The PetaMine shareholders vote to dump GHash for P2Pool

I never mined the Bitcoin or other alt. I'm investing into Petamine just to fight against CEX/GHash.IO

Worst case I'll lose a few money or make nothing. Best case I'll make a few bucks.
But on the both cases I'm supporting the network against mining centralization. For the first time I feel doing something great for the Bitcoin eco-system.
edit: supporting the fact they are considering going for p2p pool. I want them do it. Else I'll leave them.
submitted by GaaraBits to Bitcoin [link] [comments]

CRYPTX TO OFFER NEW PETAMINE IPO, WILL CLAIM 2% OF BITCOIN MINING MARKET WITH NEW HARDWARE, 1,500 TH/S HASH RATE

submitted by vaguhs to Bitcoin [link] [comments]

Bitfury changes for P2Pool

Bitfury changes for mining on P2Pool.

1) Edit your /opt/bitfury/chainminejobconnect.cpp file, change line 16 to match your prefered P2Pool URL.

To set login and password, follow punins advice:

2) At your shell prompt, type the following command
echo -n username:password | base64 
3) Now copy and paste the string and replace the one after "Basic". (line 16)
4) Save the file and just write: 'make' (you have to cd into /opt/bitfury/chainminer)
5) Do not forget to backup jobconnect.cpp

Restart your miner after making changes, remember that the proxy is ignored, so the web-interface pool settings can not be used.

submitted by m0gliE to Bitcoin [link] [comments]

What the heck is up with PETA?

They pay dividends. Their hashrate tripled like they said it would, what's the issue?
submitted by STEVERODGERS to BitcoinStocks [link] [comments]

A few thoughts - Sunday, June 15, 2014

Good morning! I'm not writing that much this weekend because, if things go well, our pool will reach feature-completion at the end of the day. I'll announce to see if anyone is interested in joining during a proof-of-interest and testing phase in a few weeks.

Brilliant PR

Petamine recently left GHash.io and moved their miners to P2Pool, which is a brilliant PR move. I need to write down that whenever there is a villian, there is a way to make yourself look like the hero. In this case, they are probably raking in more customers in the past 24 hours than they did in the entire month before that.
What's interesting, however, is that what is happening is simply that people are creating pools on P2Pool. This is a stopgap measure, because the P2Pool difficulty rises along with the bitcoin difficulty. In a year, finding a P2Pool share will be as difficult as finding a bitcoin block is today, so we could end up with a pool dominating the P2Pool network.

GHash.io controversy is blowing over

The GHash.io controversy is blowing over. As you can see, GHash.io's hashrate is declining, and people are changing pools. Note that the pool never conducted any attack and that it is disputable that it even reached 50% at all.
People who were panic selling don't recall that this has happened at least twice before that I can recall, with both the BTC Guild and GHash.io. Unless "it's different this time," the same thing is generally going to happen. And there really isn't anything that was different this time, except that a long squeeze coincided with the controversy.

This was a long squeeze

What happened to the price over the past few days was a long squeeze. I'm not convinced there was anything more complicated to it than that. It's easy to place blame for the price fall on any of the events that happened over the past few days, but those events had only a minor impact.
What I think happened is that, on Tuesday or Wednesday, people in the know found out about this impending sale and started getting out. The price started moving downward for an unexplained reason, and so smart people figured out that there was something they didn't know and sold too. When the sale was announced, a few more people sold, and that triggered margin calls, crashing all the way down until most of the people who were 2.5:1 or greater were wiped out. The GHash.io controvery didn't come to a head until after all the people trading on margin had been destroyed already.
If you agree with me, then a long squeeze is certainly not a reason for panic and worry, because it doesn't affect any of the bitcoin fundamentals.

There are people on the other side of the screen

There are several people who were sending me messages and making posts in various places trying to get my attention yesterday. While I welcome criticism, the discussion at /bitcoinmarkets yesterday was deplorable. There are real people on the other side of the screen. I'd like to see some of those people walk up to me or the other people they were railing against and say the sort of things they were saying to someone's face. If they acted the way they did in a restaurant or a public venue, they would have been thrown out.
I will not respond to people who use profanity and personal attacks against me or others. That is not acceptable behavior, and I will not respect people who have no respect for others. I permanently ignored three people who did engage in such attacks yesterday.
I also need to state that you cannot have a civil discussion unless everyone is correctly representing the viewpoints of the people they are discussing. I clearly said that I do not believe in debt, even for houses, which is probably a controversial opinion itself. People who are stating that I suggested buying on margin are lying. Others are lying that I said that this bubble has somehow aborted or ended. Finally, I made it clear that I spent what was at the time about 2% of my wealth on bitcoins, and that I now have about 6% of net worth as bitcoins (it would be about 12% but the stock market has risen so significantly). People are lying that I have huge amounts of money in bitcoins.
Finally, and this confuses me the most, people are spreading a particularly strange lie that I told them to buy bitcoins when they were worth $680. I made clear many times that I put in a lot of money at the low of $440, I repeatedly said that I had a lot of money in the bank ready to invest at the time, and I have not held any bitcoins I bought since then because I have reached my maximum exposure and do not ever plan to hold any more.
Instead of lying, read what I have to say carefully and don't infer things that are not stated in the posts.

This bubble will continue

The next two weeks are going to be interesting. At some point, the price is going to begin to rise in anticipation of this auction. I like the predictions that the higher prices fetched for the auction bitcoins is going to start what moral_agent would refer to as the last phase of this cycle.
This makes sense in terms of psychology. If a particularly high number comes out of the auction process, and I believe it will for the reasons I stated yesterday, then people will be shocked that Wall Street believes that bitcoins are worth so much. The price will probably rise above what Wall St pays for the bitcoins at auction as people realize that if Wall St is willing to pay 25/50/whatever percent greater than market value, then bitcoins must be worth far more.

Other

submitted by quintin3265 to BitcoinThoughts [link] [comments]

How can one spend $5 in bitcoin?

I'd like to make a list of things people can do with a small amount of Bitcoin (say $5 equiv. or less).
Things that came to my mind so far:
Any other ideas?
Update:
submitted by DoUHearThePeopleSing to Bitcoin [link] [comments]

CryptX newest direction. What do you think?

Dear Unit Holders,
Details about this week’s dividend payout: 238.20516505 BTC in total from mining and converted NMC’s
As we are constantly monitoring the evolution and changes happening in the Bitcoin eco-system and accordingly need to adapt to these changes to maximize unit holders revenue we like to propose the following changes:
*Convert the outstanding loan of 342.9 BTC to 4,650 PetaMine units (or 0.0735 BTC/unit) which brings the total outstanding units to 82,142.
*Change the dividend payout to 100%. This gives the opportunity for everyone to choose their own reïnvestment level by purchasing additional units with their dividend.
*Do a reverse split were each unit will be replaced by 14 shares, so 1 unit represents 1 GH/s of hashing power.
*Pay dividends every day at 12:00 GMT.
We are issuing a vote whether or not to switch to implement these changes. The vote will only be valid for current unit holders and held until Thursday, July 9 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will make the changes to the PetaMine.
Click the link below to place your vote:
submitted by liquidify to Bitcoin [link] [comments]

My email to Peta-mine, feel free to copy and paste

Hello:
I sent you an email yesterday asking to confirm you're pointing your miners away from Ghash.io and received no reply. I have XXX shares with Petamine.
If you don't reply in the next day or so, or you reply saying you're still mining with Ghash, I will sell them.
If you confirm your miners are pointed at p2pool, or any other pool (and provide even a modicum of evidence to that effect), I will buy more.
I'm also posting this on the reddit Bitcoin forums.
Have a nice day.
submitted by Piper67 to Bitcoin [link] [comments]

PETA - proposed changes

From today's dividend payout email:
As we are constantly monitoring the evolution and changes happening in the Bitcoin eco-system and accordingly need to adapt to these changes to maximize unit holders revenue we like to propose the following changes:
· Convert the outstanding loan of 342.9 BTC to 4,650 PetaMine units (or 0.0735 BTC/unit) which brings the total outstanding units to 82,142. · Change the dividend payout to 100%. This gives the opportunity for everyone to choose their own reïnvestment level by purchasing additional units with their dividend. · Do a reverse split were each unit will be replaced by 14 shares, so 1 unit represents 1 GH/s of hashing power. · Pay dividends every day at 12:00 GMT.
We are issuing a vote whether or not to switch to implement these changes. The vote will only be valid for current unit holders and held until Thursday, July 9 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will make the changes to the PetaMine. *
What would be the implications for dividends?
submitted by ozbogulous to BitcoinMarkets [link] [comments]

PETA updates: vote to change reinvestment and share model

PETA has just issued another interesting update on Havelock Investments. A change in the reinvestment and share model is suggested and will be voted on by shareholders. Below is the update:
Dear Unit Holders,
Details about this week’s dividend payout: 238.20516505 BTC in total from mining and converted NMC’s
As we are constantly monitoring the evolution and changes happening in the Bitcoin eco-system and accordingly need to adapt to these changes to maximize unit holders revenue we like to propose the following changes:
· Convert the outstanding loan of 342.9 BTC to 4,650 PetaMine units (or 0.0735 BTC/unit) which brings the total outstanding units to 82,142. · Change the dividend payout to 100%. This gives the opportunity for everyone to choose their own reïnvestment level by purchasing additional units with their dividend. · Do a reverse split were each unit will be replaced by 14 shares, so 1 unit represents 1 GH/s of hashing power. · Pay dividends every day at 12:00 GMT.
We are issuing a vote whether or not to switch to implement these changes. The vote will only be valid for current unit holders and held until Thursday, July 9 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will make the changes to the PetaMine.
Click the link below to place your vote: https://www.surveymonkey.com/s/XNHGBBB
Team CryptX
Link to PETA's HI page (for verifying the update): https://www.havelockinvestments.com/fund.php?symbol=PETA
A bit puzzling that the current units will be converted into 14 ghs instead of 15 ghs (as the current shares are). Also, there is no choice to agree or disagree with parts of the new plan, it is either yes or no. I, for example, disagree with the last point about daily dividend payments but there's no way to vote against it.
submitted by dnivi3 to BitcoinStocks [link] [comments]

PETAmine Update

Dear Unit Holders,
Details about this week’s dividend payout: 238.20516505 BTC in total from mining and converted NMC’s
As we are constantly monitoring the evolution and changes happening in the Bitcoin eco-system and accordingly need to adapt to these changes to maximize unit holders revenue we like to propose the following changes:
· Convert the outstanding loan of 342.9 BTC to 4,650 PetaMine units (or 0.0735 BTC/unit) which brings the total outstanding units to 82,142. · Change the dividend payout to 100%. This gives the opportunity for everyone to choose their own reïnvestment level by purchasing additional units with their dividend. · Do a reverse split were each unit will be replaced by 14 shares, so 1 unit represents 1 GH/s of hashing power. · Pay dividends every day at 12:00 GMT.
We are issuing a vote whether or not to switch to implement these changes. The vote will only be valid for current unit holders and held until Thursday, July 9 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will make the changes to the PetaMine.
Click the link below to place your vote: https://www.surveymonkey.com/s/XNHGBBB
Team CryptX
Thank you for investing with Havelock Investments! https://www.havelockinvestments.com
submitted by burnafterusing to Bitcoin [link] [comments]

Petamine willing to move to P2Pool

Just received this email from Petamine.
They are willing to switch to P2Pool, which would be a big boost for P2Pool, and help decentralized mining, as well as being the first (to my knowledge) cloud service to switch. I bought PETA shares just to vote yes on this. If you own PETA shares, vote for the move to P2Pool.
Dear unit holders,
Details about this week’s dividend payout:
337.48511399 BTC in total from mining and converted NMC’s
We announced to further examine and experiment with p2pool last week. We have set up our own p2pool node ( http://pool.petamine.co:9332/static/ ) and after several days of testing we can confirm that it is running stable and are ready to direct the entire PetaMine to p2pool.
Therefore we are issuing a vote whether or not to switch to p2pool. The vote will only be valid for current unit holders and held until Wednesday, June 25th 2014 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will direct our hashrate to p2pool.
Click the link below to place your vote:
https://nl.surveymonkey.com/s/5KVLXD3
Take a look at our public p2pool node (0% fee, so you are welcome to join):
http://pool.petamine.co:9332/static/
Important issues to consider:
A small pool has much more variance, which has a direct effect on block finding and payouts. Currently p2pool has a pool hashrate of 600 TH/s, together with PetaMine the pool rate would rise to about 1.8 PetaHash. The variance of finding a block with p2pool will be much higher than our current pool ghash.io.
Our node will merge mine Namecoin but as p2pool does not support combined merged mining with other nodes, our node will solo mine Namecoins.
We look forward to your vote and to help making bitcoin mining more decentralized.
Team CryptX
submitted by wretcheddawn to Bitcoin [link] [comments]

Coby - To nisam bio ja - YouTube CNBC - YouTube Journal du Coin - YouTube

Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/Bitcoin. log in sign up. User account menu. 0. PETAmine Update. Close. 0. Posted by. u/burnafterusing. 5 years ago. Archived. PETAmine Update. Dear Unit Holders, Details about this week’s dividend payout: 238.20516505 BTC in ... Today CryptX is proud to announce the Bitcoin mining project PETA-MINE. The PETA-MINE is a hosted mining project with a capacity of 1,000,000 GH/s or PetaMine shareholders vote to dump GHash for P2Pool Few mining pools have provoked as much resentment and outright anger as GHash. When the CEX.io-owned pool crossed 51% of the total bitcoin network hashrate last month, it did more than crash the price – it made many in the bitcoin community realize that the dreaded “51% attack” scenario wasn’t as implausible as some experts had claimed. In June, behemoth bitcoin-mining pool GHash.io briefly gained more than half of the total network hashrate, a move that caused many to question just how secure bitcoin’s much-touted decentralized network really was. The situation was a wake-up call for many, as it meant that the long-hypothesized “51% attack” wasn’t as implausible as many experts had […] Read More BitFury announces ... CryptX bietet neuen PetaMine IPO mit 2% Anteil am BTC Mining-Markt an. CryptX, ein Unternehmen, das gehostete Virtual-Currency-Mining-Plattformen entwickelt und plant, kündigte neue Updates für sein PetaMine-Projekt an. CryptX mit Sitz in Brüssel, Belgien, plant die Bereitstellung zusätzlicher 1.000 TH / s für eine gehostete Bitcoin-Mine namens PetaMine, die derzeit eine Hash-Rate von 500 ...

[index] [3172] [3] [5513] [22885] [37239] [41563] [29113] [8340] [41065] [35821]

Coby - To nisam bio ja - YouTube

2013 Video by - Biskoteka Muzika by - Coby Welcome to the official YouTube channel for CNBC. From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has... What Really Happened To CJ SO COOL While Shopping At The Mall Was Terrible But At Least I'm Still Alive To See Another Day! SUBSCRIBE TO ENTER GIVEAWAY! Sign up for Private Internet Access VPN at https://lmg.gg/pialinus2 Check out the Thermaltake A500 case on Amazon at https://lmg.gg/tta500 It’s a shame that ... Gossip Room est une communauté sur les réseaux sociaux, créée il y a 7 ans, qui regroupe aujourd’hui des millions de passionnés d’actualité TV, people, série...

#