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

[currencydebt]

This is going to be great when it goes off, those remaining shares will be gone overnight.

Is there still a 20% added mining compensation for starting late, and on what date does that come into play or is it roughly middle of the month?

[zevtiefenbach]

Looking at this, it seems like the valuations are pretty good for a miner.

I think it might make sense, once hashing starts, for Cryptx to assume control of all the IPO shares and pull them from the market until the price rises a bit. I have a feeling that once the equipment arrives and the mining operation is on-line there will be a lot of demand for the shares and without the enormous IPO wall at .05 the shares will find a comfortable evaluation a fair bit higher. at that time Cryptx can slowly unload shares at a profit. . .

or, PETAMINE itself could potentially buy-back those shares from Cryptx out of some of the reinvestment funds. . .

in any case, removing the IPO shares from the market will probably lead to a nice run in share price in the next few weeks.

[spartan82]

soooooooo anyone know where cryptx is? how bout an update??

[EdoBcn]

It's a pity we don't have the /u/summon function on bitcointalk (like in Reddit)...
Even with no news to give us, I expected havelock or cryptix to at least say something and confirm they are still alive

[nwfella]

I'm getting a bad feeling about this.

[Morguk]

I'm getting a bad feeling about this.

Me too. I was going to buy more shares but with the lack of replies recently I'm getting a bit concerned...

[spartan82]

I'm getting a bad feeling about this.

Me too. I was going to buy more shares but with the lack of replies recently I'm getting a bit concerned...

Stressful times.. Now it's sell or not sell. I myself won't be buying anything without some sort of update

[cryptx]

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

[realrover]

We'll keep you posted.

Thank you, guys. This is the key for having loyal shareholders nowadays.

[Morguk]

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

Excellent, thanks for the update!

[VonSpecht]

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

Thank You!

[st4nl3y]

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

cointerra terraminerIV batch#1 is in early production stages already and they confirmed shipping end of january

[nwfella]

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

Sky just got a little brighter. Appreciate the update

[SpeedDemon13]

"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).
PETAMINE is now trading on www.havelockinvestments.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.

Each share represents an initial hashrate of 2.4 GH/s of the total hash power of the PETA-MINE, and shareholders will receive a weekly dividend payment every Friday. The PETA-MINE will deploy in January with an initial maximum capacity of 240,000 GH/s.

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."

So, when will the first dividends occur for January or is it being delayed?

[Wayne_Chang]

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

Still did not see any schedule on when to start hashing. In BTC world, time is extremely important. Hope we can have encouraging news soon.

[VonSpecht]

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

Still did not see any schedule on when to start hashing. In BTC world, time is extremely important. Hope we can have encouraging news soon.

It's fully related to the time when they will get the hardware that is not under their control, that's why it would not be wise to make any promises about the schedule... And that's why they currently try to make everything ready as possible in the data center, that hashing could start soon as the hardware arrives...

[SpeedDemon13]

Status Update:

A quick update where we are at: As many others we are awaiting for final engineering / test results from both Bitmine and Cointerra. As soon as those final tests are done and both companies start with their production process we will have more exact details about delivery of the long awaited mining hardware. We are closely following up on the progress and visited Bitmine in Switzerland last week, all looks promising but still some engineering work to be done.

Meanwhile, we are also preparing our datacenter for future growth and expansion, which requires a lot of planning and upfront work as we want to be ready not only for the first batches of miners but also for future deployment (once we are mining things will start moving rapidly).

We know everyone is excited to get this project started and we can begin mining (the same goes for us)! It can be frustrating to wait for those final updates from manufacturers but we hope to receive some good news soon and get this started.

We'll keep you posted.

Still did not see any schedule on when to start hashing. In BTC world, time is extremely important. Hope we can have encouraging news soon.

It's fully related to the time when they will get the hardware that is not under their control, that's why it would not be wise to make any promises about the schedule... And that's why they currently try to make everything ready as possible in the data center, that hashing could start soon as the hardware arrives...

The time table doesn't have to be exact, but tentative. As nothing usually goes on schedule in life, most of the times. For example, maybe early as xx/xx/xx and latest possible xx/xx/xx time frame. Just like doing a business plan to get a loan and/or investors, you have to have a good time frame of realistic time table.

[spartan82]

Well i think we are eligible for that hashrate increase by now hey...

[cryptx]

Latest news from Cointerra:

http://cointerra.com/engineering-updates-terraminer-iv-hashing-live/

[MPalokaj]

Will you guys be doing a datacenter party when the equipment arrives?