Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 156.

fractal02

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$Profile photo of fractal02$

yep...

0,000761125BTC per Bonds.

Remember, Monday was a day with a diff at 707,408,283...

According to BitcoinWisdom, 25TH/s bring daily ~ 13.84BTC at diff 908,350,862.

So :

- 1 day at 707,408,283 : ~17.77BTC
- 4.5 days at 908,350,862 : ~ 62.28BTC ( 13.84*4.5)

(62.28+17.77)*0.75 = ~60.03BTC

60.03/57451 bonds = ~ 0,00104489BTC...

Sorry but something is wrong....my math or... Huh

Because 0,000761125BTC per bonds is ~43.72BTC for 5.5 days after the 25% cut...

||bit

hero member

Activity: 924

Merit: 506

Quote from: daemonfox on December 14, 2013, 03:05:24 PM

Quote from: ||bit on December 14, 2013, 02:56:35 PM

Quote from: Frankthechicken on December 14, 2013, 02:52:51 PM

Quote from: M31 on December 14, 2013, 02:50:16 PM

Quote from: ||bit on December 14, 2013, 02:38:13 PM

Divs were paid out. How much were people paid per bond?

...and how do they compare to a per bond calculated expectations? Calculate:

(25TH @ Difficulty 908,400,000 @ 5.5 days * 0.75) / 57350 bonds?

I come out with an estimate of:

(BTC104.125 * (5.5/7) * 0.75) / 57350 bonds = BTC0.00106991/bond

If my bond # has been updated, then I show 0.00076112545 / bond. Of course, at this time of day I'm somewhat prone to error.

That appears to be the same number I came up with.

About 25% below calculated expectation. Unless there was a lot of bad luck, that isn't representative of 25TH @ 5.5 days. Looks more like ~ 25TH @ 4.2 days.

I ran this just using coinwarz calcs with no electric costs to get an idea of what 5.5 days @ 25TH and 1.5 days at 5 TH would yield in total. I got 83.04845 BTCs.

83.04845 X .75 / 57350 = 0.0010860738884045 per bond.

Good call. I forgot to add in the 1.5 days @ 5TH. I'll update my post.

daemonfox

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Activity: 630

Merit: 500

Quote from: Frankthechicken on December 14, 2013, 02:58:13 PM

Quote from: daemonfox on December 14, 2013, 02:33:03 PM

Quote from: ||bit on December 14, 2013, 02:08:29 PM

Quote from: Frankthechicken on December 14, 2013, 01:51:20 PM

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically). I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs. The result at this moment in time is Litecoin is only 111% as profitable as BTC. Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter. Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year. To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on. No time for that mess, so LRM should probably just focus on BTC now. The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds. My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt. I personally would not mind getting distributions in BTC and some other coin. There are at least a few alts that are at the moment promising.

I don't think the cooling and power requirements take as much out of the profit as you think. If LTC is 111% more profitable than BTC on a $ invested basis, then accounting for cooling and electricity might take it down to 100% - just a quick guesstimate. I'll also guesstimate that you can ROI on LTC in about 4 months, if not sooner. That figure will migrate towards ~10 months, which is where I think BTC mining with GPU's started to reach equilibrium (i.e. miners didn't seem to come on-board as much or stay on-board as much with that duration to ROI). Buying and holding has historically been the biggest winner... but I still think there is opportunity with LTC mining using GPU's, despite the supposed coming LTC asic.

A single Radeon 7950 at ~700KH/s @ ~500w (I have it in my server that is always on so lots of HDDs,fans and CPU usage etc.) churns about $10 a day on Multipool.us. Depending on my mood and estimates, I also choose to point at Grandcoin or Megacoin exclusively and can net twice that if I wait to cash to BTC at an appropriate time frame. With that said, after power costs and the cost of just the GPU... a 35-45 day ROI on a $300-$400 GPU is totally possible at current BTC prices.

I have a 6 GPU rig spec'd that runs almost $1500 and would hash at ~4.2MH/s on scrypt and could pull down right at $60 per day on Multipool.us and even more on Grandcoin/Megacoin depending on the rates and difficulties. That ROIs in less than 30 days at current rates.

A single card in a server of course skews the comparison a bit but, I'll add my setup as an example. 6x sapphire 7950's, 3800 kh/s at 1375W (including 14" honeywell fan). I'm currently assembling another 6 x 7950 rig but expect similar to better results. The ASIC quality on a few of the sapphires is subpar. I run my cards at 1000mv and tweak each core clock individually so I end up having clocks ranging from 995 to 1070mhz.

Which 7950 do you have?

I have the OC Boost which nets just at 700KH/s and never breaks 75C... this is my bat for MP...

setx GPU_MAX_ALLOC_PERCENT 100

setx GPU_USE_SYNC_OBJECTS 1

cgminer.exe -d 0 --scrypt -o stratum+tcp://pool1.us.multipool.in:7777 -u -p -I 20 --thread-concurrency 21712 -g 1 --gpu-engine 1200 --gpu-memclock 1800 --gpu-vddc 1200 --gpu-powertune 20 --gpu-fan 90 --temp-cutoff 80 --scan-time 1 --queue 4 --no-submit-stale

daemonfox

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Activity: 630

Merit: 500

Quote from: ||bit on December 14, 2013, 03:01:36 PM

Quote from: Frankthechicken on December 14, 2013, 02:58:13 PM

A single card in a server of course skews the comparison a bit but, I'll add my setup as an example. 6x sapphire 7950's, 3800 kh/s at 1375W (including 14" honeywell fan). I'm currently assembling another 6 x 7950 rig but expect similar to better results. The ASIC quality on a few of the sapphires is subpar. I run my cards at 1000mv and tweak each core clock individually so I end up having clocks ranging from 995 to 1070mhz.

Where are you finding 7950 cards? I haven't built any rigs, but investigated a bit... and everywhere I've seen they are sold out...except maybe one or two on ebay.

By the way, I recently saw in Fry's (an electronic department store) a computer advertised with an AMD 8000 series GPU. So, I guess they are coming soon.

Thought all the 8000s were just the APU embedded GPU cores...

The R9s are the new cards out now.

daemonfox

hero member

Activity: 630

Merit: 500

Quote from: ||bit on December 14, 2013, 02:56:35 PM

Quote from: Frankthechicken on December 14, 2013, 02:52:51 PM

Quote from: M31 on December 14, 2013, 02:50:16 PM

Quote from: ||bit on December 14, 2013, 02:38:13 PM

Divs were paid out. How much were people paid per bond?

...and how do they compare to a per bond calculated expectations? Calculate:

(25TH @ Difficulty 908,400,000 @ 5.5 days * 0.75) / 57350 bonds?

I come out with an estimate of:

(BTC104.125 * (5.5/7) * 0.75) / 57350 bonds = BTC0.00106991/bond

If my bond # has been updated, then I show 0.00076112545 / bond. Of course, at this time of day I'm somewhat prone to error.

That appears to be the same number I came up with.

About 25% below calculated expectation. Unless there was a lot of bad luck, that isn't representative of 25TH @ 5.5 days. Looks more like ~ 25TH @ 4.2 days.

I ran this just using coinwarz calcs with no electric costs to get an idea of what 5.5 days @ 25TH and 1.5 days at 5 TH would yield in total. I got 83.04845 BTCs.

83.04845 X .75 / 57350 = 0.0010860738884045 per bond.

Actual payout for me was 0.00532788 / 7 bonds = .0007611257142857143 per bond.

That's about a 30% loss from expected average.

MaxwellsDemon

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Activity: 187

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Converting information into power since 1867

Quote from: M31 on December 14, 2013, 02:50:16 PM

If my bond # has been updated, then I show 0.00076112545 / bond.

...which is almost exactly what we got a month ago, on Nov. 16th.
This time it wasn't a whole week, so the comparison is a little off, but still - it's infuriating how fast you have to run just to stay in the same place.

||bit

hero member

Activity: 924

Merit: 506

Quote from: Frankthechicken on December 14, 2013, 02:58:13 PM

A single card in a server of course skews the comparison a bit but, I'll add my setup as an example. 6x sapphire 7950's, 3800 kh/s at 1375W (including 14" honeywell fan). I'm currently assembling another 6 x 7950 rig but expect similar to better results. The ASIC quality on a few of the sapphires is subpar. I run my cards at 1000mv and tweak each core clock individually so I end up having clocks ranging from 995 to 1070mhz.

Where are you finding 7950 cards? I haven't built any rigs, but investigated a bit... and everywhere I've seen they are sold out...except maybe one or two on ebay.

By the way, I recently saw in Fry's (an electronic department store) a computer advertised with an AMD 8000 series GPU. So, I guess they are coming soon.

Frankthechicken

member

Activity: 112

Merit: 10

Quote from: daemonfox on December 14, 2013, 02:33:03 PM

Quote from: ||bit on December 14, 2013, 02:08:29 PM

Quote from: Frankthechicken on December 14, 2013, 01:51:20 PM

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically). I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs. The result at this moment in time is Litecoin is only 111% as profitable as BTC. Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter. Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year. To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on. No time for that mess, so LRM should probably just focus on BTC now. The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds. My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt. I personally would not mind getting distributions in BTC and some other coin. There are at least a few alts that are at the moment promising.

I don't think the cooling and power requirements take as much out of the profit as you think. If LTC is 111% more profitable than BTC on a $ invested basis, then accounting for cooling and electricity might take it down to 100% - just a quick guesstimate. I'll also guesstimate that you can ROI on LTC in about 4 months, if not sooner. That figure will migrate towards ~10 months, which is where I think BTC mining with GPU's started to reach equilibrium (i.e. miners didn't seem to come on-board as much or stay on-board as much with that duration to ROI). Buying and holding has historically been the biggest winner... but I still think there is opportunity with LTC mining using GPU's, despite the supposed coming LTC asic.

A single Radeon 7950 at ~700KH/s @ ~500w (I have it in my server that is always on so lots of HDDs,fans and CPU usage etc.) churns about $10 a day on Multipool.us. Depending on my mood and estimates, I also choose to point at Grandcoin or Megacoin exclusively and can net twice that if I wait to cash to BTC at an appropriate time frame. With that said, after power costs and the cost of just the GPU... a 35-45 day ROI on a $300-$400 GPU is totally possible at current BTC prices.

I have a 6 GPU rig spec'd that runs almost $1500 and would hash at ~4.2MH/s on scrypt and could pull down right at $60 per day on Multipool.us and even more on Grandcoin/Megacoin depending on the rates and difficulties. That ROIs in less than 30 days at current rates.

A single card in a server of course skews the comparison a bit but, I'll add my setup as an example. 6x sapphire 7950's, 3800 kh/s at 1375W (including 14" honeywell fan). I'm currently assembling another 6 x 7950 rig but expect similar to better results. The ASIC quality on a few of the sapphires is subpar. I run my cards at 1000mv and tweak each core clock individually so I end up having clocks ranging from 995 to 1070mhz.

||bit

hero member

Activity: 924

Merit: 506

Quote from: Frankthechicken on December 14, 2013, 02:52:51 PM

Quote from: M31 on December 14, 2013, 02:50:16 PM

Quote from: ||bit on December 14, 2013, 02:38:13 PM

Divs were paid out. How much were people paid per bond?

...and how do they compare to a per bond calculated expectations? Calculate:

(25TH @ Difficulty 908,400,000 @ 5.5 days * 0.75) / 57350 bonds?

I come out with an estimate of:

(BTC104.125 * (5.5/7) * 0.75) / 57350 bonds = BTC0.00106991/bond

If my bond # has been updated, then I show 0.00076112545 / bond. Of course, at this time of day I'm somewhat prone to error.

That appears to be the same number I came up with.

About 25% below calculated expectation. Unless there was a lot of bad luck, that isn't representative of 25TH @ 5.5 days. Looks more like ~ 25TH @ 4.2 days.

daemonfox

hero member

Activity: 630

Merit: 500

Quote from: zulover on December 14, 2013, 02:36:03 PM

What about the electric is that factored in also?

If its the same gpu 6x500w is 3000w for 4.5mhs

The 500w is for the whole rig not just the GPU... each 7950 pulls around 200w each at full load.

All the $ amounts I quoted were using the after electric cost estimates.

Quote from: ||bit on December 14, 2013, 02:52:55 PM

Quote from: daemonfox on December 14, 2013, 02:33:03 PM

Quote from: ||bit on December 14, 2013, 02:08:29 PM

Quote from: Frankthechicken on December 14, 2013, 01:51:20 PM

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically). I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs. The result at this moment in time is Litecoin is only 111% as profitable as BTC. Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter. Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year. To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on. No time for that mess, so LRM should probably just focus on BTC now. The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds. My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt. I personally would not mind getting distributions in BTC and some other coin. There are at least a few alts that are at the moment promising.

I don't think the cooling and power requirements take as much out of the profit as you think. If LTC is 111% more profitable than BTC on a $ invested basis, then accounting for cooling and electricity might take it down to 100% - just a quick guesstimate. I'll also guesstimate that you can ROI on LTC in about 4 months, if not sooner. That figure will migrate towards ~10 months, which is where I think BTC mining with GPU's started to reach equilibrium (i.e. miners didn't seem to come on-board as much or stay on-board as much with that duration to ROI). Buying and holding has historically been the biggest winner... but I still think there is opportunity with LTC mining using GPU's, despite the supposed coming LTC asic.

A single Radeon 7950 at ~700KH/s @ ~500w (I have it in my server that is always on so lots of HDDs,fans and CPU usage etc.) churns about $10 a day on Multipool.us. Depending on my mood and estimates, I also choose to point at Grandcoin or Megacoin exclusively and can net twice that if I wait to cash to BTC at an appropriate time frame. With that said, after power costs and the cost of just the GPU... a 35-45 day ROI on a $300-$400 GPU is totally possible at current BTC prices.

I have a 6 GPU rig spec'd that runs almost $1500 and would hash at ~4.2MH/s on scrypt and could pull down right at $60 per day on Multipool.us and even more on Grandcoin/Megacoin depending on the rates and difficulties. That ROIs in less than 30 days at current rates.

I was being intentionally conservative with my ROI figure. Fudge factoring in a generous difficulty increase. The conclusion I would be the same: I would consider it still an opportunity.

I understand... but in the scrypt world... we aren't dealing with a difficulty increase like BTC does... even LTC doesn't deal with this... pretty much all scrypt coins fluctuate up and down in difficulty at any given time. There are so many more options to swap what you are mining to chase better profits here vs. BTC and SHA256d coins. this is why Multipool.us has seen hashrates ranging from 1.2GH/s to 2 GH/s on scrypt in the last week... up from the 600-800 MH/s they had before the [rice jump in coins.

||bit

hero member

Activity: 924

Merit: 506

Quote from: daemonfox on December 14, 2013, 02:33:03 PM

Quote from: ||bit on December 14, 2013, 02:08:29 PM

Quote from: Frankthechicken on December 14, 2013, 01:51:20 PM

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically). I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs. The result at this moment in time is Litecoin is only 111% as profitable as BTC. Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter. Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year. To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on. No time for that mess, so LRM should probably just focus on BTC now. The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds. My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt. I personally would not mind getting distributions in BTC and some other coin. There are at least a few alts that are at the moment promising.

I don't think the cooling and power requirements take as much out of the profit as you think. If LTC is 111% more profitable than BTC on a $ invested basis, then accounting for cooling and electricity might take it down to 100% - just a quick guesstimate. I'll also guesstimate that you can ROI on LTC in about 4 months, if not sooner. That figure will migrate towards ~10 months, which is where I think BTC mining with GPU's started to reach equilibrium (i.e. miners didn't seem to come on-board as much or stay on-board as much with that duration to ROI). Buying and holding has historically been the biggest winner... but I still think there is opportunity with LTC mining using GPU's, despite the supposed coming LTC asic.

A single Radeon 7950 at ~700KH/s @ ~500w (I have it in my server that is always on so lots of HDDs,fans and CPU usage etc.) churns about $10 a day on Multipool.us. Depending on my mood and estimates, I also choose to point at Grandcoin or Megacoin exclusively and can net twice that if I wait to cash to BTC at an appropriate time frame. With that said, after power costs and the cost of just the GPU... a 35-45 day ROI on a $300-$400 GPU is totally possible at current BTC prices.

I have a 6 GPU rig spec'd that runs almost $1500 and would hash at ~4.2MH/s on scrypt and could pull down right at $60 per day on Multipool.us and even more on Grandcoin/Megacoin depending on the rates and difficulties. That ROIs in less than 30 days at current rates.

I was being intentionally conservative with my ROI figure. Fudge factoring in a generous difficulty increase. The conclusion I would be the same: I would consider it still an opportunity.

Frankthechicken

member

Activity: 112

Merit: 10

Quote from: M31 on December 14, 2013, 02:50:16 PM

Quote from: ||bit on December 14, 2013, 02:38:13 PM

Divs were paid out. How much were people paid per bond?

...and how do they compare to a per bond calculated expectations? Calculate:

(25TH @ Difficulty 908,400,000 @ 5.5 days * 0.75) / 57350 bonds?

I come out with an estimate of:

(BTC104.125 * (5.5/7) * 0.75) / 57350 bonds = BTC0.00106991/bond

If my bond # has been updated, then I show 0.00076112545 / bond. Of course, at this time of day I'm somewhat prone to error.

That appears to be the same number I came up with.

M31

full member

Activity: 139

Merit: 100

Quote from: ||bit on December 14, 2013, 02:38:13 PM

Divs were paid out. How much were people paid per bond?

...and how do they compare to a per bond calculated expectations? Calculate:

(25TH @ Difficulty 908,400,000 @ 5.5 days * 0.75) / 57350 bonds?

I come out with an estimate of:

(BTC104.125 * (5.5/7) * 0.75) / 57350 bonds = BTC0.00106991/bond

If my bond # has been updated, then I show 0.00076112545 / bond. Of course, at this time of day I'm somewhat prone to error.

||bit

hero member

Activity: 924

Merit: 506

Divs were paid out. How much were people paid per bond?

...and how do they compare to a per bond calculated expectations? Calculate:

~~(25TH @ Difficulty 908,400,000 @ 5.5 days * 0.75) / 57350 bonds?~~

I come out with an estimate of:

~~(BTC104.125 * (5.5/7) * 0.75) / 57350 bonds = BTC0.00106991/bond~~

[LATE UPDATE: Correction on the above. Calculation should be approximately: ((25TH @ Difficulty 908,400,000 @ 5.5 days + 5TH @ Difficulty 707,400,000 @ 1.5 days)* 0.75) / 57350 bonds.
New estimate would be: ((BTC81.8125 + BTC5.177) * 0.75) / 57350 bonds = BTC0.0011376/bond]

zulover

hero member

Activity: 583

Merit: 500

What about the electric is that factored in also?

If its the same gpu 6x500w is 3000w for 4.5mhs

daemonfox

hero member

Activity: 630

Merit: 500

Quote from: ||bit on December 14, 2013, 02:08:29 PM

Quote from: Frankthechicken on December 14, 2013, 01:51:20 PM

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically). I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs. The result at this moment in time is Litecoin is only 111% as profitable as BTC. Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter. Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year. To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on. No time for that mess, so LRM should probably just focus on BTC now. The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds. My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt. I personally would not mind getting distributions in BTC and some other coin. There are at least a few alts that are at the moment promising.

I don't think the cooling and power requirements take as much out of the profit as you think. If LTC is 111% more profitable than BTC on a $ invested basis, then accounting for cooling and electricity might take it down to 100% - just a quick guesstimate. I'll also guesstimate that you can ROI on LTC in about 4 months, if not sooner. That figure will migrate towards ~10 months, which is where I think BTC mining with GPU's started to reach equilibrium (i.e. miners didn't seem to come on-board as much or stay on-board as much with that duration to ROI). Buying and holding has historically been the biggest winner... but I still think there is opportunity with LTC mining using GPU's, despite the supposed coming LTC asic.

A single Radeon 7950 at ~700KH/s @ ~500w (I have it in my server that is always on so lots of HDDs,fans and CPU usage etc.) churns about $10 a day on Multipool.us. Depending on my mood and estimates, I also choose to point at Grandcoin or Megacoin exclusively and can net twice that if I wait to cash to BTC at an appropriate time frame. With that said, after power costs and the cost of just the GPU... a 35-45 day ROI on a $300-$400 GPU is totally possible at current BTC prices.

I have a 6 GPU rig spec'd that runs almost $1500 and would hash at ~4.2MH/s on scrypt and could pull down right at $60 per day on Multipool.us and even more on Grandcoin/Megacoin depending on the rates and difficulties. That ROIs in less than 30 days at current rates.

zulover

hero member

Activity: 583

Merit: 500

So are divs being paid tmro?

||bit

hero member

Activity: 924

Merit: 506

Quote from: grnbrg on December 14, 2013, 02:12:24 PM

Quote from: countduckula on December 14, 2013, 01:53:25 PM

So.. today its the day with 25Th paying dividends? or next week?

It's today.

And keep in mind that Lab_Rat made the switch on Monday, so it's 5.5 days of ~25TH/s divs, not 7.

grnbrg.

5.5 days? It's 2PM in New Jersey...and divs have just now been sent. So, you must mean 5.583 days.

..just saying.. Cheesy

grnbrg

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Activity: 509

Merit: 500

Official LRM shill

Quote from: countduckula on December 14, 2013, 01:53:25 PM

So.. today its the day with 25Th paying dividends? or next week?

It's today.

And keep in mind that Lab_Rat made the switch on Monday, so it's 5.5 days of ~25TH/s divs, not 7.

grnbrg.

||bit

hero member

Activity: 924

Merit: 506

Quote from: Frankthechicken on December 14, 2013, 01:51:20 PM

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically). I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs. The result at this moment in time is Litecoin is only 111% as profitable as BTC. Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter. Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year. To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on. No time for that mess, so LRM should probably just focus on BTC now. The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds. My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt. I personally would not mind getting distributions in BTC and some other coin. There are at least a few alts that are at the moment promising.

I don't think the cooling and power requirements take as much out of the profit as you think. If LTC is 111% more profitable than BTC on a $ invested basis, then accounting for cooling and electricity might take it down to 100% - just a quick guesstimate. I'll also guesstimate that you can ROI on LTC in about 4 months, if not sooner. That figure will migrate towards ~10 months, which is where I think BTC mining with GPU's started to reach equilibrium (i.e. miners didn't seem to come on-board as much or stay on-board as much with that duration to ROI). Buying and holding has historically been the biggest winner... but I still think there is opportunity with LTC mining using GPU's, despite the supposed coming LTC asic.

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 156. (Read 452224 times)