Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (15GH/S per Unit)
Okay, puppet thankyou for giving me very reasonable answers, although the insults really arent necessary.
I ran the numbers, assuming 12% increase per week, if divs stopped this week then the loan would be paid back in 3 weeks and five weeks after that we would have 400BTC to buy new gear with right? I grant you it would be pretty hard to double PETAs hash rate in that time to keep up with the network with only 400BTC, unless CryptX can get their hands on cheap rigs from somewhere, finance another loan, or the next price bubble hits us.
So, a few questions for you, is the cost/GH at cex.io or anywhere else cheaper than here at PETA? Because from what you have said, mining/hosted mining/cloud mining/ being a part of the bitcoin network are not financially viable unless you are producing chips? And its not PETA you have an issue with, but ALL mining. Are you saying that only the manufactures of chips are now able to afford to keep up with the bitcoin network?
If so, is it possible to buy shares in said manufactures?
So if you have no shares in peta, and think all mining is doomed to fail, are you very busy pointing this out to all of the other bitcointalk mining threads? Why does PETA warrant your time?
I ran the numbers, assuming 12% increase per week, if divs stopped this week then the loan would be paid back in 3 weeks and five weeks after that we would have 400BTC to buy new gear with right? I grant you it would be pretty hard to double PETAs hash rate in that time to keep up with the network with only 400BTC, unless CryptX can get their hands on cheap rigs from somewhere, finance another loan, or the next price bubble hits us.
So, a few questions for you, is the cost/GH at cex.io or anywhere else cheaper than here at PETA? Because from what you have said, mining/hosted mining/cloud mining/ being a part of the bitcoin network are not financially viable unless you are producing chips? And its not PETA you have an issue with, but ALL mining. Are you saying that only the manufactures of chips are now able to afford to keep up with the bitcoin network?
If so, is it possible to buy shares in said manufactures?
So if you have no shares in peta, and think all mining is doomed to fail, are you very busy pointing this out to all of the other bitcointalk mining threads? Why does PETA warrant your time?