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[nacer]

This is the annoucement of new competitive scrypt mining asset.

Asset name
scryptMH
Website
scryptmh.eu (Under construction)
What is it?
This asset is a mining asset, each asset represent 1MH scrypt mining prime hashlet from gawminers.
Does this asset share dividend?
Yes, 97% of the mining profit
How many shares to be sold?
10,000
Current price
1520
Management account
NXT-2LPS-EJUF-UCS3-5VCVE
Asset ID
7718804113170725965

BTC payout address (MGW)
364rCQ6eQZsgsm8hPUoKJYp8YAtMe6Zmps
current Hashing power


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This asset is a mining asset, each asset represent 1MH scrypt mining hashlet from gawminers. Dividend will be redistributed to each asset every week.
The advantage from this asset is that you can trade asset but you can't trade hashlet from GAW miners directly.

I will change the asset cost if NXT price change too much.

I will take 3% of the mining profit for the management.

This asset is not emitted by GawMiners.

Feel free to ask your question bellow.

[nacer]

From the current mining profit i'm having with 20MH already mining.
One asset can make 58 NXT per week.

So you can break even in less than 10 weeks.

I will come back tomorrow with my 24h payout for 20 MH, for the sake of more precise numbers.

EDIT :
Payout of my already owned units for 24h are the following :

5MH/s -> 0.00330474 BTC -> 47.142 NXT
15MH/s -> 0.0111439 BTC -> 159.142 NXT

[nacer]

Todo :

- Buy domain name for the website -> OK -> scryptmh.eu
- Buy private server for the website -> OK
- Make a script that calculate shareholders for the asset
- Made the script parse all transaction to catch transfers of asset and not only trades.

- Develop a status page for shareholders :

• Logo
• Show current shareholders
• Show the current dividends information to shareholders with bitcoin balance from asset management BTC address
• Show weekly dividends report

- Transfert assets to a other NXT account to isolate Asset Management with my other stuff. -> OK

[cobaltskky]

How long do you anticipate that one MH of Scrypt mining power will be have a decent ROI before Scrypt ASICs drive the difficulty up too high?

[xibeijan]

Where is your kit housed and can you provide details about your overheads for cooling and electricity?

[nacer]

How long do you anticipate that one MH of Scrypt mining power will be have a decent ROI before Scrypt ASICs drive the difficulty up too high?

This asset is based on cloud mining, the mh price is way under the market. A lot of people are going to lose money before we don't make profit.
For the decent ROI, i can't tell. It's the risk of mining

[nacer]

Where is your kit housed and can you provide details about your overheads for cooling and electricity?

Hi,

I'm using cloud mining, so i don't pay electricity bills, i don't host hardware myself and there is no surprise cost like a PSU burning or else killing the ROI.

[nacer]

Hi there,

Profit look good for this half mined week, currently 14 NXT per asset.

I'm limiting the number of asset available on the AE, i don't want a whale buying too much asset before dividend. I don't think it's fair for the other asset holder. 

So if you are a whale and want to buy more asset than available on AE, you need to post a message here or pm me and we are going to do the trade on sunday after dividend distribution.

Nacer your fellow manager.

[cobaltskky]

Hi there,

Profit look good for this half mined week, currently 14 NXT per asset.

I'm limiting the number of asset available on the AE, i don't want a whale buying too much asset before dividend. I don't think it's fair for the other asset holder. 

So if you are a whale and want to buy more asset than available on AE, you need to post a message here or pm me and we are going to do the trade on sunday after dividend distribution.

Nacer your fellow manager.

Thanks for the update!  I have my five shares.

[peterpanda]

I would like to know the schedule of dividend payment? once per week? and when?
thank you

[qbd1313]

http://scryptmh.eu/

403 Forbidden

nginx/1.4.6 (Ubuntu)

scam？

[nacer]

http://scryptmh.eu/

403 Forbidden

nginx/1.4.6 (Ubuntu)

scam？

Or, website under construction like it's said in my initial post

[nacer]

I would like to know the schedule of dividend payment? once per week? and when?
thank you

Payout is once per week on sunday.

[peterpanda]

So, all the initial 500 offer have sold out, yet?

[nacer]

i change the asset price when nxt price move too much. for this week you still have 6 share available on AE for 550.
I will put to sell more share on sunday after dividend.

when you buy a share i buy 1mh of mining with the NXT of the asset sell.

[peterpanda]

ok, thank you

[nacer]

Hi there, i've made a script that calculate the current shareholders. Can you check the result and look if you see something wrong. i think i bought too much mh this week with my own money +5mh (this is good for you the shareholders  )

Account : NXT-FLFU-9XTU-YHD5-7WR86 as 10
Account : NXT-QT7P-HWS6-SABB-G59H8 as 5
Account : NXT-9SYB-C2GF-JA2X-2R4S3 as 25
40 validated

Edit : Ok double checked .Share manager have 9960 shares , i have bought too much Mh. 
Edit 2 : i did not make that mistake, it seem that the pool was giving a false number for MH.

[peterpanda]

7WR86, yes, i own 10 shares

[danp123]

so peterpanda, you got paid?  Maybe I'll jump in

[nacer]

Dear shareholders, today is payday !

Date : 24/08/2014
Btc earned from this ~half week : 0.0698 BTC
Btc to nxt : 1197 NXT
3% management fee : 35 NXT
Dividend net : 1162 NXT
Number of share : 40
Dividend per share : 29 NXT

Because the mining pool withdraw system is broken today, i will pay the dividend from my pocket.

Today i'm going to reopen the share sale. I will remove most of the unsold share on monday. (Whale protection  )