Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 168. (Read 452224 times)

I am very good friends with one of the big data center owners in Iceland. I have a meeting set up with him fairly soon, actually. What I haven't been able to do is get any large ASIC company owners to liaise with me to make the intro.

I sent LR a private message on this topic.

I'm starting to think it would be worthwhile to start buying litecoin (LTC) mining hardware - whether LR agree's or not. At least folks on a private level people can take advantage. It is seeming inevitable that LTC will be accepted as pay. OkPay just accepted LTC this past day or so, and MtGox is working on adding LTC to be traded with their new engine (whcih will likely get Coinbase to add it and maybe Bitpay to accepting it - an instant massive utility improvement. LTC is currently booming up on large volume. It hit $30 per coin, and is back to trading at about 30 LTC/BTC. Also, because of supply values, where BTC is set to peak at 21mill and LTC is set to peak at 84mill (not sure over what time period), it seems logical or intuitive anyway that LTC will move upwards to 1/4th the price per coin as BTC. If true, LTC has about eight times more growth to just catch up to to that level. In other words, from this time forward, any percentage value gain BTC ends up with, multiply that gain by upwards of eight times for litecoin, just my gut.

Even if people didn't want the LTC, mining for it can be like proxy mining for BTC. You can trade them easily enough on BTC-e....

....and ROI with hardware is 3 months. Should be even faster now with higher prices.  All this without worrying about the ASIC swarm...yet.

Ultimately, if we could raise a crop of our own ASICs such that we never have to wait on orders, that would work out best.  Second best would be exclusive access to chips ahead of others, and we make our own custom boards.  The boards, software and power are not a big issue once chips are in hand, and can be assembled in days.

Finally caught up on the thread, phew!

I would bet a lot against LRM buying any of these, and this discount is not the big news it seems; this value has always been available to people with vouchers etc - only fools pay face-value for BFL gear.

Like the concept, don't agree with the odds though...

Yes, I certainly would be a very long way from dropping any coin on this. I wouldn't be buying Monarchs either, like, at all, but buying Gen1 BFL gear is straight-up retarded.

On that note - anyone want to buy some singles?!

+1 to "Two Weeks™"

Made sense to me and would love to hear a number for it too!

It's hard to evaluate exactly how good a deal it is. If it was a horse race, you might have odds like, Monarch 2:1, Neptune 3:2, Cointerra 5:1, HashFast 5:1, BlackArrow 7:1, Random Chinese Dark Horse 25:1

25% off February Delivery Monarchs (at earliest) and probably near the back of that line still puts it at $5.85/GH

There are much better deals to be had.

25% off Monarchs on Bitcoin Friday according to BFL newsletter.... but don't know if we're "monarch heavy" already and need to spread risk.


(Don't know if rack space density is an issue, thinking we'd get upwards of 5 TH in 4U with monarchs, if power allowance is good for that... other options are looking like 500-2TH in between 3-5U...)

I don't think so... 3 BTC isn't cheap.... Besides, you could probably buy at least four times the hashing power by spending that much on Bitfury hardware instead. And the Bitfury delivery times seem to have been relatively quick.

If they lower price maybe...but not at the current price...nobrainer
Competitor are all around.

Q1-Q2 2014 will be really intense.

BFL are now shipping 50/60 GH/s Singles from stock for approx 3 BTC each ?

Is it worth cost / effort / power to get some cheap hashing while stocks last or does difficulty kill it?

I don't think so. He probably would have said. And he already responded to my thoughts on electricity costs. I suspect this comment however related to something to do with hardware deals.

I heard about Iceland having cheap power, free cooling etc etc etc, back in the spring, and was investigating... well... maybe they do, but none of the hosting companies there knows much about it. On average they seemed about 20% worse pricing than top tier hosting in the US.

Would go nicely with the statue I have for sale.

Also:  I have a bridge for sale.  Top quality!  Very inexpensive.


grnbrg.