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

[nwfella]

Have to say that this 20% miss on power consumption guesses on the part of cointerra has me a bit worried. Hopefully this final week of tweaking/tuning can drop that down a bit.

*fingers crossed

[Wayne_Chang]

They (cex) are hashing, peta isn't.

That's the point! The most important thing now is when PETA can start hashing. Otherwise, calculation on hashing power per BTC is meaningless.

[EdoBcn]

Anyone updated the excel spreadsheet with the calculations?
I've done my local copy, but still, values are looking too good to be true.

[mmitech]

Anyone updated the excel spreadsheet with the calculations?
I've done my local copy, but still, values are looking too good to be true.

how is it too good to be true, if this operation wont go online soon, there is allot to reconsider, people are already selling shares for less than they paid for...

[EdoBcn]

Anyone updated the excel spreadsheet with the calculations?
I've done my local copy, but still, values are looking too good to be true.

how is it too good to be true, if this operation wont go online soon, there is allot to reconsider, people are already selling shares for less than they paid for...

i mean:
20% more energy
increased difficulty
almost a month without mining
(to say the moat evident cons)
increased GH per share
(on the good side)

I am afraid that my formulas added to the modifications I did to the file are "looking too good to be true", hence my request if someone had a better updated file to play with

(and yes, people sell at 0.0499999 what they purchased at 0.05 ... big deal)

[ujka]

anyone have an update?

me being the paranoid investor i am, im starting to get slightly worried.

As I read in cointerra website updates, they are in production, but still waiting for certification (CE). Bitmine is silent last days, still developing and tweaking boards, I think. Sample chips were sent to other board developers.

[obeygiant]

cex.io quote:  1ghs=0.041 btc ; 

peta 2.88ghs=.049 ; ergo peta 1ghs=.017. ; Peta/cex.io=  2.41...

Fun with numbers:

1 GHs today = $0.1591 per day ( https://www.byteminr.com/stats )

CryptX at 0.017 today if hashing = $13.60 per GH/s, break even in about 85 days with no difficulty increase.

CEX.io at 0.041 today = $32.80 per GH/s (plus fees?), break even in 204.85 days with no difficulty increase.

Butterfly hosted hashing two months minimum from now (i.e. March 2014) = $10.83 per GH/s, would break even in 68 days if starting today and assuming no difficulty increase.

Byteminr.com about 1.5 months ago before running out of stock: $20 per GH/s/Y, break even etc. etc. in 125 days.

Bitcoin total network speed: about 18,000 THash/s, or the equivalent of 9,000 Cointerras. I wonder how many boxes the next gen miner manufacturers can produce in a month, combined? The equivalent of 36,000 Cointerras entering the network in two weeks would trigger the protocol's protection for sudden difficult increases, limiting it to a factor of 4X every two weeks.

In fact, if somebody could manage to inject insane hashrate into the network today, they could just eat the blocks away for several months and benefit from the 4X difficulty increase protection in the protocol; the network would produce blocks faster than once per 10 minutes for a while.

[ujka]

Anyone updated the excel spreadsheet with the calculations?
I've done my local copy, but still, values are looking too good to be true.

I tried.
Start date moved to Feb 6th, for cointerra hardware, and Feb 26th for bitmine hardware.
Then changed exchange rate $/btc to increase by 1% per week (goes from $820 now to $1170 in Jan 2015).
Div/Share calculates 0.08 0.09btc (forgot to value hardware in Jan 2015 to $1500)

[ujka]

Cointerra begins shipment! Hope CryptX is high in line for batch #1.
http://cointerra.com/pr-cointerra-begins-shipment-terraminer-iv-worlds-fastest-bitcoin-miner/

[trek27]

Cointerra begins shipment! Hope CryptX is high in line for batch #1.
http://cointerra.com/pr-cointerra-begins-shipment-terraminer-iv-worlds-fastest-bitcoin-miner/

That's good. Hope Bitmine follows soon.

[mmitech]

Cointerra begins shipment! Hope CryptX is high in line for batch #1.
http://cointerra.com/pr-cointerra-begins-shipment-terraminer-iv-worlds-fastest-bitcoin-miner/

That's good. Hope Bitmine follows soon.

Bitmine will start production 2 weeks from now, at least this is what a user said on their official thread, he said that he got an e-mail saying that production starts the end of next week !!

[ujka]

Cointerra begins shipment! Hope CryptX is high in line for batch #1.
http://cointerra.com/pr-cointerra-begins-shipment-terraminer-iv-worlds-fastest-bitcoin-miner/

That's good. Hope Bitmine follows soon.

Bitmine will start production 2 weeks from now, at least this is what a user said on their official thread, he said that he got an e-mail saying that production starts the end of next week !!

Nice. But CryptX is not in this first batch (december), it's in early January batch, and end of January.

[mmitech]

Cointerra begins shipment! Hope CryptX is high in line for batch #1.
http://cointerra.com/pr-cointerra-begins-shipment-terraminer-iv-worlds-fastest-bitcoin-miner/

That's good. Hope Bitmine follows soon.

Bitmine will start production 2 weeks from now, at least this is what a user said on their official thread, he said that he got an e-mail saying that production starts the end of next week !!

Nice. But CryptX is not in this first batch (december), it's in early January batch, and end of January.

which makes it even worse... I bought 1% of all shares and I was thinking about buying even more but I will call it off

[gigacoiner]

Is PETA Mine on 1st batch for Cointerra?

Cointerra begins shipment! Hope CryptX is high in line for batch #1.
http://cointerra.com/pr-cointerra-begins-shipment-terraminer-iv-worlds-fastest-bitcoin-miner/

That's good. Hope Bitmine follows soon.

Bitmine will start production 2 weeks from now, at least this is what a user said on their official thread, he said that he got an e-mail saying that production starts the end of next week !!

Nice. But CryptX is not in this first batch (december), it's in early January batch, and end of January.

which makes it even worse... I bought 1% of all shares and I was thinking about buying even more but I will call it off

[rdyoung]

Cointerra begins shipment! Hope CryptX is high in line for batch #1.
http://cointerra.com/pr-cointerra-begins-shipment-terraminer-iv-worlds-fastest-bitcoin-miner/

That's good. Hope Bitmine follows soon.

Bitmine will start production 2 weeks from now, at least this is what a user said on their official thread, he said that he got an e-mail saying that production starts the end of next week !!

Nice. But CryptX is not in this first batch (december), it's in early January batch, and end of January.

Source?
According to http://www.peta-mine.co/peta-mine-status-update-26112013/
They are december batch. So they should be getting their hardware soon, however long it takes to ship from tx to wherever their datacenter is.

[ujka]

Is PETA Mine on 1st batch for Cointerra?

Yes, for Cointerra hardware it's in 1st batch:

• CryptX has a contract with Cointerra to deliver 60 TH/s of their devices of batch 1 (December Batch).
 • CryptX has also a contract with Bitmine to deliver up to 180 TH/s of their devices of batch 1 early January.
 • CryptX has a second contract with Bitmine to deliver up to 100 TH/s of their devices for reinvestment purposes at the end of January.

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

Sorry if there is some confusion in that post before.

[zevtiefenbach]

interesting trading activity today.

i can't imagine that there will be any sub-IPO shares around much longer.

seems like hashing and much higher prices are just around the corner!

[hephaist0s]

https://bitcointalk.org/index.php?topic=438359.0

Partners
We are especially interested in the following types of business partners:

1. Large mining operation owners who can also do massive PCB production of their own.

Cryptx, the next move is yours.

[eyecoins]

https://bitcointalk.org/index.php?topic=438359.0

Partners
We are especially interested in the following types of business partners:

1. Large mining operation owners who can also do massive PCB production of their own.

Cryptx, the next move is yours.

This seems like a no-brainer to me. The specs posted would make this chip the most cost effective chip on the market AND they're aiming for March. If CryptX has the ability to produce their own PCBs, please seriously consider going this route for a Phase 2.

[MPalokaj]

https://bitcointalk.org/index.php?topic=438359.0

Partners
We are especially interested in the following types of business partners:

1. Large mining operation owners who can also do massive PCB production of their own.

Cryptx, the next move is yours.

Mailed them about it. Looks pretty sweet to me.