Topic: [ANN] CoinLab Protected Pool - page 4. (Read 97856 times)
How are payments being made now?
It has been a while since i mined here (2.5 months) so I dunno if they still have my proper btc address or what.?
I just noticed this in the first post:
After logging in to the redeem pool, looks like my loyalty points are still there. Have any points been expired due to the above rule?
Quote
Loyalty Points expire after 90 days of account inactivity. Account inactivity is defined as not submitting any shares and not communicating with us.
After logging in to the redeem pool, looks like my loyalty points are still there. Have any points been expired due to the above rule?
I seem to have missed that too, however I also still have my points.
I also am about to use my loyalty points, they are still there....
I just noticed this in the first post:
After logging in to the redeem pool, looks like my loyalty points are still there. Have any points been expired due to the above rule?
Quote
Loyalty Points expire after 90 days of account inactivity. Account inactivity is defined as not submitting any shares and not communicating with us.
After logging in to the redeem pool, looks like my loyalty points are still there. Have any points been expired due to the above rule?
I seem to have missed that too, however I also still have my points.
I just noticed this in the first post:
After logging in to the redeem pool, looks like my loyalty points are still there. Have any points been expired due to the above rule?
Quote
Loyalty Points expire after 90 days of account inactivity. Account inactivity is defined as not submitting any shares and not communicating with us.
After logging in to the redeem pool, looks like my loyalty points are still there. Have any points been expired due to the above rule?
Today's VWAP is $91.42 for redeem pool payouts
Hi Chris. I still haven't received my payout from my last activity on protected. Any update on when I'll receive it? 
Today's VWAP is $91.42 for redeem pool payouts
I understand that. I have done my own calculations and with my cheap electricity Im still profitable at this point, but not for much longer Im sure.
Just trying to plan ahead as best I can in the bitcoin world.
Just trying to plan ahead as best I can in the bitcoin world.
I'm pretty sure CoinLab's baseline for $2.50 per GH/s per day assumes no electricity costs. With current BTC price of ~$103, it's almost there, ~$2.7. After the next difficulty change it might make sense to mine at CoinLab again.
Looks like the mining factor has hit $2.50 based on this site: http://www.bitcoinx.com/profit/
I would hope CoinLab is still willing to honor their loyalty points as I will probably be cashing them in soon.
Can we get any confirmation about this? I know CoinLab has had its ups and downs recently but I feel confident that they are honest and will hold true to their word.
I would hope CoinLab is still willing to honor their loyalty points as I will probably be cashing them in soon.
Can we get any confirmation about this? I know CoinLab has had its ups and downs recently but I feel confident that they are honest and will hold true to their word.
Chris, I requested a payout on May 28th but still haven't received it. My protected pool username is miresu.
good to see they are still paying out, I have shares saved up still, that I havent used...looks like the time to have to use them is fast approaching given the rate of diff increase =(
Today's VWAP for redeem pool payments is $118.49
Thanks for dropping by, Chris.
My protected pool username is pii79.Edit: got the payment, cheers!
Today's VWAP for redeem pool payments is $118.49
I'm not saying what CoinLab offered is advantageous - but it certainly seemed to be a good offer at the time it was introduced. The bitcoin price was low and difficulty kept rising so it looked like a decent insurance. Of course the reality is now different.
Anyway, I'm not quite sure why are you complaining and using words like "scammy". Nobody forced you to mine on CoinLab protected pool. You were free to mine wherever you wanted!
Anyway, I'm not quite sure why are you complaining and using words like "scammy". Nobody forced you to mine on CoinLab protected pool. You were free to mine wherever you wanted!
Things didn't go as planned, right. I am more sad that the HPC thing went belly up though.
And the loyalty points might still be useful...IDK.
But in the end we mined at a 5% PPS stable pool like many others, and with very low rejects I might add.
having a hard time understanding why anyone would mine for a 80% loss or so at coinlab.
-coinlab promised this crazy "hey mine for less now, get rewarded later" business model.
-coinlab then added this ridiculously scammy clause where they decided to pay those rewards in fiat
-the USD denominated redeem payments were never discussed with miners from day one. just sort of a final FU.
-way to steal a bunch of money coinlab! profit! are you getting good prices on our 5$ coins you mined?
-coinlab is taking on clients again as a money transmitter this week (unsubstantiated rumor)
-coinlab promised this crazy "hey mine for less now, get rewarded later" business model.
-coinlab then added this ridiculously scammy clause where they decided to pay those rewards in fiat
-the USD denominated redeem payments were never discussed with miners from day one. just sort of a final FU.
-way to steal a bunch of money coinlab! profit! are you getting good prices on our 5$ coins you mined?
-coinlab is taking on clients again as a money transmitter this week (unsubstantiated rumor)
I'm not saying what CoinLab offered is advantageous - but it certainly seemed to be a good offer at the time it was introduced. The bitcoin price was low and difficulty kept rising so it looked like a decent insurance. Of course the reality is now different.
Anyway, I'm not quite sure why are you complaining and using words like "scammy". Nobody forced you to mine on CoinLab protected pool. You were free to mine wherever you wanted!
having a hard time understanding why anyone would mine for a 80% loss or so at coinlab.
-coinlab promised this crazy "hey mine for less now, get rewarded later" business model.
-coinlab then added this ridiculously scammy clause where they decided to pay those rewards in fiat
-the USD denominated redeem payments were never discussed with miners from day one. just sort of a final FU.
-way to steal a bunch of money coinlab! profit! are you getting good prices on our 5$ coins you mined?
-coinlab is taking on clients again as a money transmitter this week (unsubstantiated rumor)
-coinlab promised this crazy "hey mine for less now, get rewarded later" business model.
-coinlab then added this ridiculously scammy clause where they decided to pay those rewards in fiat
-the USD denominated redeem payments were never discussed with miners from day one. just sort of a final FU.
-way to steal a bunch of money coinlab! profit! are you getting good prices on our 5$ coins you mined?
-coinlab is taking on clients again as a money transmitter this week (unsubstantiated rumor)
Today's new week didn't start up, bug?
Seconded, just noticed this. My stats are flatlined for the past two days.Today's new week didn't start up, bug?
Seconded, just noticed this. My stats are flatlined for the past two days. 
Today's new week didn't start up, bug?
Can we have a statement from Coinlab on how the lawsuit with Mt. Gox will affect Coinlab's operations and the continuation of the protected and redeem pools?
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