Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (15GH/S per Unit)
by
Puppet
on 05/07/2014, 08:29:38 UTC
Because NOBODY can predict the next bitcoin difficulty let alone the next 10+. This is why you look like a joke when you preach your estimations as if they are fact.

Assumptions (which I never presented as fact) can be wrong, but math doesnt lie. You can challenge my difficulty growth assumptions, in fact, Ive often asked peta investors to provide their assumptions that leads them to holding or buying, but if you do the math you will find that any growth assumption that would justify even the current share price (and that is something you CAN calculate) is simply implausible.

You see,  I may not be able to predict with certainty how fast difficulty will grow (though so far, I came pretty darn close), but I do have a good idea of where its headed and of its upper and lower bounds because difficulty isnt random. Its the result of a rational process. If you want to argue its possible difficulty will soon level off, let alone decrease, you will have to explain why no one would continue deploying miners that would be extremely profitable under those same circumstances.

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The only thing that matters are the controllable variables like $/gh, w/gh, and $/kwh.

If you used your brain you would realize that those variables, combined with manufacturing capacity are what determine future difficulty, which is all that really matters. The absolute numbers mean nothing. If they did, I wouldnt have made a big stack of coins mining with GPU's.

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And I don't think you actually believe peta was overvalued by 10 times. The recent IPO was ~$3.2/gh so 1/10th would be $0.3/gh which will ROI according to just about any calculator you try.

Your mining calculator doesnt account for the fact that because of the laon,  you only received 50% of the mining revenue, yet paid hosting fees for the full amount (and one might argue, for 4x that amount). SO yes, I meant what I said. I gave you the numbers and the math. Sum of dividends was barely above 0.01BTC using optimistic growth assumptions. The current plan to convert the loan in to (overvalued) shares makes it a little better, but still no where near current market price, never mind IPO.