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

[pedrog]

Thank you dumpers, today was my best trading day!

I was hoping to bay back at 0.04XX and it really happened.

[hephaist0s]

Thank you dumpers, today was my best trading day!

I was hoping to bay back at 0.04XX and it really happened.

Yes, at least there's that. Cheapest shares I've ever bought.

[dhenson]

There were 400 shares for sale at .03 and they didn't sell.  I was waiting on confirmations...

[dhenson]

The fact that puppet is now being quiet tells me his bids filled.  Despite his claims to the contrary.

[ChevaL]

The fact that puppet is now being quiet tells me his bids filled.  Despite his claims to the contrary.

Assuming he is in fact the reason of this insane drop, he is probably having a well deserved nap in his 0.22 shares :p

[Ashitank]

Looks like first wave has come & gone , but I dont think party is over yet 

[ChevaL]

Looks like first wave has come & gone , but I dont think party is over yet 

Havelock is deaded

[Ashitank]

Looks like Peta has deployed some more hash , now 1283Th/s for 15Mins & 1216Th/s for 24hrs interval.


image hosting above 5 mb

[aatt44zz]

I started doing some work yesterday...

My numbers showed that by the time the mine is unprofitable(November), there will be ~275BTC in the reinvestment fund and .0105 BTC will have been paid out per share in dividends.

My assumptions were:
1% daily hash growth rate(conservative)
Steady BTC value
Steady Hosting fees

I don't believe there is much of a chance to recover from the situation, but it starts with hosting cost cuts. Reinvestment percentage adjustment may help, but that also adds a lot of risk into the equation. A surge in bitcoin price may also paint a brighter picture. Loans are not the answer.

I intended on building a full featured simulation, but I didn't get that far as the numbers scared me away. It is half baked and unfinished, but here is what I was looking at.

https://docs.google.com/spreadsheets/d/1eL662fjYBEmzte5ucxkIIykYzE--9bgIXeEiDZhRAW8

Disclaimer: I am an amateur who has no idea what I am doing

[runam0k]

Damn, missed the drop. Didn't bother with a buy order because I didn't think it would go that low. 

[Ashitank]

Damn, missed the drop. Didn't bother with a buy order because I didn't think it would go that low. 

There still few cheap shares available I guess , CryptX has understood that without hashrate increase Peta share price will depreciate quite badly so he is upping the hashrate & I think price will shoot back-up as well.

[oma5]

Glad I kept my stink bid in place. Thanks for making your shares available at such low prices! 

[Puppet]

Puppet, do you consider this your greatest achievement?

Perhaps. Cant decide if its a bigger achievement than that time I correctly predicted the sun would rise in the morning, and only got the cardinal direction wrong.

The fact that puppet is now being quiet tells me his bids filled.  Despite his claims to the contrary.

Of course, at last you understand my evil plot. All it took was some fake math and deploying 40PH.  



Phase 1  complete, now I will single-handedly begin decreasing network hashrate and reek in my juicy cryptx dividends. Muhahaha

[nwfella]

Jesus H. Christ somebody stop doctor evil here!!

Nice to see a little price stability...relatively speaking of course.

[Puppet]

I may be newb, but I’m not an idiot. 12% network hashrate increase was what I meant by 12% increase/week.

 If all divs are stopped 262BTC next week (-75BTC hosting and no network increase by then).
177BTC the week after (25% network increase)
177BTC the week after that (network increase will happen that day (11th July))
= Loan paid off by 11th July and then there would be BTC collected for re-investment again.  I’ll have to trust you on the producers 1/10th price to self, but cryptx has managed good prices / produced their own boards in the past, but it does look like an uphill struggle. It’s also looking very worrying for a de-centalised network to be cornered by a handfull of chip producers do you not think?

I understand cryptx is maintaining radio silence and I understand why, but it would be very useful to hear their plans for the next few weeks.

I apologize, I did get it wrong, I entered +12% in my spreadsheet, but it applied it retroactively to last month when I made it.

That said, your numbers dont quite add up either. At todays difficulty, which has been in effect since the end of last dividend,  1150TH will yield ~300 BTC per week, minus 73 hosting is ~227 BTC for this friday. Next difficulty is projected to be 17B which would result in ~238-73=~166 BTC. Okay probably a little more next week, since a few days will be mined with todays difficulty, but the week after that it will be in full effect, and difficulty might have gotten another increase.

Regardless, paying off the loan faster doesnt change the problem. If I gave you personally 100BTC to invest, would you really want to spend it  on overpriced mining hardware that is hosted with exuberant fees, and will only pay out a fraction of its mining revenue? If not, then its better to collect full dividends and put them in a cold wallet or invest it in something that actually makes sense (if there is such a thing). Reinvestments only make a bad situation worse. Its repeating the same mistake over and over.

[fonsie]

Cryptx will probably try to do an other IPO with the slogan "To take this project to the next level"... when the IPO fails they'll come up with something like "Because the lack of support we will continue mining with current hardware" until not a single bitcoin is found, well until less then 74 BTC are found. And this will be it.

[Ashitank]

Cryptx will probably try to do an other IPO with the slogan "To take this project to the next level"... when the IPO fails they'll come up with something like "Because the lack of support we will continue mining with current hardware" until not a single bitcoin is found, well until less then 74 BTC are found. And this will be it.

Thank god CryptX is running the show here & not you , guess how bad that will work out with your way of thinking.

[NotLambchop]

^I'm guessing the process will be much more democratic, in line with the "what to reinvest" vote.
It'll go something like this:

Sirs!  We're no better at this crazy mining stuff than you are, and you prob'ly know more about mathematical modeling and PETA's finances than we do.  That's why we're handing the reins over to YOU, our august investors.  Your money safely in our hands, please vote--wat do?
We offer you some handy options

1)  Please reinvest 60% and give me the rest.  60% seems plenty.

2)  P2P pool and reinvest 30% into windmills.  You guys are big on windmills...  or is that Holland?  Please spend the rest on garden gnomes and/or lawn jockeys.  Those weird shiny orbs are cool too, what are they called?

3)  44-40.  My kid tells me it don't add up to 100, but if it's good 'nuf 4 my Winchester, it's good 'nuf 4 me.

[fonsie]

Cryptx will probably try to do an other IPO with the slogan "To take this project to the next level"... when the IPO fails they'll come up with something like "Because the lack of support we will continue mining with current hardware" until not a single bitcoin is found, well until less then 74 BTC are found. And this will be it.

Thank god CryptX is running the show here & not you , guess how bad that will work out with your way of thinking.

I wouldn't be too sure about that.

[Aireun]

To all those who have sold their shares well below the initial IPO price, and to those who are selling anywhere near the initial IPO price:



You are all being very weak minded, numbers and calculations are great, but you are forgetting many variables of outcome. I feel sorry for all those who have sold where they have yesterday and are selling at today. However, you have made many people happy. Hopefully the karma comes back on you all lol. As for people "who we shall not name" continue to spread FUD and harm this project for personal gain I question you all, did you have fun yet? (Rhetorical question, don't bother to answer.) In any case, stop being weak people, is this really all it takes to break the 'trust' in this project?


Be stronger than that. Things are no where near detrimental yet.