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Anyone living in West Virginia pls memorize this and never ever vote for him.
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Anyone who happens to live in West Virginia, please, never vote for Joe Manchin who proved to be freedom hater.
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anyone noticed hashing as pretty much stopped? guessing they are changing some stuff over
hopefully adding new hardware, worried me too when I saw it haha! yea i think so - i saw it jump up to 75TH/s yesterday for a few minutes before jumping back down *fingers crossed* and here comes the panic sell *sigh* With this type of behavior I rather suspect network connectivity problem. Though surely would prefer new miners  |
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CryptX announced, dividend will be paid this Friday, Feb 28th.
and shares a bit higher  but only progress on deployment can really entice new buyers. |
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The price is low in my opinion. As investor you need to decide whether you believe CryptX stated goal of sustaining 2% (or more) of total global hash-rate is achievable, then settle on what a reasonable time-frame on a return is for you based upon dividend calculations and your buy-in price.
+1 |
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Solo mining would surely face us with streaks of good but also bad luck. Picostocks 100TH (aka 500TH) is mining solo and they rather complain about under performing e.g. though if their apparent under performance is caused only by solo mining is debatable. Of course as shareholders we could just accept less stable and less predictable payouts but there is one more aspect. Predictability of income could be a serious factor for CryptX in implementing reinvestment strategy -which is crucial for our long term success. Taking this into account I wouldn't vote for solo mining or changing pool without very clear backing by CryptX. |
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This sounds promising! Is this going to be available to any person to join, or specifically those who live in Cyprus?
They plan to expand services to all EU countries through partnerships. But I'm not aware of any specific schedule. |
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since the ct machine are mining ,I think f1 and f2 should get the dividends , that is what you should do right away.garr
+1 +2 |
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From today's official statement by Giorgio Massarotto of Bitmine:
"Petamine units
As part of the deal that we had with Cryptx, given the big amount of the purchase, we have agreed to setup an additional dedicated production line that would be working in parallel to the existing ones and producing the units just for them. As soon as the PCB boards were hashing stable at our strict requirements, the production of both the commercial units (aka the ones sold on the website) and the petamine dedicated units started exactly at the same time. The fact that they reported them before anybody else is just due to the fact that they have been picking up their units in person and reported publicly just the day after having them in hands, while the other users that had their units shipped didn't yet report that fast on the forum, but some did a few days later. Petamine just as any other user have suffered delays and are being compensated for that."
Separate production line for our orders is really a good news.
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Recently we have seen some posts trying to entice people to believe that the price of 0.12 is too high. Arguments being: not long ago you could buy it for 0.05 and every share represents just 5.64Ghs (and not 8.68) because reinvestment cuts your dividend. Let's try to keep it simple: Petamine is a mining venture. It's main purpose is to generate bitcoins and the ability to produce new bitcoins is going to be the ultimate driver of its value. So, when someone buys a share in PETA how much bitcoins will he receive in return? Basically there are two possibilities a) CryptX achieves its objectives or b) they don't. In case b) we simply cannot answer the question. In this case share price will fluctuate based on changing expectations about the future - any range is possible. In case a) the answer is actually quite simple and there were already pertinent posts made on this forum, e.g. or and To summarize: in case a) we will mine at least 2% of all mined bitcoins ! - EDIT: and reasonably expect half of this paid out in dividends Is it worth 0.12 per share today? Everyone should judge by himself. |
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Read the announcement...then read it for the second time. Went down to make something to drink. Drunk.
Came back and the news was still there staring at me from the screen. So, I read it for the third time. Wow.
The news is so good that it probably provokes some kind of denial. It's very human. When something is 'too good' or 'downright bad' people subconsciously reject it.
700TH at the end of March? Just two days ago we could reasonably expect 230TH at mid-march.
Bitmine is shipping. Two days ago we could just speculate: when they will start?
CryptX announcing the goal of reaching and preserving 2% of the network.
CryptX confirms development of custom made mining devices.
Really, what could be better?
The only aspect we lack is realization of this fantastic plan. But for this we must obviously wait a bit.
I think people and Mr.Market need some time to fully digest what really happened during this weekend.
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marto74 from Bulgaria is developing and assembling these boards. First batch of 30 development boards already delivered to customers. Next batch of production boards scheduled for end of March. 'frankenboards' highly overclocked. and pricey EDIT: Our hash rate slowly rising |
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First dividend today?
Standard schedule: each Friday around 15GMT |
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Once more several new miners.
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Point 5.4 of TOS in any way guarantees that someone being refunded in bitcoins would obtain the same amount he had paid (in btc that is). Yes, they allowed making wire transfers (USD, EUR) and bitcoin payments. But does anyone has an invoice with amount expressed in Btc? I ask for invoice and not, for example, confirmation of payment.
It would be really extremely strange for a company like Bitmine to take on the risk related to USD/Btc rate. Most probably in case of refunding they will calculate due amount in USD (according to CPP) and then use the same method of exchange to Btc they used while receiving payment. Why? Because almost surely they immediately exchange all received bitcoins to fiat as all their costs and contracts are in fiat.
Anyway, if someone asks for a refund (and paid in bitcoins), please, let us know how Bitmine handles such refund.
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START DATE INSURANCE
PETA-MINE start of deployment is scheduled early January, 2014. The CryptX management team is well aware of the importance of timing the mine’s deployment. It is also aware of the very poor track record of meeting time schedules in the Bitcoin mining space and recognize that potential sources of such delays include chip failure, PCB failure, or chip delivery problems. CryptX will protect PETA-MINE shareholders against such delays by adding 20% additional hash power for each 30 days the company exceeds its target deployment date.
For example, if CryptX ultimately deploys the mine after mid January, 2014, an additional 30 TH/s of power will be added to the PETA-MINE completely free of charge to shareholders, and each share will be entitled to 2.88 GH/s of hash power. If the company starts deployment after mid February, 2014, it will add an additional 20% on top of the previous 20%. In that case, each share would be entitled to 3.45 GH/s of hash power.
EDIT: The deployment of the PETA-MINE has started the 13th of February. This means each share is entitled to 2.88 GH/s of hash power. I've emboldened the vague/conflicting phrases of this section. - "Exceeds its target deployment date": depending on the definition of 'deployment', one could definitely say that deployment date has been exceeded. Is the mine technically 'deployed' if only a fraction of it is operational?
- "Ultimately deploys the mine": this language, as above, certainly implies that 'deployment' is an ultimate, final, one-time event, not the beginning of a process.
- "Starts deployment": this statement conflicts with the two phrases above. It would be acceptable if there were definite and different terms specified for each month, but this is given as an example (grouped in the same paragraph with the example for January, see phrase above).
I think it would be hard to deny that the mine has not been deployed as of mid-February. Most probably from strictly formal point of view everything is OK - 'starts deployment' refers to mid-February and first miners were deployed on 13th Feb. IMHO this issue (2,88 or 3,45 at the start) is not 'make or break' factor for this project - but smart reinvestment is. So, let's hope CryptX delivers at the next stage. |
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