With this latest news I too think that Cryptx is doing a phenomenal job for investors in this fund. Thank you Cryptx for securing the extra hash power. This will ensure that those who bought at 0.05 will make a nice reward and should continue to do so through Cryptx's reinvestment strategy.
Newbies:
To those that are buying at today's highly inflated share prices (0.129) - Good Luck. By the end of May hash rate will be 4 X what it is today with all the new chips being shipped. Please refer to the chart in the link below, which is the actual hash rate increase in the network to date.
https://blockchain.info/charts/hash-rate?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
The values displayed are a 7 day moving average. By the end of May that chart means that payout values will be a quarter or less of what they would be today. The network at the end of May will be over 100,000 TH/sec. If hash rate continues to increase at the same rate, then at the end of August the network will be nearing 500,000 TH/sec. Please do your calculations and determine what a fair price for a share of PETA should be.
Here is another link in which you can estimate the payout of a given amount of hash power:
http://bitcoinwisdom.com/bitcoin/difficulty
Simply enter in the value in the GH/s box and it will tell you the amount you will get per week based on current difficulty. It indicates both BTC and $ based on the current exchange rate. Remember each share is worth 8.68 GH/s, but 35% is reinvested in new chips, so each share will actually provide 5.642 GH/s. Also keep in mind we are not at full hash power. If you plug 5.642 GH/s into the edit, you will see that at today's levels a single share will yield 0.006347 BTC per week in dividends. This result is consistent with the daily dividend (0.00080347 * 7 to make it weekly * 1.13 to account for the difference between the 2 miners IE (5.642/5.0)) that B.MINE currently pays for a theoretical 5 GH/s miner so we know the above calculator is accurate.
At current share prices (0.129), this gives a break even point of 20 weeks, assuming we would immediately be at full power and there would be no hash rate increase. Please keep in mind that in only 13 weeks the network will have a 4 X higher hash rate. At a share price of 0.05 the break even point would be only 8 weeks; much more achievable, although it will still end up taking longer than 8 weeks as hash power will have doubled in 8 weeks.
I want people to make informed decisions about what they are paying for a share of PETA and I believe the above tools and examples will help them do so. In my opinion I believe the current share price is vastly overpriced, and no I do not want to buy cheap shares, I simply want to see everyone benefit from the great mining project that CryptX has started. Again hats off to CryptX for getting us shareholders the deals that he did.
Newbies:
To those that are buying at today's highly inflated share prices (0.129) - Good Luck. By the end of May hash rate will be 4 X what it is today with all the new chips being shipped. Please refer to the chart in the link below, which is the actual hash rate increase in the network to date.
https://blockchain.info/charts/hash-rate?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
The values displayed are a 7 day moving average. By the end of May that chart means that payout values will be a quarter or less of what they would be today. The network at the end of May will be over 100,000 TH/sec. If hash rate continues to increase at the same rate, then at the end of August the network will be nearing 500,000 TH/sec. Please do your calculations and determine what a fair price for a share of PETA should be.
Here is another link in which you can estimate the payout of a given amount of hash power:
http://bitcoinwisdom.com/bitcoin/difficulty
Simply enter in the value in the GH/s box and it will tell you the amount you will get per week based on current difficulty. It indicates both BTC and $ based on the current exchange rate. Remember each share is worth 8.68 GH/s, but 35% is reinvested in new chips, so each share will actually provide 5.642 GH/s. Also keep in mind we are not at full hash power. If you plug 5.642 GH/s into the edit, you will see that at today's levels a single share will yield 0.006347 BTC per week in dividends. This result is consistent with the daily dividend (0.00080347 * 7 to make it weekly * 1.13 to account for the difference between the 2 miners IE (5.642/5.0)) that B.MINE currently pays for a theoretical 5 GH/s miner so we know the above calculator is accurate.
At current share prices (0.129), this gives a break even point of 20 weeks, assuming we would immediately be at full power and there would be no hash rate increase. Please keep in mind that in only 13 weeks the network will have a 4 X higher hash rate. At a share price of 0.05 the break even point would be only 8 weeks; much more achievable, although it will still end up taking longer than 8 weeks as hash power will have doubled in 8 weeks.
I want people to make informed decisions about what they are paying for a share of PETA and I believe the above tools and examples will help them do so. In my opinion I believe the current share price is vastly overpriced, and no I do not want to buy cheap shares, I simply want to see everyone benefit from the great mining project that CryptX has started. Again hats off to CryptX for getting us shareholders the deals that he did.