Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
Anotheranonlol
on 19/05/2014, 05:34:32 UTC
Quote from: Anonymousg64
PETA is meant to be a mining operation that continues to function indefinitely

How can petamine function indefinitely when they are charging themselves $0.25/kwh vs the competition at less than $0.05/kwh?

how are the others making any profit? they might be charging differently

I'm confused is petamine paying $0.25/kwh or is that a service by petamine which customers pay that rate?

So in the end PETA is just a scheme to build as big of a farm as possible while charging outrageous hosting fees payed to themselves of course.

Yes, it is. is it surprising-? it's their clear profit margin for convenience of large scale, continuously expanding hosted mining operation

Quote
How will peta compete with operations like megabigpower at less than $0.05/kwh?

0.25/kwh is what they charge 'all in one' . presumably not what they pay with renewable energy links, despite being located in belgium. Unless megabigpower, knc et al offers up % stakes in their farms I don't see how that's a question investors would need to worry about, They are competition but so's the guy sitting at home with a few antmers and free electricity on the lease- everyone is competition. crypx has clearly outlined the total costs.