[HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 27.

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: mikemikemike on May 28, 2014, 03:20:23 AM

Quote from: ranlo on May 28, 2014, 02:35:59 AM

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.

mikemikemike

copper member

Activity: 224

Merit: 100

Quote from: ranlo on May 28, 2014, 02:35:59 AM

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.

IamNotSure

hero member

Activity: 672

Merit: 500

Quote from: somestranger on May 28, 2014, 02:23:00 AM

Yikes the LTC/BTC exchange rate is not looking good, and LTC difficulty also shot up 25% this week. I'm anticipating low dividends and a drop in share price.

25% ?

Quote

Difficulty History
Date   Difficulty   Change   Hash Rate
May 27 2014   8,550   14.67%   244,803 MH/s
May 24 2014   7,456   -5.36%   213,478 MH/s
May 20 2014   7,878   1.78%   225,561 MH/s

kenmomotaro

member

Activity: 66

Merit: 10

Quote from: ranlo on May 28, 2014, 02:35:59 AM

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?

I just want to know when and how Cryptx spends our reinvestment fund.
@Cryptx, are you waiting July/August new efficiency machines?

ranlo

legendary

Activity: 1988

Merit: 1007

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?

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Yikes the LTC/BTC exchange rate is not looking good, and LTC difficulty also shot up 25% this week. I'm anticipating low dividends and a drop in share price.

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: Poloherb on May 27, 2014, 08:15:15 AM

If the payment will be in LTC How many people sell right away, and how many people will be holds.
the success of the currency in the price. More people selling then the price falls to the bottom. less people selling price goes up.
cryptx sell very large amounts. Normally people do not sell after mining out.

This way we reduce the price, fill the buyer wytch altcoins

Actually most mining operations sell rather than hold, 1 to pay costs and 2 because most miners are in it for profit so they want to cash out asap.

As I have already mentioned Cryptx responded to questions about the price being affected by selling ltc when this project started, their response was that they were using an exchange that had sufficient volume that our coins could be sold without affecting the price, if you want your payout to be in ltc buy ltc with the bitcoin dividend you receive.

gigacoiner

member

Activity: 92

Merit: 10

I wouldn't mind holding LTC either.

Poloherb

sr. member

Activity: 449

Merit: 251

CryptoPhysical.com

If the payment will be in LTC How many people sell right away, and how many people will be holds.
the success of the currency in the price. More people selling then the price falls to the bottom. less people selling price goes up.
cryptx sell very large amounts. Normally people do not sell after mining out.

This way we reduce the price, fill the buyer wytch altcoins

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: Poloherb on May 26, 2014, 04:36:34 PM

Hallo. I have a small suggestion to do not sell currencies, it kills the price.
Personally would like to receive LTC or DOGE particular Litecoin.
I'm not sure if it will be technically possible. on the older market cryptostocks.com was possible.

They have already said that they spread the sales out so as to not affect the price too much, havelock only has a bitcoin payout system, but you are welcome to transfer your divs into altcoins should you wish.

Poloherb

sr. member

Activity: 449

Merit: 251

CryptoPhysical.com

Hallo. I have a small suggestion to do not sell currencies, it kills the price.
Personally would like to receive LTC or DOGE particular Litecoin.
I'm not sure if it will be technically possible. on the older market cryptostocks.com was possible.

chkgk

member

Activity: 63

Merit: 10

I believe cryptx were quite busy this weekend deploying a peta-hash of new hardware for the peta-mine project. Just relax, cut those guys some slack and be patient. I am quite sure they will make it worthwhile for true investors (meaning long-term shareholders).

burner2014

hero member

Activity: 952

Merit: 515

Quote from: Elvis Trout on May 26, 2014, 10:27:55 AM

Quote from: Collider on May 26, 2014, 04:02:18 AM

How do you know they aren´t using multipool?

Multipool isn´t this magic *200% increase of dividens machine, you know that, right?

We know what pool they are using, and sure a multi pool isn't magically 200% but it is probably worth a few %, worth trying anyway.

I mean we are shareholders and we want to discuss the project and get more information about the long-term strategy. So please give us details to your strategy Cryptx!

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: Collider on May 26, 2014, 04:02:18 AM

How do you know they aren´t using multipool?

Multipool isn´t this magic *200% increase of dividens machine, you know that, right?

We know what pool they are using, and sure a multi pool isn't magically 200% but it is probably worth a few %, worth trying anyway.

Collider

hero member

Activity: 714

Merit: 500

How do you know they aren´t using multipool?

Multipool isn´t this magic *200% increase of dividens machine, you know that, right?

Elvis Trout

member

Activity: 116

Merit: 10

Hey I've basically had enough of this, anyone looking to buy over 1000 shares pm me an offer.

mikemikemike

copper member

Activity: 224

Merit: 100

Quote from: webbrowser on May 20, 2014, 11:06:59 AM

cryptx just confirmed that the IPO hash rate is fully deployed. Good job!

Would still be nice to get the hashrate stats on a webpage.

And I guess Sean's Outpost wins.

Lost the bet by a day. Doubled the donation because its been a good week.

b9a4ab7869001697b7b84b583844ac365880e1e877bbb20e1b8bb5050fb880ac

Draino

full member

Activity: 168

Merit: 100

Quote from: alexius89 on May 25, 2014, 12:07:43 AM

waiting for some explaining regarding a long term strategy..why not using a good multipool for mining?

shareholders awaiting an answer :-)

probably because multipools rarely make more than mining litecoin directly anymore

http://poolpicker.eu/

he'd be switching multipools endlessly in order to make more than LTC and i'm sure it wouldn't be worth the time

time for a meta-multipool

alexius89

hero member

Activity: 709

Merit: 500

Gridcoin Foundation

waiting for some explaining regarding a long term strategy..why not using a good multipool for mining?

shareholders awaiting an answer :-)

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: burner2014 on May 24, 2014, 01:11:09 PM

Quote from: Elvis Trout on May 24, 2014, 02:29:45 AM

Yea why not manicminer?

Yes can you tell a bit more about the longterm strategy. At the moment I feel I gave money to a project to buy miners. But the strategy behind the mining is not clear for me.

+1 for this

Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 27. (Read 64118 times)