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It is not possible that ONLY 68% of the holders are that stupid...
It is not possible that ONLY 68% of the holders are that stupid...
FTFY
Topic: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX - page 8. (Read 64194 times)
August 29, 2014, 08:39:07 AM
FTFY
August 29, 2014, 08:35:23 AM
...
It is not possible that ONLY 68% of the holders are that stupid...
It is not possible that ONLY 68% of the holders are that stupid...
FTFY
August 29, 2014, 08:27:09 AM
Quick question to the general populace:
Anybody know what Cryptx originally paid for the first batch of A2 Innosilicon miners that came online directly after the IPO? I didn't find anywhere where Cryptx mentioned it (naturally), so instead I'm trying to find information / pricing from group buys that happened early / mid May (and possibly a few weeks earlier than that). Based on what I've seen so far, I've estimated $10,000 each, but I may be a bit off if there were other deals going on at the time.
Anybody know what Cryptx originally paid for the first batch of A2 Innosilicon miners that came online directly after the IPO? I didn't find anywhere where Cryptx mentioned it (naturally), so instead I'm trying to find information / pricing from group buys that happened early / mid May (and possibly a few weeks earlier than that). Based on what I've seen so far, I've estimated $10,000 each, but I may be a bit off if there were other deals going on at the time.
Are you trying to understand how they spent the 1162.281 btc of the ipo?
Pretty much. Or rather, where did the money go? At $10k per device (when ordered in a large batch), that would mean there's somewhere close to BTC400 that have never been used. Even at $12,000 each (essentially the price to buy one at a time), that still leaves almost BTC245 in the air.
On one hand, you whine because CryptX has scammed you with the intial investment
On other hand your vote #4 because you want them to look for "future opportunities"
Future opportunities for them to scam you again
It is not possible that 68% of the holders are that stupid, the vote is obviously rigged.
August 29, 2014, 08:13:09 AM
These are the results of the survey. 59% of all unit holders have cast their vote:
1. One time dividend of the reinvestment fund. - 32%
2. Keep the reinvestment funds for future opportunities. - 68%
Based on these results a large majority of unit holders who cast their vote prefers to use option 2.
We are exploring the market for the best possible investment opportunities for our reinvestment fund. We are currently talking with Gawminer about purchasing Hashlets. All suggestions are welcome at [email protected].
August 29, 2014, 07:38:01 AM
Quick question to the general populace:
Anybody know what Cryptx originally paid for the first batch of A2 Innosilicon miners that came online directly after the IPO? I didn't find anywhere where Cryptx mentioned it (naturally), so instead I'm trying to find information / pricing from group buys that happened early / mid May (and possibly a few weeks earlier than that). Based on what I've seen so far, I've estimated $10,000 each, but I may be a bit off if there were other deals going on at the time.
Anybody know what Cryptx originally paid for the first batch of A2 Innosilicon miners that came online directly after the IPO? I didn't find anywhere where Cryptx mentioned it (naturally), so instead I'm trying to find information / pricing from group buys that happened early / mid May (and possibly a few weeks earlier than that). Based on what I've seen so far, I've estimated $10,000 each, but I may be a bit off if there were other deals going on at the time.
Are you trying to understand how they spent the 1162.281 btc of the ipo?
Pretty much. Or rather, where did the money go? At $10k per device (when ordered in a large batch), that would mean there's somewhere close to BTC400 that have never been used. Even at $12,000 each (essentially the price to buy one at a time), that still leaves almost BTC245 in the air.
August 29, 2014, 02:34:47 AM
Quick question to the general populace:
Anybody know what Cryptx originally paid for the first batch of A2 Innosilicon miners that came online directly after the IPO? I didn't find anywhere where Cryptx mentioned it (naturally), so instead I'm trying to find information / pricing from group buys that happened early / mid May (and possibly a few weeks earlier than that). Based on what I've seen so far, I've estimated $10,000 each, but I may be a bit off if there were other deals going on at the time.
Are you trying to understand how they spent the 1162.281 btc of the ipo? Anybody know what Cryptx originally paid for the first batch of A2 Innosilicon miners that came online directly after the IPO? I didn't find anywhere where Cryptx mentioned it (naturally), so instead I'm trying to find information / pricing from group buys that happened early / mid May (and possibly a few weeks earlier than that). Based on what I've seen so far, I've estimated $10,000 each, but I may be a bit off if there were other deals going on at the time.
August 28, 2014, 04:52:50 PM
Quick question to the general populace:
Anybody know what Cryptx originally paid for the first batch of A2 Innosilicon miners that came online directly after the IPO? I didn't find anywhere where Cryptx mentioned it (naturally), so instead I'm trying to find information / pricing from group buys that happened early / mid May (and possibly a few weeks earlier than that). Based on what I've seen so far, I've estimated $10,000 each, but I may be a bit off if there were other deals going on at the time.
Anybody know what Cryptx originally paid for the first batch of A2 Innosilicon miners that came online directly after the IPO? I didn't find anywhere where Cryptx mentioned it (naturally), so instead I'm trying to find information / pricing from group buys that happened early / mid May (and possibly a few weeks earlier than that). Based on what I've seen so far, I've estimated $10,000 each, but I may be a bit off if there were other deals going on at the time.
August 28, 2014, 02:41:46 PM
I been reading the prospectus again. And the reason I invested is because they said they would mine the most profitable coin and they were building their own machines having a relationship with bitfury or chip manufacturers. It all sounded very good, so CRYPT X should know what their doing. Thats what I cant add up.
do we have any proof that they are mining? Thats what I cant add up.where are their own builded machines?
August 28, 2014, 02:18:35 PM
I been reading the prospectus again. And the reason I invested is because they said they would mine the most profitable coin and they were building their own machines having a relationship with bitfury or chip manufacturers. It all sounded very good, so CRYPT X should know what their doing. Thats what I cant add up.
Thats what I cant add up. August 27, 2014, 02:49:16 PM
Then the options need changing. If our opinions or votes count as to how the project is run. Then people need lobby crypt x for the best solution.
Which is full dividend payouts for 2 weeks, then build up re-investment ready for better BTC price and better machines over haul period. Thats what needs doing.
The black and white options we have been given are quite fr4ankly = shite.
+1Which is full dividend payouts for 2 weeks, then build up re-investment ready for better BTC price and better machines over haul period. Thats what needs doing.
The black and white options we have been given are quite fr4ankly = shite.
like the rest of how the whole project has been managed until now. Or how the communication has been handled.
In fairness, I tried coming out with my % of shares.
If we want to lobby, it is important that 51% of shareholders power come with the right plan. 2 votes ago we didn't reach the quorum. I may recall incorrectly but it was something around 38% or so.
While my ears are wide open to whoever has the best idea, regardless of how many shares he has, it must be a 51% of shares who should talk to Cryptx.
Or they will not listen.
I made my proposal few weeks ago. I also wrote Cryptx directly and got a "we will consider it" response. And now we are voting on something different. Fine.
Is there anyone in the public here who owns more than 15%? 10%? 5%? can we confirm we have a unique line with 51% of shares?
August 27, 2014, 01:53:20 PM
Then the options need changing. If our opinions or votes count as to how the project is run. Then people need lobby crypt x for the best solution.
Which is full dividend payouts for 2 weeks, then build up re-investment ready for better BTC price and better machines over haul period. Thats what needs doing.
The black and white options we have been given are quite fr4ankly = shite.
Which is full dividend payouts for 2 weeks, then build up re-investment ready for better BTC price and better machines over haul period. Thats what needs doing.
The black and white options we have been given are quite fr4ankly = shite.
August 27, 2014, 10:01:57 AM
Guys please let's stay in topic.
There are only two options left:
3. One time dividend of the reinvestment fund. - 34%
4. Keep the reinvestment funds for future opportunities. - 48%
"Having 2 weeks dividends at 100% and then change" is not an option that is in discussion.
You either vote to keep having Cryptx manage the reinvestment fund or to pay full dividends to shareholders from now on (plus the fund distribution).
Now, I don't want to convince anyone on any of the two options. We are all free to decide what is the best interest for each one. Just, let's keep it in topic
There are only two options left:
3. One time dividend of the reinvestment fund. - 34%
4. Keep the reinvestment funds for future opportunities. - 48%
"Having 2 weeks dividends at 100% and then change" is not an option that is in discussion.
You either vote to keep having Cryptx manage the reinvestment fund or to pay full dividends to shareholders from now on (plus the fund distribution).
Now, I don't want to convince anyone on any of the two options. We are all free to decide what is the best interest for each one. Just, let's keep it in topic
August 27, 2014, 09:13:40 AM
im assuming everyone is voting #2?
More like option 3
We already have seen how Cryptx managed Peta and Scrypt. I'm not going to wait and see if a new investment will be that beneficial to a stock value of almost 0 with dividends close to 0.
If anyone wants to invest more... plenty of sell numbers available on havelock.
im not sure what i was trying to write now that i look at it though
edit: i meant #2 of the new voting round
so really #4
#4 is leaving you money in cryptx hands... and they've not invested our money wisely so far
#3 is getting back your money in your hands and do whatever you want to with it (might be another cryptX project if you trust them that much...)
I don't get point of voting #4...
Plus more purchase power if wait till after this btc price slump
August 27, 2014, 07:27:31 AM
#3 is getting the reinvestment funds back into your hands - about 0.003 btc / share, if I did my arithmetic correctly.
After this, the share price will probably drop by approximately 0.003 btc or perhaps even more. If you really want to reinvest in SCRYPT, that might be a good time to do so
After this, the share price will probably drop by approximately 0.003 btc or perhaps even more. If you really want to reinvest in SCRYPT, that might be a good time to do so
August 27, 2014, 06:14:33 AM
im assuming everyone is voting #2?
More like option 3
We already have seen how Cryptx managed Peta and Scrypt. I'm not going to wait and see if a new investment will be that beneficial to a stock value of almost 0 with dividends close to 0.
If anyone wants to invest more... plenty of sell numbers available on havelock.
im not sure what i was trying to write now that i look at it though
edit: i meant #2 of the new voting round
so really #4
#4 is leaving you money in cryptx hands... and they've not invested our money wisely so far
#3 is getting back your money in your hands and do whatever you want to with it (might be another cryptX project if you trust them that much...)
I don't get point of voting #4...
August 27, 2014, 05:53:09 AM
If the machines and everything needs longer time and thought, then what would help the share price, which the savings being sat in a pot is not doing right now, is full payouts, and crazy high dividend would help the share price massively.
Right, but that's exactly what I'm getting at; there's zero information to support the claim that a temporary high dividend would sudden cause the share price to spike. And why would it? That's what I'm trying to draw out of you, the why in all of this. When you take away the reinvestment, you're literally taking away the support for the fund. It is impossible (rationally speaking) for the share price to do anything but drop as dividends dwindle to BTC0.0.
The baffling notion behind all of this is that we actually have a working example of what happens when you dump the reinvestment for 100% dividends. As many have noticed, PETA's share price has not gone 'to the moon'.
I do, however, agree with the latter statement...they (or apparently 'we' given how this has been going so far) need to work out a new strategy, which includes replacing inefficient equipment before it's completely worthless. The only way we can do that is if we have something to replace it with. And the only way we can purchase new, faster, more efficient equipment before selling the old, semi-worthless stuff is with...you guessed it...a reinvestment fund.
I suppose that's the one point I'm trying to drive home in all this, and something I'm not sure many people are grasping -- Funding from revenue set aside for future purchases is what governs the direction of the mining farm (or in PETA's case, loans from investors too). It determines how quickly you can grow. It determines what hardware you can purchase. It determines the quantities and bulk discounts on hardware. If you don't have enough of it, taking advantage of new hardware purchases becomes difficult. If you don't have any of it, it becomes impossible.
I Am saying a 2 week 100% dividend payout only, to get more poeple interested in the returns by which time they need sell inefficient machines and get only the best. I thought they were just buying chips and building their own machines, but this is not the case i dont think...?? Any takers?
August 27, 2014, 12:42:45 AM
im assuming everyone is voting #2?
More like option 3
We already have seen how Cryptx managed Peta and Scrypt. I'm not going to wait and see if a new investment will be that beneficial to a stock value of almost 0 with dividends close to 0.
If anyone wants to invest more... plenty of sell numbers available on havelock.
im not sure what i was trying to write now that i look at it though
edit: i meant #2 of the new voting round
so really #4
August 26, 2014, 07:41:25 AM
im assuming everyone is voting #2?
More like option 3
We already have seen how Cryptx managed Peta and Scrypt. I'm not going to wait and see if a new investment will be that beneficial to a stock value of almost 0 with dividends close to 0.
If anyone wants to invest more... plenty of sell numbers available on havelock.
That's honestly the best solution. Everyone decides what to do with his money... no forced reinvestment anymore.
August 26, 2014, 07:35:49 AM
im assuming everyone is voting #2?
More like option 3
We already have seen how Cryptx managed Peta and Scrypt. I'm not going to wait and see if a new investment will be that beneficial to a stock value of almost 0 with dividends close to 0.
If anyone wants to invest more... plenty of sell numbers available on havelock.
August 26, 2014, 05:50:37 AM
im assuming everyone is voting #2?
More like option 3
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