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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1040800 times)
alphaking
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September 19, 2013, 07:24:53 AM
 #11821

solo mining -> pool mining, nothing is true.
Maybe they just buy some chips to mine instead of their own product. Cry Cry Cry
Ahh there you are at last, I thought it was all over!!!  Kiss


But I bought @0.0035. Cry Cry Cry
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ThePeshMod
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September 19, 2013, 07:26:03 AM
 #11822

0.11 per block is about 67.6 * 0.11 / 25 = 0.297 TH/s

Let's see whether this number increases after a couple of hours. Otherwise, let's see how labcoin explain where's their 5+ Th.
well these figures are rather disappointing.

Well, do remember these are from 14-15 hours ago.

Possibly they had a test set of boards running at a very low level before ramping up to the full set.

We'd know if they'd, you know, tell us.

Weird, my calculations show pretty close to actual 2 TH (assuming of course regular payments to that address). Between the first and last payment there is a bit over 10 hours. BTC3.63 over that time period estimates ~ BTC8.62 per day. 2 TH, according to the BTC calculators yields BTC8.93 per day. So I'd say currently about 2 TH.

EDIT: I'm sure someone with a bit of programming knowledge can do tracking of, let's say, hash rate 5-day moving average solely from information from that address. That should give us a good estimation of their true hash rate.
klee
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September 19, 2013, 07:26:29 AM
 #11823

solo mining -> pool mining, nothing is true.
Maybe they just buy some chips to mine instead of their own product. Cry Cry Cry
Ahh there you are at last, I thought it was all over!!!  Kiss


But I bought @0.0035. Cry Cry Cry
No worries it will go 3.5!

BTC: 1K9atu5zgz7izCMAynk5adBJ8Qn2YgS6nT
Ukyo
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September 19, 2013, 07:33:53 AM
 #11824

Weird, my calculations show pretty close to actual 2 TH (assuming of course regular payments to that address). Between the first and last payment there is a bit over 10 hours. BTC3.63 over that time period estimates ~ BTC8.62 per day. 2 TH, according to the BTC calculators yields BTC8.93 per day. So I'd say currently about 2 TH.

My 190gh'ish 3 avalons get about 1.5~ btc a day for a comparison.
At 2TH, I hope they are making more than that. Wink

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September 19, 2013, 07:38:19 AM
 #11825

Weird, my calculations show pretty close to actual 2 TH (assuming of course regular payments to that address). Between the first and last payment there is a bit over 10 hours. BTC3.63 over that time period estimates ~ BTC8.62 per day. 2 TH, according to the BTC calculators yields BTC8.93 per day. So I'd say currently about 2 TH.

My 190gh'ish 3 avalons get about 1.5~ btc a day for a comparison.
At 2TH, I hope they are making more than that. Wink

BTC8.93 per 24 hours at current difficulty is what this calc says Smiley
TradeFortress
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September 19, 2013, 07:40:34 AM
 #11826

0.11 per block is about 67.6 * 0.11 / 25 = 0.297 TH/s

Let's see whether this number increases after a couple of hours. Otherwise, let's see how labcoin explain where's their 5+ Th.
well these figures are rather disappointing.

Well, do remember these are from 14-15 hours ago.

Possibly they had a test set of boards running at a very low level before ramping up to the full set.

We'd know if they'd, you know, tell us.

Weird, my calculations show pretty close to actual 2 TH (assuming of course regular payments to that address). Between the first and last payment there is a bit over 10 hours. BTC3.63 over that time period estimates ~ BTC8.62 per day. 2 TH, according to the BTC calculators yields BTC8.93 per day. So I'd say currently about 2 TH.

EDIT: I'm sure someone with a bit of programming knowledge can do tracking of, let's say, hash rate 5-day moving average solely from information from that address. That should give us a good estimation of their true hash rate.

The first payment can't be counted - it's a backlog of probably days of mining.

A more realistic figure makes it look like LABCOIN has two Avalons.
MaxSan
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September 19, 2013, 07:53:01 AM
 #11827

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...
Zakryze
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September 19, 2013, 07:54:48 AM
 #11828

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
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SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
BitCsByBit
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September 19, 2013, 07:55:31 AM
 #11829

0.11 per block is about 67.6 * 0.11 / 25 = 0.297 TH/s

Let's see whether this number increases after a couple of hours. Otherwise, let's see how labcoin explain where's their 5+ Th.
well these figures are rather disappointing.

Well, do remember these are from 14-15 hours ago.

Possibly they had a test set of boards running at a very low level before ramping up to the full set.

We'd know if they'd, you know, tell us.

Weird, my calculations show pretty close to actual 2 TH (assuming of course regular payments to that address). Between the first and last payment there is a bit over 10 hours. BTC3.63 over that time period estimates ~ BTC8.62 per day. 2 TH, according to the BTC calculators yields BTC8.93 per day. So I'd say currently about 2 TH.

EDIT: I'm sure someone with a bit of programming knowledge can do tracking of, let's say, hash rate 5-day moving average solely from information from that address. That should give us a good estimation of their true hash rate.

The first payment can't be counted - it's a backlog of probably days of mining.

A more realistic figure makes it look like LABCOIN has hash rate of two Avalons.

FTFY

Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
MaxSan
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September 19, 2013, 07:57:52 AM
 #11830

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

How dont they have their own miners?
BitCsByBit
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September 19, 2013, 08:01:41 AM
 #11831

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

How dont they have their own miners?

Don't worry, he is just trolling!!!

Only 6 days since he got out of newbie jail and all he has done so far is trolled the Labcoin thread.



Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
Luckybit
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September 19, 2013, 08:02:34 AM
 #11832

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

How dont they have their own miners?

They bought themselves some time. I don't think people will care what miners they are using as long as they keep hashing. I think a few weeks from now pressure will build if their hash rate doesn't continue to increase.
abuelau
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September 19, 2013, 08:10:27 AM
 #11833

Just FYI, 2TH/s should generate about 9BTC per 24 hours at current difficulty (anyone can easily check this with any of the various online bitcoin calculators). Labcoin has generated about 3.5 BTC so far (in about 8 to 9 hours since first payment arrived in that address).

So I think so far it's pretty consistent with 2TH/s. Not sure why there was a guy saying they don't have 2TH/s...

Know what's happening in cryptoworld: www.coinschedule.com
Zakryze
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September 19, 2013, 08:12:12 AM
 #11834

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

How dont they have their own miners?

well they might have bought their "own" miners but probably have not anything selfassembled hashing so far.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
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SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
Bitcycle
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September 19, 2013, 08:15:05 AM
 #11835

Just FYI, 2TH/s should generate about 9BTC per 24 hours at current difficulty (anyone can easily check this with any of the various online bitcoin calculators). Labcoin has generated about 3.5 BTC so far (in about 8 to 9 hours since first payment arrived in that address).

So I think so far it's pretty consistent with 2TH/s. Not sure why there was a guy saying they don't have 2TH/s...

We don't know what that 3.5 BTC represented.  Could have been any length of time.

The payments since then are at a much, much lower rate.  They didn't have 2TH online when those blocks were solved.

Could be teething issues, we don't know because they won't tell us.
Luckybit
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September 19, 2013, 08:16:52 AM
 #11836

Just FYI, 2TH/s should generate about 9BTC per 24 hours at current difficulty (anyone can easily check this with any of the various online bitcoin calculators). Labcoin has generated about 3.5 BTC so far (in about 8 to 9 hours since first payment arrived in that address).

So I think so far it's pretty consistent with 2TH/s. Not sure why there was a guy saying they don't have 2TH/s...

We don't know what that 3.5 BTC represented.  Could have been any length of time.

The payments since then are at a much, much lower rate.  They didn't have 2TH online when those blocks were solved.

Could be teething issues, we don't know because they won't tell us.

The real question is will you accept the dividends or not when its dividend time next week?
BitThink
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September 19, 2013, 08:17:10 AM
 #11837

Just FYI, 2TH/s should generate about 9BTC per 24 hours at current difficulty (anyone can easily check this with any of the various online bitcoin calculators). Labcoin has generated about 3.5 BTC so far (in about 8 to 9 hours since first payment arrived in that address).

So I think so far it's pretty consistent with 2TH/s. Not sure why there was a guy saying they don't have 2TH/s...

That's because you counted the first 3 BTC (God knows how long they have mined to get that 3 BTC).

After that, LC received around 0.11BTC every time 2 blocks were distributed by the Slush's pool. That's way below 2TH/s (actually around 0.2TH/s).

TMAN
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September 19, 2013, 08:17:50 AM
 #11838

Just have to keep watching, they did say they would let the hashing do the talking
Bitcycle
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September 19, 2013, 08:18:42 AM
 #11839

UPDATE:
The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12


Just noting these 12 hours are up, so they should be fully online by this point.



We haven't yet seen a payment for a block solved after Swede posted this message, by the way.  The next payment should contain such a block, but it might be several hours before we see one that reflects their full rate.

We'd know if they'd tell us.  (No, I won't stop making this point.  It's completely ridiculous that we're having to guess about this.)
abuelau
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September 19, 2013, 08:22:31 AM
 #11840

Hm, got it. Well, there are many possibilities even the proportional share payment common in pools could be having an effect. We need to wait at least 24 to 48 hours to really get a sense of the hash speed...

Know what's happening in cryptoworld: www.coinschedule.com
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