[BTC-TC] CryptX introduces the PETA-MINE - 18,000 CHIPS IN SEPTEMBER/UPDATE

[dhenson]

Status Update

- We are still in the process of applying for a listing on Bitfunder (also looking at other alternatives like cryptostocks, picostocks, havelock).
- More info about deployment of first 20TH will follow later

We apologise for any delay in info as we are focussing on finishing assembly of boards and further deployment as fast as possible.
Comments on preferred exchanges are welcome. Our preference goes to Bitfunder, but application is taking a long time. We expect listing on cryptostocks won't take long but are not really familiar with the people behind it and if the platform is stable / trusted.

Anyone else read into this that they are currently hashing?

[1713908304]

1713908304

[1713908304]

1713908304

[soptik]

Status Update

- We are still in the process of applying for a listing on Bitfunder (also looking at other alternatives like cryptostocks, picostocks, havelock).
- More info about deployment of first 20TH will follow later

We apologise for any delay in info as we are focussing on finishing assembly of boards and further deployment as fast as possible.
Comments on preferred exchanges are welcome. Our preference goes to Bitfunder, but application is taking a long time. We expect listing on cryptostocks won't take long but are not really familiar with the people behind it and if the platform is stable / trusted.

Havelock or cryptostocks.
Cryptostocks seems to have the same people behind as vircurex exchange.

[hashforce]

Havelock would be my preference.

[hephaist0s]

I'd vote Havelock, also.

[dhenson]

Cryptx,

I realize that you are busy dealing with board deliveries etc. from the discussion in (https://bitcointalk.org/index.php?topic=294735.0;topicseen).

1) Could you give us an update on the 20TH mine?  It's my impression that the board deliveries are taking precedence over the mine creation.  Or are these two projects being worked on by separate teams independently?

2) Are the profits from the current hardware sales going towards dividends as stated in the PETA-MINE details?

CryptX will provide the following services to shareholders:

A hosted Bitcoin mine with a capacity of 1,000 TH/s: This mine will earn Bitcoins. The company will pay 65% of net Bitcoin revenue to shareholders in the form of a dividend.
Regular expansion of the PETA-MINE: 35% of net Bitcoin revenue will be reserved to deploy additional TH/s.
Hardware sales: CryptX will distribute net revenue from any sales to shareholders and reinvest in new equipment at the same 65%/35% distribution. The company will also replace its mining blades with more efficient ones if necessary.
Mine ownership: The shareholders are 100% owners of the PETA-MINE; ownership includes the hardware.

3) Does the Shareholder protection also apply to the initial 20% bitfury mine?

CryptX will protect PETA-MINE shareholders against such delays by adding 20% additional hash power for each 30 days the company exceeds its target deployment date.

It doesn't specifically say that it does, this quote above is talking about the December Cointerra hardware delivery.


I'm just looking for clarification on the above 3 points and would appreciate a reply.

Thank you.

[ishkur]

Cryptx,

I know your busy, but at the same time can you give us shareholders an update?

It's the very least you can do

[altoidmintz]

DO NOT USE HAVELOCK

Their fees are a rip, they are not decentralized, they may be subject to regulation anyway completely defeating the purpose.

Easy solution: Colored Coins. [coloredcoins.org]

[ishkur]

DO NOT USE HAVELOCK

Their fees are a rip, they are not decentralized, they may be subject to regulation anyway completely defeating the purpose.

Easy solution: Colored Coins. [coloredcoins.org]

We need a solution now.  Colored Coins are the future, but we are not  ready for them yet


www.picostocks.com then

[webbrowser]

What's wrong with Havelock fees?

[dhenson]

Havelock is much better than pico stocks, even with higher fees (if that is true).

[ujka]

All that about fees is easy to check:
bitfunder:
  trading: pricing tiers, by last 60 day sales, tier 1 (<BTC50) = 1%

picostocks:
  trading: 1% only when selling
  dividends: 2%
  withdrawing: network fee BTC0.0005

havelock:
  trading: 0.4% only when selling
  withdrawing: BTC0.001

cryptostocks:
  trading: 0.15% (+ security specific fee ??)
  withrawing: BTC0.01

Indeed, Havelock is much better than picostocks, and with LOWER fees.

[altoidmintz]

I wasn't comparing havelock to another exchange i was comparing it to colored coins which has 0 fees. I tested colored coins out and its awesome I didn't realize the version out is only for testing my bad :/

Havelock is better than the other choices imho if we have to use an exchange...is direct sale a possibility or will that choke exposure too far?

I miss btc.co 

Oh btw they are selling btc.co source code if someone wants to start up a new one

[keemao]

At last! 
Thanks for the news about transfer, CryptX!!!
Gives a noob like me ease at heart... 

[webbrowser]

PETA-MINE listing moves to Cryptostocks.com
Dear Shareholder,

 

We are pleased to announce the continuation of our asset PETA-MINE on www.cryptostocks.com.

For swift transfer of your shares to cryptostocks.com, create an account on cryptostocks with the same e-mail address you used on btct.co. We will transfer your shares to your new account. Please inform us by e-mail (info@cryptx.com) when your account is created so we can transfer your shares.

You will receive 10 times the amount of shares you owned at btct.co as we initiated a 1 for 10 share split.

Each share represents 1 GH/s of hashing power. CryptX has invested in 20 TH/s of hashing power, all mining revenue from this additional 20 TH/s will go to public shareholders until the initial investment of 0.065 BTC/share is recovered in dividends.

A first dividend of 300 BTC will be paid on 18 October 2013.

 

Regards,

CryptX

Gee, cryptostocks :-/

So, based on the 10 x 2313 shares outstanding on btct + 11 new shares sold on cryptostocks, we can expect to see 300 / (23130+11) ~= 0.01296 btc dividends per share this friday?

Why are the remaining available shares being sold at 0.065 btc, instead of 0.066 btc?

Actually, since the IPO hasn't completed, how would the plan to return 0.065 btc of the initial investment in dividends work out?

Has anyone compared the last version of the contract on btct with the much shorter version now on cryptostocks.com?

Lastly, to me, it looks approximately correct that 65% of the mining revenue till this week of the initial deployment of 20 TH/s (ramping up slowly since early Oct), comes up to 300 btc.  Does this look right to the rest of you too?

[ishkur]

Liquidity absolutely blows on cryptostocks

Look at all the stocks dealing with btc then compare the volumes

 

[VonSpecht]

PETA-MINE listing moves to Cryptostocks.com
Dear Shareholder,

 

We are pleased to announce the continuation of our asset PETA-MINE on www.cryptostocks.com.

For swift transfer of your shares to cryptostocks.com, create an account on cryptostocks with the same e-mail address you used on btct.co. We will transfer your shares to your new account. Please inform us by e-mail (info@cryptx.com) when your account is created so we can transfer your shares.

You will receive 10 times the amount of shares you owned at btct.co as we initiated a 1 for 10 share split.

Each share represents 1 GH/s of hashing power. CryptX has invested in 20 TH/s of hashing power, all mining revenue from this additional 20 TH/s will go to public shareholders until the initial investment of 0.065 BTC/share is recovered in dividends.

A first dividend of 300 BTC will be paid on 18 October 2013.

 

Regards,

CryptX

Gee, cryptostocks :-/

So, based on the 10 x 2313 shares outstanding on btct + 11 new shares sold on cryptostocks, we can expect to see 300 / (23130+11) ~= 0.01296 btc dividends per share this friday?

Why are the remaining available shares being sold at 0.065 btc, instead of 0.066 btc?

Actually, since the IPO hasn't completed, how would the plan to return 0.065 btc of the initial investment in dividends work out?

Has anyone compared the last version of the contract on btct with the much shorter version now on cryptostocks.com?

Lastly, to me, it looks approximately correct that 65% of the mining revenue till this week of the initial deployment of 20 TH/s (ramping up slowly since early Oct), comes up to 300 btc.  Does this look right to the rest of you too?

EDIT: I don't know any backgrounds of Cryptostock but at least the first impressions about the site was much more positive than on BTC-TC...

But, the main question should now be - is that old BTC-TC's contract still in use with the exception of share splitting??

[frito]

cryptostocks eh? read the post below:

https://bitcointalk.org/index.php?topic=49383.msg3110924#msg3110924

stealing dividends,getting root hacked,loosing 2500BTC....
good choice

[forensick]

maybe it is a chance for Cryptostocks to show something finally

[dhenson]

cryptostocks eh? read the post below:

https://bitcointalk.org/index.php?topic=49383.msg3110924#msg3110924

stealing dividends,getting root hacked,loosing 2500BTC....
good choice

Cryptx, any chance that dividends could be paid directly to public addresses until the above can be vetted? 

[ujka]

...
Lastly, to me, it looks approximately correct that 65% of the mining revenue till this week of the initial deployment of 20 TH/s (ramping up slowly since early Oct), comes up to 300 btc.  Does this look right to the rest of you too?

Well, to be really transparent about this, we would need a look at the mining address...