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

[dhenson]

This thread has gotten out of control.

No it's just one paid shill (assumed paid, I mean why else would he be doing it) using different accounts to talk to himself and FUD the asset.

I can't speak for all long holders of PETA, but I'm just checked out from this thread as Cryptx doesn't post here so there is no reason to continue reading baseless speculation and FUD.

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[Puppet]

Exactly who would pay me dhenson and to what purpose?

Anyone paying attention, lots of newbies here that try to pump this hugely overpriced bond, most of whom seem immune to reason, yet no one is willing to accept either a bet or organize a loan that would significantly increase their "profits". Wonder why?

If anyone is looking to pick up shares in bulk @ .0925 PM me (minimum 100 shares per trade).

Maybe thats why. Sorry if Im blocking your emergency exit Dhenson.



BTW, how's labcoin doing?

It's going to be priceless when Labcoin surpasses AM in hash rate. (briefly)

Did you manage to pump and dump those shares in time?  
 Im still waiting for my payment for trying to make you see you were getting ripped off, or were you by that time trying to rip others off?

[NotLambchop]

Lurk moar.

[tsm13]

I ran the numbers and agree with Puppet. I made a decision to pull out of PETA a while ago and going through my options I arrived at the following choice:

1. Pull out now(then) with an 11% ROI(share price increase + divs)
2. Wait 4 divs more and pull out with a  potential 22% ROI(share price + divs)

After much consideration I went with the bird in the hand vs the two in the bush. Time will tell whether I made the right decision or not, but so far so good.

I would say we are on the cusp of an explosion of network growth, and would advise any mining bondholders to re-asses their position/roi's with some of the projected growth rates expected vs the prospectus. We saw the similar change from gpu's to asics, albeit much more dramatically!

There are many different arguments around network expansion and what will happen. The information is there to be read in all the different sub forums. If you do have the oppurtunity take a look.

I do want to say though, as a provider CryptX has been really good. I enjoyed my time investing. Would I invest again in mining bond? Probably not its too risky for me.

Disclaimer: I dont own any peta shares currently, and dont plan to buy in again

[MineForeman.com]

To help dispel the reinvestment myth, made another chart. First again, my assumptions for network growth, which so far are seriously underestimating reality:

.... Lots of nice graphs, you realy put a lot of effort in ....

Instead of a 75% loss, it would be between a ~30% loss and a 80+% profit depending on your electricity costs and if you get a coupon (plenty around). And feel free to reinvest every single mined satoshi if you think thats a good strategy.

edit: those who want to play with the numbers, here is the spreadsheet:

http://www.mediafire.com/view/xtovt74dln15iav/crytpx.ods

I don't know if your doing this on purpose or not but your not applying the reinvestment, you are also treating a share as a 15GH mining bond, it is not it is a share in the mining operation no matter what the TH/s is at any time.

I do like your spreadsheet though, if you correct it it would be interesting to see how it works out.

Neil

[MineForeman.com]

ohh.. Almost forgot, you need to add in the public offering funds of over 1000 BTC and the hashrate that involves.

Neil

[Puppet]

I don't know if your doing this on purpose or not but your not applying the reinvestment,

How much is the grand total of 0.0074BTC /share reinvestment going to earn? Its impossible to know for sure, but the latest IPO investment will generate less than 30% of the original investment as mining revenue. In those charts, I am counting future re-investment funds as if they will mine back 100% (without guessing when that will happen or what hashrate that would represent, nor what electricity costs would be), That,  if anything is probably extremely optimistic.  As I said earlier, if you think cryptx can do a (re)investment that earns substantially more than 100%, than that is what you want to invest in, not the current petamine shares that will not even break even if reinvestments achieve 500% ROI.

you are also treating a share as a 15GH mining bond, it is not it is a share in the mining operation no matter what the TH/s is at any time.

Doesnt change anything, see above. Yes, a cryptx share will in the future represent more than 15GH, but however much GH it represents, its never going to earn more than marginally above what I plotted, and in reality probably substantially less as those reinvestments will almost certainly again yield less than 100%.

[MineForeman.com]

................................... Doesnt change anything, see above.  .....................................

It is hundreds of bitcoins a month, how could it not make a difference?  I would really like to know, you have done a good job so far, you just need to finish it.

Neil

[Puppet]

It is hundreds of bitcoins a month, how could it not make a difference?  

Reread what I wrote, a few times if need be. IM not sure I can explain it any better. The 0.074BTC is the result of those reinvestments assuming they yield 100% (which they wont). Reinvestments are not paid out like dividends, yet Im adding that to the revenue.

[tsm13]

100 btc this month...difficulty goes up & hashrate stays the same...maybe 80 btc next month....difficulty goes up & hashrate stays the same maybe 60 btc following month and on and on and ariston

[Puppet]

100 btc this month...difficulty goes up & hashrate stays the same...maybe 80 btc next month....

No, zero this month. And zero next month. Share holders still have 670BTC to pay back.

[tsm13]

yeh hence i said hashrate stays the same...

[MineForeman.com]

100 btc this month...difficulty goes up & hashrate stays the same...maybe 80 btc next month....

No, zero this month. And zero next month. Share holders still have 670BTC to pay back.

So what is happening to the re-investment?  50% for re-investment, 50% for dividends (after payback and expenses or coarse, not counting the public offers).

If your saying that they are not re-investing, then yeah, I agree its a sinking ship, but that is not what they say is going on.  (One does wonder what they are doing with the re-investment funds though).

Neil

[BiteMyShinyMetalAss]

Its most likely new IPO after we finish paying loan, and another 1000BTC loan. So we will back in business. In fact, we wont even need an IPO, only just another loan to get cheap AM chips and use in house mande boards...

Puppet is right saying, that according to the given information it is a sinking ship. However, up until now Cryptx did a really good job for the success of this mine, why suddenly Cryptx would decide to dump this project?

[MineForeman.com]

why suddenly Cryptx would decide to dump this project?

That is what I am wondering, perhaps Puppet knows something that we don't but in my own mining I know re-investment is key and he seems to imply (as in misses it out of his equations) that they are not doing it or miss-managing it.

Neil

P>S> I am really learning heaps from this thread

[BiteMyShinyMetalAss]

Its another 5 weeks without actual "news" from Cryptx, so its possible to put the price down to as low as 0.03 by talking people out of it.
To be honest, they are right if nothing changes here, but we saw many times, that Cryptx works to ensure PETA succeed.

Why else, someone would dedicate so much time and effort without getting no return. This doesnt make sence.

[Aireun]

Its another 5 weeks without actual "news" from Cryptx, so its possible to put the price down to as low as 0.03 by talking people out of it.
To be honest, they are right if nothing changes here, but we saw many times, that Cryptx works to ensure PETA succeed.

Why else, someone would dedicate so much time and effort without getting no return. This doesnt make sence.

+1

Exactly!

[NotLambchop]

^That's exactly what all the Active Miners used to say.  Now their "shares" are worthless, going for ~0.2% of the issue price.
+1

Exactly!

[Aireun]

^
Pinhead. 

[Anotheranonlol]

That is what I am wondering, perhaps Puppet knows something that we don't but in my own mining I know re-investment is key and he seems to imply (as in misses it out of his equations) that they are not doing it or miss-managing it.

Neil

P>S> I am really learning heaps from this thread

I assure you, he knows much less about the future of this project than both the issuer and large shareholders. Both of which are in a better position to judge long term than majority talking here holding either a trivial amount or exactly 0 shares

I can't call the simulations, 1000's of word's he's put into disparaging the project and detailed chart he's took the time to produce  wrong because they are not and that would be disingenous. surely more effort than the average investor would of taken. the 'math is sound' just so say simply simulations are not reality.

We're not hearing the death rattles yet of size 50pt chopinscript and pinkie pie gifs yet, but there is a familiar and pungent scent of high functioning autism clogging up the pages recently. The lower shareprice gets the thicker the flow of annotated charts and various memes will come, it becomes a safer bet at that time to be on the opposite side of supporting, similar to how vultures swoop at the smell of death.  Perhaps it might get too overwhelming for some casual onlookers. Anyone is free to make their own decisions.