto Card - https://platinum.crypto.com/r/28cz7d

Troll and thats it. Puppet, why are you in this forum waisting your energy surelly you can be making money somewhere else?
Saving the world? Saving money of poor people who might invest?
Look at the "normal" companies and how much dividend they pay, even 10-30% annual dividend is really good return.

What you are effectivelly saying is that mining is unprofitable and is bound to collapse unless you make your own hardware.
Hence according to you, everyone should stop mining and let it do to the companies producing hardware. Instead buy bitcoins and put in the paper wallets.
Oh, i forgot, there was this guy, bcmine, and then he dissappeared and puppet came! Nice! Why dont you explain us again how cex.io is better than cryptx?

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 84. (Read 565833 times)