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

[CBGuy]

And the winning number is: 0.00063172 BTC/share

92.91471753 BTC in total from mining:
- 50.96334900 as Dividend (0.00063172 BTC / share)
- 27.44180331 Reinvestment (brings total to 85.12471901 BTC)
- 14.50956522 Hosting Fee

We haven't received any NMC's the last 10 days, as soon as those are paid out by Eligius pool we will convert them and include them in the next dividend payout. We also changed the NMC address to N6a18WfxGRmyzLhAMmzXGokAXt5PizB28B, as the last address was a NMC address on BTC-E and didn't reflect correct balance (BTC-E keeps NMC's on the address even though we converted our NMC's to BTC 2 weeks ago), so current address will provide more transparency and accurate NMC balance.

Thanks Cryptx, much appreciated

[millenium]

millenium 0.000461 - 0.000624
nwfella 0.000572
tsm13 0.000502129 - 0.000589287
rdyoung 0.00055
jjohnson 0.000598
EdoBcn 0.000651
VonSpecht 0.000710
stompysteve 0.00085085

We should do this every week. Sounds fun.
Also, we could arrange a minimum bet type of thing, who gets it right wins all bets

ujka 0.00058
mikemikemike 0.00062
DropDead.Be 0.000621
trek27 0.00063

Should we write the rules?

agree,
btw
฿0.00063172 per unit on Mar 21st

3 minutes before announcement... nice catch
 

seen on havelock site

[hephaist0s]

And the winning number is: 0.00063172 BTC/share

92.91471753 BTC in total from mining:
- 50.96334900 as Dividend (0.00063172 BTC / share)
- 27.44180331 Reinvestment (brings total to 85.12471901 BTC)
- 14.50956522 Hosting Fee

We haven't received any NMC's the last 10 days, as soon as those are paid out by Eligius pool we will convert them and include them in the next dividend payout. We also changed the NMC address to N6a18WfxGRmyzLhAMmzXGokAXt5PizB28B, as the last address was a NMC address on BTC-E and didn't reflect correct balance (BTC-E keeps NMC's on the address even though we converted our NMC's to BTC 2 weeks ago), so current address will provide more transparency and accurate NMC balance.

Fantastic! Thanks for being the thread I come to for good news.

[trek27]

Coming back to custom devices topic:
https://bitcointalk.org/index.php?topic=422243.0

Currently they are testing boards with A1 chips:

and it's an open source project.

[nwfella]

Oh man...it appears I'm as good at guessing cryptx dividend payouts as I am at making money purchasing BTC-related shares!  Terrible!  Nice to know I threw a few satoshi's at a worthwhile project for once

*keep up the good work cryptx
**appears as though worker F2 is either being tweaked or is having some issue(s)
***looks like F2 for the most part back online again

[tauren]

I've just discovered PETA while browsing Havelock and am interested in learning more and possibly investing.

I did a bit of math, to see how long it would take to pay back my investment by earning dividends:

PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit

Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years

Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? How are you seeing the value of this investment? 

I guess I'm questioning this because most mining operations expect to recoup their investment in months, not years.

[DropDead.Be]

I've just discovered PETA while browsing Havelock and am interested in learning more and possibly investing.

I did a bit of math, to see how long it would take to pay back my investment by earning dividends:

PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit

Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years

Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? How are you seeing the value of this investment? 

I guess I'm questioning this because most mining operations expect to recoup their investment in months, not years.

It was supposed to be months, not years. We're currently hashing at 120 Th/s. Should have been north of 500 by now. Bitmine is failing to deliver on time. If we can get the 700 Th/s by end of April I'd say ROI at current share price would be 6 months.

[Oztwinpeaks]

I've just discovered PETA while browsing Havelock and am interested in learning more and possibly investing.

I did a bit of math, to see how long it would take to pay back my investment by earning dividends:

PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit

Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years

Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? How are you seeing the value of this investment? 

I guess I'm questioning this because most mining operations expect to recoup their investment in months, not years.

You need to read the update pages posted on Havelock. We are currently at 120ths of a initially planned 700ths- there is supplier-sided delay of ordered mining rigs that have pushed the mine slightly behind schedule- so the dividends that you see now are a fraction of what they will be in a short while. You also need to realise that 35% of profits are set aside for reinvestment. Cryptx has been extremely transparent with delays and planning through this process- so I feel confident about the future of Peta. All things going to plan (which is always a risk in the crypto world) ROI should be significantly faster than 2 years!

[ujka]

I've just discovered PETA while browsing Havelock and am interested in learning more and possibly investing.

I did a bit of math, to see how long it would take to pay back my investment by earning dividends:

PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit

Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years

Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? ...

Not taking into consideration, that you own the shares, too.
You can 'mine' for some time, then sell the shares.

[spartan82]

It should be noted that 46%, as stated on havelock at time of posting this, is a pretty attractive yield and considering that we are nowhere near our initial guestimated hashing power, I myself feel that the shareholders/investors are doing a considerably great job keeping the share price at a stable price of approximately 0.07btc. The 35% reinvestment fund is the make or break part of this operation. If we can get to the 8.68gh/share real quick and the reinvestment funds are used adequately to keep up with the difficulty increases then this could most probably be the best mining fund out there for its value. I see cryptx is taking his time out each week to update shareholders with information of what the dividends consist of, which is fair play, but the schedule of mining equipment coming online has not been so forthcoming. Seeing the difficulty rises have not been as cut throat as many have expected, I think it is safe to say now that the development and supply of mining equipment has been delayed across the board and has not just affected this particular mining fund.

[rdyoung]

I've just discovered PETA while browsing Havelock and am interested in learning more and possibly investing.

I did a bit of math, to see how long it would take to pay back my investment by earning dividends:

PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit

Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years

Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? ...

Not taking into consideration, that you own the shares, too.
You can 'mine' for some time, then sell the shares.

This is the most important part.
Owning shares in Peta is akin to owning ghs on the exchanges that sell them, except Peta will reinvest on your behalf and you can still cash out at your leisure.
If you bought 1 share and then sold after dividends were paid you cashed out with a positive roi, regardless of what's going on behind the scenes.

[Anotheranonlol]

I've just discovered PETA while browsing Havelock and am interested in learning more and possibly investing.

I did a bit of math, to see how long it would take to pay back my investment by earning dividends:

PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit

Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years

Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? How are you seeing the value of this investment? 

I guess I'm questioning this because most mining operations expect to recoup their investment in months, not years.

It was supposed to be months, not years. We're currently hashing at 120 Th/s. Should have been north of 500 by now. Bitmine is failing to deliver on time. If we can get the 700 Th/s by end of April I'd say ROI at current share price would be 6 months.

can always go with asicminer instead. based on last dividend you are looking at just shy of 40 years...

[Foebar]

Eligius is acting up again, all miners (not only PETA) are dropping hashrate

Maybe convert the mine to a more stable pool?

@ Cryptx : maybe set an auto payout thresshold in Eligius, then we don't have to wait 34 blocks to process bigger BTC amounts.

[ujka]

Eligius is acting up again, all miners (not only PETA) are dropping hashrate
Maybe convert the mine to a more stable pool?

Eligius unnder DDoS:

Someone is hitting Eligius pretty hard with a DDoS, hitting multiple Eligius nodes simultaneously.

Working on mitigation.

@ Cryptx : maybe set an auto payout thresshold in Eligius, then we don't have to wait 34 blocks to process bigger BTC amounts.

Don't know what you mean, minimum treshold? Won't help.
Maximum? No such thing.

[Foebar]

Eligius is acting up again, all miners (not only PETA) are dropping hashrate
Maybe convert the mine to a more stable pool?

Eligius unnder DDoS:

Someone is hitting Eligius pretty hard with a DDoS, hitting multiple Eligius nodes simultaneously.

Working on mitigation.

@ Cryptx : maybe set an auto payout thresshold in Eligius, then we don't have to wait 34 blocks to process bigger BTC amounts.

Don't know what you mean, minimum treshold? Won't help.
Maximum? No such thing.

Automatic payout every 4 or 5 BTC credited to our account, now cryptx logs on to Eligius and asks for a payout

With auto payouts, we get a more stable flow of BTC to the wallet and we don't run the risk that on payout day the total balance is short 15 - 20 BTC because it's in a long payout queue at Eligius (remember that we're going for a 700 TH mine and that payouts should be 6 times higher when all hardware is delivered)

[mikemikemike]

CryptX, fancy updating us with the current delivery schedule/situation?

[eyecoins]

Looks like more hardware coming online this morning. 128 second average: 125TH.

[stompysteve]

Looks like more hardware coming online this morning. 128 second average: 125TH.

it will hit 128 sometimes if all the machines pump out a buncha shares all at once making them look faster because they were lucky, nothing new online

[millenium]

seems more hw  coming online, default miners is 67 TH

[eyecoins]

Looks like more hardware coming online this morning. 128 second average: 125TH.

it will hit 128 sometimes if all the machines pump out a buncha shares all at once making them look faster because they were lucky, nothing new online

This is the first time its ever been over 130TH so I think it is more than just variance.