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Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 467470 times)
Giray
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January 18, 2015, 04:19:33 PM
 #1721

Any public offering is an obligation to shareholders. That is according to US law. So the training before you write something here.
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January 19, 2015, 04:14:58 AM
 #1722

The fact is that the shareholders 100th scammed. First, delay, and then build on the basis of the obtained through measures the shareholders his own the mine. 500 Th from Leszek is not just any gift clumsy attempt to close the project and hence his own incompetence.
You can not miss things Cointerra. Through the subscription of shares it is Cointerra MBP came into possession of the latest 28nm technology, which currently uses for its own purposes.
As you can see the links between Picostocks and MBP exist. Given the circumstances, it can be called a criminal ties.
Cues have a legal opinion. Do you really want to explanation of what happened came to the court? In the context of what is happening lately chances of winning the case you have very little.

what the heck are you going on about? MBP is in no way cointerra. lets put some things straight:
1) The 100TH mine was effectively a cloudmining contract, where shares were for a fixed fraction of a mine consisting ofbitfury 55nm. It was a clearly-worded pre-order of unfinished bitfury gen1 hardware.
2) the 55nm bitfury chips are about 1w/gh, which is why they are now become expensive to run - it does not seem unreasonable to implement higher fees to cover operational costs, which 30% of bitcoins mined seems about correct
3) AFAIK there was no plan to magically upgrade to gen2 equipment. from the start it was gen1. because of a late rollout, it increased in size to 500TH (which was pretty reasonable IMO) to try and return value to the shares

not sure where cointerra fits in. the BF28nm chip would have nothing to do with the cointerra design, and a similar die size or efficiency is not even remotely proof that they are the same chip.

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461 also selling 6" M-F-M PCIe splitters and PCIe-PCIe
No longer a wannabe - now an ASIC owner!
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January 19, 2015, 04:49:38 AM
 #1723

Simple questions:
-Why, then, was the issue of Cointerra?
-Why sold equipment designed originally for the 100th causing even greater delay?
-Why private mine was built at the same time claiming that it is unprofitable business?

Such questions are quite a few more. Do you really want to get to the granting of the answers took the court?
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January 19, 2015, 05:55:59 AM
 #1724

Any public offering is an obligation to shareholders. That is according to US law. So the training before you write something here.

Yes, an IPO entails fiduciary obligation.  But there was never any "magical Gen2 upgrade" implied, much less advertised, nor guaranteed profits.

You are too eager to involve lawyers, thus casting aside reasonable discussion and demonstrating the paucity of arguments possibly confirming your position.

Cointerra has nothing to do with 100TH, which was always a 100% BitFury based project.  Please get a clue before you start foaming.  Don't be a Roadstress!   Cheesy

Calm down and learn the facts.  Then you will understand why the rest of us are not blaming 100TH and MBP for the unfortunate outcome of this project.


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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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January 19, 2015, 06:26:12 AM
 #1725

Because they failed to recognize the failure of the connection to acts of some persons.
These people came to the conclusion that the more they earn by building its own mine.
But why it is we have to bear the costs of the deliberate delay?

P.S. want to participate to a lawsuit?
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January 19, 2015, 06:35:20 AM
 #1726

Because they failed to recognize the failure of the connection to acts of some persons.
These people came to the conclusion that the more they earn by building its own mine.
But why it is we have to bear the costs of the deliberate delay?

P.S. want to participate to a lawsuit?

Please stop laboring under the illusion that 100TH and MegaBigPower are the same entity.  MBP was merely the host for 100TH. 

If a lawsuit makes your grapes taste less sour, have fun.

But beware, it's only a temporary solution to the problem of avoiding personal responsibility for partaking in an extremely risky investment.

You could just pay me to explain the reality to you, rather than have an attorney plow your fields of delusion....


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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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January 19, 2015, 06:38:30 AM
 #1727

Leszek passed about a year ago 100TH for Dave.
What one can see here:

https://megabigpower.com/accountstats

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January 19, 2015, 06:51:05 AM
 #1728

Leszek passed about a year ago 100TH for Dave.
What one can see here:

https://megabigpower.com/accountstats

I've been a 100TH investor since before the delay was announced, because I wanted to hedge my HashFast heavy portfolio with some BitFury exposure.

Please don't patronize me with ancient history.


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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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January 19, 2015, 06:56:57 AM
 #1729

That's what happened in this meddling? I have at the moment a few law offices who want to deal with this matter. I think it will be the best solution because it can not reach an agreement with you. Count yourself whether the cost of the process does not amount to more than any I get on with victims.
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January 19, 2015, 07:07:14 AM
 #1730

That's what happened in this meddling? I have at the moment a few law offices who want to deal with this matter. I think it will be the best solution because it can not reach an agreement with you. Count yourself whether the cost of the process does not amount to more than any I get on with victims.

There are no "vicims" here, only greedy investors who got into the ASIC game too late.

Those law offices will take your money and get you nothing in return.  Just like they did W/R/T HashFast.

100TH has no assets for them to plunder.

Trust me, if 100TH or PicoStocks did anything shady, I would be farther up their ass than a Zeta Reticulan colonoscopy.

These are not the droids you are looking for.


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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
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January 19, 2015, 07:19:19 AM
 #1731

Really you can not think of anything more intelligent?
I did not say anything here about technical issues only deceiving investors.
Deliberate deceiving. And for that Dave can not only pay but sent to prison. He deserves this as well and for Tom.
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January 19, 2015, 08:14:25 AM
 #1732

Really you can not think of anything more intelligent?
I did not say anything here about technical issues only deceiving investors.
Deliberate deceiving. And for that Dave can not only pay but sent to prison. He deserves this as well and for Tom.

No investors were deceived.

Dave only hosted 100TH and he did a good job of it; he didn't have anything else to do with the project.

Stop blaming other people for BTC's rise in difficulty and drop in price.

I know you won't listen to this, so go ahead and make a fool of yourself.  Give the lawyers all you money and see what happens.

Don't worry, I will be here to remind you of this warning.   Wink

Want to bet on whether Dave or Tom are "sent to prison?"

No, you don't?  OK, I didn't think so.   Grin


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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
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January 19, 2015, 04:45:33 PM
 #1733

Really you can not think of anything more intelligent?
I did not say anything here about technical issues only deceiving investors.
Deliberate deceiving. And for that Dave can not only pay but sent to prison. He deserves this as well and for Tom.

No investors were deceived.

Dave only hosted 100TH and he did a good job of it; he didn't have anything else to do with the project.

Stop blaming other people for BTC's rise in difficulty and drop in price.

I know you won't listen to this, so go ahead and make a fool of yourself.  Give the lawyers all you money and see what happens.

Don't worry, I will be here to remind you of this warning.   Wink

Want to bet on whether Dave or Tom are "sent to prison?"

No, you don't?  OK, I didn't think so.   Grin

+1 to icebreaker on this issue. The 100TH mine has operated and acted very reasonably since conception, and is part of the short list of IPO projects that actually achieved their goals (about 80% of IPOs failed within the first 3-6 months). The amount of fuss you are raising over a 500TH mine is simply absurd, now that hashrate is FAR FAR cheaper and more efficient than when the 100TH+400TH of the mine was put into action.

seriously, the 500TH of bitfury 55nm at 1w/gh is worth about $80,000-100,000 right now at street value. as a bulk value, its probably worth about $50,000. Thats something like 1% of its initial value over a year ago, and I can guarentee you any lawyering-up that you do will probably cost $10,000+

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461 also selling 6" M-F-M PCIe splitters and PCIe-PCIe
No longer a wannabe - now an ASIC owner!
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January 19, 2015, 06:58:09 PM
 #1734

Really you can not think of anything more intelligent?
I did not say anything here about technical issues only deceiving investors.
Deliberate deceiving. And for that Dave can not only pay but sent to prison. He deserves this as well and for Tom.

No investors were deceived.

Dave only hosted 100TH and he did a good job of it; he didn't have anything else to do with the project.

Stop blaming other people for BTC's rise in difficulty and drop in price.

I know you won't listen to this, so go ahead and make a fool of yourself.  Give the lawyers all you money and see what happens.

Don't worry, I will be here to remind you of this warning.   Wink

Want to bet on whether Dave or Tom are "sent to prison?"

No, you don't?  OK, I didn't think so.   Grin

Leszek passed about a year ago 100TH for Dave.
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January 19, 2015, 07:03:14 PM
 #1735

Really you can not think of anything more intelligent?
I did not say anything here about technical issues only deceiving investors.
Deliberate deceiving. And for that Dave can not only pay but sent to prison. He deserves this as well and for Tom.

No investors were deceived.

Dave only hosted 100TH and he did a good job of it; he didn't have anything else to do with the project.

Stop blaming other people for BTC's rise in difficulty and drop in price.

I know you won't listen to this, so go ahead and make a fool of yourself.  Give the lawyers all you money and see what happens.

Don't worry, I will be here to remind you of this warning.   Wink

Want to bet on whether Dave or Tom are "sent to prison?"

No, you don't?  OK, I didn't think so.   Grin

+1 to icebreaker on this issue. The 100TH mine has operated and acted very reasonably since conception, and is part of the short list of IPO projects that actually achieved their goals (about 80% of IPOs failed within the first 3-6 months). The amount of fuss you are raising over a 500TH mine is simply absurd, now that hashrate is FAR FAR cheaper and more efficient than when the 100TH+400TH of the mine was put into action.

seriously, the 500TH of bitfury 55nm at 1w/gh is worth about $80,000-100,000 right now at street value. as a bulk value, its probably worth about $50,000. Thats something like 1% of its initial value over a year ago, and I can guarentee you any lawyering-up that you do will probably cost $10,000+

Is reading comprehension that hard?
Dave is the most co-responsible for the delay 100th, his company sold equipment produced for the mine. I have enough evidence to convince the court.

On Wednesday I spoke to the lawyers.
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January 20, 2015, 02:39:50 AM
 #1736

Is reading comprehension that hard?
Dave is the most co-responsible for the delay 100th, his company sold equipment produced for the mine. I have enough evidence to convince the court.

On Wednesday I spoke to the lawyers.

Poor reading comprehension is your problem, not ours.

For months, we heard cedivad brag about how his mighty lawyer would tear apart Hashfast in court and we unfortunate customers would own their future wages, firstborn children, etc.

But when it came time to put up or shut up, cedivad realized he had nothing and stopped paying his famous lawyer.

The expense of pursuing the case fell on some other suckers, who reaped nothing for their trouble but $100k's of legal expenses.

You could learn from their mistake.  But you won't.  Because you feel so fucking entitled to reward without risk, and cannot accept you lost the gamble.


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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
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January 20, 2015, 02:46:06 AM
 #1737

You see you do not have any arguments. Such texts do not win in court.
You're trying to just scare.
I wonder whether the same will be brave in the courtroom.
Wednesday less and less time..
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January 20, 2015, 03:21:28 AM
 #1738

You see you do not have any arguments. Such texts do not win in court.
You're trying to just scare.
I wonder whether the same will be brave in the courtroom.
Wednesday less and less time..

I do have arguments, you just choose not to accept them.

No bravery is required in the courtroom when the facts are on your side.


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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
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January 20, 2015, 07:11:07 AM
 #1739

You obviously do not understand the meaning of the word "fact"Wink

And what are the facts?

That's why in this case was the issue Cointerra on Picostocks?
As if you did not try to explain it any "version" does not explain the issue, as it perfectly explains the acquisition 28nm technology. For the 100th shareholders' money.
This is confirmed by Leszek entry in this topic in which he writes that looks ready 28nm technology in order to acquire it.
Is my investment decision was bad? I bought shares when it was not yet announced the delay and mine was to be launched in July 2013.
Global hashrate then was 223.746 GH / s, which is an additional 100,000 GH / s constitute 44% of the Global Hashrate. Mining with Global Hashrate 518.000 was finally launched on 15 December 2013. At that time the Global Hashrate was already 6,502,229 GH / s, of which 44% after deduction would be 2,633,060 Hashrate 100th GH / s. And that should be the finally power of the 100th, does not have any 518.000 GH / s.
Most plunges Picostocks management and sale of shares of MBP 0.30 BTC at the time when they knew that they would delay the project (insiding trader) and sale of equipment designed initially for 100th in the market, which resulted in delays


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January 20, 2015, 03:44:11 PM
 #1740

You obviously do not understand the meaning of the word "fact"Wink

And what are the facts?

That's why in this case was the issue Cointerra on Picostocks?
As if you did not try to explain it any "version" does not explain the issue, as it perfectly explains the acquisition 28nm technology. For the 100th shareholders' money.
This is confirmed by Leszek entry in this topic in which he writes that looks ready 28nm technology in order to acquire it.
Is my investment decision was bad? I bought shares when it was not yet announced the delay and mine was to be launched in July 2013.
Global hashrate then was 223.746 GH / s, which is an additional 100,000 GH / s constitute 44% of the Global Hashrate. Mining with Global Hashrate 518.000 was finally launched on 15 December 2013. At that time the Global Hashrate was already 6,502,229 GH / s, of which 44% after deduction would be 2,633,060 Hashrate 100th GH / s. And that should be the finally power of the 100th, does not have any 518.000 GH / s.
Most plunges Picostocks management and sale of shares of MBP 0.30 BTC at the time when they knew that they would delay the project (insiding trader) and sale of equipment designed initially for 100th in the market, which resulted in delays


And more...

im starting to think you are thick - you keep bouncing from MBP to dave to lezsec to cointerra to picostocks. your class-action against this cluster of companies will be laughed out of any law office (unless you are paying them, in which case theyll happily listen to you rant for $100/hr)

1) cointerra is on picostocks. MBP does not operate picostocks. MBP is not cointerra.
2) why would bitfury buy 28nm hardware from conterra when the bitfury 55nm design is better than the cointerra 55nm design?

you say you bought shares prior to July 2013 - if you look at your calander its now Janruary 2015, about 18mos later. The fact that now is when you decide to make a fuss is just moronic because as i said earlier, the 100TH shares are now worth less than 1% of thier initial value.

stop crying about this because your argument is a joke. unless you can clearly state in paragraph (or point) form what you think is owed to you and why - I'm out of here. at this point you're begging for scraps. what's your claim for? $500?

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461 also selling 6" M-F-M PCIe splitters and PCIe-PCIe
No longer a wannabe - now an ASIC owner!
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