Hi, small time holder with PETA, just registered to give my thoughts.

As much as puppet is trolling the point, his numbers (sadly) do add up, the loan is being re-paid too slowly. It is clearly having an effect on share price and probably putting off new investors who have shown an interest from the soon to come p2pool switch (which is a great idea and I fully support).

I'm in this for the long run and want to maintain a (very) small part of the bitcoin network through PETA, as I think most of the unit holders here also are.

As I see it, the hash rate is going up at a comical rate and has no sign of easing up. Small time/home miners are simply not able to compete against the likes of bitfury/CEX.IO's massive hubs. The only reasonable hope people like me have are in companies like PETA who pool our resources; if they cannot run a profitable mining rig then none of us can.

Looking into the next ~6 weeks I assume that once the loan is or nearly is paid off cryptx will give another loan to the shareholders and we will ride the ups and downs in divs as the network hash rate keeps rising ect.ect. However, it is clearly going to cost >50% of the revenue to keep the mine anywhere near 1% of the network in the long term.

I'm sure cryptX and the >5% unit holders have a plan, as clearly they are not going to let their large investment fall so easily, but unless cryptX has an ace up their sleeve may I suggest one of the following:

- stopping divs for 4 weeks to pay off the loan.

- upping the re-investment to 80/90% (I was happy with 0.0007 per share per week a few months ago, weren't you?) allowing the mine to continue loooong into the future (with profit each week)

- making some sort of sliding scale re-investment / divs percentage where the amount of BTC required to keep up with difficulty (and peta at 1% of the network) comes out of weekly profit first and anything left over is given out as divs.


In any circumstance, I want PETA to keep going as long as possible and for my little investment to keep giving a small amount over years rather than crash and burn in a few months.  Thoughts?