i'm sorry, this seems sketchy as hell. It's not so hard to simply fake a hashing page.
has anyone actually reviewed those documents wrt change in terms?
did anyoen independently confirm that lrm purchased, ordered and received those 150 th from bitfury or buzzdave?
has he produced any kind of financial documents?
forget confirming hashrate, i think it's important that you contract holders confirm LRM.
So, do you hold any contracts? It's interesting that the loudest complaints tend to come from those with no standing. grnbrg. no, but your point is really immaterial. mine stands There are actually 3 contract holders who can confirm that I am a real person running a real company and have real hardware as they've seen it in person. Try reading a few pages of the thread before making comments like that. |
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Any news LabRat about BFL stuff ?
I see some guys have already Cloud Monarch hashing.
Nope, not yet. I'm really hoping for the best, but expecting the worst... |
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Mined: BTC4.33859987 Per Contract: BTC0.00002460 Bonus: BTC20.32805946 21.36460362 Bonus Per Contract: BTC0.00018145 Total Per Contract: BTC0.00020605 |
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Well... I know for a fact this week was lucky as we generated far more coins than my calculator shows we should have, but that doesn't explain last weeks weird luck for ghash and no one else...
Either way I think everyone will be much happier with this weeks payout.
Mined: BTC4.33859987
Per Contract: BTC0.00002460
Bonus: BTC20.32805946
Bonus Per Contract: BTC0.00018145
Total Per Contract: BTC0.00020605
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Zarlan made a statment. It tells us one thing for sure: It is going to take at least another two weeks!
This is probably more accurate than his statement. I will let everyone know if I hear anything, but as far as I've heard we're close to the cutoff. We can just hope it's on the right side of it. Yeah, that's what I've been wondering about. I don't know how many first day orders there were but there's implications that there were quite a few. I will assume as you are still waiting on orders from BFL that you took the Imp upgrade and the free Monarch at the end of the queue. Don't need to know numbers just looking for confirmation on that fact. Thanks BTCRealm BTW how are your injuries healing up? Haven't heard an update on that. I did take the upgrade a while back but I'm not sure it was the smartest idea. With the circumstances at the time I should've known with BFL the offer was too good to be true and we'd be waiting plenty more months to actually receive it. I have a side project I'm working on right now that would over double our weekly yield with minimal funds needing raised. More details within 2 weeks TM... hahaha Bruising is gone, but I keep re-injuring my thumb because I refuse to wear a splint. It interferes with work. |
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Dividends have been sent out. | Mined | Per Contract | | 5.79241206 | 0.00003284 | | | | Bonus | Bonus Per Contract | | 18.5 | 0.00016513 |
grnbrg. Edit: Contracts, not bonds. As BFL monarchs are due to be shipped soon(ish!) - relatively speaking and judging by the 'snippet' videos of BFL Monarchs running at box standard 600GH/s (0.002BTC per hour) these should produce 0.000006BTC per contract at current difficulty (someone check my math)? Do we know how many Monarchs were ordered and plans to run either at 600GH/s or faster given the current problems with current draw and associated heat - warranty allegedly allows up to 1.2/1.4TH/s? - (Cue usual discussion BFL, delivery, promises, .....) GoddardNet BFL_Josh has indicated that their Cloud mining operation should be going live today/tomorrow??? "Right now, the plan is to allocate 600 GH/s to each user for each card ordered. If you ordered 1 card, you'll get 600 GH/s, if you ordered 2 cards, 1.2 TH/s, etc... "
Are we in the queue to start hashing once you have pointed at the right pool??? Zarlan made a statment. It tells us one thing for sure: It is going to take at least another two weeks! This is probably more accurate than his statement. I will let everyone know if I hear anything, but as far as I've heard we're close to the cutoff. We can just hope it's on the right side of it. |
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and I'm also baffled that "withholding winning blocks" is even a thing. Is there a way to defend against that in code?
Yes, Eleuthria and WK/Luke-Jr have implemented checks that alert them when there is a suspicious miner. |
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This is why I run with the SMALL dogs. Bitminter is too tiny for anyone to bother it. 1% fee and extremely good uptime. They're more than 1% of the total bitcoin hashrate, so variability is at an acceptable level. If they do have uptime issues, all of my miners fail over to Slush - another tiny pool. Sometimes less really is more.
This won't be an issue soon in the future as I will have all our hardware moved to a private pool with roughly 12PH/s on it as soon as it's launched. Divs paid finally: Payout: 5.38986336 Per Contract: 0.00003056 Bonus: 17.50271315 Per Contract: 0.00015623 Total Per Contract: 0.00018679 This number is very concerning to me as there should've been 10-12 more coins mined this week, but with ghash mysteriously solving more blocks than they should and all other pools (including BTCGuild where we're mining with the bonus equip) have solved less... Not sure what I can do about this, but everyone needs to realize that something is going on. It was between 1 and 2 coins a day lower payout than my calculator or any other calculator came up with for our equip. I can assure you that I'm not happy about this as it means less coins for you, less for the company, and less for me. EDIT: Direct from BTCGuild Approximate Pool Luck* (24H / 3D / 1W / 2W / 1M / 3M / All Time): 66.301% / 65.832% / 82.802% / 87.931% / 94.378% / 89.131% / 97.852%) on a 3M time scale a few percent is within range, but over 10% is impossible. 82% for the week and the last half of the week was only 66%? Ideas? |
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I read it as a blocked was mined, but not yet confirmed. Waiting for additional blocks to be solved to get more confirmations so it cold be included in payouts. But I could be totally wrong. ;-)
It was 1 block from an auto-payout, but now that I have those coins, CEX is being ddosed so I can't get on to get the other coins out for the regular distributions........ |
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Back from my week away and 3 hours after I get back, got into a pretty bad car accident. No one was *seriously* injured. Just a broken thumb for me and a bit of whiplash for everyone. I'll try to answer the questions I noticed real quick though. (not fun typing) Spondoolies are of interest and I'm looking to do something with them. I can assure you I'm not paying that outrageous price though  BFL: no ship date in sight, but everything is ready for them. I'm running the numbers to figure out what to expect and see if there is a better way to handle the situation. GHash no longer has the "bonus" producing equipment on it, but it seems to be producing less coins on other pools.... Something weird with GHash... Tin foil hat wearing time but I might be able to add something to your comment - payout is better on GHash compared to other pools. I've read that they might be doing some variety of greedy mining, not releasing their blocks right away to try to run ahead of the pack and guarantee a better payout and for that reason they tend to pay a little bit better than other pools. Of course it's a crazy internet theory at best  It's not crazy internet theory... There's something going on there and I've spoken to some of the smartest Bitcoin minds about it and they all agree. Running a 72 hour test against BTCGuild and have someone contacting Eleuthria about it. I had considered the fact that they may be greedy miners for a couple months now. |
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Back from my week away and 3 hours after I get back, got into a pretty bad car accident. No one was *seriously* injured. Just a broken thumb for me and a bit of whiplash for everyone. I'll try to answer the questions I noticed real quick though. (not fun typing) Spondoolies are of interest and I'm looking to do something with them. I can assure you I'm not paying that outrageous price though BFL: no ship date in sight, but everything is ready for them. I'm running the numbers to figure out what to expect and see if there is a better way to handle the situation. GHash no longer has the "bonus" producing equipment on it, but it seems to be producing less coins on other pools.... Something weird with GHash... |
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This weeks payout is only 2.5-3 days worth of mining as a payout was made on Wed.
Next week will be a full 7 with a hopefully chunky bonus!!!
Mined BTC: 2.14294572
Per Contract: 0.00001215
Thank you LabRat With the new Asic Scrypt Era, do you consider Scrypt Altcoins ? Or for LRM it's only BTC focus ? I have looked at a few and I'm considering getting some to try out and pointing them at the Multi-pool and converting to BTC for payouts. This may happen soon, but right now I have a lot I've been working on so I want to catch my breath for a week or two. June 1-8 I will have limited cell service if any, but I will be back early June 8th and everything should go as normal while I'm gone. |
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This weeks payout is only 2.5-3 days worth of mining as a payout was made on Wed.
Next week will be a full 7 with a hopefully chunky bonus!!!
Mined BTC: 2.14294572
Per Contract: 0.00001215
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Any dividend this saturday?
As soon as ghash stops having the annoying 'insufficient funds' error. Thats a sign to get more hardware running  [/joke] I don't know why but every few weeks I get the error for about 15 minutes. It must be an issue with coins in their hot and cold wallets. It has to do with the last confirmed block value of BTC credited... if you subtract exactly that amount from your total balance and withdraw that... it will go through... or just wait till a few more confirms. Nope, tried that a few mins ago and it still didn't work. (also tried it previously) |
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Any dividend this saturday?
As soon as ghash stops having the annoying 'insufficient funds' error. Thats a sign to get more hardware running [/joke] I don't know why but every few weeks I get the error for about 15 minutes. It must be an issue with coins in their hot and cold wallets. |
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Any dividend this saturday?
As soon as ghash stops having the annoying 'insufficient funds' error. |
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To anyone concerned about FinCEN, my lawyer has deeply reviewed the subject to the point of making calls to DC and has determined that with the moves we've made, we are 100% in compliance. We will continue to monitor the situation as we all know it could change at any moment.
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So eating makes me a fraud now?
I shall starve for my company then...
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So what everyone really wants to know is ....
What is our current hashrate?
And what will the hashrate be into the future?
Current hashrate is north of 100TH a decent amount and I'm hoping to turn it into 200TH+ in the very near future. Key word in that sentence is "hoping" as I'm not the one producing that hardware. Got a question.. What good will 200ths do us when the bonds are at a fixed rate? Why even care what the hashrate is? if you signed the latest contract, all you are legally able to get is 100mhs per bond. Please re-read the original contract... All you were ever owed, but that's not what you received correct? |
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If you'll notice from the spreadsheet I just posted, LRM has now paid out over 1500 BTC in distributions.
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