stompysteve
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September 28, 2014, 01:04:54 PM |
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So divs at two digits again, and price still at .0006. Why would anyone buy that outdated hardware with btc price so low?
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Puppet
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September 29, 2014, 12:51:17 PM |
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hahaha I like your interest Puppy. KEEP CALM and post something funny.
How is this for funny 2014-09-29 2014-09-29 0.00000053 2014-09-28 2014-09-28 0.00000085 Hilarious, no?
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stompysteve
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September 29, 2014, 01:47:20 PM |
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One day where ghash gets under 25 blocks or btc price going to 350 its over
I think for the next two weeks probably you will see divs under 100 then cryptx shuts down and trys to sell hardware
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nwfella
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Well hello there!
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September 29, 2014, 07:28:49 PM |
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One day where ghash gets under 25 blocks or btc price going to 350 its over
I think for the next two weeks probably you will see divs under 100 then cryptx shuts down and trys to sell hardware
This being the operative word.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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Puppet
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September 29, 2014, 07:36:55 PM |
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On the bright side, I would guess most mining hardware price is more closely related to dollar than BTC value, so the BTC price drop has two upsides: it brings forward zero div day (that is, unless cryptx is clever/devious enough to lower fees a little bit each time, which Id fully expect), and it could generate more bitcoins on the sale. Then again, I stopped following the SHA device market closely, so Im not sure how many people are still out there interested in buying used 1W/GH gear.
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Puppet
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September 30, 2014, 03:56:01 PM |
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stompysteve
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September 30, 2014, 04:13:30 PM |
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I dont think zero div day because they found more blocks then the day when it was 53 I think you will see an announcement today pushing the project for another two weeks
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Puppet
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September 30, 2014, 04:18:11 PM |
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I dont think zero div day because they found more blocks then the day when it was 53
I think you will see an announcement today pushing the project for another two weeks
Have a look yourself: https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6Cryptx collected his 14.16BTC fees, and there is zero left for divs. Well, technically, 0.00000001 BTC. Divided by how many shares ? Think we need a modification to the bitcoin protocol to turn that in to a dividend ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) BTW, likely shareholders now owe money to cryptx, because 14.68 is less than yesterday, and the BTC exchange rate has dropped.
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stompysteve
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September 30, 2014, 06:42:54 PM |
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Good on cryptx to not even make an announcement sheesh lol Glad I only come here to follow the thread I would have lost btc if I didn't day trade at all
How much in divs did they pay over the span of being on havelock?
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jaysabi
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September 30, 2014, 06:56:03 PM |
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Just so I understand the relationship properly, Cryptx runs the rigs and charges hosting fees for doing so? Is that how they make their money?
Havelock lists the securities and charges fees for trading them.
Do I have these two things correct?
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stompysteve
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September 30, 2014, 07:03:03 PM |
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Just so I understand the relationship properly, Cryptx runs the rigs and charges hosting fees for doing so? Is that how they make their money?
Havelock lists the securities and charges fees for trading them.
Do I have these two things correct?
Just about
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jaysabi
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September 30, 2014, 07:12:38 PM |
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Just so I understand the relationship properly, Cryptx runs the rigs and charges hosting fees for doing so? Is that how they make their money?
Havelock lists the securities and charges fees for trading them.
Do I have these two things correct?
Just about So Cryptx is charging 14 BTC per day as a hosting fee, which is basically what the equipment mines now, and that's why divs have reached zero?
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Puppet
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September 30, 2014, 07:15:05 PM |
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How much in divs did they pay over the span of being on havelock?
With the split, thats too much work for me calculate. So ill give you my best approximation: peanuts.
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freedomno1
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September 30, 2014, 07:59:37 PM |
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How much in divs did they pay over the span of being on havelock?
With the split, thats too much work for me calculate. So ill give you my best approximation: peanuts. Sounds about right I'm sure it could be added but it was a fraction of the total cost. Either way was not a very good asset to begin with.
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Believing in Bitcoins and it's ability to change the world
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Puppet
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October 01, 2014, 08:14:16 AM Last edit: October 01, 2014, 08:42:39 AM by Puppet |
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Dear unit holders, Difficulty has increased a little more than we originally anticipated. Our IPO prospectus foresaw a difficulty of less than 2B by this time. In reality it is a little higher, at 17 times our projection. As a result, we have fallen a bit short of our initial 1BTC per share dividend goal for October. But if bitcoin exchange rate increases by a few orders of magnitude and difficulty declines dramatically over he next decade or two, our initial goal is still within reach. To maintain the possibility of achieving this goal, PETA mine will continue running for as long as mining revenue exceeds our very low undisclosed hosting costs. But whenever the revenue falls below our publicly announced $0.15/GH/month, as happened yesterday and will happen more and more frequently in the future, PETA will generously lend unit holders the difference so that no negative dividends have to be collected. Actual dividends will only resume once this accumulated debt is repaid, which will be increasing unlikely to happen ever. Looking further ahead, once mining revenue drops below our undisclosed hosting costs, we will auction off the hardware, and will deduct this sum from the outstanding loan, thereby reducing the debt unit holders owe to Peta. PETA mine has come a long way, and together with Havelock, has been a leader in driving down prices per GH, from ~0.007 BTC per GH at IPO to 0.0003 0.00025 ฿0.00020 BTC today, an impressive 2300 2700 3000% decline in just a few months. We are proud of this achievement and look forward to continuing on this path and set new records along the way. YHBT Team CryptX
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IamNotSure
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October 01, 2014, 10:03:07 AM |
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Dear unit holders, Difficulty has increased a little more than we originally anticipated. Our IPO prospectus foresaw a difficulty of less than 2B by this time. In reality it is a little higher, at 17 times our projection. As a result, we have fallen a bit short of our initial 1BTC per share dividend goal for October. But if bitcoin exchange rate increases by a few orders of magnitude and difficulty declines dramatically over he next decade or two, our initial goal is still within reach. To maintain the possibility of achieving this goal, PETA mine will continue running for as long as mining revenue exceeds our very low undisclosed hosting costs. But whenever the revenue falls below our publicly announced $0.15/GH/month, as happened yesterday and will happen more and more frequently in the future, PETA will generously lend unit holders the difference so that no negative dividends have to be collected. Actual dividends will only resume once this accumulated debt is repaid, which will be increasing unlikely to happen ever. Looking further ahead, once mining revenue drops below our undisclosed hosting costs, we will auction off the hardware, and will deduct this sum from the outstanding loan, thereby reducing the debt unit holders owe to Peta. PETA mine has come a long way, and together with Havelock, has been a leader in driving down prices per GH, from ~0.007 BTC per GH at IPO to 0.0003 0.00025 ฿0.00020 BTC today, an impressive 2300 2700 3000% decline in just a few months. We are proud of this achievement and look forward to continuing on this path and set new records along the way. YHBT Team CryptX ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You can't lose more than 100% ... you did the math wrong More like 95% loss.. quite a nice performance !
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crino
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October 01, 2014, 10:56:53 AM |
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Dear unit holders, Difficulty has increased a little more than we originally anticipated. Our IPO prospectus foresaw a difficulty of less than 2B by this time. In reality it is a little higher, at 17 times our projection. As a result, we have fallen a bit short of our initial 1BTC per share dividend goal for October. But if bitcoin exchange rate increases by a few orders of magnitude and difficulty declines dramatically over he next decade or two, our initial goal is still within reach. To maintain the possibility of achieving this goal, PETA mine will continue running for as long as mining revenue exceeds our very low undisclosed hosting costs. But whenever the revenue falls below our publicly announced $0.15/GH/month, as happened yesterday and will happen more and more frequently in the future, PETA will generously lend unit holders the difference so that no negative dividends have to be collected. Actual dividends will only resume once this accumulated debt is repaid, which will be increasing unlikely to happen ever. Looking further ahead, once mining revenue drops below our undisclosed hosting costs, we will auction off the hardware, and will deduct this sum from the outstanding loan, thereby reducing the debt unit holders owe to Peta. PETA mine has come a long way, and together with Havelock, has been a leader in driving down prices per GH, from ~0.007 BTC per GH at IPO to 0.0003 0.00025 ฿0.00020 BTC today, an impressive 2300 2700 3000% decline in just a few months. We are proud of this achievement and look forward to continuing on this path and set new records along the way. YHBT Team CryptX Where did you find that info?
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Puppet
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October 01, 2014, 11:14:51 AM |
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You can't lose more than 100% ... Me ? No, I cant. Cryptx however, dont underestimate his ability to incur losses upon his shareholders ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . BTW, Last Price ฿0.00010000 ROFL
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Puppet
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October 01, 2014, 11:16:47 AM |
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Where did you find that info?
Really? http://goo.gl/PE3TyT
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FSMA_Filings
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October 01, 2014, 03:37:11 PM |
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The two former Poker players behind this outfit will be getting investigated within a week if I see no action taken. I have their information from high profile investors who have communicated with them at conferences.
Rest assured I have contacts who are taking preliminary steps already . This is gross negligence at the bare minimum and a blatant violation of the terms stated prior to IPO.
These units are worth considerably more in the open market. - They have been forwarded a request from an interested party already. They've received numerous requests to initiate liquidation of shareholder-owned assets and not responded to a single one. Next course of action is to determine whether the units were ever purchased as claimed with investors funds or leased, amounting to intentional deception by the operators. BitFury has been issued with questions .
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