[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 322.

BitThink

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Quote from: E.Sam on September 19, 2013, 05:07:31 AM

If I remember correctly, someone mentioned that it would be difficult for LC to prove their hashrate while using Slush (can't be bothered to look for post).
Anyway, it seems actually quite easy using their API to integrate this info into any site.

Yes, building a website to show the hashing stats is one of their promises.

BitThink

legendary

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So do you think we have a chance to know what happened between 10 Sep (the day they announced 2Th was mining) and Today?

a) Hashing did not work and they were busy fixing it. b) Hashing worked well, but the BTC mined were lost / hacked / distributed as their bonus. c) There were no hashing at all.

E.Sam

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If I remember correctly, someone mentioned that it would be difficult for LC to prove their hashrate while using Slush (can't be bothered to look for post).
Anyway, it seems actually quite easy using their API to integrate this info into any site.

here's how the setting page looks like, if anyone's interested...

Bitcycle

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We may see a substantial increase from blocks 258728 and 258730, which need 23 and 25 confirms. Those were from approximately 4-5 hours after Swede's post.

That's the soonest I'd expect to see full hashrate online, could be later.

Will be several hours until those blocks pay out.

BitThink

legendary

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Quote from: Bitcycle on September 19, 2013, 04:18:42 AM

Quote from: TheSwede75 on September 18, 2013, 03:53:40 PM

UPDATE:
The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12

Just noting these 12 hours are up, so they should be fully online by this point.

We haven't yet seen a payment for a block solved after Swede posted this message, by the way. The next payment should contain such a block, but it might be several hours before we see one that reflects their full rate.

We'd know if they'd tell us. (No, I won't stop making this point. It's completely ridiculous that we're having to guess about this.)

After the 12 hours deadline, the slush's pool has already found 2 blocks, 258796 and 258803. Let's see the result of the distribution of that 2 blocks. Currently, 93 and 100 confirms are needed respectively. Considering the distribution delay, we need to wait around 18 - 20 hours. Let's see what happens tomorrow.

sayaz

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Quote from: abuelau on September 19, 2013, 04:22:31 AM

Hm, got it. Well, there are many possibilities even the proportional share payment common in pools could be having an effect. We need to wait at least 24 to 48 hours to really get a sense of the hash speed...

Lol its just always a little more time with labcoin isn't it

abuelau

hero member

Activity: 750

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www.coinschedule.com

Hm, got it. Well, there are many possibilities even the proportional share payment common in pools could be having an effect. We need to wait at least 24 to 48 hours to really get a sense of the hash speed...

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: TheSwede75 on September 18, 2013, 03:53:40 PM

UPDATE:
The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12

Just noting these 12 hours are up, so they should be fully online by this point.

We haven't yet seen a payment for a block solved after Swede posted this message, by the way. The next payment should contain such a block, but it might be several hours before we see one that reflects their full rate.

We'd know if they'd tell us. (No, I won't stop making this point. It's completely ridiculous that we're having to guess about this.)

TMAN

legendary

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Exchange Bitcoin quickly-https://blockchain.com.do

Just have to keep watching, they did say they would let the hashing do the talking

BitThink

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Quote from: abuelau on September 19, 2013, 04:10:27 AM

Just FYI, 2TH/s should generate about 9BTC per 24 hours at current difficulty (anyone can easily check this with any of the various online bitcoin calculators). Labcoin has generated about 3.5 BTC so far (in about 8 to 9 hours since first payment arrived in that address).

So I think so far it's pretty consistent with 2TH/s. Not sure why there was a guy saying they don't have 2TH/s...

That's because you counted the first 3 BTC (God knows how long they have mined to get that 3 BTC).

After that, LC received around 0.11BTC every time 2 blocks were distributed by the Slush's pool. That's way below 2TH/s (actually around 0.2TH/s).

Luckybit

hero member

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Quote from: Bitcycle on September 19, 2013, 04:15:05 AM

Quote from: abuelau on September 19, 2013, 04:10:27 AM

Just FYI, 2TH/s should generate about 9BTC per 24 hours at current difficulty (anyone can easily check this with any of the various online bitcoin calculators). Labcoin has generated about 3.5 BTC so far (in about 8 to 9 hours since first payment arrived in that address).

So I think so far it's pretty consistent with 2TH/s. Not sure why there was a guy saying they don't have 2TH/s...

We don't know what that 3.5 BTC represented. Could have been any length of time.

The payments since then are at a much, much lower rate. They didn't have 2TH online when those blocks were solved.

Could be teething issues, we don't know because they won't tell us.

The real question is will you accept the dividends or not when its dividend time next week?

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: abuelau on September 19, 2013, 04:10:27 AM

Just FYI, 2TH/s should generate about 9BTC per 24 hours at current difficulty (anyone can easily check this with any of the various online bitcoin calculators). Labcoin has generated about 3.5 BTC so far (in about 8 to 9 hours since first payment arrived in that address).

So I think so far it's pretty consistent with 2TH/s. Not sure why there was a guy saying they don't have 2TH/s...

We don't know what that 3.5 BTC represented. Could have been any length of time.

The payments since then are at a much, much lower rate. They didn't have 2TH online when those blocks were solved.

Could be teething issues, we don't know because they won't tell us.

Zakryze

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Activity: 308

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Quote from: MaxSan on September 19, 2013, 03:57:52 AM

Quote from: Zakryze on September 19, 2013, 03:54:48 AM

Quote from: MaxSan on September 19, 2013, 03:53:01 AM

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

How dont they have their own miners?

well they might have bought their "own" miners but probably have not anything selfassembled hashing so far.

abuelau

hero member

Activity: 750

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www.coinschedule.com

Just FYI, 2TH/s should generate about 9BTC per 24 hours at current difficulty (anyone can easily check this with any of the various online bitcoin calculators). Labcoin has generated about 3.5 BTC so far (in about 8 to 9 hours since first payment arrived in that address).

So I think so far it's pretty consistent with 2TH/s. Not sure why there was a guy saying they don't have 2TH/s...

Luckybit

hero member

Activity: 714

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Quote from: MaxSan on September 19, 2013, 03:57:52 AM

Quote from: Zakryze on September 19, 2013, 03:54:48 AM

Quote from: MaxSan on September 19, 2013, 03:53:01 AM

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

How dont they have their own miners?

They bought themselves some time. I don't think people will care what miners they are using as long as they keep hashing. I think a few weeks from now pressure will build if their hash rate doesn't continue to increase.

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: MaxSan on September 19, 2013, 03:57:52 AM

Quote from: Zakryze on September 19, 2013, 03:54:48 AM

Quote from: MaxSan on September 19, 2013, 03:53:01 AM

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

How dont they have their own miners?

Don't worry, he is just trolling!!!

Only 6 days since he got out of newbie jail and all he has done so far is trolled the Labcoin thread.

MaxSan

sr. member

Activity: 369

Merit: 250

Quote from: Zakryze on September 19, 2013, 03:54:48 AM

Quote from: MaxSan on September 19, 2013, 03:53:01 AM

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

How dont they have their own miners?

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on September 19, 2013, 03:40:34 AM

Quote from: ThePeshMod on September 19, 2013, 03:26:03 AM

Quote from: Bitcycle on September 19, 2013, 03:19:17 AM

Quote from: KCBitcoin on September 19, 2013, 03:16:19 AM

Quote from: BitThink on September 19, 2013, 03:12:19 AM

0.11 per block is about 67.6 * 0.11 / 25 = 0.297 TH/s

Let's see whether this number increases after a couple of hours. Otherwise, let's see how labcoin explain where's their 5+ Th.

well these figures are rather disappointing.

Well, do remember these are from 14-15 hours ago.

Possibly they had a test set of boards running at a very low level before ramping up to the full set.

We'd know if they'd, you know, tell us.

Weird, my calculations show pretty close to actual 2 TH (assuming of course regular payments to that address). Between the first and last payment there is a bit over 10 hours. BTC3.63 over that time period estimates ~ BTC8.62 per day. 2 TH, according to the BTC calculators yields BTC8.93 per day. So I'd say currently about 2 TH.

EDIT: I'm sure someone with a bit of programming knowledge can do tracking of, let's say, hash rate 5-day moving average solely from information from that address. That should give us a good estimation of their true hash rate.

The first payment can't be counted - it's a backlog of probably days of mining.

A more realistic figure makes it look like LABCOIN has hash rate of two Avalons.

FTFY

Zakryze

sr. member

Activity: 308

Merit: 250

Quote from: MaxSan on September 19, 2013, 03:53:01 AM

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

if only they had their own miners, eh?

MaxSan

sr. member

Activity: 369

Merit: 250

The important thing here is that they are hashing.

We know it is getting scaled up. Obviously priorities went into getting a miner working in a stable way before continuing to assemble more units.

Exciting stuff. Rocky start but the delay it took for them to get online is monumentally less than the other ASIC builders...

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 322. (Read 1079974 times)