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

[stompysteve]

I am a little bit confused, why is it cheaper to buy dragon miners over  custom made boards...?

Could you make a statement about this today, or just a better idea on reinvestment and why buying dragon miners

I feel like the best bang for your buck is with chips since we can already make boards? am i wrong

[hephaist0s]

I am a little bit confused, why is it cheaper to buy dragon miners over  custom made boards...?

Could you make a statement about this today, or just a better idea on reinvestment and why buying dragon miners

I feel like the best bang for your buck is with chips since we can already make boards? am i wrong

From the May 2 cryptx update:

- We are working on some analyses and will announce some ideas for strategical improvements next week.

So, here's hoping we do hear more about this. My guess is that when we had less hardware deployed, there was pressure to show some progress and so buying a few TH/s here and there that could be quickly delivered made sense. Overall, though, I agree that may not be the best bang for our money.

Hopefully analysis along these lines from cryptx today.

[stompysteve]

Divs
0.00109209

[pedrog]

Divs
0.00109209

I was hoping a little more, 0,25 $/kWh doesn't seem to have a significant impact on our divs.

[cryptoconomist]

Divs
0.00109209

I was hoping a little more, 0,25 $/kWh doesn't seem to have a significant impact on our divs.

It's starting today so next week you will see a big jump in div. even with network going up 10%

[mikemikemike]

Divs
0.00109209

I was hoping a little more, 0,25 $/kWh doesn't seem to have a significant impact on our divs.

It's starting today so next week you will see a big jump in div. even with network going up 10%

Maybe not a big jump. Divs were inflated this week because of chip sales, if we readjust the reinvestment percentage also, a div next week of 0.01 would be pretty good. But then we would have that consistently

I'm Personally hoping for some IPO news, we still have 18,000 shares that could be very well spent

[Usman056]

Divs
0.00109209

I was hoping a little more, 0,25 $/kWh doesn't seem to have a significant impact on our divs.

It's starting today so next week you will see a big jump in div. even with network going up 10%

Maybe not a big jump. Divs were inflated this week because of chip sales, if we readjust the reinvestment percentage also, a div next week of 0.01 .001 would be pretty good. But then we would have that consistently

I'm Personally hoping for some IPO news, we still have 18,000 shares that could be very well spent

[cryptx]

Info about dividend payout for this week:

216.88748095 BTC in total from mining, converted NMC's and chip sale (10 BTC):
- 88.10216063 as Dividend (0.00109209 BTC / share)
- 47.43962496 Reinvestment
- 81.34569536 Hosting Fee

Status update:
Starting today, hosting costs will be lowered from $0.45 to $0.25 as a first step towards strengthening the PetaMine project. More to come...

[pedrog]

Divs
0.00109209

I was hoping a little more, 0,25 $/kWh doesn't seem to have a significant impact on our divs.

It's starting today so next week you will see a big jump in div. even with network going up 10%

Oh, I see, it starts today, I've misunderstood.

[mikemikemike]

Divs
0.00109209

I was hoping a little more, 0,25 $/kWh doesn't seem to have a significant impact on our divs.

It's starting today so next week you will see a big jump in div. even with network going up 10%

Maybe not a big jump. Divs were inflated this week because of chip sales, if we readjust the reinvestment percentage also, a div next week of 0.01 .001 would be pretty good. But then we would have that consistently

I'm Personally hoping for some IPO news, we still have 18,000 shares that could be very well spent

I do this everytime, sorry.

[nwfella]

The boost we received from sold chips has resulted in a fairly nice dividend payment this week.  Well, that and the lower electricity/hosting cost(s) now.  Keep up the great work cryptx.

[trek27]

Getting confused (uneasy) with what's going on at Bitmine.
This was supposed to be a good news: http://bitmine.ch/coincraft-rig-updates-now-production/
But, after carefull reading ...

Oh, and this: http://bitmine.ch/delays-refunds-processing/

[mikemikemike]

Getting confused (uneasy) with what's going on at Bitmine.
This was supposed to be a good news: http://bitmine.ch/coincraft-rig-updates-now-production/
But, after carefull reading ...

Oh, and this: http://bitmine.ch/delays-refunds-processing/

Sounds like they are running out of capital to refund people. This is the beginning of the end for them I think.

[altoidmintz]

Getting confused (uneasy) with what's going on at Bitmine.
This was supposed to be a good news: http://bitmine.ch/coincraft-rig-updates-now-production/
But, after carefull reading ...

Oh, and this: http://bitmine.ch/delays-refunds-processing/

Sounds like they are running out of capital to refund people. This is the beginning of the end for them I think.

well that sucks

assuming we don't get any from them what does that due to price value

[trek27]

Getting confused (uneasy) with what's going on at Bitmine.
This was supposed to be a good news: http://bitmine.ch/coincraft-rig-updates-now-production/
But, after carefull reading ...

Oh, and this: http://bitmine.ch/delays-refunds-processing/

Sounds like they are running out of capital to refund people. This is the beginning of the end for them I think.

well that sucks

assuming we don't get any from them what does that due to price value

Incessant problems with cash generating activity and revoking technical (procedural) issues as reason to delay financial commitments are classic early signs of real troubles behind the doors. Though a turnaround could be still possible - probably depends on the number of people persisting to be refunded and court stance in first lawsuits.

If they really go under and CryptX gets nothing then PETA shares will come under some pressure. Thankfully custom devices are already deployed. A lot will depend on cost basis of new hardware bought for reinvestment - to continue buying Dragons would be disappointment here.
 

[Anonymousg64]

yes people sell sell sell

incase people cant read,
http://bitmine.ch/ plan to have production fully start next week once new pcb's arrive and hope to complete all deliveries by end of june.

[DropDead.Be]

when I went to www.peta-mine.co/stats it gave me security warning about the heartbleed bug.
Should I be concerned?

[rdyoung]

when I went to www.peta-mine.co/stats it gave me security warning about the heartbleed bug.
Should I be concerned?

Since they don't store any of our information, I would say NO.

[stompysteve]

cryptx there are still a lot of unanswered questions I thought you were gonna address last friday around when divs were released, I hope you can answer some of them this upcoming friday or just give a more detailed breakdown on your future plans and updates

-div% reinvest% changes due to hosting new project scryptx
-how are you going to be using reinvestment funds going forward(our own boards vs premade rigs)
-what is the status of new rigs from bitmine(we all know they are starting soon, but how many are we getting a week going forward)
-do we have future chip deals in line if we save up enough reinvestment funds or from opening up another IPO since there are always so many delays with manufacturers

[trek27]

A few words about div/reinvest percentage.

Increasing reinvestment percentage makes sense only under one condition: one is able to achieve higher payouts in medium to long term than what would be possible without such change. In current environment it is difficult to achieve - extremely low cost hardware necessary.

Actually forcing such change without fulfilling the above condition is in some sense counterproductive - shareholders interested in high income could start to dump their shares. What's more each of us can easily establish one's own private rate of reinvestment by purchasing additional shares for a part of current dividends. Of course it's a bit difficult if someone holds just a few shares but simply stretching time frame resolves this problem - purchase new shares once per month for example instead of per week.