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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042215 times)
matt4054
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September 19, 2013, 12:38:42 AM
 #11641

Since this payout is for a block mined  6 hours ago, that's when LC's address is not known to the public.
Therefore, a) is out.

I don't know about Slush's pool specifically, but on most mining pools with a username/pass system (vs address-only system like Eligius), you can change your payout address at any time, so there is no conclusive evidence either for or against a) AFAIK.
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codegnome
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September 19, 2013, 12:38:52 AM
 #11642

So let me get this right. Someone mined 3 BTC and sent it to the Labcoin wallet to cause a price spike?

Which I bought into.

How dumb am I? What kind a person does this?

TradeFortress
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September 19, 2013, 12:39:37 AM
 #11643

So let me get this right. Someone mined 3 BTC and sent it to the Labcoin wallet to cause a price spike?

Which I bought into.

How dumb am I? What kind a person does this?
Only Labcoin and a possible manipulator knows if this is true or not.
Ukyo
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September 19, 2013, 12:39:56 AM
 #11644

So let me get this right. Someone mined 3 BTC and sent it to the Labcoin wallet to cause a price spike?

Which I bought into.

How dumb am I? What kind a person does this?

That's not proven yet.
Won't know for sure for about 30 more blocks.

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Bitcycle
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September 19, 2013, 12:40:15 AM
 #11645

So let me get this right. Someone mined 3 BTC and sent it to the Labcoin wallet to cause a price spike?

Which I bought into.

How dumb am I? What kind a person does this?

There is no evidence this is what happened.

There is no evidence against it, however, and this thread is the most suspicious place on the internet.
KCBitcoin
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September 19, 2013, 12:40:23 AM
 #11646

Since this payout is for a block mined  6 hours ago, that's when LC's address is not known to the public.
Therefore, a) is out.

I don't know about Slush's pool specifically, but on most mining pools with a username/pass system (vs address-only system like Eligius), you can change your payout address at any time, so there is no conclusive evidence either for or against a) AFAIK.
all right, then it is still possible someone did this just for the sake of pumping the share price.
superduh
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September 19, 2013, 12:41:50 AM
 #11647

So let me get this right. Someone mined 3 BTC and sent it to the Labcoin wallet to cause a price spike?

Which I bought into.

How dumb am I? What kind a person does this?
Only Labcoin and a possible manipulator knows if this is true or not.
yup
a pic of some shit hashing would go a long way.

ok
Ytterbium
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September 19, 2013, 12:42:01 AM
 #11648

So let me get this right. Someone mined 3 BTC and sent it to the Labcoin wallet to cause a price spike?

Which I bought into.

How dumb am I? What kind a person does this?

Maybe that happened.  A more plausible scenario is that labcoin is actually mining.  We'll have to see when another payment comes in.

Slush's next payment still has 27 confirmations left. So once the network finds 27 more blocks we should know.

Slush's is a pretty terrible pool to mine on if you're equipment is unstable, though.  The shares you submit only hold value for 5 minutes or so, then start to exponentially decline.  If you're offline for more then 5 minutes, you basically get nothing for the work you put in.

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September 19, 2013, 12:42:32 AM
 #11649

if someone did it, he is a fucked evil genius
codegnome
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September 19, 2013, 12:44:25 AM
 #11650

if someone did it, he is a fucked evil genius

A butthead is more like it. Thanks for the explanations.

JWU90
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September 19, 2013, 12:44:40 AM
 #11651

if someone did it, he is a fucked evil genius

he will be even more of a genius if he does it a second time.
tucenaber
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September 19, 2013, 12:45:44 AM
 #11652

Keep donating I say!!
KCBitcoin
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September 19, 2013, 12:45:59 AM
 #11653

So let me get this right. Someone mined 3 BTC and sent it to the Labcoin wallet to cause a price spike?

Which I bought into.

How dumb am I? What kind a person does this?

Maybe that happened.  A more plausible scenario is that labcoin is actually mining.  We'll have to see when another payment comes in.

Slush's next payment still has 27 confirmations left. So once the network finds 27 more blocks we should know.

Slush's is a pretty terrible pool to mine on if you're equipment is unstable, though.  The shares you submit only hold value for 5 minutes or so, then start to exponentially decline.  If you're offline for more then 5 minutes, you basically get nothing for the work you put in.
are we talking about Block #258662?
Ytterbium
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September 19, 2013, 12:46:14 AM
 #11654

You can keep track of when the next payments are coming in here: http://mining.bitcoin.cz/stats/

If they get another 3.2btc, it will mean they have about 8.5TH/s   since 25/3.2 = 7.8125  and 7.8125*67Th/s = 8.576

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September 19, 2013, 12:46:17 AM
 #11655

if someone did it, he is a fucked evil genius

he will be even more of a genius if he does it a second time.

that's what I was thinking about... but I hope labcoin or theswede will open the mouth before the 31 confirmations left
Ukyo
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September 19, 2013, 12:46:55 AM
 #11656

Meh, if he want's to keep donating 6TH worth of mining to labcoin shareholders I for one am happy to accept. Wink

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VolanicEruptor
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September 19, 2013, 12:47:59 AM
 #11657

3 BTC / 10,000,000 shares is .0000003/share.  We are the new wealthy elite, ladies and gentlemen.

Ukyo
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September 19, 2013, 12:48:28 AM
 #11658

You can keep track of when the next payments are coming in here: http://mining.bitcoin.cz/stats/

If they get another 3.2btc, it will mean they have about 8.5TH/s   since 25/3.2 = 7.8125  and 7.8125*67Th/s = 8.576

Careful, quite a few of slush's blocks are 26 and 27btc each. Wink
This would account for a slightly smaller TH rate.

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superduh
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September 19, 2013, 12:48:47 AM
 #11659

Meh, if he want's to keep donating 6TH worth of mining to labcoin shareholders I for one am happy to accept. Wink

3 btc "donation" is nothing if you can make 50x more from trading Cheesy

ok
KCBitcoin
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September 19, 2013, 12:49:57 AM
 #11660

You can keep track of when the next payments are coming in here: http://mining.bitcoin.cz/stats/

If they get another 3.2btc, it will mean they have about 8.5TH/s   since 25/3.2 = 7.8125  and 7.8125*67Th/s = 8.576

Careful, quite a few of slush's blocks are 26 and 27btc each. Wink
This would account for a slightly smaller TH rate.
but the one labcoin got was 25.09665649btc
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