I'll donate one bitcoin to anyone who can prove, with figures and competent logic, that these shares are overvalued. From someone who has run the figures, with multiple realistic scenarios, none of you are winning this bet, infact, I argue, most of these people claiming this project is dead are not even competent enough to run a proper analysis
I've already ran the numbers before. If the difficulty trend does not slow down, Petamine is toast. Even when i assume their own hashrate forecast holds (Which they missed by about 50%).
Excuse my pain skills. It's hard to draw anything with a touchpad.
http://imgur.com/P2GrJDWThese calcuations are done with 20% hashrate increment each time. Since the next difficulity increment is schedued at +24%, i have a hard time believing the average increment falls below that 20% in the short term. This leads to a share price of 0.0094 plus whatever their hardware is worth when they start liquidating it. This all assumes petamine has twice the hashrate they actually have.
When i change the network hashrate growth to 10% and the petamine hashrate numbers to what they actually have, the dividends per share is 0.0072. You can arrive at these numbers by copying
this document and filling in whatever hashrate numbers you deem acceptable. This document is supplied by petamine itself, so i assume the calculations are correct.
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