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

[ujka]

@ Cryptx : maybe set an auto payout thresshold in Eligius, then we don't have to wait 34 blocks to process bigger BTC amounts.

Don't know what you mean, minimum treshold? Won't help.
Maximum? No such thing.

Automatic payout every 4 or 5 BTC credited to our account, now cryptx logs on to Eligius and asks for a payout

Eligius doesn't work that way (there is no log on for payout). Automatic payout is set, defaults to 0.04 btc, can be set lower, at 0.01.
But every address has to wait for payout until there is NO OTHER address that is waiting LONGER.

[1714848063]

1714848063

[ujka]

seems more hw  coming online, default miners is 67 TH

73.50 76.4 Th/s now for 'default' worker, 134 137.6 Th/s total  
(22 min average, so it's not variance)

[stompysteve]

seems more hw  coming online, default miners is 67 TH

73.50 Th/s now for 'default' worker, 134 Th/s total  
(22 min average, so it's not variance)

yup more stuff coming online
12 hours   116.44 Th/s   1171148624
3 hours   119.81 Th/s   301266688
22.5 minutes   134.24 Th/s   42194176
256 seconds   136.00 Th/s   8106033
128 seconds   136.04 Th/s   4054342

[stompysteve]

seems more hw  coming online, default miners is 67 TH

73.50 Th/s now for 'default' worker, 134 Th/s total  
(22 min average, so it's not variance)

yup more stuff coming online
12 hours   116.44 Th/s   1171148624
3 hours   119.81 Th/s   301266688
22.5 minutes   134.24 Th/s   42194176
256 seconds   136.00 Th/s   8106033
128 seconds   136.04 Th/s   4054342

MOAR HASH!!

12 hours   117.61 Th/s   1182927104
3 hours   124.51 Th/s   313100816
22.5 minutes   137.63 Th/s   43261440
256 seconds   143.09 Th/s   8529042
128 seconds   146.50 Th/s   4366045

[hephaist0s]

So awesome. Did we ever confirm whether "week 13" was counting from the start of the calendar year, or from the date of the 700 TH/s announcement? Because if it was counting from the beginning of the year, that means we're there now and custom hardware is scheduled to happen.
http://www.peta-mine.co/petamine-will-deploy-700-ths-or-8-68-ghs-per-share/

[naaktslak]

any projections what the dividends will be in the coming weeks/month?

[pedrog]

So awesome. Did we ever confirm whether "week 13" was counting from the start of the calendar year, or from the date of the 700 TH/s announcement? Because if it was counting from the beginning of the year, that means we're there now and custom hardware is scheduled to happen.
http://www.peta-mine.co/petamine-will-deploy-700-ths-or-8-68-ghs-per-share/

I was under the impression it was from the beginning of the year, let's wait for an update from cryptx on this subject...

[howardb]

It should be noted that 46%, as stated on havelock at time of posting this, is a pretty attractive yield and considering that we are nowhere near our initial guestimated hashing power, I myself feel that the shareholders/investors are doing a considerably great job keeping the share price at a stable price of approximately 0.07btc. The 35% reinvestment fund is the make or break part of this operation. If we can get to the 8.68gh/share real quick and the reinvestment funds are used adequately to keep up with the difficulty increases then this could most probably be the best mining fund out there for its value. I see cryptx is taking his time out each week to update shareholders with information of what the dividends consist of, which is fair play, but the schedule of mining equipment coming online has not been so forthcoming. Seeing the difficulty rises have not been as cut throat as many have expected, I think it is safe to say now that the development and supply of mining equipment has been delayed across the board and has not just affected this particular mining fund.

Using the 'Yield' figure at this stage of the project is completely meaningless. As you correctly pointed out the re-investment is the key, and unless the re-investment rate can keep up with bitcoin difficulty, the asset base will devalue, which means the shares will devalue. In essence we will be robbing peter to pay paul if we are taking dividends whilst the asset base devalues and will lose overall. I think at the first sign of not being able to keep up with difficulty, Cryptx should take  a vote on more dividend going to re-investment.

[howardb]

This is the most important part.
Owning shares in Peta is akin to owning ghs on the exchanges that sell them, except Peta will reinvest on your behalf and you can still cash out at your leisure.
If you bought 1 share and then sold after dividends were paid you cashed out with a positive roi, regardless of what's going on behind the scenes.

Only true if the asset values do not go down because re-investment did not keep up with BTC difficulty!
Suggesting to people they cannot lose assumes the share price won't go down, which it obviously will if the above happens! Somewhat disengenuous of you!

[Usman056]

seems more hw  coming online, default miners is 67 TH

73.50 Th/s now for 'default' worker, 134 Th/s total  
(22 min average, so it's not variance)

yup more stuff coming online
12 hours   116.44 Th/s   1171148624
3 hours   119.81 Th/s   301266688
22.5 minutes   134.24 Th/s   42194176
256 seconds   136.00 Th/s   8106033
128 seconds   136.04 Th/s   4054342

MOAR HASH!!

12 hours   117.61 Th/s   1182927104
3 hours   124.51 Th/s   313100816
22.5 minutes   137.63 Th/s   43261440
256 seconds   143.09 Th/s   8529042
128 seconds   146.50 Th/s   4366045

we are still not keeping up with predicted difficulty increase (18.48% https://bitcoinwisdom.com/bitcoin/difficulty)... We only increased hash by 13-16%. if we keep getting equipment weekly at 20TH per week we may be able to squeeze out some more div's per difficulty but thats if there isn't a supply problem which there clearly is.. 

[ujka]

we are still not keeping up with predicted difficulty increase (18.48% https://bitcoinwisdom.com/bitcoin/difficulty)... We only increased hash by 13-16%. if we keep getting equipment weekly at 20TH per week we may be able to squeeze out some more div's per difficulty but thats if there isn't a supply problem which there clearly is..  

You have wrong data.
Last Monday PETA was around 108 Th/s, now 138 Th/s, that's 27.78 % increase, in a week!

On the last diff change I think PETA was hashing even lower than 108 Th/s. Anyone has that past data?

[BongaManollo]

The key tot profit are the PCB boards, than Cryptx can ramp up our hashingpower. All we can do is wait.

[stompysteve]

Cryptx can you give a status update on the schedule of the new hardware shipped or on our own boards, I know bitmine is backed up still.

[rdyoung]

This is the most important part.
Owning shares in Peta is akin to owning ghs on the exchanges that sell them, except Peta will reinvest on your behalf and you can still cash out at your leisure.
If you bought 1 share and then sold after dividends were paid you cashed out with a positive roi, regardless of what's going on behind the scenes.

Only true if the asset values do not go down because re-investment did not keep up with BTC difficulty!
Suggesting to people they cannot lose assumes the share price won't go down, which it obviously will if the above happens! Somewhat disengenuous of you!

How is it disingenuous?
Your assuming that a lot of shares will be dumped after dividends, a bad assumption on your part. As long as the dividends are steady or slightly increasing more will hold than will sell.
You obviously missed my point entirely and are just looking for an argument.

[ujka]

we are still not keeping up with predicted difficulty increase (18.48% https://bitcoinwisdom.com/bitcoin/difficulty)... We only increased hash by 13-16%. if we keep getting equipment weekly at 20TH per week we may be able to squeeze out some more div's per difficulty but thats if there isn't a supply problem which there clearly is..  

You have wrong data.
Last Monday PETA was around 108 Th/s, now 138 Th/s, that's 27.78 % increase, in a week!

On the last diff change I think PETA was hashing even lower than 108 Th/s. Anyone has that past data?

Few datapoints I collected from this thread

Code:

date       hashrate   change%
06.3.2014	 64	
11.3.2014	 78	21,88
17.3.2014	108	38,46
18.3.2014	120	11,11
24.3.2014	138	15,00

[rdyoung]

we are still not keeping up with predicted difficulty increase (18.48% https://bitcoinwisdom.com/bitcoin/difficulty)... We only increased hash by 13-16%. if we keep getting equipment weekly at 20TH per week we may be able to squeeze out some more div's per difficulty but thats if there isn't a supply problem which there clearly is..  

You have wrong data.
Last Monday PETA was around 108 Th/s, now 138 Th/s, that's 27.78 % increase, in a week!

On the last diff change I think PETA was hashing even lower than 108 Th/s. Anyone has that past data?

Few datapoints I collected from this thread

Code:

date       hashrate   change%
06.3.2014	 64	
11.3.2014	 78	21,88
17.3.2014	108	38,46
18.3.2014	120	11,11
24.3.2014	138	15,00

We can't base growth of dividends and hashpower on those #s, we are not fully deployed yet.
Once we are hashing @ 700+ths then we can determine our growth versus the network.

[ujka]

Of course not.
I just wanted to correct Usman056  on that 13-16%.

[rdyoung]

Of course not.
I just wanted to correct Usman056  on that 13-16%.

Understood

[Usman056]

Of course not.
I just wanted to correct Usman056  on that 13-16%.

Understood

so sorry, i didn't feel like going through and collecting the all the data points. point taken

[babcoccl]

Any word on Peta striking out on it's own? With the exception of yesterday, Peta has been finding a block a day which is better than the current payout per day on Eligius.

Is there anything we gain from Eligius other than a nice UI and the potential continued payout when the Peta miners are unlucky?

If Peta had been mining on it's own it would have pulled down 150 BTC in the past week versus the ~100 BTC paid out by Eligius.