Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
You're nuts. 2.1% per week is stunning. That's 100% per year.
Yeah, except, its not. Your mining revenue and the value of the hashing power which is your fundamental share value is dropping by 7% per week. Cant believe how people still fall for this after all these years.
Except the share value is not dropping 7% per week.
If share price drops 7% a week, we'll see 0.05 each share after a month.
And let's say a month later Petamine only hold 1% of the network, then 1 share of Petamine is equal to 0.0000129% of bitcoin network.
That means the whole btc network only value BTC387475.
Just tell me how do you feel about this number. For me, it's way too cheap.
