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Hate to be a downer here, I love the new share price and everything, but the announcement doesn't actually mean much. Looking at the deployment schedule it seems like it's going to be a long time before each share actually has 8.68 gh/s per share. And at some point with reinvestment it would have anyway. I love the fact that cryptx has obviously put in a huge effort to make that happen sooner, but it seems a little misleading to announce that as each share's worth, as it will be a while before each share is worth that.
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Woah. That is pretty good news. I knew I was right for believing in this  |
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@Cryptx, that's a tactic by rdyoung to get cheap shares.
It didn't work.
Seriously You think I did this to push shares down? I did this to flex and strengthen my sheet skills, years ago I could program a spreadsheet with my eyes closed, but its been awhile and my skills are a bit rusty. Next time I will make it a private sheet so I can avoid this crap. If you go back and look at other EPS estimates to get PE ratio, they are close to what I came up with. And as I have said I don't have enough information to get more accurate. When I have the time I will try and add a decrease in difficulty jumps over time as well as an increase in usd/BTC. Looking as longterm as the sheet does, using an average increase of say 10% would provide a more accurate forecast. NOTE: I never said this spreadsheet was accurate. What it does is help provide a window into what could be. Instead of looking 1.5 years out, you can see what it will be like in a few months as the difficulty keeps increasing at the current rate. I don't think you did that, and I found it very useful, so thanks. |
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that been said, I was thinking the last few days about the behavior of other people, this IPO have a voting share right, I see that I don't agree with most of you, and I also see that Cryptx will have a tough time operating this operation when some bitch about every small detail (get rich right tonight with these scam coins), therefor I was selling my shares slowly (yes I was the one bringing the price down to 0.055).
just cashed the last shares after reading comments over here, 20% profit is acceptable for me, and good luck everyone with the merged mining and all other matters.
I hope you will come back. Normally, variety of points of view helps to make good decisions. By the way, voting power depends on the number of shares you own so don't give up too early  Yes, pushing you out was the last thing I expected from my comments, I'm sorry if I offended you, I thought we were just discussing options. |
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1. I agree that merged mining is a nice idea. But surely it is NOT priority. Priority is to build efficient farm and then to reinvest in cost effective and fast way. When and only when this is done and works in a way that allows for some spare time (for CryptX that is) they could turn to merged mining or other interesting ideas. 2. There are some interesting posts by Zefir on official Bitmine forum https://bitcointalk.org/index.php?topic=291141.1440 regarding what's going on at Bitmine and with development of alternative PCBs On the contrary. 1 the extra coins would give income to support the growth of the farm. 2 as I posted before setting up p2pool is trivial for anyone with IT experience/knowledge. Again, considering they are concerned about the % of the network they control and the fact that merged mining only costs the time needed to set it up it seems the only logical way for them to go. as I always say, if you are not happy with the business model of this operation you can simply sell your shares, I am sure plenty of people out there will buy them at a discount, I for sure would buy them at the IPO price... Merged mining = Supporting Scam coins, therefor I am against it by principal, add to that it is an additional work for Cryptx and waste of valuable time and energy that should be invested somewhere else... and I am sure many other share holders agree with me on this. Well your principle is wasting us all money. I do not agree with you on this. I doubt there are many things Cryptx could spend time on that would increase revenue more at this stage. There are only two machines at the data centre so there isn't much to do, and it's not like it would even take that long! The sooner it's done the more we gain in the long term due to the compounding effect of having more money to bring in more hardware. |
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Would you accept non-btc investment? I would be willing throw a big chunk of money your way but not tied to btc prices for a business that operates primarly in flat currency.
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This is great news.
But I still think we deserve the 20% extra for Feb. Especially considering you're meant to have free miners as we're from the December batch.
nothing has been said either way yet, but I think it's worth noting. Of course, I also think the extra 20% should hold, but if it is the case that there are some "free" compensatory miners, then let's just hope for a nice surprise when everything is up and running and we get a nice proper announcement to the effect that all miners are in place, plus a bonus... give it time and we shall see what happens next week Cryptx Do we know how much hashing power is supposed to be delivered next week? We received our first 2 out of 30 TerraMiners today and are hashing at an average of about 1.6TH / system, a next batch is already under way and according to tracking will arrive on Tuesday. A next batch could mean the same number as before (2) or it could mean more. It seems all he has is a tracking number. First miners from Bitmine will also arrive next week. This also implies a batch of =/>2 So my guess is at least 2 of each, but hopefully more! Thanks, but thats a conclusion I could have reached on my own. I directed the question to cryptx because I am curious if they know how many machines are arriving on tuesday. I am also curious as to the # of machines bitmine has ready for them to pickup. Sorry, I know, I just thought cryptx was unlikely to respond, wasn't trying to demean you in any way. It is definitely a question worth asking, but cryptx does not seem to answer many questions. |
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This is great news.
But I still think we deserve the 20% extra for Feb. Especially considering you're meant to have free miners as we're from the December batch.
nothing has been said either way yet, but I think it's worth noting. Of course, I also think the extra 20% should hold, but if it is the case that there are some "free" compensatory miners, then let's just hope for a nice surprise when everything is up and running and we get a nice proper announcement to the effect that all miners are in place, plus a bonus... give it time and we shall see what happens next week Cryptx Do we know how much hashing power is supposed to be delivered next week? We received our first 2 out of 30 TerraMiners today and are hashing at an average of about 1.6TH / system, a next batch is already under way and according to tracking will arrive on Tuesday. A next batch could mean the same number as before (2) or it could mean more. It seems all he has is a tracking number. First miners from Bitmine will also arrive next week. This also implies a batch of =/>2 So my guess is at least 2 of each, but hopefully more! |
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Wow, this is awesome news, I've got so tired of waiting to hear about the acquisition I stopped checking this thread. Sure am glad I invested when I did.
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Fantastic news!
But still, now that we have something hashing can we discuss merge mining?
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Why not mix mine? Will this mine only mine Bitcoin, or will/could they also mine the other SHA256 altcoins?
Only btc. why? Why not? They could mergemine and sell off the coins for extra profit. Its an extra 2-3% depending on exchange rates. This. And it fluctuates depending on the prices of the other coins. So there's a chance it could be more. Yea I don't understand why you wouldn't do that, are there any downsides to it? |
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Will this mine only mine Bitcoin, or will/could they also mine the other SHA256 altcoins?
Only btc. why? |
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I think given the late start we should increase the reinvestment percentage, at least temporarily. Otherwise we are sitting on a dead duck.
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read topics on here loads of times through google searches, finally made an account
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I'm checking out some minings pools on here. April is a long way away but I have money to invest at the moment as well. Buying my own gear seems like a better option it's just a scarier prospect. I guess I just got to bite the bullet. Thanks for your help.
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I have some money coming my way in April, I want to invest it in a mining rig. I bought a BFL Jalapeno a while back but it probably won't ship for months. Avalon seems to be a lot more reliable from what I've heard but their website is confusing. I was thinking of trying these guys http://www.kraterminer.com/ and wondered if anyone had any experience of them or has any advice. Also wondering if it's possible to just invest in someone else who'll do the mining, are there any pools that take investment? |
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