CryptX, what is the wattage of these units?
Also, have you considered using an auto switching mining pool? There are coins sometimes magnitudes more profitable than doge and litecoin. Have you considered mining these aswell?
We are going to use a multipool, so we do not limit the mining to LTC or DOGE. This is excellent news. Are your projections based on the profitability of doge and litecoin, or a multipool average? Thanks. The forecast is limited to the largest Altcoin Litecoin. That's great to hear. Which multipool will you be using? |
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CryptX, what is the wattage of these units?
Also, have you considered using an auto switching mining pool? There are coins sometimes magnitudes more profitable than doge and litecoin. Have you considered mining these aswell?
We are going to use a multipool, so we do not limit the mining to LTC or DOGE. This is excellent news. Are your projections based on the profitability of doge and litecoin, or a multipool average? Thanks. |
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CryptX, could you elaborate if there will be any further ideas/analysis this week apart from the announcement of the other project and its affects on us? Is this the big changes/announcement you where making or are there more coming? I see your online quite a bit today would be nice if you could let us know. I'd hate to think now you've got a new project your going to forget about this one  The start of the SCRYPT-X project will only effect the PETA-MINE in a positive manner. Dropping hosting from 0.45 $/kwh to 0.25 $/kwh is a pretty good example of this We ask everyone to be a little patient while we continue our work behind the scenes. I completely agree. It's excellent for the project. Fair enough, Ill wait patiently. Thanks for the continued hard work. |
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CryptX, what is the wattage of these units?
Also, have you considered using an auto switching mining pool? There are coins sometimes magnitudes more profitable than doge and litecoin. Have you considered mining these aswell?
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CryptX, could you elaborate if there will be any further ideas/analysis this week apart from the announcement of the other project and its affects on us? Is this the big changes/announcement you where making or are there more coming? I see your online quite a bit today would be nice if you could let us know. I'd hate to think now you've got a new project your going to forget about this one |
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Wait? Our hosting cost is going down 44%?!
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This is entertaining. All of the sell pressure is one person selling everything above 0.072 to add to their wall at 0.069. Its at like 142 now. Why this is funny? You only do it during market downturns. Whoevers doing this is probably going to get caught and lose out. Its basically market manipulation but done terribly wrong. If the market now jumps, which its more than likely to do, im gonna enjoy watching them chase it
Im evil like that
If they see this expect them to split it out
Edit:178
I don't know the strategy here, but i see lots of sales in the pipeline... weird. Do you think it is the same big fish trying to cashout or multiple people? Most of the sales today were me, especially this morning. Just day-trading between markets. The funds will get pumped back in later as a buy order once im done. The play effect was talking about wasn't me though, that particular strategy was pretty suicidal considering the day we had on friday. |
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This should impact the price but considering the resolve BTC has showed so far my original estimates of a drop down to 380 are being revised upwards to 420 with a strong reversal to the 550 range in the coming weeks.
You can see further analysis at tradingview.com/s/bitcoin and less formal ideas at reddit.com/r/bitcoinmarkets
Time frame for 'coming weeks' or the prediction is as much garbage as the TA you linked. I would expect 550 around August, but not before June. Garbage as the TA I linked to? These are professional traders who have dedicated most of their careers to evaluating markets. Saying its garbage is saying BTC is just a guessing game, when it has proved to be arguably one of the most predictable markets of all time, if not the most predictable market of all time. Two to three weeks. I expect a rally within a week of the 10th of May deadline, once the breakout happens from the current trend, which it already did, but was brought back down due to the recent issues in china, I expect the start of the next uptrend before a new bubble forms late june-early july. Please dont call the most valuable TA resource in the trading world garbage. Its offensive to your own intelligence not mine And 550 in august? We were at 550 a few weeks ago when the markets thought this was all over. I know the next argument is this whole china ban issue could be restarted, but the latest notice given to the banks is about as final as it gets and leaves very little room for the chinese exchanges to maneuver. Ontop of that, the market is getting more and more resilient to this issue. It won't be long before these issues are completely ignored all together. And I dont know what the issue with 550 is? If you knew resistance levels then you would know that if the price breaks past 480 and holds then it naturally has to test 550, and with the downward trend over, it is very unlikely it wouldn't break though. I thinj your forgetting our ATH is in the 1100 range, not the 600s |
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Just a quick refresh from last weeks update as ive got five minutes.
I predicted a 0.00091 dividend last week for this week which im revising up to 0.00093, BTC is being allot more resilient than I thought and this is the sole reason why
BTC as a whole is remarkably holding @ 450, unfortunately the banks in china still need to issue notices and pull out their accounts. This should impact the price but considering the resolve BTC has showed so far my original estimates of a drop down to 380 are being revised upwards to 420 with a strong reversal to the 550 range in the coming weeks.
You can see further analysis at tradingview.com/s/bitcoin and less formal ideas at reddit.com/r/bitcoinmarkets
As to the arguments posted here about us dying, we are getting stronger and stronger each week, and it looks fairly unlikely this is gong to slow anytime soon. I posted my reasons on why all this doom and gloom stuff is complete BS last week, please look it up.
Im predicting a similar dividend next week of 0.00095 as the price of BTC dips to account for the final china withdrawal combined with an influx of new units on the 5th. And with BTC recoving from the 10th onwards I predict, giving few new machines, a dividend in the 0.0012 range seems the mosy plausible. I believe these are both very conservative as are all my estimates.
Interesting points for this week where the ridiculous buy taking us upto the 0.08 price. I was one of the lucky ones and sold out a chunk in the 0.075 - 0.008 range, ofcourse only to rebuy back in at the lower 0.07 boundary. I don't think there is anything to this large buy apart from a big player wanting in. I've said before this security is undervalued and I think as you all see the yield rise in the coming weeks you will understand where I was coming from.
Another interesting point of discussion will be the future IPO. as we run out of capital CryptX will no doubt look to add money so we cab grow our own units. Doing the math at current rates we could expect to add another 700-1000TH/S if these where issues around the 0.08 range. An update on this will no doubt be due in the coming months and will outline the future of this project.
Anyways, this is my analysis for this week. Would be good to get some discussion otherwise I hope you all have a great week.
Ps: im taking a holiday for a couple of weeks so I won't be checking this as much. Please don't let this place turn to shit because of a few idiots.
Peaceeee
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I love this place.
It is rather amusing. Its a shame about your analsys above though. In that situation bitcoin mining as a whole would cease to exist and then bitcoin would fail  |
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http://imgur.com/P0myVrgPrice or btc values, in % (looks the same). I've added the BTC price for each dividend pay date, as a reference. Hosting cost keeps rising and looks (correctly) correlated to btc price (until last week, were massive deployment happened... so should be fine). I'm not convinced that I'm looking at data correctly. Maybe I should add difficulty in there? If the trend keeps going this way, by the 1st of August we should have: 75% for Hosting
9% reinvestment
16% dividends.At the end of September, the dividends go to zero. Of course, only if the BTC/$ trend keeps falling and if we can't deploy at cheaper costs. I think that the focus now will really be on the new boards and on less power consumption units (or cheaper electricity?) Reinvestment looks good until now, over 20% while difficulty didn't keep the same rate. Am I reading this completely wrong? Does anyone have a nice excel to share? In 4-6 months you should get your investment back otherwise you are making loses in mining. So mining devices companys are giving you a price for hardware, so you can ROI in 4-6 months. On the same, they develop new more efficient hardware, so they can sell you after 6-8 months new hardware. thats 1x1 of mining since 2010. with that strategy there was possible to make 10% raise of difficulty every 10 days and mine without losing money, just making constant profits. petamine is a bigscale failed experiment. Once broken up with selling their hardware, because they were technicaly incompetent. Now, they are technicaly able to manage their farm, but they are too late for ROI. There are financial procedures to bring the project on track, but first there will be loses for the masses. When you look at their spreadsheet, they anticipated dividend going down, because of the their costs. Whatever, they calculated with max 3,5 PH raise a period, what was at the end of 2013 illusionary (because of the XBT jump). At that time 4 - 8 was realistic until end of 2014. As long the XBT stays low as now there should be no more higher jumps in difficulty. So a lower XBT price is living good in a symbiosis with mining. @mikemikemike we never forget and never forgive. because trolls and haters are destroing the world. so you still here to push petamine with your blind incompetance shown on neo&bee. Neo&bee stopped paying you? Petamine still paying you after your freak out? i told you, go to parliament being a lobbyist and not harming bitcoins. But I guess you cant, when you such a butt-head. Cmon start being cute again and repeat your sentance: "I was never ...... troll, hater, pusher, butt-head"Welcome back dude. Every friday to buy shares like clockwork.you should try being a bit less predictable! Try Thursday afternoon next time  Happy Mai  |
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Chances are its just some variance. Its huge but it might just be an issue with the stats Im basing this on CryptX saying due to public holidays in belgium there would be no new units between the 1st and the 4th of may The 5th of may is going to be an interesting day |
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The fuck are you talking about?
This describes quite well what i think about your posts. First, you insult me because i ask for sources, then: And of course they exclude PCB costs because we are using the capital from the IPO for PCBs.
You confirm the reason why i was asking for a source. That the $2.2 number tells only part of the story, the actual cost per GH/s is higher. And after you confirmed my skepticism, you cover your escape with more insults. It's not very effective.. You asked for a source on someone saying reinvestment was 2.2 dollars per GH, this didn't need a source, the information is available to everyone, and the calculation is simple. You are then implying the PCBs are part of the current reinvestment which is completely wrong, which is also information that is available to everyone. This was the context of the original discussion and where this has all stemmed from. You clearly have done no research into this project, nor are you trying to discuss any of the points made within their original context. This only backs up my claim that you are either an idiot or here solely to troll. Anyways, onto your current point. If your now saying that our overall cost of GH/s will be higher because of our own units then maybe, on one side we have cheap Chinese suppliers who have profit margins to make, on the otherside we have our own supply lines which are completely unknown. But even if the cost of GH/s is slightly higher, and that's an if, we can only speculate on how much we are spending on our own units., we still have to account for the value we gain by having more control over the production and delivery process. This sort of control would outweigh any marginal increase in our cost per GH/s. So if you are speculating there is an overall increase in cost per GH/s, and then you are going on to speculate that this increase in costs completely outweighs any value we gain, because this is the conclusion if your are saying your skepticism has been confirmed, then you are speculating beyond speculating. And if that's the case, and your speculating beyond speculating, then why do you spend so much time in this thread posting speculation without any substantive basis or insight? Because that's basically what you are doing. Trolling? Every bone in my body tells me that's what your here for. Please refute what I am saying so we can actually have a discussion, otherwise please understand why I am continuously coming to the same conclusions about you time after time. I keep saying you are reinforcing my opinion on you each time you post but I just think you are too stupid to realise it. Jesus Christ I hate trying to make sense. Writing your a troll or an idiot is so much easier. But I'm trying to give you the benefit of the doubt one last time. As usual, I'm awaiting you to take a small bit of this post out of context to start a discussion about something which coincides with your agenda. Please prove me wrong. |
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The asks have been consistently below .07 Why would anybody pay above ask?  Not complaining... just looking at the trade book and trying to figure that one out. It's easy to buy 1-10 shares at going rate, however if you want hundreds of shares in a hurry, you are going to leak the price as the market is just insanely thin. Obviously just speculation, but I wouldn't be surprised if and when the charts go live again, we don't see a huge spike in hash rate. Its far more likely a large holder just wanted in. I seriously doubt there is any insider information going on. |
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That plus the fact that someone just market purchased and leaked all the way up to .08 makes me think that someone knows something. Should be an interesting day. Doubt it dude. It's not like ive said this security is undervalued. But ignore me, im just crazy after drinking too much of the peta cool-aid |
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No joke though, we could have major news now, like google accepting BTC and it wouldn't even drive the price up past 700, though, if that news came out when we wern't in a decline like we are in now, the price would shoot up 4x.
These cycles and their timings mean 100x more than any news or TA.
This is what tells me we are nearing the bottom. One, we have the TA, I see 3 tests for the 350$ range with immediate rebound. Plus we have all the "bad" news that is losing its ability to shock the market, add to that all the good news that is piling up, eventually the damn will break. I predict we have another 30-60 days of this "flat" price, after that we should start to see a rise in price. Completely agree with you. I just set the boundaries slightly differently, I think the bottom is 380 with a maybe few minor flash crashes to the 350 range before almost immediate retraction, and the next rise will happen within a month because this one has been stretched out by china way too long. |
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I agree with what you saying about TA, but I'm talking consumer adoption cycles in technologies, these are usually the long-term fundamentials why TA usually sits ontop of those fundamentals to give a day-to-day outlook of the market. New or no news. The market will follow these psychological cycles as they have done for the past few years and will continue to do so until mass awareness
I am not so sure about that. When BTC is mainstream, the masses won't know they are using BTC, it will be the same as email. You have to also account for the fact that with the # of BTC in circulation all it takes is a few very large investments from etf or other funds to send BTC skyrocketing. Once that exchange in the article and possibly others launch and active trader/investors can get in with ease that will override any psychological cycles. What you are talking about is the next adoption cycle. It will be kickstarted when all the banks get involved and so do allot of the smaller businesses. As such the last one kicked in when china got involved. These cycles usually need a big kick for the early stages to form. Is simple bubble economics. The only difference here is the bubble is pegged almost exactly to consumer adoption cycles. This is why the price has been linked to the number of transactions for the past few years. When the next one forms all the news papers will be going crazy and the exposure will be through the roof. But yeah, it's companies like the one you posted below, doing shit like this, that makes the difference. The only reason the price didnt sky rocket when the atlas ATS news came through was because we are still in a decline from the last adoption cycle. If you think I'm wrong check the graph I posted before and look up technology adoption cycles. Both of those backup completely without fail what I'm saying. How BTC is priced at the moment might seem like its value but its not at all, we won't find it's true value for years to come aslong as their isn't some major fuck up on the BTC network. No joke though, we could have major news now, like google accepting BTC and it wouldn't even drive the price up past 700, though, if that news came out when we wern't in a decline like we are in now, the price would shoot up 4x. These cycles and their timings mean 10x more than any news or TA, because basically, BTC is a long way away from its true price. I mean shit, it's only a 6 billion dollar market, we are still major early adopters. ((BTC Spent x BTC Price)/Number of GH's received) = Price per GH/s
((30x440)/6000)=2.2 Two words: delivery times. I also have the feeling that the numbers quoted by cryptx exclude the costs for PCB's. The fuck are you talking about? Two words delivery times?! They are delivered within a week of purchase. And of course they exclude PCB costs because we are using the capital from the IPO for PCBs. but i wouldnt expect you to know either of that because it would involve actually knowing somthing about this project instead of just coming here to sprout your unsubstantiated baseless opinion. And FYI, if those numbers included the costs and rewards of PCBs our price per GH/s would be consistently lower. It's easy to remove all these previous discussions from the quotes and take your points out of context to make it seem like your making a valid point but your not. Pleaseeee, stop posting. Everytime you post, time after fucking time, you just look more and more like your the idiot or troll I keep making you out to be. You wonder why I keep attacking you personally? Imagine you have someone in your workplace who's new, they have no idea what they are doing but they keep going around saying "this is wrong, this needs to be changed, this won't work" there's only so many times you can correct them before you just tell them to fuck off. |
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During these next couple of months when asicminer is converting anywhere between $5-10MILLION US into BTC for 400,000 shareholders dividends from 10.9million GH of chip sales I dare say we will surpass the $500 BTC mark and start rising a bit again. As people see a bit of a spike in bitcoin price from the large buys, I'm sure they will follow suit and drive it up too.
Sorry dude, but the amount of money being pumped in means very little compared to the price psychology. You could pump in tens of millions but if the market thinks the price should be less than it currently is, then the price is going down. just like technology the price of BTC follows a very specific adoption cycle, a cycle that hasn't been broken for the last few years and has been confirmed time after time it will still carry on for atleast one more big pump and dump. we will see $2000 BTC before November easy without a doubt. it will be back in all the papers saying OMG look at bitcoin, then a couple months later everyone will be raving about its death, AGAIN. this cycle will carry on going until we have stability, but stability won't happen until major adoption. also, dude, tens of millions is small money compared to whats about to happen with wallstreet. when second-market comes online and so do the ETF's, that ten million will look allot like the earth compared to saturn or jupiter. I hear what you're saying, I haven't really been following any news about Wall Street myself so ill take your word for it, but looking at the charts as they stand right now that amount of money would move the market I'm sure. At current exchange rate of $430 per btc, say $0.5 average per GH that pretty much means well over 12000BTC. Around 10% of all BTC floating around that has been mined so far, not taking into account what has been lost and never to be seen again. I dunno, I never took on economics but I truly think that's going to bump the prices up at least another $100-200.. Kind of wish I did major in economics I'd be so much better at this lol.. If you are right about btc reaching $2000 by end of this year ill be a VERY happy man your going to be a VERY happy man. $2000 is about as conservative as it gets. if you run the numbers we should see $4000-$5000 before a drop down to the $1000-1200 range. check the graph i posted above. these cycles are about as a predictable as it gets. the ONLY things, and its the ONLY things that would stop this, would be a 51% attack or FINCEN killing the industry. both of these are extremely unlikely. Only time will tell.. I realized I made a huge error in my last post I calculated 12000btc as 10% of bitcoin out there, it's only 1%. Not merely enough to move the market that much, it's way past my bedtime. My bad lol lol. only time will tell, but number's dont lie, either do adoption cycles. sleep well dude, ive only just woke up from a 14 hour sleep myself Technical analysis can only take you so far with BTC at the moment. It is not a stock or commodity with a fixed # of shares on the market, the # of BTC available for trade is growing every 10minutes or so, not to mention the folks who are saving it juxtaposed with those who are selling it as they acquire it. There is a lot of positive happening in the crypto space that easily outweigh the technicals. The biggest one so far is the following. http://online.wsj.com/news/articles/SB10001424052702304049904579518224044905190?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304049904579518224044905190.htmlFor those who cant get past the paywall. New York-based bitcoin trading platform Atlas ATS is partnering with a small U.S. stock exchange to expedite a regulatory approval process that has stymied the development of digital-currency exchanges in the U.S. Under an agreement to be announced Wednesday, the National Stock Exchange, which is owned by the CBOE Holdings, CBOE +1.33% Inc. and is recognized by the Securities and Exchange Commission as a self-regulatory organization, or SRO, will write and enforce the rules governing how Atlas's exchange functions. Once the two parties have agreed to those rules and surveillance procedures, Atlas will become the first bitcoin marketplace to be regulated by a "quasi-government entity," Atlas Chief Executive Officer Shawn Solves said. That should mean it can bypass the time-consuming process currently confronting other budding bitcoin exchanges, such as Kraken and CoinMkt, both of San Francisco. Those other exchanges have been forced to seek money-transmitting licenses from nearly all 50 U.S. states following instructions provided in October by the Treasury Department's Financial Crimes Enforcement Network, or FinCEN. In that guidance, FinCEN said federally regulated entities would be exempt from those requirements. It isn't clear how the SEC, which doesn't regulate bitcoin, might respond to Atlas's use of the National Stock Exchange's SRO status to earn this exemption. The SEC declined to comment for this article. In a statement, Atlas said its rule book would be based on SEC-approved rules used by U.S. stock and option exchanges. These establish requirements for record books, the segregation of customer accounts, security of assets and other standards. For the all-electronic National Stock Exchange, or NSX, the move could deliver a new source of revenue and relevancy in an industry increasingly dominated by far bigger exchanges such as IntercontinentalExchange ICE +1.62% Group and its NYSE-Euronext unit and Nasdaq OMX NDAQ +3.21% Group. NSX traces its roots to the Cincinnati Stock Exchange, founded in the 1880s. The NSX so far this month has averaged just 0.2% of daily stock-trading volume in the U.S., according to data provided by BATS Global Markets Inc., a competitor to NSX. An NSX president, Francis Corcoran, declined to comment. Atlas's Chairman, William Karsh, is currently listed as a special adviser to the NSX. He said the decision to work with Atlas was made entirely by NSX Chairman and CEO David Harris. "I was instrumental in explaining what the industry around virtual currencies was all about, but that's about the extent of my involvement," Mr. Karsh said. Atlas functions like an automated bitcoin trading system, providing rapid-fire, anonymous matching services for clients such as high-frequency trading firms, though it isn't formally regulated as an ATS by the SEC. Atlas also offers a public exchange where prices are broadcast to all market participants. Launched last month with links to sister exchanges in Hong Kong and Singapore, the marketplace is currently processing 7,000 to 10,000 transactions a day while the public exchange is handling volume of just 100 to 1,000 trades a day, Mr. Solves said. Atlas's launch coincides with efforts by other Wall Street-connected firms, such as private exchange SecondMarket Inc., to develop robust, high-tech and regulated bitcoin exchanges for professional investors. These are presented as alternatives to the Internet-based offshore retail exchanges that currently dominate digital-currency trading and whose vulnerabilities were highlighted by the collapse of Tokyo-based Mt. Gox in February. Bitcoin's price soared to a peak of $1,145 in early December. However, it has since fallen below $500, according to a Coindesk index, following a string of negative developments, including the Mt. Gox bankruptcy. I agree with what you saying about TA, but I'm talking consumer adoption cycles in technologies, these are usually the long-term fundamentials why TA usually sits ontop of those fundamentals to give a day-to-day outlook of the market. New or no news. The market will follow these psychological cycles as they have done for the past few years and will continue to do so until mass awareness |
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I am a DJ here in the city I live in.. Needless to say I know a lot of attractive girls.
I have brought up the idea of working with a few very pretty women I know.
So far I have a few girls on board, And they are excited at the opportunity!
I have no intention of running off with the funds, This will be very lucrative business and I plan to keep it running as long as my good looks and cock stay virile! Once my looks fades and the viagra no longer works I plan to retire frm the cams myself but keep the business running.
Klyemax Studios hopes to bring sexy home grown Canadian girls live to your monitor!
Thank you for your interest! Talk to you soon!
KLYE
would you be willing to give a copy of your ID to a third-party escrow service? they would only release it if you did decide to do a runner. This would give investors allot of peace of mind. thanks. |
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