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Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
Everybody,
We are going to delete all posts of 2 people: mikemikemike and Effect. We have been receiving messages from them with bribe suggestions and threads. This is something that cannot be tolerated. Here are some quotes from their PMs:
From Effect
I know mikemikemike in real life. Infact were in the same hotel as I speak. If you want him to stop and delete his posts just pay him off and you can continue running your sham.
I really would like to enjoy my holiday, so just speak to him. He's a very determined person, he won't let this go until he has a reason to let it go.
I'm just trying to give both of you a way out, it's the only thing I can think of. And it's not the first time he's been paid to keep quiet. He's a very smart guy, but money controls him.
But How ever much he says he's not pissed off, he is, you guys screwed him and other investors by upping the share price of CryptX while SCRYPT was just being born.
From mikemikemike
So apart from you guys screwing over most of your more serious investors by artificially bumping up the price to 0.095 while all we deviated our funds to Scrypt. I'm not saying this was intentional, but it did fuck us over. I'm saying you didn't think about us. Which is fair enough, this is business, and time is of the essence.
If you don't then I'm gonna go fully public with everything I know. It will be said in allllot more detail, spoken in allot better language, and I will give full projections that no offence, make yours look like child's work. I used to do it for a living. When this gets out, and your motives do to, your IPO will never sell, you guys won't make anywhere near as much money, and ill make sure it gets to every article site and forum on the web. I hire people to do that for me.
I know this has been a pretty blunt email but I hope you understand where I'm coming from. I've never been that straight edged myself but this is ridiculous.
I'm going to get to work on my own projections tonight if I don't hear from you and make them public
We are going to delete all posts of 2 people: mikemikemike and Effect. We have been receiving messages from them with bribe suggestions and threads. This is something that cannot be tolerated. Here are some quotes from their PMs:
From Effect
I know mikemikemike in real life. Infact were in the same hotel as I speak. If you want him to stop and delete his posts just pay him off and you can continue running your sham.
I really would like to enjoy my holiday, so just speak to him. He's a very determined person, he won't let this go until he has a reason to let it go.
I'm just trying to give both of you a way out, it's the only thing I can think of. And it's not the first time he's been paid to keep quiet. He's a very smart guy, but money controls him.
But How ever much he says he's not pissed off, he is, you guys screwed him and other investors by upping the share price of CryptX while SCRYPT was just being born.
From mikemikemike
So apart from you guys screwing over most of your more serious investors by artificially bumping up the price to 0.095 while all we deviated our funds to Scrypt. I'm not saying this was intentional, but it did fuck us over. I'm saying you didn't think about us. Which is fair enough, this is business, and time is of the essence.
If you don't then I'm gonna go fully public with everything I know. It will be said in allllot more detail, spoken in allot better language, and I will give full projections that no offence, make yours look like child's work. I used to do it for a living. When this gets out, and your motives do to, your IPO will never sell, you guys won't make anywhere near as much money, and ill make sure it gets to every article site and forum on the web. I hire people to do that for me.
I know this has been a pretty blunt email but I hope you understand where I'm coming from. I've never been that straight edged myself but this is ridiculous.
I'm going to get to work on my own projections tonight if I don't hear from you and make them public
If only you had done that 3 months ago this thread would be 30 pages shorter
Glad you finally pulled the trigger.Re: [HAVELOCK] SCRYPT 10 GH/s hosted scrypt mining project by CRYPTX - IPO 7 MAY
And batch one is sold in 23 minutes...
Quite nice how quick 380BTC or roughly $170k is being raised.
Batch #2 will take a bit longer that for sure.
Let's see if cryptx can keep up with his promise to have some units hashing on the 15th this month.
Are you sure we aren't hashing immediately? I might have misread something, but I thought we started hashing the moment we sold the first 10,000 shares, meaning we are hashing today.
I second that, but maybe it said deployment will start when 10K shares are sold. I will check the prospectus when I am on my other computer.
I believe they aren't starting to deploy until mid May. The whole 10K shares thing was if they didn't break it, there would be no project deployed.
Re: [HAVELOCK] SCRYPT 10 GH/s hosted scrypt mining project by CRYPTX - IPO 7 MAY
Thanks cryptx, I realize what I'm suggesting is highly subjective and could be totally irrelevant if either of the leaders fail to live up to their promises. However, if KNC meets their goal, the kh/s per share ratio will be hard to justify unless reinvestment by scrypt-x is very aggressive.
I do appreciate time to market is very important in this realm and that in itself is a very good point.
See you at the IPO.
I do appreciate time to market is very important in this realm and that in itself is a very good point.
See you at the IPO.
Re: [HAVELOCK] SCRYPT 10 GH/s hosted scrypt mining project by CRYPTX - IPO 7 MAY
I'm pretty excited about this being an active Peta investor.
However doing the pricing for the forecast 100kh/s per share concerns me a little.
If we benchmark against the alpha - t miner (granted apples to oranges) but if they deliver on their 5Mh/s(now 16) on time (July) this means that to get an equivalent hash power with scrypt-x we would need to purchase 160 shares (not including aAlphas additional cloud hashing). At 0384 per share this works out to 6.144 btc which is about 2611 USD. The alpha miner retails for 2300 USD. The difference works out to about $2 per share. That two dollars is what I would consider to be the price for never getting "your hands dirty" and having a better resell potential by re selling the share vs the hardwar.
That's not too bad, but when you do the same comparison on KNCs supposed miner, it works out to a difference of $13 per share. That's a significant additional cost versus hardware.
My question to cryptx would be what are you going to do to hedge against aggressive performance gains made by new hardware. The Asic btc environment was more mature when PETA started than the scrypt Asic market is today. I would hate to see money invested in a Gen 1 Asic when Gen 2 is a month or two away and offers 75 percent better performance.
That being said alpha and knc are still pre order but knc has the best track record going and I would tend to believe them.
Anyway keep up the good work and I am looking forward to the IPO.
However doing the pricing for the forecast 100kh/s per share concerns me a little.
If we benchmark against the alpha - t miner (granted apples to oranges) but if they deliver on their 5Mh/s(now 16) on time (July) this means that to get an equivalent hash power with scrypt-x we would need to purchase 160 shares (not including aAlphas additional cloud hashing). At 0384 per share this works out to 6.144 btc which is about 2611 USD. The alpha miner retails for 2300 USD. The difference works out to about $2 per share. That two dollars is what I would consider to be the price for never getting "your hands dirty" and having a better resell potential by re selling the share vs the hardwar.
That's not too bad, but when you do the same comparison on KNCs supposed miner, it works out to a difference of $13 per share. That's a significant additional cost versus hardware.
My question to cryptx would be what are you going to do to hedge against aggressive performance gains made by new hardware. The Asic btc environment was more mature when PETA started than the scrypt Asic market is today. I would hate to see money invested in a Gen 1 Asic when Gen 2 is a month or two away and offers 75 percent better performance.
That being said alpha and knc are still pre order but knc has the best track record going and I would tend to believe them.
Anyway keep up the good work and I am looking forward to the IPO.
We have deployed the 18 Dragon miners. All are working fine.
Therefore we have ordered another 5 miners at the price of 6 BTC. Retail price is 6.79 BTC
(http://www.lketc.com/engoods/show/252.aspx)
These miners should arrive next Thuesday.
Therefore we have ordered another 5 miners at the price of 6 BTC. Retail price is 6.79 BTC
(http://www.lketc.com/engoods/show/252.aspx)
These miners should arrive next Thuesday.
So if LK can turn around 1TH units in a week, are there any plans to transition investment away from Bitmine and into LK?
I must be missing some key factor as to why that's not being more actively pursued. Anyone care to point it out to me?
we are so lucky the difficulty has slowed, but its starting to ramp up now.
im jumping ship as soon as i can get on my laptop
You do understand that bitmine's problems affect rollout for many people, not just peta, and therefore that is part of why the difficulty rise has slowed?im jumping ship as soon as i can get on my laptop
Considering the tone of your previous post, I look forward to you jumping ship and no longer posting on this forum. I and others are buying shares, please put yours up for sale.
J
+1
Thanks for the update Cryptx. It's crappy about Bitmine but what can you do? You've delivered steady dividends so far and I'm confident that you guys are trying your hardest to rectify this difficult situation. Thanks for your efforts!
Couldn't agree more.
But following your example... if "we" are 51% of investors asking the same shit over and over, does it make any difference?
Or even more simple. Asking what happened to the previous (end of Feb) "promises"?
Seeing him logging into the forum and not answering (or not updating us) is like seeing a debitor who owns you something and he doesn't even acknowledge you. Doesn't really give you a good feeling, doesn't it?
But following your example... if "we" are 51% of investors asking the same shit over and over, does it make any difference?
Or even more simple. Asking what happened to the previous (end of Feb) "promises"?
Seeing him logging into the forum and not answering (or not updating us) is like seeing a debitor who owns you something and he doesn't even acknowledge you. Doesn't really give you a good feeling, doesn't it?
I'm sure Cryptx logs in to check what the current sentiment is among people posting in this thread. Which means, in all likelihood, Cryptx hears your concerns.
If you look back to the start of the year, this project missed it's initial deployment window too. The mine was supposed to be up and running at the start of January and the first dividend wasn't paid out until the end of February.
I'm not saying it's acceptable, but I have come to expect delay as par for the course in this realm.
IMO, the biggest mistake Cryptx made was promising the 700 TH/s before the project met its initial goals. That attracted a lot of investors who bought in without realizing the history of this project. As a shareholder from when Peta was still on cryptostocks, mum has always been the word and there have been periods of "inactivity" while waiting for deliveries before. I think Cryptx is acting just as they always have.
and when most of your investors ask for a specific bit of information? give it to them. otherwise things turn out like they are doing now, and i think this could only be the beginning, but i have a habit of buying up toxic assets so lets see how this goes.
Heeding this advise would set a bad precedent. If a company were to answer a question directly then it would set a precedent that "they answered his question why aren't they answering mine?" Then they get into the dangerous game of always having to provide answers to any questions from anyone. Dangerous path.
I just read this thread back to the last Cryptx update. There are a total of 8 posters who have actually requested updates. It may seem like more because you guys are asking the same thing over and over. To do some math, if you think they should be answering you:
If each of you owned 504 shares of Peta, together, you would account for 5% (4033.7 shares) of the holdings of the company. Now, do you guys own that much? And if you do, I still don't think Peta would jump for your combined 5% holdings. You may say that's bad business, but appeasing 95% of investors is an amazing statistic.
Now what baffles me, is why you come here and keep posting the same questions over and over again.
You, as an investor, have real choices:
A.) Continue to hold your shares and hope for the best.
B.) Sell your shares because you think this is a losing venture.
If I had the same bad taste in my mouth that you guys appear to have I would have sold weeks ago. I don't have that bad taste so I didn't. I also know that Cryptx won't answer posted questions here. There's no precedent for that so there's no reason to ask.
CryptX, a bit of friendly advice. Considering how this space has evolved, where most of the companies fail to deliver, it's pretty important you atleast attempt to communicate with your investors on a regular basis. Ideally not to give them false hope, but just the occasional 'hi', 'lovely weather, we're going to watch the football later, might be able to install some machines tomorrow if they come through'. it goes along way. either that or hire a PR person. 50% yield is a great deal at the moment, but your killing it with your defiance to actually communicate with your investors.
and when most of your investors ask for a specific bit of information? give it to them. otherwise things turn out like they are doing now, and i think this could only be the beginning, but i have a habit of buying up toxic assets so lets see how this goes.
anyways, im most likely about to become one of your biggest investors and i have the following questions.
how are you personally making money from this project if you don't own any shares? are you receiving extra free machines from bitmine based on the deals you have procured? (if you have, this is no problem, you deserve to be making somthing nice from this, but you will need to be transparent about what this is)
How are the PCBs coming along? i understand PCBs take a while, but you said you had three different companies working on designs, how are these companies doing?
How did your meeting with bitmine go? will they be clearing up the backlog or just trying to ramp up delivery for now? with our own production line, could you provide us with the new delivery schedule they have promised?
and politely, why do you check this thread everyday but not answer direct questions? i clearup of your strategy would ease the minds of investors who are worried about your lack of communication.
please understand, in this space, bad news is better than no news. i know that is allot different from how we conduct business in the real world, but this space isn't up to those standards yet.
i would suggest you take some time out to do a QA session with your investors.
i hope you can respond to these questions in a timely matter and im looking forward to being apart of this project
regards,
and when most of your investors ask for a specific bit of information? give it to them. otherwise things turn out like they are doing now, and i think this could only be the beginning, but i have a habit of buying up toxic assets so lets see how this goes.
anyways, im most likely about to become one of your biggest investors and i have the following questions.
how are you personally making money from this project if you don't own any shares? are you receiving extra free machines from bitmine based on the deals you have procured? (if you have, this is no problem, you deserve to be making somthing nice from this, but you will need to be transparent about what this is)
How are the PCBs coming along? i understand PCBs take a while, but you said you had three different companies working on designs, how are these companies doing?
How did your meeting with bitmine go? will they be clearing up the backlog or just trying to ramp up delivery for now? with our own production line, could you provide us with the new delivery schedule they have promised?
and politely, why do you check this thread everyday but not answer direct questions? i clearup of your strategy would ease the minds of investors who are worried about your lack of communication.
please understand, in this space, bad news is better than no news. i know that is allot different from how we conduct business in the real world, but this space isn't up to those standards yet.
i would suggest you take some time out to do a QA session with your investors.
i hope you can respond to these questions in a timely matter and im looking forward to being apart of this project
regards,
Dear Cryptx,
Please heed my advice. I am a total newbie in this space. I have a whopping four posts. I am about to buy most of the shares for sale on Havelock. For some reason, I think this money will go to you. Little do I know, the only way you get my money is by creating Public Offerings to sell to people like me. At that point you create shares out of thin air and sell them to the eagerly awaiting public thereby reaping the rewards.
By the way, I have no idea how you (the company) is planning on deriving revenue from this project. I don't even have the time to read your prospectus or investigate it myself but don't worry I still plan on becoming your biggest fan.
Also, I currently don't own any shares nor do I have any proof that I am going to buy them. But I think you should take my opinion seriously because I'm awesome.
Sincerely,
Do some research
transparency only hurts when people are being misled, when things arn't as what they appear on the surface.
attitudes like that are why people lose money in companies like GOX and Neobee
investors should be able to see exactly what they are putting there money into.
attitudes like that are why people lose money in companies like GOX and Neobee
investors should be able to see exactly what they are putting there money into.
Then you live in a fantasy world. Show me a publicly traded company that is transparent like you're talking about and I'll be quiet.
If you are disheartened by PETA and want out but find yourself without liquidity to sell I would be willing to trade AsicMiner shares 1:15 for PETA shares.
15 PETA Shares of yours to 1 AsicMiner Direct share of mine. I can handle large quantities.
PM if interested, we can work out the details.
15 PETA Shares of yours to 1 AsicMiner Direct share of mine. I can handle large quantities.
PM if interested, we can work out the details.
Great businessman u are lol I think the ratio is more like 10:1 but what the heck it's worth a shot anyway..
looks like were going to be back to pre-ipo prices before the end of the week. id sell my shares if i didn't buy in at 0.12 
Damnnnnnnnn that's gotta hurt!
it does. its just such a shame. this project looked so good. but im with mikemikemike, however much of a kid he sounds he seems to know his shit inside out, and considering he has been the one trying to keep the faith in this project alive, it says allot that he is going. think i might have to sell at a loss. this could have never been the case if we had better investor relations, but its clear cryptx has some deal with bitmine where they are keeping quite a few machines, i mean, think about it, they dont own any shares, how else are they making money?
plus, not updating us about the PCB's when everyone is worrying about them just shows they dont care about us
so much money down the drain
Jeeze guys handle your sh*t. Investing in anything BTC is risky. Production delays have always been the status quo in this space.
I agree that more hardware needs to come online in the mine faster but complaining about it here isn't going to make it happen any faster. It's just going to spread malcontent among the investors and hurt the project.
IMO Peta has done nothing but deliver from the get go. I've never gotten a whiff of scam about this project and I truly believe the managers are doing everything they can to make things happen.
I'm going to continue to hope for a positive update in the future but I also don't see the need of reporting anything if there's nothing significant to report. Transparency can hurt just as much as it can help.
Continuing to hold.
but if everyone asking about the PCBs and cryptx is completely ignoring us, you dont think that sounds like scam? how are they making money? maybe not scam but i dont think they care about us
im going to sleep/ hopefully things look better in the morning
If I am a shareholder of GE and I ask them when how the progress of the Gen 3 120 wind turbine is on an online forum do you think they will issue a statement based on my request?
Unless the Gen 3 turbine is ready to roll into production is it ever in the company's best interest to comment on specific progress? No. Why? Because it commits them to meeting specific deadlines that may be unattainable because there are factors beyond their control.
If I have a team working on developing a product for me and they say "Yea, development is going smoothly, we should be ready to ship in 3 weeks." Am I going to make a statement that I'm going to release this brand new widget in three weeks? Hell no. Why, because the widget still has to be tested (which will result in bugs that need to be fixed which results in extra weeks) then the widget needs to be manufactured in China. Now when the container ship carrying the widgets back to me hits an iceberg and sinks with all my widgets, I still need to wait another 4 weeks to get new widgets made.
Now 3 weeks rolls around and my investors are waiting to hear about my promised roll out of my widgets and I have to tell them, "Well, we just entered the testing phase, and the widgets haven't even begun production yet." Then my share price plummets because I failed to deliver. I could pad this with ", but don't worry, because production will be fully complete in 5 more weeks." Then when the ship sinks with all my widgets I get to make another statement that again causes the share price to plummet.
However, if I just keep quiet and say "Things are progressing nicely." every now and again then my share price stays in relative limbo (for a time) while the public argues about what is going on behind the curtain.
Long and short, not making false promises is far better for a company than promising and failing to deliver. I never invested because of the "custom hardware" they were making. Knowing how custom hardware design and production goes, if they delivered that, it was icing on the cake.
If you are disheartened by PETA and want out but find yourself without liquidity to sell I would be willing to trade AsicMiner shares 1:15 for PETA shares.
15 PETA Shares of yours to 1 AsicMiner Direct share of mine. I can handle large quantities.
PM if interested, we can work out the details.
15 PETA Shares of yours to 1 AsicMiner Direct share of mine. I can handle large quantities.
PM if interested, we can work out the details.
Great businessman u are lol I think the ratio is more like 10:1 but what the heck it's worth a shot anyway..
looks like were going to be back to pre-ipo prices before the end of the week. id sell my shares if i didn't buy in at 0.12
Damnnnnnnnn that's gotta hurt!
it does. its just such a shame. this project looked so good. but im with mikemikemike, however much of a kid he sounds he seems to know his shit inside out, and considering he has been the one trying to keep the faith in this project alive, it says allot that he is going. think i might have to sell at a loss. this could have never been the case if we had better investor relations, but its clear cryptx has some deal with bitmine where they are keeping quite a few machines, i mean, think about it, they dont own any shares, how else are they making money?
plus, not updating us about the PCB's when everyone is worrying about them just shows they dont care about us
so much money down the drain
Jeeze guys handle your sh*t. Investing in anything BTC is risky. Production delays have always been the status quo in this space.
I agree that more hardware needs to come online in the mine faster but complaining about it here isn't going to make it happen any faster. It's just going to spread malcontent among the investors and hurt the project.
IMO Peta has done nothing but deliver from the get go. I've never gotten a whiff of scam about this project and I truly believe the managers are doing everything they can to make things happen.
I'm going to continue to hope for a positive update in the future but I also don't see the need of reporting anything if there's nothing significant to report. Transparency can hurt just as much as it can help.
Continuing to hold.
thanks all for the "theories"
I've seen it myself when I entered my second batch of purchases how the price was going up and up (right before the over 0.1 increase). So I get the overall picture. I must agree with the general feeling of Cryptx not giving much updates. I understand that he doesn't want to be hold liable for promises that could go wrong (promises from the manufacturers) but still... he did it few weeks ago with the 700 TH/s announcement, and we are still far from it.
With the current price it is quite inviting to purchase more. The BTC/$ rate could stay longer like this, go down or up, but if we can get the TH to actually get where it should be, I would be less concerned about the costs.
Also, with the price so low, it make an additional barrier (psychological) to not sell shares now and hold further.
Oh boy, I'm the worse poker player around... I just want to go and "see" the figures once all TH (or a big part of it) it's deployed
I've seen it myself when I entered my second batch of purchases how the price was going up and up (right before the over 0.1 increase). So I get the overall picture. I must agree with the general feeling of Cryptx not giving much updates. I understand that he doesn't want to be hold liable for promises that could go wrong (promises from the manufacturers) but still... he did it few weeks ago with the 700 TH/s announcement, and we are still far from it.
With the current price it is quite inviting to purchase more. The BTC/$ rate could stay longer like this, go down or up, but if we can get the TH to actually get where it should be, I would be less concerned about the costs.
Also, with the price so low, it make an additional barrier (psychological) to not sell shares now and hold further.
Oh boy, I'm the worse poker player around... I just want to go and "see" the figures once all TH (or a big part of it) it's deployed
Being a shareholder myself, I too would like to see more updates although I try to remind myself that in the "real world" companies only give quarterly reports to shareholders. Granted I see the project being in a fairly crucial phase right now where more regular updates would be nice but what would you like from something like a daily update?
i.e.
Day 1 - No delivery today.
Day 2- No delivery again.
Day 3- 10 desks arrived today, online.
Day 4 - No delivery.....
Anyway, I'm still confident in the project although I do hope that CryptX is keeping tabs on other rig producers for future reinvestment.
Any word on Peta striking out on it's own? With the exception of yesterday, Peta has been finding a block a day which is better than the current payout per day on Eligius.
Is there anything we gain from Eligius other than a nice UI and the potential continued payout when the Peta miners are unlucky?
If Peta had been mining on it's own it would have pulled down 150 BTC in the past week versus the ~100 BTC paid out by Eligius.
Is there anything we gain from Eligius other than a nice UI and the potential continued payout when the Peta miners are unlucky?
If Peta had been mining on it's own it would have pulled down 150 BTC in the past week versus the ~100 BTC paid out by Eligius.
Lets get people saving elephants with Elephantcoin.
+1Concerning the 128 MHZ vs 150 MHZ issue maybe the internal PLL has stability problems at different frequency's.
I hadn't thought about that, but it's possible and perhaps it's tuned for higher frequencies then I'm currently using. We'll see pretty soon. After I get a few more chips mounted I'll add a heat sink and bump up the clock. I think my plan is to add one more on the same bank, and then after that two more on the opposite bank.Isn't the GetWork protocol deprecated anyway? Not that it shouldn't work, but I thought stratum was the preferred protocol.
****
I pushed new updates to github earlier with some small tweaks.
The firmware now takes clock cfg values from 256 up to 900. They are double-the-mhz rate so that's 128 - 450 MHz (not that you can run at 450 but the PLL on the ASIC accepts values that high). The code now detects when <500 and sets the half-clock bit when below. It also excludes 451-499 (ie. 225-249 MHz) by forcing to 450 since the PLL doesn't support that range.
In my RL job, I previously worked on a project where a PLL was throwing our whole system out of whack. The problem was that it would lock about 50 percent of the time so we would get intermittent valid data with occasional garbage. After thoroughly tracing out various components we observed that there was an unusual amount of noise getting into the PLL thereby causing it to lose it's lock occasionally. This was compounded by there being varying degrees of noise for various frequencies. Once we filtered these out we were able to maintain a continuous lock and produce clean data.
PLL might be a good place to start looking. Just make sure your PLL maintains a good lock.
Re: [Group Buy] BFL 4 GH/s Chips - .57 btc per chip: 3046 available (454 sold)
If i buy 3 of these how can i get them as a hardware ? I mean how do i get those chip work properly ?
or add chips to Jal pcb.
ps:not easy to do by yourself with BGA chip.
Good luck getting a third chip onto the board without de-soldering the other two. Then, once you have it running, good luck keeping it cool enough to not melt the traces.
Wouldn't it be feasible to mount these chips on some ASICMiner Block Eruptor-like USB Stick?
Power downsumption should be manageable (< 15watts!?) heat dissipation... maybe?
Perhaps but there's currently a lot of "larger" support chips required in the BFL design to manage communication and queueing with all 16 engines. These could probably be designed down or out if only using one chip. The current spec doesn't even come close to using all the pin outse. Power downsumption should be manageable (< 15watts!?) heat dissipation... maybe?