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

[DebitMe]

Looks like they cut the hosting fee for scryptX as well.  It went from almost 5 btc last week to 3.6 this week, and the exchange rate sure didn't recover.

Looks like they "forgot" to distribute the DOGE mined 2 weeks ago...

unfortunately without stats we have no visibility on what is being mined and anything else.
Also no news on how to invest the >100btc of the fund.

(just out of curiosity: how do you know about the forgotten doge?)

They had announced that they would start merge mining doge and ltc with the Sept 12th update, but on Sept 19th, the calculation only showed ltc converted to btc.  On the 26th it showed the number of doge mined as well, but perhaps was just catching up for the previous 2 weeks, but today, since the number was roughly the same, it showed that it was in fact not lumped in the 26th news and indeed, has not been paid out.

[IamNotSure]

Looks like they cut the hosting fee for scryptX as well.  It went from almost 5 btc last week to 3.6 this week, and the exchange rate sure didn't recover.

Looks like they "forgot" to distribute the DOGE mined 2 weeks ago...

unfortunately without stats we have no visibility on what is being mined and anything else.
Also no news on how to invest the >100btc of the fund.

(just out of curiosity: how do you know about the forgotten doge?)

They had announced that they would start merge mining doge and ltc with the Sept 12th update, but on Sept 19th, the calculation only showed ltc converted to btc.  On the 26th it showed the number of doge mined as well, but perhaps was just catching up for the previous 2 weeks, but today, since the number was roughly the same, it showed that it was in fact not lumped in the 26th news and indeed, has not been paid out.

Exactly, just logic.

Even if it only represents 0,25 BTC

[EdoBcn]

Week      Mined   Hosting   Reinvestment   Dividend   Per share 1   16/05/2014   44,4068   2,2400   25,3001   16,8667   0,00057296 2   23/05/2014   44,8689   2,4505   25,4511   16,9674   0,00057638 3   30/05/2014   42,1861   2,4780   23,8249   15,8832   0,00053955 4   06/06/2014   32,3000   2,2699   18,0180   12,0120   0,00040805 5   13/06/2014   27,8835   2,5634   15,1920   10,1280   0,00034405 6   20/06/2014   30,2386   2,5115   16,6363   11,0909   0,00037675 7   27/06/2014   21,6044   2,5200   11,4506   7,6338   0,00025932 8   04/07/2014   17,1875   2,3600   8,8965   5,9310   0,00020147 9   11/07/2014   19,5600   3,2110   9,8094   6,5396   0,00022215 10   18/07/2014   17,8250   3,2110   8,7684   5,8456   0,00019857 11   25/07/2014   14,8492   3,3180   6,9187   4,6125   0,00015668 12   01/08/2014   13,4209   3,3459   6,0450   4,0300   0,00013690 13   08/08/2014   11,8800   3,3977   5,0966   3,3977   0,00011542 14   15/08/2014   10,6133   3,9422   4,0027   2,6684   0,00009065 15   22/08/2014   8,5207   3,8285   2,8153   1,8769   0,00006376 16   29/08/2014   8,8145   3,9422   2,9234   1,9489   0,00006620 17   05/09/2014   10,6607   3,9422   4,0311   2,6874   0,00009129 18   12/09/2014   9,8028   4,1475   3,3915   2,2610   0,00007681 19   19/09/2014   9,9600   4,9770   2,9898   1,9932   0,00006771 20   26/09/2014   10,4625   4,9770   3,2913   2,1942   0,00007454 21   03/10/2014   8,8145   3,6418   3,1036   2,0691   0,00007029 22   10/10/2014   8,2570   3,8579   2,6395   1,7596   0,00005977

0.00005637 today?
What are we waiting to use the reinvestment fund? Or to call it a day, take a loss and liquidate everything?

[mruiter]

we are doing nothing more then global warming.

cryptx isn'nt doing there job what im paying for and there custom build scrypt boards were a lie.
give us the reinfest fund, even putting the money on the bank gives me a better profit with these low interests.

lets call it a day, the only one making profit is cryptx in hosting fees.mand thats the easyiest thing they had/have to do. they failed missarably in beeing up2date with the technology.

[EdoBcn]

we are doing nothing more then global warming.

cryptx isn'nt doing there job what im paying for and there custom build scrypt boards were a lie.
give us the reinfest fund, even putting the money on the bank gives me a better profit with these low interests.

lets call it a day, the only one making profit is cryptx in hosting fees.mand thats the easyiest thing they had/have to do. they failed missarably in beeing up2date with the technology.

That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah.

[webbrowser]

we are doing nothing more then global warming.

cryptx isn'nt doing there job what im paying for and there custom build scrypt boards were a lie.
give us the reinfest fund, even putting the money on the bank gives me a better profit with these low interests.

lets call it a day, the only one making profit is cryptx in hosting fees.mand thats the easyiest thing they had/have to do. they failed missarably in beeing up2date with the technology.

That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah.

It would be nice if Havelock supported weighted shareholder polls, just like cryptostocks did.

[EdoBcn]

we are doing nothing more then global warming.

cryptx isn'nt doing there job what im paying for and there custom build scrypt boards were a lie.
give us the reinfest fund, even putting the money on the bank gives me a better profit with these low interests.

lets call it a day, the only one making profit is cryptx in hosting fees.mand thats the easyiest thing they had/have to do. they failed missarably in beeing up2date with the technology.

That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah.

It would be nice if Havelock supported weighted shareholder polls, just like cryptostocks did.

It would be nice even just to know if there is someone with +50% of shares that takes decisions for everyone else...

[Korbman]

That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah.

It would be nice if Havelock supported weighted shareholder polls, just like cryptostocks did.

Following this trend, it would be nice if:

Havelock forced listings to publish their financials.

[IamNotSure]

we are doing nothing more then global warming.

cryptx isn'nt doing there job what im paying for and there custom build scrypt boards were a lie.
give us the reinfest fund, even putting the money on the bank gives me a better profit with these low interests.

lets call it a day, the only one making profit is cryptx in hosting fees.mand thats the easyiest thing they had/have to do. they failed missarably in beeing up2date with the technology.

That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah.

Maybe a new vote would yield different results.

While the BTC are sitting in limbo, at least they're not wasted in soon-to-be-useless gear !

[webbrowser]

That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah.

It would be nice if Havelock supported weighted shareholder polls, just like cryptostocks did.

Following this trend, it would be nice if:

Havelock forced listings to publish their financials.

Perhaps. But not many bitcoin companies have lasted long enough for an annual report (nevermind two). And if a venture were bent on fleecing investors, they wouldn't let a little thing like a financial stop them. Then again, the same could be said of a vote.

Besides, the PETA and SCRYPT story was pretty much written into the prospectus at IPO time. We're just watching it unfold chapter by chapter.

[NotLambchop]

That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah.

It would be nice if Havelock supported weighted shareholder polls, just like cryptostocks did.

Following this trend, it would be nice if:

Havelock forced listings to publish their financials.

Why would they do that?


*trading ~95% down from IPO price.

[nwfella]

we are doing nothing more then global warming.

cryptx isn'nt doing there job what im paying for and there custom build scrypt boards were a lie.
give us the reinfest fund, even putting the money on the bank gives me a better profit with these low interests.

lets call it a day, the only one making profit is cryptx in hosting fees.mand thats the easyiest thing they had/have to do. they failed missarably in beeing up2date with the technology.

That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah.

It would be nice if Havelock supported weighted shareholder polls, just like cryptostocks did.

It would be nice even just to know if there is someone with +50% of shares that takes decisions for everyone else...

Oh there more than likely is and I suspect it's the very same fella running the project.

We're going to capture 2% of the network mining market.  Oh yeah, we'll be basing our decisions on shareholder driven votes.  We plan on developing our very own in-house asic's.

The sheer # of lies and misrepresentations that have come out of the cryptx camp are simply sickening.  This guy has made money hand over first running this dual long-con. 

Maybe he's holding on the reinvestment fund to start that in-house chip development project he's been touting since the beginning?  (yeah right)

I feel bad for everybody that's losing money to this con man.

[EdoBcn]

Oh there more than likely is and I suspect it's the very same fella running the project.

We're going to capture 2% of the network mining market.  Oh yeah, we'll be basing our decisions on shareholder driven votes.  We plan on developing our very own in-house asic's.

The sheer # of lies and misrepresentations that have come out of the cryptx camp are simply sickening.  This guy has made money hand over first running this dual long-con. 

Maybe he's holding on the reinvestment fund to start that in-house chip development project he's been touting since the beginning?  (yeah right)

I feel bad for everybody that's losing money to this con man.

What freaks me out is the lack of visible information/stats.

You give me 100€, I pay dividends weekly, decreasing, up to... whatever <100€ and blame it on difficulty and other issues.
= I don't need a data center. I don't need miners. I don't need people to run servers. I just need to pay dividends and invent plausible numbers each week.

Multiply 100€ for the amount of BTC shareholders paid initially (1162.281 BTC) to what they paid until now(142,32244779 BTC in dividends).

1019.95855221 BTC... where are they?
It is too easy to run this scam and pretend they are doing it right and "legal".
Why not posting screenshots of the invoices they paid for the miners? Or of the electricity bill? Or salaries of the technical workers?
If they feel they are doing it all right and in a legit way, why hiding this info?

[crino]

Oh there more than likely is and I suspect it's the very same fella running the project.

We're going to capture 2% of the network mining market.  Oh yeah, we'll be basing our decisions on shareholder driven votes.  We plan on developing our very own in-house asic's.

The sheer # of lies and misrepresentations that have come out of the cryptx camp are simply sickening.  This guy has made money hand over first running this dual long-con. 

Maybe he's holding on the reinvestment fund to start that in-house chip development project he's been touting since the beginning?  (yeah right)

I feel bad for everybody that's losing money to this con man.

What freaks me out is the lack of visible information/stats.

You give me 100€, I pay dividends weekly, decreasing, up to... whatever <100€ and blame it on difficulty and other issues.
= I don't need a data center. I don't need miners. I don't need people to run servers. I just need to pay dividends and invent plausible numbers each week.

Multiply 100€ for the amount of BTC shareholders paid initially (1162.281 BTC) to what they paid until now(142,32244779 BTC in dividends).

1019.95855221 BTC... where are they?
It is too easy to run this scam and pretend they are doing it right and "legal".
Why not posting screenshots of the invoices they paid for the miners? Or of the electricity bill? Or salaries of the technical workers?
If they feel they are doing it all right and in a legit way, why hiding this info?

+100000000000

[RoadStress]

Oh there more than likely is and I suspect it's the very same fella running the project.

We're going to capture 2% of the network mining market.  Oh yeah, we'll be basing our decisions on shareholder driven votes.  We plan on developing our very own in-house asic's.

The sheer # of lies and misrepresentations that have come out of the cryptx camp are simply sickening.  This guy has made money hand over first running this dual long-con. 

Maybe he's holding on the reinvestment fund to start that in-house chip development project he's been touting since the beginning?  (yeah right)

I feel bad for everybody that's losing money to this con man.

What freaks me out is the lack of visible information/stats.

You give me 100€, I pay dividends weekly, decreasing, up to... whatever <100€ and blame it on difficulty and other issues.
= I don't need a data center. I don't need miners. I don't need people to run servers. I just need to pay dividends and invent plausible numbers each week.

Multiply 100€ for the amount of BTC shareholders paid initially (1162.281 BTC) to what they paid until now(142,32244779 BTC in dividends).

1019.95855221 BTC... where are they?
It is too easy to run this scam and pretend they are doing it right and "legal".
Why not posting screenshots of the invoices they paid for the miners? Or of the electricity bill? Or salaries of the technical workers?
If they feel they are doing it all right and in a legit way, why hiding this info?

I am amazed that no shareholder took a look at what happened in the Hardware section with cryptx and his lousy services. You went blind into this...

[EdoBcn]

I am amazed that no shareholder took a look at what happened in the Hardware section with cryptx and his lousy services. You went blind into this...

Yes. I screwed up. No excuses. I'm the only one responsible for my outcome on this.
I can spend some paragraphs to explain my reasoning when I entered this (or Peta before). All the logic applied. Still, there were people warning everyone and I just didn't listen. My bad.

It doesn't mean that I should call it a day and forget of my shares, my btc and whatever is left.

Sure, I evolved in one of those who were warning us. I'm trying to spread knowledge and facts about both Havelock and Cryptx. This won't make my personal situation any better. But hopefully would avoid someone else doing the same.

Said that, maybe not 100% is lost already. There is a small chance of recovering maybe 10% of invested value. We need Cryptx to come clear, disclose documents and prove facts.
Further on this,
I want to see the result of votes by shareholders (masking names/emails for privacy, sure), where I should be able to see my vote (no doubt I will be able to recognize my number of shares or % of this project).
I want to see the initial investment invoices.
I want to see the machines working.
I want to see some stats on the mining operation.
I want to see the invoices of all expenses they claim.

Unfortunately, I KNOW that this will never happen.
In the best case scenario, Cryptx will still get paid all his fees for more weeks. Then reduce the fees price to keep going more weeks. Then, one day, call it a day, undersell the hardware, distribute the reinvestment funds and the income from the hw sell.

As many are mentioning here, it looks like the sooner that day arrives, the better it will be.

[IamNotSure]

I am amazed that no shareholder took a look at what happened in the Hardware section with cryptx and his lousy services. You went blind into this...

Yes. I screwed up. No excuses. I'm the only one responsible for my outcome on this.
I can spend some paragraphs to explain my reasoning when I entered this (or Peta before). All the logic applied. Still, there were people warning everyone and I just didn't listen. My bad.

It doesn't mean that I should call it a day and forget of my shares, my btc and whatever is left.

Sure, I evolved in one of those who were warning us. I'm trying to spread knowledge and facts about both Havelock and Cryptx. This won't make my personal situation any better. But hopefully would avoid someone else doing the same.

Said that, maybe not 100% is lost already. There is a small chance of recovering maybe 10% of invested value. We need Cryptx to come clear, disclose documents and prove facts.
Further on this,
I want to see the result of votes by shareholders (masking names/emails for privacy, sure), where I should be able to see my vote (no doubt I will be able to recognize my number of shares or % of this project).
I want to see the initial investment invoices.
I want to see the machines working.
I want to see some stats on the mining operation.
I want to see the invoices of all expenses they claim.

Unfortunately, I KNOW that this will never happen.
In the best case scenario, Cryptx will still get paid all his fees for more weeks. Then reduce the fees price to keep going more weeks. Then, one day, call it a day, undersell the hardware, distribute the reinvestment funds and the income from the hw sell.

As many are mentioning here, it looks like the sooner that day arrives, the better it will be.

Did you tried  info@cryptx.com ?

[EdoBcn]

try for what? 
to buy me out?

[IamNotSure]

try for what? 
to buy me out?

Asking those questions. They don't reply here but I read on the PETA thread that they answer individual question by mail...

[EdoBcn]

I'm out.
it has been a pleasure to meet some very nice people on this forum.
Not such a pleasure to have lost 80% of my investment to a bunch of sharks who like to promise and forget to deliver.
I'm not coming back to this forum, to havelock or to cryptx. I'll let Karma take care of them.
Good luck to everyone else.