soft/firmeware update ?
Dear all, We are finishing to test the latest firmware internally, this took longer than expected because it will allow users to overclock/overvolt their systems and as such we had to make sure this won't affect the systems even on prolonged use. We are quite confident that within the end of the week it will be released, this is the preliminary list of changes that have been done: *) Fixed OpenSSL heartbleed vulnerability *) Fixed web interface issues with Apple iOS-based safari browser *) Fixed an issue with recent generations of One-Wire temperature sensors *) Added thermal shutdown and automatic recovery *) Added over/down-voltage ability both with basic preset settings and advanced settings, leading to an increased hashing rate. *) Updated cgminer to latest version 4.3.0 *) Optimized cgminer's driver with up to 20% less CPU usage on Raspberry Pi system *) Stepped back to diff-1 jobs so that HW errors will be detected earlier and the displayed hashing rate will be more consistent with the effective hashing rate When it will be released, the new firmware will be linked here and also announced on our newsletter. nice -> end of this week mean tomorrow 25.4. or sunday 26.4. ? Sunday. Hi Giorgio, its nice to see you back on the forum. how are the rigs coming along? |
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My major concern with havelock is how none of the projects listed on there are trading above IPO price - yet havelock interacts with each business by determining when to release funds etc. Now, this concern is valid but it pales in comparison with cryptostock - where the owner is a known thief.
Counterparty looks good on the surface but seems very difficult to use.. and I've yet to find any IPO's on there that have sold more than a handful of shares.
This leaves me in a bind.. I am more inclined to do a direct share issuance, but would appreciate any and all feedback with that approach
i don't know all of the securities on havelock as well as i should, but i know PETA trades above IPO price. its also important to note that all of the securities on havelock are serious business propositions, and very few serious business propositions will see a high return in their first six months. the only exclusion to this was NEOBEE, but as most people know, neobee was a serious proposition but was just handled extremely poorly. havelock is probably the way to go. if your serious about a long-term business, and you don't mind them having somewhat control of your funds(which is necessary to give security to investors), then speak to their team, they are known to be extremely helpful and truthful with what they can and will provide, and will always work with businesses in there earliest stages to help them get off the ground. good luck. |
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havelocks probably the best. its slow at times but will give your investors piece of mind when it comes to their security and your intentions. allot of people won't trade on MPEx, not because its necessarily a scam(but this is worrying considering the investigations going on), but more because of the negative PR, the poor site design and the way a few of there management handled themselves on this forum.
Counterparty is another good example. but it just seems like a bit of a nightmare to use compared to the other exchanges, i do believe its the future, but probably not right now.
good luck.
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when did i say we need to push this on people?
and when did i say BTC was undervalued? i used a farfetched example of if was trading for 1/40th of its current value to explain my frustration of the current situation of this security.
you have got this the complete wrong way around. i love this project, but me, like many others, are heavily invested with hundreds of BTC, and having them tied up to a security that is servery undervalued is frustrating to say the least.
i'll always keep 50% in because i believe in this project, and most importantly, i believe in the team behind it. but i'd love to take the other 50% out at a huge profit. i'd be lying if i said i didn't and trust me, the majority of investors would be too.
there are two sides to a successful investment, what you can make via dividends and what you can make via buying a selling. its usually the difference between being short-term and long-term. but most good investors will look for a split down the middle. you seem heavily to the long-term side, which is admirable, but some of us would rather not take that 100% risk.
BTC is undervalued: you never said it. I did. I got it wrong, maybe, but the general discussion was pointing in going to Belgium to have pictures of the mining facility to eventually publish them and get more interest from new investors, creating higher demand that will generate a possible increase in price. So "PETA price is undervalued" seemed the statement to me. I wanted to say that PETA undervalued is (for me) very similar to BTC being below what I consider the right price (and this is totally MY perception. It may be shared with many other people, but I am speaking for myself only here). I also stated that I am not pushing BTC around sellers (or buyers). Nothing against it. It's just not me. And I strongly believe that BTC will gain more popularity because it is a good system and advertising is not needed. Every time someone IRL asks me about BTC, I never tell them to buy BTC or not. I tell them where to learn about it. I explain the (little) things I know about it and then leave it up to them to decide what to do with their money. Exactly the same goes for PETA. I'm not suggesting my "bitcoin contacts" to enter PETA. This is an investment I believe in and I want to be accountable to me only, not to other people's choices. Sure thing, one of my IRL friends purchased PETA as well and it is a joy for me to be able to talk with him about how our fund is going, how Crytpx is delivering hashing power and so on. Proselytism is something I don't really feel comfortable doing. However, let me also say that I love the conversations we are having here. Except some trolls and FUD spreading accounts, the rest of the people here are a pleasure to speak with and to share our ideas with. I could say "I love the spirit" of the people here. So, back to your last comment. Of course everyone has different situations and needs. However, if you are not in need of spending that 50% that you want to take out at a profit, where are you going to place your btc? Cold storage is a safe place, but doesn't give you any interest. In Peta we currently have a 1% (maybe more today!) interest paid weekly. (of course, what you want to do is your complete choice and I'm not here to argue with that. Just, if you are moving to another investment, it would be nice to know, and maybe follow you there  ) I'm not going to say how many BTC I invested in PETA (nor how much money I invested in BTC). But 70% of my BTC are in PETA, the rest in Cold. [disclaimer: I'm not wealthy. Not rich. Need to work for living. Got out of debts and not planning to get into them ever again. So my BTC/PETA investment can't go wrong or I'll be with my ass on the floor again] Please, take all the above with me smiling, being honest and open. Not trying to have any fight here. English is not my native language and I hope I'm not insulting or being rude with anyone.  hey dude, you didn't say that, but you implied thats what i was saying but yeah, its just a language barrier. anyways, your not being insulting or rude at all, honestly! i do completely agree with what your saying above but this is all about perspective. please understand what we are saying is both correct but it just differs from the situation we are in. we are in very similar boats but just have different outlooks. for example, just like you, i have friends who have money in this, and im invested nearly all in at 80%. the only difference is this is pretty much a full time job for me, as it is with a few others, and having 80% in any investment is enough to make any full time investor extremely twitchy. this is allot less about our differences and more about how we view the risk. if i had more money i wouldn't really care about the price as i know its going to grow organically, and likewise, if i had more money i would be happy for the price to stay as it is so i could keep buying now. but i cant. anyways, i hope you understand what im saying, and its great to see people like you in this project. if all the people were like me then there would be very little community. but yeah, i hope you understand my situation and the reason i have my opinion, its all down to the level of accepted risk and peace of mind, and as a full time investor having over 75% in one thing goes against everything i know. its basically i'd just like to wake up in the mornings and not have this as the first thing i check  so yeah, the sooner we get to our actual current value, which i think is in the 0.013 - 0.015 range, the happier ill be. its the whole eggs in one basket thing, and some of us can't afford to have all of these eggs in one basket, no matter how pretty the basket is hope your good dude, you sound like a nice guy, and im sorry if i come on slightly rude, its just the way i am sometimes when dealing with business, its nothing personal simple calculation
april
450th x 0.008 (price from cex.io) = 3600 xbt total project value 0.045 xbt per share value
700th x0.008 = 5600 xbt project value 0.07 per share value
mai
25 btc / 0.006 (price cryptx paying per ghs) = 4th x 4 weeks reinvestment
716th x 0.004 = 2864 xbt project value 0.038 per share value + dividend (4x 0.001) 0.004 xbt
loss of 35÷ of capital in one month when you buy now.
who's saying this mining project is a finacial win just cant count numbers or beting on people who cant count.
how to make win? by trading shares, only possibility. right mikemikemike? good sellings?
anyone who dont like that numbers, just ignore. dont hate and troll just have a nice day.
Make sure you take a really good look at the maintenance cost on cex before comparing the two. Total power consumption per gh on cex is 1.5W. Now go back to your drawing board and show us your new numbers.. guys. pleaseee dont feed the troll. hes said before he comes here on a friday to buy shares so he can collect the dividends. hes here right on time so he can try and buy slightly cheaper. its silly, but some people are like this. anwyays, ill write the bellow this once because we have new investors, but please dont feed the trolls from now onwards. anyways, You can't value a security at the price of a cloud mining contract. its like valuing apple because of the price of their computers. here is a small number of the reasons. these are in no particular order, 1) it ignores the value of the hardware we accrue over time 2) It ignores reinvestment 3) it doesn't take into consideration the amounts of capital we have in the value of our data center 4) it doesn't take it account the already invested costs that will allow us to grow in the future sustainably 5) it doesn't take into consideration the good relationships with suppliers, we can get things cheaper and quicker because of this, bitmine is a prime example, our relationships and contracts hold leverage 6) it ignores the capital and competitive advantage we have from procuring our own hardware via our own PCB designs and production lines (this is arguably the most important, we were able to grow over 250TH/s in just over a week because of this, and can sustain that in the long-term. i can't stress how important this is, and how uniquely placed we are to grow because of it) 7) it ignores the fact we have complete control, we can adapt and do as we please when we please to suit the market. we are dynamic, not static.  it doesn't take into account price speculation (oculus rift wouldn't have been valued at 1/4 of its value when it was sold if it wasn't for this) 9) it doesn't take into account the accrued value of the community, or investor relations. when you have tens of people now and hundreds of people later who would work for free for this project that's invaluable. 10) it doesn't take into account our buying power, nor the economies of scale we can get from the size of our operation 11) and finally, i've saved this one for last. it doesn't take into account the experience and drive of the team we have who are constantly building this project, this experience and drive is what has got us to where we are now and its what will take us forward anyways, i could go on and on, seriously. as i said before, you don't value apple because of the price it sells its computers. this is the best analogy i can give. in other news. BTC has taken a drop which will slightly affect our hosting costs, but in good news, considering how dire the news actually is, a 10% drop is pretty amazing and shows we are probably not going to go much lower, i think 400 will be our bottom with a potential flash crash lasting an hour or two as the deadline comes closer to about 330. but this is just my opinion. head over to reddit.com/r/bitcoinmarkets and tradingview.com/s/bitcoin to see more indepth news and detailed analysis, in that order. anyways, dividends. guessing on them without running the numbers(it wouldn't be that fun guessing if i did would it? ) im going to go with a dividend of 0.00079 this week, and im putting next weeks dividend at 0.00093. with us breaking the 0.001 barrier the week after that. anyways, stop feeding the trolls, it gives substance to their argument indirectly and makes them look credible. which trust me, bcmine isn't. its like asking a child to value a security and seeing what response they come up with, its cute, but its bullshit to say the least. anyways, people arguing is what he wants. lets stop it looking forward to the update today and our record dividend!! hopefully cryptX is already looking at purchasing new chips so we can continue growing in the coming weeks at the rate we are growing now. steady growth in the share price is also a good sign, we have seen huge buy support this week and have hopefully shaken off most of the short-term holders from the IPO as new investors come in means we should start to see a long-term steady rise in the share price, as we seeing now. anyways, looking forward to another great week. the 250TH/s that came in over the past week should secure my peace of mind for a while  apologies if this is at all hard to read, english is my first language but its definitely never been my strong point i hope you all have a great week and as always, thanks cryptx! hey thanks for the insight. im a new investor myself. may i ask, what do you think the fair value should be? i dont really know how to value securities i just look at the dividends and the future potential tia its hard to say without knowing how many new units we will receive, and at what rate they will come in. If for example, and i think this is the most likely, we can't continue to produce our own machines at the rate we are now, because we should run out of capital, and also because that would be too good to be true, and we just add 50-70TH/s a week as usual, i'm not budging until we get to 0.12 - 0.15 as anything less than that i'd consider undervalued, considering where we are at now and where we are conservatively going. if we can continue at the rate we are growing now, which i can only see if CryptX finishes off the IPO and uses those funds towards our own production, then anywhere between 0.25 and 0.35. this might sound far fetched, but if we can sustain a few percent of the network then i wouldn't really sell out for any less. please understand this security is going through a kind of reborn phase, we had the IPO where projections were made, and since then short-term investors have fled as the return hasn't been straight away realized. the long-term holders though know where this is going, and will see there investment realized over the next couple of months, as we are slowly seeing now. expect a ramp up as we break record dividend after dividend over the next two weeks and new money comes in. anyways, glad to have new investors on board. send me a PM if you get any problems its the whole eggs in one basket thing, and some of us can't afford to have all of these eggs in one basket, no matter how pretty the basket is Got it and completely agree with you. I'm at 70% as mentioned, so I would like some diversification as well. Every time Havelock website has issues (daily), my eye twitches. I know Cryptx has a full updated list of shareholders, still, our money/shares are in Havelock... hahaha yea dude. its scary having so much outside your own control. but its the games we play  but you are right though, cryptX does have a full list of shareholders. so even if it disappears, apart from the initial heart attack, our investment is safe. its just if you have BTC on havelock that isn't invested, thats when i'd be biting my nails lol but yeah, even saying that, i do think havelock is perfectly safe. they are secured by cloudfire and are a registered company with a long history and front facing management. as far as i know, the original owners still run the company, its just been brought out by an investment firm. i just think they have serious server capacity issues, plus they get DOSSed allot by people trying to make a quick buck, which is somewhat out of their hands. |
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when did i say we need to push this on people?
and when did i say BTC was undervalued? i used a farfetched example of if was trading for 1/40th of its current value to explain my frustration of the current situation of this security.
you have got this the complete wrong way around. i love this project, but me, like many others, are heavily invested with hundreds of BTC, and having them tied up to a security that is servery undervalued is frustrating to say the least.
i'll always keep 50% in because i believe in this project, and most importantly, i believe in the team behind it. but i'd love to take the other 50% out at a huge profit. i'd be lying if i said i didn't and trust me, the majority of investors would be too.
there are two sides to a successful investment, what you can make via dividends and what you can make via buying a selling. its usually the difference between being short-term and long-term. but most good investors will look for a split down the middle. you seem heavily to the long-term side, which is admirable, but some of us would rather not take that 100% risk.
BTC is undervalued: you never said it. I did. I got it wrong, maybe, but the general discussion was pointing in going to Belgium to have pictures of the mining facility to eventually publish them and get more interest from new investors, creating higher demand that will generate a possible increase in price. So "PETA price is undervalued" seemed the statement to me. I wanted to say that PETA undervalued is (for me) very similar to BTC being below what I consider the right price (and this is totally MY perception. It may be shared with many other people, but I am speaking for myself only here). I also stated that I am not pushing BTC around sellers (or buyers). Nothing against it. It's just not me. And I strongly believe that BTC will gain more popularity because it is a good system and advertising is not needed. Every time someone IRL asks me about BTC, I never tell them to buy BTC or not. I tell them where to learn about it. I explain the (little) things I know about it and then leave it up to them to decide what to do with their money. Exactly the same goes for PETA. I'm not suggesting my "bitcoin contacts" to enter PETA. This is an investment I believe in and I want to be accountable to me only, not to other people's choices. Sure thing, one of my IRL friends purchased PETA as well and it is a joy for me to be able to talk with him about how our fund is going, how Crytpx is delivering hashing power and so on. Proselytism is something I don't really feel comfortable doing. However, let me also say that I love the conversations we are having here. Except some trolls and FUD spreading accounts, the rest of the people here are a pleasure to speak with and to share our ideas with. I could say "I love the spirit" of the people here. So, back to your last comment. Of course everyone has different situations and needs. However, if you are not in need of spending that 50% that you want to take out at a profit, where are you going to place your btc? Cold storage is a safe place, but doesn't give you any interest. In Peta we currently have a 1% (maybe more today!) interest paid weekly. (of course, what you want to do is your complete choice and I'm not here to argue with that. Just, if you are moving to another investment, it would be nice to know, and maybe follow you there ) I'm not going to say how many BTC I invested in PETA (nor how much money I invested in BTC). But 70% of my BTC are in PETA, the rest in Cold. [disclaimer: I'm not wealthy. Not rich. Need to work for living. Got out of debts and not planning to get into them ever again. So my BTC/PETA investment can't go wrong or I'll be with my ass on the floor again] Please, take all the above with me smiling, being honest and open. Not trying to have any fight here. English is not my native language and I hope I'm not insulting or being rude with anyone. hey dude, you didn't say that, but you implied thats what i was saying but yeah, its just a language barrier. anyways, your not being insulting or rude at all, honestly! i do completely agree with what your saying above but this is all about perspective. please understand what we are saying is both correct but it just differs from the situation we are in. we are in very similar boats but just have different outlooks. for example, just like you, i have friends who have money in this, and im invested nearly all in at 80%. the only difference is this is pretty much a full time job for me, as it is with a few others, and having 80% in any investment is enough to make any full time investor extremely twitchy. this is allot less about our differences and more about how we view the risk. if i had more money i wouldn't really care about the price as i know its going to grow organically, and likewise, if i had more money i would be happy for the price to stay as it is so i could keep buying now. but i cant. anyways, i hope you understand what im saying, and its great to see people like you in this project. if all the people were like me then there would be very little community. but yeah, i hope you understand my situation and the reason i have my opinion, its all down to the level of accepted risk and peace of mind, and as a full time investor having over 75% in one thing goes against everything i know. its basically i'd just like to wake up in the mornings and not have this as the first thing i check so yeah, the sooner we get to our actual current value, which i think is in the 0.013 - 0.015 range, the happier ill be. its the whole eggs in one basket thing, and some of us can't afford to have all of these eggs in one basket, no matter how pretty the basket is hope your good dude, you sound like a nice guy, and im sorry if i come on slightly rude, its just the way i am sometimes when dealing with business, its nothing personal simple calculation
april
450th x 0.008 (price from cex.io) = 3600 xbt total project value 0.045 xbt per share value
700th x0.008 = 5600 xbt project value 0.07 per share value
mai
25 btc / 0.006 (price cryptx paying per ghs) = 4th x 4 weeks reinvestment
716th x 0.004 = 2864 xbt project value 0.038 per share value + dividend (4x 0.001) 0.004 xbt
loss of 35÷ of capital in one month when you buy now.
who's saying this mining project is a finacial win just cant count numbers or beting on people who cant count.
how to make win? by trading shares, only possibility. right mikemikemike? good sellings?
anyone who dont like that numbers, just ignore. dont hate and troll just have a nice day.
Make sure you take a really good look at the maintenance cost on cex before comparing the two. Total power consumption per gh on cex is 1.5W. Now go back to your drawing board and show us your new numbers.. guys. pleaseee dont feed the troll. hes said before he comes here on a friday to buy shares so he can collect the dividends. hes here right on time so he can try and buy slightly cheaper. its silly, but some people are like this. anwyays, ill write the bellow this once because we have new investors, but please dont feed the trolls from now onwards. anyways, You can't value a security at the price of a cloud mining contract. its like valuing apple because of the price of their computers. here is a small number of the reasons. these are in no particular order, 1) it ignores the value of the hardware we accrue over time 2) It ignores reinvestment 3) it doesn't take into consideration the amounts of capital we have in the value of our data center 4) it doesn't take it account the already invested costs that will allow us to grow in the future sustainably 5) it doesn't take into consideration the good relationships with suppliers, we can get things cheaper and quicker because of this, bitmine is a prime example, our relationships and contracts hold leverage 6) it ignores the capital and competitive advantage we have from procuring our own hardware via our own PCB designs and production lines (this is arguably the most important, we were able to grow over 250TH/s in just over a week because of this, and can sustain that in the long-term. i can't stress how important this is, and how uniquely placed we are to grow because of it) 7) it ignores the fact we have complete control, we can adapt and do as we please when we please to suit the market. we are dynamic, not static. it doesn't take into account price speculation (oculus rift wouldn't have been valued at 1/4 of its value when it was sold if it wasn't for this) 9) it doesn't take into account the accrued value of the community, or investor relations. when you have tens of people now and hundreds of people later who would work for free for this project that's invaluable. 10) it doesn't take into account our buying power, nor the economies of scale we can get from the size of our operation 11) and finally, i've saved this one for last. it doesn't take into account the experience and drive of the team we have who are constantly building this project, this experience and drive is what has got us to where we are now and its what will take us forward anyways, i could go on and on, seriously. as i said before, you don't value apple because of the price it sells its computers. this is the best analogy i can give. in other news. BTC has taken a drop which will slightly affect our hosting costs, but in good news, considering how dire the news actually is, a 10% drop is pretty amazing and shows we are probably not going to go much lower, i think 400 will be our bottom with a potential flash crash lasting an hour or two as the deadline comes closer to about 330. but this is just my opinion. head over to reddit.com/r/bitcoinmarkets and tradingview.com/s/bitcoin to see more indepth news and detailed analysis, in that order. anyways, dividends. guessing on them without running the numbers(it wouldn't be that fun guessing if i did would it? ) im going to go with a dividend of 0.00079 this week, and im putting next weeks dividend at 0.00093. with us breaking the 0.001 barrier the week after that. anyways, stop feeding the trolls, it gives substance to their argument indirectly and makes them look credible. which trust me, bcmine isn't. its like asking a child to value a security and seeing what response they come up with, its cute, but its bullshit to say the least. anyways, people arguing is what he wants. lets stop it looking forward to the update today and our record dividend!! hopefully cryptX is already looking at purchasing new chips so we can continue growing in the coming weeks at the rate we are growing now. steady growth in the share price is also a good sign, we have seen huge buy support this week and have hopefully shaken off most of the short-term holders from the IPO as new investors come in means we should start to see a long-term steady rise in the share price, as we seeing now. anyways, looking forward to another great week. the 250TH/s that came in over the past week should secure my peace of mind for a while apologies if this is at all hard to read, english is my first language but its definitely never been my strong point i hope you all have a great week and as always, thanks cryptx! |
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Back to your point:
1. if you are not planning to sell your shares
2. if cryptx doesn't care about the shareprice but focuses on the operation
3. why would we want to have the shares increase in value?
imagine if you've invested loads of money in bitoin. it would be like if it was only trading at 10 dollars, yeah, you know its worth more, but it would be pretty frustrating watching it trade at 10 we don't need to imagine. We all invested in Btc and know it is worth more than current trading values. That's why we hold. That's why we looked for investments in Btc that pay out interest/dividends in Btc. But I'm not one of those who ask to each shop if they accept btc to push for acceptance. 😊 when did i say we need to push this on people? and when did i say BTC was undervalued? i used a farfetched example of if was trading for 1/40th of its current value to explain my frustration of the current situation of this security. you have got this the complete wrong way around. i love this project, but me, like many others, are heavily invested with hundreds of BTC, and having them tied up to a security that is servery undervalued is frustrating to say the least. i'll always keep 50% in because i believe in this project, and most importantly, i believe in the team behind it. but i'd love to take the other 50% out at a huge profit. i'd be lying if i said i didn't and trust me, the majority of investors would be too. there are two sides to a successful investment, what you can make via dividends and what you can make via buying a selling. its usually the difference between being short-term and long-term. but most good investors will look for a split down the middle. you seem heavily to the long-term side, which is admirable, but some of us would rather not take that 100% risk. |
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Back to your point:
1. if you are not planning to sell your shares
2. if cryptx doesn't care about the shareprice but focuses on the operation
3. why would we want to have the shares increase in value?
imagine if you've invested loads of money in bitoin. it would be like if it was only trading at 10 dollars, yeah, you know its worth more, but it would be pretty frustrating watching it trade at 10 |
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there we go 434terra cmon baby give it to papa Jesus christ. I hate using this saying but were going to the moon. 100 TH/s last week, 130+ this week. Call me pessimistic but I cant see us keeping this up. This is beyond ridiculous. Im probably speculating but I wouldn't be surprise if bitmine is delivering... Maybe the PCB they are using is our design and in exchange we get delivered first... is that remotely possible? finger cross we go above 500terra today... if we break 450terra that would be a great sign for us Dude, we were at 200 TH/s a week ago. This is already the best sign we could have hoped for. Im gonna liquidate and send us back to the moon soon. Never been happier with one of my investments. To put this in perspective, the SP is the same as it was a week ago. We are still getting phenomenonal value. Wish bcmine was still here to spread fud as I think the opportunity for cheap shares is going to die very shortly. Were early adopters in what is the best securities investment going. Im over the moon, would hug the shit out of cryptx if I saw them |
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there we go 434terra cmon baby give it to papa Jesus christ. I hate using this saying but were going to the moon. 100 TH/s last week, 130+ this week. Call me pessimistic but I cant see us keeping this up. This is beyond ridiculous. |
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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. |
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P2pool is the way to go. If they install the daemons for ALL of the coins that support merged mining we will make more than we are with ghash. Yes, there is a variance with payouts, but we are on a weekly dividend schedule, and if 1 weeks dividends are lower because of variance than the next weeks is likely to be higher to make up for it.
As far as programming software, NO you don't need to. Bitcoind supports mining, all you have to do is point all of your miners at a local ip address once its setup. Its not that big of a deal and for the guys managing/installing the hardware for petamine, it would be a walk in the park. I do agree that if we decide to split the hashrate at some point, it would be nice to atleast have some at p2pool, as it is a great concept. The reason why we should try to have as little variance as possible, is to not add further reasons for price speculation to the mix, it is already complicated enough. I was not talking about programming a standard miner software to run the blockchain and mine directly on it, i was talking about more complicated management software. This concerns individual miner monitoring etc., right now this can easily be done via gh.io on a per worker basis (and other features too), if a machine has a problem you will know it. Many existing features that gh.io or indeed any pool offers us right now would have to be built on our own. Pooled mining also eases the way for Cryptx´ maximum transparency, as anyone can view stats, etc. Finally, i think it is important to not try to fix problems that currently (and most likely in the future) dont exist. Have cryptx focus their energy on delivering amazing hashpower!+1 +2 +3 |
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without detailed calculations : I think we still have insufficient mining power to go with luck into finding blocks ourselves
@ 350 Th/s : Average generation time for a block : 23 hours, 47 minutes
2 What's wrong with 1 block each day on average? Seems fine to me. 1 block on average is fine by me, but if we have a bad luck string, it could be several days without a block. that could hurt our divs at the moment. We should first try to get around 1,5 to 2% of total hash rate before thinking to go solo. With a lot of luck we could also generate above average and have nice divs, but with current calcs I think it could be tricky. But hey, it's not up to me, it's up to all of us Nah. It's up to CryptX. They'll know what's best. |
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Hey guys, The reason we are still seeing sell pressure is uncertainty. The issue with this project isn't with the fundamentals, because fundamentally, looking at the results as they are at now, it's arguably the best project to be in. We have an excellent management team, coupled by already existing and paid for contracts, relationships with multiple suppliers and most importantly, an ability now to produce our own machines at a much lower price than any of the competition. But the reason the shareprice is stagnated is a lack of financial information, outside of what i have posted above, no one really has a clear understanding of where we are at financially or where we are going and this is what impacts share price the most. Until we get a full update of the entire situation, including projections, we are still going to see huge amounts of speculation and therefore uncertainty, which this thread is nearly entirely full of. If CryptX was to clear all this up, and give us the sort of quarterly update with projections that other securities get, then I believe we would see a huge rise in the share price as people realised the situation we are in and wern't just guessing. It would be ideal if CryptX could give us some new projections, I would do them myself but they would probably not be accurate. CryptX, it would be a lovely if you could pull them together, it would really benifit all of us greatly. It would also get rid of allot of the speculation in this thread that is bordering on the FUD level. Anyways, keep up the great work CryptX. If you fancy making your shareholders very happy then a full update with projections would be a very very early Christmas present for us all Thanks, +1 +2 +3 This makes allot more sense than anything I can think of. Its the only thing that explains how we have increased in size by over a half in under a week, even with all of the positive news, yet share price is still down. Too many unknowns. Need clarification on the financials and a full update of the entire situation. Too much speculation and uncertainty, even with all the positive news. This thread kinda sums it up |
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Why so much selling pressure despite increasing hashrate   This is something I'm very interested to find out aswell. It might be a large amount of people who brought in when the price bubbled up to 0.12 and are not willing to wait for the price to restore, it might also be people who need the capital, it might also be traders who are just coming in and out. I dare say it aswell but it could also be people who are unhappy with the current situation, but considering how well things are progressing it seems crazy to sell out. Honestly, I can't really be certain, it seems slightly alien to me considering the situation. What I can be certain about is most of the people who are selling out now are probably in this for the short term, and there is only so many people who can sell out until we are left with the long term holders and the price begins to naturally rise. But tbh I'm starting to enjoy the low price, it allows me to accumulate more shares without breaking the bank. And with dividends rising, with record breaking ones last week, this week and next, we are still seeing a great return. On a side note, we should see a rise this weekend as we smash another record dividend. Allot of the people less interested in the project and more looking for an easy profit will jump on board as they see us beating record after record. Give it a week or two, we should see some nice growth by then. I'm still holding out till we break the previous record of 0.12 before I consider selling even a small amount(this would represent a 2.4x profit on my cost average) Anyways, I'd be interested to hear from someone who is not bcmine or darkstone2 as to why they are selling. Would give us some valuable insight. |
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Could someone please explain this 'Wall" thing? Thanks. Its basically a very large buy or sell order that would have to be filled for the price to keep increasing or decreasing. In sell orders its typically called a floor. The "wall" at 100btc is meant as a joke. I can say with with 100% certainty peta will never hit 100btc/share STOP SPREADING FUD. 100 BTC A SHARE IS PERFECTLY REALISTIC AND WITH MY CALCULATIONS WE WILL HIT THAT SOME TIME NEXT WEEK, EITHER WEDNESDAY AFTERNOON OR THURSDAY MORNING. -AntiBCMINE |
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Assuming 1$/GH at system level, that would mean that 50PH=50M$. With the current exchange rate and with the current market i simply don't think that will happen. Says the guy running a $5 million dollar group buy.. He's running PRE-ORDER group buy  It's a pre-order group buy for a company that already have a working product and already delivered units sooner than promised. It's not a regular "new company pre-order scheme". Also i have expressed my views regarding this pre-order in the second post of the Group Buy. Also we all know that AM likes to sell in stock miners at an overpriced cost. WAY overpriced. From what i remember they used to sell last year miners for more than 30$/GH when the rest of market was around 15$/GH. My Group Buy offers the lowest $/GH for the pre-order miners from a well established and funded company, but also the lowest $/GH for their already launched miner, the SP10 (2.14$/GH lowest price right now on market). See: https://bitcointalk.org/index.php?topic=575499.msg6278748#msg6278748Firstly, stop using this thread to plug your group-buy. I sincerely doubt anyone cares. Secondly, AM is an established company in this industry, trying to compare it to someone on a forums group-buy is insulting. |
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I love the sheer amount of speculation in this thread, CryptX must be having quite the giggle.
On another note, 477 shares wall disappeared from the sell side yesterday, which is a nice sign. That wall was going to be a killer for any future growth for the SP.
Gonna be an important week, we had nearly 100 TH/s last week, will be interesting to see how many we bring online this week, will give us a good indicator to make more acurrate predictions.
Looking at the current hashrate and the blockchain, my dividend estimate for this week is @ 0.00078.
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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 ? Not sure if your a troll or not, and this post might get deleted as being off topic but... I have never looked closely at the BDD until I read your bickering about it on here. In a matter of minutes I figured out how to make a decent amount of money off BDD, I will not post this publicly because it creates competition, but it is possible to do what you are saying. I have not run any forecasts as to potential profit, but I am going to test my idea live and I am 100% certain that it will work. dude. right after you posted this someone overpaid on BDD.Mine by a huge amount. a buy like that, at those prices, makes very little sense as it assumes we will see difficulty start to fall at an extremely sharp rate. just saying, make sure you fully understand whats going on. anyone who thinks they can beat the system when it comes to derivatives is usually making a huge mistake somewhere, i mean, not everyone, but 99.9% of people. best of luck though. and yeah, if you've found the golden ticket then keep it to yourself. you'll deserve it. ps: what the guy above is saying is he is basically just day trading the price. i very much don't think he understands the fundamentals behind the derivative itself. Its not a golden ticket, just some well timed buy/sell orders. I am kicking myself for not seeing it before now, but then again I hadn't looked to closely in the past. And the price was probably me, I am playing around with a few shares and havelock was acting up, I would put in a buy up to what I was willing to pay and the trades would freeze on me. Overall I didn't do too bad, I averaged .007/ghs all said and done. Honestly, I don't understand derivatives 100% but I am willing to pay for my education, either I grasp it off the bat, or I pay some tuition, either way I will learn. ahh fair enough dude. if you can make money day trading the shares and collecting the dividends then great. i wish you the best of luck. there's always opportunities to make money there, as there is with all other securities where i am uber skeptical is when people say they have a sure fire way of winning the bet itself as its based on difficulty rises and falls. which unless people know what the difficulty is going to be in a few weeks, then they are just guessing along with most of the rest of the market but it sounds like your going down the trading route, so yeah, perfect. derivatives themselves are a messy game unless you understand the fundamentals in full, enough to make an accurate prediction on the derived true value, you then need to find people willing to buy and sell at prices better than your predictions, usually the only way to do this properly is with custom made trading bots as most of the market should already be full of these bots making their own predictions - these things are financial instruments for the serious players, your banks and financial institutions - even i don't have the balls to go in deep as there our people out there that can predict the mining difficulty game allot better than i can, and that's what these instruments are for but yeh, if you think you've found a trading system for the shares themselves then great! bit of a hint but if your going to try day trading systems, check out DGEX.com. the way their trading system is set up allows people with larger amounts of funds to make a relatively stable income with an extremely basic system. check it out sometime. its where i started out, and if you've got a keen eye you'll realize pretty quickly how to exploit it. feel free to drop me a PM if its not apparent and i'll explain in a bit more detail anyways, best of luck! |
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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 ? Not sure if your a troll or not, and this post might get deleted as being off topic but... I have never looked closely at the BDD until I read your bickering about it on here. In a matter of minutes I figured out how to make a decent amount of money off BDD, I will not post this publicly because it creates competition, but it is possible to do what you are saying. I have not run any forecasts as to potential profit, but I am going to test my idea live and I am 100% certain that it will work. dude. right after you posted this someone overpaid on BDD.Mine by a huge amount. a buy like that, at those prices, makes very little sense as it assumes we will see difficulty start to fall at an extremely sharp rate. just saying, make sure you fully understand whats going on. anyone who thinks they can beat the system when it comes to derivatives is usually making a huge mistake somewhere, i mean, not everyone, but 99.9% of people. best of luck though. and yeah, if you've found the golden ticket then keep it to yourself. you'll deserve it. |
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i would never threaten someones life over the internet.
Danny, please release the usernames/contact details of the people who threatened your daughter, its only fair that the witch-hunt is now directed at them.
Guilty as charged. i stand by that. you don't threaten someones daughter and a witch-hunt is completely different from threatening someones life, you are manipulating what i am saying and taking it out of context, it just shows the lengths you both are going to to do this. and Darkstone2, however much you want me banned, it will never take away from the fact your an idiot. You should know this just as well as i do. im not responding to these posts anymore, i will happily speak to the mods about my behaviour but im not answering to either one of you. you have no idea what you are doing and i've called you both out on it many of times. enjoy your life. |
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