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.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 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.
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.
