I have a strong feeling it'll be difficult for these shares to even break 0.02 BTC at most. Just a feeling, because that would be nearly 10x the price now. 0.08 BTC would be 40x the current price, I think there's a very slim chance of that ever happening, but who knows.

Yeah I have a couple of negative balances too. :/

I manually sent a NVC transaction around half an hour ago and it hasn't shown up in my Cryptsy wallet yet, not in confirmed or unconfirmed, and hasn't auto-sold either.

Can you check transactions for my account to see if it went through flound? My multipool name is the same name as here.

I'd appreciate it, and I know I sent it to the correct address, because I've used it before for Cryptsy deposits.

Never mind, the money is in the account. Time to complain to Cryptsy about this...

Well it looks like that address is getting ~0.11BTC every hour, which is equal to around 600GH/s. That's if they're mining.

Well 600GH/s is better than nothing but it's definitely not 2TH/s or 4TH/s.

Oh awesome possum! I like bASIC, one of the best managed shares I've found on BTCT.



Change of topic here: What are the chances that Labcoin will actually send out dividends for the amount they've received so far to their address?

Probably not very likely, lol.

Well bASIC doesn't manufacture ASICs, they just mine. I'd recommend them, creativex is extremely active on the forums + he has a great reputation from what I've seen. He answers all my questions quickly (check the bASIC-mining thread here)

Holy smokes, just got online. 12 hours ago price was at 0.0026 or whatever (don't mind if i forget a 0 or two ) and now it's down to 0.0013.

That's crazy! At least I only have one share in Labcoin, lol. I'm kind of hoping they pull it off and start hashing but now it's looking grim but I'm along for the ride, it's only a small amount that's on the table for me.

A bit drunk?

Please GTFO off bitcointalk, have a couple more drinks and then come back. 

WE NEED SOLID FACTS LABCOIN. GIVE US PROOF OF YOUR HASHING, A PAYOUT ADDRESS WITH CONSTANT PAYMENTS, SOMETHING TO PROVE YOU'RE HASHING.

That's all we need.... it would have avoided over 100 pages of nonsense IMO...

My vote has been cast!

Yeah I'll be using my miner to keep my basement warm lol. It might be a nice boost of heat, 600W would do a fair bit.

I'm also at the break even point too right now, pretty much have paid off my single 7950 that I bought back in July so I'm happy. Don't think I'll be buying any more mining stuff either.

I think he meant to say that he would like shareholders to decide what hardware is sold first, not first dibs on hardware that is being sold.

Ex. shareholders vote to sell xxxx miner first, and then zzzz miner afterwards.

Each block erupter takes, what? 2.5W? He'd be buying 8 of them, and 8x2.5W=20W. Power difference isn't much I'm sure, sure it'll cost maybe 5 cents extra per day to run, you can find 5 cents on the ground everyday though. 

Hubs cost around $20 too, so his total cost would be around 1.1BTC which is what he's offering you for delivery this week, I think that's a fair price, especially that there's a good chance he might never break even with this miner.

I think it's a good motion. Would make more sense for the long term to sell this equipment, plus the sooner it's sold the more bASIC might be able to get for it. More efficient equipment would be awesome too, lower power costs, more profit!

Hope it doesn't end for awhile, I've been making solid profits for the last two or three months mining alt-coins.

But if that ever does happen... I'll be getting out of crypto markets so fast... lol.

Is something up with payments?

In the past 24 hours I've made about 0.004BTC with 1MH/s using multipool + 1 coin auto send to cryptsy for auto-sell.

Usually would be getting around 0.01BTC minimum, usually around 0.025BTC.

Well I kind of see mining as farming - please excuse how random it is, I'm from Saskatchewan, Canada - pretty much the farming capital of the world.

Anyway, back in the day you could make a living off of a small amount of land. Now a days it's more and more bigger companies owning more pieces of land, and not many people can survive off of farming small time anymore, not like in the early 1900's.

However people who still own land (it's quite expensive as well, a quarter section goes for around $300k, a quarter section is equal to about 160 acres) seem to be renting it out to the bigger players and striking a deal with them, they get paid a certain % of the total yield of that land.

So, I predict mining will turn into how farming is now, except I'm not quite sure how renting land out to bigger plays will relate to mining, maybe smaller miners will rent their equipment out to bigger players for a certain % back? Who knows.

That's all very true. Although that address did make the price go up a little bit, not very much though.

I guess I'm spreading the good news I can find around it to make myself a bit more positive that the 40 cents I invested in them isn't completely gone and it isn't 100% confirmed a scam yet/ 

Well it looks like Labcoin might be mining: http://blockchain.info/address/1NBDEAYH49tZvFMJ95oa4kYrqgecgnc16C

Someone posted this address in the main thread and that's about the output that 2TH/s should be doing. Not sure what the chances are that it is Labcoin though, because someone said its out of Chicago, and Labcoin isn't located there.

Well it's sitting at 25.5BTC right now and ends in 7 hours.

The Genesis Block says it won't ever break even though, it'll be at best $800 in the hole if you paid around $3700 for it. Not sure if their estimates are accurate for long term growth though, I think when KnC ships it'll be more than 100% increases per month.