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Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 466237 times)
Isokivi
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September 21, 2013, 06:57:32 PM
 #1041

Id like to once again protest the choise of mining venue:

As a shareholder: btcguilds 4% fee is theft, from my pocket.
As a bitcoin entrepeneur: your participating in growing my risk regarding double spends.
As a miner: Your undermining the whole concept of a decentralised currency.
As a bitcoin holder/believer/saver: You are participating in putting a large portion of my savings at a constant risk.

Just cut the explanations, solomine or swap pool, please!

I'd sell or destroy my shares if it'd take the eqvalent hashrate off btcguild.

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September 21, 2013, 07:00:45 PM
 #1042




Not hardware, but optimizing will continue (swapping out bad cards, tweaking rigs, etc.)  We want to run every rig at 400G, which would give us 65TH even now.  More hardware deploys next week - I expect we'll surpass the original 100TH goal.

Current stats are low due to a little issue at the pool, resolved, no shares were missed.

Dave, when 100TH / s? BTCGuild shows ~ 48TH / s (less than a week ago).
Tytus, can you write what happens? I do not like speculation.
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September 21, 2013, 10:27:11 PM
 #1043

Id like to once again protest the choise of mining venue:

As a shareholder: btcguilds 4% fee is theft, from my pocket.
As a bitcoin entrepeneur: your participating in growing my risk regarding double spends.
As a miner: Your undermining the whole concept of a decentralised currency.
As a bitcoin holder/believer/saver: You are participating in putting a large portion of my savings at a constant risk.

Just cut the explanations, solomine or swap pool, please!

I'd sell or destroy my shares if it'd take the eqvalent hashrate off btcguild.

This word, "theft" does not mean what you think it means.

You would prefer 100TH gambles with our money on a high variance pool instead?

Perhaps we could compromise by using a lower fee pool, but that lower fee would be more than cancelled out by the lower reliability.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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kaerf
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September 21, 2013, 10:34:57 PM
 #1044

Dave, Tytus, Jared, can you provide an estimate on when you expect to reach 100TH/s and 200TH/s? We are getting into the later part of September now and I think most of us expected the first 100TH to be online by this time. Also, raw dividend rates do not match hash rate..the highest 24hr average I've seen is ~55TH/s. Is the mine experiencing ongoing hardware/network problems?

Are hosting/maintenance fees being deducted from each dividend payment? I see there is about a 2% difference between dividend payouts and raw mining income. Can we get some clarification/updates on how fees are being taken out?

thanks
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September 22, 2013, 12:18:33 AM
 #1045

Dave, Tytus, Jared, can you provide an estimate on when you expect to reach 100TH/s and 200TH/s? We are getting into the later part of September now and I think most of us expected the first 100TH to be online by this time. Also, raw dividend rates do not match hash rate..the highest 24hr average I've seen is ~55TH/s. Is the mine experiencing ongoing hardware/network problems?

Are hosting/maintenance fees being deducted from each dividend payment? I see there is about a 2% difference between dividend payouts and raw mining income. Can we get some clarification/updates on how fees are being taken out?

thanks

No one will answer your question ,cause they are all gone .september is almost over,we still at 50TH.

                               
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goxed
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September 22, 2013, 01:27:27 AM
 #1046

on a sidenote, https://ghash.io bitfury pool reaches 200TH

Looking to review Bitcoin / Crypto mining Hardware.
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September 22, 2013, 04:29:20 AM
 #1047

This word, "theft" does not mean what you think it means.

You would prefer 100TH gambles with our money on a high variance pool instead?

Perhaps we could compromise by using a lower fee pool, but that lower fee would be more than cancelled out by the lower reliability.
Yes I would prefer even the "gamble" of solo mining to the massive single point of failure that has been built around eluthrias integrity and physical safety. Tbh with the network as it currently stands eluthria should not be in the same elevator with himself.

The lower fee would not be canceled by the "lower reliability" variance does even out over time.

Bitcoin trinkets now on my online store: btc trinkets.com <- Bitcoin Tiepins, cufflinks, lapel pins, keychains, card holders and challenge coins.
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September 22, 2013, 05:32:44 AM
 #1048

This word, "theft" does not mean what you think it means.

You would prefer 100TH gambles with our money on a high variance pool instead?

Perhaps we could compromise by using a lower fee pool, but that lower fee would be more than cancelled out by the lower reliability.
Yes I would prefer even the "gamble" of solo mining to the massive single point of failure that has been built around eluthrias DeepBit integrity and physical safety. Tbh with the network as it currently stands eluthria DeepBit should not be in the same elevator with himself.

The lower fee would not be canceled by the "lower reliability" variance does even out over time.

2011 called, wants its FUD back.    Smiley

Antifragile. Look it up.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Isokivi
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September 22, 2013, 05:39:52 AM
 #1049

This word, "theft" does not mean what you think it means.

You would prefer 100TH gambles with our money on a high variance pool instead?

Perhaps we could compromise by using a lower fee pool, but that lower fee would be more than cancelled out by the lower reliability.
Yes I would prefer even the "gamble" of solo mining to the massive single point of failure that has been built around eluthrias DeepBit integrity and physical safety. Tbh with the network as it currently stands eluthria DeepBit should not be in the same elevator with himself.

The lower fee would not be canceled by the "lower reliability" variance does even out over time.

2011 called, wants its FUD back.    Smiley

Antifragile. Look it up.
So your saying that eluthria being compromised so that the guilds hashrate could be exploted to launch double spends would not affect the exchange, adoption and userates of bitcoin.
Btw will you be doing something similiarry stoopid with the Ice drill ? I'd like to know now so I can dump my shares before you also start chucking turd at the fan.

Bitcoin trinkets now on my online store: btc trinkets.com <- Bitcoin Tiepins, cufflinks, lapel pins, keychains, card holders and challenge coins.
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September 22, 2013, 05:46:31 AM
 #1050

How will Buzzdave comply with the Anti-Money-Laundering statutes, since he does not require any verification of who is investing her?
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September 22, 2013, 05:54:55 AM
 #1051

This word, "theft" does not mean what you think it means.

You would prefer 100TH gambles with our money on a high variance pool instead?

Perhaps we could compromise by using a lower fee pool, but that lower fee would be more than cancelled out by the lower reliability.
Yes I would prefer even the "gamble" of solo mining to the massive single point of failure that has been built around eluthrias DeepBit integrity and physical safety. Tbh with the network as it currently stands eluthria DeepBit should not be in the same elevator with himself.

The lower fee would not be canceled by the "lower reliability" variance does even out over time.

2011 called, wants its FUD back.    Smiley

Antifragile. Look it up.
So your saying that eluthria being compromised so that the guilds hashrate could be exploted to launch double spends would not affect the exchange, adoption and userates of bitcoin.
Btw will you be doing something similiarry stoopid with the Ice drill ? I'd like to know now so I can dump my shares before you also start chucking turd at the fan.

You still need to google 'antifragile + bitcoin.'

I just got several thousand more IceDrill shares at the very low price of 0.001!  I'm very happy about it, thanks for reminding me.   Grin


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
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September 22, 2013, 03:12:05 PM
 #1052

Hm... Asicminer shares normally are priced that high that one could make 25% over a year. This share here now has 100% div in a year. I see a difference to asicminer but still i dont like the shareprice actually. If they had 200TH now already it would be 400% per year. I hope they get it done and that this security is found by more investors. Since they seem to mine already. Thats more than other securities can say.

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September 22, 2013, 03:36:49 PM
 #1053

Quote
I hope they get it done and that this security is found by more investors.
Yes, but that picostocks.com platform is so confusing, I still can't find my way around!
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September 22, 2013, 06:09:06 PM
 #1054


 
100th : Reports     https://picostocks.com/docs/index/19
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September 22, 2013, 06:27:38 PM
 #1055


 
100th : Reports     https://picostocks.com/docs/index/19
Yay, solomining partially commenced Smiley Thank you guys.

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September 22, 2013, 07:58:46 PM
 #1056

Hm... Asicminer shares normally are priced that high that one could make 25% over a year. This share here now has 100% div in a year. I see a difference to asicminer but still i dont like the shareprice actually. If they had 200TH now already it would be 400% per year. I hope they get it done and that this security is found by more investors. Since they seem to mine already. Thats more than other securities can say.

AM is selling blades at ~4 BTC/10GH.

This security represents 100TH, i.e., 10,000 blades worth of hashpower. That would cost 40,000 BTC to buy.

Market cap:   120526.04077839 BTC

This is provably overvalued. You are getting a 3x better deal by buying ASICMiner blades, and you are likely to lose money on those too.

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September 22, 2013, 08:00:43 PM
 #1057

Hm... Asicminer shares normally are priced that high that one could make 25% over a year. This share here now has 100% div in a year. I see a difference to asicminer but still i dont like the shareprice actually. If they had 200TH now already it would be 400% per year. I hope they get it done and that this security is found by more investors. Since they seem to mine already. Thats more than other securities can say.

AM is selling blades at ~4 BTC/10GH.

This security represents 100TH, i.e., 10,000 blades worth of hashpower. That would cost 40,000 BTC to buy.

Market cap:   120526.04077839 BTC

This is provably overvalued. You are getting a 3x better deal by buying ASICMiner blades, and you are likely to lose money on those too.

This security is going to be 200TH not 100
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September 22, 2013, 08:02:04 PM
 #1058

Hm... Asicminer shares normally are priced that high that one could make 25% over a year. This share here now has 100% div in a year. I see a difference to asicminer but still i dont like the shareprice actually. If they had 200TH now already it would be 400% per year. I hope they get it done and that this security is found by more investors. Since they seem to mine already. Thats more than other securities can say.

AM is selling blades at ~4 BTC/10GH.

This security represents 100TH, i.e., 10,000 blades worth of hashpower. That would cost 40,000 BTC to buy.

Market cap:   120526.04077839 BTC

This is provably overvalued. You are getting a 3x better deal by buying ASICMiner blades, and you are likely to lose money on those too.

This security is going to be 200TH not 100

Still overvalued by the same math. The blades are just 1.5x cheaper. And we haven't discussed whether those are a good deal, just that they're a better one.

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September 22, 2013, 08:02:36 PM
 #1059

Hm... Asicminer shares normally are priced that high that one could make 25% over a year. This share here now has 100% div in a year. I see a difference to asicminer but still i dont like the shareprice actually. If they had 200TH now already it would be 400% per year. I hope they get it done and that this security is found by more investors. Since they seem to mine already. Thats more than other securities can say.

AM is selling blades at ~4 BTC/10GH.

This security represents 100TH 200TH, i.e., 10,000 20,000 blades worth of hashpower. That would cost 40,000 80,000 BTC to buy.

Market cap:   120526.04077839 BTC

This is provably overvalued. You are getting a 3x 1.5x better deal by buying ASICMiner blades without accounting for electricity charges, and you are likely to lose money on those too.
FTFY

Looking to review Bitcoin / Crypto mining Hardware.
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September 22, 2013, 08:02:53 PM
 #1060

Hm... Asicminer shares normally are priced that high that one could make 25% over a year. This share here now has 100% div in a year. I see a difference to asicminer but still i dont like the shareprice actually. If they had 200TH now already it would be 400% per year. I hope they get it done and that this security is found by more investors. Since they seem to mine already. Thats more than other securities can say.

AM is selling blades at ~4 BTC/10GH.

This security represents 100TH, i.e., 10,000 blades worth of hashpower. That would cost 40,000 BTC to buy.

Market cap:   120526.04077839 BTC

This is provably overvalued. You are getting a 3x better deal by buying ASICMiner blades, and you are likely to lose money on those too.

200TH, right... but the rest you said is the problem one has when you only create a mining ipo instead an ipo that owns its on asic and will grow the mine over time... *sigh* learning money i guess...

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