[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)

[mikemikemike]

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

[1714848727]

1714848727

[BongaManollo]

You guys are funny, now stop talking and sell or buy everything

[ujka]

Some of us still remember, two weeks ago...  

looking to BTC/USD ratio,the share price is really attractive, I bet that when more hash power comes online the share price will double or even triple, especially if the BTC price keeps at these levels  

simply if CryptX manage to reinvest the 35% wisely, and even if the share price will be 3 times at what it is today, a share will break even and make profit, thinking that the Difficulty factor will raise forever is just insane, Moore's law will take over, and after few months there will be not significant difficulty raise and this operation will be one of the best to invest in.

You were right on the 1st part, share price did double. Too bad last week we received only 10 (of 62) from Bitmine. Even the slight delay in such a project immediately takes the price down.

[karol]

mmitech is simply speculating the price, want to re-buy cheap becouse sold just before it goes up.

[mmitech]

Some of us still remember, two weeks ago... 

looking to BTC/USD ratio,the share price is really attractive, I bet that when more hash power comes online the share price will double or even triple, especially if the BTC price keeps at these levels  

simply if CryptX manage to reinvest the 35% wisely, and even if the share price will be 3 times at what it is today, a share will break even and make profit, thinking that the Difficulty factor will raise forever is just insane, Moore's law will take over, and after few months there will be not significant difficulty raise and this operation will be one of the best to invest in.

yes I did post that not trying to hide it and also I am not trying to be delusional, it would take months of hard work and it had to be proved with hashing power going online and custom boards made... but I never said the price would go up in a week or so... listen buddy I've been around here for a long time longer before I registered on this forum, I made many profits and I hold a good amount of BTC.

if you would think that I am sharing my points of view to earn a couple of BTC than you are damn wrong, I wouldn't do that even for 100 BTC because simply my morals doesn't allow me to do that, also do not forget that I did own 1.6% of all standing shares out there, I was thinking about buying up to 5%, but I wasn't delusional like most of you here .

 pa še nekaj Ujka ne pametuj preveč...

[Planken]

You guys are funny, now stop talking and sell or buy everything

http://www.stocktwitsfx.com/wp-content/uploads/2010/10/Book-Buy-Sell-Sell-sm.jpg

[Darkstone2]

simply if CryptX manage to reinvest the 35% wisely, and even if the share price will be 3 times at what it is today, a share will break even and make profit, thinking that the Difficulty factor will raise forever is just insane, Moore's law will take over, and after few months there will be not significant difficulty raise and this operation will be one of the best to invest in.

It isn't just moore's law. The biggest factor that drives the difficulity is BTC/USD. Moore's law is only a factor that drives about 30-40% difficulty increase per year. But remember that the current 28nm ASICS are a year or 2 behind the most advanced node available today. We've had 22nm chips since april 2012 in the consumer market.

As of right now the forecast from the financial spreadsheet is 1 month behind the difficulity right now, and it doesn't seem to slow down yet.

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.

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 )

[IamNotSure]

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.

[Darkstone2]

I was speaking of B.MINE, which represents an theoretical contract of 5GH/s of mining power.

[Usman056]

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

[Darkstone2]

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.

[qwertyqwerty]

nice tagteam work 'Darkstone2' 'Usman056' 

[rdyoung]

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?
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.

Lets assume that it keeps climbing at 20% for the rest of 2014. Unless the price goes through the roof, even large scale operations will be pushed out of business and the difficulty will eventually crash taking block times and the price with it.

[rdyoung]

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.
Nice tag team indeed. Are you looking to purchase some more cheap shares?

[nwfella]

Kind of curious as to what the NMC breakdown for last dividend payment was.  Didn't see any mention of it earlier.

[Vexatious]

I've fiddled around with CEX for a while now but just with trading because the mining makes no sense at those prices even with 100% reinvestment.

But that said, I just did some quick calculations comparing CEX to the PETA shares and took into account that CEX offers 100% reinvestment while PETA offer 65%. Using a PETA share price of 0.08 per share, GHs would have to be trading on CEX at 0.0068 per GHs to get the same bang for the buck.

Actually, it could be a bit higher just to account for hashing now instead of a month from now but too many variables to consider to try and figure that into it.

Even so, at least in terms of comparison to CEX, the PETA price per share is considerably less than what you can get out of CEX right now.

All I'm saying is that if GHs were trading at 0.07 right now on CEX, I'd buy them instead of the PETA shares at 0.08 per share and just manage my 100% reinvestment (of both BTC and NMC) myself. But that is not the case, so I'm gonna snatch up a bunch of PETA until the price reaches a point where the numbers don't make sense to me anymore. I won't speculate on what the max level is but it's definitely north of 0.1 BTC per share.

I wish I could short CEX: long PETA/short CEX at GHs neutral would be a helluva winning trade I think.

If anyone cares to challenge my thinking on this, go for it. I'm more than capable of recognizing if I'm wrong and my feelings won't get hurt.

[Darkstone2]

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.

[spartan82]

Is everyone blind to the fact that we are currently paying well over 0.1btc/gh right now? or am i missing something?

[Aireun]

Is everyone blind to the fact that we are currently paying well over 0.1btc/gh right now? or am i missing something?

Wouldn't it technically only be (at current price of 0.08050000/share) 0.00927419/GH. Considering each share will be equivalent of 8.68gh when fully deployed. Thats about $5.11 per gh at the current price. Source of average price bitstamp.

[rdyoung]

Is everyone blind to the fact that we are currently paying well over 0.1btc/gh right now? or am i missing something?

Wouldn't it technically only be (at current price of 0.08050000/share) 0.00927419/GH. Considering each share will be equivalent of 8.68gh when fully deployed. Thats about $5.11 per gh at the current price. Source of average price bitstamp.

Yes, it would be, but it seems the majority of investors here as well the trolls are focused on what happens tomorrow instead of the long term.

Does anyone here honestly believe that asic hardware production and sales can keep rising at the compounded 20% every 11 days?
It may be able to keep going for another few months, but unless there are more top secret farms other than 21e6, its going to slow down.

Ah screw it,
I am going to sell all my shares and put a paper wallet under my mattress. Is that a better investment???