[LTC-GLOBAL] CIPHERMINE Industrial Cryptocoin Mining & High Perf. Computing

[dexX7]

CIPHERMINE doesn't specifically mine Litecoin, and in fact, has many BTC ASIC miners on order (and some deployed); therefore, shouldn't CIPHERMINE's value be going up when LTC/BTC goes down? Are investors pulling out of CIPHERMINE because of the drop in Litecoin value (and they want their BTC back)?

Good time to buy or solid security in a dying marketplace (LTC-GLOBAL) denominated in an alt-coin in long-term decline?

Are there contingency plans to move CIPHERMINE over to a BTC-denominated marketplace in case LTC-GLOBAL and/or litecoin go belly up?

Kate mentioned she is in negotiations to start a PT on BTC-TC.

Also:

A quick update: the recent mass sales have been almost entirely a lone very early-stage investor deciding to liquidate a fraction of their significant CIPHERMINE holdings. I therefore do think that the price suppression is temporary and am in discussions with the investor to see if I can help (I am, after all, starting to buy some back now). I shall keep you apprised as much as he deems acceptable.

https://forum.litecoin.net/index.php/topic,4582.msg42170.html#msg42170

[Duffer1]

Are there contingency plans to move CIPHERMINE over to a BTC-denominated marketplace in case LTC-GLOBAL and/or litecoin go belly up?

Section 7 of the (pdf warning) business plan:

7.1
ŁTC collapse
Should ŁTC collapse then we will do the following:
1.  If GPU mining is no longer cost effective we shall end of life our GPU mining rigs (sell them)
2.  Work with LTC global to migrate CipherMine's shares across to its sister exchange, BTC Trading Co.
1.  In this scenario it is our hope that all shareholdings can be reconstituted; we keep backups of the shareholder reports we get from LTC Global which will assist with this.