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

[Puppet]

Or did you mean the price IPO was for - 0.095 BTC for 15GH ?

Thats what I meant, since that is what IPO investors got for their money.

Edit: I wonder where the difference ended: 6.33 (IPO)- 3.76(actual purchase) = 2.57 btc/th?

If Im not mistaken, thats what "rescued" previous investors who bought in at 0.05 but saw their hashrate increase significantly thanks to the new investors.

[ujka]

Right. New investors for 6.33 got 1th for 3.76, and gave a 'gift' of 2.56 to previous investors.

[fonsie]

Somebody can still dump 289 shares and then we've basically hit 0, making the succesrate of the next NEEDED IPO 0%

[fonsie]

Right. New investors for 6.33 got 1th for 3.76, and gave a 'gift' of 2.56 to previous investors.

This gift is needed to get out with your pants on or make sure the first investors keep promoting the mine. If it had a viable business plan this gift would not have been necessary.

[ujka]

Well done sir, 1.65BTC came from me  enjoy the donation

 
I bought some icecream thanks

And there you are, on youtu.be 
http://www.youtube.com/watch?v=9bpNivBeTaM&feature=youtu.be

[runam0k]

How much do trolling contracts pay nowadays?

(Evidently more than pumping contracts. )

[BongaManollo]

And there you are, on youtu.be 
http://www.youtube.com/watch?v=9bpNivBeTaM&feature=youtu.be

Nah, he has more charisma 

[fonsie]

It woud look better if cryptx would start pumping the amount of PH/s, but they are probably to busy watching the electricity meter.

They own 1,187% of the network, almost 50% less than what they promised, wich is reflected in the share price.
It's like a mouse running after a piece of cheese attached to a stick on his back hanging in front of him.

[runam0k]

It woud look better if cryptx would start pumping the amount of PH/s, but they are probably to busy watching the electricity meter.

They own 1,187% of the network, almost 50% less than what they promised, wich is reflected in the share price.
It's like a mouse running after a piece of cheese attached to a stick on his back hanging in front of him.

You have been prolific since you sold your shares. Not one post before that.

And I thought you were bad in the Wall Observer thread.

[Aireun]

It's important to note that the "bitcoin' world for investors is volatile in general, so it's to no surprise that bitcoin based investments are indeed volatile themselves. To top it off investing in a bitcoin market with bitcoin as a means of currency add's to the volatility. AND to top that off if it's not volatile enough... invest in a mining company of bitcoin in at a stage in time where mining bitcoin is incredibly difficult.

I don't know about you guys, but PETA is still doing a great job despite all these odds. If you know any better Bitcoin investment, especially a mining investment of bitcoin... let me know. Stay positive! The cryptx team is not about to let the company fall. Slow and careful development is key. If they can expand quick they will, if things don't go as planned (as they have)... oh well.... then re-planning is in order.  

[fonsie]

@runam0k

Before selling my shares I did make a post here.

I said the following to Puppet:

Whose puppet are you?
Those rockminer toys do seem to be generating more heat than bitcoins...

I actually was trying to tell that Puppet probably was a troll and that his reference to rockminer ASICS didn't make any sense, since they were not as power efficient as the equipment used by peta-mine. So I was on the same bandwagon as you.

But it kept nagging me that Puppet his numbers made sense, so I began re-reading almost the entire thread from when the last IPO was announced, I also made some calculations, with the mindset that it could be profitable, but the more I read and the more calculations I made, the more I realized I just made a big mistake.

So before I praised the peta-mine into the sky, I wanted to be sure that I wouldn't look a fool afterwards. That's why I didn't had time to post in this thread.

Not sure what the Wall-Observer thread has anything meaningfull to do with this thread, because all I did in there was trolling the troll fonzie.

I do have to admit that I like warning people now, because hey... I've got to have some pleasure for my lost 1.65BTC.

[ChevaL]

Question: How is the Annual yield calculated ? How do we get the ''138.71%'' ?

[Aireun]

Question: How is the Annual yield calculated ? How do we get the ''138.71%'' ?

It's calculated based on the last dividend return and share price investment, is it not?

[ujka]

Question: How is the Annual yield calculated ? How do we get the ''138.71%'' ?

(last weekly dividend) * 52 / (price of last trade)
0.00168724 *52 / 0.06325322 = 1.3871 = 138.71%

[fonsie]

Question: How is the Annual yield calculated ? How do we get the ''138.71%'' ?

It's calculated based on the last dividend return and share price investment, is it not?

I you buy the share NOW, collect every week the dividend of 0.0017 and sell after 12 months your share for the price you paid NOW, you'll get a yield of 138.71%.

But you have to be able to sell for the same price as you bought and the dividend has to stay the same. Both are highly unlikely.

[Aireun]

Indeed, the yield is hard to predict in a bitcoin mining company. Could be much less then presently or much more, depending on many factors.

[ujka]

Question: How is the Annual yield calculated ? How do we get the ''138.71%'' ?

It's calculated based on the last dividend return and share price investment, is it not?

I you buy the share NOW, collect every week the dividend of 0.0017 and sell after 12 months your share for the price you paid NOW, you'll get a yield of 138.71%.

But you have to be able to sell for the same price as you bought and the dividend has to stay the same. Both are highly unlikely.

I think annual yield doesn't take into account selling shares after a year - just the adding of all the dividends in a year (divided with the current price, ofc).
0.00168724 *52 = 0.08773648
0.08773648 / 0.06325322 = 1.3871 = 138.71%

[Aireun]

Question: How is the Annual yield calculated ? How do we get the ''138.71%'' ?

It's calculated based on the last dividend return and share price investment, is it not?

I you buy the share NOW, collect every week the dividend of 0.0017 and sell after 12 months your share for the price you paid NOW, you'll get a yield of 138.71%.

But you have to be able to sell for the same price as you bought and the dividend has to stay the same. Both are highly unlikely.

I think annual yield doesn't take into account selling shares after a year - just the adding of all the dividends in a year (divided with the current price, ofc).
0.00168724 *52 = 0.08773648
0.08773648 / 0.06325322 = 1.3871 = 138.71%

Correct

[fonsie]

Question: How is the Annual yield calculated ? How do we get the ''138.71%'' ?

It's calculated based on the last dividend return and share price investment, is it not?

I you buy the share NOW, collect every week the dividend of 0.0017 and sell after 12 months your share for the price you paid NOW, you'll get a yield of 138.71%.

But you have to be able to sell for the same price as you bought and the dividend has to stay the same. Both are highly unlikely.

I think annual yield doesn't take into account selling shares after a year - just the adding of all the dividends in a year (divided with the current price, ofc).
0.00168724 *52 = 0.08773648
0.08773648 / 0.06325322 = 1.3871 = 138.71%

But if you sold one year later for less then you paid, you wouldn't have made a 138% profit, that's how I see it...

[Aireun]

Question: How is the Annual yield calculated ? How do we get the ''138.71%'' ?

It's calculated based on the last dividend return and share price investment, is it not?

I you buy the share NOW, collect every week the dividend of 0.0017 and sell after 12 months your share for the price you paid NOW, you'll get a yield of 138.71%.

But you have to be able to sell for the same price as you bought and the dividend has to stay the same. Both are highly unlikely.

I think annual yield doesn't take into account selling shares after a year - just the adding of all the dividends in a year (divided with the current price, ofc).
0.00168724 *52 = 0.08773648
0.08773648 / 0.06325322 = 1.3871 = 138.71%

But if you sold one year later for less then you paid, you wouldn't have made a 138% profit, that's how I see it...

Depends what your goals are, if you want to ROI on btc then your at the mercy of peta mine, it's dividend return, and it's share market. If you want to ROI in fiat then your at the mercy of not only peta mine, it's dividend return, and it's share market, but also the bitcoin market (it's volatile value).

Now, of course If your goal is fiat ROI then even though you do less ROI in BTC you may have a large ROI in Fiat for holding BTC and selling at the right time. Mind you it could be just vice versa for ROI in fiat. .... Now, If your goals are both... then take up smoking, drinking and shove a horse shoe up your ass.

... Or become a real damn good day trader.