Aireun
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Activity: 113
Merit: 10
Perpetual optimism is a force multiplier.
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May 22, 2014, 12:12:26 PM |
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So if we don't sell all 10k shares and deploy only with 1,143 TH/s and cryptx buys the rest of the shares does that mean we get "less than" 15gh/share. Or do we initially deploy with 1,143 TH/s and build up to 1500th/s through reinvestment or divs being held? Could someone clarify this for me?
For what i've understand they deploy less power, but there are less shares, so the unit for one share will remain 15GH/s. Correct me if i'm wrong. You are right How does that make sense in calculation? For example 'total mined' divided by 'total shares in circulation' equals divs. Am I right? (I'm no math expert). And "total hash speed" divided by "units outstanding" equals gh/share? |
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karol
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May 22, 2014, 12:18:57 PM |
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That is Your answer:  So units sold will be 76206, they will deliver 1143TH which means 1143/76206 = 0,015 so 15Ghs per unit. Cryptx will buy units not sold in first batch so assuming all units will be 76206 and they will simply collect divs from theirs shares. And yes You are right; total mined - fee = divs but part of divs will go to reinvestment it will depend on Cryptx how much at point of time. Divs will be paid when we mined in total - fee = 1007 BTC it will goes to Cryptx becouse of theirs loan. After we collect it dividents will start be paing. |
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aasl
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May 22, 2014, 12:21:48 PM |
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the price of petamine is increasing.
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BiteMyShinyMetalAss
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May 22, 2014, 12:35:10 PM |
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the price of petamine is increasing.
It is not increasing, there are over 6000 shares at price of 0.095... Maybe you mean price of BTC? |
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Aireun
Member
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Activity: 113
Merit: 10
Perpetual optimism is a force multiplier.
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May 22, 2014, 12:47:37 PM |
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That is Your answer: So units sold will be 76206, they will deliver 1143TH which means 1143/76206 = 0,015 so 15Ghs per unit. Cryptx will buy units not sold in first batch so assuming all units will be 76206 and they will simply collect divs from theirs shares. And yes You are right; total mined - fee = divs but part of divs will go to reinvestment it will depend on Cryptx how much at point of time. Divs will be paid when we mined in total - fee = 1007 BTC it will goes to Cryptx becouse of theirs loan. After we collect it dividents will start be paing. Perfect, thanks Karol! |
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BongaManollo
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May 22, 2014, 02:00:46 PM |
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Excuse my ignorance, but what is there for cryptx to clarify?
whether he/they received options for compensation from cointerra due to under performing hardware, hardware bought with funds from the last IPO.. yes the latest prospectus does not promise anything related to this, but this is an issue that's kind of been "swept under the rug" as it were that should be addressed to provide clarity edit: @ bongamanollo - ok, but the issue of under performing hardware has not been mentioned to my knowledge since the initial delivery of cointerra units. Does it matter? We are buying hashrate. How they obtain that doesn't matter for me. |
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karol
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May 22, 2014, 02:21:36 PM |
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Excuse my ignorance, but what is there for cryptx to clarify?
whether he/they received options for compensation from cointerra due to under performing hardware, hardware bought with funds from the last IPO.. yes the latest prospectus does not promise anything related to this, but this is an issue that's kind of been "swept under the rug" as it were that should be addressed to provide clarity edit: @ bongamanollo - ok, but the issue of under performing hardware has not been mentioned to my knowledge since the initial delivery of cointerra units. Does it matter? We are buying hashrate. How they obtain that doesn't matter for me. It does metter, we are not buying fix hashrate - we are buying hashrate on the begining. But then new hashrate is buying from our money. Previosly from Your money 35% was taken to reinvestment. So for example it is big difference if they buy 500th from cash from IPO or 250th from IPO and second 250 from Your cash. It is not CEX where You are buing fix hashrate. When You buy IPO you bought initial hashrate then from Your cash they should buy additional miners. |
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BongaManollo
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May 22, 2014, 02:42:02 PM |
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I was promised 1gh, now I have 15gh a share. I don't care.
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karol
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May 22, 2014, 02:45:22 PM |
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I bought when it was more than 7 so i do care
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Collider
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May 22, 2014, 02:55:19 PM |
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It seems the first batch of IPO shares are going fast, so get in before they cost more  |
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IPO Magic
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May 22, 2014, 03:04:29 PM |
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cryptx making good on his promise  |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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May 22, 2014, 03:11:09 PM |
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^ it's ipo magic
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Collider
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May 22, 2014, 03:11:59 PM |
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Only 4000 left! Peta-mine is better than cex because of lower power cost and better energy efficiency, aswell as lower price / GH. Oh, and reinvestment |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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May 22, 2014, 03:15:46 PM |
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ok, this is very good.
I get the feeling that some people with bitcoins have been doing the new math...
after all, if deployment is this monday, it's going to be less than 2 weeks without divs
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millenium
Newbie
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Activity: 34
Merit: 0
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May 22, 2014, 03:22:59 PM |
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As they annunced in the last update "All the hardware is ready" couldn't they start now the deployment?
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cesmak
Legendary
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Activity: 1050
Merit: 1009
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May 22, 2014, 03:31:10 PM |
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Whow !  2000 shares solded in a bounch of minutes.... great ! |
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stompysteve
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May 22, 2014, 03:32:20 PM |
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Whow ! 2000 shares solded in a bounch of minutes.... great ! [HAVELOCK] [PETA] 1652 @ 0.095 = 156.94 BTC thats a big buy |
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IPO Magic
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May 22, 2014, 03:35:39 PM |
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cryptx promised to buy the unsold shares. Buying them now makes this look hot, buying at the end smells like capitulation.
Which would you do in his shoes?
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stompysteve
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May 22, 2014, 03:49:19 PM |
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cryptx promised to buy the unsold shares. Buying them now makes this look hot, buying at the end smells like capitulation.
Which would you do in his shoes?
I think they were going to buy the unsold IPO shares so divs didnt have to be withheld because everyone was freaking out, some were even trying to get out by selling shares on the forum under ipo what would you do in his shoes? (I think they are making the right moves to make this project work, at least longer then it was before) |
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karol
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May 22, 2014, 03:54:01 PM |
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cryptx promised to buy the unsold shares. Buying them now makes this look hot, buying at the end smells like capitulation.
Which would you do in his shoes?
I wouldn not be suprised it they bought some shares to convince other to invest and to make this ipo looking better. It would be clever move but of course it is only quess and we probably will never know who bought it. And this amount of BTC looks familiar. We have around 150btc in reimvestment found. Does anyone knows btc adress with our reinvestment founds? |
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