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

[nwfella]

60000/12 = 5000$ per unit.
33% hashing power increase means 33% dividend increase.
The current price is really happening on such a small volume that is not relevant. If I had more btc would have purchased all available up to ipo price.

This project is still good to go.

I have a sneaking suspicion that if 5-6 weeks from now your still holding any of your cryptx-scrypt shares you'll actually be ecstatic that you where broke and couldn't purchase any more shares up to IPO price at the time you wrote this.

[EdoBcn]

I have a sneaking suspicion that if 5-6 weeks from now your still holding any of your cryptx-scrypt shares you'll actually be ecstatic that you where broke and couldn't purchase any more shares up to IPO price at the time you wrote this.

Well, I'm ecstatic that I couldn't buy PETA second IPO
But 5-6 weeks time means 5(6)x dividend weeks at something more than 1% each time. And with BTC on the rise, fees are getting "cheaper" meaning more reinvestment, meaning more hashing power.
 
I may repeat myself, on the long run, these projects have been demonstrated by numbers to be unprofitable. But I'm putting an emphasis on the "long". Not 5-6 weeks, I expect something like 5-6 months instead.

Fingers crossed that in the meantime Cryptx hires someone to hold better communications

[pleiotropik]

"Fingers crossed that in the meantime Cryptx hires someone to hold better communications"

They can communicate with excellence at ipo time. Not so much after.  Math doesn't add up, how do you communicate that?

[Wayne_Chang]

I have a sneaking suspicion that if 5-6 weeks from now your still holding any of your cryptx-scrypt shares you'll actually be ecstatic that you where broke and couldn't purchase any more shares up to IPO price at the time you wrote this.

Well, I'm ecstatic that I couldn't buy PETA second IPO
But 5-6 weeks time means 5(6)x dividend weeks at something more than 1% each time. And with BTC on the rise, fees are getting "cheaper" meaning more reinvestment, meaning more hashing power.
 
I may repeat myself, on the long run, these projects have been demonstrated by numbers to be unprofitable. But I'm putting an emphasis on the "long". Not 5-6 weeks, I expect something like 5-6 months instead.

Fingers crossed that in the meantime Cryptx hires someone to hold better communications

LTC/BTC exchange rate trend shows a pessimistic signal. Hope the exchange rate will raise.

[EdoBcn]

"Fingers crossed that in the meantime Cryptx hires someone to hold better communications"

They can communicate with excellence at ipo time. Not so much after.  Math doesn't add up, how do you communicate that?

You are 100% right.

Still, few ideas:

1. "we've purchased 50% of all shares and we are on the same boat with you guys".
2. "no, we are not trading those shares. But we pay our own salaries with the dividends generated by this project(s)"
3. "numbers are right but your math is missing our secret plan that is...."
4. "here, see pictures of our boards being manufactured"
5. "here is how we invested further in ADVERTISING to push for more adoption of our project (Reddit, banners, fairs&tradeshows, booth at next meeting, holding local meetups)
6. "etc. etc., whatever else"

And I came up with the above bullshit in 30 seconds (and they had plenty of time to thing about it).

[TheSmackDown]

there was no mention of a buy out. Either this or let's wait for another buying opportunity.
This was the deal.

At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???

3 reasons as to how in my opinion:

1.) Ridiculously high hosting/admin fee's
2.) The fact that cryptx doesn't have ability to make their own chips and boards
3.) Ridiculously inadequate communication with shareholders

Thats BS, sorry too many say BS. I am not correct all the time. BUT, cryptx are best having a proper deal with the chip maker, getting the fastest chips and boards cheap. They can then make their won custom machines and add new chips as needed. That means each company specialises at what their good at, rather than biting more than they can chew.
I just dont understand how many many people sell at such a loss. I am waiting for the project to develop so I can get a good retrurn or my money back at least.

Bee atch.

[Wayne_Chang]

I have to say that compare with Chinese miner supplier who also provides miner host service, the hosting cost of Cryptx still has space to reduce. Now all the miners are facing with low profit situation. How to control cost is getting serious.

[TheSmackDown]

Anyone know result of the vote?

All needs be done is whats best for profitability.

[nwfella]

there was no mention of a buy out. Either this or let's wait for another buying opportunity.
This was the deal.

At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???

3 reasons as to how in my opinion:

1.) Ridiculously high hosting/admin fee's
2.) The fact that cryptx doesn't have ability to make their own chips and boards
3.) Ridiculously inadequate communication with shareholders

Thats BS, sorry too many say BS. I am not correct all the time. BUT, cryptx are best having a proper deal with the chip maker, getting the fastest chips and boards cheap. They can then make their won custom machines and add new chips as needed. That means each company specialises at what their good at, rather than biting more than they can chew.
I just dont understand how many many people sell at such a loss. I am waiting for the project to develop so I can get a good retrurn or my money back at least.

Bee atch.

lmao!!  Your right, easily 25-35% of what you put into it in the first place!  Good luck with that.

What a twat-waffle!

[EdoBcn]

Anyone know result of the vote?

All needs be done is whats best for profitability.

Vote and deployment if vote was yes. Cryptx said today!
(I don't expect him to post here... but an email or an update on Havelock... at least...)

[TheSmackDown]

there was no mention of a buy out. Either this or let's wait for another buying opportunity.
This was the deal.

At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???

3 reasons as to how in my opinion:

1.) Ridiculously high hosting/admin fee's
2.) The fact that cryptx doesn't have ability to make their own chips and boards
3.) Ridiculously inadequate communication with shareholders

Thats BS, sorry too many say BS. I am not correct all the time. BUT, cryptx are best having a proper deal with the chip maker, getting the fastest chips and boards cheap. They can then make their won custom machines and add new chips as needed. That means each company specialises at what their good at, rather than biting more than they can chew.
I just dont understand how many many people sell at such a loss. I am waiting for the project to develop so I can get a good retrurn or my money back at least.

Bee atch.

lmao!!  Your right, easily 25-35% of what you put into it in the first place!  Good luck with that.

What a twat-waffle!

I only disagree with the chip making part - why would cryptx want the expense of something they do not currently excell in??. All else has pissed me off like losing my share value. Not a happy man.

[EdoBcn]

From Cryptx:

Dear unit holders.

These are the results of the survey. 36% of all unit holders have cast their vote:

- Yes, Scrypt-X  should buy these miners – 77%
- No, Scrypt-X  should not buy these miners – 23%

The result is clear that a large majority of unit holders who cast their vote prefers to use the reinvestment funds for this opportunity. The 12 Scrypt miners will be directed to our pool starting now.

This means that Scrypt-X has about 4 GH/s of hashing power from now on.

[TheSmackDown]

yeah i just got the email and the update too. unit price still sucks.

[nwfella]

there was no mention of a buy out. Either this or let's wait for another buying opportunity.
This was the deal.

At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???

3 reasons as to how in my opinion:

1.) Ridiculously high hosting/admin fee's
2.) The fact that cryptx doesn't have ability to make their own chips and boards
3.) Ridiculously inadequate communication with shareholders

Thats BS, sorry too many say BS. I am not correct all the time. BUT, cryptx are best having a proper deal with the chip maker, getting the fastest chips and boards cheap. They can then make their won custom machines and add new chips as needed. That means each company specialises at what their good at, rather than biting more than they can chew.
I just dont understand how many many people sell at such a loss. I am waiting for the project to develop so I can get a good retrurn or my money back at least.

Bee atch.

lmao!!  Your right, easily 25-35% of what you put into it in the first place!  Good luck with that.

What a twat-waffle!

I only disagree with the chip making part - why would cryptx want the expense of something they do not currently excell in??. All else has pissed me off like losing my share value. Not a happy man.

Ahhh...so you think cryptx's communication post-ipo has been sufficient? and you don't believe 0.25/kw/h is a bit excessive?  You are far more forgiving than I sir.  One thing I definitely have in common with you though...not a happy camper myself.

Still own a few shares of both scryptx and cryptx but really loss my arse on his sha project.  Still hoping to see cryptx pull something outta the hat but honestly I don't see what incentive he could possibly have for doing so...oh yeah..how about long term viability.

Insofar as your disagreeing with my chip making comment...you are absolutely right...they shouldn't try embarking on something like this themselves...what they should do is take a couple hundred of the what thousands of bitcoins they've raised between scryptx and cryptx ipo's and hire an appropriate team in-house to develop said chips.  imho there is 0 chance of any mining asset ever really attaining true profitability at this point without in-house chip development.  Most successful mining IPO I've ever personally witnessed was AsicMiner.  Now even they are seriously struggling because of all the talented competition they now face.

[EdoBcn]

The ~2500 shares wall at 0.032 disappeared!

(I take it as good news)

[NotLambchop]

Litecoin is experiencing its biggest price slump ever.

"The advent of powerful scrypt ASIC miners has raised additional concerns in the litecoin community. The first scrypt ASICs are now starting to appear and the biggest names in the industry are set to join the fray."

Factoid above and the chart below combine to question the wisdom of investing BTC in Litecoin mining.



BTC/LTC

[Usman056]

Litecoin is experiencing its biggest price slump ever.

"The advent of powerful scrypt ASIC miners has raised additional concerns in the litecoin community. The first scrypt ASICs are now starting to appear and the biggest names in the industry are set to join the fray."

Factoid above and the chart below combine to question the wisdom of investing BTC in Litecoin mining.

http://i1.ytimg.com/vi/T2BNmn8TYdE/hqdefault.jpg

BTC/LTC

http://s16.postimg.org/4k60s0yud/Capture.jpg

so your here to destroy this project as well??

[NotLambchop]

There's nothing to destroy, you're already trading at less than half the issue price.  The facts above simply provide one of the reasons why.
If you feel that a random Anon from the intertubes can destroy this project, perhaps investing in it isn't the smartest thing to do?

[runam0k]

To be fair, this is a recent event (the decoupling) and in any event we should be mining whatever scrypt coins are most profitable.

[TheSmackDown]

To be fair, this is a recent event (the decoupling) and in any event we should be mining whatever scrypt coins are most profitable.

damn right and crypt x should not be asking share holders how to invest, thats suppossed to be their job or expertise.

shit comms and shit share price, really annoying, i was better leaving myself open on bitstamp to get hacked than this BS.
the share price should hv been buffered as one guy suggested and the most profitable coin each week should be mined until LTC recovers.
End of day I thought I was investing with experts and I guess they are better off saying little as they can and letting the mine progress and prove itself.

crypt x if u listening, sort this shit out, you did good on PETA mine and main issue here is LTC/BTC ratio. Fucking LTC, you supposed to go to $50.