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Andrey
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September 25, 2013, 11:32:54 AM |
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That's fine. I'm just saying there are good higher-density options available if space becomes our constraint.
They are not available, they will be available in the future. That is not to speak about lie/fail possibility. |
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Bitweasil
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September 25, 2013, 03:00:18 PM |
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Why would they upgrade to faster chips? The business plan is pretty clear on this being a one shot effort. The change to 200TH was surprising enough...
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-Redacted-
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September 25, 2013, 03:13:22 PM |
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Unfortunately, in dividend terms, 130 TH in "another couple of weeks" isn't worth nearly as much as an extra 50 Th, right now, today.
At the rate things (difficulty increases) are going, 200TH isn't even going to cover electrical costs by the end of Q1 2014 (which is rapidly approaching.)
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Isokivi
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September 25, 2013, 03:44:08 PM |
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Unfortunately, in dividend terms, 130 TH in "another couple of weeks" isn't worth nearly as much as an extra 50 Th, right now, today.
At the rate things (difficulty increases) are going, 200TH isn't even going to cover electrical costs by the end of Q1 2014 (which is rapidly approaching.)
Overclocking bitfury equipment has a proven yield of +20 - 50% in terms of hashing power. So there could be more to the 200Th endgame than currently precieved. |
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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-Redacted-
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September 25, 2013, 03:48:20 PM |
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My picostock dividend account certainly hopes so  |
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kaerf
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September 25, 2013, 07:12:02 PM |
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Yes, they do exist. There are several hundred HashFast chips in the world.
TSMC just finished their metalization, which is step 33 of 147 and the part that takes the longest.
HashFast will get the chips on the week of October 20th.
That doesn't count as exists, sorry. But great news, thank you. It's just that investors don't want to wait for November to upgrade the mine. We have hopes of hitting 200TH before that. That's fine. I'm just saying there are good higher-density options available if space becomes our constraint. I don't think physical space is the problem. It's the power draw...and bitfury and hashfast are comparable. |
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kaerf
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September 25, 2013, 07:14:06 PM |
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This address generated 251 BTC, paid 100 BTC to mine and holds 150 BTC, why it holds ? With self-mined coins, you have to wait for 100 confirmations for the coins to mature, so you can't move the coins right away. However, there are some coins that have matured but have not moved to the dividend address. Maybe it's a manual process right now. |
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Dexter770221
Legendary
 Offline
Activity: 1029
Merit: 1000
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September 25, 2013, 07:31:58 PM |
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....
Maybe it's a manual process right now.
Looks like it, becuse all coins matured from that address. There's also two solved blocks from old address but still not 100 confirmations. Either way there's very strange things going arround. 6% network posession and not single block income in MANY hours... |
Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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kaerf
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September 25, 2013, 07:55:05 PM |
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....
Maybe it's a manual process right now.
Looks like it, becuse all coins matured from that address. There's also two solved blocks from old address but still not 100 confirmations. Either way there's very strange things going arround. 6% network posession and not single block income in MANY hours... there have been a couple of blocks mined directly to 19t7RxwXdfiwQMyQ3JVB16e9HgV7omijSs recently, so maybe they are switching back. |
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-Redacted-
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September 25, 2013, 09:29:54 PM |
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....
Maybe it's a manual process right now.
Looks like it, becuse all coins matured from that address. There's also two solved blocks from old address but still not 100 confirmations. Either way there's very strange things going arround. 6% network posession and not single block income in MANY hours... That's not surprising. Even BTCGuild - over 400 Th/s - can go 6 hours or longer without finding a block sometimes. Slush is larger than 100TH, and they go 14 hours without a block once or twice per week, and have blocks that take over 7 hours to find almost daily... |
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Kushedout
Legendary
Offline
Activity: 1123
Merit: 1000
SaluS - (SLS)
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September 26, 2013, 12:41:16 AM |
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Unfortunately, in dividend terms, 130 TH in "another couple of weeks" isn't worth nearly as much as an extra 50 Th, right now, today.
At the rate things (difficulty increases) are going, 200TH isn't even going to cover electrical costs by the end of Q1 2014 (which is rapidly approaching.)
Overclocking bitfury equipment has a proven yield of +20 - 50% in terms of hashing power. So there could be more to the 200Th endgame than currently precieved. They have been overclocking as they deploy. They are not going to deploy 200th worth of equipment then overclock after. It's cheaper for them to meet the goal this way. |
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buzzdave
VIP
Sr. Member
Offline
Activity: 472
Merit: 250
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September 26, 2013, 02:19:00 AM |
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Unfortunately, in dividend terms, 130 TH in "another couple of weeks" isn't worth nearly as much as an extra 50 Th, right now, today.
At the rate things (difficulty increases) are going, 200TH isn't even going to cover electrical costs by the end of Q1 2014 (which is rapidly approaching.)
Overclocking bitfury equipment has a proven yield of +20 - 50% in terms of hashing power. So there could be more to the 200Th endgame than currently precieved. They have been overclocking as they deploy. They are not going to deploy 200th worth of equipment then overclock after. It's cheaper for them to meet the goal this way. Not true (we are not overclocking as we deploy) |
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Dexter770221
Legendary
Offline
Activity: 1029
Merit: 1000
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September 26, 2013, 05:35:51 AM |
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Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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tinyfox266
Member
Offline
Activity: 67
Merit: 10
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September 26, 2013, 09:33:21 AM |
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Funny thing, isn't?
When mine was not operational and even there wasn't working chips, then prices of share were increasing. Now when mine starts to operate and increasing dividends, poeople panicly selling.
The big fish starts to dump. https://picostocks.com/stocks/view/19 the user called Wic8. |
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tarmi
Legendary
Offline
Activity: 1232
Merit: 1011
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September 26, 2013, 09:36:34 AM |
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7 blocks in 12 hours, not bad.
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Dexter770221
Legendary
Offline
Activity: 1029
Merit: 1000
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September 26, 2013, 10:37:05 AM |
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7 blocks in 12 hours, not bad.
But those blocks have some problems to jump into wallet... |
Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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tinyfox266
Member
Offline
Activity: 67
Merit: 10
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September 26, 2013, 12:34:35 PM |
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So it is. How do you discover it? It is not easy to track it. |
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Dexter770221
Legendary
Offline
Activity: 1029
Merit: 1000
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September 26, 2013, 12:46:47 PM
Last edit: September 26, 2013, 01:20:25 PM by Dexter770221 |
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Bot it's easy to discover. When you place an order (bid or ask) little bit over bots order then before you refresh page you will see new orders just little over your fresh 0.5 sec order. No one acts that fast, only bots  Tracking transactions between wallets is simple, it's the whole idea of blockchain, and whole info about accounts and corresponding wallets is avaivable on pico. Meantime 7 block awaits 100 confirmations and one should be in mine wallet long time ago. Dave, Tytus can you explain to us what is wrong? |
Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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kaerf
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September 26, 2013, 05:22:59 PM |
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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
bump. still wondering about the fees. the business plan says $5k USD, but that has probably changed now. |
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