[PicoStocks] 100TH/s bitcoin mine [100th]

[cedivad]

How is the IPO going?

[MPOE-PR]

Its refreshing to see some detail being posted on the project - great stuff guys!

For my part, I have experience building server rooms, racking, cabling and interconnects.  I have already identified a build team for the May/June timeframe that will help me bring up 100TH in as short a time as possible.  The low heat dissipation is comforting, but with high density racks, I'll be looking closely at our cooling requirements & options.  This will be a new adventure with totally new challenges.  As we get nearer to reality, I will post up some stats and pictures of the facility.

Megabigpower.com is a startup company tailored to support 100TH as the first large scale mining customer.  This will be my primary focus.  Additional support for smaller mining rigs or other manufacturers will be added over time.

The megabigpower.com hosting facility is 2,500 sq. feet, expandable to 10,000 sq. feet and enjoys commercial power rates of 2.4c kWh down to as low as 1.7c kWh.  I expect it to be one of only a few viable large scale mining options in the long term.

This shit has to be saved for later. Comedy gold.

Waiting for the BTCTalk post in which Qusay Hussein hypes his plans to invade Texas. He has experience after all, neh?

[creativex]

Bully.

[cedivad]

There is one thing i don't get.
How much you raised so far? If the IPO ends in a few days, you won't be able to proceed if it's not enough, correct?

[MPOE-PR]

There is one thing i don't get.
How much you raised so far? If the IPO ends in a few days, you won't be able to proceed if it's not enough, correct?

You don't fully understand Fantasia. While actual businesses back down here on Earth are hindered by issues such as lack of cash, Fantasia stuff like this can easily buy three times all the bASIC production. Heck, he could buy a majority stake in Google if he wanted. You just have to believe.

[cedivad]

Not sure if trolling or what, but it's i was afraid of.

[tytus]

There is one thing i don't get.
How much you raised so far? If the IPO ends in a few days, you won't be able to proceed if it's not enough, correct?

IPO ends on Friday [ca. 24:00 CET].
We have enough funds for the NRE (and enough to place bids for ca. 500k shares of 100TH-mine).
Most of the funds come from investors I talked with and they pledged funds in USD. We need USD to pay the foundry so this is quite valuable for us because of timing. I will convert the pledged funds internally to BTC and create the bids for the investors probably tomorrow [they have no experience with BTC so far :-)].
It is quite common that during IPO most of the funds come from people You know. Only maybe 5%-10% are from private people that just react to the public offer.
Due to the increase of BTC we will probably set the price at 0.04BTC per share.

[MPOE-PR]

It is quite common that during IPO most of the funds come from people You know. Only maybe 5%-10% are from private people that just react to the public offer.

The advantages of Fantasia remain fascinating.

Leaving all the numerous other problems aside, how in the blooming hells would you know what "is common"? You've never been involved with anything even remotely related. You may think pretending is "professional" or whatever, but acting like you have experience and knowledge you don't have is simply dishonest (and in this case fraudulent, too). Don't expect it to pay off.

[EskimoBob]

It is quite common that during IPO most of the funds come from people You know. Only maybe 5%-10% are from private people that just react to the public offer.

The advantages of Fantasia remain fascinating.

Leaving all the numerous other problems aside, how in the blooming hells would you know what "is common"? You've never been involved with anything even remotely related. You may think pretending is "professional" or whatever, but acting like you have experience and knowledge you don't have is simply dishonest (and in this case fraudulent, too). Don't expect it to pay off.

LOL! WTF MPOE-PR BS, this is exactly what you and your egomaniac master, shit peddler Mircea Popescu, are doing every fkn day - acting like you have experience and knowledge you don't have.

MPOE-BS, you are actually not wrong, it's just funny coming from a spammer and a troll like you.

[buzzdave]

The advantages of Fantasia remain fascinating.

Leaving all the numerous other problems aside, how in the blooming hells would you know what "is common"? You've never been involved with anything even remotely related. You may think pretending is "professional" or whatever, but acting like you have experience and knowledge you don't have is simply dishonest (and in this case fraudulent, too). Don't expect it to pay off.

Lets try to keep the trolling coherent please.

[ZoladkowaGorzka]

IPO's ending today?

[MPOE-PR]

Lets try to keep the trolling coherent please.

I'm glad to hear that you've pushed a few more people a few more btc after the last time I bitchslapped you, but no, you're still not walking away from this.

Posturing is not going to help you, and historically it has brought down significantly larger items. Forget about it.

[tytus]

IPO's ending today?

Yes

[techwtf]

1 How do you think why BFL / bASIC delayed (or even failed)?

2 What have been done to make sure the chip power consumption really fall in the expected range? (this is personal guess of failure reason)

[tytus]

1 How do you think why BFL / bASIC delayed (or even failed)?

2 What have been done to make sure the chip power consumption really fall in the expected range? (this is personal guess of failure reason)

2.
Simulations were conducted using Nanosim on whole hashing cores (parasitics extracted with StarRCXT, Calibre PEX). Because we use standard CMOS the power analysis is quite accurate. The total power dissipation of the chip is not the only problem. The other potential problem is related to local peeks of high power consumption. This is why bitfury mentioned 'bypass capacitance', that store power locally next to vulnerable areas (flip flops).
A separate issue is the yield. If 50% of chips are broken you have problems assembling functional devices. We hope our chips will be more resistant to physical process errors (at foundry) because they have more hashing cores (>600) that can be turned of if they don't work correctly and because the control structure is build using much bigger elements, multiple vias, etc. (design for manufacturability).

[johnyj]

Just read your plan, I think the biggest risk is BTC exchange price, is there any hedge against a sudden crash in BTC price like what happened in 2011?

[tytus]

Just read your plan, I think the biggest risk is BTC exchange price, is there any hedge against a sudden crash in BTC price like what happened in 2011?

I think this would not be a problem at all. People would stop buying more hardware and we would keep a significant share of the mining market for longer. In fact, due to better power performance (guess, as we don't know BFL numbers) we are more profitable under low BTC valuation conditions.

[cedivad]

So what will happen from tomorrow?
Will you sell your own shares @0.04?
Will you delete the project because of the little founding you raised?
If you raised enough via private founding, why you are bothering here?

[kaerf]

looks like they sold 518271 shares. IPO is now closed.

[cedivad]

looks like they sold 518271 shares. IPO is now closed.

They bought themselves.