Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (15GH/S per Unit)
by
MonkeyBear68
on 28/06/2014, 00:16:33 UTC
In this case Puppet and NotLambchop convinced me to accept my losses and get out. The numbers just don't look good. In 3 months time the increase in hash rate will make it such that the Bitcoins mined only cover the hosting fee. Unless the reinvestment ratio is changed to at least 95/5 the loan will not be paid out till mid August. That only leaves one months time for a small reinvestment fund to build up. Like I said in some of my earlier posts, Bitcoin Mining is like a dog chasing its tail.

Good luck to all of you who are in this project. Let's hope that Bitcoin rises to the $1000's so that mining will again become profitable.