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

[jonsi]

Yes, the hashrate charts and blockexplorers are the devil's work!

[jimmothy]

SP30 had the best stats since april? You're joking right? (wait no you're just trying to sell hardware)
The sp30 doesn't exist so how can it have the "best stats"?
July/august batch of sp30 sold for $12,000 each or $2/gh. Hell, even petamine currently at ~$1.5/gh puts the SP30 to shame.
Many argue that the bitmain S3 will likely not turn a profit so how can you possibly suggest that a more expensive machine shipping 3 months later has a chance?
Please stop trying to sell overpriced nonrefundable preorders to noobs.

Misinformation at its best again. I have an SP30 due this month thanks to the small March/July bundle that was offered back in March. I paid $15k for one SP10 and one SP30. I consider that I paid $10k for the SP30 which is 1.66$/GH. Not bad imo.

You really consider $1.66/gh a good deal? How is that possible when bitmain is offering $0.8/gh and shipping earlier?

In April the SP30 was 0.69$/GH (and 0.46W/GH) in case you forgot about my GB: https://bitcointalk.org/index.php?topic=575499.0 So yes SP30 had and still has the best stats for over 2 months now.

Are you forgetting that btc was ~$450 average in april? That means that everyone who preordered paid ~10 btc or $6,300 for 6TH. 11 Bitmain S3's are ~8 btc and shipping in 2 weeks vs 2 months.

Why was this "group buy" exclusive to the forum? Why did everyone who ordered from the website pay 3 times the price for the same batch?

If you were unlucky enough to preorder an august batch sp30 directly from the website in april you paid ~26 BTC for one ~6TH or $2.8/gh..

As for the S3 comparison I can only laugh at it. Comparing apples with oranges again like you usually do/like. The overpriced  preorder is due to deliver THIS month, not 3 months later. Stop with the misinforming posts.

How is it apples to oranges? They are two different machines that consume electricity and magically make bitcoins.

What's the difference other than the sp30 being more expensive and shipping later? (3 months for anyone who orders today for ~$0.9/gh)

[RoadStress]

You really consider $1.66/gh a good deal? How is that possible when bitmain is offering $0.8/gh and shipping earlier?

Yes I consider it a good deal since it was done in March.

Because NOBODY can predict the next bitcoin difficulty let alone the next 10+.

I consider it a good deal because you said it that nobody can predict the bitcoin difficulty so I tried to get the best of other stats like $/GH. As far as I know there wasn't a better offer back then and of course nobody knew what and when will cheaper miners release. It was the best decision at the moment. Looking back is easy to judge and especially if you aren't a miner like yourself.

Are you forgetting that btc was ~$450 average in april? That means that everyone who preordered paid ~10 btc or $6,300 for 6TH. 11 Bitmain S3's are ~8 btc and shipping in 2 weeks vs 2 months.

Because NOBODY can predict the next bitcoin difficulty let alone the next 10+.

The same way that nobody can predict the bitcoin difficulty we can't predict the exchange rate. Hoping/waiting for the exchange rate to increase seems too risky for me. I always make my decisions taking into consideration a fast increase in exchange rate, but also a stagnation for 6+ months.

As I previously said looking back and talking about past decisions is easy now. Doing it live is much harder. I invite you to start making money by either speculation or by mining and when you will have results come here and give advice and suggestions. Until then you are just a guy waiting for his non-existing AM dividends who just likes to chat about past other's people decisions, but who fails to put money where mouth is.

Why was this "group buy" exclusive to the forum? Why did everyone who ordered from the website pay 3 times the price for the same batch?

I think you need to ask SP-Tech this, not me.

If you were unlucky enough to preorder an august batch sp30 directly from the website in april you paid ~26 BTC for one ~6TH or $2.8/gh..

jimmothy's math: 26BTC*450$=~12000$/5400GH=2.8$/Gh <-- BIG MISINFORMATION, but actually it's 2.22$/Gh (for 5.4Th/s) and with the speed improve is down to 2$/Gh.

I will call you Liar Chemical Ali from now on because there is just too much misinformation in your posts! (http://www.youtube.com/watch?v=yfAeMtcURg0)

How is it apples to oranges? They are two different machines that consume electricity and magically make bitcoins.
What's the difference other than the sp30 being more expensive and shipping later? (3 months for anyone who orders today for ~$0.9/gh)

September is just 2 months away from July. Stop lying and deceiving readers!

[jimmothy]

You really consider $1.66/gh a good deal? How is that possible when bitmain is offering $0.8/gh and shipping earlier?

Yes I consider it a good deal since it was done in March.

Just like how the neptune was a good deal in November? Or like how the monarch was a great deal in August? Or hashfast? Or blackarrow? Or cointerra?

Because NOBODY can predict the next bitcoin difficulty let alone the next 10+.

I consider it a good deal because you said it that nobody can predict the bitcoin difficulty so I tried to get the best of other stats like $/GH. As far as I know there wasn't a better offer back then and of course nobody knew what and when will cheaper miners release. It was the best decision at the moment. Looking back is easy to judge and especially if you aren't a miner like yourself.

You chose to take the unnecessary risk of preordering hardware 5 months away. Historically there has never been a preorder which ended up cheaper than in stock hardware. Maybe this is your first time being suckered in to preorders, but please don't encourage noobs to make the same mistake.

Wouldn't you agree the best decision at the moment would have been to buy a few bitmain s1s? Just about all S1's ordered before april have reached a positive ROI in btc and barely depreciated in value.

The same way that nobody can predict the bitcoin difficulty we can't predict the exchange rate. Hoping/waiting for the exchange rate to increase seems too risky for me. I always make my decisions taking into consideration a fast increase in exchange rate, but also a stagnation for 6+ months.

So why gamble on the difficulty/exchange rate 6 months from now when you don't have to? If you expected a fast increase in exchange rate you should have just bought btc.

As I previously said looking back and talking about past decisions is easy now. Doing it live is much harder. I invite you to start making money by either speculation or by mining and when you will have results come here and give advice and suggestions.

I hate to brag but I am not at a loss from my investments at havelock. Yes AM has tanked but I have done fairly well speculating with the difficulty derivative.

Until then you are just a guy waiting for his non-existing AM dividends who just likes to chat about past other's people decisions, but who fails to put money where mouth is.

No you are trying to sell people BS and lies which I just don't buy. If the sp30 is such a great machine then spondoolies would have absolutely no problem selling it from stock like every Chinese manufacturer does.

If you were unlucky enough to preorder an august batch sp30 directly from the website in april you paid ~26 BTC for one ~6TH or $2.8/gh..

jimmothy's math: 26BTC*450$=~12000$/5400GH=2.8$/Gh <-- BIG MISINFORMATION, but actually it's 2.22$/Gh (for 5.4Th/s) and with the speed improve is down to 2$/Gh.

You know we are at $630/btc right?

If the sp30 is only 5400gh that would be $3/gh. That makes even the bfl monarchs look like a good deal.

[NotLambchop]

...I hate to brag   lie, but I am not at a loss from my investments at havelock...

FTFY

[naaktslak]

glad i sold all my shares 

[lascar]

So, if the latest vote passes, I'm guessing that this now means that there will be no future increases in total hashing power?  Does this mean that Peta is now equivalent to CEX in terms of operation? 

Does anyone know if CryptX is planning on adding any more capacity in future and creating new POs?  If so, I imagine that the price per GH & therefore per share will decrease accordingly.

This is certainly an interesting development which potentially changes the game significantly.

Previous updates suggest Cryptx is in the process of developing their own mining chips/gear. If that happens, this company will develop new dynamics making this investment a lot more attractive to shareholders:

1- Easier, faster and cheaper access to additional mining equipment = less reliant to third parties like Bitmine that have messed us about

2- More control and accurate forecasting over future profitability

3- Potential new revenue stream for Cryptx and shareholders on the back of mining gear sales (as a result of Cryptx becoming a manufacturer like KNC or BFL for instance)

[cryptoconomist]

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..

I told you already you are a Muppet and a false prophet

Enough is enough

keep you prophecies for yourself we all know the risk and math behind this project

thanks,

...
EDIT: be careful it's a commandment to kill a false prophet 

It's just me or cryptoconomist sounds like a religious fanatic?

I'm not the one preaching on this thread all day long...

I was just trying to make a point

i.e Puppet is a Muppet and should not be follow in blind faith

Now let see what happen in the next few days but I'm guessing we are going quickly back to 0.06/0.07

If you believe/listen to Muppet that was impossible and you should have sold at any level and not pick up some cheap shares at 0.02

[cryptoconomist]

So, if the latest vote passes, I'm guessing that this now means that there will be no future increases in total hashing power?  Does this mean that Peta is now equivalent to CEX in terms of operation? 

Does anyone know if CryptX is planning on adding any more capacity in future and creating new POs?  If so, I imagine that the price per GH & therefore per share will decrease accordingly.

This is certainly an interesting development which potentially changes the game significantly.

Previous updates suggest Cryptx is in the process of developing their own mining chips/gear. If that happens, this company will develop new dynamics making this investment a lot more attractive to shareholders:

1- Easier, faster and cheaper access to additional mining equipment = less reliant to third parties like Bitmine that have messed us about

2- More control and accurate forecasting over future profitability

3- Potential new revenue stream for Cryptx and shareholders on the back of mining gear sales (as a result of Cryptx becoming a manufacturer like KNC or BFL for instance)

As far as I understand Cryptx is not developing their own chips or gear.

However we did develop our own gear in the past...

I think you are miss informed

[NotLambchop]

...
I'm guessing we are going quickly back to 0.06/0.07
...

Quoted for future entertainment.

[cryptoconomist]

...
I'm guessing we are going quickly back to 0.06/0.07
...

Quoted for future entertainment.

why should it be much cheaper than cex.io

please explain it to me?

edit: "Guessing": To predict (a result or an event) without sufficient information. I'm not giving any financial advice! it just my view and might be very wrong

[NotLambchop]

... it just my view and might be very wrong

That's what makes it so entertaining.

[NotLambchop]

^You're not paying attention:

You guys are as predictable as labcoiners.  Any word from your master, good or bad--price spikes ...and deflates over the next day as reality seeps back in

Edit:  Brevity.

[nwfella]

So, if the latest vote passes, I'm guessing that this now means that there will be no future increases in total hashing power?  Does this mean that Peta is now equivalent to CEX in terms of operation? 

Does anyone know if CryptX is planning on adding any more capacity in future and creating new POs?  If so, I imagine that the price per GH & therefore per share will decrease accordingly.

This is certainly an interesting development which potentially changes the game significantly.

Bingo.  Only with slightly higher hosting/elec. fee's so I don't believe they will be quite as attractive as cex.io gh's in the long run unless cryptx also lowers hosting costs.  That being said, if the vote passes, I doubt we will ever see 0.0735 unless cryptx or one of the "private" investors pushes it that high themselves or somebody new with a whole heap o coin decides it's a good deal.

Also, don't forget, just because cryptx says loan will be listed at 0.0735 that doesn't mean it will necessarily stay there.  If bitcoin price increases I suspect he will lower the cost on some of those shares as well at some point.

[cryptoconomist]

^You're not paying attention:

You guys are as predictable as labcoiners.  Any word from your master, good or bad--price spikes ...and deflates over the next day as reality seeps back in

Edit:  Brevity.

all I'm saying is that it should trade around CEX.IO price.

please enlighten me if you disagree and explain me why it shouldn't

thanks,

[Puppet]

all I'm saying is that it should trade around CEX.IO price.

please enlighten me if you disagree and explain me why it shouldn't

thanks,

CEX.IO price is ridiculous if you only consider expected dividends, but its being played like a casino. The best possible illustration of "the greater fool theory". Wile your odds of winning are well below that of most bitcoin gambling sites, considering the demand, there is at least a reasonable chance of making of a profit, even though the share price is completely and utterly detached from future mining revenue expectations.

If you want to play that game on havelock with the total of the bid book often in low double digit numbers, you're nuts.

[cryptoconomist]

all I'm saying is that it should trade around CEX.IO price.

please enlighten me if you disagree and explain me why it shouldn't

thanks,

CEX.IO price is ridiculous if you only consider expected dividends, but its being played like a casino. The best possible illustration of "the greater fool theory". Wile your odds of winning are well below that of most bitcoin gambling sites, considering the demand, there is at least a reasonable chance of making of a profit, even though the share price is completely and utterly detached from future mining revenue expectations.

If you want to play that game on havelock with the total of the bid book often in low double digit numbers, you're nuts.

I would agree tha CEX.io is overpriced nerveless 0.06 is possible

time will tell

[jimmothy]

It won't be bumped up to cex.io prices because that would require a massive amount of idiots to move to havelock.

Clearly the cex.io idiots have not found havelock or else b.mine would be equally overvalued as cex.io.

If peta matches b.mine cost per gh then it would be worth 0.04/share. But peta has retarded hosting fees and other problems that will probably reduce the value further.

[jjdub7]

...
I'm guessing we are going quickly back to 0.06/0.07
...

Quoted for future entertainment.

Bumped for quicker immediate entertainment.

[pumawolf]

cex   is so much more liquid, it attracts all types of freaks,  day trading ones, short term, bad at math freaks,  they pay block to block, theres value in all that.  theres more strategy  and factors at cex.  even tho 70 is pretty dam high, cex still has a way better product than cryptx.