Quote from: rdyoung on March 13, 2014, 01:23:55 AM

Quote from: JstnPwll on March 12, 2014, 07:23:06 PM

Quote from: howardb on March 12, 2014, 07:03:05 PM

Quote from: JstnPwll on March 12, 2014, 05:50:37 PM

Quote from: howardb on March 12, 2014, 05:38:36 PM

Challenging the logic of why it is or is not a good investment is healthy, screaming every nay sayer is a troll is a classic sign of cognitive bias, where you seek out only answers which re-enforce the view you want to be true.

This is true; however, the important factor has been known for a long time (that is, the specified cost of electricity and hosting). Regardless of the real or imagined motives involved in this cost, the number is still the same. Hypothesizing over whether CryptX makes profit from this figure does not affect anyone's calculations.

It affects my calculations. Putting it simply, the total profit in an enterprise like this will be the same regardless of whether it's funded by the company or by an IPO (thats a misnomer in this context) for the project. If I believe there is a conflict of interest in how those profits will be allocated between the company and the public project (via charges) then i'm far less likely to trust to the company or the project.

I fail to understand how you don't get that?

I get that you are less likely to trust the project because you deem those costs unfair, which means you think they might slight you in the future. Whether or not you trust them is your prerogative, but my point is that you haven't brought anything new to the table. We've seen the numbers. I personally don't care whether CryptX profits from the project, in fact I hope they do; otherwise why would they put forth all this effort? My own calculations were based on numbers, and what I can expect to make in returns based on those numbers. I wasn't comparing that to what I fear others might be making.

It is clear who here knows how businesses work and who has no clue.
The .45/kwh is a well known part of the equation, it would be a red flag for me if they were attempting do this without taking any kind of management fees.
They are paying 100% of mined btc to the shareholders minus of course the 35% reinvestment, so where else are they going to get the money to operate the mine?

Those that are trolling against peta, do they not know that it appears that everyone is having issues deploying 28nm tech.
Can someone name 1 chip/hardware manufacturer that has never had any setbacks or delays when producing hardware?

1 last thing that speaks to the professionalism NOT amateur nature of cryptx/petamine. Found this on their website.

To ensure a fast deployment at a low cost, we decided to produce our own mining hardware based on the A1 chips. To accomplish this, we have currently 3 teams working on 3 different designs. We will choose the most optimal design in terms of costs and convenience for our production.

They are working on 3 different pcb designs at once. That to me screams professionalism and that they know the issues that can arise and are attempting to avoid them.

+1 +2 +3