Post
Topic
Board Securities
Re: [PicoStocks] 100TH/s bitcoin mine [100th]
by
BitHereBitThere
on 18/03/2014, 16:30:36 UTC
Dave,

Thank You for joining a pool for more regular payouts.  I had suggested this a while back and it seems like the only way to go if we were not going to add any more power to the rigs.  Can we please have some info about this new pool. I have looked at their mining wallet 14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer  and it looks like the pool has mined over 30 blocks today 3-17-2014. However we have only so far received 8 payouts today 3-17-2014. Is the 500th mine doing work on all the blocks? If so why did we not receive over 30 payouts corresponding to the number of blocks that were mined. Why are the payouts always exactly 8BTC > 0.00001512BTC/share? Why do they not vary according to the amount of work 500th is preforming? Can the Shareholders please have an update ether here in the forum or write Report and post it on the picostocks site. I have noticed the share price drop since the implement of this pooled mining. This is clearly panic selling because it looks like this pool is going to actually bring in more BTC then the mine could possibly make on its own in the current difficulty level. It takes just over 3 payouts at the current rate to equal the same block payout that we are used to.  In the 3 days we have been on the pool we have averaged 6 payouts per day right around the equivalent of mining 2 blocks per day on our own.  A report would really help relive the anxiety the share holders.