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
I ran the numbers, assuming 12% increase per week, if divs stopped this week then the loan would be paid back in 3 weeks
Ahm.. lol?
You are not actually calculating with a 12% per week dividend increase, are you? Network hashrate is currently growing at that speed, meaning dividends will drop by that speed (in fact, faster since hosting costs remain constant). If that growth were to continue (which even I am not predicting) the loan would never be paid back in full ever, even if dividend payments where stopped today.
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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?
Bingo. Or selling hardware or hashrate. Cryptx himself, Im sure is doing just fine.
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And its not PETA you have an issue with, but ALL mining.
The problem is inherent to the weird market mechanisms, and certainly not unique to Peta. But peta pricing is completely absurd, it makes even cex.io look cheap. Well, maybe BFL "mining by the gh" is even worse, but I cant imagine they sold any contracts for the past 6 months.
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Are you saying that only the manufactures of chips are now able to afford to keep up with the bitcoin network?
They dont have to keep up, they create the growth, and get paid handsomely for it.
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If so, is it possible to buy shares in said manufactures? 
Yes, you can buy asicminer shares. If you had done that during their IPO, you would have seen several 100% profit, and if you sold near the peak, a few 1000%. Whether its wise to buy now, I'll let you do your own research ( no doubt its far better than peta, but then so is almost anything else).
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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 already explained that a few times.