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

[E f f e c T]

All this talk about litecoins exponential difficulty growth...

https://bitcoinwisdom.com/litecoin/difficulty

Litecoins difficulty is FALLING.

I assumed it would be higher with all the talk that's going on here but nope, it's been dropping. Looks like we're getting in at the perfect time.

In the whole of April it grew by less than 25% and looks to now be receding. As it stands, we are already 10% better off than what was in the projections

And the projections are assuming we are only mining litecoin, which we are not. I'm quite excited to know what multipool we will be using using. If its auto switching which they all usually are, we should see an extra 10-15% per week in revenue ontop of what's being projected

Exciting stuff.

[webbrowser]

@CryptX, by my calculations the retail cost of an 86MH A2 miner from Innosilicon is around US$0.12 per KH of mining power for purchases of 10 or more units (admittedly without freight).  However, the Scrypt-X share pricing above works out to a price per KH of ~US$0.16 (at US$420/BTC), or a 33% premium.  What is the reasoning behind this difference in price?

At curent prices you would pay 163.4 usd per MH for the first 10.000 units. (much more if btc will rise)

* You are buying shares of a managed project, not plain hardware

I believe the management fees to be built-in to the $0.25/kWh fees.  This should nicely account for management fees as it varies with increased hash rate.

I thought it likely that you are hedging against a fall in exchange rates, since shareholders expect to get at least 100 KH/s regardless of the exchange rates.  If so, I thought it better to promise a hashrate based on a formula against the exchange rate at the time of exchange, rather than eating 33% in fees up-front.  You could still take a reasonable fee and remove your risk at the same time.

[stompysteve]

why are people still buying up the 4th batch before the 3rd is sold out 

10000/9878

[NotLambchop]

Because bitcoin securities

[altoidmintz]

why are people still buying up the 4th batch before the 3rd is sold out 

10000/9878

lol

[pleiotropik]

In the grand scheme of things, when Scrypt starts doling out dividends, the diff between .041 and .0425 (0.60USD) will be seen as trivial. We will see a second more vigorous wave of investment.
What we have seen is just the tip of the investment pressure, stakeholders putting in some spare to average the price once proof of engines working is given. 

[hephaist0s]

And this just in via email:

----

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

[currencydebt]

Sweet, we are happily hashing away already!!!

[cryptx]

Indeed, we're hashing! Just to officially confirm the message we have sent out earlier to investors:

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

[stompysteve]

Indeed, we're hashing! Just to officially confirm the message we have sent out earlier to investors:

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

now that hashing has started will peta see the reduction in hosting as soon as this week?

[EnJoyThis]

Indeed, we're hashing! Just to officially confirm the message we have sent out earlier to investors:

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

Will there also be a hashing stats page with some graphs just like peta?

Which wallet address can we monitor in order to view the earnings?


Alot of ppl did not believe there was any hashes being done before the 15th but you managed to get it even a week earlier.

Cheers and have a nice Belgian beer like Trapist, just to celebrate a succesfull IPO.

[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.

*cough* *cough*

 

[fourhundredapm]

Indeed, we're hashing! Just to officially confirm the message we have sent out earlier to investors:

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

Will there also be a hashing stats page with some graphs just like peta?

Which wallet address can we monitor in order to view the earnings?


Alot of ppl did not believe there was any hashes being done before the 15th but you managed to get it even a week earlier.

Cheers and have a nice Belgian beer like Trapist, just to celebrate a succesfull IPO.

You won't get an answer. These guys are most likely leasing hashing from others

[mikemikemike]

Indeed, we're hashing! Just to officially confirm the message we have sent out earlier to investors:

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

Will there also be a hashing stats page with some graphs just like peta?

Which wallet address can we monitor in order to view the earnings?


Alot of ppl did not believe there was any hashes being done before the 15th but you managed to get it even a week earlier.

Cheers and have a nice Belgian beer like Trapist, just to celebrate a succesfull IPO.

You won't get an answer. These guys are most likely leasing hashing from others

Wanna escrow a bet on that?

 

[stompysteve]

Indeed, we're hashing! Just to officially confirm the message we have sent out earlier to investors:

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

Will there also be a hashing stats page with some graphs just like peta?

Which wallet address can we monitor in order to view the earnings?


Alot of ppl did not believe there was any hashes being done before the 15th but you managed to get it even a week earlier.

Cheers and have a nice Belgian beer like Trapist, just to celebrate a succesfull IPO.

You won't get an answer. These guys are most likely leasing hashing from others

you spelt "im an idiot" wrong, they are hosting along with the petamine project, hence the hosting fee being lowered......

[EnJoyThis]

Indeed, we're hashing! Just to officially confirm the message we have sent out earlier to investors:

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

Will there also be a hashing stats page with some graphs just like peta?

Which wallet address can we monitor in order to view the earnings?


Alot of ppl did not believe there was any hashes being done before the 15th but you managed to get it even a week earlier.

Cheers and have a nice Belgian beer like Trapist, just to celebrate a succesfull IPO.

You won't get an answer. These guys are most likely leasing hashing from others

If you're jealous, you can still join the party and buy some shares.

[DebitMe]

Indeed, we're hashing! Just to officially confirm the message we have sent out earlier to investors:

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

Will there also be a hashing stats page with some graphs just like peta?

Which wallet address can we monitor in order to view the earnings?


Alot of ppl did not believe there was any hashes being done before the 15th but you managed to get it even a week earlier.

Cheers and have a nice Belgian beer like Trapist, just to celebrate a succesfull IPO.

You won't get an answer. These guys are most likely leasing hashing from others

Thank you barely a month old account for your ever so inspiring and informed addition to the discussion at hand! Pat on the back to you for single handidly calling out the entire operation and putting an end to this, "scam" organization.  Hats off to you.

[kenmomotaro]

Indeed, we're hashing! Just to officially confirm the message we have sent out earlier to investors:

First of all we like to thank our early investors for their support and trust in the Scrypt-X project. We took a blazing start with the IPO yesterday and would like to announce that we want to live up to this enthusiasm and started with the deployment of our first scrypt miners today and additional miners already on their way!

http://www.cryptx.com/early-deployment-of-scrypt-miners/

Will there also be a hashing stats page with some graphs just like peta?

Which wallet address can we monitor in order to view the earnings?


Alot of ppl did not believe there was any hashes being done before the 15th but you managed to get it even a week earlier.

Cheers and have a nice Belgian beer like Trapist, just to celebrate a succesfull IPO.

You won't get an answer. These guys are most likely leasing hashing from others

Did you see the picture in Petamine's data center?
Don't spread FUD.

[altoidmintz]

Hashing already. SCRYPT is undervalued.

I estimate a full sale of 1k BTC by the end of the IPO.

[stompysteve]

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

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