All shares on the market were paid for in BTC at the IPO, as far as I know, so if the managing team want to reap some profits from their own investment by selling the shares they've invested BTC themselves in, go ahead. They even post them at the bullish side and publish the posting.
It is already a bit overpriced, since you get only a fixed 200 Mhash/s for 0.4 BTC, while there's nothing but risks at the moment. But the herd will stampede it up and up and up, till the last suckers can only go down from the top. All welcome, I'll appreciate the coming trading volume on and attention brought to PicoStocks, as ordinary shareholder.
Anyway, good luck on the journey to the 1.0 BTC mark and the MT in exploiting the 100th mine. Sounds somewhat less exotic these days than at the start of the year.
Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 72. (Read 470140 times)
As a result of the recent move by Picostocks and its owners, I've felt the need to update my articles on stock exchanges and 100TH.
Here's my updated warning on the "Where to buy Bitcoin and Litecoin Shares" http://coin.furuknap.net/where-to-buy-bitcoin-and-litecoin-shares/:
From the analysis of 100TH compared to ASICMiner (http://coin.furuknap.net/can-100th-really-be-the-next-asicminer/), I've added this text:
This really too a turn for the absolute worst, and to be honest, I feel betrayed by Tytus and the 100TH/Picostocks team.
.b
Here's my updated warning on the "Where to buy Bitcoin and Litecoin Shares" http://coin.furuknap.net/where-to-buy-bitcoin-and-litecoin-shares/:
Quote
Update: A word of warning, though, and a clear indication of how unregulated the Bitcoin stock market is. When a certain piece of good news comes through on Picostocks, the stock exchange itself has a tendency to dump large amounts of shares in the market, preventing any reward for risk-taking on this exchange.
As such, I cannot really recommend anyone investing on Picostocks.com as you can be certain that the reward you would normally get for accepting risk will be taken away.
As such, I cannot really recommend anyone investing on Picostocks.com as you can be certain that the reward you would normally get for accepting risk will be taken away.
From the analysis of 100TH compared to ASICMiner (http://coin.furuknap.net/can-100th-really-be-the-next-asicminer/), I've added this text:
Quote
Update: I’ve felt the need to add a very real risk on June 14 following a very strange move from the stock exchange at which 100TH trades. Please read on, and I’m sorry to say this is not as much a risk as a serious issue with an unregulated market now made manifest by Picostocks.
Market Manipulation
Picostocks, the stock exchange on which 100TH is traded, has a track record of market price manipulation whenever there are good news regarding 100TH. The price manipulation is done by dumping large amounts of shares on the market just above or even below current trading prices, preventing investors who takes huge risks from getting huge rewards from those risks.
Effectively, this kills off 100TH as an investment to me. As any experienced investor will know, you balance risk against potential reward, and usually expect a large risk to come with the potential for a large reward. With Picostocks manipulation and dumping of shares, this isn’t really the case anymore and investors only carry the risk without the potential reward.
Note: Picostocks is run by the same people that run 100TH. In fact, all the assets on Picostocks are run by the same people.
Tytus, the CEO of the operation, promised after the first dump in May to give advance notice to the market before dumping shares. However, on June 14, 2013, he broke that promise by putting up a massive dump of shares right after 100TH announced that the chips had shipped from the factory.
Of course, even when 100TH starts mining, there is no guarantee that this price manipulation will cease, so I’m sorry to say, this no longer is a viable asset to me.
Market Manipulation
Picostocks, the stock exchange on which 100TH is traded, has a track record of market price manipulation whenever there are good news regarding 100TH. The price manipulation is done by dumping large amounts of shares on the market just above or even below current trading prices, preventing investors who takes huge risks from getting huge rewards from those risks.
Effectively, this kills off 100TH as an investment to me. As any experienced investor will know, you balance risk against potential reward, and usually expect a large risk to come with the potential for a large reward. With Picostocks manipulation and dumping of shares, this isn’t really the case anymore and investors only carry the risk without the potential reward.
Note: Picostocks is run by the same people that run 100TH. In fact, all the assets on Picostocks are run by the same people.
Tytus, the CEO of the operation, promised after the first dump in May to give advance notice to the market before dumping shares. However, on June 14, 2013, he broke that promise by putting up a massive dump of shares right after 100TH announced that the chips had shipped from the factory.
Of course, even when 100TH starts mining, there is no guarantee that this price manipulation will cease, so I’m sorry to say, this no longer is a viable asset to me.
This really too a turn for the absolute worst, and to be honest, I feel betrayed by Tytus and the 100TH/Picostocks team.
.b
Ok, I will not place any more sell orders before the mining starts but please don't let the price go up to some insane level. Of course there are always people who can not do the math and forget that the price has to go down to (close to) 0 at some time [this is different than in case of other (regular) stocks], but why batten on them.
This is a good idea. I will report the desire to sell shares at some price 48h before I place the order.
UGH! 
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 
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.
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
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
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 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
¿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)
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.
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;
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
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 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;
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...
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.
Time is of the essence here. Some updates wouldn't hurt.
About agent:
https://bitcointalksearch.org/topic/m.2452981
https://bitcointalksearch.org/topic/m.2452981
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.
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...
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...
Agent was probably lost in Taiwan
Oh dear! Time to send in the Bitcoin Police!
Agent was probably lost in Taiwan
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?
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