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

[zevtiefenbach]

The fuck are you talking about?

This describes quite well what i think about your posts. First, you insult me because i ask for sources, then:

And of course they exclude PCB costs because we are using the capital from the IPO for PCBs.

You confirm the reason why i was asking for a source. That the $2.2 number tells only part of the story, the actual cost per GH/s is higher.


And after you confirmed my skepticism, you cover your escape with more insults. It's not very effective..

i've been quietly watching this board for quite a while and i gotta admit that i can't figure out what you're talking about Darkstone2. I'm as skeptical as anyone but the issues that you are raising questions about are completely clear and obvious to me (and apparently everyone else . . . ). The $2.2 # represents the price of the units ordered from China. They are coming ready to hash with about a week of delivery time. No issues. No need for PCBs. Nothing. It is completely straightforward. Cryptx has been utterly clear about the use of the re-investment funds. There has been no ambiguity on this at all.

I can understand why people are so frustrated with your commentary.As far as I can tell, there is no substance to your critique at all. The more forcefully you raise these non-existant issues, the less credibility you have with the public-at-large.

Just my 2 cents from following the thread. . . 

[mikemikemike]

The fuck are you talking about?

This describes quite well what i think about your posts. First, you insult me because i ask for sources, then:

And of course they exclude PCB costs because we are using the capital from the IPO for PCBs.

You confirm the reason why i was asking for a source. That the $2.2 number tells only part of the story, the actual cost per GH/s is higher.


And after you confirmed my skepticism, you cover your escape with more insults. It's not very effective..

You asked for a source on someone saying reinvestment was 2.2 dollars per GH, this didn't need a source, the information is available to everyone, and the calculation is simple.

You are then implying the PCBs are part of the current reinvestment which is completely wrong, which is also information that is available to everyone. This was the context of the original discussion and where this has all stemmed from.

You clearly have done no research into this project, nor are you trying to discuss any of the points made within their original context. This only backs up my claim that you are either an idiot or here solely to troll.

Anyways, onto your current point.

If your now saying that our overall cost of GH/s will be higher because of our own units then maybe, on one side we have cheap Chinese suppliers who have profit margins to make, on the otherside we have our own supply lines which are completely unknown. But even if the cost of GH/s is slightly higher, and that's an if, we can only speculate on how much we are spending on our own units., we still have to account for the value we gain by having more control over the production and delivery process. This sort of control would outweigh any marginal increase in our cost per GH/s.

So if you are speculating there is an overall increase in cost per GH/s, and then you are going on to speculate that this increase in costs completely outweighs any value we gain, because this is the conclusion if your are saying your skepticism has been confirmed, then you are speculating beyond speculating.

And if that's the case, and your speculating beyond speculating, then why do you spend so much time in this thread posting speculation without any substantive basis or insight? Because that's basically what you are doing.

Trolling? Every bone in my body tells me that's what your here for.

Please refute what I am saying so we can actually have a discussion, otherwise please understand why I am continuously coming to the same conclusions about you time after time. I keep saying you are reinforcing my opinion on you each time you post but I just think you are too stupid to realise it.

Jesus Christ I hate trying to make sense. Writing your a troll or an idiot is so much easier. But I'm trying to give you the benefit of the doubt one last time.

As usual, I'm awaiting you to take a small bit of this post out of context to start a discussion about something which coincides with your agenda. Please prove me wrong.

[nwfella]

Going to cue in with my guess for this week's upcoming dividend: 0.00076182 /*regardless of BTC price :p*/

[ujka]

Going to cue in with my guess for this week's upcoming dividend: 0.00076182 /*regardless of BTC price :p*/

I'm in with a guess of...
0.00098999

[EdoBcn]

Going to cue in with my guess for this week's upcoming dividend: 0.00076182 /*regardless of BTC price :p*/

I'm in with a guess of...
0.00098999

0.001100493 (without chips or NMC)

(yeah, optimistic )

[EdoBcn]

Regarding the spike for the (most likely) large order:
my 2mBTC:

I've seen the same when I entered with larger sum of btc after IPO. The price went up to almost 0.1 only because I was buying all available shares. Of course, then it collapsed back to the "usual" price.

Dumb thing to do. I regret it. But I don't regret having purchased my shares.

[naaktslak]

what will the hashrate be, 700 max?

[ujka]

what will the hashrate be, 700 max?

700 th/s is bought with IPO.
35% of the profit of the mine goes to new hardware.

[Collider]

what will the hashrate be, 700 max?

700 th/s is bought with IPO.
35% of the profit of the mine goes to new hardware.

Plus some compensation from bitmine.ch for not meeting their delivery deadlines.

[E f f e c T]

Looks like stats on http://www.peta-mine.co/stats/ are stuck

That plus the fact that someone just market purchased and leaked all the way up to .08 makes me think that someone knows something.

Should be an interesting day.

CryptX still has to sell 17000 shares. This will most likely be very soon. Someone knows the new IPO price will be above 0.08.

/speculation

Either that or a large holder just wanted in no matter the cost.

I must say, either way, its pretty suspicious.

[cesmak]

Looks like stats on http://www.peta-mine.co/stats/ are stuck

That plus the fact that someone just market purchased and leaked all the way up to .08 makes me think that someone knows something.

Should be an interesting day.

CryptX still has to sell 17000 shares. This will most likely be very soon. Someone knows the new IPO price will be above 0.08.

/speculation

Either that or a large holder just wanted in no matter the cost.

I must say, either way, its pretty suspicious.

If i remember well, when the last ipo ended someone told that the unsolded shares will never reach the market again, no new ipo or diluition or shares sell...

CyptX could confirm that ?

[JstnPwll]

If i remember well, when the last ipo ended someone told that the unsolded shares will never reach the market again, no new ipo or diluition or shares sell...

CyptX could confirm that ?

From the February 22 update:

CryptX will remain the right to IPO the remaining 19,326 shares at an equal hashrate per share at the time of the IPO, so no dilution is possible. This enables us to give the PETAMINE an extra boost of minimum 170 TH/s.

So the shares can still be sold, but they will have to add hashrate.

[cesmak]

Ok Thank you for the clarifications !

Cheers   

[stompysteve]

did we really hit 580 or data error 

[mikemikemike]

did we really hit 580 or data error  

Chances are its just some variance. Its huge but it might just be an issue with the stats

Im basing this on CryptX saying due to public holidays in belgium there would be no new units between the 1st and the 4th of may

The 5th of may is going to be an interesting day

[JstnPwll]

* 5th of Mai.

[mikemikemike]

* 5th of Mai.

Lol.

[bcmine]

http://imgur.com/P0myVrg

Price or btc values, in % (looks the same).

I've added the BTC price for each dividend pay date, as a reference.
Hosting cost keeps rising and looks (correctly) correlated to btc price (until last week, were massive deployment happened... so should be fine).

I'm not convinced that I'm looking at data correctly. Maybe I should add difficulty in there?

If the trend keeps going this way, by the 1st of August we should have:
75% for Hosting
9% reinvestment
16% dividends.

At the end of September, the dividends go to zero.

Of course, only if the BTC/$ trend keeps falling and if we can't deploy at cheaper costs. I think that the focus now will really be on the new boards and on less power consumption units (or cheaper electricity?)

Reinvestment looks good until now, over 20% while difficulty didn't keep the same rate.
Am I reading this completely wrong? Does anyone have a nice excel to share?

In 4-6 months you should get your investment back otherwise you are making loses in mining. So mining devices companys are giving you a price for hardware, so you can ROI in 4-6 months. On the same, they develop new more efficient hardware, so they can sell you after 6-8 months new hardware.

thats 1x1 of mining since 2010. with that strategy there was possible to make 10% raise of difficulty every 10 days and mine without losing money, just making constant profits.

petamine is a bigscale failed experiment. Once broken up with selling their hardware, because they were technicaly incompetent. Now, they are technicaly able to manage their farm, but they are too late for ROI. There are financial procedures to bring the project on track, but first there will be loses for the masses.

When you look at their spreadsheet, they anticipated dividend going down, because of the their costs. Whatever, they calculated with max 3,5 PH raise a period, what was at the end of 2013 illusionary (because of the XBT jump). At that time 4 - 8 was realistic until end of 2014. As long the XBT stays low as now there should be no more higher jumps in difficulty. So a lower XBT price is living good in a symbiosis with mining.


@mikemikemike
we never forget and never forgive. because trolls and haters are destroing the world. so you still here to push petamine with your blind incompetance shown on neo&bee. Neo&bee stopped paying you? Petamine still paying you after your freak out?  i told you, go to parliament being a lobbyist and not harming bitcoins. But I guess you cant, when you such a butt-head.
Cmon start being cute again and repeat your sentance: "I was never ...... troll, hater, pusher, butt-head"

[mikemikemike]

http://imgur.com/P0myVrg

Price or btc values, in % (looks the same).

I've added the BTC price for each dividend pay date, as a reference.
Hosting cost keeps rising and looks (correctly) correlated to btc price (until last week, were massive deployment happened... so should be fine).

I'm not convinced that I'm looking at data correctly. Maybe I should add difficulty in there?

If the trend keeps going this way, by the 1st of August we should have:
75% for Hosting
9% reinvestment
16% dividends.

At the end of September, the dividends go to zero.

Of course, only if the BTC/$ trend keeps falling and if we can't deploy at cheaper costs. I think that the focus now will really be on the new boards and on less power consumption units (or cheaper electricity?)

Reinvestment looks good until now, over 20% while difficulty didn't keep the same rate.
Am I reading this completely wrong? Does anyone have a nice excel to share?

In 4-6 months you should get your investment back otherwise you are making loses in mining. So mining devices companys are giving you a price for hardware, so you can ROI in 4-6 months. On the same, they develop new more efficient hardware, so they can sell you after 6-8 months new hardware.

thats 1x1 of mining since 2010. with that strategy there was possible to make 10% raise of difficulty every 10 days and mine without losing money, just making constant profits.

petamine is a bigscale failed experiment. Once broken up with selling their hardware, because they were technicaly incompetent. Now, they are technicaly able to manage their farm, but they are too late for ROI. There are financial procedures to bring the project on track, but first there will be loses for the masses.

When you look at their spreadsheet, they anticipated dividend going down, because of the their costs. Whatever, they calculated with max 3,5 PH raise a period, what was at the end of 2013 illusionary (because of the XBT jump). At that time 4 - 8 was realistic until end of 2014. As long the XBT stays low as now there should be no more higher jumps in difficulty. So a lower XBT price is living good in a symbiosis with mining.


@mikemikemike
we never forget and never forgive. because trolls and haters are destroing the world. so you still here to push petamine with your blind incompetance shown on neo&bee. Neo&bee stopped paying you? Petamine still paying you after your freak out?  i told you, go to parliament being a lobbyist and not harming bitcoins. But I guess you cant, when you such a butt-head.
Cmon start being cute again and repeat your sentance: "I was never ...... troll, hater, pusher, butt-head"

Welcome back dude. Every friday to buy shares like clockwork.you should try being a bit less predictable! Try Thursday afternoon next time

Happy Mai  

[E f f e c T]

Welcome back dude. Every friday to buy shares like clockwork.you should try being a bit less predictable! Try Thursday afternoon next time

Happy Mai  

Lol. He loves you mate.

Don't know why he keeps going on about neobee, guess he's gotta discredit you somehow