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

[IPO Magic]

Lol, OK.  I'm sure you also sold your coins @$1200 and bought back @flash_crash.
Tell me which buy orders are yours, so when the price continues to tank, you too can receive my thoughtful condolences gif

*Are you the 333/333/333 guy ~0.01990242?  'Cos that's the only buy worth mentioning. 

It's very hard and I even call it luck to sell and buy on the very top and very low price but between the two there's a good range for profit, I'm pretty sure you're well aware of that...

You forgot to tell me which buy orders are yours. 
BTW, aren't you still "invested" in my other favorite, Active Mining?  Your second most profitable investment?

[pedrog]

Lol, OK.  I'm sure you also sold your coins @$1200 and bought back @flash_crash.
Tell me which buy orders are yours, so when the price continues to tank, you too can receive my thoughtful condolences gif

*Are you the 333/333/333 guy ~0.01990242?  'Cos that's the only buy worth mentioning. 

It's very hard and I even call it luck to sell and buy on the very top and very low price but between the two there's a good range for profit, I'm pretty sure you're well aware of that...

You forgot to tell me which buy orders are yours. 
BTW, aren't you still "invested" in my other favorite, Active Mining?  Your second most profitable investment?

I didn't forgot anything... And who tha fuck are you?!

[IPO Magic]

^I'm IPO Magic, a friend of the guy who told you to GTFO of Active Mining when it was still trading above IPO.
Now that I answered your question, how about answering mine?
...or were you just bluffing?

[nwfella]

NotLambchop is correct. The only ones making any profits are the chip manufactures. All these mining companies will be lucky if they cover their initial investment. The hash rate is simply going up too quickly.

The only mines that might make a small profit will be the ones in the places with the cheapest electricity. Washington State has rates as low as $0.02 a kwh. I believe BTC mines will move to those areas until ultimately they end up actually driving up the power rates in those areas. Mine operators will also need to be very efficient for their share-holders to make any profit.

The price graph for LTC is basically showing that its demand has fallen relative to BTC. Every week LTC is dropping. This means lower and lower dividends until ultimately only the hosting fee is covered.

Agree with everything in this post except the chip manufacturers part.  If you think cryptx and crew haven't made a killing on their scryptx and sha based projects with these hosting fee's your out of your right mind.

As for litecoin, imho unless something innovative coming out of the litecoin dev camp relatively soon I fear this downward price trend will continue.  Makes virtually 0 sense to ever mine LTC at this point given profitability ratios.

[TheSmackDown]

SO with any luck the LTC/BTC ratio needs to shoot up, and then the project will be good?

[TheSmackDown]

People are saying the LTC/BTC ratio will make a run upwards sometime soon, possibly in next 3 weeks. Then the dividend will sky rocket too. Any takers on this?

AS i mention before i am no techy.

[IamNotSure]

People are saying the LTC/BTC ratio will make a run upwards sometime soon, possibly in next 3 weeks. Then the dividend will sky rocket too. Any takers on this?

AS i mention before i am no techy.

That's possible, but it can go the other way.

We are just stuck here and we cannot do anything else than wait. I regret my YES vote for the reinvest, we should have distributed the reinvest fund as dividends to limit the loss, now we are stuck with miners which will turn unprofitable if the LTC plunge isn't stopping.

[rdyoung]

People are saying the LTC/BTC ratio will make a run upwards sometime soon, possibly in next 3 weeks. Then the dividend will sky rocket too. Any takers on this?

AS i mention before i am no techy.

The LTC/BTC ratio will continue to widen as more scrypt asics come on the market. Those individuals and multipools that are converting ltc,ftc,etc into btc are creating huge sell walls on exchanges and are depressing the price. I am mining on ghashs multipool and am averaging 20% over mining ltc directly.

The only way to close the gap on btc/ltc is for 1 or both of the following to happen. 1) BTC/Fiat starts declining. 2) A lot of money needs to flow into LTC to bring the price back up.

Put on your seatbelts folks, its going to a bumpy ride.

[TheSmackDown]

lol, longterm project it will be

looking at the charts posted above, the LTC is probably bottom now, so with any luck, this will only get better.
god damn hope so.

[rdyoung]

lol, longterm project it will be

looking at the charts posted above, the LTC is probably bottom now, so with any luck, this will only get better.
god damn hope so.

Looking at the charts thats what I thought @ 0.014ish. There are no signs of a bottom at the moment

[EdoBcn]

Dividends for today to be... 0.00022?

no news on the new hashing power?

[NotLambchop]

How's it goin'?

[EdoBcn]

How's it goin'?

Crappy. Even wanting to take the loss and get out, not enough buy orders to cover my sell.
There goes the money I needed for the first deposit to buy my apartment... and I thought to get a fast in - fast out type of operation.
Havelock doesn't disappoint... another shitty product where I lost money.
Man, I'm so pissed at myself, you have no clue.

[NotLambchop]

Sorry.

[TheSmackDown]

same here, so pissed. thought it would go same as the PETA mine and here we are stuck until things improve. Wish i had bought in now

[TheSmackDown]

How's it goin'?

Crappy. Even wanting to take the loss and get out, not enough buy orders to cover my sell.
There goes the money I needed for the first deposit to buy my apartment... and I thought to get a fast in - fast out type of operation.
Havelock doesn't disappoint... another shitty product where I lost money.
Man, I'm so pissed at myself, you have no clue.

Exactly.

[fractal02]

How's it goin'?

Crappy. Even wanting to take the loss and get out, not enough buy orders to cover my sell.
There goes the money I needed for the first deposit to buy my apartment... and I thought to get a fast in - fast out type of operation.
Havelock doesn't disappoint... another shitty product where I lost money.
Man, I'm so pissed at myself, you have no clue.

 

What a disaster...

They reinvest in shitty overpriced miner...

[IamNotSure]

Sorry.

Fuck you dude, you're not even sorry. You just come here to rub salt in the wound.

[NotLambchop]

Sorry.

Fuck you dude, you're not even sorry. You just come here to rub salt in the wound.

No d00d,


The pain you feel now is good pain--it is the pain that tells you to stop sperging and pull your hand out of the fire.  Listen to it.
The salt I rub in your wound is the Narcan to the morphia of ignorance.  It keeps the pain alive, reminding you to listen to your betters and stop the disgusting cycle of buttrape you call "investing."
I don't even expect you to thank me

[spartan82]

So who's looking to palm off 1000 shares here? Say around the 0.008 range?