[HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 25.

Korbman

legendary

Activity: 1064

Merit: 1001

Quote from: Elvis Trout on June 07, 2014, 05:13:34 AM

We should wait until the bitcoin price peaks anyway, then we'll be able to buy a lot of hardware!

Another newbie brought this up in the PETA thread...

Define "Bitcoin price peak"? Are we at the peak now or trending down again? If you know where the peak is, quit mining and investing...you'll be making cash hand over fist trading currency.

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: spartan82 on June 07, 2014, 03:04:49 AM

Quote from: realtime on June 07, 2014, 12:44:51 AM

This was the update

Quote from: cryptx

Update about this weeks dividend payout:

Calculation:
1,875 LTC or 32.3 BTC in total from mining
- 12.01203053 BTC as dividend (0.00040805 BTC/share)
- 18.01804580 BTC reinvestment
- 2.26992366 BTC as hosting fee

LTC/BTC ratio is still under pressure as BTC is gaining in value. The good news is that our reinvestment funds also grow in USD value, which should have a positive effect on our purchasing power for new hardware.

Sorry ill rephrase that, any news/update on when and where this purchasing power will go to?

We should wait until the bitcoin price peaks anyway, then we'll be able to buy a lot of hardware!

spartan82

hero member

Activity: 658

Merit: 500

Quote from: realtime on June 07, 2014, 12:44:51 AM

This was the update

Quote from: cryptx

Update about this weeks dividend payout:

Calculation:
1,875 LTC or 32.3 BTC in total from mining
- 12.01203053 BTC as dividend (0.00040805 BTC/share)
- 18.01804580 BTC reinvestment
- 2.26992366 BTC as hosting fee

LTC/BTC ratio is still under pressure as BTC is gaining in value. The good news is that our reinvestment funds also grow in USD value, which should have a positive effect on our purchasing power for new hardware.

Sorry ill rephrase that, any news/update on when and where this purchasing power will go to?

realtime

member

Activity: 67

Merit: 10

This was the update

Quote from: cryptx

Update about this weeks dividend payout:

Calculation:
1,875 LTC or 32.3 BTC in total from mining
- 12.01203053 BTC as dividend (0.00040805 BTC/share)
- 18.01804580 BTC reinvestment
- 2.26992366 BTC as hosting fee

LTC/BTC ratio is still under pressure as BTC is gaining in value. The good news is that our reinvestment funds also grow in USD value, which should have a positive effect on our purchasing power for new hardware.

spartan82

hero member

Activity: 658

Merit: 500

No update this week? How bout we pump up our operation with some more rigs from reinvestment.. Surely we can add another at the very least another 500mh already? Bitcoin prices seem pretty good right now

burner2014

hero member

Activity: 952

Merit: 515

Quote from: NotLambchop on June 06, 2014, 10:19:07 PM

^Don't think of this as having lost 30% of your money, think of it as still having 70% of your money to lose!
Fun fact: You can keep losing money at your current rate (30% every three weeks), and in a thousand years still have money left!

Guys are you kidding me? I dont know what the yield is at the moment but it was at 90-100% ... what do you expect? 20000%?

Same with the reinvestment why to hurry when the scrypt prof. is loosing a lot the last weeks. The market is changing so fast so better wait and see what the announcement brings. E.g. the upgrade of KNC Miners last week.

NotLambchop

sr. member

Activity: 378

Merit: 254

^Don't think of this as having lost 30% of your money, think of it as still having 70% of your money to lose!
Fun fact: You can keep losing money at your current rate (30% every three weeks), and in a thousand years still have money left!

mvidetto

sr. member

Activity: 462

Merit: 250

Is there any sort of plan from Cryptx for reinvestment seeing as we have almost 100 BTC? Also, is there any plan to buffer the share price? It's already down 30% from IPO.

cesmak

legendary

Activity: 1057

Merit: 1009

Quote from: EdoBcn on June 06, 2014, 04:27:48 PM

no dividends today?

They have just released divs and news for peta, probably a little more time...

Edit 23:34 CET, dividend announced on havelock site 0,00040805 BTC per share.

EdoBcn

sr. member

Activity: 241

Merit: 250

no dividends today?

EdoBcn

sr. member

Activity: 241

Merit: 250

Quote from: IamNotSure on June 02, 2014, 06:10:47 AM

Indeed, but with the LTC/BTC price drop, you might just want to get out of the project without a loss. But if you get out of the project, you'll yield your reinvestment share, obviously

Best timing is to get out (if you want to do so) when the reinvest hardware will come online.

Good hint. Thanks!
(if anyone wants to buy big at less than 0.034, please message me)

IamNotSure

hero member

Activity: 672

Merit: 500

Quote from: EdoBcn on June 02, 2014, 06:00:25 AM

Thanks. Nice thought. But if I wanted just to break even, I would have left funds in cold wallet

Indeed, but with the LTC/BTC price drop, you might just want to get out of the project without a loss. But if you get out of the project, you'll yield your reinvestment share, obviously

Best timing is to get out (if you want to do so) when the reinvest hardware will come online.

EdoBcn

sr. member

Activity: 241

Merit: 250

Quote from: IamNotSure on June 02, 2014, 05:38:41 AM

Quote from: EdoBcn on June 02, 2014, 04:50:43 AM

Quote from: karol on June 02, 2014, 03:48:50 AM

Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well.

oh it's you!

Well, I'm still in at IPO price... so will have to stay longer to see some good window opening for sell time Sad

Don't forget that 0.0042 BTC / share has already been mined (60% of it sits in the reinvest fund) I you bought @ 0.038, your break even point is a bit under 0.034

Thanks. Nice thought. But if I wanted just to break even, I would have left funds in cold wallet

IamNotSure

hero member

Activity: 672

Merit: 500

Quote from: EdoBcn on June 02, 2014, 04:50:43 AM

Quote from: karol on June 02, 2014, 03:48:50 AM

Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well.

oh it's you!

Well, I'm still in at IPO price... so will have to stay longer to see some good window opening for sell time Sad

Don't forget that 0.0042 BTC / share has already been mined (60% of it sits in the reinvest fund) I you bought @ 0.038, your break even point is a bit under 0.034

karol

full member

Activity: 150

Merit: 100

Quote from: EdoBcn on June 02, 2014, 04:50:43 AM

Quote from: karol on June 02, 2014, 03:48:50 AM

Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well.

oh it's you!

Well, I'm still in at IPO price... so will have to stay longer to see some good window opening for sell time Sad

No unfourtanelty it wasn't me. I am too at IPO prices with around 90%, 10% is below but will buy new shares to increase this below IPO% becouse I belive that soon it will be more than 0.038.

EdoBcn

sr. member

Activity: 241

Merit: 250

Quote from: karol on June 02, 2014, 03:48:50 AM

Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well.

oh it's you!

Well, I'm still in at IPO price... so will have to stay longer to see some good window opening for sell time Sad

karol

full member

Activity: 150

Merit: 100

Quote from: EdoBcn on June 02, 2014, 03:43:41 AM

Quote from: Elvis Trout on June 01, 2014, 05:41:06 AM

Someone just bought up everything under 0.03!

And they keep doing it.
Wonder if it's time to increase my shares as well

At least this project didn't go through all the issues of peta

Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well.

EdoBcn

sr. member

Activity: 241

Merit: 250

Quote from: Elvis Trout on June 01, 2014, 05:41:06 AM

Someone just bought up everything under 0.03!

And they keep doing it.
Wonder if it's time to increase my shares as well

At least this project didn't go through all the issues of peta

Elvis Trout

member

Activity: 116

Merit: 10

Someone just bought up everything under 0.03!

chkgk

member

Activity: 63

Merit: 10

I am expecting some peta-shareholders selling at above what they bought (old, not newly offered shares) and moving into scryptx at these low prices with high dividend yield (at least until dividends are being paid for peta-shares again).

Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 25. (Read 64067 times)