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I think they actually mean Friedcat is lost in the mining farm, its that big,
This corroborates an earlier statement, which indicated the hashes were "out of control". |
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Gamblers feel most alive when the dice are dancing on the table, and their financial ruin is imminent...
...blah.
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Right now it's chinese-new-year holiday, I don't want to do that, but if no updates
after two weeks,I may call him.
If you do, please make it clear that most of the shareholders are concerned, disillusioned , and in need of some facts. |
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Guys...if you got the reinvestment fund paid out as a one-time dividend, it would amount to 0.0046BTC/share. CryptX is offering 0.00684BTC/share; this leaves about 0.0023/share from hardware sale, which would be a total of about 67BTC or >$20,000 (if they can actually sell them for this price). Once there is no hardware and no reinvestment fund, the shares have no value, so don't pretend that you could have your cake and eat it too by getting the reinvestment fund back and ALSO selling your shares to some unsuspecting noob.
And if you're not happy with that arrangement, you can always "reinvest" your reinvestment fund in AMHash.
The bottom line is, this is fair. We took a gamble on a Scrypt mining security, lost money, and now have to make tough decisions. I don't see how anyone could call this a scam.
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Dear Unit Holders,
First,
Update about this week's dividend payout:
We will pay 100% dividend this week because of the results of the vote (see below).
Calculation:
4.8435852348 BTC in total from converted altcoins
- 0.46637754 BTC as dividend (0.00001584 BTC/share)
- 4.37720769 BTC as hosting fee
Second,
Results of the vote:
57% of all weighted units have cast their vote:
- Payout a one time dividend from hardware sale and reinvestment funds: 44%
- Convert each Scrypt unit to 6 AMHash3 units: 46%
- Keep mining with the Scrypt mine: 10%
These results indicate that a vast majority of unit holders wants to either receive a one time dividend or convert their Scrypt units to AMhash3 units.
Therefore we will meet both options with the following scenario:
- We place a bid for Scrypt units of 0.00684 BTC during 1 week, ending on Friday 26th of December at 11:00 GMT. Unit holders have the opportunity to sell their units at this price until then.
- After this deadline, trading will be halted and all remaining Scrypt units will be converted to AMHash3 units. Converted units will automatically appear in your Havelock account. After the conversion, Scrypt will be delisted from Havelock.
Thank you,
Team CryptX Nice, I'm glad there are two options here at the end. |
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I have a board with dead chips hashing at 126.53GHs (138.24GHs expected). This falls within the free replacement zone. How do we get a board replaced?
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Hey guys, on the Test Status, what do these periods and hyphens mean? Is there anything I can do to correct this or are those chips just dead?  The dashes have been there since first boot, the period showed up later. |
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Post man just dropped off my Tube. Very nice re-packing job Canary! Thanks
Mine too! Woot woot. |
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Shareholders be lurking like:  Full disclosure: I am a shareholder. |
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So you're still waiting on the missing screws / wires / thermal pads before shipping out?
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Take this for what it's worth:
PetaMine divs per share from the last 7 days = 0.00008705
(0.00001245+0.00000924+0.00001195+0.00001658+0.00001244+0.00001294+0.00001145)
For one share of Scrypt-X, we'd get 5 shares of Peta, so weekly becomes 0.00043525
(0.00008705 * 5)
This week's Scrypt-X share was only 0.00009065/share, or ~21% of the Peta equivalent divs.
(0.00009065 / 0.00043525)
A one time payout of 90.5 BTC comes to 0.003074 / share.
Here's my opinion of how the options rank:
(2) or (3) > (4) > (1)
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I'm in. Txid: 04d74b6e0ba4306c82c33ca50b57f485a904c44ddfa3e126e1c9528d6ad16fcd
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This might be a dumb question, but does this need a computer / mining software to run? Or can I just plug the ethernet cable into my router and start hashing?
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Would this have to connect through a computer with software, or would it work to wire the ethernet cable to a router? (Sorry, I haven't been keeping up with the finer details of mining...)
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I'd still kind of like one, just for the mystique of it as a piece of bitcoin history. Anybody out there have free electricity want to host one for me and keep any profit it earns over cost?  |
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At 0.9 J/GH, a full miner would come out to 720-765 Watts, correct? Using 800 GH/s and 720W over at https://bitcoinwisdom.com/bitcoin/calculator shows me that network growth would have to average only 10% in order to turn a profit. (This is assuming it takes 20 days from today to start hashing). I'm on the fence. |
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I would love to see something like this, only with two additions:
1) A small LCD display
2) A hardware button
The reason being (and correct me if I'm wrong here), with the current model you have to trust the POS terminal to request payment for the same amount that its display shows. What if a POS terminal is hacked / modified to request larger payments than the display shows? Or what if malicious persons set up secret hotspot terminals to steal bitcoin from accidental proximity?
What I'd like to see is a two-pass system: one wave "receives" transaction data from the terminal, and displays the requested payment amount on the LCD screen suggested in point 1. If you'd like to confirm the payment, you simply press the button mentioned in point 2 and a second wave will "send".
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Any chance of getting some updated data?  |
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was also based off starting with 10GH online.....they only started with 3GH since IPO did not sell out
Exactly, that's why I divided the weekly div projection by 100,000 instead of by the actual number of shares sold (29,438). |
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