Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
_biO_
on 27/05/2014, 08:14:09 UTC
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 let’s 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.

If the profits of the +200 or so TH/s that are currently mining and are not associated with a share are used to resume the dividends sooner, then all is well. If they pocket those profits then I have technically still nothing to complain about, except maybe about them trying to invoke a "team spirit" in that mail, while still profiting directly from any share not being sold. It reads a bit hypocritical.