rdyoung
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August 30, 2014, 09:31:12 PM Last edit: August 30, 2014, 11:34:14 PM by rdyoung |
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Yes, so one would expect them to have an interest in reducing the running costs of the mine.
Lol? Of course he has -and always had- an interest in minimizing the actual running costs, which one can only guess. But the difference between that, and the $0.15/GH "hosting fee" is what butters his sandwich. And yes, within a month or two, he will drop those fees; otherwise dividends would end up being negative, prompting a sale of his farm and ending his hosting fee revenue. So most likely you will see him come up with some excuse as to why he can suddenly reduce the fees and keep paying a few dozen satoshi's in divs until there is barely any resale value in the hardware. So after losing their shirt, pants and socks, 'unit' holders lose their underwear too. Still looking good though. Annual Yield 584.66%. What a bargain ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Interesting how you left out the rest of my statement.
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troy112
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September 01, 2014, 07:53:58 PM |
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well the dividends are picking up, don't know how. But it's 1040 satoshi for two days, even though BTC price has fallen.
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Puppet
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September 02, 2014, 06:40:25 AM |
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well the dividends are picking up, don't know how.
If you really dont know how that is possible, should you be invested in a mining asset? Hint: its variability, and even at 1040 satosh's it was still a hair below where it should have been on average with the previous difficulty. It been (well) below expected average for a long time. With todays difficulty, expected average divs are 0.00001834 - 0.15 / $475 / 30= 0,00001053= 781 satoshi's. And by the end of next week at currently estimated difficulty (and assuming constant BTC rate), it will be 0.00001590 -- 0.15 / $475 / 30= 0,00001053= 537 satoshi's. Can you see a trend?
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jjdub7
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September 02, 2014, 09:07:30 AM |
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well the dividends are picking up, don't know how. But it's 1040 satoshi for two days, even though BTC price has fallen.
mining assets' output isn't directly correlated with the BTC price other than when the price falls so low that it forces those with the lowest efficiency to stop mining whether by outright difficulty increase or by power costs vs. variance.
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Puppet
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September 02, 2014, 09:24:09 AM |
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mining assets' output isn't directly correlated with the BTC price
No, but PETA dividends are; fees are fixed in dollar, and they represent over 50% of the mining revenue. If BTC exchange rate where to fall by 50%, dividends would hit zero.
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jjdub7
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September 02, 2014, 02:09:06 PM |
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mining assets' output isn't directly correlated with the BTC price
No, but PETA dividends are; fees are fixed in dollar, and they represent over 50% of the mining revenue. If BTC exchange rate where to fall by 50%, dividends would hit zero. Dividends will hit zero because PETA seems to be withholding and using fees as an excuse.
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crino
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September 02, 2014, 04:57:35 PM |
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Puppet
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September 02, 2014, 06:03:37 PM |
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Dont know, but some weird transactions going on on peta's adress: https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6At 2014-09-02 12:35:57 you see the 2 outgoing transactions for fees and (paltry) divs. Nothing weird there, but a few hours later, there is a sizable (21.25 BTC) incoming transaction from ghash.io. Most of which is spirited away to that 14cG address. Id keep an eye on that. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ftoonclips.com%2F600%2F2601.jpg&t=665&c=LfpBvn0KNtmsFA)
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skuser
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September 02, 2014, 06:07:05 PM |
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Hmm another fresh attempt to squeeze money from public, bitmains hashnest.com. They have little bit lower fees (about .09usd gh/s month) anyway the roi is nowhere, but they still managed to sell 300 THs in few hours...Seems people just need to mine somehow regardless of returns https://bitcointalk.org/index.php?topic=766448.0
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nwfella
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Well hello there!
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September 02, 2014, 08:07:08 PM |
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Yes, so one would expect them to have an interest in reducing the running costs of the mine.
Lol? Of course he has -and always had- an interest in minimizing the actual running costs, which one can only guess. But the difference between that, and the $0.15/GH "hosting fee" is what butters his sandwich. And yes, within a month or two, he will drop those fees; otherwise dividends would end up being negative, prompting a sale of his farm and ending his hosting fee revenue. So most likely you will see him come up with some excuse as to why he can suddenly reduce the fees and keep paying a few dozen satoshi's in divs until there is barely any resale value in the hardware. So after losing their shirt, pants and socks, 'unit' holders lose their underwear too. Still looking good though. Annual Yield 584.66%. What a bargain ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I completely agree with Puppet on the point of CryptX coming up with some "bonus for investors" or so it will seem the way he will try to phrase it as to why he's finally lowering his ridiculous hosting/management fee's. I suspect if he lowers his rates by 1/3rd it may just extend the life of the fund by another month possibly two but not much beyond that. And that's a best case scenario imho. I've finally dumped all of my shares of Peta and still feel bad for those still holding. CryptX ran quite a number on the bitcoin community with both this and his Scrypt asset.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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stompysteve
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September 02, 2014, 11:52:27 PM Last edit: July 27, 2017, 07:17:20 PM by stompysteve |
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Pls delete
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hephaist0s
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September 03, 2014, 01:39:13 AM |
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Yes, so one would expect them to have an interest in reducing the running costs of the mine.
Lol? Of course he has -and always had- an interest in minimizing the actual running costs, which one can only guess. But the difference between that, and the $0.15/GH "hosting fee" is what butters his sandwich. And yes, within a month or two, he will drop those fees; otherwise dividends would end up being negative, prompting a sale of his farm and ending his hosting fee revenue. So most likely you will see him come up with some excuse as to why he can suddenly reduce the fees and keep paying a few dozen satoshi's in divs until there is barely any resale value in the hardware. So after losing their shirt, pants and socks, 'unit' holders lose their underwear too. Still looking good though. Annual Yield 584.66%. What a bargain ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Trimonthly reality check: If you don't own any shares, then why do you post here all day every day for months on end?
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Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9
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Netwerked
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September 03, 2014, 03:55:56 AM |
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Trimonthly reality check: If you don't own any shares, then why do you post here all day every day for months on end?
It's equivalent to rubbernecking at an accident. You know you shouldn't slow down to look at the wreck, but curiosity gets the better of you.
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dyask
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September 03, 2014, 06:44:18 AM |
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Trimonthly reality check: If you don't own any shares, then why do you post here all day every day for months on end?
It's equivalent to rubbernecking at an accident. You know you shouldn't slow down to look at the wreck, but curiosity gets the better of you. Just move a small amount of bitcoin to HavelockInventments and buy a PETA or two. Then you wont have to rubberneck. In the worst case you won't lose much, but 1/2 a cup of coffee.
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Netwerked
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September 03, 2014, 03:37:06 PM |
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Trimonthly reality check: If you don't own any shares, then why do you post here all day every day for months on end?
It's equivalent to rubbernecking at an accident. You know you shouldn't slow down to look at the wreck, but curiosity gets the better of you. Just move a small amount of bitcoin to HavelockInventments and buy a PETA or two. Then you wont have to rubberneck. In the worst case you won't lose much, but 1/2 a cup of coffee. I'll assume that's your sense of humor ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Why would I knowingly want to give away money? I donate to charity, but that's for a good cause at least. I could take that money and gamble with it, and I would have a 49% chance of coming out ahead. I just don't see how buying any PETA shares would ever be profitable, unless day trading. Even with successful day trading, it doesn't seem like there would be much profit. The math didn't add up for me, and my scenarios were more optimistic than what has actually happened over the past couple of months. I do wish the best for the current share holders though. I think the best chance of making any money mining is via cloud mining, however, with difficulty rising an average of 16% every 2 weeks, that's even risky. I know the thought is that the difficulty increases will eventually level off, but how soon and for how long? It's a very competitive environment.
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Puppet
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September 03, 2014, 03:45:54 PM |
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I know the thought is that the difficulty increases will eventually level off, but how soon and for how long?
I posted the answer to that a year ago: https://bitcointalk.org/index.php?topic=295270.0Those large scale mining operations pay on the order of 5 cents per kwh. Note that we are around $700/TH retail for the hardware already, and that will keep dropping. No one took those estimates seriously when I posted them. The network was below 1PH back then.
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nwfella
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Well hello there!
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September 06, 2014, 03:42:27 AM |
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lmao...looks like somebody is making off with all the shareholders 'sprinkles' https://www.youtube.com/watch?v=o9Y69p1Lx48
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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nreal
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arcs-chain.com
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September 08, 2014, 06:39:05 AM Last edit: September 08, 2014, 07:39:22 AM by nreal |
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It was a really big scam from cryptx to ask about moving to p2pool. And its maybe the biggest lie in the market to tell shareholders that every single hardware they have is not compatible with p2pool. They could have splitted harvare to use 2 pools if they were honest with us. But no. They tell us lies about variance is something we want to avoid - variance has nothing to do with high or low income in case shareholder does live longer than few weeks.
Its just wonderfull to see days that im getting 4 times more than my hashrate on p2pool, finding a block gives a small bonus - dont have to share altcoins with everyone... That doesnt matter to team cryptx because fees are safe...
Incase peta had done as they said, they could have saved all altcoins - we would have got much more of those for sure - and sold those in high times....or maybe even leave it for shareholder to decide if they want to withdraw those someday, that way it could add some value to each and every peta...
50btc, mtgox, cryptx
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Puppet
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September 09, 2014, 11:33:02 AM |
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Looks like I have to be the guy to stand up for cryptx. Oh the irony. - The explanation for the 21BTC transaction makes complete sense, and I see no reason to doubt it. - That the move to P2P didnt happen should be considered a god sent. Yes, unit holders voted for it, but anyone who was still holding units at that point was per definition mathematically challenged or an idiot, so be glad Cryptx didnt listen. It would have been nice had cryptx spread his hashrate to several smaller pools (including p2p) to take power from ghash.io while not creating unacceptable variability, but moving everything to P2P would be madness. Cryptx, if you are reading, consider moving part to bitminter, part to eligius, part to P2P etc. Each of them is small and has high variability, but using all of them reduces that problem while fighting centralization. Anyway, that was the good news. Now the bad one. Looks like today might the be first day you get no dividends: https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt610.5 BTC isnt enough to pay the fees. Probably cryptx will do another loan to pay his fees and some theoretical div, but think about that for a second. And get used to it.
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