Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)
by
rdyoung
on 23/07/2014, 04:26:42 UTC
Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005
Why?  PETA is already extremely overvalued.

Well, if you look to CEX.io GH/s price it is not...

Exactly, but cex is a whole other story. I have a feeling that the price is being propped up by the people behind cex. They have said that they release new ghs onto the market they do it in a way to not affect the price. They are making a shitton of money, they are run by bitfury so their cost for hardware is nothing compared to the market rate. if they are able to produce hardware at say 25c/ghs and they are selling it .0048 I think was the last price I saw, thats over 2.5$/GHS profit, an 800% markup.