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

[EdoBcn]

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.

Also their own HIF is a big failure. Looks like anything on Havelock will end up sucking big time. Such a shame.

[kulegutten]

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.

Also their own HIF is a big failure. Looks like anything on Havelock will end up sucking big time. Such a shame.

Some projects certainly seem to suck big time, at least if bought at IPO prices. However, it is worth daytrading shares of some of the projects as the value swings both up and down are quite large. Recently with PETA if you were lucky you could have grabbed shares in the low 0.02's and sold them in the high 0.03's or low 0.04's making a decent short-term profit.

[uglyfatbitch]

was all bitmine rigs delivered?

[jjdub7]

This does bring up something I've been thinking about.  At least PETA paid divs - can someone please tell me how 7th Continent, SeedFund (SF1), SMG, and especially CFIG are valued as anywhere near worth current holdings? 

I've watched the CFIG share price float from 0.10 to 0.035, and even at 0.035 BTC/share, that values the project at 11,210 BTC or about $7 million.  There's no way they're worth anything near that, as its taken them about a year now to try and get the exchange site up and running.  Sure, they claim to be catering to a niche middle market, but some side project by Coinbase etc would completely wipe out their business plan.  And the site has a 10 second load time every time - worse than Havelock during even its heaviest server loads.

PETA was by no means the bottom of the barrel, although it could not guarantee investors what it could.  It'll be interesting to see what happens in the markets when investors start realizing that the other "solid offerings" on Havelock aren't all that they're hyped up to be either.

[nwfella]

This does bring up something I've been thinking about.  At least PETA paid divs - can someone please tell me how 7th Continent, SeedFund (SF1), SMG, and especially CFIG are valued as anywhere near worth current holdings? 

I've watched the CFIG share price float from 0.10 to 0.035, and even at 0.035 BTC/share, that values the project at 11,210 BTC or about $7 million.  There's no way they're worth anything near that, as its taken them about a year now to try and get the exchange site up and running.  Sure, they claim to be catering to a niche middle market, but some side project by Coinbase etc would completely wipe out their business plan.  And the site has a 10 second load time every time - worse than Havelock during even its heaviest server loads.

PETA was by no means the bottom of the barrel, although it could not guarantee investors what it could.  It'll be interesting to see what happens in the markets when investors start realizing that the other "solid offerings" on Havelock aren't all that they're hyped up to be either.

Beats the living crap outta me.  Lost satoshi's on several of the projects you mention myself.  As well as every single other stock I've invested in on Havelock.  Anyhoo, the dividends paid out by Cryptx thus far have helped somewhat but definitely doesn't take alotta the sting out when you actually finally get up the gumption to pull the trigger on sell order.  I did hold onto a few shares which is why I'll continue to watch this thread.  Boy, that was a rough one for me because I did so want to believe this project could not only succeed but flourish.  Ah well, no guts no glory right?

[Puppet]

There is a difference between mining turds and the other turds. The other turds should be obvious, they are simply bubble machines, investing in stuff that is already grossly overvalued. Its really Usagi's Nyan A/B/C/BIF/etc all over again. But you can not use simple math to prove they are turds and its theoretically even possible they pan out.

OTOH mining turds are both easier to see through if you use some simple math but at the same time, its less obvious to those not familiar with bitcoin mining dynamics. Clueless investors see high initial dividends and read about fortunes being earned by miners and think its gotta be a solid investment, when in reality its a mathematically near certainty they will lose.

Anyway, in other news


Washington-based MegaBigPower (MBP) is North America’s largest mining operation. The mine, which generates millions of dollars worth of bitcoin per month, began developing its franchisee network earlier this year. Now, the company is planning a broad expansion effort that could add as much as 50 PH/s in mining power per month to the network.




http://www.coindesk.com/megabigpower-launches-global-franchisee-network-add-50phs-per-month-bitcoin-network/


Good luck with that 2% goal.

[runam0k]

OTOH mining turds are both easier to see through if you use some simple math but at the same time, its less obvious to those not familiar with bitcoin mining dynamics. Clueless investors see high initial dividends and read about fortunes being earned by miners and think its gotta be a solid investment, when in reality its a mathematically near certainty they will lose.

On the flip side, people who invested on day 1 generally did very well.  I took BTC out and still have a few shares paying divs (granted, with hindsight, I could/should have sold them, but hey ho - Peta has come though a couple of times already (not the IPOs!) and I suspect they will again).  I feel bad for people that bought in late but I don't feel the need to rub it in on a daily basis the way you clearly do.

Good luck with that 2% goal.

Even if the difficulty jumps remain the same, Peta will last for several months without taking any action at all (which would go against the history of Peta to date).  Are you really going to stick at this for several months more?  Did you post the MegaBigPower story in every other mining stock thread?  Did you rush into the group buy threads and the mining hobbyists threads to trash those guys too?  Is the rest of the forum/internet really that dull?

Off topic but wow at the MegaBigPower pic. Where are they getting all their chips?

[Pentax]

This does bring up something I've been thinking about.  At least PETA paid divs - can someone please tell me how 7th Continent, SeedFund (SF1), SMG, and especially CFIG are valued as anywhere near worth current holdings? 

I've watched the CFIG share price float from 0.10 to 0.035, and even at 0.035 BTC/share, that values the project at 11,210 BTC or about $7 million.  There's no way they're worth anything near that, as its taken them about a year now to try and get the exchange site up and running.  Sure, they claim to be catering to a niche middle market, but some side project by Coinbase etc would completely wipe out their business plan.  And the site has a 10 second load time every time - worse than Havelock during even its heaviest server loads.

PETA was by no means the bottom of the barrel, although it could not guarantee investors what it could.  It'll be interesting to see what happens in the markets when investors start realizing that the other "solid offerings" on Havelock aren't all that they're hyped up to be either.

I've been wondering the same thing.  Obviously there is some element that is the actual value of the business, ie, what it is worth if sold today.  on another level stocks and everything else are worth what people are willing to pay for them.  in PETAs case I think people were buying with the expectation of these dividends
 
PETA paid divs.  PETA still pays divs.  these others pay little if anything and who knows what their actual value is.  At least PETA is a semi-known quantity with decent communication that has paid their investors with regularity over the course of several months.

[mikemikemike]

Well, lets not say I didn't try and warn you all.

On the plus side, anything below 0.03 is an absolute steal. Saw the market go below this the other day and seriously wondered how people could be so silly.

Still not buying, still not holding.

Hopefully CryptX will use the remaining shares and issue a better IPO, one that's more beneficial to investors.

Good luck.

[crino]

Well, lets not say I didn't try and warn you all.

On the plus side, anything below 0.03 is an absolute steal. Saw the market go below this the other day and seriously wondered how people could be so silly.

Still not buying, still not holding.

Hopefully CryptX will use the remaining shares and issue a better IPO, one that's more beneficial to investors.

Good luck.

Thanks Mike.

[EdoBcn]

Well, lets not say I didn't try and warn you all.

On the plus side, anything below 0.03 is an absolute steal. Saw the market go below this the other day and seriously wondered how people could be so silly.

Still not buying, still not holding.

Hopefully CryptX will use the remaining shares and issue a better IPO, one that's more beneficial to investors.

Good luck.

we missed you.

Thanks

[Puppet]

183 BTC in the wallet with a little over a day to go.

https://blockchain.info/charts/balance?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

If you're lucky its going to be (~230 - 73) / 2 =~77 BTC in dividends or ~0.001 per share.  Exactly half of what it was only a month ago and on track to never pay back the loan.

[NotLambchop]

...(~230 - 73) / 2 =~77 BTC ...

What are these arcane glyphs and esoteric symbols?  Back to plying your filthy satanic magic, I see...

[cryptoconomist]

Puppet = Muppet

looks like the jump of 30% is not happening this time around

[rdyoung]

Puppet = Muppet

looks like the jump of 30% is not happening this time around

Yes, this has me intrigued. bitcoinwisdom is showing an average block time of 10.3 minutes and the estimated network hashrate has been falling slow and steady, we are down to around 111phs atm.

[_biO_]

I wonder if we are going to see the first diff. decrease since 01/2013. Probably wishful thinking with 10 days left.

[rdyoung]

I wonder if we are going to see the first diff. decrease since 01/2013. Probably wishful thinking with 10 days left.

The only scenario that makes sense to me is that some of the larger operations either temporarily turned off equipment or they are swapping out for more power efficient machinery. It would be nice to see a decrease, but as they are still 10+ days left, anything can happen.

[_biO_]

Maybe that last increase put the diff over the edge and a whole generation of mining hardware suddenly became unprofitable in a lot of regions around the world.

[pedrog]

There's nothing abnormal with the difficulty, check 9 months chart and you see the fluctuation.

[_biO_]

There's nothing abnormal with the difficulty, check 9 months chart and you see the fluctuation.

It's a direct and pretty significant reaction to the difficulty increase... a bit unusual in that regard, but the timing might just as well be a conincidence.