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

[rdyoung]

Well on our road to zero that's for sure.  Only going to get worse from here sadly.

Divs will obviously go down, since we are not reinvesting, but since we started with the daily divs, it has been:

2014-07-16 0.00001979
2014-07-15 0.00001684
2014-07-14 0.00002086
2014-07-13 0.00001704
2014-07-12 0.00001724

So today is up from yesterday and the 2nd highest div for 5 days.

Not quite sure why they went with the daily divs instead of the split with weekly payouts. It would have been easier on whoever is doing the accounting and the divs wouldn't be all over the place.

Its also time for cryptx to get their machines pointed at p2pool, 7day luck/141.4% 30 day luck/131.9% 90 day luck/106.2% p2pool.info
P2pool is finally back on the right side of the earnings variance. We are missing out on quite a bit of earnings atm. Did someone email cryptx how to get the bitfury hardware working on p2pool? Wasn't it a pretty simple fix?

[_biO_]

An update on P2POOL is definitely overdue.

[tragor]

Its also time for cryptx to get their machines pointed at p2pool, 7day luck/141.4% 30 day luck/131.9% 90 day luck/106.2% p2pool.info
P2pool is finally back on the right side of the earnings variance. We are missing out on quite a bit of earnings atm. Did someone email cryptx how to get the bitfury hardware working on p2pool? Wasn't it a pretty simple fix?

They must know about it by now. I'm guessing they want to be 100% sure about that fix before moving.
But yea, they should at least give everybody an update on the matter.

[nwfella]

Its also time for cryptx to get their machines pointed at p2pool, 7day luck/141.4% 30 day luck/131.9% 90 day luck/106.2% p2pool.info
P2pool is finally back on the right side of the earnings variance. We are missing out on quite a bit of earnings atm. Did someone email cryptx how to get the bitfury hardware working on p2pool? Wasn't it a pretty simple fix?

They must know about it by now. I'm guessing they want to be 100% sure about that fix before moving.
But yea, they should at least give everybody an update on the matter.

Agreed.  For chrissakes cryptx, just take a single freakin unit and verify the p2pool fix will work will ya?

*Also, what's the deal with all the IXC, DVC, and NMC that has been mined at ghash.io for these past several months?  Where those coins converted to BTC and reflected in dividends paid out or are they just sitting there on your ghash.io wallets? 

[rdyoung]

Its also time for cryptx to get their machines pointed at p2pool, 7day luck/141.4% 30 day luck/131.9% 90 day luck/106.2% p2pool.info
P2pool is finally back on the right side of the earnings variance. We are missing out on quite a bit of earnings atm. Did someone email cryptx how to get the bitfury hardware working on p2pool? Wasn't it a pretty simple fix?

They must know about it by now. I'm guessing they want to be 100% sure about that fix before moving.
But yea, they should at least give everybody an update on the matter.

Maybe we should start a survey on survey monkey asking them to finally update us to p2pool.

[ovdsm]

please advise if I get it correct how everything goes now - as there is no reinvestment into the equipment, PETA is getting more and more behind the difficulty. as a result, dividends are to decrease towards zero, until hosting fees will exceed the income.

as I get it, share price must crash at some point right before this happens.

how else can I see it apart from it will be and end of PETA?

[crino]

0.00002186 BTC/share today. Biggest dividend since daily payment.

[Swordsoffreedom]

please advise if I get it correct how everything goes now - as there is no reinvestment into the equipment, PETA is getting more and more behind the difficulty. as a result, dividends are to decrease towards zero, until hosting fees will exceed the income.

as I get it, share price must crash at some point right before this happens.

how else can I see it apart from it will be and end of PETA?

It will keep decreasing until the yield matches the expected network growth
That said peta is dynamic if they decide to reinvest at a later time it could easily impact the return.

[tragor]

please advise if I get it correct how everything goes now - as there is no reinvestment into the equipment, PETA is getting more and more behind the difficulty. as a result, dividends are to decrease towards zero, until hosting fees will exceed the income.
as I get it, share price must crash at some point right before this happens.
how else can I see it apart from it will be and end of PETA?

if they do nothing at all it's going to be the end, yes.
But I believe they never said they stopped all future upgrades, they only said they're no longer forcing all users to give 50% towards those upgrades. Basically what I got from the whole thing (it might be wrong) is that now users can decide how much they want to reinvest… by buying new shares. If everyone reinvests 0% of dividends then the whole thing stops.
On the other hand, they could decide to buy new hardware since the previous debt has been resolved, or start producing in-house hardware.
Basically if PETA dies it's bad for shareholders but it's also bad for CryptX, so someone at some point should do something.

Regarding today's dividends, they brought the expected weekly/oldShare dividend up to 0.00185596, which isn't too bad.

[IPO Magic]

... now users can decide how much they want to reinvest… by buying new shares.

Are you "reinvesting" half of your divs into sharez?  If so, are you buying those "shares" on Havelock?

...wait for it.... 

...how is your buying shares from other "investors" going to add any money to the (now nonexistent) reinvestment fund?

[tragor]

You're probably right, I'm pretty new to these kind of things and I fully admit it.
As I said in the last page, I only did an experiment buying 1 oldShare and adding a couple newShares after the split, I don't plan to keep them for the long run.

[IPO Magic]

Oh, sorry, should have recognised your name.  It's pretty simple:

When you buy a share during a public offering (IPO), most of the money goes to the issuer (cryptx).  Think of it as buying a car (share) through a broker who charges a small comission for his services (Havelock) from General Motors (cryptx).

When you eventually sell your GM car (share), GM (cryptx) makes no money from the sale.

Hope this helps, have fun.

[rdyoung]

please advise if I get it correct how everything goes now - as there is no reinvestment into the equipment, PETA is getting more and more behind the difficulty. as a result, dividends are to decrease towards zero, until hosting fees will exceed the income.

as I get it, share price must crash at some point right before this happens.

how else can I see it apart from it will be and end of PETA?

The same as other cloud hashing providers. Its in their interest to keep the mine profitable, that means that when faster/more efficient hardware is available they swap out the existing hardware, any excess hashrate from new hardware could either be added to current dividends or sold as a PO.

[_biO_]

New hardware will only be added through a new PO, which will hopefully happen alongside the transition to P2Pool. This way PetaMine can offer P2Pool hashrate at a far better price than cex.io offers ghash.io hashrate.

[pumawolf]

does the daily divdend include namecoin  , are they still mining that

[dhenson]

Oh, sorry, should have recognised your name.  It's pretty simple:

When you buy a share during a public offering (IPO), most of the money goes to the issuer (cryptx).  Think of it as buying a car (share) through a broker who charges a small comission for his services (Havelock) from General Motors (cryptx).

When you eventually sell your GM car (share), GM (cryptx) makes no money from the sale.

Hope this helps, have fun.

Puppet, why are you using this account to post on peta? Did you get your threads mixed up?

[crino]

[nwfella]

does the daily divdend include namecoin  , are they still mining that

As far as I'm aware they are indeed still mining priarily at ghash.io which means there are nmc, ixc, and dvc which have yet to be accounted for.  I've been asking for such an accounting for weeks now but thus far hasn't been addressed so far as I'm aware :/

[IPO Magic]

Oh, sorry, should have recognised your name.  It's pretty simple:

When you buy a share during a public offering (IPO), most of the money goes to the issuer (cryptx).  Think of it as buying a car (share) through a broker who charges a small comission for his services (Havelock) from General Motors (cryptx).

When you eventually sell your GM car (share), GM (cryptx) makes no money from the sale.

Hope this helps, have fun.

Puppet, why are you using this account to post on peta? Did you get your threads mixed up?

@dhenson:  



Take ur meds or no shiny new tinfoil hat 4U

[rdyoung]

does the daily divdend include namecoin  , are they still mining that

As far as I'm aware they are indeed still mining priarily at ghash.io which means there are nmc, ixc, and dvc which have yet to be accounted for.  I've been asking for such an accounting for weeks now but thus far hasn't been addressed so far as I'm aware :/

While I agree they should update us on how much dvc/ixc/nmc they have sitting in the account, dvc and ixc are such a small % bonus on top of btc that its likely better that they convert those on a monthly basis if not less often.
The amount of DVC and BTC mined by 1150ths.
Monthly 408196.2366 0.0490