In my opinion the third one is the correct one.
The first one is not exhaustive: you imagine it will go on with $\frac{1}{16}$, but it may as well be of the form $\frac{1}{2}+\frac{1}{4}+\frac{1}{8}+0+0+\cdots$.
In the second one you are assuming $0\
otin \mathbb{N}$, which is not exactly standard, as Peano axioms put $0$ in $\mathbb{N}$.
For the fouth one, the precise form could be $$\lim_{y\to\infty}\sum_{x=1}^y\frac{1}{2^x},$$ which actually is the definition of $\sum_{x=1}^{\infty}\frac{1}{2^x}$.