Just guessing. 
Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 50. (Read 470088 times)
Maybe they just got hacked and all bitcoins in hot wallet are gone? Just guessing.
Just guessing. 
I've called BioInfoBank. The secretary will contact Leszek Rychlewski (tytus) and let him know about the problem.
site maintenance without warning? dodgy....
mybe the 200TH 's hashrate is too high, so the website was down,still can not log in!
https://picostocks.com/users/login
Tytus, any info?
Code:
Not Found
Error: The requested address '/users/login' was not found on this server.
Can someone clarify what's wrong with the pics webiste? This is really annoying. My assert is there, but I cannot access it.
Is it gone?
Is it gone?
Seem like the website upgrade, the homepage is changed.
Or something more sinister....
If so, very well done. :-/ Got a bunch of my btc.
So....
Website update in progress?
Or something more sinister....
Website update in progress?
Or something more sinister....
Seems like picostocks.com is corrupted.
Anything we should know buzzdave?
Anything we should know buzzdave?
I wonder what you mean. Are you claiming the founders can sell? In fact im not really interested in your answer. You paragraph is something i would rather look away disgusted by thinking about what person would write this way.
Werent you the one that only recently wrote an article why Asicminer was a complete fail? I live from Asicminer... so now you tell me i dont understand anything... right.
Werent you the one that only recently wrote an article why Asicminer was a complete fail? I live from Asicminer... so now you tell me i dont understand anything... right.
Yes. IF they were to change the terms of the mine, then it would drive the value of the shares up. If the value goes up, so will share price. Conversion to a reinvestment/business type security works better than offering a new mine because the existing mine can be used as a basis for on-going operations. The mine gives investors confidence in the converted security because it is a tangible bitcoin producing asset.
Asicminer currently has around 37TH/s and shares on passthroughs are slightly over 2BTC (previously 4+ BTC). Although no one can predict what the market will price converted shares at (also depends on conversion terms), the current and historical price of AM might provide a reference for price range of converted shares. IMO, with margins on the hardware side dropping quickly, a converted security would probably be most profitable (at least in the short/mid term and possibly long term).
Anyway, Tytus is busy getting the current mine deployed, so he probably won't consider conversion until the mine is deployed (with the additional 100TH this might take a while).
Thats indeed a strange setting and i agree that the possibility that founders can sell all their shares anytime is not giving confidence. Together with the silence regarding reinvestments the only risk they would have then would be that the selling of all their shares would be more than the market could eat. But why should they care then when cashing out?
Im glad for the moment that i didnt invest. I think there are other projects with less doubts.
Excuse me but isnt this new divident payment only accumulating dust to my pico stocks account, costing a buttload in tx-fees when I want to move it ?
You're not paid until you cash out. Until then, the btc is in a picostock controlled address (in bulk).
Excuse me but isnt this new divident payment only accumulating dust to my pico stocks account, costing a buttload in tx-fees when I want to move it ?
Yeah, I noticed that too. 
Looks like more hardware is under test. Dividends are showing faster, curently each half hour 1BTC is droping in...
I wonder what you mean. Are you claiming the founders can sell? In fact im not really interested in your answer. You paragraph is something i would rather look away disgusted by thinking about what person would write this way.
Werent you the one that only recently wrote an article why Asicminer was a complete fail? I live from Asicminer... so now you tell me i dont understand anything... right.
Werent you the one that only recently wrote an article why Asicminer was a complete fail? I live from Asicminer... so now you tell me i dont understand anything... right.
Yes. IF they were to change the terms of the mine, then it would drive the value of the shares up. If the value goes up, so will share price. Conversion to a reinvestment/business type security works better than offering a new mine because the existing mine can be used as a basis for on-going operations. The mine gives investors confidence in the converted security because it is a tangible bitcoin producing asset.
Asicminer currently has around 37TH/s and shares on passthroughs are slightly over 2BTC (previously 4+ BTC). Although no one can predict what the market will price converted shares at (also depends on conversion terms), the current and historical price of AM might provide a reference for price range of converted shares. IMO, with margins on the hardware side dropping quickly, a converted security would probably be most profitable (at least in the short/mid term and possibly long term).
Anyway, Tytus is busy getting the current mine deployed, so he probably won't consider conversion until the mine is deployed (with the additional 100TH this might take a while).
That would only apply to normal shareholders. But the founder in fact doesnt need to bother about the shareprice. They cant sell their shares because they would crash the security this way. First because of the amount of shares they have and because it would be a very bad sign if the founder wouldnt trust in their security anymore.
So the share price is not much worth to the founder and their income.
So the share price is not much worth to the founder and their income.
It boggles me how fucking stupid you are. Seriously now, if they ever need a picture to illustrate the concept of "knot of mistaken assumptions and erroneous beliefs built out of complete theoretical ignorance reinforced with very limited and thoroughly misunderstood experience" you should volunteer yours. Absolutely the only positive contribution to the field you can make by this point.
I wonder what you mean. Are you claiming the founders can sell? In fact im not really interested in your answer. You paragraph is something i would rather look away disgusted by thinking about what person would write this way.
Werent you the one that only recently wrote an article why Asicminer was a complete fail? I live from Asicminer... so now you tell me i dont understand anything... right.
That would only apply to normal shareholders. But the founder in fact doesnt need to bother about the shareprice. They cant sell their shares because they would crash the security this way. First because of the amount of shares they have and because it would be a very bad sign if the founder wouldnt trust in their security anymore.
So the share price is not much worth to the founder and their income.
So the share price is not much worth to the founder and their income.
It boggles me how fucking stupid you are. Seriously now, if they ever need a picture to illustrate the concept of "knot of mistaken assumptions and erroneous beliefs built out of complete theoretical ignorance reinforced with very limited and thoroughly misunderstood experience" you should volunteer yours. Absolutely the only positive contribution to the field you can make by this point.
I wonder why you think so. The difference is only where you invest the returns. You could invest it in 100TH again and get 50% or invest in a private pool and get 100%. Or do i miss a point?
The big payoff is not from mining, but from share price.
That would only apply to normal shareholders. But the founder in fact doesnt need to bother about the shareprice. They cant sell their shares because they would crash the security this way. First because of the amount of shares they have and because it would be a very bad sign if the founder wouldnt trust in their security anymore.
So the share price is not much worth to the founder and their income.
Propably testing that Dave is running. We should see that at some point divis will increase and equipment will mine only for 200TH mine.
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