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

[crino]

Could someone please explain this 'Wall" thing? 
Thanks.

Its basically a very large buy or sell order that would have to be filled for the price to keep increasing or decreasing. In sell orders its typically called a floor.
The "wall" at 100btc is meant as a joke. I can say with with 100% certainty peta will never hit 100btc/share

Never say never 

[rdyoung]

Could someone please explain this 'Wall" thing? 
Thanks.

Its basically a very large buy or sell order that would have to be filled for the price to keep increasing or decreasing. In sell orders its typically called a floor.
The "wall" at 100btc is meant as a joke. I can say with with 100% certainty peta will never hit 100btc/share

Never say never 

True, but in this case, 100btc/share would price it at approximately 50k USD. The only stock I am aware of in that range is berkshire hathaway because warren buffet refused to do splits.

[Ashitank]

Why so much selling pressure despite increasing hashrate 

[mikemikemike]

Why so much selling pressure despite increasing hashrate  

This is something I'm very interested to find out aswell. It might be a large amount of people who brought in when the price bubbled up to 0.12 and are not willing to wait for the price to restore, it might also be people who need the capital, it might also be traders who are just coming in and out. I dare say it aswell but it could also be people who are unhappy with the current situation, but considering how well things are progressing it seems crazy to sell out. Honestly, I can't really be certain, it seems slightly alien to me considering the situation.

What I can be certain about is most of the people who are selling out now are probably in this for the short term, and there is only so many people who can sell out until we are left with the long term holders and the price begins to naturally rise.

But tbh I'm starting to enjoy the low price, it allows me to accumulate more shares without breaking the bank. And with dividends rising, with record breaking ones last week, this week and next, we are still seeing a great return.

On a side note, we should see a rise this weekend as we smash another record dividend. Allot of the people less interested in the project and more looking for an easy profit will jump on board as they see us beating record after record. Give it a week or two, we should see some nice growth by then. I'm still holding out till we break the previous record of 0.12 before I consider selling even a small amount(this would represent a 2.4x profit on my cost average)

Anyways, I'd be interested to hear from someone who is not bcmine or darkstone2 as to why they are selling. Would give us some valuable insight.

[EdoBcn]

is it already taxes days? or ?
I mean, removing the noise of the single digits sells, there is not much going on. Also, if someone could sell out now at 0.065 versus ipo 0.05, good margin, bravo, but then what?
Not really the right moment to sell btc for fiat. I think we are all in btc for the long term. Peta currently gives a (give or take) 1% WEEKLY interest, in btc.
And with reinvestment we are somehow guaranteed to keep having this 52% yearly interest. Net. In btc.

hell, my bank pays me 1% gross on my savings if I don't touch them for a whole year. Can't really get better than Peta.

not taking in consideration:
1- shareprice will raise, making a gain when selling
2- dividend is paid weekly, allowing to buy more shares or cashout what needed.
3- We should be at 700TH/s, 3X the current dividend
4- If when the btc price will raise, maintenance will cost less than current rates.

and more,more,more.

Honestly, I'm happy to have found this fund and to have purchased since ipo. Thou, would have purchased more at ipo, but heck...
Anyway, if we would have been mining at 700 today, we would have had way more funds for reinvestment. This pisses me off a little.
I've read some comments on "contractual penalties", but for how much in Europe the situation is different than US, we should have had stronger insurance for bitmine.

/rant
sorry for the long post.

[E f f e c T]

Hey guys,

The reason we are still seeing sell pressure is uncertainty. The issue with this project isn't with the fundamentals, because fundamentally, looking at the results as they are at now, it's arguably the best project to be in. We have an excellent management team, coupled by already existing and paid for contracts, relationships with multiple suppliers and most importantly, an ability now to produce our own machines at a much lower price than any of the competition.

But the reason the shareprice is stagnated is a lack of financial information, outside of what i have posted above, no one really has a clear understanding of where we are at financially or where we are going and this is what impacts share price the most. Until we get a full update of the entire situation, including projections, we are still going to see huge amounts of speculation and therefore uncertainty, which this thread is nearly entirely full of. If CryptX was to clear all this up, and give us the sort of quarterly update with projections that other securities get, then I believe we would see a huge rise in the share price as people realised the situation we are in and wern't just guessing.

It would be ideal if CryptX could give us some new projections, I would do them myself but they would probably not be accurate. CryptX, it would be a lovely if you could pull them together, it would really benifit all of us greatly. It would also get rid of allot of the speculation in this thread that is bordering on the FUD level.

Anyways, keep up the great work CryptX. If you fancy making your shareholders very happy then a full update with projections would be a very very early Christmas present for us all  

Thanks,

[Anotheranonlol]

here you can see user running scalp bot on 30s interval, it's so crude and basic yet very effective at keeping the price down combined with havelock low volume

[mikemikemike]

Hey guys,

The reason we are still seeing sell pressure is uncertainty. The issue with this project isn't with the fundamentals, because fundamentally, looking at the results as they are at now, it's arguably the best project to be in. We have an excellent management team, coupled by already existing and paid for contracts, relationships with multiple suppliers and most importantly, an ability now to produce our own machines at a much lower price than any of the competition.

But the reason the shareprice is stagnated is a lack of financial information, outside of what i have posted above, no one really has a clear understanding of where we are at financially or where we are going and this is what impacts share price the most. Until we get a full update of the entire situation, including projections, we are still going to see huge amounts of speculation and therefore uncertainty, which this thread is nearly entirely full of. If CryptX was to clear all this up, and give us the sort of quarterly update with projections that other securities get, then I believe we would see a huge rise in the share price as people realised the situation we are in and wern't just guessing.

It would be ideal if CryptX could give us some new projections, I would do them myself but they would probably not be accurate. CryptX, it would be a lovely if you could pull them together, it would really benifit all of us greatly. It would also get rid of allot of the speculation in this thread that is bordering on the FUD level.

Anyways, keep up the great work CryptX. If you fancy making your shareholders very happy then a full update with projections would be a very very early Christmas present for us all  

Thanks,

+1 +2 +3

This makes allot more sense than anything I can think of. Its the only thing that explains how we have increased in size by over a half in under a week, even with all of the positive news, yet share price is still down. Too many unknowns. Need clarification on the financials and a full update of the entire situation. Too much speculation and uncertainty, even with all the positive news. This thread kinda sums it up

[EdoBcn]

here you can see user running scalp bot on 30s interval, it's so crude and basic yet very effective at keeping the price down combined with havelock low volume

Thanks for this. It is quite clear
However, maybe someone can explain/clarify me a couple of things:

I suppose that the owner of this bot has both cash and shares to play with (assumption?)

So:
1. you have btc available, but you prefer to keep btc rather than getting dividends.
2. you have shares available, but you "use" them to lower the price.

If the above is correct, I would really really like to know "how is it going?". Did you actually increase the number of shares you own over time? How do you survive with the fees from Havelock? (with small variations from sell/buy/sell/buy, the fees should be killing you... I don't get it)
And more important, how do you keep track of all the operations and the final balance of shares/price paid?
Are you keeping track in excel or you use a small DB to extract calculations and reports?
And: are you actually profitable more in Peta/Havelock or would you have more benefit on playing your bot on a btc/fiat exchange?

Feel free to use a throwaway account to reply, but please, explain (and thanks in advance if you decide to do so).

Bonus questions:
are you playing to keep the price down to increase annual yeld? Are you trying to increase the number of shares you own or are you looking for a short term profit?

[Foebar]

15 min : 328 Th
1 hour : 304 Th

up we go

[cryptoconomist]

15 min : 328 Th
1 hour : 304 Th

up we go

346 367
318

to the moon  

[Ashitank]

369 Th & going up.

[Anotheranonlol]

369 Th & going up.

Focus on the 1hr interval to avoid false hope

[Ashitank]

369 Th & going up.

Focus on the 1hr interval to avoid false hope

I think best pointer is 24 hours hash rate which is a good indicator if calculating dividends   , but watching hashrate go-up is cool.

[Foebar]

now they need to upgrade the dashboard to further reflect progress

so set max value at 800TH or so

indeed it's best to look at the 1 hour and 24 hour meters, 15min is not representative enough

@ Cryptx, perhaps post an extract of a block found on ghash.io

F.E

We have solved the block #XXXXXX (25.1415 BTC) in 19 minutes at 15644.76 Th/s and done 4057801792 total work.
Your shares: XXXXXX/25000006577 (XX.XX%)
Payout: XX.XXXX BTC

just somewhat nice to know how much of mining power we bring to the pool itself

[cryptoconomist]

now they need to upgrade the dashboard to further reflect progress

so set max value at 800TH or so

indeed it's best to look at the 1 hour and 24 hour meters, 15min is not representative enough

@ Cryptx, perhaps post an extract of a block found on ghash.io

F.E

We have solved the block #XXXXXX (25.1415 BTC) in 19 minutes at 15644.76 Th/s and done 4057801792 total work.
Your shares: XXXXXX/25000006577 (XX.XX%)
Payout: XX.XXXX BTC

just somewhat nice to know how much of mining power we bring to the pool itself

Shouldn't we be Solo mining by now? can someone go into details of the pros and cons

[Anotheranonlol]

now they need to upgrade the dashboard to further reflect progress

so set max value at 800TH or so

indeed it's best to look at the 1 hour and 24 hour meters, 15min is not representative enough

@ Cryptx, perhaps post an extract of a block found on ghash.io

F.E

We have solved the block #XXXXXX (25.1415 BTC) in 19 minutes at 15644.76 Th/s and done 4057801792 total work.
Your shares: XXXXXX/25000006577 (XX.XX%)
Payout: XX.XXXX BTC

just somewhat nice to know how much of mining power we bring to the pool itself

for detailed stats, Ghash supports 'read only' guest accounts.
example:

https://cex.io/signin?return=/trade/ghash

user: labcoin2
pass: 12345

[Foebar]

without detailed calculations : I think we still have insufficient mining power to go with luck into finding blocks ourselves

@ 350 Th/s : Average generation time for a block : 23 hours, 47 minutes

[spartan82]

Very impressive jump here today, finally reached half the proposed initial hashrate. Good work boys keep em coming plz.

[altoidmintz]

without detailed calculations : I think we still have insufficient mining power to go with luck into finding blocks ourselves

@ 350 Th/s : Average generation time for a block : 23 hours, 47 minutes

1 Are we at 350 or closer to 380 and still increasing?

2 What's wrong with 1 block each day on average? Seems fine to me.