|
NotLambchop
|
 |
May 19, 2014, 03:11:00 PM |
|
...
We have cut the hosting fee from 0.45$/kwh to 0.25$/kwh. In other words we gave up a large portion of our income to the PetaMine project...
Since you are keeping 90% of the mined coin for "reinvestment," how does this make any difference? |
|
|
|
|
|
|
|
|
|
|
|
|
|
The trust scores you see are subjective; they will change depending on who you have in your trust list. |
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
cryptx (OP)
|
|
May 19, 2014, 03:13:29 PM |
|
...
We have cut the hosting fee from 0.45$/kwh to 0.25$/kwh. In other words we gave up a large portion of our income to the PetaMine project...
Since you are keeping 90% of the mined coin for "reinvestment," how does this make any difference? Revenue of mining - hosting = BTC to spend for dividend and/or reinvestment |
|
|
|
|
|
NotLambchop
|
|
May 19, 2014, 03:16:31 PM |
|
...
We have cut the hosting fee from 0.45$/kwh to 0.25$/kwh. In other words we gave up a large portion of our income to the PetaMine project...
Since you are keeping 90% of the mined coin for "reinvestment," how does this make any difference? Revenue of mining - hosting = BTC to spend for dividend and/or reinvestment Lolno. 90% of (mining-hosting) = "reinvestment." 10% of (mining-hosting) = divs. "Reinvestment" = buying teh gear from yourselves. <==sweet! |
|
|
|
|
|
Foebar
|
|
May 19, 2014, 03:16:59 PM |
|
I really hope that Peta V3.0 will succeed, but I understand both camps.
We will see what the future brings.
|
|
|
|
michaelGedi
Sr. Member
 Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
|
|
May 19, 2014, 03:23:39 PM |
|
...
We have cut the hosting fee from 0.45$/kwh to 0.25$/kwh. In other words we gave up a large portion of our income to the PetaMine project...
Since you are keeping 90% of the mined coin for "reinvestment," how does this make any difference? Revenue of mining - hosting = BTC to spend for dividend and/or reinvestment Lolno. 90% of (mining-hosting) = "reinvestment." 10% of (mining-hosting) = divs. "Reinvestment" = buying teh gear from yourselves. <==sweet! you're always such a joker... one round of building miners = forever buying gear from themselves?? where is that fact made clear?? in the same vein (looking at mike's rants) 1-6% (needs to be proven but I'll take it at that for now) of electricity sold to peta = funneling money to solar power company... don't forget that the costs of running the solar power company have not been factored into certain calculations, just for extra fun/fud... I appreciate your humourous negative sentiment lambchops, but if you're going to counter argue, at least do it right. |
|
|
|
currencydebt
Newbie
Offline
Activity: 63
Merit: 0
|
|
May 19, 2014, 03:26:21 PM |
|
It took 20 or so minutes to sell the first 10,000 batch of IPO shares of Scrypt-X, it has taken 20 or so minutes to sell the first 20 shares of the PETA IPO
|
|
|
|
|
|
BiteMyShinyMetalAss
|
|
May 19, 2014, 03:26:37 PM |
|
@stompysteve; BiteMyShinyMetalAss: I'm sorry, i thought I was interrupting a rape. But this is ...consensual?
Yes, its consensual. The SP price doubled since last IPO and for people not wanting to participate its a briliant oppurtunity to exit. Its more like, such speculators lost an oppurtunity by jumping into scrypt... Like Mikemike, who said:"Oh, i am selling PETA for short time, and getting into SCRYPT and when then SCRYPT price goes up, i will sell it and come back and be cool!" |
|
|
|
michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
|
|
May 19, 2014, 03:29:14 PM |
|
It took 20 or so minutes to sell the first 10,000 batch of IPO shares of Scrypt-X, it has taken 20 or so minutes to sell the first 20 shares of the PETA IPO
good that you noticed that... well done and thanks for sharing  |
|
|
|
Diegogp
Newbie
Offline
Activity: 6
Merit: 0
|
|
May 19, 2014, 03:34:05 PM |
|
The money that is raised at the IPO will go to the purchase of 1000 TH/s of mining equipment, which costs about 3,760 BTC. Financial breakdown to deploy 1PH/s:
Cost: 3,760 BTC
Income:
* 33,794 shares at IPO: 3,313 BTC
* Current reinvestment funds: 150 BTC
* Mining revenue (16-31 May): 300 BTC cryptx, please could you clarify (NB - this is not an accusation): Where are the funds from the cancelled bitmain contract? Do they have any relationship to the shares you have aquired? If no, why are they not included in this calculation?
We have cut the hosting fee from 0.45$/kwh to 0.25$/kwh. In other words we gave up a large portion of our income to the PetaMine project. We could have left it at 0.45$ and receive a lot more hosting for the coming months. Instead we want the project to thrive and become one of the larger players in the Bitcoin mining place.
We bought back about 14,500 shares with the money we otherwise had to spend on Bitmine for our second part of the contract. We did this because we are convinced that we could use these shares to take the PetaMine to another level.+1 I wasnt upset with what was going down before though, everyone else is just pissed because they sold to early to get some scryptx trying to be a speculator or day trader +1 As simple as that...people is pissed off because of day trading. People who is holding for a long term sees that like really good news, and know that people is making FUD and we all know who they are. Since the beginning we've been watching a lot of speculation here, and people who write in this forum only looking for their speculation movements. Stop people, don´t let them get the attention they want, info is there, and is very good... |
|
|
|
|
|
webbrowser
|
|
May 19, 2014, 03:36:56 PM |
|
@cryptx, your prospectus indicates that reinvestment will continue, and the loan will be repaid from dividends. If the prospectus is badly worded, and the intention was for the 'loan' to be repaid from dividends + reinvestment, things do look a bit better. Still, the mine hashrate would not be growing during this time, and my projection suggest that the dividends through end-2014 would be unattractive (to me). If you sell 25000 units (2425BTC), you ask for 350 repaid. If you sell 17500 units (1681BTC), you ask for 685 repaid. If you sell 10000 units (950BTC) you ask for 1009 repaid. If the IPO does not sell at all, how much will the loan be? Why don't you forgo the IPO, and just take 1424 BTC of repayment from the reinvestments instead, and continue paying out dividends throughout? (I still have no idea how you came up with 1009 BTC figure) To those wishing for 0.0015 dividends to continue until the loan is repaid, this is how it might look like with a 1000btc loan to be repaid from reinvestments.  Or, for the 0.0015 dividends to continue thereafter... I stopped after Sep cos this chart is too painful.  As cryptx said, the spreadsheet is there. Plug in your own figures and see if the mine can be saved. |
|
|
|
|
|
NotLambchop
|
|
May 19, 2014, 03:38:58 PM |
|
@stompysteve; BiteMyShinyMetalAss: I'm sorry, i thought I was interrupting a rape. But this is ...consensual?
Yes, its consensual. The SP price doubled since last IPO and for people not wanting to participate its a briliant oppurtunity to exit. Its more like, such speculators lost an oppurtunity by jumping into scrypt... Like Mikemike, who said:"Oh, i am selling PETA for short time, and getting into SCRYPT and when then SCRYPT price goes up, i will sell it and come back and be cool!" Well, sorry for interrupting ur lovefest. BTW, just like you don't lose money 'til you sell, you haven't *made* any money 'til you've sold. Selling, at this point, is not an option, sry IPO. Good luck with your "investments" |
|
|
|
|
|
webbrowser
|
|
May 19, 2014, 03:55:57 PM |
|
I just realised that open market trading is suspended during the IPO. I hope you have all reached your desired positions before that happened.
|
|
|
|
|
|
pleiotropik
|
|
May 19, 2014, 03:56:09 PM |
|
Not that it matters to me since i sold yesterday, but we were promised at the beginning of the year a 700th/s investment for the IPO back then, before they changed the roadmap drastically and sprung all these "Jack in the box" investment novelties. Current hashrate is 433th/s: 61% of what should already be installed. so, ceterus paribus, if PETA performs in a similar fashion to the past, they will be mining at no more than 1,000th/s in august... I'm keeping a copy of this  |
|
|
|
|
|
hephaist0s
|
|
May 19, 2014, 04:25:18 PM |
|
Share price is way above the original IPO prices.
Dividends are larger than ever.
In ~2 weeks, the mine hash rate will triple.
The worst case scenario for the short term is that if the new share sale is a bust, in order to pay for the new hardware (which will cause our hash rate to triple), unit holders won't receive dividends for a couple weeks -- maybe as few as 2 weeks -- while those dividends are reinvested.
So what the heck are people complaining about? There is nothing bad here. This is all fantastic news.
There is no other mine doing anywhere near this well -- growing, adapting, communicating, and paying. Unless you unluckily bought on the one spike above .1 BTC, every single unit holder is doing measurably, provably great.
|
Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9 |
|
|
|
NotLambchop
|
|
May 19, 2014, 04:31:14 PM |
|
Share price is way above the original IPO prices. Threading is suspended. IPO.
Dividends are were larger than ever.
...
FTFY |
|
|
|
|
|
|
|
hephaist0s
|
|
May 19, 2014, 04:35:25 PM |
|
Share price is way above the original IPO prices. Threading Trading is suspended. IPO.
Dividends are were larger than ever.
...
FTFY FTFTFY |
Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9 |
|
|
kenmomotaro
Member
Offline
Activity: 66
Merit: 10
|
|
May 19, 2014, 04:53:08 PM |
|
Share price is way above the original IPO prices.
Dividends are larger than ever.
In ~2 weeks, the mine hash rate will triple.
The worst case scenario for the short term is that if the new share sale is a bust, in order to pay for the new hardware (which will cause our hash rate to triple), unit holders won't receive dividends for a couple weeks -- maybe as few as 2 weeks -- while those dividends are reinvested.
So what the heck are people complaining about? There is nothing bad here. This is all fantastic news.
There is no other mine doing anywhere near this well -- growing, adapting, communicating, and paying. Unless you unluckily bought on the one spike above .1 BTC, every single unit holder is doing measurably, provably great.
If you simply know who spread FUD and how many shares in their hands, and you'll know why they are bitching. As far as I know, some people sell all their shares. Then starts to complain how bad this project is. Good news to holders, bad news to weak hands. Here's one thing I did when Scrypt-X ipo. I hodl PETA shares, and use another cold storage BTC to buy in Scrypt-X. And so far it's good, make me more btc. See what's different? |
|
|
|
|
|
pleiotropik
|
|
May 19, 2014, 04:53:52 PM |
|
Surreal... can you imagine how pissed i would be if i had been trapped without being able to sell my shares?
¿Do these Re-IPO's with frozen shares have an antecedent or are we exploring new financial territory?
|
|
|
|
|
|
NotLambchop
|
|
May 19, 2014, 05:02:24 PM |
|
...
As far as I know, some people sell all their shares. Then starts to complain how bad this project is.
... Wouldn't it be odd if they *held* their shares while pointing out that this is a scam? *Of course, now that trading's been halted and nobody can sell, that logic fails, but still... |
|
|
|
|
|
