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

[kaerf]

WOW 238700.2 GH/s thx


Dave, where are the dividends of yesterday and today?

Hashing at almost 300TH now

We have a bunch of blocks warming in the oven.  As we grow we have to add bitcoind servers about every 50TH, so the first day of a large growth can sometimes not produce many new blocks.  Plus there's variance as always.

Jared is bringing up something like 6 or 8 bitcoind's to handle growth, so hopefully we don't bump up against this problem.

wowzers...bravo!

[SebastianJu]

WOW 238700.2 GH/s thx


Dave, where are the dividends of yesterday and today?

Hashing at almost 300TH now

We have a bunch of blocks warming in the oven.  As we grow we have to add bitcoind servers about every 50TH, so the first day of a large growth can sometimes not produce many new blocks.  Plus there's variance as always.

Jared is bringing up something like 6 or 8 bitcoind's to handle growth, so hopefully we don't bump up against this problem.

Could you say a word about if you will grow the mine without endtime? If you say you will keep reinvesting and grow the hashpower i would go in again. If there is a end at some time i wouldnt. So whats the plan now? 300TH only as compensation because of the late time or will you grow constantly from now?

[kaerf]

Sounds like they will stop expansion in December

[SebastianJu]

Sounds like they will stop expansion in December

I would like to be certain... he once claimed that the mine is everything they will build so there is a chance... though i only would jump back in if he explains that its true that he will grow the mine indefinitely.

[greaterninja]

The mine is doing 286 TH/s

1 share does   (1share / 518271 total shares) * 286000 Gh/s  = 0.551835  GH/s

[buzzdave]

Some fun stats:

299,787 TH
11,858 H-cards
187,816 chips are mining
Averaging 1.5GH/s per chip

We're not done yet!

[jiefangqian]

pump it

[Isokivi]

Some fun stats:

299,787 TH
11,858 H-cards
187,816 chips are mining
Averaging 1.5GH/s per chip

We're not done yet!

Oh all that wasted hashrate, Im personally currently averaging 34+ Ghs per H-card and am still missing heat sinks on more than half, you wouldn't happen to have a in house overclocker position open by any chanse ?

[intron]

Some fun stats:

299,787 TH
11,858 H-cards
187,816 chips are mining
Averaging 1.5GH/s per chip

We're not done yet!

Nice!!1!! 11.000+ H-cards.... man.

[SebastianJu]

Ok... i guess i have to take the non-response as a negative answer.

[klondike_bar]

any plans to return to hardwars sales now that 200TH has been well exceeded? MBP left a lot of people with starter kits and nothing to fill them...

[RHA]

Why would Dave want to declare if the grow will be indefinite or not?
To make someone jump back? Why?

[SebastianJu]

Why would Dave want to declare if the grow will be indefinite or not?
To make someone jump back? Why?

Why should he spare that topic when he speaks about other things that might be good for the mine? Of course he dont have to care about the shareprice. I believe his obligation, that he is feeling, is that he wants to get the ipo-price spread in divs. Maybe a bit more. I tend to believe thats all there is.
This security sounds way too risky for me how it is now. Dave and friends reached their goal which was owning their own asic design and being able to create and sell their own miners. Shareholders seem to bother so far that they want to give them something back for the investment. But i dont see a hint that they will move on with the farm. Its not necessary for them to spread their own profit when they safed their trust.

[buzzdave]

At this point, in order to avoid further speculative buying (or selling), we decided not to declare mining goals for this 100TH offering.  We made a lot of promises before, and when we ran late, it made investors angry.  The proper thing to do is simply look at how much mining we are doing, compute the appropriate share price you are willing to pay, and then set your buy/sell orders.

Its the same as buying hosted mining.

We will eventually do more retail, but pricing our hardware in this volatile market has to be reconsidered.

[jiefangqian]

good way

[snowdropfore]

Some fun stats:

299,787 TH
11,858 H-cards
187,816 chips are mining
Averaging 1.5GH/s per chip

We're not done yet!

i love the this "We're not done yet!"

[buzzdave]

Niko tells me he is running 50TH into the mine at this point - its not in the stats yet, but you can see the smaller contributions in the dividends history.

Thanks Niko!

[snowdropfore]

Niko tells me he is running 50TH into the mine at this point - its not in the stats yet, but you can see the smaller contributions in the dividends history.

Thanks Niko!

does it mean hashing at 350th？？

[kaerf]

Niko tells me he is running 50TH into the mine at this point - its not in the stats yet, but you can see the smaller contributions in the dividends history.

Thanks Niko!

does it mean hashing at 350th？？

Well we've had 2 full days of around 400TH worth of dividends. Nice!

[buzzdave]

Added 15TH more today.  I'm expecting a bit more before the holiday break, but not sure if FedEx will deliver before Thursday...