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

[jaysabi]

you're welcome to your opinion, but that is not any information on future plans.  if you are satisfied with the info as it sits, that's fine.  I'm not.

you're out so I don't imagine you care.  for those still in this information is useful, as it would be for those looking to invest. 

Right, right. I don't mean to say they shouldn't answer to you guys. I'm out so I've washed my hands of the situation because I didn't like how things were shaping up. But from my perspective, I don't see what "future plans" you're alluding to. For PETA, the fact that they pegged units to 1gh/s and are distributing 100% of dividends now seems to suggest to me that there are no future plans to grow this fund. The situation now is you own shares that hash at 1gh/s, all revenue (less expenses) are distributed to shareholders, and that's the end of the story. I don't know what other information about the fund you could be looking for.

To my mind, the only question that seems to be outstanding is are the hosting costs being charged to unit owners reasonable, or are they needlessly sapping profit from shares?

[Pentax]

you're welcome to your opinion, but that is not any information on future plans.  if you are satisfied with the info as it sits, that's fine.  I'm not.

you're out so I don't imagine you care.  for those still in this information is useful, as it would be for those looking to invest. 

Right, right. I don't mean to say they shouldn't answer to you guys. I'm out so I've washed my hands of the situation because I didn't like how things were shaping up. But from my perspective, I don't see what "future plans" you're alluding to. For PETA, the fact that they pegged units to 1gh/s and are distributing 100% of dividends now seems to suggest to me that there are no future plans to grow this fund. The situation now is you own shares that hash at 1gh/s, all revenue (less expenses) are distributed to shareholders, and that's the end of the story. I don't know what other information about the fund you could be looking for.

To my mind, the only question that seems to be outstanding is are the hosting costs being charged to unit owners reasonable, or are they needlessly sapping profit from shares?

I don't know anything about any future plans.  What I'd like to know is what the business model looks like going forward forward, as far as PETA is concerned.

If it's this $/Gh model, Ok.  If there are other things in the works that would be good to know also.  Just looking for a concrete plan from PETA.

I don't blame anyone for jumping out.  This model,  if it sits as it is, is a slow decline to obsolescence.  There is an assumption on my part, which is admittedly nothing but a great big assumption based only on my own instincts as to what I'd be doing in that situation, that they may be looking for ways to change to adapt to the situation.  That may be the intention and it may not be.  What I'd like to know is what the plan is, if there is one.  If there isn't I'd like to know that too.

[NotLambchop]

...What I'd like to know is what the plan is, if there is one.  If there isn't I'd like to know that too.

Not sure I understand what you're suggesting.  Now that the overwhelming majority has voted for fixed hashrate and 100% dividends, what is there to add?   Are you expecting cryptx to sweeten the deal somehow?  If there is any sweetener to be had, why would he add it to this project as opposed to a new offering? 

[Pentax]

...What I'd like to know is what the plan is, if there is one.  If there isn't I'd like to know that too.

Not sure I understand what you're suggesting.  Now that the overwhelming majority has voted for fixed hashrate and 100% dividends, what is there to add?   Are you expecting cryptx to sweeten the deal somehow?  If there is any sweetener to be had, why would he add it to this project as opposed to a new offering? 

I don't know, I'm not him so I am not per se suggesting anything.  I can only offer analysis on what I see as possible options.

If it were my business I'd be looking for methodologies to extend it and increase revenues.  without reinvestment and without some change to the business model PETA is a dead man walking.  That's all I'm saying, in addition to assuming he'd like to stay in business.

another offering may or may not be the best bet.  I don't have the financials in front of me, although if PETA is liquid, and is showing positive revenue, it has options from a business perspective that other businesses do not have. 

I think people see what's happened with this endless IPO model.  they lose their asses.  it's not realistic I think to just keep popping out IPO's and expecting people to blindly push in funding. 

In the case of PETA it has a history, is a somewhat established and arguably successful vehicle.  That's the one I'm concentrating on and looking to build up, if it's me, which it isn't.
 
so, I'm not suggesting anything, I'm speculating that he wants to stay in business and PETA is his strongest asset, which it would make sense to protect, unless he wants to get a real job.

and, of course, I'm asking for clarification from PETA as to what the plan is.

[pedrog]

I don't know, I'm not him so I am not per se suggesting anything.  I can only offer analysis on what I see as possible options.

If it were my business I'd be looking for methodologies to extend it and increase revenues.  without reinvestment and without some change to the business model PETA is a dead man walking.  That's all I'm saying, in addition to assuming he'd like to stay in business.

another offering may or may not be the best bet.  I don't have the financials in front of me, although if PETA is liquid, and is showing positive revenue, it has options from a business perspective that other businesses do not have. 

I think people see what's happened with this endless IPO model.  they lose their asses.  it's not realistic I think to just keep popping out IPO's and expecting people to blindly push in funding. 

In the case of PETA it has a history, is a somewhat established and arguably successful vehicle.  That's the one I'm concentrating on and looking to build up, if it's me, which it isn't.
 
so, I'm not suggesting anything, I'm speculating that he wants to stay in business and PETA is his strongest asset, which it would make sense to protect, unless he wants to get a real job.

and, of course, I'm asking for clarification from PETA as to what the plan is.

It's a discount cex.io, it doesn't get any better.

[Wayne_Chang]

So. In summary, we are mining until the profit less than hosting cost. It means we are gambling on hash rate increasing speed.

[pumawolf]

if cryptx wants to keep this project going, they need to introduce  an ipo  investors can speculate on, like  how cex had fhm and fhj. on the other hand  alot of investors have a sour taste in their mouths, i dont no if they can even get people to fall for same bs another time. also need to lower energy cost, something feels fishy about the electricity cost, i dont think this project was ever about the inverstors at all.

[dyask]

if cryptx wants to keep this project going, they need to introduce  an ipo  investors can speculate on, like  how cex had fhm and fhj. on the other hand  alot of investors have a sour taste in their mouths, i dont no if they can even get people to fall for same bs another time. also need to lower energy cost, something feels fishy about the electricity cost, i dont think this project was ever about the inverstors at all.

Seems like trading has been pretty active. 

[freedomno1]

if cryptx wants to keep this project going, they need to introduce  an ipo  investors can speculate on, like  how cex had fhm and fhj. on the other hand  alot of investors have a sour taste in their mouths, i dont no if they can even get people to fall for same bs another time. also need to lower energy cost, something feels fishy about the electricity cost, i dont think this project was ever about the inverstors at all.

Seems like trading has been pretty active.  

It helps that the liquidity of the shares went up due to the stock split
Anyways difficulty went up only 3.08%
Believe most mining chips are between Gens so there is a chance for a stronger return but with no reinvest it will fall again eventually.

[dyask]

if cryptx wants to keep this project going, they need to introduce  an ipo  investors can speculate on, like  how cex had fhm and fhj. on the other hand  alot of investors have a sour taste in their mouths, i dont no if they can even get people to fall for same bs another time. also need to lower energy cost, something feels fishy about the electricity cost, i dont think this project was ever about the inverstors at all.

Seems like trading has been pretty active.  

It helps that the liquidity of the shares went up due to the stock split
Anyways difficulty went up only 3.08%
Believe most mining chips are between Gens so there is a chance for a stronger return but with no reinvest it will fall again eventually.

I think it is a little overpriced right now.  We are probably headed for a more normal difficulty change.

[Swordsoffreedom]

I think it is a little overpriced right now.  We are probably headed for a more normal difficulty change.

That's probably right dyask I think that if it stabilizes it might interest some miners on the sidelines to get new equipment with a lower percentage prediction for ROI.

Something like B/E is only a month instead of 2 away instead maybe I'll get some new hardware.

[NotLambchop]

... a lot of people bought in at 0.095 / 0.0975 and the hashrate went from 500TH/s to ~1200TH/s. Once dividends resume, which according to cryptx will be next friday, there will be a correction.

Boy howdy!

[_biO_]

I didn't say what kind of correction!

[crino]

0.00002086 BTC/share today.

[nwfella]

0.00002086 BTC/share today.

lmao.  Talk about a harsh reality adjustment.  I've gone from thinking this asset would provide me with a decent weekly disposable income that just might grow a bit in value to a steady cheap cup of coffee everyday!  Whoo hoo!

Also agree difficulty will be ramping up here very soon.  Enjoy these paltry dividends while they last fellas.

[_biO_]

0.00002086 BTC/share today.

lmao.  Talk about a harsh reality adjustment.  I've gone from thinking this asset would provide me with a decent weekly disposable income that just might grow a bit in value to a steady cheap cup of coffee everyday!  Whoo hoo!

Also agree difficulty will be ramping up here very soon.  Enjoy these paltry dividends while they last fellas.

Don't forget that this is a daily dividend and you have 14 times the shares now.

[hephaist0s]

0.00002086 BTC/share today.

lmao.  Talk about a harsh reality adjustment.  I've gone from thinking this asset would provide me with a decent weekly disposable income that just might grow a bit in value to a steady cheap cup of coffee everyday!  Whoo hoo!

Also agree difficulty will be ramping up here very soon.  Enjoy these paltry dividends while they last fellas.

Don't forget that this is a daily dividend and you have 14 times the shares now.

In no sane universe is .7% per day a paltry return. You definitely do need a reality adjustment.

[tragor]

0.00002086 BTC/share today.

lmao.  Talk about a harsh reality adjustment.  I've gone from thinking this asset would provide me with a decent weekly disposable income that just might grow a bit in value to a steady cheap cup of coffee everyday!  Whoo hoo!

Also agree difficulty will be ramping up here very soon.  Enjoy these paltry dividends while they last fellas.

Don't forget that this is a daily dividend and you have 14 times the shares now.

In no sane universe is .7% per day a paltry return. You definitely do need a reality adjustment.

If the past 3 days are in any way indicative of the trend for the week, we have an average of 0.00001838 each day.
To compare it to the old system you just have to multiply by 7 (days) and 14 (new shares for single old share), you get 0.00180124BTC for this week.

Dividends for July 4th (at 50%) were 0.00109321. Move them to 100% and you get 0.00218642BTC.
That's 0.0006714BTC less than the week before (June 27th) if it were at 100% (0.00285782BTC).

Sure it's getting lower and lower, but I don't see anything different than what it was already doing before the split.
I'm not saying it's a good time to invest in it, but it's not worse than a month ago either. It's following the same trend.

[pumawolf]

b mines pays 2900  per ghs a day, peta pays   1800 per  day, what is that  like a 40 percent hosting cost.  excuses my ignorance i dont no too much about the energy side of this outfit, but would  or wouldnt it be cheaper to use regular type of eletricity ,rather than this spectacular solar power they got goin on.

[dyask]

b mines pays 2900  per ghs a day, peta pays   1800 per  day, what is that  like a 40 percent hosting cost.  excuses my ignorance i dont no too much about the energy side of this outfit, but would  or wouldnt it be cheaper to use regular type of eletricity ,rather than this spectacular solar power they got goin on.

B.MINE is vitural, there isn't any mining at all.   PETA is based on real mining.   These are two very different things.