a bright way of seeing the 45% share price drop. Don't got any spare coins to buy in on these low prices 
Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 26. (Read 64118 times)
Current yield +100% a bright way of seeing the 45% share price drop. Don't got any spare coins to buy in on these low prices
a bright way of seeing the 45% share price drop. Don't got any spare coins to buy in on these low prices 
I am not quite sure I understand why the share price is dropping like this.
The operation is barely 4 weeks old, dividends coming in regularly and at a level which is as expected for the exchange rate between ltc/bt.c dividend yield was more than generous with ~70% at ipo share price given the project is run by the same people that run peta-mine. They are not nobodies, the risk of them running away is far lower than some of the other projects around here. They have a track record of being able to actually run something like this. Still shareholders are backing away and are selling (presumably) at a loss after only three weeks of dividends.
What am I missing?
The operation is barely 4 weeks old, dividends coming in regularly and at a level which is as expected for the exchange rate between ltc/bt.c dividend yield was more than generous with ~70% at ipo share price given the project is run by the same people that run peta-mine. They are not nobodies, the risk of them running away is far lower than some of the other projects around here. They have a track record of being able to actually run something like this. Still shareholders are backing away and are selling (presumably) at a loss after only three weeks of dividends.
What am I missing?
Or maybe it's just these same people who first sold their PETA shares for ridiculously low price to buying SCRYPT and now their risk tolerance has come to it's end and they are selling again in panic? Just guessing...
But also have to say that the communication level of CryptX has recently been unforgiving poor on there, that could be part of the reason?
Many people dont trust Cryptx anymore.
Roadmap must be more clear about futur hardware reinvestment.
Also, price per unit for 100 KH/s is pretty high with the reinvestment + hosting fee.
And Scrypt hardware are flooding the market...
Right now i have 5 MH/s ( ~ 2 BTC ) but it's like i have 2.5 MH/s in dividends...maybee it's worth it...or not...
If share increase in hashrate in the futur, ok but if not (or just a little increase...) well...Gridseed blade are at 699 $ for 5.2 MH/s...with 5.2 MH/s hashing for you, not 2.5, 2.1 or 2.8...
Maybee it's time to think twice about my SCRYPTX investment...
Many people dont trust Cryptx anymore.
I am not quite sure I understand why the share price is dropping like this.
The operation is barely 4 weeks old, dividends coming in regularly and at a level which is as expected for the exchange rate between ltc/bt.c dividend yield was more than generous with ~70% at ipo share price given the project is run by the same people that run peta-mine. They are not nobodies, the risk of them running away is far lower than some of the other projects around here. They have a track record of being able to actually run something like this. Still shareholders are backing away and are selling (presumably) at a loss after only three weeks of dividends.
What am I missing?
The operation is barely 4 weeks old, dividends coming in regularly and at a level which is as expected for the exchange rate between ltc/bt.c dividend yield was more than generous with ~70% at ipo share price given the project is run by the same people that run peta-mine. They are not nobodies, the risk of them running away is far lower than some of the other projects around here. They have a track record of being able to actually run something like this. Still shareholders are backing away and are selling (presumably) at a loss after only three weeks of dividends.
What am I missing?
Quote
Update about this weeks dividend payout:
Reinvestment funds now top 74BTC, 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.
Reinvestment funds now top 74BTC, 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.
well no shit, but what exactly does that mean? that no hardware will be purchased until then? when is then?
Why not invest in some x11 targeted machines to take advantage of darkcoin?
0.00053955 in dividend.
Down quite a bit
Down quite a bit
Considering the BTC/LTC ratio dropping significantly, this is not that bad for a dividend.
Quote
Update about this weeks dividend payout:
Calculation:
2,271 LTC or 42.18611839 BTC in total from mining
- 15.88324736 BTC as dividend (0.00053955 BTC/share)
- 23.82487103 BTC reinvestment
- 2.47800000 BTC as hosting fee
Reinvestment funds now top 74BTC, 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.
Calculation:
2,271 LTC or 42.18611839 BTC in total from mining
- 15.88324736 BTC as dividend (0.00053955 BTC/share)
- 23.82487103 BTC reinvestment
- 2.47800000 BTC as hosting fee
Reinvestment funds now top 74BTC, 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.
0.00053955 in dividend.
Down quite a bit
Down quite a bit
Can we please get a cool stats page already?? I mean you should already have the code set up from the peta mine. 
Well seeing as the price is plummeting doesn't seem like I'll be able to get rid of my shares any time soon, so I'm in for the long haul 
Hopefully LTC is just lagging behind bitcoin a bit but will pick up once people stop selling LTC to get on the BTC bubble train.
Hopefully LTC is just lagging behind bitcoin a bit but will pick up once people stop selling LTC to get on the BTC bubble train.
Looking at the LTC/BTC chart on bitcoinwisdom, I am not sure if/when the ratio will rebound. It looks like it might have some more to fall before it rises again.
it would help if SCRYPTX used something like pool.trademybit.com
Well seeing as the price is plummeting doesn't seem like I'll be able to get rid of my shares any time soon, so I'm in for the long haul
Hopefully LTC is just lagging behind bitcoin a bit but will pick up once people stop selling LTC to get on the BTC bubble train.
Hopefully LTC is just lagging behind bitcoin a bit but will pick up once people stop selling LTC to get on the BTC bubble train.
Do you guys even know the specifics of what you have invested in?
The only reasons dividends increased last week was because the remaining units where delivered, and they barely increased at that. There are no more units to be delivered until reinvestment. And if you think reinvestments going to keep up with difficulty then just give up now. Expect a massive slowing down in dividends from this week onwards if reinvestment isn't adjusted.
This is false.
Truth is :
Last weeks div was not from a fully deployed farm since the deployment was finished tuesday.
Litecoin difficulty sometimes increases, sometimes decreases. Over the long term, sure, it increases, but it's nothing compared to BTC
Bad return from the BTC/LTC conversion rate is a risk, and at the moment this risk is hurting the dividend. But this can go other way around.
Reinvestment fund is ~5% of market cap. If reinvested wisely, the farm can cope enough with diff increase to break even and profit.
Well, CRYPTX BTC price is dropping, but its dollar price is doing OK.
As long as BTC/$ exchange rate keeps growing, you'll be able to break even in $$$.
In BTC? Not so much.
Anyhow, investing is not all about profit. Small scrypt miners would like to thank all of you for keeping the Litecoin network secure
Braking even in $ is a delusion. Brake even in BTC should be the goal.
But the BTC/$ rise will help with electricity cost & hosting cost (or whatever they call it)
I'm sorry, all you did was elaborate on my point. How is it wrong?
And you honestly think LTC difficulty is going to rise less than five percent a week? Good luck with that.
With the growth of the multipools, its highly likely that we will see a 15% increase one week, and then a 5% drop the next. Because of the amount of hashing power being pointed at the multipools you can't make any easy predictions as to the growth of ltc's difficulty.
https://bitcoinwisdom.com/litecoin/difficulty is now calling for a .05% drop in difficulty.
Whats going to hurt our dividends here is the BTC/LTC ratio more than the difficulty.
Do you guys even know the specifics of what you have invested in?
The only reasons dividends increased last week was because the remaining units where delivered, and they barely increased at that. There are no more units to be delivered until reinvestment. And if you think reinvestments going to keep up with difficulty then just give up now. Expect a massive slowing down in dividends from this week onwards if reinvestment isn't adjusted.
This is false.
Truth is :
Last weeks div was not from a fully deployed farm since the deployment was finished tuesday.
Litecoin difficulty sometimes increases, sometimes decreases. Over the long term, sure, it increases, but it's nothing compared to BTC
Bad return from the BTC/LTC conversion rate is a risk, and at the moment this risk is hurting the dividend. But this can go other way around.
Reinvestment fund is ~5% of market cap. If reinvested wisely, the farm can cope enough with diff increase to break even and profit.
Well, CRYPTX BTC price is dropping, but its dollar price is doing OK.
As long as BTC/$ exchange rate keeps growing, you'll be able to break even in $$$.
In BTC? Not so much.
Anyhow, investing is not all about profit. Small scrypt miners would like to thank all of you for keeping the Litecoin network secure
Braking even in $ is a delusion. Brake even in BTC should be the goal.
But the BTC/$ rise will help with electricity cost & hosting cost (or whatever they call it)
I'm sorry, all you did was elaborate on my point. How is it wrong?
And you honestly think LTC difficulty is going to rise less than five percent a week? Good luck with that.
Do you guys even know the specifics of what you have invested in?
The only reasons dividends increased last week was because the remaining units where delivered, and they barely increased at that. There are no more units to be delivered until reinvestment. And if you think reinvestments going to keep up with difficulty then just give up now. Expect a massive slowing down in dividends from this week onwards if reinvestment isn't adjusted.
This is false.
Truth is :
Last weeks div was not from a fully deployed farm since the deployment was finished tuesday.
Litecoin difficulty sometimes increases, sometimes decreases. Over the long term, sure, it increases, but it's nothing compared to BTC
Bad return from the BTC/LTC conversion rate is a risk, and at the moment this risk is hurting the dividend. But this can go other way around.
Reinvestment fund is ~5% of market cap. If reinvested wisely, the farm can cope enough with diff increase to break even and profit.
Well, CRYPTX BTC price is dropping, but its dollar price is doing OK.
As long as BTC/$ exchange rate keeps growing, you'll be able to break even in $$$.
In BTC? Not so much.
Anyhow, investing is not all about profit. Small scrypt miners would like to thank all of you for keeping the Litecoin network secure
Braking even in $ is a delusion. Brake even in BTC should be the goal.
But the BTC/$ rise will help with electricity cost & hosting cost (or whatever they call it)
Why is the price of each share below IPO ... Am I missing something here?
Well, CRYPTX BTC price is dropping, but its dollar price is doing OK.
As long as BTC/$ exchange rate keeps growing, you'll be able to break even in $$$.
In BTC? Not so much.
Anyhow, investing is not all about profit. Small scrypt miners would like to thank all of you for keeping the Litecoin network secure
Why is the price of each share below IPO when it's earning 80% APY right now? That is one of the best investments there are, and if the project will swap over to a new coin should LTC no longer be as profitable, it could sustain that. Am I missing something here?
Diminishing returns.
Well we have yet to see what the reinvestment will be like, but as for the current returns they are actually increasing. Sure the amount in btc is decreasing but the actual value of the dividend is increasing.
This. Plus there are more scrypt coins being released all the time, so even if LTC isn't as profitable anymore, a new coin can be mined.
Do you guys even know the specifics of what you have invested in?
The only reasons dividends increased last week was because the remaining units where delivered, and they barely increased at that. There are no more units to be delivered until reinvestment. And if you think reinvestments going to keep up with difficulty then just give up now. Expect a massive slowing down in dividends from this week onwards if reinvestment isn't adjusted.
Why is the price of each share below IPO when it's earning 80% APY right now? That is one of the best investments there are, and if the project will swap over to a new coin should LTC no longer be as profitable, it could sustain that. Am I missing something here?
Diminishing returns.
Well we have yet to see what the reinvestment will be like, but as for the current returns they are actually increasing. Sure the amount in btc is decreasing but the actual value of the dividend is increasing.
This. Plus there are more scrypt coins being released all the time, so even if LTC isn't as profitable anymore, a new coin can be mined.
Jump to: