[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 333.

matt4054

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Quote from: tucenaber on September 18, 2013, 07:27:46 PM

If I read it correctly, the payment was for this block https://blockchain.info/tx/c720ee6ccfe79b847162803316e00587970239f4d1508de5558802de37aa16fc (25.05503706 BTC)

Reward From Block 258588
Received Time 2013-09-18 04:58:58

This is an old block, no?

Blocks need 100 confirmations to mature and then they are paid out by the pool.

100 confirmations means 16.6 hours at 1 block / 10 min.

Ukyo

sr. member

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Quote from: matt4054 on September 18, 2013, 07:24:33 PM

If they are hashing at 2 TH/s, and their threshold is set to 3.27 BTC, we should see another 3.27 BTC payment within 10 hours (unless Slush is unlucky, which could add a couple of hours to the deadline)

Slush stats report:
Approx. cluster performance (30 min average): 67,212.914 Ghash/s

Some quick rough math... 11% of 25 BTC is 3.25 BTC.

So to earn 3.25 BTC per block, they would need to be hashing at about 11% of the 67,212.914 Ghash/s.
That would be 6,721.2914 GHash/s.

This is about 3x or so more than the 2TH previously mentioned.

Granted, that 2TH was a few weeks ago and they could have more equipment online by now.

-Ukyo

tucenaber

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If I read it correctly, the payment was for this block https://blockchain.info/tx/c720ee6ccfe79b847162803316e00587970239f4d1508de5558802de37aa16fc (25.05503706 BTC)

Reward From Block 258588
Received Time 2013-09-18 04:58:58

This is an old block, no?

matt4054

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Activity: 1946

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If they are hashing at 2 TH/s, and their threshold is set to 3.27 BTC, we should see another 3.27 BTC payment within 10 hours (unless Slush is unlucky, which could add a couple of hours to the deadline)

Duffer1

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Quote from: Bitcycle on September 18, 2013, 07:16:43 PM

Would 3.x per block mean they represented ( 3.x / 25 ) of slush's entire rate? That seems unlikely...

There's an option to not generate a payout to an external wallet until you reach x amount of mining revenue. You're correct that 1/8th of Slush's total hashrate is extremely unlikely.

JWU90

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Quote from: tucenaber on September 18, 2013, 07:17:13 PM

I'm skeptical. First, it was a bit too quick and second why would they not announce it?

well we should get some info soon Cheesy

theswede did say pool mining will be integrated in the next few hours during the last update.

Ukyo

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Quote from: Bitcycle on September 18, 2013, 07:16:43 PM

Would 3.x per block mean they represented ( 3.x / 25 ) of slush's entire rate? That seems unlikely...

By 3.x btc I was reference the amount that was paid out last. 3. Huh

btc.
We would want to hope that they would be getting about that per block if it was representing 1~2 TH of mining power.

If several more slush blocks hit payout and they receive nothing, that will tell us quite a bit.

As it stands by slush's site there are "32 confirmations left" until next block payout on their site.

Block, total block amount, remaining confirmations
258662   27.53925472    32 confirmations left
258663   26.63200108    33 confirmations left
258667   25.06536657    37 confirmations left
258672   26.11757425    42 confirmations left
258675   25.64535284    45 confirmations left

These will give valuable insight.

-Ukyo

tucenaber

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I'm skeptical. First, it was a bit too quick and second why would they not announce it?

matt4054

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Quote from: Ukyo on September 18, 2013, 07:12:08 PM

Actually, it's not slush finding a block, it's when the next block slush has found hits 100 confirms and can payout.

Quote from: Duffer1 on September 18, 2013, 07:13:33 PM

Nobody has been payed out yet from that block. https://blockchain.info/address/1AqTMY7kmHZxBuLUR5wJjPFUvqGs23sesr

True, I stand corrected.

It also means they had to fill the "buffer" if that payout is really from them, and we should see coins flowing in rapidly, unless they just lowered the threshold on purpose to trigger the payout (no implying anything here, it may very well be to prove they're hashing).

But the fact stays, we just can't evaluate their hashrate at the moment.

Personally, I'm still waiting before buying back in, I find the current price still rather 'optimistic' to say the least. But it's just personal opinion, and the trolls will take relay on that Wink

Bitcycle

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Would 3.x per block mean they represented ( 3.x / 25 ) of slush's entire rate? That seems unlikely...

Pompobit

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Quote from: Ytterbium on September 18, 2013, 07:11:00 PM

"They" meaning "people on IRC". Roll Eyes

Oh, ok got it Undecided

Duffer1

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Quote from: matt4054 on September 18, 2013, 07:10:23 PM

Quote from: Anotheranonlol on September 18, 2013, 07:08:07 PM

Quote from: matt4054 on September 18, 2013, 07:06:14 PM

Quote from: Ukyo on September 18, 2013, 06:49:06 PM

I mined on Slush for a while.
They pay at every threshold last I know and typically once per block.
Either:
a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there
b. LC is getting about 3.x btc per block on slush
C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.

While I would not rule out a, b and c are both promising.

-Ukyo

Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin.

Now a) and c) stay open.

don't know how you worked that out..

If they were to be rewarded 3.x BTC per block, they would have already been paid a second time. They haven't. Option b) ruled out.

Nobody has been payed out yet from that block. https://blockchain.info/address/1AqTMY7kmHZxBuLUR5wJjPFUvqGs23sesr

Ukyo

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Activity: 448

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Quote from: matt4054 on September 18, 2013, 07:06:14 PM

Quote from: Ukyo on September 18, 2013, 06:49:06 PM

I mined on Slush for a while.
They pay at every threshold last I know and typically once per block.
Either:
a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there
b. LC is getting about 3.x btc per block on slush
C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.

While I would not rule out a, b and c are both promising.

-Ukyo

Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin.

Now a) and c) stay open.

Actually, it's not slush finding a block, it's when the next block slush has found hits 100 confirms and can payout.

Ytterbium

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Quote from: Pompobit on September 18, 2013, 07:08:23 PM

Quote from: Ytterbium on September 18, 2013, 07:04:14 PM

They didn't say it on IRC. They got a tx from slush's pool, so it implies they're mining on slush's pool, or else someone is mining there and pointed their miners at their address.

Quote from: redbeans2012 on September 18, 2013, 06:21:38 PM

On IRC they say that it is Slush's pool

"They" meaning "people on IRC". Roll Eyes

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: Anotheranonlol on September 18, 2013, 07:08:07 PM

Quote from: matt4054 on September 18, 2013, 07:06:14 PM

Quote from: Ukyo on September 18, 2013, 06:49:06 PM

I mined on Slush for a while.
They pay at every threshold last I know and typically once per block.
Either:
a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there
b. LC is getting about 3.x btc per block on slush
C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.

While I would not rule out a, b and c are both promising.

-Ukyo

Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin.

Now a) and c) stay open.

don't know how you worked that out..

If they were to be rewarded 3.x BTC per block, they would have already been paid a second time. They haven't. Option b) ruled out.

pedrog

legendary

Activity: 2786

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So, are we rich?

cix888

newbie

Activity: 54

Merit: 0

what is the div per share if by Dec they hash with 500th?

whats the risk and whats the reward?

risk 100%

reward ?%

Duffer1

full member

Activity: 227

Merit: 100

Quote from: matt4054 on September 18, 2013, 07:06:14 PM

Quote from: Ukyo on September 18, 2013, 06:49:06 PM

I mined on Slush for a while.
They pay at every threshold last I know and typically once per block.
Either:
a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there
b. LC is getting about 3.x btc per block on slush
C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.

While I would not rule out a, b and c are both promising.

-Ukyo

Option b) has just been ruled out. Slush just solved a block and no payout to Labcoin.

Now a) and c) stay open.

We'll have to wait and see if they payout to the Labcoin address.

Pompobit

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Activity: 736

Merit: 508

Quote from: Ytterbium on September 18, 2013, 07:04:14 PM

They didn't say it on IRC. They got a tx from slush's pool, so it implies they're mining on slush's pool, or else someone is mining there and pointed their miners at their address.

Quote from: redbeans2012 on September 18, 2013, 06:21:38 PM

On IRC they say that it is Slush's pool

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: ?? on ??

https://bitcointalksearch.org/topic/labcoin-ipo-btctco-detailsfaq-and-discussion-asic-devsalesmining-263445
Or use another pool...

Thanks, I missed that post.

You're right. It's possible and would look like this:

https://mining.bitcoin.cz/accounts/profile/json/381968-c12bbfd7cb0a558ae9314aaefdf4d2ed

Code:

{
    "username": "dexXDemonstration",
    "rating": "none",
    "confirmed_nmc_reward": "0.00000000",
    "send_threshold": "1.00000000",
    "nmc_send_threshold": "10.00000000",
    "confirmed_reward": "0.00000000",
    "workers": {
        "dexXDemonstration.worker1": {
            "last_share": 0,
            "score": "0",
            "alive": false,
            "shares": 0,
            "hashrate": 0
        }
    },
    "wallet": "",
    "unconfirmed_nmc_reward": "0.00000000",
    "unconfirmed_reward": "0.00000000",
    "estimated_reward": "0.00000000",
    "hashrate": "0.0"
}

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