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Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 12. (Read 565829 times)

legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
Just so I understand the relationship properly, Cryptx runs the rigs and charges hosting fees for doing so? Is that how they make their money?

Havelock lists the securities and charges fees for trading them.

Do I have these two things correct?
hero member
Activity: 574
Merit: 500
Good on cryptx to not even make an announcement sheesh lol
Glad I only come here to follow the thread I would have lost btc if I didn't day trade at all

How much in divs did they pay over the span of being on havelock?
legendary
Activity: 980
Merit: 1040
I dont think zero div day because they found more blocks then the day when it was 53

I think you will see an announcement today pushing the project for another two weeks

Have a look yourself:
https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

Cryptx collected his 14.16BTC fees, and there is zero left for divs. Well, technically, 0.00000001 BTC. Divided by how many shares ? Think we need a modification to the bitcoin protocol to turn that in to a dividend Smiley

BTW, likely shareholders now owe money to cryptx, because 14.68 is less than yesterday, and the BTC exchange rate has dropped.
hero member
Activity: 574
Merit: 500



I dont think zero div day because they found more blocks then the day when it was 53

I think you will see an announcement today pushing the project for another two weeks
legendary
Activity: 980
Merit: 1040
legendary
Activity: 980
Merit: 1040
On the bright side, I would guess most mining hardware price is more closely related to dollar than BTC value, so the BTC price drop has two upsides: it brings forward zero div day (that is, unless cryptx is clever/devious enough to lower fees a little bit each time, which Id fully expect), and it could generate more bitcoins on the sale. Then again, I stopped following the SHA device market closely, so Im not sure how many people are still out there interested in buying used 1W/GH gear.
legendary
Activity: 1610
Merit: 1000
Well hello there!
One day where ghash gets under 25 blocks or btc price going to 350 its over

I think for the next two weeks probably you will see divs under 100 then cryptx shuts down and trys to sell hardware
This being the operative word.
hero member
Activity: 574
Merit: 500
One day where ghash gets under 25 blocks or btc price going to 350 its over

I think for the next two weeks probably you will see divs under 100 then cryptx shuts down and trys to sell hardware
legendary
Activity: 980
Merit: 1040
hahaha I like your interest Puppy. KEEP CALM and post something funny.

How is this for funny

Code:
2014-09-29	2014-09-29	0.00000053
2014-09-28 2014-09-28 0.00000085

Hilarious, no?
hero member
Activity: 574
Merit: 500
So divs at two digits again, and price still at .0006. Why would anyone buy that outdated hardware with btc price so low?
legendary
Activity: 1610
Merit: 1000
Well hello there!
Who knows.  At this point I wouldn't put it past him if he where selling off the equipment (on the DL) and paying out 80% of it as dividends at this point.  20% Processing fee of course Smiley
sr. member
Activity: 291
Merit: 250
Just don't get why would cryptx generate fictive dividends because he doesn't care about share price. It would be just enough if he decided to cover negative dividends or switched to weekly payouts to cope with variance. Anyway it's going to get unimportant in few hours when new diff goes into effect and almost zero dividends will become standard. Unless he makes the same move as cex.io did - brutally lowering the hosting fees, which I doubt in this case Lips sealed
legendary
Activity: 1064
Merit: 1001
I dont see any mined coins there at all.

Is cryptx again borrowing money to pay for the divs?

Plot twist: Cryptx is using leftover funding from the ScryptX IPO to cover PETA debts.  Cheesy
hero member
Activity: 672
Merit: 500
Its gotta be so nice to run a mining security; no one pays any attention to what you do.

Case in point; where did todays (and yesterdays) dividends come from, tiny as they may be? Only 5.5 BTC is being received from ghash. The remaining 12+ BTC came from https://blockchain.info/address/15hkE6RRBnDR5bV9CuvrXsKrj61ymTYR3H. Which leads back to a series of new addresses (why?) and ultimately from
https://blockchain.info/address/13FX4VrhWPmgnTtkWFkAb845nWoE6ExdC7

I dont see any mined coins there at all.

Is cryptx again borrowing money to pay for the divs?

Well, at least he can afford it. The bulk of the 'revenue' which is supposed to be for hosting fees is accumulating nicely:
https://blockchain.info/address/1M2b24hed8YSwZxfFZEAtqDUXUoJCDtsYU

350 BTC

Looks like someone is doing allight on peta mine.

Lol, They've heard you, they've started draining the balance Wink
member
Activity: 82
Merit: 10
Its gotta be so nice to run a mining security; no one pays any attention to what you do.

Case in point; where did todays (and yesterdays) dividends come from, tiny as they may be? Only 5.5 BTC is being received from ghash. The remaining 12+ BTC came from https://blockchain.info/address/15hkE6RRBnDR5bV9CuvrXsKrj61ymTYR3H. Which leads back to a series of new addresses (why?) and ultimately from
https://blockchain.info/address/13FX4VrhWPmgnTtkWFkAb845nWoE6ExdC7

I dont see any mined coins there at all.

Is cryptx again borrowing money to pay for the divs?

Well, at least he can afford it. The bulk of the 'revenue' which is supposed to be for hosting fees is accumulating nicely:
https://blockchain.info/address/1M2b24hed8YSwZxfFZEAtqDUXUoJCDtsYU

350 BTC

Looks like someone is doing allight on peta mine.

hahaha I like your interest Puppy. KEEP CALM and post something funny.
legendary
Activity: 980
Merit: 1040
Its gotta be so nice to run a mining security; no one pays any attention to what you do.

Case in point; where did todays (and yesterdays) dividends come from, tiny as they may be? Only 5.5 BTC is being received from ghash. The remaining 12+ BTC came from https://blockchain.info/address/15hkE6RRBnDR5bV9CuvrXsKrj61ymTYR3H. Which leads back to a series of new addresses (why?) and ultimately from
https://blockchain.info/address/13FX4VrhWPmgnTtkWFkAb845nWoE6ExdC7

I dont see any mined coins there at all.

Is cryptx again borrowing money to pay for the divs?

Well, at least he can afford it. The bulk of the 'revenue' which is supposed to be for hosting fees is accumulating nicely:
https://blockchain.info/address/1M2b24hed8YSwZxfFZEAtqDUXUoJCDtsYU

350 BTC

Looks like someone is doing allight on peta mine.
legendary
Activity: 980
Merit: 1040
More good news, cryptx managed to go in the red on a bitcoin address:



-14 BTC ROFL.
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
Another ponzi?



Good news! Cryptx sold the mining rigs.
member
Activity: 82
Merit: 10
Another ponzi?

legendary
Activity: 1610
Merit: 1000
Well hello there!
Too bad CryptX wasn't being operated from the states.  Only thing that could've made my early morning read even better would've been had CryptX's operation been listed next to BFL's and/or LabRat Mining's as having been shutdown.  This scam has been going on for far too long and literally making CryptX rich all along the way.

*The end is near people, get outta CryptX while you can.

**Correction, paypal announcement more than makes up for my not seeing this scammy-asset have the breaks put on it.
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