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

[pleiotropik]

I like this thread. It's like an eternal stockholder's call.   

[EdoBcn]

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.

Wow, 50% more a week... We just need a developer to create a nice UI... (that we don't really need that much, do we?). If the above is true (no reason to doubt you! ) what are we waiting for?

[ujka]

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.

Wow, 50% more a week... We just need a developer to create a nice UI... (that we don't really need that much, do we?). If the above is true (no reason to doubt you! ) what are we waiting for?

PETA was pretty lucky finding blocks last two weeks - a block per day.
If we calculate expected average time to find a block based on PETA hashrate and difficulty, it was about a block every TWO days.  So, very lucky weeks. But, can we risk/bet such a luck will continue?

Code:

	date		block	luck%
1	21.02.2014	287019	168
2	23.02.2014	287400	72
3	25.02.2014	287788	580
4	12.03.2014	290225	96
5	13.03.2014	290426	458
6	13.03.2014	290456	38
7	16.03.2014	290845	36
8	17.03.2014	291021	103
9	18.03.2014	291188	3078
10	19.03.2014	291295	52
11	20.03.2014	291414	267
12	21.03.2014	291615	168
13	21.03.2014	291631	207
14	22.03.2014	291836	535
15	24.03.2014	292281	117
16	25.03.2014	292329	452

[trek27]

Recently we had some lucky time - that's all.

Believing that in the long run PETA-MINE could be more lucky than the others is IMO simply delusional.

[mikemikemike]

Recently we had some lucky time - that's all.

Believing that in the long run PETA-MINE could be more lucky than the others is IMO simply delusional.

+1 +2 +3

on another note, anyone noticed we are hashing at 10TH/S less than yesterday? seems we are having problems with some of the machines. can CryptX give an update?

[stompysteve]

Recently we had some lucky time - that's all.

Believing that in the long run PETA-MINE could be more lucky than the others is IMO simply delusional.

I dont think we are at high enough hashrate to go solo yet, maybe if we had 250TH right now I would vote yes

[rdyoung]

Recently we had some lucky time - that's all.

Believing that in the long run PETA-MINE could be more lucky than the others is IMO simply delusional.

I dont think we are at high enough hashrate to go solo yet, maybe if we had 250TH right now I would vote yes

I would wait until we have 1%+ of the network. No need to go solo if we aren't solving at least a couple of blocks a day.

[ujka]

Today again - new hardware hashing! 

[stompysteve]

Today again - new hardware hashing! 

12 hours   132.47 Th/s   1332397984
3 hours   141.17 Th/s   354985984
22.5 minutes   150.22 Th/s   47218000
256 seconds   154.26 Th/s   9194667
128 seconds   154.77 Th/s   4612526

[JstnPwll]

I'd be perfectly fine with a new hardware addition every day. 

We're currently sitting at close to 0.4% of the network.

[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!

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.

I refuse to argue with anyone that would try to argue Petamine share price is a "sure thing". Makes you either stupid or deliberately misleading. If you were a stockbroker you would be facing mis-selling charges.

[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.

I refuse to argue with anyone that would try to argue Petamine share price is a "sure thing". Makes you either stupid or deliberately misleading. If you were a stockbroker you would be facing mis-selling charges.

No you refuse to allow logic and commonsense invade your cognitive dissonance.
I never said that the share price was a sure thing.
What I said was it was a bad assumption on your part to assume a severe drop in price right after dividends have been paid.
BIG BIG Difference. It is obvious that you have no clue how stocks and other commodities are priced.
You have take many many factors into account when your dealing with investments, and with vehicles such as petamine that pay a dividend, it is likely that the price will stay steady, outside of the bots screwing with the price, or someone intentionally painting the tape.

[nwfella]

Bring on the hash baby!!

[kenmomotaro]

So we are now in week 13, and we are starting to deploy week 10's 55 Coincraft rigs. A little delay I should say. Meanwhile it's about the time to deploy 250 TH/s custom hardware which should happen in week 13~15. If all these Coincraft rigs and custom hardware deployment happen in these 3 weeks, PETA' hashrate would be explosively growth. Though it only happens in a very optimistic way.

[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!

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.

I refuse to argue with anyone that would try to argue Petamine share price is a "sure thing". Makes you either stupid or deliberately misleading. If you were a stockbroker you would be facing mis-selling charges.

No you refuse to allow logic and commonsense invade your cognitive dissonance.
I never said that the share price was a sure thing.
What I said was it was a bad assumption on your part to assume a severe drop in price right after dividends have been paid.
BIG BIG Difference. It is obvious that you have no clue how stocks and other commodities are priced.
You have take many many factors into account when your dealing with investments, and with vehicles such as petamine that pay a dividend, it is likely that the price will stay steady, outside of the bots screwing with the price, or someone intentionally painting the tape.

You sound just like the type that flog bad investments to vulnerable people from boilerrooms. "it is likely that the price will stay steady" gives you away for the idiot or miscreant you are.

[mikemikemike]

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.

I refuse to argue with anyone that would try to argue Petamine share price is a "sure thing". Makes you either stupid or deliberately misleading. If you were a stockbroker you would be facing mis-selling charges.

No you refuse to allow logic and commonsense invade your cognitive dissonance.
I never said that the share price was a sure thing.
What I said was it was a bad assumption on your part to assume a severe drop in price right after dividends have been paid.
BIG BIG Difference. It is obvious that you have no clue how stocks and other commodities are priced.
You have take many many factors into account when your dealing with investments, and with vehicles such as petamine that pay a dividend, it is likely that the price will stay steady, outside of the bots screwing with the price, or someone intentionally painting the tape.

You sound just like the type that flog bad investments to vulnerable people from boilerrooms. "it is likely that the price will stay steady" gives you away for the idiot or miscreant you are.

whatever you think about him personally doesn't make up for the fact he is 100% correct. People arn't going to sell there shares just because the dividend has been paid; on the contrary, if we keep increasing dividends per week the share price should bubble up soon before settling down at a level much higher than it is currently

-protip from a very successful daytrader

[stompysteve]

12 hours   146.52 Th/s   1473702032
3 hours   151.93 Th/s   382040720
22.5 minutes   150.64 Th/s   47350752
256 seconds   157.40 Th/s   9381985
128 seconds   174.61 Th/s   5203883

hashrate keeps pumping upto 174 then back down to 138 or so??

[altoidmintz]

whatever you think about him personally doesn't make up for the fact he is 100% correct. People arn't going to sell there shares just because the dividend has been paid; on the contrary, if we keep increasing dividends per week the share price should bubble up soon before settling down at a level much higher than it is currently

-protip from a very successful daytrader

+1 and protip verified.

[MonkeyBear68]

Those that are hyper-fixated on the price of a share of PETA and that fact that it is too low, and that it should go up etc. should stop trying to convince others to buy more shares and perhaps buy some shares yourselves. If your assessment tells you the current price is such a bargain then it would be foolish not to. As a minimum you could put some large orders to buy shares on the Bid side; there is no depth on the Bid side if you look on Havelock:

https://www.havelockinvestments.com/order.php?symbol=PETA

You all are making it patently obvious that you wish the price to go up so that you can unload shares and get all your dividends at once.

Personally I do not care what the price of a share of PETA is as I believe that CryptX is doing an excellent job, and that I will get my value back through the dividends as time goes on. If there was more depth on the Bid side that would encourage me and others to buy more shares from the Ask side. Common guys put your money where your mouth is.

[NotoriousBIT]

So is this an eternal loop kinda thing where the price of shares goes up towards Friday and drops down during the weekend?