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Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 467735 times)
iCEBREAKER
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[LOL2X]


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October 20, 2013, 09:49:16 PM
 #1281

I admit that i made errors but i dont really dont like how this was done.

If they say there going to deploy 100TH but get delayed and change it to 200TH, it might be a scam.

If they have never deploy 200TH and the chips we paid for are on cex.io, it is a scam.

How much longer should we hold our breath until taking appropriate actions?


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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
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1511535466
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Ignore
1511535466
Reply with quote  #2

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Bitweasil
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October 20, 2013, 11:23:11 PM
 #1282

What actions?

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
iCEBREAKER
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[LOL2X]


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October 21, 2013, 04:36:19 PM
 #1283

What actions?

Appropriate actions.


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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
HeRetiK
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the forkings will continue until morale improves


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October 21, 2013, 08:06:35 PM
 #1284


Hamid: "What's that?"
Rambo: "It's blue light."
Hamid: "What does it do?"
Rambo: "It turns blue."

Bitweasil
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October 21, 2013, 09:38:03 PM
 #1285


What are they?

The mine is late to capacity, and basically seems abandoned at this point.

Quote
We need to produce new PCBs and populate them with chips. This delays the deployment by an additional month and causes substantial losses for the 100th-mine investors. As a response we will increase the hashing power of the mine to 200TH/s in the next 2 months.
 
Created on 2013-08-13 20:14:00

It's been 2 months.  Are we at 200TH yet?

Quote
In 2-3 weeks we will have the remaining hash-rate when new hardware arrives.

Created on 2013-09-22 19:15:00    by Leszek Rychlewski; Published on 2013-09-22 19:27:08    by koji;

It's been over 4 weeks since this announcement.  Is the rest of the hardware online?

The mine has not met the parameters, does not seem on track to, and due to the time-sensitive nature of bitcoin mining under rapid growth periods, even coming up to 200TH by the end of the year will be worthless.

It has failed.

Now, what are "appropriate actions"?  The people who got in for the IPO have gotten massive profits out of it, leaving everyone else holding the bag.

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
papamoi
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October 22, 2013, 04:21:29 AM
 #1286

let the ukrainian take profit

this is the action they have taken....
Bitweasil
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October 22, 2013, 05:52:56 AM
 #1287

let the ukrainian take profit

this is the action they have taken....

Yes, we are aware.  Just sad to see yet another failed project in the bitcoin realm.

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
corrow
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October 23, 2013, 08:26:24 AM
 #1288

What is the problem OP? Why not sharing some information or in some way take responsibility for not making earlier promises. What is going wrong and why? What is current hashrate? Why isn't everything transparant? Well, It is time!!! You own us as shareholders some detailled explanations. Easy thing to spend money when It is not yours!!!!  Angry
Andrey
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October 23, 2013, 08:56:39 AM
 #1289

Looking at reports of Buzzdave selling hardware and Tytus about using new gen boards for "own mining" while also checking how much dividends are possible with current difficulty (with it stopping to rise in few jumps). I've just sold my shares. My estimation of their return is about 0.02 btc since now and till dividends are negligible.

Bitweasil
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October 23, 2013, 03:18:07 PM
 #1290

Easy thing to spend money when It is not yours!!!!  Angry

They certainly have, and I suspect you're not about to get any of it back. Sad

*sigh* Should have known better than to invest in anything I didn't physically touch.

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
iCEBREAKER
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[LOL2X]


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October 23, 2013, 08:47:21 PM
 #1291

bug fixed. trades are executed now. Sorry guys.

Share price will only improve if we add more hashing power. We work on this full time.

tytus, please provide an update on the status of our mine.

When do you anticipate completing deployment of the first 100TH?

When do you project bringing the second 100TH online and fulfilling the 200TH commitment?

Thanks!


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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
corrow
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October 23, 2013, 08:56:02 PM
 #1292

And in addition: It is a good thing to share open and public a current hashing performance of the mining farm.
Some graphs, stats, which address will be used for mining etc...

It is your duty to give us news... And make us happy again!  Smiley
Bitweasil
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October 23, 2013, 10:28:00 PM
 #1293

It looks like the hash rate has dropped significantly based on the lack of dividends being paid out.

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
tinyfox266
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October 24, 2013, 12:20:26 PM
 #1294

It looks like the hash rate has dropped significantly based on the lack of dividends being paid out.

+1

The total hashrate of the network has reached 3PH, even the whole 200Th is deployed, only 10 blocks can be found every day. And this situation can only last for a short time, and the dividends will drop little by little then.
The estimated hashrate at the end of this year is 10,000TH (https://bitcointalk.org/index.php?topic=283820.0)
kaerf
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October 24, 2013, 08:53:23 PM
 #1295

yeah, there is very high variance with 100-200TH these days. the mine should probably switch to pooled mining for better stability.

Here's what I'm seeing since the last diff change.


As you can see, we're jumping around +/- 40 to 100TH a day due to variance (or maybe due to manual payouts?).

snowdropfore
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October 25, 2013, 01:05:17 AM
 #1296

no update?? we are being abandoned

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finlof
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October 25, 2013, 01:17:59 AM
 #1297

no update?? we are being abandoned
abandoned would be 0 TH and no dividends.  they just arent saying anything cause they dont have anything to say that will appease investors.
buzzdave
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October 25, 2013, 04:44:36 AM
 #1298

Hi guys.  Don't believe the FUD.  We are *still* working diligently to build the mine.  There was a significant delay caused by Chinese Mid-Autumn Festival, which was compounded by a component manufacturer playing games with our supply.  We have a significant amount of hardware on the brink of arrival.
I'm spending a ton of money (not 100TH investor money) preparing a new site to handle the power needs of future growth, which includes the 200TH mining project.  

Think about it this way:  Tytus and I are both still holding shares of this mining project.  The *only* way to get shares to rise is to land significant hashpower that is measurably paying dividends to shareholders.  You can sell your shares based on FUD and troll posts or you can hang in there and get the benefit of the  hashing we promised.

We remain committed to delivering the intended value of this investment - both for you investors and for our own investments.

This is the official status of all the hardware we have at this point:
***There is no own-mining...its all going to this project***

Soon the hashpower figures will be up on megabigpower.com, and you can track it for yourself.

Andrey
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October 25, 2013, 07:40:09 AM
 #1299

Hi guys.  Don't believe the FUD.  We are *still* working diligently to build the mine.  There was a significant delay caused by Chinese Mid-Autumn Festival, which was compounded by a component manufacturer playing games with our supply.  We have a significant amount of hardware on the brink of arrival.
I'm spending a ton of money (not 100TH investor money) preparing a new site to handle the power needs of future growth, which includes the 200TH mining project.  

Think about it this way:  Tytus and I are both still holding shares of this mining project.  The *only* way to get shares to rise is to land significant hashpower that is measurably paying dividends to shareholders.  You can sell your shares based on FUD and troll posts or you can hang in there and get the benefit of the  hashing we promised.

We remain committed to delivering the intended value of this investment - both for you investors and for our own investments.

This is the official status of all the hardware we have at this point:
***There is no own-mining...its all going to this project***

Soon the hashpower figures will be up on megabigpower.com, and you can track it for yourself.

Thanks for the update, Dave. Still it seems way too late. With competition having prices of about 0.08 btc per GH with instant delivery even current price of 0.04 btc per 0.4 GH delivered somewhere in future seems like overprice. Not to mention competition has huge transparency advantage. Its much more comfortable to see your GHs mine on your own account in the mining pool, then counting dividends per day and trying to guess current hashrate.

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October 25, 2013, 09:42:19 AM
 #1300

One zero slip Wink 0.08B/GH like in your sig...

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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