Unless they are stupid I really wonder why they decided to solo mine, they could have been collecting revenue from the get go and the first dividend would be very nice. (Might not be a lot but its something)
With the hash rate increase solomining with 0.002% of network power seems like a bad idea.
There must be a reason.
pooled mining is easier to verify – everyone will be able to see the hashrate
Oh there it is.
Well, they may be worried about things like, they might have to shut down and restart their systems, they might have small amounts of downtime, etc and they don't want people to flip out. It's understandable they might not want to share everything in real time at first. But still, I'm hoping they come to their senses.
And, until they start marking blocks, they need to give us the TXIds of blocks they find. Some of them have huge TX fees,
like this one from that address someone mentioned, with a 12btc tx fee. That's a $1,400 fee
However it is just as likely the solo miner will be lucky as unlucky and therefore just as likely he will make more money early than the pooled miner. The risk is greater, but the potential gain is equal to the risk. Another way to look at it is that the pooled miner risks not having a chance of making a big early score before difficulty increases.
The risk and reward are balanced but the variance is far higher. it's not
at all the same.
Think about it this way. You put your money in a bank with zero interest. The risk is zero and the reward is zero.
Now suppose you put your money in a bank, and that bank took that money to Vegas and bet it all on black (for now ignore the 00 and assume a 50% red/black wheel)
In this case, your risk of losing all your money would be 50%, and your potential reward is 200%. They balance out! So it's
totally the same as putting your money in the bank and having it sit there, right? Since the expected outcome is the same!
obviously people would be incredibly pissed if they found out about it. A lot of people would probably even be pissed if the bank won and their accounts doubled.
Because the entire point of investing is to
increase your reward at the same risk. not take on
extra risk for
no extra reward.
Pool on BTCGuild PPLNS are around 3%. So for labcoin to do solo mining, they are essentially putting investor money at risk in exchange for a
3% increase in potential profit. And at the same time, because of the difficulty increases runs of bad luck are not going to be recovered by runs of good luck in the future.
Any money lost at high difficulty is lost forever. Massively increasing variance in order to capture a 3% increase in expected value is ridiculous.
Plus, they don't even have their block marking code ready yet. So people are going to be suspicious about it being a total scam, or that they might not actually be hashing yet.
If Labcoin wants to do solo mining when they hit 50% Th/s, that's fine I suppose. But not even ASICMiner did solo mining when they started. They mined on a pool (On BTCGuild, as well as ozcoin, I think)
Hopefully they come to their senses.
And probably they will. If they're solo mining and marking their blocks publicly, how's it going to look when they go days without finding a block. Investors are going to be flipping out. If you think this thread is bad, just wait. It will happen. And hopefully it changes their minds. 
