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

[jjjohnson]

I think their will be only 3 batch for sell, just a feeling I'm getting... Cryptx will keep 2 batch on the side for now

aren't there 10 batches in total?

[cryptoconomist]

I think their will be only 3 batch for sell, just a feeling I'm getting... Cryptx will keep 2 batch on the side for now

aren't there 10 batches in total?

for today I meant sorry

maybe 2 on Friday? then... ?

Edit: it's also where I want to buy on Friday

[stompysteve]

I think their will be only 3 batch for sell, just a feeling I'm getting... Cryptx will keep 2 batch on the side for now

?

[ujka]

Any ideas on when it will be open for open market trading?  it seems it opens up for a few minutes after each batch sells out, then they close it.

That was a mistake.
IPO ends on May 15th. Open market trading can start only after that.

[jimmothy]

So people are buying this stock and apparently nobody cares that the projections in the prospectus are inaccurate?

Ignoring the fact that difficulty will be probably twice the measly 8% they predict and the fact that they won't get 10gh online by the 15th.

Dividends projections in 1 year add up to less than 100% instead of 200% like advertised.

When you consider realistic difficulty increases we are looking at around 20% ROI in 1 year vs the 200% advertised.

[Benny1985]

So people are buying this stock and apparently nobody cares that the projections in the prospectus are inaccurate?

Ignoring the fact that difficulty will be probably twice the measly 8% they predict and the fact that they won't get 10gh online by the 15th.

Dividends projections in 1 year add up to less than 100% instead of 200% like advertised.

When you consider realistic difficulty increases we are looking at around 20% ROI in 1 year vs the 200% advertised.

It'd be really stupid of them not to be able to get it online shortly after that if they have a data center and a partner for A2 boxes.

If I had ~1000 Bitcoins, I could probably get about 3GH up by next week without any sort of "Exclusive" contract that they speak of.

[mikemikemike]

So people are buying this stock and apparently nobody cares that the projections in the prospectus are inaccurate?

Ignoring the fact that difficulty will be probably twice the measly 8% they predict and the fact that they won't get 10gh online by the 15th.

Dividends projections in 1 year add up to less than 100% instead of 200% like advertised.

When you consider realistic difficulty increases we are looking at around 20% ROI in 1 year vs the 200% advertised.

The projections as a whole are a joke. For example, they are assuming BTC and LTC will stay the same. Which is crazy. If they could predict them accurately then the ROI cold swing anywhere from 10% to 1000%. It screws up reinvestment, difficulty, everything. There's no point having them there.

Even with that though I've still invested.

They will have the machines online by the 15th, the Monday after by the latest. Ill happily escrow a bet with you for that. If you knew these people and followed the last few months of PETA you would understand.

The way I'm looking at it, it's better to buy into their company and receive dividends, than it would be for me to buy these 87 TH/s machines, have them shipped over, pay taxes, pay a monthly hosting fee, pay electricity ect ect

These are some of, if not the best price/performance/cost machines on the market. Saying your not going to get an ROI is the same as saying no miners will get an ROI. And if that was the case, all the networks and miners would cease to exist and the difficulty would shoot down towards zero

[jimmothy]

So people are buying this stock and apparently nobody cares that the projections in the prospectus are inaccurate?

Ignoring the fact that difficulty will be probably twice the measly 8% they predict and the fact that they won't get 10gh online by the 15th.

Dividends projections in 1 year add up to less than 100% instead of 200% like advertised.

When you consider realistic difficulty increases we are looking at around 20% ROI in 1 year vs the 200% advertised.

It'd be really stupid of them not to be able to get it online shortly after that if they have a data center and a partner for A2 boxes.

If I had ~1000 Bitcoins, I could probably get about 3GH up by next week without any sort of "Exclusive" contract that they speak of.

Do you really think it is that easy to get 100kw worth of equipment running within a week?

If they had all the working miners in hand I would say it is possible but as far as I know they haven't even been shipped the chips let alone ready to plug in miners.

Anyways even if 10gh is online it doesn't matter because their projections are so inaccurate. They are advertising 10 times what is a realistic return.

[Korbman]

So people are buying this stock and apparently nobody cares that the projections in the prospectus are inaccurate?

Ignoring the fact that difficulty will be probably twice the measly 8% they predict and the fact that they won't get 10gh online by the 15th.

Dividends projections in 1 year add up to less than 100% instead of 200% like advertised.

When you consider realistic difficulty increases we are looking at around 20% ROI in 1 year vs the 200% advertised.

The projections as a whole are a joke. For example, they are assuming BTC and LTC will stay the same. Which is crazy. If they could predict them accurately then the ROI cold swing anywhere from 10% to 1000%. It screws up reinvestment, difficulty, everything. There's no point having them there.

Even with that though I've still invested.

[...]

This is my feeling on the matter as well. I know full well their projections are going to be *way* off. I invested because they'll be one of the first few large scrypt ASIC miners to come online before the torrent of Alpha Tech, KnC, etc hardware comes along....that, and I also do my own due diligence when it comes to this stuff, pretty much ignoring most of the presented prospectus, and developing my own projections on earnings.

On top of that, my plan is to convert any dividends back into Litecoin. If I'm investing in scrypt gear, I want to hold at least some of my earnings in coins based on the algorithm. 

[jimmothy]

They will have the machines online by the 15th, the Monday after by the latest. Ill happily escrow a bet with you for that. If you knew these people and followed the last few months of PETA you would understand.

I'd take that bet.

0.05 btc to seans outpost (loser pays)

For you to win peta must have all machines online by 15th of may. All being equal to 100kh/share.

Deal?

[NotLambchop]

... Saying your not going to get an ROI is the same as saying no miners will get an ROI. And if that was the case, all the networks and miners would cease to exist and the difficulty would shoot down towards zero

No.  The only thing that needs to happen for mining to continue is miners *believing* they would ROI.  Most miners lose money, yet the hashrate is climbing just fine.

[mikemikemike]

They will have the machines online by the 15th, the Monday after by the latest. Ill happily escrow a bet with you for that. If you knew these people and followed the last few months of PETA you would understand.

I'd take that bet.

0.05 btc to seans outpost (loser pays)

For you to win peta must have all machines online by 15th of may. All being equal to 100kh/share.

Deal?

The Monday after by the latest. That's my bet.

... Saying your not going to get an ROI is the same as saying no miners will get an ROI. And if that was the case, all the networks and miners would cease to exist and the difficulty would shoot down towards zero

No.  The only thing that needs to happen for mining to continue is miners *believing* they would ROI.  Most miners lose money, yet the hashrate is climbing just fine.

The miners who lose money are the ones with poor price/performance/cost. They are the ones that preorder machines that turn up three months late.

This isn't the case here. These are some of, if not the best price/performance/cost and they are ready for delivery.

Anyways, I'm not here to defend this project. Ive spent far too much of my time on this forum defending the peta project from accusations like this since the price was at 0.05, and now its at 0.075. im not doing it again. If you don't want to invest don't. Some people here are, some people here arn't. Only time will tell who was correct.

[jimmothy]

They will have the machines online by the 15th, the Monday after by the latest. Ill happily escrow a bet with you for that. If you knew these people and followed the last few months of PETA you would understand.

I'd take that bet.

0.05 btc to seans outpost (loser pays)

For you to win peta must have all machines online by 15th of may. All being equal to 100kh/share.

Deal?

The Monday after by the latest. That's my bet.

Deal.

[mikemikemike]

They will have the machines online by the 15th, the Monday after by the latest. Ill happily escrow a bet with you for that. If you knew these people and followed the last few months of PETA you would understand.

I'd take that bet.

0.05 btc to seans outpost (loser pays)

For you to win peta must have all machines online by 15th of may. All being equal to 100kh/share.

Deal?

The Monday after by the latest. That's my bet.

Deal.

Done.

On a side note, fair play for making this to SO. If I win and you make the payment ill match it aswell as a goodwill gesture

[sporket]

@mikemikemike:  I pointed out your "miners must make money to keep mining" argument is junk.  It fails conceptually and empirically.
I have said nothing about investing -- do whatever's fun for you.

[mikemikemike]

@mikemikemike:  I pointed out your "miners must make money to keep mining" argument is junk.  It fails conceptually and empirically.
I have said nothing about investing -- do whatever's fun for you.

Where? You've never made a post in this thread.

You might want to check which one of your troll accounts your logged into before you post.

[sporket]

^
And I would have gotten away with it too, if it weren't for you meddling kids

@mikemikemike:  And as for you, my fine lady, it's true I can't attend to you here and now as I'd like; but just try to stay out of my way – just try! I'll get you, my pretty, and your little dog too!

[pleiotropik]

Trollnado. 

[NotLambchop]

Let me lay some science on you, kspencer93 and mikemikemike:

1. Lambchop is a sock, because fact.
2. NotLambchop is the opposite of Lambchop, so not a sock.  Because logic.
2. I'm NotLambchop.
∴  I'm not a sock.

[stompysteve]

^
And I would have gotten away with it too, if it weren't for you meddling kids

@mikemikemike:  And as for you, my fine lady, it's true I can't attend to you here and now as I'd like; but just try to stay out of my way – just try! I'll get you, my pretty, and your little dog too!

Lol