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

[NotLambchop]

...
Sidenote on people referring to CryptX as a 'him': CryptX is a team of two, registered as a company in Belgium and a datacenter that's on a map. It would be nice if we could stop talking about them as if they were a dodgy and traceless individual (e.g. pbmining so far).

Another totally not dodgy team:

[aasl]

what does NEO do?

[NotLambchop]

^
NEO tells you to stop running with scissors.

[altoidmintz]

what does NEO do?

exactly

if you need to ask, don't invest.

and you need to ask

[stompysteve]

This whole market/ipo thing is a bit unfortunate. But havelock has had opening/closing market at inopportune times before...

As for the second (planned, unlike what some users seem to think) IPO batch, I'm sure it'll go pretty well once hardware comes online on Monday. People are sceptical to the extreme with this kind of project, but once some sort of assurance is given (e.g. CryptX buy-in) the sales go up very fast.

On the note of hardware, sure it's unfortunate that we're under 500, but with larger hardware quantity comes greater variance. It'll be the same when we deploy 1100-1500 TH/s.

Sidenote on people referring to CryptX as a 'him': CryptX is a team of two, registered as a company in Belgium and a datacenter that's on a map. It would be nice if we could stop talking about them as if they were a dodgy and traceless individual (e.g. pbmining so far).

WHY ARE WE ONLY HASHING AT 1400 TH IN THE LAST 15 MIN, CRYPTX NEEDS TO GIVE DIV COMPENSATION THIS WEEK!!

 

[_biO_]

I'd say the code behind havelock is about mtgox level quality

What do you mean?

It looks like a lot is managed manually, which would mean the code is not doing what it's supposed to do. The things I can see from the outside are not very promising. Website written in PHP, ajax requests with html as response, mixed spaces/tabs formatting, the overall html/js/css structure... all indicative of a low quality codebase.

[Aireun]

So we have a total of 199'ish bitcoins mined this week. And if we sell out of this IPO (at current) we should only need about 486 BTC to invest more to start reciving dividends. Am I right?

[pleiotropik]

So we have a total of 199'ish bitcoins mined this week. And if we sell out of this IPO (at current) we should only need about 486 BTC to invest more to start reciving dividends. Am I right?

Depends.

[CBGuy]

This whole market/ipo thing is a bit unfortunate. But havelock has had opening/closing market at inopportune times before...

As for the second (planned, unlike what some users seem to think) IPO batch, I'm sure it'll go pretty well once hardware comes online on Monday. People are sceptical to the extreme with this kind of project, but once some sort of assurance is given (e.g. CryptX buy-in) the sales go up very fast.

On the note of hardware, sure it's unfortunate that we're under 500, but with larger hardware quantity comes greater variance. It'll be the same when we deploy 1100-1500 TH/s.

Sidenote on people referring to CryptX as a 'him': CryptX is a team of two, registered as a company in Belgium and a datacenter that's on a map. It would be nice if we could stop talking about them as if they were a dodgy and traceless individual (e.g. pbmining so far).

+1

[havelock]

We also know who they are buying their equipment from as we release funds from escrow to cover the cost.

By Monday the PETA Fund will live up to its name and start hashing above Peta.

Thank you for everyone who have supported this Fund.

[Collider]

Food for thought:

With BTC rising, would it be possible to deploy a little more hardware, as delivery contracts are probably in USD?
I mean, cryptx should be raising more money than initially anticipated, which could be passed on to investors for slightly more GH/share.

[Morguk]

How stable is the future of peta-mine?

I ask because a few days ago people were selling and leaving and there was a lot of talk that peta was a waste of time.

I held my shares, but can someone explain how peta will sustain itself in say 6 months?

[naaktslak]

when can we expect dividends?

[Anonymousg64]

when can we expect dividends?

we will know better when we start getting hardware online and after the ipo

[altoidmintz]

We also know who they are buying their equipment from as we release funds from escrow to cover the cost.

By Monday the PETA Fund will live up to its name and start hashing above Peta.

Thank you for everyone who have supported this Fund.

+++++

[kenmomotaro]

How stable is the future of peta-mine?

I ask because a few days ago people were selling and leaving and there was a lot of talk that peta was a waste of time.

I held my shares, but can someone explain how peta will sustain itself in say 6 months?

IMO, we are not going to see the plateau period of difficulty in a short period of time. Yes, I'm saying we might keep 15%+ difficulty rising for months. So, in order to make PETA more competitive, I think we should increase our hashrate as fast as we can. So that Cryptx is able to reduce hosting fee further. Let's say PETA hit 3 PH/s or more, maybe hosting fee will reduce to $0.2/kWh or something. So I totally agree Cryptx expands our hashrate at full speed. Maybe some of us didn't see that point and sell their shares too early. For long term profit, I support dividends/reinvestment adjusts to 10%/90% until we can reduce hosting fee further.
Though that might crush the yield and share price?

[NotLambchop]

... For long term profit, I support dividends/reinvestment adjusts to 10%/90% until we can reduce hosting fee further.
Though that might crush the yield and share price?

Here's an idea:  If everyone just sends all their dividends back to cryptx, PETA will be able to grow its hashrate faster than network difficulty increase, and eventually will control 200% of the network.

Yeah, I think up smart stuff like this all the time.  Mom wasn't kidding when she told me I'm one of God's special chosen ones.

[kenmomotaro]

... For long term profit, I support dividends/reinvestment adjusts to 10%/90% until we can reduce hosting fee further.
Though that might crush the yield and share price?

Here's an idea:  If everyone just sends all their dividends back to cryptx, PETA will be able to grow its hashrate faster than network difficulty increase, and eventually will control 200% of the network.

Yeah, I think up smart stuff like this all the time.  Mom wasn't kidding when she told me I'm one of God's special chosen ones.

Did you do the calculation?
If we send all the dividends back to Cryptx, we can just merely catch up with the difficulty grows since the reinvestment  ghs/$ is not cheap...
what i'm saying is with enough hashrate we could reduce hosting fee and become more competitive. Did you get that point?

[NotLambchop]

... For long term profit, I support dividends/reinvestment adjusts to 10%/90% until we can reduce hosting fee further.
Though that might crush the yield and share price?

Here's an idea:  If everyone just sends all their dividends back to cryptx, PETA will be able to grow its hashrate faster than network difficulty increase, and eventually will control 200% of the network.

Yeah, I think up smart stuff like this all the time.  Mom wasn't kidding when she told me I'm one of God's special chosen ones.

Did you do the calculation?
If we send all the dividends back to Cryptx, we can just merely catch up with the difficulty grows since the reinvestment  ghs/$ is not cheap...

So tell cryptx to issue more shares, have more IPOs, and withhold all the divs 'til PETA controls 200% of the network.
If it makes sense this time, it makes 3.14 times as much sense to do it again.

Bonus: Keep increasing the hashrate 'til hosting fees start getting negative -- moar profit.

[JstnPwll]

So tell cryptx to issue more shares, have more IPOs, and withhold all the divs 'til PETA controls 200% of the network.
If it makes sense this time, it makes 3.14 times as much sense to do it again.

Bonus: Keep increasing the hashrate 'til hosting fees start getting negative -- moar profit.

How to tell when you should move along to another thread: when legitimate critical thinking and skepticism are traded for trolling.