Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
cryptx
on 18/05/2014, 23:00:28 UTC

Let's make this simple.
We are now 0.6% of total network hashrate.
If this ipo goes the worst scenario, not a single share be sold.
Then we will have to halt all dividends until July.

Let's assume that difficulty rises 15% each stage.
By the time of July, total network hashrate would be around 135PH/s.
And with our 1.5PH/s , we own over 1% of total network hashrate, which is better than now.
That's why I didn't sell my shares.

If we can buy those Bitfury machines in small amount as reinvestment part now, and stop the new ipo would be even better. Cheesy


You are totally correct.

Only the last sentence does not add up. At 500 TH/s we cannot mine the 3,650 BTC needed from now until July for the 1,000TH/s extra hardware. This were the IPO comes in.