Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 138. (Read 452224 times)

Respect for a fellow Winnipegger.. what up.

>> http://btcmiami.com/

definitely not Disney material....


on topic - moar bones!

Apparently we're no longer welcome in Anaheim....


grnbrg.

All winterpeggers excel at indoor sports so I'm told

I wish.

http://www.theweathernetwork.com/14-day-weather-trend/canada/manitoba/winnipeg


grnbrg.

WTF is that supposed to mean? Is there something important in Miami?

DON'T TEASE ME BRO!

... must find out... what is going on in Miami... dig... dig...

Who is going to be in Miami this week?

mmmmmmm bone, nom, nom, nom

It adds up when you're burning MegaWatts though... 

Music to a miner's ears Lab_Rat   Cheap power -- well, that's more than cheap!

I will say one thing as this is a side note to the actual release.  Power costs are far UNDER $0.02/kWh for LRM starting in March so LRM is not going anywhere for a very very very long time.

Some while back somebody here identified the ASIC venture as "feature creep".

What you did here was take the feature creep ball and ran with it 

Gotta say I like the 40ft container idea.  The others as well, however I think much of it falls outside the purview of what LRM was established to be.

Focus on hashing is where this started and where it should remain for some time.  I didn't buy LRM with the idea of becoming the next Google or Microsoft.  This is a small operation so focus is crucial.  The fore-mentioned companies started with sharp focus on search and operating systems respectively.

Still, Larry Page and Bill Gates surely dreamed of what might be.  My 2 satoshis is to put the conjecture aside until such ideas are closer to being actionable.

Maintaining a steady 1-2% of the network seems like a good goal.  In the next 3 years we'll begin to run up against facility/power costs (and of course need to make our own ASICs, selling some to subsidize).  At that point, finding cheap power will be our new obstacle, and I can certainly imagine, if LRM is one of the biggest miners out there, that we'd buy or rent an entire hydro facility.  Undoubtedly, the visionaries are currently looking for such, in areas that may not have the right infrastructure for powering homes -- like $$ transmission lines.  Right now, power is still a small % of cost when compared to what we make, so even going with a larger nm ASIC is not a big deal; the big deal is getting it done ASAP.  Time is our enemy... I'd rather have a PH/s of 55-65nm ASICs running today, than wait 18 months for 14nm ASICs.

Any ideas on diversification for LRM?

- ATMs, in other countries
- Rental of hashing power?  For this one I think a constant value bond works best.  Instead of a fixed bond in a fluctuating network, set the bond as fixed by making it a percentage of the network.  Ex: buy a 0.000001%/network for x amount.  Bond would auto-expire in, say, 30 days, and you'd get your BTC back, plus any earnings.  Of course, this would require adding hardware to keep up, but that would be reflected in the initial bond price, plus profit for LRM.  It would be like a 30 day government bond.  Locked in and a known quantity for investors.
- Resales of hashing power (kind of like the second idea, but at a wholesale rate to people who can use it however they like.  MLMs, forums not related to BTC, derivative packages).
- Gift cards that sell not BTC or hardware, but bonds.  I'd like to send my cousin 1 LRM bond - it comes with a wallet and login info to activate, and is in either a physical or virtual format, or both.
- Design new hardware configurations: modular miner -- a 40ft container miner (say, 0.5-1PH/s at today's tech).  Power, cooling and data is all a user needs to worry about, and it can be trucked anywhere, operating in extremes (like near a dam out in the open).  Something like Google did early on.  It could be trucked to where the cheap power is, or trucked to where heat could be used, for desalination for example.  It could be stacked and expanded, and all remotely managed by LRM.
- Co-generation opportunities:  find businesses that need heating, and offer it at a lower cost using modular miner.

^^ those ideas are pretty specific to LRM.  I've many more that are not, so will not bother with them here, but am just wondering if anyone has any ideas to add, during our news wait.

When I say we need to be at a PH, I mean by this spring time. Would love to have a PH now, but i think its possible if everything goes as planned. I really hope the asic project works out, I think thats going to save our bacon (along with the other ideas that LR has and yet to announce).. With cointerra and the rest, the difficulty will easily double in the next 3 months or so.

Think I just figured out who the asic project is with. Active mining and People's Asic they just taped out a 55nm delivery in Q2 2014.


PRESS RELEASE

Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and  People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC.  The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.

Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC.  Delivery of chips is expected in Q2/2014.  Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm.  EASIC's 28 nm development has been upgraded to a full custom 28 nm.

Reaching near 250 TH (the approximate par level for current difficulty) isn't expected for maybe two or two-and-a-half more months from now, according to LRM webpage.

 

The equipment coming should be in that range, plus the ASIC project. 

I would propose we are reasonably on target for sustainability.  (Ok, will be on target based on what is planned for the future.)

Your ideas are intriguing to me, and I wish to subscribe to your newsletter.


grnbrg.