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

[TheSmackDown]

I reckon no3 then 4 is best. And 4 should be that we soon get rid of inefficient machines and get the best, and re-invest to mine the best coin. Whether thats BTC or what. I dont know the figures or coins well enough - but thats what it comes to - the NUMBERS.
But no3 or 4 should sort the share price?

[Korbman]

I reckon no3 then 4 is best. And 4 should be that we soon get rid of inefficient machines and get the best, and re-invest to mine the best coin. Whether thats BTC or what. I dont know the figures or coins well enough - but thats what it comes to - the NUMBERS.
But no3 or 4 should sort the share price?

Serious question: What's your reasoning behind option #3? I ask because I can't fathom a situation where that option has any other benefit than dispersing the reinvestment fund as a dividend...and the cons being a drop in share price and a complete halt on future growth (e.g. fund closure after XX weeks/months).

#4 appears to be the best choice given it keeps us where we are today (and continues the reinvestment fund), but the reality is that none of the options present a reasonable long-term solution.

[NotLambchop]

Lol, way ahead of you, see edit above
Lemmy get this straight tho--you're doubling down on *TWO* of the worst performing securities on HavelocK?
...

Perhaps you misunderstood me, I have buy orders that need to be filled...

And, at least for me, PETA is the best performing security on Havelock.

I'm sure it is, that's all as it should be.  Bragworthy performance
But I don't even expect you to apologize.  I ain't even angry. 

[EdoBcn]

meanwhile, Havelock down since Saturday... (early morning - their time).
I just want out asap.

[nwfella]

There is currently much better hardware. For example here:

http://gawminers.com/collections/all-miners/products/54-mh-s-the-war-machine-by-gaw-miners-1-month-of-free-zencloud-hosting-service-24-hour-activation-asic-scrypt-miner

54MH/s  for 800$  including one month free hosting (6 different pools to choose,  nicehash, coinking and other good ones)


Furthermore:

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i dont get it why CryptX still insist of their A2 . . .

MAYBE WE MAKE THEM TO CHANGE THE VOTING TO THE ABOVE MENTIONED MACHINES!

Everything you say makes perfect sense actually.  The problem is, CryptX and crew have a proven history of literally ignoring any and all shareholder votes.  For example, 90% of us on the sha256 project voted to move from ghash.io to p2pool when 51% issue was a larger concern.  Because it wasn't as simple as just switching pools and actually required a bit of work on CrtypX's part it never got done.  Now we have a subsequent announcement telling us that the reason they didn't do it is because 51% is no longer a concern with ghash.io pool.  Poppycock!  The reason they didn't do anything is because they know they don't have to and they are lazy.  Face it fellas, they've made their mini-fortunes without having to listen to shareholders thus far, I see 0 reason at this point for them to start listening to us now.

[TheSmackDown]

I think thats true. The options need amending.

no3 would be good if the re-investment fund resumes in a week.

New machines would be good if they used GAW.
 
I dont believe they can be that dumb. They are solely responsible for the projects success and share price.

[alexius89]

lets send another email then...they read the incoming mails before and they will do it again!

content:  changing to a high profitable pool, healthy communication by the cryptx team, buying hardware by investors vote!

those aspects need to be realized as soon as possible..

[EdoBcn]

I start wondering how much responsibility is of Havelock as well. These are all live funds they are trading now. Not a single one making profit.

Funds   loss 7C   23,38% ALC   42,86% AM1   93,54% AM100   77,69% B.EXCH   89,62% B.MINE   92,60% B.SELL   87,25% CBTC   69,51% CFIG   44,67% DEALCO   80,10% HIF   82,19% HMF   99,94% MS   70,00% PETA   98,00% RENT   14,55% ROCK   41,67% SCRYPT   84,21% SF1   70,00% SMG   73,91%

Does anyone knows how much Havelock charges the funds for launching/management/hosting?
Is it Cryptx who decided to use them or Havelock who looked for Cryptx? Isn't it strange that not a single fund has proven to be "good"?

[twentyseventy]

I start wondering how much responsibility is of Havelock as well. These are all live funds they are trading now. Not a single one making profit.

Funds   loss 7C   23,38% ALC   42,86% AM1   93,54% AM100   77,69% B.EXCH   89,62% B.MINE   92,60% B.SELL   87,25% CBTC   69,51% CFIG   44,67% DEALCO   80,10% HIF   82,19% HMF   99,94% MS   70,00% PETA   98,00% RENT   14,55% ROCK   41,67% SCRYPT   84,21% SF1   70,00% SMG   73,91%

Does anyone knows how much Havelock charges the funds for launching/management/hosting?
Is it Cryptx who decided to use them or Havelock who looked for Cryptx? Isn't it strange that not a single fund has proven to be "good"?

As said before, B.EXCH/B.MINE/B.SELL don't function as a normal equity investment.

[EdoBcn]

I start wondering how much responsibility is of Havelock as well. These are all live funds they are trading now. Not a single one making profit.

Funds   loss 7C   23,38% ALC   42,86% AM1   93,54% AM100   77,69% B.EXCH   89,62% B.MINE   92,60% B.SELL   87,25% CBTC   69,51% CFIG   44,67% DEALCO   80,10% HIF   82,19% HMF   99,94% MS   70,00% PETA   98,00% RENT   14,55% ROCK   41,67% SCRYPT   84,21% SF1   70,00% SMG   73,91%

Does anyone knows how much Havelock charges the funds for launching/management/hosting?
Is it Cryptx who decided to use them or Havelock who looked for Cryptx? Isn't it strange that not a single fund has proven to be "good"?

As said before, B.EXCH/B.MINE/B.SELL don't function as a normal equity investment.

Right, also the percentages may be a little off.
Anyway, PETA and SCRYPT do qualify (98% and 84% loss)... what I'm also shocked (pfui) about, is HIF. This fund was supposed to be the Havelock gains one... it doesn't matter that all funds are in deep shit. Commissions are paid anyway and HIF was supposed to profit. But no.

[TheSmackDown]

The share prices suck.

[aleph0]

First voting round:
Unit holders can place their vote on https://www.surveymonkey.com/s/BXLC5JP till Thursday 21 August 2014, 12:00 GMT.

Team CryptX

I just tried to place my vote for #4 given the lack of better options, but that clicking that link now leads to a page saying "This survey is currently closed. Please contact the author of this survey for further assistance."

The survey is supposed to be open for another 12 hours according to CryptX's email.

Par for the course with them, I suppose; the survey was probably a sham anyhow. I find it hard to believe that 77% of all votes last time were in favor of spending $60,000 on the A2s. The only party that benefited from that decision, like so much around here, was CryptX himself who could start collecting additional hosting fees and probably got a huge kickback from that supposed "purchase" anyhow (if they were even purchased and if they even cost $60k). That was the catalyst for the share price plummeting from 0.03 downward. If the vote "results" this time declare option 1 the winner, then we really have nothing left to do but laugh.

[EdoBcn]

I find it hard to believe that 77% of all votes last time were in favor of spending $60,000 on the A2s.

just to be specific, it is not 77% of all votes, but 77% of the shareholders who voted, based on shares owned.

If there is someone owning 3000 shares, his vote counts as 10% of all shareholders. Assuming most of them didn't even vote, that 10% could easily have more weight in the decision.

(not justifying or denying the vote, here)

Let's see what happens now. Anyway, I lost my investment.

[aleph0]

I find it hard to believe that 77% of all votes last time were in favor of spending $60,000 on the A2s.

just to be specific, it is not 77% of all votes, but 77% of the shareholders who voted, based on shares owned.

If there is someone owning 3000 shares, his vote counts as 10% of all shareholders. Assuming most of them didn't even vote, that 10% could easily have more weight in the decision.

(not justifying or denying the vote, here)

Let's see what happens now. Anyway, I lost my investment.

You're right, of course. I should have written that as "77% of the weighted vote". Moreover, when the results were shared, CryptX said that "36% of unitholders have voted". It's not clear if they meant 36% of all the individuals holding units, or individuals who collectively represent 36% of all units held.

In any event, that doesn't really clarify the mystery or alleviate my skepticism concerning the truth of those results: large unitholders suffer greater absolute losses in an underperforming security than small unitholders, so unless large unitholders are disproportionately ignorant (and perhaps a case could be made that anyone holding an outsized number of units in something like this is, in fact, disproportionately ignorant), then why would they be more likely to have voted for the nonsensical A2 purchase?

And of course, none of that matters now. Still no word from CryptX on why this round of voting was halted early or where we're going to net out.

[TheSmackDown]

Yes you are right. Something needs doing properly. I did not get to vote, it was closed and i bought 244BTc worth of units at IPO....! ?

[EdoBcn]

Yes you are right. Something needs doing properly. I did not get to vote, it was closed and i bought 244BTc worth of units at IPO....! ?

this puts my loss in proportion. Sorry for yours.

So, they sold units for 1162.281 BTC
The whole fund now worths 186.2215 BTC (assuming you find someone who buys it!)
Loss of 84% in few months.
Latest dividend of 2.67btc or 0.00009394 per share.
Total dividends given until yesterday= 117.54btc

They could buy the whole fund and tell us to feckoff. Total spent would be 186 btc for shareholders, 117 btc spent in dividends = 304 btc against an income of 1162 = gain of 858 bitcoins.

It's not Ponzi. It's genius. Evil but genius. And we all fell for their idea.

And with Havelock in the middle, no real need to demonstrate shit. As soon on Peta thread we started thinking to have a road trip to the server house to take pictures and make the fund a success, Cryptx published pictures of a warehouse. Roadtrip canceled.
Did they actually ever mined something? Was it only called peta but was all theirs? As soon as some users started challenging the math, Cryptx disappeared and Havelock started answering on the peta thread. Then even havelock stopped. No more communication. No transparency on votes.

Cryptx, seriously, distribute the reinvestment fund leftovers, buy us out and let's all proceed in our lifes. Each one by his road.

[strombert]

we.are.fucked.

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

[stompysteve]

Yes you are right. Something needs doing properly. I did not get to vote, it was closed and i bought 244BTc worth of units at IPO....! ?

so what are the results of the vote....it got closed early and looks like some people didnt even get to

[nwfella]

And the 1st and 2nd place awards for most ingenious mining operation hustles (yes plural) goes to none other than CryptX.

[mruiter]

Yes you are right. Something needs doing properly. I did not get to vote, it was closed and i bought 244BTc worth of units at IPO....! ?

so what are the results of the vote....it got closed early and looks like some people didnt even get to

yep, they closed to early, when i went there is was already taken offline. So my vote is lost.
Again cryptx is upping his untrustyness bigtime