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

[mikemikemike]

and an increase in mining power 

may be a part of the 15 desks in transit yesterday

should definitely be... we're at around 80 and yesterday we were at 64.

niceeeee

lets just hope the other twenty units come through over the weekend and monday should be funday

[altoidmintz]

and an increase in mining power 

may be a part of the 15 desks in transit yesterday

should definitely be... we're at around 80 and yesterday we were at 64.

niceeeee

lets just hope the other twenty units come through over the weekend and monday should be funday

this doesn't math

[millenium]

and an increase in mining power 

may be a part of the 15 desks in transit yesterday

should definitely be... we're at around 80 and yesterday we were at 64.

niceeeee

lets just hope the other twenty units come through over the weekend and monday should be funday

this doesn't math

Let's wait an update by CryptX regarding div and next delivery schedule

[anon29426]

and an increase in mining power 

may be a part of the 15 desks in transit yesterday

should definitely be... we're at around 80 and yesterday we were at 64.

niceeeee

lets just hope the other twenty units come through over the weekend and monday should be funday

this doesn't math

Check his last statement. 15 were on route, another 20 were being sent out today

[XliptTit]

Guys, you should chill.

Even thought I no longer hold any PETA shares,my sell order triggered when the price spiked 2 weeks ago, It is clear,in my opinion, that Cryptx is putting a lot of effort in getting the rigs.If you do not think that this reasoning is enough just enter in contact with bitmine or search cryptx past record, so you can put your mind at rest and trully decide something.

[cryptx]

Details about todays dividend payout:

60.22573499 BTC received in total from mining and converted NMC's:
- 34.17751426 as Dividend (0.00042365 BTC / share)
- 18.40327691 Reinvestment (brings total to 35.87066059 BTC)
- 7.64494382 Hosting Fee

[altoidmintz]

Details about todays dividend payout:

60.22573499 BTC received in total from mining and converted NMC's:
- 34.17751426 as Dividend (0.00042365 BTC / share)
- 18.40327691 Reinvestment (brings total to 35.87066059 BTC)
- 7.64494382 Hosting Fee

Sounds like great news to me!

[hephaist0s]

The Petamine needs a logo -- and then, obviously, a t-shirt. Who's with me?

[nwfella]

The Petamine needs a logo -- and then, obviously, a t-shirt. Who's with me?

+1

*I have a friend in the states that can slap whatever logo you guys decide to go with on a t-shirt.  I would absolutely love to be able to hit him up for a custom t-shirt job

[Anotheranonlol]

The Petamine needs a logo -- and then, obviously, a t-shirt. Who's with me?

I think it will be best seller

[dhenson]

The Petamine needs a logo -- and then, obviously, a t-shirt. Who's with me?

http://www.fiverr.com/innovative_d/design-a-creative-and-professional-logo-with-unlimited-revisions

I just don't have any idea's for a logo.  Should probably run anything you come up with by Cryptx first though. 

[hephaist0s]

The Petamine needs a logo -- and then, obviously, a t-shirt. Who's with me?

I think it will be best seller

Dear god, what is this?!

[hephaist0s]

Huh.
https://www.google.com/search?q=petamine&espv=210&es_sm=93&tbm=isch&tbo=u&source=univ&sa=X&ei=AVAaU8r3EOrM0wGDuoHYCQ&ved=0CDEQsAQ&biw=1390&bih=871

[MonkeyBear68]

The Petamine needs a logo -- and then, obviously, a t-shirt. Who's with me?

I think it will be best seller

Dear god, what is this?!

Ha Ha. I believe it is the zombie mine from Plants Vs Zombies.  

If they accidentally put a "K" in place of the "P" then it would be Ketamine and you would need to use a zombie character. LOL

[trek27]

Huh.
https://www.google.com/search?q=petamine&espv=210&es_sm=93&tbm=isch&tbo=u&source=univ&sa=X&ei=AVAaU8r3EOrM0wGDuoHYCQ&ved=0CDEQsAQ&biw=1390&bih=871

Petamine is a well known food supplement for birds (especially caged) - on the market for at least 15 years.

Maybe on all 'official' gadgets we should use this spelling: PETA-MINE. 

[nwfella]

Huh.
https://www.google.com/search?q=petamine&espv=210&es_sm=93&tbm=isch&tbo=u&source=univ&sa=X&ei=AVAaU8r3EOrM0wGDuoHYCQ&ved=0CDEQsAQ&biw=1390&bih=871

Petamine is a well known food supplement for birds (especially caged) - on the market for at least 15 years.

Maybe on all 'official' gadgets we should use this spelling: PETA-MINE. 

Well that's sort of ironic.  We are going to use a crypto-asset used to feed caged birds!!  Yet, we are trying to free ourselves from our little virtual bird-cages...gotta love the times we are living in.

[kenmomotaro]

Really want to know if PETA-MINE's project is going to success or not. Let's do some assumption and calculation for future condition.

First of all, the goal of PETA-MINE is to build a 2% of total network hash-rate hosting center.
And the total deployment of PETA-MINE should be done by the end of May, which was announced by CryptX.
And we all know that's no way that the total network hash-rate will be 35 PH/s by the end of May.

So my first assumption is that PETA-MINE will actually deploy 700 TH/s by the end of May. And in the mean time the total network hash-rate is 70 PH/s. Which means PETA-MINE will hold 1% of total network hash-rate.

And we also know there is 35% reinvestment.

To do this quickly, the 14 days revenue of PETA-MINE should be 3600(btc)*1%*14(days)*0.85= 428.4 (btc)
0.85 is about the hosting fee, which is (1-15%)
So the reinvestment should be 428.4*35%= 149.94 (btc)

That is to say, if PETA-MINE holds 1% of total network hash-rate, the 14 days reinvestment should be roughly 150 btc.

Then we go to the second part of the assumption.
I assume that the difficulty increment is 10% by the end of May. You can replace it by any number you want, it's just a fast way to calculate for me, and it seems not a ridiculous number for now the difficulty increment is slowing down.

And that means if PETA-MINE can use 150 btc reinvestment to deploy 70 TH/s hash-rate or more, PETA-MINE will be success. Otherwise, PETA-MINE is not going to keep up with the BTC network increment.

So the most important factor which is still not determined is that at what price PETA-MINE will buy in their reinvestment hash-rate.

150 (btc) / 70,000 (GHs) = 0.00214 (GHs/btc) , Now the AntMiner is about 0.00617 (GHs/btc)

The Key is whether PETA-MINE be able to produce their own rigs under 0.00214 GHs/btc with Coincraft A1 chips, I really don't know. Personally I would like CryptX make a brief statement about the information they've got so far.
Basically there's no way to foretell btc price, we can only assume it. Somehow the error by doing this, you know, is just large enough to put this calculation sheet into trash can.

I personally would like to invest more in this project. But there are too many undetermined factors over there. It would be great if PETA-MINE hits and maintains 2% of total internet hash-rate. But so far it most likely to hit 1% of total network hash-rate, which is great, too. And it would be great if CryptX give us some information about the reinvestment progress and cost per GH/s.

[rdyoung]

Really want to know if PETA-MINE's project is going to success or not. Let's do some assumption and calculation for future condition.

First of all, the goal of PETA-MINE is to build a 2% of total network hash-rate hosting center.
And the total deployment of PETA-MINE should be done by the end of May, which was announced by CryptX.
And we all know that's no way that the total network hash-rate will be 35 PH/s by the end of May.

So my first assumption is that PETA-MINE will actually deploy 700 TH/s by the end of May. And in the mean time the total network hash-rate is 70 PH/s. Which means PETA-MINE will hold 1% of total network hash-rate.

And we also know there is 35% reinvestment.

To do this quickly, the 14 days revenue of PETA-MINE should be 3600(btc)*1%*14(days)*0.85= 428.4 (btc)
0.85 is about the hosting fee, which is (1-15%)
So the reinvestment should be 428.4*35%= 149.94 (btc)

That is to say, if PETA-MINE holds 1% of total network hash-rate, the 14 days reinvestment should be roughly 150 btc.

Then we go to the second part of the assumption.
I assume that the difficulty increment is 10% by the end of May. You can replace it by any number you want, it's just a fast way to calculate for me, and it seems not a ridiculous number for now the difficulty increment is slowing down.

And that means if PETA-MINE can use 150 btc reinvestment to deploy 70 TH/s hash-rate or more, PETA-MINE will be success. Otherwise, PETA-MINE is not going to keep up with the BTC network increment.

So the most important factor which is still not determined is that at what price PETA-MINE will buy in their reinvestment hash-rate.

150 (btc) / 70,000 (GHs) = 0.00214 (GHs/btc) , Now the AntMiner is about 0.00617 (GHs/btc)

The Key is whether PETA-MINE be able to produce their own rigs under 0.00214 GHs/btc with Coincraft A1 chips, I really don't know. Personally I would like CryptX make a brief statement about the information they've got so far.
Basically there's no way to foretell btc price, we can only assume it. Somehow the error by doing this, you know, is just large enough to put this calculation sheet into trash can.

I personally would like to invest more in this project. But there are too many undetermined factors over there. It would be great if PETA-MINE hits and maintains 2% of total internet hash-rate. But so far it most likely to hit 1% of total network hash-rate, which is great, too. And it would be great if CryptX give us some information about the reinvestment progress and cost per GH/s.

Can we stop this??? A few of did this for shits and giggles before they started deploying because math is fun, but its been done.  Now its a waste of time.
If you want to see the posts on this, look at my post history.

[stompysteve]

how come nothing new online?

[rdyoung]

how come nothing new online?

They brought some online yesterday.
There was apparently a glitch/slowdown in bitmines production. Hopefully the hardware starts flowing again soon.