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Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 464902 times)
pitchbend
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May 09, 2013, 12:38:43 AM
 #161

yes I know the colocation costs are expected to be around $5000.

But what isn't clear is if the 200Mhashes per share figure has been calculated after deducting those costs, meaning we keep everything generated by those 200Mh OR if the dividends we can expect are those 200Mh MINUS colocation costs MINUS pool fees.

BTW ASICMINER mines in pools, so I'm not sure if even with 100TH pursuing block rewards solo mining makes more statistical sense. 

from what i remember, there is a  monthly cost for colocation and dividends will be paid monthly(i think).

not sure about the pool though...since megabigpower says they will have their own pool, i'm assuming 100TH will use that pool (basically it's own pool/solo mining).
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May 09, 2013, 01:05:39 AM
 #162

yes I know the colocation costs are expected to be around $5000.

But what isn't clear is if the 200Mhashes per share figure has been calculated after deducting those costs, meaning we keep everything generated by those 200Mh OR if the dividends we can expect are those 200Mh MINUS colocation costs MINUS pool fees.

BTW ASICMINER mines in pools, so I'm not sure if even with 100TH pursuing block rewards solo mining makes more statistical sense. 

from what i remember, there is a  monthly cost for colocation and dividends will be paid monthly(i think).

not sure about the pool though...since megabigpower says they will have their own pool, i'm assuming 100TH will use that pool (basically it's own pool/solo mining).

I doubt the 200MHs/share number factors in infrastructure costs. Since the price of bitcoin has risen so much, running costs (at least initially) will be trivial relative to hashing power and variance.

ASICMINER will be solo mining shortly.
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May 09, 2013, 11:14:26 AM
 #163

i'm lost. how trustworthy is this project and why does their website kind of suck as of the moment.
anyone who can clue me in on  actual current situation

ok
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May 09, 2013, 12:06:36 PM
 #164

i'm lost. how trustworthy is this project

Use Google and your common sense by looking for what the founders did in the past. Why would you trust someone here to tell you if this project is trustworthy?

and why does their website kind of suck as of the moment.
anyone who can clue me in on  actual current situation

They don't have a website (ASICMINER, the other ASIC-based mining operation doesn't have one either). What you refer to may be the exchange on which shares of 100TH can be traded.
If you care about bells and whistles to establish trust, you are in for a severe disappointment. For example several nicer-looking websites have been hacked and lost the assets of their users in the past.

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May 10, 2013, 12:43:23 AM
 #165

i'm lost. how trustworthy is this project

Use Google and your common sense by looking for what the founders did in the past. Why would you trust someone here to tell you if this project is trustworthy?

and why does their website kind of suck as of the moment.
anyone who can clue me in on  actual current situation

They don't have a website (ASICMINER, the other ASIC-based mining operation doesn't have one either). What you refer to may be the exchange on which shares of 100TH can be traded.
If you care about bells and whistles to establish trust, you are in for a severe disappointment. For example several nicer-looking websites have been hacked and lost the assets of their users in the past.

sure, but.... marhsall islands!?
i assume there's been stuff that's been happening where someone can update on the current situation. i'm not expecting a great site but there's a big difference between a site a 13 year old makes and one that someone making asics should commission (some degree of professionalism can't hurt)

ok
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May 10, 2013, 01:02:01 AM
 #166

sure, but.... marhsall islands!?

Bitcoin-based exchanges under US jurisdiction don't seem to be viable. Look-it up.

i assume there's been stuff that's been happening where someone can update on the current situation. i'm not expecting a great site but there's a big difference between a site a 13 year old makes and one that someone making asics should commission (some degree of professionalism can't hurt)

Frankly, putting money for a nice looking page is a waste. Bitcoin investors are technical people. As long as it works and it's not hacked, personally I don't care what it looks like. I'm more likely to develop a tool to interface with such a site than looking at it.

P2pool tuning guide
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May 10, 2013, 01:44:50 AM
 #167

i assume there's been stuff that's been happening where someone can update on the current situation. i'm not expecting a great site but there's a big difference between a site a 13 year old makes and one that someone making asics should commission (some degree of professionalism can't hurt)

You've never seen MPex, have you?   Grin

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"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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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

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May 12, 2013, 04:24:56 PM
 #168

Things are starting to heat up....

Will be watching this one closely now...

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May 12, 2013, 09:12:48 PM
 #169

1. Go to https://picostocks.com
2. Register an account using an e-mail and bitcoin address that belongs to you.
3. Transfer bitcoins to your picostocks account.
4. Buy shares of 100TH

Care to elaborate on step 4 a bit more?  I don't see anywhere on picostocks.com where I can enter in an Ask or a Bid or purchase any shares. (I've deposited funds which are there, but how to invest them, is puzzling me.)

Found the problem I was having (no withdraw, or buy/sell links, or a lot of other content, for that matter) - the UI of picostocks is broken on the Chrome version I was using (25.xx on osx 10.6)  Logged into the site on safari, and all is well.

Updating Chrome now to see if that fixes it.  Indeed, Chrome Version 26.0.1410.65 renders the site properly.  v25.xx was buggered
ZoladkowaGorzka
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May 13, 2013, 12:16:37 PM
 #170

Any official update on the current status?

Dexter770221
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May 13, 2013, 04:51:44 PM
 #171

Propably there's nothing new. Bitfury is awaiting first prototypes. He expect to recive bare wafers on may 16th. And there's another few days to package chips. Then assembly them onto PCB and test. My guess is that we may expect some news at the end of the month.

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.
ecliptic
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May 14, 2013, 08:03:17 PM
 #172

Propably there's nothing new. Bitfury is awaiting first prototypes. He expect to recive bare wafers on may 16th. And there's another few days to package chips. Then assembly them onto PCB and test. My guess is that we may expect some news at the end of the month.
And then remember literally everything is in russian.
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May 14, 2013, 09:26:12 PM
 #173

Anyway, other than things in this thread, where can I find more informations about these guys and their company?
here

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www.bitfury.com
furuknap
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May 15, 2013, 05:33:26 AM
 #174

Watching. Carefully.

Fabrizio89
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May 16, 2013, 08:56:43 AM
 #175

He expect to recive bare wafers on may 16th.

Today's the day.

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May 16, 2013, 12:11:55 PM
 #176

Wafers still need to be thinned, diced and packed. I'm expecting chips in ~2 weeks. Fingers crossed!

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May 17, 2013, 10:46:10 AM
 #177

Wafers still need to be thinned, diced and packed. I'm expecting chips in ~2 weeks. Fingers crossed!

Two weeks? Now where have I heard that one before....

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May 19, 2013, 01:17:39 PM
 #178

Wafers still need to be thinned, diced and packed. I'm expecting chips in ~2 weeks. Fingers crossed!
I can't see anything  about this.  https://picostocks.com/docs/index/19
You guys should update the reports.

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hak8or
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May 19, 2013, 05:40:35 PM
 #179

Seeing as another user had a problem with the withdrawal, can anyone confirm or deny that you need at least 1 BTC to withdraw from them? As the previous user has not seen anything on the website about this limit, I don't either.
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May 19, 2013, 07:31:15 PM
 #180

You can withdraw 0.01 BTC. But you must include network fee, so minimum that will work is 0.0105.

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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