BitHereBitThere
Newbie
 Offline
Activity: 10
Merit: 0
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January 31, 2014, 03:46:57 PM |
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Near as we can tell, we had a run of bad luck. We are looking at it more, but don't see that anything is (or was) wrong. Now there are a bunch of new blocks maturing, with no changes on our side...this will get worse as difficulty rises and variance becomes more apparent. We are planning to create a private pool so that we can pay out the 500TH shareholders on a more regular basis. Not sure when that will be ready, but we've got most of the work done.
As to the question of whether we will expand - it has been stated many times, very clearly that this was a fixed size project. Initially it was 100TH, but Tytus expanded it 5x to try to give a good return to investors. For early investors, the mine has hit ROI weeks ago. For investors who would buy shares now, I'd have to say compare our price/GH to that of cex.io and make your own decision. Comparatively I think we have a good price/GH for leased hashpower.
Dave
Looks like more bad luck only 1 block found in the last 23 hours. I don't think it has anything to do with luck in the last 24 hours the total mining hash rate has gone up 2508TH. Just in the month of January the total mining hash rate has gone up 10,000TH that is double of what it was Dec 31st. https://blockchain.info/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= At the next difficulty level the 500TH mine will be lucky to mine one block per day. So nothing to do with Luck it has everything to do with competition. Yes you returned the investment of the original share holders and I think that is great However right now if you are not willing to add more Mining power or Join a pool soon this stock will be worthless because there will be no more dividend payments. There are plenty of shareholders that have purchased stocks and not seen a return on their investment. In fact of the 1071 shareholders on pico stocks only 81 have turned a profit of more then 1 BTC according to the user page sorted by. profit. https://picostocks.com/users/index/page:1/sort:profit/direction:desc That means only 7.5% of your investors have gotten their original investment capitol back. This "private pool" how large will it be hopefully somewhere around 2500TH. Dave can you please provide a timeline to investors who are still currently holding on to their stocks and sweating bullets. Before the stock price drops to nothing. |
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gebir
Member
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Activity: 76
Merit: 10
To be or to have
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January 31, 2014, 04:28:43 PM |
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hashrate ~18,031,653 GH/s
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server
Legendary
Offline
Activity: 892
Merit: 1002
1 BTC =1 BTC
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January 31, 2014, 04:49:25 PM |
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500TH = 4 blocks a day = BTC100 /700.000 = BTC0.00014285714 per share. Yeah it's damn hard these days to make a buhbuh..Bitcoin |
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gebir
Member
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Activity: 76
Merit: 10
To be or to have
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January 31, 2014, 05:00:59 PM |
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500TH = 4 blocks a day = BTC100
/700.000 = BTC0.00014285714 per share.
Yeah it's damn hard these days to make a buhbuh..Bitcoin
Total shares: 518271 |
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karol
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February 03, 2014, 09:56:21 PM |
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Prices are dropping Today even 0.01200000 per share. Time to say goodbye...
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Giray
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Activity: 45
Merit: 0
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February 08, 2014, 05:30:01 PM |
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karol
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February 10, 2014, 01:42:37 PM |
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What are thoese adresses?
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Giray
Newbie
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Activity: 45
Merit: 0
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February 10, 2014, 01:45:31 PM |
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karol
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February 10, 2014, 01:49:21 PM |
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Probably private pool? I assume not part of 100th project?
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BenTuras
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February 10, 2014, 01:54:13 PM |
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Probably private pool? I assume not part of 100th project?
Very nice private pool, > 650TH/s when I looked and added the numbers together. |
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gebir
Member
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Activity: 76
Merit: 10
To be or to have
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February 10, 2014, 08:44:32 PM |
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1 block / 24h  |
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karol
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February 13, 2014, 11:31:25 AM |
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Today seems to be a good day 3 blocks already found
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karol
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February 19, 2014, 10:43:09 AM |
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Pico site is down?
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karol
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February 20, 2014, 01:20:11 PM |
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Are there any bots on Pico?
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Giray
Newbie
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Activity: 45
Merit: 0
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February 20, 2014, 01:25:14 PM |
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I see bots too. API its'n public  |
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karol
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February 20, 2014, 01:31:30 PM |
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Hmm I will not sell or buy any shares to this bot it will kill Pico stock, it is to small for bots.
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kaerf
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February 21, 2014, 08:50:15 AM |
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dave/tytus, any updates on opening your mining pool or joining another? The mine has consistently performed below the expected hashrate. Hopefully, pooling up will yield a more favorable dividend. here's a snapshot from my numbers.  |
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BenTuras
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February 21, 2014, 09:00:12 AM |
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The mine has consistently performed below the expected hashrate.
That's not true. 500TH/28000TH*6*24*25=64.2BTC/day, or ~2.5 blocks/day. So if we do 3 blocks/day we do better than the expected: 02-20 1 02-19 2 02-18 1 02-17 2 02-16 5 02-15 2 02-14 3 02-13 2 On average 18/8=2.25block/day. Two days were better than expected, so your statement of consistently below the expected is wrong. |
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karol
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February 21, 2014, 02:34:19 PM |
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There is no way to sell from ASK or buy from BID because of this LrYj bot - it always should be as the first one.
Guys from where he has an API?
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