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

[Anonymousg64]

they bought their hardware at around 3BTC/TH/s

each TH bought is going to return(to PETA) 5-6BTC in its lifetime (75% of that return will come in the first 4 months) (unless the difficulty increase rate changes, assumed 2 month doubling time here)

factor in the resale value of those TH and the dropping cost of hardware and you are growing, not shrinking like puppet is trying to convince you

from BTC perspective, a rise in BTC value = hardware cost dropping



ofcourse, if you bleed yourself through dividends too much, it all fails
keep that reinvestment high, stable shareprice through constant/growing dividends
the alternative is an ever decreasing shareprice and dividend


unless you want to claim its impossible for any miner to ROI in BTC, there is no reason PETA cant grow
PETA has access to better prices then the average miners, also no hardware manufacturer is participating in the BTC race, other then ASICMINER
all the others are just selling shovels(profit model is selling cloud contracts, not mining, much less risky and more profitable), not caring about BTC profit

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[Puppet]

they bought their hardware at around 3BTC/TH/s

IPO was 0.0975 BTC per share for 15GH/s or 6.7 BTC/TH.

each TH bought is going to return 5-6BTC in its lifetime
(75% of that return will come in the first 4 months)

Ill take bets on that. But even if you are correct, you just proved my point. Even you dont seem to think the hardware can ever mine back its IPO price, let alone generate profit on top of all the expenses.

[Anonymousg64]

they bought their hardware at around 3BTC/TH/s

IPO was 0.095 BTC per share for 15GH/s or 6.7 BTC/TH.

each TH bought is going to return 5-6BTC in its lifetime
(75% of that return will come in the first 4 months)

Ill take bets on that. But even if you are correct, you just proved my point. Even you dont seem to think the hardware can ever mine back its IPO price, let alone generate profit on top of all the expenses.

that says nothing about how much they paid for hardware

you are forgetting everyone was increased to 15GH/s

11085 IPO shares sold, 1055.7875BTC
964BTC put forward by Cryptx

659TH/s was added
3.064BTC/TH/s bought


they seem to have bought the whole 1000Th/s anyway, so we have more cheap TH/s that can be readily added from reinvestments

[Puppet]

that says nothing about how much they paid for hardware

Who cares? If cryptx did indeed pay the price you quote, then he made a nice big fat profit for himself, not for you.

[stompysteve]

At the new 1 hour rate of ~1350 we are at 17.5 GH share unless im mathing something wrong

[_biO_]

they seem to have bought the whole 1000Th/s anyway

I guess friday we'll hear that PETA MINE will hash at 1500TH/s or 19.36GH/s per share.

They didn't even bother to update the bullet points on http://www.peta-mine.co ... still shows 1500 TH/s

[spartan82]

they seem to have bought the whole 1000Th/s anyway

I guess friday we'll hear that PETA MINE will hash at 1500TH/s or 19.36GH/s per share.

They didn't even bother to update the bullet points on http://www.peta-mine.co ... still shows 1500 TH/s

As long as the miners are hashing away and we are growing that's all I need to see. Very happy with that

[nwfella]

My guess for Friday's dividend: 0.00173154/share

Liking what I'm seeing thus far fellas.  Would still love to know how our merged coins are being spent :p

[Puppet]

IPO was 0.095 BTC per share for 15GH/s or 6.7 BTC/TH.

You are forgetting everyone was increased to 15GH/s

 

Anyway, since you seem both sure of your investment, and willing to double down, I have an opportunity for you. I could ask you to borrow me some shares so I can short them, but unfortunately thats not very practical and I dont feel like registering and depending on havelock, so lets make this an escrowed bet. Ill bet you 10BTC that 6 months from now, the sum of cryptx share/bond/'unit' price plus all paid dividends will be less than the 0.0975 IPO price, or shares are no longer publicly tradeable. If you win, you will double your investment, something I dont believe even you will think possible by buying cryptx shares.

Who's game?

[Anotheranonlol]

Anyway, since you seem both sure of your investment, and willing to double down, I have an opportunity for you. I could ask you to borrow me some shares so I can short them, but unfortunately thats not very practical and I dont feel like registering and depending on havelock, so lets make this an escrowed bet. Ill bet you 10BTC that 6 months from now, the sum of cryptx share/bond/'unit' price plus all paid dividends will be less than the 0.0975 IPO price, or shares are no longer publicly tradeable. If you win, you will double your investment, something I dont believe even you will think possible by buying cryptx shares.

Who's game?

How about a simple bet; 'Investors who purchased PETA at IPO will be able to realise a positive ROI in 6 months time'

[Puppet]

How about a simple bet; 'Investors who purchased PETA at IPO will be able to realise a positive ROI in 6 months time'

Too vague. You might be able to get a positive ROI at some point during those 6 months if you actually sell at the right time and some bigger fool is willing to overpay. After all people made profit trading Pirate bonds too. Heck you could might even be able to spend 10 BTC to make it look like that happened.

Also, if cryptx gets delisted and goes private GigaVPS style, it will be impossible to objectively state if it will still be "possible" to ROI since you wouldnt be able to sell and thus have no market price. Unless you accept that under those circumstances, the value of the bond itself is considered zero and only dividend payments up to that date are considered.

[Puppet]

OH, and one more provision I would have to insist on: if regulatory pressure forces cryptx to reimburse shareholders at IPO price (probably plus interest), like happened with activeminer, I also win the bet even if shareholders happen to end up with a profit (which would be EUR denominated). Since you were adamant cryptx isnt violating any regulations, you should have no problem accepting this as term.

[karol]

IPO was 0.095 BTC per share for 15GH/s or 6.7 BTC/TH.

You are forgetting everyone was increased to 15GH/s

 

Anyway, since you seem both sure of your investment, and willing to double down, I have an opportunity for you. I could ask you to borrow me some shares so I can short them, but unfortunately thats not very practical and I dont feel like registering and depending on havelock, so lets make this an escrowed bet. Ill bet you 10BTC that 6 months from now, the sum of cryptx share/bond/'unit' price plus all paid dividends will be less than the 0.0975 IPO price, or shares are no longer publicly tradeable. If you win, you will double your investment, something I dont believe even you will think possible by buying cryptx shares.

Who's game?

Do You really want to play this game? I bought shares per 0.05 last IPO, now after 6 month I gain 50% (assuming 0.075 price) even without divs..

[Anotheranonlol]

How about a simple bet; 'Investors who purchased PETA at IPO will be able to realise a positive ROI in 6 months time'

Too vague. You might be able to get a positive ROI at some point during those 6 months if you actually sell at the right time and some bigger fools is willing to overpay. After all people made profit trading Pirate bonds too. Heck you could might even be able to spend 10 BTC to make it look like that happened.

Also, if cryptx gets delisted and goes private GigaVPS style, it will be impossible to objectively state if it will still be "possible" to ROI since you wouldnt be able to sell and thus have no market price. Unless you accept that under those circumstances, the value of the bond itself is considered zero and only dividend payments up to that date are considered.

Not really sure if it's too vague if you think this offerings a losing proposition, you seem to believe the operation will decline/and or be completely delisted meaning dividends and or share price will collapse.

If that's the case, then you would imagine in 6 months (or less) I wouldn't be able to realise a positive ROI anymore right?
we are not talking about 'sometime in' 6 months but 6 months exactly. If we were talking about 6 months or LESS, I'd just take the 10btc off your hands right now.

Obviously, if PETA were to disappear overnight you would automatically win, whereas if shares were to spike tomorrow then collapse in 6 months I'd not win, so it negates somewhat the greater fool theory you talk about. this is a bet to talk only about the long term potential of the mine which you think there is none

to be clear, we are talking strictly about BTC denominated profits- eur/usd/ yen blabla is not counted. Also any privatisation and subsequent otc sales of shares would be open for independent adjudication, the bets not automatically nullified due to lack of 'market price' since there is always a market price as long as there's a market.

[oma5]

IPO was 0.095 BTC per share for 15GH/s or 6.7 BTC/TH.

You are forgetting everyone was increased to 15GH/s

 

Anyway, since you seem both sure of your investment, and willing to double down, I have an opportunity for you. I could ask you to borrow me some shares so I can short them, but unfortunately thats not very practical and I dont feel like registering and depending on havelock, so lets make this an escrowed bet. Ill bet you 10BTC that 6 months from now, the sum of cryptx share/bond/'unit' price plus all paid dividends will be less than the 0.0975 IPO price, or shares are no longer publicly tradeable. If you win, you will double your investment, something I dont believe even you will think possible by buying cryptx shares.

Who's game?

Do You really want to play this game? I bought shares per 0.05 last IPO, now after 6 month I gain 50% (assuming 0.075 price) even without divs..

...on paper... Can you sell your shares in an illiquid market without causing the price to go down significantly?
For me, once dividended BTC > invested BTC, take your principal out and you can take the 'free ride'!.

[karol]

IPO was 0.095 BTC per share for 15GH/s or 6.7 BTC/TH.

You are forgetting everyone was increased to 15GH/s

 

Anyway, since you seem both sure of your investment, and willing to double down, I have an opportunity for you. I could ask you to borrow me some shares so I can short them, but unfortunately thats not very practical and I dont feel like registering and depending on havelock, so lets make this an escrowed bet. Ill bet you 10BTC that 6 months from now, the sum of cryptx share/bond/'unit' price plus all paid dividends will be less than the 0.0975 IPO price, or shares are no longer publicly tradeable. If you win, you will double your investment, something I dont believe even you will think possible by buying cryptx shares.

Who's game?

Do You really want to play this game? I bought shares per 0.05 last IPO, now after 6 month I gain 50% (assuming 0.075 price) even without divs..

...on paper... Can you sell your shares in an illiquid market without causing the price to go down significantly?
For me, once dividended BTC > invested BTC, take your principal out and you can take the 'free ride'!.

He didnt't tell how much of shares should be sell. Even that I belive that selling 200 shares (10btc/0,05) is possible above 0.05 (ipo price) now.

[spartan82]

IPO was 0.095 BTC per share for 15GH/s or 6.7 BTC/TH.

You are forgetting everyone was increased to 15GH/s

 

Anyway, since you seem both sure of your investment, and willing to double down, I have an opportunity for you. I could ask you to borrow me some shares so I can short them, but unfortunately thats not very practical and I dont feel like registering and depending on havelock, so lets make this an escrowed bet. Ill bet you 10BTC that 6 months from now, the sum of cryptx share/bond/'unit' price plus all paid dividends will be less than the 0.0975 IPO price, or shares are no longer publicly tradeable. If you win, you will double your investment, something I dont believe even you will think possible by buying cryptx shares.

Who's game?

Do You really want to play this game? I bought shares per 0.05 last IPO, now after 6 month I gain 50% (assuming 0.075 price) even without divs..

...on paper... Can you sell your shares in an illiquid market without causing the price to go down significantly?
For me, once dividended BTC > invested BTC, take your principal out and you can take the 'free ride'!.

He didnt't tell how much of shares should be sell. Even that I belive that selling 200 shares (10btc/0,05) is possible above 0.05 (ipo price) now.

Only just possible I think.. Not a whole heap of buy orders on havelock at the moment but I think after the other nights big sell off that stooped to all time low played a big part in more buy orders been placed since then

[howardb]

I'm finding every day a struggle at the moment. I have a golden rule of not overconcentrating money in one project, and I have BTC on hand, and PETA looks so damned attractive at this price (BTC=$654 and rising). Someone point me at a better deal, please....

[ujka]

I'm finding every day a struggle at the moment. I have a golden rule of not overconcentrating money in one project, and I have BTC on hand, and PETA looks so damned attractive at this price (BTC=$654 and rising). Someone point me at a better deal, please....

So, ASICMINER will be buying 30k BTC to pay shareholders? Time to buy BTC not shares

[Puppet]

Not really sure if it's too vague if you think this offerings a losing proposition, you seem to believe the operation will decline/and or be completely delisted meaning dividends and or share price will collapse.

If that's the case, then you would imagine in 6 months (or less) I wouldn't be able to realise a positive ROI anymore right? we are not talking about 'sometime in' 6 months but 6 months exactly. If we were talking about 6 months or LESS, I'd just take the 10btc off your hands right now.  

Clearly, 6 month exactly. As for taking my 10BTC, I was pretty clear this is about the 0.0975 BTC iPO.

Obviously, if PETA were to disappear overnight you would automatically win, whereas if shares were to spike tomorrow then collapse in 6 months I'd not win, so it negates somewhat the greater fool theory you talk about. this is a bet to talk only about the long term potential of the mine which you think there is none

Yes, but I put those provisions in for a reason. You seem unaware of what happened to gigamining and activemining. Gigamining, after consulting with lawyers, was taken off the market, so those bonds were no longer in any way liquid but the issuer continued paying dividends to bondholders (at least to those willing to fork over all their personal information, doxing themselves and sign a small pile of legal documents). Not that these investors ever got a positive ROI, but it would be impossible to say that for certain, at least before a forced buyback at an arbitrary price took place several years after IPO. The odds of a positive ROI only ever were theoretical, like when difficulty would drop by a few orders of magnitude, but in such a scenario I want to avoid you claiming its possible to ROI. If the cryptx units are no longer being traded on the open market, I win.

As for euro/dollar, that was a reference to activemining who is being forced by regulators to offer reimbursement to its investors at IPO price +8% interest (again only to those doxing themselves). This will have be done in fiat, based on the exchange rate at the IPO. Now, in the case of activemining,  BTC price increased about five fold between the IPO and now, so this ends up being a pretty horrible deal, but if the same were to happen to cryptx, and BTC price were to plummet instead of soar, investors could end up with a BTC denominated profit if you convert the reimbursed dollars/euro's in to BTC. Again this is not a situation were I would want to lose the bet, especially since you claim there is no legal risk, and Im already betting plenty on a BTC price rise.