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

[currencydebt]

I've got a question. When ScryptX was announced, wasn't part of the excitement the statement that hosting costs for PETA were going to be reduced by 44% or something like that since they would be sharing the hosting burden? Did that ever actually happen, because I see only a couple BTCs being taken per week for ScyptX hosting and the Peta hosting fees hasn't really changed all that much.  My memory/understanding of the situation could serve me wrong or maybe there was a big drop in hosting costs for PETA, but I figured I would ask.

[Anonymousg64]

im pretty sure the drop is coming from people who are aware of the imminent BTC valuation boom, its happening consistently across all stocks on havelock.

i would not touch PETA until its at 0.001BTC/share, that puts 15GH at 10$, consistent with cost of GH in august, 1.5TH for 1000$

yes bitcoin is going to 10000$ if not more depending how the population of earth reacts this time around. (to the media boom that comes with value boom)

[nwfella]

I've got a question. When ScryptX was announced, wasn't part of the excitement the statement that hosting costs for PETA were going to be reduced by 44% or something like that since they would be sharing the hosting burden? Did that ever actually happen, because I see only a couple BTCs being taken per week for ScyptX hosting and the Peta hosting fees hasn't really changed all that much.  My memory/understanding of the situation could serve me wrong or maybe there was a big drop in hosting costs for PETA, but I figured I would ask.

It was a 50% reduction.  Initially cryptx was charging a whopping 0.50/kw/h if you can freaking believe that!!  Now the 0.50/kw/h is essentially split across the two assets.  This way your only getting screwed half as hard essentially...unless you also decide to invest in the scrypt fund that is :p

[EternalWingsofGod]

im pretty sure the drop is coming from people who are aware of the imminent BTC valuation boom, its happening consistently across all stocks on havelock.

i would not touch PETA until its at 0.001BTC/share, that puts 15GH at 10$, consistent with cost of GH in august, 1.5TH for 1000$

yes bitcoin is going to 10000$ if not more depending how the population of earth reacts this time around. (to the media boom that comes with value boom)

Perhaps its probally also partially related to how much they owe still in BTC
With the difficulty steadfastly rising the debt portion that needs to be paid off is still larger when the amount of BTC generated by the investment is decreasing.
Simply put not much for reinvestment yet.

[stompysteve]

http://www.reddit.com/r/Bitcoin/comments/29c590/bitfury_changes_for_p2pool/
Bitfury changes for mining on P2Pool.
1) Edit your /opt/bitfury/chainminer/jobconnect.cpp file, change line 16 to match your prefered P2Pool URL.
To set login and password, follow punins advice:
2) At your shell prompt, type the following command
echo -n username:password | base64 
3) Now copy and paste the string and replace the one after "Basic". (line 16)
4) Save the file and just write: 'make'
(you have to cd into /opt/bitfury/chainminer)
5) Do not forget to backup jobconnect.cpp
Restart your miner after making changes, remember that the proxy is ignored, so the web-interface pool settings can not be used.

[joele]

It actually might not be a bad buy.  It's getting close to the calculations we made

0.02 is a good price for 15Gh (25% avg diff), it can make a break even before September and profit after that.  

[nwfella]

It actually might not be a bad buy.  It's getting close to the calculations we made

0.02 is a good price for 15Gh (25% avg diff), it can make a break even before September and profit after that.  

Until the "loan" is paid back it's more like an effective 7.5GH

[ChefBorjan]

So... who knows something we don't? Lots of buying just now...

[Ashitank]

So... who knows something we don't? Lots of buying just now...

You know the same thing, do calculations

What made price jump from 0.02 to 0.04  , WTF is this ?

[cryptoconomist]

So... who knows something we don't? Lots of buying just now...

You know the same thing, do calculations

What made price jump from 0.02 to 0.04  , WTF is this ?

All the weak hands are gone...

[Puppet]

So... who knows something we don't?

More likely, who doesnt know what we know.

[jonsi]

Or maybe someone that exited at 0.08, made his investment back and with the profit has bought himself some free shares.

[kulegutten]

What Jonsi said seems quite likely. It is also possible that someone who bought in the range 0.02-0.025 decided to reap some profit by selling in the high 0.03's or low 0.04's. Could've been someone who bought in at 0.08, endured the drop, and bought back in at 0.02-0.025 to even out their loss.

Still, the sudden price rise is interesting...maybe there are some news coming soon?

[Vertikar]

Still, the sudden price rise is interesting...maybe there are some news coming soon?

Cex.io had a drop also and they've also made a slight recovery...

https://i.imgur.com/TjV7kkI.png

[NotLambchop]

Or maybe someone that exited at 0.08, made his investment back and with the profit has bought himself some free shares.

Welp, easy come, easy go

*Here's a network difficulty screencap, the child-safe version.  To see the lurid details you must be over 18 and sign a consent form.

[nwfella]

So... who knows something we don't? Lots of buying just now...

One person comes to mind immediately...the fella running this project. 

And more than likely all the big private investors that don't even frequent the forum.

lost most of the btc i invested in cryptx but held onto a few shares just in case.

[pumawolf]

it feels like projects like  these,scrypt, group buys.  are design to suk  coin out of the bitcoin community. just an secondary layer to the manufactures . dont think for one second the people runing these outfit  dont no what their doing, everything is goin according to plan for them. but i cant blame them for my failures , theres enough math  involve for me to make an educated choice.  just gotta give them an applause and say well played.

[nwfella]

it feels like projects like  these,scrypt, group buys.  are design to suk  coin out of the bitcoin community. just an secondary layer to the manufactures . dont think for one second the people runing these outfit  dont no what their doing, everything is goin according to plan for them. but i cant blame them for my failures , theres enough math  involve for me to make an educated choice.  just gotta give them an applause and say well played.

Pretty much.  I'm basically of the same opinion at this point...minus the applause part

[NotLambchop]

OK, which one of yous is Mr. 10/10?  Fess up

[naaktslak]

it feels like projects like  these,scrypt, group buys.  are design to suk  coin out of the bitcoin community. just an secondary layer to the manufactures . dont think for one second the people runing these outfit  dont no what their doing, everything is goin according to plan for them. but i cant blame them for my failures , theres enough math  involve for me to make an educated choice.  just gotta give them an applause and say well played.

All projects on Havelock and cryptostocks I 'invested' in I lost money. Most people do (I think) because long term all projects have been losing value. Better is to buy bitcoin/litecoin.