Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 89. (Read 565833 times)

How about a simple bet; 'Investors who purchased PETA at IPO will be able to realise a positive ROI in 6 months time'

 

Anyway, since you seem both sure of your investment, and willing to double down, I have an opportunity for you. I could ask you to borrow me some shares so I can short them, but unfortunately thats not very practical and I dont feel like registering and depending on havelock, so lets make this an escrowed bet. Ill bet you 10BTC that 6 months from now, the sum of cryptx share/bond/'unit' price plus all paid dividends will be less than the 0.0975 IPO price, or shares are no longer publicly tradeable. If you win, you will double your investment, something I dont believe even you will think possible by buying cryptx shares.

Who's game?

My guess for Friday's dividend: 0.00173154/share

Liking what I'm seeing thus far fellas.  Would still love to know how our merged coins are being spent :p

As long as the miners are hashing away and we are growing that's all I need to see. Very happy with that

I guess friday we'll hear that PETA MINE will hash at 1500TH/s or 19.36GH/s per share.

They didn't even bother to update the bullet points on http://www.peta-mine.co ... still shows 1500 TH/s

At the new 1 hour rate of ~1350 we are at 17.5 GH share unless im mathing something wrong

Who cares? If cryptx did indeed pay the price you quote, then he made a nice big fat profit for himself, not for you.

that says nothing about how much they paid for hardware

you are forgetting everyone was increased to 15GH/s

11085 IPO shares sold, 1055.7875BTC
964BTC put forward by Cryptx

659TH/s was added
3.064BTC/TH/s bought


they seem to have bought the whole 1000Th/s anyway, so we have more cheap TH/s that can be readily added from reinvestments

IPO was 0.0975 BTC per share for 15GH/s or 6.7 BTC/TH.


Ill take bets on that. But even if you are correct, you just proved my point. Even you dont seem to think the hardware can ever mine back its IPO price, let alone generate profit on top of all the expenses.

they bought their hardware at around 3BTC/TH/s

each TH bought is going to return(to PETA) 5-6BTC in its lifetime (75% of that return will come in the first 4 months) (unless the difficulty increase rate changes, assumed 2 month doubling time here)

factor in the resale value of those TH and the dropping cost of hardware and you are growing, not shrinking like puppet is trying to convince you

from BTC perspective, a rise in BTC value = hardware cost dropping



ofcourse, if you bleed yourself through dividends too much, it all fails
keep that reinvestment high, stable shareprice through constant/growing dividends
the alternative is an ever decreasing shareprice and dividend


unless you want to claim its impossible for any miner to ROI in BTC, there is no reason PETA cant grow
PETA has access to better prices then the average miners, also no hardware manufacturer is participating in the BTC race, other then ASICMINER
all the others are just selling shovels(profit model is selling cloud contracts, not mining, much less risky and more profitable), not caring about BTC profit

A boom in what? A BTC valuation boom isnt going to help you generate a BTC denominated profit. Au contraire, it will only add fuel to the already explosive network growth (and of course, helps BTC holders like me).

I figure we most likely will only hit 400 BTC at the dividend payout on friday. :s

Well in terms of timing, perhaps having a large hashrate just before a boom will be 'lucky', so maybe we will see ROI. I admit we'd have to be lucky, but it is still a possibility.

Timing is important, but its even more important to understand the fundamentals of the market. When it comes to asic mining, on average anyone who is directly or indirectly dependent on market prices for their hardware, ie, doesnt produce his own chips,  will get shafted. You may get lucky here and there, with clever or lucky "timing", but those instances are the proverbial exceptions that prove the rule; The odds are firmly stacked against you, and this is inherent to the weird market dynamics of bitcoin mining. Its no coincidence that about the only bitcoin mining related security ever to yield a healthy long term profit for their investors was Asicminer, who produces chips and therefor does not fall in the above category. And even that profit is in the double digits, no more than that.

Far too few people understand this, and they just look for the "least worst" opportunity out there. Since there are so many wannebee investors, they create demand and drive up prices (and directly or indirectly, hashrate) in a market that is zero sum, and the result is that there are no decent opportunities for anyone. Maybe cryptx will be among least worst, but its not gonna yield a BTC denominated profit in the long run. All it will do is funnel capital to the asic vendors and their mega mines who will end up owning this market.

BTW, I should add, cryptx is no fool. If he can avoid regulatory trouble, then he will profit too, regardless of his investors ROI. I suspect he also understands the fundamentals all too well.

^A few more:

When the exchange shuts down.
When the issuer runs away.

Puppet its all about timing. i think most folks get burned by greed though

Timing
When to get in(do your market research, look at everyone's opinion subjectively)
When to hodl(div projections to achieve ROI vs share price ROI or a combination of the both, maths)
How long until it turns sour(guessing game)
When to get out(see greed factor)

The Greed factor
e.g. set yourself a goal return (be fucking realistic) ie 15% roi. When you achieve it dont let greed overturn your decision

rinse and repeat

Disclaimer: I have fucked up on pretty much all of these, but learnt the lesson to not repeat it

Im just giving you the facts, like I have been doing for years. Understanding what most of you fail to understand made me reasonably rich, not through shorting (how I wish I could, Id have been filthy rich!)  but simply by not falling in to the traps everyone else keeps falling in. A >10000% profit in a few short years without doing anything is more than enough for me, that I dont understand why everyone keeps gambling their bitcoins on things that can yield no more than single or low double digit profits at the enormous risk, if not near certainty, of losing them.

But yeah, I also do it because I get some perverse satisfaction from seeing people ignore my advice or vehemently arguing against basic logic, and subsequently losing their coins, time and again.

I am heavily invested in this operation so I am not here simply to troll, these are genuine concerns. The reason these things are repeated is because unfortunately no-one so far has provided any information to disprove the assertion.

Edit: although the rising btc price might keep us going a bit longer.

Well, since these shares cannot be shorted, do you mind telling us why you are still here? reminding us every single day of why this investment cannot work? Are you just big hearted and want to save us from our own ignorance??

Stats page is now showing 1338 th, and that's 15.3% over the initial hashrate of 15gh per unit.
Don't know how??