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

[altoidmintz]

The stats page is fixed I guess, at least for me, currently hashing at 1310 TH / 80183 TH => 1.65 % of global Bitcoin network.
YipYip

Stats are fixed. As predicted, IPO sales have ticked up slightly. On the downside, I'm not able to confirm 1310. I'm seeing 1250 for the hour avg, and 15 min interval is 1235 and decreasing. Nothing to worry about imho. Keep it up CryptX. Looking forward to the div faucet turning back on.

[BiteMyShinyMetalAss]

The stats page is fixed I guess, at least for me, currently hashing at 1310 TH / 80183 TH => 1.65 % of global Bitcoin network.
YipYip

Stats are fixed. As predicted, IPO sales have ticked up slightly. On the downside, I'm not able to confirm 1310. I'm seeing 1250 for the hour avg, and 15 min interval is 1235 and decreasing. Nothing to worry about imho. Keep it up CryptX. Looking forward to the div faucet turning back on.

So we get above 15GH/s.  1250Th/s /77095 shares ~~ 16GH/s ! This is amazing! People who are waiting to get in after IPO ends, will end up paying premium...

[_biO_]

We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.

[spartan82]

Brilliant, back in business!

[ujka]

We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.

Well, the deal in new IPO is 15G/s per share sold, so I can not blame them for private hashing with the rest of hardware (if they already bought 1500TH).

[_biO_]

We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.

Well, the deal in new IPO is 15G/s per share sold, so I can not blame them for private hashing with the rest of hardware (if they already bought 1500TH).

Me neither. I guess I just take offense at the last line of their mail "Now let’s sell this IPO." ("... or don't cause we don't really care either way at this point!")

[dhenson]

We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.

Well, the deal in new IPO is 15G/s per share sold, so I can not blame them for private hashing with the rest of hardware (if they already bought 1500TH).

Me neither. I guess I just take offense at the last line of their mail "Now let’s sell this IPO." ("... or don't cause we don't really care either way at this point!")

I don't think that is accurate. As far as I understand it, if the IPO sells out, dividends will start being paid immediately. If not, they will be withheld until the hardware cost is recouped.

[ujka]

If the complete IPO (33K shares) sells out, dividends have to be paid on 6th.
In last update CryptX said, we are hashing at 1156th (77000 shares), and adding new hardware as new shares are sold in IPO, until 31st.

[DebitMe]

I am not sure if this was answered or not, but where are the proceeds from the sold hardware going?  Shouldn't those either be issued as dividends or withheld to pay for this new hardware?  But I do not see the answer as to where the proceeds will go from the update.

[ujka]

^
Old hardware is just replaced for more efficient. We, shareholders, get lower hosting cost.

(I'm very glad if CryptX is able to buy new, efficient, hardware, with only selling old ones)

[DebitMe]

^
Old hardware is just replaced for more efficient. We, shareholders, get lower hosting cost.

yea, but correct me if I am wrong but...

we paid for the old hardware with the initial IPO.
Now, we paid for new hardware (or will by the end of all of this, either through sold out IPO or dividends withheld)
They sold/are selling old equipment for btc.

Shouldn't whatever they make from the old hardware go to the benefit of us either through dividends or used in lieu of dividends if the current IPO doesn't sell out?

[ujka]

^
I'm very glad if CryptX is able to buy new, efficient, hardware, with only selling old ones.

New IPO is for the additional 1000TH.
500TH we already have is being replaced.

[DebitMe]

^
I'm very glad if CryptX is able to buy new, efficient, hardware, with only selling old ones.

I do not think you are understanding what I am asking.  I agree, it is good that they got new hardware to replace the old hardware, but where is the money going that they are getting for the old hardware?

[ujka]

^
I'm very glad if CryptX is able to buy new, efficient, hardware, with only selling old ones.

I do not think you are understanding what I am asking.  I agree, it is good that they got new hardware to replace the old hardware, but where is the money going that they are getting for the old hardware?

To buy that new efficient hardware.
IPO is for additional 1000TH.
500TH we already have is being replaced by selling old hardware and buying new, not using IPO funds.

[realtime]

Email from cryptx (noticed nobody had posted it)

Dear Unit Holders,

We crossed a historical milestone today! From now on we can use our name PetaMine in the true sense of the word.  We have surpassed 1 Peta Hash in hash power.  In fact, we are currently hashing at 1,156 TH/s or 15 GH/s per unit.

We have already sold +10,000 shares at this IPO. Until the closure of the IPO this Sunday, we will immediately add 15 GH/s to the PetaMine per remaining unit sold.

You can follow the hash rate of the PetaMine here: www.peta-mine.co/stats

Now let’s sell this IPO.

[vaguhs]

Email from cryptx (noticed nobody had posted it)

Dear Unit Holders,

We crossed a historical milestone today! From now on we can use our name PetaMine in the true sense of the word.  We have surpassed 1 Peta Hash in hash power.  In fact, we are currently hashing at 1,156 TH/s or 15 GH/s per unit.

We have already sold +10,000 shares at this IPO. Until the closure of the IPO this Sunday, we will immediately add 15 GH/s to the PetaMine per remaining unit sold.

You can follow the hash rate of the PetaMine here: www.peta-mine.co/stats

Now let’s sell this IPO.

It is on the previous page.
But thank you for updating the community.

[MPalokaj]

The stats page is fixed I guess, at least for me, currently hashing at 1310 TH / 80183 TH => 1.65 % of global Bitcoin network.
YipYip

where is the remaining 190 TH? and what about the missing hardware mentioned earlier?

The hashrate is 1156 TH/s. There is no 'remaining hashrate' until more IPO shares are sold. There is also no 'missing hardware'. The IPO is meant to add 1000 TH/s, and since not all shares were sold only part was added.

We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.

Well, the deal in new IPO is 15G/s per share sold, so I can not blame them for private hashing with the rest of hardware (if they already bought 1500TH).

Me neither. I guess I just take offense at the last line of their mail "Now let’s sell this IPO." ("... or don't cause we don't really care either way at this point!")

Using the bought hardware to mine is the best strategy. Also selling the IPO is the best for everyone involved. The growth of PETA mine is good for all shareholders as it improves our economy of scale, not to mention that dividends start sooner.

What in the world is there to be offended about? They are expressing enthusiasm in an email updating us on the hard work they did. If I had just operationalized a 1+ PH/s mine I'd be pretty excited too. I tend to like enthusiastic people in business, they get far crazier things done than deskplants.

^
Old hardware is just replaced for more efficient. We, shareholders, get lower hosting cost.

yea, but correct me if I am wrong but...

we paid for the old hardware with the initial IPO.
Now, we paid for new hardware (or will by the end of all of this, either through sold out IPO or dividends withheld)
They sold/are selling old equipment for btc.

Shouldn't whatever they make from the old hardware go to the benefit of us either through dividends or used in lieu of dividends if the current IPO doesn't sell out?

Ujka means exactly what he is saying, and is right. The old 500 TH/s second is replaced by new hardware. The IPO should add 1000 TH/s, and the old 500 TH/s was replaced.



Guys, practicing scepticism is a good way to make sure you don't lose your money. But please make sure you are fully informed and don't draw panic conclusions based on some half truths and enflaming forum posts. All the information is out there, and sensationalism or repetitive questions is not going to solve anything.

I for one am very happy explaining things to those who are confused, and I'm very happy there is people here that explain things to me when I'm confused. But half the stressful debating here the past weeks could have been avoided if everyone took 10 minutes to read the prospectus and actually read the status updates that are emailed to you...

Have a nice day everyone, try not to look at the /stats/ page all day. I find myself doing so every so many hours, just because it looks pretty

[_biO_]

We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.

Well, the deal in new IPO is 15G/s per share sold, so I can not blame them for private hashing with the rest of hardware (if they already bought 1500TH).

Me neither. I guess I just take offense at the last line of their mail "Now let’s sell this IPO." ("... or don't cause we don't really care either way at this point!")

Using the bought hardware to mine is the best strategy. Also selling the IPO is the best for everyone involved. The growth of PETA mine is good for all shareholders as it improves our economy of scale, not to mention that dividends start sooner.

What in the world is there to be offended about? They are expressing enthusiasm in an email updating us on the hard work they did. If I had just operationalized a 1+ PH/s mine I'd be pretty excited too. I tend to like enthusiastic people in business, they get far crazier things done than deskplants.

If the profits of the +200 or so TH/s that are currently mining and are not associated with a share are used to resume the dividends sooner, then all is well. If they pocket those profits then I have technically still nothing to complain about, except maybe about them trying to invoke a "team spirit" in that mail, while still profiting directly from any share not being sold. It reads a bit hypocritical.

[skuser]

Sorry for being a bit suspicious, but are there any actual pictures of the farm? Considering the snail speed of adding dozens of terrahashes weekly in previous months yesterdays addition of +600 THs sounds too good to be true...

[havelock]

Sorry for being a bit suspicious, but are there any actual pictures of the farm? Considering the snail speed of adding dozens of terrahashes weekly in previous months yesterdays addition of +600 THs sounds too good to be true...

In the past they needed to wait for new chips to arrive. The manufacturers were delaying the deployment. This time around the chips were in stock, not pre-ordered as before.

You may also monitor the address directly:
https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6