Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 94. (Read 565833 times)

I understand that somene can sell it when bought it for 0.05 but it is still strange for me why there is not buying.
there was interest when it was 0,0975 - when market was opened during IPO someone even bought per 0,1. Now no interest at all.
OK people are waiting for voting results but for 100% it will be better than it was announced during IPO (when it was stated that almost all cash goes to loan) and even then people was buying.
in addition BTC price goes up so hosting % will be reduced. Maybe poople don't trust them after this 5% shareholder voting? Maybe someone knows something (assuming >5% shareholder) or someone drop price to buy more? Maybe becouse of terrible PR of Cryptx? asuuming that he is online every day and didn't posted any answer in this thread from 10 days people may be confused?

In Scrypt operation prices goes from 0.039 to 0.030 as well.

This is just a speculation, what is on the update, that we own 960 BTC and this is going to be paid of from the mining...

@karol:  Some of the folks who bought @ 0.095 diversified their portfolios with other blue chip holdings, like scratch tickets and interest in Panamanian gold mines; some were institutionalized, and the rest simply wandered off

Could be a majority of things, people selling out to buy into AM seeing the low price per share there or as ujka just mentioned some want out from their original 0.05btc per share investment which is only fair, received great divs so far and selling out 1.5x higher than originally purchased.

ppl that bought at 0.05 IPO are now selling, with profit of 40-50%.
New buyers don't want in, because there is still not clear how much do we own for the loan, what the reinvestment percentage will be, and what to expect for dividends.

I am wonder how strange is situation right now. There was sold 11286 shares at 0.095 and 0,0975 price so it gives 1075 btc.
Now we are trading at 0.072 so it is 25% below IPO and no one want to buy shares, only selling.
It is around 40btc in sell side to go to IPO price. So assuming someone spend 0.095 per share and don't want to spend 0,072???
What changed after IPO?

As Karol pointed out, there is 540 btc in reinvestment fund from last weeks.

Dear dhenson!
If you have invested a dollar in a scratch ticket, scratched it, and won two dollars, do not assume that you have discovered a surefire way to double your money.
Don't extrapolate future scratch ticket winnings from your two-dollar win.
Don't make purchase and scratching of scratch tickets your business plan.
Don't assume that PETA Mad Millions is better than other scratch tickets just because your winning ticket happened to be PETA Mad Millions.

Finally, don't assume you won two dollars before you cash out.  "You only lose if you sell" has a corollary:  You only win when you sell.

It's all BS. Look, ill leave it here. I've said my peice to try and educate you guys to the best possible outcome for shareholders. If the reinvestment percentage outweighs the dividends ill be back in three months when shit hits the fan and your all crying to remind you all you should have listened.

And FYI, the fact I have no shares makes me impartial. I'm only here because believe it or not, allot of the shareholders here respect what I've got to say, and because I know this business inside out.

Anyways, anon, its nice to see you've edited your post again to about three times the size it originally was. I wasn't joking about the above. Seriously. Your delusional. Sort your shit out and you'll stop losing money.

Peaceeee

PS: You'll realise everything I'm saying is correct if you just run the numbers.

Guys please explain why 960BTC?

You are missing point that we have already 537 btc mined.  It goes to this adrees  1LYfg4xS6Usde354g9i6YsbrNHyCnspby8   (reinvestment adress)
there was 150 from not spend reinvestment funds before IPO, 159 funds taken in first week without dividents, 227 btc from last week so it gives us 537 already mined for this loan.
And this week we should got around 120btc assuming 50/50 so only 960-537-120 = 303btc to pay after friday
assuming 120 is proper number for reinvestment we should pay loan 19.06

that is way I understand this correct me if I am wrong??


Cryptx could You please answer or comment latest questions we have?


1. Why there is 27 Dragon miners in prospect when according to Your weekly updates about our re-investment found  we bought 39, for what we spend 220btc?
2. What option of refund from cointerra will we have or maybe it was delivered already?
3. Explain situation with voting, why You ask for vote only shareholders > 5%, it can be use for insider traiding,now You did proper voting please comment if You plan to do it for each big decision ?
5. Did havelock own shares of PETA?
6. How will You use money from selling gear? It will be used as our re-investment founds, so loan left - found from selling miners = loan to pay after IPO or no?
7. Are money collected in adress 1LYfg4xS6Usde354g9i6YsbrNHyCnspby8 and this 307 which goes to 1B8XALjDtR4u1hvY2z2pAh3wyWu729wkdy are taken to pay loan so only around 960-537 = 303 btc left to pay?

Agree, there is certainly a negative troll pattern emerging with certain accounts.

Thats what i am thinking... Like we got a loan in BTC when BTC price is low. and now we are repaying the loan instead of accumulating reinvestment fund for the july. It would be so much better if we could get 50% as divident, 40% as reinvestment and 10% as loan repayment...
With 50% payin a 960BTC, how long will it take us? 3 months? and after 3 months, we have no reinvestment, we are down beloew 1% of the network... Prospects does not seem good... 

I understand that Cryptx are trying the best, but have a feeling their generocity might end up...
Also, i am looking forward for the Friday update with updated prospect.

We might have had a chance if we had a big reinvestment fund waiting for the boom in July. However what cryptx have cleverly done is position it so that we got the loan during the run up to the boom when btc are cheap and we will have just about paid it back by the peak. Cryptx wins PETA loses. I am still holding because cryptx have been very reasonable in the past.

Saying run projections isn't bullshit. Numbers don't lie.

Seriously. I think you need to take a step back and readdress your emotional attachment to your opinions. Honestly, you come across as delusional, and when your playing with money people like that are the last ones you want making investment decisions.

Think about what you say and if you honestly, deep down inside believe it, if you do, then seriously, stop. From someone who makes an extremely successful career out of all of this, stop. Buy and hold. Stop mining. Stop investing. Just buy and hold. This is the best piece of advise I can give you. And I'm sorry if it sounds insulting but it is the only viable conclusion left looking at your opinions and their responses. Some people seriously arn't capable of games like this, and they should stop before they lose more and more money. This is allot less a personal attack and allot more my honest belief in my professional capacity. I would say the same to anyone, even my family.

Good luck dude. I honestly wish you the best, but at the moment in time, you really need to step back.

Anyways, good luck.

Ps: I noticed you edited your post. As a retort, I ask that you google the word fallacy, and realise its not a substitute for factual evidence and logical conclusion. Infact, the pure definition of fallacy is the arguments you have posted, not mine. Everything i have said can be backed up by both factual and numerical evidence, while yours cannot, yours is just an opinion backed up by poorly substantive and completely obscure statements.

Anyways, this isn't personal. I honestly wish you the best of luck with the future. I just hope you take into consideration what I've posted above. It's honestly important for your future state of mind. Good luck..

i can see through both your bullshit talk  

il leave it to PETA to show you your wrong, 35/65 is most likely what they will go forward with

i stand that PETA can ROI faster then other miners and thus grow with reinvestment's



i paid 3.5BTC for my 600GH/s Monarch, i will still be able to break even, considering the slowdown in difficulty increases. If i buy more hardware at peak BTC value, i can most certainly grow and make even more BTC, especially if this time i instead go for available hardware rather then pre-orders, at which point i can get my ROI sooner and and speed up the cycles by adding hardware as i get revenue instead of at the end of ROI break even.


ive done my own projections, i know for certain they are not reliable, just as yours you feel so confident of


AVOIDING GIViNG the TROLL MORE POSTS with EDIt dialog

i have grown impatient, i will not care to elaborate, if people are investing they should be able to think for themselves. they dont need mikemikemike telling them what is. throwing some fallacy's around i see, hogwash really
im tired of seeing the trio of non-shareholding disrupters coming in trying to saturate this thread with attitudes of holier then thou, we will now call you the divine trinity.


keep blabing and thinking you have the right answer
argumentum ad numerum of high degree of innacuracy

oh no! mikemikemike, pleas dont feel bad for me! lol
take your fake care and sympathy elsewhere

you sure made it personal with all your puppet profiles and the obvious intent of your many posts in something you hold no shares

i will fight against your intent to mislead PETA shareholders into thinking they should be more like CEX.io or cloudhashing or ButterfylLabs or B.MINE. Reinvestment's are critical to PETA purpose and function.

Sure you can. You can even make a profit on Satoshidice. There have been times, and there may come times when mining is (very) profitable. Early KnC machines, early Avalons, some AM machines, these where hugely profitable. Same for mining services, people who got in  Gigamining or even ghash.io early enough and got out in time, they made a killing. These are however, the exceptions. Anyone who reinvested these profits in other machines or other bonds/shares, or never got out,  will have seen profits dwindle and ultimately become a big fat loss. Am I not right dhenson, you seem active in just about every mining thread, on average how did your BTC investments fare?


Nonsense. You imply that because the previous round was profitable (if it was, because just receiving dividends doesnt mean profit), then so will the next. In reality the market changes constantly and may change fairly dramatically now that OEMs are getting in the mining game themselves.


You fail at logic.


LOL. Might ? But hey, no worries, just reinvest your mining revenue in more BFL products, and you'll make a profit for sure!

And I have too. That doesn't mean the next chosen strategy shouldn't be debated on.


Dude. You know your here trying to kill a project you say you love right?

Every argument I've seen you post is beyond flawed. Believe it or not but me and puppet are trying to teach you guys some important facts about business and finance. If you want to keep thinking you can just magically buy miners at a total cost well above the market rate and make a profit reinvesting the income then I just simply don't know what to say to you.

If the miners were manufactured and deployed at a price of around 1.4$/GH your idea might work, MIGHT. But it doesn't, these arn't the prices you are getting. Thinking your going to beat difficulty is honestly suicidal.

The difference between the two strategies only gives two outcomes.

1) start with higher dividends and see higher diminishing returns.
2) start with lower dividends and see lower diminishing returns.

If you can't keep up with network gain, from a statistical perspective, option one is your only choice.

And do you honestly think you'll be able to add 20% more machines every twelve days? After accounting for hosting fees?

Run the numbers. I'm 150% correct. I seriously don't think you understand the importance of hosting fees and how they affect long term reinvestment strategies. Please do some research and run some projections. Numbers don't lie, but your unsubstantiated arguements do.

The funny thing is that I've already received 50% of my initial btc investment back in dividends and the share price is almost 2x what I initially paid. Yeah.. real bad investment. /sarcasm

basicly dont invest in any form of mining at all, you can never ROI according to NotLambChop, mikemikemike, Puppet, anyone im missing?


if you can ROI, you should use those profits towards a larger round, and so on until you reach a large enough scale to make it worth taking out the profits. ofcourse you dont need to wait until you fully ROI to reinvest. you can grow, this is what PETA will do. those who argue against reinvestment should not even be here, go to  KNC, ButterlyLabs... and buy their fixed cloud contracts.

dont give me bullshit of reinvestment is same as you taking your investments and choosing, bla bla bla.
you fail to understand the power of PETA, go away.


it might be true that i wont ROI for my monarch but PETA has enough purchasing power to get really good deals on available hardware rather then risky pre-orders.

If you "reinvest" your own divs, you can pick whatever mining bond/share that is cheapest at that time (or pick none at all). Having cryptx reinvest for you as you are all so keen on, is just like handing over all your divs to cryptx and let him invest them for you. Whether that is always going to be cheaper/better is anyone's guess and seems very unlikely at best, particularly compared to the hashrate mining OEMs can bring online. But if you are convinced cryptx somehow can always bring hashrate online cheaper than anyone else, why would you then worry he wouldnt be able to expand by issuing new shares?



Sure, and martingale bots are the real strength of satoshidice. even though the odds are against you at every bet, if you just keep playing them in the end, surely you will win :/