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Anotheranonlol
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February 13, 2014, 10:34:42 PM |
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looking to BTC/USD ratio,the share price is really attractive, I bet that when more hash power comes online the share price will double or even triple, especially if the BTC price keeps at these levels  simply if CryptX manage to reinvest the 35% wisely, and even if the share price will be 3 times at what it is today, a share will break even and make profit, thinking that the Difficulty factor will raise forever is just insane, Moore's law will take over, and after few months there will be not significant difficulty raise and this operation will be one of the best to invest in. anyone hazard a "back-of-napkin" guess at the value of these shares given expected hash rate?
put it this way, compared to the recent annual returns in AM.. down to a shocking 3%, we'll be looking at 20x that as a conservative estimate, with no re-investment at all and assuming a 72% perpetual diff increase (of course, as explained above the difficulty cannot continue rising 72% month on month) real returns would be higher. Everything of course, boils down to successful and succint re-investment plans. During the time bitfury hardware was deployed, most shareholders were very happy with regular and timely dividends. If the operation continued in the same manner, with cryptx sourcing 3rd party PCB designer and assembly we are on track to a winning bet. This is a long term mining operation and the future, as everybody is aware no longer home user with tiny gpu or retail asic, it's centralised mining operations that can continue to hold or increase their stake of the total hashrate pie. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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hephaist0s
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February 13, 2014, 10:44:55 PM |
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Fantastic news! That made my day.
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Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | BTC:1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu | ETH:0x3c1bC39EC7F3f6b26ACb6eeeEFe7dE2f486a72E9 |
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qwertyqwerty
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February 13, 2014, 10:50:37 PM
Last edit: February 19, 2014, 10:05:59 AM by qwertyqwerty |
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HODLING till 2015!
looking forward to more divs like prior months
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XliptTit
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Activity: 56
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February 14, 2014, 12:21:36 AM |
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Lol I actually sold, just to buy back one minute later...
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rdyoung
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Activity: 994
Merit: 1000
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February 14, 2014, 01:50:38 AM |
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Fantastic news!
But still, now that we have something hashing can we discuss merge mining?
+1 on this. Once they are up and running they could run a local p2pool node that supports merged mining. |
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XliptTit
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February 14, 2014, 02:15:11 AM |
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Fantastic news!
But still, now that we have something hashing can we discuss merge mining?
+1 on this. Once they are up and running they could run a local p2pool node that supports merged mining. +1 |
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rdyoung
Legendary
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Activity: 994
Merit: 1000
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February 14, 2014, 02:51:40 AM |
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Just 1 day short of the hashrate increase but fuck those walls came down quick on havelock!
Hells yeah they did. We are now sitting @ .0698/share and looking at the order book we have 1589 shares to sell before we get to .10/share. Seeing the potential profits from this venture, I can see us hitting .25 or even .50 in a few months time, if not sooner. |
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Aireun
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Merit: 10
Perpetual optimism is a force multiplier.
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February 14, 2014, 04:14:48 AM |
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Just 1 day short of the hashrate increase but fuck those walls came down quick on havelock!
Hells yeah they did. We are now sitting @ .0698/share and looking at the order book we have 1589 shares to sell before we get to .10/share. Seeing the potential profits from this venture, I can see us hitting .25 or even .50 in a few months time, if not sooner. So I take in many of you are selling off some of your shares for short term profiting?  |
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Usman056
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February 14, 2014, 06:36:25 AM |
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Just 1 day short of the hashrate increase but fuck those walls came down quick on havelock!
I'm glad that we are hashing away, but we only started at 2% of the initial hashing power that was outlined. Although a lot of that could not have been foreseen, i do believe we should compensated by increasing the Gh/s per share. |
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spartan82
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February 14, 2014, 07:02:14 AM |
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Just 1 day short of the hashrate increase but fuck those walls came down quick on havelock!
I'm glad that we are hashing away, but we only started at 2% of the initial hashing power that was outlined. Although a lot of that could not have been foreseen, i do believe we should compensated by increasing the Gh/s per share. you do make a valid point there.. we are not hashing at 2.88gh/share and tuesday will be well past mid february so i wonder if we are eligible for this additional 20% increase. on top of that i dont think we will even be at 2.88gh/share even then as we are still waiting for bitmine chips also. what does everyone else think about this situation? |
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Foebar
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February 14, 2014, 07:19:49 AM |
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Just 1 day short of the hashrate increase but fuck those walls came down quick on havelock!
I'm glad that we are hashing away, but we only started at 2% of the initial hashing power that was outlined. Although a lot of that could not have been foreseen, i do believe we should compensated by increasing the Gh/s per share. you do make a valid point there.. we are not hashing at 2.88gh/share and tuesday will be well past mid february so i wonder if we are eligible for this additional 20% increase. on top of that i dont think we will even be at 2.88gh/share even then as we are still waiting for bitmine chips also. what does everyone else think about this situation? 1,6 Th from a total of 220 TH is not a real deploy, so for me an increase is needed |
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rdyoung
Legendary
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Activity: 994
Merit: 1000
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February 14, 2014, 07:35:21 AM |
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Just 1 day short of the hashrate increase but fuck those walls came down quick on havelock!
I'm glad that we are hashing away, but we only started at 2% of the initial hashing power that was outlined. Although a lot of that could not have been foreseen, i do believe we should compensated by increasing the Gh/s per share. you do make a valid point there.. we are not hashing at 2.88gh/share and tuesday will be well past mid february so i wonder if we are eligible for this additional 20% increase. on top of that i dont think we will even be at 2.88gh/share even then as we are still waiting for bitmine chips also. what does everyone else think about this situation? 1,6 Th from a total of 220 TH is not a real deploy, so for me an increase is needed A 20% bump would be nice, but considering its going to take time to for them to receive and bring online all of the ordered hardware, along with the fact that they will be reinvesting bringing our GHS/share up. I am not going to nitpick over it ATM. Now if we see a couple more difficulty increases before we are up to speed, then I might consider raising this issue. |
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EdoBcn
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February 14, 2014, 07:53:14 AM |
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Meanwhile, the price went up almost to 0.1  Great news everybody! |
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MonkeyBear68
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February 14, 2014, 08:02:00 AM |
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Just 1 day short of the hashrate increase but fuck those walls came down quick on havelock!
I'm glad that we are hashing away, but we only started at 2% of the initial hashing power that was outlined. Although a lot of that could not have been foreseen, i do believe we should compensated by increasing the Gh/s per share. you do make a valid point there.. we are not hashing at 2.88gh/share and tuesday will be well past mid february so i wonder if we are eligible for this additional 20% increase. on top of that i dont think we will even be at 2.88gh/share even then as we are still waiting for bitmine chips also. what does everyone else think about this situation? 1,6 Th from a total of 220 TH is not a real deploy, so for me an increase is needed I too would have rather just waited a couple of more days and had the 20% extra to start with. Technically they have started deployment prior to mid-Feb, so I guess if they reinvest the extra back into more chips, then we should see a GH/s per share increase as part of the normal re-investment strategy. |
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trek27
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February 14, 2014, 08:12:19 AM |
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Up to now I always thought about 'deployment' as reaching full hash power per share at the target deployment date - 2.44Ghs before 15 January, 2.88 before 15 February, ...
Unfortunately, today, I found that the exact wording in PETAPROSPECTUSV2.0.pdf is ambiguous.
It talks about deployment (which clearly suggests requirement of reaching 2.44Ghs/share ) in case of mid-January threshold but talks only about 'starting deployment' when giving example of mid-February deadline - really strange.
I start seeing this as some kind of litmus paper how CryptX is going to treat shareholders.
Really curious if tomorrow we get a statement similar to that from 15 January.
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Foebar
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February 14, 2014, 08:15:36 AM |
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starting with 2 * 1,6TH from a total of 220TH is like handing over the car keys and saying, enjoy your car, but we can't let you use it, because we're still waiting for the car itself
Some compensation seems in order here
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spartan82
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February 14, 2014, 08:39:16 AM |
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starting with 2 * 1,6TH from a total of 220TH is like handing over the car keys and saying, enjoy your car, but we can't let you use it, because we're still waiting for the car itself
Some compensation seems in order here
lol good call! |
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MonkeyBear68
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February 14, 2014, 08:47:42 AM |
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starting with 2 * 1,6TH from a total of 220TH is like handing over the car keys and saying, enjoy your car, but we can't let you use it, because we're still waiting for the car itself
Some compensation seems in order here
I agree the revenue forecasts on page 9 are based on a full on start. I would understand if they started with at least half the projected starting rate, but this is barely a drop in the bucket. |
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