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

[cryptoconomist]

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.

smartass

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[fonsie]

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. 

You're joking right?

It seems that people are using their brains and that's why the share price went down.

[blizeH]

I imagine the two of you spreading FUD won't have helped the share price.

What is your target buy in price fonsie/Puppet? Is it low enough now for you?

[fonsie]

I imagine the two of you spreading FUD won't have helped the share price.

What is your target buy in price fonsie/Puppet? Is it low enough now for you?

For me it would be 0.0000000...

[_biO_]

why?

[fonsie]

why what?

[bigdude]

Came back - share price has halved!

Can someone explain in just a couple of sentences what in the world has happened?? 

[nrnf]

Thank you puppet for your posts.
Did my own calculation and still sold for a Profit @ 0.071.

[spartan82]

Came back - share price has halved!

Can someone explain in just a couple of sentences what in the world has happened?? 

Puppet happened. With the new IPO came the Puppet prospectus. Some sold out, then everyone went "baaaaaaaaaaaaaaa" and followed suit.

[Stego]

Thanks to puppet, I sold my shares @0.075 2 weeks ago (at loss tho cause I was amongst those who bought @0.12...)

[spartan82]

Thanks to puppet, I sold my shares @0.075 2 weeks ago (at loss tho cause I was amongst those who bought @0.12...)

Ouchhhh!

[Puppet]

You guys are even more predictable than peta's share price. First you ridicule me, but when only a few weeks later some of my predictions (all of which glaringly obvious) begin to pan out, and as a logical consequence the share begins to  tank (we are nowhere near the bottom yet), you blame me for it. Exactly as predicted BTW.

[Puppet]

What is your target buy in price fonsie/Puppet? Is it low enough now for you?

Its not even close to low enough. Ive posted my most optimistic simulations that so far have vastly understated the network growth,  so you can easily conclude from that at what point I might begin to consider buying in. At least if it werent for the fact i made another prediction that will prevent me from buying in at any price.

For those not paying attention, I did my math based on 1%/day network growth with rapid deceleration. Reality is this;



1.5-2% per day and accelerating. For the math impaired, 1.5%^365=~23000%.

That may not last very long, but in the coming  ~8 weeks, peta will pay out more in dividends then it will for the rest of its existence, meager as those divs may be. As always with mining, the first few months are make or break, and in the case of peta its clearly "break".

Spot the trend:
https://blockchain.info/charts/balance?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

[HambreDave]

Thanks to puppet, I sold my shares @0.075 2 weeks ago (at loss tho cause I was amongst those who bought @0.12...)

Sooo... thanks to Puppet you lost money?

[Aireun]

[Puppet]

One more thing, particularly for newbies who intend to hold peta long term. This here is why I am not surprised by the current situation:



source and discussion:
https://bitcointalk.org/index.php?topic=295270.0

You can add 50% to those numbers because of the BTC price rise since I made that post, and <$1000/TH hardware has already been announced. Therefore, a 600+ PH bitcoin network is already a given, its just a matter of how fast we can get there. Im also quite confident the cost will drop far below that.

Now see how much peta mine would earn in that network. Hint: its a huge negative number.

[Aireun]

Tell me something puppet, what is your motive? If your so intelligent why do you spend countless time in this thread on the Peta Mine project. Shouldn't you be running numbers on investments outside of PETA and making your millions. Clearly you have deemed PETA 'a bad investment', so please enlighten me on your motive, I really do not understand what drive you to remain here.

[Puppet]

If I could have shorted assets like peta and all the previous mining securties, ponzi's and scams, yes Id be a multi bazillionnaire by now. But I cant. Nor does grade school math give any clues as to where bitcoin itself is headed, so I'll have to settle for the ~20000% ROI on my coins so far. Doesnt cost me any time, any effort, and so I have plenty of time to give a little back to the community and prevent at least some people from getting raped blind. Up to you if you want to take advantage of it.

[NotLambchop]

Came back - share price has halved!

Can someone explain in just a couple of sentences what in the world has happened??  

Puppet happened. With the new IPO came the Puppet prospectus. Some sold out, then everyone went "baaaaaaaaaaaaaaa" and followed suit.

You know what happens to intrepid little lambs who don't follow the heard, right?  Or did some kindly wolf tell you ur a lion?

@Aireun:  Stop blowing all your coin on ridiculous investings, and you too will soon have plenty of free time to devote to charity.

Don't:
Do:     

[Aireun]

If I could have shorted assets like peta and all the previous mining securties, ponzi's and scams, yes Id be a multi bazillionnaire by now. But I cant. Nor does grade school math give any clues as to where bitcoin itself is headed, so I'll have to settle for the ~20000% ROI on my coins so far. Doesnt cost me any time, any effort, and so I have plenty of time to give a little back to the community and prevent at least some people from getting raped blind. Up to you if you want to take advantage of it.

Puppet, your a smart guy, I get that. But the motive you state yourself with makes little sense. If you got a 20000% ROI on your coins, shouldn't you be living a happy ever after on some sort of Florida Keys beach, (or what ever suits your fancy) as well as built up some "hardened investments" outside of your coins to to bring profit for years to come. This Bitcoin Jesus complex your running on this forum for the betterment of others makes little sense. Not to mention there are better forms of charity giving then to bitcoin investors. To me you appear to be running a facade.

@notlambchop: I have a very impressive ROI pinhead, (not that it's any of your business) both in PETA and outside of it. You don't know me, nor what I do for a living. Don't talk to me about money you small brained simpleton.




To all those who remain on this forum.... don't. Do what cryptx has done and remove yourself from it, there are those with motive who wish you bend investments for their better gain. It's a shame that people can be so easily inclined to 'panic sell'. This holds true in many investments and big time wolfs take advantage of people like that. But that is the way of the stock market or in any investments holding shares, someone always has a price higher or lower than another, thats how profit is gained after all. Making panic sells is a profiting gain for many big investors looking to take advantage.