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[Lab_Rat]

Lab_Rat did you get my last pm about the last payout?

I know its only like .01  but I want it dammit

Nm its there, apparently had a lot of transactions that day and missed it.

My fault

There is a lot of blockchain spam going on right now so if you get a single satoshi from someone... it's not me.

Yeah I got 3 of them, and one came to that Label, so I was like darn I got missed. Then I must have only saw the last payment from Lab_Rat and missed that days payment.

What is with that spam anyhow? What could it potentially do that's useful, or harmful depending how you look at it?

Useful:

There could be messages attached to the tx's as a form of advertising.

Detrimental:

People could be trying to clog up the blockchain with large memory consuming tx's making the block sizes large and in turn making it hard for an average individual to host a full node if the blockchain hits TBs of memory in the next year or 2.

[1715700214]

1715700214

[1715700214]

1715700214

[1715700214]

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[1715700214]

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[1715700214]

1715700214

[grnbrg]

What is with that spam anyhow? What could it potentially do that's useful, or harmful depending how you look at it?

In the case of the couple I recently received, they were advertising a bitcoin gambling site.


grnbrg.

[Doff]

Oh cool, how do I see the messages in them?

[Lab_Rat]

Distributions paid:

Mined: BTC1.49260696
Per Contract: BTC0.00000837
   
Bonus: BTC2.11959959
Bonus Per contract: BTC0.00001188

[Lab_Rat]

Oh cool, how do I see the messages in them?

blockchain.info allows you to attach messages to a tx in their database, but you can also imbed messages in the blockchain itself.

[fractal02]

Distributions paid:

Mined: BTC1.49260696
Per Contract: BTC0.00000837
   
Bonus: BTC2.11959959
Bonus Per contract: BTC0.00001188

Ouch...this one is pretty low...
Any news for the futur of LabRat mining ?

[xuyongpku]

This is the sign of game over!

[ninthgate]

This is the sign of game over!

Maybe, maybe not.  It's a sign that btc:usd is down.  If btc continues down, then that bonus erodes.  Now, that margin is precariously thin.

Take a look at the pm market.  Thats getting smacked as well.

The usd is "strengthening" with downtrend in us unemployment, and there is no sign of inflation despite fed low interest policy.  In other words, the spec trade is off.  People will roll usd into equities or remain in usd going into the gift giving holidays.

Btc is volatile - it might go up.  I suspect it will flatten or go down for the remainder of the year, but that's just me.  At the end of the day, btc mining is too cheap and easy at this exchange rate.  A shake up will come to marginalize devices like the antminers.  Home farmers are just about done, but hopefully labrat has sufficient optimization.

If people want btc to go up, they should buy some btc, to absorb the otherwise cheap and abundant supply.

[elitenoob]

What will happen to our div's if power costs are higher than the amount of bitcoins? I don't want to pay on top of it to get overpriced div's at the end...

[MrTeal]

What will happen to our div's if power costs are higher than the amount of bitcoins? I don't want to pay on top of it to get overpriced div's at the end...

If the cost of power rises higher than the bonus amount, you need to cut Lab_Rat a check every week to help pay for power.

[ninthgate]

What will happen to our div's if power costs are higher than the amount of bitcoins? I don't want to pay on top of it to get overpriced div's at the end...

If the cost of power rises higher than the bonus amount, you need to cut Lab_Rat a check every week to help pay for power.

Lol.  Don't remember that part in the contract -- either version.

I 'd guess operating expense runs somewhere around $3k a week. So, I'd guess that somewhere around $200/btc, there is no bonus, and lower ends up being Bad news.  In the endgame, Zach would forego his comp, to see if btc snaps back.  If it doesnt, then things start going dark, since electric bill couldnt be met.  Theres potential that things get ugly quickly.  But, btc is incredibly volatile. Its insane to do forecasts, since normal range corrections in either direction is massive.

[elitenoob]

What will happen to our div's if power costs are higher than the amount of bitcoins? I don't want to pay on top of it to get overpriced div's at the end...

If the cost of power rises higher than the bonus amount, you need to cut Lab_Rat a check every week to help pay for power.

omg the investors got screwed cough...

[Lab_Rat]

Just bought some more efficient hardware earlier this week to replace the old BF gear from last Oct.  Power efficiency will be better by the end of the week, maybe next week.

[Lab_Rat]

What will happen to our div's if power costs are higher than the amount of bitcoins? I don't want to pay on top of it to get overpriced div's at the end...

If the cost of power rises higher than the bonus amount, you need to cut Lab_Rat a check every week to help pay for power.

Lol.  Don't remember that part in the contract -- either version.

I 'd guess operating expense runs somewhere around $3k a week. So, I'd guess that somewhere around $200/btc, there is no bonus, and lower ends up being Bad news.  In the endgame, Zach would forego his comp, to see if btc snaps back.  If it doesnt, then things start going dark, since electric bill couldnt be met.  Theres potential that things get ugly quickly.  But, btc is incredibly volatile. Its insane to do forecasts, since normal range corrections in either direction is massive.

It wasn't and isn't in the contract... Trolls gotta be trolls.

Your guess on operating expenses are pretty close, but slightly over after rent, power, internet, etc.  Closer to $26-2700 and getting lower.

The only issue is the price is going down and diff going up at the same time.  More power efficient hardware is on its way and there are some big plans for Q1/2015 to greatly reduce costs and increase hashrate.

[Endlessa]

What will happen to our div's if power costs are higher than the amount of bitcoins? I don't want to pay on top of it to get overpriced div's at the end...

If the cost of power rises higher than the bonus amount, you need to cut Lab_Rat a check every week to help pay for power.

Lol.  Don't remember that part in the contract -- either version.

I 'd guess operating expense runs somewhere around $3k a week. So, I'd guess that somewhere around $200/btc, there is no bonus, and lower ends up being Bad news.  In the endgame, Zach would forego his comp, to see if btc snaps back.  If it doesnt, then things start going dark, since electric bill couldnt be met.  Theres potential that things get ugly quickly.  But, btc is incredibly volatile. Its insane to do forecasts, since normal range corrections in either direction is massive.

It wasn't and isn't in the contract... Trolls gotta be trolls.

Your guess on operating expenses are pretty close, but slightly over after rent, power, internet, etc.  Closer to $26-2700 and getting lower.

The only issue is the price is going down and diff going up at the same time.  More power efficient hardware is on its way and there are some big plans for Q1/2015 to greatly reduce costs and increase hashrate.

Which contract? lol

[Lab_Rat]

Today you'll notice a dip in the hashrate, but it should climb back up quickly.

[fractal02]

Today you'll notice a dip in the hashrate, but it should climb back up quickly.

New more efficient hardware ?

LabRat, scrypt mining is on your radar or not ?

[btcrealm]

Today you'll notice a dip in the hashrate, but it should climb back up quickly.

Thank you this kind of update is good to see.

[Lab_Rat]

Distributions out:

Mined: BTC1.59967071
Per Contract: BTC0.00000897
   
Bonus: BTC6.2831853
Bonus Per contract: BTC0.00003522

[Lab_Rat]

Today you'll notice a dip in the hashrate, but it should climb back up quickly.

New more efficient hardware ?

LabRat, scrypt mining is on your radar or not ?

Yes, and Yes.