Transisto
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Activity: 1731
Merit: 1008
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October 07, 2013, 05:19:07 PM |
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From the look of it, The people in charge of the 100th mine decided they would be making more money by selling boards or mining for themselves with the early hardware. Conflict of interest at it's best.
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Whoever mines the block which ends up containing your transaction will get its fee.
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iCEBREAKER
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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October 07, 2013, 05:29:09 PM |
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From the look of it, The people in charge of the 100th mine decided they would be making more money by selling boards or mining for themselves with the early hardware. Conflict of interest at it's best.
Another conflict of interest is having the exchange run by the issuer of its main asset. Unlike Bitfunder, where Ukyo can regulate on crooked/foolish asset operators, Picostocks won't do anything about 100TH investors being screwed by Picostocks' owners. We were promised 100TH, which still haven't shown up. We were promised 200TH, to make up for the 100TH being so late. No telling when that's going to happen. If 100TH were listed on Bitfunder, I'd ask Ukyo to force them to provide the promised hashing power by a firm deadline, even if they have to buy it (from themselves) on cex.io or TAT Virtualmine. |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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Andrey
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October 07, 2013, 06:24:24 PM |
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We need news from Buzzdave, he is active today.
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kaerf
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October 07, 2013, 11:12:41 PM |
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Yes, it would be good to get an update. To me, it looks like hash rate (from dividends) for the past 6 days or so has been around 55 TH/s. What's going on?
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Andrey
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October 08, 2013, 07:27:15 AM |
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Yes, it would be good to get an update. To me, it looks like hash rate (from dividends) for the past 6 days or so has been around 55 TH/s. What's going on?
I've got same hashrate estimate, but that easily can be luck, as 10 blocks per day isn't enough to get smooth hashrate graph. |
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corrow
Member
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Activity: 97
Merit: 10
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October 09, 2013, 09:24:09 AM |
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It is really time for the share issuer to bring out some news. We as shareholder have been very fair. It is bad to leave us in limbo!!!  |
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Ashitank
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October 09, 2013, 09:55:54 AM |
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Is Pico stocks Us based exchange , If it is I think you guys need to be mind full of what happen to BTCT & Bitfunder.
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Dexter770221
Legendary
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Activity: 1029
Merit: 1000
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October 09, 2013, 09:59:27 AM |
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Is Pico stocks Us based exchange , If it is I think you guys need to be mind full of what happen to BTCT & Bitfunder.
No, registered in Marshall Island. Operate in Poland. |
Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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SebastianJu
Legendary
Offline
Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
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October 09, 2013, 10:06:37 PM |
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Is 100TH really selling miners before the 200TH are built and without divs coming from that sales? Someone mentioned that in the thread but i dont know if thats correct.
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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filharvey
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October 09, 2013, 10:49:37 PM |
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We need news from Buzzdave, he is active today.
Come on dave, can we have an update. We are only finding 8 blocks a day at the moment, that is way down on what we should be. Phil |
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Kushedout
Legendary
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Activity: 1123
Merit: 1000
SaluS - (SLS)
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October 09, 2013, 10:57:10 PM |
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We need news from Buzzdave, he is active today.
Come on dave, can we have an update. We are only finding 8 blocks a day at the moment, that is way down on what we should be. Phil 1) Delay progress & Don't respond to investors. 2) Stock Price drops 3) Buy back cheap 4) Deploy full 200th+ 5) Profit |
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buzzdave
VIP
Sr. Member
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Activity: 472
Merit: 250
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October 10, 2013, 05:28:23 AM |
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We have been experimenting with some different setups, one of which mines against a local wallet, rather than paying out directly to pico. For example, I just triggered a payout of 100 BTC.
We are still mining at about 80 - 83TH, waiting for new gear to arrive. With the China holiday we've encountered some unfortunate slowness in getting more production boards.
There are lots of boards coming for both retail and for the mine. We do have to ship now that its October, so we will be doing both as fast as possible - but I assure you Tytus has a made a completely separate run that goes to the mine - its not even the same design, so it won't be used for retail.
Anything you read about us mining for ourselves or whatever is just FUDsters working the price lower. We should be way past 100TH by end of this month, based on what I know is coming...
Dave
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bulltrap
Member
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Activity: 76
Merit: 10
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October 10, 2013, 05:49:19 AM |
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We have been experimenting with some different setups, one of which mines against a local wallet, rather than paying out directly to pico. For example, I just triggered a payout of 100 BTC.
We are still mining at about 80 - 83TH, waiting for new gear to arrive. With the China holiday we've encountered some unfortunate slowness in getting more production boards.
There are lots of boards coming for both retail and for the mine. We do have to ship now that its October, so we will be doing both as fast as possible - but I assure you Tytus has a made a completely separate run that goes to the mine - its not even the same design, so it won't be used for retail.
Anything you read about us mining for ourselves or whatever is just FUDsters working the price lower. We should be way past 100TH by end of this month, based on what I know is coming...
Dave
Thanks for the update Dave! Your last sentence sounds like there might be some surprise coming for the shareholders, sure hope so! Never believed the FUDsters in this thread, I'm sure you and Tytus are doing your best. |
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snowdropfore
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October 10, 2013, 08:05:37 AM |
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Anything you read about us mining for ourselves or whatever is just FUDsters working the price lower. We should be way past 100TH by end of this month, based on what I know is coming...
Dave
what is the actually meaning by the last sentence?? |
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RHA
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October 10, 2013, 04:37:22 PM |
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Dave's ambiguity:
1. The whole 100TH bitcoin mine will be the past for us at the end of the month, because of something what is coming.
2. The hashing power of 100TH mine will be well above 100 TH/s at the end of the month.
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-Redacted-
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October 10, 2013, 04:49:35 PM |
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3. That's a reference to hardware, and Dave knows how much needs to ship and how much will go to the mine.
Something is screwed up with Picostocks. I have bids in at higher than the current asks and nothing is getting filled. It's been like that since yesterday - I should have hit fills on 200+ shares but nothing traded.
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ishkur
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October 10, 2013, 05:00:23 PM |
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3. That's a reference to hardware, and Dave knows how much needs to ship and how much will go to the mine.
Something is screwed up with Picostocks. I have bids in at higher than the current asks and nothing is getting filled. It's been like that since yesterday - I should have hit fills on 200+ shares but nothing traded.
I just had the same issue this morning. |
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-Redacted-
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October 10, 2013, 05:18:20 PM |
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And it still has the problem. I'm cancelling my bids and not doing any more buying until this gets fixed. This is artificially inflating the share prices - the bots keep moving it up over the current top bid, not getting filled, another bot moves it up over that bid, etc. With nothing trading, proper price discovery is just not happening...
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papamoi
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October 10, 2013, 05:37:50 PM |
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And it still has the problem. I'm cancelling my bids and not doing any more buying until this gets fixed. This is artificially inflating the share prices - the bots keep moving it up over the current top bid, not getting filled, another bot moves it up over that bid, etc. With nothing trading, proper price discovery is just not happening...
another punin,bitfury and co ,greedy team trick to make mooore money and mooore btc? |
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SebastianJu
Legendary
Offline
Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
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October 10, 2013, 06:38:35 PM |
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Right... selling shares isnt possible even though matching offers to buy exist...
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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