Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
hephaist0s
on 06/06/2014, 21:43:27 UTC
Quote
- 162.69622134 as payment for hardware (801.3037787 BTC remaining)

So even if difficulty would remain the same, thats 5 weeks of no reinvestments. Of course difficulty did just change and is bound to change at least 3 more times before the loan is paid off, so you are probably looking at closer to 2 months of no reinvestment.  Current hashrate of petamine is 1.3PH in a network of ~90PH, or 1.4%. By the time the loan is paid off, it will be well below 1%

As for the "impressive" and "hefty" dividend, maybe Im missing something, but 0.00209952/0.0975 = 2.1% of the IPO price. The network is growing by >7% per week. Any math geniuses want to guess how long it will take to earn back the principle through divs? Thats right, forever and then some.

You're nuts. 2.1% per week is stunning. That's 100% per year. Will we be able to keep that up, eh, who knows -- but the data point we have right now, this week's dividend, 2.1% this week... there is no rational way to call that bad. Yes, you do seem to be missing something.

Edit: Also, largest dividend ever! But yeah, totally a bad sign. ?!?!