Deleted posts from self moderated [HAVELOCK] SCRYPT 10 GH/s hosted scrypt mining

[jonsi]

Hi.
This is a topic for deleted posts (legit questions and concerns only, not troling) from SCRYPT 10 GH/s hosted scrypt mining thread by CRYPTX.
I'll start:

My following post was deleted:



"

CryptX is pleased to announce their new project SCRYPT-X.

...

Deployment of the first 10,000 MH/s of SCRYPT-X1 miners will start mid-May, 2014. We are very confident about this timing because the miners prove to work and are currently in production.

CryptX will use a custom made scrypt miner, the Scrypt-X1, with a capacity of 85 Mh/s. This miner is based on the 28nm A2 chip of Innosilicon.

...

"We are very confident... bla bla bla"

But when will be completed? Any estimates, any guarantees? Any colateral by contract in case of not respecting the terms?
NO!!!

So it's a preorder!
"


So why was cryptx so bodered about asking the ETA of deploiment completion?
What do you think?

[1715022157]

1715022157

[1715022157]

1715022157

[E f f e c T]

Hi.
This is a topic for deleted posts (legit questions and concerns only, not troling) from SCRYPT 10 GH/s hosted scrypt mining thread by CRYPTX.
I'll start:

My following post was deleted:



"

CryptX is pleased to announce their new project SCRYPT-X.

...

Deployment of the first 10,000 MH/s of SCRYPT-X1 miners will start mid-May, 2014. We are very confident about this timing because the miners prove to work and are currently in production.

CryptX will use a custom made scrypt miner, the Scrypt-X1, with a capacity of 85 Mh/s. This miner is based on the 28nm A2 chip of Innosilicon.

...

"We are very confident... bla bla bla"

But when will be completed? Any estimates, any guarantees? Any colateral by contract in case of not respecting the terms?
NO!!!

So it's a preorder!
"


So why was cryptx so bodered about asking the ETA of deploiment completion?
What do you think?

Jesus Christ. The reason your post was deleted is because your chatting shit. This isn't a preorder. A pre-order is when the product isn't actually ready for delivery, but this isn't the case, he has said the units are already ready but just waiting to see how many shares are sold before they are either delivered or put online.

These people have a consistent record of delivering their own units in these quantities through PETA-mine.

If your gonna post something that's completely wrong then expect it to get deleted.

[jonsi]

So when it's the deploiment completion date? Where in the contract can you find that? What happends if the term isn't respected?
If I'm wrong, Criptx could have answered the questions and prove me he's right... only that he can't say anything that "he's confident"...

"units are already ready but just waiting to see how many shares are sold before they are either delivered or put online..."
So if you had a unit that you want to rent or sell to someone (and you claim they woult turn a profit) wouldn't you would mine with it in the meantime until you receive your money?
Answer that pls!


-edit-
   Ah, better don't answer. Just looked at your (20) post history: mostly in PETA thread.
-edit-

[mikemikemike]

So when it's the deploiment completion date? Where in the contract can you find that? What happends if the term isn't respected?
If I'm wrong, Criptx could have answered the questions and prove me he's right... only that he can't say anything that "he's confident"...

"units are already ready but just waiting to see how many shares are sold before they are either delivered or put online..."
So if you had a unit that you want to rent or sell to someone (and you claim they woult turn a profit) wouldn't you would mine with it in the meantime until you receive your money?
Answer that pls!


-edit-
   Ah, better don't answer. Just looked at your (20) post history: mostly in PETA thread.
-edit-

Dude. Just don't invest. Simple as that.

These people have a proven history of meeting deadlines when it comes to producing their own units. If they say they have deals in place and the units are ready then I'd say without a doubt they have deals in place and are ready.

I mean shit, they have brought in this many units each week for the past few weeks without fail to PETA, why do you think this will be any different? These are two proven companies, not a couple of kids on this forum trying to make a quick buck.

This is a trust thing. If you don't trust them then just don't invest. Just don't go calling something a pre-order when it's clearly not.

[NotLambchop]

@jonsi:
First rule of the securities forum:  Join the circlejerk or GTFO nao, FUDster!
With 95% of bitcoin securities ending in hilarity and/or tears, it should be obvious to all concerned that "bitcoin securities" is just a euphemism for "NSFW creepy S&M shit."
The participants are consenting adults and are entitled to their fetishes.
Stop being a party pooper.

[jonsi]

Pfff, another one with 100 posts in PETA thread (mikemikemike)...

Please keep your advices to yourself (to invest or not to invest). I don't tell anyone what to do, I just raised some questions. If you have some answers (or insider informations) please tell, otherwise stay with the sheeps (the ones that invested in neo bee and hundreds of other securities just with "thrust") without asking questions about the contract.

This is valid for all alts/trols/suck puppets!!!

[jonsi]

@jonsi:
First rule of the securities forum:  Join the circlejerk or GTFO nao, FUDster!
With 95% of bitcoin securities ending in hilarity and/or tears, it should be obvious to all concerned that "bitcoin securities" is just a euphemism for "NSFW creepy S&M shit."
The participants are consenting adults and are entitled to their fetishes.
Stop being a party pooper.

Is that you MP? Salut )

[mikemikemike]

Pfff, another one with 100 posts in PETA thread...

Please keep your advices for yourself (to invest or not to invest). I don't tell anyone what to do, I just raised some questions. If you have some answers (or insider informations) please tell, otherwise stay with the sheeps (the ones that invested in neo bee and hundreds of other securities just with "thrust") without asking questions about the contract.

This is valid for all alts/trols/suck puppets!!!

Remember us 'sheep' who told you to trust these guys in few weeks time when it's a huge success. In fact, remember me specificity.

[jonsi]

Pfff, another one with 100 posts in PETA thread...

Please keep your advices for yourself (to invest or not to invest). I don't tell anyone what to do, I just raised some questions. If you have some answers (or insider informations) please tell, otherwise stay with the sheeps (the ones that invested in neo bee and hundreds of other securities just with "thrust") without asking questions about the contract.

This is valid for all alts/trols/suck puppets!!!

We'll have the last laugh. Remember us 'sheep' who told you to trust these guys in few weeks time when it's a huge success.

And you enjoy selling... excuse me buying, (selling), buying? Sorry for that, i get confused with "CEO's" alts. You make a strong argument. Thank you for clarifing the contract terms. Now go in peace!

[mikemikemike]

Pfff, another one with 100 posts in PETA thread...

Please keep your advices for yourself (to invest or not to invest). I don't tell anyone what to do, I just raised some questions. If you have some answers (or insider informations) please tell, otherwise stay with the sheeps (the ones that invested in neo bee and hundreds of other securities just with "thrust") without asking questions about the contract.

This is valid for all alts/trols/suck puppets!!!

We'll have the last laugh. Remember us 'sheep' who told you to trust these guys in few weeks time when it's a huge success.

And you enjoy selling... excuse me buying, (selling), buying? Sorry for that, i get confused with "CEO's" alts. You make a strong argument. Thank you for clarifing the contract terms. Now go in peace!

Great. And now I'm cryptX themselves. It's amusing considering you could locate my personal details if you searched hard enough. You've gone from extremely cautious investor to outright bullshitter. I'm gone.

Peaceeee

[jonsi]

Thank you.

[jonsi]

So when it's the deploiment completion date? Where in the contract can you find that? What happends if the term isn't respected?
If I'm wrong, Criptx could have answered the questions and prove me he's right... only that he can't say anything that "he's confident"...

"units are already ready but just waiting to see how many shares are sold before they are either delivered or put online..."
So if you had a unit that you want to rent or sell to someone (and you claim they woult turn a profit) wouldn't you would mine with it in the meantime until you receive your money?
Answer that pls!


-edit-
   Ah, better don't answer. Just looked at your (20) post history: mostly in PETA thread.
-edit-

Dude. Just don't invest. Simple as that.

These people have a proven history of meeting deadlines when it comes to producing their own units. If they say they have deals in place and the units are ready then I'd say without a doubt they have deals in place and are ready.

I mean shit, they have brought in this many units each week for the past few weeks without fail to PETA, why do you think this will be any different? These are two proven companies, not a couple of kids on this forum trying to make a quick buck.

This is a trust thing. If you don't trust them then just don't invest. Just don't go calling something a pre-order when it's clearly not.

if you think you have any rights as a btc investor, you are in the wrong place.
also its in investors interest to help PETA succeed, so thats why other people will help them make more money.

this is not the type of stock that gives you voting rights per share, cryptx can do as needed to secure future profitability without needing your opinion.



the only reason your on here to rant negatively and give threats is because you are butthurt you exited at the wrong time and lost the game. PETA still stands as the best investment option on havelock, regardless of the outcome of the current plans, which can only be positive.

Exited at the wrong time? I sold the majority of my long term shares yesterday at 0.093. If your talking about my trading shares then yes, I invested in Scrypt, and FYI, and as at now, 80% of the trades over the past forty eight hours have been mine.

Have you even looked at the projections?

The reason your butthurt is because I'm calling this out for what it is. If your too stupid or blind to realise that, that's your problem. But don't get this wrong, the profitability you are talking about, is profitability for them, not you. I'm actually trying to help you. But whatever.

i have looked

your concerns are that of someone butthurt, nothing more
everything you buy has a confabulated amount of profit that can be adjusted, this is what the hosting fee is,
they are probably paying less then 0.05$/kwh, i get 0.09$/kwh at residential rates
they are splitting the collocation cost between PETA and SCRYPTX
the bandwidth costs are probably not that much

They arn't splitting any costs. There are probably near zero variable costs. All I'm going to say is do your research. The projections are purposefully misleading so they can take an opportunity to maximise their own profits. If you do your research properly you will realise what's going on here.

And the fact you've actually seen the projections and are still coming here to argue speaks volumes about your state of mind allot more than it does mine.

Here's the projections for anyone that is interested. I'm expecting someone to put all the pieces together shortly.

https://docs.google.com/spreadsheet/lv?key=0AjI5bgsiFJAidHgwa0UyTHNEVG1lbDdvN2FMTExvOHc&usp=drive_web

Anyone who actually does some research will know exactly how they are going to bleed this project to death, using capital your going to give them. Your basicly going to pay for their retirement while everyone else here is going to be left bag holding a dying stock.

It shouldn't take a former analyst to work this out. All the facts are well within your reach, I'm just giving you a push in the right direction.

Hint. LinkedIn.

If they don't restructure this project in a way that has benefit for their investors and not just them I'm going to make another thread and post actual projections that have some basis with reality, along with how their going to make money, why they have structured this the way they have, and what's going to happen to investors. People who arn't so infatuated with this stock will understand exactly where I'm coming from.

Edit: FYI, editing your post to defame me is pointless. The facts will speak for themselves. I am doing this because I was a huge supporter of this project, someone who has told people countless times this is a good investment and they should trust these people, and I'm not going to sit here why they turn this into a way of lining their pockets and screwing investors.  I'm doing this because its the right thing to do.

Please understand, I'm 2000% up since late November day trading securities like this, the money I didn't make over the past 48 hours is equivalent to what I'd spend on a good night out at the casinos. So you can stop with the whole butthurt argument. This is about doing the right thing and writing my wrongs, not some silly trying to make myself feel better by destroying other people's investments. I'm not that sort of person.

Please, just do your research, make your own projections, and take an unbiased view. If you do that and still come back thinking this is a good investment then you should probably just buy and hold. I'm hoping by bring this to everyone's attentions cryptX will drastically change their strategy. I'm doing this for your benefit, not mine.

@mikemikemike I'm just glad that you realized how CriptX is going to manage this.

[mikemikemike]

So when it's the deploiment completion date? Where in the contract can you find that? What happends if the term isn't respected?
If I'm wrong, Criptx could have answered the questions and prove me he's right... only that he can't say anything that "he's confident"...

"units are already ready but just waiting to see how many shares are sold before they are either delivered or put online..."
So if you had a unit that you want to rent or sell to someone (and you claim they woult turn a profit) wouldn't you would mine with it in the meantime until you receive your money?
Answer that pls!


-edit-
   Ah, better don't answer. Just looked at your (20) post history: mostly in PETA thread.
-edit-

Dude. Just don't invest. Simple as that.

These people have a proven history of meeting deadlines when it comes to producing their own units. If they say they have deals in place and the units are ready then I'd say without a doubt they have deals in place and are ready.

I mean shit, they have brought in this many units each week for the past few weeks without fail to PETA, why do you think this will be any different? These are two proven companies, not a couple of kids on this forum trying to make a quick buck.

This is a trust thing. If you don't trust them then just don't invest. Just don't go calling something a pre-order when it's clearly not.

if you think you have any rights as a btc investor, you are in the wrong place.
also its in investors interest to help PETA succeed, so thats why other people will help them make more money.

this is not the type of stock that gives you voting rights per share, cryptx can do as needed to secure future profitability without needing your opinion.



the only reason your on here to rant negatively and give threats is because you are butthurt you exited at the wrong time and lost the game. PETA still stands as the best investment option on havelock, regardless of the outcome of the current plans, which can only be positive.

Exited at the wrong time? I sold the majority of my long term shares yesterday at 0.093. If your talking about my trading shares then yes, I invested in Scrypt, and FYI, and as at now, 80% of the trades over the past forty eight hours have been mine.

Have you even looked at the projections?

The reason your butthurt is because I'm calling this out for what it is. If your too stupid or blind to realise that, that's your problem. But don't get this wrong, the profitability you are talking about, is profitability for them, not you. I'm actually trying to help you. But whatever.

i have looked

your concerns are that of someone butthurt, nothing more
everything you buy has a confabulated amount of profit that can be adjusted, this is what the hosting fee is,
they are probably paying less then 0.05$/kwh, i get 0.09$/kwh at residential rates
they are splitting the collocation cost between PETA and SCRYPTX
the bandwidth costs are probably not that much

They arn't splitting any costs. There are probably near zero variable costs. All I'm going to say is do your research. The projections are purposefully misleading so they can take an opportunity to maximise their own profits. If you do your research properly you will realise what's going on here.

And the fact you've actually seen the projections and are still coming here to argue speaks volumes about your state of mind allot more than it does mine.

Here's the projections for anyone that is interested. I'm expecting someone to put all the pieces together shortly.

https://docs.google.com/spreadsheet/lv?key=0AjI5bgsiFJAidHgwa0UyTHNEVG1lbDdvN2FMTExvOHc&usp=drive_web

Anyone who actually does some research will know exactly how they are going to bleed this project to death, using capital your going to give them. Your basicly going to pay for their retirement while everyone else here is going to be left bag holding a dying stock.

It shouldn't take a former analyst to work this out. All the facts are well within your reach, I'm just giving you a push in the right direction.

Hint. LinkedIn.

If they don't restructure this project in a way that has benefit for their investors and not just them I'm going to make another thread and post actual projections that have some basis with reality, along with how their going to make money, why they have structured this the way they have, and what's going to happen to investors. People who arn't so infatuated with this stock will understand exactly where I'm coming from.

Edit: FYI, editing your post to defame me is pointless. The facts will speak for themselves. I am doing this because I was a huge supporter of this project, someone who has told people countless times this is a good investment and they should trust these people, and I'm not going to sit here why they turn this into a way of lining their pockets and screwing investors.  I'm doing this because its the right thing to do.

Please understand, I'm 2000% up since late November day trading securities like this, the money I didn't make over the past 48 hours is equivalent to what I'd spend on a good night out at the casinos. So you can stop with the whole butthurt argument. This is about doing the right thing and writing my wrongs, not some silly trying to make myself feel better by destroying other people's investments. I'm not that sort of person.

Please, just do your research, make your own projections, and take an unbiased view. If you do that and still come back thinking this is a good investment then you should probably just buy and hold. I'm hoping by bring this to everyone's attentions cryptX will drastically change their strategy. I'm doing this for your benefit, not mine.

@mikemikemike I'm just glad that you realized how CriptX is going to manage this.

That awkward moment when you realise you where wrong.

Apologies for this, the IPO did make profit but I don't trust these people at all. There new update to PETA is set out solely to funnel investors money from the mine to their solar power company.

Once again, really sorry. I should have opened my eyes a little bit wider.

[Entropy86]

Wtf???

I came here from reddit as I was interested in is project and just asked some simple questions and they deleted all of them. Here's all I posted. WTF is going on?? How can they just delete stuff they don't like??






Hi guys, redditor here. Saw a post in there and I've been doing my research as I have some BTC to invest.

Most of it looks legit apart from well, apart from a few things.

1) is it true that the team that runs this project makes money from the electricity fees?

Does that not seem completely counter productive considering its completely against investor interests?

2) why is the reinvestment strategy set so poorly? It makes no sense at all to reinvest like that unless your trying to build up electricity no?

3) Also, my numbers are pretty poor, but is it actually 3$/GHs? Last time I checked you could buy hardware directly from the manufacturer for 1.5$/GH and they would even host it for you including costs for an extra 0.2$/GHs. How come the price difference is so huge, if your buying the best machines, where is all the extra funds going?

This was a bit painful to read, but it does highlight some glaring issues with how some people view mining. $3 per GH/s was a fair deal 4 months ago when BTC/USD was $700-800 a coin and network difficulty was under 2.5B.

As Jimmothy started to touch on, current hardware has fallen well below that mark. A BitMain AntMiner S2 (1TH/s) is being sold for BTC5.065, the equivalent of ~$2.27 per GH/s at today's exchange rate. It's predecessor, the AntMiner S1, is being sold for BTC0.439, the equivalent of ~$1.09 per GH/s at today's exchange rate, though not as energy efficient. As newer hardware is introduced and competition increases, it's expected that the price per GH/s will continue to fall.

so will PETA's cost/Gh/s go down as they increase the corresponding GH/s per share


look at butterflylabs, $10.83/Gh/s cloud hosting

They should, theoretically. Right now, PETA is at about $5.64 per GH/s (~7.55 GH/s per share @ BTC0.095). Assuming full deployment of 1.5PH/s, current share value (BTC0.095) puts it at ~$1.88 per GH/s (at 66,371 outstanding shares)...but the more shares there are, the higher the 'price per GH/s' will be.

Until full deployment happens, though, CoinTerra's new hosting plans range from $4.99 down to $2.75. And I'm not sure what KnC's plans are for hosting...

we are currently guaranteed the 15Gh/s++ per share
the current increase in shares will not have any diluting affect

Yes it will. The more shares the less dividends per share. Does anyone else have some insight apart from the guy above? He seems to be the only one defending this project??

CryptX? Can you answer my questions??

[Anotheranonlol]

Wtf???

I came here from reddit as I was interested in is project and just asked some simple questions and they deleted all of them. Here's all I posted. WTF is going on?? How can they just delete stuff they don't like??

stylometry, it's caught people out before

[NotLambchop]

Why delete valid questions, regardless of who asks them?

[Entropy86]

Wtf???

I came here from reddit as I was interested in is project and just asked some simple questions and they deleted all of them. Here's all I posted. WTF is going on?? How can they just delete stuff they don't like??

stylometry, it's caught people out before

WTF??? This forum is a joke. Atleast on reddit the moderators don't support whatever joke project makes them the most money. Absolute frauds this entire place. How btt mods can delete my post when all I did was ask simple questions

Now I know why people say this place is a mess

[Anotheranonlol]

WTF??? This forum is a joke. Atleast on reddit the moderators don't support whatever joke project makes them the most money. Absolute frauds this entire place. How btt mods can delete my post when all I did was ask simple questions

Who said mods are deleting, it's OP of thread

Why delete valid questions, regardless of who asks them?

I imagine because they said they were going to delete certain individuals; and now just following their word. They aren't deleting bitcoin-assets crew posts despite the critique, are they?

By the way I don't agree in deleting any post whatsoever, it's trivial to mirror in unmoderated thread as is happening now and it reflect poorly on whoever deleted them.

[NotLambchop]

...

Why delete valid questions, regardless of who asks them?

I imagine because they said they were going to delete certain individuals; and now just following their word. They aren't deleting bitcoin-assets crew posts despite the critique, are they?
...

Well, that only begs the question "why did they say they were going to delete certain individuals"?  Self-moderation has always been the last resort of failed scammers -- from CoinLab to ActiveMining to NeoBee.

It usually prolongs the charade, adds to the lel, but... not for long.

[mikemikemike]

...

Why delete valid questions, regardless of who asks them?

I imagine because they said they were going to delete certain individuals; and now just following their word. They aren't deleting bitcoin-assets crew posts despite the critique, are they?
...

Well, that only begs the question "why did they say they were going to delete certain individuals"?  Self-moderation has always been the last resort of failed scammers -- from CoinLab to ActiveMining to NeoBee.

It usually prolongs the charade, adds to the lel, but... not for long.

Exactly. This is a scam through and through. You can see from the detailed posts I've made exactly whats going on. They can't delete shit there. The sheer amount of large holders in this project, ones that I keep in contact with on a regular basis, have all thanked me profusely for bringing this all to light. Cryptx are panicking now because what they are trying to pull is all out in the open.

Absolute scum. Both of them.

Here's an excerpt from a post I made earlier that a child could understand about what's going on.



Ok. So look at it like this. Imagine you know a shit lot about computers. And a new computer comes out which runs at 3GHz instead of 1.5GHz, and everyone's like "OMG IT'S TWICE AS FAST THIS IS THE SHIT, IM GONNA PAY 50% MORE FOR THIS COMPUTER AND IM GONNA HAVE THE FASTEST OMG OMG OMG", but in reality, it's not just the processor speed that makes the computer fast, it depends on the number of cores, the memory, the read and write speed of the hard drive, the graphics card ect ect.

So imagine you've worked out that in reality, this computer is actually allot slower than the older models, that the manufactuer has just pumped it up to 3GHz while killing all the other specs to make it look better than it actually is. Now imagine on top of that, that same manufactuer goes around advertising it's the faster computer on the market. It starts to tick you off towards that company after a while.

Now imagine you used to be a stanch supporter of this manufactuer, and you've told all your friends these are your guys, they will sort you out. By not actually coming out when they are trying to pull somthing and trying to stop them, when your friends realise in a few months that they can't keep up with the latest games, their gonna be pissed. It's like leading 100 sheep to a cliff and telling them its going to be safe, and then you find out theres a landslide. You'll do everything to stop it but in reality there's not much you can do, their already at the cliff enjoying the view.

Anyways, the whole point is I'm not the only hearder. You've heard from so many other people that are long term holders of what they are trying to pull, and hopefully it's got through to quite a few. But you've still got your diehard kids who are like "FUCK YOU, I DON'T CARE WHAT YOU SAY ABOUT MY COMPUTER, IT RUNS AT 3GHz AND YOU DON'T KNOW WHAT YOUR TALKING ABOUT"

It's painful.

If people don't believe what I'm saying then just look at what other people are saying. This whole update makes zero sense from an investors perspective. Someone ran the numbers and worked out earlier that infact, ROI wise, investors where two times better off with the old reinvestment plan, and five times better off without any reinvestment plan altogether. Other people have run the numbers and realised the ROI is less than 20% of what's advertised. This isn't just me saying it anymore. But tbh, all I wanted was other people to do their own research independent of what I'm telling them and work it out for themselves. Which has happened. And that I feel allot better about.

So yeah, next bit is why are they doing this? Its the same reason CryptX don't own ANY shares in their own company, because they make money from the fees. How many companies dont have the owners or CEO's holding a stake in the company?? if you had a server farm, is it not the last thing you'd want, as having the guys who manage it, having their only income as through how much electricity they can generate??? it sounds crazy doesnt it?? but this is exaclty whats happening. Their interests are aligned completely opposite to the investors.

And yeh. if you look at the ONLY benefit towards their strategy of reinvestment, it's that it increases fees at a sliding exponential rate and then stabilises them, all in all killing ROI for investors. To me, and to a few others, this is the most obvious thing, but some people just can't see past the two dimensional aspect.

Anyways, it's pointless now, the IPO has started and they have restructured the company without any say so from investors. In three months time all those investors are gonna be absolutely fuming when they realise they can't even play the shity games, and the manufactuer has robbed them.

Anyways. Whatever. I'm slowly starting to move on, I've done all I can do. CryptX is now deleting all the posts that explain to investors what's going on, and the only people left are the shills who can't see past the whole 3GHz sign.