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

[mikemikemike]

Assuming the following...

Week 1

-We have added no more units this week
-The total amount of shares sold will be 30,000

BTC Mined - 45.5
Dividend - 21.63
Dividend Per Share - 0.000721
Yield - 91.4% @ Share Price of 0.041

Week 2

-We have added the remaining 1GH/s
-Difficulty has gone up 10%

BTC Mined - 61.425
Dividend - 29.03
Dividend Per Share - 0.000967
Yield - 122.6% @ Share Price of 0.041

These projections are very conservative because of the following factors

Week 1

- I am not including any BTC mined before Friday the 9th
- I am assuming CryptX hasn't added any new units since Friday the 9th
- I am assuming the only coined mined is LTC
- I am using the higher current difficulty, not the average difficulty over the week

Week 2

- I am assuming difficulty will rise 10% in the following week when it has fallen slightly over the past week
- I have not included any new reinvestment machines when calculating BTC mined
- I am assuming the only coined mined is LTC

My actual projections for these weeks are more optimistic, but I'm not going to share those as publishing conservative estimates is always best. If I can get some alone time at the beach this week ill redo CryptX's original projections as they have far too many static factors and as such are linear in nature. they are also not relevant anymore as they use a number of outdated figures such as shares issued, difficulty, shareprice, hashrate and coin prices. They also do not account for a multipool average rate of return and there is also a pretty serious error that has been highlighted here but not rectified. Ill probably put together a few different scenarios relating to BTC and LTC's performance over the coming months to give a more varied overview

Hope you all have a good week,

Peaceeeeeee

[Oztwinpeaks]

Assuming the following...

Week 1

-We have added no more units this week
-The total amount of shares sold will be 30,000

BTC Mined - 45.5
Dividend - 21.63
Dividend Per Share - 0.000721
Yield - 91.4% @ Share Price of 0.041

Week 2

-We have added the remaining 1GH/s
-Difficulty has gone up 10%

BTC Mined - 61.425
Dividend - 29.03
Dividend Per Share - 0.000967
Yield - 122.6% @ Share Price of 0.041

These projections are very conservative because of the following factors

Week 1

- I am not including any BTC mined before Friday the 9th
- I am assuming CryptX hasn't added any new units since Friday the 9th
- I am assuming the only coined mined is LTC
- I am using the higher current difficulty, not the average difficulty over the week

Week 2

- I am assuming difficulty will rise 10% in the following week when it has fallen slightly over the past week
- I have not included any new reinvestment machines when calculating BTC mined
- I am assuming the only coined mined is LTC

My actual projections for these weeks are more optimistic, but I'm not going to share those as publishing conservative estimates is always best. If I can get some alone time at the beach this week ill redo CryptX's original projections as they have far too many static factors and as such are linear in nature. they are also not relevant anymore as they use a number of outdated figures such as shares issued, difficulty, shareprice, hashrate and coin prices. They also do not account for a multipool average rate of return and there is also a pretty serious error that has been highlighted here but not rectified. Ill probably put together a few different scenarios relating to BTC and LTC's performance over the coming months to give a more varied overview

Hope you all have a good week,

Peaceeeeeee

Thanks for the breakdown. That looks very positive in outlook.

[mikemikemike]

Also, something seems very wrong with havelock. If you compare the share capital listed to the shares sold there is a big discrepancy.

(10000x0.038) + ( 10000x0.0395) + (8769x0.041) + (215x0.0425) = 1143.6665 BTC
While the share capital on havelock is 1188 BTC

[havelock]

Market Cap is calculated total units outstanding X last price

Units Outstanding   28984

Last Price   ฿0.04100000

Market Cap   ฿1188.3440

[mikemikemike]

Market Cap is calculated total units outstanding X last price

Units Outstanding   28984

Last Price   ฿0.04100000

Market Cap   ฿1188.3440

Ahhh I thought that was the share cap not the market cap. You might want to add an M before the cap, for shares still in IPO it's a little confusing

[DropDead.Be]

In the prospectus it says that IPO will end 15/05/2014 or when all batches are sold, so that would be today.
Can't or musn't this be prolonged by another week?

[mikemikemike]

In the prospectus it says that IPO will end 15/05/2014 or when all batches are sold, so that would be today.
Can't or musn't this be prolonged by another week?

Nope. It ends today.

[IamNotSure]

In the prospectus it says that IPO will end 15/05/2014 or when all batches are sold, so that would be today.
Can't or musn't this be prolonged by another week?

Nope. It ends today.

Thanks for you analysis mikemike. I made a rough estimate that was more or less the same. Excellent return for a 50% reinvestment project.

Indeed, the market should open right after the end of the IPO. Actually it's better to have less shares sold at IPO for the current unitholders since before ScryptX reach full capacity (100 KH/s per unit) it'll dilute the dividends between them.

At the moment, if they are still hashing at 2Gh/s, deployement is ~69% done.

[SamboNZ]

So I'm guessing we should see our first dividend payment any time now?

Edit: After reading the prospectus again I see that the payments are on a Friday, so I guess that means 'today' at some stage (I'm in New Zealand where Friday is almost over! )

[mikemikemike]

So I'm guessing we should see our first dividend payment any time now?

Edit: After reading the prospectus again I see that the payments are on a Friday, so I guess that means 'today' at some stage (I'm in New Zealand where Friday is almost over! )

Expect it in around 4-6 hours time

[EdoBcn]

i'm really curious to see div and maths here.

 

[stompysteve]

2014-05-15 12:55:56
   6455/6455   ฿0.10000000   ฿645.5000

thats a pretty hefty chunk of shares for one person

[EnJoyThis]

2014-05-15 12:55:56
   6455/6455   ฿0.10000000   ฿645.5000

thats a pretty hefty chunk of shares for one person

Do you want me to cancel my order?

*joke*

[DebitMe]

Looks like div of ฿0.00057296 per share

[Elvis Trout]

Looks like div of ฿0.00057296 per share

Havelock is saying 19% yield, doesn't seem right to me

[cryptx]

First of all we like to thank all of you for your confidence in CryptX and in the SCRYPT-X project. We strive to make this the most successful scrypt mining operation out there.

The IPO was a great success with the sale of 29,438 units. The units are already trading at a markup of 10% over the initial IPO price.

What happened so far?
We managed to over deliver on our promise and deployed 2 GH/s only 48 hours after the start of the IPO. This means we will be able to pay our first dividend today.

What will happen in the near future?
29,438 Units are sold, which means we are going to deploy 2,944 Mh/s or 2.944 Gh/s of scrypt hash power. We are expecting the next 0.944 Gh/s of hash power to arrive here on Tuesday.

What is our long term strategy?
Our long term strategy is to create value for our unit holders.  Unit value can be created by investing in the future of the mine so we can expand it and become a major player in the scrypt mining space. We are building a reinvestment fund out of the revenue to be able to make large big deals in the future (and by doing so, get preferential access to new hardware and better pricing).

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

The reinvestment funds will be stored on the following BTC address: 1352744hZq89cZMzBdTWj9yejUwjrzfxcV
Mining payout address (for converted altcoins) is 1KwRkCrT5KJE8ZxXnVHgB2R38d5sZiWvic

[mikemikemike]

First of all we like to thank all of you for your confidence in CryptX and in the SCRYPT-X project. We strive to make this the most successful scrypt mining operation out there.

The IPO was a great success with the sale of 29,438 units. The units are already trading at a markup of 10% over the initial IPO price.

What happened so far?
We managed to over deliver on our promise and deployed 2 GH/s only 48 hours after the start of the IPO. This means we will be able to pay our first dividend today.

What will happen in the near future?
29,438 Units are sold, which means we are going to deploy 2,944 Mh/s or 2.944 Gh/s of scrypt hash power. We are expecting the next 0.944 Gh/s of hash power to arrive here on Tuesday.

What is our long term strategy?
Our long term strategy is to create value for our unit holders.  Unit value can be created by investing in the future of the mine so we can expand it and become a major player in the scrypt mining space. We are building a reinvestment fund out of the revenue to be able to make large big deals in the future (and by doing so, get preferential access to new hardware and better pricing).

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

The reinvestment funds will be stored on the following BTC address: 1352744hZq89cZMzBdTWj9yejUwjrzfxcV
Mining payout address (for converted altcoins) is 1KwRkCrT5KJE8ZxXnVHgB2R38d5sZiWvic

What is going in? This isn't the original 50/50 split you said in your prospectus?

[Elvis Trout]

only 40% of profits for div?

[stompysteve]

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

[IamNotSure]

What is going in? This isn't the original 50/50 split you said in your prospectus?

Indeed, that needs an explanation.

The yield on Havelock is incorrect, I think that's because they base their calculation on monthly divs