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

[NotLambchop]

@Aireun:

[jimmothy]

PETAMINEs competition: https://bitcointalk.org/index.php?topic=655464.0

0.028 btc and 18GH per share or $0.93/GH..

They should really just sell their entire mine and buy a datatank cointainer.

Almost forgot to mention hosting costs are $0.025/kwh.

[stompysteve]

...

...

@stompysteve:  You're (intentionally?) missing the point.  I have warned the coinreturn kids, they raged and sperged like Mr.Aireun is doing now, and now they're paying the price...
...as you will be soon.

or maybe im just like you not invested at all?
 

[NotLambchop]

@stompysteve; Aireun:  Your posts, while full of spergings and (I'm having to guess here) puerile attempts at wit, contribute nothing of interest to this conversation.
Unless your intent is to simply shit up this thread, consider deleting all of them.
ty

[kenmomotaro]

PETAMINEs competition: https://bitcointalk.org/index.php?topic=655464.0

0.028 btc and 18GH per share or $0.93/GH..

They should really just sell their entire mine and buy a datatank cointainer.

Almost forgot to mention hosting costs are $0.025/kwh.

If Datatank Mining can perform 100% what they said, then it really is super competitive.
I'm evaluating this investment, maybe put some btc in it.

[pedrog]

PETAMINEs competition: https://bitcointalk.org/index.php?topic=655464.0

0.028 btc and 18GH per share or $0.93/GH..

They should really just sell their entire mine and buy a datatank cointainer.

Almost forgot to mention hosting costs are $0.025/kwh.

Don't get too excited...

Dividend Payments
Profits will be paid weekly in form of dividends. First payments are expected when the initial hardware is deployed, 3-6 months after successful fund raising.

[MineForeman.com]

Anyways not sure if this company is mining or not can someone sum it up ?

Yep, they are up and mining, also paying regular dividends. ( https://www.havelockinvestments.com/fund.php?symbol=PETA ) click on dividends).

With all the FUD going on here the price is quite good too.  If I was not so much of a coward I might even put in a bid but trading scares me.

Neil

[EternalWingsofGod]

Anyways not sure if this company is mining or not can someone sum it up ?

Yep, they are up and mining, also paying regular dividends. ( https://www.havelockinvestments.com/fund.php?symbol=PETA ) click on dividends).

With all the FUD going on here the price is quite good too.  If I was not so much of a coward I might even put in a bid but trading scares me.

Neil

Thanks for clarifying it
It looks like its still releasing dividends on a fairly consistent schedule
And the market is always scary with Bitcoin he-he 400 500 600 700 dollars it moves a fair bit d

[Puppet]

If Datatank Mining can perform 100% what they said, then it really is super competitive.
I'm evaluating this investment, maybe put some btc in it.

As pedro pointed out, deployment seems 3-6 months away, and by that time, that price isnt going to look good at all.

As far as hosting/collocation goes (the "b" shares), datatank solves a problem that isnt one yet: cooling costs. This is still  insignificant compared to the hardware devaluation. Small residential miners dont care at all because they need no active cooling, the mega mines dont care yet because many of them they pay ~$0.02/KWH, and cooling costs represent only a tiny fraction of their overall costs.

Datatank's comparisons with traditional datacenters is also very flawed; these datacenters are obviously more expensive, but not so much because they use aircooling, but because they provide all sorts of HA features like  backup power (arguably their biggest cost), advanced fire suppression, access control, intrusion detection, high speed interconnects, data backup facilities,  etc, etc. All things needed for enterprise hosting, but increasingly pointless for bitcoin mining; as mining margins dwindle and costs shift to electricity,  it will increasingly become better to risk some outages than pay high fees for high availability hosting.

Still, B shares are worth a look IMO, Ill have to run some numbers before deciding if its worth investing in, but longer term at least conceptually it makes some sense; Just dont pay attention to the flawed comparison they make with traditional DC's.

[Puppet]

With all the FUD going on here the price is quite good too.  If I was not so much of a coward I might even put in a bid but trading scares me.

If you think its a good investment, but dont want to rely on the exchange (on the latter we're in the same boat), lets make a deal. I will offer you what cryptx offers +10% for a period of 6 months. So you would pay me the market price (escrow or multisig is fine), I would pay you the same divs as cryptx +10% for 6 months and then return you the remaining market value.

Since this would constitute a naked short on my part, we'll have to cap the theoretical maximum gain, but Id be okay escrowing a fairly unrealistically high amount.

[blizeH]

So he doesn't want to rely on the Havelock exchange, but should rely on transferring the BTC to a stranger? Right.

[Puppet]

So he doesn't want to rely on the Havelock exchange, but should rely on transferring the BTC to a stranger? Right.

Ive been around (far) longer than any bitcoin security exchange. But for those that dont know or trust me, as mentioned, im open to using escrow or multisig transactions with a third party arbiter. Id say thats a lot safer than relying on some Panamese company thats breaking security regulations all over the world.

[Puppet]

[nwfella]

Sheesh...seeing the lack of buy depth represented in the above graph isn't exactly inspiring confidence.  Honestly, I'm a little surprised there isn't a whole heck of a lot more price manipulation taking place by some of the larger shareholders.  Wouldn't take much for one of them to decimate the price so significantly that all of us little fish could easily be forced out.

Add to that no new hash added to cryptx network for sometime and not digging this situation much

[MineForeman.com]

With all the FUD going on here the price is quite good too.  If I was not so much of a coward I might even put in a bid but trading scares me.

If you think its a good investment, but don't want to rely on the exchange (on the latter we're in the same boat), lets make a deal.

Thanks for the offer and I may get back to you.  Like I said though, I am too much of a coward to move quickly (if at all).  There are so many factors involved in these things and I don't understand half of them yet.

On the surface (assuming peta or havlock or both are not scams) it looks like a wildly good investment compared to your standard (non bitcoin) security.  I mean, they do weekly dividends and have physical assets.  Add to that, the order book is very oddly slanted to one side, it looks to me that it is going to crash and then someone is going to pick up a bundle at a low factor of the dividend.

My fears are that it is too good to be true, I know that Havlock has supposedly audited them (in some way) and the physical assets are actually real (as in you can touch them) but the order book is so one sided I cannot help but suspect that there is a fish in there somewhere.  I mean, I cannot believe that everyone not holing the security cannot see the opportunity... so it scares me and makes me think something else is going on and I am just not privy to the information.  (Or bitcoiners are really stupid and believe FUD on face value... totally a possibility... Pirateat40 AKA Pirate AKA Trendon Shavers anyone?)

Neil

[Puppet]

On the surface (assuming peta or havlock or both are not scams) it looks like a wildly good investment compared to your standard (non bitcoin) security.

Did you mistype or actually mean that you think this is a wildly good investment compared non bitcoin securities?
If you meant to say compared to your average bitcoin security (70% of which are scams, 29% mining bonds which always loose and 1% that may be worth something), then Id agree. Of course the prettiest of all piles of poo is still a pile of poo.

I mean, they do weekly dividends and have physical assets.

Physical assets that depreciate much faster than snow melts in the sahara and dividends that are function of difficulty. Have you looked at difficulty or network hashrate charts recently? Yesterday difficulty went up 14.5%  and  its currently projected to increase >18% in 11 days. That means dividends go down by the same amount, and your physical assets depreciate by about  as much, and this is even before the big onslaught; Asicminer based rigs start shipping this or next week, good for a total of 60-100PH (!). Antminer starts shipping its 28nm S3 next week. KnC starts shipping and probably deploying its 20nm this week. Heck, even BFL may finally begin deploying some Monarchs this week, and then there is my hunch that a 28nm Bitfury is just around the corner.

Look, I shouldnt be saying this and talk you in to accepting my short, but honestly, its like taking candy from a baby.

Cryptx is not a scam, its run fairly professionally and to my knowledge honestly (even if in blatant violation of regulations), but its just another mining bond, and one based on hugely overpriced hardware (nearly 5BTC/TH) with very high electricity/hosting fees and a loan that needs to be paid back for the next 2, possibly 3 months. Even if it was a good mining bond,  to my knowledge no mining bond ever has produced a positive BTC denominated ROI over its lifetime, or even come close.  When cryptx  has dropped to around 0.025-0.035, then consider picking up some shares and pray reinvestment is either scaled back or done far more competitively then until now. But right now, you'd be nuts to buy. But hey, if you disagree, striking a deal with me will at least be slightly less nuts, to the tune of ~10% less nuts

[MineForeman.com]

Look, I shouldnt be saying this and talk you in to accepting my short, but honestly, its like taking candy from a baby.

Mildly insulting, there is no real need for that.

Cryptx is not a scam, its run fairly professionally and to my knowledge honestly (even if in blatant violation of regulations), but its just another mining bond, and one based on hugely overpriced hardware (nearly 5BTC/TH) with very high electricity/hosting fees and a loan that needs to be paid back for the next 2, possibly 3 months. Even if it was a good mining bond,  to my knowledge no mining bond ever has produced a positive BTC denominated ROI over its lifetime, or even come close.  When cryptx  has dropped to around 0.025-0.035, then consider picking up some shares and pray reinvestment is either scaled back or done far more competitively then until now. But right now, you'd be nuts to buy. But hey, if you disagree, striking a deal with me will at least be slightly less nuts, to the tune of ~10% less nuts

You have nicely outlined the downsides to mining, and yeah, as a miner I am aware that is fully part of the game but what about the mining hardware about to hit the peta network?  I mean if you read the updates page on;-

https://www.havelockinvestments.com/fund.php?symbol=PETA

A good chunk of the weekly "profit", as well as some pre-financed stuff in addition to sales of older less efficient hardware that was sold is going into new gear.  You say Cryptx is reputable but is this a pack of lies?

Neil

[hephaist0s]

@MineForeman.com Welcome to the PETA thread! Minepeon is a godsend, I rely on it for many things -- and I barely understand linux, but am able to use it anyway. Thanks a lot for that! It is a truly super tool.

I can't predict the future. I haven't crunched this week's numbers. Past performance is not a predictor of future success. And I'm definitely not offering investment advice.

But, for the record, Peta-Mine has been a very solid investment for me. I bought in ~9 months ago, at .065/share, and a bit more at .05/share. Share price has been pretty stable during most of that time. At the moment, we are still trading above those numbers, so I could easily sell for a profit. In addition, dividends during that time have been something like ~50% of those IPO values. So... fantastic investment, by any measure.

Nonetheless, every time I come to this thread it is clogged with sky-is-falling, OMG-you-people-are-idiots, this-is-such-scam FUD. And every Friday I make some more profit, just by holding.

Just saying.

[stompysteve]

Fud.fud.fud.dividend.fud.fud.fud.dividend
This is going to continue until there is no day trading opportunity

Uncertainty keeps killing any walls anyone puts up

[jessebtc]

But, for the record, Peta-Mine has been a very solid investment for me. I bought in ~9 months ago, at .065/share, and a bit more at .05/share. Share price has been pretty stable during most of that time. At the moment, we are still trading above those numbers, so I could easily sell for a profit. In addition, dividends during that time have been something like ~50% of those IPO values. So... fantastic investment, by any measure.
Nonetheless, every time I come to this thread it is clogged with sky-is-falling, OMG-you-people-are-idiots, this-is-such-scam FUD. And every Friday I make some more profit, just by holding.
Just saying.

+1 +1 +1 exactly!
another week, another excellent dividend reinvested in a few more shares.
J