Wtf???
I came here from reddit as I was interested in is project and just asked some simple questions and they deleted all of them. Here's all I posted. WTF is going on?? How can they just delete stuff they don't like??
Hi guys, redditor here. Saw a post in there and I've been doing my research as I have some BTC to invest.
Most of it looks legit apart from well, apart from a few things.
1) is it true that the team that runs this project makes money from the electricity fees?
Does that not seem completely counter productive considering its completely against investor interests?
2) why is the reinvestment strategy set so poorly? It makes no sense at all to reinvest like that unless your trying to build up electricity no?
3) Also, my numbers are pretty poor, but is it actually 3$/GHs? Last time I checked you could buy hardware directly from the manufacturer for 1.5$/GH and they would even host it for you including costs for an extra 0.2$/GHs. How come the price difference is so huge, if your buying the best machines, where is all the extra funds going?
This was a bit painful to read, but it does highlight some glaring issues with how some people view mining. $3 per GH/s was a fair deal 4 months ago when BTC/USD was $700-800 a coin and network difficulty was under 2.5B.
As Jimmothy started to touch on, current hardware has fallen well below that mark. A BitMain AntMiner S2 (1TH/s) is being sold for BTC5.065, the equivalent of ~$2.27 per GH/s at today's exchange rate. It's predecessor, the AntMiner S1, is being sold for BTC0.439, the equivalent of ~$1.09 per GH/s at today's exchange rate, though not as energy efficient. As newer hardware is introduced and competition increases, it's expected that the price per GH/s will continue to fall.
so will PETA's cost/Gh/s go down as they increase the corresponding GH/s per share
look at butterflylabs, $10.83/Gh/s cloud hosting
They should, theoretically. Right now, PETA is at about $5.64 per GH/s (~7.55 GH/s per share @
BTC0.095). Assuming full deployment of 1.5PH/s, current share value (
BTC0.095) puts it at ~$1.88 per GH/s (at 66,371 outstanding shares)...but the more shares there are, the higher the 'price per GH/s' will be.
Until full deployment happens, though, CoinTerra's new hosting plans range from $4.99 down to $2.75. And I'm not sure what KnC's plans are for hosting...
we are currently guaranteed the 15Gh/s++ per share
the current increase in shares will not have any diluting affect
Yes it will. The more shares the less dividends per share. Does anyone else have some insight apart from the guy above? He seems to be the only one defending this project??
CryptX? Can you answer my questions??
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