Ninjastic
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Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)
by
JRBeagle
on 23/07/2014, 20:24:18 UTC
Quote from: rdyoung on July 23, 2014, 02:19:13 PM
Quote from: dyask on July 23, 2014, 06:53:42 AM
Quote from: rdyoung on July 23, 2014, 04:26:42 AM
Quote from: pedrog on July 22, 2014, 11:53:18 PM
Quote from: dyask on July 22, 2014, 11:38:30 PM
Quote from: JRBeagle on July 22, 2014, 08:17:18 PM
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.

Comparing one overvalued asset against another doesn't change the facts.  

Bahhhh What?Huh How did I change the facts. If you look closely at almost everything I post I go straight down the middle laying out facts and trying to not sound like I fall on either side of the fence.

To sum up both of my posts in a way that might be easier to understand.

ALL valuations on any asset are whatever a person is willing to pay. If I am extremely thirsty and am willing to pay 5$ for a bottle of water, than at that moment in time that bottle of water is worth 5$ to ME. Peta in my opinion is not extremely overvalued, its sitting at maybe 25% over where it should be. In either case of peta of or cex, you will pay a premium over buying your own hardware. When your purchasing GHS in this scenario, (A perpetually paying asset) you are not purchasing the hardware, your asset is more abstract, if some of the hardware dies and gets replaced, your ghs still remains, if you purchased your own hardware and it goes down, your SOL.


I would say its not overvalued at this point at all,it is unfortunate that many people bought when this was much higher but from the perspective of someone who has been in only for the past few weeks its been great;the value I see is the current value of the future cash(bitcoin) flows by means of the daily dividend.Yes the dividend will eventually go to zero but for the time being with all of these low difficulty increases the dividends are extremely valuable and with the potential of the P2P news or another hardware upgrade anything can happen.But like I said for the time being im just letting the dividends roll in(if and when the switch to P2P happens dividends will be ever sweeter)