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

[Collider]

Well prices are still considerably less than on cex.io and hosting charges are also lower.

However, we dont have the same number of ppl visiting havelock.

Sales might increase, once we take delivery of the equipment and set it up.

[Stego]

cryptx have you considered advertising on reddit or some others major sites to promote your IPO ?
With Scryptx's IPO, must of us here don't have enough funds left.

[stompysteve]

cryptx have you considered advertising on reddit or some others major sites to promote your IPO ?
With Scryptx's IPO, must of us here don't have enough funds left.

my post on reddit got bashed and downvoted, im not a very good promoter though

[cryptx]

cryptx have you considered advertising on reddit or some others major sites to promote your IPO ?
With Scryptx's IPO, must of us here don't have enough funds left.

my post on reddit got bashed and downvoted, im not a very good promoter though

Probably the same group of “traders” that are trying to do the same here.
They have multiple accounts on different forums.

[karol]

Cryptx,

Do You have any plan if You don't sell even first IPO?

Second question - Why we are hashing at 465-470 for couple of last days instead of 503 TH You mentioned on new propspect?

[cryptoconomist]

What a mistake to launch two IPO's in such a short term on a small website!

If you want more people you need coloredcoins or something like it... After BTCT, Bitfunder etc. some people are reluctant to join any website (even if they have been spotless so far)... Get Peta name out there by being one of the first to use decentralized exchanges is A MUST.

Also more transparency would go a long way too... Where do we sell the coins? please provide a full details (Which exchange?, what price? etc.) because the weekly update is not transparent enough if you ask me.

[IamNotSure]

What a mistake to launch two IPO's in such a short term on a small website!

It might be considered a mistake, but in the mining world, it would have been a mistake not to capitalize on the momentum they had.

What could have been done is, announce the new 1500 Th mine, let the market fix a price and IPO around that value. 0.095 is a good price but it looks expensive for those who sold one week ago.

Timing with ScyptX IPO was bad too, but I guess they hadn't the choice since they are already hashing.

Things will change if they add hardware before the end of the IPO (which is the thing to do at the moment)

CryptX, have you thought about Counterparty to issue decentralized stocks ?

[cryptoconomist]

Cryptx should have done the Peta Ipo first then when we are hashing at top speed and getting div. do the Scryptx IPO...

What is happening now is looking very amateurish

 

 

[IamNotSure]

Cryptx should have done the Peta Ipo first then when we are hashing at top speed and getting div. do the Scryptx IPO...

The new Scrypt ASICs came before the new Bitfury ASICs

What looks fishy is that when finally the shareholders got what they were promised back in 2013, dividend are halted...

[pleiotropik]

I will summarize what i said in recent posts and was brilliantly ignored:

1. Peta promised 700Th/s  back in january.  four months later: 500Th/s  

a) 30% shortfall  
b) Late deployment

Were a breach of contract in at least one of these two tabs; most probably the 2. Additionally compensation for late deployment was promised, it never materialized.

c) Peta promised transparency and Shareholder vote if a major change was intended...  (crickets).
d) Peta suspended dividends without prior notice or consent, once again, breach of good will and common sense.

e) Peta suspends trading... as in

a+b+c+d+e= F-

Also my last post. there's a lot of hopium here.

[aasl]

so many IPO...

[pedrog]

I will summarize what i said in recent posts and was brilliantly ignored:

1. Peta promised 700Th/s  back in january.  four months later: 500Th/s  

a) 30% shortfall  
b) Late deployment

Were a breach of contract in at least one of these two tabs; most probably the 2. Additionally compensation for late deployment was promised, it never materialized.

c) Peta promised transparency and Shareholder vote if a major change was intended...  (crickets).
d) Peta suspended dividends without prior notice or consent, once again, breach of good will and common sense.

e) Peta suspends trading... as in

a+b+c+d+e= F-

Also my last post. there's a lot of hopium here.

You do realize that they cannot make the hardware appear from thin air, right?

The manufacture didn't delivered the hardware, so we got a refund...

The mining industry is a continuing changing business, you adapt or die and as far as I can see cryptx is doing a good job, or at least trying very hard, adapting to new circumstances.

[EdoBcn]

You do realize that they cannot make the hardware appear from thin air, right?

The manufacture didn't delivered the hardware, so we got a refund...

The mining industry is a continuing changing business, you adapt or die and as far as I can see cryptx is doing a good job, or at least trying very hard, adapting to new circumstances.

Was it that hard to explain, share and call for quick vote?
We were all for the long term and most likely voted in favor of the logical option...

[IamNotSure]

1. Peta promised 700Th/s  back in january.  four months later: 500Th/s  

You're wrong there, they promised 8.68 GH/S / share and they almost delivered by buying back and "destroying" those shares (units outstanding went from 80,673 to 66,206 which represent a rise from 6 GH to 7.55 GH per unit)

Though, they promised 8.68 GH/s per share so it's still a 13% shortfall

The problem is that they are re-creating and IPOing those shares with new promises without waiting the market to stabilize. That's why many feels trapped.

I have the feeling that a week or two of the mine @500 Th and divs distributed amongst the 66206 units would have make things easier to understand.

[pedrog]

You do realize that they cannot make the hardware appear from thin air, right?

The manufacture didn't delivered the hardware, so we got a refund...

The mining industry is a continuing changing business, you adapt or die and as far as I can see cryptx is doing a good job, or at least trying very hard, adapting to new circumstances.

Was it that hard to explain, share and call for quick vote?
We were all for the long term and most likely voted in favor of the logical option...

I don't think Havelock has that functionality, does it?

[cryptx]

I will summarize what i said in recent posts and was brilliantly ignored:

1. Peta promised 700Th/s  back in january.  four months later: 500Th/s  

a) 30% shortfall  
b) Late deployment

Were a breach of contract in at least one of these two tabs; most probably the 2. Additionally compensation for late deployment was promised, it never materialized.

c) Peta promised transparency and Shareholder vote if a major change was intended...  (crickets).
d) Peta suspended dividends without prior notice or consent, once again, breach of good will and common sense.

e) Peta suspends trading... as in

a+b+c+d+e= F-

Also my last post. there's a lot of hopium here.

Let me first quote from the IPO Prospectus on Havelock in December:

CryptX has issued an asset ( PETAMINE) for shares in the profit of the PETA-MINE
project. Each unit represents 2.4 GH/s of the total hash power of the PETA-MINE,
and unit holders will receive a weekly dividend payment every Friday

Let me remind you of the update we gave end February:

1.   Start date of the PETAMINE

We suffered delays which were out of our control. Nevertheless we are proud to have started the deployment of the mine on the 13th of February. The progress of deployment can be followed here:
http://eligius.st/~wizkid057/newstats/userstats.php/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

2.   Initial hashrate of the PETAMINE

Our initial contract stated a hashrate of 1 GH/s per share which we were able to increase to 2.4 GH/s per share thanks to the Bitfury hardware sale.

Due to current delays in delivery and because of the crucial importance of the initial hashrate of the PETAMINE, we like to announce that WE WILL DEPLOY AN ASTONISHING 700 TH/S INSTEAD OF THE PROMISED 230 TH/S. This means a hashrate of 8.68 GH/S PER SHARE OR 3 TIMES THE PROMISED HASHRATE! We are confident that this is the extra push the PETAMINE needs to really excel! You can find the confirmed deployment schedule below.

You realize we were only obliged by contract to deliver 2.88 GH/s?
You realize we were never obliged to cut hosting from 0.45$ to 0.25$?

Now, we could just wait for the last hardware to arrive. We would be hashing at 700 TH/s with 80,760 shares in a couple (?) of weeks. We could pay 65% dividend and all investors with a short term view, would be happy. Until they realize a few weeks/months later we are slowly dying and dividends dry out.

I would like to ask all of you to trust our long term vision and ambition. We want this project to become big, we want to create value and become a large player on this market.

[aasl]

havelock does not provide voting.

[kenmomotaro]

I will summarize what i said in recent posts and was brilliantly ignored:

1. Peta promised 700Th/s  back in january.  four months later: 500Th/s  

a) 30% shortfall  
b) Late deployment

Were a breach of contract in at least one of these two tabs; most probably the 2. Additionally compensation for late deployment was promised, it never materialized.

c) Peta promised transparency and Shareholder vote if a major change was intended...  (crickets).
d) Peta suspended dividends without prior notice or consent, once again, breach of good will and common sense.

e) Peta suspends trading... as in

a+b+c+d+e= F-

Also my last post. there's a lot of hopium here.

Let me first quote from the IPO Prospectus on Havelock in December:

CryptX has issued an asset ( PETAMINE) for shares in the profit of the PETA-MINE
project. Each unit represents 2.4 GH/s of the total hash power of the PETA-MINE,
and unit holders will receive a weekly dividend payment every Friday

Let me remind you of the update we gave end February:

1.   Start date of the PETAMINE

We suffered delays which were out of our control. Nevertheless we are proud to have started the deployment of the mine on the 13th of February. The progress of deployment can be followed here:
http://eligius.st/~wizkid057/newstats/userstats.php/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

2.   Initial hashrate of the PETAMINE

Our initial contract stated a hashrate of 1 GH/s per share which we were able to increase to 2.4 GH/s per share thanks to the Bitfury hardware sale.

Due to current delays in delivery and because of the crucial importance of the initial hashrate of the PETAMINE, we like to announce that WE WILL DEPLOY AN ASTONISHING 700 TH/S INSTEAD OF THE PROMISED 230 TH/S. This means a hashrate of 8.68 GH/S PER SHARE OR 3 TIMES THE PROMISED HASHRATE! We are confident that this is the extra push the PETAMINE needs to really excel! You can find the confirmed deployment schedule below.

You realize we were only obliged by contract to deliver 2.88 GH/s?
You realize we were never obliged to cut hosting from 0.45$ to 0.25$?

Now, we could just wait for the last hardware to arrive. We would be hashing at 700 TH/s with 80,760 shares in a couple (?) of weeks. We could pay 65% dividend and all investors with a short term view, would be happy. Until they realize a few weeks/months later we are slowly dying and dividends dry out.

I would like to ask all of you to trust our long term vision and ambition. We want this project to become big, we want to create value and become a large player on this market.

Someday, CryptX will become a big monster in mining world if they always act ambitious like this.
I like it.
Maybe 10~25% of total network hash rate would be good.

[cesmak]

I trust the long term vision !

Go on, hoping we will sell a good ammount of shares from the ipo, to avoid big sufference in div distribution..... (10 days to go.....).

[stompysteve]

I will summarize what i said in recent posts and was brilliantly ignored:

1. Peta promised 700Th/s  back in january.  four months later: 500Th/s  

a) 30% shortfall  
b) Late deployment

Were a breach of contract in at least one of these two tabs; most probably the 2. Additionally compensation for late deployment was promised, it never materialized.

c) Peta promised transparency and Shareholder vote if a major change was intended...  (crickets).
d) Peta suspended dividends without prior notice or consent, once again, breach of good will and common sense.

e) Peta suspends trading... as in

a+b+c+d+e= F-

Also my last post. there's a lot of hopium here.

Let me first quote from the IPO Prospectus on Havelock in December:

CryptX has issued an asset ( PETAMINE) for shares in the profit of the PETA-MINE
project. Each unit represents 2.4 GH/s of the total hash power of the PETA-MINE,
and unit holders will receive a weekly dividend payment every Friday

Let me remind you of the update we gave end February:

1.   Start date of the PETAMINE

We suffered delays which were out of our control. Nevertheless we are proud to have started the deployment of the mine on the 13th of February. The progress of deployment can be followed here:
http://eligius.st/~wizkid057/newstats/userstats.php/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

2.   Initial hashrate of the PETAMINE

Our initial contract stated a hashrate of 1 GH/s per share which we were able to increase to 2.4 GH/s per share thanks to the Bitfury hardware sale.

Due to current delays in delivery and because of the crucial importance of the initial hashrate of the PETAMINE, we like to announce that WE WILL DEPLOY AN ASTONISHING 700 TH/S INSTEAD OF THE PROMISED 230 TH/S. This means a hashrate of 8.68 GH/S PER SHARE OR 3 TIMES THE PROMISED HASHRATE! We are confident that this is the extra push the PETAMINE needs to really excel! You can find the confirmed deployment schedule below.

You realize we were only obliged by contract to deliver 2.88 GH/s?
You realize we were never obliged to cut hosting from 0.45$ to 0.25$?

Now, we could just wait for the last hardware to arrive. We would be hashing at 700 TH/s with 80,760 shares in a couple (?) of weeks. We could pay 65% dividend and all investors with a short term view, would be happy. Until they realize a few weeks/months later we are slowly dying and dividends dry out.

I would like to ask all of you to trust our long term vision and ambition. We want this project to become big, we want to create value and become a large player on this market.

+1 i trust the long term vision, i feel like we have been consistently been moving forward in the right direction