Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 52. (Read 470203 times)

I never really clarified that the reason I started updating this thread is due to a conversation I had with Tytus.  He was/is so busy, I suggested that I would keep you all informed.  So I guess I'm the spokesperson for now on this forum anyway.  Tytus still posts the picostocks reports.

Status of boards - as I noted before, final design bugs are ironed out and boards are in production.  Due to delays, we've increased the hashpower we will commit to this mine to 200TH.  I'm waiting to get a shipping notice from the factory - the first boards should be headed my way in 24 - 48 hours by my estimate, but I can only wait for them to ship.  Well, that and send multiple emails per day to the US VP sales.  First boards will be run for 24 hours or so in order to weed out underperforming or non-performing boards - this will all be sent to the mine.  After the August retail units are shipped, remaining boards will begin to accumulate hashpower for the mine.  I think we can put up 200TH in 30 days, but it remains to be seen what challenges there are.

The delays gave me an opportunity to jump on something for the datacenter without introducing future downtime to the mine.  I went ahead with the plan to double the power service to the building, which completed last week.  This provides quite a lot of power - 2400 amps of 208v (theoretically supporting about 500kW).  I have about 1500 amps routed out onto the floor now.  This extra power will give me some room to push the AC systems (25 tons) to the limit and see where we can max out temps.  I can add AC once I get a better sense of where the operational temperature ceiling is.

Well , i guess this is official -> 200 terra Hash/s bitcoin mine using 55nm ASIC boards.

https://picostocks.com/stocks/view/19

I think you maybe take me wrongly. I am not against this project. I just think the current stock price is too expensive. I may stay out of this stock now, but I think there's no reason for me to stay out of this thread.

Good for you, invest there and stay out of this thread, when the difference is how business is transacted, then come back.

Yes, you are right. But if this price is correct, that is 0.75B/GH. It is too expensive. DMS.MINING on BTCT only costs 0.66B/GH currently. Considering there's no delay, no electricity cost, no downtime, no any glitch for DMS MINING since it is a virtual mining bond, I think the 100TH is still over priced.

That was true at a share price of 0.04 B and bitcoin price in Feburary of around $20 for B
Stock price has gone up around 8X since then and bitcoin price by around 5X for a total
return to date of nearly 40X.

IPO says they will issue more shares if/when they wish to expand.
I will keep an eye out here in case they do.

As of right now I see a great team, a well executed plan and
a stock price that fully prices those factors in.

Which might be a risky assumption. It really would be good to have an answer on that. If no answer comes i would take it as that he wont reinvest. I mean it would have helped from the start when he stated reinvestments.
Does this security has a spokesperson other than tytus? He was logged in yesterday but didnt post anything since 1 and 1/4 months now.

And I am almost sure he will. Therefore the shares are not over valued.

This project is over half year old. Prices just went up. Free market. It will be first mine with that amount of hashing power. At least for 2-3 months. Or Tytus will announce that he will increase hashpower, then longer.

I think the first post of this thread said $4 per GH. If that was for 100TH, now should be $2 per GH.
I am not sure about the up-to-date data, but i am afraid yours could not be correct.

New guy question here. So I read the entire thread
I find the product interesting and the business plan sound but
I was wondering about the price.

As of right now the shares are trading at 0.3 bitcoins per share.

Each share is worth 0.2 GH/share and the bitcoin price is around $110 per B

So to buy 400GH of capacity I would need 2000 shares

2000 shares at 0.3B per share cost 600B

600B at 110$ each cost $66,000

When they increase it to 2000TH or 0.4GH per share that
would still be $33,000 for 400GH

I am new to this. Am I making an error in my calculations?
Or are there reasons why it is worth this much?





 

Of course not, but it might be useful for the founders to see that share holders are interested in a possible modification of the project structure and willing to forgo a percentage of early dividends for long time viability.

Im not saying that is true but if one would have the plan to own an asic layout to be able to mine with self created asics it would be a good plan to collect money with a NRE, create the design, reward the investors and at the end you have an asic layout, enough money to order chips for yourself and you can build your own farm with 100% returns for yourself.

I DONT say its the case, only think it might be possible since its not logical to create a design and let it die then. And if the issuer planned to grow it like Asicminer he would have announced it from the start to attract more investors.

Only thinking...

Besides democracy. It's self hiring  for 24/7 full time job. Not really encouraging perspective... Human is designed to have some sleep after all ;-)
But of course I'm voting for reinvesting in new hardware...

You do realize that this is not a democracy, there is no voting.

+1

I hope the above propositions are considered.

Wow, 80+ TH/s on ghash.io already. I really hope 1/200TH production comes through and can keep pumping out the boards.


+1. Not only will this give shareholders good dividends, but will also vastly increase share price (more value here than even mining...at least short term). Also, saves Tytus the trouble of creating and managing separate securities for additional mines.

I am also of the opinion that OP should take a vote or whatever needed to withhold some dividend (20% or so) for reinvestment if he can acquire hash rate at wholesale cost. Why stop at 200TH?

Yeah I'm fairly certain that is Bitfury's private pool, and also what is used to test some blades for shipping to customers (mostly cause the hash rate fluctuates pretty wildly).