Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 31. (Read 64118 times)

Nope. It ends today.

In the prospectus it says that IPO will end 15/05/2014 or when all batches are sold, so that would be today.
Can't or musn't this be prolonged by another week?

Ahhh I thought that was the share cap not the market cap. You might want to add an M before the cap, for shares still in IPO it's a little confusing

Market Cap is calculated total units outstanding X last price

Units Outstanding   28984

Last Price   ฿0.04100000

Market Cap   ฿1188.3440

Also, something seems very wrong with havelock. If you compare the share capital listed to the shares sold there is a big discrepancy.

(10000x0.038) + ( 10000x0.0395) + (8769x0.041) + (215x0.0425) = 1143.6665 BTC
While the share capital on havelock is 1188 BTC

Thanks for the breakdown. That looks very positive in outlook.

Assuming the following...

Week 1

-We have added no more units this week
-The total amount of shares sold will be 30,000

BTC Mined - 45.5
Dividend - 21.63
Dividend Per Share - 0.000721
Yield - 91.4% @ Share Price of 0.041

Week 2

-We have added the remaining 1GH/s
-Difficulty has gone up 10%

BTC Mined - 61.425
Dividend - 29.03
Dividend Per Share - 0.000967
Yield - 122.6% @ Share Price of 0.041

These projections are very conservative because of the following factors

Week 1

- I am not including any BTC mined before Friday the 9th
- I am assuming CryptX hasn't added any new units since Friday the 9th
- I am assuming the only coined mined is LTC
- I am using the higher current difficulty, not the average difficulty over the week

Week 2

- I am assuming difficulty will rise 10% in the following week when it has fallen slightly over the past week
- I have not included any new reinvestment machines when calculating BTC mined
- I am assuming the only coined mined is LTC

My actual projections for these weeks are more optimistic, but I'm not going to share those as publishing conservative estimates is always best. If I can get some alone time at the beach this week ill redo CryptX's original projections as they have far too many static factors and as such are linear in nature. they are also not relevant anymore as they use a number of outdated figures such as shares issued, difficulty, shareprice, hashrate and coin prices. They also do not account for a multipool average rate of return and there is also a pretty serious error that has been highlighted here but not rectified. Ill probably put together a few different scenarios relating to BTC and LTC's performance over the coming months to give a more varied overview

Hope you all have a good week,

Peaceeeeeee

Thanks, will be looking forward to it.

Cheers

We are working on the stats, should be finished early next week.

At the least your investors paying your equipment.

+2

I concur, a bit of info would be appreciated.

Nope, they changed that during the last fork.

And when mining DOGE, there is also variance in block rewards!

Variables, Schmariables...

i thought you just meant variance in hash speed....

Are you trying to lecture me on how mining works??

Please lookup the meaning of the word variance, than you'll see that all the words you need to explain something can be abbreviated to one word "variance".

Cheers

Im not sure you understand how mining works, each block is found after the correct share is sumbitted not x amount of shares
mining is a random process there is no guarantee of finding a block in a finite time.

but yea they should add a neat graph at some point, give them some time the IPO isnt even over

Of finding blocks, would be nice if every block was found after exactly x amount of submitted shares.

With PETA there is page with graphs of speed and a btc wallet where payouts are withdrawn to. I would prefer to have the same transparancy for SCRYPT too.

variance of what?

Should also factor in variance!