Bitcoin Forum
September 24, 2017, 02:31:42 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 [58] 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 »
  Print  
Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 465077 times)
kaerf
Hero Member
*****
Offline Offline

Activity: 631


View Profile
September 30, 2013, 05:12:46 AM
 #1141

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 ?

I think the primary hold up is that don't have the actual hardware yet (maybe power concerns too)...is that right dave/tytus/jared?


Since we will be right up against our retail delivery timeframe, we are going to have to use the boards for filling retail product.  Due to this, Tytus has announced an increased hashrate supply to our investors of 200TH total, to be deployed in the next two months cumulatively (not all at once at the end).

Status of boards - as I noted before, final design bugs are ironed out and boards are in production.  Due to delays, we've increased the hashpower we will commit to this mine to 200TH.  I'm waiting to get a shipping notice from the factory - the first boards should be headed my way in 24 - 48 hours by my estimate, but I can only wait for them to ship.  Well, that and send multiple emails per day to the US VP sales.  First boards will be run for 24 hours or so in order to weed out underperforming or non-performing boards - this will all be sent to the mine.  After the August retail units are shipped, remaining boards will begin to accumulate hashpower for the mine.  I think we can put up 200TH in 30 days, but it remains to be seen what challenges there are.

The delays gave me an opportunity to jump on something for the datacenter without introducing future downtime to the mine.  I went ahead with the plan to double the power service to the building, which completed last week.  This provides quite a lot of power - 2400 amps of 208v (theoretically supporting about 500kW).  I have about 1500 amps routed out onto the floor now.  This extra power will give me some room to push the AC systems (25 tons) to the limit and see where we can max out temps.  I can add AC once I get a better sense of where the operational temperature ceiling is.

I'm sure things have changed a lot since those two statements have been made, but according to that it's either around Oct. 13th-ish or Sept. 26th-ish. Since punin is expecting to ship EU products this week, I'd imagine the next batch of hardware will arrive shortly if not already there.
1506263502
Hero Member
*
Offline Offline

Posts: 1506263502

View Profile Personal Message (Offline)

Ignore
1506263502
Reply with quote  #2

1506263502
Report to moderator
          ▄█████▄
        ▄█████████▄
      ▄████▀   ▀████▄
    ▄████▀   ▄ ▄█▀████▄
  ▄████▀   ▄███▀   ▀████▄
▄████▀   ▄███▀   ▄   ▀████▄
█████   ███▀   ▄███   █████
▀████▄   ▀██▄▄███▀   ▄████▀
  ▀████▄   ▀███▀   ▄████▀
    ▀████▄       ▄████▀
      ▀████▄   ▄████▀
        ▀███  ████▀
          ▀█▄███▀
.
|
.
|
          ▄█████▄
        ▄█████████▄
      ▄████▀   ▀████▄
    ▄████▀   ▄ ▄█▀████▄
  ▄████▀   ▄███▀   ▀████▄
▄████▀   ▄███▀   ▄   ▀████▄
█████   ███▀   ▄███   █████
▀████▄   ▀██▄▄███▀   ▄████▀
  ▀████▄   ▀███▀   ▄████▀
    ▀████▄       ▄████▀
      ▀████▄   ▄████▀
        ▀███  ████▀
          ▀█▄███▀
unthy
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Dexter770221
Legendary
*
Offline Offline

Activity: 1029


View Profile
September 30, 2013, 07:17:23 AM
 #1142

MBP had to deploy mine, punin didn't. That's why MBP is behind punin when comes to shiping equipment. New hardware that will arrive will also be be put into mine.

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.
lenny_
Legendary
*
Offline Offline

Activity: 1050


DARKNETMARKETS.COM


View Profile WWW
September 30, 2013, 07:30:33 AM
 #1143

How many shares has been released? What's the estimated  MH/s equivalent for 1 share (at current mine speed)?

DARKNET MARKETS >> https://DARKNETMARKETS.COM
Dexter770221
Legendary
*
Offline Offline

Activity: 1029


View Profile
September 30, 2013, 07:35:27 AM
 #1144

~519k shares ~200MH/share.

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.
corrow
Member
**
Offline Offline

Activity: 97


View Profile
September 30, 2013, 09:45:44 AM
 #1145

~519k shares ~200MH/share.

And what will the future perspectives be when all mining power is deployed?
Andrey
Hero Member
*****
Offline Offline

Activity: 588


View Profile
September 30, 2013, 10:24:26 AM
 #1146

~519k shares ~200MH/share.
400MH/share, since it upgraded from 100TH to 200TH
And if you talk about today, it is about 160MH / share, since today mine is about 80TH
SebastianJu
Legendary
*
Offline Offline

Activity: 1904


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
September 30, 2013, 09:57:50 PM
 #1147

Reinvesting is the only way since normal mining securities simply are dying slowly only. But i think the issuers dont have interest in this unfortunately. If they built the 200TH they can start building their 100% own mine. No hassle with shareholders and no revenue sharing. And they got the asic design paid already. So from a business view it would be the best outcome for the issuer.
This question came up so often and was never answered positiv. So i dont think it will come. Its a pity. I was stupid enough to buy in when it was at 0.35BTC and i hoped for a rise in shareprice once the mine is established since previous normal mining securities showed this behaviour. Then this panic came over all mining securities and everything crashed. Lesson learned. Though i dont like the lesson. Im angry about myself being too hasty even though i knew this is only a normal mining security. And normal mining securities tend to pay out divs and at the same time the shareprice drops slowly. At the end you gain nothing from it.
I wish they simply could state that they will move on reinvesting.
Kushedout
Legendary
*
Offline Offline

Activity: 1141


SaluS - (SLS)


View Profile WWW
October 01, 2013, 03:46:37 AM
 #1148

Reinvesting is the only way since normal mining securities simply are dying slowly only. But i think the issuers dont have interest in this unfortunately. If they built the 200TH they can start building their 100% own mine. No hassle with shareholders and no revenue sharing. And they got the asic design paid already. So from a business view it would be the best outcome for the issuer.
This question came up so often and was never answered positiv. So i dont think it will come. Its a pity. I was stupid enough to buy in when it was at 0.35BTC and i hoped for a rise in shareprice once the mine is established since previous normal mining securities showed this behaviour. Then this panic came over all mining securities and everything crashed. Lesson learned. Though i dont like the lesson. Im angry about myself being too hasty even though i knew this is only a normal mining security. And normal mining securities tend to pay out divs and at the same time the shareprice drops slowly. At the end you gain nothing from it.
I wish they simply could state that they will move on reinvesting.

Agreed. I also got the impression that this project is no longer a priority. I sold all my shares (at loss) when I notices they care more about selling miners, chips and boards then this project. Matter of fact, they can drag this "deployment" phase for a year and still keep their promise of archiving 200th and then switch off all miners after a month claiming electricity bill is too high and not worth mining anymore. Only does who bought and kept from IPO can profit from this.

Everything I said is my opinion and speculation.


iCEBREAKER
Legendary
*
Offline Offline

Activity: 1778


http://DashNdrink.com


View Profile WWW
October 01, 2013, 07:43:42 AM
 #1149

Let's cut through this fog of war with mathematical precision and economic clarity, in the form of... a word problem!

IF 100TH was listed on BTCT, and assuming it held the same share price,

WHAT would BTCT's very convenient Annual Yield calculator say 100TH's dividends are now returning?

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange  |  Buy XMR with fiat
Fungibility provides privacy as a side effect.  Adam Back 2014

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004
Andrey
Hero Member
*****
Offline Offline

Activity: 588


View Profile
October 01, 2013, 08:12:13 AM
 #1150

Let's cut through this fog of war with mathematical precision and economic clarity, in the form of... a word problem!

IF 100TH was listed on BTCT, and assuming it held the same share price,

WHAT would BTCT's very convenient Annual Yield calculator say 100TH's dividends are now returning?

I think you should worry about your icedrill shares, they are not paying dividends at all.
goxed
Legendary
*
Offline Offline

Activity: 1666


Mining hardware dev and reviewer.


View Profile
October 01, 2013, 09:59:49 AM
 #1151

check out https://cex.io/#GHS-BTC
It's almost 50% cheaper than 100TH right now

Looking to review Bitcoin / Crypto mining Hardware.
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1778


http://DashNdrink.com


View Profile WWW
October 01, 2013, 11:02:21 AM
 #1152

Let's cut through this fog of war with mathematical precision and economic clarity, in the form of... a word problem!

IF 100TH was listed on BTCT, and assuming it held the same share price,

WHAT would BTCT's very convenient Annual Yield calculator say 100TH's dividends are now returning?

I think you should worry about your icedrill shares, they are not paying dividends at all.

icedrill is using hashfast ASICs, which arrive the week of Oct 20th.

if icedrill pays dividends before hashing begins, it might be a Ponzi Scheme!   Cheesy

quick, sell me moar Cheap SharesTM!

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange  |  Buy XMR with fiat
Fungibility provides privacy as a side effect.  Adam Back 2014

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004
Andrey
Hero Member
*****
Offline Offline

Activity: 588


View Profile
October 01, 2013, 11:57:45 AM
 #1153

icedrill is using hashfast ASICs, which arrive the week of Oct 20th.

if icedrill pays dividends before hashing begins, it might be a Ponzi Scheme!   Cheesy

quick, sell me moar Cheap SharesTM!
Icedrill is not using anything yet. And without "if"s and "will"s it does not pay dividents at all.

So I can say you what "very convenient Annual Yield calculator say" about Icedrill now.
papamoi
Sr. Member
****
Offline Offline

Activity: 378


View Profile
October 01, 2013, 12:05:08 PM
 #1154

check out https://cex.io/#GHS-BTC
It's almost 50% cheaper than 100TH right now

i won t risk to put my btc in this website coming from nowhere
fsb4000
Legendary
*
Offline Offline

Activity: 1400



View Profile
October 01, 2013, 01:07:03 PM
 #1155

check out https://cex.io/#GHS-BTC
It's almost 50% cheaper than 100TH right now

i won t risk to put my btc in this website coming from nowhere

bitfuri is owner of this website....
SebastianJu
Legendary
*
Offline Offline

Activity: 1904


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
October 01, 2013, 01:09:22 PM
 #1156

Let's cut through this fog of war with mathematical precision and economic clarity, in the form of... a word problem!

IF 100TH was listed on BTCT, and assuming it held the same share price,

WHAT would BTCT's very convenient Annual Yield calculator say 100TH's dividends are now returning?


September 30th 100TH dividend payments: 321.12791163BTC
Shares: 518271
Yesterday dividend per share: 0.00061961BTC
Daily dividend * 365 days in year: 0.22615907BTC
Annual ROI for 0.098BTC shareprice: 230.774562%

Compared to Asicminers 25% ROI per year the shareprice for 100TH should be at: 0.90463628BTC

This is for the actual hashrate. I dont know how many TH we have actually.

The downside is... 100TH is not reinvesting. Which makes this calculation worthless.
tarmi
Legendary
*
Offline Offline

Activity: 1022



View Profile
October 01, 2013, 01:14:30 PM
 #1157


September 30th 100TH dividend payments: 321.12791163BTC
Shares: 518271
Yesterday dividend per share: 0.00061961BTC
Daily dividend * 365 days in year: 0.22615907BTC
Annual ROI for 0.098BTC shareprice: 230.774562%

Compared to Asicminers 25% ROI per year the shareprice for 100TH should be at: 0.90463628BTC



wow, that calculation is so wrong, simply because it doesnt take in account growing difficulty.
SebastianJu
Legendary
*
Offline Offline

Activity: 1904


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
October 01, 2013, 01:38:14 PM
 #1158


September 30th 100TH dividend payments: 321.12791163BTC
Shares: 518271
Yesterday dividend per share: 0.00061961BTC
Daily dividend * 365 days in year: 0.22615907BTC
Annual ROI for 0.098BTC shareprice: 230.774562%

Compared to Asicminers 25% ROI per year the shareprice for 100TH should be at: 0.90463628BTC



wow, that calculation is so wrong, simply because it doesnt take in account growing difficulty.

Oh right... and thats why you deleted my last sentence to make your statement correct? It would be correct with reinvestment when one keeps a certain percentage of network share. But since you deleted my sentence you probably know that.
snowdropfore
Hero Member
*****
Online Online

Activity: 587



View Profile
October 01, 2013, 01:39:30 PM
 #1159

the share price is 0.08 now . Soon it will come to the iPo price.

                               
           ░▓█████████████████▓░
          ▒▓██▓▓▓▓▓▓▓▓▓▓▒▓▒▒▒██▓▒░
      ░▒▓███▓                 ▒██▓▓▒░░    ░
▓▒███████▓▒        ░▒▒▒▒▒▒▒░    ░▓▓▓██▓▓▓▒▓
▒░██▒░░         ▒▓▓▓▓▒▒▒▒▓▓██▓▒     ░ ▒▓▓░▓
░▒▓█▒         ▒█▓▓▒▒▒▒▒▒▒▓▓▓████▓▓▒   ▒█▓▒▒
 ▒░██        ██▒▒▒▒▒▒▒▒▒▒▒▒▒░▒▒░██▒   ██▒▒
 ▓░▓█▒      ██▒▒▒▒▒▒░▒░░▒▒▒░░▒▓██▓   ▒██░▒
 ░▓░█▓     ▓█▓▒░▒▒▒▒▒▒▒░░░▒▒▓▓▓▓▓▒   ██░▓░
  ▓▒▒█▓  ▓▒█▓▒▒▓▓▒░▒░░░▒▒▒▒▒▒▒▒ █▒  ██▓░▓
   █░▒█▓ ▓███▓▒▒░░▒▒▒▒▒▒▒▒▒▒▒░ ▓█  ██▓ ▓
    █░▓█▓ ░██▓███▓▓▒▒▒▒▒▒▒░▒▒▓██  ██▓░▓
    ░█░▒██  ░ ░▓███████▓██████▒  ██▒░▓
      █▒░██▓      ░▒▒▓▓▓▓▒▒░   ▓██░▒▓
       ▓▓░▒██▒               ▒██▓░▓▓
        ░█▓░▓██▒           ▒██▓░▓█░
          ▒█▓░▓██▓       ▓██▓▒▓█▒
            ▒█▓▒▒███░ ▒███▒▒▓█▒
              ▒██▓▒▓███▓▒▒██▒
                ░▓██▒▒▒███░
                   ▒███▒














tarmi
Legendary
*
Offline Offline

Activity: 1022



View Profile
October 01, 2013, 01:41:11 PM
 #1160


September 30th 100TH dividend payments: 321.12791163BTC
Shares: 518271
Yesterday dividend per share: 0.00061961BTC
Daily dividend * 365 days in year: 0.22615907BTC
Annual ROI for 0.098BTC shareprice: 230.774562%

Compared to Asicminers 25% ROI per year the shareprice for 100TH should be at: 0.90463628BTC



wow, that calculation is so wrong, simply because it doesnt take in account growing difficulty.

Oh right... and thats why you deleted my last sentence to make your statement correct? It would be correct with reinvestment when one keeps a certain percentage of network share. But since you deleted my sentence you probably know that.

I didnt read that far.

that calculation is useless why posting here?

watch asicminer share go down to 0.01 btc.
Pages: « 1 ... 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 [58] 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!