Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 22. (Read 470088 times)
The worst news is no news.
Lessons learned, lets see if they can pull out any last ditch tricks, though I am not hopeful to say the least.
maybe wait cointerra's 2t 
Agreed, why is the mine only reporting 100TH/s?
12.3 btc spent.
My total shares I bought with that btcs are now worth less than 3btc at market price.
Dividends = .5 btc total if that.
12.3 btc spent.
My total shares I bought with that btcs are now worth less than 3btc at market price.
Dividends = .5 btc total if that.
tytus/dave, can we get an update on where we stand with new hardware? http://150.254.111.246/us/ still shows 100TH...I believe we were supposed to see up to 200TH by last week.
Are there plans to switch back to pooled mining? With the mine's current hash rate and looking at historical payouts there appears to be a lot of variance...with lots of very low payout days.
Are there plans to switch back to pooled mining? With the mine's current hash rate and looking at historical payouts there appears to be a lot of variance...with lots of very low payout days.
Dumb use of bitcoin, this was. 
speaking like yoda, you are.
Dumb use of bitcoin, this was.
The mine was supposed to have 518271 x 0.4 GH/s = 207.3084 TH/s.
Right now the speed is 98.8 TH/s.
Comparing to cex.io, the share price should be 98.8 / 518271 = 0.01906 BTC (not 0.005 suggested by af_newbie).
People buy it a bit higher because of promised growth to over 200 TH/s.
Without it, it is better to buy at cex.io.
Yet the speed is lowering, not growing (yesterday it was 101 TH/s).
Seems the devices are gradually failing, while no new ones are being added.
Or the temporary growth was caused by testing of the units shipped by Dave to customers.
What if even 0.019 BTC is too much?
While I was writing this, the speed went down to 98.3 TH/s...
Right now the speed is 98.8 TH/s.
Comparing to cex.io, the share price should be 98.8 / 518271 = 0.01906 BTC (not 0.005 suggested by af_newbie).
People buy it a bit higher because of promised growth to over 200 TH/s.
Without it, it is better to buy at cex.io.
Yet the speed is lowering, not growing (yesterday it was 101 TH/s).
Seems the devices are gradually failing, while no new ones are being added.
Or the temporary growth was caused by testing of the units shipped by Dave to customers.
What if even 0.019 BTC is too much?
While I was writing this, the speed went down to 98.3 TH/s...
^-- Math genius. 
Hope is dying last. Mine died at 0.12...
I wanted to invest into this at 0.10 but I run simple calculation:
200000 [GH/s] / 518271 [shares] = 0.385 [GH/share]
Based on overpriced 0.1 BTC per GH at cex.io, the share price works out to 0.385*0.1=0.0385 BTC per share.
That is assuming they have 200TH running RIGHT NOW.
cex.io prices are half of what these shares are selling for.
A proper valuation of these share is 0.005 BTC/share, as of today. And is declining every 2036 blocks like everything else.
Hope is dying last. Mine died at 0.12...
https://ghash.io/ 843.97 Th/s
Yeah, mining with our money, So fucking fun...
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun
Yeah, mining with our money, So fucking fun...
You do know that ghash.io has nothing to do with Tytus or the 100TH mine, right? So how is this mining with your money?
The 200ths mine was to be powered by bitfurry's hardware.
How it possible that they managed to output 800ths worth of hardware and can't even reach 100ths ? I paid 0.18 for shares that are worth 0.02. I would really like more complete explanation of the link between Bitfurry and 100ths, IIRC their prospectus said they would be financing the chip production.
Good question. There are not good answers at this time, besides the sketchy tale of 'having some problem with PCBs and stuff.'
I wish our boards had worked and been deployed a month ago, and ghash.io's were delayed, delayed, and delayed.
1.) Not everything mining on ghash.io is Bitfury based. I doubt that even a majority of it is at this point.
2.) The majority of the Bitfury gear that started mining on ghash.io was developed by a different group who bought chips and built their own boards. They are not related to, or affiliated with, MBP aka BuzzDave, who is responsible for building the 100TH mine.
3.) Only a very few of the reels of chips produced for Bitfury (Tytus) actually went to BFSB or MBP to build boards. They mostly went to private buyers (who built ghash.io) that financed the chip development.
https://ghash.io/ 843.97 Th/s
Yeah, mining with our money, So fucking fun...
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun
Yeah, mining with our money, So fucking fun...
You do know that ghash.io has nothing to do with Tytus or the 100TH mine, right? So how is this mining with your money?
The 200ths mine was to be powered by bitfurry's hardware.
How it possible that they managed to output 800ths worth of hardware and can't even reach 100ths ? I paid 0.18 for shares that are worth 0.02. I would really like more complete explanation of the link between Bitfurry and 100ths, IIRC their prospectus said they would be financing the chip production.
https://ghash.io/ 843.97 Th/s
Yeah, mining with our money, So fucking fun...
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun
Yeah, mining with our money, So fucking fun...
You do know that ghash.io has nothing to do with Tytus or the 100TH mine, right? So how is this mining with your money?
https://ghash.io/ 843.97 Th/s
Yeah, mining with our money, So fucking fun...
that is exactly what i want to say .i am getting more and more angry!!Quote
This is a private Bitfury ASIC mining pool. We are mining for fun
Yeah, mining with our money, So fucking fun...
If I helped:
https://cex.io/r/0/Dexter770221/0/
https://ghash.io/ 843.97 Th/s
Yeah, mining with our money, So fucking fun...
that is exactly what i want to say .i am getting more and more angry!!Quote
This is a private Bitfury ASIC mining pool. We are mining for fun
Yeah, mining with our money, So fucking fun...
If I helped:
https://cex.io/r/0/Dexter770221/0/
https://ghash.io/ 843.97 Th/s
Yeah, mining with our money, So fucking fun...
that is exactly what i want to say .i am getting more and more angry!!Quote
This is a private Bitfury ASIC mining pool. We are mining for fun
Yeah, mining with our money, So fucking fun...
If I helped:
https://cex.io/r/0/Dexter770221/0/
https://ghash.io/ 843.97 Th/s
Yeah, mining with our money, So fucking fun...
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun
Yeah, mining with our money, So fucking fun...
Fortunately some people are opening eyes and understand what is happening
Jump to: