Quote from: rdyoung on February 10, 2014, 09:29:52 PM

Quote from: mmitech on February 10, 2014, 09:27:01 PM

Quote from: rdyoung on February 10, 2014, 09:23:57 PM

Quote from: trek27 on February 10, 2014, 09:04:39 PM

Not sure what do you mean by: 'their goal of being 35% of the network'.

Peta's strategy is to reinvest 35% of its net income and according to Cryptx's forecasts (a bit dated) Peta hash rate should represent around 1-2% of total hash power.

I hope I am not remembering a hallucination. I swear I saw it somewhere that there stated goal was to be in control of 35% of the total network hashrate.

I am going to keep hunting and if I find it I will post a link to the source.

you are not wrong, they said we will make sure to not gain more than 35% of the total hashrate of the network: http://www.peta-mine.co/faq/

Quote

Why a PETA-MINE?
Our goal is to deploy a mine with 1PH/s of hashing power. We have chosen this size for different reasons. One is scaling to keep average hardware costs of the mine at a minimum. Second is future difficulty, we want to achieve considerable percentage of the total market but will monitor closely not to exceed 35% of the total network.

Thank you for that. I don't need yet another reason to doubt my sanity. Grin

35% of the network today costs about US$ 23 million (in 2TH/s $6K Cointerras).