Instead of using USD, can I purchase shares with BTC instead?
In before
Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 74. (Read 470140 times)
In before
Instead of using USD, can I purchase shares with BTC instead?
It ships on the 10th. He has 5 days to receive it and test it. Seems like he only expected 1 day to test it before the delay. 4 day shipping, go go go.
In terms of the bet, he has one day to test it and get an independent and respected community member to review. That might be cutting it awefully close...
I'm not a gambling man, but I'm not sure I would bet that he makes it.
.b
Code:
Chip packaging delay
The packaging facility will ship the chips on 2013-06-10. We have 2 weeks delay :-(
Created on 2013-06-04 15:44:00 by Leszek Rychlewski; Published on 2013-06-04 15:45:33 by koji;
Ouch... What does this mean for the Bitbet thing from Bitfury? Is it even possible that the bet can still be Yes? From what I read, only the public demo must be announced two weeks in advance, but a private confirmation can come at any time, so perhaps there is still hope for Yes-betters?
.b
It ships on the 10th. He has 5 days to receive it and test it. Seems like he only expected 1 day to test it before the delay. 4 day shipping, go go go.
Code:
Chip packaging delay
The packaging facility will ship the chips on 2013-06-10. We have 2 weeks delay :-(
Created on 2013-06-04 15:44:00 by Leszek Rychlewski; Published on 2013-06-04 15:45:33 by koji;
Ouch... What does this mean for the Bitbet thing from Bitfury? Is it even possible that the bet can still be Yes? From what I read, only the public demo must be announced two weeks in advance, but a private confirmation can come at any time, so perhaps there is still hope for Yes-betters?
.b
Code:
Chip packaging delay
The packaging facility will ship the chips on 2013-06-10. We have 2 weeks delay :-(
Created on 2013-06-04 15:44:00 by Leszek Rychlewski; Published on 2013-06-04 15:45:33 by koji;
I guess the part I am trying to understand is what evidence do we have that indicates 100TH will deploy before Metabank ships their 120G miner? Is 100TH simply hosting tons of the same product that is going for preorder at the moment or are we talking about something very different, thus the potential early deployment?
Thanks
Thanks
I'm not sure when metabank will get their chips, but they are getting them from tytus et al.
If metabank gets the chips at the same time (or very soon after) as 100th, then I guess it could be a race to see who is able to assemble their hardware faster. I don't know how Metabank will package their ASICS, but 100th doesn't need to put things into a pretty box, so this could potentially give 100th a slight edge.
/speculation
Metabank definitely offers a good price, but 100th offers ( a little bit of ) liquidity.
I missed how this all began but I always assumed Bitfury made a deal with the 100TH guys to create chip for them, 100TH manufactures 100TH in their Taiwan factory for themselves, then for Metabank to sell on behalf of Bitfury. Kind of like you scratch my back, I'll scratch yours.
I guess the part I am trying to understand is what evidence do we have that indicates 100TH will deploy before Metabank ships their 120G miner? Is 100TH simply hosting tons of the same product that is going for preorder at the moment or are we talking about something very different, thus the potential early deployment?
Thanks
Thanks
I'm not sure when metabank will get their chips, but they are getting them from tytus et al.
If metabank gets the chips at the same time (or very soon after) as 100th, then I guess it could be a race to see who is able to assemble their hardware faster. I don't know how Metabank will package their ASICS, but 100th doesn't need to put things into a pretty box, so this could potentially give 100th a slight edge.
/speculation
Metabank definitely offers a good price, but 100th offers ( a little bit of ) liquidity.
I guess the part I am trying to understand is what evidence do we have that indicates 100TH will deploy before Metabank ships their 120G miner? Is 100TH simply hosting tons of the same product that is going for preorder at the moment or are we talking about something very different, thus the potential early deployment?
Thanks
Thanks
100th will be the first.
100TH - July
Metabank miner - August-October (?)
100TH - July
Metabank miner - August-October (?)
I may have missed this but what is the relationship between this project and the Metabank 120G pre order that is going on right now? Are we talking about the same timeline or this is going to be online sooner? I am deciding which one I should invest.
100TH is a mine
Metabank is a miner
What a difference an r makes :-)
Both use Bitfury's ASICs, though.
.b
I may have missed this but what is the relationship between this project and the Metabank 120G pre order that is going on right now? Are we talking about the same timeline or this is going to be online sooner? I am deciding which one I should invest.
Thanks
Thanks
статус когда нам доставят микросхемы думаю узнаю завтра-послезавтра, надеюсь на неделе получим.
At this weekAh, thanks!
In other news, 100TH was listed as the second most desired Bitcoin asset last week on Reddit:
http://www.reddit.com/r/BitcoinStocks/wiki/rbs3
.b
interesting survey, but pretty small sample size. 100th is 2nd with 2 votes :p. The other interesting fact is that none of the people surveyed said they owned 100th.
статус когда нам доставят микросхемы думаю узнаю завтра-послезавтра, надеюсь на неделе получим.
At this weekAh, thanks!
In other news, 100TH was listed as the second most desired Bitcoin asset last week on Reddit:
http://www.reddit.com/r/BitcoinStocks/wiki/rbs3
.b
статус когда нам доставят микросхемы думаю узнаю завтра-послезавтра, надеюсь на неделе получим.
At this week Tytus,
According to https://bitcointalksearch.org/topic/bitfury-metabank-asic-120-ghs-my-intermediary-services-221200, Metabank and Bitfury have started accepting orders for their miners. Is it safe to assume based on that post that this means Bitfury has tested the chips and they are working?
.b
According to https://bitcointalksearch.org/topic/bitfury-metabank-asic-120-ghs-my-intermediary-services-221200, Metabank and Bitfury have started accepting orders for their miners. Is it safe to assume based on that post that this means Bitfury has tested the chips and they are working?
.b
Google Translate:
I can say that 99.9% of the chip will have no problems with power supply and shreds
I don't know enough about chip design to fully understand whether this is the test for failure that was pending until now, but this at least to me seems like good news. I know performance still needs to be tested.
Can someone fluent in Russian and English please read that post and see what is actually being said?
We're really eager for an official update from 100TH...
.b
Tytus,
According to https://bitcointalksearch.org/topic/bitfury-metabank-asic-120-ghs-my-intermediary-services-221200, Metabank and Bitfury have started accepting orders for their miners. Is it safe to assume based on that post that this means Bitfury has tested the chips and they are working?
.b
According to https://bitcointalksearch.org/topic/bitfury-metabank-asic-120-ghs-my-intermediary-services-221200, Metabank and Bitfury have started accepting orders for their miners. Is it safe to assume based on that post that this means Bitfury has tested the chips and they are working?
.b
Code:
If the chips fail to meet the expected performance the manufacturer will provide the mine
with additional boards to achieve the expected hashrate of 100TH/s (or 0.2GH/s per
raised 1USD). If the chips fail to achieve the expected power efficiency the manufacturer
will renegotiate the management deal with the hosting data center and compensate the
100TH-mine project for the losses. If the chips fail completely a substantial delay in
mining will occur. The manufacturer will undertake an effort to reimburse the investors
not only for the invested capital but also for the lost income up to the level of 10 USD per
invested 5 USD
I don't know who in his right mind imagines such fantasy is worth the forum paper it's printed on. With what money will a manufacturer that blew its product compensate investors "not only for capital but also for "lost" income"? If it didn't need the capital to build the chip it wouldn't need the investors. If it spends the capital on building the chip it has nothing left over to compensate anyone. Look at bASIC (this guy's previous pseudo"investment"), look at BFL, look wherever you want. This "we invest and if things go well we make bank yet if things go badly we get everything back plus more" doesn't exist outside of Kramerica Industries.
Even my analysis doesn't account for the possibility that BFL or Avalon remains off the market for a long time. We know they are shipping _something_ but we don't have any real numbers and don't know the long-term feasibility of their deliveries. Someone may be excused for speculating that neither of those vendors will not deliver by October, in which case the current share price is a steal.
And this is something that we all need to keep adjusting in our calculations. I made some projections weeks (months?) ago about the potential earnings for 100TH. The projections have changed dramatically since BFL/Avalon have delayed and AM is not being aggressive with their rollout. My current projections are nearly double of what I initially calculated.
IF 100TH can meet their projected timelines, the price is still good (of course this all depends on what kind of ROI you want and how fast you want).
FWIW, I don't think projecting more than 24 months out makes any sense. IMO, the earnings curve quickly plateaus starting around 18 months from now.
As with anything. Risk is definitely taken into account at the current price I think.
..............Of course, if Bitfury comes back tomorrow and says "Sorry, we messed up and the chips don't work" then the current price, or any price, is a complete loss. ..
Not a complete loss because the chip order is insured.
Code:
If the chips fail to meet the expected performance the manufacturer will provide the mine
with additional boards to achieve the expected hashrate of 100TH/s (or 0.2GH/s per
raised 1USD). If the chips fail to achieve the expected power efficiency the manufacturer
will renegotiate the management deal with the hosting data center and compensate the
100TH-mine project for the losses. If the chips fail completely a substantial delay in
mining will occur. The manufacturer will undertake an effort to reimburse the investors
not only for the invested capital but also for the lost income up to the level of 10 USD per
invested 5 USD
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