-

[||bit]

It'll be nice if the exchange rate for bitcoin pops before Labrat orders anything, and stays up when using the scooped up dividends next month.
The price pattern for bitcoin is looking nice on the chart, so far.

[tgerring]

It'll be nice if the exchange rate for bitcoin pops before Labrat orders anything, and stays up when using the scooped up dividends next month.
The price pattern for bitcoin is looking nice on the chart, so far.

Assuming he orders in fiat, not BTC?

Not sure how likely this is.

[||bit]

It'll be nice if the exchange rate for bitcoin pops before Labrat orders anything, and stays up when using the scooped up dividends next month.
The price pattern for bitcoin is looking nice on the chart, so far.

Assuming he orders in fiat, not BTC?

Not sure how likely this is.

Equipment is priced in fiat, but he has in the past held funds in bitcoin until paying.

[||bit]

I have an automated bitcoin trading bot that does  quite well, and it only does about 70 trades a year, well, It just triggered a buy last night (It could hold on to this buy for weeks)... so, maybe your theory is correct on your bitcoin price analysis.. I hope so, anyways....

Which software are you using?

[bigasic]

I have a couple home brewed programs that ive had for long time that some trader/programmer gave to me.. but they literally have zero features, it basiscally tells me when to buy and i manually have to do it, lol.. just today i tried that butterbot program and i dont know how impressed i am with it.. It also told to buy a couple days ago when i did a back test on it.. So, thats 2 bots that said to buy about the same time... Dont know if ill buy the butterbot program. at least it buys and sells automatically, lol.... I may throw a coin on a test account and see what happens.. I think this butterbot program and the hombrewed one that i use basically use the same information, to buy and sell, so, i may keep it since it automatically  buys and sells, its a true bot, not a quasi bot like Ive been using.. time will tell if it actually works, lol...

[PoUpA]

!?! the dividends decreased ?

[Bargraphics]

฿95.63700000 + (25%) ฿23.90925 = ฿119.54625 - Mined Last Week
฿92.37093601 + (25%) ฿23.0927340025 = ฿115.4636700125 - Mined this week

September 25th was the last increase in Difficulty and I believe we were mining at 4.2TH last week and 5.1TH this week? Also 1,500 more shares were sold.

I expected a tad bit less.

[mmmerlin]

!?! the dividends decreased ?

Slightly, and as expected, yes. But not for much longer though, sit tight... 

[bigasic]

Also, we were a lot luckier the week before.. It will get better... at roughly 5.1 ths (remember, running at 100 percent uptime is very difficult to do) at todays difficulty should bring in about 120 coins over 7 days, thats running at 5.1ths and 100 percent uptime.. So, if no shares are sold between now and next week and the hashrate stays at 5.1ths, we should expect pretty close to what we got today.. (I think my math was right)

[nwfella]

Yes, i think your right.. Its someone that was given shares for gear and is cashing out.. Im mostly speculating, but I think im spot on...No reason to panic.

I am not speculating, I keep a record of exactly what is happening 

Indeed, but only movement from one of them. You are not alone in keeping records 

I'm bettin these fellas have been watching things so closely they could probably teach the good ole we are only capturing a few datapoints boys a thing or two about tracking

Thought today's payout would actually be a bit lower. Sure would be nice to view the current hashrates across however many pools LRM is currently mining in though.

[Lab_Rat]

It'll be nice if the exchange rate for bitcoin pops before Labrat orders anything, and stays up when using the scooped up dividends next month.
The price pattern for bitcoin is looking nice on the chart, so far.

Assuming he orders in fiat, not BTC?

Not sure how likely this is.

Equipment is priced in fiat, but he has in the past held funds in bitcoin until paying.

Correct

[Lab_Rat]

!?! the dividends decreased ?

Slightly, and as expected, yes. But not for much longer though, sit tight...  

Yes, the issues with James' pool on 9/22-23 that resulted in the hop to btcguild hurt a little, then there's a time delay in receiving mined coins so it did drop a little bit, but more hashrate has been added, and (as long as BTC Guild stops acting up like it has been tonight) we should see some excellent dividends this week.  ~5.6TH currently and I have it balanced between James' and BTC Guild.

[Lab_Rat]

Also, we were a lot luckier the week before.. It will get better... at roughly 5.1 ths (remember, running at 100 percent uptime is very difficult to do) at todays difficulty should bring in about 120 coins over 7 days, thats running at 5.1ths and 100 percent uptime.. So, if no shares are sold between now and next week and the hashrate stays at 5.1ths, we should expect pretty close to what we got today.. (I think my math was right)

Getting close enough to 100% uptime isn't that hard to do when you're doing it full time as long as people who own these pools stop screwing around for a full week haha.  BTCGuild appears to have gotten some minor work done, so I'm not sure if this dip was from a pool restart or an attack.

[sparky999]

Can you please tell us the total hashing power after the extra dividend witholding - most people assumed it would be taking us to somewhere around the 40Th mark but your previous posts seem to indicate only around 30Th.

[bigasic]

From my understanding WITHOUT the dividends we are giving up, we should be around 30ths (maybe a little less) but since we are giving up the dividends, that should raise it considerably. I think its unknown where we will be after the dividends are spent on hashrate since 1. we dont know the exact amount and 2. lab rat is probably working out the details.. Ill let Lab rat come and clarify, but thats how I see it. Could you please clarify this Lab rat?

[Lab_Rat]

Can you please tell us the total hashing power after the extra dividend witholding - most people assumed it would be taking us to somewhere around the 40Th mark but your previous posts seem to indicate only around 30Th.

It will likely be between 30 and 34 TH after the 2 week withholding.  It was looking like it would be around 40TH, but there was an unfortunate miscommunication between Dave and I that resulted in this.  With the 2 week withholding, it will allow us to push past 40TH very quickly though as I will be reinvesting a significant amount early on to fight the difficulty.

EDIT: I would like to point out that (34TH * .75) / 51,707 = 493MH/s per bond though.  I consider that a great success over initial estimates.

[ksenter]

Also, we were a lot luckier the week before.. It will get better... at roughly 5.1 ths (remember, running at 100 percent uptime is very difficult to do) at todays difficulty should bring in about 120 coins over 7 days, thats running at 5.1ths and 100 percent uptime.. So, if no shares are sold between now and next week and the hashrate stays at 5.1ths, we should expect pretty close to what we got today.. (I think my math was right)

Getting close enough to 100% uptime isn't that hard to do when you're doing it full time as long as people who own these pools stop screwing around for a full week haha.  BTCGuild appears to have gotten some minor work done, so I'm not sure if this dip was from a pool restart or an attack.

Have you considered using p2pool as a backup?  It's harder to take p2pool down with ddos attacks.

[||bit]

Can you please tell us the total hashing power after the extra dividend witholding - most people assumed it would be taking us to somewhere around the 40Th mark but your previous posts seem to indicate only around 30Th.

It will likely be between 30 and 34 TH after the 2 week withholding.  It was looking like it would be around 40TH, but there was an unfortunate miscommunication between Dave and I that resulted in this.  With the 2 week withholding, it will allow us to push past 40TH very quickly though as I will be reinvesting a significant amount early on to fight the difficulty.

EDIT: I would like to point out that (34TH * .75) / 51,707 = 493MH/s per bond though.  I consider that a great success over initial estimates.

It will be a success in the MH sense, but keep in mind 100MH/bond cost people that bought bonds from BTC1.5/GH to BTC2.5/GH. That's in the range of $150 to $250/GH if bought when BTC was at $100. Bond buyers didn't expected 100MH to be the case for long. But, yes, 493MH/bond will be much nicer than 100MH/bond - especially if it was online now.

[Bargraphics]

Can you please tell us the total hashing power after the extra dividend witholding - most people assumed it would be taking us to somewhere around the 40Th mark but your previous posts seem to indicate only around 30Th.

It will likely be between 30 and 34 TH after the 2 week withholding.  It was looking like it would be around 40TH, but there was an unfortunate miscommunication between Dave and I that resulted in this.  With the 2 week withholding, it will allow us to push past 40TH very quickly though as I will be reinvesting a significant amount early on to fight the difficulty.

EDIT: I would like to point out that (34TH * .75) / 51,707 = 493MH/s per bond though.  I consider that a great success over initial estimates.

It will be a success in the MH sense, but keep in mind 100MH/bond cost people that bought bonds from BTC1.5/GH to BTC2.5/GH. That's in the range of $150 to $250/GH if bought when BTC was at $100. Bond buyers didn't expected 100MH to be the case for long. But, yes, 493MH/bond will be much nicer than 100MH/bond - especially if it was online now.

Remember you are effectively paying nothing as long as the share price stays at the rate at which you purchased and you can find a buyer.

[bittymitty]

493 MH/s per bond is great.  Keep up the good work Lab_Rat.