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

[NotLambchop]

...
And with that, I block you. As you pose no intelligence through conversation. Good day to you sir!

[crino]

It's funny to see when Cryptx posted at this forum, you look very serious and professional, always saying thanks to Cryptx. Now that he left the forum you look like you actually are, children.

[Benny1985]

...my experienced opinion.

You seem to be quite experienced:

"Taken from your references through trust level"

- Gigantic faggot with multiple alts. Easily butthurt when caught in a lie. Avoid.,
- Abuses the trust system by neg-repping users he disagrees with. Avoid.,
- An incompetent shill and an embarrasement to the scams he tries to pump.  
- Avoid., Issuer of HASH.  Brother of RENT issuer, Branny.  Following in his brother's footsteps by selling worthless shares in a Hong Kong shell.


Edit:

And with that, I block you. As you pose no intelligence through conversation. Good day to you sir!

And in the case of our security, spread so much FUD its hard for anyone to get a reasonable picture of our enterprise. I feel bad for PETA, because this guy likely hits stocks with FUD, then buys cheap to resell.

[NotLambchop]

Benny, you can't possibly be as clueless as you pretend to be.  The price of your [Nth]PO is set @ .0022, where it will stay for another month--until your [Nth]PO ends.
Nothing I could possibly do will affect that price, not for another month.
That said:

1.  No one wants what you're selling.  Today's total sales are exactly 21 sharez, or .506 BTC.
2.  Wouldn't touch it at *any* price, since what you are selling is shares in NOTHING.  Or, to be more exact, in BIG TRENDS CAPITAL INVESTMENT LIMITED, which is run by this d00d, John Kenton Freeman:
 

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic...

OIC, ty.  You may have missed my question from the last page, quoted below:

,,,
Now when will the gentleman be posting an acknowledgement of his name being used to promote unregistered securities?

Also, doing a search for "John Kenton Freeman" gives only your [edit]prospectus HK company registration[/edit] and some old arrest records--nothing else.  Is this the same Mr. Freeman?


*edited

Keep threadstalkin, gives you the exposure you crave and deserve

[pumawolf]

any one know how to do the math on  , at what price does btc have to drop to  ,to have 0.00 divdends. a rough estimate will work too.

Your question doesn't make sense.  Dividends are not a function of BTC price.

You probably are asking what difficulty.   I don't know, but you can probably figure that double the difficulty is 1/2 the dividend.  So if the dividend is ~1000 satoshis would be less ~ 0 after 11 doublings.   So 140 PH/s * 2048 ==> ~ 280 EH/s.   (1000 PH/s = 1 EH/s)

  i meant  , if btc drops too low  , the  coins mine would  not be able to cover the hosting/power cost or what not. im assuming they trade the coins in for cash to pay the upkeep.  what price would it have to fall to   make the dividends be at zero.

[nwfella]

any one know how to do the math on  , at what price does btc have to drop to  ,to have 0.00 divdends. a rough estimate will work too.

Your question doesn't make sense.  Dividends are not a function of BTC price.

You probably are asking what difficulty.   I don't know, but you can probably figure that double the difficulty is 1/2 the dividend.  So if the dividend is ~1000 satoshis would be less ~ 0 after 11 doublings.   So 140 PH/s * 2048 ==> ~ 280 EH/s.   (1000 PH/s = 1 EH/s)

  i meant  , if btc drops too low  , the  coins mine would  not be able to cover the hosting/power cost or what not. im assuming they trade the coins in for cash to pay the upkeep.  what price would it have to fall to   make the dividends be at zero.

My guess is it wouldn't have to be quite as much as people think.  Somewhere around $325-350ish range would be my guess.  Based on a rough guesses as to the power consumption for the hardware he's running and it's efficiency.  Since his hosting and electric fee's will continue to be the same from here on out it appears :/

[oma5]

any one know how to do the math on  , at what price does btc have to drop to  ,to have 0.00 divdends. a rough estimate will work too.

Your question doesn't make sense.  Dividends are not a function of BTC price.

You probably are asking what difficulty.   I don't know, but you can probably figure that double the difficulty is 1/2 the dividend.  So if the dividend is ~1000 satoshis would be less ~ 0 after 11 doublings.   So 140 PH/s * 2048 ==> ~ 280 EH/s.   (1000 PH/s = 1 EH/s)

  i meant  , if btc drops too low  , the  coins mine would  not be able to cover the hosting/power cost or what not. im assuming they trade the coins in for cash to pay the upkeep.  what price would it have to fall to   make the dividends be at zero.

My guess is it wouldn't have to be quite as much as people think.  Somewhere around $325-350ish range would be my guess.  Based on a rough guesses as to the power consumption for the hardware he's running and it's efficiency.  Since his hosting and electric fee's will continue to be the same from here on out it appears :/

So, with all these fixed costs, at some point we'll have to shut down the mine until the bitcoin price makes it profitable again! I wonder if that will be sooner rather than later!

[nwfella]

any one know how to do the math on  , at what price does btc have to drop to  ,to have 0.00 divdends. a rough estimate will work too.

Your question doesn't make sense.  Dividends are not a function of BTC price.

You probably are asking what difficulty.   I don't know, but you can probably figure that double the difficulty is 1/2 the dividend.  So if the dividend is ~1000 satoshis would be less ~ 0 after 11 doublings.   So 140 PH/s * 2048 ==> ~ 280 EH/s.   (1000 PH/s = 1 EH/s)

  i meant  , if btc drops too low  , the  coins mine would  not be able to cover the hosting/power cost or what not. im assuming they trade the coins in for cash to pay the upkeep.  what price would it have to fall to   make the dividends be at zero.

My guess is it wouldn't have to be quite as much as people think.  Somewhere around $325-350ish range would be my guess.  Based on a rough guesses as to the power consumption for the hardware he's running and it's efficiency.  Since his hosting and electric fee's will continue to be the same from here on out it appears :/

So, with all these fixed costs, at some point we'll have to shut down the mine until the bitcoin price makes it profitable again! I wonder if that will be sooner rather than later!

I really doubt it will ever get that low but who really knows.  With all the negative stuff (gox, bitlicense, scammy securite operations) along with all the good (wider acceptance, btc atm's, vendor adoption, etc.) it's hard to tell whether bitcoin might actually drop that low again.  I suppose it's possible but I'm still hoping unlikely at this point.  Regarding Cryptx shutting down, naw, he will simply pawn off his less efficient hardware by then to some other unsuspecting suckers that haven't run the #'s and then buy newer and more efficient gear with it (I presume).  Worse comes to worse hell he can just run another IPO (yeah, this is sarcasm but I wouldn't be surprised if something like this did happen).  Not much would surprise me in this crypto security game at this point :/

[nreal]

How long does it take to take the step from ghash to p2pool, earnings are so low with this that it cant be nothing else but lazy mans job.
If 50% is dead shares that peta gets then we are near what we ought to be.

Try to think, we woted for p2pool, so go ahead. please

[nreal]

As i have said many times before, dont count your errors - count your shares.
That is what you have to do with p2pool.
It cant be that difficult to move from ghash to p2pool.

My earningss with p2pool are awesome - last week its been like 1000 gh with 580 gh.

Count your shares, not the rejects because you dont get paid for those and we all have it. rejected and orphan abd dead. Not so many dead lately...

[nreal]

I think we should add another wote, if we stay with current settings or go ahead and take our chanses. Before we can take it so far we all need to know how bad is this hardware we are mining with.

[nwfella]

How long does it take to take the step from ghash to p2pool, earnings are so low with this that it cant be nothing else but lazy mans job.
If 50% is dead shares that peta gets then we are near what we ought to be.

Try to think, we woted for p2pool, so go ahead. please

This fella raises a really good point.  I know there was some sort of issue with getting the unit(s) reconfigured to work with p2pool requiring some sort of patch job but I thought one of the other shareholders already turned them onto the fix sometime ago.  Also curious as to the status of this.

[Aireun]

Agreed, we need some communication. Many of us should write to cryptx and request an update. If not a weekly one then at least a monthly.

Edit:

I have sent them an email requesting at a minimum monthly updates on the projects status. Anyone who has the time and is willing please email them and request the same.

[crino]

Agreed, we need some communication. Many of us should write to cryptx and request an update. If not a weekly one then at least a monthly.

Edit:

I have sent them an email requesting at a minimum monthly updates on the projects status. Anyone who has the time and is willing please email them and request the same.

Done.

[jimmothy]

Is petamine having all their HW hosted by bitfury now?

[dhenson]

Is petamine having all their HW hosted by bitfury now?

What would make you come to that conclusion?

[jimmothy]

Bert Valkenborgs, CEO of CryptX: “Professional hosted mining operations are the future of this market. CryptX operates in this space and has chosen BitFury’s hosted mining services for its project ‘PetaMine.’ We have worked together with BitFury on several occasions and we are very pleased with this business relationship.”

http://venturebeat.com/2014/07/30/bitfury-announces-hosted-mining-services/

[Aireun]

Bert Valkenborgs, CEO of CryptX: “Professional hosted mining operations are the future of this market. CryptX operates in this space and has chosen BitFury’s hosted mining services for its project ‘PetaMine.’ We have worked together with BitFury on several occasions and we are very pleased with this business relationship.”

http://venturebeat.com/2014/07/30/bitfury-announces-hosted-mining-services/

Hard to say... if you don't mind pop cryptx an email requesting an update. Hopefully with enough emails entailing this request we can find out whats going on. A good update and something to look forward to surely would boost the share price... well, that and an increase in bitcoin itself lol. Regardless, if you get a chance (if you haven't already) send them that email.

[Pentax]

Bert Valkenborgs, CEO of CryptX: “Professional hosted mining operations are the future of this market. CryptX operates in this space and has chosen BitFury’s hosted mining services for its project ‘PetaMine.’ We have worked together with BitFury on several occasions and we are very pleased with this business relationship.”

http://venturebeat.com/2014/07/30/bitfury-announces-hosted-mining-services/

well, that's interesting.  hopefully they'll pop off an update.

obviously it opens a whole nuther can of worms, but I'll see what this is all about before speculating. 

[dhenson]

My guess would be that PETA is bumping up against their capacity limit at their physical location and is choosing to host additional hash power with bitfury so that they can release more shares @ 1gh/share (non-diluted).  As long as the PETA share price remains > hardware + hosting, why wouldn't they?

That, or they are already hosting with bitfury and are making profit off of the difference between what they charge us for the 'management fee' and what they pay bitfury for hosting.