and an increase in mining power  may be a part of the 15 desks in transit yesterday should definitely be... we're at around 80 and yesterday we were at 64. niceeeee lets just hope the other twenty units come through over the weekend and monday should be funday |
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holyfuck. anyone noticed default hashing at above 3TH/s? what is that?
edit: 4TH/s and increasing.. 5TH/s...
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CrtyptX i think its time you gave everyone an update of the situation, this is starting to get insulting
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I see we are still hashing at a whopping 0.8gh/share. Let the good times roll  Wait was it not 8 GH/share? Noooo. That was the marketing gag, saying in two years we hash 80 GH/share. I guess there will be the next two weeks not more hardware for teramine, as the RIGS are late and bitmine.ch is fair enough not to sell their DESKS or RIGS out of que. The big question mark are too the mysterious self made pcbs they are working on. What the heck, knows when they will be ready and for sure up to six weeks later as planned. The good thing is next week I can buy the shares for 0.025  we have our own production line at bitmine. and your crazy if you think the price will drop to 0.025 - the yield would be over 75% at that price - it will never go that low, even if cryptx announced they were not going to add anymore hardware ontop of the 60TH/s we already have, it would still take a couple of months for the price to drop that low assuming this is the end, and that we will not deploy anymore units fullstop(this isn't going to happen, cryptX's will deliver, i have full faith in that). a price of 0.07 is the natural bottom until the difficulty rises |
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@ Cryptx
Any updates regarding new miners arriving this week.
What will you do with the merged mining income (NMC) from Eligius with address NCnxjbJedracS6uW57wnQ9w4cN6ireRNP7
+1 an update on the miners that were supposed to arive last week would be great aswell |
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mikemikemike,
If network hash power (difficulty) stayed the same, then in 3 months time we would have 12 X the yield at 700 TH/sec. Please keep in mind that network hash power will be increasing, so although I believe the yield will indeed go up, I do not believe it will hit such a lofty target.
I agree with others in that network hash power does seem to have stagnated a bit over the last few days. Hopefully PETA will get our new miners early this week so that we can take full advantage of this temporary lull in difficulty increase.
And thats why I devided by 3... Are the basics really that hard??? |
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The liquidity of PETA on Havelock makes any but the smallest investor completely ambivalent to the share price. Arguing over misconceptions or comparisons to other securities is pointless.
Once you buy in, your in. Your going to stay in and receive dividends... selling your shares is impractical in the current market.
Spectator opinion won't affect your dividends, the share price won't affect your dividends etc. It's possible that once the mine is fully operational and we have a dividend yield of 60%+ the bids will be sufficient to sell your shares. Right now, there is no point in even acknowledging the ignorant FUD that is being tossed around.
i'm not selling till the shares hit 0.2, and if anyone thinks 0.2 is too high look at it like this lets say at worst we don't fully deploy for another two months, lets also say the difficulty triples in the next two months(both of these are conservative estimates). Now we've only deployed about 1/12th of full power. Multiply the current yield of 25% by 12 gives us a yield of 300%, divide that by the difficulty increase of three and we have a yield on full deployment of 100% in two months. Now securities usually settle for a 30% yield, this means the share prices have to triple before a yield of 30% is hit Im extremely optimistic, its just frustrating watching the price fall when i am unable to fund the purchase of more shares The current yield of 25% is the annual yield. You can't multiply it by 12. But beside this, I'm optimistic as well. i can multiply it by 12. we are only hashing at 1/12th of full deployment, the multiply by 12 is to account for that, not for the months of the year *sigh* |
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The liquidity of PETA on Havelock makes any but the smallest investor completely ambivalent to the share price. Arguing over misconceptions or comparisons to other securities is pointless.
Once you buy in, your in. Your going to stay in and receive dividends... selling your shares is impractical in the current market.
Spectator opinion won't affect your dividends, the share price won't affect your dividends etc. It's possible that once the mine is fully operational and we have a dividend yield of 60%+ the bids will be sufficient to sell your shares. Right now, there is no point in even acknowledging the ignorant FUD that is being tossed around.
i'm not selling till the shares hit 0.2, and if anyone thinks 0.2 is too high look at it like this lets say at worst we don't fully deploy for another two months, lets also say the difficulty triples in the next two months(both of these are conservative estimates). Now we've only deployed about 1/12th of full power. Multiply the current yield of 25% by 12 gives us a yield of 300%, divide that by the difficulty increase of three and we have a yield on full deployment of 100% in two months. Now securities usually settle for a 30% yield, this means the share prices have to triple before a yield of 30% is hit Im extremely optimistic, its just frustrating watching the price fall when i am unable to fund the purchase of more shares |
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nice tagteam work 'Darkstone2' 'Usman056'  Take your accusations elsewhere. The graph of the dividend still goes to 0, it just takes longer.
IF the current difficulty trend continues (opinions vary, but i'm betting on it), between 5 and 7 month before the dividends of petamine dry out. Trying not to reply to this but I can't help myself. 5 months out from now the estimated difficulty at 20% every 11 days will be 48.99Billion That puts the network hashrate at approximately 360Petahashes to get another 20% on top of that we need to have 72Petahashes be brought online in the next 11 days. Again, I bring up the question, how many foundries are stamping out asics for btc mining? How many companies are mass producing hardware? There are about a dozen mining companies. Cointerra has stated that they produced and shipped about 1000 Terraminer IV's last month. That accounts for about 15% of todays growth, and they are still 'ramping up production'. None of the other companies have said anything usefully about production capacity. As i said, opinions vary. There is a very strong growth trend which may break tomorrow. Or next year. I would never say that it is impossible that production has ramped that much by sept but its highly unlikely unless amd, nvidia or intel decide to start producing asics.
Intel? Yes. AMD and NVIDIA, no. The issue is not the amount of cash you can throw at it, but the production capacity. AMD and NVIDIA do not bake their own chips. And i would argue that AMD doesn't have the manpower to design mining ASIC's anyway. Intel is a different story because they are one of the few companies left that have their own fab's to produce chips. Recently intel has given some non-competitors access to those factories (such as Altera FPGA's). But i don't think intel will allow miners to access their fabs. That leaves samsung's fabs. I have no idea what samsung is doing. BDD offers 5GH/s @ BTC0.04260000 right now with absolutely zero hosting or reinvestment costs. This is far from 'the most cheap solution out there' (unless that was scarasm  ) BDD (Bitcoin Difficulty Derivative) is a derivative (no dividend) and the lowest ask is ฿0.13311598 (where did you got the ฿0.0426 price?)
Maybe you are speaking of something else ?sorry my mistake.. you were speaking of BDD.MINE but, with no reinvest you got a graph going to 0 With PETA, the reinvest is supposed to offest the 'erosion' of the dividend. The graph of the dividend still goes to 0, it just takes longer. i've stated it before, having 700 TH/s in three months from now basically the same thing as having the promised 230 TH/s now. Yeah when we eventually get that hardware in we will all get a boost of div, but everyone else will be getting hardware too... FML Your conveniently leaving out the reinvestment. There isn't anything to invest when your profits are in the negatives after factoring in electricity costs... Nice tag team indeed. Are you looking to purchase some more cheap shares?
I'm not buying shares in mining companies. I see them as insurance, the difficulty drops, shareholders win! The difficulty rises or hardware is delayed, shareholders lose. Meanwhile the hosting company always wins. That doesn't seem fair to me. The only 'fair' mining fund is BDD. Full disclosure, i only own neo&bee shares. BDD is a derivative not a mining fund, for the love of god stop talking about something which you know nothing about infact, fuck it, put all your money in BDD.MINE and see what happens. anyone who thinks BDD.Mine will return more than CryptX shouldn't be legally allowed to invest their own money |
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crtyptX can you give us an update on delivery? its slightly concerning barely any new machines have come online in the last week
Thanks,
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with that logic anyone who calculates bitcoin at $600 is delusional aswell
BTW Bitcoin is at less than 600, it could be even less in a couple of days, but again this is just me... it is not like I know anything. i was speaking figuratively |
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15% hosting fee  wow, that was not expected was it !!!!! No one was thinking they could print money for free without costs, were you? Its still much cheaper as ANY hosting you can buy; read this thread. yes actually 0.0755BTC/share for 0,78 GH/s and you pay 15% of the income for hosting fees and 35% for reinvestment and 65% will get paid out as dividends, am I wrong ? this is the most cheap solution out there. do the math when all hardware is delivered (mid april) by then you will just have the 6GH/share (best estimation) wow very cheap so profit many GHs. and this week you supposed to get 62 miner, did you get them ? I am so stupid I should be killing my self for not buying the shares and for cashing out all my shares at 0.066 average..... I will rip off my cold wallet and buy shares to 0.2 BTC/share because this is still the best solution out there. get real people, PETA-MINE is not bad but your delusion made it look like cryptx will work for free and sell his house to make your dreams come true. +1 I couldn't agree anymore Less that 1gh/share people that is exactly what we HAVE right now. Anyone who is calculating these shares right now at 8.6gh/share is delusional.
with that logic anyone who calculates bitcoin at $600 is delusional aswell |
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Did you guys break the handle on your pump? What's happening  day traders are whats happening free market is happening this isn't as much a free market as a few serious players making allot of money very quickly playing the resistance and support levels |
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Did you guys break the handle on your pump? What's happening day traders are whats happening |
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Same on the ask side - 1500 shares to be bought.
Only around 200 shares people are willing to buy on the Bid side. For something that is currently undervalued one would expect much more support on the Bid side as people try to get cheap shares. I believe if a healthy level of support was present on the Bid side, this would reassure investors and the price would go up. in bitcoinworld, only thing that would reassure ppl is new hashing hardware beeing put online daily. Ofc, with steady divs. I think the point being made is that people in this thread believe that is going to happen and yet they are not buying the shares now before the price goes up. Myself I'm not too bothered about the share price. I'm not looking to sell any time soon, and if for some reason I really needed the btc my shares are more than double what I paid for them. I think the people worrying about the share price are people looking to sell, and that's fine too, just be patient, wait for all the gear to come online and the price will be very tasty for you i think the better question is, is there anyone whos a regular in this thread who isn't already heavily invested? i think not many |
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anyone noticed hashing as pretty much stopped? guessing they are changing some stuff over
hopefully adding new hardware, worried me too when I saw it haha! yea i think so - i saw it jump up to 75TH/s yesterday for a few minutes before jumping back down *fingers crossed* and here comes the panic sell *sigh* Hmmm. Now that you mention sell, there is a curious lack of depth on the Bid side of PETA on Havelock. Those claiming that shares are undervalued should have huge orders on the Bid side waiting to buy cheap shares. Put your money where your mouth is guys. I would, but I already put all my money in at IPO, if I get my next student loan before the price jumps peta will be getting most of that too. yea - im will elvis on this one - i put all my funds for this kind of operation in at IPO - im seriously considering liquidating a few of my ventures over the next couple of weeks to put in some more money as im an honest believer that the shares are ridiculously underpriced |
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anyone noticed hashing as pretty much stopped? guessing they are changing some stuff over
hopefully adding new hardware, worried me too when I saw it haha! yea i think so - i saw it jump up to 75TH/s yesterday for a few minutes before jumping back down *fingers crossed* and here comes the panic sell *sigh* |
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anyone noticed hashing as pretty much stopped? guessing they are changing some stuff over
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If you use the original PETAMINE forecast and just move the dates for a 700TH/s start in April you get an annual dividend of 0.132. check it out |
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Still can't trade, something is still not working
+1 |
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