Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
xe99
on 18/05/2014, 23:01:19 UTC
how do you guarantee any of this? you claim 25,000 bitcoin will be mined in a year but even a modest increase in difficulty to 15,000,000,000 which seems very likely in next couple months, you will be lucky to pull 18,000 BTC. what am i missing?

are investors guaranteed 15/GH dividends no matter what happens by a certain date? I'd like to invest a little bitcoin but so far some things not adding up for me.

thanks for any help answering these questions.



25,000+ btc will be mined assuming either entire global hashrate remains static, which obviously it won't OR the 2% figure (representing PETA's portion of entire hashrate) used in that calculation will grow proportionally to the rate of growth the rest of the market. This is the reason for 65% rather than 100% towards dividends, which would be a losing proposition over time.

For example the mine initially started with 1G per share. Hardware was sold to expand the farm and instead of quickly paying off investors a lump sum from that sale, a decision was made to withhold those dividends to increase the capacity, therefore GH/s each share is entitled to a higher amount. at 80k shares with current deployment that increased 600%, combatting the difficulty increases.

You can see from dividend history the upwards trend.

Quote
2014-05-16   2014-05-16   0.00150424
2014-05-09   2014-05-09   0.00109209
2014-05-02   2014-05-02   0.00105737
2014-04-25   2014-04-25   0.00075670
2014-04-18   2014-04-18   0.00068164
2014-04-11   2014-04-11   0.00057136
2014-04-04   2014-04-04   0.00060188
2014-03-28   2014-03-28   0.00061162
2014-03-21   2014-03-21   0.00063172
2014-03-14   2014-03-14   0.00050213
2014-03-07   2014-03-07   0.00042365
2014-02-28   2014-02-28   0.00040211

Here we come to the second situation where a temporary sacrifice is made to ensure the long-term success of the mine.

much thanks. its starting to sink in s l o w l y... Tongue