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

[ThomasCrowne]

So would it be worth it for me to buy about 3.5BTC worth of this asset for long term?  Estimating it would get me around 81 shares at current prices.  Are these a good buy at present?

[Collider]

So, will we be mining on p2pool soon?

What is the result of the survey?

The unit price is more than fair at this point, for 1,6$ per GH for hosted hardware...

[Puppet]

The unit price is more than fair at this point, for 1,6$ per GH for hosted hardware...

Not hosted. That price doesnt include the skyhigh hosting fees (70+ BTC per week) . It doesnt include the ~540BTC  loan which means  this security only pays out half of its mining revenue, the other half goes to pay off the loan, quite possibly forever.  So its more like $3.2 per GH and that price excludes mandatory and excessive hosting fees. One hell of deal  

[BiteMyShinyMetalAss]

Lol honestly at the start I used to come in here seeing puppets posts thinking what a tool. He's starts throwing numbers out there, I gtfo at and average of 0.074. Happy with that since I bought at 0.05. But honestly looking at these posts puppet you are a fucking machine lol the amount of effort you put into the research is impeccable and commendable in itself to think this bloke must have the biggest vendetta against cryptx god knows why. It's like u woke up one morning popped up and said, I'm going to destroy this security. And you really have succeeded. You're an animal lol

Agree, i did the same as you.
Also, scrypt is left alone. I think puppet should go there too...

[naaktslak]

why is the price halved  will it ever go up?

[Puppet]

Agree, i did the same as you.
Also, scrypt is left alone. I think puppet should go there too...

I am getting lots of questions about scryptx. The simple reality is that I am not following the alt coin scene at all, so I do not have an informed opinion.  
In general the same principles will apply, but given how new scrypt asic market is, I cant say there wont be opportunities at some point, and saving coins to wait for such an opportunity makes sense, even if I doubt there will be one or that cryptx will find it. The value of those alt coins themselves is another topic I wont get in to here, other than saying Id think twice to spend BTC to buy an altcoin revenue source.

Anyway, scryptx may be a bad investment, but at least its not a mathematically certain disaster like petamine is.

[blizeH]

So Puppet, I'm curious, what in your opinion is a good investment? Crypto related or otherwise.

[NotLambchop]

Dear Hodlers!
This is your painful predicament, depicted by the one who started the Hodler craze--a man shaped by loss and faith in symmetry, Ferdinand Hodler.
The angels watching over you are his wife, Augustine.
Yes, all of them.
She ded.
Leaving you in my capable (though reluctant) care.
Now please get dressed, no good will come of this...

[ChevaL]

Dear Hodlers!
This is your painful predicament, depicted by the one who started the Hodler craze--a man shaped by loss and faith in symmetry, Ferdinand Hodler.
The angels watching over you are his wife, Augustine.
Yes, all of them.
She ded.
Leaving you in my capable (though reluctant) care.
Now please get dressed, no good will come of this...

Time and time again, you assume that posting images makes you interesting.

[NotLambchop]

^
Thanks for making your thoughts known, Mr. Ed!



"I... have so much strength inside of me that you guys don't even KNOW what I could do.
If the world refuses to love me then I will teach it to FEAR ME INSTEAD!!1!"--SB

[EdoBcn]

Anyway, scryptx may be a bad investment, but at least its not a mathematically certain disaster like petamine is.

Thanks,
some figures as I am actually invested there:

Overall Hosting rate of 6.54% of the mined total.


Total mined: 221.88 btc
Hosting: 14.51 btc
Reinvestment: 124.42 btc
Dividends until now: 82.95 btc

Dividend rate ~stable at 36/37% of mined (or ~1.5% of current value).

All variables of PETA applies here, with on top of those also the exchange rate of Altcoins into BTC...
So, everything and the opposite of everything can still happen.

Date                   Dividend
16/05/2014   0,000572957
23/05/2014   0,000576377
30/05/2014   0,000539549
06/06/2014   0,000408045
13/06/2014   0,000344046
20/06/2014   0,000376753

[Puppet]

So Puppet, I'm curious, what in your opinion is a good investment? Crypto related or otherwise.

I consider Bitcoin itself a risky but potentially very lucrative investment that makes sense.

Im not aware of any bitcoin investments that Id call good. And that should surprise no one, there are millions of bitcoins in wallets with owners looking to grow their stash and willing to invest in anything that moves, and there is precious little available for the public to invest in. That alone drives up prices, creates bubbles, with no way to short sell them to deflate the bubbles and should make you think twice.

Here  is the kicker though, no matter how wise everyone would invest, the bitcoin economy does not create more bitcoins, other than the ones that are mined, and those are mined anyhow. So it should be clear that on average, no one wins. The overall gain is in the increase of the value of the bitcoins themselves.  Add to that the fact that a large portion of these "investment opportunities" are plain scams, and therefore profitable for the scammer, and its mathematical certainty that the average investor will make a BTC denominated loss. This is very different from the fiat economy, where new money is actually created through good investments, and the loss is the  devaluation of the currency for everyone who keeps theirs under their mattress.

TL:DR: invest your fiat in whatever fiat denominated asset you think makes sense or invest in bitcoins that you keep in cold storage. Trying to do both by investing in bitcoin securities, generally is stupid. Just ask yourself: where would your BTC denominated profit come from? Who is paying for it? Unlike fiat, bitcoins can not be created from thin air and your profit is not gonna come from my cold wallet either.

[Puppet]

Looks like 110.7 BTC for dividends or 0,00141 per share.  

https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

Next week looks like ~80-90BTC or ~0,0011 per share. Free fall speed would be too mild a term.

[NotLambchop]

Anyone here good at TA?

[ChevaL]

Anyone here good at TA?

Bubble incoming

[Puppet]

Incoming? Lol, it hasnt even properly burst yet.

Cryptx investor checks latest dividend:

[nwfella]

Dividend: 0.00142891BTC/unit

Ha...ole puppet was off by at least a good 1000 satoshi's!!  Somehow not making me feel all that much better.  Guess we'll see shortly if cryptx steps in with some sort of ground-breaking news...otherwise I think the long-term viability of this asset is pretty much shot.

[crino]

June 27th, 2014 - Details about this week’s dividend payout:
294.78042778 BTC in total from mining and converted NMC’s

- 110.72919694 BTC as dividend (0.00142891 BTC/share)
- 110.72919694 BTC as payment for hardware (427.621621 BTC remaining)
- 73.32203390 BTC as hosting fee

More info about the vote to p2pool will follow soon.

[Puppet]

if cryptx steps in with some sort of ground-breaking news...

Like what.. Cryptx announce it will hardfork bitcoin and ignore difficulty from now on so investors can be made whole in crytpxcoins?

But hey, not all is lost, next difficulty adjustment estimate is sliding again. Right now its "only" 16,840,874,267 (+25.09%). At that difficulty you will mine 240 BTC per week, good for (240-73) /2 = 83.5 BTC per week or 0,001077 per share. Thats way up from my previous 0,001000 estimate (even if still way below what I used in my simulations)

[ChevaL]

Incoming? Lol, it hasnt even properly burst yet.

Cryptx investor checks latest dividend:

I was kidding.

Puppet, while I don't like your ''bully'' approach, I appreciate all the feedback / TAs you provided.
I managed to turn this mess into a profit and I feel that while you may be slightly annoying at times, you contributed to my success.

Have a nice weekend ++