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

[pedrog]

Can anyone post a direct link to the prospectus?
I am either blind or cannot find it.

https://www.havelockinvestments.com/reportdownload.php?id=93

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[cryptx]

Our official press release:

CRYPTX TO OFFER NEW PETAMINE IPO, WILL CLAIM 2% OF BITCOIN MINING MARKET WITH NEW HARDWARE, 1,500 TH/S HASH RATE

BRUSSELS, Belgium, 16 May, 2014 – CryptX, a limited company in Brussels, Belgium, announced today that it will deploy an additional 1,000 TH/s for PetaMine, a hosted Bitcoin mine with a current hash rate of 500 TH/s. The hardware deployment comes as part of a new IPO, through which PetaMine will grow to a hash rate of 1,500 TH/s and capture 2% of the entire Bitcoin mining market.

“We have entered a new phase of Bitcoin mining,” said CryptX CEO and CFO, Bert Valkenborgs. “Professional hosted mining operations are the future of this market. PetaMine operates in the hosted mining space and is making the leap to become a major player.”

The hardware CryptX deploys at IPO will triple the mine's hashrate. PetaMine will utilize 286 Bitfury BF3500 miners, which hash at 3.5 TH per miner. These miners maintain a maximum power consumption of 2,750 watts or 0.785 watts per GH/s, making them the best performing Bitcoin miners available today.

CryptX issued the first PetaMine IPO in August, 2013. Out of 100,000 total units, 66,206 are trading on Havelock Investments. In this IPO, CryptX will issue the remaining 33,794 units, deploying an additional 1,000 TH/s for all units outstanding. These units will be sold in three batches of 10,000 units and a final batch of 3,794 units. The initial price per unit will be 0.095 BTC, increasing to 0.0975 for the second batch, 0.10 for the third batch, and 0.1025 for the final batch. These units will be for sale from 19-31 May, 2014 on the Havelock Investments trading platform.

“The new IPO will create even more value for our investors,” said Joeri Cornelissens, CryptX CTO. “As PetaMine grows, each unit represents more hashing power. The contribution from our investors has been crucial to PetaMine's success, and we couldn't be more pleased about the expansion we're pursuing.”

To continue building a sustainable mining operation, CryptX will retain the weekly dividend it pays to unit holders until the end of the IPO. Dividends will instead be invested in additional hardware so that unit holders enjoy a much higher yield per unit. Currently, each unit represents 7.55 GH/s of total hash power. After deploying the additional 1,000 TH/s, each unit will represent 15 GH/s of hash power. Weekly dividends will be restored after IPO. Through these measures, CryptX plans to mine a total of nearly 25,000 BTC in just one year.

For additional information, visit peta-mine.co. You can find the full prospectus on here https://www.havelockinvestments.com/reportdownload.php?id=93. CryptX also maintains a forum on bitcointalk.org dedicated exclusively to PetaMine news.

About CryptX and PetaMine

CryptX designs and builds hosted cryptocurrency mining platforms at its datacenters in Belgium and abroad. With no contractual obligations, no management or pool fees, and the latest, most sophisticated mining hardware, PetaMine provides a flexible, accessible option for Bitcoin mining investors. Learn more at cryptx.com and peta-mine.co.

[Morguk]

Looks like great news.

Will trading be halted during IPO? The IPO price is higher than the current share price

[PETA] 71 @ 0.08337527 = 5.9196 BTC

• {7}

[HAVELOCK] [PETA] 129 @ 0.08935059 = 11.5262 BTC

• {9}

[HAVELOCK] [PETA] 69 @ 0.09446816 = 6.5183 BTC

• {7}

[HAVELOCK] [PETA] 106 @ 0.0945 = 10.017 BTC

not any more lol someone went crazy and bought up everything

I bought 4 at 0.082 just before this happened. Finally a good move by me lol

[BiteMyShinyMetalAss]

Thank you Cryptx! These are just briliant news!!!

[Collider]

Woohooo!

Time for those peta-mine tshirts!

Btw our hosting costs are now considerably less than those of cex.io, as power is cheaper AND units are more efficient.

Also: Bitfury is the king!

[millenium]

Awesome news, thank you Cryptx! Waiting monday to buy another bunch of Peta....

[BiteMyShinyMetalAss]

I would like to see Bcmine and his new calculations and his explanation how cex.io is better than PETA!

 

[Anotheranonlol]

Just finished reading through that prospectus. very transparent and thorough. Pleased to see the latest developments,, despite this offering initially being discounted by many more senior investors in the field, PETA operation is rapidly setting the standard for bitcoin securities;  continuously advancing above and beyond expectations.. a diamond in a sea of shit. Great Job, CryptX

I would like to see Bcmine and his new calculations and his explanation how cex.io is better than PETA!

 

 he will have to change to share price to 0,0009 in Juli

[naaktslak]

what happens when havelock goes bust? we still have our peta shares?

[pleiotropik]

Will this link still give the mining rate?

http://www.peta-mine.co/stats/

[Anotheranonlol]

what happens when havelock goes bust? we still have our peta shares?

Havelock regularly distributes list of shareholders in CSV format to issuers. I'm sure they would have other fail-safe mechanisms in place. If Havelock were to shutdown completely. It then becomes a case of transitioning that list to another exchange platform. PETA has already shown reslience in smoothly migrating from BTCT > Cryptostocks > Havelock, much like AM rose from ashes of GLBSE closure

[havelock]

what happens when havelock goes bust? we still have our peta shares?

First, any mining equipment will go bust before we do! We've been around since mid-2012.

Second, for those of you that don't know, The Fund Manager (Cryptx) receives a CSV file every 12 hours containing the email address and the amount of units they each own.


We are also considering creating Havelock color-coins to issue to our users as a back up representing their units in our Funds.

Cheers,

We always remember we are here to serve you and not the other way around!

Havelock Investments

[antinode]

Looks like petamine.co got a design update.

[cryptoconomist]

what happens when havelock goes bust? we still have our peta shares?

We are also considering creating Havelock color-coins to issue to our users as a back up representing their units in our Funds.

+1

[stompysteve]

Looks like petamine.co got a design update.

fancy

edit: they look like they copied ghashs format 

[Morguk]

Looks like petamine.co got a design update.

Logo and layout is good, white space needs to be reduced though and the top menu font is terrible.

[Malusig]

Fantastic news CryptX!

Someone please correct my math here if I am wrong....

Today's dividend was 0.0015042/unit @ approx 500 TH

0.0015042 * 3 (1500 TH) = 0.0045126/unit in dividends... (approx)

If you hold 100 Shares that is a weekly dividend of = 0.45126/week ?

Thats approx 1.80504 BTC a month ?

Questions I have around the IPO
-------------------------------

1) Will dividends stop between 19 - 31 May and continue 1st Week of June ?
2) Will hardware be deployed immediately after IPO ?
3) Estimated time to 1500 TH/s mining ? i.e. 1st Week June, 1st Week July ?

Overall thanks a million and keep up the good work.

[DebitMe]

Fantastic news CryptX!

Someone please correct my math here if I am wrong....

Today's dividend was 0.0015042/unit @ approx 500 TH

0.0015042 * 3 (1500 TH) = 0.0045126/unit in dividends... (approx)

If you hold 100 Shares that is a weekly dividend of = 0.45126/week ?

Thats approx 1.80504 BTC a month ?

Questions I have around the IPO
-------------------------------

1) Will dividends stop between 19 - 31 May and continue 1st Week of June ?
2) Will hardware be deployed immediately after IPO ?
3) Estimated time to 1500 TH/s mining ? i.e. 1st Week June, 1st Week July ?

Overall thanks a million and keep up the good work.

All of that information is in the prospectus.  And you have to account for the increase in shares between 0 and 33000 when calculating dividends.

1) Yes
2) Deployment starts on the 26th.
3) Everything deployed by the end of the month.

Whoops, typed the wrong word for number 1), meant Yes...Ugh was thinking of something else.

[mikemikemike]

Fantastic news CryptX!

Someone please correct my math here if I am wrong....

Today's dividend was 0.0015042/unit @ approx 500 TH

0.0015042 * 3 (1500 TH) = 0.0045126/unit in dividends... (approx)

If you hold 100 Shares that is a weekly dividend of = 0.45126/week ?

Thats approx 1.80504 BTC a month ?

Questions I have around the IPO
-------------------------------

1) Will dividends stop between 19 - 31 May and continue 1st Week of June ?
2) Will hardware be deployed immediately after IPO ?
3) Estimated time to 1500 TH/s mining ? i.e. 1st Week June, 1st Week July ?

Overall thanks a million and keep up the good work.

All of that information is in the prospectus.  And you have to account for the increase in shares between 0 and 33000 when calculating dividends.

1) No...Why would they?
2) Deployment starts on the 26th.
3) Everything deployed by the end of the month.

1)CryptX will retain the weekly dividend it pays to unit holders until the end of the IPO

[DarkCoin]

I think it's a great move.  Although we never hit our full speed yet I personally think peta is still under valued.  One of the main reasons peta is under valued is because buying and selling bots. They were keeping the value artificially lower than it should be and pretty much hurting all share holders in the process. Now there is going to be a big wall set that should hold the value of the shares for a while and should also bring in new share holders.

 If you don't think the bots are hurting the value try and sell a large chunk of shares and see what happens. The bots constantly under bid you with chunks of 20 shares because they are trying to find the floor.  I would guess the 14k shares came from someone that was also using a bot on the market.  If this is true it's a good thing all around for everyone.