Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 110. (Read 452224 times)
March 07, 2014, 08:07:53 AM
Only Lab_Rat would know the numbers to do the math with, but getting a refund from BFL and piling the money into either more bitfury gear or the 'mysterious ASIC project' would probably make the most sense. The fact that BFL is (willingly? Compelled by law?)offering refunds at all makes me feel we've slipped into an alternate dimension where nothing makes sense anymore.
March 07, 2014, 07:24:55 AM
If LR can pull off getting LRM to 1PH... it could arguably make up for all this.... that's an if....
Why do I think this? Correct me if I'm wrong... current network hashrate is ~30PH....
Difficulty looks like it may have went to a linear increase. Ifso, that projects to about ~100PH by year end.
1PH would be ~1% of the network. Currently that (1%) would yield ~BTC1057/mo ... or ~BTC0.0176/month/bond (not bad).
This doesn't count halving of block size. And I might be underestimating the difficulty.
It's an awesome "If". Man, that would be sweet!Why do I think this? Correct me if I'm wrong... current network hashrate is ~30PH....
Difficulty looks like it may have went to a linear increase. Ifso, that projects to about ~100PH by year end.
1PH would be ~1% of the network. Currently that (1%) would yield ~BTC1057/mo ... or ~BTC0.0176/month/bond (not bad).
This doesn't count halving of block size. And I might be underestimating the difficulty.
If he can get LRM up and over 300TH right now, then it would be the equivalent. This month is suppose to bring in 150+TH - which would be getting closer.
Still running at ~18Th/s on ghash according to the banner stats shown on lrm site - which is not the total hash rate..... It's the 7th March and keen to be surprised.....
March 07, 2014, 03:22:31 AM
If LR can pull off getting LRM to 1PH... it could arguably make up for all this.... that's an if....
Why do I think this? Correct me if I'm wrong... current network hashrate is ~30PH....
Difficulty looks like it may have went to a linear increase. Ifso, that projects to about ~100PH by year end.
1PH would be ~1% of the network. Currently that (1%) would yield ~BTC1057/mo ... or ~BTC0.0176/month/bond (not bad).
This doesn't count halving of block size. And I might be underestimating the difficulty.
It's an awesome "If". Man, that would be sweet!Why do I think this? Correct me if I'm wrong... current network hashrate is ~30PH....
Difficulty looks like it may have went to a linear increase. Ifso, that projects to about ~100PH by year end.
1PH would be ~1% of the network. Currently that (1%) would yield ~BTC1057/mo ... or ~BTC0.0176/month/bond (not bad).
This doesn't count halving of block size. And I might be underestimating the difficulty.
If he can get LRM up and over 300TH right now, then it would be the equivalent. This month is suppose to bring in 150+TH - which would be getting closer.
March 07, 2014, 03:09:53 AM
If LR can pull off getting LRM to 1PH... it could arguably make up for all this.... that's an if....
Why do I think this? Correct me if I'm wrong... current network hashrate is ~30PH....
Difficulty looks like it may have went to a linear increase. Ifso, that projects to about ~100PH by year end.
1PH would be ~1% of the network. Currently that (1%) would yield ~BTC1057/mo ... or ~BTC0.0176/month/bond (not bad).
This doesn't count halving of block size. And I might be underestimating the difficulty.
It's an awesome "If". Man, that would be sweet! Why do I think this? Correct me if I'm wrong... current network hashrate is ~30PH....
Difficulty looks like it may have went to a linear increase. Ifso, that projects to about ~100PH by year end.
1PH would be ~1% of the network. Currently that (1%) would yield ~BTC1057/mo ... or ~BTC0.0176/month/bond (not bad).
This doesn't count halving of block size. And I might be underestimating the difficulty.
March 06, 2014, 07:16:10 PM
If LR can pull off getting LRM to 1PH... it could arguably make up for all this.... that's an if....
Why do I think this? Correct me if I'm wrong... current network hashrate is ~30PH....
Difficulty looks like it may have went to a linear increase. Ifso, that projects to about ~100PH by year end.
1PH would be ~1% of the network. Currently that (1%) would yield ~BTC1057/mo ... or ~BTC0.0176/month/bond (not bad).
This doesn't count halving of block size. And I might be underestimating the difficulty.
Why do I think this? Correct me if I'm wrong... current network hashrate is ~30PH....
Difficulty looks like it may have went to a linear increase. Ifso, that projects to about ~100PH by year end.
1PH would be ~1% of the network. Currently that (1%) would yield ~BTC1057/mo ... or ~BTC0.0176/month/bond (not bad).
This doesn't count halving of block size. And I might be underestimating the difficulty.
March 05, 2014, 04:41:37 PM
If you can count on anything from BFL it is that this is not going to be the only delay. There are no assurances that when the chip comes back that it'll be correct, or any other of these processes they have in place will be ready. We also don't know if they'll have stock of necessary hardware parts on hand for all of their orders. Something that plagued them apparently, when they were working on their previous product assembly.
We should consider getting a refund and putting the money into a first round of Asicminer's new chips from competitive resellers making hardware. At least one in China has already announced plans to begin production. It's my guess these will be price competitive and available sooner than the other 28nm companies currently engaged with manufacturing (BlackArrow, BFL, KNC) and even after they are released.
We should consider getting a refund and putting the money into a first round of Asicminer's new chips from competitive resellers making hardware. At least one in China has already announced plans to begin production. It's my guess these will be price competitive and available sooner than the other 28nm companies currently engaged with manufacturing (BlackArrow, BFL, KNC) and even after they are released.
March 05, 2014, 03:22:05 PM
I suppose this is the problem when we are not in control of our own hardware: can't wait for that issue to be over.
+1
March 05, 2014, 03:06:24 PM
I'm sure the math here is pretty simple for Lab_Rat.
Get a refund request in ASAP, then expand the BF order by that amount, and perhaps do some sort of bridge financing to cover the massive 45 day delay that BFL is generating so that the BF order can be sped up. BFL has cost us massively once again, and continues to by delaying a refund. You know when they say 1TH/s +/- 20%, they mean -20%. You know when they say 30-45 days they mean 45 days. Such a shame... those monarch cards look pretty sweet!
..but TH cards will undoubtedly be going for $1000 (or less) later this year.. if they are worth it then, maybe we can reconsider.
I suppose this is the problem when we are not in control of our own hardware: can't wait for that issue to be over.
Get a refund request in ASAP, then expand the BF order by that amount, and perhaps do some sort of bridge financing to cover the massive 45 day delay that BFL is generating so that the BF order can be sped up. BFL has cost us massively once again, and continues to by delaying a refund. You know when they say 1TH/s +/- 20%, they mean -20%. You know when they say 30-45 days they mean 45 days. Such a shame... those monarch cards look pretty sweet!
..but TH cards will undoubtedly be going for $1000 (or less) later this year.. if they are worth it then, maybe we can reconsider.
I suppose this is the problem when we are not in control of our own hardware: can't wait for that issue to be over.
March 05, 2014, 02:31:12 PM
I would love for LR to get a refund on the Monarch orders and apply that all towards BitFury hardware instead. Would you rather have Monarchs in February or Bitfury in October? Sure, Monarchs are retailing at $8/GH and BitFury at $20/GH... but difficulty is the equalizer here... just consider the 70% increase per month, and more hardware coming out soon. Sitting and waiting for network gridlock might be the best bet. You might be able to buy a 2 TH miner for $2,000 next spring.
Looks like we might make the 6 months. A quick Monarch search shows we go back at least this far.
March 05, 2014, 02:29:44 PM
Glad to see BFL is doing the right thing this time around and not making their customers pay for their mistakes. Major props, BFL!
(eagerly awaiting LabRat's decision...)
(eagerly awaiting LabRat's decision...)
March 05, 2014, 02:29:36 PM
You get the Imperial (The 800gh Monarch) based on your original queue position.
You get the 600gh Monarch at the end of the order queue, which means by the time you get it it'll be worthless.
You get the 600gh Monarch at the end of the order queue, which means by the time you get it it'll be worthless.
March 05, 2014, 11:59:51 AM
Did i understand correctly the 6 month wait double shipment? Do they give you an Imperial AND add a 600 at the end of the queue?
March 05, 2014, 11:54:50 AM
Wonder if Lab_rat goes for full refund or?
March 05, 2014, 11:50:21 AM
Seriously, sounds like good news =)
March 05, 2014, 11:45:22 AM
https://forums.butterflylabs.com/announcements/4414-monarch-information-2.html
WOW
It was not a free coffee mug after all....
WOW
It was not a free coffee mug after all....
March 04, 2014, 08:05:47 PM
Can anyone offer up a plausible reason for his behaviour?
Yes. You've been enabling an incompetent fuckwit for nearly a year, and he'd have no reason to believe you're worth any more time or effort than he'd care to piss away at any given moment.
Stop ending up in positions where you find yourself asking what's going on and why you're getting fucked. If you can't put in the work to perform due diligence and if you can't muster the discipline to refuse to fund incompetence, it means investing is not for you.
Lol, thanks Mom.
March 04, 2014, 06:47:22 PM
It's March.
March 04, 2014, 02:39:14 PM
Can anyone offer up a plausible reason for his behaviour?
Yes. You've been enabling an incompetent fuckwit for nearly a year, and he'd have no reason to believe you're worth any more time or effort than he'd care to piss away at any given moment.
Stop ending up in positions where you find yourself asking what's going on and why you're getting fucked. If you can't put in the work to perform due diligence and if you can't muster the discipline to refuse to fund incompetence, it means investing is not for you.
Thanks so much for dropping by and gracing us with your wonderful, self referencing wisdom.
March 04, 2014, 02:24:32 PM
Can anyone offer up a plausible reason for his behaviour?
Yes. You've been enabling an incompetent fuckwit for nearly a year, and he'd have no reason to believe you're worth any more time or effort than he'd care to piss away at any given moment.
Stop ending up in positions where you find yourself asking what's going on and why you're getting fucked. If you can't put in the work to perform due diligence and if you can't muster the discipline to refuse to fund incompetence, it means investing is not for you.
March 04, 2014, 01:23:17 PM
The only use for Gox in the months prior to its fall was just to speculate on price. It was useless as a platform to convert BTC to fiat since you couldn't get money out of it. Even if L_R had BTC on an exchange for paying for hardware, it probably wouldn't have been Gox.
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