[PicoStocks] 100TH/s bitcoin mine [100th] - page 72.

circuitry

member

Activity: 61

Merit: 10

Quote from: furuknap on June 14, 2013, 09:35:44 AM

Quote from: yuchuanzhen on June 14, 2013, 09:09:26 AM

Quote

To improve liquidity and prevent huge price fluctuations Pico (https://picostocks.com/users/view/23) will set now an ask order at 0.4BTC, which is above the current trading price and above the all-time-high price.

This is terrible Angry

I'm out. Thanks for the ride, but this really kills the asset as an investment and is a serious blow to Picostocks as a platform.

.b

Me and several other people I know heard about the 100TH project thanks to furuknap's post. It echoed both on Bitcointalk and Reddit, and probably brought more than a few investors on board. Reading this is, frankly, a bit disturbing. Not to raise any alarms, but if the real reason behind Picostocks coding their own exchange is to manipulate the market (it's called free market for a reason), well, it really sucks.

Are the big shareholders OK with this? Do they actually have ANY say on this decision?

Also I assume Picostocks are going to be radically opposed to any form of 100TH passthrough asset in any of the other exchanges, since they can't be manipulated at will.

yuchuanzhen

full member

Activity: 234

Merit: 100

Quote from: furuknap on June 14, 2013, 09:40:20 AM

Quote from: HeRetiK on June 14, 2013, 09:27:49 AM

i think the 0.4 BTC ask wall is a fair move. there's already more than enough unfounded speculation going on and an ask wall at 0.4BTC gives still enough headroom for profit if you're only in it to speculate with shares.

Either you have no idea how a stock market works or you're just trying to further manipulate the market. This isn't a fair move, it is a catastrophe.

I'm happy I got a good rise from my 'investment' but when I'm held back in the potential reward I can get in an open market simply because the issuer doesn't think the market knows what it's doing and want to control that, I can't be on board anymore. I'm taking my profits and walking out.

I really can't see why people would want to invest more risk into this asset as it's clear that their reward for doing so will be taken away by the exchange.

.b

As I know,only China Gov does this kind of thing. Roll Eyes

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: HeRetiK on June 14, 2013, 09:27:49 AM

i think the 0.4 BTC ask wall is a fair move. there's already more than enough unfounded speculation going on and an ask wall at 0.4BTC gives still enough headroom for profit if you're only in it to speculate with shares.

Either you have no idea how a stock market works or you're just trying to further manipulate the market. This isn't a fair move, it is a catastrophe.

I'm happy I got a good rise from my 'investment' but when I'm held back in the potential reward I can get in an open market simply because the issuer doesn't think the market knows what it's doing and want to control that, I can't be on board anymore. I'm taking my profits and walking out.

I really can't see why people would want to invest more risk into this asset as it's clear that their reward for doing so will be taken away by the exchange.

.b

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: yuchuanzhen on June 14, 2013, 09:09:26 AM

Quote

To improve liquidity and prevent huge price fluctuations Pico (https://picostocks.com/users/view/23) will set now an ask order at 0.4BTC, which is above the current trading price and above the all-time-high price.

This is terrible Angry

I agree, I would have thought the issuer would have learned from last time, but apparently market manipulation is on the agenda in the foreseeable future.

We've run huge, huge risks by investing, not knowing whether the stock will crash to zero at any time. Now that it seems more likely the investors can get the reward for such a risk, the issuer or the stock exchange goes out and kills off the reward.

It's not terrible, it's a disaster. Really sad, this was such a promising venture. I'm out. Thanks for the ride, but this really kills the asset as an investment and is a serious blow to Picostocks as a platform.

.b

Andrey

hero member

Activity: 588

Merit: 500

Quote from: circuitry on June 14, 2013, 09:26:47 AM

¿Are those 217 chips a significant part of the total hashpower, or just a tiny test batch? ¿In case the chips are fine, will they be part of the 100TH mine or are they still "rough" material?

each chip is about 5gh/s, so 217 chips is about 1TH (about 0.007 of total network hashrate)

HeRetiK

legendary

Activity: 3150

Merit: 2185

Top-tier crypto casino and sportsbook

i think the 0.4 BTC ask wall is a fair move. there's already more than enough unfounded speculation going on and an ask wall at 0.4BTC gives still enough headroom for profit if you're only in it to speculate with shares.

circuitry

member

Activity: 61

Merit: 10

Quote from: Dexter770221 on June 14, 2013, 06:37:49 AM

Quote

217 chips have been received from the packaging factory in Taiwan few minutes ago. We will start testing the chips in 2-3 hours from now.
To improve liquidity and prevent huge price fluctuations Pico (https://picostocks.com/users/view/23) will set now an ask order at 0.4BTC, which is above the current trading price and above the all-time-high price.
Created on 2013-06-14 12:57:00 by Leszek Rychlewski; Published on 2013-06-14 13:05:22 by koji;

So, good news and bad news...
I hope that chips will work and that 5k share wall will disapear quickly...

¿Are those 217 chips a significant part of the total hashpower, or just a tiny test batch? ¿In case the chips are fine, will they be part of the 100TH mine or are they still "rough" material?

I have so many questions Cheesy

yuchuanzhen

full member

Activity: 234

Merit: 100

Quote

To improve liquidity and prevent huge price fluctuations Pico (https://picostocks.com/users/view/23) will set now an ask order at 0.4BTC, which is above the current trading price and above the all-time-high price.

This is terrible Angry

Dexter770221

legendary

Activity: 1029

Merit: 1000

Quote

217 chips have been received from the packaging factory in Taiwan few minutes ago. We will start testing the chips in 2-3 hours from now.
To improve liquidity and prevent huge price fluctuations Pico (https://picostocks.com/users/view/23) will set now an ask order at 0.4BTC, which is above the current trading price and above the all-time-high price.
Created on 2013-06-14 12:57:00 by Leszek Rychlewski; Published on 2013-06-14 13:05:22 by koji;

So, good news and bad news...
I hope that chips will work and that 5k share wall will disapear quickly...

circuitry

member

Activity: 61

Merit: 10

What is the current projection for coming online, or at least for having all the hardware ready to test in the MegaBigPower site?

Time is of the essence here. Some updates wouldn't hurt.

Dexter770221

legendary

Activity: 1029

Merit: 1000

About agent:
https://bitcointalksearch.org/topic/m.2452981

kaerf

hero member

Activity: 631

Merit: 500

After you login, goto the 100Th asset summary (https://picostocks.com/stocks/view/19). Buy/Sell will be in the top right corner of the page. I believe you need funds in order to see the options.

CtmanGer

newbie

Activity: 59

Merit: 0

Hello!

I have a problem
Where is the buy / sell button? more interested into the buy thingy

I need help... went through tread tied the zoom out zoom in suggestion ,other browsers, restarted...

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: pajak666 on June 12, 2013, 06:27:31 AM

Agent was probably lost in Taiwan

Oh dear! Time to send in the Bitcoin Police!

pajak666

hero member

Activity: 746

Merit: 502

Looking for advertising deal

Agent was probably lost in Taiwan

grimholt

member

Activity: 104

Merit: 10

Quote from: ?? on ??

Any news about the hack?

https://bitcointalksearch.org/topic/m.2432036

grimholt

member

Activity: 104

Merit: 10

Quote from: https://picostocks.com/docs/view/53 on June 9th, 2013 at 00:36:34

The packaging company postponed the delivery to 13th. We will try to convinced them that this is not a nice move :-). We understand that each day is a very big loss. They are maybe not aware of this yet so we sent our Agent to Taiwan. We will consider changing the packaging contractor.

Any news from your agent yet?

kaerf

hero member

Activity: 631

Merit: 500

the semi industry is shady as hell. they just tell you the timeframes you want to hear to get your business.

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Seems we're further delayed:

Quote

More chip delay

The packaging company postponed the delivery to 13th. We will try to convinced them that this is not a nice move :-). We understand that each day is a very big loss. They are maybe not aware of this yet so we sent our Agent to Taiwan. We will consider changing the packaging contractor.

Created on 2013-06-09 00:33:00 by Leszek Rychlewski; Published on 2013-06-09 00:36:34 by koji;

kaerf

hero member

Activity: 631

Merit: 500

Quote from: yuchuanzhen on June 08, 2013, 09:15:49 AM

Quote from: kaerf on June 08, 2013, 02:34:32 AM

FYI for those that didn't see: https://bitcointalksearch.org/topic/ann-bitfury-is-looking-for-alpha-testers-of-first-chips-free-money-here-228677
Bitfury is looking for alpha testers for independent verification of chips.

Good！！

yeah, it's good to see bitfury reaching out to the community like this...it really lends credibility to 100TH and Metabank. when tytus/bitfury start selling chips i'll be right there to put in a nice bulk order. unfortunately, the timing doesn't work out for me to help alpha test this coming week (i really wish i could).

Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 72. (Read 470203 times)