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

[frito]

FAST AUCTION of 8 Bitburner Fury boards

Shipping tomorrow

https://bitcointalk.org/index.php?topic=321331.0

What was the final average price ?

As far as I can see it is FAR below 600EUR!

[ujka]

FAST AUCTION of 8 Bitburner Fury boards
Shipping tomorrow
https://bitcointalk.org/index.php?topic=321331.0

What was the final average price ?
As far as I can see it is FAR below 600EUR!

BTC3.4125 (around 500EUR)

[cryptx]

PETAMINE hardware sales consist of 350 BitBurner Fury boards.

At current rate (~3.4 BTC) this would yield a total of ~1190 BTC

[cryptx]

THIRD DIVIDEND due in a few hours!

[Fishbones]

THIRD DIVIDEND due in a few hours!

Great!
Considering an investment in PETA-MINE. But in the meantime, could you explain THIS.

[cryptx]

Great!
Considering an investment in PETA-MINE. But in the meantime, could you explain THIS.

We had no intention to communicate through forum posts about internal affairs.

We did not receive an answer by Burnin in days about this matter and now we are held responsible for undelivered promises by Burnin through a forum post.
We are very dissapointed about this to say the least.

[hephaist0s]

Dividend received of 0.00212611 BTC/share, or 3.27% of IPO price. Great work!

[dhenson]

Dividend received of 0.00212611 BTC/share, or 3.27% of IPO price. Great work!

That brings us up to 14.17% already paid back in the first 3 dividends.  With the upcoming ~28.67% dividend with the sale of the blades (assuming 3.4btc/blade) we will have received almost 43% before the Cointerra devices even arrive.

Definitively satisfied with this investment thus far.

[zulover]

so where do we buy shares in the petamine now?

[cryptx]

so where do we buy shares in the petamine now?

From our first post ;-) :

"With the closure of BTC-TC our project will continue its listing on Crypto:stocks (www.cryptostocks.com)."

[dhenson]

Speaking of that Cryptx, now might be a good time to re-apply on Havelock.  They just got purchased by a fully licensed investment company and are welcoming US based customers.

https://bitcointalk.org/index.php?topic=323077.0

The volume would definitely be welcome.

[altoidmintz]

Speaking of that Cryptx, now might be a good time to re-apply on Havelock.  They just got purchased by a fully licensed investment company and are welcoming US based customers.

https://bitcointalk.org/index.php?topic=323077.0

The volume would definitely be welcome.

+1
gettin my dolla

[hephaist0s]

Speaking of that Cryptx, now might be a good time to re-apply on Havelock.  They just got purchased by a fully licensed investment company and are welcoming US based customers.

https://bitcointalk.org/index.php?topic=323077.0

The volume would definitely be welcome.

+1
gettin my dolla

+1

[frito]

PETAMINE hardware sales consist of 350 BitBurner Fury boards.

At current rate (~3.4 BTC) this would yield a total of ~1190 BTC

cryptx ,

How will you compensate the shareholders for the 4TH/s that never came?

[cryptx]

cryptx ,

How will you compensate the shareholders for the 4TH/s that never came?

1. We promised to start hashing at the end of September. The Bitburner Fury boards were not ready at that time (due to factors out of our control). Because of that we calculated a reasonable mining profit we could have made if we started mining at the end of September. So yes, the biggest part of the 300 BTC was paid out of our own pocket.

2. The first deployment of 20 TH/s at the end of September has a monthly total cost, including electricity, maintenance and hosting, of maximum 5,000$.
We charged 0$ for electricity/maintanance and hosting so far

[dhenson]

It may be worth re-evaluating the decision to continue to sell hardware.  With the exchange rate hike, we'll on'y be getting 2btc per blade.  With the delay in shipment by hashfast and cointerra, I believe we would be better served to continue mining.

[cryptx]

It may be worth re-evaluating the decision to continue to sell hardware.  With the exchange rate hike, we'll on'y be getting 2btc per blade.  With the delay in shipment by hashfast and cointerra, I believe we would be better served to continue mining.

We have suspended all sales yesterday. We will give an update of sales so far soon.

[ekiro]

UPDATE 01/11/2013

Third dividend paid 0.00212611 BTC or 3,27%

Next dividend will be paid on 08/11/2013


UPDATE 25/10/2013

Second dividend paid 0.00236235 BTC or 3,63%

Next dividend will be paid on 01/11/2013


UPDATE 24/10/2013

PETAMINE HASHRATE:

http://eligius.st/~wizkid057/newstats/userstats.php/1KkMPX9oKxoYnb5DU2xCJDrgQF6r9g6jza


UPDATE 18/10/2013

First dividend paid 0.00474413 BTC or 7,3%

Next dividend will be paid on 25/10/2013

---------------------------------------------------------------------------------------------------------------------------------------------------------------------

New exchange, new thread about PETA-MINE project. With the closure of BTC-TC our project will continue its listing on Crypto:stocks (www.cryptostocks.com).

CryptX offers an asset (its PETA-MINE) for shares in the profit of the PETA-MINE project.

CryptX will offer 100,000 non-dilutable PETA-MINE shares for a price of 0.065 BTC per share at IPO.

Each share represents 1 GH/s of hashing power. For every share that is sold, CryptX will invest in an additional 20% hashpower. All mining revenue from this additional 20% will go to public shareholders until the initial investment of 0.065 BTC/share is recovered in dividends.

Dividends will automatically appear in shareholders’ wallets every Friday around 15:00 GMT. Dividends will consist of 65% of PETA-MINE net revenue for the week. Net revenue is defined as the total sum of Bitcoins mined, transaction fees received and net revenue from hardware sold, minus electricity, hosting, and mine maintenance costs.

Every week, CryptX will reserve for reinvestment purposes a percentage of earned Bitcoins equal to 35% of net revenue. These investments will allow CryptX to produce and deploy additional hardware. Time of deployment for this additional hardware will be in the best interest of shareholders.

Some finance guy just informed me about crytpostocks.  I like the notion of a NASDAQ for Bitcoin, or all cryptocurrencies.

Issuing shares sounds relative simple and this can be very fast moving.

As long as you know how the money works with such structure.

Anything high-level finance is awesome.   I may work on some project like this...

[frito]

It may be worth re-evaluating the decision to continue to sell hardware.  With the exchange rate hike, we'll on'y be getting 2btc per blade.  With the delay in shipment by hashfast and cointerra, I believe we would be better served to continue mining.

We have suspended all sales yesterday. We will give an update of sales so far soon.

If people pay more than  5.4 BTC* per blade why not keep selling?    *EDIT: 3.4BTC

Just put out another 10 pcs batch for sale to probe the demand.

Maybe you should put it to VOTE.

I'd be also more inclined to focus on selling new cointerra HW rather than keeping and mining with it.

Unless BTC/USD growth matches that of Difficulty, minig will soon be not worth it, we are already approching technological limits with asic.

[frito]

It may be worth re-evaluating the decision to continue to sell hardware.  With the exchange rate hike, we'll on'y be getting 2btc per blade.  With the delay in shipment by hashfast and cointerra, I believe we would be better served to continue mining.

The growing Difficulty will PWN the blades, better to sell the blades if people pay good BTC(of course not selling for 2BTC, no way).
Even at 400$ per btc its better to sell blades for 5.4ish than mine.