Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX (Read 63943 times)
Nice. Aslong as i lose money i am into it.
December 29, 2014, 03:07:13 PM
Its a scam cos they could. Twenty Seventy why dont you go back to running your own scam. Charge ppl money to buy units where the return and share price always goes down. So every week you can lose some value and not gain at all over any term of investment. Thats the future.
The value decreases as the BTC is paid out to holders of MINE or SELL or both. The decrease is planned and known about up-front. The hard part is telling the proportion that either side will receive. Read the contract and get back to me if you still don't understand how it works.
December 29, 2014, 01:53:41 PM
Any idiot knows diff goes up over time - so did they know or not know what they were doing?
Did you? Clearly not if you're seriously positing this question.
I invested expecting LTC dif not to rise as quickly as it did, regardless if cryptx managed the reinvestment funds properly the operation still would have failed without having competitive hardware to keep up
They were suppsoed to be buying and selling chips, making their own machines from boards and chips.
Did they? No they fucking did not.
Was not HaveLock monitoring their operation ?
December 29, 2014, 01:50:34 PM
Its a scam cos they could. Twenty Seventy why dont you go back to running your own scam. Charge ppl money to buy units where the return and share price always goes down. So every week you can lose some value and not gain at all over any term of investment. Thats the future.
December 29, 2014, 01:47:43 PM
Any idiot knows diff goes up over time - so did they know or not know what they were doing?
Did you? Clearly not if you're seriously positing this question.
I invested expecting LTC dif not to rise as quickly as it did, regardless if cryptx managed the reinvestment funds properly the operation still would have failed without having competitive hardware to keep up
They were suppsoed to be buying and selling chips, making their own machines from boards and chips.
Did they? No they fucking did not.
December 29, 2014, 01:45:21 PM
They said they were to buy chips and boards AND CUSTOM BUILD MACHINES.
DID THEY?
I did not think i was investing in BTC gamblers.
DID THEY?
I did not think i was investing in BTC gamblers.
December 27, 2014, 09:37:48 AM
It's probably pointless to discuss this, and IANAL but...
I'd posit that whether this is a scam depends on cryptx's intentions at the start and throughout the operations. There's a difference between a failed investment, incompetent management, etc and a dishonest scheme that was designed to pull in the marks. Even if everything was run by the book and according to the terms of the prospectus, it could still be a scam in my books, eg.
- if cryptx's intentions were to swindle "investors" from the start
- if the projections were such as to be manifestly improbable to other competent persons (something that was probably true of PETAMINE, but is not so clear for SCRYPT)
It also means there can be such a thing as a legal scam.
I'd posit that whether this is a scam depends on cryptx's intentions at the start and throughout the operations. There's a difference between a failed investment, incompetent management, etc and a dishonest scheme that was designed to pull in the marks. Even if everything was run by the book and according to the terms of the prospectus, it could still be a scam in my books, eg.
- if cryptx's intentions were to swindle "investors" from the start
- if the projections were such as to be manifestly improbable to other competent persons (something that was probably true of PETAMINE, but is not so clear for SCRYPT)
It also means there can be such a thing as a legal scam.
December 26, 2014, 02:41:10 PM
Any idiot knows diff goes up over time - so did they know or not know what they were doing?
Did you? Clearly not if you're seriously positing this question.
I invested expecting LTC dif not to rise as quickly as it did, regardless if cryptx managed the reinvestment funds properly the operation still would have failed without having competitive hardware to keep up
December 26, 2014, 01:11:37 PM
Any idiot knows diff goes up over time - so did they know or not know what they were doing?
Did you? Clearly not if you're seriously positing this question.
December 26, 2014, 05:33:27 AM
Any idiot knows diff goes up over time - so did they know or not know what they were doing?
December 26, 2014, 04:53:45 AM
If woke up one morning and my machines returns and value started to go down i would sell them that day. what i thought i was paying for which is mining expertise was not there at all. a company of guys/gals who are "miners" hence they know what they are doing
So you would sell any mining equipment the day after the first difficulty increase. You would have lasted four days of LTC mining. I'm not saying that this was a great project at all, but this statement is idiotic.
Your the idiot. I thought i was investing in mining experts. Not some people who have no clue what they are doing. Thats the point here. It was a scam.
Twist someone elses words. If something does not work - YOU CHANGE IT.
If something is setup so you cant make much profit or get your money back - then its a scam.
One is legal one is not, cryptx ran a legal scheme if dif would have dropped there would have been no problems and or complaints
December 25, 2014, 11:56:57 AM
If woke up one morning and my machines returns and value started to go down i would sell them that day. what i thought i was paying for which is mining expertise was not there at all. a company of guys/gals who are "miners" hence they know what they are doing
So you would sell any mining equipment the day after the first difficulty increase. You would have lasted four days of LTC mining. I'm not saying that this was a great project at all, but this statement is idiotic.
Your the idiot. I thought i was investing in mining experts. Not some people who have no clue what they are doing. Thats the point here. It was a scam.
Twist someone elses words. If something does not work - YOU CHANGE IT.
If something is setup so you cant make much profit or get your money back - then its a scam.
December 24, 2014, 08:04:36 PM
If woke up one morning and my machines returns and value started to go down i would sell them that day. what i thought i was paying for which is mining expertise was not there at all. a company of guys/gals who are "miners" hence they know what they are doing
So you would sell any mining equipment the day after the first difficulty increase. You would have lasted four days of LTC mining. I'm not saying that this was a great project at all, but this statement is idiotic.
my only gripe was they just sat on reinvestment and did nothing productive towards making income
even if they did everything to make this work it was still bad timing on LTC gear purchase followed by big dif jumps...
December 24, 2014, 03:49:50 PM
If woke up one morning and my machines returns and value started to go down i would sell them that day. what i thought i was paying for which is mining expertise was not there at all. a company of guys/gals who are "miners" hence they know what they are doing
So you would sell any mining equipment the day after the first difficulty increase. You would have lasted four days of LTC mining. I'm not saying that this was a great project at all, but this statement is idiotic.
December 24, 2014, 03:43:23 PM
And thats why CRYPT X never replies but decided to payout the fund and earlier than expected. As he does want to open himself up - to his BS.
All makes perfect sense - now i got some time to think.
All makes perfect sense - now i got some time to think.
December 23, 2014, 06:39:54 AM
I just added it up.
They raised 1000btc, and paid out like 140BTC in dividends and 135BTC in final dividend. Whatever was going on I am guessing it was all bullshit.
They raised 1000btc, and paid out like 140BTC in dividends and 135BTC in final dividend. Whatever was going on I am guessing it was all bullshit.
December 22, 2014, 08:26:44 PM
Go fuck yourselves CRYPT X - I was gonna get the full PDF of the history printed of the project but you pulled it early. I will ask havelock instead.
1. if the re-invest was dist and it was continued - the share price would hv remained where it was as a new re-invest builds up - but this has been one big joke. Thank you very much.
I am sure xmas is giving you all the rewards of taking 80% of my money for nothing. You have stolen my childrens money.
1. if the re-invest was dist and it was continued - the share price would hv remained where it was as a new re-invest builds up - but this has been one big joke. Thank you very much.
I am sure xmas is giving you all the rewards of taking 80% of my money for nothing. You have stolen my childrens money.
December 22, 2014, 04:52:49 PM
If woke up one morning and my machines returns and value started to go down i would sell them that day. what i thought i was paying for which is mining expertise was not there at all. a company of guys/gals who are "miners" hence they know what they are doing
December 22, 2014, 04:05:13 PM
Exactly. They were supposed to keep buying more chips and making the machines themselves. If suddenly u become inefficient - what you do is then change it all - future proof yourself. They should hv done nothing until they had designed and made their own chips which they build from. They were always supposed to build their boards/machines which they never did - they gave us some bull shit about buying this machine or that. So then they are not experts. They scammed it. Nobody with a tech background is that stupid - they were acting if u ask me.
What about the stupid high hosting fees. what about mining not adding up, the list goes on. They were happy taking our money thats about all.
Hate to be harsh - but I would never invest 1000BTC of other peoples money and then turn around and payout only 90% - 80% of what people paid in. This could all be a ponzi scheme where they hv bought and sold machines - nothing more - which explains why they did not build their own machines with chipsets and boards.
What about the stupid high hosting fees. what about mining not adding up, the list goes on. They were happy taking our money thats about all.
Hate to be harsh - but I would never invest 1000BTC of other peoples money and then turn around and payout only 90% - 80% of what people paid in. This could all be a ponzi scheme where they hv bought and sold machines - nothing more - which explains why they did not build their own machines with chipsets and boards.
December 22, 2014, 03:20:49 PM
Guys...if you got the reinvestment fund paid out as a one-time dividend, it would amount to 0.0046BTC/share. CryptX is offering 0.00684BTC/share; this leaves about 0.0023/share from hardware sale, which would be a total of about 67BTC or >$20,000 (if they can actually sell them for this price). Once there is no hardware and no reinvestment fund, the shares have no value, so don't pretend that you could have your cake and eat it too by getting the reinvestment fund back and ALSO selling your shares to some unsuspecting noob.
And if you're not happy with that arrangement, you can always "reinvest" your reinvestment fund in AMHash.
The bottom line is, this is fair. We took a gamble on a Scrypt mining security, lost money, and now have to make tough decisions. I don't see how anyone could call this a scam.
And if you're not happy with that arrangement, you can always "reinvest" your reinvestment fund in AMHash.
The bottom line is, this is fair. We took a gamble on a Scrypt mining security, lost money, and now have to make tough decisions. I don't see how anyone could call this a scam.
I thought I invested 100k GBP in mining experts. But no, I got 20k GBP back in total after final dividend. My mother could have run a better operation - too convenient = SCAM. I could hv done a proper job if I had bothered.
they should be paying out the re-investment fund of the shares and buying the rock bottom shares if they want out. Thats how normal people work. Crypt x have run a clever scam. I think they may hv started with good intentions but in end could not be bothered and knew they could blame technical markers.
They are now keeping the equipment costs, which should be used to buy each share at its current value. And their profits which at a geuss is now actually 80% of the fund. If that aint a scam I dont knwo what is.
Pay me my 100k back you arse holes.
scrypt hashrate blew up right after setting up, i dont understand how you can call it a scam. What would you be saying if the hashrate dropped and we were mining at 35% for the past few months
they did pretty much excatly what they said they were going to do
really the only thing they could have done different would have been damage control and sold the hardware sooner or used the reinvestment funds instead of holding it like escrow
Jump to: