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

[NotLambchop]

Guys, why argue about this?  I can see if people could sell their shares, but they can't.  Seems kinda cruel.  

shareprice is up 20% from what it was averaging before, when mine is due to increase 300% capacity in short time.
what kind of long term investor would sell shares at below current PO rate they must be nervous.. price peaked above 0.1 prior to any of the recent announcements.

As I understand it, it is impossible to sell your shares at this point, trading is closed & the market price undefined.  Which makes it hard to understand why you decided that your shares are "up 20%".  To answer your question, no kind of long or short term investor would sell shares now, the mechanics for trading simply do not exist.  dhenson is trying to unload his, but success is unlikely.

for anyone looking to buy, the share prices are indeed up 20% from what they were trading at prior to offering of 10,000 fixing the price at what it is now. (and this was announced in advance, trading was not immediately halted)

that is unless dhenson wants to do transfer below 0.08.

The shares that are selling now are not your shares.  As I have pointed out, there is no mechanism in place for trading, making the price undefined.  If you feel that the last closing price is going to match the opening price, in 10 days from now, you don't understand how trading works.

[dhenson]

I'm not attempting to claim what the 'price' currently is.  I'm simply stating at what price I'm willing to sell.  It is up to the buyer to determine if that matches the price that they are willing to pay.

[Anotheranonlol]

The shares that are selling now are not your shares.  As I have pointed out, there is no mechanism in place for trading, making the price undefined.  If you feel that the last closing price is going to match the opening price, in 10 days from now, you don't understand how trading works.

There's a mechanism for share transfer despite open market trading being halted so there's the supply.
Demand is obviously lacking for shares being offered at 0.095, Also I fully expect some individuals to act like they've just been let out of jail once they are allowed to trade, sentiment shifts rapidly here.  not like they couldn't have done it before though. And not like this is the first time trading has been halted either. This happened when shares originally came to havelock.

The situation can be more positive depending on how cryptx handles things. Should they manage to receive and install equipment at fast pace beginning on 26th may for instance.

[Anonymousg64]

if new shareholders buy at 0.095 they might be inclined to buy more once trading opens at a lower share price

we will just have to wait and see how it all balances out


we might just manage to get through the current ipo block and up to the next share price

[NotLambchop]

I'm not attempting to claim what the 'price' currently is.  I'm simply stating at what price I'm willing to sell.  It is up to the buyer to determine if that matches the price that they are willing to pay.

I was responding to Anotheranonlol, sorry about the misunderstanding.

[Aireun]

So apparently we only sold about 672 shares in almost 24 hours. Would this be considered normal? Also, what happens if we don't sell all 10,000 shares?

[pedrog]

So apparently we only sold about 672 shares in almost 24 hours. Would this be considered normal? Also, what happens if we don't sell all 10,000 shares?

I assume this happens:

Units not sold x 0.095 + 1007 = Dividends to invest after IPO

[Aireun]

So apparently we only sold about 672 shares in almost 24 hours. Would this be considered normal? Also, what happens if we don't sell all 10,000 shares?

I assume this happens:

Units not sold x 0.095 + 1007 = Dividends to invest after IPO

Ouch... Depressing to imagine. Where is this marketing strategy or campaign cryptx had mentioned about? Also, is any community marketing happening that you or anyone else aware of? 10,000 shares is a lot, surly we need more marketing.

[🏰 TradeFortress 🏰]

Ouch... Depressing to imagine. Where is this marketing strategy or campaign cryptx had mentioned about? Also, is any community marketing happening that you or anyone else aware of? 10,000 shares is a lot, surly we need more marketing.

No, people simply need to stop investing into crappy mining securities where you are just about guaranteed to lose money.

[runam0k]

Ouch... Depressing to imagine. Where is this marketing strategy or campaign cryptx had mentioned about? Also, is any community marketing happening that you or anyone else aware of? 10,000 shares is a lot, surly we need more marketing.

No, people simply need to stop investing into crappy mining securities where you are just about guaranteed to lose money.

And stick their coins into some reliable coinlending scheme or online wallet instead, right?

Did you buy the TF user account or is that actually you?

[🏰 TradeFortress 🏰]

Ouch... Depressing to imagine. Where is this marketing strategy or campaign cryptx had mentioned about? Also, is any community marketing happening that you or anyone else aware of? 10,000 shares is a lot, surly we need more marketing.

No, people simply need to stop investing into crappy mining securities where you are just about guaranteed to lose money.

And stick their coins into some reliable coinlending scheme or online wallet instead, right?

Did you buy the TF user account or is that actually you?

That's irrelevant to this thread.

The main issue with most mining securities is that the operator (most likely intentionally) uses completely inaccurate network difficulty projections. The prospectus assumed the difficulty increase is linear?! One look at http://bitcoindifficulty.com/ tells you all you need to know.

[altoidmintz]

...
That's irrelevant to this thread.
...

dat trust score doe

[howardb]

...
That's irrelevant to this thread.
...

dat trust score doe

But he's a 'hero member' lol!

[webbrowser]

So apparently we only sold about 672 shares in almost 24 hours. Would this be considered normal? Also, what happens if we don't sell all 10,000 shares?

I assume this happens:

Units not sold x 0.095 + 1007 = Dividends to invest after IPO

You want to know what's really depressing?
I've figured out the rough formula for the loan amount and why it was not provided.



I don't see how batch 1 will sell out.  But if it does,



With 688 units sold at IPO, it will take 5 weeks to repay the 1376BTC loan.

[pedrog]

Thanks webbrowser.

Why does the reinvestment percentage starts at 90% after the hardware is paid for?

Well, the more shares are sold in this IPO the better the deal is for everybody...

[Aireun]

@cryptx

How is the marketing going for this ipo to sell off these 10, 000 shares?  At the moment I find it hard to see all of them sell off at this rate.

[Anonymousg64]

tomorrow i will try to make functions for

$/BTC
Difficulty
cost$/Gh/s
w/Gh/s

on the spreadsheet

[EdoBcn]

Just to understand things (no fud, no bad feelings, please don't delete my post)

16/05, mined 200btc, dividends 0.00150424, btc price 430$, share price ~0.072 = 2.1%

Assuming IPO sells out, next values (if btc price stays at 500$, share price 0.095) would be?
Assuming IPO doesn't sell out, next values (if btc price stays at 500$, share price 0.095) would be?

It is really an interesting thing, avoiding speculation on far future (far = couple of months). If the weekly dividend % triples because we deploy triple hashing power, the share price doesn't really matter (as long as it is stable). Share price would be a variable just for when jumping in (or back in for who left as I did).

As for future reinvestment, as I proposed a while ago, I'm keen to push Cryptx to find a voting method to increase the reinvestment %, or even to change the time-frame of pay outs. Whatever, but it has to be a common agreement. Daily/Weekly speculators may not be happy (*) but long term ones will.

*Fluctuations based on pre-div payout, post-div payout will still be there, making it appealing for short term speculators to make a margin.

I am not aware of anything similar to PETA fund. I don't want to convert btc to "play"/invest on nasdaq or other markets. I don't want to have my btc sitting doing nothing and just waiting for the price to go higher.

I invested in HIF and it didn't work out. PETA got me with the whole timing/decision making/communication issues, so pissed off, I just wanted out.
As I mentioned in another post, time to step back to sprint forward. Regroup, organize, clear thing out and start with reinvigorated strength!

[karol]

Cryptx

Still not answered question why we are hashing at 466TH for couple of last days when when it should be according to Prospect 503 th??
30 th it is 1.7 BTC/Day now. Do you have any issue with machines?

[karol]

Cryptx

Another important question - there is some missinformation about reinvestment:

I will quotet Your posts realted to reinvestments:

Latest dividend:

95.89078392 BTC in total from mining:
- 49.34200955 as Dividend (0.00061162 BTC / share)
- 26.56877437 Reinvestment (brings total to 111.69349338 BTC)
- 19.98000000 Hosting Fee

We will also post a new update later today.

Latest developments

- Deployment:
So far, Bitmine systems are coming in slow. We will visit them next Monday to discuss ongoing issues and delays in manufacturing and delivery as daily production volume remains low and is of course directly impacting our project. We remain in day-to-day communication to follow up on progress and speed up things wherever we can (we purchased our own PSU’s for the desk model as Bitmine ran out and has a delay with their PSU manufacturer, do part of assembly ourselves, use the fasted available shipping, etc. )

- Reinvestment:
We have purchased 18 new 1TH systems from LK Group Ltd. for a total of 108 BTC (6 BTC / System). These systems are also based on the A1 chip and should be available by end of next week (April 4th).  More info can be found on their website http://www.lketc.com/engoods/show/252.aspx

- Mining Pool:
It is our opinion that our hashrate is still too small to go solo and set up our own mining pool. We will evaluate this further as we grow, but are of course not bound to Eligius. Besides stable revenue / frequent payouts it is also important that our hashrate remains transparent and can be easily monitored by unit holders.

Although things are not yet at full speed, we are glad to have crossed the 150TH mark this week and provide steady revenue. We will continue to work hard for the growth and success of the PETA-MINE and keep you updated on new developments.

So firstly we have 111btc - 108 goes to 18TH of LK miners.

then:

Dividend:

102.13891005 BTC in total from mining:
- 48.55633648 as Dividend (0.00060188 BTC / share)
- 26.14571964 Reinvestment (brings total to 29.77911302 BTC)
- 27.43685393 Hosting Fee

We have deployed the 18 Dragon miners. All are working fine.

Therefore we have ordered another 5 miners at the price of 6 BTC. Retail price is 6.79 BTC
(http://www.lketc.com/engoods/show/252.aspx)

These miners should arrive next Thuesday.

so now after that we have:
 0 btc for reinvestment
all BTC spend for reinvestment - 108+30=148 BTC
18+6 = 24 TH from reinvestment

Dividend:

103.46617467 BTC in total from mining:
- 46.09390765 as Dividend (0.00057136 BTC / share)
- 24.81979643 Reinvestment
- 32.55247059 Hosting Fee

Status Update:
- Units bought with last week reinvestment funds will arrive on Tuesday, we will buy additional units with this weeks reinvestment (4TH for 24 BTC).
- 350 A1 Chips are still for sale.
- Production of our own systems started and we expect first units to be ready by next week.

so now we have:
 0.8 btc for reinvestment
all BTC spend for reinvestment - 108+30+24=162 BTC
18+6 +4= 28TH (28 LK miners) from reinvestment

Dividend:

117.11415716 BTC in total from mining and converted NMC's:
- 54.99030742 as Dividend (0.00068164 BTC / share)
- 29.61016553 Reinvestment (which will be reinvested in new systems, 5 x 1TH units)
- 32.51368421 Hosting Fee

Status Update:
- We deployed our first new production units and they are steadily hashing, additional units should also arrive in the coming week.
- There was some speculation about the 23.399 BTC deposit, this was just a manual withdrawal request from ghash.io for mined coins. So, 350 Chips are still for sale.

so now we have:
 0 btc for reinvestment
all BTC spend for reinvestment - 108+30+24+30=192 BTC
18+6 +4+5= 33 TH from reinvestment (33 LK miners)

Details about this weeks dividend payout:

145.47869416 BTC in total from mining and converted NMC's:
- 61.04631249 as Dividend (0.00075670 BTC / share)
- 32.87109134 Reinvestment (30BTC will be used to reinvested for a total of 6 TH)
- 51.56129032 Hosting Fee

Status update:
- We topped 450TH/s this week and deployed +200TH in the past 7 days, more systems to come but it remains to be seen if systems can arrive before May 1st (customs are closed from May 1st - May 4th due to official holidays), we are doing our best to arrange fasted possible shipping.
- For those interested, a peak into the peta-mine http://www.peta-mine.co/inside-the-peta-mine/

so now we have:
2 btc for reinvestment
all BTC spend for reinvestment - 108+30+24+30+30=222 BTC
18+6 +4+5+6= 39 TH from reinvestment (39 LK miners)

Next updates dont include buying miners and gives as total aroung 150 BTC so exactly as it is stated in prospect.
But in prospect there is 27 Dragonminers from LK, according to my calculation it should be 39 or this founds goes to other systems or what?

It means : we are currenty hashing at 466th - 39th are from aour founds (not from IPO but our cash taken to reinvestment.) so Cyptx provide 427th.
Or if we have for real 503th: 503 - 39th = 464 th but we are currently hashing at 466th during last week.

Cryptx please explain how much TH You provide from IPO funds and how much and what machines You provide from our reinvestment funds.