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

[Elvis Trout]

It's reading 1345 now on the 1hr, does look like new hardware maybe. I expect Cryptx bought 1500 anyway and were simply going to bring the rest online whenever the reinvestment fund could afford it, I guess we'll have to wait for friday for an announcement. Pretty exciting though, Glad I bought up some cheap shares while I could

[kenmomotaro]

It's reading 1345 now on the 1hr, does look like new hardware maybe. I expect Cryptx bought 1500 anyway and were simply going to bring the rest online whenever the reinvestment fund could afford it, I guess we'll have to wait for friday for an announcement. Pretty exciting though, Glad I bought up some cheap shares while I could

I believe CryptX is crazy. Now everyone, sell all shares! Run for your life~~~

[howardb]

We are very vulnerable in such a thin market to anyone with a bit of money being able to manipulate the price up or down. The fact that someone went as low as they did last night instead of spreading their sells over a time period the market can stand, indicates to me that they were more interested in bringing the price down (and possibly causing a panic) than getting the best possible price for their sell.

Such a trade in a regulated market would certainly have caught the eye of regulators.

No it wouldn't have! Look at the recent gold and silver price smash downs!

There is a difference between them noticing and having the balls to take on JPMorgan!!

[tsm13]

Here is my guess for dividends this week 0.002393. This is based on a guess and then some intricate adding, subtracting, divding, and halving

Est Mining Revenue for the week = 494
Est Mining Revenue minus hosting(0.25$/kw) for week = 371
Dividend Share(50%) - 185.5
Re-investment(50%) -  185.5
Per Share based 77492 = 0.002393

Few things I noticed that may impact this number

- 230 BTC was moved from the investment wallet on 4th June

Based on the public auctions CryptX has held recently sold kit for

23.2 BTC - June 4th
20 BTC - may 29th

Other used kit is being sold through www.asic-hardware.com no idea on volume

CryptX, will the recoop go to paying down the loans?

[naaktslak]

Nothing to worry about.  Double down.

The funny thing is that I've already received 50% of my initial btc investment back in dividends and the share price is almost 2x what I initially paid. Yeah.. real bad investment. /sarcasm

Meh.

Damn, wish i'd been around to see that, would of snapped those up!!

Generally now is time to buy cheap shares:) In my opinion everything below 0.085 is easy buy if You don't want to exit from PETA, wish I have spare funds...
We are trading at the same level as it was before IPO but now we have 3Xhashpower.

you think price will rise as dividends return on friday?

[skuser]

I'd say the biggest problem are neverending 15% difficulty jumps, first tomorrow and the next one almost for sure about 11 days later, this pace of hashrate growth will be barely possible to catch. I expect another dip after friday dividend payout...

[howardb]

I'd say the biggest problem are neverending 15% difficulty jumps, first tomorrow and the next one almost for sure about 11 days later, this pace of hashrate growth will be barely possible to catch. I expect another dip after friday dividend payout...

Hmm, first you come on here (as a newbie) telling us you doubt the farm even exists, now you are telling us there is no chance of ever catching difficulty.
Does it pay well in Club Troll?

[Elvis Trout]

I'd say the biggest problem are neverending 15% difficulty jumps, first tomorrow and the next one almost for sure about 11 days later, this pace of hashrate growth will be barely possible to catch. I expect another dip after friday dividend payout...

Hmm, first you come on here (as a newbie) telling us you doubt the farm even exists, now you are telling us there is no chance of ever catching difficulty.
Does it pay well in Club Troll?

Well he has a point about the difficulty, is our reinvestment increasing our hashrate at 15% every 11 days?

[howardb]

I'd say the biggest problem are neverending 15% difficulty jumps, first tomorrow and the next one almost for sure about 11 days later, this pace of hashrate growth will be barely possible to catch. I expect another dip after friday dividend payout...

Hmm, first you come on here (as a newbie) telling us you doubt the farm even exists, now you are telling us there is no chance of ever catching difficulty.
Does it pay well in Club Troll?

Well he has a point about the difficulty, is our reinvestment increasing our hashrate at 15% every 11 days?

You and your naysaying pals have made your position very clear with regard to keeping up with difficullty. But lots of people here disagree with you, and thats fine. What makes your postings suspicious is the constant repetition of the same assertions daily from the same small group of people and various newbies appearing out of the blue.

So lets just agree to disagree, and leave it that. Unless of course your paid not to leave it at that!

[Puppet]

Hmm, first you come on here (as a newbie) telling us you doubt the farm even exists, now you are telling us there is no chance of ever catching difficulty.
Does it pay well in Club Troll?

Maybe the newbie can do basic math?  Difficulty is growing at >1% per day (short term even 3%).

1%^7 = 7.2% per week.
1%^30 = ~35% per month

Your shares represent 15 GH/s each. To just keep up with difficulty,  that would need to increase by >35% per month or ~5GH over the next month.
Lets use tsm13's optimistic estimate for mining revenue: 0.002393 BTC/share/week and lets even assume difficulty wouldnt go up this month. 50% reinvestment yields ~0.0005 BTC or a bit over $3.

$3/5GH =$0.6/GH. Good luck with that.

[ujka]

I'd say the biggest problem are neverending 15% difficulty jumps, first tomorrow and the next one almost for sure about 11 days later, this pace of hashrate growth will be barely possible to catch. I expect another dip after friday dividend payout...

Hmm, first you come on here (as a newbie) telling us you doubt the farm even exists, now you are telling us there is no chance of ever catching difficulty.
Does it pay well in Club Troll?

Well he has a point about the difficulty, is our reinvestment increasing our hashrate at 15% every 11 days?

Stats page is now showing 1338 th, and that's 15.3% over the initial hashrate of 15gh per unit.
Don't know how??

[howardb]

Hmm, first you come on here (as a newbie) telling us you doubt the farm even exists, now you are telling us there is no chance of ever catching difficulty.
Does it pay well in Club Troll?

Maybe the newbie can do basic math?  Difficulty is growing at >1% per day (short term even 3%).

1%^7 = 7.2% per week.
1%^30 = ~35% per month

Your shares represent 15 GH/s each. To just keep up with difficulty,  that would need to increase by >35% per month or ~5GH over the next month.
Lets use tsm13's optimistic estimate for mining revenue: 0.002393 BTC/share/week and lets even assume difficulty wouldnt go up this month. 50% reinvestment yields ~0.0005 BTC or a bit over $3.

$3/5GH =$0.6/GH. Good luck with that.

Well, since these shares cannot be shorted, do you mind telling us why you are still here? reminding us every single day of why this investment cannot work? Are you just big hearted and want to save us from our own ignorance??

[Elvis Trout]

I'd say the biggest problem are neverending 15% difficulty jumps, first tomorrow and the next one almost for sure about 11 days later, this pace of hashrate growth will be barely possible to catch. I expect another dip after friday dividend payout...

Hmm, first you come on here (as a newbie) telling us you doubt the farm even exists, now you are telling us there is no chance of ever catching difficulty.
Does it pay well in Club Troll?

Well he has a point about the difficulty, is our reinvestment increasing our hashrate at 15% every 11 days?

You and your naysaying pals have made your position very clear with regard to keeping up with difficullty. But lots of people here disagree with you, and thats fine. What makes your postings suspicious is the constant repetition of the same assertions daily from the same small group of people and various newbies appearing out of the blue.

So lets just agree to disagree, and leave it that. Unless of course your paid not to leave it at that!

I am heavily invested in this operation so I am not here simply to troll, these are genuine concerns. The reason these things are repeated is because unfortunately no-one so far has provided any information to disprove the assertion.

Edit: although the rising btc price might keep us going a bit longer.

[Puppet]

Im just giving you the facts, like I have been doing for years. Understanding what most of you fail to understand made me reasonably rich, not through shorting (how I wish I could, Id have been filthy rich!)  but simply by not falling in to the traps everyone else keeps falling in. A >10000% profit in a few short years without doing anything is more than enough for me, that I dont understand why everyone keeps gambling their bitcoins on things that can yield no more than single or low double digit profits at the enormous risk, if not near certainty, of losing them.

But yeah, I also do it because I get some perverse satisfaction from seeing people ignore my advice or vehemently arguing against basic logic, and subsequently losing their coins, time and again.

[tsm13]

Puppet its all about timing. i think most folks get burned by greed though

Timing
When to get in(do your market research, look at everyone's opinion subjectively)
When to hodl(div projections to achieve ROI vs share price ROI or a combination of the both, maths)
How long until it turns sour(guessing game)
When to get out(see greed factor)

The Greed factor
e.g. set yourself a goal return (be fucking realistic) ie 15% roi. When you achieve it dont let greed overturn your decision

rinse and repeat

Disclaimer: I have fucked up on pretty much all of these, but learnt the lesson to not repeat it

[IPO Magic]

^A few more:

When the exchange shuts down.
When the issuer runs away.

[Puppet]

Puppet its all about timing. i think most folks get burned by greed though

Timing is important, but its even more important to understand the fundamentals of the market. When it comes to asic mining, on average anyone who is directly or indirectly dependent on market prices for their hardware, ie, doesnt produce his own chips,  will get shafted. You may get lucky here and there, with clever or lucky "timing", but those instances are the proverbial exceptions that prove the rule; The odds are firmly stacked against you, and this is inherent to the weird market dynamics of bitcoin mining. Its no coincidence that about the only bitcoin mining related security ever to yield a healthy long term profit for their investors was Asicminer, who produces chips and therefor does not fall in the above category. And even that profit is in the double digits, no more than that.

Far too few people understand this, and they just look for the "least worst" opportunity out there. Since there are so many wannebee investors, they create demand and drive up prices (and directly or indirectly, hashrate) in a market that is zero sum, and the result is that there are no decent opportunities for anyone. Maybe cryptx will be among least worst, but its not gonna yield a BTC denominated profit in the long run. All it will do is funnel capital to the asic vendors and their mega mines who will end up owning this market.

BTW, I should add, cryptx is no fool. If he can avoid regulatory trouble, then he will profit too, regardless of his investors ROI. I suspect he also understands the fundamentals all too well.

[Elvis Trout]

Puppet its all about timing. i think most folks get burned by greed though

Timing is important, but its even more important to understand the fundamentals of the market. When it comes to asic mining, on average anyone who is directly or indirectly dependent on market prices for their hardware, ie, doesnt produce his own chips,  will get shafted. You may get lucky here and there, with clever or lucky "timing", but those instances are the proverbial exceptions that prove the rule; The odds are firmly stacked against you, and this is inherent to the weird market dynamics of bitcoin mining.

Far too few people understand this, and they just look for the "least worst" opportunity out there. Since there are so many wannebee investors, they create demand and drive up prices (and directly or indirectly, hashrate) in a market that is zero sum, and the result is that there are no decent opportunities for anyone. Maybe cryptx will be among least worst, but its not gonna yield a BTC denominated profit in the long run. All it will do is funnel capital to the asic vendors and their mega mines who will end up owning this market.

BTW, I should add, cryptx is no fool. If he can avoid regulatory trouble, then he will profit too, regardless of his investors ROI. I suspect he also understands the fundamentals all too well.

Well in terms of timing, perhaps having a large hashrate just before a boom will be 'lucky', so maybe we will see ROI. I admit we'd have to be lucky, but it is still a possibility.

[DropDead.Be]

Here is my guess for dividends this week 0.002393. This is based on a guess and then some intricate adding, subtracting, divding, and halving

Est Mining Revenue for the week = 494

I figure we most likely will only hit 400 BTC at the dividend payout on friday. :s

[Puppet]

Well in terms of timing, perhaps having a large hashrate just before a boom will be 'lucky', so maybe we will see ROI. I admit we'd have to be lucky, but it is still a possibility.

A boom in what? A BTC valuation boom isnt going to help you generate a BTC denominated profit. Au contraire, it will only add fuel to the already explosive network growth (and of course, helps BTC holders like me).