Bitcoin Forum
October 23, 2017, 07:04:51 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 [49] 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 »
  Print  
Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 466341 times)
gyverlb
Hero Member
*****
Offline Offline

Activity: 896



View Profile
September 13, 2013, 06:53:18 PM
 #961

So does one share of 100TH account for potentially 400MH/s? Will this mine grow beyond 200TH? I bought some shares late in the game and just wanted to gauge if it would be worthwhile to hold it for the long term.

This mine will NOT grow beyond 200TH, these are essentially PMBs. If you bought at IPO, you'll get your ROI but if you're buying now, you're only giving your money away. IPO investors basically paid for R&D of Bitfury's "shovel"; in turn, they get a discounted "shovel" at a later date.   

Unless you are one of the founders, you have absolutely no idea what the end-goal of the project is. It's up to the founders to motion for altering the parameters just as they switched the hashing power from 100-200TH at one point they can choose to alter the project goals with share holder approval at any time.
Can one of the founders please comment on the above? It would make a difference between holding my shares or selling it now.

There's no plan to add more power and it would be in direct contradiction with the business plan any shareholders should have read (see picostocks site).
As the shares are not voting shares there's no way the business plan could change without violating the contract between the mine and it's shareholders. If the founders kept some revenue to reinvest shareholders would be entitled to ask for this revenue back: it just can't happen.

P2pool tuning guide
Trade BTC for €/$ at bitcoin.de (referral), it's cheaper and faster (acts as escrow and lets the buyers do bank transfers).
Tip: 17bdPfKXXvr7zETKRkPG14dEjfgBt5k2dd
1508785491
Hero Member
*
Offline Offline

Posts: 1508785491

View Profile Personal Message (Offline)

Ignore
1508785491
Reply with quote  #2

1508785491
Report to moderator
Satoshi is no god. He did not come down from the mountain with 10 golden rules engraved in stone for no one to question.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508785491
Hero Member
*
Offline Offline

Posts: 1508785491

View Profile Personal Message (Offline)

Ignore
1508785491
Reply with quote  #2

1508785491
Report to moderator
kaerf
Hero Member
*****
Offline Offline

Activity: 631


View Profile
September 13, 2013, 07:15:13 PM
 #962

here's an approximate hash rate for the mine based on the dividend address

http://i.imgur.com/vB6jx3f.png
^ Cool ^

Our in-house numbers say 40TH, and a number of racks remain un-optimized.  Today we worked on automagic restarts to keep everything running as much as possible.  Optimizing passes should be finished tomorrow.  We have hardware running that amounts to theoretical 65TH if every rig is running 400G, so we should see some good improvements.  Next week more new hardware will be landed.




yup, the latest estimates show 40+TH/s

greaterninja
Hero Member
*****
Offline Offline

Activity: 896


View Profile
September 13, 2013, 07:45:13 PM
 #963

If the 100TH asset is yielding .00004296 BTC per share ~12 times a day right now then that means.  Its yielding about ~0.000483 BTC per share, per day at 40TH/s.

Thats $.0675 cents a day per share. at 40 TH/s when BTC trades for $140/BTC.

If each share costs .31BTC, then to buy 100 shares it would cost 31BTC = $4340 USD at 140/BTC exchange rate.

100 shares would earn ~.048257BTC / day divdends or ~$6.755 / day   @ 40TH/s rate

So, If we are at 40TH/s now and .048257BTC/day is made, then 200TH/s would make ~.241283 BTC / day

It would take at least 128 days to make ROI in BTC for 100 shares bought at .31BTC / share.   Thats not even being conservative.  I would estimate ROI in BTC would take at least 6 months with difficulty jumping 20-35% every 10-12 days.

With it all said, at least this investment would most likely make ROI within a year.

buzzdave
VIP
Sr. Member
*
Offline Offline

Activity: 472



View Profile WWW
September 14, 2013, 12:08:37 AM
 #964

here's an approximate hash rate for the mine based on the dividend address

http://i.imgur.com/vB6jx3f.png
^ Cool ^

Our in-house numbers say 40TH, and a number of racks remain un-optimized.  Today we worked on automagic restarts to keep everything running as much as possible.  Optimizing passes should be finished tomorrow.  We have hardware running that amounts to theoretical 65TH if every rig is running 400G, so we should see some good improvements.  Next week more new hardware will be landed.




yup, the latest estimates show 40+TH/s



Just hit 50TH!

Bitweasil
Sr. Member
****
Offline Offline

Activity: 420


View Profile
September 14, 2013, 12:14:24 AM
 #965

Just hit 50TH!

\o/

Awesome!

Are people adding hardware over the weekend?

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
buzzdave
VIP
Sr. Member
*
Offline Offline

Activity: 472



View Profile WWW
September 14, 2013, 04:50:03 AM
 #966

Just hit 50TH!

\o/

Awesome!

Are people adding hardware over the weekend?

Not hardware, but optimizing will continue (swapping out bad cards, tweaking rigs, etc.)  We want to run every rig at 400G, which would give us 65TH even now.  More hardware deploys next week - I expect we'll surpass the original 100TH goal.

Current stats are low due to a little issue at the pool, resolved, no shares were missed.

goxed
Legendary
*
Offline Offline

Activity: 1666


Mining hardware dev and reviewer.


View Profile
September 14, 2013, 05:06:37 AM
 #967

@1200TH you guys will single handedly control almost 1/9th of the network next week Wink

Looking to review Bitcoin / Crypto mining Hardware.
Transisto
Donator
Legendary
*
Offline Offline

Activity: 1722



View Profile WWW
September 14, 2013, 06:28:15 AM
 #968

Just hit 50TH!

\o/

Awesome!

Are people adding hardware over the weekend?

Not hardware, but optimizing will continue (swapping out bad cards, tweaking rigs, etc.)  We want to run every rig at 400G, which would give us 65TH even now.  More hardware deploys next week - I expect we'll surpass the original 100TH goal.

Current stats are low due to a little issue at the pool, resolved, no shares were missed.
Isn't the updated goal 200TH ?
yuchuanzhen
Full Member
***
Offline Offline

Activity: 237



View Profile WWW
September 14, 2013, 06:46:04 AM
 #969


Not hardware, but optimizing will continue (swapping out bad cards, tweaking rigs, etc.)  We want to run every rig at 400G, which would give us 65TH even now.  More hardware deploys next week - I expect we'll surpass the original 100TH goal.

Current stats are low due to a little issue at the pool, resolved, no shares were missed.
Isn't the updated goal 200TH ?

He means next week..

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
snowdropfore
Hero Member
*****
Offline Offline

Activity: 671



View Profile
September 14, 2013, 01:45:50 PM
 #970

could  we just not stop at 200TH? Smiley

                               
           ░▓█████████████████▓░
          ▒▓██▓▓▓▓▓▓▓▓▓▓▒▓▒▒▒██▓▒░
      ░▒▓███▓                 ▒██▓▓▒░░    ░
▓▒███████▓▒        ░▒▒▒▒▒▒▒░    ░▓▓▓██▓▓▓▒▓
▒░██▒░░         ▒▓▓▓▓▒▒▒▒▓▓██▓▒     ░ ▒▓▓░▓
░▒▓█▒         ▒█▓▓▒▒▒▒▒▒▒▓▓▓████▓▓▒   ▒█▓▒▒
 ▒░██        ██▒▒▒▒▒▒▒▒▒▒▒▒▒░▒▒░██▒   ██▒▒
 ▓░▓█▒      ██▒▒▒▒▒▒░▒░░▒▒▒░░▒▓██▓   ▒██░▒
 ░▓░█▓     ▓█▓▒░▒▒▒▒▒▒▒░░░▒▒▓▓▓▓▓▒   ██░▓░
  ▓▒▒█▓  ▓▒█▓▒▒▓▓▒░▒░░░▒▒▒▒▒▒▒▒ █▒  ██▓░▓
   █░▒█▓ ▓███▓▒▒░░▒▒▒▒▒▒▒▒▒▒▒░ ▓█  ██▓ ▓
    █░▓█▓ ░██▓███▓▓▒▒▒▒▒▒▒░▒▒▓██  ██▓░▓
    ░█░▒██  ░ ░▓███████▓██████▒  ██▒░▓
      █▒░██▓      ░▒▒▓▓▓▓▒▒░   ▓██░▒▓
       ▓▓░▒██▒               ▒██▓░▓▓
        ░█▓░▓██▒           ▒██▓░▓█░
          ▒█▓░▓██▓       ▓██▓▒▓█▒
            ▒█▓▒▒███░ ▒███▒▒▓█▒
              ▒██▓▒▓███▓▒▒██▒
                ░▓██▒▒▒███░
                   ▒███▒














tinyfox266
Member
**
Offline Offline

Activity: 67


View Profile
September 14, 2013, 02:22:25 PM
 #971

could  we just not stop at 200TH? Smiley
Really hope so!!! How about reinvestment?
tarmi
Legendary
*
Offline Offline

Activity: 1022



View Profile
September 14, 2013, 02:26:03 PM
 #972

give bitfury some time to design another 28 nm masterpiece.  Grin
Dexter770221
Legendary
*
Offline Offline

Activity: 1029


View Profile
September 14, 2013, 05:02:54 PM
 #973

give bitfury some time to design another 28 nm masterpiece.  Grin
Since he have working design, migrating it to 28nm shouldn't be a problem. Just add more cores to achieve resonable die area.
Problem may be to get proper funds to full mask at 28nm. Here may step up shareholders of 100TH mine but I think that this would require changes to bussiness plan.

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.
Dexter770221
Legendary
*
Offline Offline

Activity: 1029


View Profile
September 14, 2013, 07:10:06 PM
 #974

Hashrate dropped about 10TH. Comment?

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.
snowdropfore
Hero Member
*****
Offline Offline

Activity: 671



View Profile
September 15, 2013, 12:03:48 AM
 #975

since we have a so bright future,why not change plan? I think reinvestment is a good idea.

                               
           ░▓█████████████████▓░
          ▒▓██▓▓▓▓▓▓▓▓▓▓▒▓▒▒▒██▓▒░
      ░▒▓███▓                 ▒██▓▓▒░░    ░
▓▒███████▓▒        ░▒▒▒▒▒▒▒░    ░▓▓▓██▓▓▓▒▓
▒░██▒░░         ▒▓▓▓▓▒▒▒▒▓▓██▓▒     ░ ▒▓▓░▓
░▒▓█▒         ▒█▓▓▒▒▒▒▒▒▒▓▓▓████▓▓▒   ▒█▓▒▒
 ▒░██        ██▒▒▒▒▒▒▒▒▒▒▒▒▒░▒▒░██▒   ██▒▒
 ▓░▓█▒      ██▒▒▒▒▒▒░▒░░▒▒▒░░▒▓██▓   ▒██░▒
 ░▓░█▓     ▓█▓▒░▒▒▒▒▒▒▒░░░▒▒▓▓▓▓▓▒   ██░▓░
  ▓▒▒█▓  ▓▒█▓▒▒▓▓▒░▒░░░▒▒▒▒▒▒▒▒ █▒  ██▓░▓
   █░▒█▓ ▓███▓▒▒░░▒▒▒▒▒▒▒▒▒▒▒░ ▓█  ██▓ ▓
    █░▓█▓ ░██▓███▓▓▒▒▒▒▒▒▒░▒▒▓██  ██▓░▓
    ░█░▒██  ░ ░▓███████▓██████▒  ██▒░▓
      █▒░██▓      ░▒▒▓▓▓▓▒▒░   ▓██░▒▓
       ▓▓░▒██▒               ▒██▓░▓▓
        ░█▓░▓██▒           ▒██▓░▓█░
          ▒█▓░▓██▓       ▓██▓▒▓█▒
            ▒█▓▒▒███░ ▒███▒▒▓█▒
              ▒██▓▒▓███▓▒▒██▒
                ░▓██▒▒▒███░
                   ▒███▒














bitbytes
Newbie
*
Offline Offline

Activity: 23


View Profile
September 15, 2013, 12:28:23 AM
 #976

Meanwhile the Bitfury private pool at http://ghash.io is over 170TH

give bitfury some time to design another 28 nm masterpiece.  Grin
tarmi
Legendary
*
Offline Offline

Activity: 1022



View Profile
September 16, 2013, 01:52:49 PM
 #977

wow, price down to

0.07
snowdropfore
Hero Member
*****
Offline Offline

Activity: 671



View Profile
September 16, 2013, 02:03:22 PM
 #978

price0.07.wow ,WTF

                               
           ░▓█████████████████▓░
          ▒▓██▓▓▓▓▓▓▓▓▓▓▒▓▒▒▒██▓▒░
      ░▒▓███▓                 ▒██▓▓▒░░    ░
▓▒███████▓▒        ░▒▒▒▒▒▒▒░    ░▓▓▓██▓▓▓▒▓
▒░██▒░░         ▒▓▓▓▓▒▒▒▒▓▓██▓▒     ░ ▒▓▓░▓
░▒▓█▒         ▒█▓▓▒▒▒▒▒▒▒▓▓▓████▓▓▒   ▒█▓▒▒
 ▒░██        ██▒▒▒▒▒▒▒▒▒▒▒▒▒░▒▒░██▒   ██▒▒
 ▓░▓█▒      ██▒▒▒▒▒▒░▒░░▒▒▒░░▒▓██▓   ▒██░▒
 ░▓░█▓     ▓█▓▒░▒▒▒▒▒▒▒░░░▒▒▓▓▓▓▓▒   ██░▓░
  ▓▒▒█▓  ▓▒█▓▒▒▓▓▒░▒░░░▒▒▒▒▒▒▒▒ █▒  ██▓░▓
   █░▒█▓ ▓███▓▒▒░░▒▒▒▒▒▒▒▒▒▒▒░ ▓█  ██▓ ▓
    █░▓█▓ ░██▓███▓▓▒▒▒▒▒▒▒░▒▒▓██  ██▓░▓
    ░█░▒██  ░ ░▓███████▓██████▒  ██▒░▓
      █▒░██▓      ░▒▒▓▓▓▓▒▒░   ▓██░▒▓
       ▓▓░▒██▒               ▒██▓░▓▓
        ░█▓░▓██▒           ▒██▓░▓█░
          ▒█▓░▓██▓       ▓██▓▒▓█▒
            ▒█▓▒▒███░ ▒███▒▒▓█▒
              ▒██▓▒▓███▓▒▒██▒
                ░▓██▒▒▒███░
                   ▒███▒














Dexter770221
Legendary
*
Offline Offline

Activity: 1029


View Profile
September 16, 2013, 02:13:07 PM
 #979

Someone was nervous Smiley

EDIT: shareholder with Wic8 end address fulfilled bids, she/he has over 3k shares. So it's marginal move, but there's so small amount of bids that caused significant price drop. IMHO, nothing unusual.

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.
Bitweasil
Sr. Member
****
Offline Offline

Activity: 420


View Profile
September 16, 2013, 02:31:44 PM
 #980

The word you're looking for is "Buying opportunity." Smiley

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 [49] 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!