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Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 464969 times)
Bitweasil
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October 29, 2013, 11:20:39 PM
 #1321

Constructive only could be to raise the TH to the percent of the network it had when it should have been 200Th... though thats probably not possible to achieve.

Or to buy back shares at the price paid for them, or even at the IPO rates, or something.

As opposed to the current, "Sorry, we fucked up, your loss."

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
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October 31, 2013, 01:22:07 AM
 #1322

https://ghash.io/  843.97 Th/s
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This is a private Bitfury ASIC mining pool. We are mining for fun

Yeah, mining with our money, So fucking fun...
kaerf
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October 31, 2013, 01:30:23 AM
 #1323

nice 10 BTC fee block (https://blockchain.info/block-index/431732) for the mine
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October 31, 2013, 01:31:35 AM
 #1324

https://ghash.io/  843.97 Th/s
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun

Yeah, mining with our money, So fucking fun...
that is exactly what i want to say .i am getting more and more angry!!

                               
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papamoi
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October 31, 2013, 06:47:41 AM
 #1325

https://ghash.io/  843.97 Th/s
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This is a private Bitfury ASIC mining pool. We are mining for fun

Yeah, mining with our money, So fucking fun...

Fortunately some people are opening eyes and understand what is happening

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October 31, 2013, 09:21:12 AM
 #1326

https://ghash.io/  843.97 Th/s
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun

Yeah, mining with our money, So fucking fun...
that is exactly what i want to say .i am getting more and more angry!!
As it turn out ghash.io is a pool that you can join. Thru cex.io. When you joining cex.io you can buy GHashes that will mine for you and/or you may point your hardware to mine at that pool with 0% fee. That's why this pool is growing so quickly.
If I helped:
https://cex.io/r/0/Dexter770221/0/

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.
papamoi
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October 31, 2013, 09:27:24 AM
 #1327

https://ghash.io/  843.97 Th/s
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun

Yeah, mining with our money, So fucking fun...
that is exactly what i want to say .i am getting more and more angry!!
As it turn out ghash.io is a pool that you can join. Thru cex.io. When you joining cex.io you can buy GHashes that will mine for you and/or you may point your hardware to mine at that pool with 0% fee. That's why this pool is growing so quickly.
If I helped:
https://cex.io/r/0/Dexter770221/0/
how can you explain that he is mentionning only bitfury on it?
Dexter770221
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October 31, 2013, 09:32:08 AM
 #1328

https://ghash.io/  843.97 Th/s
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun

Yeah, mining with our money, So fucking fun...
that is exactly what i want to say .i am getting more and more angry!!
As it turn out ghash.io is a pool that you can join. Thru cex.io. When you joining cex.io you can buy GHashes that will mine for you and/or you may point your hardware to mine at that pool with 0% fee. That's why this pool is growing so quickly.
If I helped:
https://cex.io/r/0/Dexter770221/0/
how can you explain that he is mentionning only bitfury on it?
Ask him, not me. I have no idea why he put that sentence there. Fact is a fact, it is posible to join that pool.

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.
-Redacted-
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October 31, 2013, 12:40:09 PM
 #1329

https://ghash.io/  843.97 Th/s
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This is a private Bitfury ASIC mining pool. We are mining for fun

Yeah, mining with our money, So fucking fun...

You do know that ghash.io has nothing to do with Tytus or the 100TH mine, right?  So how is this mining with your money?
Transisto
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October 31, 2013, 06:18:34 PM
 #1330

https://ghash.io/  843.97 Th/s
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun

Yeah, mining with our money, So fucking fun...

You do know that ghash.io has nothing to do with Tytus or the 100TH mine, right?  So how is this mining with your money?

The 200ths mine was to be powered by bitfurry's hardware.

How it possible that they managed to output 800ths worth of hardware and can't even reach 100ths ?  I paid 0.18 for shares that are worth 0.02.  I would really like more complete explanation of the link between Bitfurry and 100ths, IIRC their prospectus said they would be financing the chip production.
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October 31, 2013, 06:31:28 PM
 #1331


1.) Not everything mining on ghash.io is Bitfury based.  I doubt that even a majority of it is at this point.

2.) The majority of the Bitfury gear that started mining on ghash.io was developed by a different group who bought chips and built their own boards.  They are not related to, or affiliated with, MBP aka BuzzDave, who is responsible for building the 100TH mine.

3.) Only a very few of the reels of chips produced for Bitfury (Tytus) actually went to BFSB or MBP to build boards.  They mostly went to private buyers (who built ghash.io) that financed the chip development. 
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October 31, 2013, 06:54:14 PM
 #1332

https://ghash.io/  843.97 Th/s
Quote
This is a private Bitfury ASIC mining pool. We are mining for fun

Yeah, mining with our money, So fucking fun...

You do know that ghash.io has nothing to do with Tytus or the 100TH mine, right?  So how is this mining with your money?

The 200ths mine was to be powered by bitfurry's hardware.

How it possible that they managed to output 800ths worth of hardware and can't even reach 100ths ?  I paid 0.18 for shares that are worth 0.02.  I would really like more complete explanation of the link between Bitfurry and 100ths, IIRC their prospectus said they would be financing the chip production.

Good question.  There are not good answers at this time, besides the sketchy tale of 'having some problem with PCBs and stuff.'

I wish our boards had worked and been deployed a month ago, and ghash.io's were delayed, delayed, and delayed.

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 }
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Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


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gebir
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October 31, 2013, 08:00:40 PM
 #1333

I hope we can show 200th there next week.


Shareholders are waiting    Angry
Dexter770221
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November 01, 2013, 10:57:12 AM
 #1334

I hope we can show 200th there next week.


Shareholders are waiting    Angry
Hope is dying last. Mine died at 0.12...

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.
af_newbie
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November 01, 2013, 12:34:36 PM
 #1335

I hope we can show 200th there next week.


Shareholders are waiting    Angry
Hope is dying last. Mine died at 0.12...

I wanted to invest into this at 0.10 but I run simple calculation:

200000 [GH/s] / 518271 [shares] = 0.385 [GH/share]

Based on overpriced 0.1 BTC per GH at cex.io, the share price works out to 0.385*0.1=0.0385 BTC per share.

That is assuming they have 200TH running RIGHT NOW. 

cex.io prices are half of what these shares are selling for.

A proper valuation of these share is 0.005 BTC/share, as of today.  And is declining every 2036 blocks like everything else.
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November 01, 2013, 01:16:30 PM
 #1336

^--  Math genius. Wink
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November 05, 2013, 11:29:22 AM
 #1337

The mine was supposed to have 518271 x 0.4 GH/s = 207.3084 TH/s.
Right now the speed is 98.8 TH/s.
Comparing to cex.io, the share price should be 98.8 / 518271 = 0.01906 BTC  (not 0.005 suggested by af_newbie).
People buy it a bit higher because of promised growth to over 200 TH/s.
Without it, it is better to buy at cex.io.

Yet the speed is lowering, not growing (yesterday it was 101 TH/s).
Seems the devices are gradually failing, while no new ones are being added.
Or the temporary growth was caused by testing of the units shipped by Dave to customers.
What if even 0.019 BTC is too much?

While I was writing this, the speed went down to 98.3 TH/s...
Bitweasil
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November 05, 2013, 04:20:41 PM
 #1338

Dumb use of bitcoin, this was. Sad

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
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November 05, 2013, 04:26:52 PM
 #1339

Dumb use of bitcoin, this was. Sad

speaking like yoda, you are.
kaerf
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November 05, 2013, 11:10:04 PM
 #1340

tytus/dave, can we get an update on where we stand with new hardware? http://150.254.111.246/us/ still shows 100TH...I believe we were supposed to see up to 200TH by last week.

Are there plans to switch back to pooled mining? With the mine's current hash rate and looking at historical payouts there appears to be a lot of variance...with lots of very low payout days.
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