Post
Topic
Board Securities
Re: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX
by
stompysteve
on 22/12/2014, 19:20:49 UTC
Guys...if you got the reinvestment fund paid out as a one-time dividend, it would amount to 0.0046BTC/share. CryptX is offering 0.00684BTC/share; this leaves about 0.0023/share from hardware sale, which would be a total of about 67BTC or >$20,000 (if they can actually sell them for this price). Once there is no hardware and no reinvestment fund, the shares have no value, so don't pretend that you could have your cake and eat it too by getting the reinvestment fund back and ALSO selling your shares to some unsuspecting noob.

And if you're not happy with that arrangement, you can always "reinvest" your reinvestment fund in AMHash.

The bottom line is, this is fair. We took a gamble on a Scrypt mining security, lost money, and now have to make tough decisions. I don't see how anyone could call this a scam.

I thought I invested 100k GBP in mining experts. But no, I got 20k GBP back in total after final dividend. My mother could have run a better operation - too convenient = SCAM. I could hv done a proper job if I had bothered.

they should be paying out the re-investment fund of the shares and buying the rock bottom shares if they want out. Thats how normal people work. Crypt x have run a clever scam. I think they may hv started with good intentions but in end could not be bothered and knew they could blame technical markers.

They are now keeping the equipment costs, which should be used to buy each share at its current value. And their profits which at a geuss is now actually 80% of the fund. If that aint a scam I dont knwo what is.

Pay me my 100k back you arse holes.

scrypt hashrate blew up right after setting up, i dont understand how you can call it a scam.  What would you be saying if the hashrate  dropped and we were mining at 35% for the past few months

they did pretty much excatly what they said they were going to do

really the only thing they could have done different would have been damage control and sold the hardware sooner or used the reinvestment funds instead of holding it like escrow