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Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 217. (Read 1079974 times)

sr. member
Activity: 337
Merit: 252
I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?

I'm not trying to persuade anyone of anything, I've made it clear it could be someone unrelated to labcoin pointing their BTCGuild account at labcoin's address.

I'm just explaining how the math works because apparently some people around here don't understand the whole "numbers" thing think mathematics is a "lie".

Oh please. I know mathematics very well thank you. But do you ever shut up?
full member
Activity: 238
Merit: 100
I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?

I'm not trying to persuade anyone of anything, I've made it clear it could be someone unrelated to labcoin pointing their BTCGuild account at labcoin's address.

I'm just explaining how the math works because apparently some people around here don't understand the whole "numbers" thing think mathematics is a "lie".
hero member
Activity: 736
Merit: 508
I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?

His assertion was challenged. He is defending his claim, and doing a damn good job. Those that disagree have been shifted to the weaker position, for sure.

Maybe he is right (I'm not really sure), but if it is so, why don't let people think labcoin is not hashing, so he can buy at lower price? And when the evidence will be shown just come back and saying "I told you it"?
hero member
Activity: 642
Merit: 500
I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?

His assertion was challenged. He is defending his claim, and doing a damn good job. Those that disagree have been shifted to the weaker position, for sure.

^This
member
Activity: 68
Merit: 10
I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?

His assertion was challenged. He is defending his claim, and doing a damn good job. Those that disagree have been shifted to the weaker position, for sure.
hero member
Activity: 532
Merit: 500
https://karatcoin.co
I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?

His assertion was challenged. He is defending his claim, and doing a damn good job. Those that disagree have been shifted to the weaker position, for sure.
sr. member
Activity: 476
Merit: 250
I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?
cause he's trying to sell shares
hero member
Activity: 736
Merit: 508
I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?
full member
Activity: 238
Merit: 100
@Ytterbium
Unless Labcoin are morons they use PPLNS wich means the payout varies with the number of found blocks. Do you understand that?

Which recent BTCGuild shifts do you think would have let them make 0.2907BTC in 30 minutes with one acccount at 750Gh/s
full member
Activity: 238
Merit: 100
I tried estimating % rate of network for ASICMINER one day by adding up all blocks with less than 100 confirmations and multiplying by 10.
It was something like 25%, extremely high.. but then the next day I looked it was like 5%... finding blocks varies so much that its impossible
to calculate it with only a day of information.  
I don't see how some of you could possibly be calculating hash rate accurately based on payments over a few hours, is there something I'm missing?  If the pool is lucky, then the payments will come faster, right?  

The most accurate way right now is this:


ASICMiner found 8 blocks in the past 24 hours.

BTCGuild found 68.  

The variance is far lower, and you get paid over a sliding window of the last 10 'shifts', which reduces the variance even more.  They don't get paid based on how many blocks BTCGuild found in the past hour.

Except for the very first set of shifts this difficulty period (Where they had 188% luck), all of their 10-shift periods have had luck of about +/- 20%.  The variance on BTCGuild is not very high at all. It's not like ASICMiner or slush, that's why people use it. and why it's always close to 51%.

I made it clear the payments could have come from someone other then labcoin pointing to their payout address. That just seems unlikely to me. We haven't seen any more inexplicable payments since 16:17 UTC, though.

But they did say they would "merge" the other hashers when they were "stable", whatever that means.
sr. member
Activity: 337
Merit: 252
@Ytterbium
Unless Labcoin are morons they use PPLNS wich means the payout varies with the number of found blocks. Do you understand that?
sr. member
Activity: 476
Merit: 250
There was no payment at 18:07
wait, so you ignore when they don't get a payment, but include obvious manual ones?  
Isn't that selectively including data when it fits your argument?

regardless, it's obvious their hash rate is trending towards what BTCGuild says it is.
sr. member
Activity: 392
Merit: 250
Sorry, I made a mistake with my post.. you don't need to multiply by 10.  The # of blocks with less than 100 confirmations would be your percent..
full member
Activity: 238
Merit: 100
4 payment window would be:

UTC             Payment       Gh/s estimate
9/23/2013 16:17   0.29072199  1214.078822
9/23/2013 17:07   0.15        1372.026411   
9/23/2013 18:07   0        1097.202923
9/23/2013 19:07   0.15        ~850      


Wow.  You really are bad at math.

There was no payment at 18:07.  The last four payments were 15:47, 16:17, 17:07, and 19:07

If there had been a 0 payment at 18:07, the four-payment sliding window would be 981.6594931
Gh/s
Not "~850"
sr. member
Activity: 476
Merit: 250
I tried estimating % rate of network for ASICMINER one day by adding up all blocks with less than 100 confirmations and multiplying by 10.
It was something like 25%, extremely high.. but then the next day I looked it was like 5%... finding blocks varies so much that its impossible
to calculate it with only a day of information. 
I don't see how some of you could possibly be calculating hash rate accurately based on payments over a few hours, is there something I'm missing?  If the pool is lucky, then the payments will come faster, right? 

The most accurate way right now is this:
hero member
Activity: 750
Merit: 500
www.coinschedule.com
I tried estimating % rate of network for ASICMINER one day by adding up all blocks with less than 100 confirmations and multiplying by 10.
It was something like 25%, extremely high.. but then the next day I looked it was like 5%... finding blocks varies so much that its impossible
to calculate it with only a day of information.  
I don't see how some of you could possibly be calculating hash rate accurately based on payments over a few hours, is there something I'm missing?  If the pool is lucky, then the payments will come faster, right? 

^^ this
sr. member
Activity: 264
Merit: 250
So, how this move from btc-tc > bitfunder(?) will go actually? What shareholders needs to do? Any info available?
sr. member
Activity: 392
Merit: 250
I tried estimating % rate of network for ASICMINER one day by adding up all blocks with less than 100 confirmations and calculating it as a percentage out of 100.
It was something like 25%, extremely high.. but then the next day I looked it was like 5%... finding blocks varies so much that its impossible
to calculate it with only a day of information.  
I don't see how some of you could possibly be calculating hash rate accurately based on payments over a few hours, is there something I'm missing?  If the pool is lucky, then the payments will come faster, right?  
sr. member
Activity: 476
Merit: 250
4 payment window would be:

UTC             Payment       Gh/s estimate
9/23/2013 16:17   0.29072199  1214.078822
9/23/2013 17:07   0.15        1372.026411   
9/23/2013 18:07   0        1097.202923
9/23/2013 19:07   0.15        ~850      
full member
Activity: 224
Merit: 100

We'll see if they get another 0.15 payment in 2 minutes
yes!another .15!

Ding. 

4-payment sliding window estimate at this point is 1030.403476 Gh/s, btw.  I'm quite sure the other 400(?) Gh/s is on another account.  (In fact, it has to be, or it would have shown up on the labcoin team's hashrate)
also, since this is just a threshold number, 1-hour output could (must) be larger than 0.15
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