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ujka
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November 09, 2013, 06:15:03 PM |
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CryptX,
are you maybe considering taking advantage of current bitcoin exchange rate and buying/ordering some mining gear that is selling in fiat? (KnC November delivery, Cointerra Januar,...)
Of course, that means lower dividends in next week or two, but I think it's still a thing to consider.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Wayne_Chang
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November 11, 2013, 03:11:54 AM |
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CryptX,
are you maybe considering taking advantage of current bitcoin exchange rate and buying/ordering some mining gear that is selling in fiat? (KnC November delivery, Cointerra Januar,...)
Of course, that means lower dividends in next week or two, but I think it's still a thing to consider.
Agree. Till now what Petamine has done was good. Hope they can keep the good performance. |
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frito
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November 11, 2013, 08:11:01 PM |
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sup CryptoXxx,
what about that 35% profit reinvestment, whats happening on that front?
How about stock Buy BACK to prop up the stock price that is steadily going down the $hitt3r?
word
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ujka
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November 11, 2013, 08:20:56 PM |
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That's a few ppl selling shares they got cheap on btc-tc panic sale. (I was too late  |
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cryptx (OP)
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November 11, 2013, 08:46:03 PM |
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sup CryptoXxx,
what about that 35% profit reinvestment, whats happening on that front?
How about stock Buy BACK to prop up the stock price that is steadily going down the $hitt3r?
word
The 35% reinvestment only applies to the actual mine of 1 GH/share |
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altoidmintz
Full Member
 Offline
Activity: 180
Merit: 100
After Economics: Learning is just the first step.
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November 12, 2013, 01:57:50 AM |
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2 Qs:
1 Does it look like we will be mining as anticipated in Dec? Any idea which part of Dec?
2 Any chance of getting on to other exchanges and upping volume?
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frito
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November 12, 2013, 02:59:05 PM |
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sup CryptoXxx,
what about that 35% profit reinvestment, whats happening on that front?
How about stock Buy BACK to prop up the stock price that is steadily going down the $hitt3r?
word
The 35% reinvestment only applies to the actual mine of 1 GH/share It's just that you used the reinvestment from the day 1 in the showcase spreadsheet. Greatly overestimating the expected earnings. |
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frito
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November 12, 2013, 03:04:52 PM |
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2 Qs:
1 Does it look like we will be mining as anticipated in Dec? Any idea which part of Dec?
2 Any chance of getting on to other exchanges and upping volume?
I am not sure the bid side volume can increase greatly by using other trading venue at least not with the price that would satisfy current shareholders. A traded company that's doing well often BUYS back their own stock slowly going private, hence increasing the value of the stock. Something I suggested but was left without any answer. |
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realrover
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November 12, 2013, 05:10:52 PM |
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What about dividends from hardware sale? Did I miss something? As I remember it should be around 20-25% of initial investment. I didn't get it for sure...
Thanks.
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ujka
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November 12, 2013, 06:42:33 PM |
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What about dividends from hardware sale? Did I miss something? As I remember it should be around 20-25% of initial investment. I didn't get it for sure...
Thanks.
https://bitcointalk.org/index.php?topic=310783.msg3521691#msg352169135 boards sold, for a total of BTC101. Paid in last dividend. The sale was canceled because of a BTC price rally - hardware boards price is listed in fiat! |
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realrover
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November 12, 2013, 06:48:28 PM |
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What about dividends from hardware sale? Did I miss something? As I remember it should be around 20-25% of initial investment. I didn't get it for sure...
Thanks.
https://bitcointalk.org/index.php?topic=310783.msg3521691#msg352169135 boards sold, for a total of BTC101. Paid in last dividend. The sale was canceled because of a BTC price rally - hardware boards price is listed in fiat! Hmm... So sale of the boards added just about 0.0014 BTC/share comparing to previous dividend. I was expecting more and missed that. Never mind. Thank you for clarification. |
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Bitcoin2Cheval
Newbie
Offline
Activity: 19
Merit: 0
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November 15, 2013, 12:39:52 AM |
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CryptX correct me if i'm wrong,
until mid december, CryptX is mining with the free 20TH/s, whitch are 13.73 Th/s in reality (following Eligius Pool Statistics).
Until now, 63,496 shares were sold. so until mid december every share represent (13.73 Th/s)/63,496 so more or less 0,216 Gh/s by Share. Every friday, you take the weekly BTC mined, you substract your cost and you distribute the dividende entirely. There is no 35% reinvestment, it will come with the december deployement.
By Mid december, you will add 1Gh/s by share, on this 1Gh/s you will redistribute 65% in dividend and reinvest 35% in hardware mining, you will still maintain the 20% free with a 100% dividend until the 0,065 btc by share is paid back.
2 questions :
what are your cost more or less? 5% of the mining income? 3%?
what will be the effect of the 35% reinvestment, on the mining hashrate by share (more or less)? will the hashrate by share increase by 35% monthly ? i hope you will be transparent with those 35%.
thank you
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cryptx (OP)
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November 15, 2013, 06:37:22 AM |
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CryptX correct me if i'm wrong,
until mid december, CryptX is mining with the free 20TH/s, whitch are 13.73 Th/s in reality (following Eligius Pool Statistics).
Until now, 63,496 shares were sold. so until mid december every share represent (13.73 Th/s)/63,496 so more or less 0,216 Gh/s by Share. Every friday, you take the weekly BTC mined, you substract your cost and you distribute the dividende entirely. There is no 35% reinvestment, it will come with the december deployement.
Thank you for your interest. The free extra mining equipment was around 16 TH/s, but we sold a part of the hardware and paid the revenue in dividends. We also paid an extra 200 BTC in our first dividend as compensation for the difference between 16 and 20 TH/s. On top of that, we have charged 0$ in costs (no electricity, no maintenance, no labor, etc). Up till now, we have not reserved any mining income for reinvestment purposes. By Mid december, you will add 1Gh/s by share, on this 1Gh/s you will redistribute 65% in dividend and reinvest 35% in hardware mining, you will still maintain the 20% free with a 100% dividend until the 0,065 btc by share is paid back.
Correct 2 questions :
what are your cost more or less? 5% of the mining income? 3%?
what will be the effect of the 35% reinvestment, on the mining hashrate by share (more or less)? will the hashrate by share increase by 35% monthly ? i hope you will be transparent with those 35%.
Our costs are kept to a minimum, due to the fact we have our own datacenter space. The 35% reinvestment will be used to make whole sale deals. It is impossible to say in which way this will affect the hashrate of the PETA-MINE, because this depends on three unknowns: The BTC/USD rate, the hashrate of the network and the hardware prices. We have a very good relationship with Cointerra, but we are free to seek out the best deals available in the market. |
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cryptx (OP)
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November 15, 2013, 11:28:07 AM |
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FIFTH DIVIDEND due in a few hours
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Bitcoin2Cheval
Newbie
Offline
Activity: 19
Merit: 0
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November 15, 2013, 01:41:54 PM |
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Thank you for the response.
i have another question, an easy one.
Could you give us the amout total of solded shares?
Until now, I think 63,496 shares were sold, but i'm not sure. Could you confirm, or give the right answer.
Thank you. The project seems great
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cryptx (OP)
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November 15, 2013, 01:43:46 PM |
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Thank you for the response.
i have another question, an easy one.
Could you give us the amout total of solded shares?
Until now, I think 63,496 shares were sold, but i'm not sure. Could you confirm, or give the right answer.
Thank you. The project seems great
That's correct |
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hephaist0s
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November 15, 2013, 03:47:20 PM |
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131115 dividend received of 0.00164041/share, so that's 2.52% of IPO price. Very satisfying!
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Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9 |
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cryptx (OP)
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November 15, 2013, 03:51:17 PM |
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UPDATE 15/11/2013
Fifth dividend paid 0.00164041 BTC or 2,85%
Next dividend will be paid on 22/11/2013
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st4nl3y
Legendary
Offline
Activity: 1050
Merit: 1000
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November 16, 2013, 12:18:01 AM |
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UPDATE 15/11/2013
Fifth dividend paid 0.00164041 BTC or 2,85%
Next dividend will be paid on 22/11/2013
Nice  |
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Anotheranonlol
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November 17, 2013, 07:04:19 AM
Last edit: November 17, 2013, 02:25:20 PM by Anotheranonlol |
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something is wrong with your revenue forecast, put correct BTC/USD spot and you will see 1 share gives near 1.5 mil USD return
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