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[Endlessa]

Would be awesome if we could see the mining payout wallet.  We could both run a 7/10 day average to see hash and see what is actually being mined. Do we know that addy?

[||bit]

If I recall, there was more than 2 weeks mined. He just "officially" started the 2 weeks ago, 2 weeks ago, I believe he was receiving equipment to mine with before, I think that the mining without our dividends is actually closer to 3-4 weeks, but not all of it was up and running during the first week, I think..

I just wish things were more transparent.. If your running an honest operation (which I think and hope Lab rat is doing) being transparent should be the first thing one should do. It will explain things like this....

+1

[||bit]

Another stab at what dividends should come out to theoretically. The website indicates there is NOT 25TH available, but rather about 20.95TH:

From labrat's website: "Hashrate: 5.45 TH/s + 15.5TH/s mining for additional hardware"

So...

5.45TH    @ 707,408,283 difficulty x 1.5 days = BTC3.8745/day x 1.5days = BTC5.81175
20.95TH  @ 707,408,283 difficulty x 1 day = BTC14.8939
20.95 TH @ 908,350,862 difficulty x 4.5 days = BTC11.5991/day x 4.5 days = BTC52.19595
-----------------------------------------------------------------------------------------------------------
Total: BTC5.81175 + BTC14.8939 + BTC52.19595 =  BTC72.901652 mined (theoretical)

BTC72.901652 x 0.75 = BTC54.676239 to dividends

BTC54.676239/ 57350 bonds = BTC.00095337/bond <---- theoretical yield

Actual paid:
BTC0.00076112/bond

Difference (theory - actual):
BTC.00095337/bond - BTC0.00076112/bond = BTC0.00019225/bond

0.00019225/.00095337 = ~20.17% below theoretical.

This could be due to bad luck. It would be nice to be able to view the pool results.

[Endlessa]

Would be awesome if we could see the mining payout wallet.  We could both run a 7/10 day average to see hash and see what is actually being mined. Do we know that addy?

just realized that would only help if we were solo. ..hopefully soon

[M31]

Endlessa: how many TH/s do you think we need to go solo?

[Kokomoka]

Another stab at what dividends should come out to theoretically. The website indicates there is NOT 25TH available, but rather about 20.95TH:

From labrat's website: "Hashrate: 5.45 TH/s + 15.5TH/s mining for additional hardware"

So...

5.45TH    @ 707,408,283 difficulty x 1.5 days = BTC3.8745/day x 1.5days = BTC5.81175
20.95TH  @ 707,408,283 difficulty x 1 day = BTC14.8939
20.95 TH @ 908,350,862 difficulty x 4.5 days = BTC11.5991/day x 4.5 days = BTC52.19595
-----------------------------------------------------------------------------------------------------------
Total: BTC5.81175 + BTC14.8939 + BTC52.19595 =  BTC72.901652 mined (theoretical)

BTC72.901652 x 0.75 = BTC54.676239 to dividends

BTC54.676239/ 57350 bonds = BTC.00095337/bond <---- theoretical yield

Actual paid:
BTC0.00076112/bond

Difference (theory - actual):
BTC.00095337/bond - BTC0.00076112/bond = BTC0.00019225/bond

0.00019225/.00095337 = ~20.17% below theoretical.

This could be due to bad luck. It would be nice to be able to view the pool results.

Knowing how seriously labrat treats his shareholders, he will probably just shrug his shoulders and say "whatever".

[fractal02]

Knowing how seriously labrat treats his shareholders, he will probably just shrug his shoulders and say "whatever".

It's pretty boring in fact... 

Don't tell me writing 3-4 lines to put details of the week dividends is that hard.
It's barely the minimum in fact.

If i want amateurish venture i can go to "group buy" section. 

[Kokomoka]

When difficult questions like this come up, labrat just disappears from the board until the topic of conversation has moved on. Then he reappears.

[elitenoob]

When difficult questions like this come up, labrat just disappears from the board until the topic of conversation has moved on. Then he reappears.

So keep this in mind and surprise him when he responds

[grnbrg]

He is out of town, and connecting where he can via iPhone...

That said, the current hash rate is reported to be 23TH/s, and some bad pool luck this week.  Not much, but that's what I've got.


grnbrg.

[Endlessa]

Endlessa: how many TH/s do you think we need to go solo?

I'll do the math tomorrow and figure it out, but I wrote a mining simulator back in march/april (to see how personal hash would perform under different scenarios) and it seemed optimal to be able to solve 2/3 blocks per cycle.  You have not take in account hash growth and acceleration (rate of block solves past current difficulty, when difficulty changes it's almost instantly lower than network hash would dictate realtime, so it skews the "theoretical" maths).  so as a safety margin, my tests said about 3 would help mitigate non-solve periods due to lucky/unlucky and competition (unexpected large deployments mid cycle).  so you don't end up chasing the proverbial difficulty tail, so to speak.


those were just my tests . . . feel free to verify


edit: a cycle being a difficulty change

[Pentium100]

I really hope an automatic trading system is put in place soon.

[Ashitank]

We share holders are really the rat in the lab here , nothing is transparent about this whole OP , selling more shares & further diluting dividends for a asic pipe dream , not sharing mining pool info , not sharing how much money earned & spent & where & on what , Lab_rat can do what he wants , he got us rats trapped in his lab ..    

IF dividends are going to be lower than expected LAB_rat should keep us posted on this but no , why does he care despite of emphasizing that we are invested into LRM for returns based on dividends & hopefully healthy share price ....  .... 

[||bit]

He is out of town, and connecting where he can via iPhone...

That said, the current hash rate is reported to be 23TH/s, and some bad pool luck this week.  Not much, but that's what I've got.


grnbrg.

Any chances that the pool mining will be made public for those that funded the purchase of the hardware?

[daemonfox]

Endlessa: how many TH/s do you think we need to go solo?

I'll do the math tomorrow and figure it out, but I wrote a mining simulator back in march/april (to see how personal hash would perform under different scenarios) and it seemed optimal to be able to solve 2/3 blocks per cycle.  You have not take in account hash growth and acceleration (rate of block solves past current difficulty, when difficulty changes it's almost instantly lower than network hash would dictate realtime, so it skews the "theoretical" maths).  so as a safety margin, my tests said about 3 would help mitigate non-solve periods due to lucky/unlucky and competition (unexpected large deployments mid cycle).  so you don't end up chasing the proverbial difficulty tail, so to speak.


those were just my tests . . . feel free to verify


edit: a cycle being a difficulty change

Sounds cool... let me take a stab in the dark at something rough using your suggested 3 blocks.

I would suggest always plugging in a predicted difficulty based on current est next difficulty * 1.3 to accommodate the additional hashpower added through the cycle. This way there is some headroom by using the END OF CYCLE estimated hashrate.

I took the next estimated adjustment and multiplied it to get 10660000 GH/s as the possible end result of the next adjustment, which will be my target hashrate for the following calculations.

To gain a minimum of 3 blocks by the end of the next adjustment would be (desired blocks/blocks per adjustment) * hashrate = needed average solo hashrate or...

(3/2016)  * 10660000 = 15863.09523809524 GH/s to obtain an average of 75 BTCs by the end of the next cycle.

So... by Endlessa's evaluation and some rough calculations... Lab_Rat is ahead of the game sitting at 23 TH/s and is outpacing a possible recommended minimum to solo mine hashrate if you are seeking only 3 blocks.

Food for thought. Curious if maybe the mine shouldn't just use GHash.io instead of where ever we are now... luck is good... hashrate is more than 2.25 PH/s and NMC/DVC/IXC are all included and ZERO POOL FEE! Only a 0.005 withdrawal fee. And since they allow you to buy cloud hashes with NMC... no reason not to have all NMC earned to be put straight into cloud mining to boost the total earnings. Why not?

Thoughts?

[smracer]

We really need an automatic trading system.  Any way to use tor maybe?  Maybe someone with a large number of shares could set up a pass through.

what about https://www.havelockinvestments.com/

Can someone with a lot of shares set up a pass through on havelock?  how many shares would you need to do this?

[Flashman]

Personally, I reckon it's not worth soloing until we have at least one percent of total network hash.... even then variance will be a quite a bitch.

[countduckula]

Food for thought. Curious if maybe the mine shouldn't just use GHash.io instead of where ever we are now... luck is good... hashrate is more than 2.25 PH/s and NMC/DVC/IXC are all included and ZERO POOL FEE! Only a 0.005 withdrawal fee. And since they allow you to buy cloud hashes with NMC... no reason not to have all NMC earned to be put straight into cloud mining to boost the total earnings. Why not?

Thoughts?

Seems like an excellent idea, the luck in the pool its been quite good, and also can use the NMC as you said to boost it buying more Ghs from cex.io market. Whatever he does, he also needs to use a referral to daemonfox to give 3% referral bonus as thanks !

Mining BTC, NMC, ICX and DVC all togheter in one place with 0% pool fees its simply awesome.

[daemonfox]

Food for thought. Curious if maybe the mine shouldn't just use GHash.io instead of where ever we are now... luck is good... hashrate is more than 2.25 PH/s and NMC/DVC/IXC are all included and ZERO POOL FEE! Only a 0.005 withdrawal fee. And since they allow you to buy cloud hashes with NMC... no reason not to have all NMC earned to be put straight into cloud mining to boost the total earnings. Why not?

Thoughts?

Seems like an excellent idea, the luck in the pool its been quite good, and also can use the NMC as you said to boost it buying more Ghs from cex.io market. Whatever he does, he also needs to use a referral to daemonfox to give 3% referral bonus as thanks !

Mining BTC, NMC, ICX and DVC all togheter in one place with 0% pool fees its simply awesome.

https://cex.io/r/1/daemon/0/

[bigasic]

Id like to hear more about the asic chip idea. I have heard a little bit about it, but if that what it takes us to keep our dividends up, then im all for it. I just hope things go well. We all know it can easily take 1 plus years from concept to manufacture. It may be the thing that will save our bacon. If LR is making a chip, it would be awesome to know where he is in the production.

If shares are sold and the money is immediately put into new equipment, then it wont hurt us, what will hurt us is if it takes 6 plus months until that new equipment starts hashing, all we will be doing is diluting the shares.

LR, I would love to hear your plans on the asic chip idea. I know some dont like the idea, but it will really benefit us if it works out as planned.