I apologize for not making a timely post on Bitcointalk forums.
We had a bug in the payout script that caused a large payout to go to the Picostocks payment address (about 3 days worth of mining). You can see it below and check it out online. After we sent the 27.8BTC, we paused the payout script and have now made a partial payment that makes up the difference.
After today, payouts will resume as normal.
Sorry for the confusion!
https://picostocks.com/stocks/bitcoins/19
3471 2.25300000 done 2014-10-03 16:59:44
3467 27.82211335 done 2014-09-29 23:49:53
Dave Carlson | CEO
www.megabigpower.com
Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 5. (Read 470088 times)
100 times difficulty ~ 100,000,000 GH/s ~ 1,000,000,000 USD investments in mining gear
Who's gonna pay that?
Who's gonna pay that?
You assumed prices of $10 per Ghash/s. It is well-known current ASIC vendors have insane margins on the raw silicon. As a matter of fact, Cointerra is already selling pre-orders $3 per Ghash/s. Watch the price drop to $1 or less per Ghash/s over the next 12 months. Therefore a $100 million investment in mining hardware is all you need for the network to grow to 100 Phash/s. This will happen by September 2014. Watch.
One year later... It is now September 2014, and the network has grown from 1.0 Phash/s to 250 Phash/s: I was right.
In fact we crossed 100 Phash/s in June 2014, so my estimation of when we would grow by 100x was correct with an error margin of ±90 days.
(Man, it has been a while since I logged on bitcointalk.)
You're right and I'm still amazed. My assumption of $10 per Ghash/s was indeed way off and then there's still a lot of money invested in the mining rush.
100 times difficulty ~ 100,000,000 GH/s ~ 1,000,000,000 USD investments in mining gear
Who's gonna pay that?
Who's gonna pay that?
You assumed prices of $10 per Ghash/s. It is well-known current ASIC vendors have insane margins on the raw silicon. As a matter of fact, Cointerra is already selling pre-orders $3 per Ghash/s. Watch the price drop to $1 or less per Ghash/s over the next 12 months. Therefore a $100 million investment in mining hardware is all you need for the network to grow to 100 Phash/s. This will happen by September 2014. Watch.
One year later... It is now September 2014, and the network has grown from 1.0 Phash/s to 250 Phash/s: I was right.
In fact we crossed 100 Phash/s in June 2014, so my estimation of when we would grow by 100x was correct with an error margin of ±90 days.
(Man, it has been a while since I logged on bitcointalk.)
Dave, however, does not change the fact that many shareholders by the incompetent management of the 500th suffered losses and accepted them do not compensated. How else to call it half-year delay? In addition, it is a matter known in the world of BTC and issue proper opinion MBP. How will you get the issue Cointerra?
Hi folks - MBP has developed our own private pools that accept only the mining of preferred mining partners (the franchise concept) and of course our own mines. 500TH mine is now mining to one of our internal pools. Because we control the 500TH mining hardware and our mining partners are trusted, we are probably the only pool that pays pure PPS now. This means 500TH dividend payouts will be much more reliable - they have suffered quite a bit of variance while mining to BTC Guild.
Expect to see steady daily payouts regardless of pool luck.
[EDIT] We are still transitioning 500TH to the pool. There will be a small amount of hashpower at BTCGuild until early next week (currently about 57TH). Once we have a public facing stats mirror, I'll post the url here.
Expect to see steady daily payouts regardless of pool luck.
[EDIT] We are still transitioning 500TH to the pool. There will be a small amount of hashpower at BTCGuild until early next week (currently about 57TH). Once we have a public facing stats mirror, I'll post the url here.
What has happened to the Mine?
At the end of the day on 9-4 during shift 19644 the hash power being reported on btc guild user 522067 dropped to 246th
https://www.btcguild.com/index.php?page=pplns&shift=19644
Right around that time there was abnormal payout to the pico stocks dividend account of 0.00001122 btc per share.
1367215 100th 0.01904034 dividend per share 0.00001122
From that point forward the mine has been running at only 76th
Looking for an update please.
At the end of the day on 9-4 during shift 19644 the hash power being reported on btc guild user 522067 dropped to 246th
https://www.btcguild.com/index.php?page=pplns&shift=19644
Right around that time there was abnormal payout to the pico stocks dividend account of 0.00001122 btc per share.
1367215 100th 0.01904034 dividend per share 0.00001122
From that point forward the mine has been running at only 76th
Looking for an update please.
any update on the situation?
Tytus,
something is wrong pico site No payouts or trades since 7-22 also when logging in it does not send the arming Email I have tried it on Chrome and Explorer with no success. Can anyone else log in and arm their session?
something is wrong pico site No payouts or trades since 7-22 also when logging in it does not send the arming Email I have tried it on Chrome and Explorer with no success. Can anyone else log in and arm their session?
Tytus hasn't checked in since the Cointerra IPO debacle months ago.
Try buzzdave or [email protected]
Tytus,
something is wrong pico site No payouts or trades since 7-22 also when logging in it does not send the arming Email I have tried it on Chrome and Explorer with no success. Can anyone else log in and arm their session?
something is wrong pico site No payouts or trades since 7-22 also when logging in it does not send the arming Email I have tried it on Chrome and Explorer with no success. Can anyone else log in and arm their session?
Dave/Tytus,
It looks like the 5BTC payouts have been continuing to send however they have not credited our Dividend accounts since 7-22. As of right now there appears to be 8 payouts that have not credited us what is going on??? https://blockchain.info/address/1LyZ2QJDJDJ7Mf8caQb2uRLgBVqBF9GvH4 . Please look into this ASAP!!!
It looks like the 5BTC payouts have been continuing to send however they have not credited our Dividend accounts since 7-22. As of right now there appears to be 8 payouts that have not credited us what is going on??? https://blockchain.info/address/1LyZ2QJDJDJ7Mf8caQb2uRLgBVqBF9GvH4 . Please look into this ASAP!!!
Why dividend payments have stopped? Last at 2014-07-22 22:51:24.
I'm pretty sure that's why picostocks is structured differently. You are not buying ownership in anything. Picostocks owns all of the assets..."users" are profit sharers.
A tradable profit sharing agreement is a security
(1) The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation
in any profit-sharing agreement, collateral-trust certificate,....
https://www.sec.gov/about/laws/sa33.pdf
Site work, they updated stat from all the pools in the front page
site now working
or look at https://megabigpower.com/
It is clear they are still mining, see user 522067 at btc guild. I'm going with 'webserver issue' though their lack of communication in general is indeed frustrating.
me too 
me too
picostocks.com down just for me or for everybody?
any reason for that?
any reason for that?
Giray, po polsku to na odpowiednim subforum. Jest takie.
Original IPO says 100TH, nothing more. They throw extra hashpower becuse of delays. So everything is as it should be. It was obvious that this mine will be dead soon or a later. Unfortunatelly it's very soon. Everyone can now laugh very loud at "pesimistic scenario" that total haspower of network will not increase more than 200TH/month... That was at IPO...
Original IPO says 100TH, nothing more. They throw extra hashpower becuse of delays. So everything is as it should be. It was obvious that this mine will be dead soon or a later. Unfortunatelly it's very soon. Everyone can now laugh very loud at "pesimistic scenario" that total haspower of network will not increase more than 200TH/month... That was at IPO...
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