Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE

Quote

The money that is raised at the IPO will go to the purchase of 1000 TH/s of mining equipment, which costs about 3,760 BTC. Financial breakdown to deploy 1PH/s:

   Cost: 3,760 BTC
   Income:

   * 33,794 shares at IPO: 3,313 BTC
   * Current reinvestment funds: 150 BTC
   * Mining revenue (16-31 May): 300 BTC

cryptx, please could you clarify (NB - this is not an accusation):

Where are the funds from the cancelled bitmain contract? Do they have any relationship to the shares you have aquired? If no, why are they not included in this calculation?

New situation:

We have cut the hosting fee from 0.45$/kwh to 0.25$/kwh. In other words we gave up a large portion of our income to the PetaMine project. We could have left it at 0.45$ and receive a lot more hosting for the coming months. Instead we want the project to thrive and become one of the larger players in the Bitcoin mining place.
We bought back about 14,500 shares with the money we otherwise had to spend on Bitmine for our second part of the contract. We did this because we are convinced that we could use these shares to take the PetaMine to another level.

+1
I wasnt upset with what was going down before though, everyone else is just pissed because they sold to early to get some scryptx trying to be a speculator or day trader

+1 As simple as that...people is pissed off because of day trading. People who is holding for a long term sees that like really good news, and know that people is making FUD and we all know who they are. Since the beginning we've been watching a lot of speculation here, and people who write in this forum only looking for their speculation movements. Stop people, don´t let them get the attention they want, info is there, and is very good...