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ALERT! I also found the fake thread floating around to any users coming here. The official site is karbon.io -- Beware people!
dont be scammed people, the only real project thread is this one! (That should be pretty easy to spot the fake...)
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we are doing nothing more then global warming.
cryptx isn'nt doing there job what im paying for and there custom build scrypt boards were a lie.
give us the reinfest fund, even putting the money on the bank gives me a better profit with these low interests.
lets call it a day, the only one making profit is cryptx in hosting fees.mand thats the easyiest thing they had/have to do. they failed missarably in beeing up2date with the technology.
That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah. Maybe a new vote would yield different results. While the BTC are sitting in limbo, at least they're not wasted in soon-to-be-useless gear ! No need to be a hurry for getting those reinvestment fund back. At least before our current miners makes no profit at all. We can vote that later.  |
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price still stays at 0006  Price at cex.io with the same maintenance fees is 4 times higher, maybe that's the reason. Also hashnest.com with the same fees charges about twice as much, so peta price is probably perceived as low one. Hmmm, that seem to be the WRONG answer. There are still enough idiots willing to buy this piece of shit, would be the GOOD answer. And those "idiots" don't even know about PETA. So they can't buy one. |
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My only question is that Cryptx should probably own 65100 Petamine units, so how comes if we convert all Scrypt-X units into Peta units? That will be converted into 147415 Petamine units. Another 82315 Petamine units will be needed.
So, does Cryptx own 147415 Petamine units in hands, or it will go another way? Like deploy new 82315 GH/s to increase the total Peta's shares number?
are you accounting for the unsold peta units? essentially one's that are on standby and have not recieved dividends, but could be sold in IPO or in other situation? I may be missing something here... hmmm, now that I think about yes I see - they would have to increase GH of peta. Maybe peta has aquired these from another large shareholder as they did last time. I account that part of shares from this source. July 11th, 2014 - Dear Unit Holders
These are the results of the survey: 68% of all unit holders have cast their vote with regard to the outlined strategy change of PetaMine:
- Yes votes: 98%
- No votes: 2%
Based on these results we will go forward with the execution of the following points:
- Convert the outstanding loan of 342,9 BTC to 4650 PetaMine units
- Change the dividend payout to 100%
- Reverse split of 14 for 1 unit.
- Payment of dividend each day
Trading will temporarily be halted later today and all open orders will be cancelled. After trading stop, each unit will be converted to 14 units and trading will resume shortly thereafter.
Details about this week’s dividend payout:
243.53169702 BTC in total from mining and converted NMC’s
- 173.75750347 BTC as dividend (0.00211533 BTC/share)
- 69.77419355 BTC as hosting fee
Team CryptX
So basically 4650 old petamine shares* 14 convert rate = 65100 new petamine shares in Cryptx's hands. |
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My only question is that Cryptx should probably own 65100 Petamine units, so how comes if we convert all Scrypt-X units into Peta units? That will be converted into 147415 Petamine units. Another 82315 Petamine units will be needed.
So, does Cryptx own 147415 Petamine units in hands, or it will go another way? Like deploy new 82315 GH/s to increase the total Peta's shares number?
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Update about this weeks dividend payout:
Calculation:
1,419.5 LTC or 21.60440919 BTC in total from mining
- 7.63376368 BTC as dividend (0.00025932 BTC/share)
- 11.45064551 BTC reinvestment
- 2.52000000 BTC as hosting fee
Total reinvestment fund now reaches 135.85 BTC. We like to issue a vote for a reinvestment opportunity.
Details:
• 12 Scrypt Miners (A2 Innosilicon Terraminers, hashrate of ~85-90Mh/s)
• Total hashrate:1,000Mh/s
• Overall hashrate of Scrypt-X will increase by 33 percent
• Deployment possible as soon as next Tuesday
• Total price 60,000$ or 102 BTC
Market price for this miner is about 8000$ per piece + shipping. This means a discount of about 40 percent. Why dont we buy that package here?: http://festival.zeusminer.com/?seller=olympus-alliance55-off-thunder10-280mhs-raspberry-pi5coupons-package-10999thats 280 MH/s for 11,000$ Looks good but i have no experiance with zeusminer or the olympus thunder. Anybody else have some info /review of them Power Consumption(DC) 920W *10 I vote no for this zeusminer....even worse than A2.. |
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Someday Petamine will need to move their data center to somewhere with cheap electricity and reduce hosting fee further below. If they don't, project Petamine won't last long. Cheap electricity is a key factor but somehow CryptX never considered this. Maybe they don't want to live abroad. |
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Just cast my vote for p2pool. Let's get this party started.
Vote for P2Pool too! And ready to point my miner to it. |
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PETAMINEs competition: https://bitcointalk.org/index.php?topic=655464.00.028 btc and 18GH per share or $0.93/GH.. They should really just sell their entire mine and buy a datatank cointainer. Almost forgot to mention hosting costs are $0.025/kwh. If Datatank Mining can perform 100% what they said, then it really is super competitive. I'm evaluating this investment, maybe put some btc in it. |
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Just in case anybody is wondering if they are "real", I have recently met Tom and Sophia at their office in Taipei.
And yes, they are considering immersion.
I bought too less shares, or I would like to visit them in person at 101 office too.  |
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It seems Cointerra has removed their forum. When going to the forum I got a "404" error so I went to Cointerra's web site and the forum link at the top of their site is now gone.......Hmmmm.
Seems they have also removed their Facebook page. Another sign. My terraminer hosting service experiences a down time since 14Jun. Is this company trustworthy? |
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They are both bad deals as far as I'm concerned. However if I had to chose I would say PETA is a better offering simply because they have track record (along with HW online now).
Here's a simple comparison:
PETAMINE: $3/gh , ~1w/gh, $0.25/kwh hosting
CBCM: $2.7/gh , ~1w/gh, $0.3/kwh hosting
Rockminer: $1.1/gh, ~1.2w/gh, probably less than $0.3/kwh wherever you live.
Just notice that Rockminer does not provide PSU with their product...you have to add that factor into calculation. each RX-Box needs a 800W PSU, that is about $260( BTC0.4). So Rockminer: $1.5/gh, ~1.2w/gh. And Petamine is under their way to reduce the power consumption, to ~0.75w/gh. So in the long turn, PETA hosting fee 0.75w/gh * $0.25/kWh= $0.0001875 /Gh Rockminer in your home 1.2w/gh * $0.15/kWh= $0.00018 /Gh, plus you have to manage those miners yourself. So far Rockminer only wins in $/gh, but there are numerous things for home miners to dealt with, $1.5/gh is way below the true cost. Especially for those who want massive Ghs and don't want to build a datacenter themselves. |
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And probably another 5 weeks to accumulate descent ammount of reinvestment to have a "buying power". On the positive, hope bitcoins goes up and our reinvestment fund, buys more of equipment to get back to 2%...
Assuming the price of BTC does not increase. If the BTC price increases to what's expected by the bitcoin community we will have more than enough money to buy what we need and our dividends will be shining with profit. Anyone who is mining bitcoin should hold there btc until the next big spike!  One thing is that assuming btc price rises up to 1000 next week, than our current equipment value equals from BTC4000 to BTC2600. Although reinvestment fund will increase in USD, makes us buy more Ghs, still total asset value drops a lot. Than I expect share price would fall due to our asset not worth so much btc. From this point of view, btc price rises up too quickly is not good to our share price. The best scenario is btc price going up slowly, then we see a stable increasing Ghs and stable share price. |
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Elvis no disrespect but where is your intel coming from that Bitcoin price will rise higher??? If we don't do anything now our share price will keep plummeting as it has been for the past few weeks!
Oh wow are you going to feel silly in a couple months. With that said, we should probably be putting some (30-40%?) of the reinvestment funds into new equipment while waiting for the price to push higher. The early bird gets the worm buddy, why not go all out now? How are you all thinking BTC prices are going to skyrocket I don't understand what crystal ball you guys are using? It's not about btc price speculating, it's about the current miners in the market are too expensive and power hungry. Soon there will be some more efficient miners come out, and more difference brand miners causing price competition , I think Cryptx is waiting for this. |
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Why not take advantage now with the high price of Bitcoin, and get ahead of the flood. Early bird gets the worm
Because the price is going to rise further Because no one knows where the price is going. That's why you make decisions based on the price now and not where you think/hope it might go. I guess once a price competitive mining rig shows up in the market, Cryptx would buy that all at once. They are quite sensitive to this issue than most of us. |
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Speculation, based on predictions and speed of adoption (main streaming). Many people within the btc community expect it to be as high as 5k by fall. But, even half that would be interesting. We shall see nonetheless, for now it's nothing more than 'speculation'. Optimism is key imo. Playing the BULL market based on speculation drives the BTC market up in price. As long as good news and more main stream adoption continues the price will continue to rise. It's also an interest thing to discuss what will happen to PETA share price if btc really hit $2000+ in the near future. Anyone has a clue? |
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Now go back to december 2013 and use the data that was available at that time to make a similar forecast and see where that lands you.
Agree this, we are at worse position when Dec 2013 than now. Dec 2013: Late delivery, expensive Ghs, high hosting fee, 20%+ difficulty increase. Now: Immediate delivery from Bitfury. The most cheap and most efficiency hardware. 37.5% reduce in hosting fee. 12%+ difficulty increase. All these factors now getting better and still some trolls say Petamine is going to doom. We've been through all these shit and we are still here, 50% more than initial ipo 0.05. |
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You're nuts. 2.1% per week is stunning. That's 100% per year. Yeah, except, its not. Your mining revenue and the value of the hashing power which is your fundamental share value is dropping by 7% per week. Cant believe how people still fall for this after all these years. Except the share value is not dropping 7% per week. If share price drops 7% a week, we'll see 0.05 each share after a month. And let's say a month later Petamine only hold 1% of the network, then 1 share of Petamine is equal to 0.0000129% of bitcoin network. That means the whole btc network only value BTC387475. Just tell me how do you feel about this number. For me, it's way too cheap.  |
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Those are bare chips, still on some final stages of production. They need to be built into miners. That takes time. And some of that miners can then end in peta-mine. Don't think Cryptx would buy AM chips since that is not the best kWh/ghs choice in the market. Bitfury still rules. |
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It's reading 1345 now on the 1hr, does look like new hardware maybe. I expect Cryptx bought 1500 anyway and were simply going to bring the rest online whenever the reinvestment fund could afford it, I guess we'll have to wait for friday for an announcement. Pretty exciting though, Glad I bought up some cheap shares while I could I believe CryptX is crazy. Now everyone, sell all shares! Run for your life~~~ |
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