Peta is now hosted by bitfury in Georgia (the republic, not the US state). Electricity is dirt cheap there, on the order $0.06/KwH
Cryptx claims .78J/GH at the wall.

0.78J/1000*$0.06 * 24 * 30 = ~$0.034 per gh in electricity per month. He used to charge $0.15 and now charges $0.105 in fees.

Of course the datacenter costs money too. How much and how the contract with bitfury is drafted is the real question. Something tells me cryptx cant just auction off his miners without breaching his contract.

Guess we may find out sooner than even I had thought: just when you thought hasrate was finally leveling off, it crashes through 300PH (307PH currently according to blockchain). Combined with the very low btc exchange rate, that means once difficulty caught up with current hashrate in 2-3 weeks, we are back at ~ zero divs.

Will cryptx lower his fees yet again, or do what every shareholder with a brain hopes for, but what crypx contractually probably cant do (liquidate) ? Interesting times ahead

Why would he incriminate himself like that? Has anyone reported this to the FTC yet? Shilling is illegal:
http://www.ftc.gov/sites/default/files/documents/federal_register_notices/guides-concerning-use-endorsements-and-testimonials-advertising-16-cfr-part-255/091015guidesconcerningtestimonials.pdf

Once per x days? But lets be real here, divs should be in the 4-500 satoshi range on average, I dont know what happened today but its probably a statistical anomaly (even if its a hilarious one). With the lowered fees there should be a fairly "long" time for the hardware to depreciate before divs hit ~ zero again. Though probably not long enough for the bitfury hosting contract to mature, will be fascinating to see how that pans out .

Ive been "wrong" all along in most of my predictions; they where all too optimistic (although I did predict that too). It took a week rather than two weeks to hit zero div day.

Of course you are one of those sharpies who fails to grasp that continuing to receive a few one hundred-millionths of a bitcoin every day is far worse than the liquidation I was alluding too (and which I predicted would likely be postponed by lowering fees)

But yeah, I was "wrong" lol.

BWAHAHAHA. This is too funny

Last Dividend    ฿0.00000027

No, it does NOT show the threat. Thats as silly as saying nuclear weapons dont pose a threat since no one died as a direct result from one in the past 50 years, so being eaten by an alligator is a bigger threat to the world population.


Yeah, at this point. But if you pretend the threat isnt real, its not going to stay at that point.


Have you stopped kissing or shaking hands yet?

So does the sun.


It depends on the liquid actually:
http://en.esmokinginstitute.com/node/31

I would never recommend vaping as being completely healthy, but then, almost nothing is and vaping is orders of magnitude less harmful than traditional cigarettes. It also tastes better

Strokes or car accidents arent contagious and cant be passed on by sneezing or shaking someone's hand. No matter what happens, the number of deaths caused by anything else on that chart cant go up by a one, let alone many orders of magnitude as a result of just doing nothing. Therefore that graph is irrelevant, the potential for this decease is downright scary.

You dont have to be cryptx to do that. Besides, dont just look at the price, look at the depth and spread. You could sell your shares for 0.0001, but you couldnt buy any, lowest ask was like 4x that. And what you could buy for a low price was worth next to nothing. The depth just isnt there. You cant daytrade this like you can cex.io.


You mean, what dont they know. Didnt you buy shares at 5 or 10x more? Did you know something I didnt, or was it more a case of you not knowing or believing?


How many? I thought it was like a few 100. That doesnt even buy you a beer. If I had any shares, I might do it for the heck of it.


Again, that would have costed anyone just 0.0004 btc to make that happen. Ive seen it often someone buying just one or a few shares when there is a large spread between bid and ask, to drive up the apparent value. I even coined a term for it; usagiing. Long time members may understand that joke.


Is that still not obvious to you?

.

Do the math, see how much cryptx earns by doing nothing. Compare that to what you might be able to make daytrading a security with such low depth and large spread. If its even possible to come out ahead (which I seriously doubt), its simply not worth it for him. And if somehow it would, he'd have far better ways to influence the price than me stating the glaringly obvious and teaching long divisions.


Cryptx did sell some hardware a few months ago. The price he got for it was laughable, often less than half what was considered market value back then (not only that, he managed to send out a shitload of broken miners or badly packaged one's, ruining his reputation in that arena as well. Check out his untrusted feedback).

As for his relationship with asic manufacturers; afaik thats true. He has an investment in both Cointerra and Bitmine. Two shining examples of companies that deliver on spec and on time  . If you think you'd have been better off had he reinvested dividends in buying more delayed / undelivered / under spec / overpriced hardware, I have some cloudmining to sell to you.


You got that backwards entirely. Cryptx was hugely overpriced at IPO, today its much closer to fair value, though still far from a smart investment. It could have been had he auctioned off his mine. I wouldnt call it a scam though. For the most part, cryptx has lived up to his end of the bargain. He just managed to sell that for an idiotic price, just like all the other cloudmining companies. That doesnt make it a scam, its just taking advantage of clueless investors.


   

You contradict yourself; you think the asset has become uninteresting, yet you keep posting in this thread and wonder why I do. I happen to think this asset was boring and utterly predictable for the past 6 months, its only now that its becoming interesting (and soon likely a thrilling soap opera). I also have to laugh at your proclaimed ability to easily calculate everything, or even anything at all. If you could add one and two together, you wouldnt have held this security for as long as you have.

As for my "agenda" and motivation, I really dont feel like I have to explain myself to you and Ive addressed that a bazillion times already.

The craziest of the crazy nuts predicted just about everything right while you got it dead wrong. What does that say about you?

You may not care if you lose 92 or 95% of your investment, but not everyone was stupid enough to buy in at IPO price and ignore the few people capable of third grade math for the next 6 months. For other people "the hubbub" is the difference between a big loss and a potential profit.

Anyway, from what I hear it will soon not matter much anyway, but for quite different reasons.

IF that was the prospect, even the brief 0.00(however many 0's)01 BTC price would have been far too much. 

What you fail to comprehend is that the reason some people are/were still holding was the expectation of a liquidation. The sale of the hardware which belongs to the unit holders. That had the potential to bring in more than the current shareprice and would have been paid out as a one time dividend.

Of course, that wasnt gonna happen yet for many reasons (one of which I predicted and just like just about everything I predicted about cryptx so far has come true),  the other is the likelyhood that cryptx cant even sell the hardware at this point as he is most likely under contract by bitfury for another 10 months. In the previous 6 months that hardware lost >90% of its market value. What do you think it will be worth in august 2015?

I give up. its great news hephaist0s, you will be receiving daily crumbs for several more months now and your annual yield will skyrocket as the share price keeps tumbling as cryptx milks his miners for what they are really worth. Rejoice!

Clearly not the sharpest pencil in the drawer.
let me try to explain really slowly... the hardware is worth more than it will ever mine, and far more than it will ever generate after fees. Ive been saying this since spring, the least worst thing that could happen for shareholders is liquidation. The sooner the better. Wasnt this hardware purchased at like 5 or 7 BTC/TH ?  There was some hope zero dividend day would prompt a liquidation, making the current price possibly even attractive. Lowering fees, as predicted,  pushes this out, and cryptx will keep pushing this out until the hardware is worthless, because he only cares about his fees. Enjoy your crumbs in the meanwhile, Mr "247% annual return ".

Slow learner huh ?

https://bitcointalk.org/index.php?topic=310783.msg8601840#msg8601840

It also was the "cheapest" a few months ago. How did that work out?
The drop in fees gets you back to dividend levels like you did a few weeks ago, around 500 satoshi's in theory (not that cryptx ever achieved its theoretical yield, god knows where he gets his exchange rate from). Even if BTC price recovers, this only buys you a few more months of peanuts at best. Months during which the value of the hardware, the only thing that made this potentially worthwhile IMO,  continues to evaporate.

Rofl, you don't say. And some idiots will  think this is good news too

BTW it's not like their electricity provider lowered prices,  so at the very least cryptx suckered investors out of $0.045 per gh per month x 1150000=$51750 per month in excess fees.

Nicely done bert

Havelock is down as usual,  but judging  by the blockchain it would seem yet another of my predictions has come true : a lowering of his fees.  I'm guessing .10 or. 12.

https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

So no liquidation,  enjoy your peanuts