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

[spartan82]

I tell u what for the amount of money that this operation has invested in mining gear, management is hopeless

[1714535522]

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[1714535522]

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[BiteMyShinyMetalAss]

Well, I dont think  the management is bad. Just because we dont get update everyday, does not mean those guys are not doing their job.

[ujka]

Barring any siginficant # of unit's coming in this week (which I suspect they won't)...I'm going to guess 0.00058912 for next dividend payout.  (Also assuming BTC stays above $450 (fingers and toes crossed))

With BTC at $450 dividend should be around 0.00064 (150Th/s, 105 BTC minted, 25 BTC hosting)

I hope CryptX returns from Switzerland with a truck full of rigs.

[EdoBcn]

Barring any siginficant # of unit's coming in this week (which I suspect they won't)...I'm going to guess 0.00058912 for next dividend payout.  (Also assuming BTC stays above $450 (fingers and toes crossed))

With BTC at $450 dividend should be around 0.00064 (150Th/s, 105 BTC minted, 25 BTC hosting)

I hope CryptX returns from Switzerland with a truck full of rigs.

+1 !

(does anyone have a good theory on why the share price is falling this much?)

[SamWalters]

I like peta

[mikemikemike]

removed

[IamNotSure]

(does anyone have a good theory on why the share price is falling this much?)

Because there is no buying orders. As soon as a shareholder with 10 BTC worth of PETA shares sells, price drop by 0.01 on average.

[mikemikemike]

(does anyone have a good theory on why the share price is falling this much?)

Because there is no buying orders. As soon as a shareholder with 10 BTC worth of PETA shares sells, price drop by 0.01 on average.

you'll find most of these massive sells are the same person buying slowly and reselling all at once

[EdoBcn]

thanks all for the "theories"

I've seen it myself when I entered my second batch of purchases how the price was going up and up (right before the over 0.1 increase). So I get the overall picture. I must agree with the general feeling of Cryptx not giving much updates. I understand that he doesn't want to be hold liable for promises that could go wrong (promises from the manufacturers) but still... he did it few weeks ago with the 700 TH/s announcement, and we are still far from it.
With the current price it is quite inviting to purchase more. The BTC/$ rate could stay longer like this, go down or up, but if we can get the TH to actually get where it should be, I would be less concerned about the costs.

Also, with the price so low, it make an additional barrier (psychological) to not sell shares now and hold further.
Oh boy, I'm the worse poker player around... I just want to go and "see" the figures once all TH (or a big part of it) it's deployed

[mikemikemike]

thanks all for the "theories"

I've seen it myself when I entered my second batch of purchases how the price was going up and up (right before the over 0.1 increase). So I get the overall picture. I must agree with the general feeling of Cryptx not giving much updates. I understand that he doesn't want to be hold liable for promises that could go wrong (promises from the manufacturers) but still... he did it few weeks ago with the 700 TH/s announcement, and we are still far from it.
With the current price it is quite inviting to purchase more. The BTC/$ rate could stay longer like this, go down or up, but if we can get the TH to actually get where it should be, I would be less concerned about the costs.

Also, with the price so low, it make an additional barrier (psychological) to not sell shares now and hold further.
Oh boy, I'm the worse poker player around... I just want to go and "see" the figures once all TH (or a big part of it) it's deployed

once BTC shoots up so will PETA.

and my favorite graph of the day - https://i.imgur.com/ejrTU8r.jpg

also, as much as what i said seems like a far-fetched "theory" it is not, while there are other factors at play, i can guarantee most of the major dives are because of one or two people - i'd post proof but i think i'd create a large amount of enemies from long-term holders - if anyone wanted to bet me some BTC through escrow that i was wrong, then i could be persuaded

[mikemikemike]

also, while im in a revealing mood, and i fucking hate bot owners - if anyone is wanting to buy or sell and wants a better price, make sure to post an opposite order at a better price than what is on the market, then wait for the bots to undercut/overcut you, then take the price they offer for a better rate

example,

Current buy price is 0.06745743

place a sell order for three units @ 0.06645743

wait a few minutes while the bots catch up

they will then place sell orders lower than your 0.06645743,

you can then buy at a lower price than before

this works both ways, for buying and selling, but all dependent on whether the bots are turned on. please also note these bots have limits that they will not pass, so you will have to test a few orders before you get the best price.

a live example right now is the order at 0.00675 that caused the bots to put lower orders automatically.
 
enjoy.

FYI: the two bot owners are BCMINE and Darkstone2 - so if they say ANYTHING on this forum, remember they are doing it to cause volatility and not because they have any actual interest or insight into this project

[EdoBcn]

also, while im in a revealing mood, and i fucking hate bot owners - if anyone is wanting to buy or sell and wants a better price, make sure to post an opposite order at a better price than what is on the market, then wait for the bots to undercut/overcut you, then take the price they offer for a better rate

example,

Current buy price is 0.06745743

place a sell order for three units @ 0.06645743

wait a few minutes while the bots catch up

they will then place sell orders lower than your 0.06645743,

you can then buy at a lower price than before

this works both ways, for buying and selling, but all dependent on whether the bots are turned on.

a live example right now is the order at 0.00675 that caused the bots to put lower orders automatically.
 
enjoy.

FYI: the two bot owners are BCMINE and Darkstone2 - so if they say ANYTHING on this forum, remember they are doing it to cause volatility and not because they have any actual interest or insight into this project

I have no other words but THANKYOU.

I'll use it soon (as soon as a Sepa transfer can get to the exchange and then to Havelock )

[trek27]

Another custom design based on A1:

[babcoccl]

thanks all for the "theories"

I've seen it myself when I entered my second batch of purchases how the price was going up and up (right before the over 0.1 increase). So I get the overall picture. I must agree with the general feeling of Cryptx not giving much updates. I understand that he doesn't want to be hold liable for promises that could go wrong (promises from the manufacturers) but still... he did it few weeks ago with the 700 TH/s announcement, and we are still far from it.
With the current price it is quite inviting to purchase more. The BTC/$ rate could stay longer like this, go down or up, but if we can get the TH to actually get where it should be, I would be less concerned about the costs.

Also, with the price so low, it make an additional barrier (psychological) to not sell shares now and hold further.
Oh boy, I'm the worse poker player around... I just want to go and "see" the figures once all TH (or a big part of it) it's deployed

Being a shareholder myself, I too would like to see more updates although I try to remind myself that in the "real world" companies only give quarterly reports to shareholders. Granted I see the project being in a fairly crucial phase right now where more regular updates would be nice but what would you like from something like a daily update?

i.e.

Day 1 - No delivery today.
Day 2- No delivery again.
Day 3- 10 desks arrived today, online.
Day 4 - No delivery.....
 

Anyway, I'm still confident in the project although I do hope that CryptX is keeping tabs on other rig producers for future  reinvestment.

[ujka]

Another custom design based on A1:

And another one. Prototype board for A1 in testing phase, from The Wasp project:

https://bitcointalk.org/index.php?topic=422243.msg5996249#msg5996249

[EdoBcn]

Being a shareholder myself, I too would like to see more updates although I try to remind myself that in the "real world" companies only give quarterly reports to shareholders. Granted I see the project being in a fairly crucial phase right now where more regular updates would be nice but what would you like from something like a daily update?

i.e.

Day 1 - No delivery today.
Day 2- No delivery again.
Day 3- 10 desks arrived today, online.
Day 4 - No delivery.....
 

Anyway, I'm still confident in the project although I do hope that CryptX is keeping tabs on other rig producers for future  reinvestment.

Well, daily updates of "no updates" doesn't make much sense. But:
Day 1 - visited Bitmine, kicked their asses, got promises of deliveries in 7 days for additional 20 TH/s
Day 5 - didn't get their tracking number for the shipment, most likely we will not get the 20 TH/s in the 7 days.
Day 7 - Got the tracking only now. Delivery to follow in 2-3 days
Day 9 - Delivered!
Day 10 - 20 TH/s up and running! Hashing at 19.5 TH/s

(numbers are just an example)

And adding:
Day 1 - next 100 TH/s to be delivered in 30 days
Day 28 - got tracking on 100 TH/s
Day 30 - delivered

and so on..

this wouldn't be bad.
If I could rely on the deliveries, I would know when to buy more or when there is going to be few weeks of flat hashing power... (not that personally it will bring my investment somewhere else... but others, who knows)

[trek27]

As to the issue of bitcoin legal status.
Interesting IRS ruling:
http://www.coindesk.com/irs-bitcoin-ruling-may-bright-side/

Theoretically a good news for btc price but currently market concentrates almost only on bad news.   

[MonkeyBear68]

Bots essentially will place a buy/sell order to the point of being able to generate a profit. Since the fee on Havelock is 0.4% it does not take much spread for these bots to make a profit. Keep the Bid-Ask spread as tight as possible and use the trick mikemikemike suggested to ensure they get as little profit as possible.

[EdoBcn]

Bots essentially will place a buy/sell order to the point of being able to generate a profit. Since the fee on Havelock is 0.4% it does not take much spread for these bots to make a profit. Keep the Bid-Ask spread as tight as possible and use the trick mikemikemike suggested to ensure they get as little profit as possible.

Thanks. Manually, it didn't go well. With the fees and (I suspect) an occasional real purchaser, I lost half a share in btc.
I guess I would need a counter bot... so, too complex and may not worth it with small numbers. I will just keep my shares and be a good guy.

[BiteMyShinyMetalAss]

http://bitmine.ch/?p=5329 So i am missing something, is Bitmine producing 50 units a day or are they not... :/ ?