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

[MPalokaj]

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.

Still under a year to ROI though ^^

[Anonymousg64]

thats pretty good, consider that the reinvestment is not lost, future dividends will show for it, so we can expect a good increases in dividends as time goes by.

it will be making slightly more per share then PETA when looking at yeild

[rdyoung]

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

No, because they are using ghashs multipool. The profits from coin to coin will be varied, I have seen doge at 150% vs ltc.
Its practically impossible to do the math as we don't and can't have all the variables.

For those just tuning in, a multipool switches the coin its mining based on the profitability of that coin vs ltc or btc.

[rdyoung]

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.

This is why I am not taking a stab at this. Way too many variables that we can't have.
Plus, you have to factor the possible growth of ltc/btc. If/as ltc rises in value against btc then our dividends will go up.

[altoidmintz]

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.

This is why I am not taking a stab at this. Way too many variables that we can't have.
Plus, you have to factor the possible growth of ltc/btc. If/as ltc rises in value against btc then our dividends will go up.

+1

[EnJoyThis]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

[stompysteve]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

we get 1GH per IPO sold out

we are at 2GH right now, probably less then 50btc for the week minus hosting so ~22BTC/27000 shares
if the rest of the 3rd is sold then
~0.00073333333 for divs

[EnJoyThis]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

we get 1GH per IPO sold out

we are at 2GH right now, probably less then 50btc for the week minus hosting so ~22BTC/27000 shares
if the rest of the 3rd is sold then
~0.00073333333 for divs

Should also factor in variance!

[stompysteve]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

we get 1GH per IPO sold out

we are at 2GH right now, probably less then 50btc for the week minus hosting so ~22BTC/27000 shares
if the rest of the 3rd is sold then
~0.00073333333 for divs

Should also factor in variance!

variance of what?

[EnJoyThis]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

we get 1GH per IPO sold out

we are at 2GH right now, probably less then 50btc for the week minus hosting so ~22BTC/27000 shares
if the rest of the 3rd is sold then
~0.00073333333 for divs

Should also factor in variance!

variance of what?

Of finding blocks, would be nice if every block was found after exactly x amount of submitted shares.

With PETA there is page with graphs of speed and a btc wallet where payouts are withdrawn to. I would prefer to have the same transparancy for SCRYPT too.

[stompysteve]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

we get 1GH per IPO sold out

we are at 2GH right now, probably less then 50btc for the week minus hosting so ~22BTC/27000 shares
if the rest of the 3rd is sold then
~0.00073333333 for divs

Should also factor in variance!

variance of what?

Of finding blocks, would be nice if every block was found after exactly x amount of submitted shares.

With PETA there is page with graphs of speed and a btc wallet where payouts are withdrawn to. I would prefer to have the same transparancy for SCRYPT too.

Im not sure you understand how mining works, each block is found after the correct share is sumbitted not x amount of shares
mining is a random process there is no guarantee of finding a block in a finite time.

but yea they should add a neat graph at some point, give them some time the IPO isnt even over

[EnJoyThis]

Im not sure you understand how mining works, each block is found after the correct share is sumbitted not x amount of shares
mining is a random process there is no guarantee of finding a block in a finite time.

Are you trying to lecture me on how mining works??

Please lookup the meaning of the word variance, than you'll see that all the words you need to explain something can be abbreviated to one word "variance".

Cheers

[stompysteve]

Im not sure you understand how mining works, each block is found after the correct share is sumbitted not x amount of shares
mining is a random process there is no guarantee of finding a block in a finite time.

Are you trying to lecture me on how mining works??

Please lookup the meaning of the word variance, than you'll see that all the words you need to explain something can be abbreviated to one word "variance".

Cheers

i thought you just meant variance in hash speed....

[webbrowser]

And when mining DOGE, there is also variance in block rewards!

Variables, Schmariables...

[mutex]

And when mining DOGE, there is also variance in block rewards!

Nope, they changed that during the last fork.

[trek27]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

I concur, a bit of info would be appreciated.

[Usman056]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

I concur, a bit of info would be appreciated.

+2

[Eincoinhase]

At the least your investors paying your equipment.

[cryptx]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

We are working on the stats, should be finished early next week.

[EnJoyThis]

@cryptx

I would really like to have some insight in stats on both hashrate and revenue.

any ETA on this?

Thanks

We are working on the stats, should be finished early next week.

Thanks, will be looking forward to it.

Cheers