Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 149. (Read 452235 times)
December 28, 2013, 05:52:51 PM
4 days for last block.. i guess we need something more .. lucky?
December 28, 2013, 05:43:14 PM
Why can't someone just make a perfect pool already, sheesh.... 
Check out HHTT: http://hhtt.1209k.com/When James' pool shutdown, he recommended HHTT. I looked into it, and I must say I am impressed with how the pool is designed. Don't need to register, and fees are very low (even lower if you use a higher difficulty), and I never had issues with anything going offline. Sucks that they don't do merged mining, but they are up 24/7. Oh, and it's a small pool, so no need to worry about %51'ing anything with all of that hardware.
December 28, 2013, 04:29:16 PM
Thank you LabRat 
Well i'm mining at NL1 server without problem...
Any news about Asic ? Exchange ?
Well i'm mining at NL1 server without problem...
Any news about Asic ? Exchange ?
Nl1 its been down for me almost all day, and still down =/ us1 and uk1 show alive, and using us1 right now.
December 28, 2013, 04:21:09 PM
Thank you LabRat
Well i'm mining at NL1 server without problem...
Any news about Asic ? Exchange ?
Well i'm mining at NL1 server without problem...
Any news about Asic ? Exchange ?
December 28, 2013, 04:18:45 PM
Sorry I haven't been too vocal today. I threw my back out 2 days ago and it's gotten worse over the last 48 hours. Got the divs paid out, and was planning on moving the hardware over to ghash.io, but the pool seems to be down... again... which I do not like.
Why can't someone just make a perfect pool already, sheesh....
I have an alternative to ghash.io if they keep acting up.
Dividends info:
Mined: BTC65.17322820
Payout: BTC48.87992115
Per Bond: BTC0.00083914
All-Time Payout: BTC1011.78810445
We've now cracked 1000 BTC paid out!!!
Why can't someone just make a perfect pool already, sheesh....
I have an alternative to ghash.io if they keep acting up.
Dividends info:
Mined: BTC65.17322820
Payout: BTC48.87992115
Per Bond: BTC0.00083914
All-Time Payout: BTC1011.78810445
We've now cracked 1000 BTC paid out!!!
Its not actually down, they changed servers, im using us1.ghash.io:3333 without problems and uk1.ghash.io:3333 works fine too. It looks like they removed or changed the name of nl1 server.
December 28, 2013, 04:05:55 PM
Hey LR - thanks for the update. Hope your back gets better soon -- I'm in the same boat.
At what point would it make sense for you to start your own private pool? Maybe we could make a % from others joining the pool as well? (but only accept miners > 10TH)
At what point would it make sense for you to start your own private pool? Maybe we could make a % from others joining the pool as well? (but only accept miners > 10TH)
December 28, 2013, 03:58:08 PM
Sorry I haven't been too vocal today. I threw my back out 2 days ago and it's gotten worse over the last 48 hours. Got the divs paid out, and was planning on moving the hardware over to ghash.io, but the pool seems to be down... again... which I do not like.
Why can't someone just make a perfect pool already, sheesh....
I have an alternative to ghash.io if they keep acting up.
Dividends info:
Mined: BTC65.17322820
Payout: BTC48.87992115
Per Bond: BTC0.00083914
All-Time Payout: BTC1011.78810445
We've now cracked 1000 BTC paid out!!!
Why can't someone just make a perfect pool already, sheesh....
I have an alternative to ghash.io if they keep acting up.
Dividends info:
Mined: BTC65.17322820
Payout: BTC48.87992115
Per Bond: BTC0.00083914
All-Time Payout: BTC1011.78810445
We've now cracked 1000 BTC paid out!!!
December 28, 2013, 03:32:35 PM
Same.
7 shares = 0.00587398 BTC this week.
That is 0.00083914 BTC per share.
I am not sure where I can see current bonds held but last weeks was 58,174 bonds so...
(58,174 X 0.00083914 BTC) X (4/3) = ~65.088173813 BTC for this week before LRMs cut.
At current difficulty, 23 TH/s for 7 days should have yielded ~68.5643 before pool fees on average.
Pretty damn close. Not a bad week I would say.
7 shares = 0.00587398 BTC this week.
That is 0.00083914 BTC per share.
I am not sure where I can see current bonds held but last weeks was 58,174 bonds so...
(58,174 X 0.00083914 BTC) X (4/3) = ~65.088173813 BTC for this week before LRMs cut.
At current difficulty, 23 TH/s for 7 days should have yielded ~68.5643 before pool fees on average.
Pretty damn close. Not a bad week I would say.
December 28, 2013, 03:25:51 PM
When are we getting divs? I need some new alpaca socks.
I just got mine. THX.
Edit: Divs not socks!
December 28, 2013, 02:57:05 PM
When are we getting divs? I need some new alpaca socks.
...are their little hooves getting cold?
? 
December 28, 2013, 02:24:56 PM
When are we getting divs? I need some new alpaca socks.
December 28, 2013, 02:09:04 PM
What does this Fincen ruling mean for LRM ?? http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/
Yes, this is a very interesting clarification from FINCEN. Apparently if we were shareholders we would be fine because we are collectively mining for ourselves. As bondholders we do not "own" anything other than the right to receive a dividend. In its current configuration it is possible LRM needs to restructure the bonds into shares or become a MSB.
I'm not a lawyer. With that disclaimer, my simple interpretation, so far, is that it is probably not a problem for LRM. I think this would be the key paragraph (my red emphasis):
Quote
FinCEN understands that Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another. Instead, the user is free to use the mined virtual currency or its equivalent for the user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use. To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations, because these activities involve neither “acceptance” nor “transmission” of the convertible virtual currency and are not the transmission of funds within the meaning of the Rule. This is the case whether the user mining and using the Bitcoin is an individual or a corporation, and whether the user is purchasing goods or services for the user’s own use, paying debts previously incurred in the ordinary course of business, or (in the case of a corporate user) making distributions to shareholders. Activities that, in and of themselves, do not constitute accepting and transmitting currency, funds or the value of funds, are activities that do not fit within the definition of “money transmission services” and therefore are not subject to FinCEN’s registration, reporting, and recordkeeping regulations for MSBs.8
December 28, 2013, 01:45:56 PM
Updated a week ago on the LRM website, I read that the cex.io disaply is for the LRM hashrate. But it still only shows 2.85GH. To state the obvious, it's should read at least 23TH. When will this actually reflect LRM's full hash rate?
I guess he didnt move the hardware yet...
December 28, 2013, 01:29:02 PM
What does this Fincen ruling mean for LRM ?? http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/
Yes, this is a very interesting clarification from FINCEN. Apparently if we were shareholders we would be fine because we are collectively mining for ourselves. As bondholders we do not "own" anything other than the right to receive a dividend. In its current configuration it is possible LRM needs to restructure the bonds into shares or become a MSB.
December 28, 2013, 01:19:08 PM
Updated a week ago on the LRM website, I read that the cex.io disaply is for the LRM hashrate. But it still only shows 2.85GH. To state the obvious, it's should read at least 23TH. When will this actually reflect LRM's full hash rate?
December 28, 2013, 05:59:32 AM
What does this Fincen ruling mean for LRM ?? http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/
December 26, 2013, 01:23:13 PM
For being such a large pool and a highly complicated situation the subject its pretty well ignored, 5 pages for the 25% of total hashrate controller "suppossed" **whateveryouwanttocallit**... we've 126 pages for an small mining project, who knows, im just thinking out loud.
December 26, 2013, 10:57:13 AM
I just happened to see this and wanted to know if LabRat is aware:
https://bitcointalksearch.org/topic/ghashio-and-double-spending-against-betcoin-dice-327767
In short it looks like cex/ghash was doing double spend attacks. On November 11 they said they would look into it, but they haven't said anything since then as far as I can tell.
To me, this would be enough to make me wary of trusting them...
https://bitcointalksearch.org/topic/ghashio-and-double-spending-against-betcoin-dice-327767
In short it looks like cex/ghash was doing double spend attacks. On November 11 they said they would look into it, but they haven't said anything since then as far as I can tell.
To me, this would be enough to make me wary of trusting them...
December 25, 2013, 11:25:08 PM
a little late, but merry christmas and happy holidays to everyone 
And to you as well. *Trying* not to work today haha
Ho Ho Ho...... a merry mining yuletide
December 25, 2013, 01:06:10 PM
a little late, but merry christmas and happy holidays to everyone
And to you as well. *Trying* not to work today haha
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