Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 43. (Read 470203 times)

Already UP!

WTF, the site is down again.

you are not buying 400 MH/s.

let me explain: if you had a 400 MH/s miner, and mining on a PPS pool, your share would depend on difficulty and actual total hash rate your mining pool is deploying. and luck. with time, your share is smaller.  

in case of 200 TH mine, you are not buying hashes, but a a fixed share (0.00004 BTC) of every block that was found by 200 TH mine. your share will get smaller over time too, but not that quick.

So basically you are waiting for bigger fool. Good luck!

Well If you think about it.. people were paying out the ass for Block erupters that aren't even 400 Mh/s...
These are cheaper.. you don't have to worry about hosting or running it.. Just buy and wait.

https://picostocks.com/ is down!

Can I ask why you think so? Do you really think that 400MH/s for 0.2BTC or even 0.1BTC is good investment. You don't get even full 400MH/s.

A bunch of FUD me thinks.. Once these guys get running full on I think the share price is going to go up up up!

It's even much worse than that. Right now 100TH is actually 20-30TH-mine. We can expect 200TH for few weeks when difficulty rich 150.000.000. http://bitcoindifficulty.com/

I still have faith in your project. I am invested albeit all I can afford at the moment. Really hoping you guys pull through with this 100TH project!

We managed to put up 10TH in un-optimized rigs today.  We fought networking gremlins early in the day, but still put together almost 50 rigs.  Tomorrow we'll swap out bad cards and should see another 5TH (reaching 35TH total for the mine).  More team members arrive tomorrow, so I hope to hit that 60TH mark.

Cheers,
Dave

What was before August custumers or 100TH shareholders. Another scam. So after 'failed IPO* of the 72TH-min' we have failed 100TH-min, failed 200TH-min... Scammers!

I still don't see why people are buying any form of PMB! or even when buying hosted hardware is cheaper.

@Dave,can you contact tytus to fix this?

Known since before 2012 as "the problem with PMBs."


Pretty epic shit.

Not quite the last place. No one but August customers were allowed before 100TH.
The shareholders of 100TH are rewarded for the delays with an additional 100 TH/s gear towards a total of 200 TH/s.
It's a brilliant solution. It seems Bitfury himself will have less chips for his private mine, but a good reputation is more important for him.

Is good to now that 100TH shareholders are on the last place. Thanks.

Investing in ASIC, delivered to your door or hosted by someone else is mostly speculative right now: there are chances that this will be a large bubble burst in the end. As it's difficult to account for every ASIC sold it's near impossible to make a smart move based on projections (avoiding playing might be advisable at this point).

It's even more difficult than math: models with a fixed percentage increase of hashrate every 2016 blocks are mostly useless. They don't factor market saturation, risks of low hardware MTBF / government confiscations, risk of new player with huge pockets and speculative behavior (investing in huge amounts of private 28nm chips). Risk assesment is highly tricky in this environment.
The hashrate could continue on an exponential curve, hit a ceiling or even decrease if the largest hardware providers are hit by component failures (unlikely to the point of being nearly impossible though as there are enough vendors to reduce this risk).

Everything is possible, if most of the alternative sources of ASICs that have yet to prove themselves fall on their face (like bASIC did), existing customers/investors in mines could still get a nice ROI. But with huge delivery delays for many sources, large amount of hardware could be delivered even after the point where mining with ASIC is barely profitable, eliminating any possibility of positive ROI for most.

So take your best guess and sell/buy/keep your BTC for better days...

I've reduced my position on the 200TH mine (at 0.4 and 0.5 BTC I believed it was too risky to keep all of my shares) but I could afford it: I was an early adopter and have already reached break-even.
People who came on board at 0.2 or 0.3 don't have this luxury, they are either:
- all-in hoping for a slowdown in the current curve that would earn them quite a bit,
- believe the exponential increase is here to stay for at least 6+ months and prefer to limit their loss by selling now.

It just doesn't make any sense to compare a mining bond with guaranteed, but diminishing returns, to a company like AM.

Sure, AM's dividends might be lower for a few weeks, but they are holding back funds to invest in new technologies that should increase shareholder value over the longer term. So... it does have to do with math, it's just not a back of the napkin calculation you can do for a direct comparison to a bond.

AM is increasing now. But it stop at 1PH. I know how PMB works. Thats why I'm continusly wroting "in some period of time".
AM example is good to see that price of the share has nothing to do with math. TAT.VIRTUALMINE gives more dividends that AM (same BTC invested) and it's cheap.