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

[ponder]

how do you think is it still worth to invest in here a little or is it way too late ? 

Avoid this asset at all costs.  Far better out there with far less unscrupulous behavior.

I agree I was with Petamine a month or so ago for a short period and made a small profit but the payouts are so unpredictable its hard to calculate a good buy and sell point. There are so much better options out there even on havelock AMHASH is a much better play.

does petamine pay out weekly?

[DebitMe]

how do you think is it still worth to invest in here a little or is it way too late ? 

Avoid this asset at all costs.  Far better out there with far less unscrupulous behavior.

I agree I was with Petamine a month or so ago for a short period and made a small profit but the payouts are so unpredictable its hard to calculate a good buy and sell point. There are so much better options out there even on havelock AMHASH is a much better play.

does petamine pay out weekly?

No they pay out daily, its just at the point where costs are exceeding daily earnings and you are not seeing a payment made every day for that reason.

[ponder]

how do you think is it still worth to invest in here a little or is it way too late ? 

Avoid this asset at all costs.  Far better out there with far less unscrupulous behavior.

I agree I was with Petamine a month or so ago for a short period and made a small profit but the payouts are so unpredictable its hard to calculate a good buy and sell point. There are so much better options out there even on havelock AMHASH is a much better play.

does petamine pay out weekly?

No they pay out daily, its just at the point where costs are exceeding daily earnings and you are not seeing a payment made every day for that reason.

well if they were using ghash at 0.105 a gh per day, then you are not going to see anything, i noticed the price of the gh units were very good, but the history of payouts started getting less and less

[skuser]

If somebody foolishly thinks there will be some dividend this week he better forget it now, too little coins mined at too low exchange rate. In fact shareholders currently owe PETA about 14BTC (barely 10BTC/day mined per day, 12BTC/day needed to cover maintenance costs at USD320/BTC).

Isn't it time to sell hardware finally? 

[freedomno1]

If somebody foolishly thinks there will be some dividend this week he better forget it now, too little coins mined at too low exchange rate. In fact shareholders currently owe PETA about 14BTC (barely 10BTC/day mined per day, 12BTC/day needed to cover maintenance costs at USD320/BTC).

Isn't it time to sell hardware finally?  

I have not been checking on PETA in a long time
But decreasing difficulty and price
So by that logic now is as good a time as any to buy newer efficient hardware and sell the old batch while saving operation costs and units

[skuser]

If somebody foolishly thinks there will be some dividend this week he better forget it now, too little coins mined at too low exchange rate. In fact shareholders currently owe PETA about 14BTC (barely 10BTC/day mined per day, 12BTC/day needed to cover maintenance costs at USD320/BTC).

Isn't it time to sell hardware finally? 

Wow, ฿0.00000437 dividend? What is my lame analysis against Cryptx generosity? So basically he is investing 5BTC weekly from his pocket in order to keep this vehicle going on. I am giving up for now, I didn't know this is charity event 

[Puppet]

If somebody foolishly thinks there will be some dividend this week he better forget it now, too little coins mined at too low exchange rate. In fact shareholders currently owe PETA about 14BTC (barely 10BTC/day mined per day, 12BTC/day needed to cover maintenance costs at USD320/BTC).

Isn't it time to sell hardware finally? 

Wow, ฿0.00000437 dividend? What is my lame analysis against Cryptx generosity? So basically he is investing 5BTC weekly from his pocket in order to keep this vehicle going on. I am giving up for now, I didn't know this is charity event 

437 satoshi for the past week.. 62 satoshi per day.

1GH = 1275 satoshi per day.
$0.105/GH/month = ~1057 satoshi per day @331 (1167 @300)

Difference should yield 100-200+ satoshi's per day. Anyone keeping track of slush' pool luck?

[nreal]

Its weird that they moved from ghash to Slush, ghash has no fees and they got merged minting Now peta pays fees and no merged coins... And when everyone voted it was ~90% for p2pool and it was clear to move to it but no... it was a scam to get price moving and get alot p2pool users to get in.
Was there a voting for Slush?

Be carefull when investing on cloud services like peta or amhash.

"June 28th, 2014 - Dear unit holders.

These are the results of the survey. 68% of all unit holders have cast their vote:

- Yes, PetaMine should switch over to P2Pool – 96%
- No, PetaMine should stay with ghash.io – 3%
- No, Petamine should switch to another pool like Eligius or BTCGuild – 1%

The result is clear that a big majority of unit holders prefer a switch to p2pool. As we were performing additional tests the past week, we have to inform you that unfortunately the Bitfury systems are not compatible with p2pool. We are currently working on a solution for this and we will switch to p2pool as soon as we are able to fix this problem.

Team CryptX"

[tsm13]

who fat fingered or did I miss something?

[galdur]

Maybe they don´t realize that it pays .00001231 per week.

[pumawolf]

cant belive people are buying  at 6.  must be the rush of  novices that got scam from the other places.  this next diff jump might kill it? or do they get one more.

[newIndia]

cant belive people are buying  at 6.  must be the rush of  novices that got scam from the other places.  this next diff jump might kill it? or do they get one more.

https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]

https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty:   45,267,844,451 (+11.38%)
Adjust time:   After 1518 Blocks, About 9.6 days

[galdur]

They see this

฿0.00001231      

727.07%

which of course isn´t the correct annual yield.

Peta yields like 175 satoshi/day which if it´s maintained

makes it a buy at maybe .00020000 - being generous.

[skuser]

Agree, havelock should be held liable for providing false yield info on their page and thus misleading their customers. Peta will be over (if they don't lower maintenance fee) at next difficulty growth bigger than 9%, which seems to be already sure. I expect miracluos fees lowering right after diff change anyway :-)

[galdur]

Agree, havelock should be held liable for providing false yield info on their page and thus misleading their customers. Peta will be over (if they don't lower maintenance fee) at next difficulty growth bigger than 9%, which seems to be already sure. I expect miracluos fees lowering right after diff change anyway :-)

Yeah, it´s kind of misleading if people are too lazy to look up the dividends.

Here are the latest

Code:

Announcement Date	Payment Date	Amount (BTC/Unit)
2014-12-29	2014-12-29	0.00001231
2014-12-22	2014-12-22	0.00000437
2014-12-15	2014-12-15	0.00000348

https://www.havelockinvestments.com/fund.php?symbol=PETA

[skuser]

At USD 280 both Cex and Peta generate negative dividends. Wondering who will be the first to lower the maintenance fee

[nwfella]

At USD 280 both Cex and Peta generate negative dividends. Wondering who will be the first to lower the maintenance fee

Looks like Peta 'broke' first.  Most recent shareholder e-mail:
Dear Unit Holders,

Under current market conditions with low BTC rate and rising network difficulty, we have come to a point where mining revenue will no longer cover hosting costs. We would like to present 2 possible scenarios for which PETA unit holders can place their vote (see link below):

1) Liquidation of all assets of PetaMine, this means we will sell all hardware including underlying liabilities with suppliers to a third party. Current liabilities include energy contract until the end of May 2015, which can not be terminated prematurely. We estimate that this option would yield a one time dividend of 0.00025 BTC per unit (dependent on BTC rate and negotiations). After one time dividend payout, PETA will be delisted from the Havelock platform.

2) We continue with the current situation and dividends will be paid if mining revenue covers the hosting costs. This situation will only occur if BTC-rate increases sufficiently. Under current conditions, mining revenue does not cover hosting costs, incurred losses will be compensated from future hardware sale. If losses exceed the market value of the hardware, we remain the right to prematurely liquidate all assets to cover for these losses.

Option 1 is a more conservative scenario while option 2 is more speculative and will only yield value if BTC rate rises significantly and network hashrate remains stable.

Unit holders can place their vote until Wednesday, January 14th 2015, 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder.

Click the link below to place your vote:
https://www.surveymonkey.com/s/7DH52TS

*Obviously two highly unfavorable scenario's for shareholders.  At least CryptX and crew don't lose out on anything regardless of what BTC price does.  They will be sure to take theirs from subsequent hardware sale.  No lose scenario for CryptX (again)

[jawitech]

At USD 280 both Cex and Peta generate negative dividends. Wondering who will be the first to lower the maintenance fee

Looks like Peta 'broke' first.  Most recent shareholder e-mail:
Dear Unit Holders,

Under current market conditions with low BTC rate and rising network difficulty, we have come to a point where mining revenue will no longer cover hosting costs. We would like to present 2 possible scenarios for which PETA unit holders can place their vote (see link below):

1) Liquidation of all assets of PetaMine, this means we will sell all hardware including underlying liabilities with suppliers to a third party. Current liabilities include energy contract until the end of May 2015, which can not be terminated prematurely. We estimate that this option would yield a one time dividend of 0.00025 BTC per unit (dependent on BTC rate and negotiations). After one time dividend payout, PETA will be delisted from the Havelock platform.

2) We continue with the current situation and dividends will be paid if mining revenue covers the hosting costs. This situation will only occur if BTC-rate increases sufficiently. Under current conditions, mining revenue does not cover hosting costs, incurred losses will be compensated from future hardware sale. If losses exceed the market value of the hardware, we remain the right to prematurely liquidate all assets to cover for these losses.

Option 1 is a more conservative scenario while option 2 is more speculative and will only yield value if BTC rate rises significantly and network hashrate remains stable.

Unit holders can place their vote until Wednesday, January 14th 2015, 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder.

Click the link below to place your vote:
https://www.surveymonkey.com/s/7DH52TS

*Obviously two highly unfavorable scenario's for shareholders.  At least CryptX and crew don't lose out on anything regardless of what BTC price does.  They will be sure to take theirs from subsequent hardware sale.  No lose scenario for CryptX (again)

Thanks for sharing. I was just about to buy some, a few days ago. Glad I didn't.

[Puppet]

Current liabilities include energy contract until the end of May 2015, which can not be terminated prematurely.

Gee, who would have seen that coming?
Oh thats right, I did.

However, if I were a shareholder, Id demand to see some proof and numbers, it seems a little convenient the projected liquidation - contractual liabilities would end up pretty much exactly at current share price.

[nwfella]

My pleasure jawi

There really isn't even any guarantee CryptX will follow the people's will anyway.  I have a sneaking suspicion the "neverseen shadow investors" votes would far outweigh them :/

I feel bad for anybody that has anything to do with these guys.