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

[buzzdave]

Tytus found that there were issues with the way the Pico wallet picks up generation block rewards.  He's working on fixing that.  Meantime, you can monitor our block creation at the pico address:  http://blockchain.info/fb/19t7rx

[buzzdave]

Also we are mining at 77TH at this time - we should break 80TH today.

[RHA]

The flow of 100TH dividends has grown.

[Dexter770221]

But still there are some issues with wallet. Now it distribute dividends immediately. IMHO I preffer that way than wait 24 hours

11 blocks in 24 hours, thats quite nice.
AM found 6 blocks in last 30 hours http://www.asicminercharts.com/live/

EDIT:
New block droped in, and it looks like wallet waits for 6 confirmations, and then distributes dividends.

[buzzdave]

Tytus also got pico fixed so that immature blocks will appear as "init".  We are running at 83TH today and also continue to optimize, study and troubleshoot.

[gobuffs20]

Thanks for the update!

Couple questions:

1) Do you have any plans to have 100th trade on Bitfunder and/or Havelock?

2) Any plans to change the asset graphs on PicoStocks to be more visually and user friendly?

Cheers

[iCEBREAKER]

100th is already paying out great dividends.

Once the share price takes off, it's a top candidate to be The Next ASICminer^TM.   

[snowdropfore]

100th is already paying out great dividends.

Once the share price takes off, it's a top candidate to be The Next ASICminer^TM.   

it is a PMB,not like aspic miner.

[-Redacted-]

I'd vote my shares for a change to that...

[yuchuanzhen]

What's wrong with the coinbase?

https://blockchain.info/tx/c41af985325c90dc8a895094bb0f7fb25986bdf3046a6bb69e301eb031768ba2
https://blockchain.info/tx/f9a8c7775b4668f986521954131dc545407dea0fa0efa98ce6d1371f3f5a5238
https://blockchain.info/tx/39e4f4f2dc07471f77edbeab31a7964bfb2f293befa0f8e8b932253215ad037e
https://blockchain.info/tx/3bcef8e00a95ad5332261388497a52c794efe48368bd86ffee812bb0bd9d8b43

It changes everytime...

[-Redacted-]

It doesn't look like it's being properly initialized...

[kaerf]

Congrats on the first full day of dividends equivalent to 100TH!

[Dexter770221]

Congrats on the first full day of dividends equivalent to 100TH!

Yep, blocks are droping in like crazy. Even two in the row happend.

[SebastianJu]

I really hope it will move beyond 200TH at the end... dreaming still allowed isnt it?

[Transisto]

What's the ETA for 200 ths?

[kaerf]

I really hope it will move beyond 200TH at the end... dreaming still allowed isnt it?

What's the ETA for 200 ths?

In addition to making good financial sense, from a project management perspective, I think it would make things easier on the Megabigpower team if the 100/200TH mine turned into the 10%/20% mine (read: reinvestment mine) . Instead of needing to rush to deploy 200TH, this would allow MBP to gradually add hashing power and free them up to fulfill customer orders. Investors in the mine would probably support this change as well since it will cause share prices to rise sharply. Of course, I don't know what the investment strategy of the top 5 (92.5%) shareholders are, but they should consider the long term benefits of that course of action (if it is contractually possible).

[bulltrap]

I really hope it will move beyond 200TH at the end... dreaming still allowed isnt it?

What's the ETA for 200 ths?

In addition to making good financial sense, from a project management perspective, I think it would make things easier on the Megabigpower team if the 100/200TH mine turned into the 10%/20% mine (read: reinvestment mine) . Instead of needing to rush to deploy 200TH, this would allow MBP to gradually add hashing power and free them up to fulfill customer orders. Investors in the mine would probably support this change as well since it will cause share prices to rise sharply. Of course, I don't know what the investment strategy of the top 5 (92.5%) shareholders are, but they should consider the long term benefits of that course of action (if it is contractually possible).

Indeed some kind of reinvestment plan would be nice. Latecomer shareholders have had a substantial drop on their investment value, reinvestment plan would do a great deal to recover the stock value.

[Transisto]

The 100th mine, now a "200th" mine, is supposed to be a 200th mine.

My question is WHEN ? and What's holding us back to get to 200th ?

Reinvestment ? How about; The mine is so slow to ramp up to speed that it should now become a 300th mine ?

[kaerf]

The 100th mine, now a "200th" mine, is supposed to be a 200th mine.

My question is WHEN ? and What's holding us back to get to 200th ?

Reinvestment ? How about; The mine is so slow to ramp up to speed that it should now become a 300th mine ?

I think the primary hold up is that don't have the actual hardware yet (maybe power concerns too)...is that right dave/tytus/jared?

Since we will be right up against our retail delivery timeframe, we are going to have to use the boards for filling retail product.  Due to this, Tytus has announced an increased hashrate supply to our investors of 200TH total, to be deployed in the next two months cumulatively (not all at once at the end).

Status of boards - as I noted before, final design bugs are ironed out and boards are in production.  Due to delays, we've increased the hashpower we will commit to this mine to 200TH.  I'm waiting to get a shipping notice from the factory - the first boards should be headed my way in 24 - 48 hours by my estimate, but I can only wait for them to ship.  Well, that and send multiple emails per day to the US VP sales.  First boards will be run for 24 hours or so in order to weed out underperforming or non-performing boards - this will all be sent to the mine.  After the August retail units are shipped, remaining boards will begin to accumulate hashpower for the mine.  I think we can put up 200TH in 30 days, but it remains to be seen what challenges there are.

The delays gave me an opportunity to jump on something for the datacenter without introducing future downtime to the mine.  I went ahead with the plan to double the power service to the building, which completed last week.  This provides quite a lot of power - 2400 amps of 208v (theoretically supporting about 500kW).  I have about 1500 amps routed out onto the floor now.  This extra power will give me some room to push the AC systems (25 tons) to the limit and see where we can max out temps.  I can add AC once I get a better sense of where the operational temperature ceiling is.

I'm sure things have changed a lot since those two statements have been made, but according to that it's either around Oct. 13th-ish or Sept. 26th-ish. Since punin is expecting to ship EU products this week, I'd imagine the next batch of hardware will arrive shortly if not already there.

[Dexter770221]

MBP had to deploy mine, punin didn't. That's why MBP is behind punin when comes to shiping equipment. New hardware that will arrive will also be be put into mine.