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

[JstnPwll]

I'm okay with unavoidable delays—insofar as nothing can be done about them anyway—I just seriously hope that none of the delays have anything to do with bitmine customers whining about the Petamine production line.

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[trek27]

Apparently Rigs are passing stability tests:

[stompysteve]

At current mining capacity... Friday looks like we will have a very thin dividend.

I understand the concept of waiting to give news until you have good news... but even bad news (or a simple update) would be a good thing to have. Maybe every 2 days until final deployment of promised hash power?
 

why is the dividend going to be thin? shouldnt it be close to what it was last week?
we have been mining at the same speed since last week

[JstnPwll]

why is the dividend going to be thin? shouldnt it be close to what it was last week?
we have been mining at the same speed since last week

Last week was thin.

[cesmak]

why is the dividend going to be thin? shouldnt it be close to what it was last week?
we have been mining at the same speed since last week

Last week was thin.

  +1

[stompysteve]

why is the dividend going to be thin? shouldnt it be close to what it was last week?
we have been mining at the same speed since last week

Last week was thin.

  +1

I guess getting in at IPO price make me feel like they aren't

[JstnPwll]

I guess getting in at IPO price make me feel like they aren't

Yeah, optimism and positive thinking are probably better than the alternative. Hashing and receiving dividends at all is pretty good. I invested back in September, so I also had IPO price. It just feels slim based on half a year of expectations and the supposed deployment schedule. That's Bitcoin investment, for you.

[cryptx]

We want to give you an update on current deployment schedule / situation.
The latest release of our deployment schedule was based on written and contractual agreed schedule from Bitmine upon visiting them in Switzerland.

Due to all good efforts from Bitmine to deliver and manufacture new units, we can say that production is not yet at full speed / capacity. Currently, 15 desks are under way and should arrive by tomorrow, 20 are planned to ship out tomorrow. This will bring the total to 53 desks received. We are in day to day communication with Bitmine to follow up on the production and delivery schedule and undertake every possible action / provide any assistance necessary to get miners as fast as possible. We will work closely with Bitmine to provide a new and realistic delivery schedule and keep you all updated on this matter.

Regarding tomorrow’s dividend, we will also convert currently mined NMC’s to BTC and include them in the payout (currently about 324 NMC which equates to about 1.8 BTC at current market rate).

Meanwhile we thank everyone for their patience and trust as we continue to work hard for the success of this project.

[BelStar]

Cryptx, thanks for this important news.  Please keep the information flowing!

[MonkeyBear68]

CryptX,

Thank you for the update and all your hard work on achieving these results for shareholders.

Shareholders should realize that delays from chip manufacturers affect everyone and not just PETA. Total network hash rate has somewhat stagnated over the past week as evidenced in the following chart:

https://blockchain.info/charts/hash-rate

You can click on "7 day average" at the bottom of the chart to smooth the results.

[IamNotSure]

Thank you CryptyX for the frequent updates !

I was a bit annoyed by all the grumpy guys squatting the htread and I'm happy to see that you are working hard to keep the pace.

Shareholders should realize that delays from chip manufacturers affect everyone and not just PETA. Total network hash rate has somewhat stagnated over the past week as evidenced in the following chart:

https://blockchain.info/charts/hash-rate

you got a better view here : http://bitcoinwisdom.com/bitcoin/difficulty

It's ramping up again but the next increase will be around 10% IHMO.

[Foebar]

Regarding tomorrow’s dividend, we will also convert currently mined NMC’s to BTC and include them in the payout (currently about 324 NMC which equates to about 1.8 BTC at current market rate).

Meanwhile we thank everyone for their patience and trust as we continue to work hard for the success of this project.

At the NMC address configured in Eligius (NCnxjbJedracS6uW57wnQ9w4cN6ireRNP7) I find a balance of 456 NMC http://bitinfocharts.com/namecoin/address/NCnxjbJedracS6uW57wnQ9w4cN6ireRNP7

Could you verify that this is indeed the main Cryptx Mining NMC address?

[EdoBcn]

I was talking about "thin dividend" as last week one was actually the sum of 2 weeks.

We currently have a little more than 28btc (https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6) mined.
From Eligius the avg is 8.45btc per day, so I would assume tomorrow we could reach 36 or 42btc.
I'll assume that the hosting cost would be the same at 8.14btc (like last week).

This gives us a net of ~28 (or ~34) btc.

65% for dividend would be 0.000266 (or 0.000275) per share.
Last paid dividend was 0.00040211

(no bitching around or nothing, just estimate math)

and yes, I'm not counting the 1.8btc from NMC (I never seen anywhere that we would mine NMC as well... good enough, I'll not turn down additional profit).

[IamNotSure]

I was talking about "thin dividend" as last week one was actually the sum of 2 weeks.

We currently have a little more than 28btc (https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6) mined.
From Eligius the avg is 8.45btc per day, so I would assume tomorrow we could reach 36 or 42btc.
I'll assume that the hosting cost would be the same at 8.14btc (like last week).

This gives us a net of ~28 (or ~34) btc.

65% for dividend would be 0.000266 (or 0.000275) per share.
Last paid dividend was 0.00040211

(no bitching around or nothing, just estimate math)

and yes, I'm not counting the 1.8btc from NMC (I never seen anywhere that we would mine NMC as well... good enough, I'll not turn down additional profit).

We are really late in the payout queue. If you look at the payout graph we should have 29 BTC more.

That give us around 60 BTC, 55 after expenses (only one week's expense here), 35.75 after reinvest share -> 0.00044314153 /share

I don't understand clearly how the payout queue works but it's clear IMO that we are 29 BTC late.

[mikemikemike]

holyfuck. anyone noticed default hashing at above 3TH/s? what is that?

edit: 4TH/s and increasing.. 5TH/s...

[Foebar]

holyfuck. anyone noticed default hashing at above 3TH/s? what is that?

edit: 4TH/s and increasing..

possibly they've added machines without changing the hostnames, they will be split up afterwards I think

[trek27]

I was talking about "thin dividend" as last week one was actually the sum of 2 weeks.

We currently have a little more than 28btc (https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6) mined.
From Eligius the avg is 8.45btc per day, so I would assume tomorrow we could reach 36 or 42btc.
I'll assume that the hosting cost would be the same at 8.14btc (like last week).

This gives us a net of ~28 (or ~34) btc.

65% for dividend would be 0.000266 (or 0.000275) per share.
Last paid dividend was 0.00040211

(no bitching around or nothing, just estimate math)

and yes, I'm not counting the 1.8btc from NMC (I never seen anywhere that we would mine NMC as well... good enough, I'll not turn down additional profit).

We are really late in the payout queue. If you look at the payout graph we should have 29 BTC more.

That give us around 60 BTC, 55 after expenses (only one week's expense here), 35.75 after reinvest share -> 0.00044314153 /share

I don't understand clearly how the payout queue works but it's clear IMO that we are 29 BTC late.

Payments from Eligius to Peta address have just been made - 2 confirmations as I write
Current balance ~58

[Foebar]

and an increase in mining power 

[millenium]

and an increase in mining power 

may be a part of the 15 desks in transit yesterday

[jjjohnson]

and an increase in mining power 

may be a part of the 15 desks in transit yesterday

should definitely be... we're at around 80 and yesterday we were at 64.