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Info about dividend payout for this week:
211.53658438 BTC in total from mining and converted NMC's:
- 85.30117985 as Dividend (0.00105737 BTC / share)
- 45.93140453 Reinvestment
- 80.30400000 Hosting Fee
Status update:
- As mentioned last week, new hardware will arrive after official holidays. We expect a new shipment early next week.
- We are working on some analyses and will announce some ideas for strategical improvements next week.
What can I say? Thank you, Cryptx. Div 0.001 is actually good , and it bring us 77% yield now. I expect the yield would keep around 55% as before. No need to mention the share price. And the new strategy? Glad to hear about that! |
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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 $500 BTC mark and start rising a bit again. As people see a bit of a spike in bitcoin price from the large buys, I'm sure they will follow suit and drive it up too.
Friedcat saves our asses. |
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http://imgur.com/P0myVrgPrice or btc values, in % (looks the same). I've added the BTC price for each dividend pay date, as a reference. Hosting cost keeps rising and looks (correctly) correlated to btc price (until last week, were massive deployment happened... so should be fine). I'm not convinced that I'm looking at data correctly. Maybe I should add difficulty in there? Yes, you should add difficulty here. Each time difficulty increasing means we need to output more power to acquire the same amount of btc, that means more higher hosting fee. 1% more difficulty = 1% more hosting fee. If the trend keeps going this way, by the 1st of August we should have:
75% for Hosting
9% reinvestment
16% dividends.
At the end of September, the dividends go to zero.
Of course, only if the BTC/$ 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?)
There is no cheaper electricity in this project. Petamine charges hosting fee 0.45 $/kwh. See? It's based on the electricity. Unless they are willing to reduce their salary. Find other power efficiency chips is one way. 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?
Right now as I know, Petamine's reinvestment is around 2.2 USD/Ghs. Which is not bad, currently the cheapest Ghs in the market. And that brings us about 3% of current hash rate growing each week. However, the total network is growing like 7%~8% each week. Which means we are falling behind. And I suspect the difficulty growing is not going to slow down before September. So I think it's a very harsh situation to shareholders right now. Petamine doesn't care about this, because they charge based on electricity consumed. So the problem is going to be considered by shareholders. The solution is quite clear - BTC price need to be doubled , so we are able to reinvestment more Ghs to catch up with the difficulty growing. (Assuming price rise doesn't lead to insane difficulty growing rate.) Or Petamine needs to lower the hosting fee so that we can deploy more Ghs with the reinvestment part. And both of these are not controlled by us. So I think the dividends are about to start decreasing in the next 2 or 3 weeks. That's why the share price are keeping around 0.065, and I don't think it's undervalued right now. |
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The other thing we cannot control is Bitcoin's price. If bitcoin's price keeps around USD$500, and network hashrate keeps going up to 200PH/s, by that time we shareholders would receive nothing as dividends. Unless Cryptx starts to deploy better GHs/Watts miners. So it's necessary to start next gen custom boards research/production, using better chips like AM gen3 chips or something else.
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At this week, we should take an additional level to our betting game: Will we hit 500TH/s before Friday - YES/NO? I would say YES!  Personally I hope yes, but I would say no this time. Custom board should bring us total 250TH/s and that's all. Evan Peta deploys all custom board before Friday, we shall see around 450TH/s there. There's no way to be 500 TH/s this week. Unless Bitmine delivers those rigs to us this week but that is impossible from now to see. So I'd vote NO. Sadly, but that's true. I'd be very surprised if now we have our own production CryptX hasn't agreed with bitmine to swap the rigs for chips. It's a win win for both companies. 1) Bitmine can use the units they where going to send to us to clear up their customer backlog, which is killing their business. Plus, they have no problems supplying chips. This would be a massive win for them. 2)CryptX doesn't have to rely on bitmine to produce their units as we can now produce ours. This is a massive win for us. The only reason we had unit orders was because it was going to take a couple of months before we could design snd produce our own PCBs, and Since CryptX went to see bitmine a few weeks ago, I don't think we have actually had any units from them. Everything points to the above. I think from now onwards we are done with bitmines units and now just using them for chips. /speculation At this week, we should take an additional level to our betting game: Will we hit 500TH/s before Friday - YES/NO? I would say YES! And nah. This seems crazy. considering how many units we've received last week and this week, everything points to a max capacity of 100 of our own units a week. And I think we've had our batch for this week. If I'm wrong, il be really happy, but it just seems kinda excessive. I'm over the moon with 100TH a week though. If we continue this 100TH a week progress, a month later we would be around 1% of total network. By that time, div would probably be around 0.0014. Can't wait! |
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At this week, we should take an additional level to our betting game: Will we hit 500TH/s before Friday - YES/NO? I would say YES! Personally I hope yes, but I would say no this time. Custom board should bring us total 250TH/s and that's all. Evan Peta deploys all custom board before Friday, we shall see around 450TH/s there. There's no way to be 500 TH/s this week. Unless Bitmine delivers those rigs to us this week but that is impossible from now to see. So I'd vote NO. Sadly, but that's true. |
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I tell you what. Since B.MINE is so fucking cheap right now, you should just strong buy B.MINE shares and sell all your PETA shares if you have any, do not stop until B.MINE shares hit 0.09 btc per share. That won't cost you much, probably 20~30 btc can do it. And congratulations, you get all the cheap shares in the market, yaaaaaaaaay. Congratulations, you obtained the "The "Genius" price"  You didn't understand my question was rhetorical one Yes, I am riding the EXCH/MINE/SELL horses since 3 months and starting with 20 BTC now I have 35 BTC.How? Easy. Best regards by far the trolliest thing i have ever read. you know the point of trolling is to try and disguise your stupidity right? FYI, for anyone who doesn't get what i am saying, its impossible to make that much from BDD, you can make a few percent here and there if you bet right each round but 75% is beyond impossible. honestly, this is the stupidest lie i have ever read on this forum. Hint: Do you know, that you can buy but also sell shares ? Looks like someone did what I told. BDD.Mine is 0.04 now, lol. |
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I just saw this today: http://www.coindesk.com/cointerra-ships-5000th-terraminer-offers-20-discount/. I went to the CoinTerra website and confirmed this was the case, and you do claim that you have miners in stock. The story I linked to also has the following line: March orders were fulfilled and the company now says it has shipped the April batch of orders to customers ahead of schedule. They have not shipped my March order yet. This is incredibly frustrating for me when you take into account everything I went through with my December Order. I am sending them an email, and will let everyone know. Dude, my situation is just as same as you. God knows when will CT send those compensation miners. |
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I tell you what. Since B.MINE is so fucking cheap right now, you should just strong buy B.MINE shares and sell all your PETA shares if you have any, do not stop until B.MINE shares hit 0.09 btc per share. That won't cost you much, probably 20~30 btc can do it. And congratulations, you get all the cheap shares in the market, yaaaaaaaaay. |
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Good job on the custom systems.
@Cryptx
As Bitmineīs production remains low and they didnīt meet their contractually stated deadlines again, would it be an option to simply convert the order of rigs/desks into a larger order of Chips?
(larger because assembly cost, PSU cost etc., aswell as compensation for late delivery...)
Assuming you can produce a decent amount of units per week (which this week has shown us) this might be a faster, cheaper solution with considerable advantages for both us and them.
I dont know the leadtime for parts used in your system. However, i think hat bitmine might also be happy with that agreement,
as they would no longer need to compensate for their continouing delay.
Totally agree with you. Convert those orders into chips would be great. And by doing that maybe we can hit 1 PH/s very soon. |
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We will begin producing our own units either this week or next, once this starts we can see how many we are producing a week and make a more accurate estimate. It also depends on whether bitmine can deliver their rigs at a reasonable rate(I wouldn't count on this)
I'd say anywhere between four and eight weeks is a reasonable estimate given the information we currently know.
The four week best case is us producing the original 80 units a week, bitmine delivering 20 rigs a week, plus reinvestment from our current Chinese provider.
The eight week worst case is maybe 10 TH/s a week from bitmine, plus us producing 40 units a week, plus the same reinvestment
All will become clear soon. Whichever, it's a massive leap forward with our own custom units. Lets just hope we don't have any production issues
On a positive note, my spreadsheets are telling me about 700 shares were removed in total from the sell side over the past 24 hours. Most of these were large sells between the 0.075 - 0.1 range. A great sign of investor confidence
Perfect! Thanks Mike(...MikeMike?) Do we know how many TH/s each unit will be packing? So obviously the longer this ramp-up takes, the further away from the elusive 2% mark we fall... do you think we'll ever get there? Yea, mike was taken... As at now, bitmines desks produce 1 TH/s, the rigs 2 TH/s, and our custom units are unknown I'm getting my estimates for our own future unit production based on the original projections given by cryptX, and that was that we could produce 250 TH/s of our own hardware in three weeks. My best case scenario above is less than this, but prudence is always a good basis for speculation As for the 2% goal, it is highly ambitious. Obtainable, but ambitious. But I honestly believe in the CryptX team. There has been allot of positive indicators over the past few weeks that they know what they are doing, they are fully prepared for the future, and they are putting in allot of effort. All this combined makes me think they will drive to achieve it. Whether they can or not I don't know given the information we have. Basically, I wouldn't like to say. But I would put a very high percentage on us getting to 1 percent, which with all considering, is still an excellent achievement. As I said, we will know allot more when we know how many units we can produce each week on our own. I'd say 1% is very optimistic. My estimation is 0.6% after a month. There may be 80+ PH/s one month later. And that means if we hit 1%, we will need to have 800TH/s , that's not likely to happen. Unless Bitmine fully deliver and CryptX deliver over 250TH/s. Do you think that is really going to happen in one month? Sure if CryptX build some really cheap and efficiency miners then we should be able to catch up with the network and finally get the 2% goal. Anyway, we should wait and see what CryptX brings to us this week. |
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if theyre shipping from stock, where the f**k is my april order???
some ppl talk so much shit its hard to wade through
They said April orders will ship in April. 12 days in and not even halfway through the month I think you could be a little more patient. THey seemed pretty confident they'd be on time and you're jumping the gun claiming they havn't shipped yet. Plenty of April left to go and there's a good chance you will get it in days not weeks. Relax. Dude, they told me they will give me a March batch one for compensation, it's April 15 now and I haven't receive it. By the way, anyone received their compensation miner ? |
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If we are at early predictions...
0.00061789
Or 0.0008 ?
just noticed a tx of 23.399 btc on PETA address. Chips are sold?
If the chips are sold, then will the BTC be used to buy more of the new line of chips or simply be used for dividends? If it is used for dividends then it cannot simply be added to the total mined, as the hosting fee should not apply to the BTC derived from the sale of those chips.I agree it should be used for buying new hardware. As for those money's initial purpose. |
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Some questions for ALC,
1. Why focus on Scrypt miner not SHA256 miner. What's the strategy behind that?
2. So far KNC's Titan scrypt miner is 2 times efficient than ALC's miner. And both the price are the same. And we all know KNC is a promising company so those data are very likely to be true. Do you think 3 months ship date ahead KNC's Titan is worthy the high price?
3. Do you mind a investor or customer visit in your Taipei 101 office?
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Dividend:
103.46617467 BTC in total from mining:
- 46.09390765 as Dividend (0.00057136 BTC / share)
- 24.81979643 Reinvestment
- 32.55247059 Hosting Fee
Status Update:
- Units bought with last week reinvestment funds will arrive on Tuesday, we will buy additional units with this weeks reinvestment (4TH for 24 BTC).
- 350 A1 Chips are still for sale.
- Production of our own systems started and we expect first units to be ready by next week.
That is it. Next week is big show. |
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Today payout day for 200 TH means minus 300% dividend to projected 700 TH. Shareprice drop to 0.025 expected soon.
don't talk nonsense Let me do you a favor. I would like to buy all your shares at 0.03, that's a 20% premium. PM me. |
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We have deployed the 18 Dragon miners. All are working fine. Therefore we have ordered another 5 miners at the price of 6 BTC. Retail price is 6.79 BTC ( http://www.lketc.com/engoods/show/252.aspx) These miners should arrive next Thuesday. So if LK can turn around 1TH units in a week, are there any plans to transition investment away from Bitmine and into LK? I must be missing some key factor as to why that's not being more actively pursued. Anyone care to point it out to me? Transit from Bitmine into LK is indeed a good choice. Since Coincraft rig (2TH/s $11999) is overpriced and the late delivery. I'll vote yes on this. However the problem is the contract PETA has dealt with Bitmine. |
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another 20TH coming. sweet.
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One thing is that could PETA request a refund since those Coincraft rigs are severely delayed? If yes, it's better to use those money buy some 1THs rigs from Chinese vendor, much cheaper and faster. And sure, PETA still buy chips from Bitmine, just refund some of those Coincraft rigs and we could make a quick deployment in 2 weeks.
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ahahha, please tell me your not serious? you couldn't have just made a post stressing about the importance of basic math fundamentals in business logic and then claimed all we own is 50 units from bitmine. ahahahahaaa, btw, is that your bot that just got turned on?
Let me ask you something. You REALLY BELIEVE in 770 TH in two weeks?? now with 150 TH and ordered more 18 TH? and yes of course i want to buy cheap and sell on a high. 770TH is really pushing it. We can do like 350TH in 7 days but that is with serious professionals and Data-center already prepped. Just opening boxes and cutting cables and labeling with take a serious amount of time. FYI, just want to give some expert opinions for people. Cheers, Dalkore It's all depend on Bitmine. There's not much PETA-MINE can do to help this situation. I believe PETA has a prepared data center capable to set up rigs they received in a very short time. And this is the situation we have known from the very beginning, that the Manufactures don't ship those rigs on time. And since PETA's deploy speed is ahead the BTC network, I think there's not much to worry about if you are a long term investor. Go PETA. |
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