Bitcycle
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September 19, 2013, 12:06:01 AM |
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The theory that someone else is pointing to their address seems to me to be very unlikely.
Many things are possible, but at some point the suspicion gets a bit too much.
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matt4054
Legendary
Offline
Activity: 1946
Merit: 1035
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September 19, 2013, 12:06:14 AM |
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I mined on Slush for a while. They pay at every threshold last I know and typically once per block. Either: a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there b. LC is getting about 3.x btc per block on slush C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.
While I would not rule out a, b and c are both promising.
-Ukyo
Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin. Now a) and c) stay open.
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Pompobit
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September 19, 2013, 12:07:22 AM |
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I find very strange they said that on irc before on this thread, to recover credibility.
They didn't, none of them are in #labcoin. They haven't stated which pool they are using. then, if somebody said that before the transaction, this is pretty sure a manipulation attempt... Has anybody a screenshot of the statement on Irc to see the timestamp?
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Anotheranonlol
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September 19, 2013, 12:08:07 AM |
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I mined on Slush for a while. They pay at every threshold last I know and typically once per block. Either: a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there b. LC is getting about 3.x btc per block on slush C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.
While I would not rule out a, b and c are both promising.
-Ukyo
Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin. Now a) and c) stay open. don't know how you worked that out..
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dexX7
Legendary
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Activity: 1106
Merit: 1026
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September 19, 2013, 12:08:15 AM |
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Thanks, I missed that post. You're right. It's possible and would look like this: https://mining.bitcoin.cz/accounts/profile/json/381968-c12bbfd7cb0a558ae9314aaefdf4d2ed{ "username": "dexXDemonstration", "rating": "none", "confirmed_nmc_reward": "0.00000000", "send_threshold": "1.00000000", "nmc_send_threshold": "10.00000000", "confirmed_reward": "0.00000000", "workers": { "dexXDemonstration.worker1": { "last_share": 0, "score": "0", "alive": false, "shares": 0, "hashrate": 0 } }, "wallet": "", "unconfirmed_nmc_reward": "0.00000000", "unconfirmed_reward": "0.00000000", "estimated_reward": "0.00000000", "hashrate": "0.0" }
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Pompobit
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September 19, 2013, 12:08:23 AM |
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They didn't say it on IRC. They got a tx from slush's pool, so it implies they're mining on slush's pool, or else someone is mining there and pointed their miners at their address.
On IRC they say that it is Slush's pool
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Duffer1
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September 19, 2013, 12:09:40 AM |
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I mined on Slush for a while. They pay at every threshold last I know and typically once per block. Either: a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there b. LC is getting about 3.x btc per block on slush C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.
While I would not rule out a, b and c are both promising.
-Ukyo
Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin. Now a) and c) stay open. We'll have to wait and see if they payout to the Labcoin address.
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cix888
Newbie
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Activity: 54
Merit: 0
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September 19, 2013, 12:09:57 AM |
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what is the div per share if by Dec they hash with 500th?
whats the risk and whats the reward?
risk 100%
reward ?%
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pedrog
Legendary
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Activity: 2786
Merit: 1031
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September 19, 2013, 12:10:19 AM |
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So, are we rich?
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matt4054
Legendary
Offline
Activity: 1946
Merit: 1035
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September 19, 2013, 12:10:23 AM |
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I mined on Slush for a while. They pay at every threshold last I know and typically once per block. Either: a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there b. LC is getting about 3.x btc per block on slush C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.
While I would not rule out a, b and c are both promising.
-Ukyo
Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin. Now a) and c) stay open. don't know how you worked that out.. If they were to be rewarded 3.x BTC per block, they would have already been paid a second time. They haven't. Option b) ruled out.
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Ytterbium
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September 19, 2013, 12:11:00 AM |
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They didn't say it on IRC. They got a tx from slush's pool, so it implies they're mining on slush's pool, or else someone is mining there and pointed their miners at their address.
On IRC they say that it is Slush's pool
"They" meaning "people on IRC".
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Ukyo
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September 19, 2013, 12:12:08 AM |
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I mined on Slush for a while. They pay at every threshold last I know and typically once per block. Either: a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there b. LC is getting about 3.x btc per block on slush C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.
While I would not rule out a, b and c are both promising.
-Ukyo
Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin. Now a) and c) stay open. Actually, it's not slush finding a block, it's when the next block slush has found hits 100 confirms and can payout.
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Duffer1
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September 19, 2013, 12:13:33 AM |
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I mined on Slush for a while. They pay at every threshold last I know and typically once per block. Either: a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there b. LC is getting about 3.x btc per block on slush C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.
While I would not rule out a, b and c are both promising.
-Ukyo
Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin. Now a) and c) stay open. don't know how you worked that out.. If they were to be rewarded 3.x BTC per block, they would have already been paid a second time. They haven't. Option b) ruled out. Nobody has been payed out yet from that block. https://blockchain.info/address/1AqTMY7kmHZxBuLUR5wJjPFUvqGs23sesr
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Pompobit
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September 19, 2013, 12:15:58 AM |
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"They" meaning "people on IRC". Oh, ok got it
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Bitcycle
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September 19, 2013, 12:16:43 AM |
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Would 3.x per block mean they represented ( 3.x / 25 ) of slush's entire rate? That seems unlikely...
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matt4054
Legendary
Offline
Activity: 1946
Merit: 1035
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September 19, 2013, 12:16:45 AM |
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Actually, it's not slush finding a block, it's when the next block slush has found hits 100 confirms and can payout.
True, I stand corrected. It also means they had to fill the "buffer" if that payout is really from them, and we should see coins flowing in rapidly, unless they just lowered the threshold on purpose to trigger the payout (no implying anything here, it may very well be to prove they're hashing). But the fact stays, we just can't evaluate their hashrate at the moment. Personally, I'm still waiting before buying back in, I find the current price still rather 'optimistic' to say the least. But it's just personal opinion, and the trolls will take relay on that
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tucenaber
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September 19, 2013, 12:17:13 AM |
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I'm skeptical. First, it was a bit too quick and second why would they not announce it?
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Ukyo
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September 19, 2013, 12:22:17 AM |
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Would 3.x per block mean they represented ( 3.x / 25 ) of slush's entire rate? That seems unlikely...
By 3.x btc I was reference the amount that was paid out last. 3. btc. We would want to hope that they would be getting about that per block if it was representing 1~2 TH of mining power. If several more slush blocks hit payout and they receive nothing, that will tell us quite a bit. As it stands by slush's site there are "32 confirmations left" until next block payout on their site. Block, total block amount, remaining confirmations 258662 27.53925472 32 confirmations left 258663 26.63200108 33 confirmations left 258667 25.06536657 37 confirmations left 258672 26.11757425 42 confirmations left 258675 25.64535284 45 confirmations left These will give valuable insight. -Ukyo
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JWU90
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September 19, 2013, 12:22:56 AM |
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I'm skeptical. First, it was a bit too quick and second why would they not announce it?
well we should get some info soon theswede did say pool mining will be integrated in the next few hours during the last update.
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Duffer1
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September 19, 2013, 12:24:22 AM |
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Would 3.x per block mean they represented ( 3.x / 25 ) of slush's entire rate? That seems unlikely...
There's an option to not generate a payout to an external wallet until you reach x amount of mining revenue. You're correct that 1/8th of Slush's total hashrate is extremely unlikely.
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