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

[pitchbend]

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).

[kaerf]

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.

[superduh]

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

[gyverlb]

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.

[superduh]

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)

[gyverlb]

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.

[iCEBREAKER]

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?   

[Franktank]

Things are starting to heat up....

Will be watching this one closely now...

[johnny5]

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]

Any official update on the current status?

[Dexter770221]

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.

[ecliptic]

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.

[punin]

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

here

[furuknap]

Watching. Carefully.

[Fabrizio89]

He expect to recive bare wafers on may 16th.

Today's the day.

[punin]

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

[MPOE-PR]

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....

[yuchuanzhen]

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.

[hak8or]

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.

[Dexter770221]

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