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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042512 times)
sayaz
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September 19, 2013, 08:34:39 AM
 #11841

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...

Lol its just always a little more time with labcoin isn't it
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BitThink
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September 19, 2013, 08:41:18 AM
 #11842

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.)


After the 12 hours deadline, the slush's pool has already found 2 blocks, 258796 and 258803. Let's see the result of the distribution of that 2 blocks. Currently, 93 and 100 confirms are needed respectively. Considering the distribution delay, we need to wait around 18 - 20 hours. Let's see what happens tomorrow.
Bitcycle
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September 19, 2013, 08:51:15 AM
 #11843

We may see a substantial increase from blocks 258728 and 258730, which need 23 and 25 confirms.  Those were from approximately 4-5 hours after Swede's post.  

That's the soonest I'd expect to see full hashrate online, could be later.  

Will be several hours until those blocks pay out.
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September 19, 2013, 09:07:31 AM
 #11844

If I remember correctly, someone mentioned that it would be difficult for LC to prove their hashrate while using Slush (can't be bothered to look for post).
Anyway, it seems actually quite easy using their API to integrate this info into any site.



here's how the setting page looks like, if anyone's interested...


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September 19, 2013, 09:09:10 AM
 #11845

So do you think we have a chance to know what happened between 10 Sep (the day they announced 2Th was mining) and Today?

a) Hashing did not work and they were busy fixing it. b) Hashing worked well, but the BTC mined were lost / hacked / distributed as their bonus. c) There were no hashing at all.
BitThink
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September 19, 2013, 09:10:39 AM
 #11846

If I remember correctly, someone mentioned that it would be difficult for LC to prove their hashrate while using Slush (can't be bothered to look for post).
Anyway, it seems actually quite easy using their API to integrate this info into any site.

Yes, building a website to show the hashing stats is one of their promises.
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September 19, 2013, 09:14:31 AM
 #11847

If I remember correctly, someone mentioned that it would be difficult for LC to prove their hashrate while using Slush (can't be bothered to look for post).
Anyway, it seems actually quite easy using their API to integrate this info into any site.

Take a look at #11824. If they want, they can show us what they have.

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September 19, 2013, 09:20:47 AM
 #11848

If I remember correctly, someone mentioned that it would be difficult for LC to prove their hashrate while using Slush (can't be bothered to look for post).
Anyway, it seems actually quite easy using their API to integrate this info into any site.

Take a look at #11824. If they want, they can show us what they have.

Nice, I must have missed that post.

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September 19, 2013, 09:21:11 AM
 #11849

Maybe nobody cares any more. Slush's pool has distributed 2 blocks more but nothing went to LC's address.
BitCsByBit
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September 19, 2013, 09:23:16 AM
 #11850

So do you think we have a chance to know what happened between 10 Sep (the day they announced 2Th was mining) and Today?

a) Hashing did not work and they were busy fixing it. b) Hashing worked well, but the BTC mined were lost / hacked / distributed as their bonus. c) There were no hashing at all.


I would guess:

d) Hashing worked with variable speed due to issues experienced. Due to solo mining no BTC were mined.


Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
Ytterbium
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September 19, 2013, 09:48:29 AM
 #11851

Now they're getting coins from some totally new address 0.7BTC

Wtf...

E.Sam
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September 19, 2013, 09:51:39 AM
 #11852

Now they're getting coins from some totally new address 0.7BTC

Wtf...

Just saw that... maybe someone trying to manipulate the market this time?

Ytterbium
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September 19, 2013, 09:55:20 AM
 #11853

They came from btcguild.  This address: https://blockchain.info/address/14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer

Looks like they came to their senses about slush.

BitThink
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September 19, 2013, 09:55:34 AM
 #11854

Now they're getting coins from some totally new address 0.7BTC

Wtf...
They are from this mining address:
14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer

How did you know it's BTCGuild?
Oh, by the coinbase signature. I see now.
demzie
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September 19, 2013, 10:04:25 AM
 #11855

Btcguild finally
BitThink
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September 19, 2013, 10:05:44 AM
 #11856

The hashing rate of BTC Guild is 391T.

25 * 2 / 391 = 0.127 BTC, so it took more than 5 blocks for 2Th/s to get 0.7 BTC.

By checking the transaction history, however, 0.7BTC could be the income of 2 blocks. So the hashing speed is 391 * 0.7 / 25 = 11 Th/s.

Great number. Smiley But we'd better to check more paying before we can know their actual hashing rate.
NineLives
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September 19, 2013, 10:06:02 AM
 #11857

Dear experts..

If all works well, what is the expected share rates in say 1year?

I'm trying to understand if they need to be sat on or get a good price?

Ta Smiley

Bitcoin Mining Hardware:   www.mininghardware.co.uk
KCBitcoin
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September 19, 2013, 10:07:07 AM
 #11858

Btcguild finally
if they have already switched, are we supposed to see their name here:
https://www.btcguild.com/index.php?page=rankings&section=teams
(given that they are hashing at a speed greater than 603.81 GH/s)
Bitcycle
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September 19, 2013, 10:07:47 AM
 #11859

BTC Guild 391T

25 * 2 / 391 = 0.127 BTC

0.7BTC could be the income of 2 blocks. So the hashing speed is 391 * 0.7 / 25 = 11 Th/s.

Great number. Smiley But we'd better to check more paying before we can know their actual hashing rate.

All depends how many blocks are in the payout.  I'm sure that info is somewhere...
demzie
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September 19, 2013, 10:08:09 AM
 #11860

BTC Guild 391T

25 * 2 / 391 = 0.127 BTC

0.7BTC could be the income of 2 blocks. So the hashing speed is 391 * 0.7 / 25 = 11 Th/s.

Great number. Smiley But we'd better to check more paying before we can know their actual hashing rate.

Great!
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