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

[furuknap]

Speculations, speculations, speculations....

Don't sell a skin on living bear...

I think the better statement here would be "don't buy the skin until the bear is dead".

.b

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[MPOE-PR]

I went and checked nethash, to my shock and surprise it hasn't appreciably changed. Then I come here because literally I could not believe my eyes, how could the nethash not move with such a prestigious scamchange bringing online such a prestigious self-dreamed up scamsset! And then what do I see?!

Almost everyone is delaying though, so we're still somewhat on course.

I have read that again, where I wonder? Oh, I know! Hello 2012, nice to meet you again. Will you be staying for the rest of the year?

If outside the operator and his shills there exist any idiots that actually sent their .1 BTC or w/e into this black hole I would very much like to recommend you diversify into other great ventures, like perhaps this, or maybe bAsic. Good luck!

Two weeks later. Should I check back in two weeks?

[shadallion]

So glad I sold my whole stake a few weeks ago.  These guys are on vacation or something.  In a market with explosive performance everywehre, 100th is totally stagnated and playing the waiting game. 

I'll check back in October.

[gyverlb]

I've some new BTC to invest, could people spread a little more FUD on 100th so that the price goes down a bit more before I buy?

Thanks for your benevolent help.

[buzzdave]

We are having problems finding contractors able to produce and assemble PCBs for us. The best time we are getting for the completion of the process is 2013-07-25. We will try to get faster production schedule but current worse case scenario is deployment of the mine by the end of July.

It's been 10 days since this report now. Could we get an update soon? How is the hunt for contractors going?

I can share some info I got via PM on the 5th. They've sent chips out to be assembled with PCB and hope to have them done in 20 days (from the 5th). After they get the boards, it will be very quick (maybe a day) to rack the hardware.


I believe the hardware 100TH is deploying is the same being sold by megabigpower and bitfurystrikesback, so you can see how simple it is to assemble those boards. One thing that I'd have a question about is if there is enough power at the data center. The original power estimates in the business plan say the mine will require ~25kW, but based on the H-Board hardware it looks like it will be more like 62.5-100 kW (big range...website states 400W per 400GH, but I think buzzdave stated 250-300W). The other thing to worry about is network capacity and the private pool setup. I know ASICMINER was slow to deploy due to network load...hopefully that problem has been anticipated.

Kaerf is right - its a lot more power and cooling than a 25kW load.  I'm planning for 100kW critical load with AC on top of that, with headroom.  All my switches are pro-level gig switches and my primary internet feed is fiber, uncapped at 100mbit.  Redundant feed will be less awesome though.

[buzzdave]

The lack of response isn't exactly reassuring. I am prob dumping my stock soon if nothing is communicated.

Apologies for the radio silence.  I can personally attest to the number of hours Tytus is putting into making this project a success.  I can assure you he's working very hard on the investors' behalf, and probably just let the updates slide.

[gyverlb]

The lack of response isn't exactly reassuring. I am prob dumping my stock soon if nothing is communicated.

Apologies for the radio silence.  I can personally attest to the number of hours Tytus is putting into making this project a success.  I can assure you he's working very hard on the investors' behalf, and probably just let the updates slide.

Dammit Dave, you'll make all these cheap investment disappear with such reassurances :-)

Jokes set aside, good to get updates about the mine. Hope you'll take (/you are taking) pictures along the way when setting it up. Please review pictures for any information relevant to physical security before posting them though.

[MPOE-PR]

I've some new BTC to invest, could people spread a little more FUD on 100th so that the price goes down a bit more before I buy?

Thanks for your benevolent help.

Let's quote from back when you were pushing the (first) Basic scam:

These ASICs mishaps will have one positive effect: at least people purchasing mining equipment telling themselves fairy tales will look a get rich quick scheme elsewhere.

You're a certified idiot, you know this, right?

[gyverlb]

I've some new BTC to invest, could people spread a little more FUD on 100th so that the price goes down a bit more before I buy?

Thanks for your benevolent help.

Let's quote from back when you were pushing the (first) Basic scam:

These ASICs mishaps will have one positive effect: at least people purchasing mining equipment telling themselves fairy tales will look a get rich quick scheme elsewhere.

You're a certified idiot, you know this, right?

I know I'm sitting on a pile of BTCs from previous investments that I won't reinvest on MPOE...



I may lose some on 100th if they f*ck it up and this wouldn't be the first time I lose BTC. This is all about controlled and distributed risk and in the end I'm quite happy with my investments, thank you.

[dRMergatroid]

Things are getting a little tense here...

Can't wait to look back and see who's crowing and who's trolling some other thread in a month.

If you can read technical russian (thanks Google Translate) you can sort of follow the progress of 100th by following the current posts of the lead peeps...as they hash out the wrinkles

If that's BS, it's some very high grade BS.



I'm holding, and I'm sorry if you need the money now and have to sell your stock.
Sucks for you.

[furuknap]

Things are getting a little tense here...

Can't wait to look back and see who's crowing and who's trolling some other thread in a month.

If you can read technical russian (thanks Google Translate) you can sort of follow the progress of 100th by following the current posts of the lead peeps...as they hash out the wrinkles

If that's BS, it's some very high grade BS.



I'm holding, and I'm sorry if you need the money now and have to sell your stock.
Sucks for you.

Why would Russians be involved in getting 100th up at this point? Or are you refering to Bitfury who has already demonstrated the chips work and is thus irrelevant at this point?

100th now is dependent on Polish and US people; Polish because the founders are Polish and US because the hoster is in the US.

The issue now isn't whether Bitfury delivers; we've already determined that. The issue now is how are they going to pay for the additional expenses the suddenly got (increasing power to data center, issues with PMBs, etc). If they cannot get the funds from the market (and it seems they are struggling) what are the backup plans? What is the risk they can't raise funds at all and will default?

It is fairly obvious that the market sees this risk, as prices have literally crashed in the previous month, despite the mine now being ever closer to launch. Where other fixed-rate mining assets have fallen perhaps 10-20%, 100TH has fallen 60% from the previous top at just under 0.5.

If you are confident, however, you should buy. Simple as that.

.b

[buzzdave]

Tytus doesn't need funds from the 100TH shares, neither do I for getting the facility ready. 

Tytus made it clear from very early that he didn't want speculators running the price up on the unaware shareholders.  He's happier with 100TH at this price than at at .50 - I'll make sure to provide a solid update for you very soon to ease your nerves. Give me a day or two.

[furuknap]

Tytus doesn't need funds from the 100TH shares, neither do I for getting the facility ready. 

Tytus made it clear from very early that he didn't want speculators running the price up on the unaware shareholders.  He's happier with 100TH at this price than at at .50 - I'll make sure to provide a solid update for you very soon to ease your nerves. Give me a day or two.

Hang on...

=> we will sell shares next week (at market price) to get funds for additional expenses. I have no idea how many but most likely not more than 5000 shares.

So that was just a lie? This need just disappeared?

I'm really looking forward to the update. There is some serious explaining that needs to happen.

.b

[buzzdave]

Tytus doesn't need funds from the 100TH shares, neither do I for getting the facility ready. 

Tytus made it clear from very early that he didn't want speculators running the price up on the unaware shareholders.  He's happier with 100TH at this price than at at .50 - I'll make sure to provide a solid update for you very soon to ease your nerves. Give me a day or two.

Hang on...

=> we will sell shares next week (at market price) to get funds for additional expenses. I have no idea how many but most likely not more than 5000 shares.

So that was just a lie? This need just disappeared?

I'm really looking forward to the update. There is some serious explaining that needs to happen.

.b

I've said before, Tytus has other resources.  He doesn't need to publicly disclose where he gets his funding from.

[furuknap]

I've said before, Tytus has other resources.  He doesn't need to publicly disclose where he gets his funding from.

I'm sure he has and that is evident from the various funder accounts, but the question remains; is he (or his sources) donating these funds to the investors out of the goodness of their hearts? If not, how will this be paid back? If it is a kind gift, knowing the amount will certainly be important to determine the investments.

.b

[buzzdave]

I've said before, Tytus has other resources.  He doesn't need to publicly disclose where he gets his funding from.

I'm sure he has and that is evident from the various funder accounts, but the question remains; is he (or his sources) donating these funds to the investors our of the goodness of their hearts? If not, how will this be paid back? If it is a kind gift, knowing the amount will certainly be important to determine the investments.

.b

100TH shareholders benefit from being part of a bigger picture (production of Bitfury chips and the mining hardware for sale).  Tytus and Bitfury are investing in that business, which insures that 100TH gets built and shareholders get the mining output that they purchased.  Tytus manages all this, so I don't know what amount of funding he allocates as coming from 100TH versus other sources.

I'm just trying to address the accusation that 100TH is somehow in trouble because Tytus didn't sell the 5,000 share block he talked about.  100TH is in fact assured because there are so many people getting behind the bigger effort.  What 100TH benefits from most is that the first production run of boards was allocated 100% to those shareholders, is already in production and will be mining well before retail product begins to ship.

[furuknap]

100TH shareholders benefit from being part of a bigger picture (production of Bitfury chips and the mining hardware for sale).  Tytus and Bitfury are investing in that business, which insures that 100TH gets built and shareholders get the mining output that they purchased.  Tytus manages all this, so I don't know what amount of funding he allocates as coming from 100TH versus other sources.

I'm just trying to address the accusation that 100TH is somehow in trouble because Tytus didn't sell the 5,000 share block he talked about.  100TH is in fact assured because there are so many people getting behind the bigger effort.  What 100TH benefits from most is that the first production run of boards was allocated 100% to those shareholders, is already in production and will be mining well before retail product begins to ship.

This is reassuring and quite different from what we've read and been told already. I'm surprised at the mixing of 'the bigger effort' and 100th, though, but as a fixed-rate mining bond, it shouldn't affect the operation.

As my next suggestion, I would like to propose hiring someone to actually deal with market communication, and like suggested before, remove tytus' ability to manipulate the market.

I'm looking forward to the more comprehensive update.

.b

[gyverlb]

I may lose some on 100th if they f*ck it up and this wouldn't be the first time I lose BTC. This is all about controlled and distributed risk and in the end I'm quite happy with my investments, thank you.

You sound a lot like goat. How about a Bitcoin for shoving a thick something in your asshole and posting the pics? Double your bankroll or something.

Vulgarity is the weapon of the mediocre. Seems you are quite accustomed to it and still mad enough to use it.

Nothing worthwhile seems to have come out of this little jab, it didn't even manage to be fun. Seems lil' MPOE-PR can't remain long out of jail without getting into troubles. Meet my ignore-list once again little troll, I may come back to free you someday... or not.

[greaterninja]

I am interested in buying shares.  Do i go through a trusted member or through the website??

Ok back to eating my SuperStar from Carl's Jr.  

[dRMergatroid]

Stock can be bought at picostocks.com

https://picostocks.com/stocks/view/19

Buy before the next announcement or kick yourself.