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

[ujka]

Are people actually selling at 0.1 or am I still drunk? How were not at .2 yet is beyond me

Not all are here for long term mining. Some are speculating, and >100% profit is fine with them. They cash out and move on, next opportunity.

[bocobit]

This is my first post here…been lurking for a few months so here we go.

Great news coming from cryptx, 700 TH woohoo!  I'm unclear about some of the details around the rolling out of the miners that are important.  


1)When should us shareholders expect the first dividend?

We own our own datacenter which has currently a capacity up to 750 TH/s, which enables us to deploy very fast and use custom designed hardware. We have engineered a standard unit with a hosting capacity of 500 TH/s, which can be installed fully operational in a matter of weeks. This enables us to expand at a very fast pace.

2)Doing some math it appears that cryptx will have the capacity for 1,250 TH in a matter of weeks, what is the ETA of the A1 chips and are they going to account for the 550 TH difference between 700 TH and 1,250 TH?

I'm not familiar with mounting chips on boards, is that a time consuming process? How long would that process take to mount 500 TH worth of chips on boards?

thanks

[AlexeyKV]

Just some calculations.

Lets say petamine obtain 2% of network hashrate. And there will be 100000 shares.
Lets say at average there are 6.5 blocks mined per hour.
For the next 2.5 years each block rewards 25 BTC.

100% of network mines 6.5 * 25 * 24 = 3900 BTC per day.
or 3900 * 30 = 117000 BTC per month.

2% of network will mine 117000 * 0.02 = 2340 BTC per month.

Finally each share will receive 0.0234 BTC per month.


So the questions are how much time does it take to achieve 2% of network. And do they have enough funds to do it. I would say its pretty interesting investment in long term.

[spazzcat]

Are people actually selling at 0.1 or am I still drunk? How were not at .2 yet is beyond me

People keep trying to sell lower then everyone else...Too many people that don't know to handle investments...

[Aireun]

With this great news... are we to expect dividends sometime soon? Or do we have to wait until the mine is fully deployed. I love this news with the 8.68GH/s but I really want to see the dividends coming in soon.

[AlexeyKV]

Just some calculations.

Lets say petamine obtain 2% of network hashrate. And there will be 100000 shares.
Lets say at average there are 6.5 blocks mined per hour.
For the next 2.5 years each block rewards 25 BTC.

100% of network mines 6.5 * 25 * 24 = 3900 BTC per day.
or 3900 * 30 = 117000 BTC per month.

2% of network will mine 117000 * 0.02 = 2340 BTC per month.

Finally each share will receive 0.0234 BTC per month.

Forgot about 35% reinvestment. So actually each share will receive 0.01521 BTC in dividends per month. Not taking into account transaction rewards and electricity costs.

[dhenson]

Are people actually selling at 0.1 or am I still drunk? How were not at .2 yet is beyond me

The uncertainty of the remaining IPO shares has a chilling effect on the share price. Nobody wants to get trapped over the wall.

If cryptx made a statement like:

All remaining IPO shares will be sold at market value on April 1st.

Then the market would be allowed to find a value without the threat of the impending wall.

[runam0k]

People keep trying to sell lower then everyone else...Too many people that don't know to handle investments...

Otherwise known as the market finding a price.

[spazzcat]

People keep trying to sell lower then everyone else...Too many people that don't know to handle investments...

Otherwise known as the market finding a price.

I saw someone sell at .078 when the going price was .115, last night.

[pedrog]

Are people actually selling at 0.1 or am I still drunk? How were not at .2 yet is beyond me

The uncertainty of the remaining IPO shares has a chilling effect on the share price. Nobody wants to get trapped over the wall.

If cryptx made a statement like:

All remaining IPO shares will be sold at market value on April 1st.

Then the market would be allowed to find a value without the threat of the impending wall.

I've seen this happening several times on Havelock with other securities, when new shares are issued, trading is halted and the new batch of shares is put for sale at market price, when everything is sold, business as usual.

I assume this is what will happen when the time comes for PETA to IPO those remaining shares.

And there's no sell wall, there's a special section for IPOs on Havelock.

[hephaist0s]

Read the announcement...then read it for the second time. Went down to make something to drink. Drunk.
Came back and the news was still there staring at me from the screen. So, I read it for the third time. Wow.

The news is so good that it probably provokes some kind of denial. It's very human. When something is 'too good' or 'downright bad' people subconsciously reject it.

700TH at the end of March? Just two days ago we could reasonably expect 230TH at mid-march.
Bitmine is shipping. Two days ago we could just speculate: when they will start?
CryptX announcing the goal of reaching and preserving 2% of the network.
CryptX confirms development of custom made mining devices.
Really, what could be better?
The only aspect we lack is realization of this fantastic plan. But for this we must obviously wait a bit.

I think people and Mr.Market need some time to fully digest what really happened during this weekend.

+1

[naaktslak]

With this great news... are we to expect dividends sometime soon? Or do we have to wait until the mine is fully deployed. I love this news with the 8.68GH/s but I really want to see the dividends coming in soon.

I'm also curious if we can expect dividends anytime soon?

[pedrog]

With this great news... are we to expect dividends sometime soon? Or do we have to wait until the mine is fully deployed. I love this news with the 8.68GH/s but I really want to see the dividends coming in soon.

I'm also curious if we can expect dividends anytime soon?

Dividends will automatically appear in shareholders’ Bitcoin wallets every Friday around 15:00 GMT.

At: http://www.peta-mine.co/faq/

[Elvis Trout]

With this great news... are we to expect dividends sometime soon? Or do we have to wait until the mine is fully deployed. I love this news with the 8.68GH/s but I really want to see the dividends coming in soon.

I'm also curious if we can expect dividends anytime soon?

Dividends will automatically appear in shareholders’ Bitcoin wallets every Friday around 15:00 GMT.

At: http://www.peta-mine.co/faq/

Yea but that doesn't say which friday divs start

[Wayne_Chang]

The mining started before mid of Feb. But till now we see not even a dime sent to our address.

[hephaist0s]

The mining started before mid of Feb. But till now we see not even a dime sent to our address.

Mining started this past week. The first possible date for dividends was Friday 2/21. There have been daily deployments of hardware all week, and then there was the recent excellent announcement of all the new scheduled hardware deployment and custom hardware development which has been going on behind the scenes. I'm pretty sure cryptx was either too busy setting up machines, or just opted to wait a week and instead of paying out a tiny dividend from a half-week of mining, decided to kick things off with something more meaty this week. I predict that we'll see a full -- and thrilling -- dividend payment this Friday, 2/28.

[dhenson]

Did we ever find out if our Cryptx is behind the new cryptx.io exchange?

[dhenson]

The mining started before mid of Feb. But till now we see not even a dime mBtc sent to our address.

FTFY

[rdyoung]

Did we ever find out if our Cryptx is behind the new cryptx.io exchange?

Just took a look. Considering the coins available for trading my money is on NO they are not behind it.

[qwertyqwerty]

Did we ever find out if our Cryptx is behind the new cryptx.io exchange?

no, they are not related