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

[Puppet]

Either way the price has rallied from what some people said was certainly the death of PETA,I feel like I need Dramamine

Funny rally. Price is    ฿0.001. -86% in three months. If thats a rally, I wonder what a crash looks like.

As for the delay in difficulty affecting dividends, of course there is significant variability too, but latest divs where 0.00000545. Thats a lot of zero's. It wont be long before havelock needs to add decimal places.

[nwfella]

Either way the price has rallied from what some people said was certainly the death of PETA,I feel like I need Dramamine

Funny rally. Price is    ฿0.001. -86% in three months. If thats a rally, I wonder what a crash looks like.

As for the delay in difficulty affecting dividends, of course there is significant variability too, but latest divs where 0.00000545. Thats a lot of zero's. It wont be long before havelock needs to add decimal places.

Ain't that what all this fancy "new math" craze is all about :p

Yeah, talk about a whopping dividend.  Looks like this puppy is going to be crashing alot faster than I anticipated. 

[Swordsoffreedom]

Well it's still connected to difficulty
And it looks at present that the difficulty increase will be roughly another 21%
https://bitcoinwisdom.com/bitcoin/difficulty

[nreal]

Im taking actions, contacting Finnish police because they misslead me to think they are going to use p2pool - got me investment in what turns out to be ghash bullshit and me loosing  all I invested in their false lays

It doesnt matter to me if some eqipment does underperform in p2pool - in p2pool its shares you get that counts. newer seen any harware that cant be used on p2pool. So im very angry with yhose fuggots that got me in - because telling that they use p2pool.

It cant be so difficult to edit sscantime and queue options if they got some people that can edit those options?
If i had a gun, i would use it.

[nwfella]

Dear Investors,

We've been receiving quite a few questions regarding whether or not we will be investing in new hardware.  The answer is hell no!  That would require that we give a f!@#  We gave you people a choice and you made it now quit complainin and take these ever decreasing dividends and hold onto them for dear life.  Bitcoin ever hits the $10-12K mark you must might break even after all.  Now let's turn those frown's upside down people because we here at CryptX will continue to monitor the bitcoin mining 'situation' closely!


:p

[Swordsoffreedom]

Dear Investors,

We've been receiving quite a few questions regarding whether or not we will be investing in new hardware.  The answer is hell no!  That would require that we give a f!@#  We gave you people a choice and you made it now quit complainin and take these ever decreasing dividends and hold onto them for dear life.  Bitcoin ever hits the $10-12K mark you must might break even after all.  Now let's turn those frown's upside down people because we here at CryptX will continue to monitor the bitcoin mining 'situation' closely!

Sounds about right.
That PETA vote a while ago to not add gear to their arsenal meant that it would be an effective mining bond
Which means that it always loses values whenever difficulty rises.

[Puppet]

Sounds about right.
That PETA vote a while ago to not add gear to their arsenal meant that it would be an effective mining bond
Which means that it always loses values whenever difficulty rises.

Reinvesments, aka using mining revenue from unprofitable mining gear to buy more unprofitable mining gear didnt make it better, it made things (a lot) worse. 100% dividend payout (after exuberant fees) was definitely an improvement; at least investors got some ROI, instead of potentially ~zero @100% reinvestment.

As for opting out of p2pool. I guess I would feel duped too if I had voted for it, but switching to p2pool would have done nothing to long term ROI, if anything, the extreme variability might well have cost you dearly.

Ive been predicting whats happening now for many months. It should surprise no one. By and large, hash rate growth is continuing its 12 month trajectory and is almost exactly as predicted. I didnt and couldnt predict the loan being converted to shares and switching to 100% div payout, which makes the return considerably better than before, but I also couldnt and didnt predict the BTC value drop, which makes things worse than anticipated. Both effects combined pretty much cancel each other out, and my numbers where spot on. p2pool would have done nothing other than hugely increase variability.

[dexu]

They mining at ghash, not p2pool.

[RoadStress]

They mining at ghash, not p2pool.

But the shareholders voted for p2pool. It makes no sense to not listen to your shareholders, unless you are a filthy crook like cryptx. Have fun sinking.

[Puppet]

Divs are in. Enjoy you bagholders

Code:

2014-08-25	2014-08-25	0.00000221
2014-08-24	2014-08-24	0.00000421
2014-08-23	2014-08-23	0.00000545
2014-08-22	2014-08-22	0.00000948

[dexu]

Continuation of sales in progress ..

The question is buy cheap .. or blow off?

[KarmaShark]

Divs are in. Enjoy you bagholders

Code:

2014-08-25	2014-08-25	0.00000221
2014-08-24	2014-08-24	0.00000421
2014-08-23	2014-08-23	0.00000545
2014-08-22	2014-08-22	0.00000948

Reminds me of the Labcoin fallout near the end. This is painful to watch unfold, some of the investors are well on their way to 100% loss.

[Puppet]

Continuation of sales in progress ..

Its called a rally.
At least in this thread :p.

The question is buy cheap .. or blow off?

Define cheap.

Thing is, dividends are all but irrelevant at this point. It will amount to almost nothing from here to eternity. But cryptx still owns hardware thats worth something. Question is, will he hang on to it, lowering his fees if need be, until its worth virtually nothing or will he close this security and sell his mine in the next month or so? Buying at pretty much any price IMO is a bet that PETA mine will close fairly soon, and that he will manage to actually sell his hardware, which may be tougher than for most, considering his burnt reputation by sending broken hardware.

[dexu]

I wonder what they will do with our BTC after project closure ..

[stompysteve]

So are they really gonna just let it die?I would think they would be forced to do something soon or liquidate and pay out a one time big dividend

You seem to be under the impression that this is not going the way cryptx planned, and that the purpose of the project is not to extract the maximum amount of hosting fees.

This situation was already foreseen in the prospectus - see the section under dissolution.

However, it's pretty doubtful that there will be any value left in the assets at that point in time.

the prospectus is still pretty vague on whats going to happen

what do you think the hardware would be worth once they cant pay their power bill, thats alot of hardware to dump all at once
~1150 x used 1TH miners .6 BTC
0.00060000626 for the final div per share

share price right now = 1.20BTC/TH

getting closer to what the shares are worth if the hardware was sold right now

[Netwerked]

I wonder what they will do with our BTC after project closure ..

At project closure, the share price will be close to zero.  The mining equipment is no longer producing any dividends, and share price is strongly tied to the strength of dividends.

Share price will not be zero, because the company can still sell the mining equipment for a low price.  The company will probably give remaining shareholders a small one time dividend for the sale of the mining equipment.

After the final dividend, the share price will effectively be zero, since nobody would want to buy any more shares.

[fonsie]

Continuation of sales in progress ..

Its called a rally.
At least in this thread :p.

The question is buy cheap .. or blow off?

Define cheap.

Thing is, dividends are all but irrelevant at this point. It will amount to almost nothing from here to eternity. But cryptx still owns hardware thats worth something. Question is, will he hang on to it, lowering his fees if need be, until its worth virtually nothing or will he close this security and sell his mine in the next month or so? Buying at pretty much any price IMO is a bet that PETA mine will close fairly soon, and that he will manage to actually sell his hardware, which may be tougher than for most, considering his burnt reputation by sending broken hardware.

I think he will let people vote, to let the mine run, and that the remaining shareholders just have to send some BTC to cover the hosting fees... and by wonders unknown to mankind, 90% will vote in favor...

 

[nwfella]

Continuation of sales in progress ..

Its called a rally.
At least in this thread :p.

The question is buy cheap .. or blow off?

Define cheap.

Thing is, dividends are all but irrelevant at this point. It will amount to almost nothing from here to eternity. But cryptx still owns hardware thats worth something. Question is, will he hang on to it, lowering his fees if need be, until its worth virtually nothing or will he close this security and sell his mine in the next month or so? Buying at pretty much any price IMO is a bet that PETA mine will close fairly soon, and that he will manage to actually sell his hardware, which may be tougher than for most, considering his burnt reputation by sending broken hardware.

I think he will let people vote, to let the mine run, and that the remaining shareholders just have to send some BTC to cover the hosting fees... and by wonders unknown to mankind, 90% will vote in favor...

 

lmao.  now that's funny.  Maybe if we only secure say 75% this time CryptX will actually follow through with shareholders wishes?!  Personally I seriously doubt CryptX will be doing anything anytime soon to the benefit of his shareholders.

[pumawolf]

wow, 3 dog shit divdends in a row, im pissed and i dont even have any shares. shits dying earlier than i thought. does any one have a rough estimate  on how much  cryptx   profited  thr peta.

[nwfella]

wow, 3 dog shit divdends in a row, im pissed and i dont even have any shares. shits dying earlier than i thought. does any one have a rough estimate  on how much  cryptx   profited  thr peta.

If I where to give a really rough estimate I think I would probably go with:

Well over a fuck-load and just under a shit-ton I'd say!