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Showing 13 of 13 results by JRBeagle
Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)
Dividend today wasn't bad at all,thought this last difficulty increase was really gonna kill it
There is a delay between difficulty changing, and it affecting pooled mining revenue. Thats because blocks have to mature and because of PPLNS.
I wouldnt think so,there might be a smaller one at some point in this difficulty cycle but two days of good dividends makes weighing this storm easier.Asks are getting taken out pretty quickly,looks thin till about .0015
Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)
but for depreciating assets...
yeah, unfortunately like a couple days after I started the investment fund, they sent out that status update basically saying they were not going to go to P2Pool or get new hardware in the near future, and ever since the share price has been plummeting and there has been a big shit-storm on reddit about them. Bad timing I guess, although at the same time also means that more shares can be bought from re-investment each day. Hoping things get sorted out with CryptX and dividends keep getting paid.
I was thinking about picking up some up at .109 but it looks like i missed that day trade boat
I think more people sold out when the BTC price dropped not when they said no to p2pool
Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)
but for depreciating assets...
yeah, unfortunately like a couple days after I started the investment fund, they sent out that status update basically saying they were not going to go to P2Pool or get new hardware in the near future, and ever since the share price has been plummeting and there has been a big shit-storm on reddit about them. Bad timing I guess, although at the same time also means that more shares can be bought from re-investment each day. Hoping things get sorted out with CryptX and dividends keep getting paid.
Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)
New share price plateau approaching?
Not when P2P news hits then id think at least .003If they havnt switched yet they aren't going to
Have they not been on p2p shown here - http://pool.petamine.co:9332/ ?
4 th/s less than 1% of 1,150 th/s, and it hasn't gone up. So I guess they're just ignoring the vote for p2pool.
There always could be something that has come up,something could be holding things up.I cant think of how it could benefit anyone if they were dishonest about moving to P2P.
Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)
New share price plateau approaching?
Not when P2P news hits then id think at least .003Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)
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$/GHS profit, an 800% markup.
Comparing one overvalued asset against another doesn't change the facts.
Bahhhh What?
How did I change the facts. If you look closely at almost everything I post I go straight down the middle laying out facts and trying to not sound like I fall on either side of the fence.To sum up both of my posts in a way that might be easier to understand.
ALL valuations on any asset are whatever a person is willing to pay. If I am extremely thirsty and am willing to pay 5$ 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)