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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041730 times)
Ytterbium
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September 23, 2013, 07:05:39 PM
 #13921

I said that there is a particular amount of hashrate pointed at that address, on BTCguild.  Which is clearly the case.
No, this is wrong. You cannot compute hashrate from such pool payouts, as they are subject to the pool's variance in finding blocks, in such a short time.

That's why it's an estimate.  


BTCguild's PPLNs payouts are pretty stable, but they keep stats on all their shifts. If you want to go back and calculate the PPS rate for all of their recent payments go ahead.

On that account. Which we know can't possibly be more then 750Gh/s, or it would show up on the team page.

right, though you gave them an estimate of 1.3 TH/s previously, which is obviously not the case, or they would have had more payments by now.

So, here's the next line in your table:

UTC             Payment       Gh/s estimate
9/23/2013 18:07   0        < 830   



Except it's a four pay period window, remember? I'm pretty sure I made that clear.   If I actually include a 0 payout at 18:07 the four-period window estimate would be 1097.202923 Gh/s.

We'll see if they get another 0.15 payment in 2 minutes

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Zakryze
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September 23, 2013, 07:08:03 PM
 #13922

didnt they promise dividends for today?

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Squirrel Dearing
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September 23, 2013, 07:08:42 PM
 #13923

didnt they promise dividends for today?
Tomorrow...

KCBitcoin
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September 23, 2013, 07:09:04 PM
 #13924


We'll see if they get another 0.15 payment in 2 minutes
yes!another .15!
velacreations
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September 23, 2013, 07:10:09 PM
 #13925

Except it's a four pay period window, remember? I'm pretty sure I made that clear.   If I actually include a 0 payout at 18:07 the four-period window estimate would be 1097.202923 Gh/s.

We'll see if they get another 0.15 payment in 2 minutes
they just got .15 for 19:07

Ytterbium
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September 23, 2013, 07:12:10 PM
 #13926


We'll see if they get another 0.15 payment in 2 minutes
yes!another .15!

Ding. 

4-payment sliding window estimate at this point is 1030.403476 Gh/s, btw.  I'm quite sure the other 400(?) Gh/s is on another account.  (In fact, it has to be, or it would have shown up on the labcoin team's hashrate)

KCBitcoin
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September 23, 2013, 07:14:17 PM
 #13927


We'll see if they get another 0.15 payment in 2 minutes
yes!another .15!

Ding. 

4-payment sliding window estimate at this point is 1030.403476 Gh/s, btw.  I'm quite sure the other 400(?) Gh/s is on another account.  (In fact, it has to be, or it would have shown up on the labcoin team's hashrate)
also, since this is just a threshold number, 1-hour output could (must) be larger than 0.15
velacreations
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September 23, 2013, 07:20:42 PM
 #13928

4 payment window would be:

UTC             Payment       Gh/s estimate
9/23/2013 16:17   0.29072199  1214.078822
9/23/2013 17:07   0.15        1372.026411   
9/23/2013 18:07   0        1097.202923
9/23/2013 19:07   0.15        ~850      

VolanicEruptor
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September 23, 2013, 07:23:34 PM
 #13929

I tried estimating % rate of network for ASICMINER one day by adding up all blocks with less than 100 confirmations and calculating it as a percentage out of 100.
It was something like 25%, extremely high.. but then the next day I looked it was like 5%... finding blocks varies so much that its impossible
to calculate it with only a day of information.  
I don't see how some of you could possibly be calculating hash rate accurately based on payments over a few hours, is there something I'm missing?  If the pool is lucky, then the payments will come faster, right?  

GodfatherBond
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September 23, 2013, 07:26:21 PM
 #13930

So, how this move from btc-tc > bitfunder(?) will go actually? What shareholders needs to do? Any info available?
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September 23, 2013, 07:26:37 PM
 #13931

I tried estimating % rate of network for ASICMINER one day by adding up all blocks with less than 100 confirmations and multiplying by 10.
It was something like 25%, extremely high.. but then the next day I looked it was like 5%... finding blocks varies so much that its impossible
to calculate it with only a day of information.  
I don't see how some of you could possibly be calculating hash rate accurately based on payments over a few hours, is there something I'm missing?  If the pool is lucky, then the payments will come faster, right? 

^^ this

Know what's happening in cryptoworld: www.coinschedule.com
velacreations
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September 23, 2013, 07:27:49 PM
 #13932

I tried estimating % rate of network for ASICMINER one day by adding up all blocks with less than 100 confirmations and multiplying by 10.
It was something like 25%, extremely high.. but then the next day I looked it was like 5%... finding blocks varies so much that its impossible
to calculate it with only a day of information. 
I don't see how some of you could possibly be calculating hash rate accurately based on payments over a few hours, is there something I'm missing?  If the pool is lucky, then the payments will come faster, right? 

The most accurate way right now is this:

Ytterbium
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September 23, 2013, 07:29:05 PM
 #13933

4 payment window would be:

UTC             Payment       Gh/s estimate
9/23/2013 16:17   0.29072199  1214.078822
9/23/2013 17:07   0.15        1372.026411   
9/23/2013 18:07   0        1097.202923
9/23/2013 19:07   0.15        ~850      


Wow.  You really are bad at math.

There was no payment at 18:07.  The last four payments were 15:47, 16:17, 17:07, and 19:07

If there had been a 0 payment at 18:07, the four-payment sliding window would be 981.6594931
Gh/s
Not "~850"

VolanicEruptor
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September 23, 2013, 07:29:19 PM
 #13934

Sorry, I made a mistake with my post.. you don't need to multiply by 10.  The # of blocks with less than 100 confirmations would be your percent..

velacreations
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September 23, 2013, 07:35:46 PM
 #13935

There was no payment at 18:07
wait, so you ignore when they don't get a payment, but include obvious manual ones?  
Isn't that selectively including data when it fits your argument?

regardless, it's obvious their hash rate is trending towards what BTCGuild says it is.

tucenaber
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September 23, 2013, 07:41:08 PM
 #13936

@Ytterbium
Unless Labcoin are morons they use PPLNS wich means the payout varies with the number of found blocks. Do you understand that?
Ytterbium
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September 23, 2013, 07:41:31 PM
 #13937

I tried estimating % rate of network for ASICMINER one day by adding up all blocks with less than 100 confirmations and multiplying by 10.
It was something like 25%, extremely high.. but then the next day I looked it was like 5%... finding blocks varies so much that its impossible
to calculate it with only a day of information.  
I don't see how some of you could possibly be calculating hash rate accurately based on payments over a few hours, is there something I'm missing?  If the pool is lucky, then the payments will come faster, right?  

The most accurate way right now is this:


ASICMiner found 8 blocks in the past 24 hours.

BTCGuild found 68.  

The variance is far lower, and you get paid over a sliding window of the last 10 'shifts', which reduces the variance even more.  They don't get paid based on how many blocks BTCGuild found in the past hour.

Except for the very first set of shifts this difficulty period (Where they had 188% luck), all of their 10-shift periods have had luck of about +/- 20%.  The variance on BTCGuild is not very high at all. It's not like ASICMiner or slush, that's why people use it. and why it's always close to 51%.

I made it clear the payments could have come from someone other then labcoin pointing to their payout address. That just seems unlikely to me. We haven't seen any more inexplicable payments since 16:17 UTC, though.

But they did say they would "merge" the other hashers when they were "stable", whatever that means.

Ytterbium
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September 23, 2013, 07:44:50 PM
 #13938

@Ytterbium
Unless Labcoin are morons they use PPLNS wich means the payout varies with the number of found blocks. Do you understand that?

Which recent BTCGuild shifts do you think would have let them make 0.2907BTC in 30 minutes with one acccount at 750Gh/s

Pompobit
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September 23, 2013, 07:47:49 PM
 #13939

I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?
velacreations
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September 23, 2013, 07:49:59 PM
 #13940

I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?
cause he's trying to sell shares

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