Quote from: vtcer0001 on January 29, 2014, 01:13:44 PM

Looks like the 500th mine took a day off lol Grin

I do not think anyone took a day off if you check http://150.254.111.246/us/ you can see the mine is up and running at 500TH. The problem is this https://blockchain.info/charts/hash-rate?timespan=60days&showDataPoints=true&daysAverageString=1&show_header=true&scale=0&address= the increased difficulty caused by so many miners coming online. The difficulty is in place to make sure that blocks are found on average every 10 min. As more mines come online the difficulty must increase or the blocks would be found at a much faster rate. In order for the mine to remain profitable it must grow larger or join another mining pool that is solving blocks on a regular basis. The problem with that is the block solved is shared across the entire pool and it would result in a much lower dividend but at least it would be something. If 500TH which is only 2.9% of the current total hashing is not able to solve at least 4 blocks per day then there in lies the problem. However when it reaches a point that mining is no longer profitable for someone to purchase there own equipment and join a pool. The hash rate should flatten even drop off causing difficulty to drop. Until that happens it would be a good solution to join a pool that is running somewhere around 2000TH the dividends would be cut down to 20% of what they currently are however if a 2500TH (which would be 14% of the current total hash power) could solve 14% of the daily blocks which would be 20 blocks daily then the 500th's daily share would be 4 blocks or 100 Btc. That would keep daily dividend payments per share at what we saw the last 2 days 1-27, 1-28 0.00018976 btc/share/day. Solution #2 figure out exactly how much $ it will cost to add an additional TH to the mine looking at Dave's website retail that is about $13 per GH I which is .01625 btc per GH however actual cost must be lower. At the current share price if pico stocks was to double the stocks to add an additional 518271 shares and sell them at the current .025 Btc/ share it seems like it would be enough to bring the mine up to 1500TH maybe even 2000TH. This would not affect dividend payments as soon as all the GH was brought online because of the additional blocks daily the mine would be solving the daily dividend per share would remain close to the same. I don't know Dave's actual costs but as a shareholder I am asking that a Goal be set in place to keep this mine profitable. I like option #1 better myself because we would see instant results vs having to wait out more construction. Or maybe we do both and pull out of the pool when our additional TH is sufficient to run on our own again. I think maybe a shareholder vote could be setup on the picostocks site. Dave , Titus please let us know what you think. Is there a plan?

PS. I just checked we just mined one block while I was typing this. ea895998e4c7e8632371388024b724f96e58caac472537f489bec0ab25c001d0 1 in the last 24 hours is not going to work.