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

[_biO_]

http://www.reddit.com/r/Bitcoin/comments/28o1c8/petamine_ready_to_switch_1150ths_to_p2pool/

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[NotLambchop]

Looks like the hosting cost is much lower this time around. Down to ~41 BTC from ~74 BTC previously?

~41?  Close.  "73.07432432 BTC as hosting fee"

[cryptoconomist]

Estimated Next Difficulty:   16,264,526,213 (+20.81%)

Peta Hashing increase Estimate (0%)

[vaguhs]

Estimated Next Difficulty:   16,264,526,213 (+20.81%)

Peta Hashing increase Estimate (0%)

Estimated FUD 100%

[_biO_]

Looks like the hosting cost is much lower this time around. Down to ~41 BTC from ~74 BTC previously?

~41?  Close.  "73.07432432 BTC as hosting fee"

Looks like they are expecting another 32 BTC from ghash then, because right now the petamine address has only 41 btc left.

[cryptoconomist]

Estimated Next Difficulty:   16,264,526,213 (+20.81%)

Peta Hashing increase Estimate (0%)

Estimated FUD 100%

That's no FUD I'm an early investor and I'm worry that my shares will mine 90% less very soon

the loan and reinvestment strategy is killing us

[MPalokaj]

Estimated Next Difficulty:   16,264,526,213 (+20.81%)

Peta Hashing increase Estimate (0%)

Estimated FUD 100%

That's no FUD I'm an early investor and I'm worry that my shares will mine 90% less very soon

the loan and reinvestment strategy is killing us

How do you deduce this is killing us? We nearly doubled dividends after the loan and during the reinvestment.

FUD would accurately describe what you are doing. Wanting to pick up some cheap shares of a very well paying project?

Early investor means nothing. I'm one too, yay.

[BiteMyShinyMetalAss]

Estimated Next Difficulty:   16,264,526,213 (+20.81%)

Peta Hashing increase Estimate (0%)

Estimated FUD 100%

That's no FUD I'm an early investor and I'm worry that my shares will mine 90% less very soon

the loan and reinvestment strategy is killing us

I was expecting Cryptx to announce about future plans. New IPO and loan. However, there might be no news until we finish paying the loan and hence its better option to short sell the shares.

[nwfella]

Got my e-mail notification of petamine dividend payout.  But havelock is down for me (of course).

Don't think I'll be picking up anymore shares atm.  But will be watching closely, still wanting to see this thing take off but starting to wonder if 50/50 was the right call as well.

[cryptoconomist]

Estimated Next Difficulty:   16,264,526,213 (+20.81%)

Peta Hashing increase Estimate (0%)

Estimated FUD 100%

That's no FUD I'm an early investor and I'm worry that my shares will mine 90% less very soon

the loan and reinvestment strategy is killing us

I was expecting Cryptx to announce about future plans. New IPO and loan. However, there might be no news until we finish paying the loan and hence its better option to short sell the shares.

I hear you but I don't want to sell my shares and put more pressure on the order book

We need to know about future plans, new IPO and loans ASAP

Difficulty is going over the moon and showing no sign of stabilizing

if it continues like that in just a month or two each shares will only reimburse hosting cost

Edit: we should go to 90/10 until we reimburse the loan

 

[cryptoconomist]

Estimated Next Difficulty:   16,264,526,213 (+20.81%)

Peta Hashing increase Estimate (0%)

Estimated FUD 100%

That's no FUD I'm an early investor and I'm worry that my shares will mine 90% less very soon

the loan and reinvestment strategy is killing us

How do you deduce this is killing us? We nearly doubled dividends after the loan and during the reinvestment.

FUD would accurately describe what you are doing. Wanting to pick up some cheap shares of a very well paying project?

Early investor means nothing. I'm one too, yay.

Muppet

[blizeH]

Is there anyway to automatically re-invest the dividend?

[altoidmintz]

June 20th, 2014 - Dear unit holders,

...

We announced to further examine and experiment with p2pool last week. We have set up our own p2pool node ( http://pool.petamine.co:9332/static/ ) and after several days of testing we can confirm that it is running stable and are ready to direct the entire PetaMine to p2pool.
Therefore we are issuing a vote whether or not to switch to p2pool. The vote will only be valid for current unit holders and held until Wednesday, June 25th 2014 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will direct our hashrate to p2pool.

Click the link below to place your vote:
https://nl.surveymonkey.com/s/5KVLXD3

Take a look at our public p2pool node (0% fee, so you are welcome to join):
http://pool.petamine.co:9332/static/

...

+1

[Puppet]

Essentially what (re)investing does is spending (mining revenue) on extra mining hardware and expecting that this time, the new hardware will provide > 100% ROI, even though the previous investments didnt and will never even come close.

"insanity is doing the same thing over and over again and expecting different results"
A. Einstein.

Borrowing money to invest in something that historically has never yielded a positive ROI is even more insane.

[dhenson]

Essentially what (re)investing does is spending (mining revenue) on extra mining hardware and expecting that this time, the new hardware will provide > 100% ROI, even though the previous investments didnt and will never even come close.

"insanity is doing the same thing over and over again and expecting different results"
A. Einstein.

Borrowing money to invest in something that historically has never yielded a positive ROI is even more insane.

Twice I have purchased mining equipment from KNC, acheived ROI+ and then sold the equipment for 2-3x overall profit.

I don't see how you can claim that mining has 'never yielded a positive ROI' when Avalon batch 1 was insanely profitable.  In fact, every batch 1 KNC purchase should have greatly exceeded ROI.

[y4m4aa]

"insanity is doing the same thing over and over again and expecting different results"
A. Einstein.

So that's basically what you are doing in this thread you still think people care for your opinion... But they don't and it won't change. So for god's sake leave this thread! Don't you have a life? Do something you like. You can't seriously tell me writing on a internet forum about a security you are not invested in is what makes you happy.
Or do you see yourself as some kind of hero if your predictions become true?

[vaguhs]

Hey mining is never profitable ! This is why the bitcoin network is down due to lack of hash!

[nwfella]

Hey mining is never profitable ! This is why the bitcoin network is down due to lack of hash!

apparently neither is investing in cryptx at this point.  no real buy support until 0.04722169

This really isn't looking too good imho.

[Puppet]

Twice I have purchased mining equipment from KNC, acheived ROI+ and then sold the equipment for 2-3x overall profit.

Early Jupiter preorders were 50-100BTC. Are you telling me you earned 2-3x that?

Besides, I was talking about mining securities. Ive not heard of any ever that achieved a positive ROI. Mining gear occasionally has, but very rarely btc denominated, and in fact only really first generation Avalon and KnC if you happened to order during the BTC bubble. The reason for that is that every other manufacturer was hugely delayed and both companies where about the only ones shipping, even though market prices reflected the expectation of many more companies, all of which customers got burned badly. We have around 10 companies shipping now, so thats never gonna happen again.

Anyway, enjoy your massive 2.5% weekly dividend for as long as it lasts:
Estimated Next Difficulty:   16,539,835,376 (+22.86%)

Network hashrate: 121PH.
Cryptx: 0.95%

[nwfella]

Just cast my vote for p2pool.  Let's get this party started.