[HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX

[altoidmintz]

People are still buying batch 4, what is wrong with you people!!!

Havelock would you please take off batch 4 until its actually done

don't be mad; if ppl are buying at that price it shows market support for that price!

[1715696710]

1715696710

[1715696710]

1715696710

[Ask Ken About Love]

People are still buying batch 4, what is wrong with you people!!!

Havelock would you please take off batch 4 until its actually done

don't be mad; if ppl are buying at that price it shows market support for that price!

It shows that those ppl are paying ฿0.0425 when they could be paying ฿0.041.  That doesn't show market support.  Possibly organic brain disease or some other ugly pathology, but not market support.

[Elvis Trout]

People are still buying batch 4, what is wrong with you people!!!

Havelock would you please take off batch 4 until its actually done

don't be mad; if ppl are buying at that price it shows market support for that price!

It shows that those ppl are paying ฿0.0425 when they could be paying ฿0.041.  That doesn't show market support.  Possibly organic brain disease or some other ugly pathology, but not market support.

Sure it does, if that is a price they are happy to pay at then they are supporting the market.

[spartan82]

Anyone have any idea what the current rate of scrypt coins mined once converted to btc / mh with ghash.io multipool is at the moment?

[mikemikemike]

People are still buying batch 4, what is wrong with you people!!!

Havelock would you please take off batch 4 until its actually done

don't be mad; if ppl are buying at that price it shows market support for that price!

It shows that those ppl are paying ฿0.0425 when they could be paying ฿0.041.  That doesn't show market support.  Possibly organic brain disease or some other ugly pathology, but not market support.

Sure it does, if that is a price they are happy to pay at then they are supporting the market.

Your being sarcastic right?

These people are clearly accidentally clicking on the wrong IPO. No one would pay for a stock above price if they didnt have to, this isn't a charity..

In other news, the litecoin difficulty seems to be dropping like a fly and seeing our new machines online already only brings testament to the professionalism of the team behind this project.

It would have been nice to get the full 10GH/s online but that doesn't look like its going to happen which is a shame as buying seems to have slowed considerably

Anyways. I'm off on holiday. Peaceeeeeeeeeee

[altoidmintz]

People are still buying batch 4, what is wrong with you people!!!

Havelock would you please take off batch 4 until its actually done

don't be mad; if ppl are buying at that price it shows market support for that price!

It shows that those ppl are paying ฿0.0425 when they could be paying ฿0.041.  That doesn't show market support.  Possibly organic brain disease or some other ugly pathology, but not market support.

Sure it does, if that is a price they are happy to pay at then they are supporting the market.

Your being sarcastic right?

These people are clearly accidentally clicking on the wrong IPO. No one would pay for a stock above price if they didnt have to, this isn't a charity..

In other news, the litecoin difficulty seems to be dropping like a fly and seeing our new machines online already only brings testament to the professionalism of the team behind this project.

It would have been nice to get the full 10GH/s online but that doesn't look like its going to happen which is a shame as buying seems to have slowed considerably

Anyways. I'm off on holiday. Peaceeeeeeeeeee

No one is saying that people prefer to buy the more expensive IPO. My point was that some people are under the impression that the price is the higher price and they are still willing to buy even at the higher price. This demonstrates market support for the higher price (Compared to not buying at all, not compared to a lower price).

In other news, expect a bump up in the purchase of IPO shares today because PETA divs come in and many people who own PETA are excited to buy SCRYPT on Havelock.

[theMiracle]

...
No one is saying that people prefer to buy the more expensive IPO. My point was that some people are under the impression that the price is the higher price and they are still willing to buy even at the higher price. This demonstrates market support for the higher price (Compared to not buying at all, not compared to a lower price)...

You seem to be intentionally missing the point.  These finance enthusiasts, presented with the option of buying @ ฿0.0425 and ฿0.041, chose the more expensive option.  Even after Havelock added some helpful financial tips ...in gigantic red type:


It is safe to assume that those who chose to pay more did so due to error, a mental deficiency, as a prank, or as an affront to what us mundanes call "common sense."

Interpreting such as market's support of higher prices is ridiculous.

[cryptx]

UPDATE 09/05/2014

We made a promise to our unitholders to start the deployment of the SCRYPT-X mine mid-May.

We are pleased to announce that, only 48 hours after the IPO, the SCRYPT-X mine is already hashing at 2 GH/s or 1% of the LTC network.

This means our unitholders can expect their first dividend to be paid as early as next Friday the 16th of May.

You can find a screenshot here:
http://www.cryptx.com/scrypt-x-reaches-1-of-ltc-network-only-48-hours-after-ipo/

[cesmak]

Greeeeeeaaaaaatttttt Jobbbbbbbb !!!!! 

[Kushedout]

Nice proggress! glad to see things are moving quicker then expected. Which is a rare thing around here.

Have you guys considered dedicating certain % to instamining?

UPDATE 09/05/2014

We made a promise to our unitholders to start the deployment of the SCRYPT-X mine mid-May.

We are pleased to announce that, only 48 hours after the IPO, the SCRYPT-X mine is already hashing at 2 GH/s or 1% of the LTC network.

This means our unitholders can expect their first dividend to be paid as early as next Friday the 16th of May.

You can find a screenshot here:
http://www.cryptx.com/scrypt-x-reaches-1-of-ltc-network-only-48-hours-after-ipo/

[spazzcat]

...
No one is saying that people prefer to buy the more expensive IPO. My point was that some people are under the impression that the price is the higher price and they are still willing to buy even at the higher price. This demonstrates market support for the higher price (Compared to not buying at all, not compared to a lower price)...

You seem to be intentionally missing the point.  These finance enthusiasts, presented with the option of buying @ ฿0.0425 and ฿0.041, chose the more expensive option.  Even after Havelock added some helpful financial tips ...in gigantic red type:
http://s11.postimg.org/9jrnypkmb/Capture.jpg

It is safe to assume that those who chose to pay more did so due to error, a mental deficiency, as a prank, or as an affront to what us mundanes call "common sense."

Interpreting such as market's support of higher prices is ridiculous.

I am guessing these are the same people that buy high and sell low...

[Usman056]

...
No one is saying that people prefer to buy the more expensive IPO. My point was that some people are under the impression that the price is the higher price and they are still willing to buy even at the higher price. This demonstrates market support for the higher price (Compared to not buying at all, not compared to a lower price)...

You seem to be intentionally missing the point.  These finance enthusiasts, presented with the option of buying @ ฿0.0425 and ฿0.041, chose the more expensive option.  Even after Havelock added some helpful financial tips ...in gigantic red type:
http://s11.postimg.org/9jrnypkmb/Capture.jpg

It is safe to assume that those who chose to pay more did so due to error, a mental deficiency, as a prank, or as an affront to what us mundanes call "common sense."

Interpreting such as market's support of higher prices is ridiculous.

I am guessing these are the same people that buy high and sell low...

its probably someone's bot doing that mess. they're gonna be mad when they find out..

[hansolo93]

anyone knows how much the dividend per share gonna be?

[pleiotropik]

anyone knows how much the dividend per share gonna be?

for this 16th of may i wager: ((( 0.00022 )))

[stompysteve]

anyone knows how much the dividend per share gonna be?

for this 16th of may i wager: ((( 0.00022 )))

I thinki mathed this way wrong with 2gh I got like .001 per share if batch 3 gets sold?

Can anyone come up with a good breakdown

[stompysteve]

Lets say with 2GH you can mine 300 ltc a day or 2100 a week or ~50btc, so if batch 3 sells out and at 55% divs would be 27.5 btc/30000 shares
0.00091666666
am I seeing this wrong??

[MPalokaj]

Lets say with 2GH you can mine 300 ltc a day or 2100 a week or ~50btc, so if batch 3 sells out and at 55% divs would be 27.5 btc/30000 shares
0.00091666666
am I seeing this wrong??

If that is an indication of the dividends for the coming year that leaves breakeven at 41 weeks. Hmm, ok scratch that since 2GH/s is only a fifth of what we should have by mid-may.

Would be fun if one of the PETA thread people could work their math magic on some predictions. Honestly I'm not sure how to predict Ltc mining efficiency or what the diff trends are.

[trek27]

If that is an indication of the dividends for the coming year that leaves breakeven at 41 weeks. Hmm, ok scratch that since 2GH/s is only a fifth of what we should have by mid-may.

Deployment target depends on the number of units sold during IPO (currently ~24,5k). 10GH/s would require 100k units which is difficult to imagine as of now. Notwithstanding economy of scale the deployment hash rate doesn't affect dividend per share.

Oh, maybe the first one    

[stompysteve]

no one is gonna chime in and destroy my div math
anyone?

[webbrowser]

Let me give it a go.  

Innosilicon A2 boxes run at 150MH/s consuming about/under 1kW.  SCRYPT-X1 miners run at 85MH/s, so should consume under 600W each.  2GH of these miners should consume about 14.1kWh.  Cryptx charges $0.25/kWh, so weekly overhead fees should total 168 hours * $0.25 * 14.1 =~ $600

We are currently mining DOGE since it is more profitable than LTC? Plugging these numbers into the Dogecoin mining calculator at http://www.coinwarz.com/calculators/dogecoin-mining-calculator indicates that 44 BTC would remain after subtracting overheads.

Let's go with cryptx's 50% reinvestment rate as per prospectus forecast, so 22 BTC is left in dividends.  Divide by 30k shares for 0.0007333

I don't know why I ended up with lower figures despite the assertion than DOGE is more profitable.