And older projects having a diffirent shareprice as they were started when btc was 4 times less worth.
Good point, I had not thought of that. Thanks. this is most likely a scam or a ponzi scheme. please do no intrust this fool with your money, he is not mentally capable of making even the most basic of investment decisions
Why the bashing? Justify yourself or your words are worthless. look at BCMINE's previous posts, look at the counter arguments that gets put against him, he has no idea what he is doing, i mean shit, look at the 'analysis' he provides, its at a kingergarden level.plus, giving away 'free bonus' dividends out of his own pocket to entice new investors? biggest warning sign you can get hes just using your money to pump his bots, he's either going to lose it all or run away with your money. i'd rather give my money to a homeless guy in the hopes he wins the lottery and tracks me down to pay me back . We have a question pool for projects, which is giving us some basic answers, from which we can make a profile. We cant turn lead into gold, but we want to separate the man from the boy. We can do that. However the 'free bonus' dividends came from share gains and then we said: hey, what about giving it away (to shareholder not homeless guys)? Our fund dividend stats (bcmine.io) are counted without the bonus, we were giving. please share these calculations, this is going to be hilarious. does it involve dice? |
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also, while im in a revealing mood, and i fucking hate bot owners - if anyone is wanting to buy or sell and wants a better price, make sure to post an opposite order at a better price than what is on the market, then wait for the bots to undercut/overcut you, then take the price they offer for a better rate
example,
Current buy price is 0.06745743
place a sell order for three units @ 0.06645743
wait a few minutes while the bots catch up
they will then place sell orders lower than your 0.06645743,
you can then buy at a lower price than before
this works both ways, for buying and selling, but all dependent on whether the bots are turned on. please also note these bots have limits that they will not pass, so you will have to test a few orders before you get the best price.
a live example right now is the order at 0.00675 that caused the bots to put lower orders automatically.
enjoy.
FYI: the two bot owners are BCMINE and Darkstone2 - so if they say ANYTHING on this forum, remember they are doing it to cause volatility and not because they have any actual interest or insight into this project
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thanks all for the "theories"  I've seen it myself when I entered my second batch of purchases how the price was going up and up (right before the over 0.1 increase). So I get the overall picture. I must agree with the general feeling of Cryptx not giving much updates. I understand that he doesn't want to be hold liable for promises that could go wrong (promises from the manufacturers) but still... he did it few weeks ago with the 700 TH/s announcement, and we are still far from it. With the current price it is quite inviting to purchase more. The BTC/$ rate could stay longer like this, go down or up, but if we can get the TH to actually get where it should be, I would be less concerned about the costs. Also, with the price so low, it make an additional barrier (psychological) to not sell shares now and hold further. Oh boy, I'm the worse poker player around... I just want to go and "see" the figures once all TH (or a big part of it) it's deployed once BTC shoots up so will PETA. and my favorite graph of the day - https://i.imgur.com/ejrTU8r.jpgalso, as much as what i said seems like a far-fetched "theory" it is not, while there are other factors at play, i can guarantee most of the major dives are because of one or two people - i'd post proof but i think i'd create a large amount of enemies from long-term holders - if anyone wanted to bet me some BTC through escrow that i was wrong, then i could be persuaded |
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(does anyone have a good theory on why the share price is falling this much?)
Because there is no buying orders. As soon as a shareholder with 10 BTC worth of PETA shares sells, price drop by 0.01 on average. you'll find most of these massive sells are the same person buying slowly and reselling all at once |
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It could be some kind of a turning point for this project right now - when short-term "investors" are probably jumping out because of the current uncertain situation and long-term real investors, perhaps with also better risk tolerance, are increasing their investments at current cheap rates (both BTC+PETA)... At least I hope so. In long-term, this could mean slightly more stable volatility, as long as anything catastrophic won't happen out there... Does anyone agree
i think its silly for any short-term investors to jump ship. we are just beginning to ramp up delivery to expected levels, CryptX is going to visit bitmine next week so we should get some good news from that, and i think once CryptX has visited bitmine we will get an update on the custom boards. So yeah, on the contrary, i think nows probably the best time to invest. i am a shareholder though so im slightly biased, but yeah, im holding, and prob buy some more on payday tuesday +1 only thing is pre-ipo was the best time to invest, nows still pretty good imo, as we have a 50%+ yield and still got a few hundred TH of units to arrive. the next two weeks will be critical, we could be hitting 0.15 or still riding the waves through 0.06-0.07, all depends on how bitmine and cryptX handle everything |
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Next week dividend speculation, with btc @ $400
0.00061999
It's very unlikely BTC will go that low and stay that low, the resistance at 480 is crazy, last time BTC dropped below 450 whales propped it back up very very quickly, also, if you look at the previous bubbles were sitting at a kind of line we cannot cross, so yeah, if we do, I think it will be temporary, maybe lasting a couple of days at most I say this, if we have any really really bad news then maybe, but otherwise, probably not Anyways, I think we will be allot closer to 0.0007, with CryptX pushing bitmine and going to visit them next Monday, I wouldn't be surprised if we have a record week in additional delivery as bitmine try and keep CryptX happy. Also, lets not forget the last two weeks we have seen record hashing increasing on our end week on week, I expect that to continue Anyways, that's just my opinion Keep up the great work CryptX PS: does anyone have any insight on how custom boards are built? I'm assuming we buy chips, then implement them on custom board? Then build the housing ect? If this was the case, then it would make allot of sense for CryptX not to mention the custom boards until we have a chip supplier? Let me know. I'm a little confused as to the process of building our own machines Thanks, |
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Doomed wasn't appropriate. More accurate to say my hopes of realizing any sort of profit and potential appreciation of stock value goes straight out the window. Let me be clear, I don't really think petamine will ever be 'doomed'. cryptx will continue hashing along so long as it is profitable to do so. We as investors however are in a far different boat. If cryptx isn't able to keep up daily network growth rate let alone make additional gains on it towards trying to capture 1% of the network share price will continue to decline from here. And no, 18TH for 5 weeks worth of reinvestment isn't going to cut it. Granted, it's probably the best deal around, but the custom-board project is this projects only real chance of meeting it's stated goals imho.
you make a fair opinion, but you cant look at the last 5 weeks and argue that the value of reinvestment we have accrued over this time is representative of what we gain in the future. we have quickly gone from 0 to 150TH/s in that time, which means we have received increasing returns over that period, this means every week we increase in size and the amount we can reinvest will get larger, this causes the previous weeks investment amount to become less significant in parallel to the rate we increase in size. thats why using a mean average to ascertain what we will gain in the future, especially while we are growing at the rate we are growing at now, is completely wrong and gives you what i would call a 'bullshit' projection look, im working from home next week and if i get some time ill put together some solid financial projections, but for now, what is being said on this forum is mostly incorrect and utterly misleading, i feel really sorry for the serious investors here who are having the stability of there investment destroyed by people who have no idea what they are talking about. i hope my opinion here makes sense as to why i am so brutal to people who make false and misleading claims on this forum |
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Realistic point of view.
This project failed in rising, because of 3 factors:
-3 months delay
-one month earnings for 10 % rise of volume, market speeding up with 30 % a month
-bitcoin price is harming
projected share price end of april: 0,05
projected share price end of mai: 0,03 - 0,04
woooo king of the trolls is back Sadly I agree with him... Look at the reinvestment. 5 weeks of reinvestment money to buy 18 Th/s when the next difficulty increase will eat this reinvestment in less than 10 days. It is difficult but we have to face reality, and with the low BTC price it is not so bright... The only real hope is the custom PCB, but cryptx gave no news on that side. No additional news on custom PCB is killing this project. Seemingly nothing being done on this side of things? We all know bitmine is dragging their feet and will likely continue to do so while they mine with the remainder of our equipment. But if this project doesn't get something done on the custom-board front soon it's doomed imho. the only way this project is 'doomed' is if the price of bitcoin goes low and stays low, and then we fail to adjust the reinvestment percentage apart from that, and cryptX suddenly deciding 'fuck this',this project is fine. i'd love to see anyones figures proving otherwise |
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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. ahahahaaa, your such an idiot for admitting that. firstly, everyone here who was born after the millennium knows your figures are about as real as the unicorns north korea found, plus your logic resembles that of a toddler whos just had a tooth removed, so i've always wondered what your motive was, and boooom, its now apparent and ofcourse we are not going to be at 770TH in two weeks, if that was the case the share price would be around 0.3 and not the 0.07 it is now anyways, im smiling, i've now worked out who the two major bot owners are which has been plaguing me for a while feel free to turn off the bot and actually trade yourself, its easy to fall into a state of delusion about your own mental abilities when you have a computer to do all the work for you and maybe go back to school... and stay off those drugs aswell |
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Realistic point of view.
This project failed in rising, because of 3 factors:
-3 months delay
-one month earnings for 10 % rise of volume, market speeding up with 30 % a month
-bitcoin price is harming
projected share price end of april: 0,05
projected share price end of mai: 0,03 - 0,04
woooo king of the trolls is back Sadly I agree with him... Look at the reinvestment. 5 weeks of reinvestment money to buy 18 Th/s when the next difficulty increase will eat this reinvestment in less than 10 days. It is difficult but we have to face reality, and with the low BTC price it is not so bright... The only real hope is the custom PCB, but cryptx gave no news on that side. we added nearly 50 units in the last two weeks - im not as worried about the PCB's because we are beginning to ramp up delivery massively even with the current production issues - and all because CryptX didn't update us right now on the PCBs doesn't mean we are never going to see them, just maybe not in the next couple of weeks i still don't think this was a bad update, considering the huge ramp up in delivery, if there are still huge production issues, i believe we will see an even bigger increase in hashing over the next week or two as these production issues are sorted out. plus, the reinvestment strategy they have chosen with the new supplier appears to be a good one im thinking were all still good - people are panicking too much about the lack of clarification on the PCBs IMO IF YOU WANT TO BELIEVE IN SOMETHING, THAN YOU GO TO THE CHURCH. Business is backed with numbers! Its math, stupid! 50 Units worth 6500 BTC? 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? |
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Realistic point of view.
This project failed in rising, because of 3 factors:
-3 months delay
-one month earnings for 10 % rise of volume, market speeding up with 30 % a month
-bitcoin price is harming
projected share price end of april: 0,05
projected share price end of mai: 0,03 - 0,04
woooo king of the trolls is back Sadly I agree with him... Look at the reinvestment. 5 weeks of reinvestment money to buy 18 Th/s when the next difficulty increase will eat this reinvestment in less than 10 days. It is difficult but we have to face reality, and with the low BTC price it is not so bright... The only real hope is the custom PCB, but cryptx gave no news on that side. we added nearly 50 units in the last two weeks - im not as worried about the PCB's because we are beginning to ramp up delivery massively even with the current production issues - and all because CryptX didn't update us right now on the PCBs doesn't mean we are never going to see them, just maybe not in the next couple of weeks, or maybe he is waiting for exact news from the manufactures, who knows, lets not jump to conclusions so quickly i still don't think this was a bad update, considering the huge ramp up in delivery, if there are still huge production issues, i believe we will see an even bigger increase in hashing over the next week or two as these production issues are sorted out. plus, the reinvestment strategy they have chosen with the new supplier appears to be a good one im thinking were all still good - people are panicking too much about the lack of clarification on the PCBs IMO |
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Realistic point of view.
This project failed in rising, because of 3 factors:
-3 months delay
-one month earnings for 10 % rise of volume, market speeding up with 30 % a month
-bitcoin price is harming
projected share price end of april: 0,05
projected share price end of mai: 0,03 - 0,04
woooo king of the trolls is back |
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Latest developments - Deployment: So far, Bitmine systems are coming in slow. We will visit them next Monday to discuss ongoing issues and delays in manufacturing and delivery as daily production volume remains low and is of course directly impacting our project. We remain in day-to-day communication to follow up on progress and speed up things wherever we can (we purchased our own PSU’s for the desk model as Bitmine ran out and has a delay with their PSU manufacturer, do part of assembly ourselves, use the fasted available shipping, etc. ) - Reinvestment: We have purchased 18 new 1TH systems from LK Group Ltd. for a total of 108 BTC (6 BTC / System). These systems are also based on the A1 chip and should be available by end of next week (April 4th). More info can be found on their website http://www.lketc.com/engoods/show/252.aspx - Mining Pool: It is our opinion that our hashrate is still too small to go solo and set up our own mining pool. We will evaluate this further as we grow, but are of course not bound to Eligius. Besides stable revenue / frequent payouts it is also important that our hashrate remains transparent and can be easily monitored by unit holders. Although things are not yet at full speed, we are glad to have crossed the 150TH mark this week and provide steady revenue. We will continue to work hard for the growth and success of the PETA-MINE and keep you updated on new developments. What about the custom boards?  |
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Cryptyx please give us short update on current situation
better an update than know the dividend amount +1 +1 (when and how are we spending reinvestment funds?) custom boards aswell |
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Cryptyx please give us short update on current situation
better an update than know the dividend amount +1 |
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can someone give neobee a call and ask when the next update to investors will be? i'd do it myself but my phone is about as useful as a doorstop right now
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This is the most important part.
Owning shares in Peta is akin to owning ghs on the exchanges that sell them, except Peta will reinvest on your behalf and you can still cash out at your leisure.
If you bought 1 share and then sold after dividends were paid you cashed out with a positive roi, regardless of what's going on behind the scenes.
Only true if the asset values do not go down because re-investment did not keep up with BTC difficulty! Suggesting to people they cannot lose assumes the share price won't go down, which it obviously will if the above happens! Somewhat disengenuous of you! How is it disingenuous? Your assuming that a lot of shares will be dumped after dividends, a bad assumption on your part. As long as the dividends are steady or slightly increasing more will hold than will sell. You obviously missed my point entirely and are just looking for an argument. I refuse to argue with anyone that would try to argue Petamine share price is a "sure thing". Makes you either stupid or deliberately misleading. If you were a stockbroker you would be facing mis-selling charges. No you refuse to allow logic and commonsense invade your cognitive dissonance. I never said that the share price was a sure thing. What I said was it was a bad assumption on your part to assume a severe drop in price right after dividends have been paid. BIG BIG Difference. It is obvious that you have no clue how stocks and other commodities are priced. You have take many many factors into account when your dealing with investments, and with vehicles such as petamine that pay a dividend, it is likely that the price will stay steady, outside of the bots screwing with the price, or someone intentionally painting the tape. You sound just like the type that flog bad investments to vulnerable people from boilerrooms. "it is likely that the price will stay steady" gives you away for the idiot or miscreant you are. whatever you think about him personally doesn't make up for the fact he is 100% correct. People arn't going to sell there shares just because the dividend has been paid; on the contrary, if we keep increasing dividends per week the share price should bubble up soon before settling down at a level much higher than it is currently -protip from a very successful daytrader |
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great shout. now i think we should have a whip-a-round and get someone from cyprus to check out the branch and ask danny a few questions
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Recently we had some lucky time - that's all.
Believing that in the long run PETA-MINE could be more lucky than the others is IMO simply delusional.
+1 +2 +3 on another note, anyone noticed we are hashing at 10TH/S less than yesterday? seems we are having problems with some of the machines. can CryptX give an update? |
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