thatguy42
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Activity: 37
Merit: 0
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August 15, 2014, 05:52:11 PM |
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Is it possible that PETA used the p2ppool announcement to get a spike in share price so they could then unload the shares they had given to themselves to 'pay off the loan'?
And guess who pays for the electricity and hosting, for the shares they have not unloaded ? If electricity costs for 1,150 TH/S is, $.15 per share per month; if half is the loan, electricity should be $.075 per month per share. Which means the public pays for electricity and hosting of shares owned by Peta. |
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nwfella
Legendary
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Activity: 1596
Merit: 1000
Well hello there!
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August 15, 2014, 08:22:56 PM |
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In case you missed it:
"Dear Unit Holders,
It has been a few weeks now since we converted the PetaMine to 1 GH per unit and 100% daily dividend payouts.
We want to use this update to provide more transparency.
Daily dividend payouts are based on mining revenue of the last 24h (including altcoins like NMC/DVC/IXC). The differences in daily dividends have its origin in the variance in finding blocks for those last 24h.
The daily dividend consists of the mining revenue of the last 24h minus the hosting fee. The hosting fee totals 0.0049315$ per GH per day or 0.15$/GH per month to cover electricity, maintenance and repairs, hosting facility. Hosting costs are converted to BTC using the days BTC/USD ratio.
End June we decided, after passing a vote, to switch to p2pool because of the risk of ghash.io reaching 51% of the network. In the meantime this risk has disappeared with ghash.io having a marketshare of 27%. Besides that, the Bitfury systems are not compatible with p2pool and the variance on the daily payouts would be enormous.
Some people requested if additional hardware will be deployed. In the short term, we do not foresee to add additional hardware, as this would require the availability of new reinvestment funds or launching a new IPO. The results of the last vote was clear that people rather choose their own reinvestment level by purchasing additional 1GH/s units available at market value.
As always we will keep monitoring the Bitcoin ecosystem/mining environment closely.
Team CryptX"
What I essentially read from it: "We gave you everything you asked for so quit bi!@#in. No new hash. p2pool too much of a pain in the ass and wouldn't be worth it given ghash.io hashrate decrease. Thanks again for investing your hard earned satoshi's with us, believe you me, we are putting them to good use (wink wink nudge nudge)"
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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stompysteve
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August 16, 2014, 12:47:47 AM |
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at 0.00157 or about .85 cents right now this would be a killer buy, if only the hosting costs were like .10 instead of .15
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stompysteve
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August 16, 2014, 03:36:51 AM |
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just curious, if and when this goes to negative profit are the miners just going to be shut down and sold as divs?
are there any plans past what was stated today
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nwfella
Legendary
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Activity: 1596
Merit: 1000
Well hello there!
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August 16, 2014, 04:56:13 AM |
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just curious, if and when this goes to negative profit are the miners just going to be shut down and sold as divs?
are there any plans past what was stated today
Not that I've heard of sadly. The truth is, I suspect CryptX will just allow this asset to continue on the path it's heading. It's pretty obvious he isn't really putting any effort into it now that he's sitting on a huge amount of hash that he's essentially running entirely on our dime. I mean, he apparently couldn't even be bothered to implement the p2pool change...yeah, sure it required a little bit of work but honestly the ghash.io rate dropping I think was just a cop-out excuse on his part. I think he probably switched one or two units over, decided it was too much of a pain in the ass and figured f!@# it! People decide to dump I win, people decide to all-in it I win again. Truly a no-lose proposition for the fellas running this nightmare. |
¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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fonsie
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August 16, 2014, 08:44:31 AM |
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just curious, if and when this goes to negative profit are the miners just going to be shut down and sold as divs?
are there any plans past what was stated today
Given his track record as a sellar, I don't think anyone would be stupid enough to still buy from him. I would force their hand to divide the hardware amongst unit holders, unit holders get a worthless souvenir, but at least cryptx can't do anything with it and you have proof they indeed had the hardware... But sure as hell don't go dreaming that you will ever see your money back. |
I decided to no longer use a signature, because people were trolling me about it.
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JRBeagle
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Activity: 13
Merit: 0
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August 16, 2014, 06:32:01 PM |
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At least there are there dividends for whatever its worth,stupid how much it fluctuates tho
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nwfella
Legendary
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Activity: 1596
Merit: 1000
Well hello there!
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August 17, 2014, 08:46:44 AM |
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If in fact what is mentioned above regarding announcement to try and spike price only to unload shares then basically they are running one of the more effective long-scam's I've ever been involved with unfortunately. Borderline criminal if above mentioned allegation true imho though.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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fonsie
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August 17, 2014, 11:16:17 AM |
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People should have listened to Puppet, where are the pumpers like dhenson now?  |
I decided to no longer use a signature, because people were trolling me about it.
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fractal02
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August 17, 2014, 04:19:50 PM |
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Today div' : 0.00000749 BTC  Guys...sell that s**t before they start to ask you money at every div'  Oh...and unit is at 0.00139500 BTC and only 500 units before falling at 0.00127000 BTC... CryptX are burn in BTC world...remember who are they and don't ever let them do business in BTC world. |
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dyask
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August 17, 2014, 10:56:24 PM |
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A few weeks ago I was slapped around for saying PETA was overvalued at .003 BTC. I guess people might understand what overvalued means now!
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stompysteve
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August 18, 2014, 12:30:50 AM |
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If I knew btc was going to go back up to 600 tomorrow I would be back in starting to get risky holding
Ghash did have better luck today though
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jebby_san
Newbie
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Activity: 9
Merit: 0
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August 18, 2014, 02:50:26 AM |
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What is going on with this company? The shares are hemorrhaging value and the dividends are getting smaller and smaller. Have they published any statements? For that matter have they ever published anything confirming them to be an actual mine? I think I may have learned a costly lesson about scammers.
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pedrog
Legendary
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Activity: 2786
Merit: 1031
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August 18, 2014, 03:03:04 AM |
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What is going on with this company? The shares are hemorrhaging value and the dividends are getting smaller and smaller. Have they published any statements? For that matter have they ever published anything confirming them to be an actual mine? I think I may have learned a costly lesson about scammers.
What the fuck are you talking about? Haven't looked at the difficulty lately? |
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dexu
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August 18, 2014, 09:21:22 AM |
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Connection timed out ... shit .. can't sell ;P
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jjdub7
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August 18, 2014, 09:35:25 AM |
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Connection timed out ... shit .. can't sell ;P
nah, its one of those "down for maintenance" periods where they don't tell us anything beforehand, we all freak out, and then it ends up coming back online when everyone least expects it hours later |
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RoadStress
Legendary
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Activity: 1904
Merit: 1007
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August 18, 2014, 11:35:29 AM |
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CryptX are burn in BTC world...remember who are they and don't ever let them do business in BTC world.
I thought that was obvious after the fiasco with selling bitfury's boards... |
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webbrowser
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August 18, 2014, 11:58:40 AM |
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What is going on with this company? The shares are hemorrhaging value and the dividends are getting smaller and smaller. Have they published any statements? For that matter have they ever published anything confirming them to be an actual mine? I think I may have learned a costly lesson about scammers.
Unfortunately, this isn't really even a scam. If you'd just put in the right numbers, the IPO actually said in not so many words that this was going to happen. |
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nwfella
Legendary
Offline
Activity: 1596
Merit: 1000
Well hello there!
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August 18, 2014, 06:14:50 PM |
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What is going on with this company? The shares are hemorrhaging value and the dividends are getting smaller and smaller. Have they published any statements? For that matter have they ever published anything confirming them to be an actual mine? I think I may have learned a costly lesson about scammers.
Unfortunately, this isn't really even a scam. If you'd just put in the right numbers, the IPO actually said in not so many words that this was going to happen. Definitely not a scam. More of a long-con I would say. If your thinking the CryptX situation is going to get any better in it's current incarnation you have quite a bit more pain to go through I'm afraid :/ Welcome to the CryptX asset purchaser club! |
¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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webbrowser
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August 19, 2014, 01:17:01 AM |
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Welcome to the CryptX asset purchaser club!
Not me. I sold out before the IPO and spent quite a bit of time in May preparing figures and spreadsheets to let people know what they were getting themselves into. Unfortunately, everyone threw caution to the winds when cryptx announced that hewould purchase any unsold portion of the IPO batch one. And the worst part was that they didn't make cryptx put his own money into the sinking ship. |
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