Dear Unit Holders,
It has been a few weeks now since we converted the PetaMine to 1 GH per unit and 100% daily dividend payouts. We want to use this update to provide more transparency.
Daily dividend payouts are based on mining revenue of the last 24h (including altcoins like NMC/DVC/IXC). The differences in daily dividends have its origin in the variance in finding blocks for those last 24h.
The daily dividend consists of the mining revenue of the last 24h minus the hosting fee. The hosting fee totals 0.0049315$ per GH per day or 0.15$/GH per month to cover electricity, maintenance and repairs, hosting facility. Hosting costs are converted to BTC using the days BTC/USD ratio.
End June we decided, after passing a vote, to switch to p2pool because of the risk of ghash.io reaching 51% of the network. In the meantime this risk has disappeared with ghash.io having a marketshare of 27%. Besides that, the Bitfury systems are not compatible with p2pool and the variance on the daily payouts would be enormous.
Some people requested if additional hardware will be deployed. In the short term, we do not foresee to add additional hardware, as this would require the availability of new reinvestment funds or launching a new IPO. The results of the last vote was clear that people rather choose their own reinvestment level by purchasing additional 1GH/s units available at market value.
As always we will keep monitoring the Bitcoin ecosystem/mining environment closely.
Team CryptX