Quote from: Usman056 on May 26, 2014, 08:43:13 PM

Quote from: DropDead.Be on May 26, 2014, 07:34:09 PM

The stats page is fixed I guess, at least for me, currently hashing at 1310 TH / 80183 TH => 1.65 % of global Bitcoin network.
YipYip

where is the remaining 190 TH? and what about the missing hardware mentioned earlier? Huh

The hashrate is 1156 TH/s. There is no 'remaining hashrate' until more IPO shares are sold. There is also no 'missing hardware'. The IPO is meant to add 1000 TH/s, and since not all shares were sold only part was added.

Quote from: _biO_ on May 26, 2014, 09:15:59 PM

Quote from: ujka on May 26, 2014, 09:07:13 PM

Quote from: _biO_ on May 26, 2014, 08:55:04 PM

We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.

Well, the deal in new IPO is 15G/s per share sold, so I can not blame them for private hashing with the rest of hardware (if they already bought 1500TH).

Me neither. I guess I just take offense at the last line of their mail "Now lets sell this IPO." ("... or don't cause we don't really care either way at this point!")

Using the bought hardware to mine is the best strategy. Also selling the IPO is the best for everyone involved. The growth of PETA mine is good for all shareholders as it improves our economy of scale, not to mention that dividends start sooner.

What in the world is there to be offended about? They are expressing enthusiasm in an email updating us on the hard work they did. If I had just operationalized a 1+ PH/s mine I'd be pretty excited too. I tend to like enthusiastic people in business, they get far crazier things done than deskplants.

Quote from: DebitMe on May 26, 2014, 09:50:29 PM

Quote from: ujka on May 26, 2014, 09:47:38 PM

^
Old hardware is just replaced for more efficient. We, shareholders, get lower hosting cost.

yea, but correct me if I am wrong but...

we paid for the old hardware with the initial IPO.
Now, we paid for new hardware (or will by the end of all of this, either through sold out IPO or dividends withheld)
They sold/are selling old equipment for btc.

Shouldn't whatever they make from the old hardware go to the benefit of us either through dividends or used in lieu of dividends if the current IPO doesn't sell out?

Ujka means exactly what he is saying, and is right. The old 500 TH/s second is replaced by new hardware. The IPO should add 1000 TH/s, and the old 500 TH/s was replaced.

Guys, practicing scepticism is a good way to make sure you don't lose your money. But please make sure you are fully informed and don't draw panic conclusions based on some half truths and enflaming forum posts. All the information is out there, and sensationalism or repetitive questions is not going to solve anything.

I for one am very happy explaining things to those who are confused, and I'm very happy there is people here that explain things to me when I'm confused. But half the stressful debating here the past weeks could have been avoided if everyone took 10 minutes to read the prospectus and actually read the status updates that are emailed to you...

Have a nice day everyone, try not to look at the /stats/ page all day. I find myself doing so every so many hours, just because it looks pretty