Bitcoin Forum
May 25, 2024, 10:07:53 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 [4]
61  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: March 26, 2014, 03:59:00 AM
So we are now in week 13, and we are starting to deploy week 10's 55 Coincraft rigs. A little delay I should say. Meanwhile it's about the time to deploy 250 TH/s custom hardware which should happen in week 13~15. If all these Coincraft rigs and custom hardware deployment happen in these 3 weeks, PETA' hashrate would be explosively growth. Though it only happens in a very optimistic way.
62  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: March 14, 2014, 05:28:42 PM
All else equal (ha there's a broad statement) if cryptx reinvests a larger % than the difficulty rise, petamine will have a seat at the grownups table.  By having enough $ to be a lead investor/customer for each next generation round of ASICs petamine can stay ahead of all the others buying the same chips.

+2

+3

+4

It's the supermarket effect, once a handful of players become dominent, suppliers are at their mercy.

I agree the reinvestment % can be changed. But not now, at least not until they start the reinvestment deployment. Need to see how efficiency CryptX uses these money. If they are able to bring us cheap hash rate, then increase the reinvestment part would be great! Otherwise, I prefer let the money come back to their shareholders. So, let the time tells.
63  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: March 12, 2014, 09:53:27 AM
YAY! were hashing at a wopping 1 gh/s per share... actually its more like .82 gh/s per share.. and this is what a month after "deployment"? your seriously telling me that after putting hundreds of thousands into hardware they don't consider you a priority or that they aren't giving you additional hardware to compensate?

I've been trying to say this since we deployed but it seems people are happy to pay out of the arse only to cop it in the arse without any lube

In real world business you do your investment because of forecasting the development of a company. That is great here. Its a company project not a private one and they are projecting at lot of profit to the shareholder.

The company have to give right forecasts and thats the only problem here, why the shareprice chart is looking like a pump and dump story (like dogshit  Cheesy ). Disappointing shareholders is a very very serious problem. There for just past or worst scenario press releases should be send to the shareholders. Everyone in the PR of big companys know that. I really dont know, why petamine act like an amateur. It could be that they will get seriously dangerous for shareholders in the future. One more wrong press release and I will consider of decreasing my investment. And the next press releases will come soon regarding the development of the own hardware, new conctract with bitmine etc. I was thinking that petamine will make a difference on havelock, but it seems they are going to follow its predecessors like kcmin, hmf etc.

Good Luck!

It's very serious regarding their own development hardware, both the total cost and the chip quantities Bitmine can offer.
So far Bitmine has some problem on massive production of their standalone products. However, if Bitmine can offer enough chips to PETA-MINE, then everything will be good. The only problem left will be the cost. How much cost needed in building their own hardware.
Right now I'm just holding shares. I'll increase or decrease shares base on how they deal with these 2 issues.   
64  Economy / Securities / Re: Cloudhashing ASIC mining contracts, UK LTD company - Now Mining & Paying Bitcoin on: March 11, 2014, 03:18:33 AM
The only chance that can save your ass is the difficulty level don't trend up so fast.
Or you're just buying hashing machines for CH.  A year later, CH has machines and your money, yay.
That's a slight difference between CEX.io and Cloudhashing.
CEX.io's situation is you can sell your ghs to others, so you still have a chance to make profit. However the last rat would suffer.
Cloudhashing's situation is that "You are the first and the last rat."
65  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: March 08, 2014, 09:40:28 PM
Really want to know if PETA-MINE's project is going to success or not. Let's do some assumption and calculation for future condition.

First of all, the goal of PETA-MINE is to build a 2% of total network hash-rate hosting center.
And the total deployment of PETA-MINE should be done by the end of May, which was announced by CryptX.
And we all know that's no way that the total network hash-rate will be 35 PH/s by the end of May.

So my first assumption is that PETA-MINE will actually deploy 700 TH/s by the end of May. And in the mean time the total network hash-rate is 70 PH/s. Which means PETA-MINE will hold 1% of total network hash-rate.

And we also know there is 35% reinvestment.

To do this quickly, the 14 days revenue of PETA-MINE should be 3600(btc)*1%*14(days)*0.85= 428.4 (btc)
0.85 is about the hosting fee, which is (1-15%)
So the reinvestment should be 428.4*35%= 149.94 (btc)

That is to say, if PETA-MINE holds 1% of total network hash-rate, the 14 days reinvestment should be roughly 150 btc.

Then we go to the second part of the assumption.
I assume that the difficulty increment is 10% by the end of May. You can replace it by any number you want, it's just a fast way to calculate for me, and it seems not a ridiculous number for now the difficulty increment is slowing down.

And that means if PETA-MINE can use 150 btc reinvestment to deploy 70 TH/s hash-rate or more, PETA-MINE will be success. Otherwise, PETA-MINE is not going to keep up with the BTC network increment.

So the most important factor which is still not determined is that at what price PETA-MINE will buy in their reinvestment hash-rate.

150 (btc) / 70,000 (GHs) = 0.00214 (GHs/btc) , Now the AntMiner is about 0.00617 (GHs/btc)

The Key is whether PETA-MINE be able to produce their own rigs under 0.00214 GHs/btc with Coincraft A1 chips, I really don't know. Personally I would like CryptX make a brief statement about the information they've got so far.
Basically there's no way to foretell btc price, we can only assume it. Somehow the error by doing this, you know, is just large enough to put this calculation sheet into trash can.

I personally would like to invest more in this project. But there are too many undetermined factors over there. It would be great if PETA-MINE hits and maintains 2% of total internet hash-rate. But so far it most likely to hit 1% of total network hash-rate, which is great, too. And it would be great if CryptX give us some information about the reinvestment progress and cost per GH/s.

66  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: March 08, 2014, 05:03:40 PM
Huh True or False: CoinTerra's first ASIC's Hash-Rate is greater than 500 GH/s?

Technically, yes.

It's the PCB that is slowing it down.

Question for HF: did your first shipped batch resulted in a performance >= of 400GH per chip? No, it was 390GH. And you used a fake result in your mining dashboard to prove your customers that they were mining at 400GH, right?

Does anyone has a clue that by when cointerra is going to fix this PCB issue? Do old customers get benefits when they fix up this issue? Or it just benefits those new Terraminers using new designed PCB board.
Pages: « 1 2 3 [4]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!