Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 3. (Read 64194 times)

Well Bert aka CryptX is gone.
Not reading anything here.

user stats:

cryptx
Posts:   485
Activity:   350
Position:   Sr. Member
Date Registered:   August 03, 2013, 09:29:56 AM
Last Active:   September 26, 2014, 02:52:20 PM

Ill gues ill start a fund for a bounty hunter that can bring us his finger, toe or head on a silver plate.

now silk road 2 is gone i have a couple of friends from there that have less "jobs" and spare time.
Fun for cheap prices. It's bound to be a better investment than this.

I think profit zone with CryptX is in an alternate reality. Good luck with getting the reinvest "fund" back without the help of legal authorities, which I'll call as soon as I have assembled different proofs.

I think it's accurate.

The mining market has been a loser's market for quite a while, we might need to wait some time to get into the profit zone again.

So I have asked Havelock to go to Cryptx and ask to update us on the reinvestment funds...

That was the answer: "At the moment there are no SCRYPT equipment on the market effecient enough to purchase .  They continue to look at all options."

What do you guys think?

So I have asked Havelock to go to Cryptx and ask to update us on the reinvestment funds...

That was the answer: "At the moment there are no SCRYPT equipment on the market effecient enough to purchase .  They continue to look at all options."

What do you guys think?

How would you have managed the project differently?

How would you have managed the project differently?

.....

I'm going to go out on a limb and say this isn't a serious question...

How would you have managed the project differently?

How would you have managed the project differently?

quite funny. But thanks for the Response CryptX! You just dismanaged the whole project in my opinion.

Thank you for your mail and we understand your concern.

We can assure you that we operate the SCRYPT project to the best of our abilities and with the best interest for its unit holders under given market circumstances. When we started the SCRYPT project, hashrate was about 207GH/s and LTC rate was at $12. As of this moment, hashrate is about 1100GH/s (increased x5) and LTC rate is $3.85 (decreased x4). These two factors had and still have a profound impact on the revenue generated from mining.

You can also review the weekly updates / dividend payouts on havelockinvestments.com to have a better view at how the project evolved.

We also consult with unit holders before making any important decision related to this project, each unit holder can review this information and cast their vote (the weight of each vote is calculated according to the number of units they hold).

The funds have been invested according to the prospectus ( https://www.havelockinvestments.com/reportdownload.php?id=92 ) where each SCRYPT unit would initially represent 100 KH/s of hashing power (currently each unit represents 135 KH/s) and a hosting cost of 0,25 $/kWh would be charged to cover electricity, hosting, shipping, maintenance costs. The hosting costs where lowered to 0,1715 $/kWh several weeks ago in our effort to increase the profitability of the project.

We want to emphasise that we are doing whatever we can to maximize profitability but however have no influence over market conditions like network hashrate and value of underlying crypto currencies.

You are always free to contact us in case you have questions or proposals regarding the project.


Team CryptX

So I got my answer. But honestly now I don't care anymore. Are they really adults? Crying because of some people being angry that they dismanaged the whole project? I understand everyone who is angry.

I never saw such a bad management than from CryptX. I wish you bankruptcy with our funds in your bag.

Cheers!