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Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 86. (Read 565833 times)

hero member
Activity: 630
Merit: 500
You're nuts. 2.1% per week is stunning. That's 100% per year.

Yeah, except, its not. Your mining revenue and the value of the hashing power which is your fundamental share value is dropping by 7% per week. Cant believe how people still fall for this after all these years.



Except the share value is not dropping 7% per week.
0.0975 last week, 0.0725 now. That's >20%!  Cry
full member
Activity: 174
Merit: 102
You're nuts. 2.1% per week is stunning. That's 100% per year.

Yeah, except, its not. Your mining revenue and the value of the hashing power which is your fundamental share value is dropping by 7% per week. Cant believe how people still fall for this after all these years.



Except the share value is not dropping 7% per week.
legendary
Activity: 980
Merit: 1040
You're nuts. 2.1% per week is stunning. That's 100% per year.

Yeah, except, its not. Your mining revenue and the value of the hashing power which is your fundamental share value is dropping by 7% per week. Cant believe how people still fall for this after all these years.

full member
Activity: 174
Merit: 102
Nice and well, CryptX, but what's with the reinvestment funds from last two weeks when there were no dividends? Isn't that directed to repay the loan?

Yes, please clarify!

Edit: So the grand total for the new hardware was ~2530 BTC (491 mined during IPO + 1075 from IPO + 964 loan... and maybe more reinvestment funds?), for 1000 TH/s. Is this correct?

Also, we won't see upgrades in the next two months, since repaying the loan takes another 5-6 weeks alone?
Can't be. They wrote the prospectus with details of how much dividends have to be invested after IPO depending on the number of units sold. How could they include btc minted during IPO, before the IPO?  Wink

"PetaMine has already a capacity of 500 TH/s of hash power. This hash power will be added to the new hardware purchased with funds raised in this IPO. Furthermore, all dividends from the existing PetaMine between 9 May, 2014 and the end of the IPO on 31 May, 2014 will also be invested in the new hardware."
hero member
Activity: 630
Merit: 500
Nice and well, CryptX, but what's with the reinvestment funds from last two weeks when there were no dividends? Isn't that directed to repay the loan?

Yes, please clarify!

Edit: So the grand total for the new hardware was ~2530 BTC (491 mined during IPO + 1075 from IPO + 964 loan... and maybe more reinvestment funds?), for 1000 TH/s. Is this correct?

Also, we won't see upgrades in the next two months, since repaying the loan takes another 5-6 weeks alone?
Can't be. They wrote the prospectus with details of how much dividends have to be invested after IPO depending on the number of units sold. How could they include btc minted during IPO, before the IPO?  Wink

Edit: took the time to read all CryptX posts on last IPO, and now understand - they estimated mining profit for time of IPO and included that in calculations.
legendary
Activity: 1610
Merit: 1000
Well hello there!
Halfway decent dividend.  Keep up the great work fellas.

Noticed the 50/50 split took the prize...will be interesting to see what kind of rocking deals cryptx can arrange for us with that kinda juice Wink
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
It looks like Petamine is giving out a good dividend and has decided to go with a 50 50 split
Well best fortunes and to the hashrate
full member
Activity: 226
Merit: 100
div should be 10% or less until we reimburse the hardware...

3 difficulty jump at 15% each time will kill us for sure
hero member
Activity: 711
Merit: 532
Quote
- 162.69622134 as payment for hardware (801.3037787 BTC remaining)

So even if difficulty would remain the same, thats 5 weeks of no reinvestments. Of course difficulty did just change and is bound to change at least 3 more times before the loan is paid off, so you are probably looking at closer to 2 months of no reinvestment.  Current hashrate of petamine is 1.3PH in a network of ~90PH, or 1.4%. By the time the loan is paid off, it will be well below 1%

As for the "impressive" and "hefty" dividend, maybe Im missing something, but 0.00209952/0.0975 = 2.1% of the IPO price. The network is growing by >7% per week. Any math geniuses want to guess how long it will take to earn back the principle through divs? Thats right, forever and then some.

You're nuts. 2.1% per week is stunning. That's 100% per year. Will we be able to keep that up, eh, who knows -- but the data point we have right now, this week's dividend, 2.1% this week... there is no rational way to call that bad. Yes, you do seem to be missing something.

Edit: Also, largest dividend ever! But yeah, totally a bad sign. ?!?!
legendary
Activity: 980
Merit: 1040
Quote
- 162.69622134 as payment for hardware (801.3037787 BTC remaining)

So even if difficulty would remain the same, thats 5 weeks of no reinvestments. Of course difficulty did just change and is bound to change at least 3 more times before the loan is paid off, so you are probably looking at closer to 2 months of no reinvestment.  Current hashrate of petamine is 1.3PH in a network of ~90PH, or 1.4%. By the time the loan is paid off, it will be well below 1%

As for the "impressive" and "hefty" dividend, maybe Im missing something, but 0.00209952/0.0975 = 2.1% of the IPO price. The network is growing by >7% per week. Any math geniuses want to guess how long it will take to earn back the principle through divs? Thats right, forever and then some.
hero member
Activity: 711
Merit: 532
And assuming no major fluctuations in BTC prices, even with no growth of the mine next week's dividend should be just as hefty since there won't be a difficulty increase between now and then. Awesome.
full member
Activity: 174
Merit: 102
Nice and well, CryptX, but what's with the reinvestment funds from last two weeks when there were no dividends? Isn't that directed to repay the loan?

Yes, please clarify!

Edit: So the grand total for the new hardware was ~2530 BTC (491 mined during IPO + 1075 from IPO + 964 loan... and maybe more reinvestment funds?), for 1000 TH/s. Is this correct?

Also, we won't see upgrades in the next two months, since repaying the loan takes another 5-6 weeks alone?
hero member
Activity: 711
Merit: 532
but shouldnt we get like about 0.004 a share at 1500 th/s?

No.
full member
Activity: 219
Merit: 100
but shouldnt we get like about 0.004 a share at 1500 th/s?
member
Activity: 95
Merit: 10
happy with that, thanks CryptX. Looking at the wallet https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6 its looks like 50/50 was passed!

hero member
Activity: 588
Merit: 504
Impressive dividend.  Smiley
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
hero member
Activity: 711
Merit: 532
162.69622134 BTC for dividends, 0.00209952/share

Apparently, this. Fantastic!
full member
Activity: 219
Merit: 100
newbie
Activity: 6
Merit: 0
0.0021 check havelock 😉
full member
Activity: 174
Merit: 102
Someone bought 330 shares just now
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