Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 68. (Read 470203 times)

Worst case scenarios in Bitcoin world come true all the time. I won't be surprised.

Latest report posted on Picostocks:

See how easy that was? If you'd just included the price (which would define both what you'd get and make sure investors know even better what to expect) you'd be right on the money!

Keep it up, good work!

.b

The total hashing power in chips (1.5GH/s per chip) allocated to the mine that are currently being packaged exceeds 104TH/s. We don't know the yield, but we expect no problems with the chips. We have to collect the chips from 2 packaging companies though. We will either assemble everything in USA or 50% in USA and the rest in EU depending on the offers we get from PCB assembling plants. Chips will arrive after the 7th of July from one company and beginning of July ( ) from the other. PCBs will be ready before that. The assembly of PCBs can take more than a week though :-( So we may start mining in the 3rd week of July. The installation of the assembled PCBs will be fast (1-2 days) and the data center(s) will be prepared for this.
We hope to have a prototype version of the mining device beginning of next week (>1TH/s). This device will be assembled using the small amount of chips we got in advance. We will use it to tune the mining system. We plan solo mining.

We made a big mistake assuming that the packaging of chips will not introduce substantial delays. Instead of preparing the boards in advance based on simulated (guessed) parameters of the chips we have focused this month on implementation of contingency plans for the packaging delays. We hope the investors will be satisfied anyway with the results, due to lower than estimated competition (network hash rate).

however our installation costs are substantially higher than expected due to many express production contracts (expedited packaging, PCB production or assembly is many times more expensive than if prepared in advance).

=> we will sell shares next week (at market price) to get funds for additional expenses. I have no idea how many but most likely not more than 5000 shares.

We have also no plans yet for future exploitation of the chips. We will work on the plans when the mine is deployed.

Is there an estimate on when Dave will start receiving hardware?

Thanks for the info, Bitfury. I'm still a little confused on how many total TH there was supposed to be. Was it 400TH or 200TH (and now less)?

http://zeptobars.ru/en/read/bitfury-bitcoin-mining-chip

Easier to read english

I'll leak a bit more info - there will be less total Th/s (Edited: not in 100 th/s mine though, I meant overall), also tytus is doing nice move using chip at LOWER voltage rating (getting less hashes per chip, but increasing DENSITY of setup and decreasing PCB count) :-) That allows him to use simple board and relaxes complexity for Dave to do assembly. So overall chances that 100 th/s mine will be done faster than say our hashers that we aim for higher power consumption is highly likely :-) Nice move actually. But to make it happen they still have to do everything right and in tight well-planned way. But - right now I am quite impressed with speed how it moves :-) I had worse estimations before :-)

You mean this:
http://translate.google.com/translate?sl=ru&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fhabrahabr.ru%2Fpost%2F184506%2F
?

someone needs to translate this post post: https://bitcointalksearch.org/topic/m.2565513

the google translation is awesome though.

First of all, congratulations to all involved in the 100TH project, this is amazing news!

Does the 1-2 week delay mean you expect to launch the mine around mid July instead of July 1st that was originally intended?

I saw bitfury post that there was 400TH (based on original estimates) ordered...I guess that is "more than 200TH", but if you're willing to share, I'm curious how much you over bought (luckily you did!)...e.g. how many total chips. or did you order multiple batches?

When an update?



Edit:
https://picostocks.com/docs/index/19
thx tytus

Uhm... Are you really this stupid or do you pretend in order to have one final argument?

.b

Looking through the ASIC threads the good news just keep piling up, here's hoping it stays that way!

Excellent news. Looking forward to the next report, and hopefully some pictures of the MegaBigPower setup in the coming weeks.

Please don't spread FUD and lies. The only one who freaked out was you, not Tytys. There was a good market information and all what Tytus did was throwing some shares of his own on the market to increase liquidity and prevent panic buy.

You should go back to your silly bond thread where you try to sell a 20BTC Metabank 120GHz ASIC for 400 BTC.
You are a hypocrite by pretending that you care for investors and all you really want is profit from newbies, suckers and "greater fools".

No, they cannot, because tytus may and likely will enter the market and take away that profit. It's not about what people think it is worth, it is about what tytus thinks it's worth. That's the entire argument. If he freaks out, like he's done before, then any bad news may lead him to cause people to lose money. If bitfury now says that "damn, there's something wrong, we'll need another two months" then why wouldn't tytus take that out on investors by lowering the price he thinks it's worth?

.b

dude I don't care about your personal holdings and I don't read every post of yours to scrutinize them carefully.  that post includes anyone who thinks its worth more.

There is still a market.  One of the principals is willing to sell at a certain price.  If people think its worth more, they can buy and profit.  Everything else is drama, though to be fair, its the only reason I'm in the thread right now

Ah, well, again, because it seems your ability read is challenged: I do not hold any 100TH shares. I benefit from a limit on price. tytus helps me. Financially, I would cry from joy if he dumped the price to 0.2.

If I could trust him to stay away from market manipulation, I would buy. That's why I suggested moving 100TH away from tytus' control and onto another exchange to make it a viable investment again.

.b