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

[spartan82]

That's what the former Chief of Tax Administration in my contry said: what would you rather - be saving money for all your live and buy a yacht when old, or take a loan and buy a yacht and enjoy on it now?

Lol I like your way of thinking my man! But in all seriousness money don't come free, u need money to make money so if that means taking a loan now to step up big and keep ahead in the long run then why the hell not. The future deals from chip developers and miner fabrication costs will be the most crucial part of this operation. If cryptx can deliver miners cheaper than most can order them for then we are winning all the way

[Puppet]

Why post charts where it shows we die in 10 weeks but fail to mention we will start reinvestment at some point

I guess thats the problem with pretty pictures, if you post pics, people stop reading  

Because of the reinvestment, you will never realize the sum of dividends I plotted in that chart, you wont even get close.  You werent paid the 0.0042 BTC first dividend shown there either, were you? THink of it as a best case theoretical scenario.

Instead of 0.052,  the sum of all divs will be ~0.025 (@50% reinvestment) plus whatever your "re"-investments will earn. How much will that be? If future investments are just as "successful" as the current one, each round will roughly cut the invested sum in half. So 0.025BTC mining revenues reinvested will yield 0.0125 in mining revenue, 50% of which will be paid out as divs (0.0062) the other half reinvested yet again to be decimated yet again. In the end that would yield an overall dividend of ~0.033 after an infinitive number of reinvestment cycles. Three cheers for reinvestment! BTW, to achieve a positive ROI in total, based on the same network assumptions, those reinvestments will have to be four times more profitable than the current one. Good luck with that.

[NotLambchop]

@ujka; spartan82:  Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

[spartan82]

@ujka; spartan82:  Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

You obviously never dealt with drugs before and youre using it as an example, but unfortunately ur pointing at the street level junkies, so ill break it down for you buddy.. Higher bankroll, bigger outlay means bigger discount when bulk buying.

[NotLambchop]

@ujka; spartan82:  Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

You obviously never dealt with drugs before and youre using it as an example, but unfortunately ur pointing at the street level junkies, so ill break it down for you buddy.. Higher bankroll, bigger outlay means bigger discount when bulk buying.

Lol, you obviously have dealt with drugs before, buying into this financial crack.  Sorry it turned out to be sheetrock
Keep living large, rockstah!

[naaktslak]

But since when does peta use loans to buy mining equipment? I thought all the equipment were bought with our buy in money?

[spartan82]

@ujka; spartan82:  Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

You obviously never dealt with drugs before and youre using it as an example, but unfortunately ur pointing at the street level junkies, so ill break it down for you buddy.. Higher bankroll, bigger outlay means bigger discount when bulk buying.

Lol, you obviously have dealt with drugs before, buying into this financial crack.  Sorry it turned out to be sheetrock
Keep living large, rockstah!

Don't hate on everyone because you bought late and sold too early.. Ull survive. Hope you didn't lose more than you could afford. You'll get back up there lamb chop, just be wiser with your Bitcoin next time round. Your fuck ups don't count as reasonable grounding to be giving everyone on here financial advice. Start a new thread offering tips and investment advice as a stock broker and quit trolling this thread champion. Hope it works out for you

[spartan82]

But since when does peta use loans to buy mining equipment? I thought all the equipment were bought with our buy in money?

They do, but there were more shares offered as another IPO to raise the funds, some funds were raised and the rest was lent to PETA by cryptx for growing our hash rate with more miners. It was a smart move

[NotLambchop]

@ujka; spartan82:  Like a junky who realizes that dealing dope doesn't quite cover his habit, PETA takes out a loan.
"With this loan, I'll get cheaper product and cut it harder, guaranteed profit!"

You obviously never dealt with drugs before and youre using it as an example, but unfortunately ur pointing at the street level junkies, so ill break it down for you buddy.. Higher bankroll, bigger outlay means bigger discount when bulk buying.

Lol, you obviously have dealt with drugs before, buying into this financial crack.  Sorry it turned out to be sheetrock
Keep living large, rockstah!

Don't hate on everyone because you bought late and sold too early.. Ull survive. Hope you didn't lose more than you could afford. You'll get back up there lamb chop, just be wiser with your Bitcoin next time round. Your fuck ups don't count as reasonable grounding to be giving everyone on here financial advice. Start a new thread offering tips and investment advice as a stock broker and quit trolling this thread champion. Hope it works out for you

D00d, I ain't hatin' on you, just enjoying watching cryptex lovin' u up teh butt
(and stop being insulting, I have zero coin in the absurdity known as PETA and her retarded sister, SCRYPT.)

*If i catch you huffing my floor cleaner again, I'll have to start buying the cheap stuff.  In bulk.  No more fresh pine scent 4 U!

[Puppet]

Now go back to december 2013 and use the data that was available at that time to make a similar forecast and see where that lands you.

The first batch of investors was temporarily saved by freebies that came at the expense of later investors. Is that a business model you think will continue, and is that what you are betting on? Because there is a word for that.

Still, you are correct its useful to go back in time. Since no one here can seem to bother looking up gigamining, bitbond, puremining, BTC-Mining, BMF or *ANY* bitcoin mining security ever, lets instead have a look at Crytpx' own projections:

https://docs.google.com/spreadsheet/ccc?key=0AjI5bgsiFJAidFdzOTk1aXl6cS1zNG1nck5OZjRBeXc&usp=drive_web#gid=0

By his estimate today's network should be at 61PH. In reality its ~90PH.

He was also expecting to mine 409.47 BTC / 36504 shares = 0.0112 BTC / share /week.
In reality he achieved 402.33 BTC / 77492 shares = 0.0051 BTC / share /week..

Good thing he is gambling with your money and not his own. I think Im going to refer to Cryptx as "Mr 50%" from now on.

[spartan82]

You make no sense to me at all but it did sound kind of cute. Run along and take your troll bike with you then lad

[ujka]

From that projection:
date          network TH          peta TH      
6/6/2014        61000                694

actual, now:
6/6/2014        85000 (139%)    1276 (184%)

[Puppet]

From that projection:
date          network TH        peta TH      
6/6/2014        61000              353

actual, now:
6/6/2014        85000            1276

How cares about petamine total hashrate? Did you get 2x more shares because cryptx did another IPO? What matters is hashrate or dividend per share.
BTW 7 day average is 89.7 PH
https://blockchain.info/charts/hash-rate?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

[_biO_]

And for what it's worth, he actually projected a dividend of 0.00214022 for 6/6/2014 (if you change dividend/reinvestment split to 50/50 on that day). Pretty close to the actual 0.00209952 =)

[howardb]

Why are you all giving the Trolls the oxygen of engaging them in conversation? They are paid and obvious so ignore them!

[ujka]

Again, from projection:
shares: 66500, peta hashrate: 694,  11gh/s per share

now:
shares: 77500, peta hashrate: 1276,  16.35gh/s per share

gh/s per share is up 50%, network is up 39%.

And now I'l just listen what howardb said 

[Anonymousg64]

i cannot take the bet due to the risk of some factors, but i believe i will certainly ROI more then once over PETA lifetime

i have increased my holding from 52 to 64

i also operate a set of X13 mining rigs with a total of 34Mh/s, rather then reinvest in more rigs (which is not possible with the power limitations of where i am) i reinvest in PETA

[Draino]

so how do you guys feel about contributing to a 51% attack on the bitcoin network for a streamlined interface?

[Anotheranonlol]

so how do you guys feel about contributing to a 51% attack on the bitcoin network for a streamlined interface?

nonchalant

[_biO_]

sounds good, let's go!