Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share
I've just discovered PETA while browsing Havelock and am interested in learning more and possibly investing.
I did a bit of math, to see how long it would take to pay back my investment by earning dividends:
PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit
Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years
Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? How are you seeing the value of this investment?
I guess I'm questioning this because most mining operations expect to recoup their investment in months, not years.
I did a bit of math, to see how long it would take to pay back my investment by earning dividends:
PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit
Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years
Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? How are you seeing the value of this investment?
I guess I'm questioning this because most mining operations expect to recoup their investment in months, not years.
It was supposed to be months, not years. We're currently hashing at 120 Th/s. Should have been north of 500 by now. Bitmine is failing to deliver on time. If we can get the 700 Th/s by end of April I'd say ROI at current share price would be 6 months.
can always go with asicminer instead. based on last dividend you are looking at just shy of 40 years...
