[ANN] CoinLab Protected Pool

[Chaplin]

I got my full payout for the past week, but I think I'm still out about 2.5BTC. Anyone else?

[Chaplin]

I've got some good news! At least for my particular payment situation.

Peter Vessenes got in touch with me yesterday after I contacted Joel Yarmon. While drafting up a reply to him, I went to my wallet and blockchain.info to calculate how much money I was missing. I realized I was double-paid on January 7th. (How did I not realize I had twice as much money as expected? You've got me; sometimes I don't remember what I had for breakfast by the time I sit down to lunch. )

The amount I was overpaid was deducted from my subsequent payments, until it equaled the extra amount I received. I.e., I entirely "missed" one payment that was less than the overpayment amount; and then part of my next payment was deducted as well. I didn't receive any notification that that was what had happened, so you can probably understand my confusion.

Was that basically what happened to the rest of you with missing/incomplete payments?

Also, Peter says that he plans to post soon, after bookkeeping and "a communication breakdown" are sorted out.

[philips]

Thanks for the info Chaplin.

[AmDD]

I've got some good news! At least for my particular payment situation.

Peter Vessenes got in touch with me yesterday after I contacted Joel Yarmon. While drafting up a reply to him, I went to my wallet and blockchain.info to calculate how much money I was missing. I realized I was double-paid on January 7th. (How did I not realize I had twice as much money as expected? You've got me; sometimes I don't remember what I had for breakfast by the time I sit down to lunch. )

The amount I was overpaid was deducted from my subsequent payments, until it equaled the extra amount I received. I.e., I entirely "missed" one payment that was less than the overpayment amount; and then part of my next payment was deducted as well. I didn't receive any notification that that was what had happened, so you can probably understand my confusion.

Was that basically what happened to the rest of you with missing/incomplete payments?

Also, Peter says that he plans to post soon, after bookkeeping and "a communication breakdown" are sorted out.

Good news! Thanks for letting us know!

[mb300sd]

Have there been any updates on the custom hpc client?

[area]

Given that ASICs are beginning to appear in the wild, I suspect that there's going to be an influx on the 'redeem' pool once their influence is felt on the network. It'd be nice to have the lines of communication back up before then...

[mendoza]

Still nothing here (two little BTC) 

[philips]

Given that ASICs are beginning to appear in the wild, I suspect that there's going to be an influx on the 'redeem' pool once their influence is felt on the network. It'd be nice to have the lines of communication back up before then...

Yep, I also postponed the redeeming of my loyalty points. It seems that after the next difficulty change we will have no option but to start redeem them.

BUT, I am still very much interested in HPC work (I am ready to switch to Nvidia cards if needed), and I would appreciate ANY kind of update about that, good or bad.
I do not know what was the main reason for people to join Coinlab, but mine was HPC work, and if it fails that would be the biggest of all disappointments.

[jjiimm_64]

THIS!

BUT, I am still very much interested in HPC work (I am ready to switch to Nvidia cards if needed), and I would appreciate ANY kind of update about that, good or bad.
I do not know what was the main reason for people to join Coinlab, but mine was HPC work, and if it fails that would be the biggest of all disappointments.

[GenTarkin]

Given that ASICs are beginning to appear in the wild, I suspect that there's going to be an influx on the 'redeem' pool once their influence is felt on the network. It'd be nice to have the lines of communication back up before then...

Yep, I also postponed the redeeming of my loyalty points. It seems that after the next difficulty change we will have no option but to start redeem them.

BUT, I am still very much interested in HPC work (I am ready to switch to Nvidia cards if needed), and I would appreciate ANY kind of update about that, good or bad.
I do not know what was the main reason for people to join Coinlab, but mine was HPC work, and if it fails that would be the biggest of all disappointments.

Hear ya there, although I mainly joined for 'diff insurance' .. HPC work, bleh couldnt care either way, would be nice to get more out of GPU's in that way but meh...
As for redemption, I sure hope we can still trust them going forward...to pay
Any other updates for payouts recently?

[AmDD]

THIS!

BUT, I am still very much interested in HPC work (I am ready to switch to Nvidia cards if needed), and I would appreciate ANY kind of update about that, good or bad.
I do not know what was the main reason for people to join Coinlab, but mine was HPC work, and if it fails that would be the biggest of all disappointments.

Agreed!

[CoinLab]

Pardon the delay in this response, we tried transitioning payouts and forum communication to a different member of the team and we've now decided that it's best if I continue them.

I've processed all back payout requests, and automatic threshold payouts went out properly on Monday.  Thank you for your patience. If you need a payout (or think we missed yours), please PM me and I'll sort it out.

Today's VWAP used was $20.58.  Users who requested a payout were given the exchange rate on the date of their request.

A lot is happening at CoinLab.  Can't say more than just, "News is coming soon"

Sorry for any elevated blood pressure our lack of communication may have caused, we'll be much more responsive in the future.

Chris

[philips]

Phew!

[Chaplin]

A lot is happening at CoinLab.  Can't say more than just, "News is coming soon"

I knew it. CoinLab is getting into the ASIC market.

Good to hear from you again, Chris!

[GenTarkin]

A lot is happening at CoinLab.  Can't say more than just, "News is coming soon"

I knew it. CoinLab is getting into the ASIC market.

Good to hear from you again, Chris!

Or this could be the same type of awesome news Tom from bASIC lead us on w/ since november.... we shall see....

[philips]

A lot is happening at CoinLab.  Can't say more than just, "News is coming soon"

I knew it. CoinLab is getting into the ASIC market.

Good to hear from you again, Chris!

Got another one: They will go Stratum 

[jjiimm_64]

Never doubted for a second!

[siggy]

A lot is happening at CoinLab.  Can't say more than just, "News is coming soon"

For the love of Satoshi, PLEASE let this be the HPC client...

Sigg

[mendoza]

Perfect. I received everything I expected.
Thanks Coinlab. 

[shmadz]

Just as a point of reference for those who have encountered payment 'anomalies' I too have been overpaid, and then consequently underpaid the following week to match up with the expected total.

This happened for about 4 consecutive weeks, up, down, up, down, but now seems to be fixed (for me at least)

(*note, I do have a .01 btc discrepancy for the week 13-01-20, it remains to be seen if this is a rounding "error" or if I will receive an extra "bitpenny" on the coming payment monday*)


all in all, compared with the behavior of *some* other companies in this new bitcoin arena, CoinLab has been responsive and helpful to all my requests and has won my fleeting trust - and with the extremely low rejects, impeccable uptime, and reasonable rates, I choose to stay with coinlab... for now...


(* I also fully expect coinlab to honour their commitment to pay me at least $2.5 per GH/s per day once I decide to redeem my loyalty points. They have been totally professional in past dealings with me, and have given me no reason to doubt, yet *)