Weird, my calculations show pretty close to actual 2 TH (assuming of course regular payments to that address). Between the first and last payment there is a bit over 10 hours. BTC3.63 over that time period estimates ~ BTC8.62 per day. 2 TH, according to the BTC calculators yields BTC8.93 per day. So I'd say currently about 2 TH.

EDIT: I'm sure someone with a bit of programming knowledge can do tracking of, let's say, hash rate 5-day moving average solely from information from that address. That should give us a good estimation of their true hash rate.

what I am saying is fact if the odds of wining a bet are 2,000-1 statistically speaking you would need 2,000 bets to win it might take 1 bet it might take 4,000 but it would be irresponsible of them to open a website that has not been tested with a high volume of transactions


I have just looked on there site and the highest multiplier is 64,000 so if they were testing that one until they win it could take a lot ore that 64k bets to win it

you will never really know what they are doing unless they tell you

I don't get what your trying to get at or what the problem is?

I actually done very well playing there on good days. Support (Peter) is always quick on issues that I have had and been
taking care of. If what your saying is true I don't see what the big deal is. If creating fake traffic brings in customers and he pays
all winning bets, more power to him. BTC gambling sites are starting to pop-up every where and if that gives them the edge to bring more players then it's better than paying for advertising. Or maybe he just likes to move his big bank roll around when he gets bored..heh

The site is legit, I've cashed out large amounts this month and it's been paid on every cashout with a 2min wait before hitting my wallet.

The place is always my first stop whenever I got some spare change to waste.

Unless  I'm missing something?

if they are testing each bet to make sure when it wins it pays out and there is a bet that is 20,000-1 that could be over 20,000 bets just to test that 1 bet

( not sure what the odds on there bets are as I haven't been on the site )

What is the purpose of doing such? I would assume to "Appear busy" ? I guess I don't understand as the founder would surely not waste his time making .03 bets all day. Just for the record they do promote in a lot of locations.

Would you elaborate on what your accusing them of doing please?

Labcoin just got another block payment, .1198

So if I were to develop a webapp that will have multiple users depositing and withdrawing bitcoins. What is currently the best bitcoin wallet to use? Bitcoind?

Any other bitcoin wallet other than bitcoind can generate unique bitcoin address through API and can do callbacks when funds arrive and confirm?


Thanks!

So let me get this right. Someone mined 3 BTC and sent it to the Labcoin wallet to cause a price spike?

Which I bought into.

How dumb am I? What kind a person does this?

You have to be whitelisted in order to recieve auto-tips and to participate in the referral contest.
I hangout there for almost a month but im still not white listed
I don't think it's easy to earn free mBTC there but at least it has lots of nice people to chat and say interesting stuff and the level of conversation is really good.
I can say my time spending there was really fun  

What is your avarage earning on this site? For example per post or per hour of chatting

Gateways, generally speaking, don't provide each other liquidity. Market makers do that. A gateway that needed to might provide some "backstop liquidity" to ensure the assets it issues are liquid, but it's not likely to handle assets issued by other gateways as part of its ordinary course of business, unless it had some specific reason to. Why add unnecessary risk?

I suppose you are more genius than Google who invested 200K.  

Ah yes...Tradefortress rhetoric with my morning coffee.  The sweet sounds of defeat.    I can't believe you have the cojones to even post, as your long term campaign against Ripple gets exposed as the only real scam.  A scam you invented to protect your own closed source, IOU issuing business.  You certainly tried, I'll give you that little guy.  But true innovation can't be stopped by some random haters with mouths full of ignorance and lies.  Have you learned nothing from Bitcoin?

For all of you that listened to this Tradefortress fraud...maybe next time you'll trying researching and thinking for yourselves.  Because to not do so, is exactly how and why the current banking industry keeps a strangle hold on everything and everyone.  Stop being part of the problem...stop being lazy and go read the wiki.  Or...get ready to do what Tradefortress is currently doing, when you miss the bus: