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

[gyverlb]

So does one share of 100TH account for potentially 400MH/s? Will this mine grow beyond 200TH? I bought some shares late in the game and just wanted to gauge if it would be worthwhile to hold it for the long term.

This mine will NOT grow beyond 200TH, these are essentially PMBs. If you bought at IPO, you'll get your ROI but if you're buying now, you're only giving your money away. IPO investors basically paid for R&D of Bitfury's "shovel"; in turn, they get a discounted "shovel" at a later date.   

Unless you are one of the founders, you have absolutely no idea what the end-goal of the project is. It's up to the founders to motion for altering the parameters just as they switched the hashing power from 100-200TH at one point they can choose to alter the project goals with share holder approval at any time.

Can one of the founders please comment on the above? It would make a difference between holding my shares or selling it now.

There's no plan to add more power and it would be in direct contradiction with the business plan any shareholders should have read (see picostocks site).
As the shares are not voting shares there's no way the business plan could change without violating the contract between the mine and it's shareholders. If the founders kept some revenue to reinvest shareholders would be entitled to ask for this revenue back: it just can't happen.

[kaerf]

here's an approximate hash rate for the mine based on the dividend address

https://i.imgur.com/vB6jx3f.png

^ Cool ^

Our in-house numbers say 40TH, and a number of racks remain un-optimized.  Today we worked on automagic restarts to keep everything running as much as possible.  Optimizing passes should be finished tomorrow.  We have hardware running that amounts to theoretical 65TH if every rig is running 400G, so we should see some good improvements.  Next week more new hardware will be landed.

yup, the latest estimates show 40+TH/s

[greaterninja]

If the 100TH asset is yielding .00004296 BTC per share ~12 times a day right now then that means.  Its yielding about ~0.000483 BTC per share, per day at 40TH/s.

Thats $.0675 cents a day per share. at 40 TH/s when BTC trades for $140/BTC.

If each share costs .31BTC, then to buy 100 shares it would cost 31BTC = $4340 USD at 140/BTC exchange rate.

100 shares would earn ~.048257BTC / day divdends or ~$6.755 / day   @ 40TH/s rate

So, If we are at 40TH/s now and .048257BTC/day is made, then 200TH/s would make ~.241283 BTC / day

It would take at least 128 days to make ROI in BTC for 100 shares bought at .31BTC / share.   Thats not even being conservative.  I would estimate ROI in BTC would take at least 6 months with difficulty jumping 20-35% every 10-12 days.

With it all said, at least this investment would most likely make ROI within a year.

[buzzdave]

here's an approximate hash rate for the mine based on the dividend address

https://i.imgur.com/vB6jx3f.png

^ Cool ^

Our in-house numbers say 40TH, and a number of racks remain un-optimized.  Today we worked on automagic restarts to keep everything running as much as possible.  Optimizing passes should be finished tomorrow.  We have hardware running that amounts to theoretical 65TH if every rig is running 400G, so we should see some good improvements.  Next week more new hardware will be landed.

yup, the latest estimates show 40+TH/s

Just hit 50TH!

[Bitweasil]

Just hit 50TH!

\o/

Awesome!

Are people adding hardware over the weekend?

[buzzdave]

Just hit 50TH!

\o/

Awesome!

Are people adding hardware over the weekend?

Not hardware, but optimizing will continue (swapping out bad cards, tweaking rigs, etc.)  We want to run every rig at 400G, which would give us 65TH even now.  More hardware deploys next week - I expect we'll surpass the original 100TH goal.

Current stats are low due to a little issue at the pool, resolved, no shares were missed.

[goxed]

@1200TH you guys will single handedly control almost 1/9th of the network next week

[Transisto]

Just hit 50TH!

\o/

Awesome!

Are people adding hardware over the weekend?

Not hardware, but optimizing will continue (swapping out bad cards, tweaking rigs, etc.)  We want to run every rig at 400G, which would give us 65TH even now.  More hardware deploys next week - I expect we'll surpass the original 100TH goal.

Current stats are low due to a little issue at the pool, resolved, no shares were missed.

Isn't the updated goal 200TH ?

[yuchuanzhen]

Not hardware, but optimizing will continue (swapping out bad cards, tweaking rigs, etc.)  We want to run every rig at 400G, which would give us 65TH even now.  More hardware deploys next week - I expect we'll surpass the original 100TH goal.

Current stats are low due to a little issue at the pool, resolved, no shares were missed.

Isn't the updated goal 200TH ?

He means next week..

[snowdropfore]

could  we just not stop at 200TH？

[tinyfox266]

could  we just not stop at 200TH？

Really hope so!!! How about reinvestment?

[tarmi]

give bitfury some time to design another 28 nm masterpiece. 

[Dexter770221]

give bitfury some time to design another 28 nm masterpiece. 

Since he have working design, migrating it to 28nm shouldn't be a problem. Just add more cores to achieve resonable die area.
Problem may be to get proper funds to full mask at 28nm. Here may step up shareholders of 100TH mine but I think that this would require changes to bussiness plan.

[Dexter770221]

Hashrate dropped about 10TH. Comment?

[snowdropfore]

since we have a so bright future,why not change plan? I think reinvestment is a good idea.

[bitbytes]

Meanwhile the Bitfury private pool at http://ghash.io is over 170TH

give bitfury some time to design another 28 nm masterpiece. 

[tarmi]

wow, price down to

0.07

[snowdropfore]

price0.07.wow ,WTF

[Dexter770221]

Someone was nervous

EDIT: shareholder with Wic8 end address fulfilled bids, she/he has over 3k shares. So it's marginal move, but there's so small amount of bids that caused significant price drop. IMHO, nothing unusual.

[Bitweasil]

The word you're looking for is "Buying opportunity."