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spartan82
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December 19, 2013, 02:46:03 AM |
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so let me get this straight... each share, had the original 36,504 shares on havelock been sold, at 0.05BTC, represents 2.4ghs mining power. not until mid january ofcourse. since those shares are left unsold, what mining power does each share scale down to now? and what are the plans of upping the hashrate, and at what cost to the shareholders? has this not been planned out yet, or am i missing something?
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dhenson
Legendary
 Offline
Activity: 994
Merit: 1000
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December 19, 2013, 07:00:42 AM |
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so let me get this straight... each share, had the original 36,504 shares on havelock been sold, at 0.05BTC, represents 2.4ghs mining power. not until mid january ofcourse. since those shares are left unsold, what mining power does each share scale down to now? and what are the plans of upping the hashrate, and at what cost to the shareholders? has this not been planned out yet, or am i missing something?
It's 2.4gh/share regardless of how many are sold. |
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cryptx (OP)
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December 19, 2013, 07:22:27 AM |
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so let me get this straight... each share, had the original 36,504 shares on havelock been sold, at 0.05BTC, represents 2.4ghs mining power. not until mid january ofcourse. since those shares are left unsold, what mining power does each share scale down to now? and what are the plans of upping the hashrate, and at what cost to the shareholders? has this not been planned out yet, or am i missing something?
It's 2.4gh/share regardless of how many are sold. Correct! So far 69,149 shares are sold, so the mine will start with a hashrate of ~166 TH/s. |
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spartan82
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December 19, 2013, 08:28:51 AM |
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ok cool thanks for clarifying that guys  |
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IamNotSure
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December 19, 2013, 10:12:00 AM |
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What will be the impact of the USD/BTC price. Have you already converted BTC collected with the IPO into fiat, and if not, when do you plan to do it ?
Also, I guess when the mining will start, you'll convert the 35% reinvest share of the mined BTC every week, am I right ? Or do you plan to adjust the reinvest proportion if the BTC price in USD goes substantially under 500$ ? Or to hoard this proportion waiting for better days ?
Last question, I happen to live near you, is it possible to visit you once the mine is active, just out of curiosity ?
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ujka
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December 19, 2013, 12:29:49 PM
Last edit: December 19, 2013, 12:49:29 PM by ujka |
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What will be the impact of the USD/BTC price. Have you already converted BTC collected with the IPO into fiat, and if not, when do you plan to do it ?
CryptX explained that earlier - they put their money (btc) in when signing contract with Bitmine. That IPO was to get that 'loan' back from new shares sold. https://bitcointalk.org/index.php?topic=310783.msg3849622#msg3849622 |
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IamNotSure
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December 19, 2013, 02:09:48 PM |
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What will be the impact of the USD/BTC price. Have you already converted BTC collected with the IPO into fiat, and if not, when do you plan to do it ?
CryptX explained that earlier - they put their money (btc) in when signing contract with Bitmine. That IPO was to get that 'loan' back from new shares sold. https://bitcointalk.org/index.php?topic=310783.msg3849622#msg3849622Ok, I'll try to read that again and hopefully understand it better |
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hephaist0s
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December 19, 2013, 09:10:50 PM |
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I'm very happy with the move to Havelock so far. We're trading just a hair under the .05 BTC IPO-part-two price, and the spread between bids and asks is nominal. On Cryptostocks, we were trading at a lower price and the gap was huge. This feels much healthier.
Now we just need our second wave of hardware.
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Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9 |
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Morguk
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December 20, 2013, 03:24:44 PM |
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I'm looking forward to this starting and getting some healthy dividends |
Calculate the chance of hitting a bitcoin block when solo mining at |
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havelock
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December 20, 2013, 05:36:22 PM |
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I'm very happy with the move to Havelock so far. We're trading just a hair under the .05 BTC IPO-part-two price, and the spread between bids and asks is nominal. On Cryptostocks, we were trading at a lower price and the gap was huge. This feels much healthier.
Now we just need our second wave of hardware.
Thank you PETA Unit Holders, We are glad to have you as part of our Funds as well. Happy Holidays, Havelock Investments |
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frito
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December 20, 2013, 05:39:44 PM |
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I like those optimists selling above 0.05.  |
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dhenson
Legendary
Offline
Activity: 994
Merit: 1000
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December 24, 2013, 06:39:30 AM |
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Cryptx,
Cointerra has been offering compensation to December orders for the delay. I'm assuming that includes us as well. Do you have good news for us?
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Foebar
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December 24, 2013, 08:51:42 AM |
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I like those optimists selling above 0.05. I'm happy to see we're still selling shares @ 0.05, this means the overall speed of the mine will be increasing. |
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VonSpecht
Newbie
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Activity: 45
Merit: 0
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December 25, 2013, 11:29:02 PM
Last edit: December 26, 2013, 12:41:10 AM by VonSpecht |
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I'm just guessing that without that cake of 30257/30688 shares (฿1512.8500) the price would be definately more than 0.05 right now. Are Cryptx selling their own shares or is it just a coincidence that the amount is exactly same than unsold shares of the IPO?
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rdyoung
Legendary
Offline
Activity: 994
Merit: 1000
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December 26, 2013, 12:05:49 AM |
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I'm just guessing that without that cake of 30257/30688 shares (฿1512.8500) the price would be definately more than 0.05 right now. Are Cryptx selling their own shares or is it just a coincidence that the amount is exactly same than unsold shares of the IPO?
Thats how IPOs work. Any shares not sold at IPO are still available to be sold at the behest of the company. |
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VonSpecht
Newbie
Offline
Activity: 45
Merit: 0
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December 26, 2013, 12:42:15 AM |
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I'm just guessing that without that cake of 30257/30688 shares (฿1512.8500) the price would be definately more than 0.05 right now. Are Cryptx selling their own shares or is it just a coincidence that the amount is exactly same than unsold shares of the IPO?
Thats how IPOs work. Any shares not sold at IPO are still available to be sold at the behest of the company. Ok, but why the amount of outstandings is not equal to the amount of sold before + during IPO + 431 shares sold until now of this single trade? |
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rdyoung
Legendary
Offline
Activity: 994
Merit: 1000
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December 26, 2013, 01:19:58 AM |
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I'm just guessing that without that cake of 30257/30688 shares (฿1512.8500) the price would be definately more than 0.05 right now. Are Cryptx selling their own shares or is it just a coincidence that the amount is exactly same than unsold shares of the IPO?
Thats how IPOs work. Any shares not sold at IPO are still available to be sold at the behest of the company. Ok, but why the amount of outstandings is not equal to the amount of sold before + during IPO + 431 shares sold until now of this single trade? I am not sure what your getting at. They should equal 100k shares total. They moved from btctc when it closed, and then just moved from cryptostocks to havelock. Perhaps there are still shares not claimed at havelock. PS. I am in no way associated with nor am I for or against petamine. I am simply throwing my 2mbtc in where I can. |
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altoidmintz
Full Member
Offline
Activity: 180
Merit: 100
After Economics: Learning is just the first step.
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December 27, 2013, 04:54:39 PM |
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Peta mine is on FIRE! Selling these shares like hotcakes...Let's go for 70k by New Year's!!!
Current prices are about $40 per share. That means to eat a 30k share wall is about $1.2 M to go. Then share price will expectedly spike for 2 reasons:
1st: We are already seeing upward pressure as demonstrated by continued strong sales at current prices.
2nd: I do not expect the wall to be eaten before we start mining. After a consistent record of mining and dividends is established demand will spike again. This is because, to be frank, there are a large number of sidelined would-be investors doubting that mining will begin on time, but they would be happy to invest once mining begins.
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havelock
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December 27, 2013, 08:26:39 PM |
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I am not sure what your getting at. They should equal 100k shares total.
They moved from btctc when it closed, and then just moved from cryptostocks to havelock. Perhaps there are still shares not claimed at havelock.
PS. I am in no way associated with nor am I for or against petamine. I am simply throwing my 2mbtc in where I can.
There are a few Shareholders that still have not registered with us (Havelock) and have yet to receive their Shares of the Fund. If you owned shares of PETA on btc.to and haven't received your shares yet on Havelock, please make sure you have registered with us using the same e-mail address, and let us know at contact@HavelockInvestments.comThank you, Havelock Investments |
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BongaManollo
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December 27, 2013, 10:35:15 PM |
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I am not sure what your getting at. They should equal 100k shares total.
They moved from btctc when it closed, and then just moved from cryptostocks to havelock. Perhaps there are still shares not claimed at havelock.
PS. I am in no way associated with nor am I for or against petamine. I am simply throwing my 2mbtc in where I can.
There are a few Shareholders that still have not registered with us (Havelock) and have yet to receive their Shares of the Fund. If you owned shares of PETA on btc.to and haven't received your shares yet on Havelock, please make sure you have registered with us using the same e-mail address, and let us know at contact@HavelockInvestments.comThank you, Havelock Investments Webcare +2, makes me smile |
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