Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 14. (Read 64118 times)

Maybe they already use a multipool...

But give you the LTC oupss....the BTC instead...and keep the diff coins...
They show what pool the equipment is pointed ? What hashrate ?

Good Plan!
to use more profitable Multi Pools is a major point i think!

=> spending the reinvestment more intelligent is also pretty important. Lets just decide together what to buy for the reinvestment?! (Links to offers, websites are appreciated)

Perhaps its also possible to lower to Hosting & Administration fee a bit. It would have a very positive effect on the longterm run of this project.

By sending a proper Email to the Cryptx Team we want to achieve the following things

(1) Choosing a high profitable Multipool
(2) Better reinvestment decisions with the effort of the investors
(3) a hopefully lower admin/hosting fee

I hope you guys and investors are in and contribute here as well with some activity!

thanks.

So guys can we make an email to them to get this project a bit back on track? I don't think they will sell us out, as everyone said they want to make profit.

My proposal: Get some people together, make a petition and send it to them.

If we....

• Make better reinvestments, better $/MHs
• Take Profitpools instead of LTC

...we can have a 50% increase in Profit over some time. THis is a circle , more profits, more reinvestment etc etc etc.
At the moment we could get with 81 BTC , 48.000 $ around 3-4.5 GH/s , so all in all around 8 Gh/s


Anyone in? I can only try to pull the trigger and motivate you guys to help me.

This project is not lost yet if you think 5-12 months from now and the Bitcoin price rises.

Cheers

Christian

And the worst thing is. They dont give A SHIT and dont even COMUNICATE here.
They just pop om in the beginning to sell of the hype and get there big fat mining fee.
Thats one thing that became sure the past weeks.

ScryptX are the biggest amateurs I have ever met in the Scrypt Mining Business.

Never ever again. This images tells everything. The yellow at the bottom shows the LTC Profit. The other lines show profit pools and we would make 20-40% more profit every week. Sorry guys but you suck!

The only problem here of course is that cryptx's current way of doing things has worked out great for one party so far...  Cryptx himself.  After a proven history of overcharging on electric and hosting/admin fee's.  Followed up by some extremely poor 'reinvestment' decisions (back when reinvestment was still part of the equation on sha project) which obviously don't affect his hosting and electric fee's at all and poor communication the end result is clear.  CryptX and team are the only winners on this venture :/

ATM here are 5 ideas in this thread we could use to make the project better, which would give scrypt also more profit .

Sure, saying what?

Then lets prepare an email here together and we send it ?

I have the feeling that they do read both threads (Peta and Scrypt) but after the shitstorm a while ago, they had decided not to post here anymore.
Honestly, no communication "can" be better than shitty one.
I hope in the future they will start coming back and be a little more open on their plans. For sure it will make shareholders confidence boost a bit.

By the way, they do reply by email when pinged directly. This is not a shady company that is taking the money and running away with it.

Sure wish that where true but to get some idea just how much he can ignore shareholders just take a gander at the cryptx-sha fund :/

Well, if I don't sell my shares and everyone else does, on the LONG run, I'll be the only shareholder and dividend receiver.
Dividend 100% is another type of death sentence, maybe faster.
100% daily dividends is a too fast way out that will crush share price and leave only few bag holders with an insignificant share price/value.
However, I understand the opportunity of each individual doing autonomously what I was proposing. Each week I could get my dividends and try to purchase more shares at market value (and this is what I did). Same result in the end. Easy in, easy out.
But I'd rather do something with the idea of retaining shareholders into the project, rather than creating the opportunity for small sharks to have short term profit and run. The death sentence I'm talking about, in the two different scenarios, has way different timing.

I hope Cryptx will consider my idea and maybe ask for voting

Basically, you are forced to buy shares with your money... no no no

I repeat, the best method is : Dividend 100% reinvest 0% (and the share price might even increase after that)

The only question is how we distribute the current fund... I say we distribute it evenly between the shareholders during the next 10 weeks to avoid big movements.

So, we do have an opportunity here.

- Keep the reinvestment % as it is now.
- Every week, Cryptx places a buy order on havelock for all available mined btc of the week, at that day market price.
- All purchased shares get destroyed and taken out of the market.

Short term benefits:
1. Less shares means more mining power per share.
2. Less shares means more dividends per share.
3. Less shares on the market means more demand for a good product/investment.
4. Weekly purchase/buy orders means less volatility of the share price.
5. Weekly purchase/buy orders means more opportunity to cash out from investors who prefer to leave.

Long term benefits:
1. Cryptx re-buys all available shares and can fade out this project naturally.
2. No need to buy/sell mining machines. Hashing power per share increases every week.

Cons:
1. ...it is a long term dead sentence for this project.
2.

Some numbers:
Last week we increased our reinvestment fund for 8.768 BTC. At current market price it means 1250 shares that means 4.3% of all available shares.
The whole reivenstment fund (total) is currently at 68.72 BTC. At current market price it means 9800 shares that means 33% of all available shares.

"If":
A- if no one wants to sell their shares at current market value, instead of holding our reinvestment fund somewhere, doing nothing, there will be a buy order on havelock (wall).
B- if the share price increases (!?) next week reinvestment fund will create a new buy order at a higher price (higher wall, backed up by the previous one).
C- 33% means increasing immediately our dividend, hashing power per share, by the same percentage (not counting the difficulty increase of alt currencies we do mine).
D- Spot decisions could be made with voting to remove old buy orders from havelock and use those funds to purchase more machines or place a new buy order ath the new market price (or even to distribute those funds to shareholders).

Please let me know if you find more cons (for sure there are, but I cannot think about them now... ).

cheers!

PM cryptx and ask him/them to engage in the thread.  Have you tried that?

Exactly, I see that as a possible solution. They should just save up enough re-investment and re-imburse us at the IPO price as soon as they can and keep the project for themselves, its a good earner for one small group of people.

We certainly need answers. I was thinking they must hv raised like 1200BTC?

Hey Guys,

Did anyone had a background check of this company? I just had this idea what this company could be about...

They sell Miners in Belgium and when they have some stock too much they sell it to their own project (Scrypt here we are...) thats why buying A2 for an expansive price?

So my question does anyone know more about this company and their network/partnerships?

I think we should have some research digging deeper and if we find something we contact Havelock and ask them to proceed with a lawyer. I mean Havelock has also some responsibility?

Just my few ideas... I didnt invest much so I dont care about loosing so much , but I think in this project is so much potential when doing right.