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Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 2. (Read 63943 times)

member
Activity: 91
Merit: 10
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.

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 know what is.

Pay me my 100k back you arse holes.
full member
Activity: 215
Merit: 100
Havelock can you make cryptx use reinvestment funds now and start paying divs now, it doesnt make sense to wait

plus its about to sell out....

I doubt Havelock has had any leverage over cryptx ever since IPO funds were disbursed.
member
Activity: 92
Merit: 10
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.
sr. member
Activity: 241
Merit: 250
Paasing by to see how this was going... happy to have left with an 86% loss rather than being still here now (sorry for you guys).
As some mentioned, big money for Cryptx. I'm sure they will need all this money for the long list of things that Karma will do back to them. Life's a bitch, but has a perfect view on who to focus on.

Best luck and happy holidays to the rest!
legendary
Activity: 2128
Merit: 1119
BTC companies are bull shit scammers. End of. Had enough.

And now these guys think they can steal 134BTC by saying we can sell our shares at rock bottom - the shares could have been sold at anytime at a loss - they are not using 134BTC.

They have paid us 10% for taking 900BTC - pretty much the story if u ask me. FUCKING scam stealing ppl. Thats for sure.

Bull shit all you want crypt x but the facts are the facts. We can sell at rock bottom prices anytime. You are not using the 134BTC re-invest at all - you are just keeping it. YOU FUCKING RETARDS took 900BTC from investors in 6 months.

Welcome to Bitcoin unregulated securities...same story over and over and over again.
member
Activity: 91
Merit: 10
BTC companies are bull shit scammers. End of. Had enough.

And now these guys think they can steal 134BTC by saying we can sell our shares at rock bottom - the shares could have been sold at anytime at a loss - they are not using 134BTC.

They have paid us 10% for taking 900BTC - pretty much the story if u ask me. FUCKING scam stealing ppl. Thats for sure.

Bull shit all you want crypt x but the facts are the facts. We can sell at rock bottom prices anytime. You are not using the 134BTC re-invest at all - you are just keeping it. YOU FUCKING RETARDS took 900BTC from investors in 6 months.
member
Activity: 91
Merit: 10
we are doing nothing more then global warming.

cryptx isn'nt doing there job what im paying for and there custom build scrypt boards were a lie.
give us the reinfest fund, even putting the money on the bank gives me a better profit with these low interests.

lets call it a day, the only one making profit is cryptx in hosting fees.mand thats the easyiest thing they had/have to do. they failed missarably in beeing up2date with the technology.

That's why I voted for giving the shareholders the reinvestment fund. But apparently (as we have no way to check), the majority of shareholders voted to "wait" for the return of the messiah.



Maybe a new vote would yield different results.

While the BTC are sitting in limbo, at least they're not wasted in soon-to-be-useless gear !

No need to be a hurry for getting those reinvestment fund back. At least before our current miners makes no profit at all.
We can vote that later. Smiley


Absolutley.

The claims they make are ridiculous and clever TECH BULL SHIT.
member
Activity: 91
Merit: 10
These mother fuckers BLAG and BULL SHIT.

The 134 re-investment fund is not being paid out. They are paying our shares if we want sell - with our own money.

Can anybody explain this BULL SHIT.
hero member
Activity: 574
Merit: 500
Havelock can you make cryptx use reinvestment funds now and start paying divs now, it doesnt make sense to wait

plus its about to sell out....
member
Activity: 92
Merit: 10
Quote
Dear Unit Holders,

First,

Update about this week's dividend payout:
We will pay 100% dividend this week because of the results of the vote (see below).

Calculation:
4.8435852348 BTC in total from converted altcoins
- 0.46637754 BTC as dividend (0.00001584 BTC/share)
- 4.37720769 BTC as hosting fee

Second,

Results of the vote:
57% of all weighted units have cast their vote:

- Payout a one time dividend from hardware sale and reinvestment funds: 44%
- Convert each Scrypt unit to 6 AMHash3 units: 46%
- Keep mining with the Scrypt mine: 10%

These results indicate that a vast majority of unit holders wants to either receive a one time dividend or convert their Scrypt units to AMhash3 units.

Therefore we will meet both options with the following scenario:

- We place a bid for Scrypt units of 0.00684 BTC during 1 week, ending on Friday 26th of December at 11:00 GMT. Unit holders have the opportunity to sell their units at this price until then.
- After this deadline, trading will be halted and all remaining Scrypt units will be converted to AMHash3 units. Converted units will automatically appear in your Havelock account. After the conversion, Scrypt will be delisted from Havelock.

Thank you,

Team CryptX

Nice, I'm glad there are two options here at the end.
sr. member
Activity: 281
Merit: 250
wonder where the vote stands
O is that how the vote went......

offcourse (s)cryptx boys are know for there full non disclosure votes.
They are the easyiest for them
hero member
Activity: 574
Merit: 500
wonder where the vote stands
O is that how the vote went......
hero member
Activity: 574
Merit: 500
wonder where the vote stands
full member
Activity: 215
Merit: 100
Was there a public offer for the hardware? I wonder who would've found the hardware to be worth 60+ btc in the current mining environment.

Edit: I guess what I'm thinking is, maybe crypto will find it portable to continue operating at their true operating cost
legendary
Activity: 2786
Merit: 1031
Quote
We have received an offer for all our Scrypt hardware for the amount of 66.82402 BTC.

We like to issue a vote between our current 3 options:

1. We sell all the hardware for 66.82402 BTC and we issue a one time dividend. This one time dividend will consist of the reinvestment funds and the hardware sale. The total payout will be 201.35592221 BTC (134.53190221 + 66.82402) or 0.00684 BTC per share. After the dividend payout, Scrypt-X will be delisted from Havelock.

2. We sell all the hardware and we convert each Scrypt unit to 6 AMHash3 units. After the unit conversion, Scrypt-X will be delisted from Havelock.

3. We continue Scrypt-X with the current situation. This means, we keep mining with the Scrypt mine of 4 Gh/s and we continue to look out for interesting reinvestment opportunities.


So, I guess this is the end of this fund, let's wait for the results of the poll, but I think many people just wants an exit.

Mining is pretty much dead unless you have direct access to hardware production...
legendary
Activity: 1092
Merit: 1001
Touchdown
Update! Smiley

Quote
We have received an offer for all our Scrypt hardware for the amount of 66.82402 BTC.

We like to issue a vote between our current 3 options:

1. We sell all the hardware for 66.82402 BTC and we issue a one time dividend. This one time dividend will consist of the reinvestment funds and the hardware sale. The total payout will be 201.35592221 BTC (134.53190221 + 66.82402) or 0.00684 BTC per share. After the dividend payout, Scrypt-X will be delisted from Havelock.

2. We sell all the hardware and we convert each Scrypt unit to 6 AMHash3 units. After the unit conversion, Scrypt-X will be delisted from Havelock.

3. We continue Scrypt-X with the current situation. This means, we keep mining with the Scrypt mine of 4 Gh/s and we continue to look out for interesting reinvestment opportunities.

Unit holders have until Thursday 18 December 2014 to place their votes (link in the email from Havelock).
hero member
Activity: 574
Merit: 500
Has anyone actually PM'd/emailed cryptx?  Didn't he respond last time?
Was trying to get a discussion on options before anything was forwarded, otherwise they will just give 3 shitty options to chose from.

1.  One time div, then no more reinvestment
2.  Buy more scrypt miners, what are the mining options right now for scrypt
3.  Buy more asic miners
4.  Keep doing nothing
legendary
Activity: 1092
Merit: 1001
Touchdown
Has anyone actually PM'd/emailed cryptx?  Didn't he respond last time?
hero member
Activity: 574
Merit: 500
mic check, can we make cryptx do something with the reinvestment fund(havelock I know you log on here everyonce in a while)
since they dont post or log onto to this forum to get any kind of discussion of possibilities

legendary
Activity: 2786
Merit: 1031
Well Bert aka CryptX is gone.
Not reading anything here.

user stats:

cryptx
Posts:   485
Activity:   350
Position:   Sr. Member
Date Registered:   August 03, 2013, 09:29:56 AM
Last Active:   September 26, 2014, 02:52:20 PM

Ill gues ill start a fund for a bounty hunter that can bring us his finger, toe or head on a silver plate.

now silk road 2 is gone i have a couple of friends from there that have less "jobs" and spare time.
Fun for cheap prices. It's bound to be a better investment than this.


Try asking havelock the asset is still listed over there anyways might give you the contact info.
I'm sure they have the information unless their identification and screening process is broke
Recall something along the lines of we evaluate all asset orders and screen them before putting up the listings here etc.


CONTACT US

CryptX bvba
Witte Paterstraat 4
B-1040 Etterbeek, Belgium

[email protected]


At: http://www.petamine.co/
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