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

[GT3000]

I didn't receive a dividend, what's the deal?

[1714782644]

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[1714782644]

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[1714782644]

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[rdyoung]

I didn't receive a dividend, what's the deal?

It was announced but not paid yet. They likely put the div in as they were making the deposit to havelock. We will see dividends sometime soon.

[GT3000]

I didn't receive a dividend, what's the deal?

It was announced but not paid yet. They likely put the div in as they were making the deposit to havelock. We will see dividends sometime soon.

Ahhhh. Nevermind then. I just woke up. Still rubbing the eye crusties out.

[ThePbMax]

I don't think I understand this 100% yet(maybe a lot less), but don't the current dividends represent 2 IPO batches of hash power paying out to almost 3 IPO batches of shares?  Won't the yield be significantly greater after Tuesday when the remaining hashing power arrives.  Considering the current price, doesn't that make the potential next week dividend extremely high considering they are already at +70% yearly return(ignoring Havelocks calculations)?  The price seems to have gone down since dividend announcement so I think I missed something.  

[stompysteve]

I don't think I understand this 100% yet(maybe a lot less), but don't the current dividends represent 2 IPO batches of hash power paying out to almost 3 IPO batches of shares?  Won't the yield be significantly greater after Tuesday when the remaining hashing power arrives.  Considering the current price, doesn't that make the potential next week dividend extremely high considering they are already at +70% yearly return(ignoring Havelocks calculations)?  The price seems to have gone down since dividend announcement so I think I missed something.  

we are at 74% return at current share price of 0.04049999
it shouldn't be significantly greater but i guess around 1/3, but they aren't even gonna get the machines up until tuesday minimum

[ThePbMax]

I don't think I understand this 100% yet(maybe a lot less), but don't the current dividends represent 2 IPO batches of hash power paying out to almost 3 IPO batches of shares?  Won't the yield be significantly greater after Tuesday when the remaining hashing power arrives.  Considering the current price, doesn't that make the potential next week dividend extremely high considering they are already at +70% yearly return(ignoring Havelocks calculations)?  The price seems to have gone down since dividend announcement so I think I missed something. 

we are at 74% return at current share price of 0.04049999
it shouldn't be significantly greater but i guess around 1/3, but they aren't even gonna get the machines up until tuesday minimum

I see.  I'm new here as you can see, so that seemed high to me.  If dividend yield went up a 1/3 that would bring annual return to over 100% I think.  What do people here consider a good return for the risk of this project?

[coinhuddle]

I don't think I understand this 100% yet(maybe a lot less), but don't the current dividends represent 2 IPO batches of hash power paying out to almost 3 IPO batches of shares?  Won't the yield be significantly greater after Tuesday when the remaining hashing power arrives.  Considering the current price, doesn't that make the potential next week dividend extremely high considering they are already at +70% yearly return(ignoring Havelocks calculations)?  The price seems to have gone down since dividend announcement so I think I missed something. 

we are at 74% return at current share price of 0.04049999
it shouldn't be significantly greater but i guess around 1/3, but they aren't even gonna get the machines up until tuesday minimum

I see.  I'm new here as you can see, so that seemed high to me.  If dividend yield went up a 1/3 that would bring annual return to over 100% I think.  What do people here consider a good return for the risk of this project?

This is roughly in line with where PETA has been.. 70% yield.
I'm happy with Scrypt so far. If Tuesday happen, share price will go up.

https://www.havelockinvestments.com/fund.php?symbol=SCRYPT

It would be nice if havelock could update the yield calculation to be accurate. I don't want current investors to get scared away from a clerical error.

[havelock]

Since this is the first dividends they are calculated monthly. Once they make another payment it will automatically adjust.

[Elvis Trout]

Since this is the first dividends they are calculated monthly. Once they make another payment it will automatically adjust.

Ahh ok, I wondered why that always happened

[Anotheranonlol]

I want to sell my shares. If anyone wants in let me know. Just to clarify, this is for two reasons.

1) The projections had a clearly misleading error that was highlighted multiple times on this forum, yet it was never fixed or addressed.
2) changing the reinvestment percentage without notice. Don't get me wrong, it is a good thing for the long term, but it's not for the short term, and this is now the second time I feel I've been misled.

Don't get me wrong, I think this project will be a massive success. But I'm not going to support these people if this is how they threat their investors. I did it once, not again.

Anyways, I'm done.

PM me your offer. Ill only sell in blocks over 100

Escrow only.

Jumped ship from peta to scryptx to capitalise on the hype short term and feeling a little burned on latest updates?

[Anotheranonlol]

I want to sell my shares. If anyone wants in let me know. Just to clarify, this is for two reasons.

1) The projections had a clearly misleading error that was highlighted multiple times on this forum, yet it was never fixed or addressed.
2) changing the reinvestment percentage without notice. Don't get me wrong, it is a good thing for the long term, but it's not for the short term, and this is now the second time I feel I've been misled.

Don't get me wrong, I think this project will be a massive success. But I'm not going to support these people if this is how they threat their investors. I did it once, not again.

Anyways, I'm done.

PM me your offer. Ill only sell in blocks over 100

Escrow only.

Jumped ship from peta to scryptx to capitalise on the hype short term and feeling a little burned on latest updates?

Yes, and no. I still have a sizeable amount of PETA shares which I'm selling off from at a huge profit as the day goes. But the timing of this was all wrong. They made quite a bit of money from this IPO, something I never mentioned. They also made an exuberant amount of money with PETA's old hosting fees, even when PETA was dying, something which I let slide. But this is the last nail in the coffin for me. There are two other securities I'd like to spend my capital, I think one of them will be listed on havelock soon and the other already is.

fair enough. Divs in AM corner have been dry as a biscuit for a long time now, and certainly those die hard bunch are waiting for any opportunity to pump the share price up now well beyond what they are reasonably worth so you've got a good chance there at least, dunno about the other offering. good luck

[cryptx]

only 40% of profits for div?

im assuming something to do with us not getting to 10GH off the jump? would like a little explanation on this

As in the prospectus: The used percentage of reinvestment is indicative and will be determined by market conditions at that time.
We are managing this project with long term strategy in mind and reinvestment will determine if we are going to be a long or short term player.

[IamNotSure]

As in the prospectus: The used percentage of reinvestment is indicative and will be determined by market conditions at that time.
We are managing this project with long term strategy in mind and reinvestment will determine if we are going to be a long or short term player.

Fair enough, I think you know best what to do.

Thanks for this clarification.

[Usman056]

only 40% of profits for div?

im assuming something to do with us not getting to 10GH off the jump? would like a little explanation on this

As in the prospectus: The used percentage of reinvestment is indicative and will be determined by market conditions at that time.
We are managing this project with long term strategy in mind and reinvestment will determine if we are going to be a long or short term player.

+1

i hope that when doing the currency exchange, you use the best ltc/btc ratio in addition to multiple exchanges as to not destroy the order books or collapse the prices . But i'm sure that you've thought of that 

[rdyoung]

only 40% of profits for div?

im assuming something to do with us not getting to 10GH off the jump? would like a little explanation on this

As in the prospectus: The used percentage of reinvestment is indicative and will be determined by market conditions at that time.
We are managing this project with long term strategy in mind and reinvestment will determine if we are going to be a long or short term player.

+1

i hope that when doing the currency exchange, you use the best ltc/btc ratio in addition to multiple exchanges as to not destroy the order books or collapse the prices . But i'm sure that you've thought of that 

They are using ghashs multipool, they autoconvert to btc if you choose it. They likely do it internally.

[webbrowser]

Calculation of dividend:
1,905 LTC or 44.40678736 BTC in total from mining
-   16.86671494 BTC as dividend (0.00057296 BTC/share)
-   25.30007242 BTC reinvestment
-   2.24 BTC as hosting fee

Thanks cryptx.  I think it's fair for you to choose the reinvestment ratio that you deem to be in the best interests of shareholders.

Since we don't have mining statistics, like PETA had when running on eligius, can you shed some light on the following so that we can understand whether we had bad luck or our miners eat power?

- I assume that SCRYPT-X1 miners are at least as power efficient as Innosilicon's A2 miners, else we would be paying more than the market rate to build worse miners.

- On that assumption, 2.24 BTC of hosting fees are consistent with mining for a little over 1.5 weeks.  Correct?

- But the 1905 LTC or 44.40678736 BTC  mining rewards are consistent with mining for approximately 1 week.

[fractal02]

If the same PETA team is behind SCRYPT, i'm going to invest.

Long term is the best option.

[cesmak]

If the same PETA team is behind SCRYPT, i'm going to invest.

Long term is the best option.

Yes it is !

[IamNotSure]

Any news about the next 0.944 Gh/s  ?

Any progress for a web page to monitor the mine ?

Thx !

[webbrowser]

cryptx just confirmed that the IPO hash rate is fully deployed.  Good job!

Would still be nice to get the hashrate stats on a webpage.

And I guess Sean's Outpost wins.