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

[Ashitank]

Wow , Fees on cryptostocks is crazy.

[1714856467]

1714856467

[1714856467]

1714856467

[cryptx]

Dividend payment of 300 BTC due in a few hours.

[frito]

So, based on the 10 x 2313 shares outstanding on btct + 11 new shares sold on cryptostocks, we can expect to see 300 / (23130+11) ~= 0.01296 btc dividends per share this friday?

Some bigger 'players' stepped in - new shares bought in batches of 2 or 3, even 4 thousands.
~43,000 shares sold now, dividend will be be around 0.007 ?

or perhaps more like 300/100000=.003 ?

The shares not sold to the public are still Held by Cryptx (formally paying dividends to themselves on about 40k stocks as of now  ).

[Ashitank]

So, based on the 10 x 2313 shares outstanding on btct + 11 new shares sold on cryptostocks, we can expect to see 300 / (23130+11) ~= 0.01296 btc dividends per share this friday?

Some bigger 'players' stepped in - new shares bought in batches of 2 or 3, even 4 thousands.
~43,000 shares sold now, dividend will be be around 0.007 ?

or perhaps more like 300/100000=.003 ?

The shares not sold to the public are still Held by Cryptx (formally paying dividends to themselves on about 40k stocks as of now  ).

Cryptex , Are dividends paid to only sold shares or all the issued shares ?

[cryptx]

So, based on the 10 x 2313 shares outstanding on btct + 11 new shares sold on cryptostocks, we can expect to see 300 / (23130+11) ~= 0.01296 btc dividends per share this friday?

Some bigger 'players' stepped in - new shares bought in batches of 2 or 3, even 4 thousands.
~43,000 shares sold now, dividend will be be around 0.007 ?

or perhaps more like 300/100000=.003 ?

The shares not sold to the public are still Held by Cryptx (formally paying dividends to themselves on about 40k stocks as of now  ).

Cryptex , Are dividends paid to only sold shares or all the issued shares ?

Dividends are paid to public (sold) shares only.

[ishkur]

So, based on the 10 x 2313 shares outstanding on btct + 11 new shares sold on cryptostocks, we can expect to see 300 / (23130+11) ~= 0.01296 btc dividends per share this friday?

Some bigger 'players' stepped in - new shares bought in batches of 2 or 3, even 4 thousands.
~43,000 shares sold now, dividend will be be around 0.007 ?

or perhaps more like 300/100000=.003 ?

The shares not sold to the public are still Held by Cryptx (formally paying dividends to themselves on about 40k stocks as of now  ).

Cryptex , Are dividends paid to only sold shares or all the issued shares ?

Dividends are paid to public (sold) shares only.

Do you have a deployment schedule?

[ishkur]

WOW

62k shares held now. 

[cryptx]

UPDATE 18/10/2013

First dividend paid 0.00474413 BTC or 7,3%

Next dividend will be paid on 25/10/2013

[frito]

So, based on the 10 x 2313 shares outstanding on btct + 11 new shares sold on cryptostocks, we can expect to see 300 / (23130+11) ~= 0.01296 btc dividends per share this friday?

Some bigger 'players' stepped in - new shares bought in batches of 2 or 3, even 4 thousands.
~43,000 shares sold now, dividend will be be around 0.007 ?

or perhaps more like 300/100000=.003 ?

The shares not sold to the public are still Held by Cryptx (formally paying dividends to themselves on about 40k stocks as of now  ).

Cryptex , Are dividends paid to only sold shares or all the issued shares ?

Dividends are paid to public (sold) shares only.

Ok, todays dividend was divided between 63236 stocks.

So we can expect further dilution of about 40% still to come.
Soon after that the dividends will be pennies due to the humongous difficulty.

The expected ROI will be more than HALF A YEAR I reckon.

It is better to stay in BTC rather than buying overpriced stocks(or mining rigs).

[moses]

as long as the price of the stock doesn´t change I am basically staying in BTC and still getting dividends. today we got 7%!
of course we can speculate if the price is going to stay at 0.065, but if there are weekly dividends of 7% or even 5% being paid it sounds like a good deal. or am i missing something? i haven´t really been following this, so please let me know if there´s reason not to expect these dividends.

[ishkur]

So, based on the 10 x 2313 shares outstanding on btct + 11 new shares sold on cryptostocks, we can expect to see 300 / (23130+11) ~= 0.01296 btc dividends per share this friday?

Some bigger 'players' stepped in - new shares bought in batches of 2 or 3, even 4 thousands.
~43,000 shares sold now, dividend will be be around 0.007 ?

or perhaps more like 300/100000=.003 ?

The shares not sold to the public are still Held by Cryptx (formally paying dividends to themselves on about 40k stocks as of now  ).

Cryptex , Are dividends paid to only sold shares or all the issued shares ?

Dividends are paid to public (sold) shares only.

Ok, todays dividend was divided between 63236 stocks.

So we can expect further dilution of about 40% still to come.
Soon after that the dividends will be pennies due to the humongous difficulty.

The expected ROI will be more than HALF A YEAR I reckon.

It is better to stay in BTC rather than buying overpriced stocks(or mining rigs).

are you basing this on peta's current hashrate?

[cryptx]

Ok, todays dividend was divided between 63236 stocks.

So we can expect further dilution of about 40% still to come.
Soon after that the dividends will be pennies due to the humongous difficulty.

The expected ROI will be more than HALF A YEAR I reckon.

It is better to stay in BTC rather than buying overpriced stocks(or mining rigs).

Remember we are going to deploy an extra 1 GH/share in December. This means an extra 100 TH/s (in case all shares are sold).

[moses]

hey cryptx is kim schmitz involved in your business?

[Rannasha]

as long as the price of the stock doesn´t change I am basically staying in BTC and still getting dividends. today we got 7%!
of course we can speculate if the price is going to stay at 0.065, but if there are weekly dividends of 7% or even 5% being paid it sounds like a good deal. or am i missing something? i haven´t really been following this, so please let me know if there´s reason not to expect these dividends.

The price of a mining-stock is proportional to the expected payouts. As dividends are paid out and the difficulty rises, stock price goes down. Unless the company is able to keep its share of the bitcoin network hashrate constant (or increasing), stock price will go down. The decline of the stock price is something that you should definitely factor in when assessing the viability of an investment. History tells us that mining stocks so far have been a net loss for investors.

I don't know enough about PETA-MINE to say whether this will be the case here, but the mining business is highly competitive with many people willing to operate at a loss, so beware.

[forensick]

as long as the price of the stock doesn´t change I am basically staying in BTC and still getting dividends. today we got 7%!
of course we can speculate if the price is going to stay at 0.065, but if there are weekly dividends of 7% or even 5% being paid it sounds like a good deal. or am i missing something? i haven´t really been following this, so please let me know if there´s reason not to expect these dividends.

The price of a mining-stock is proportional to the expected payouts. As dividends are paid out and the difficulty rises, stock price goes down. Unless the company is able to keep its share of the bitcoin network hashrate constant (or increasing), stock price will go down. The decline of the stock price is something that you should definitely factor in when assessing the viability of an investment. History tells us that mining stocks so far have been a net loss for investors.

I don't know enough about PETA-MINE to say whether this will be the case here, but the mining business is highly competitive with many people willing to operate at a loss, so beware.

Loss in bitcoin is highly probable, but it could be some profit in fiats

[frito]

So, based on the 10 x 2313 shares outstanding on btct + 11 new shares sold on cryptostocks, we can expect to see 300 / (23130+11) ~= 0.01296 btc dividends per share this friday?

Some bigger 'players' stepped in - new shares bought in batches of 2 or 3, even 4 thousands.
~43,000 shares sold now, dividend will be be around 0.007 ?

or perhaps more like 300/100000=.003 ?

The shares not sold to the public are still Held by Cryptx (formally paying dividends to themselves on about 40k stocks as of now  ).

Cryptex , Are dividends paid to only sold shares or all the issued shares ?

Dividends are paid to public (sold) shares only.

Ok, todays dividend was divided between 63236 stocks.

So we can expect further dilution of about 40% still to come.
Soon after that the dividends will be pennies due to the humongous difficulty.

The expected ROI will be more than HALF A YEAR I reckon.

It is better to stay in BTC rather than buying overpriced stocks(or mining rigs).

are you basing this on peta's current hashrate?

To answer your question:

Oct 18 2013
We got today 0.00474B @  difficulty of 2.6e8

December 2013
We will have difficulty of about 1e9 (almost 4x todays!; yea  one billion)
That implies 0.00474B/4=.001185B
Cryptx says they double GH/s/share in Nov
so we'll get about 2x.001185B =0.00237B

May 2014
difficulty of about 4.2e9 (four billion i.e. 16 time today's)
we should get about  0.00237B/16=0.0001481B

if all stocks are sold the dividend in May should about 0.00009B WOW!!

and so on ...................... inverse exponentially


I probably misscalculated so I would like to ask Cryptox rep. to comment and school us.
thx

[moses]

hey cryptx is kim schmitz involved in your business?

ok some more info... kim schmitz advertised PETA-MINE in a bitcoin group on facebook. profile seems legit https://www.facebook.com/kim.schmitz.9803

[cryptx]

December 2013

Cryptx says they double GH/s/share in Nov

I do not understand where you got these figures...

You can find accurate info here: http://www.cryptx.com/peta-mine/

In short:

One share represents 1 GH/s and will be deployed in December. If 100,000 shares are sold we will deploy 100 TH/s. (currently 63,496)

CryptX added an extra 20 TH/s starting end September (currently about 9.2 TH/s deployed and rising), net mining revenue of this extra 20 TH/s will be divided among shareholders until 0.065BTC /share is recovered.

[Rannasha]

as long as the price of the stock doesn´t change I am basically staying in BTC and still getting dividends. today we got 7%!
of course we can speculate if the price is going to stay at 0.065, but if there are weekly dividends of 7% or even 5% being paid it sounds like a good deal. or am i missing something? i haven´t really been following this, so please let me know if there´s reason not to expect these dividends.

The price of a mining-stock is proportional to the expected payouts. As dividends are paid out and the difficulty rises, stock price goes down. Unless the company is able to keep its share of the bitcoin network hashrate constant (or increasing), stock price will go down. The decline of the stock price is something that you should definitely factor in when assessing the viability of an investment. History tells us that mining stocks so far have been a net loss for investors.

I don't know enough about PETA-MINE to say whether this will be the case here, but the mining business is highly competitive with many people willing to operate at a loss, so beware.

Loss in bitcoin is highly probable, but it could be some profit in fiats

Doesn't matter. If an BTC-denominated investment doesn't make a profit in bitcoin, then you're better of just holding bitcoins. More profit, less risk.

[frito]

December 2013

Cryptx says they double GH/s/share in Nov

I do not understand where you got these figures...

You can find accurate info here: http://www.cryptx.com/peta-mine/

In short:

One share represents 1 GH/s and will be deployed in December. If 100,000 shares are sold we will deploy 100 TH/s. (currently 63,496)

CryptX added an extra 20 TH/s starting end September (currently about 9.2 TH/s deployed and rising), net mining revenue of this extra 20 TH/s will be divided among shareholders until 0.065BTC /share is recovered.

Dear CryptX

Common sense and basic algebra.


1. How the number 0.00474B for this weeks dividend came about?
    I suppose it was calculated from the initial ("free") 20TH/s one weeks worth of work, i.e. approx 300B (even thou the PetaMine is  9.2TH/s as of now;so probably coming from your private earnings or reserves)?
 
2. Whats the running cost approximately?.

3. You are talking about reinvesting 35% of the net profit to increase the total PM hashing power.
Will it be upped regularly with every difficulty increase? Every week?(at least every month that's what your spreadsheet model says)
Does it mean the hashing power per share will increase proportionally to this reinvestment?(as the spreadsheet suggests, yet its not very clearly specified in your terms)

4. How exactly will this 35% reinvestment relate to the hashing power increase of PM? 35% of profits reinvested = X % increase in hashing power?
Whats in the spreadsheet is not enough to fight the difficulty and generate reasonable profits for too long.

5.Also if all 100k shares will become public, u add Another 100TH/s in December, does that mean 2GH/s/share by December (+all the compounded 35% reinvestments in Hashpower)??

6.I plugged more realistic growth of the HashPower of the whole network over time into your spreadsheet and the break even point moved to about June 2014 and the total profit per share shrunk to measly 0.068B after 40 months,i.e. approx 100% profit over 40 months (considering the over optimistic difficulty estimate I used + possibility of many other future unknowns in the BTC world the risk reward is not too good).

From all the above specifying that each share represents 1GH/s is clearly a bit misleading (since it is actually better than that).

thanks
f