Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 93. (Read 565833 times)

seems like an accidental sell, iv done that before with CFIG, turned 9BTC into 3.9BTC, then i said fuck it and bought a monarch, what a mistake

unlucky for that person but lucky for those who had orders on the book

What I'm wondering is why the loan was made in btc when we probably paid fiat for the miners. Loan repayment should be made in fiat. Unless I'm mistaken, in which case somebody please correct me...but imo this loan looks like a pretty good deal for cryptx and a pretty poor deal for peta

might do just for the lulz. market cap of 0.12

who knows, maybe... havelock? or... cryptx?

Who will be the big man to take us to 0.00000166

Nothing to worry about.  Double down.




Meh.

Somebody just stressed out and pulled the shareprice 50% down by selling a small amount of shares...

Wat is happening With the shareprice....

This topic sounds more and more like a girl forum.  You bitches.

This is true, and it's one of the few ways to make a nice return instead of just mining. Based on what Anonymousg64 was saying, it seemed his plan was to keep buying up new hardware without selling the least efficient of the batch. 



I assumed that was implied by saying "realistically speaking"...I mean, we are talking about BFL here. Anyone who thinks they're shipping in the next three months hasn't taken the time to dig into their past.

+1

If I was cryptx and I wanted a loan paid back ASAP, Dividends would be withheld completely, instead they resume this Friday.

You forgot to ask a small detail: when will it be delivered? Its not gonna be today like in your simulation, I very much doubt it will be this month.


As for this loan; people dont seem to wonder why cryptx so desperately wants to see this load repaid asap and before anything else. Clearly he only wants to (re)invest with your money, and not his own.

Note, we have have different price, so you should reajustd your profit calculation. 


Just summary from the prospecutus:
 1 CryptX has secured a large contract with Bitfury to deliver 1,000 TH/s of the best mining equipment currently on the market.
 2 In addition, the company will keep costs of new hardware low by means of its significant purchasing power.
 3 When necessary, we will replace hardware with more power efficient equipment; this way we decrease electricity costs of the mine even further.

So Cryptx will not produce mining equipment, but rather uses a buying power to get the cheapest prices. Additionally, miners will be constantly updated for the new hardware. In this case we dont have to care if bought hardware would make ROI over its life time.

http://www.bitcoinx.com/profit/

Hardware break even   never
Net profit first time frame   -107.97 USD

True, after going low to 0.026, they are getting "better" at around 0.03, still, way below IPO.
On top of all possible variables of PETA, Scryptx also has the Litecoin (Doge?) exchange rate to btc.

But looks has the same feeling of PETA before the whole mess with new IPO, Cryptx buying shares from a whale, and the rest.

One of the big disadvantages of going to mining, was always the "pre-order" issue. I was attracted to PETA for the pre-order deal they already had in place, PLUS the unit producing capacity. Doesn't seem we diverted much from that.

For all the calculation and "run your numbers" comments, Mike is right, run your numbers, take your guess, bet on your guesses, then do what you have to.
Btc increasing, lower (&cheaper) fees, price above IPO, machines arriving and being deployed, huge mining power.

but at the same time, the increase of btc makes profitable again for old miners to re-plug their machines and start mining again (for a while).

At current difficulty, our single share mining capacity, minus fees (cheaper ones), minus reinvestment funds, hell yes if it's profitable. This week. Maybe next one. Maybe even the following 10 weeks.

With current numbers, I have a 16% capacity of reinvestment. If the difficulty stays there, around 15%, the whole project is viable. If it goes back to the usual 20%, we are doomed. Not tomorrow, not next week, not even next month. But for sure something (new IPO?) will need to happen in less than an year.

I think PETA current shareprice (and Scryptx!) is quite appealing, if you can imagine that you will be able to sell out in time.
Right now you wouldn't be able to sell massively on any of the two.
The only way was to attract fresh investors in this scheme. But nothing happened. Second IPO failed. Both projects are running below IPO prices.
And we have Havelock answering for Cryptx as he is busy...

Not nessesary the case - they are selling chips, and this Loan is for buying bitfury bf3500.
If they will be able to introduce such amounts of TH they will not buy miners from bitfury, currently  only 220TH are produced by Cryptx. We even don't no how effective thoese  miner are (W/ghs)

People are forgetting the fact that cryptx has development teams producing their own miners, purchasing chips and being able to cut costs and save time waiting for working off the shelf miners in future. This will be PETA's success. You can whine all you like about not keeping up with difficulty but this will show in the near future that it is possible and miners aren't always losing, there actually are winners out there!

As far as 3 goes, there's a cost to purchasing hardware, there's also an amount that can be fetched by selling said hardware, despite them being depreciating assets. So if you buy coolbtcdiggingmachine at 1 btc, mine with it for 4 months until it's recouped 0.6 btc then sell it for 0.5 you've still made a btc denominated profit. You can choose to liquidate the hardware entirely and distribute profits as dividends or re-invest into alternative hardware that may be available at the time.

I understand being unable to stomach a 1-2 year commitment to a mining company. This is a fair perspective to have, and you should sell.
But the selling happening is on the level of people reacting like Cryptx/PETA is Neo&Bee.

[1]  -- This is technically true. If you paid nothing for electricity or space, had your Monarch in hand today, and focused on an optimistic difficulty increase over time, you'd break even by September of next year. Realistically speaking, however, no...your Monarch will never break even. 

[2]  -- Define "peak BTC value"? If you're able to define that, stop mining and get into currency trading.

[3]  -- Perpetually purchasing hardware doesn't create a faster return on investment...after all, there was a cost to purchase the hardware in the first place.