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Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 467651 times)
Pale Phoenix
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August 17, 2013, 05:29:53 PM
 #701

So far this looks like one of three projects that will have their own ASIC Design and is able to produce miner for a low price. Im only not very sure... can this project order more ASIC's for the same price later to remain their hashrate?


It's true that the founder, tytus, has access to further hashpower through Bitfury, but I believe this particular project will get 200TH and that's it. In other words, there are no plans to keep this project at a certain % of the overall hashrate like some of the other ventures out there.

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August 17, 2013, 06:56:20 PM
 #702

So far this looks like one of three projects that will have their own ASIC Design and is able to produce miner for a low price. Im only not very sure... can this project order more ASIC's for the same price later to remain their hashrate?


It's true that the founder, tytus, has access to further hashpower through Bitfury, but I believe this particular project will get 200TH and that's it. In other words, there are no plans to keep this project at a certain % of the overall hashrate like some of the other ventures out there.

Ok, then its not for me. I more searched for securities that get a share of the network like Asicminer does. Only a short time gain or hardware for prices i can get too isnt what i search.
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August 17, 2013, 08:00:57 PM
 #703

The other 2 projects i check out at the moment are Labcoin and ActiveMining. Are there any more that will have a mining farm from Asics they practically own the design? Maybe Scrypt Asic's too?

has your account been hacked?  Grin
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August 17, 2013, 08:01:59 PM
 #704

Tytus is silent for some time. As he decided to throw extra hashing power, he may do that again. Now he is very busy to deliver first hashes, but when dust come down... Who knows what we will see ;-)

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August 17, 2013, 09:16:42 PM
 #705

The other 2 projects i check out at the moment are Labcoin and ActiveMining. Are there any more that will have a mining farm from Asics they practically own the design? Maybe Scrypt Asic's too?

has your account been hacked?  Grin

Does this text remind you on another one?
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August 18, 2013, 12:35:57 PM
 #706

MPEx seems like the sort of project where the operator assumes technical competence and decent architecture is self-evident and will wow the marketplace, and then proceeds to vigorously blame people for their failure to appreciate the system - when it's more a case of the operator failing to understand (or give a rats arse about) people.
Hint: Your model will work nicely when autonomous software agents are starting Bitcoin businesses and need to IPO.

I lolled, MP lolled, you certainly got a point somewhere in there.

Reality is of course a little more complex than that, as there's plenty of people with accounts. Seems it's not strictly a matter of waiting for autonomous software.

I assume the clear technical advantage and communication skills that you obviously possess is the reason that Mpex has about the volume of a mid sized pizza parlor.

Listen scamboy, you and your pump and dump scams can create all the fake volume you want, it's not going to change anything. Sure, you may convince a throng of muppets that don't know any better that you matter because you've written more digits on a website somewhere. This is scarcely worth the effort, the muppets can be convinced and unconvinced of any arbitrary thing or other five times each day, and they'll be out of everyone's way in a fortnight anyway. You might as well spend your time trying to be popular with gnats and Mayflies.

MP on the other hand is there where it matters, when you actually have 10s of ks at your disposal (1, 2) for the general good of Bitcoin you may revisit this point again. When you decide whether the "top exchange" lives or dies you may revisit this point again. In the meanwhile the "success" of the last pirate in convincing muppets of his importance was instructively ephemeral. You're no different.

Bitcoin is not about the muppets. It's true that it's not about autonomous software, either. Nevertheless, the expectations of consumerism, welfarism, democracy as mis-implemented by the socialist West and so on do not carry over. A difficult point to digest for many, especially if they've lived their entire lives immersed in that particular ideological box. Nevertheless, as difficult, inconvenient, or unexpected as it may be, Bitcoin is not about people, and it certainly is not about "the people".

... and with the customer service of the soup nazi.

Here's the difference: I'm the one PR of a Bitcoin business that doesn't lie to the public. Everyone else "is nice". Enjoy it.

More along the same lines: MPEx is the one business where all the complaints come from people who aren't customers, as opposed to everyone else getting all the complaints from customers. On the strength of this observation, any time your complaints bother you enough you can simply switch sides.

Excellent analysis. Megalomania is particularly ugly and sad.

Getting confused as to what's funny and what's srs because you've had Real Bad Experiences in the Past (tm) is ugly and sad. Get over your trauma, be a human being. Free and all that.

The other 2 projects i check out at the moment are Labcoin and ActiveMining. Are there any more that will have a mining farm from Asics they practically own the design? Maybe Scrypt Asic's too?

has your account been hacked?  Grin

No, this is perfectly in character. I don't think there's a scam Sebastian has missed investing in so far, it's what he does. He just judiciously avoids/mudslings everything else.

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August 18, 2013, 03:05:57 PM
 #707

The other 2 projects i check out at the moment are Labcoin and ActiveMining. Are there any more that will have a mining farm from Asics they practically own the design? Maybe Scrypt Asic's too?

has your account been hacked?  Grin

No, this is perfectly in character. I don't think there's a scam Sebastian has missed investing in so far, it's what he does. He just judiciously avoids/mudslings everything else.

Im not sure if i understand you correctly but till now i had a good chunk of luck when investing. Even with bad investments i came out relatively unharmed. And Asicminer was a big success so far. The avalon chips are still profitable if the miners come in the next weeks too. Less profitable for sure and i wouldnt have bought if i knew the delay and exponential rise of difficulty before. AND the non-communication technique Yifu is chosing to use.

All this together leads me to think that only the ones that can bring TH online the cheapest will win. That arent securities that buy practically at everybody-prices. Even companies like Asicminer might become problems since there is such a huge amount of preorders in the pipeline that could turn out as a loss to the buyers and hurt even the companies that can produce lower on the way.
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August 21, 2013, 07:15:39 PM
 #708

-send a team member to China to in-person test this rig

Good news everyone!

And greetings from Shanghai!

Just got batch of 20 boards from the factory and tested them. They work perfectly! We're still on schedule! Smiley

Some pics: Maglev from Pudong airport and H-board gets vertigo.





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August 21, 2013, 08:35:32 PM
 #709

This is great for customers buying miners, but it's still not clear how many THs are being shipped before getting to 100/200TH and an estimated date for them to be fully deployed.

Many unanswered questions on top of major delays. . .

-send a team member to China to in-person test this rig

Good news everyone!

And greetings from Shanghai!

Just got batch of 20 boards from the factory and tested them. They work perfectly! We're still on schedule! Smiley

Some pics: Maglev from Pudong airport and H-board gets vertigo.

buzzdave
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August 21, 2013, 10:55:16 PM
 #710

This is great for customers buying miners, but it's still not clear how many THs are being shipped before getting to 100/200TH and an estimated date for them to be fully deployed.

Many unanswered questions on top of major delays. . .

-send a team member to China to in-person test this rig

Good news everyone!

And greetings from Shanghai!

Just got batch of 20 boards from the factory and tested them. They work perfectly! We're still on schedule! Smiley

Some pics: Maglev from Pudong airport and H-board gets vertigo.


Lets compile the unanswered questions here and I'll try to answer them.  Here's what I plan on doing:
-Receive product, immediately set it up and run 24hr testing into 100TH mine
-Pull off tested product for retail product shipping
-Replenish racks with more newly received gear to test.
-Repeat this process until August orders are out the door (I estimate 3-4 days of this process)
-At this point, the 100TH hashpower should stop fluctuating and start growing as more product arrives.

There are more boards on the way, so we don't expect a break after we finish deploying the first batch of boards.  The timeframe I'm most fuzzy about is how long to deploy the extra hashpower from 100TH -> 200TH.  I would estimate weeks, not months.

creativex
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August 21, 2013, 11:03:23 PM
 #711

It's actually kind of refreshing to see a vendor admitting they'll be testing on main net. Wink

Thanks for the info Dave.

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August 21, 2013, 11:09:14 PM
 #712

It's actually kind of refreshing to see a vendor admitting they'll be testing on main net. Wink

Thanks for the info Dave.

Heh...well it's a bit different with a vendor that has public investors who are expecting to profit from mining operations vs say BFL, KNC or Avalon who's customers who have no option to profit from any private mining done by those firms.

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August 21, 2013, 11:24:06 PM
 #713

-send a team member to China to in-person test this rig

Good news everyone!

And greetings from Shanghai!

Just got batch of 20 boards from the factory and tested them. They work perfectly! We're still on schedule! Smiley

Some pics: Maglev from Pudong airport and H-board gets vertigo.






welcome to my country。

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Dexter770221
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August 22, 2013, 08:09:04 AM
 #714

So we may observe some terahashes spikes for about week and then steady increase up to 100TH?
This test will be on some pool or solo mining?
Finally something is happening Wink

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mumung
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August 22, 2013, 11:58:50 AM
 #715

Up to 200TH actually.
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August 22, 2013, 12:31:22 PM
 #716

Up to 200TH actually.
Yes of course, but thats a more distant future.

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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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August 22, 2013, 09:24:21 PM
 #717

where are we mining or will be mining?

Thanks

Phil



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August 22, 2013, 09:46:57 PM
 #718

@OP... why dont you want to raise the TH you mine with constantly and make this a constant project? I mean you have access to miners at cost so you could make this into a second Asicminer. But when stopping at 200TH it will go down and end only.
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August 22, 2013, 09:55:06 PM
 #719

hi

does anyone knows  who is mining here?

https://ghash.io/


thanks
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August 22, 2013, 10:42:52 PM
 #720

I think bitfury with his private operation.

bullish on Bitcoin + Peercoin
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