crino
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July 04, 2014, 03:19:32 PM |
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Bye bye loser. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F1FWcxj3.jpg&t=665&c=9LhrBaTUr3A0jA)
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NotLambchop
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July 04, 2014, 03:30:50 PM |
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^So wait--he was kind enough to tell you *exactly* what was going to happen, you ignored him, it happened, and now, instead of apologizing and admitting to your mistake, you ...put him on ignore? Are you sure you wish to continue losing money?
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crino
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July 04, 2014, 03:38:51 PM |
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^So wait--he was kind enough to tell you *exactly* what was going to happen, you ignored him, it happened, and now, instead of apologizing and admitting to your mistake, you ...put him on ignore? Are you sure you wish to continue losing money?
I follow this forum to know what is happening, not for someone to laugh at those who have invested in this project. I do not think I will lose money by ignoring his ROFL's.
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fonsie
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July 04, 2014, 03:42:22 PM |
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^So wait--he was kind enough to tell you *exactly* what was going to happen, you ignored him, it happened, and now, instead of apologizing and admitting to your mistake, you ...put him on ignore? Are you sure you wish to continue losing money?
I follow this forum to know what is happening, not for someone to laugh at those who have invested in this project. I do not think I will lose money by ignoring his ROFL's. I think you should buy some more PETA shares...
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I decided to no longer use a signature, because people were trolling me about it.
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crino
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July 04, 2014, 03:43:58 PM |
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^So wait--he was kind enough to tell you *exactly* what was going to happen, you ignored him, it happened, and now, instead of apologizing and admitting to your mistake, you ...put him on ignore? Are you sure you wish to continue losing money?
I follow this forum to know what is happening, not for someone to laugh at those who have invested in this project. I do not think I will lose money by ignoring his ROFL's. I think you should buy some more PETA shares... Hey broker! Thanks for your advice...
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NotLambchop
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July 04, 2014, 03:54:19 PM |
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^So wait--he was kind enough to tell you *exactly* what was going to happen, you ignored him, it happened, and now, instead of apologizing and admitting to your mistake, you ...put him on ignore? Are you sure you wish to continue losing money?
I follow this forum to know what is happening, not for someone to laugh at those who have invested in this project. I do not think I will lose money by ignoring his ROFL's. If you knew what is happening, you wouldn't be invested in this bag of dicks. You are, ergo you don't. Perhaps consider listening to those who do? Just a thought.
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nwfella
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Well hello there!
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July 04, 2014, 04:15:48 PM |
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Dividends received. 23.5% drop from dividend just 7 days ago!!
Outlook: Grim and getting worse
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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Aireun
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Perpetual optimism is a force multiplier.
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July 04, 2014, 04:31:32 PM |
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Well, time will only tell. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Opinions vary of course. Mining bitcoin is by far one of the hardest investments out there, however mining has ' potential' to by very profitable, especially on the 'trust' that bitcoin will rise in value at some point. Smart investing + day trading of coins and shares while receiving dividends (despite how much in gain from them) will add to what you can utilize more buying and selling for positive returns on the market. There are not to many investments out there that give weekly dividends, especially at this size, and almost non-existent on the stock market. If "MASSIVE" consistent gain was possible to achieve just by relying on dividends we would all be rich. However, like all mining (and investments in general) there are ups and downs in volatility. Your investment in PETA (currently) is the 'trust' that at some point big plans by PETA will rocket the share price and dividend weekly payout (temporarily) as it has many times, then dwindle until reinvestments are made creating a rinse and repeat. This is all part of the investment game. Make your moves wisely with good timing. Do I think PETA is going anywhere? Nope, their a fantastic company making good progress and smart moves in this incredibly difficult game of mining bitcoin.
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hephaist0s
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July 04, 2014, 04:36:30 PM |
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0.00109321BTC/unit dividend received; that's a 3.5% return for this week on the current share price of .031 BTC, or 182% annually if extrapolated out from this moment, all other variables disregarded.
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Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9
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NotLambchop
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July 04, 2014, 04:40:45 PM |
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Lol, the lower the share price, the higher the "yearly yield." @Aireun: Not a single Havelock offering is trading above the issue price, not even when you add all the dividends paid to date ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Choosing wisely=choosing not to invest. Prices updated to 6/30/2014. Chart in the first post left unedited for ref. In the span of five days, prices fell on all but 2 offerings. One delisting(KCIM). One failed IPO (PROV). Two (MS and SMG) remained ~unchanged. If you see any errors, please PM/post. Thanks. ~Happy investing All the goodness of Why Do You Invest?, now in a convenient table format. This bespoke quality table was laboriously handcrafted by earnest local artisans, using only the finest traditional forum markup to bring you authentic, naturally aged vintage data (circa 6/25/2014 6/30/2014). If you spot any errors, please PM. Feel free to post HERE if you crave a intilectual discussing.
* Multiple numbers in this column correspond to multiple IPO trenches--first tranche, second tranche etc., etc.
** "Dividends paid" is the sum total of all dividends paid to date (6/25/2014 6/30/2014).
*** "Profit" is calculated using this formula: ((highest bid)+(Dividends paid)-(Issue price)) / (Issue price) * 100. This number represents not calculated due to laziness and the inevitable bickering that's sure to ensue about the meaning of "profit."
Suffice it to say none of the securities listed could be called profitable with a straight face. One, thanks for the PM.
[1] In the case of ASICMINER, issue price represents the price at the time of initial listing on Havelock, not the IPO price.
[2] This [three-part offering] is not an investment but a ((zero sum)-fee) game. The issuer is open and honest about this.Edit: corrected ROCKMINER
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Puppet
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July 04, 2014, 05:42:43 PM |
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not for someone to laugh at those who have invested in this project. I do not think I will lose money by ignoring his ROFL's.
Ive been telling you what would happen to peta since peta traded around 0.08. You already lost your money by ignoring me. And you will continue to lose what tiny bit there is still to be had in the bid book by ignoring simple logic and arithmetic.
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Puppet
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July 04, 2014, 05:50:42 PM Last edit: July 04, 2014, 06:01:38 PM by Puppet |
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or 182% annually if extrapolated out from this moment, all other variables disregarded.
You do realize mining revenue and dividends have nearly halved in exactly one month since all the loaned hashrate went online, right? Try extrapolating that "annually" and see what happens. If the math is too hard, take a ruler and hold it to your screen with this chart: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUHDWaKOl.png&t=665&c=yAJCabXPmAjM6w) (dont forget ~70BTC bottom which is the point where your divs hit zero)
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nwfella
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Well hello there!
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July 04, 2014, 06:30:29 PM |
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Yup...seriously starting to doubt that the "loan" will ever get paid off at this point. CryptX has essentially become nothing more than an ASIC reseller selling used ASIC hardware that will never ROI, paying out ever diminishing weekly dividends, all the while raping shareholders on hosting/admin costs! It's a joke and sadly the joke has been on me all this time ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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MonkeyBear68
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July 04, 2014, 06:45:12 PM |
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I think that trying to profit by mining in general is now a lost cause. CryptX has little to do with the fact that the model in general is one that currently guarantees losses. Let me explain as follows:
Whenever the "next" greatest mining chip is being planned, you have to pre-order months in advance. Your estimate of profits is based on getting the chips exactly in time and the network hashrate going up in set intervals. The problem is that there are always delays and hashrate (from existing chips still coming online) will be much higher when you get your chips. If you look at any mining projections the first few weeks are crucial to whether you break even, let alone make a profit. Once a set of chips are released then this immediately will cause a huge jump in hashrate when this new technology comes online.
Another thing that I find curious is the huge increase in hashrate a couple of weeks ago, followed by the current dip. I have no proof but I suspect that many manufacturers were "testing" the miners for a couple of weeks before sending them out. If you think about this it makes perfect sense as they now have taken the miners offline in order to ship them, thus the current lull in hashrate. Once customers receive their miners the hashrate will abruptly rise. The problem is that the BTC mined during testing should belong to the customers and this BTC is crucial to a customer being able to make a profit from the miners they purchased in good faith. They are essentially stealing from their customers by doing this. The problem is that they can justify this by saying that they need to test the equipment. I believe if a customer has pre-paid for any chips or mining equipment, then any BTC mined during testing should be the customers and taken off the price of the equipment.
Yet another issue is the perceived profitability of mining shares based on the annual yield. The problem is that hashrate is always going up, which in turn causes dividends to drop, which in turn causes share price to drop and this of course causes the annual yield to again go up. The problem is that the annual yield is now based on a LOWER share price! You are in reality simply paying yourself a dividend by eating away at your initial investment capital. The fact that the mining chips will never generate enough BTC to pay for themselves, let alone provide for profits, means that the current BTC mining model is a losing proposition for investors.
Even if you take the most advanced liquid cooled mining chips in an area with the lowest electricity cost you still could be in for failure. There simply is no guarantee that the equipment will pay for itself. Currently the BTC network is designed to produce 6 blocks per hour @ 25 BTC/Block. This means 3600 Bitcoins per day no matter how much mining equipment is directed towards this goal.
Do not base the current BTC mining situation on what happened in the past!! The easy mining days are over. If you want to profit from BTC simply invest in BTC and not the insane dog chasing its tail that mining has become!!
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nwfella
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Well hello there!
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July 04, 2014, 08:05:08 PM Last edit: July 04, 2014, 08:20:35 PM by nwfella |
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Updates July 4th, 2014 - Dear Unit Holders, Details about this week’s dividend payout: 238.20516505 BTC in total from mining and converted NMC’s - 84.71466520 BTC as dividend (0.00109321 BTC/share) - 84.71466520 BTC as payment for hardware (342.906956 BTC remaining) - 68.77583466 BTC as hosting fee As we are constantly monitoring the evolution and changes happening in the Bitcoin eco-system and accordingly need to adapt to these changes to maximize unit holders revenue we like to propose the following changes: · Convert the outstanding loan of 342.9 BTC to 4,650 PetaMine units (or 0.0735 BTC/unit) which brings the total outstanding units to 82,142. · Change the dividend payout to 100%. This gives the opportunity for everyone to choose their own reïnvestment level by purchasing additional units with their dividend. · Do a reverse split were each unit will be replaced by 14 shares, so 1 unit represents 1 GH/s of hashing power. · Pay dividends every day at 12:00 GMT. We are issuing a vote whether or not to switch to implement these changes. The vote will only be valid for current unit holders and held until Thursday, July 9 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will make the changes to the PetaMine. Click the link below to place your vote: https://www.surveymonkey.com/s/XNHGBBBTeam CryptX lmao...here we go. I'm pretty sure this will get voted through with a quickness! *edit: maybe not, just tried to cast my vote and it's a no go right now. 'Oops!' screen **re-edit: just tried again and appears as though it worked this time. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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Puppet
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July 04, 2014, 08:29:52 PM |
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lmao...here we go. I'm pretty sure this will get voted through with a quickness!
As it should. Its clear Cryptx is also worried its loan would never get paid back, which is why he is proposing converting the loan to shares.. But its a reasonable deal, valuing the shares well above market value and miles above NAV or expected revenue. Moreover, 100% dividend pay out will make it impossible for cryptx to squander what little could otherwise ever end up the reinvestment fund. This is a good deal, shareholders should take this opportunity with both hands, at least if they are dumb enough to keep their shares in the first place, because fundamentally this changes almost nothing.
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cryptoconomist
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July 04, 2014, 08:31:49 PM |
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lmao...here we go. I'm pretty sure this will get voted through with a quickness!
As it should. Its clear Cryptx is also worried its loan would never get paid back, which is why he is proposing converting the loan to shares.. But its a reasonable deal, valuing the shares well above market value and miles above NAV or expected revenue. Moreover, 100% dividend pay out will make it impossible for cryptx to squander what little could otherwise ever end up the reinvestment fund. This is a good deal, shareholders should take this opportunity with both hands, at least if they are dumb enough to keep their shares in the first place, because fundamentally this changes almost nothing. what's the price compare to cex.io and where should it trade if the vote pass? Math teacher/prophet
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MPalokaj
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July 04, 2014, 09:15:18 PM |
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lmao...here we go. I'm pretty sure this will get voted through with a quickness!
As it should. Its clear Cryptx is also worried its loan would never get paid back, which is why he is proposing converting the loan to shares.. But its a reasonable deal, valuing the shares well above market value and miles above NAV or expected revenue. Moreover, 100% dividend pay out will make it impossible for cryptx to squander what little could otherwise ever end up the reinvestment fund. This is a good deal, shareholders should take this opportunity with both hands, at least if they are dumb enough to keep their shares in the first place, because fundamentally this changes almost nothing. what's the price compare to cex.io and where should it trade if the vote pass? Math teacher/prophet Cex price is about 0.007 per Ghs. That puts the shares at 0.007*14= 0.098 per share. Personally I think cex is overvalued so the price will be a bit lower. All in all I feel bad for the panic sellers. Off to buy some more units before the decision. Happy hunting.
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_biO_
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July 04, 2014, 09:27:13 PM |
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Correct me if I'm wrong:
1GH/s on cex.io trades for 0.0069 BTC right now. They charge ~$0.25 per GH/s and month for maintenance
1GH/s on Havelock/PETA trades for 0.0022 BTC (assuming 14GH/s per share). PETA charged 0.0000591681 BTC per GH/s for one week of maintenance. Assuming a bitcoin price of $600 this comes down to ~$0.14 per GH/s and month.
So PETA gigahashes are more than three times cheaper than cex.io gigahashes right now?
And we might have that whole P2Pool thing going for us soon? This could draw a lot of attention and maybe even warrant a new PO soonish?
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This signature refers to itself.
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NotLambchop
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July 04, 2014, 09:36:51 PM |
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... a new PO soonish?
I like that. Newpio. Someone should register an .io domain name!
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