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

[cryptx]

Jesus Christ. You want other people to help you make money? CryptX, just a quick question, I'm not going to give your game away just yet, but I'm gonna pick at it a while, if this is such a good investment opportunity, why don't you buy or own any shares yourself?

There are two types of unit holders, investors and speculators. We welcome every one of them but our decisions are made in the interest of the long term value of the project.

We are trying to boost the project here, so every unit holder will make more money. The better the PetaMine is performing, the more unit holders will reap the benefits of that.

We are investing up to 1,000 BTC of our own money in this IPO to make it a success.

[cesmak]

Jesus Christ. You want other people to help you make money? CryptX, just a quick question, I'm not going to give your game away just yet, but I'm gonna pick at it a while, if this is such a good investment opportunity, why don't you buy or own any shares yourself?

There are two types of unit holders, investors and speculators. We welcome every one of them but our decisions are made in the interest of the long term value of the project.

We are trying to boost the project here, so every unit holder will make more money. The better the PetaMine is performing, the more unit holders will reap the benefits of that.

We are investing up to 1,000 BTC of our own money in this IPO to make it a success.

I'm a long term (small) investor and i believe in you project !

[rdyoung]

This spreadsheet is showing a simple increase of 6 PH per period, which is unconscionable. The calculations should take into account at least a 15% increase per period.

So instead of 6,000 TH being added to network every 10 days, you propose a perpetual 15% every 10 days

so for example
start @ 76,000 TH
10 days later 87,400  TH
10 days later 100,509 TH,
10 days later 115,586 TH
10 days later 132,924 TH
10 days later 152,862 TH
10 days later 175,791 TH
10 days later 202,159 TH
(2 months passed)

and so on and so forth till sometime in  not so distant future we'll be in exahashes adding god knows how many PH daily?

This is the same argument I have been making. Very few seem to understand how even 10% is not sustainable over the long term.
I am confident we have hit the wall with 28nm. I don't see any 25%+ difficulty increases in our future until the next gen.

Guess what?  Bitfury BF3500 operates 0.78 Watts/GH at 55nm nodes. Which means all 28nm rigs we see right now have a great room for improvement. And that's why difficulty will continue to increase at 15% for a while. Admit that current chip designs are bad designs, and we don't need 14nm or further to improve the mining efficiency, just redesign the chip and all be fine.

Ok, I will try one more time to make it clear what I am talking about. While the improvement in power efficiency is a very good thing, what really matters is the hashing speed.

Right now the network is +- 80phs, this takes into account the next diff jump.
After this next jump to increase another 15% we need 12phs to come online. Thats 3428 of these exalted bf3500s.
Then we have a hashrate of 92phs and need 13.8phs to keep up 15%, etc. Are you following me? This can only keep up for so long before it has to slowdown, its a mathematical certainty, we see it everywhere we choose to look. In stocks for example it takes less pressure to double a stock from 50$ to 100$ than it does to move it from 500$ to 1000$.

As for the chips, I didn't say we needed 22,20,14, etc to improve efficiency, I said we need those to being mass produced by several companies to get back to the massive jumps in difficulty. Do you know how "easy" it is to redesign a chip? Its not. Its not a simple task designing one from scratch, so to say they just need to be redesigned seems a bit naive on your part.

[trek27]

Jesus Christ. You want other people to help you make money? CryptX, just a quick question, I'm not going to give your game away just yet, but I'm gonna pick at it a while, if this is such a good investment opportunity, why don't you buy or own any shares yourself?

There are two types of unit holders, investors and speculators. We welcome every one of them but our decisions are made in the interest of the long term value of the project.

We are trying to boost the project here, so every unit holder will make more money. The better the PetaMine is performing, the more unit holders will reap the benefits of that.

We are investing up to 1,000 BTC of our own money in this IPO to make it a success.

Still don't like the way you introduced important changes to Prospectus (without motion). Hard to say but confidence was shaken.

Also, timing (sequence, info) of recent developments was, to put it mildly, not perfect. One speculates or not but I understand and sympathize with those feeling 'outmaneuvered'.

[xe99]

The PETA-MINE update on Havelock mentions that dividends will "be restored" after the IPO ends but i'm having a hard time finding out where it says the date the IPO ends.  Is it when all the 'new shares' are sold or an established date?

[MPalokaj]

We would like to appeal to all our unit holders and sympathizers to help us by this. We launch a call to send us all your ideas on this to info@cryptx.com

Let’s work together to take this to the next level!

Done. Running through my network now.

To those complaining that they ask for help in promotion, reason your statement out please. I'm more than happy to increase the value of my investment by promoting the project. Helping out means everybody wins.

PETA wins because of bigger IPO sales
Investors win because it is an amazing investment
You win because a bigger PETA means a bigger value for your investment

Keep rocking it CryptX

[Anonymousg64]

anyone comparing PETA shares to actual miners is missing the point of PETA.

and if you look around at what other fixed hardware cloud mining contracts are offering, none of them offer perpetually increasing hashrate or anywhere near the price PETA offers.

[EdoBcn]

Jesus Christ. You want other people to help you make money? CryptX, just a quick question, I'm not going to give your game away just yet, but I'm gonna pick at it a while, if this is such a good investment opportunity, why don't you buy or own any shares yourself?

There are two types of unit holders, investors and speculators. We welcome every one of them but our decisions are made in the interest of the long term value of the project.

We are trying to boost the project here, so every unit holder will make more money. The better the PetaMine is performing, the more unit holders will reap the benefits of that.

We are investing up to 1,000 BTC of our own money in this IPO to make it a success.

Still don't like the way you introduced important changes to Prospectus (without motion). Hard to say but confidence was shaken.

Also, timing (sequence, info) of recent developments was, to put it mildly, not perfect. One speculates or not but I understand and sympathize with those feeling 'outmaneuvered'.

I have invested almost all my possibilities into Peta and was a hard believer and propagator to many other friends to jump on this ship. When scryptx was announced, I disinvest from Peta and moved there.
I hope my connections will not blame me, but I feel I betrayed their trust as much as I feel betrayed here by Cryptx. I proposed a couple of weeks ago to increase reinvestment rate to move from the (almost) 500ths. No word.
I proposed to use reinvestment funds to buy shares and so increase ths per share. Downvoted.
You purchased from a big shareholder directly while us common people have to deal with the horrible performance of havelick platform that goes down every now and them and lacks basic functionalities. It would be nice to be in the position of understanding WHY?
Why why why.
Why didn't you announced your intentions?
Why you helped a (big) shareholder to sell his shares out of the exchange?
How much did you pay him?
Why he was the chosen one and you didn't simply asked us directly?
Why you decided to stop paying dividends to reinvest? And why you didn't care to check if we agreed?

Why you purchased shares and then issue another ipo? are you crazy? You want to ipo sell shares you purchased from a shareholder. at a higher price. Is he your best buddy or you owned him something?

Bitmine or any other problem was your to manage. This is why we paid you IN ADVANCE by purchasing ipo. You promised us increased dividends thanks to lower fees (scryptx) and immediately after you halt dividends.

I hope all of this happened without evil intention and I hope you can learn the big mistake you did here. I also hope it will be a lesson for the future and you will understand how the lack of right communication in the spirit of transparency, completely fucked some of your shareholders trust.

I'm still here on this (and on the scryptx) forum until I can disinvest from there and get away from all of this. It is a sad decision but I'm better off somewhere else.
I really hope your project will be successful and than your marketing campaign will bring the right fresh new blood you need. But hell I'm out.

(by the way, I personally asked you in a private message if rumors on bitmine where true and if you had a plan B. You didn't even answered. How can I still trust you and your (not ours, YOUR) operation?)

you have ways to contact me if interested.
To all the other really cool people on this thread, sorry for this tl;dr. It is my rant. It was a genuine pleasure to excange ideas and discussions. I hope our net trails will cross again in the future. I wish you all good luck. Please don't be influenced by my words. Do as you feel (like if I had to tell this to you

peace!

[rdyoung]

Jesus Christ. You want other people to help you make money? CryptX, just a quick question, I'm not going to give your game away just yet, but I'm gonna pick at it a while, if this is such a good investment opportunity, why don't you buy or own any shares yourself?

There are two types of unit holders, investors and speculators. We welcome every one of them but our decisions are made in the interest of the long term value of the project.

We are trying to boost the project here, so every unit holder will make more money. The better the PetaMine is performing, the more unit holders will reap the benefits of that.

We are investing up to 1,000 BTC of our own money in this IPO to make it a success.

Still don't like the way you introduced important changes to Prospectus (without motion). Hard to say but confidence was shaken.

Also, timing (sequence, info) of recent developments was, to put it mildly, not perfect. One speculates or not but I understand and sympathize with those feeling 'outmaneuvered'.

I have invested almost all my possibilities into Peta and was a hard believer and propagator to many other friends to jump on this ship. When scryptx was announced, I disinvest from Peta and moved there.
I hope my connections will not blame me, but I feel I betrayed their trust as much as I feel betrayed here by Cryptx. I proposed a couple of weeks ago to increase reinvestment rate to move from the (almost) 500ths. No word.
I proposed to use reinvestment funds to buy shares and so increase ths per share. Downvoted.
You purchased from a big shareholder directly while us common people have to deal with the horrible performance of havelick platform that goes down every now and them and lacks basic functionalities. It would be nice to be in the position of understanding WHY?
Why why why.
Why didn't you announced your intentions?
Why you helped a (big) shareholder to sell his shares out of the exchange?
How much did you pay him?
Why he was the chosen one and you didn't simply asked us directly?
Why you decided to stop paying dividends to reinvest? And why you didn't care to check if we agreed?

Why you purchased shares and then issue another ipo? are you crazy? You want to ipo sell shares you purchased from a shareholder. at a higher price. Is he your best buddy or you owned him something?

Bitmine or any other problem was your to manage. This is why we paid you IN ADVANCE by purchasing ipo. You promised us increased dividends thanks to lower fees (scryptx) and immediately after you halt dividends.

I hope all of this happened without evil intention and I hope you can learn the big mistake you did here. I also hope it will be a lesson for the future and you will understand how the lack of right communication in the spirit of transparency, completely fucked some of your shareholders trust.

I'm still here on this (and on the scryptx) forum until I can disinvest from there and get away from all of this. It is a sad decision but I'm better off somewhere else.
I really hope your project will be successful and than your marketing campaign will bring the right fresh new blood you need. But hell I'm out.

(by the way, I personally asked you in a private message if rumors on bitmine where true and if you had a plan B. You didn't even answered. How can I still trust you and your (not ours, YOUR) operation?)

you have ways to contact me if interested.
To all the other really cool people on this thread, sorry for this tl;dr. It is my rant. It was a genuine pleasure to excange ideas and discussions. I hope our net trails will cross again in the future. I wish you all good luck. Please don't be influenced by my words. Do as you feel (like if I had to tell this to you

peace!

That was your mistake, you pushed an investment on friends/family. That is something you NEVER EVER DO. If things go wrong your the one they blame. Most people can't separate the friend suggesting an investment and the people behind said investment.

[EdoBcn]

indeed. my mistake. i trusted something and got what i deserved. lesson learned. i hope my friends have a different vision on this project and will not blame me.

After this step, am I still allowed to be a little pissed?

[rdyoung]

indeed. my mistake. i trusted something and got what i deserved. lesson learned. i hope my friends have a different vision on this project and will not blame me.

After this step, am I still allowed to be a little pissed?

Yes, but at yourself. NOT at cryptx and the rest of petamine team.

[altoidmintz]

...

We launch a call to send us all your ideas on this to info@cryptx.com

...

I'll just put mine here...

1 Social Media targeted ads (Facebook, YouTube, Reddit)
2 Create a Web Video ad for us to spread around, as well as for you to use on YouTube ads
3 Conduct some publicized speaking engagements at a bitcoin conference, etc, or host your own and invite all the big names.
4 Let's come up with a Twitter Hashtag - but don't bother putting money toward twitter ads. It's a poor ad platform. Nontheless, we should have a hashtag we all use to promote and there should be an official PETA/CryptX twitter account tweeting out and getting followers

[Anonymousg64]

Jesus Christ. You want other people to help you make money? CryptX, just a quick question, I'm not going to give your game away just yet, but I'm gonna pick at it a while, if this is such a good investment opportunity, why don't you buy or own any shares yourself?

There are two types of unit holders, investors and speculators. We welcome every one of them but our decisions are made in the interest of the long term value of the project.

We are trying to boost the project here, so every unit holder will make more money. The better the PetaMine is performing, the more unit holders will reap the benefits of that.

We are investing up to 1,000 BTC of our own money in this IPO to make it a success.

Still don't like the way you introduced important changes to Prospectus (without motion). Hard to say but confidence was shaken.

Also, timing (sequence, info) of recent developments was, to put it mildly, not perfect. One speculates or not but I understand and sympathize with those feeling 'outmaneuvered'.

I have invested almost all my possibilities into Peta and was a hard believer and propagator to many other friends to jump on this ship. When scryptx was announced, I disinvest from Peta and moved there.
I hope my connections will not blame me, but I feel I betrayed their trust as much as I feel betrayed here by Cryptx. I proposed a couple of weeks ago to increase reinvestment rate to move from the (almost) 500ths. No word.
I proposed to use reinvestment funds to buy shares and so increase ths per share. Downvoted.
You purchased from a big shareholder directly while us common people have to deal with the horrible performance of havelick platform that goes down every now and them and lacks basic functionalities. It would be nice to be in the position of understanding WHY?
Why why why.
Why didn't you announced your intentions?
Why you helped a (big) shareholder to sell his shares out of the exchange?
How much did you pay him?
Why he was the chosen one and you didn't simply asked us directly?
Why you decided to stop paying dividends to reinvest? And why you didn't care to check if we agreed?

Why you purchased shares and then issue another ipo? are you crazy? You want to ipo sell shares you purchased from a shareholder. at a higher price. Is he your best buddy or you owned him something?

Bitmine or any other problem was your to manage. This is why we paid you IN ADVANCE by purchasing ipo. You promised us increased dividends thanks to lower fees (scryptx) and immediately after you halt dividends.

I hope all of this happened without evil intention and I hope you can learn the big mistake you did here. I also hope it will be a lesson for the future and you will understand how the lack of right communication in the spirit of transparency, completely fucked some of your shareholders trust.

I'm still here on this (and on the scryptx) forum until I can disinvest from there and get away from all of this. It is a sad decision but I'm better off somewhere else.
I really hope your project will be successful and than your marketing campaign will bring the right fresh new blood you need. But hell I'm out.

(by the way, I personally asked you in a private message if rumors on bitmine where true and if you had a plan B. You didn't even answered. How can I still trust you and your (not ours, YOUR) operation?)

you have ways to contact me if interested.
To all the other really cool people on this thread, sorry for this tl;dr. It is my rant. It was a genuine pleasure to excange ideas and discussions. I hope our net trails will cross again in the future. I wish you all good luck. Please don't be influenced by my words. Do as you feel (like if I had to tell this to you

peace!

share price is important, buts its not the objective. Profit is the objective.
the investor who sold off market did us a favor, his large holding would of crashed the market.
their actions are in their and our best interest, they profit more with more hashrate.
your opinion of all the events being negative come from your butt hurt sentiment of making the wrong decision.
every choice is risk when investing, whether you hold, sell or buy

[Anonymousg64]

I don't think the 33K "new" shares will sell without new buyers. Right now, anyone can buy PETA units for .091-.093 which are the same as the units that will be selling for .095-.1 in a few days. It looks like roughly 1400 shares have sold in the past 18 hours.

SCRYPT-X was partly a success because enthusiastic PETA investors diversified into it, but in this case, existing PETA holders who can buy more shares now at .091 aren't going to be buying them in a few days at .095. Anyone paying attention here on the forums likewise has the same opportunity, and I imagine that accounts for most of the Havelock userbase.

So who is going to buy them? It looks like the market is just too shallow, and we are going to go a few weeks without dividends. I still think we are in a great position, and it may only be a short time before we are back with massive dividends.

New users are the only way to sell those units, though. I think cryptx knows this, and thus the website redesign and subtle repositioning as "cloud-mining" seem to point to the notion of a marketing push. There are a lot of people in the broader bitcoin community who aren't here on the forums, and we'll need to reach them somehow: stories, posts, ads.

You are spot on! We are preparing a marketing campaign right now.

We want to emphasize to the public our unique way of cloudhashing and all the advantages over traditional cloudhashing contracts. We would like to appeal to all our unit holders and sympathizers to help us by this. We launch a call to send us all your ideas on this to info@cryptx.com

Let’s work together to take this to the next level!

make a video touring your facility's as someone describes PETA

[Elvis Trout]

I think as shareholders we have a right to know how much the shares were bought for, you are transparent about reinvestment purchases to some extent, this was our reinvestment money as I understand it and we should know whether it was spent wisely.

[trek27]

As per this post:

success of the new ipo is guaranteed.

Nevertheless, I am not going to invest more in this venture. Rather - looking for exits.

[mikemikemike]

I don't think the 33K "new" shares will sell without new buyers. Right now, anyone can buy PETA units for .091-.093 which are the same as the units that will be selling for .095-.1 in a few days. It looks like roughly 1400 shares have sold in the past 18 hours.

SCRYPT-X was partly a success because enthusiastic PETA investors diversified into it, but in this case, existing PETA holders who can buy more shares now at .091 aren't going to be buying them in a few days at .095. Anyone paying attention here on the forums likewise has the same opportunity, and I imagine that accounts for most of the Havelock userbase.

So who is going to buy them? It looks like the market is just too shallow, and we are going to go a few weeks without dividends. I still think we are in a great position, and it may only be a short time before we are back with massive dividends.

New users are the only way to sell those units, though. I think cryptx knows this, and thus the website redesign and subtle repositioning as "cloud-mining" seem to point to the notion of a marketing push. There are a lot of people in the broader bitcoin community who aren't here on the forums, and we'll need to reach them somehow: stories, posts, ads.

You are spot on! We are preparing a marketing campaign right now.

We want to emphasize to the public our unique way of cloudhashing and all the advantages over traditional cloudhashing contracts. We would like to appeal to all our unit holders and sympathizers to help us by this. We launch a call to send us all your ideas on this to info@cryptx.com

Let’s work together to take this to the next level!

Jesus Christ. You want other people to help you make money? CryptX, just a quick question, I'm not going to give your game away just yet, but I'm gonna pick at it a while, if this is such a good investment opportunity, why don't you buy or own any shares yourself?

mike I love to watch your sentiment swings...

don't get me wrong, I understand to an extent, especially considering the recent implementations of change of strategy. But as a self proclaimed day trader, it's hard to believe your positive rants are without agenda

There is no adgenda. I've sold all my shares and will never be buying back in. ive been behind this project since day one and have told people to trust these guys, i now feel somewhat responsible to inform them of what is going on. If you saw this update the way I see it you'd understand why my sentiment has changed the way it has. These questions arn't baseless, they have a very serious point. But I'm going to let people work it out for themselves

Jesus Christ. You want other people to help you make money? CryptX, just a quick question, I'm not going to give your game away just yet, but I'm gonna pick at it a while, if this is such a good investment opportunity, why don't you buy or own any shares yourself?

There are two types of unit holders, investors and speculators. We welcome every one of them but our decisions are made in the interest of the long term value of the project.

We are trying to boost the project here, so every unit holder will make more money. The better the PetaMine is performing, the more unit holders will reap the benefits of that.

We are investing up to 1,000 BTC of our own money in this IPO to make it a success.

Clever wording in place of transparency. nice. what you should have said was that you are going to pay off the BTC remaining from dividends whatever the outcome because you know as well as I do if this project was set back two to three weeks investors would be even more screwed than they are now. But instead you've made it look like you want to invest, which isn't true at all. You know it would be bad business just as well as I do.

And please, let's not pretend you have structured this update to benefit anyone else apart from yourselves.

Next question, how did you manage to drop the hosting fees from 0.45$ to 0.25$ even though Scrypt didn't make up for the difference?

You should know exactly where this is going. This is probably your last chance to come clean to investors about your business plan and restructure this update in a way that is at least slightly beneficial to them. You know exactly whats going to happen to the shareprice after this project has been up and running for a month or two and how the sentiment here is going to change.

[Anonymousg64]

if you think you have any legal rights as a btc investor, you are in the wrong place. (HAVELOCK would be illegal to operate in the US or CANADA)
also its in investors interest to help PETA succeed, so thats why other people will help them make more money.

this is not the type of stock that gives you voting rights per share, cryptx can do as needed to secure future profitability without needing your opinion.



the only reason your on here to rant negatively and give threats is because you are butthurt you exited at the wrong time and lost the game. PETA still stands as the best investment option on havelock, regardless of the outcome of the current plans, which can only be positive.

[mikemikemike]

if you think you have any rights as a btc investor, you are in the wrong place.
also its in investors interest to help PETA succeed, so thats why other people will help them make more money.

this is not the type of stock that gives you voting rights per share, cryptx can do as needed to secure future profitability without needing your opinion.



the only reason your on here to rant negatively and give threats is because you are butthurt you exited at the wrong time and lost the game. PETA still stands as the best investment option on havelock, regardless of the outcome of the current plans, which can only be positive.

Exited at the wrong time? I sold the majority of my long term shares yesterday at 0.093. If your talking about my trading shares then yes, I invested in Scrypt

Have you even looked at the projections?

The reason your butthurt is because I'm calling this out for what it is. If your too stupid or blind to realise that, that's your problem. But don't get this wrong, the profitability you are talking about, is profitability for them, not you. You'll be lucky to see a twenty percent return before the share price drops at a ridiculous rate, while they are going to make millions. I'm actually trying to help you. But whatever.

[Anonymousg64]

if you think you have any rights as a btc investor, you are in the wrong place.
also its in investors interest to help PETA succeed, so thats why other people will help them make more money.

this is not the type of stock that gives you voting rights per share, cryptx can do as needed to secure future profitability without needing your opinion.



the only reason your on here to rant negatively and give threats is because you are butthurt you exited at the wrong time and lost the game. PETA still stands as the best investment option on havelock, regardless of the outcome of the current plans, which can only be positive.

Exited at the wrong time? I sold the majority of my long term shares yesterday at 0.093. If your talking about my trading shares then yes, I invested in Scrypt, and FYI, and as at now, 80% of the trades over the past forty eight hours have been mine.

Have you even looked at the projections?

The reason your butthurt is because I'm calling this out for what it is. If your too stupid or blind to realise that, that's your problem. But don't get this wrong, the profitability you are talking about, is profitability for them, not you. I'm actually trying to help you. But whatever.

i have looked

your concerns are that of someone butthurt, nothing more
everything you buy has a confabulated amount of profit that can be adjusted, this is what the hosting fee is,
they are probably paying less then 0.05$/kwh, i get 0.09$/kwh at residential rates
they are splitting the collocation cost between PETA and SCRYPTX
the bandwidth costs are probably not that much

your calling out wrong doings that are not wrong doings, they acted as per what is expected
so what if that was not beneficial to you, the more profit they get the better their incentive to make it work.

you made a gamble getting out, now you want to make sure your gamble was right
tell everyone the sky is falling