Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 25. (Read 470088 times)
Hamid: "What's that?"
Rambo: "It's blue light."
Hamid: "What does it do?"
Rambo: "It turns blue."
What actions?
I admit that i made errors but i dont really dont like how this was done.
If they say there going to deploy 100TH but get delayed and change it to 200TH, it might be a scam.
If they have never deploy 200TH and the chips we paid for are on cex.io, it is a scam.
How much longer should we hold our breath until taking appropriate actions?
To be fair, I bought some shares back on the good news S-Ju bought into, for speculative reasons, but sold quickly on a loss of 20% since there were no fundamentals for this price (Mhash/BTC), not enough inflow of greater fools and the buildup of hashrate went too slowly. And I quit betting again for a while ;-)
The main fundamental was paper Mhash/BTC and this one was terrible at all times during the last couple of months.
The main fundamental was paper Mhash/BTC and this one was terrible at all times during the last couple of months.
Its fair when he wanted to lower the price since he did not think that it should be that high. On the other hand he probably KNEW that this price is too high. Since nobody than he knew that before. I bought after this 0.3BTC bidwall. I only learned about 100TH later. And i bought simply because i saw that the mine was built up at the moment. And of course i thought it will be built to 200th at least. But while i had to guess he knew that it wont.
He earned more with selling the shares than he could have gotten with its shares mining and now he could buy them back for cheap if he wanted.
So no, it doesnt look to me like a good deed.
He earned more with selling the shares than he could have gotten with its shares mining and now he could buy them back for cheap if he wanted.
So no, it doesnt look to me like a good deed.
Two things are to be taken into account though:
1. The first time he put up an ask wall other stockholders flamed him for "undercutting" the market. he made a profit selling this shares, yes. but it was the market that went crazy and without his ask walls the share prices would have skyrocketed even more.
2. Tytus always stated that it would be a 100TH mine with 200MH per share. Nothing more, nothing less. It says so in the first post of this thread, for heaven's sake. Also with a little research one could have easily found out that Metabank was in about the same timeline as the 100TH project, using the same hardware, using about the same pricing per GH as 100TH's IPO price. Which could have given a rough idea of how to price 100TH shares. (it seems like Metabank miners never made it out of Russia though)
I never saw that 0.3BTC-wall since i found 100TH later than that. So it doesnt matter much to me since the market found its own price when i came.
My information was that it will be a 200TH-Mine. I saw the shareprice and i saw that the first TH are actually deployed. I didnt calculate, thats true. But i assumed that this shareprice at the start of deploying would mean for sure that the shareprice will be even higher when its not only a couple of Terrahash anymore but the full 200TH. I was wrong since deployment stopped not even halfway. I hold the shares in the hope they would move on fast till the 200TH. But nothing happened. Stupid me only watched the shareprice going down from them. Until i was sure nothing will happen anymore and the shareprice will never reach the high price. Yes, my stupidity to think they will deploy 200TH in full and my stupidity not to calculate but only to trust that the shareprice will rise when deployment goes on.
The worst thing in this security for me is that there could have been 200TH. But this hashpower was sold. And only a couple of shareholders got revenue from these sales. So i was a shareholder of second class that neither got anything from the sales nor did i get the 200TH because some first class shareholders sold the TH for their own profit.
I admit that i made errors but i dont really dont like how this was done.
"Always stated" until 13th August, when "change of investment parameters" was reported.
Its fair when he wanted to lower the price since he did not think that it should be that high. On the other hand he probably KNEW that this price is too high. Since nobody than he knew that before. I bought after this 0.3BTC bidwall. I only learned about 100TH later. And i bought simply because i saw that the mine was built up at the moment. And of course i thought it will be built to 200th at least. But while i had to guess he knew that it wont.
He earned more with selling the shares than he could have gotten with its shares mining and now he could buy them back for cheap if he wanted.
So no, it doesnt look to me like a good deed.
He earned more with selling the shares than he could have gotten with its shares mining and now he could buy them back for cheap if he wanted.
So no, it doesnt look to me like a good deed.
Two things are to be taken into account though:
1. The first time he put up an ask wall other stockholders flamed him for "undercutting" the market. he made a profit selling this shares, yes. but it was the market that went crazy and without his ask walls the share prices would have skyrocketed even more.
2. Tytus always stated that it would be a 100TH mine with 200MH per share. Nothing more, nothing less. It says so in the first post of this thread, for heaven's sake. Also with a little research one could have easily found out that Metabank was in about the same timeline as the 100TH project, using the same hardware, using about the same pricing per GH as 100TH's IPO price. Which could have given a rough idea of how to price 100TH shares. (it seems like Metabank miners never made it out of Russia though)
They've already badly violated their expected timeline and have gone to "basically worthless."
But you should get $10/GH in 2016!
But you should get $10/GH in 2016!
Actually, each share has mined 0.02 btc as of today. With 518k shares total it means the project as a whole has mined approximately 10k btc or $1.4 million. This is above the $1 million target below which Tytus would have promised to pay $10/Gh/s to investors.
By my calculations, it's more like
My 0.02 btc was just an estimation... only 14% off.
Those 'many investors' were speculants and are now burnt in their greediness.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
Greediness? I invested because they started to deploy. There was no mentioning that they only deploy a couple of TH. Yes, it was stupid but it would have worked out if they really would have deployed the full TH. Greediness... right... thats an investment. If your invested then your not a bit less greedy.
tytus put the ask at 0.3B per shares because he lack of money to run the 100TH,how you can say those who buy the shares at 0.3B
are Greediness,i do not think so!!
At the time tytus put an ask at 0.3BTC people complained because it limited the rise of the share price (which later nearly hit an historical high of 0.5BTC). He could have asked for more but stated (or one of the other 100TH people, I don't remember exactly but you should find out in this thread) that the price was rising too fast and he wanted to limit its rise.
He was convinced to remove his wall at 0.3BTC by people in this thread so that the price could rise again.
Funny how people complain now that he sold at a price too high.
Its fair when he wanted to lower the price since he did not think that it should be that high. On the other hand he probably KNEW that this price is too high. Since nobody than he knew that before. I bought after this 0.3BTC bidwall. I only learned about 100TH later. And i bought simply because i saw that the mine was built up at the moment. And of course i thought it will be built to 200th at least. But while i had to guess he knew that it wont.
He earned more with selling the shares than he could have gotten with its shares mining and now he could buy them back for cheap if he wanted.
So no, it doesnt look to me like a good deed.
EDIT: oops I see where the confusion is. I meant 0.017, not 0.17.
Ah, yes, 0.017 seems perfectly reasonable.
Those 'many investors' were speculants and are now burnt in their greediness.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
Greediness? I invested because they started to deploy. There was no mentioning that they only deploy a couple of TH. Yes, it was stupid but it would have worked out if they really would have deployed the full TH. Greediness... right... thats an investment. If your invested then your not a bit less greedy.
tytus put the ask at 0.3B per shares because he lack of money to run the 100TH,how you can say those who buy the shares at 0.3B
are Greediness,i do not think so!!
At the time tytus put an ask at 0.3BTC people complained because it limited the rise of the share price (which later nearly hit an historical high of 0.5BTC). He could have asked for more but stated (or one of the other 100TH people, I don't remember exactly but you should find out in this thread) that the price was rising too fast and he wanted to limit its rise.
He was convinced to remove his wall at 0.3BTC by people in this thread so that the price could rise again.
Funny how people complain now that he sold at a price too high.
+1
Those 'many investors' were speculants and are now burnt in their greediness.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
Greediness? I invested because they started to deploy. There was no mentioning that they only deploy a couple of TH. Yes, it was stupid but it would have worked out if they really would have deployed the full TH. Greediness... right... thats an investment. If your invested then your not a bit less greedy.
tytus put the ask at 0.3B per shares because he lack of money to run the 100TH,how you can say those who buy the shares at 0.3B
are Greediness,i do not think so!!
At the time tytus put an ask at 0.3BTC people complained because it limited the rise of the share price (which later nearly hit an historical high of 0.5BTC). He could have asked for more but stated (or one of the other 100TH people, I don't remember exactly but you should find out in this thread) that the price was rising too fast and he wanted to limit its rise.
He was convinced to remove his wall at 0.3BTC by people in this thread so that the price could rise again.
Funny how people complain now that he sold at a price too high.
Those 'many investors' were speculants and are now burnt in their greediness.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
Greediness? I invested because they started to deploy. There was no mentioning that they only deploy a couple of TH. Yes, it was stupid but it would have worked out if they really would have deployed the full TH. Greediness... right... thats an investment. If your invested then your not a bit less greedy.
tytus put the ask at 0.3B per shares because he lack of money to run the 100TH,how you can say those who buy the shares at 0.3B
are Greediness,i do not think so!!
Those 'many investors' were speculants and are now burnt in their greediness.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
Greediness? I invested because they started to deploy. There was no mentioning that they only deploy a couple of TH. Yes, it was stupid but it would have worked out if they really would have deployed the full TH. Greediness... right... thats an investment. If your invested then your not a bit less greedy.
They've already badly violated their expected timeline and have gone to "basically worthless."
But you should get $10/GH in 2016!
But you should get $10/GH in 2016!
Actually, each share has mined 0.02 btc as of today. With 518k shares total it means the project as a whole has mined approximately 10k btc or $1.4 million. This is above the $1 million target below which Tytus would have promised to pay $10/Gh/s to investors.
you don't get the point,many inverstors bought at 0.3 placed by Titus.
Those 'many investors' were speculants and are now burnt in their greediness.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
How are you getting 0.17/share dividends? I've seen much closer to the 0.02 number...
Was looking at total funds received by 19t7RxwXdfiwQMyQ3JVB16e9HgV7omijSs at the time ~9,102 BTC
-50BTC for initial IPO => 9052 BTC
9052 / 518271 = 0.017465766
dunno...i just did a fast calc, so maybe I missed something...also I didn't subtract the 2% in fees...which BTW, has no been commented on.
EDIT: oops I see where the confusion is. I meant 0.017, not 0.17.
How are you getting 0.17/share dividends? I've seen much closer to the 0.02 number...
They've already badly violated their expected timeline and have gone to "basically worthless."
But you should get $10/GH in 2016!
But you should get $10/GH in 2016!
Actually, each share has mined 0.02 btc as of today. With 518k shares total it means the project as a whole has mined approximately 10k btc or $1.4 million. This is above the $1 million target below which Tytus would have promised to pay $10/Gh/s to investors.
By my calculations, it's more like
As has been noted, all of the big investors should break even...it's all of the little fish that bought late that will suffer. As they say...the rich get richer and the poor get poorer.
Personally, I will probably make a modest profit only because I was able to sell some shares during the run up, but it's a shame so many are under water due to the delayed deployment. There was so much potential here...
They've already badly violated their expected timeline and have gone to "basically worthless."
But you should get $10/GH in 2016!
But you should get $10/GH in 2016!
Actually, each share has mined 0.02 btc as of today. With 518k shares total it means the project as a whole has mined approximately 10k btc or $1.4 million. This is above the $1 million target below which Tytus would have promised to pay $10/Gh/s to investors.
you don't get the point,many inverstors bought at 0.3 placed by Titus.
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