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Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 467498 times)
Dexter770221
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September 26, 2013, 12:46:47 PM
 #1121

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 Wink
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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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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kaerf
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September 26, 2013, 05:22:59 PM
 #1122

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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September 26, 2013, 06:06:09 PM
 #1123

Tytus found that there were issues with the way the Pico wallet picks up generation block rewards.  He's working on fixing that.  Meantime, you can monitor our block creation at the pico address:  http://blockchain.info/fb/19t7rx

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September 26, 2013, 06:06:47 PM
 #1124

Also we are mining at 77TH at this time - we should break 80TH today.

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September 27, 2013, 10:59:23 AM
 #1125

The flow of 100TH dividends has grown.
Dexter770221
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September 27, 2013, 11:24:36 AM
 #1126

But still there are some issues with wallet. Now it distribute dividends immediately. IMHO I preffer that way than wait 24 hours Wink

11 blocks in 24 hours, thats quite nice.
AM found 6 blocks in last 30 hours http://www.asicminercharts.com/live/

EDIT:
New block droped in, and it looks like wallet waits for 6 confirmations, and then distributes dividends.

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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September 27, 2013, 09:29:48 PM
 #1127

Tytus also got pico fixed so that immature blocks will appear as "init".  We are running at 83TH today and also continue to optimize, study and troubleshoot.

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September 27, 2013, 11:05:07 PM
 #1128

Thanks for the update!

Couple questions:

1) Do you have any plans to have 100th trade on Bitfunder and/or Havelock?

2) Any plans to change the asset graphs on PicoStocks to be more visually and user friendly?

Cheers
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September 27, 2013, 11:25:36 PM
 #1129

100th is already paying out great dividends.

Once the share price takes off, it's a top candidate to be The Next ASICminerTM.   Cool


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snowdropfore
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September 27, 2013, 11:46:53 PM
 #1130

100th is already paying out great dividends.

Once the share price takes off, it's a top candidate to be The Next ASICminerTM.   Cool
it is a PMB,not like aspic miner.

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-Redacted-
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September 27, 2013, 11:50:12 PM
 #1131

I'd vote my shares for a change to that...
yuchuanzhen
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September 28, 2013, 12:11:53 AM
 #1132

What's wrong with the coinbase?

https://blockchain.info/tx/c41af985325c90dc8a895094bb0f7fb25986bdf3046a6bb69e301eb031768ba2
https://blockchain.info/tx/f9a8c7775b4668f986521954131dc545407dea0fa0efa98ce6d1371f3f5a5238
https://blockchain.info/tx/39e4f4f2dc07471f77edbeab31a7964bfb2f293befa0f8e8b932253215ad037e
https://blockchain.info/tx/3bcef8e00a95ad5332261388497a52c794efe48368bd86ffee812bb0bd9d8b43

It changes everytime...

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
-Redacted-
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September 28, 2013, 12:13:59 AM
 #1133

It doesn't look like it's being properly initialized...
kaerf
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September 29, 2013, 05:40:01 AM
 #1134

Congrats on the first full day of dividends equivalent to 100TH!

Dexter770221
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September 29, 2013, 05:46:14 AM
 #1135

Congrats on the first full day of dividends equivalent to 100TH!

Yep, blocks are droping in like crazy. Even two in the row happend.

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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September 29, 2013, 02:07:22 PM
 #1136

I really hope it will move beyond 200TH at the end... dreaming still allowed isnt it?
Transisto
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September 29, 2013, 02:48:00 PM
 #1137

What's the ETA for 200 ths?
kaerf
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September 30, 2013, 02:38:33 AM
 #1138

I really hope it will move beyond 200TH at the end... dreaming still allowed isnt it?

What's the ETA for 200 ths?

In addition to making good financial sense, from a project management perspective, I think it would make things easier on the Megabigpower team if the 100/200TH mine turned into the 10%/20% mine (read: reinvestment mine) . Instead of needing to rush to deploy 200TH, this would allow MBP to gradually add hashing power and free them up to fulfill customer orders. Investors in the mine would probably support this change as well since it will cause share prices to rise sharply. Of course, I don't know what the investment strategy of the top 5 (92.5%) shareholders are, but they should consider the long term benefits of that course of action (if it is contractually possible).
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September 30, 2013, 03:35:29 AM
 #1139

I really hope it will move beyond 200TH at the end... dreaming still allowed isnt it?

What's the ETA for 200 ths?

In addition to making good financial sense, from a project management perspective, I think it would make things easier on the Megabigpower team if the 100/200TH mine turned into the 10%/20% mine (read: reinvestment mine) . Instead of needing to rush to deploy 200TH, this would allow MBP to gradually add hashing power and free them up to fulfill customer orders. Investors in the mine would probably support this change as well since it will cause share prices to rise sharply. Of course, I don't know what the investment strategy of the top 5 (92.5%) shareholders are, but they should consider the long term benefits of that course of action (if it is contractually possible).

Indeed some kind of reinvestment plan would be nice. Latecomer shareholders have had a substantial drop on their investment value, reinvestment plan would do a great deal to recover the stock value.
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September 30, 2013, 03:38:21 AM
 #1140

The 100th mine, now a "200th" mine, is supposed to be a 200th mine.

My question is WHEN ? and What's holding us back to get to 200th ?

Reinvestment ? How about; The mine is so slow to ramp up to speed that it should now become a 300th mine ?
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