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

[Aireun]

Sweet, not a bad update. Looking forward to the new rigs starting up soon and a sudden jump in hashing power.

On a plus note we seem to still be making "steady" progress with regards to hashing power aside all the problems with shipment and such.

End of Week 1. Average Hash Rate: 60th
End of Week 2. Average Hash Rate: 64th
End of Week 3. Average Hash Rate: 100th
End of Week 4. Average Hash Rate: 120th
End of Week 5. Average Hash Rate: 151th
End of Week 6. Average Hash Rate: 175th
End of Week 7. Average Hash Rate: 194th

Keep on Trucking Cryptx!

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[BiteMyShinyMetalAss]

Brcmine, what do you have to say? When will we reach 0.025?

[mikemikemike]

Brcmine, what do you have to say? When will we reach 0.025?

lol

[rdyoung]

P.S.  Would be nice to get a breakdown of DVC/NMC/IXC coin revenue and where it get's directed too.  Personally I would love to see it go towards more hardware reinvestment.

The merged mining is an extra 1.1% or so if we are lucky, I would rather they wait till there is enough there to buy more than a cup of coffee before they cash it in.
I would also rather see it go straight to new hardware as well.

[pedrog]

P.S.  Would be nice to get a breakdown of DVC/NMC/IXC coin revenue and where it get's directed too.  Personally I would love to see it go towards more hardware reinvestment.

The merged mining is an extra 1.1% or so if we are lucky, I would rather they wait till there is enough there to buy more than a cup of coffee before they cash it in.
I would also rather see it go straight to new hardware as well.

Our namecoin address: https://dotbit.me/block_explorer/address/N6a18WfxGRmyzLhAMmzXGokAXt5PizB28B

[rdyoung]

P.S.  Would be nice to get a breakdown of DVC/NMC/IXC coin revenue and where it get's directed too.  Personally I would love to see it go towards more hardware reinvestment.

The merged mining is an extra 1.1% or so if we are lucky, I would rather they wait till there is enough there to buy more than a cup of coffee before they cash it in.
I would also rather see it go straight to new hardware as well.

Our namecoin address: https://dotbit.me/block_explorer/address/N6a18WfxGRmyzLhAMmzXGokAXt5PizB28B

That account is moot now. Cex.io/ghash.io don't auto payout to nmc/dvc/ixc, and it would make more sense for them to withdraw direct to an exchange instead of using an address in the middle.

[rdyoung]

Brcmine, what do you have to say? When will we reach 0.025?

lol

Next week (tm) lol. When peta doubles its speed its still worth less than 0.04 xbt a share and thats just the cex.io april price comparison, cut the half off than you are at 0.025.

As the most shareholders bought the share at IPO price 0.06 and 0.05 it will stay there i guess for longer with to the moon forecasts or a fast breakout down to 0.025.

First off, when I gave peta a fair value of 0.026btc I was using the lowest priced cloud mine I was aware of.
I made a mistake and didn't include that info in my previous posts, so I will do the math from scratch.

You can't base the current fair value of something on information from one of many possible futures.
We will use the following stats for a fair value assessment for TODAY.
Peta Hashrate of 195.18THS = that is the 24hr average at the time of this post.
I will skip ROI because cex and peta both allow you to cashout.
I will compare it to cex.io current price because see above line. Plus you can be mining NOW, Not when the FHA and FHM convert to ghs

I was never good at showing my work so if I screw up somewhere, please call me on it and I will fix it.

Step one, we divide the current hashrate of the mine by the outstanding shares.
195,180ghs/80674 = 2.41ghs/share

Cex current ghs price = 0.0106
0.0106 * 2.41 = .0255btc/share
So if they double the hashrate that puts them at 4.82ghs/share meaning .051btc/share.

I know the above was over simplified, but I haven't seen any in depths analysis from you so all I can assume is that your doing very basic math to come to your conclusions. If you would like me to include other variables, throw up your own equations and I will respond in kind.

You are also forgetting one very, if not the most important part when it comes to anything traded/bought/sold on a free and open market.
Investor sentiment and emotion. The intelligent, emotionless investor/trader can assign all the fair values they want to something, but a free market is basically an auction where most people let their emotions control their trading. When the average investor reads news about petamine deploying new hardware or that they expect to be receiving the first custom hardware in the coming days they buy in on hope for the future, and if/when its bad news the opposite is true. Its not the news that moves the market its the traders reaction to the news that does it.

[rdyoung]

"The way to hell is paved with good intentions." You say it.

-Because of difficulty rise, if you dont have your money after 6 months back, you cant make profit - that is the rule with XBT $500. No good operation works on less than 20% return a month back or you lose value. Traditional market comparison? Apples vs. Pears. Its technology.
-Price is dropping, no buyers. There will be no significant raise of GH in the next week, I promise, so the price will drop to 0.04 and further ....0,004 XBT per GH (see my calculations)

WHAT THE HELL?

Who decided that an operation can't run on 20% or less a month in return? Your own website claims your making 15%/quarter thats 5%/month so I guess your failing?
Those of that see bitcoins potential are in this for the long haul, even 10% return a month is 120% net a year, that's 100% roi in 8.5 months give or take a few days and after that its all profit. If your in bitcoin to become a billionaire in 6 months, your doing it wrong. If you keep comparing roi from invested btc in the fiat equivalent you will get confused and lose money. Its better to calculate return on btc earned from an investment.

Not sure how to address the apples versus pears, no clue what that even means. Not sure you do either.

Would you please post your calculations or provide a link to where you have posted them? I have looked at your site and to be honest the design scares me a bit, I have built more than my share of websites over the past 2 decades and never would create something that tacky and badly worded.
If english isn't your first language find someone to rewrite it for you so its easier to understand and doesn't scream scam. Honestly it hurts my eyes to look at it.

[mikemikemike]

guys seriously, stop feeding the troll. we know he's here to spread FUD, lets not acknowledge his bullshit with a dignified response. its just wasting time and actually giving credibility to the shit he comes up with

[mikemikemike]

and no offence, but your all wrong.

firstly, you can't use CEX.io prices to value a security. i think E f f e c T posted a pretty detailed explanation why.

and also, if hashing doubled, we would have a yield of over 100%, there is no way the share price then goes down to 0.05. the yield would then be 130%. these are securities guys, not cloud mining contracts. stop being silly comparing the two.

anyways, im gong to sleep. and then im gonna wake up a sing and dance because FUCKING YES CRYPTX YOU LEGEND

[rdyoung]

and no offence, but your all wrong.

firstly, you can't use CEX.io prices to value a security. i think E f f e c T posted a pretty detailed explanation why.

and also, if hashing doubled, we would have a yield of over 100%, there is no way the share price then goes down to 0.05. the yield would then be 130%. these are securities guys, not cloud mining contracts. stop being silly comparing the two.

anyways, im gong to sleep. and then im gonna wake up a sing and dance because FUCKING YES CRYPTX YOU LEGEND

I am well aware that comparing peta to cex or any other pay per ghs cloud mining operation is like comparing apples to airplanes. I was going to go into a more detailed mathematical breakdown taking into account the hosting fee, reinvestment, etc but decided against it because its obvious we aren't dealing with a math scholar here. What you can do on a more basic level that most people will understand is compare the amount of ghs you will be earning on vs another option, even as trollish as bcmine is, this is what he is trying to get to, be it at a level that 3rd graders could understand.

[Elvis Trout]

simply comparing hash prices completely disregards the reinvestment, which means petamine shares retain value whereas cex.io ghs lose it very quickly.

[rdyoung]

simply comparing hash prices completely disregards the reinvestment, which means petamine shares retain value whereas cex.io ghs lose it very quickly.

True, read my last post

[Darkstone2]

You can't base the current fair value of something on information from one of many possible futures.

Ehh. Yes you can. Create multiple forecasts and pick one in the middle.

195,180ghs/80674 = 2.41ghs/share

Cex current ghs price = 0.0106
0.0106 * 2.41 = .0255btc/share
So if they double the hashrate that puts them at 4.82ghs/share meaning .051btc/share.

BDD = 0.0074 btc/GHs.

Additionally, your analysis is slightly flawed. One GHs at cex.io is not really 1 GHs, but 0.94 GHs since you pay hosting costs and pool fees. One GHs at BDD is really 1 GHs. And 1 GHs at petamine is more like 0.75 GHs because the high hosting costs.

[E f f e c T]

CryptX, what is the estimated rate of unit production per week?

in your original estimations you said you could deliver 250TH/s in three weeks, does this still stand?

[mikemikemike]

CryptX, what is the estimated rate of unit production per week?

in your original estimations you said you could deliver 250TH/s in three weeks, does this still stand?

if that stands the share price will break the all time high! 2% OF THE NETWORK HERE WE COME!!! CRYPTX I LOVE YOU <3

[oma5]

Since I bought shares, I have noticed that almost without exception the share price drops in the days before the dividend payout and then over the weekend the share price rises! Weird that people sell before they receive their dividend, and then buy after the dividend opportunity is lost! On Wednesday I put in a stink bid with my earned dividends, and on Thursday I was totally surprised that my order was filled. Now since that purchase, the share price is up over 46% in just three days plus I got my additional dividend!!! Will the share price drop again next Wednesday?  I hope so, so I can repeat this again!!! 

[Elvis Trout]

Since I bought shares, I have noticed that almost without exception the share price drops in the days before the dividend payout and then over the weekend the share price rises! Weird that people sell before they receive their dividend, and then buy after the dividend opportunity is lost! On Wednesday I put in a stink bid with my earned dividends, and on Thursday I was totally surprised that my order was filled. Now since that purchase, the share price is up over 46% in just three days plus I got my additional dividend!!! Will the share price drop again next Wednesday?  I hope so, so I can repeat this again!!! 

Probably the work of bcmine and darkstone botting. They probably pick up shares on the cheap, collect divs and then sell them again.

[Darkstone2]

I suggest that you keep those lies to yourself. I don't run bots on petamine's share market, the phenomena oma5 mentioned exists on almost every market that deals with dividends.

[ujka]

Since I bought shares, I have noticed that almost without exception the share price drops in the days before the dividend payout and then over the weekend the share price rises! Weird that people sell before they receive their dividend, and then buy after the dividend opportunity is lost! On Wednesday I put in a stink bid with my earned dividends, and on Thursday I was totally surprised that my order was filled. Now since that purchase, the share price is up over 46% in just three days plus I got my additional dividend!!! Will the share price drop again next Wednesday?  I hope so, so I can repeat this again!!!  

You have to look at the bigger picture around Bitcoin, not only PETA project. This week we had a big drop in BTC price, and that influenced the share price here. The most two days ago.
Yesterday, but after dividends payout, CryptX announced custom boards are in production. That's great news, that we can start own production after all the delays on Bitmine part, and shares went up.