Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 30. (Read 452170 times)
June 09, 2014, 04:08:49 PM
Last time this happened people reacted pretty quickly and they dropped below 30% fast. I'm not going to worry unless 40% plus lasts a few days.
June 09, 2014, 11:05:38 AM
“GHash.IO does not have any intentions to execute a 51% attack… it could risk our investments in physical hardware and we see no benefit from having 51% stake in mining”.
Concerns however have been raised in response to suggestions that Ghash can be trusted even in the theoretical scenario that it gains 51% hashrate of the entire network. It is argued that although Ghash itself might not profit from such an attack, they might be coerced or bribed by government entities or entities which may see bitcoins as a competitor. The currently increasing hashrate share of Ghash therefore is seen as alarming by some, while others consider it to be a temporary blip due to numerous unpredictable factors.
Concerns however have been raised in response to suggestions that Ghash can be trusted even in the theoretical scenario that it gains 51% hashrate of the entire network. It is argued that although Ghash itself might not profit from such an attack, they might be coerced or bribed by government entities or entities which may see bitcoins as a competitor. The currently increasing hashrate share of Ghash therefore is seen as alarming by some, while others consider it to be a temporary blip due to numerous unpredictable factors.
June 09, 2014, 10:50:08 AM
Danger! GHash.io controls 40% of the hashrate!
June 09, 2014, 03:49:38 AM
) 
June 08, 2014, 07:01:56 AM
Divs did jump up a fair bit this time , has new hardware finally arrived and whats happening with the coinseed thing?
Down on what we got on 17 May (ie the second week with a "bonus"). Last week doesn't count, obviously. June 08, 2014, 04:45:46 AM
Divs did jump up a fair bit this time , has new hardware finally arrived and whats happening with the coinseed thing?
June 08, 2014, 02:58:13 AM
Dividends have been sent out.
grnbrg.
Edit: Contracts, not bonds.
| Mined | Per Contract |
| 5.79241206 | 0.00003284 |
| Bonus | Bonus Per Contract |
| 18.5 | 0.00016513 |
grnbrg.
Edit: Contracts, not bonds.
As BFL monarchs are due to be shipped soon(ish!) - relatively speaking and judging by the 'snippet' videos of BFL Monarchs running at box standard 600GH/s (0.002BTC per hour) these should produce 0.000006BTC per contract at current difficulty (someone check my math)?
Do we know how many Monarchs were ordered and plans to run either at 600GH/s or faster given the current problems with current draw and associated heat - warranty allegedly allows up to 1.2/1.4TH/s? - (Cue usual discussion BFL, delivery, promises, .....)
GoddardNet
June 07, 2014, 09:58:26 PM
Looks like the approximate hash rate has spiked significantly.
Actually the math says its still only representing ~100TH/s.
Nice thing about the bonus: gives a way to compare our 17.7 TH/s to the bonus amount to estimate overall mine hash.
Sad thing about the bonus: it is completely up to Lab_Rat to pay it and at what amount so it could be LESS than 75% of what is mined on top of our 17.7 TH/s or mathematically figured to make it look like w/e TH/s he feels we should see.
i.e. Bonus coins mined divided by Contractual coins mined = Ratio : (Ratio * 17.7 TH/s) + 17.7 TH/s = Net Hashrate : Net Hashrate divided by .75 = Approximate mine hashrate.
18.5 BTC/5.79241206 BTC = 3.194
(3.194 X 17.7 TH/s) + 17.7 TH/s = 74.2338 TH/s Net Hashrate
74.2338 TH/s / .75 = 98.9784 TH/s Approximate mine TH/s
See where I am going with this? Numbers do not lie... they are just wrong if all the variables aren't entered. Hashrate is missing or all the coins mined on top of our contractual hash is being paid at far less than 75% since Lab_Rat said we were "North of 100 TH/s" when he responded to that question.
Of course that is all speculation due to lack of info... except I do know CEX had pool issues this week so... that may be a part of it... except that would be reflected in the numbers for contractual as well as bonus so... no telling what is real at this point.
June 07, 2014, 07:55:10 PM
Looks like the approximate hash rate has spiked significantly.
June 07, 2014, 04:11:02 PM
June 07, 2014, 04:06:14 PM
Dividends have been sent out.
grnbrg.
| Mined | Per Contract |
| 5.79241206 | 0.00003284 |
| Bonus | Bonus Per Contract |
| 18.5 | 0.00016513 |
grnbrg.
Contract*
June 07, 2014, 03:59:39 PM
Dividends have been sent out.
grnbrg.
Edit: Contracts, not bonds.
| Mined | Per Contract |
| 5.79241206 | 0.00003284 |
| Bonus | Bonus Per Contract |
| 18.5 | 0.00016513 |
grnbrg.
Edit: Contracts, not bonds.
June 07, 2014, 02:28:51 PM
Were dividends coming today with a big bonus promise?
June 07, 2014, 07:45:28 AM
I see a lot of user names asking about an exchange but not posting any asks or bids in the forum trading post. Why is that? The more bid/asks in the post the better the liquidity of LRM. Maybe part of the reason LR doesn't think an exchange is a priority is the lack of bids/asks/price movement? If you're going to complain about no exchange but have no skin in the game right now, it seems a bit hypocritical. Put your contracts/BTC where your mouth is and post some bids/asks.
The exchange thread is nice and all, but the audience is limited and buying and selling is (comparatively) a very slow process (not saying it's possible to do it any quicker, grnbrg). Even before LR destroyed the value of the shares and invented the BS bonus concept, trading was slow. A bona fide exchange, or means of exchange such as mastercoin/counterparty/NXT/whatever, would surely bring more liquidity. I literally can't be bothered to trade using the thread (I have done once), whereas I'd be far more likely to push a button on Havelock. Not to mention many believe these contracts are worth way more than what is listed in the thread... so why bother posting at the back of the list?
Well if that's the case, you should be buying more, right?
Nope.
June 07, 2014, 07:36:32 AM
I see a lot of user names asking about an exchange but not posting any asks or bids in the forum trading post. Why is that? The more bid/asks in the post the better the liquidity of LRM. Maybe part of the reason LR doesn't think an exchange is a priority is the lack of bids/asks/price movement? If you're going to complain about no exchange but have no skin in the game right now, it seems a bit hypocritical. Put your contracts/BTC where your mouth is and post some bids/asks.
The exchange thread is nice and all, but the audience is limited and buying and selling is (comparatively) a very slow process (not saying it's possible to do it any quicker, grnbrg). Even before LR destroyed the value of the shares and invented the BS bonus concept, trading was slow. A bona fide exchange, or means of exchange such as mastercoin/counterparty/NXT/whatever, would surely bring more liquidity. I literally can't be bothered to trade using the thread (I have done once), whereas I'd be far more likely to push a button on Havelock. Not to mention many believe these contracts are worth way more than what is listed in the thread... so why bother posting at the back of the list?
Well if that's the case, you should be buying more, right?
June 06, 2014, 04:11:35 PM
I see a lot of user names asking about an exchange but not posting any asks or bids in the forum trading post. Why is that? The more bid/asks in the post the better the liquidity of LRM. Maybe part of the reason LR doesn't think an exchange is a priority is the lack of bids/asks/price movement? If you're going to complain about no exchange but have no skin in the game right now, it seems a bit hypocritical. Put your contracts/BTC where your mouth is and post some bids/asks.
The exchange thread is nice and all, but the audience is limited and buying and selling is (comparatively) a very slow process (not saying it's possible to do it any quicker, grnbrg). Even before LR destroyed the value of the shares and invented the BS bonus concept, trading was slow. A bona fide exchange, or means of exchange such as mastercoin/counterparty/NXT/whatever, would surely bring more liquidity. I literally can't be bothered to trade using the thread (I have done once), whereas I'd be far more likely to push a button on Havelock. Not to mention many believe these contracts are worth way more than what is listed in the thread... so why bother posting at the back of the list?
June 06, 2014, 08:57:49 AM
I see a lot of user names asking about an exchange but not posting any asks or bids in the forum trading post. Why is that? The more bid/asks in the post the better the liquidity of LRM. Maybe part of the reason LR doesn't think an exchange is a priority is the lack of bids/asks/price movement? If you're going to complain about no exchange but have no skin in the game right now, it seems a bit hypocritical. Put your contracts/BTC where your mouth is and post some bids/asks.
The exchange thread is nice and all, but the audience is limited and buying and selling is (comparatively) a very slow process (not saying it's possible to do it any quicker, grnbrg). Even before LR destroyed the value of the shares and invented the BS bonus concept, trading was slow. A bona fide exchange, or means of exchange such as mastercoin/counterparty/NXT/whatever, would surely bring more liquidity. I literally can't be bothered to trade using the thread (I have done once), whereas I'd be far more likely to push a button on Havelock. June 06, 2014, 08:42:57 AM
Can we please hear from LabRat regarding getting listed on havelock??
June 1-8 I will have limited cell service if any, but I will be back early June 8th and everything should go as normal while I'm gone.
(And I'm on vacation, and have been more focused on enjoying myself than on responding to forum posts. I'm back home tomorrow night, though. Boooooooo.
)grnbrg.
Edit: I seem to recall LR indicating that Havelock wasn't going to happen, but I forget the reasons.
June 06, 2014, 08:08:28 AM
So this is how it all ends...
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