Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 38. (Read 64067 times)

I have never regretted for one moment buying into PETA-MINE, and that was 3 exchanges and 6+ months ago -- cryptx has maintained clear communications throughout, dividends have been very strong and share price is still above IPO. I'll be there for SCRYPT-X tomorrow morning!

Start of IPO May 7th 11:00 EST

I'm not seeing the exact IPO start time on May 7. When is that?

Still no explanation for how you got 7600btc divs when they add up to about half that.

Also I find it extremely unlikely that difficulty only doubles when the price of hardware is 1/5th the original price.

+1

Thanks cryptx, I realize what I'm suggesting is highly subjective and could be totally irrelevant if either of the leaders fail to live up to their promises. However, if KNC meets their goal, the kh/s per share ratio will be hard to justify unless reinvestment by scrypt-x is very aggressive.

I do appreciate time to market is very important in this realm and that in itself is a very good point.

See you at the IPO.

Our opinion is that time to market is of crucial importance in mining operations, we have seen that in BTC mining with AsicMiner and Avalon. Even in the 28nm process node race, time to market was/is important. KNC didn’t provide the most performant 28nm chip, but they were first, which gave them and miners a great advantage.

That being said, the A2 chip from Innosilicon is also in the 28nm process node, so it is not just a gen1 that will be obsolete in a few weeks (or even months) when others come out. Meanwhile continuous efforts are being made to optimize performance vs power consumption.

The Scrypt-X mining project is also not limited to one particular supplier, we are continuously evaluating and in negotiation with various suppliers, so we can make the best deals available and strengthen our growth strategy.

I'm pretty excited about this being an active Peta investor.

However doing the pricing for the forecast 100kh/s per share concerns me a little.

If we benchmark against the alpha - t miner (granted apples to oranges) but if they deliver on their 5Mh/s(now 16) on time (July) this means that to get an equivalent hash power with scrypt-x we would need to purchase 160 shares (not including aAlphas additional cloud hashing). At 0384 per share this works out to 6.144 btc which is about 2611 USD. The alpha miner retails for 2300 USD. The difference works out to about $2 per share. That two dollars is what I would consider to be the price for never getting "your hands dirty" and having a better resell potential by re selling the share vs the hardwar.

That's not too bad, but when you do the same comparison on KNCs supposed miner, it works out to a difference of $13 per share. That's a significant additional cost versus hardware.

My question to cryptx would be what are you going to do to hedge against aggressive performance gains made by new hardware. The Asic btc environment was more mature when PETA started than the scrypt Asic market is today. I would hate to see money invested in a Gen 1 Asic when Gen 2 is a month or two away and offers 75 percent better performance.

That being said alpha and knc are still pre order but knc has the best track record going and I would tend to believe them.

Anyway keep up the good work and I am looking forward to the IPO.

Though, I generally agree with what you're saying here, I don't think it's true with respect to Cryptx.

i've been an investor with PETA and i've been really happy with the weekly updates and the respect for post-IPO accountability. Cryptx has done more for PETA shareholders than promised during the recent Havelock IPO.

no

Can anyone give me an answer.

is this related to cryptx.io?

Litecoin is just fairbrix which is copy paste tenebrix and so forth. It's also a joke coin-  the purpose of migrating from sha256 to Scrypt was initially safe haven from GPU mining.. of course artforz et al already knew scrypt algo was not safe from gpu and began quietly mining huge amount in background and filling their pockets..

Then it was 'ASIC resistance'.. to stave of btc's forthcoming ASIC brutalisation, and therefore massive centralisation by manufacturers, you could choose LTC as diversification instead.  inevitability gave way and coin became valuable enough to warrant developing special hardware.

fast forward and now the purpoted 'ASIC resistance' is pretty publically known to be well. not very ASIC resistant at all. Within few months only entire LTC hashrate will more than double. So why invest into LTC over BTC? why dilute the crypturrency economy which everyone of should be concerned with seeing propser by pouring money into LTC over BTC? What tangible benefits it offers? There is no real infrastructure with LTC. it's is a parasite on BTC right now, considering BTC price can barely be maintained with constant dumps by mining ops esp ones with low overhead who can afford to dump at almost any price, too much out and not enough in and now we expect LTC, doge, quackcoin or whatnot to have constant influx of fiat to support the price too (fiat which could of gone to btc instead) and imagine btc price will not be affected?

 LTC price  is not free floating and independent, btc is the leader and all markets are affected by it, so by diverting funds from btc ltc goes down regardless.

Greedy Miners love to buy the latest and greatest shovel that cost 0.0005 gold coins to make for 5 gold coins, even if it may only dig back 4 in it's lifetime, they can sleep soundly in the knowledge they can probably stick it on ebay for 2 after it's outlived it's usefulness, it's simple greed, just another example of a gold rush. recently when keiser announce ltc price target the ease the price pumped up was ridiculous.sure it dropped massively but it still trading much higher cannot take that seriously. Cryptx did great move by taking advantage of this market greed and support bitcoin at same time.

I wont quote everyone, so I will make a short and summarized post about my opinion when it comes to this matter.

a security based on mining Scrypt coins...well basically when we say Scrypt we mean Litecoin and not the Scam coins and jokes because I wouldn't put my money on that....if as an investor you think that Scrypt coins (Litecoin) will lose value against Bitcoin then you are the worst kind of investor, because why would you invest in such security if you think the overall value will be going gradually down ? isn't this a retard move ? now if I am investing in this security, it is only because I believe that unlike Bitcoin, Litecoin still have a great future for mining revenue and on top of that I believe that the value of Litecoin will rise against Bitcoin even more.... and this is why I wish to be paid with Litecoins.

That's great news. I'm opposite , That would be my reason for investing.

All scrypt coins should go down in value despite massive hashrate increase mining diff increases on horizon, this is because there will be continuous sell pressure from ASIC farmers to recoup investments and that Scrypt POW now serves no tangible benefit over sha256, it's only bitcoin gold rush 2.0, except even more centralised.

The closer LTC comes to BTC valuations, and the more $ sunk into supporting LTC the more cryptocurrency economy becomes fragmented- the more BTC price sinks from funds being diverted into ltc dumped onto exchanges by miners. BTC price is barely able to be supported currently, and when BTC dips, everything dips.

As an investor I fully respect, I'm surprised this would sway you so much. If you really like LTC, Is the 2-3% loss really that bad when exchanging back to it?

Sorry, just slightly surprised this is your deciding factor. Looking forward to your response.

I don't imply it's a good or bad investment, everyone should do their own due diligence, but from my experience with investing in btc securities (and cryptx is no exception by far)  everyone has a lot activiti and a explenation for everything when they are asking for money. At that stage things are teoretical, but after they receice that money and things get real, then comes the silence. Explenations disapears if something may not go as planned and we are lucky if we get a short comment once a week. This is the most frustrating thing with btc securities for me.
Of course you may turn a profit, of course you may turn a loss, everyone expects that, but the way that theese CEO's change their atitudine after the IPO money have been raised is what really boder me, and I'm sure I'm not speaking only for myself.

Don't belive havelock are using Litecoin, probably only BTC is avaliable on this market and that can be the reason for using BTC, You can always exchange it to LTC.

you will mine Litecoin but the payouts will be in Bitcoin ? what a shame, why don't you pay dividends in Litecoin ? I would invest in this case...

Looking good, excited for this. 

That's great to hear.

Which multipool will you be using?