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Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 21. (Read 64118 times)

legendary
Activity: 2786
Merit: 1031
here is why i voted no. Why would you pay 8000$ per machine now ($88.88 per Mh/s), when KNC miner is offering a batch 2 of the titan (400+ MH/s) for 7000$ ($17.5 per Mh/s). Thats just retail, although its in the "future", they compensate for shipment delay. Furthermore, if your not familiar with PETA, and don't know the shit thats been happening there i suggest you you all read the past 5-7 pages.

i mean paying double for the mh/s now would make sense but damn 5.07 times does NOT. Furthermore, you will NEVER ROI, follow this link

http://www.vnbitcoin.org/detailcalculationltc.php?name=LiteCoin_Mining_Rig&startdate=2014-06-27&costperunit=60000&wattperhour=8400&gigahazarate=1000000&daytoincrease=3&testlopfirst=2&diffincrement=3&bitcoinperdollar=9.13&electriccostinput=.25&begindifflevel=13132

I used a conservative difficulty increase, but even if you change it to 3-5% increase per difficulty, it doesn't ever ROI. 2% does, in march of 2015, barely.
ordering from KNC miner using the same projects doesn't work out either unless the overall growth is 4% or lower. Thats based on 11 units RETAIL at 7k per total cost of 80,000 (all of our reinvestment money @600$btc). The future of this project doesn't look good, if we do this reinvestment, all we will be doing is letting cryptx take our money. We will effectively stop mining by according to the link above, by march of next year, but our dividend will be shot to hell. Just FYI, this does not look good either way, but at least with KNC miner, they have a proven record and might even increase the hashrate before its done.

I'm not going to bother doing that projection, if this new equipment comes in we're all pretty much screwed. If we wait, we Could make it out alive. PS. i did not take into account the BTC/LTC ratio, i just did 9.13$ per ltc.

We are not paying $8000 per machine...
sr. member
Activity: 462
Merit: 250
Or cryptx could do a buyback after selling all the miners and redistribute the current reinvestment so we atleast get some money back...
hero member
Activity: 504
Merit: 500
Price is already at BTC 0.0175.

Time to drop or buy...  Grin
hero member
Activity: 709
Merit: 500
Gridcoin Foundation
keep calm guys! :-)   A lot of panic selling just happend. Nothing to worry about. The Shareprice will rise as as soon as we see the reinvestment. But i think we should a wait a bit more for that in order to get the better machines with more MH/S.

Another important idea is to change the pool. An autoswitching self converting pool would be actually best.

@Cryptx  please discuss here with your shareholders. You are more or less responsible for them.  I think it should not be that difficult to spend 2-3 minutes to write a small update and answering some questions. I would propbably meet you guys in Brussels in order to help you communicating.....;-)
newbie
Activity: 49
Merit: 0
here is why i voted no. Why would you pay 8000$ per machine now ($88.88 per Mh/s), when KNC miner is offering a batch 2 of the titan (400+ MH/s) for 7000$ ($17.5 per Mh/s). Thats just retail, although its in the "future", they compensate for shipment delay. Furthermore, if your not familiar with PETA, and don't know the shit thats been happening there i suggest you you all read the past 5-7 pages.

i mean paying double for the mh/s now would make sense but damn 5.07 times does NOT. Furthermore, you will NEVER ROI, follow this link

http://www.vnbitcoin.org/detailcalculationltc.php?name=LiteCoin_Mining_Rig&startdate=2014-06-27&costperunit=60000&wattperhour=8400&gigahazarate=1000000&daytoincrease=3&testlopfirst=2&diffincrement=3&bitcoinperdollar=9.13&electriccostinput=.25&begindifflevel=13132

I used a conservative difficulty increase, but even if you change it to 3-5% increase per difficulty, it doesn't ever ROI. 2% does, in march of 2015, barely.
ordering from KNC miner using the same projects doesn't work out either unless the overall growth is 4% or lower. Thats based on 11 units RETAIL at 7k per total cost of 80,000 (all of our reinvestment money @600$btc). The future of this project doesn't look good, if we do this reinvestment, all we will be doing is letting cryptx take our money. We will effectively stop mining by according to the link above, by march of next year, but our dividend will be shot to hell. Just FYI, this does not look good either way, but at least with KNC miner, they have a proven record and might even increase the hashrate before its done.

I'm not going to bother doing that projection, if this new equipment comes in we're all pretty much screwed. If we wait, we Could make it out alive. PS. i did not take into account the BTC/LTC ratio, i just did 9.13$ per ltc.
sr. member
Activity: 241
Merit: 250
I voted for the purchase, in favor.
Let's see how long it takes to deploy.
sr. member
Activity: 462
Merit: 250
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?

Unless btc/ltc ratio goes back up to .03-.04... yes.
legendary
Activity: 2786
Merit: 1031
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?
sr. member
Activity: 462
Merit: 250
The deal looks good, any reason for not taking it?

Even if we take it, we're still not keeping up with difficulty...
legendary
Activity: 2786
Merit: 1031
The deal looks good, any reason for not taking it?
member
Activity: 66
Merit: 10
Quote
Update about this weeks dividend payout:

Calculation:
1,419.5 LTC or 21.60440919 BTC in total from mining
- 7.63376368 BTC as dividend (0.00025932 BTC/share)
- 11.45064551 BTC reinvestment
- 2.52000000 BTC as hosting fee

Total reinvestment fund now reaches 135.85 BTC. We like to issue a vote for a reinvestment opportunity.

Details:
• 12 Scrypt Miners  (A2 Innosilicon Terraminers,  hashrate of ~85-90Mh/s)
• Total hashrate:1,000Mh/s
• Overall hashrate of Scrypt-X will increase by 33 percent
• Deployment possible as soon as next Tuesday
• Total price 60,000$ or 102 BTC

Market price for this miner is about 8000$ per piece + shipping. This means a discount of about 40 percent.

Why dont we buy that package here?:

http://festival.zeusminer.com/?seller=olympus-alliance55-off-thunder10-280mhs-raspberry-pi5coupons-package-10999

thats  280 MH/s  for 11,000$


Looks good but i have no experiance with zeusminer or the olympus thunder.
Anybody else have some info /review of them

Power Consumption(DC)   920W *10

I vote no for this zeusminer....even worse than A2..


sr. member
Activity: 281
Merit: 250
Quote
Update about this weeks dividend payout:

Calculation:
1,419.5 LTC or 21.60440919 BTC in total from mining
- 7.63376368 BTC as dividend (0.00025932 BTC/share)
- 11.45064551 BTC reinvestment
- 2.52000000 BTC as hosting fee

Total reinvestment fund now reaches 135.85 BTC. We like to issue a vote for a reinvestment opportunity.

Details:
• 12 Scrypt Miners  (A2 Innosilicon Terraminers,  hashrate of ~85-90Mh/s)
• Total hashrate:1,000Mh/s
• Overall hashrate of Scrypt-X will increase by 33 percent
• Deployment possible as soon as next Tuesday
• Total price 60,000$ or 102 BTC

Market price for this miner is about 8000$ per piece + shipping. This means a discount of about 40 percent.

Why dont we buy that package here?:

http://festival.zeusminer.com/?seller=olympus-alliance55-off-thunder10-280mhs-raspberry-pi5coupons-package-10999

thats  280 MH/s  for 11,000$


Looks good but i have no experiance with zeusminer or the olympus thunder.
Anybody else have some info /review of them
hero member
Activity: 709
Merit: 500
Gridcoin Foundation
Quote
Update about this weeks dividend payout:

Calculation:
1,419.5 LTC or 21.60440919 BTC in total from mining
- 7.63376368 BTC as dividend (0.00025932 BTC/share)
- 11.45064551 BTC reinvestment
- 2.52000000 BTC as hosting fee

Total reinvestment fund now reaches 135.85 BTC. We like to issue a vote for a reinvestment opportunity.

Details:
• 12 Scrypt Miners  (A2 Innosilicon Terraminers,  hashrate of ~85-90Mh/s)
• Total hashrate:1,000Mh/s
• Overall hashrate of Scrypt-X will increase by 33 percent
• Deployment possible as soon as next Tuesday
• Total price 60,000$ or 102 BTC

Market price for this miner is about 8000$ per piece + shipping. This means a discount of about 40 percent.

Why dont we buy that package here?:

http://festival.zeusminer.com/?seller=olympus-alliance55-off-thunder10-280mhs-raspberry-pi5coupons-package-10999

thats  280 MH/s  for 11,000$
sr. member
Activity: 281
Merit: 250
just got a mail from asic hardware aka cryptx that they have miners on stock.

i guess they have new asic hardware on stock or else they are selling the hardware now mining.

https://www.asic-hardware.com/product/a2-innosilicon-terminator-scrypt-miner-90-mhs/


We will now today with the weekly update.

thats what we thought the last couple of fridays , lol

time will tell. ive seen cryptx pull a rabbit out of his hat before Wink

its always good to put some extra fire on the stove
hero member
Activity: 672
Merit: 500

i guess they have new asic hardware on stock or else they are selling the hardware now mining.


Intresting, we will now today with the weekly update.

I don't get why people have to be informed 24/7 on the operation when everything is going according to the plan.

Last news about reinvest was 4 weeks old

Quote
We plan to further grow the reinvestment funds before making any new purchases. The market has to mature further with more Scrypt ASIC manufacturers before the price of hardware will go down.

I'm still ok with that. I don't excpect cryptX to answer every resquest of investors freaking out because they didn't checked the risks of investing in mining before buying shares.

sr. member
Activity: 281
Merit: 250
just got a mail from asic hardware aka cryptx that they have miners on stock.

i guess they have new asic hardware on stock or else they are selling the hardware now mining.

https://www.asic-hardware.com/product/a2-innosilicon-terminator-scrypt-miner-90-mhs/
sr. member
Activity: 281
Merit: 250
I don't agree with the pessimistic opinion. Sure, LTC/BTC ratio is hurting but all is far from being lost.

Quote
We don't know when, or what is the Futur hardware re-investment ? In 2 month ? in 2 year ? How much ? 100 BTC ? 1 BTC...

Invest fund will be around 135 BTC today and it's easy to know it, don't play silly

where not playing silly. its silly not to tell what the invest plan is when everybody is screaming for it and shares drop, plummed.

the will it be 100 or 1 btc is mainly on how much reinvest hardware is already orderd and comming in. we al know how muchs is on the bank, but what of that is used for hardware.
hero member
Activity: 672
Merit: 500
I don't agree with the pessimistic opinion. Sure, LTC/BTC ratio is hurting but all is far from being lost.

Quote
We don't know when, or what is the Futur hardware re-investment ? In 2 month ? in 2 year ? How much ? 100 BTC ? 1 BTC...

Invest fund will be around 135 BTC today and it's easy to know it, don't play silly
sr. member
Activity: 281
Merit: 250
After all this weeks with no communication from the cryptx guys i must also say that the unclear status of the ipo is now it's death. The heart already stopped and we are almost death if no info is been supplied other than low divs.
hero member
Activity: 504
Merit: 500
Why are we still mining litecoin when there are more profitable Scrypt coins out there ?

Maybe our hashrate is too high and might disrupt other coins but at the moment DOGE is 10% more profitable and I think  it's liquid enough to sustain the increase ScyptX would do to his hashrate.

Daily exchange volume for LTC is double of DOGE one.

I don't know if cprytx is still around but an anwser, or more info in the next update would be nice.

Hopefully i sell all my share...
The dividends here is absolutely pathetic...look around you guys... you have a lot of alternative.
And the communication here is near ZERO.
We don't know when, or what is the Futur hardware re-investment ? In 2 month ? in 2 year ? How much ? 100 BTC ? 1 BTC...
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