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..
Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 11. (Read 63943 times)
August 19, 2014, 09:09:41 AM
August 19, 2014, 09:06:19 AM
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.
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.
August 18, 2014, 02:20:43 PM
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:
WHOLESALE INQUIRY (from GAWminers)
As our many existing resellers will tell you, being a GAW reseller comes with some GAWsome benefits. For starters, you receive up to 5-20% in bulk pricing discounts on orders, direct shipping to customers, expanded customer support, and early-access to some of our latest product releases.
While there are requirements on minimum order quantity, we encourage all potential resellers to fill out the form below and contact us. We review each and every application that comes in the door and our CEO will make the final call.
____________________________________________________________
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. 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:
WHOLESALE INQUIRY (from GAWminers)
As our many existing resellers will tell you, being a GAW reseller comes with some GAWsome benefits. For starters, you receive up to 5-20% in bulk pricing discounts on orders, direct shipping to customers, expanded customer support, and early-access to some of our latest product releases.
While there are requirements on minimum order quantity, we encourage all potential resellers to fill out the form below and contact us. We review each and every application that comes in the door and our CEO will make the final call.
____________________________________________________________
i dont get it why CryptX still insist of their A2 . . .
MAYBE WE MAKE THEM TO CHANGE THE VOTING TO THE ABOVE MENTIONED MACHINES!
August 18, 2014, 07:41:02 AM
meanwhile, Havelock down since Saturday... (early morning - their time).
I just want out asap.
I just want out asap.
August 17, 2014, 12:50:51 PM
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?
...
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.
August 17, 2014, 12:08:23 PM
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?
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.
August 17, 2014, 11:23:22 AM
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?
But no3 or 4 should sort the share price?
August 16, 2014, 07:37:16 AM
My only question is that Cryptx should probably own 65100 Petamine units, so how comes if we convert all Scrypt-X units into Peta units? That will be converted into 147415 Petamine units. Another 82315 Petamine units will be needed.
So, does Cryptx own 147415 Petamine units in hands, or it will go another way? Like deploy new 82315 GH/s to increase the total Peta's shares number?
So, does Cryptx own 147415 Petamine units in hands, or it will go another way? Like deploy new 82315 GH/s to increase the total Peta's shares number?
are you accounting for the unsold peta units? essentially one's that are on standby and have not recieved dividends, but could be sold in IPO or in other situation?
I may be missing something here... hmmm, now that I think about yes I see - they would have to increase GH of peta. Maybe peta has aquired these from another large shareholder as they did last time.
I account that part of shares from this source.
Quote
July 11th, 2014 - Dear Unit Holders
These are the results of the survey: 68% of all unit holders have cast their vote with regard to the outlined strategy change of PetaMine:
- Yes votes: 98%
- No votes: 2%
Based on these results we will go forward with the execution of the following points:
- Convert the outstanding loan of 342,9 BTC to 4650 PetaMine units
- Change the dividend payout to 100%
- Reverse split of 14 for 1 unit.
- Payment of dividend each day
Trading will temporarily be halted later today and all open orders will be cancelled. After trading stop, each unit will be converted to 14 units and trading will resume shortly thereafter.
Details about this week’s dividend payout:
243.53169702 BTC in total from mining and converted NMC’s
- 173.75750347 BTC as dividend (0.00211533 BTC/share)
- 69.77419355 BTC as hosting fee
Team CryptX
These are the results of the survey: 68% of all unit holders have cast their vote with regard to the outlined strategy change of PetaMine:
- Yes votes: 98%
- No votes: 2%
Based on these results we will go forward with the execution of the following points:
- Convert the outstanding loan of 342,9 BTC to 4650 PetaMine units
- Change the dividend payout to 100%
- Reverse split of 14 for 1 unit.
- Payment of dividend each day
Trading will temporarily be halted later today and all open orders will be cancelled. After trading stop, each unit will be converted to 14 units and trading will resume shortly thereafter.
Details about this week’s dividend payout:
243.53169702 BTC in total from mining and converted NMC’s
- 173.75750347 BTC as dividend (0.00211533 BTC/share)
- 69.77419355 BTC as hosting fee
Team CryptX
So basically 4650 old petamine shares* 14 convert rate = 65100 new petamine shares in Cryptx's hands.
August 16, 2014, 05:57:24 AM
My only question is that Cryptx should probably own 65100 Petamine units, so how comes if we convert all Scrypt-X units into Peta units? That will be converted into 147415 Petamine units. Another 82315 Petamine units will be needed.
So, does Cryptx own 147415 Petamine units in hands, or it will go another way? Like deploy new 82315 GH/s to increase the total Peta's shares number?
So, does Cryptx own 147415 Petamine units in hands, or it will go another way? Like deploy new 82315 GH/s to increase the total Peta's shares number?
are you accounting for the unsold peta units? essentially one's that are on standby and have not recieved dividends, but could be sold in IPO or in other situation?
I may be missing something here... hmmm, now that I think about yes I see - they would have to increase GH of peta. Maybe peta has aquired these from another large shareholder as they did last time.
August 16, 2014, 05:36:59 AM
My only question is that Cryptx should probably own 65100 Petamine units, so how comes if we convert all Scrypt-X units into Peta units? That will be converted into 147415 Petamine units. Another 82315 Petamine units will be needed.
So, does Cryptx own 147415 Petamine units in hands, or it will go another way? Like deploy new 82315 GH/s to increase the total Peta's shares number?
So, does Cryptx own 147415 Petamine units in hands, or it will go another way? Like deploy new 82315 GH/s to increase the total Peta's shares number?
August 16, 2014, 12:58:47 AM
I wouldn't be surprised if the thousands cryptx is earning weekly off our pain is one day applied to either:
1.) CryptX11/13 farming asset
11/13?1.) CryptX11/13 farming asset
August 16, 2014, 12:54:51 AM
cryptx is just proposing to buy more a2 's and not something better to get rid of there old stock that losts its money last month like big time.
This is them and plenty of old stock https://www.asic-hardware.com/product/a2-innosilicon-terminator-scrypt-miner-90-mhs/
This is them and plenty of old stock https://www.asic-hardware.com/product/a2-innosilicon-terminator-scrypt-miner-90-mhs/
August 16, 2014, 12:12:34 AM
I wouldn't be surprised if the thousands cryptx is earning weekly off our pain is one day applied to either:
1.) CryptX11/13 farming asset
11/13? 1.) CryptX11/13 farming asset
August 15, 2014, 10:01:18 PM
I wouldn't be surprised if the thousands cryptx is earning weekly off our pain is one day applied to either:
1.) CryptX11/13 farming asset
or even more ambitious:
2.) CryptX ASIC's, yeah baby, our goal is to capture 2% of overall BTC or LTC network by designing our own in-house mining rigs and chips!! We know things didn't go so well with our first two listings but trust us, this time it will be different :/
One thing we investors can be proud of I suppose, in another 2-3 months when scryptx can rebuy all our shares at 20% on the dollar or better he will be one of the largest private owners of hash for both sha and scrypt in the whole of the world I suspect...we helped do that...it was costly, but that was all us. Hmmm, now that I type it I don't quite get the feel good jolt I was hoping for.
1.) CryptX11/13 farming asset
or even more ambitious:
2.) CryptX ASIC's, yeah baby, our goal is to capture 2% of overall BTC or LTC network by designing our own in-house mining rigs and chips!! We know things didn't go so well with our first two listings but trust us, this time it will be different :/
One thing we investors can be proud of I suppose, in another 2-3 months when scryptx can rebuy all our shares at 20% on the dollar or better he will be one of the largest private owners of hash for both sha and scrypt in the whole of the world I suspect...we helped do that...it was costly, but that was all us. Hmmm, now that I type it I don't quite get the feel good jolt I was hoping for.
August 15, 2014, 09:24:17 PM
Quote from: Cryptx
We would like to propose some ideas / options for the Scrypt-X project. We will issue a first voting round between 4 possible options. A second voting round will be held between the two most favorable/supported options.
Options:
1. Purchase of 23 Scrypt Miners (A2 Innosilicon Terraminers, hashrate of ~85-90Mh/s)
Total hashrate: 2,000 Mh/s
Overall hashrate of Scrypt-X will increase by 50 percent to a total of 6,000 Mh/s
Deployment is possible immediately after the second voting round
Total price $45,977 or $1,999 per miner
2. Convert every Scrypt-X unit to 5 PetaMine units. The Scrypt-X project will cease to exist.
3. One time dividend of 90.5 BTC. The Scrypt-X project will continue with a weekly 100% dividend payout.
4. Keep the reinvestment funds for future opportunities. The Scrypt-X project remains like it is today.
Options:
1. Purchase of 23 Scrypt Miners (A2 Innosilicon Terraminers, hashrate of ~85-90Mh/s)
Total hashrate: 2,000 Mh/s
Overall hashrate of Scrypt-X will increase by 50 percent to a total of 6,000 Mh/s
Deployment is possible immediately after the second voting round
Total price $45,977 or $1,999 per miner
2. Convert every Scrypt-X unit to 5 PetaMine units. The Scrypt-X project will cease to exist.
3. One time dividend of 90.5 BTC. The Scrypt-X project will continue with a weekly 100% dividend payout.
4. Keep the reinvestment funds for future opportunities. The Scrypt-X project remains like it is today.
Where's the "None of the above", or "Vote Write-In" option?
#1 -- A2 chips are inefficient at this point, and there are vastly better deals out there, as alexius89 has helpfully pointed out.
#2 -- PETA is a dead fund (though most people haven't figured it out yet). Halting reinvestment is a death sentence in mining, and it's incredibly clear which direction PETA is headed. It wouldn't matter if they converted the shares 10 to 1 when they'll be worth nothing in the end anyway.
#3 -- Essentially a cop-out, the result of which would bring us onto the same page as PETA. Dividends will temporarily increase, followed by a plummet in share price, and an eventual decline to BTC0.0
#4 -- The most logical choice if they were to take the fund seriously, and this ignores the need for new hardware, but given they've put it to a vote...
In all honesty, I'm quite disappointed in the supposed professionalism this team was to display. They have the money and space for equipment, but lack the managerial or strategic foresight to aptly run a company.
Exactly, the given option are not really what I expected. A question in the round:
I sent korbmans mail so at least they read it and offer something.
AND: they will listen to us again if we write another mail qualifiesld and proper mail.
(Korbman wink wink),
There we should include other hardware options (GAW.etc..) As well as some investor friendly solutions.
Cheers
Did anyone else sent Korbmans or my mail or one by his/her own to to cryptX?
August 15, 2014, 09:10:56 PM
Quote from: Cryptx
We would like to propose some ideas / options for the Scrypt-X project. We will issue a first voting round between 4 possible options. A second voting round will be held between the two most favorable/supported options.
Options:
1. Purchase of 23 Scrypt Miners (A2 Innosilicon Terraminers, hashrate of ~85-90Mh/s)
Total hashrate: 2,000 Mh/s
Overall hashrate of Scrypt-X will increase by 50 percent to a total of 6,000 Mh/s
Deployment is possible immediately after the second voting round
Total price $45,977 or $1,999 per miner
2. Convert every Scrypt-X unit to 5 PetaMine units. The Scrypt-X project will cease to exist.
3. One time dividend of 90.5 BTC. The Scrypt-X project will continue with a weekly 100% dividend payout.
4. Keep the reinvestment funds for future opportunities. The Scrypt-X project remains like it is today.
Options:
1. Purchase of 23 Scrypt Miners (A2 Innosilicon Terraminers, hashrate of ~85-90Mh/s)
Total hashrate: 2,000 Mh/s
Overall hashrate of Scrypt-X will increase by 50 percent to a total of 6,000 Mh/s
Deployment is possible immediately after the second voting round
Total price $45,977 or $1,999 per miner
2. Convert every Scrypt-X unit to 5 PetaMine units. The Scrypt-X project will cease to exist.
3. One time dividend of 90.5 BTC. The Scrypt-X project will continue with a weekly 100% dividend payout.
4. Keep the reinvestment funds for future opportunities. The Scrypt-X project remains like it is today.
Where's the "None of the above", or "Vote Write-In" option?
#1 -- A2 chips are inefficient at this point, and there are vastly better deals out there, as alexius89 has helpfully pointed out.
#2 -- PETA is a dead fund (though most people haven't figured it out yet). Halting reinvestment is a death sentence in mining, and it's incredibly clear which direction PETA is headed. It wouldn't matter if they converted the shares 10 to 1 when they'll be worth nothing in the end anyway.
#3 -- Essentially a cop-out, the result of which would bring us onto the same page as PETA. Dividends will temporarily increase, followed by a plummet in share price, and an eventual decline to BTC0.0
#4 -- The most logical choice if they were to take the fund seriously, and this ignores the need for new hardware, but given they've put it to a vote...
In all honesty, I'm quite disappointed in the supposed professionalism this team was to display. They have the money and space for equipment, but lack the managerial or strategic foresight to aptly run a company.
I seconded this.
Me too. I've voted 4. Maybe miners if we can get some more cost effective options, but I'm up for waiting for future hardware and taking the risk to see if the price increases. Also why doesn't cryptx use a multipool thing to mine the most cost efficient coin? Instead of LTC all the time?
August 15, 2014, 05:46:36 PM
Quote from: Cryptx
We would like to propose some ideas / options for the Scrypt-X project. We will issue a first voting round between 4 possible options. A second voting round will be held between the two most favorable/supported options.
Options:
1. Purchase of 23 Scrypt Miners (A2 Innosilicon Terraminers, hashrate of ~85-90Mh/s)
Total hashrate: 2,000 Mh/s
Overall hashrate of Scrypt-X will increase by 50 percent to a total of 6,000 Mh/s
Deployment is possible immediately after the second voting round
Total price $45,977 or $1,999 per miner
2. Convert every Scrypt-X unit to 5 PetaMine units. The Scrypt-X project will cease to exist.
3. One time dividend of 90.5 BTC. The Scrypt-X project will continue with a weekly 100% dividend payout.
4. Keep the reinvestment funds for future opportunities. The Scrypt-X project remains like it is today.
Options:
1. Purchase of 23 Scrypt Miners (A2 Innosilicon Terraminers, hashrate of ~85-90Mh/s)
Total hashrate: 2,000 Mh/s
Overall hashrate of Scrypt-X will increase by 50 percent to a total of 6,000 Mh/s
Deployment is possible immediately after the second voting round
Total price $45,977 or $1,999 per miner
2. Convert every Scrypt-X unit to 5 PetaMine units. The Scrypt-X project will cease to exist.
3. One time dividend of 90.5 BTC. The Scrypt-X project will continue with a weekly 100% dividend payout.
4. Keep the reinvestment funds for future opportunities. The Scrypt-X project remains like it is today.
Where's the "None of the above", or "Vote Write-In" option?
#1 -- A2 chips are inefficient at this point, and there are vastly better deals out there, as alexius89 has helpfully pointed out.
#2 -- PETA is a dead fund (though most people haven't figured it out yet). Halting reinvestment is a death sentence in mining, and it's incredibly clear which direction PETA is headed. It wouldn't matter if they converted the shares 10 to 1 when they'll be worth nothing in the end anyway.
#3 -- Essentially a cop-out, the result of which would bring us onto the same page as PETA. Dividends will temporarily increase, followed by a plummet in share price, and an eventual decline to BTC0.0
#4 -- The most logical choice if they were to take the fund seriously, and this ignores the need for new hardware, but given they've put it to a vote...
In all honesty, I'm quite disappointed in the supposed professionalism this team was to display. They have the money and space for equipment, but lack the managerial or strategic foresight to aptly run a company.
I seconded this.
August 15, 2014, 05:30:35 PM
Quote from: Cryptx
We would like to propose some ideas / options for the Scrypt-X project. We will issue a first voting round between 4 possible options. A second voting round will be held between the two most favorable/supported options.
Options:
1. Purchase of 23 Scrypt Miners (A2 Innosilicon Terraminers, hashrate of ~85-90Mh/s)
Total hashrate: 2,000 Mh/s
Overall hashrate of Scrypt-X will increase by 50 percent to a total of 6,000 Mh/s
Deployment is possible immediately after the second voting round
Total price $45,977 or $1,999 per miner
2. Convert every Scrypt-X unit to 5 PetaMine units. The Scrypt-X project will cease to exist.
3. One time dividend of 90.5 BTC. The Scrypt-X project will continue with a weekly 100% dividend payout.
4. Keep the reinvestment funds for future opportunities. The Scrypt-X project remains like it is today.
Options:
1. Purchase of 23 Scrypt Miners (A2 Innosilicon Terraminers, hashrate of ~85-90Mh/s)
Total hashrate: 2,000 Mh/s
Overall hashrate of Scrypt-X will increase by 50 percent to a total of 6,000 Mh/s
Deployment is possible immediately after the second voting round
Total price $45,977 or $1,999 per miner
2. Convert every Scrypt-X unit to 5 PetaMine units. The Scrypt-X project will cease to exist.
3. One time dividend of 90.5 BTC. The Scrypt-X project will continue with a weekly 100% dividend payout.
4. Keep the reinvestment funds for future opportunities. The Scrypt-X project remains like it is today.
Where's the "None of the above", or "Vote Write-In" option?
#1 -- A2 chips are inefficient at this point, and there are vastly better deals out there, as alexius89 has helpfully pointed out.
#2 -- PETA is a dead fund (though most people haven't figured it out yet). Halting reinvestment is a death sentence in mining, and it's incredibly clear which direction PETA is headed. It wouldn't matter if they converted the shares 10 to 1 when they'll be worth nothing in the end anyway.
#3 -- Essentially a cop-out, the result of which would bring us onto the same page as PETA. Dividends will temporarily increase, followed by a plummet in share price, and an eventual decline to BTC0.0
#4 -- The most logical choice if they were to take the fund seriously, and this ignores the need for new hardware, but given they've put it to a vote...
In all honesty, I'm quite disappointed in the supposed professionalism this team was to display. They have the money and space for equipment, but lack the managerial or strategic foresight to aptly run a company.
August 15, 2014, 03:16:52 PM
Well nice to have an update from CryptX finally. But I gotta say the option to convert existing scryptx shares over to petamine shares at a ratio of 5:1 is just laughable to me. I've been involved with the CryptX sha IPO since it opened and the situation with that stock is even worse than it is here but given Cryptx track-record thus far with regards to getting a good $/GH rate it's actually probably one of the better options he's offering although personally I'm leaning towards the 90BTC payout and continued daily dividends.
August 15, 2014, 02:13:07 PM
Take this for what it's worth:
PetaMine divs per share from the last 7 days = 0.00008705
(0.00001245+0.00000924+0.00001195+0.00001658+0.00001244+0.00001294+0.00001145)
For one share of Scrypt-X, we'd get 5 shares of Peta, so weekly becomes 0.00043525
(0.00008705 * 5)
This week's Scrypt-X share was only 0.00009065/share, or ~21% of the Peta equivalent divs.
(0.00009065 / 0.00043525)
A one time payout of 90.5 BTC comes to 0.003074 / share.
Here's my opinion of how the options rank:
(2) or (3) > (4) > (1)
Im thinking 4 then 3 only because they havnt listed any competitive minersPetaMine divs per share from the last 7 days = 0.00008705
(0.00001245+0.00000924+0.00001195+0.00001658+0.00001244+0.00001294+0.00001145)
For one share of Scrypt-X, we'd get 5 shares of Peta, so weekly becomes 0.00043525
(0.00008705 * 5)
This week's Scrypt-X share was only 0.00009065/share, or ~21% of the Peta equivalent divs.
(0.00009065 / 0.00043525)
A one time payout of 90.5 BTC comes to 0.003074 / share.
Here's my opinion of how the options rank:
(2) or (3) > (4) > (1)
Edit: why wouldnt they have you be able to pick two choices for each vote??
Jump to: