-

[||bit]

Just to put this in perspective. BTC0.025 = $10 ... That seems a fair deal for the labor to verify a transaction.

Why would LR et.al. charge more for larger buy/sell transactions? We should be of one mind on this, and working together more - especially for those that actually funded the company. Isn't that profiteering in the face other's difficulty? With this fee structure, LR et.al. would have no great incentive to find an automated & free solution. I apologize if this sounds trivial, but the principle matters. Plus, I saw some hefty transactions on the asks on there (e.g. 500@0.20). If that got filled, LR or whoever would be paid  equivalent of $200 to do for that person no more than was done for another at a cost of $10. Just saying - principle matters. Unless, the escrow person see's it as a risk on his part to handle that amount of bitcoin.

Regarding escrow. It might be late in the game to comment on this (not sure if suggestions were taken), but instead of doing escrow, why not just use the blockchain to verify the transaction between the two parties (buyer and seller)? That would cut out a step, and reduce the risk of the escrow handler sending the wrong amount or sending to the wrong address. All liability would rest on the buyer & seller. All you would have to do is verify a message & the blockchain, then update the ledger/list if those pass verification.

Good points.  It's worth keeping in mind that this was set up in the distant past, when BTC was only worth around $200....    I think I will change the fee, and just do a flat 0.025BTC transaction.  Transactions take more time than I expected, but BTC has also gone up in value.  It balances out.  For information, most transactions seem to take 6-8 emails, spread out over a day or so...

And as far as escrow, it just seems to be the easiest approach for 2 people who don't really know each other.  With that said, as long as the two parties can agree on a payment system that can be verified, I don't mind.


grnbrg.

Thanks grnbrg.  A glimmer of humanity in the LRM circle of friends. You gained respect with me - for whatever that's worth to ya.

[1715239094]

1715239094

[1715239094]

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[1715239094]

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[1715239094]

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[1715239094]

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[||bit]

JFYI on difficulty. For whoever cares. Last eight difficulty percentage increase, and next estimated difficulty:

29%
32%
29%
32%
27%
41%
46%
30%
12% <-- based on estimated difficulty from bitcoincharts.com

If true, we might see a well reduced jump in difficulty. That would be nice.  

http://bitcoinwisdom.com/bitcoin/difficulty estimates 18%.  

Eligius has a bot that is usually pretty accurate as we get closer to the Jump Date.

Current Blocks: 269749
Current Difficulty: 510929738.01615
Next Difficulty At Block: 270143
Next Difficulty In: 394 blocks
Next Difficulty In About: 2 days, 4 hours, 32 minutes, and 0 seconds
Next Difficulty Estimate: 589022083.29066402
Estimated Percent Change: 15.2843609334

A welcome break.  Hmm... the trend would indicate the next difficulty jump will be 0% then -15% ;-)  

Hey, one can dream.

Yes, indeed. Well, at least that's about half of what it has been. People here might be able to squeeze by and break even via dividends alone after-all.

It is interesting that difficulty jump-size would reduce by about 15% percentage points two times in a row. It could be another sequecne... like reducing from prior difficulty jump-size by 30% the next reduced by 50%... then the next might be something like 75%....which would equate to 15% x 0.25 = +3.75% jump..or small skip... feeding the dream.   But I liked your trend better, with the negative percentage following that.

[||bit]

If LR manages to get 1GH per bond online by December. And difficulty increases at ~20% per cycle (about +73% per month). In the below, the cummulative return is in bitcoins. But the hasrate is set at 100,000GH (that was done to see results in the return as greater than zero). So, divide what you see in the monthly return of December by 100,000, and that is what 1GH/s should yield for the total of December. It reads 1710. Divided that by 100,000 and you see BTC0.0171/GH.

Assuming BTC.15 bonds, that is 11.4% return on investment for December. And a bit over 6% more in January, unless LR get's more hardware online by then.

If LR delivered 500MH/bond, then scale that value down proportionately (in the case of 500MH, half the return).

[fractal02]

Hey LabRat !

We need our weekly news 

Bring us some good news (and coins )

[Ashitank]

Its always quite before the storm , hope it is good news storm !

[grnbrg]

Just got an email from @Lab_Rat -- he's been ill for the last couple of days.  Divs will be late today.  (But will go out today.)


grnbrg.

[fractal02]

LabRat need some people to help him i think...

It's just pretty hard if he make all this work alone (Hardware management, trading BTC, etc, etc...)
I really hope he have some backup guys with him.

Look grnbrg, he helped a lot for the bonds trading and entertained us very well  .

[||bit]

Hey LabRat !

We need our weekly news 

Bring us some good news (and coins )

lol ... funny gif ... cute.

[John122]

Hey LabRat !

We need our weekly news 

Bring us some good news (and coins )

How long did you look for a gif like this one that would fit the situation so perfectly? 

[grnbrg]

Divs have paid out.  Using Math™, I make it 0.000731358BTC per bond.


grnbrg.

[fractal02]

Divs have paid out.  Using Math™, I make it 0.000731358BTC per bond.


grnbrg.

Oh man....this divs start looking very painful...

edit: but divs rise !

[ICantThinkOfaName]

My dividend assessment to date (please confirm):

	10/AUG/13		0.000200020
	17/AUG/13		0.000209440
	24/AUG/13		0.000831120
	24/AUG/13		0.000831120
	31/AUG/13		0.000666040
	07/SEP/13		0.000806800
	14/SEP/13		0.001164010
	21/SEP/13		0.001912740
	28/SEP/13		0.001786430
	05/OCT/13		0.001668540
	12/OCT/13		0.001298340
	19/OCT/13		0.000000000
	26/OCT/13		0.002085050
	02/NOV/13		0.000984410
	09/NOV/13		0.000557995
	========		=========
	Total------>		0.015002055

Purchase price assumed = 0.15

Yield to date = 10.00%

It's higher than last week?

[fractal02]

So...no news this week ? 


Sorry but writing a post with Divs info payout take less than 5 minutes 

This lack of communication is very boring.
Even some Group buy have better communication/info.

It's not like the situation was optimal.
No it's not.

No exchange.(Ok Bitfunder fiasco bla bla but others have already alternative solutions)
No clarification about the 14 days period.
No communication about hardware received (when, how much, etc, etc..)
No real-time Hashrate (LRM hash at 5, 10, 30, 100TH/s? no one knows...)
Website totally obsolete

All this impact trust.

I know you have some hard work but it's your work and you get paid for, so please let us informed.

It's barely the minimum because the situation is not optimal.
Nobody likes to be in the dark.

[hamburgerhelper]

Anyone who invested in a one-man operation assumed a large amount of risk. Maybe you didn't realize that at the time, but that's no one's fault but your own.

When you have a one-man operation, and that one man gets sick, things slow down. Let's hope its just a cold. We're wishing you a speedy return to health, LR!

I'm willing to give LR the benefit of the doubt on the major issue - will two weeks = two weeks? I think he's going to do the right thing, as he has done in the past, and put hardware into the dividend pool after two weeks; from the time of "plug and mine" - not from the completion of a nebulous "order". He's a reasonable person, and that's the only reasonable thing to do.

In the mean time, if you're still worked up, I suggest relaxing yourself by multiplying your dividends-to-date by the exchange rate.

[grnbrg]

I'm bored.  It's your guys turn....

ENTERTAIN ME!



grnbrg.

[Ashitank]

So...no news this week ? 


Sorry but writing a post with Divs info payout take less than 5 minutes 

This lack of communication is very boring.
Even some Group buy have better communication/info.

It's not like the situation was optimal.
No it's not.

No exchange.(Ok Bitfunder fiasco bla bla but others have already alternative solutions)
No clarification about the 14 days period.
No communication about hardware received (when, how much, etc, etc..)
No real-time Hashrate (LRM hash at 5, 10, 30, 100TH/s? no one knows...)
Website totally obsolete

All this impact trust.

I know you have some hard work but it's your work and you get paid for, so please let us informed.

It's barely the minimum because the situation is not optimal.
Nobody likes to be in the dark.

+100  specially on boded part

[Mindsync Miner]

More things than are dreamed about
Unseen and unexplained
We suspend our disbelief
And we are entertained

[grnbrg]

More things than are dreamed about
Unseen and unexplained
We suspend our disbelief
And we are entertained

I don't buy it.

Next.



grnbrg.

[John122]

Anyone who invested in a one-man operation assumed a large amount of risk. Maybe you didn't realize that at the time, but that's no one's fault but your own.

When you have a one-man operation, and that one man gets sick, things slow down. Let's hope its just a cold. We're wishing you a speedy return to health, LR!

I'm willing to give LR the benefit of the doubt on the major issue - will two weeks = two weeks? I think he's going to do the right thing, as he has done in the past, and put hardware into the dividend pool after two weeks; from the time of "plug and mine" - not from the completion of a nebulous "order". He's a reasonable person, and that's the only reasonable thing to do.

In the mean time, if you're still worked up, I suggest relaxing yourself by multiplying your dividends-to-date by the exchange rate.

I'm with you on this one.

LabRat is doing what he can and is delivering. He is also putting the hardware first in the list of priorities.
He doesn't owe us jack shit more than that, that's what we agreed on when we invested in this. We have absolutely no control over what he does unless he wants us to, and it's okay this way for me.

[||bit]

When Labrat is surprised with a new idea: