Puppet
Legendary
 Offline
Activity: 980
Merit: 1040
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June 23, 2014, 08:35:00 PM |
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If it did reflect value, it would be at about .02 at the highest.
The current price reflects that somehow this security is going to become profitable in the long term. The mine hash speed has to get ahead of the bitcoin network hash curve... I just don't see how that can be achieved. Someone please step in and show me some numbers. I can take being wrong, but I just don't see it. The amount of risk in PETA is astronomical.
The only answer is drastically lower hosting costs and access to mining hardware at cost.
Hey newbie, stop making sense. Its not appreciated around here.  |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Ashitank
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June 23, 2014, 09:09:14 PM |
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Looks like price is going to stabilize in 0.04 to 0.05 range as lots of people picked-up shares at these prices. People hurt from previous panic sell are trying to get out but now is not the right time any more , not till next Friday divs at least.
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hephaist0s
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June 23, 2014, 09:27:47 PM |
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This thread should be shut down, as it no longer serves any purpose. I come to this thread for information, but there isn't any here anymore. CryptX has made it clear that they'll communicate with shareholders through Havelock, and that has consistently been once a week, every Friday, for a while now. Updates here are just copies of the Havelock updates. Everything else is just speculation, and should be in the speculation thread here. |
Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9 |
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helon33
Newbie
Offline
Activity: 2
Merit: 0
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June 23, 2014, 09:50:45 PM |
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Looks like price is going to stabilize in 0.04 to 0.05 range as lots of people picked-up shares at these prices. People hurt from previous panic sell are trying to get out but now is not the right time any more , not till next Friday divs at least.
Wrong. The price is going to drop below 0.02. The new DataTank technology is going to render PETA and many other mining operations unprofitable. Everybody is trying to get rid of PETA shares in order to get out and save some bitcoins for investing in DTMA when it is going to be availiable in a few days. |
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ChevaL
Member
Offline
Activity: 71
Merit: 10
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June 23, 2014, 10:06:31 PM |
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Looks like price is going to stabilize in 0.04 to 0.05 range as lots of people picked-up shares at these prices. People hurt from previous panic sell are trying to get out but now is not the right time any more , not till next Friday divs at least.
Wrong. The price is going to drop below 0.02. The new DataTank technology is going to render PETA and many other mining operations unprofitable. Everybody is trying to get rid of PETA shares in order to get out and save some bitcoins for investing in DTMA when it is going to be availiable in a few days. You should save these good lines for later, you will need them. |
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Anotheranonlol
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June 23, 2014, 10:24:23 PM |
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 Someone trying to accumulate, or someone who doesn't know how to trade, what's the verdict  ? |
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MonkeyBear68
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June 23, 2014, 10:27:27 PM |
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Looks like price is going to stabilize in 0.04 to 0.05 range as lots of people picked-up shares at these prices. People hurt from previous panic sell are trying to get out but now is not the right time any more , not till next Friday divs at least.
Wrong. The price is going to drop below 0.02. The new DataTank technology is going to render PETA and many other mining operations unprofitable. Everybody is trying to get rid of PETA shares in order to get out and save some bitcoins for investing in DTMA when it is going to be availiable in a few days. Actually you are WRONG as well. Bitcoin miners will themselves render Bitcoin mining unprofitable or just marginally profitable. Last December PETA was looked at the same way. The mine was to start in mid-January and everyone should have had their shares paid for in full just by dividends alone at this point. I am happy with the performance of the mine and I think Cryptx is doing an excellent job given that manufacturing delays are out of his control. It will be the same with every mining technology that is the next greatest thing to come out. There are many problems that can occur with immersive cooling in addition to manufactures delays for the chips themselves. Hash power will continue to go up. DTMA has a timeframe of 3 to 6 months to get started. I would rather have 3 to 6 months of dividends from PETA, a currently proven successful mine, than a 3 to 6 month wait on something unproven. Bitcoin mining has become like a dog chasing its tail. You can bet that as long as there are large margins that more miners will start up until the margins are gone. BTC mining as a whole currently sucks back 120 Megawatts of power. If the rates of increase continue by the time of next block reward halving it will consume the output of a Nuclear plant. In four years it would grow at a rate that would require a Nuclear plant to be built every month; just to supply power for BTC mining. Areas with cheap power will attract huge mining farms, until those very BTC farms begin causing shortages in those areas and the government begins enacting legislation to stop such activities or at least tax them for being wasteful. I will probably pick up a few shares of DTMA myself, but I do not blindly believe it will be the end-point in mining. |
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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June 23, 2014, 11:10:33 PM |
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Someone trying to accumulate, or someone who doesn't know how to trade, what's the verdict ? LOL. How do you accumulate through asks ?  |
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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June 23, 2014, 11:16:03 PM |
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Looks like price is going to stabilize in 0.04 to 0.05 range as lots of people picked-up shares at these prices.
"Lots of people", volume is still very very low. Most shareholders will only see the light after a few more plummeting dividends, as they seem immune to math or reason. Check back in a month or so. |
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Anotheranonlol
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June 23, 2014, 11:22:42 PM |
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Someone trying to accumulate, or someone who doesn't know how to trade, what's the verdict ? LOL. How do you accumulate through asks ? LOL. you set them up in batches from 0.6 to 0.4 and watch them get undercut. take a guess what happens when the ask/bid spread thins out |
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nwfella
Legendary
Offline
Activity: 1582
Merit: 1000
Well hello there!
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June 23, 2014, 11:29:58 PM |
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Petamine Stats page indicating ~1195 TH/s on the daily rate.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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hephaist0s
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June 23, 2014, 11:53:44 PM |
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Looks like price is going to stabilize in 0.04 to 0.05 range as lots of people picked-up shares at these prices.
"Lots of people", volume is still very very low. Most shareholders will only see the light after a few more plummeting dividends, as they seem immune to math or reason. Check back in a month or so. A few more? When was there a "plummeting dividend"? Why would anyone listen to an account actually named "puppet"? |
Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9 |
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Seretonin
Newbie
Offline
Activity: 27
Merit: 0
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June 24, 2014, 12:38:16 AM |
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Petamine Stats page indicating ~1195 TH/s on the daily rate.
What happened to the hash rate hitting 1500 TH/s? |
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jonsi
Legendary
Offline
Activity: 1397
Merit: 1019
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June 24, 2014, 12:41:08 AM |
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Petamine Stats page indicating ~1195 TH/s on the daily rate.
What happened to the hash rate hitting 1500 TH/s? It's becoming harder and harder to find people willing to give you 0.095 btc for something that's worth... well nevermind, I'm sure you'll figure it out. |
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aatt44zz
Newbie
Offline
Activity: 4
Merit: 0
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June 24, 2014, 12:58:28 AM |
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Looks like price is going to stabilize in 0.04 to 0.05 range as lots of people picked-up shares at these prices.
"Lots of people", volume is still very very low. Most shareholders will only see the light after a few more plummeting dividends, as they seem immune to math or reason. Check back in a month or so. A few more? When was there a "plummeting dividend"? Why would anyone listen to an account actually named "puppet"? What do you think your dividend per share will be in November? Your cumulative dividend balance? The reinvestment fund balance? If you don't know the answer to these questions, the semi is coming down the highway and you are having a staring contest with its headlights. |
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MonkeyBear68
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June 24, 2014, 01:47:24 AM |
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Lots of emotional trading going on today. It will be interesting to see how high the dividend can go before people realize what they are doing.  |
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cryptoconomist
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June 24, 2014, 07:36:41 AM |
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the only thing we can do is pray for the network to stabilized.
very disappointing with what happen since the second IPO.
some people bought at 0.095 3 weeks ago... looks unacceptable to me
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Swordsoffreedom
Legendary
Offline
Activity: 2758
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
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June 24, 2014, 07:42:03 AM |
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Lots of emotional trading going on today. It will be interesting to see how high the dividend can go before people realize what they are doing. True starting to wonder how much is a premium price and what is the fear price That said mining has is affected by difficulty as is growth anyways just a reminder the vote is due tomorrow probably beat 50% on that one 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. |
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EdoBcn
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June 24, 2014, 07:57:36 AM |
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if someone is interested in trading peta for scryptx, please pm me
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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June 24, 2014, 08:29:22 AM |
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the only thing we can do is pray for the network to stabilized. Rofl! Bitcoin Difficulty: 13,462,580,115 Estimated Next Difficulty: 17,078,736,583 (+26.86%) Roll out of asicminer, knc 20nm, and blackarrow has only just begun. BFL, antminer 28nm, next gen bitfury and next gen spondoolies have yet to start. some people bought at 0.095 3 weeks ago... looks unacceptable to me
These people got exactly what was promised to them. |
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