I totally agree, using mining ROI calculators shows 4-5 months to breakeven at 0.0028/share with somewhat optimistic difficulty increases (<10%).  I sold 90% of my holdings last week at approx that price.  All I can think is that there are new customers for PETA stock, or people are using different assumptions for their calculations, or think that 4-5 months is ok.  (or I'm doing the calculations wrong, always a possibility.)  Or they'll spend a few hundred bucks as part of the fun bitcoin mining game (hey why not).
It is a shame that PETA completely changed the gameplan, the reinvest plan was something I really believed in.  But the owners moved on to scryptx and whatever else, the hosting fees were prohibitively high, and in the end not making custom pcbs (afaik) ended the path.  Maybe they can see the writing on the wall: either you go MegaBigPower route with enormous scale and dirt cheap power, or you design+mfgr your own asics to mine with and sell, or you'll always be playing 2nd fiddle and have an endless hard hill to climb to stay ahead of the vast number of people and small companies trying to do what you're doing with similar tech+financial resources.
Anyway, it has been fun to watch.
J

+1 +1 +1 exactly!
another week, another excellent dividend reinvested in a few more shares.
J

Hummm very interesting!  How about ... if Cryptx says changing the weekly dividend timing is a reasonable thing to do (who knows, maybe there are business reasons or tech nuisances that we couldn't know), then some of you geniuses figure out what time(s) in the week are best (based on historical data and/or logical reasoning) and decide something, with some numbers to show how much BTC would have been saved.  Then Cryptx can change the dividend timing, giving us one short or long "week", which will create its own exception in the ongoing financial analyses but there you have it.
(btw when I say "you geniuses" I mean it affectionately.    I definitely don't have the interest in doing something like this, but I appreciate that others do, and it could be useful for all of us long-term.)
Cheers all and esp. to Cryptx team!
J

You do understand that bitmine's problems affect rollout for many people, not just peta, and therefore that is part of why the difficulty rise has slowed?
Considering the tone of your previous post, I look forward to you jumping ship and no longer posting on this forum.  I and others are buying shares, please put yours up for sale.
J

Previously I would have said why bother if eligius' fee is 0% (which I'm unclear as to how they fund their operation - all donations?) but given the ~4.5 days of non-payout last week I'd vote go solo as soon as it makes sense.  I like the charts and graphs but several days of payout delay is disappointing and mildly worrisome.

I don't understand the details of how eligius prioritizes payouts so it could be that last week's 50 btc (!) accumulated payout delay is 'normal' but clearly it affects PETAs weekly distributions.  I'd rather have payouts be affected by blockfinding luck than eligius internal operations.  Not sure we are at the point where the luck factor is small enough spread over a week to go solo but as long as PETA hashrate grows faster than difficulty it will steadily improve.

All that said - if PETA goes solo having similar charts & graphs to eligius is pretty important for all us feverish shareholders and potential sharebuyers.  So unless there is a good replacement for those somehow maybe we should stay.

Just my 2c
J

I just wanted to point out that this statement is a big oversimplification.  A chip design and a pcb design are completely separate beasts.  I have done freelance electronics design (pcb) for 10 years, and I can say with some certainty the dc/dc to generate 1V at 100amps range (and there are likely to be several similar for different rails) to power a ~250W ASIC is not easy in a number of ways.  There is a whole mini-industry of chips and designs to handle this difficult problem.  A small loss of efficiency could be the difference between a viable and not overall design - it could function just fine, but creates too much heat/uses too much power/etc.
For an example of this look at cointerra's blog.
Cryptx says they are doing 3 pcb designs in parallel and WOW how fortunate that they have the resources to do it this way - the best possible way when time is of the essence.  Since there is obviously no time for a pcb respin once the ASICs arrive, the which-design-is-best contest has to be completed beforehand.

On a different topic, if cryptx asked to change the reinvestment ratio from the 65/35 to 60/40 or 55/45 or 50/50, I'd likely vote yes.  I see the inevitable future to be a small number of large mining operations, and if by doing a larger reinvest petamine can climb to being one of those, all the better for the shareholders in long run.  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.

Thoughts?
Jesse

In case anyone is still harboring hope: btctock.com is a scam.  Once again: btctock is a SCAM.  It is better you delete your bitcoins forever than to send them to this criminal, because otherwise you'll (and I have) continue to help him succeed as a career criminal.

His bitcoin payment address: 12qrJgcwAdAbShmqUvX2uxeWU2FZjY5AYq

I expect no action, but later today I will be contacting his hosting provider and the BBB of california, since he claims to be in the LA area.

I will answer any PM questions regarding btctock.com you have.  If you are also a victim of this criminal, and want to be informed of any info I get from authorities about it, let me know.

Jesse

Hi all, wanted to thank JoelKatz and others for posting about btctock.com.  I have an order placed with him/them, and of course it makes total sense that it is all too good to be true - but I'm too enthused and trusting to just say "wait a minute this couldn't be anything except a baldfaced robbery".
I'm a newbie so I can't post where the thread is, which is here:
https://bitcointalk.org/index.php?topic=251390.0
He/they are allowing me to use paxum.com to pay instead of a bitcoin direct transfer (since I don't have any).  I asked about paypal and got:
"Paypal Normally do have issues with every bitcoin based business , they also have issues with us , they have started to ask to stop the bitcoin related services ."

I think I will ask about what escrow service they recommend I use once I have my paxum.com account ready (but unfunded) - I'll post the response.
J