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Literally.
Holders of shares with no voting power, please vote on our motion as your vote is currently important to us.
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What happened to the BTC.65/share price?
Shares will be sold in batches of 2,000 shares each, starting at 0.65BTC. Price with each new batch will increase with 0.01BTC
The company will issue shares in two batches:
The first batch will consist of 50,000 shares. CryptX will sell these shares through BTC-TC at a fixed price of 0.65 BTC per share. The sale of the first batch will close when all shares are sold.
The second batch will consist of the remaining 33,333 shares and will sell at a fixed price of 0.7 BTC per share. The sale of the second batch will close when all shares are sold. You CANNOT alter your contract by editing a forum post. That's why we have contracts. https://btct.co/security/PETA-MINEFrom the "Terms and Conditions" of our original contract: The issuer does, however, have the right to change the price and/or quantity of any scheduled sale batches of shares.Agreed. That portion of your contract renders other portions of your contract meaningless so let's quote the entire portion of your contract under "Terms and Conditions". Terms and Conditions
Each share represents 1/100,000 of PETA-MINE net revenue. Net revenue, once again, is defined as Bitcoins earned by the mine minus electricity, hosting, and maintenance costs. 65% of net revenue will be paid in dividends every Friday around 15:00 GMT. CryptX will then reinvest 35% of net revenue in additional mining capacity. Every shareholder is also entitled to his or her share of net revenue from hashing power reinvestments. The 65%/35% distribution rule will also apply to hardware acquired through reinvestment.
The shares have no voting power. Shares of PETA-MINE on BTC-TC do not represent real world shares of CryptX. The shares are solely a distribution mechanism for rights to profits from the PETA-MINE. Profit distribution will not be dependent on BTC-TC existence; in the event BTC-TC closes down, the equity will be moved to another trading platform. If no adequate platform exists, CryptX will manually transfer payouts to shareholders’ Bitcoin addresses.
The issuer has no right to release additional shares at any time or for any price. Thanks to this limitation, the value of initial shareholders’ shares is non-dilutable. The issuer does, however, have the right to change the price and/or quantity of any scheduled sale batches of shares. So why have these contradictory clauses in your contract at all? The IPO will prove successful with the sale of at least 30,000 shares. If fewer than 30,000 shares sell within 30 days, CryptX will refund the entire IPO to shareholders. What’s more, the fact that no shares beyond those offered at IPO will ever be issued means shareholders need not fear dilution of the value of their shares. |
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What happened to the BTC.65/share price?
Shares will be sold in batches of 2,000 shares each, starting at 0.65BTC. Price with each new batch will increase with 0.01BTC
The company will issue shares in two batches:
The first batch will consist of 50,000 shares. CryptX will sell these shares through BTC-TC at a fixed price of 0.65 BTC per share. The sale of the first batch will close when all shares are sold.
The second batch will consist of the remaining 33,333 shares and will sell at a fixed price of 0.7 BTC per share. The sale of the second batch will close when all shares are sold. You CANNOT alter your contract by editing a forum post. That's why we have contracts. https://btct.co/security/PETA-MINE |
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We never left the race. We have a higher hashrate than Cognitive, RSM, Labcoin, ActM, and PETA-MINE combined. Perhaps if I repeatedly type NDA the market will care.  |
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Buying a mining stock means you're outsourcing judgement/relinquishing control over how your funds are deployed. Then there's the trust thingy.
Just because a particular security issuer scatters buzzwords throughout their contract(28nm, hashfast, cointerra) doesn't automatically make their judgment any better than any one else's. Neither does it prove that they're trustworthy. The last is of particular note when an asset issuer has already invalidated their own contract before even leaving IPO status.
I much agree with that, for me after going thru posts on getting some mining shares, quite some of them are either thinking of big money out of your money. Trolling. Dont illiterate on Bitcoin, or just thinking about profit for themselves. PETAMINE is a good example or illiterate and self-profit IMHO. For me I have bought 50GH of CoinTerra Groupbuy of waldohoover (aka. teamredditmining). As far as I know what is was doing, what he is experienced at and how he handle things. That's the least trolled option for me to choose. Despite it is a few cents more expensive than other options, but better safe or get nothing back, thats my choice. I don't know if CoinHoarder's groupbuy is still open or if he's added any CoinTerra orders as yet as I don't keep up on these things, but I think it's safe to say his judgement has proven to be at least adequate and I believe it's safe to say he's acted in good faith at every point. Going that route is light years ahead of pouring funds into a startup security listed by somebody with zero history in the community, nothing to indicate their judgement is worthy of a premium, and has already established a track record of considering contracts to be unilaterally fungible. |
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Buying a mining stock means you're outsourcing judgement/relinquishing control over how your funds are deployed. Then there's the trust thingy.
Just because a particular security issuer scatters buzzwords throughout their contract(28nm, hashfast, cointerra) doesn't automatically make their judgment any better than any one else's. Neither does it prove that they're trustworthy. The last is of particular note when an asset issuer has already invalidated their own contract before even leaving IPO status.
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Creativex, I found this Avalon for sale on BitMit - not sure if you do purchases there but it's 68GH/s for $3500 (starting bid I believe) Link: https://www.bitmit.net/en/item/52330-avalon-asic-minerAgain, not sure if you're interested in these, or if you even buy from BitMit. Hi guitarplinker. Thanks for the heads up. That's a decent price at current bid, but it will likely sell for more. At roughly half the price, 1/5th of the speed, and over 2x the power consumption of a 400Gh bitfury kit it will not make any sense to purchase. While it would likely be hashing for us a month sooner, it's not enough time to make up for it's shortcomings. Avalons made sense at the right price a few weeks back when difficulty was lower and bitfury had yet to prove they could ship a viable product and meet a timetable. Cheers. |
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Thanks for the birthday wishes everyone!  |
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Kinda meh. It's not available until Nov/Dec at the earliest and then you might as well hold out for 12x2Th CoinTerra TerraMiner IVs for $168k.
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I had a b3 4 module unit with teh same symptoms once. I was never sure exactly what cured it, but I swapped to another identical PSU and that didn't do it so I tried two smaller PSUs(2*650) each feeding one CPU header and one PCIe header. I used the paperclip short to turn on the second PSU and it worked. Weird thing is, later I swapped it back to the original PSU and it still worked. Not much to go on, but hope it helps. Edit: Nice. - a few hashes, but it could've been worse right? |
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I'm not officially another year older till the 9th, but thanks!
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Thanks man. I bet a pitcher or 3 of mojitos it can be done. |
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BTC261 are peanuts for AsicMiner!  Panic buy? Ha, I say buy more shares! Lower that average price paid. Ok maybe not, everyone wants to hoard our reinvestment funds. There's just something so exhilarating watching bitcoins accumulate while value compounds thanks to (for the most part) rising exchange rates. Anyway I'm done poking the bear. Nice pickup on the BitFury vaporware established and efficient next gen gear. Looks like you managed a better rate than most others. In case I forget next week, Happy Birthday old man! Plan on celebrating with a few USB Eruptors? ahah! Shhh... Trying not to alienate any more of my fellow shareholders over here.  Yeah, real happy with the way our bf purchase looks. Dave is getting gear shipped ninja style! Thx! I'm gonna celebrate by forgetting about bitcoins, mining gear, fans, and exchange rates for a WHOLE day!  |
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He had it comin'. Edit: FMG is not kidding. VVV |
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I told the mrs someone would fall for it and buy. I was wrong no malice intended Oh sure you're sorry very nice. That doesn't get me off the hook when little ricky is staring at me with his sad puppy dog eyes demanding to play with his cards and frog gecko!  |
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Yes it was false, Totally way not kewl dood! I just sold my kid's baseball card collection AND his pet gecko to buy 12.3^ 7.  NOW what am I gonna tell little ricky?  |
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What are you people that keep shutting the questioners down on? Why won't you discuss these issues? Is there anything more important to be discussing than div payout??
Here's my thing with this: alright, you have questions that you deem legitimate and feel others should deem legitimate as well. You ask these questions and get nothing in response. What's the play now? Do you continue to ask the same questions? You'll likely get the same response (or lack thereof). Why do you feel people need to answer your questions (as legitimate as they may be)? If people are getting fleeced for not having answers to these questions, what can you do about that? Make them answer them? I don't think so. So, please, come and ask questions. But leave it at that. If you don't get adequate responses, just move on - there isn't anything you can do. I didn't put StuartUK on ignore earlier because I didn't think he was intentionally trolling, just stupid. At this point, though he seems to have seriously lost his marbles. Maybe losing so much money on ActM has obviously caused him a lot of mental duress, but either way he is starting to seem downright crazy. A total nut-job isn't worth engaging with any more then a troll is. All he talks about is how labcoin is about to crash because of his amazing "technical analysis" (i.e. chart astrology) skills, which he never even bothers to explain. As far as I can tell, he's not even bringing up any points, just raging, raging, raging against the dying of the light share price. It's not like there's anything wrong with ActM, it's just that there's simply not enough money in the system for both stocks to be priced correctly, IMO. I think both are undervalued. But stu-britannica here just can't deal with it. If he actually thinks the company is good all he has to do is hold 'til november and he should make a decent profit. Anyway, I recommend putting him on ignore and stop filling the thread with responses to his insanity.Waaaaaaayyy ahead of ya boss. Plus if everyone would stop quoting him I can take others off ignore. |
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That's someone that will always be counted on to measure EV in fiat. ^^^
Why not?? What should I measure in? Jaffa cakes? Gold? Some other commodity? When BTC is a real and useful currency I'll treat it as one, until then it's a commodity much like gold. I paid in pounds converted to dollars...and I'll measure success or failure by how many pounds I end up with in the long distant future. I don't expect to be spending any BTC for a long long time unless there is a massive benefit to me in doing so. I don't want to end up like pizza man Anything that isn't undergoing a controlled demolition by it's issuer would be preferable. I personally try to measure value in ounces of AG, but I know that nearly everyone thinks in terms of continuously devalued fiat. |
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