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

[TheSwede75]

I was looking back through the thread for some information and came across this:

Will the capacity be expanded?

This is not planed. This would complicate the deal. There is still sufficient variability of profitability due to the unpredictable network hash rate and btc price. It is possible that the mine generates revenues that are higher that the presented optimistic scenario.

So unless their thinking has changed, it seems they do not intend to enter into a reinvestment / expansion arrangement.

I wouldn't make any assumptions. The founders own a SIGNIFICANT amount of shares and are obviously invested in the success of the Project as share holders. I doubt either of them will make any decisions that are not fundamentally sound.

their fundamentally sound decision would to start another enterprise using the coins they generate from 100th mine (now 200th?) without including other shareholders of 100th. they have no need to compensate others since it was never stated in their initial plan and they never even hinted at it. yes they can do it. but why would they? they can completely self mine (like bitfury is doing now) and just retain all dividends to themselves. as long as they do what they promised in the 100th they are doing things correctly. i'm sure people would love reinvestment at cost but what do they have to gain from doing that.

I don't think you "get it". The main shareholders in 100TH are still the founders. It's not about "compensating" shareholders, but rather creating profit for shareholders, what to a very large extent means the founders profiting.

Yes, but he means the reason for not reinvesting is that the 100TH mine is deployed and then slowly will die. Then the earnings they founders got are used to build their own miners besides 100TH because they now have the asic design and enough money for it. This way they get 100% profit instead less.

Semi-true. I would prob argue that it is just as profitable, if not more to just use partial withholding and bank from 100TH to expand and keep the operation alive vs. leaving it to slowly die with lower and lower dividends just to set up a parallel new operation.

[SebastianJu]

Semi-true. I would prob argue that it is just as profitable, if not more to just use partial withholding and bank from 100TH to expand and keep the operation alive vs. leaving it to slowly die with lower and lower dividends just to set up a parallel new operation.

I wonder why you think so. The difference is only where you invest the returns. You could invest it in 100TH again and get 50% or invest in a private pool and get 100%. Or do i miss a point?

@RHA... unfortunately its a believe only. I mean if such things are possible the value in publishing this plans would gain more than keeping it open and not even mentioning it. Thats why i tend to believe that its not planned. And that they dont address it now when so much is spoken about is another point. As long as this isnt addressed i take it as a hint that its not planned and i wont buy in.
By saying that... the founder wont bother if i invest or not now anymore. Thats why i said that info would be have been helpful at IPO. At least i would have brought it up to ensure the IPO is successful.

[kaerf]

I wonder why you think so. The difference is only where you invest the returns. You could invest it in 100TH again and get 50% or invest in a private pool and get 100%. Or do i miss a point?

The big payoff is not from mining, but from share price.

[tinyfox266]

The small dividend comes roughly every 6 hours today, does that mean that the new boards are online?

[Dexter770221]

Propably testing that Dave is running. We should see that at some point divis will increase and equipment will mine only for 200TH mine.

[SebastianJu]

I wonder why you think so. The difference is only where you invest the returns. You could invest it in 100TH again and get 50% or invest in a private pool and get 100%. Or do i miss a point?

The big payoff is not from mining, but from share price.

That would only apply to normal shareholders. But the founder in fact doesnt need to bother about the shareprice. They cant sell their shares because they would crash the security this way. First because of the amount of shares they have and because it would be a very bad sign if the founder wouldnt trust in their security anymore.
So the share price is not much worth to the founder and their income.

[MPOE-PR]

That would only apply to normal shareholders. But the founder in fact doesnt need to bother about the shareprice. They cant sell their shares because they would crash the security this way. First because of the amount of shares they have and because it would be a very bad sign if the founder wouldnt trust in their security anymore.
So the share price is not much worth to the founder and their income.

It boggles me how fucking stupid you are. Seriously now, if they ever need a picture to illustrate the concept of "knot of mistaken assumptions and erroneous beliefs built out of complete theoretical ignorance reinforced with very limited and thoroughly misunderstood experience" you should volunteer yours. Absolutely the only positive contribution to the field you can make by this point.

[SebastianJu]

That would only apply to normal shareholders. But the founder in fact doesnt need to bother about the shareprice. They cant sell their shares because they would crash the security this way. First because of the amount of shares they have and because it would be a very bad sign if the founder wouldnt trust in their security anymore.
So the share price is not much worth to the founder and their income.

It boggles me how fucking stupid you are. Seriously now, if they ever need a picture to illustrate the concept of "knot of mistaken assumptions and erroneous beliefs built out of complete theoretical ignorance reinforced with very limited and thoroughly misunderstood experience" you should volunteer yours. Absolutely the only positive contribution to the field you can make by this point.

I wonder what you mean. Are you claiming the founders can sell? In fact im not really interested in your answer. You paragraph is something i would rather look away disgusted by thinking about what person would write this way.
Werent you the one that only recently wrote an article why Asicminer was a complete fail? I live from Asicminer... so now you tell me i dont understand anything... right.

[kaerf]

I wonder what you mean. Are you claiming the founders can sell? In fact im not really interested in your answer. You paragraph is something i would rather look away disgusted by thinking about what person would write this way.
Werent you the one that only recently wrote an article why Asicminer was a complete fail? I live from Asicminer... so now you tell me i dont understand anything... right.

Yes. IF they were to change the terms of the mine, then it would drive the value of the shares up. If the value goes up, so will share price. Conversion to a reinvestment/business type security works better than offering a new mine because the existing mine can be used as a basis for on-going operations. The mine gives investors confidence in the converted security because it is a tangible bitcoin producing asset.

Asicminer currently has around 37TH/s and shares on passthroughs are slightly over 2BTC (previously 4+ BTC). Although no one can predict what the market will price converted shares at (also depends on conversion terms), the current and historical price of AM might provide a reference for price range of converted shares. IMO, with margins on the hardware side dropping quickly, a converted security would probably be most profitable (at least in the short/mid term and possibly long term).

Anyway, Tytus is busy getting the current mine deployed, so he probably won't consider conversion until the mine is deployed (with the additional 100TH this might take a while).

[Dexter770221]

Looks like more hardware is under test. Dividends are showing faster, curently each half hour 1BTC is droping in...

[mumung]

Yeah, I noticed that too.

[Isokivi]

Excuse me but isnt this new divident payment only accumulating dust to my pico stocks account, costing a buttload in tx-fees when I want to move it ?

[kaerf]

Excuse me but isnt this new divident payment only accumulating dust to my pico stocks account, costing a buttload in tx-fees when I want to move it ?

You're not paid until you cash out. Until then, the btc is in a picostock controlled address (in bulk).

[SebastianJu]

I wonder what you mean. Are you claiming the founders can sell? In fact im not really interested in your answer. You paragraph is something i would rather look away disgusted by thinking about what person would write this way.
Werent you the one that only recently wrote an article why Asicminer was a complete fail? I live from Asicminer... so now you tell me i dont understand anything... right.

Yes. IF they were to change the terms of the mine, then it would drive the value of the shares up. If the value goes up, so will share price. Conversion to a reinvestment/business type security works better than offering a new mine because the existing mine can be used as a basis for on-going operations. The mine gives investors confidence in the converted security because it is a tangible bitcoin producing asset.

Asicminer currently has around 37TH/s and shares on passthroughs are slightly over 2BTC (previously 4+ BTC). Although no one can predict what the market will price converted shares at (also depends on conversion terms), the current and historical price of AM might provide a reference for price range of converted shares. IMO, with margins on the hardware side dropping quickly, a converted security would probably be most profitable (at least in the short/mid term and possibly long term).

Anyway, Tytus is busy getting the current mine deployed, so he probably won't consider conversion until the mine is deployed (with the additional 100TH this might take a while).

Thats indeed a strange setting and i agree that the possibility that founders can sell all their shares anytime is not giving confidence. Together with the silence regarding reinvestments the only risk they would have then would be that the selling of all their shares would be more than the market could eat. But why should they care then when cashing out?
Im glad for the moment that i didnt invest. I think there are other projects with less doubts.

[mumung]

Seems like picostocks.com is corrupted.
Anything we should know buzzdave?

[dRMergatroid]

So....
Website update in progress?
Or something more sinister....

 

[Bitweasil]

Or something more sinister....

If so, very well done. :-/  Got a bunch of my btc.

[tinyfox266]

Seem like the website upgrade, the homepage is changed.

[tinyfox266]

Can someone clarify what's wrong with the pics webiste? This is really annoying. My assert is there, but I cannot access it.
Is it gone?

[lenny_]

https://picostocks.com/users/login

Code:

Not Found

Error: The requested address '/users/login' was not found on this server.

Tytus, any info?