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

[pumawolf]

will peta get  tko'd in  2 diff changes? i never seen  a mine die b4. this will be interesting, i will be tuning in. for the investors sake hope the guy magically lowers maintance fee.

[stompysteve]

My average is like 45000 from re-investing the dividends so I´m good thank you.

Take a look at pbmining... You could sell at peta and invest at pb, you might have a better return. Well in the its your choice.

Out of curiosity how does this compare to AMHash
Haven't really been  keeping track of these type of assets since they tend to get well pwned by difficulty

Peta - hosting fee totals 0.0049315$ per GH per day or 0.15$/GH per month
AM - maintenance fee is 0.00163 per GH per day or $0.0489 per GH per month

obviously the price is reflected with peta being .0004 and am being .00125
peta will most likely be taken over by hosting fee soon

[Puppet]

peta will most likely be taken over by hosting fee soon

Soon as in a 20 hours. Next difficulty (+10%) would put the theoretical div in the single digit satoshi range at todays BTC value. If you include fuzzy peta math, its gonna be well below zero.

Math fail. in theory it should still be ~200 satoshi after tomorrow. BUt then in theory average should be >300 today, and it isnt.

Not that anyone cares anymore, peta shareholders all seem to have  long written off their investment as a total loss, they have vanished or they killed themselves.

[jaysabi]

peta will most likely be taken over by hosting fee soon

Soon as in a 20 hours. Next difficulty (+10%) would put the theoretical div in the single digit satoshi range at todays BTC value. If you include fuzzy peta math, its gonna be well below zero.

Math fail. in theory it should still be ~200 satoshi after tomorrow. BUt then in theory average should be >300 today, and it isnt.

Not that anyone cares anymore, peta shareholders all seem to have  long written off their investment as a total loss, they have vanished or they killed themselves.

Don't worry, I got another e-mail about a new mining IPO on Havelock the other day. I'm sure this one will work out! 

[Puppet]

Seems even Crino has given up 
Here, let me help:

Code:

2014-11-04	2014-11-04	0.00000043

A day or two before the next 10% difficulty jump hits home.
"keep calm & collect dividends!"

[nwfella]

will peta get  tko'd in  2 diff changes? i never seen  a mine die b4. this will be interesting, i will be tuning in. for the investors sake hope the guy magically lowers maintance fee.

Oh he more than likely will.  He still has a bit of admin/hosting 'padding' (obviously I'm speculating here).  Although, unless some fresh mathematically challenged investors come into the picture it may ultimately be more trouble than it's worth.  We all know just how lazy/incompetent CryptX has turned out to be.  I suppose the alternate reality is where he basically dumps all of the existing hardware (again at below market rates) and sails off to concentrate full time on the Scrypt-X side of his long-con.

[Puppet]

You are assuming he can dump the hardware. Im assuming he can't, otherwise he already would have. Remember, he sold much (all?) of his bitmine and cointerra gear that used to be hosted in his datacenter in Brussels. In july he announced a deal with bitfury who is hosting his mine now in the republic of Georgia. Did he buy the machines, or is he leasing them? And what sort of contract did he sign for the hosting? Considering the datacenter was basically built for cryptx and digitalbtc, its highly unlikely he can just cancel the contract after a few months. So even if he owns the hardware, he is almost certainly stuck there until next July. And therefore, so are petamine bagholders.

[crino]

Seems even Crino has given up  
Here, let me help:

Code:

2014-11-04	2014-11-04	0.00000043

A day or two before the next 10% difficulty jump hits home.
"keep calm & collect dividends!"

I'm here Puppy, collecting dividends and remembering your most famous sentence:

"Quote from: Puppet on September 22, 2014, 03:15:16 PM
in two weeks it will hit zero forever."

ROFL

[Puppet]

Hey good to see you have something to laugh about!
Here is the cruel truth though: if you quote the entire context, you will see that

1)  The lowering of fees was also predicted by me long before the fact or before your out of context quote:

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.

I strongly suspect cryptx has no interest to liquidate his mine already, he'll probably lower his fees to some point marginally below mining revenue and drag this out for as long as he can.

2) You are far worse off because of it.

Keep laughing and collecting those dividends though.  You must have made a killer profit on this.

[Puppet]

Ok, I stand partially corrected. Divs are not "a few dozen satoshi" as I predicted

Code:

2014-11-05	2014-11-05	0.00000010

Its not even one dozen ROFL.

[NotLambchop]

If only someone has warned you...

...
What's weird about it? Your argument is that you can't keep up with difficulty, meaning the investment will lose value, since mining yields less and less. Yet the shares gained value, way above 50%. ...

Dividends paid, shares gaining value...  Why would you want to mess with such a winning combination by issuing another IPO and cutting divs?  Or...

*Are you a wizard?

[Seketsuna]

just joined havelock investments. I hope its a good ride! 

[RoadStress]

I will donate something to the one that will make the arrest of cryptx possible.

[Tripjammer]

Folks just pull out and move on already! I just saw there was a .00000010 div payout a few days ago..wow!!! Lmao!

At least it was a positive payout...😉

[Dexter770221]

Folks just pull out and move on already! I just saw there was a .00000010 div payout a few days ago..wow!!! Lmao!

At least it was a positive payout...😉

November 6th was ZERO...

[Seketsuna]

Folks just pull out and move on already! I just saw there was a .00000010 div payout a few days ago..wow!!! Lmao!

At least it was a positive payout...😉

lol 10 sat and the share price are going down. oh well its really an invest what you can afford

[Puppet]

Its always useful to look back at past predictions and learn from your mistakes. Sometimes I get it wrong too. Lets see what I predicted back in June:

So in total each share will yield a maximum of 0.01765 BTC in dividends from the original 15GH and there will up to 0.0074 BTC per share available for reinvestment after the loan is paid back.
0.0177+0.0074=~0.025 BTC per share.

I estimated 0.025 BTC value per share at most.
That is equivalent to 0.0017857143 after the 14-1 split.
Actual market price on that day was 0.0052 (split taken in to account)

In reality, shareholders received 0.00109528 in dividends after the split and another 0.00030202 / 14= 0.0000215728571 between my post and the split.  So total dividends per current share= 0.0011168529

Current share price is 0.00027499. Im being generous, as the highest bid is 0.00021002. A shareholder that held shares back when I posted my estimates and sold today would have yielded a total of 0.00027499 + 0.0011168529 = 0.0013918429

So my maximum estimate was too high by ~22%.

How about my difficulty estimate? 21 weeks have passed. In my simulations, that resulted in an estimate of 34.4B. In reality its 39.6B.
So I was again too optimistic, this time by ~13%

[fonsie]

Its always useful to look back at past predictions and learn from your mistakes. Sometimes I get it wrong too. Lets see what I predicted back in June:

So in total each share will yield a maximum of 0.01765 BTC in dividends from the original 15GH and there will up to 0.0074 BTC per share available for reinvestment after the loan is paid back.
0.0177+0.0074=~0.025 BTC per share.

I estimated 0.025 BTC value per share at most.
That is equivalent to 0.0017857143 after the 14-1 split.
Actual market price on that day was 0.0052 (split taken in to account)

In reality, shareholders received 0.00109528 in dividends after the split and another 0.00030202 / 14= 0.0000215728571 between my post and the split.  So total dividends per current share= 0.0011168529

Current share price is 0.00027499. Im being generous, as the highest bid is 0.00021002. A shareholder that held shares back when I posted my estimates and sold today would have yielded a total of 0.00027499 + 0.0011168529 = 0.0013918429

So my maximum estimate was too high by ~22%.

How about my difficulty estimate? 21 weeks have passed. In my simulations, that resulted in an estimate of 34.4B. In reality its 39.6B.
So I was again too optimistic, this time by ~13%

  Typical for Puppet, the eternal optimist, always too bullish.

BTW, I still can't believe this Titanic hasn't touched the ocean floor yet.

[nwfella]

Its always useful to look back at past predictions and learn from your mistakes. Sometimes I get it wrong too. Lets see what I predicted back in June:

So in total each share will yield a maximum of 0.01765 BTC in dividends from the original 15GH and there will up to 0.0074 BTC per share available for reinvestment after the loan is paid back.
0.0177+0.0074=~0.025 BTC per share.

I estimated 0.025 BTC value per share at most.
That is equivalent to 0.0017857143 after the 14-1 split.
Actual market price on that day was 0.0052 (split taken in to account)

In reality, shareholders received 0.00109528 in dividends after the split and another 0.00030202 / 14= 0.0000215728571 between my post and the split.  So total dividends per current share= 0.0011168529

Current share price is 0.00027499. Im being generous, as the highest bid is 0.00021002. A shareholder that held shares back when I posted my estimates and sold today would have yielded a total of 0.00027499 + 0.0011168529 = 0.0013918429

So my maximum estimate was too high by ~22%.

How about my difficulty estimate? 21 weeks have passed. In my simulations, that resulted in an estimate of 34.4B. In reality its 39.6B.
So I was again too optimistic, this time by ~13%

  Typical for Puppet, the eternal optimist, always too bullish.

BTW, I still can't believe this Titanic hasn't touched the ocean floor yet.

Surprising yes, but the band is in full swing though and it's getting difficult to play given the ships angle.

[Sine(X)]

Its always useful to look back at past predictions and learn from your mistakes. Sometimes I get it wrong too. Lets see what I predicted back in June:

So in total each share will yield a maximum of 0.01765 BTC in dividends from the original 15GH and there will up to 0.0074 BTC per share available for reinvestment after the loan is paid back.
0.0177+0.0074=~0.025 BTC per share.

I estimated 0.025 BTC value per share at most.
That is equivalent to 0.0017857143 after the 14-1 split.
Actual market price on that day was 0.0052 (split taken in to account)

In reality, shareholders received 0.00109528 in dividends after the split and another 0.00030202 / 14= 0.0000215728571 between my post and the split.  So total dividends per current share= 0.0011168529

Current share price is 0.00027499. Im being generous, as the highest bid is 0.00021002. A shareholder that held shares back when I posted my estimates and sold today would have yielded a total of 0.00027499 + 0.0011168529 = 0.0013918429

So my maximum estimate was too high by ~22%.

How about my difficulty estimate? 21 weeks have passed. In my simulations, that resulted in an estimate of 34.4B. In reality its 39.6B.
So I was again too optimistic, this time by ~13%

Petamine has a price 4 times less then AM, how is it possible?
AM's unit = 1 GHS
Peta's unit < 1 Ghs ? Or it's not a unit of hashrate?