What do you guys think? I think you should buy an asicminer machine. Around $1.4/gh and 1w/gh at the wall. |
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3$ per Gh/s is a bargain, especially with all that PETA is doing for us
I lol'd If you are interested in buying hardware for twice what its worth I may have a deal for you. Selling bitmain s1s for 0.9btc each. High price is only because I care about you. (Still actually cheaper than peta at double the msrp price ($2/gh)) |
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This is apparently something peta really doesn't want you to know. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. Only on this forum would people think it makes sense for a company to sell 3000btc worth of shares to give investors 1500btc worth of hardware with expensive hosting fees. |
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What is our current estimate of how many chips have been sold, in total?
- 23k to Rockminer
- 72k to LightningASIC
- an unknown, but supposedly large, number to Hashratio.
So maybe ~200k total that we know of?
Any news/rumors that I missed?
Not sure if hashratio or rockminer have built their solo farms yet but hashratio is expected 2ph and rockminer 1ph |
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Do we know if petamine is selling themselves electricity?
If so it should be less than $0.05 × 1.5 (PUE + hosting costs)
Even if they are buying electricity for $0.1/kwh they shouldn't be charging more than $0.15/kwh.
$0.45/kwh is ludicrous. How do we know $0.25 is anywhere near their costs when they managed to simply cut the price in half as soon as hosting costed ~50% of what they mined.
I bet they can go as low as $0.1/kwh and still profit. Especially if they are selling electricity to themselves.
We have a 350,000 Watt solar facility at site, which is owned by another company of us. To give you all an idea what this means: In Belgium a 350kW installation has a yearly revenue of about 300,000 Kwh. The PetaMine consumes about 500 kw or 1285 kw after IPO (500*1 + 1000*0.785), this means between 4,380,000kwh and 11,256,600kwh each year. This is without any growth! So our own electricity is only between 6.8% and ?? 1,1% of all electricity needed. What do you think such an installation costs? So basically no, you are not selling electricity to yourself (or at least not a significant amount). How much do you pay for electricity per kwh? |
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It was a poor decision to give petas profits through hosting fees that they determine.
I think it would have been better if they held a portion of petamine shares so at least their interests would align with their investors.
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Unless megabigpower, knc et al offers up % stakes in their farms I don't see how that's a question investors would need to worry about, They are competition but so's the guy sitting at home with a few antmers and free electricity on the lease- everyone is competition Investors should worry because their miners are 1/5th as efficient as the competition. PETA will be simply pushed out of the game when hosting cost more than they mine. |
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PETA is meant to be a mining operation that continues to function indefinitely
How can petamine function indefinitely when they are charging themselves $0.25/kwh vs the competition at less than $0.05/kwh? how are the others making any profit? they might be charging differently I'm confused is petamine paying $0.25/kwh or is that a service by petamine which customers pay that rate? CrytpX takes out $0.25/kwh out from the total BTC mined by Petamine for the week. This is taken out and after that the dividends and reinvestment is calculated from what is left over. I'm not sure how much CryptX pays per kwh and it might be posted in this thread or the prospectus, but that fee also includes warehouse space and maintenance cost. Do we know if petamine is selling themselves electricity? If so it should be less than $0.05 × 1.5 (PUE + hosting costs) Even if they are buying electricity for $0.1/kwh they shouldn't be charging more than $0.15/kwh. $0.45/kwh is ludicrous. How do we know $0.25 is anywhere near their costs when they managed to simply cut the price in half as soon as hosting costed ~50% of what they mined. I bet they can go as low as $0.1/kwh and still profit. Especially if they are selling electricity to themselves. |
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PETA is meant to be a mining operation that continues to function indefinitely
How can petamine function indefinitely when they are charging themselves $0.25/kwh vs the competition at less than $0.05/kwh? how are the others making any profit? they might be charging differently I'm confused is petamine paying $0.25/kwh or is that a service by petamine which customers pay that rate? |
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We are working on something else more important.
What kind of company can only work on one single thing at a time? Clearly not a successful one. And why does it have to be "we". I presume none of the staff has the ability to edit a php file so they must have hired a web dev. What is/has he been doing this whole time? |
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PETA is meant to be a mining operation that continues to function indefinitely
How can petamine function indefinitely when they are charging themselves $0.25/kwh vs the competition at less than $0.05/kwh? |
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Source for PETA owning a solar company?
Also anyone know the total divs up to this point?
If you go to the website, grab their names, and search through LinkedIn, you will find the owners. It's got there what they do. Total divs have been good up until this point. But this new update is going to kill them off What is the exact total divs? If it is less than 3,000 btc then they have technically never made a profit. I am starting to think petamine is just a complex scheme to sell electricity. $0.45/kwh is about 10 times what you would get selling to the grid. |
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I think there is a lot of confusion going on about the latest developments. Let me try to elaborate on this. First we want to clear some misunderstandings:“You bought 14,500 units and now you sell them at a higher price in the IPO to make a profit for yourself”.The money that is raised at the IPO will go to the purchase of 1000 TH/s of mining equipment, which costs about 3,760 BTC. Financial breakdown to deploy 1PH/s: * 33,794 shares at IPO: 3,313 BTC * Current reinvestment funds: 150 BTC * Mining revenue (16-31 May): 300 BTC “do you think you could tell us what that 1000BTC will be spent on cryptx? Shares or what?”We will pre-finance the 1000 BTC to be able to purchase up to 1000 TH/s after the IPO. This means it is a loan from us to the PetaMine. The more shares are sold in the IPO, the less has to be pre-financed and paid back in dividends. “Why are dividends withheld for a few weeks?”This is a joint effort of current investors, new investors and CryptX. Investing in new hardware now will have a much better impact in the long run on both unit value and dividends. “But they are misleading people so they can maximize their own profits. The first few months will be the most profitable, but instead of pumping out dividends then are going to use it to reinvest so they can have more machines, which makes them more money. “We can tell all of you that we have already invested over 1,000,000$ of our own private money into this project. This money has been spent on: • Datacenter: Electric installation, cooling, infrastructure, alarms, network, etc • Shipping costs: We have paid all the express shipping from US (Cointerra), from Switzerland (Bitmine), from China (Dragon miners, custom miners). • PSU: we have bought about 200 psu’s so the Coincraft desk could be delivered faster. • Custom miners: Apart from the chips, we have paid the full production of 250 miners. • Custom designs • Labor costs • Etc We have a margin on hosting costs, so it is in our interest that PetaMine grows. We have cut hosting from 0.45$/kwh to 0.25$/kwh because we believe in the project for the long term and want it to have every chance to succeed. Old situation:We were hashing at about 500 TH/s with 80,760 units. What would have happened if we did not make some drastic changes? First we would pay the last part of the Bitmine contract and we would be in the same situation like before. We would have to wait on the RIG’s to be delivered. In best case, all RIG’s would be deployed in a couple of weeks and we would hash at 700 TH/s with 80,760 units outstanding. This would have meant 8.67 GH/share. Second every week the dividend payments would have gone down and the hosting fees would have gone up. The overall result would have been that the PetaMine would produce less and less dividend until costs became higher than revenue. The consequences would have been a dropping unit price and a dropping dividend.
New situation:
We have cut the hosting fee from 0.45$/kwh to 0.25$/kwh. In other words we gave up a large portion of our income to the PetaMine project. We could have left it at 0.45$ and receive a lot more hosting for the coming months. Instead we want the project to thrive and become one of the larger players in the Bitcoin mining place. We bought back about 14,500 shares with the money we otherwise had to spend on Bitmine for our second part of the contract. We did this because we are convinced that we could use these shares to take the PetaMine to another level. What will be the overall result?Plain and simple, if the IPO is successful PetaMine will be much larger and the unit holders will be owner of 15 GH/s per share instead of 8.68 GH/s per share. On top of this the costs of the mine are almost halved. We are convinced that we all have to look at this project with our long term glasses on. Big dividends in the short run will result in a dead project in the long run. PetaMine cannot simultaneously grow exponentially and pay large dividends at the same time. We want to become and stay one of the large players in Bitcoin mining. Wait so PETA has been charging $0.45/kwh and investors are not outraged by this? $0.25/kwh is approaching reasonable costs yet still incredibly overpriced. How will peta compete with operations like megabigpower at less than $0.05/kwh? Also how has PETA invested "over $1,000,000" of their own money in to this project? And where is the extra 1,000 btc loan coming from? Has this ~3,000btc been taken out of dividends or is this just a massive expense that will be ignored until bankruptcy? Looks like PETA confirmed they bought the 14k shares to sell in a new IPO at twice the price they are worth for an easy profit. So in the end PETA is just a scheme to build as big of a farm as possible while charging outrageous hosting fees payed to themselves of course. As difficulty increases exponentially investors profits will dry up. But PETA will be happily sucking in money at a fixed rate of $0.25/kwh. Has PETA considered offering a stock to give investors the chance to get in on this huge profit PETA will be sucking out of PETAMINE? At 2MW PETA will be charging PETAMINE $84,000/week while increasing with every PETAMINE reinvestment and PETAMINE will earn 10% of $220,000 (decreasing with every difficulty increase (also assuming they start mining during next difficulty)). |
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Source for PETA owning a solar company?
Also anyone know the total divs up to this point?
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We would like to appeal to all our unit holders and sympathizers to help us by this. We launch a call to send us all your ideas on this to info@cryptx.com Let’s work together to take this to the next level!Done. Running through my network now. To those complaining that they ask for help in promotion, reason your statement out please. I'm more than happy to increase the value of my investment by promoting the project. Helping out means everybody wins. PETA wins because of bigger IPO sales Investors win because it is an amazing investment You win because a bigger PETA means a bigger value for your investment Keep rocking it CryptX It's okay guys, MPalokaj is here. The same guy that let COG trade for two full days after paying their last dividend, allowing people to buy literally worthless shares on the market. Don't forget about selling all 18 of cogs cointerra machines for 50% off market rate before the surprise last dividend. |
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bitfury rev 2 'Power consumption as low as 0.45J/GH' this was at 55nm process
imagine what this wizard could do on 28nm level
BTW, has the bitfury 2-generation chip been out as the real product ,and 0.45J/g has been tested or not ? I can't find the information. |
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Do all these miners come without a psu?
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yeah but more w/GH than any other manufacturer is a quantity which just won't sell.  not at all, just making an observation. fanboys and bum-buggerers will always be fanboys and bum-buggerers.
there are better spec chips out there.
I'm neither a fanboy nor a "bum-buggerer" and have been extremely critical of AM in the past. I also didn't say that they've got the best chip out there, I pointed out that your claim that everyone else has better chips was simply nonsense. I said nothing of the sort. Seems legit. Thanks for giving us the "facts" |
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