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

[julz]

PetaMine starts deployment up to 1,143 TH/s this Monday

May 21, 2014

We would like to announce that in the event that the first batch of 10,000 units are not sold out by This Sunday the 25th of May,2014 at 20:00 GMT, CryptX will purchase all remaining units of this batch.

On Monday 26th of May, PetaMine will begin to increase the current hash rate from 500 TH/s to 1,143 TH/s. All the hardware is ready and the deployment will start THIS Monday.

If and When more than 10,000 units sell in the current IPO we will deploy the remaining TH/s according the schedule in the Prospectus up to 1,500 TH/s.

We look forward to taking the PETA Fund operation to the next level. Thank you, The Cryptx Team



nice!

... CryptX will purchase all remaining units of this batch.

Ah, but at what price?

[havelock]

PetaMine starts deployment up to 1,143 TH/s this Monday

May 21, 2014

We would like to announce that in the event that the first batch of 10,000 units are not sold out by This Sunday the 25th of May,2014 at 20:00 GMT, CryptX will purchase all remaining units of this batch.

On Monday 26th of May, PetaMine will begin to increase the current hash rate from 500 TH/s to 1,143 TH/s. All the hardware is ready and the deployment will start THIS Monday.

If and When more than 10,000 units sell in the current IPO we will deploy the remaining TH/s according the schedule in the Prospectus up to 1,500 TH/s.

We look forward to taking the PETA Fund operation to the next level. Thank you, The Cryptx Team



nice!

... CryptX will purchase all remaining units of this batch.

Ah, but at what price?

At the current IPO price of 0.095 BTC

Source: Havelock

[michaelGedi]

^ ... they will -most likely- just hold onto them, cover the cost of the hardware that would have been bought with the ipo share discounting any profit they might have made from those... fairly simple and understandable. What it means is that we don't have to worry about those shares selling, and they can make a commitment to buy x amount of hardware and honour the deal they have brokered.

unless cryptx wants to clarify if they will actually spend 0.095 a share of their own pocket? After buying back at what price? ... I don't think so

edit: or?

Well if they take those shares, that certainly answers my main worry about lack of aligned interests between Cryptx and the PETA project.

this, and...

i'll gladly wait for clarification on the dividend's calendar. Also will be of interest if they declare if now the rules are set or if they can again surprise us any time with dividend halts re-ipos and etc.

what this move signals is that cryptx has listened to the voices here, looked at the slow selling re-IPO shares and put forward an arrangement that fits the situation better for them and shareholders. If they have been listening closely, they will further rectify some of the issues that have caused shareholder discomfort and loss of trust. This move is a step in that direction, I would expect further clarification and moves to build trust in the near future as they assess the situation after deployment and look at some of the mistakes made in the recent 2 IPOs and strategy changes... IMO

[nwfella]

Whoa. Was just saving up to try and pick up another share and BAM...just realized no more @ 0.0925!!  Did some big player come in and scoop them up after the announcement?

Fraid I might've missed the boat on this one.  Regardless, well played Cryptx!

[IPO Magic]

Was always .095 not .0925, newfella.  Plenty left if you're looking to buy.  Or are you talking about this?

...
If anyone is looking to pick up shares in bulk @ .0925 PM me (minimum 100 shares per trade).

[Aireun]

PetaMine starts deployment up to 1,143 TH/s this Monday

May 21, 2014

We would like to announce that in the event that the first batch of 10,000 units are not sold out by This Sunday the 25th of May,2014 at 20:00 GMT, CryptX will purchase all remaining units of this batch.

On Monday 26th of May, PetaMine will begin to increase the current hash rate from 500 TH/s to 1,143 TH/s. All the hardware is ready and the deployment will start THIS Monday.

If and When more than 10,000 units sell in the current IPO we will deploy the remaining TH/s according the schedule in the Prospectus up to 1,500 TH/s.

We look forward to taking the PETA Fund operation to the next level. Thank you, The Cryptx Team



nice!

well, this changes everything... !

Best news yet! Happy to see it all coming together, also, we sold 3311 shares of the first IPO batch and 9 days to go!

[nwfella]

Was always .095 not .0925, newfella.  Plenty left if you're looking to buy.  Or are you talking about this?

...
If anyone is looking to pick up shares in bulk @ .0925 PM me (minimum 100 shares per trade).

doh!!  chu caught me in a full-retard moment apparently.  Oh yeah, gonna grab what I can.  Had I the resources would hit you up on the 0.0925's though

[Anotheranonlol]

May 21st, 2014

Dear Ed,

We are getting in touch with you because you have previously requested a refund of your CoinTerra hardware order.

At the time of your refund request, it was likely communicated to you that we typically take between 2-4 weeks to process refunds. Unfortunately, we received a larger quantity of refund requests around the time that we started to ship our April batch of TerraMiners to customers, and as a result we are running behind on processing them, as they are refunded in the order in which the refund request is received.

Your refund request is still active, and we are currently anticipating between 8 and 12 weeks processing time for some refunds.  We will continue to work towards processing the refunds as quickly as possible.

However, we would also like to share with you two incredible limited-time offers that, should you choose, will quickly get you back on track with your bitcoin mining activities:

Option 1

Some customers requested their refund because of the hash power deficit of 400 GH/s in the 1.6 TH/s units. With manufacturing running at full capacity we are now able to ship the 1.6 TH/s TerraMiners immediately from stock, and so for a limited time, if you are a US resident customer* who purchased at the original price of $5,999 (plus shipping) we can ship you 2 x your original order of TerraMiner IV 1.6 TH/s Bitcoin miners with FREE ground shipping on the additional unit(s).  That’s 3.2 TH/s for the same price paid for 2 TH/s!

An order for 1 x TerraMiner IV at $5,999 entitles you to receive a second TerraMiner IV with FREE UPS Ground shipping. An order of 2 x TerraMiner IV’s with total price of $11,998 + shipping entitles you to receive 4 x TerraMiner IV 1.6 TH/s shipped immediately with FREE UPS Ground shipping for the additional 2 units.

Option 2

Some customers requested a refund because for whatever reason they were unable to run the TerraMiners in their location.  We have been working on a solution to this problem and you may have read the announcement on May 12th that we have now launched a new service offering cloud-based Bitcoin Mining Contracts through CoinTerra Mining at:

http://mining.cointerra.com

A cloud-based mining contract is a solution where you receive regular payouts at the contracted hash power for a fixed term, powered by our scalable TerraMiner farm in a 24 x 7 datacenter: No equipment, no electricity costs, and no hands-on system management required.

For a limited time we are offering the equivalent of your purchase price of each TerraMiner converted to the 2 TH/s mining contract which is currently priced at $7,999 - a savings of $2,000!  If you have 2 x TerraMiner IV’s then you will get 2 x 2 TH/s plans, etc.

To discuss your order, please reply to this email with your preferred phone number and time of day to reach you (please include your time zone) and we will get in touch. If you are only able to communicate via email (for example, if you are not comfortable speaking in English) then please reply to this email and we will get back in touch.

In the event that you these offers do not interest you, we completely understand and we will keep you on the refund list and we thank you for your ongoing patience and understanding as we work to stay ahead in the incredibly fast-moving Bitcoin ecosystem.

Please do not hesitate to reach out to us if you have any questions.

 

Team CoinTerra

customeroffers@cointerra.com

[chkgk]

Not having read the full 148 pages, would you care to point out the importance of this refund mail to me?
Thanks!

[aasl]

May 21st, 2014

Dear Ed,

We are getting in touch with you because you have previously requested a refund of your CoinTerra hardware order.

At the time of your refund request, it was likely communicated to you that we typically take between 2-4 weeks to process refunds. Unfortunately, we received a larger quantity of refund requests around the time that we started to ship our April batch of TerraMiners to customers, and as a result we are running behind on processing them, as they are refunded in the order in which the refund request is received.

Your refund request is still active, and we are currently anticipating between 8 and 12 weeks processing time for some refunds.  We will continue to work towards processing the refunds as quickly as possible.

However, we would also like to share with you two incredible limited-time offers that, should you choose, will quickly get you back on track with your bitcoin mining activities:

Option 1

Some customers requested their refund because of the hash power deficit of 400 GH/s in the 1.6 TH/s units. With manufacturing running at full capacity we are now able to ship the 1.6 TH/s TerraMiners immediately from stock, and so for a limited time, if you are a US resident customer* who purchased at the original price of $5,999 (plus shipping) we can ship you 2 x your original order of TerraMiner IV 1.6 TH/s Bitcoin miners with FREE ground shipping on the additional unit(s).  That’s 3.2 TH/s for the same price paid for 2 TH/s!

An order for 1 x TerraMiner IV at $5,999 entitles you to receive a second TerraMiner IV with FREE UPS Ground shipping. An order of 2 x TerraMiner IV’s with total price of $11,998 + shipping entitles you to receive 4 x TerraMiner IV 1.6 TH/s shipped immediately with FREE UPS Ground shipping for the additional 2 units.

Option 2

Some customers requested a refund because for whatever reason they were unable to run the TerraMiners in their location.  We have been working on a solution to this problem and you may have read the announcement on May 12th that we have now launched a new service offering cloud-based Bitcoin Mining Contracts through CoinTerra Mining at:

http://mining.cointerra.com

A cloud-based mining contract is a solution where you receive regular payouts at the contracted hash power for a fixed term, powered by our scalable TerraMiner farm in a 24 x 7 datacenter: No equipment, no electricity costs, and no hands-on system management required.

For a limited time we are offering the equivalent of your purchase price of each TerraMiner converted to the 2 TH/s mining contract which is currently priced at $7,999 - a savings of $2,000!  If you have 2 x TerraMiner IV’s then you will get 2 x 2 TH/s plans, etc.

To discuss your order, please reply to this email with your preferred phone number and time of day to reach you (please include your time zone) and we will get in touch. If you are only able to communicate via email (for example, if you are not comfortable speaking in English) then please reply to this email and we will get back in touch.

In the event that you these offers do not interest you, we completely understand and we will keep you on the refund list and we thank you for your ongoing patience and understanding as we work to stay ahead in the incredibly fast-moving Bitcoin ecosystem.

Please do not hesitate to reach out to us if you have any questions.

 

Team CoinTerra

customeroffers@cointerra.com

compared to hashfast, 8-12 week is nothing.

[cesmak]

Bought 3 more shares (I know that is nothing), but this is the best i can do... no more money to put in...

Cheers 

[michaelGedi]

May 21st, 2014

Dear Ed,

We are getting in touch with you because you have previously requested a refund of your CoinTerra hardware order.

At the time of your refund request, it was likely communicated to you that we typically take between 2-4 weeks to process refunds. Unfortunately, we received a larger quantity of refund requests around the time that we started to ship our April batch of TerraMiners to customers, and as a result we are running behind on processing them, as they are refunded in the order in which the refund request is received.

Your refund request is still active, and we are currently anticipating between 8 and 12 weeks processing time for some refunds.  We will continue to work towards processing the refunds as quickly as possible.

However, we would also like to share with you two incredible limited-time offers that, should you choose, will quickly get you back on track with your bitcoin mining activities:

Option 1

Some customers requested their refund because of the hash power deficit of 400 GH/s in the 1.6 TH/s units. With manufacturing running at full capacity we are now able to ship the 1.6 TH/s TerraMiners immediately from stock, and so for a limited time, if you are a US resident customer* who purchased at the original price of $5,999 (plus shipping) we can ship you 2 x your original order of TerraMiner IV 1.6 TH/s Bitcoin miners with FREE ground shipping on the additional unit(s).  That’s 3.2 TH/s for the same price paid for 2 TH/s!

An order for 1 x TerraMiner IV at $5,999 entitles you to receive a second TerraMiner IV with FREE UPS Ground shipping. An order of 2 x TerraMiner IV’s with total price of $11,998 + shipping entitles you to receive 4 x TerraMiner IV 1.6 TH/s shipped immediately with FREE UPS Ground shipping for the additional 2 units.

Option 2

Some customers requested a refund because for whatever reason they were unable to run the TerraMiners in their location.  We have been working on a solution to this problem and you may have read the announcement on May 12th that we have now launched a new service offering cloud-based Bitcoin Mining Contracts through CoinTerra Mining at:

http://mining.cointerra.com

A cloud-based mining contract is a solution where you receive regular payouts at the contracted hash power for a fixed term, powered by our scalable TerraMiner farm in a 24 x 7 datacenter: No equipment, no electricity costs, and no hands-on system management required.

For a limited time we are offering the equivalent of your purchase price of each TerraMiner converted to the 2 TH/s mining contract which is currently priced at $7,999 - a savings of $2,000!  If you have 2 x TerraMiner IV’s then you will get 2 x 2 TH/s plans, etc.

To discuss your order, please reply to this email with your preferred phone number and time of day to reach you (please include your time zone) and we will get in touch. If you are only able to communicate via email (for example, if you are not comfortable speaking in English) then please reply to this email and we will get back in touch.

In the event that you these offers do not interest you, we completely understand and we will keep you on the refund list and we thank you for your ongoing patience and understanding as we work to stay ahead in the incredibly fast-moving Bitcoin ecosystem.

Please do not hesitate to reach out to us if you have any questions.

 

Team CoinTerra

customeroffers@cointerra.com

yeah, this is something that's been eating at me as well...

do you want to clarify cryptx?

also, why are we hashing at 466 at this time?

thanks

[_biO_]

Excuse my ignorance, but what is there for cryptx to clarify?

[BongaManollo]

Cryptx was an angel investor in CT. I think they get different email, not about refunds.

[michaelGedi]

Excuse my ignorance, but what is there for cryptx to clarify?

whether he/they received options for compensation from cointerra due to under performing hardware, hardware bought with funds from the last IPO..

yes the latest prospectus does not promise anything related to this, but this is an issue that's kind of been "swept under the rug" as it were that should be addressed to provide clarity and transparency.


edit: @ bongamanollo - ok, but the issue of under performing hardware has not been mentioned to my knowledge since the initial delivery of cointerra units.

[Collider]

Thought i would post this here, in order to lighten up the mood and celebrate!



Now you can all bash me for my shitty gimp skills and everyone is happy!

[karol]

Cryptx,

Still not answered questions:
1. Why we are hashing at 466TH instead of 503 mentioned in prospect?
2. Why there is 27 Dragon miners in prospect when according to Your weekly updates about our re-investment found  we bought 39?

and new one:
3. What option of refund from cointerra will we have or maybe it was delivered already?

[Aireun]

So if we don't sell all 10k shares and deploy only with 1,143 TH/s and cryptx buys the rest of the shares does that mean we get "less than" 15gh/share. Or do we initially deploy with 1,143 TH/s and build up to 1500th/s through reinvestment or divs being held? Could someone clarify this for me?

[cesmak]

So if we don't sell all 10k shares and deploy only with 1,143 TH/s and cryptx buys the rest of the shares does that mean we get "less than" 15gh/share. Or do we initially deploy with 1,143 TH/s and build up to 1500th/s through reinvestment or divs being held? Could someone clarify this for me?

For what i've understand they deploy less power, but there are less shares, so the unit for one share will remain 15GH/s.

Correct me if i'm wrong.

[karol]

So if we don't sell all 10k shares and deploy only with 1,143 TH/s and cryptx buys the rest of the shares does that mean we get "less than" 15gh/share. Or do we initially deploy with 1,143 TH/s and build up to 1500th/s through reinvestment or divs being held? Could someone clarify this for me?

For what i've understand they deploy less power, but there are less shares, so the unit for one share will remain 15GH/s.

Correct me if i'm wrong.

You are right