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

[Puppet]

And have you dont the math what it will be like a week from now, based on current price and network speed?

427 satoshi in mining revenue
-357 satoshi in fees
= 70 satoshi in dividends.

ROFL.  Guess what today's dividend was?

Code:

2014-09-22	2014-09-22	0.00000070

Get used to it. But not for too long, in two weeks it will hit zero forever.

[oma5]

  ...the mine should be shutting down any moment...

[stompysteve]

...the mine should be shutting down any moment...

How has the price not crashed yet does everyone expect a hardware payout?

[Jayjay04]

Dont know, but if btc reaches 350... the price will crash hard...

[Puppet]

How has the price not crashed yet does everyone expect a hardware payout?

Thats all a peta share has represented for quite some time now: a gamble that cryptx will indeed sell off its hardware and get decent prices for them.

I think its a risky bet, because I doubt cryptx will indeed sell off after the next difficulty adjustment (he is more likely to lower his fees as needed to keep divs a few satoshi above zero), and because in the current environment, its not going to be easy to offload 1PH of old, relatively inefficient gear - especially not when you have reputation as tarnished as cryptx when it comes to selling hardware.

[nreal]

Last one shut off the lights.

[Puppet]

Dividends are on the rise! From 70 to 72 satoshi's!
BWAHAHAHA

[Subw]

CryptX it's time to sell hardware...

[Timetwister]

I wish I could sell it short. I wonder what kind of calculations are doing those offering BTC0.00067236 per share...

[BTC-Market]

I believe that it's hardware selling time.

[nwfella]

Too bad CryptX wasn't being operated from the states.  Only thing that could've made my early morning read even better would've been had CryptX's operation been listed next to BFL's and/or LabRat Mining's as having been shutdown.  This scam has been going on for far too long and literally making CryptX rich all along the way.

*The end is near people, get outta CryptX while you can.

**Correction, paypal announcement more than makes up for my not seeing this scammy-asset have the breaks put on it.

[crino]

Another ponzi?

[jaysabi]

Another ponzi?

Good news! Cryptx sold the mining rigs.

[Puppet]

More good news, cryptx managed to go in the red on a bitcoin address:



-14 BTC ROFL.

[Puppet]

Its gotta be so nice to run a mining security; no one pays any attention to what you do.

Case in point; where did todays (and yesterdays) dividends come from, tiny as they may be? Only 5.5 BTC is being received from ghash. The remaining 12+ BTC came from https://blockchain.info/address/15hkE6RRBnDR5bV9CuvrXsKrj61ymTYR3H. Which leads back to a series of new addresses (why?) and ultimately from
https://blockchain.info/address/13FX4VrhWPmgnTtkWFkAb845nWoE6ExdC7

I dont see any mined coins there at all.

Is cryptx again borrowing money to pay for the divs?

Well, at least he can afford it. The bulk of the 'revenue' which is supposed to be for hosting fees is accumulating nicely:
https://blockchain.info/address/1M2b24hed8YSwZxfFZEAtqDUXUoJCDtsYU

350 BTC

Looks like someone is doing allight on peta mine.

[crino]

Its gotta be so nice to run a mining security; no one pays any attention to what you do.

Case in point; where did todays (and yesterdays) dividends come from, tiny as they may be? Only 5.5 BTC is being received from ghash. The remaining 12+ BTC came from https://blockchain.info/address/15hkE6RRBnDR5bV9CuvrXsKrj61ymTYR3H. Which leads back to a series of new addresses (why?) and ultimately from
https://blockchain.info/address/13FX4VrhWPmgnTtkWFkAb845nWoE6ExdC7

I dont see any mined coins there at all.

Is cryptx again borrowing money to pay for the divs?

Well, at least he can afford it. The bulk of the 'revenue' which is supposed to be for hosting fees is accumulating nicely:
https://blockchain.info/address/1M2b24hed8YSwZxfFZEAtqDUXUoJCDtsYU

350 BTC

Looks like someone is doing allight on peta mine.

hahaha I like your interest Puppy. KEEP CALM and post something funny.

[IamNotSure]

Its gotta be so nice to run a mining security; no one pays any attention to what you do.

Case in point; where did todays (and yesterdays) dividends come from, tiny as they may be? Only 5.5 BTC is being received from ghash. The remaining 12+ BTC came from https://blockchain.info/address/15hkE6RRBnDR5bV9CuvrXsKrj61ymTYR3H. Which leads back to a series of new addresses (why?) and ultimately from
https://blockchain.info/address/13FX4VrhWPmgnTtkWFkAb845nWoE6ExdC7

I dont see any mined coins there at all.

Is cryptx again borrowing money to pay for the divs?

Well, at least he can afford it. The bulk of the 'revenue' which is supposed to be for hosting fees is accumulating nicely:
https://blockchain.info/address/1M2b24hed8YSwZxfFZEAtqDUXUoJCDtsYU

350 BTC

Looks like someone is doing allight on peta mine.

Lol, They've heard you, they've started draining the balance

[Korbman]

I dont see any mined coins there at all.

Is cryptx again borrowing money to pay for the divs?

Plot twist: Cryptx is using leftover funding from the ScryptX IPO to cover PETA debts.  

[skuser]

Just don't get why would cryptx generate fictive dividends because he doesn't care about share price. It would be just enough if he decided to cover negative dividends or switched to weekly payouts to cope with variance. Anyway it's going to get unimportant in few hours when new diff goes into effect and almost zero dividends will become standard. Unless he makes the same move as cex.io did - brutally lowering the hosting fees, which I doubt in this case

[nwfella]

Who knows.  At this point I wouldn't put it past him if he where selling off the equipment (on the DL) and paying out 80% of it as dividends at this point.  20% Processing fee of course