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

[Puppet]

I'm no-longer a shareholder.  My point is that Puppet bags securities to pick up shares and then sells when he shuts up.  

Wait, werent you a self proclaimed long term holder? Clearly you were not, just as I said, you were just trying to make me shut up, boost the price and get out before everyone else. Oh, and then try to paint me as having a hidden agenda. Hypocrite.

BTW, its hilarious if I post frequently people see that as proof of me shilling and beg me to shut up. When I got other stuff to do and basically all my points have already been proven, the same people see that as more proof I was shilling. Tough crowd. But if you think I hold a single satoshi in peta, you are delirious.

Here, some updated charts:

Still using the same 7% / Week growth - 3% week growth deceleration assumption:






0.008/BTC would seem like a reasonable price,  3x lower than the current market price.

BTW, if you think difficulty will grow substantially slower, buy all the antminers you can find and get rich.

[NotLambchop]

^Hi, doing this over coffee, so I could be off, but a couple of niggling corrections:

1.  I think you left off a zero on the price, should be .0008?

2.  The sum total of dividends per share is unlikely to start decreasing, as it does in your chart...

...if my assumption that Havelock has no mechanism for distributing negative dividends is correct.  It is, of course, far from certainty--Havelock's own charts suggest that it is, indeed, possible for shareholders to owe it money:

[runam0k]

What you, Puppet and fonsie fail/refuse to acknowledge is that Peta has come through 2 or 3 times now for its shareholders when the circumstances changed.  Mining is a tough business for sure - preorder delays, massive increases in network hashrate, etc - but it seems to me Peta has done a good job of looking after its shareholders.  Certainly better than most operations I've been watching.  That's why I held on to some shares.

Too bad they gave up posting here, but I can't blame them for that.

[Puppet]

^Hi, doing this over coffee, so I could be off, but a couple of niggling corrections:

1.  I think you left off a zero on the price, should be .0008?

Indeed. So many zero's its tough to keep track off.

2.  The sum total of dividends per share is unlikely to start decreasing, as it does in your chart...

Obviously, but at that point dividends are equal to or less than mining fees, from which point there wont be any dividends anymore and the remaining share value will approach zero. Some will argue the hardware still has resale value, but at that point, that will be peanuts. Moreover, shareholders do not own the hardware, they own the mining revenue minus fees. Ie, nothing at that point.

[fonsie]

What you, Puppet and fonsie fail/refuse to acknowledge is that Peta has come through 2 or 3 times now for its shareholders when the circumstances changed.  Mining is a tough business for sure - preorder delays, massive increases in network hashrate, etc - but it seems to me Peta has done a good job of looking after its shareholders.  Certainly better than most operations I've been watching.  That's why I held on to some shares.

Too bad they gave up posting here, but I can't blame them for that.

What you seem to ignore is the fact how they came through. 2 or 3 times they had to find new victims to save the old ones. This will stop eventually, people learn from their mistakes, some faster than others. It seems you are more of a slow learner.

[nwfella]

What you, Puppet and fonsie fail/refuse to acknowledge is that Peta has come through 2 or 3 times now for its shareholders when the circumstances changed.  Mining is a tough business for sure - preorder delays, massive increases in network hashrate, etc - but it seems to me Peta has done a good job of looking after its shareholders.  Certainly better than most operations I've been watching.  That's why I held on to some shares.

Too bad they gave up posting here, but I can't blame them for that.

Strongly disagree.  Please give 1 example where cryptx has "come through" for it's shareholders?

Do agree with the too bad they gave up posting here comment, but also disagree with can't blame them for that.  There's a really good reason they aren't posting here anymore imho.  proverbial cat's outta the bag you might say.

[Puppet]

What you seem to ignore is the fact how they came through. 2 or 3 times

If "coming through" still lets investors lose 2/3 of their investments in a matter of weeks, I dread to think what could happen when he no longer "comes through".

[tragor]

daily dividends are in: 0.00001724 BTC/unit

[Puppet]

* Puppet waits for someone dumb enough to multiply that by 365  

edit: it took one minute and thirty seconds ROFL
 

[hephaist0s]

0.00001724 BTC/unit, so at current share price of .0025 that's a return for today of .689%, or extrapolated out for this moment and disregarding other variables, a yearly return of 251%.

Only in this looney tunes thread can dividends double and it have no effect on share price.

[fonsie]

What you seem to ignore is the fact how they came through. 2 or 3 times

If "coming through" still lets investors lose 2/3 of their investments in a matter of weeks, I dread to think what could happen when he no longer "comes through".

Big question... by some stupid logic they should start earning money, but it will probably end at 0 BTC.

[fonsie]

* Puppet waits for someone dumb enough to multiply that by 365 

Oooh I know...

0.00001724 * 365 => 0,0062926 * (PETA COMPETENCE) => 0.0000000 BTC, give or take a 0

[nwfella]

Anybody else taken a look at their [Book Value] for petamine shares since the stock split?  I nearly shat myself when I saw it then quickly realized they are more than likely not accounting for 14:1 issuance.

[Puppet]

a yearly return of 251%.

Can you spot a trend since the loaned hardware came online?



Yeah, multiplying todays div by 365 makes as much sense as anyone who did it when peta mined nearly 100BTC / day.

[nwfella]

a yearly return of 251%.

Can you spot a trend since the loaned hardware came online?



Yeah, multiplying todays div by 365 makes as much sense as anyone who did it when peta mined nearly 100BTC / day.

True enough.  Will only get worse from here too. 

BTW, no mention from cryptx as to what the newly adjusted 0.075/share for loan payback will be repriced at nor am I seeing any 65100 share (14*4650) sell order anywhere on the books.

[fonsie]

* Puppet waits for someone dumb enough to multiply that by 365 

Oooh I know...

0.00001724 * 365 => 0,0062926 * (PETA COMPETENCE) => 0.0000000 BTC, give or take a 0

Is someone willing to donate his/her profit from PETA for my accurate calculation?

[Pentax]

whoever is running this has the motivation to keep it going as long as possible obviously.

at some point they'll have to start assembling their own stuff.  how well they can swing deals and what they could ultimately build, and it's overall effectiveness, are obviously huge unknowns'; although if I was running PETA and wanted to keep making monayz, exploring other options in terms of more effectively stimulating growth/revenue is where my attention would be at this point.

in that model they're saving cost,  expanding their hashpower at one would hope less than typical market cost, and  could also sell hardware, ie, if you can't beat em join em.  the hardware people are the only ones that seem to be making money.  build it, sell it, spit that back as dividends also, ie, stimulate share value in a meaningful way.

just going blindly forward with the current paradigm is clearly problematic.  diversification may be a possible path to explore if they want to keep the project moving forward.

[NotLambchop]

...diversification may be a possible path to explore if they want to keep the project moving forward.

...or just spawn new projects like SCRYPT.  The motivation here is not to keep a dying nag going at any cost, but to make money from boarding equines, equine stalls and accessories

[fonsie]

...diversification may be a possible path to explore if they want to keep the project moving forward.

...or just spawn new projects like SCRYPT.  The motivation here is not to keep a dying nag going at any cost, but to make money from boarding equines, equine stalls and accessories

Didn't those horses do the same as some of the PETA shareholders? Walk on rainbows?

[Pentax]

...diversification may be a possible path to explore if they want to keep the project moving forward.

...or just spawn new projects like SCRYPT.  The motivation here is not to keep a dying nag going at any cost, but to make money from boarding equines, equine stalls and accessories

they could do that, yes, but without changing the business model they're simply recycling the same idea.

in any business that only goes so far.  we only need to look at the value of Scrypt see how effective that would be.

and, yes, I know you knew that.....

I know that if I was sitting on a business that was looking for new solutions, I'd be looking for new solutions.  any business should always be looking for new opportunities/markets, or they're dead ducks.

In my business that means new markets, new products and product lines.  without being overly optimistic there is possibility for that for PETA also.

it has some strengths, which I could tick off, although the most important is that they have a revenue stream established that would allow for some of this.  If they sit, which I'm not assuming they are, that will dry up.

as part of a longer term strategy converting the debt to shares is a good move.  it clears the balance sheet, clearing the way for other options.

I'm not saying this is what they're doing,  or that was the purpose for this conversion, which may have simply been a hail mary to get themselves out from under a debt that could potentially have sunk them, but I'm not assuming they're doing nothing.  When you've got a business that makes money the last thing any sane person does is sit and watch it sink.