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

[Dexter770221]

100 confirmations means predictable incomes in next ~16hours. Nice...

[circuitry]

In all that mess and excitment we just missed report
https://picostocks.com/docs/index/19

As a suggestion for future updates, it would be easier to notice in the asset page if the title of the post was not the same as the previous one

[RHA]

100 confirmations means predictable incomes in next ~16hours. Nice...

"We plan later"

[MPOE-PR]

If 1 share still represents 200 Mh/s then 1 BTC per share would be terrible value. You can get 200 Mh/s for 0.5379816 BTC right now from DMS.MINING and that price will get lower with every difficulty increase, just as these shares will. Why are you expecting the price to increase as value decreases? Then again, it wouldn't surprise me if it did hit 1 BTC per share because there's a lot of stupid people around who just seem to throw BTC at anything without doing any research or maths.

Why are you such a hater.

Meanwhile the nethash is still ~270.8 Th/s. I guess these brave folks managed to find a way to add 100 Th on a different network. Teh powar of imagination an' all.

So what's the plan here scamtroop, gonna run a Giga? Pay out 20-30% over about a year in .x% weekly increments' worth of fictitious "dividends" and then "have problems"?

[Dexter770221]

Another small dividends... Looks like paying scrypt is working hard

[oxfeeefeee]

Another small dividends... Looks like paying scrypt is working hard

0.00000053 ... I heard it saying "testing"

[stormos]

Is there a way to transfer 100TH's shares between picostocks users besides buying and selling?

[redmetal]

Why do you think a mining asset which provides a fixed hash rate would "skyrocket" with a small difficulty increase? Any difficulty increase at all means less income from the asset, therefore it's value decreases. That's just simple logic. If the share price increased due to a decrease in value, then that just proves my point that there are a lot of stupid people throwing money at stuff without doing the maths or any research. Logically, a decrease in value should result in a corresponding decrease in share price.

Right now, 200mhs at 0.4 gets you 200+% interest per year. If difficulty increased only by 5-10% per month, that would mean that in a year, the profit would still be in the 100-150% per year range.

Microsoft currently stands at around 3% per year. NASDAQ composite stands at somewhere between 4-7% per year. Something paying 25 times that would skyrocket over night.

You're forgetting that the market has already priced in the upcoming difficulty changes. Because of the fear that this will go on perpetually, the prices drop like rocks. However, if that doesn't happen (and there are already signs it may slow down when you see the skepticism about any mining investments these days) then profitability for these assets will be so high that they comparable prices would go through the roof. Megabigpower is struggling to sell out their 400 available October 400gh/s miners, and even if they sold all those today and had them in operation tomorrow, accounting for 100th, that would only keep the momentum of the current growth up for another month.

If difficulty completely stoppped today, any currently available mining asset that would survive more than 3 years would probably rise to 10-15 times its current price overnight. You'd still get your money back and beat most Wall Street investment funds by 200%.

If you need evidence of this, look at ASICMiner, where the market expects them to maintain their relative hash power for a long time. Right now, the market is paying 10x per hash of what they are paying for fixed-rate assets like 100TH, TAT.VM, and BFMines (ASICMiner now costs just over 10BTC for 200mhs). The market has no fear of difficulty increases becaus ASICMiner can grow. However, if difficulty stopped rising, the effect would be the same as if they rose perpetually because they would maintain, like ASICMiner is expected, their relative hash rate.

.b

Your an idiot. Your maths is wrong and so are your reasons. For starters 5-10% per month is far to low. The supplier your getting hardware from for BFmines is going to produce at least the 100th required for this before your measly 120ghs. So already thats a 35% increase or decrease of BFmines profitability, before you even get your hardware. And also if we where to use your false figures of 10% per month, the first month is 10% of the base number but months after this it would no longer be a straight line calc. 2nd month it would be 11% of base month. 3rd would be 12.1% ect. Ect. But a true figure would be more along the lines of 30%+ per month for at least 6months.
But even then based on your figures of 10% per month profitability of BFmines will be at 50% before november to what they could be now (if you where hashing) then in a year based on your stupid figures would be 25% of what they are now.
Onto the next stupid statment that only a 10year old could come up with. Comparing BFmines to Microsoft,  for this to be true BFmines would need to spend money on research and development,  but you don't, you will never increase the rate you are trying to sell now. Or on the otherside it would be like Microsoft only selling windows 95 now, and will continue only to ever sell windows 95.
As for your dumb comparison with BFmines to AM, people are willing to pay more as they offer development and profits from sales, yeah you get 30% pa but thats due to market share. You say on one hand global hash rate will only increase 10% per month but on the other you say AM wont be able to keep up with the increasr in hash rate. So which is it? Will AM not be able to keep pace ehich would put BFmines value to 0 or is it hash rate will not increase by much?
Take a look at what's on order atm, knc 500th bfl about the same, 100 of thousands of avalon chips,  Activemining gear, AM blades Bitfury and all the others.
even if these companies cant get the orders ready by end of the year and only if bitfury is the only one that delivers anything in the next 6 months, BFmines will be at least 50% less profitable, BFmines will never make your investors money back, I am willing to bet that, they will never gain more in dividends before you close up due to non-profitability.

[MPOE-PR]

Your an idiot.

Always a winner.

[furuknap]

Your an idiot.

Always a winner.

:-)

As for the rest of Redmetal's arguments, I've tried to get him to learn reading for a long time but he seems incapable of grasping anything that doesn't use simple pictures and preferably not too many of them. If he ever gets to a point where he actually comprehends basic language, I'll try to introduce argumentation concepts like strawman arguments into his understanding so that he doesn't do them with virtually every sentence he utters.

I'm not hopeful, though.

Needless to say, every argument he makes here (and elsewhere) has been refuted numerous times and are based on facts he seems to invent as it pleases his arguments. They all also apply to 100TH so that is, I'm assuming, why he feels it necessary to repeat them here.

.b

[redmetal]

Your an idiot.

Always a winner.

:-)

As for the rest of Redmetal's arguments, I've tried to get him to learn reading for a long time but he seems incapable of grasping anything that doesn't use simple pictures and preferably not too many of them. If he ever gets to a point where he actually comprehends basic language, I'll try to introduce argumentation concepts like strawman arguments into his understanding so that he doesn't do them with virtually every sentence he utters.

I'm not hopeful, though.

Needless to say, every argument he makes here (and elsewhere) has been refuted numerous times and are based on facts he seems to invent as it pleases his arguments. They all also apply to 100TH so that is, I'm assuming, why he feels it necessary to repeat them here.

.b

I do find it terribly hard to read. When its utter bull

[redmetal]

oh and irrifutable evidence based on 10% increase only per month puts income over a 12 month period for BFmines is only 0.003 BTC, this is using your bull only 10% per month increase and including 20% bonus dividends. I have used 1gh of power for easier readability (costing 4btc for 1gh/s, 0.004*1000)


Bfmines   (costing for 1gh 4BTC)         
10% increase per month

Date   Global Hash Rate   Earnings Bonus 30/07/2013   275000   0    31/08/2013   302500   0    30/09/2013   332750   0.3888   0.07776 31/10/2013   366025   0.34992   0.069984 30/11/2013   402627.5   0.314928   0.0629856 31/12/2013   442890.25   0.2834352   0.05668704 31/01/2014   487179.275   0.25509168   0.051018336 28/02/2014   535897.2025   0.229582512   0.045916502 31/03/2014   589486.9228   0.206624261    30/04/2014   648435.615   0.185961835    31/05/2014   713279.1765   0.167365651    30/06/2014   784607.0942   0.150629086    31/07/2014   863067.8036   0.135566178                          2.667904402   0.364351478 Total earning for the period            3.032255881

A nice loss of of 25%. then look at this for say a figure 20% increase per month. or how it is at the moment 30%+

[furuknap]

I have used 1gh of power for easier readability

Sometimes, it is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt, as mr. Clemens would have said.

And, as we all know, any investment that yields 75% in a year is a damn disaster and a scam.

.b

[redmetal]

You fool, 75% based on an increase of 10% per month(more like 20% p/a with the increase in hash rate), sure 75% dividends but what will the share price be? it would have to be at least 0.001 to get your money back, your fund has already lost its investors money without earning anything(gone from 0.004 to 7 day average of 0.00368, or 24hr av 0.00366 and its in decline) so it will take up until the end of october to earn this back(based on your own stupid assumptions).

Do you know why your IPO hasn't sold out?

[furuknap]

You fool, 75% based on an increase of 10% per month(more like 20% p/a with the increase in hash rate), sure 75% dividends but what will the share price be? it would have to be at least 0.001 to get your money back, your fund has already lost its investors money without earning anything(gone from 0.004 to 7 day average of 0.00368, or 24hr av 0.00366 and its in decline) so it will take up until the end of october to earn this back(based on your own stupid assumptions).

Do you know why your IPO hasn't sold out?

OK, since you're not getting any of what I'm saying, let me rephrase that previous advice:

For you, it is always better to keep your mouth closed.

.b

[redmetal]

I have used 1gh of power for easier readability

Sometimes, it is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt, as mr. Clemens would have said.

And, as we all know, any investment that yields 75% in a year is a damn disaster and a scam.

.b

base it at 20% gain per month, ends with BFmines earning dividends of 40% p/a, based on 30% increase per month BFmines at 22.50% p/a. Based on whats happening right now, 20% per increase or 40% per month will return a measly 12.75% for a whole year. And will have very very little re-sale value.

[pajak666]

Maybe someday you will realize that 100 TH mine is not a shareholding company, it is a mine!

[furuknap]

Maybe someday you will realize that 100 TH mine is not a shareholding company, it is a mine!

Your lack of quoting skills aside, who do you think does not understand that here?

.b

[redmetal]

You fool, 75% based on an increase of 10% per month(more like 20% p/a with the increase in hash rate), sure 75% dividends but what will the share price be? it would have to be at least 0.001 to get your money back, your fund has already lost its investors money without earning anything(gone from 0.004 to 7 day average of 0.00368, or 24hr av 0.00366 and its in decline) so it will take up until the end of october to earn this back(based on your own stupid assumptions).

Do you know why your IPO hasn't sold out?

OK, since you're not getting any of what I'm saying, let me rephrase that previous advice:

For you, it is always better to keep your mouth closed.

.b

Interesting that you are saying that earning 75% p.a is better than any real world investment, I have never disputed this fact. All i have ever said is why would anyone want to when re-sale value will be 0 at some point, and based on 10% gains in hash rate a month you will never receive 100% ROI on BFmines. If you read anything I have said you will note that not only BFmines a scam, it is also the worst of the bunch. and since we are in a discussion tread for 100th lets talk about that.

Cost per mh
100th  0.00225
Tatvm 0.0023
Pakaja 0.0029
BFmines 0.004 or 0.00333(with bonus 20% dividends)

[furuknap]

Gibberish, as usual...

You're rapidly approaching the level of SO SLOVE. That is not a compliment.

As you might have picked up, though, I've stopped responding to your arguments, because I've refuted them so many times, my keyboard is wearing out.

In other words: keep trolling. Your arguments are as silly as they were the first 15 times you made them.

.b