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

[Slartibartfast from M.]

What are CryptX's plans for future pool growth? Or is the pool going to stay at 1.150 TH/s forever from now on?

[Korbman]

What are CryptX's plans for future pool growth? Or is the pool going to stay at 1.150 TH/s forever from now on?

Given reinvestment has been halted, there are no known plans for growth.

For a fund of this size, Cryptx may have had the capital, contacts, and space for growth, but their management and communication skills are...embarrassing...to say the least.

[Anotheranonlol]

Who is the retard running this bot    'fess up

Pusher : Event recd : {"event":"order_add","data":{"oid":"4835769","dt":"2014-07-22 09:11:20","symbol":"PETA","price":"0.00297245","order_type":"ask","quantity":"1612"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_remove","data":{"oid":"4835768","symbol":"PETA"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_add","data":{"oid":"4835771","dt":"2014-07-22 09:11:28","symbol":"PETA","price":"0.00297244","order_type":"ask","quantity":"181"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_remove","data":{"oid":"4835769","symbol":"PETA"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_add","data":{"oid":"4835774","dt":"2014-07-22 09:11:35","symbol":"PETA","price":"0.00297243","order_type":"ask","quantity":"1612"},"channel":"orderbook-PETA"

Looks to be losing more money than it's making over the past days

[stompysteve]

Who is the retard running this bot    'fess up

Pusher : Event recd : {"event":"order_add","data":{"oid":"4835769","dt":"2014-07-22 09:11:20","symbol":"PETA","price":"0.00297245","order_type":"ask","quantity":"1612"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_remove","data":{"oid":"4835768","symbol":"PETA"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_add","data":{"oid":"4835771","dt":"2014-07-22 09:11:28","symbol":"PETA","price":"0.00297244","order_type":"ask","quantity":"181"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_remove","data":{"oid":"4835769","symbol":"PETA"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_add","data":{"oid":"4835774","dt":"2014-07-22 09:11:35","symbol":"PETA","price":"0.00297243","order_type":"ask","quantity":"1612"},"channel":"orderbook-PETA"

Looks to be losing more money than it's making over the past days

its annoying to watch lol especially the fact the no one even puts an ask in front of it and it just pops up over and over again

[DjPxH]

Who is the retard running this bot    'fess up

Pusher : Event recd : {"event":"order_add","data":{"oid":"4835769","dt":"2014-07-22 09:11:20","symbol":"PETA","price":"0.00297245","order_type":"ask","quantity":"1612"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_remove","data":{"oid":"4835768","symbol":"PETA"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_add","data":{"oid":"4835771","dt":"2014-07-22 09:11:28","symbol":"PETA","price":"0.00297244","order_type":"ask","quantity":"181"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_remove","data":{"oid":"4835769","symbol":"PETA"},"channel":"orderbook-PETA"} wsp.js:26
Pusher : Event recd : {"event":"order_add","data":{"oid":"4835774","dt":"2014-07-22 09:11:35","symbol":"PETA","price":"0.00297243","order_type":"ask","quantity":"1612"},"channel":"orderbook-PETA"

Looks to be losing more money than it's making over the past days

its annoying to watch lol especially the fact the no one even puts an ask in front of it and it just pops up over and over again

Sometimes I've got the feeling that bots on Havelock basically developed their own little economy. Some bot puts up a bid, then the others go above it, and so on and so on... It's like a microcosm of economics. Weird economics.

[Aireun]

Havelock Needs to stop going offline... <ermm 

[JRBeagle]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

[dyask]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

[pedrog]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

Well, if you look to CEX.io GH/s price it is not...

[rdyoung]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

Who decided it was overvalued? You? Or someone else in this thread?

What any commodity is worth is what someone is willing to pay for it. At current usd/btc peta is worth about 2$/ghs. The only way you can beat that is by purchasing your own hardware, you can get an s3 for about 1$/ghs, but the caveat is that your responsible for everything, you cover electricity, if it stops working you have to troubleshoot and get it back up and running.

Take a close look at many commodity markets and you will see things getting bid up way past what a real evaluation of worth would put it at.

I agree thats its likely that peta will see a spike, how much I am not sure, but the news and attention it will generate if/when they finally point 100% at p2pool will most likely cause a mass movement into peta @ havelock. I would like to see them launch their own site for the trading of ghs this way they are not at the mercy of havelock when it goes down.

[rdyoung]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

Well, if you look to CEX.io GH/s price it is not...

Exactly, but cex is a whole other story. I have a feeling that the price is being propped up by the people behind cex. They have said that they release new ghs onto the market they do it in a way to not affect the price. They are making a shitton of money, they are run by bitfury so their cost for hardware is nothing compared to the market rate. if they are able to produce hardware at say 25c/ghs and they are selling it .0048 I think was the last price I saw, thats over 2.5$/GHS profit, an 800% markup.

[nwfella]

Dividends looking pretty damn pitiful these past couple of days :/

[_biO_]

It's called variance.

[dyask]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

Who decided it was overvalued? You? Or someone else in this thread?

What any commodity is worth is what someone is willing to pay for it. At current usd/btc peta is worth about 2$/ghs. The only way you can beat that is by purchasing your own hardware, you can get an s3 for about 1$/ghs, but the caveat is that your responsible for everything, you cover electricity, if it stops working you have to troubleshoot and get it back up and running.

Take a close look at many commodity markets and you will see things getting bid up way past what a real evaluation of worth would put it at.

I agree thats its likely that peta will see a spike, how much I am not sure, but the news and attention it will generate if/when they finally point 100% at p2pool will most likely cause a mass movement into peta @ havelock. I would like to see them launch their own site for the trading of ghs this way they are not at the mercy of havelock when it goes down.

Yes me, I decided it was overvalued.  Each person hast to make their own judgment call.  When you can't figure out a reasonable way for the dividends to pay back the investment before the end of life, it is overvalued in my book.  It doesn't matter what people are paying for it.   The market isn't always right and in fact it is often wrong over the short term.

In this case the computation is simple, when 5 PETA shares cost more than one B.Mine (Which pays the max possible dividend without fees) it is overvalued, assume B.Mine is correctly valued.  Undervalued is a harder call to make.   Overvalued or undervalued refer to the value of the share, not the price of the share.  In the case of PETA you are paying for everything in reduced dividends.  When the dividends go to zero, the value will be zero.  

https://bitcoinwisdom.com/bitcoin/calculator

Current 1 TH/s will run at least 2.8 BTC.   I had to set the power to $.23/kWh @ 1000 W, to get similar dividends, you can look at the output in days.  However there is always some fudging.   Still even at 5% difficulty increases you can't break even.    If the increases are around 10% average then the price shouldn't be more than .0013 to break even.    There is a lot of wiggle room, but I don't see how it can't be considered overvalued.  

B.Mine right now is right on par with PETA as I write this, but B.Mine is 100% virtual, no power/hosting bills.   With it you can break even if the difficulty goes up 13% on average.   Things are a little more complex with it because it has a defined endgame, but that only makes a small difference.  

When I made my overvalued statement, PETA was 3.1 BTC per TH/s and B.Mine was around 2.9 BTC per TH/s.

[dyask]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

Well, if you look to CEX.io GH/s price it is not...

Exactly, but cex is a whole other story. I have a feeling that the price is being propped up by the people behind cex. They have said that they release new ghs onto the market they do it in a way to not affect the price. They are making a shitton of money, they are run by bitfury so their cost for hardware is nothing compared to the market rate. if they are able to produce hardware at say 25c/ghs and they are selling it .0048 I think was the last price I saw, thats over 2.5$/GHS profit, an 800% markup.

Comparing one overvalued asset against another doesn't change the facts. 

[rdyoung]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

Well, if you look to CEX.io GH/s price it is not...

Exactly, but cex is a whole other story. I have a feeling that the price is being propped up by the people behind cex. They have said that they release new ghs onto the market they do it in a way to not affect the price. They are making a shitton of money, they are run by bitfury so their cost for hardware is nothing compared to the market rate. if they are able to produce hardware at say 25c/ghs and they are selling it .0048 I think was the last price I saw, thats over 2.5$/GHS profit, an 800% markup.

Comparing one overvalued asset against another doesn't change the facts.  

Bahhhh What???? How did I change the facts. If you look closely at almost everything I post I go straight down the middle laying out facts and trying to not sound like I fall on either side of the fence.

To sum up both of my posts in a way that might be easier to understand.

ALL valuations on any asset are whatever a person is willing to pay. If I am extremely thirsty and am willing to pay 5$ for a bottle of water, than at that moment in time that bottle of water is worth 5$ to ME. Peta in my opinion is not extremely overvalued, its sitting at maybe 25% over where it should be. In either case of peta of or cex, you will pay a premium over buying your own hardware. When your purchasing GHS in this scenario, (A perpetually paying asset) you are not purchasing the hardware, your asset is more abstract, if some of the hardware dies and gets replaced, your ghs still remains, if you purchased your own hardware and it goes down, your SOL.

[Aireun]

Another decent dividend. Difficulty in 2 days, I wonder how much of an impact it will have on the share price. Considering it's only going to be around a 9.22% increase. 

[JRBeagle]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

Well, if you look to CEX.io GH/s price it is not...

Exactly, but cex is a whole other story. I have a feeling that the price is being propped up by the people behind cex. They have said that they release new ghs onto the market they do it in a way to not affect the price. They are making a shitton of money, they are run by bitfury so their cost for hardware is nothing compared to the market rate. if they are able to produce hardware at say 25c/ghs and they are selling it .0048 I think was the last price I saw, thats over 2.5$/GHS profit, an 800% markup.

Comparing one overvalued asset against another doesn't change the facts.  

Bahhhh What? How did I change the facts. If you look closely at almost everything I post I go straight down the middle laying out facts and trying to not sound like I fall on either side of the fence.

To sum up both of my posts in a way that might be easier to understand.

ALL valuations on any asset are whatever a person is willing to pay. If I am extremely thirsty and am willing to pay 5$ for a bottle of water, than at that moment in time that bottle of water is worth 5$ to ME. Peta in my opinion is not extremely overvalued, its sitting at maybe 25% over where it should be. In either case of peta of or cex, you will pay a premium over buying your own hardware. When your purchasing GHS in this scenario, (A perpetually paying asset) you are not purchasing the hardware, your asset is more abstract, if some of the hardware dies and gets replaced, your ghs still remains, if you purchased your own hardware and it goes down, your SOL.

I would say its not overvalued at this point at all,it is unfortunate that many people bought when this was much higher but from the perspective of someone who has been in only for the past few weeks its been great;the value I see is the current value of the future cash(bitcoin) flows by means of the daily dividend.Yes the dividend will eventually go to zero but for the time being with all of these low difficulty increases the dividends are extremely valuable and with the potential of the P2P news or another hardware upgrade anything can happen.But like I said for the time being im just letting the dividends roll in(if and when the switch to P2P happens dividends will be ever sweeter)

[rdyoung]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

Well, if you look to CEX.io GH/s price it is not...

Exactly, but cex is a whole other story. I have a feeling that the price is being propped up by the people behind cex. They have said that they release new ghs onto the market they do it in a way to not affect the price. They are making a shitton of money, they are run by bitfury so their cost for hardware is nothing compared to the market rate. if they are able to produce hardware at say 25c/ghs and they are selling it .0048 I think was the last price I saw, thats over 2.5$/GHS profit, an 800% markup.

Comparing one overvalued asset against another doesn't change the facts.  

Bahhhh What? How did I change the facts. If you look closely at almost everything I post I go straight down the middle laying out facts and trying to not sound like I fall on either side of the fence.

To sum up both of my posts in a way that might be easier to understand.

ALL valuations on any asset are whatever a person is willing to pay. If I am extremely thirsty and am willing to pay 5$ for a bottle of water, than at that moment in time that bottle of water is worth 5$ to ME. Peta in my opinion is not extremely overvalued, its sitting at maybe 25% over where it should be. In either case of peta of or cex, you will pay a premium over buying your own hardware. When your purchasing GHS in this scenario, (A perpetually paying asset) you are not purchasing the hardware, your asset is more abstract, if some of the hardware dies and gets replaced, your ghs still remains, if you purchased your own hardware and it goes down, your SOL.

Yes the dividend will eventually go to zero

If this were to ever happen then the entire network would cease to function.

[Netwerked]

Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005

Why?  PETA is already extremely overvalued.

Well, if you look to CEX.io GH/s price it is not...

Exactly, but cex is a whole other story. I have a feeling that the price is being propped up by the people behind cex. They have said that they release new ghs onto the market they do it in a way to not affect the price. They are making a shitton of money, they are run by bitfury so their cost for hardware is nothing compared to the market rate. if they are able to produce hardware at say 25c/ghs and they are selling it .0048 I think was the last price I saw, thats over 2.5$/GHS profit, an 800% markup.

Comparing one overvalued asset against another doesn't change the facts. 

Bahhhh What? How did I change the facts. If you look closely at almost everything I post I go straight down the middle laying out facts and trying to not sound like I fall on either side of the fence.

To sum up both of my posts in a way that might be easier to understand.

ALL valuations on any asset are whatever a person is willing to pay. If I am extremely thirsty and am willing to pay 5$ for a bottle of water, than at that moment in time that bottle of water is worth 5$ to ME. Peta in my opinion is not extremely overvalued, its sitting at maybe 25% over where it should be. In either case of peta of or cex, you will pay a premium over buying your own hardware. When your purchasing GHS in this scenario, (A perpetually paying asset) you are not purchasing the hardware, your asset is more abstract, if some of the hardware dies and gets replaced, your ghs still remains, if you purchased your own hardware and it goes down, your SOL.

Yes the dividend will eventually go to zero

If this were to ever happen then the entire network would cease to function.

I strongly disagree.  PETA has fixed costs such as electricity and data center rental.  At some point, the total mining income will be less than the fixed costs, and the dividend will eventually be zero.  At that point, the share price will be worth almost zero.  The Bitcoin network will continue to function with newer, faster, and more efficient ASICs.

I owned some PETA shares.  My assumption was a 14% difficulty increase every 14 days.  With that scenario, the current share price is higher than the sum of all future dividends.  It looks like we're only jumping 9% in 2 days, so maybe I was overly pessimistic.  In any case, don't think that PETA is a perpetually paying asset.  I would think sometime next summer the dividends will end.