|
Anotheranonlol
|
 |
April 21, 2014, 11:37:00 AM |
|
For a professional miner, it is unforgivable to have all miners down. They should compensate shareholders lost by reduce the hosting fee in this week's dividend.
woah, calm down a little, there could be many reasons for a brief outage..(so far this is the first it's happened) without knowing the reasons, wouldn't go jumping down their throats too quickly demanding recompensation Liking Colliders tin-foil speculation on this one!  While the exact numbers are wild speculation, it remains a fact that when a contract is violated, compensation is given. Therefore the only question is how much, so prepare for even more excellent news. It was my opinion the 700TH boost was already factoring in the inevitable (even then) compensation from both Cointerra and Bitmine for late&underperforming hardware , I certainly am not expecting to be preparing for more excellent news (Extra compensation) from those suppliers |
|
|
|
|
Collider
|
|
April 21, 2014, 11:59:10 AM |
|
For a professional miner, it is unforgivable to have all miners down. They should compensate shareholders lost by reduce the hosting fee in this week's dividend.
woah, calm down a little, there could be many reasons for a brief outage..(so far this is the first it's happened) without knowing the reasons, wouldn't go jumping down their throats too quickly demanding recompensation Liking Colliders tin-foil speculation on this one! While the exact numbers are wild speculation, it remains a fact that when a contract is violated, compensation is given. Therefore the only question is how much, so prepare for even more excellent news. It was my opinion the 700TH boost was already factoring in the inevitable (even then) compensation from both Cointerra and Bitmine for late&underperforming hardware , I certainly am not expecting to be preparing for more excellent news (Extra compensation) from those suppliers Why not? Bitmine was contractually obligated to deliver all the hardware by early April. They are in violation of this contract and we are therefore entitled to compensation. |
|
|
|
|
|
Darkstone2
|
|
April 21, 2014, 12:21:46 PM |
|
They are not entitled to any compensation unless such clause was included in the contract.
|
|
|
|
|
|
Collider
|
|
April 21, 2014, 12:47:44 PM
Last edit: April 21, 2014, 01:00:29 PM by Collider |
|
Why not? Bitmine was contractually obligated to deliver all the hardware by early April.
They are in violation of this contract and we are therefore entitled to compensation.
Obviously with Cryptx being angel investors in Cointerra they would have received compensation, obviously also Cryptx knows certain info about Bitmine and had already negotiated a deal taking all delays into account; therefore the explanation for surprise jump to 700TH initial deployment unless you are expecting them to double the 700 to 1400 again? As stated by Cryptx, the revised delivery schedule of the desks/rigs was based on the new contract they had signed with bitmine. ("The latest release of our deployment schedule was based on written and contractual agreed schedule from Bitmine upon visiting them in Switzerland.") See how it says contractual agreed schedule in the quote? That means it is a legally binding document. When contracts are not held by one party, a compensation has to be provided. The new contract was calculated with the shipping delay as stated in the contract (ie x number of TH/s per week) in mind. How much compensation is actually in order, that is for cryptx and bitmine to agree on. Fact is, there is a right for compensation and it will have to be provided. On a side note, the bitmine/innosilicon A1 chip can now be produced at way lower than 1$/GH/s as all NRE costs are already payed. They are not entitled to any compensation unless such clause was included in the contract.
Yes they are, this is covered by contract law. Furthermore i highly doubt that cryptx didn´t include certain clauses, seeing that shipment had already been delayed once, so likely would be twice, seeing that this is a highly time-sensitive business. |
|
|
|
|
|
Darkstone2
|
|
April 21, 2014, 01:33:45 PM |
|
Yes they are, this is covered by contract law.
Yeah. And such law states that the contract can be dissolved in such cases (not sure if that is the correct term..) and petamine received a part of their money back. IANAL, but business-to-business sales generally assume that both sides know what they're doing and lacks many of the protection stuff that exists on the consumer side. If compensation is not in the contract, the chance of getting any is small. |
|
|
|
|
|
Collider
|
|
April 21, 2014, 01:44:12 PM |
|
Yes they are, this is covered by contract law.
Yeah. And such law states that the contract can be dissolved in such cases (not sure if that is the correct term..) and petamine received a part of their money back. IANAL, but business-to-business sales generally assume that both sides know what they're doing and lacks many of the protection stuff that exists on the consumer side. If compensation is not in the contract, the chance of getting any is small. Again, do you really believe, a reputable and experienced company in the bitcoin sphere like cryptx would not think of terms that apply when delivery is late, especially when it was already late once? Do you really think they just forgot that late delivery might be a problem? Also: Der Unternehmer haftet für die korrekte und rechtzeitige Ausführung des Werkes... (Werksvertrag, Schuldrecht Schweiz) This states that the producer has to compensate for late delivery, if any occurs. But again, I am sure cryptx didn´t just forget that there was a possibility that bitmine would deliver late a second time. |
|
|
|
|
|
Darkstone2
|
|
April 21, 2014, 02:18:47 PM |
|
Again, do you really believe, a reputable and experienced company in the bitcoin sphere like cryptx would not think of terms that apply when delivery is late,
especially when it was already late once?
I have never said such thing. I have only said that for compensation to happen, it should be specified in the contract. |
|
|
|
|
|
Collider
|
|
April 21, 2014, 04:15:58 PM |
|
Again, do you really believe, a reputable and experienced company in the bitcoin sphere like cryptx would not think of terms that apply when delivery is late,
especially when it was already late once?
I have never said such thing. I have only said that for compensation to happen, it should be specified in the contract. Okay. My view on this is that it doens´t have to be specified in the contract, but most likely is. Anyway, in the end it only matters that we get compensation, and not on what legal grounds it was provided. |
|
|
|
|
mikemikemike
Copper Member
Full Member
 Offline
Activity: 224
Merit: 100
|
|
April 22, 2014, 11:02:46 AM |
|
I love the sheer amount of speculation in this thread, CryptX must be having quite the giggle.
On another note, 477 shares wall disappeared from the sell side yesterday, which is a nice sign. That wall was going to be a killer for any future growth for the SP.
Gonna be an important week, we had nearly 100 TH/s last week, will be interesting to see how many we bring online this week, will give us a good indicator to make more acurrate predictions.
Looking at the current hashrate and the blockchain, my dividend estimate for this week is @ 0.00078.
|
|
|
|
|
|
karol
|
|
April 22, 2014, 02:35:27 PM |
|
Slowing down?
currently 266th for some time. Was 288 previously
|
|
|
|
|
Elvis Trout
Member
Offline
Activity: 116
Merit: 10
|
|
April 22, 2014, 02:54:14 PM |
|
The wall has disappeared and reappeared before, I'm sure it will be back
|
|
|
|
|
|
EdoBcn
|
|
April 22, 2014, 03:27:32 PM |
|
The wall has disappeared and reappeared before, I'm sure it will be back
I seriously doubt it With all the good work Cryptx is doing, it would be a shame to sell now without waiting the additional TH/s to be deployed |
|
|
|
|
crino
Member
Offline
Activity: 82
Merit: 10
|
|
April 22, 2014, 03:33:37 PM |
|
477/477 ฿100.00000000 ฿47700.0000
THE WALL IS BACK!
|
|
|
|
|
|
EdoBcn
|
|
April 22, 2014, 03:36:21 PM |
|
477/477 ฿100.00000000 ฿47700.0000
THE WALL IS BACK!
47700btc... that's a life changer!!! |
|
|
|
|
oma5
Newbie
Offline
Activity: 37
Merit: 0
|
|
April 22, 2014, 03:57:37 PM |
|
Could someone please explain this 'Wall" thing?  Thanks. |
|
|
|
|
rdyoung
Legendary
Offline
Activity: 994
Merit: 1000
|
|
April 22, 2014, 04:40:25 PM |
|
Could someone please explain this 'Wall" thing? Thanks. Its basically a very large buy or sell order that would have to be filled for the price to keep increasing or decreasing. In sell orders its typically called a floor. The "wall" at 100btc is meant as a joke. I can say with with 100% certainty peta will never hit 100btc/share |
|
|
|
|
mikemikemike
Copper Member
Full Member
Offline
Activity: 224
Merit: 100
|
|
April 22, 2014, 04:42:58 PM |
|
Could someone please explain this 'Wall" thing? Thanks. Its basically a very large buy or sell order that would have to be filled for the price to keep increasing or decreasing. In sell orders its typically called a floor. The "wall" at 100btc is meant as a joke. I can say with with 100% certainty peta will never hit 100btc/share STOP SPREADING FUD. 100 BTC A SHARE IS PERFECTLY REALISTIC AND WITH MY CALCULATIONS WE WILL HIT THAT SOME TIME NEXT WEEK, EITHER WEDNESDAY AFTERNOON OR THURSDAY MORNING. -AntiBCMINE |
|
|
|
|
|
|
rdyoung
Legendary
Offline
Activity: 994
Merit: 1000
|
|
April 22, 2014, 06:03:44 PM |
|
Could someone please explain this 'Wall" thing? Thanks. Its basically a very large buy or sell order that would have to be filled for the price to keep increasing or decreasing. In sell orders its typically called a floor. The "wall" at 100btc is meant as a joke. I can say with with 100% certainty peta will never hit 100btc/share STOP SPREADING FUD. 100 BTC A SHARE IS PERFECTLY REALISTIC AND WITH MY CALCULATIONS WE WILL HIT THAT SOME TIME NEXT WEEK, EITHER WEDNESDAY AFTERNOON OR THURSDAY MORNING. -AntiBCMINE HaHa... Your right, I apologize and am turning in my investor card. Anything else I can do to make up for this obvious trollish behavior?  |
|
|
|
|
|
EdoBcn
|
|
April 22, 2014, 06:07:15 PM |
|
STOP SPREADING FUD. 100 BTC A SHARE IS PERFECTLY REALISTIC AND WITH MY CALCULATIONS WE WILL HIT THAT SOME TIME NEXT WEEK, EITHER WEDNESDAY AFTERNOON OR THURSDAY MORNING.
-AntiBCMINE
Famous quote: "in two weeks" Anyway, assuming 500TH/s are added soon, I would expect the shareprice to x3 (at least, that is what would happen to dividends ) |
|
|
|
|
|
