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

[rdyoung]

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.

Exactly, this pullback is much larger and longer than the others.

[rdyoung]

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.

That wouldn't surprise me at all. Considering that half the world is in summer now adding cooling to counteract the heat from the machines could have been a make or break for some people. I am running a few U2s as well some scrypt asics and even with the small amount hardware I can tell a difference in temp.

[Puppet]

Puppet = Muppet

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

No one ever said it would. Remember I used only 7% per week in my simulations. Even in the  very unlikely event the next difficulty would drop a little bit (Im willing to bet it wont), we are still way above the assumptions I used in my projections because of the previous 25% increase. Also keep in mind that an early big rise followed by a slower rise (or even a small drop) is far worse than a more constant rise.

[nwfella]

imho there is 0 probability that difficulty will be dropping anytime soon

[cryptoconomist]

Puppet = Muppet

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

No one ever said it would. Remember I used only 7% per week in my simulations. Even in the  very unlikely event the next difficulty would drop a little bit (Im willing to bet it wont), we are still way above the assumptions I used in my projections because of the previous 25% increase. Also keep in mind that an early big rise followed by a slower rise (or even a small drop) is far worse than a more constant rise.

Are you a prophet? you have no idea what Cryptx might do next so please keep your assumptions for yourself...

let's see where we are in 3 months for now stop posting in this thread

We all know what you think!

thanks

[_biO_]

Puppet = Muppet

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

No one ever said it would. Remember I used only 7% per week in my simulations. Even in the  very unlikely event the next difficulty would drop a little bit (Im willing to bet it wont), we are still way above the assumptions I used in my projections because of the previous 25% increase. Also keep in mind that an early big rise followed by a slower rise (or even a small drop) is far worse than a more constant rise.

Are you a prophet? you have no idea what Cryptx might do next so please keep your assumptions for yourself...

let's see where we are in 3 months for now stop posting in this thread

We all know what you think!

thanks

I think the only thing cryptx can do is to fully embrace P2Pool and do another, maybe final PO. This would add "securing the network" as a reason to buy PETA. But I don't see how they'd be able to justify a PO price in the range of the last one at this point, which limits the amount of additional hashrate they can buy (and advertise). They'd need an incredible deal on some new hardware and significantly lower hosting costs.

If we're very lucky difficulty increases level down a bit, at least temporarily, which would add a lot of value to PETA shares.

[Puppet]

Are you a prophet?

Around here, being able to do a long division gives you all the mystical powers of a prophet. So yeah, to you, I am indeed a prophet.

you have no idea what Cryptx might do next

You mean, there isnt a contract he is supposed to respect?
There isnt a satoshi in the reinvestment fund, there is a frigging big loan that is already acutely in danger of never getting paid back. Short of closing shop and running away there is nothing unexpected he could do unless  his name is santa claus..

[_biO_]

Are you a prophet?

Around here, being able to do a long division gives you all the mystical powers of a prophet. So yeah, to you, I am indeed a prophet.

you have no idea what Cryptx might do next

You mean, there isnt a contract he is supposed to respect?
There isnt a satoshi in the reinvestment fund, there is a frigging big loan that is already acutely in danger of never getting paid back. Short of closing shop and running away there is nothing unexpected he could do unless  his name is santa claus..

Ultimately PETA is a bet that difficulty increases will slow down and that the mine is able to remain profitable until that occurs. So your extrapolations, while mathematically correct, are more or less meaningless (at least to me).

[Puppet]

My simulations also assume a rapid deceleration of network growth.
But please, do show me the network assumptions that would warrant buying cryptx shares at current price.

Here is the thing: any difficulty growth scenario you would come up with to make cryptx look like even a remotely interesting investment, if applied to the latest asics to hit the market (antminer S3, asicminer, Neptune's, .) would make them unbelievably profitable, especially to anyone with access to fairly cheap electricity. As a logical consequence, your network growth scenario is going to underestimate reality by a huge amount, unless you can also come up with a reason why no one would keep buying and deploying those "unbelievably profitable" asic's.

[Puppet]

Also Cryptx might have a plan to sell some of our gear and buy some more profitable one

You mean sell hardware that was bought at >5BTC/TH, that the current share price values at ~2.2 BTC/TH  for just~0.7 BTC/TH as he has been trying?

Yeah, Im sure thats gonna turn things around.

you have no idea what tmw is made of so again keep your prophecies for yourself

I dont have a crystal ball, but I do have a brain that does give me a good idea of what is going to happen. If you have no clue what the future looks like, you shouldnt be investing in to anything.

because of you shares price went down to 0.02 last week and now its trading at 0.04

You give me far too much credit. If it was because of me, would you really want to buy any asset that can lose 75% of its its value overnight just because someone trolls?

Some people panic sold and lost money because of you

Funny how I predicted that people would accuse me of causing this once my predictions started panning out. So not only did you just prove I can indeed foresee the future, I even have the ability to alter it. And I wont shut up just because you ask me to. I know you're desperate to sell your shares at an outrageous good price, if you had listened to me earlier you would have been able to.

[cryptoconomist]

Also Cryptx might have a plan to sell some of our gear and buy some more profitable one

You mean sell hardware that was bought at >5BTC/TH, that the current share price values at ~2.2 BTC/TH  for just~0.7 BTC/TH as he has been trying?

Yeah, Im sure thats gonna turn things around.

you have no idea what tmw is made of so again keep your prophecies for yourself

I dont have a crystal ball, but I do have a brain that does give me a good idea of what is going to happen. If you have no clue what the future looks like, you shouldnt be investing in to anything.

because of you shares price went down to 0.02 last week and now its trading at 0.04

You give me far too much credit. If it was because of me, would you really want to buy any asset that can lose 75% of its its value overnight just because someone trolls?

Some people panic sold and lost money because of you

Funny how I predicted that people would accuse me of causing this once my predictions started panning out. So not only did you just prove I can indeed foresee the future, I even have the ability to alter it. And I wont shut up just because you ask me to. I know you're desperate to sell your shares at an outrageous good price, if you had listened to me earlier you would have been able to.

enough please

[millenium]

so enough is enough

+1

Please, you should stop to reply and quote his post, ignore him. I don't care what he think a and what he says, be cause I'm sure what he's doing is for personal interest, not for the community, top much effort for nothing.

[NotLambchop]

so enough is enough

+1

Please, you should stop to reply and quote his post, ignore him. I don't care what he think a and what he says, be cause I'm sure what he's doing is for personal interest, not for the community, top much effort for nothing.

So that's how you people manage to stay so poor...

Are you a prophet?

Around here, being able to do a long division gives you all the mystical powers of a prophet. So yeah, to you, I am indeed a prophet.
...

[Puppet]

I would have an interest if anyone had been willing to lend me their shares for a 20% bonus in dividends.

NO one is willing though, from which you should conclude that no one here really believes peta has long term value, and everyone is just playing a game of hot potato, hoping for an opportunity to sell these shares to a bigger fool.

Its the same game as on cex.io with that difference than on cex.io there seem to be plenty of fools actually buying the overpriced junk so even though your odds are worse than on any gambling site, at least you have a chance to profit.

[crino]

https://blockchain.info/tx/4ba819d597009ba17ef18e283b7cb0964a6d98b99e6c346bf6af6bcfdf628d62

is this the hosting fee or dividends?

[Anotheranonlol]

https://blockchain.info/tx/4ba819d597009ba17ef18e283b7cb0964a6d98b99e6c346bf6af6bcfdf628d62

is this the hosting fee?

Hosting fee should be below 70BTC based on past 7 day BTC/USD uptick.
less based on actual reported efficiency of the hardware and rates quoted.

[crino]

so... bad dividends...

[Puppet]

ROFL who'd have thought..

Code:

2014-07-04	2014-07-04	0.00109321

At this rate, dividends will stop all together in about a month.

[crino]

ROFL who'd have thought..

Code:

2014-07-04	2014-07-04	0.00109321

At this rate, dividends will stop all together in about a month.

I laugh at you.

[Puppet]

Go ahead. I ROFL at all you bag holders.