Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 44. (Read 470088 times)

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.

Because hashrate of AsicMiner is increasing and every share gets more hashing power over time.
With 100TH (now 200TH) bitcoin mine you get 400MH/s for every share and that is it.
Let me explain really simple.
You buy 1 share of 100TH mine for 0.2BTC.
In 1 month your 1 share have produced 0.05BTC.
But price of share has dropped to 0.1BTC.
Another months passes your earned additional 0.03 for total 0.08BTC, but
share price has dropped to 0.05BTC and is now worth 0.05BTC.
Total earned 0.08BTC with share price at 0.05.
Or 0.2BTC invested 0.13 returned.

I wrote that this cannot be directly comparable. Buying hardware and buying bonds it's another story and also not comparable. So why people pays 10 times more for AsicMiner when they will have same amount of dividends from 200TH mine. For some period of time, investing same amount of BTC into AM and 200TH will give ~3 times more from dividens from later. Do your own math, my maybe wrong though.

EDIT: To be clear, I have both assets.

I dont know if you are purposly deceiving him or just cluless.
This is mining bond which cannot be compared to AsicMiner.
Each share will give 400MH/s. Lets say you buy them at 0.2 BTC per share or 2GH/s per BTC when 200Th will be online.
Even ASICMINER Block Erupter Blade are cheaper than this which everyone with some clue knows they will never return what you pay for them.

Hope your prediction becomes true. Thank you for your consolation.

Who knows? When full 200TH hit online then this mine will be delivering highest dividends (for some amount of time) among competition. So if worse AsicMiner can hit >2BTC/share (I know it's not directly comparable) then 0.4 is possible. I think even 1.0 mark is possible.

Shoud I dump all of them to at the current price to reduce the loss?

what's the value of the 100TH share? Can it bump to 0.4 btc/share again? I feel really frustrated now?

Excited to hear this!

So we will be 60TH by next monday you figure?

August shipping is almost complete.  Due to a shortage of M-boards, we won't be shipping starter kits this week.  As a stop gap for those customers, I'm pointing the equivalent hashrate to a dedicated pool account, which we will pay out to them when we ship.

This means we will keep everything running (currently 20TH), and add about 40TH this week.

We'll go solo this week - the pool mining is just a temporary measure while the mine is too small to deliver reliable dividends to the shareholders.

My apologies, thanks for the information.

Transisto, did you ever read the 100TH-mine business plan?  (http://picostocks.com/businessplan/19)
From page 5:
Leszek is known here as "tytus", Dave as "buzzdave".
Why you ask tytus to post, while you ignore buzzdave posts?
Especially when it is buzzdave who is building 100TH right now.

I'm not of the type to be reading between the lines and speculating on success of the project though weird transactions at an address.

Can't you provide any update past that "Failed production and change of investment parameters" from 1 month ago ?

Also how does one explain that the OP, Tytus, hasn't posted on anything since 26 June 2013 https://bitcointalksearch.org/topic/m.2589595
With a last sentence being "I will write more about the chip sample program in the next week."

In the meanwhile the exchange went down for close to a week.

Q1 : Is it mining or not ?

Q2 : If not at full capacity, WHEN ?

Q3 : What the fuck ?

Sorry for my ignorance.

I was just politely poking at the apostrophe I knew what you meant, and didn't want to come across as an asshole, but when I posted that, I was pretty much up to my hat in reading misplaced apostrophes and predictions of people "loosing" their money that I was compelled by my frustrations to vent a little before popping a cork. I love the description of he-who-pretends-to-be-a-she-and-who-must-not-be-named-because-then-I-might-accidentally-be-tricked-into-reading-his-I-mean-her-self-fellating-I-mean-cunnilinguing-drivel-in-a-quoted-context. Made me smile.

Seems to me that the sand in your vagina might really be getting to you. Is there even a single project you have yet to call scam on? Personally I really only know of one perpetual scam here running as of now and that would be your own mock-exchange that trades only shares in your own exchange. Talk about ponzi scheme.

I initially read that as "... the troll's twat?" which I think I like better. LOL

With regard to MPOE-FUD, as others have mentioned, do not engage rogue PR bots. This particular bot is the first experimental prototype built by Mircea Popescu Fembots Unincorporated (ticker: MPFU, soon to be listed on MPex), and as such, lacks a serviceable logic board.

In the early pages of this thread she flung accusations of incompetence at Bitfury as well, and we all know how he's delivered. The fact that Bitfury worked with OP (tytus) on the chips for this venture, and that these chips now account for a huge percentage of the network, demonstrates just how difficult it is for old bots to process new information.

...the troll's what?