Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 20. (Read 64067 times)
I have to say that compare with Chinese miner supplier who also provides miner host service, the hosting cost of Cryptx still has space to reduce. Now all the miners are facing with low profit situation. How to control cost is getting serious.
there was no mention of a buy out. Either this or let's wait for another buying opportunity.
This was the deal.
At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???
3 reasons as to how in my opinion:This was the deal.
At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???
1.) Ridiculously high hosting/admin fee's
2.) The fact that cryptx doesn't have ability to make their own chips and boards
3.) Ridiculously inadequate communication with shareholders
Thats BS, sorry too many say BS. I am not correct all the time. BUT, cryptx are best having a proper deal with the chip maker, getting the fastest chips and boards cheap. They can then make their won custom machines and add new chips as needed. That means each company specialises at what their good at, rather than biting more than they can chew.
I just dont understand how many many people sell at such a loss. I am waiting for the project to develop so I can get a good retrurn or my money back at least.
Bee atch.
"Fingers crossed that in the meantime Cryptx hires someone to hold better communications"
They can communicate with excellence at ipo time. Not so much after. Math doesn't add up, how do you communicate that?
They can communicate with excellence at ipo time. Not so much after. Math doesn't add up, how do you communicate that?
You are 100% right.
Still, few ideas:
1. "we've purchased 50% of all shares and we are on the same boat with you guys".
2. "no, we are not trading those shares. But we pay our own salaries with the dividends generated by this project(s)"
3. "numbers are right but your math is missing our secret plan that is...."
4. "here, see pictures of our boards being manufactured"
5. "here is how we invested further in ADVERTISING to push for more adoption of our project (Reddit, banners, fairs&tradeshows, booth at next meeting, holding local meetups)
6. "etc. etc., whatever else"
And I came up with the above bullshit in 30 seconds (and they had plenty of time to thing about it).
I have a sneaking suspicion that if 5-6 weeks from now your still holding any of your cryptx-scrypt shares you'll actually be ecstatic that you where broke and couldn't purchase any more shares up to IPO price at the time you wrote this.
Well, I'm ecstatic that I couldn't buy PETA second IPO
But 5-6 weeks time means 5(6)x dividend weeks at something more than 1% each time. And with BTC on the rise, fees are getting "cheaper" meaning more reinvestment, meaning more hashing power.
I may repeat myself, on the long run, these projects have been demonstrated by numbers to be unprofitable. But I'm putting an emphasis on the "long". Not 5-6 weeks, I expect something like 5-6 months instead.
Fingers crossed that in the meantime Cryptx hires someone to hold better communications
"Fingers crossed that in the meantime Cryptx hires someone to hold better communications"
They can communicate with excellence at ipo time. Not so much after. Math doesn't add up, how do you communicate that?
They can communicate with excellence at ipo time. Not so much after. Math doesn't add up, how do you communicate that?
I have a sneaking suspicion that if 5-6 weeks from now your still holding any of your cryptx-scrypt shares you'll actually be ecstatic that you where broke and couldn't purchase any more shares up to IPO price at the time you wrote this.
Well, I'm ecstatic that I couldn't buy PETA second IPO
But 5-6 weeks time means 5(6)x dividend weeks at something more than 1% each time. And with BTC on the rise, fees are getting "cheaper" meaning more reinvestment, meaning more hashing power.
I may repeat myself, on the long run, these projects have been demonstrated by numbers to be unprofitable. But I'm putting an emphasis on the "long". Not 5-6 weeks, I expect something like 5-6 months instead.
Fingers crossed that in the meantime Cryptx hires someone to hold better communications
60000/12 = 5000$ per unit.
33% hashing power increase means 33% dividend increase.
The current price is really happening on such a small volume that is not relevant. If I had more btc would have purchased all available up to ipo price.
This project is still good to go.
I have a sneaking suspicion that if 5-6 weeks from now your still holding any of your cryptx-scrypt shares you'll actually be ecstatic that you where broke and couldn't purchase any more shares up to IPO price at the time you wrote this. 33% hashing power increase means 33% dividend increase.
The current price is really happening on such a small volume that is not relevant. If I had more btc would have purchased all available up to ipo price.
This project is still good to go.
60000/12 = 5000$ per unit.
33% hashing power increase means 33% dividend increase.
The current price is really happening on such a small volume that is not relevant. If I had more btc would have purchased all available up to ipo price.
This project is still good to go.
33% hashing power increase means 33% dividend increase.
The current price is really happening on such a small volume that is not relevant. If I had more btc would have purchased all available up to ipo price.
This project is still good to go.
Well, if LTC/BTC rate increase the increase in dividends will be even bigger, and I think that's the biggest factor here.
...
33% hashing power increase means 33% dividend increase.
...
33% hashing power increase means 33% dividend increase.
...
Nah. It doesn't.
60000/12 = 5000$ per unit.
33% hashing power increase means 33% dividend increase.
The current price is really happening on such a small volume that is not relevant. If I had more btc would have purchased all available up to ipo price.
This project is still good to go.
33% hashing power increase means 33% dividend increase.
The current price is really happening on such a small volume that is not relevant. If I had more btc would have purchased all available up to ipo price.
This project is still good to go.
I don't imply it's a good or bad investment, everyone should do their own due diligence, but from my experience with investing in btc securities (and cryptx is no exception by far) everyone has a lot activiti and a explenation for everything when they are asking for money. At that stage things are teoretical, but after they receice that money and things get real, then comes the silence. Explenations disapears if something may not go as planned and we are lucky if we get a short comment once a week. This is the most frustrating thing with btc securities for me.
Of course you may turn a profit, of course you may turn a loss, everyone expects that, but the way that theese CEO's change their atitudine after the IPO money have been raised is what really boder me, and I'm sure I'm not speaking only for myself.
Of course you may turn a profit, of course you may turn a loss, everyone expects that, but the way that theese CEO's change their atitudine after the IPO money have been raised is what really boder me, and I'm sure I'm not speaking only for myself.
Though, I generally agree with what you're saying here, I don't think it's true with respect to Cryptx.
i've been an investor with PETA and i've been really happy with the weekly updates and the respect for post-IPO accountability. Cryptx has done more for PETA shareholders than promised during the recent Havelock IPO.
I hope you realize the truth about what I said before the IPO.
P.S I've been acused that I'm troling to lower the price to buy "cheap" shares. What was the point of speaking before the IPO then, to lower the IPO?
would be nice to have some transparency here.
But hey, we are talking to a wall. For what we know, Cryptx doesn't even read us anymore...
But hey, we are talking to a wall. For what we know, Cryptx doesn't even read us anymore...
voted "no".
can people who are registered at surveymonkey see the results so far?
can people who are registered at surveymonkey see the results so far?
Voted no and hope others do too. Let's save until brand new hardware is out that has massive hashing increases. Maybe let's even only get 10% divs or something to save more.
We do need to mine other coins though and convert to btc! Not just LTC!
We do need to mine other coins though and convert to btc! Not just LTC!
there was no mention of a buy out. Either this or let's wait for another buying opportunity.
This was the deal.
At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???
3 reasons as to how in my opinion:This was the deal.
At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???
1.) Ridiculously high hosting/admin fee's
2.) The fact that cryptx doesn't have ability to make their own chips and boards
3.) Ridiculously inadequate communication with shareholders
there was no mention of a buy out. Either this or let's wait for another buying opportunity.
This was the deal.
At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???
This was the deal.
At current prices, 30btc gives you ~10% of this project.
Good time to buy cheap, but it will be impossible to sell shares if the value doesn't go back up.
40% loss? when? how?
why???
This is why we should not reinvest, sell our current miners for $7500 ea of which we have 35. This yields $262500 + reinvestment funds would give a buyout of .02. For people who got in early it would be about a ~40% loss, but it's much better than losing any more of what we already have.
I think we should liquidate too.
This is why we should not reinvest, sell our current miners for $7500 ea of which we have 35. This yields $262500 + reinvestment funds would give a buyout of .02. For people who got in early it would be about a ~40% loss, but it's much better than losing any more of what we already have.
I'm currently losing 2/3 of what I invested.
If the trend keep going like this, I'll need to move to Belgium and live in Cryptx premises.
All for their poor communication and wrong management. Shit.
If the trend keep going like this, I'll need to move to Belgium and live in Cryptx premises.
All for their poor communication and wrong management. Shit.
The deal looks good, any reason for not taking it?
Even if we take it, we're still not keeping up with difficulty...
So, there's no more profit in mining anymore?
*Yes, looking for my exit position on both asset's.
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