Pages:
Author

Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 37. (Read 470140 times)

hero member
Activity: 631
Merit: 500
September 21, 2013, 05:34:57 PM
Dave, Tytus, Jared, can you provide an estimate on when you expect to reach 100TH/s and 200TH/s? We are getting into the later part of September now and I think most of us expected the first 100TH to be online by this time. Also, raw dividend rates do not match hash rate..the highest 24hr average I've seen is ~55TH/s. Is the mine experiencing ongoing hardware/network problems?

Are hosting/maintenance fees being deducted from each dividend payment? I see there is about a 2% difference between dividend payouts and raw mining income. Can we get some clarification/updates on how fees are being taken out?

thanks
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
September 21, 2013, 05:27:11 PM
Id like to once again protest the choise of mining venue:

As a shareholder: btcguilds 4% fee is theft, from my pocket.
As a bitcoin entrepeneur: your participating in growing my risk regarding double spends.
As a miner: Your undermining the whole concept of a decentralised currency.
As a bitcoin holder/believer/saver: You are participating in putting a large portion of my savings at a constant risk.

Just cut the explanations, solomine or swap pool, please!

I'd sell or destroy my shares if it'd take the eqvalent hashrate off btcguild.

This word, "theft" does not mean what you think it means.

You would prefer 100TH gambles with our money on a high variance pool instead?

Perhaps we could compromise by using a lower fee pool, but that lower fee would be more than cancelled out by the lower reliability.
member
Activity: 76
Merit: 10
To be or to have
September 21, 2013, 02:00:45 PM



Not hardware, but optimizing will continue (swapping out bad cards, tweaking rigs, etc.)  We want to run every rig at 400G, which would give us 65TH even now.  More hardware deploys next week - I expect we'll surpass the original 100TH goal.

Current stats are low due to a little issue at the pool, resolved, no shares were missed.

Dave, when 100TH / s? BTCGuild shows ~ 48TH / s (less than a week ago).
Tytus, can you write what happens? I do not like speculation.
hero member
Activity: 910
Merit: 1000
Items flashing here available at btctrinkets.com
September 21, 2013, 01:57:32 PM
Id like to once again protest the choise of mining venue:

As a shareholder: btcguilds 4% fee is theft, from my pocket.
As a bitcoin entrepeneur: your participating in growing my risk regarding double spends.
As a miner: Your undermining the whole concept of a decentralised currency.
As a bitcoin holder/believer/saver: You are participating in putting a large portion of my savings at a constant risk.

Just cut the explanations, solomine or swap pool, please!

I'd sell or destroy my shares if it'd take the eqvalent hashrate off btcguild.
member
Activity: 83
Merit: 10
September 21, 2013, 08:29:39 AM
I think it's because more and more people are staying away from mining securities, put their coin into gambling, loan kind of securities.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
September 21, 2013, 08:16:59 AM
Because with so many competitors, everyone loses.

I am like you invest most of the mining companies, but at the situation like this... *sigh*

Im not sure competition is the word here since all securities go down. If it would be a competitor then this competitor had to go up...
member
Activity: 83
Merit: 10
September 21, 2013, 08:05:12 AM
Because with so many competitors, everyone loses.

I am like you invest most of the mining companies, but at the situation like this... *sigh*
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
September 21, 2013, 07:50:42 AM
There is 518271 total shares, not 750000.
Incoming BTC you can see here:
https://picostocks.com/stocks/bitcoins/19.
They come when paidout trigger on btcguild triggers and btcguild solves block.


Ok... but am i not wrong... theoretically the div paid means 100roi in one year. That is more than asicminer has now. And more than labcoin and activemining. But for some reason all securities crash at the moment. I dont have an explaination why.
100th of course is worse then lc and actm since the 100th wont be built out. Maybe thats the problem here?

And i was so smart to invest in all of them... assuming that at least one will succeed. Though i only would have kept lc and actm since only they will grow their mine and be able to do that at cost.

*sigh*
legendary
Activity: 1029
Merit: 1000
September 21, 2013, 04:33:44 AM
There is 518271 total shares, not 750000.
Incoming BTC you can see here:
https://picostocks.com/stocks/bitcoins/19.
They come when paidout trigger on btcguild triggers and btcguild solves block.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
September 20, 2013, 05:43:46 PM
I see now http://www.alloscomp.com/bitcoin/calculator gives the same result... BTC245

I see... i first wanted to check the weekly div. But since 100th pays out div so often i chose 1 day instead but forgot the week from before...
sr. member
Activity: 308
Merit: 250
September 20, 2013, 05:41:22 PM
id never buy a stock anywhere but btct Smiley but thats just me
legendary
Activity: 892
Merit: 1002
1 BTC =1 BTC
September 20, 2013, 05:39:53 PM
I see now http://www.alloscomp.com/bitcoin/calculator gives the same result... BTC245
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
September 20, 2013, 05:37:14 PM
Better use BitcoinX profit calculator...

1 day 55TH = BTC245

245/750000 = 0.00032666666

Strange... i thought the tool was valid... bitcoinX doesnt have other inputs that could explain the difference. At least not now when asics dont use much power cost.

Anyway... why the selloff? It looks like everything is crashing. Asicminer, Actimining, labcoin and 100th. While in fact 100th isnt standing very bad. With a shareprice of 0.14btc and the actually paid div it has 100% roi in one year. But people sell for some reason i dont see.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
September 20, 2013, 05:18:03 PM
I dont understand this security. And picostocks is far from being easy to read and use.

So there is a hashrate of 55TH mining? And the shareprice drops 55%? Dividends were yesterday at 0.00039383BTC per share for 750000 shares each? When i use http://www.alloscomp.com/bitcoin/calculator it tells me 55th should create 1719.09BTC each day. Thats 0.00229212BTC per day per share. Thats 17% paid out of potential 100%.

What happens?
hero member
Activity: 631
Merit: 500
September 20, 2013, 12:49:30 PM
What's happening to the mine's hashrate? I'm seeing a significant drop on btcguild (mining dividends haven't shown a rate > ~55TH either).

legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
September 19, 2013, 05:41:21 PM
it seems the hashrate is going up and up, good to see it.

The hashrate is exactly zero. Precisely so.

If you suggest there is no hashrate, are you implying that they are paying dividends out of pocket?

I'm not implying it, I'm saying it. Re-read this thread, these are pretty much well known scammers by this point.

Lets just say that there is a reason she can be found on the ignore list of most scammers.

FTFY, and yes there is a reason. That reason is that said scammers are too fucking stupid to review the history, and thus learn by reading that the pile of dead scammers under my feet, gutted and beheaded in a bloody mess is much larger than the pile of scammers currently running around.

They prefer learning by doing, and fuck me if I mind.
So ... how's this working out for you? Cheesy

Got that begging and grovelling apology written up yet?
hero member
Activity: 588
Merit: 500
September 19, 2013, 03:03:00 PM
Can we just list on Bitfunder and/or BTCT like a normal stock?

Pico lacks 2FA security and only has one real stock offering.  It's also hideous and suffers from extensive downtime.

It was fine for the IPO, but now that the assets are coming online we've outgrown this exchange.
From the rumours I've heard:
1. Tytus goal is to fund Proteon Pharma.
2. Existing exchanges don't offer enough low compliance to fit Proteon Pharma needs, so Tytus had to create Picostocks.
3. 100TH was created to kickstart the Picostocks.

So moving 100TH to other stock exchanges is against the main goal. I think its better (and easier) to add 2FA to Picostocks. And maybe find other developer for it (I would offer myself, but I am unfortunately busy for a month or so) ,)
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
September 19, 2013, 01:27:54 PM
For over a month there is still the same report "Failed production...".
Anyone comes here and see "Failed production".
It keeps the price low better than selling tytus' shares a while ago.
How can the price be high if no official report about growing of the mine?
(For instance "The mine reached successfully 65 GH/s and we aim 200 TH/s soon.")
Maybe tytus wants to buy dumped shares?

I think Tytus is lacking time, which hurts his bitcoin business. The Proteon Pharma website is down altogether, and if I understood correctly funding it was the main purpose of Picostocks and 100TH mine.

Can we just list on Bitfunder and/or BTCT like a normal stock?

Pico lacks 2FA security and only has one real stock offering.  It's also hideous and suffers from extensive downtime.

It was fine for the IPO, but now that the assets are coming online we've outgrown this exchange.
hero member
Activity: 588
Merit: 500
September 19, 2013, 10:32:50 AM
For over a month there is still the same report "Failed production...".
Anyone comes here and see "Failed production".
It keeps the price low better than selling tytus' shares a while ago.
How can the price be high if no official report about growing of the mine?
(For instance "The mine reached successfully 65 GH/s and we aim 200 TH/s soon.")
Maybe tytus wants to buy dumped shares?

I think Tytus is lacking time, which hurts his bitcoin business. The Proteon Pharma website is down altogether, and if I understood correctly funding it was the main purpose of Picostocks and 100TH mine.
legendary
Activity: 1029
Merit: 1000
September 19, 2013, 10:21:28 AM
For over a month there is still the same report "Failed production...".
Anyone comes here and see "Failed production".
It keeps the price low better than selling tytus' shares a while ago.
How can the price be high if no official report about growing of the mine?
(For instance "The mine reached successfully 65 GH/s and we aim 200 TH/s soon.")
....
True...
Pages:
Jump to: