Quote from: Puppet on October 02, 2014, 07:45:04 AM

Quote from: DebitMe on October 01, 2014, 09:56:54 PM

So, if we were to liquidate all of the assets, we would have 862.5 btc roughly, which divided over 1,149,988 shares, would be .00075 btc per share.

Yeah why make it easy calculating with BTC/1GH since each unit represents 1GH

You make a few assumptions though; first of all, that the hardware can be sold. Since cryptx uses Bitfury hosted mining, its not clear to me who really owns the hardware at this point. EVen if cryptx owns the hardware, its very likely the contract with bitfury runs for a predetermined time, most likely 12 months if not more. Keep in mind bitftury built their datacenter to essentially serve two customers (DigitalBTC and cryptx). Who is going to pay the next 6 months (edit: or 11 months, since the datacenter apparently came online in august!) ?

Lastly there is the matter of incentive. Cryptx is making as much on petamine today as it was in the beginning. Its still reaping in $0.15/GH/month. He has no incentive to sell the hardware. He may lower hosting fees if and when needed to maintain the illusion of shareholder returns, since he is hosted in Georgia with rock bottom electricity prices (*), Im sure he has enough leeway there on his $0.15.

(*) http://www.georgiapower.com/pricing/files/rates-and-schedules/large-business/5.10_PLH-9.pdf

0.5679¢ per kWh or $0.0057 per KwH !!

we know they are screwing us on power along time digital btc press releases on their site say they used bitfury hostedmining and made millions american dollars of profits quickly they brek even. In Georgia bitfury pays even less than this for their power they use their own generator 10 or 20 megwatt and oil tanks, i read story say their datacentre more efficient than googles .

bitfury show us picture of their warehourse and hardware in belgium . we payed for both piece of minignn equipment before and after it move. If this is just borrow hardware without owning i would never invest, they cannot make illegal statement like this

so today i am seeking advice from legal proffessionals if cryptx will not offer hardware to rightful owner