Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 175. (Read 452224 times)
November 23, 2013, 09:34:21 AM
Hoping Lab_rat does come online today & answer some of the questions raised earlier.
November 23, 2013, 09:30:53 AM
Anyone want to wildly guess divs per share for 12/14/13 ?
I love guessing. We have two difficulty adjustments between now and then which we don't know for sure when exactly they happen. I figure roughly minus 20% total. Plus 5 days at 7x our current hashrate. I think it would be best to apply that estimate to today's dividend. I'm not sure using the last div as a basis is accurate since I think it included the accrued of the unclaimed? So... using two weeks ago of 0.000557995, today might be around .00047?
((.00047 * 0.80)*(2/7 of a week))+((.00047*0.80)*7x hashrate*(5/7 of a week))
Maybe 0.001987?
November 23, 2013, 08:58:25 AM
Anyone want to wildly guess divs per share for 12/14/13 ?
November 23, 2013, 08:40:38 AM
Consider what this price increase means for LRM. Assuming LR has acquired an extra 20TH to mine with. Then from the two weeks (probably equivalent of more) of mining, LR will accumulate roughly $200,000 for purchase of new hardware once it's all done.
To put that in perspective, 50,000 bonds bought at an average of say $15 each (i.e. BTC0.15/bond @ ~$100/BTC) was roughly $750,000 initially for investment (not all went to hardware at first - there were some intiial setup costs). Therefore, from just these two weeks there the new hardware should (I think) generate 30+% as much as all initial bond sales/trades proceeds combined - measured in fiat. Which is important, because hardware is priced in fiat.
LRM @ 100TH (2GH/bond) seems quite possible not too far out. Unless the Bitfury guys want to raise or keep prices higher due to bitcoin price being higher.
To put that in perspective, 50,000 bonds bought at an average of say $15 each (i.e. BTC0.15/bond @ ~$100/BTC) was roughly $750,000 initially for investment (not all went to hardware at first - there were some intiial setup costs). Therefore, from just these two weeks there the new hardware should (I think) generate 30+% as much as all initial bond sales/trades proceeds combined - measured in fiat. Which is important, because hardware is priced in fiat.
LRM @ 100TH (2GH/bond) seems quite possible not too far out. Unless the Bitfury guys want to raise or keep prices higher due to bitcoin price being higher.
November 23, 2013, 02:37:43 AM
Really does seem as though $1mill should have bought a lot more hash power than 25 Th.
At $30 per GH, $1,000,0000 would be producing approximately BTC27 per day today.
But we are not entirely certain what we paid per GH and what is being delivered when. Not that we won't in the future when we get our divs.....
Just sayin, "Communication is a process; not an event."
November 23, 2013, 02:30:43 AM
D - Day folks , prepare your self. 
I've even gone as far as to put my pants on for this one Ashitank
Wow - this IS serious....
and, we are over $840 USD on Bitstamp
November 23, 2013, 12:32:29 AM
D - Day folks , prepare your self.
I've even gone as far as to put my pants on for this one Ashitank
November 23, 2013, 12:15:20 AM
D - Day folks , prepare your self.
November 22, 2013, 02:10:26 PM
Yah, but Cointerra and Hashfast, when have they ever shipped?
I hope you understand & appreciate cointera & hashfast shipping getting delayed further or else our dividends are screwed to satoshi dust.
November 22, 2013, 11:46:08 AM
Yah, but Cointerra and Hashfast, when have they ever shipped?
November 22, 2013, 10:55:02 AM
That actually remains to be seen. If the Monarch ships 2 months before Cointerra, and before Hashfast then it was a good buy...
It's always a good bet that BFL will ship early. When have they ever NOT shipped early?
November 22, 2013, 09:14:47 AM
Monarch is bad investment of money against increasing difficulty , under mining KNC has not turned out good for us 100%.
That actually remains to be seen. If the Monarch ships 2 months before Cointerra, and before Hashfast then it was a good buy... ends up shipping the same time, not so much. It would be good to have KNCs RIGHT NOW, but in a high density mining op, the form factor and theoretically less power consumption of the Monarch will be superior.
To enter the order queue now for any might be a bad investment though it's getting too long again, talk up delays, buy out early orders at 80c on the dollar, and you're good.
I think when KNC opens up a December batch, if they will, it might sell out in hours, it will be like Avalon Batch 3...
November 22, 2013, 08:39:16 AM
Really does seem as though $1mill should have bought a lot more hash power than 25 Th.
.....As has been said multiple times in the posts today it did infact buy more than that.
Some of that money went into Monarchs.
Some of that money went into initial buildout/costs for hosting I'm sure.
Monarch is bad investment of money against increasing difficulty , under mining KNC has not turned out good for us 100%.
Worst bit is we have manufacturers ie. hashfast , VMC , BFL , Cointera , KNC ...... & list goes on , who will deliver new products shortly which @ current growth rate of LRM will mean further hurt on our dividends , I hope Lab_rat does have some solid plan to overcome all this.
November 22, 2013, 07:12:12 AM
Found him!
November 21, 2013, 07:31:21 PM
Some of that money went into Monarchs.
Bought them bitch' some Monarchs, bitches love Monarchs.
November 21, 2013, 06:07:03 PM
I'm not terribly bothered by the slow trickle of information. I'm patient and can only imagine what kind of hours Lab_Rat must be keeping these days. Maybe grnbrg could drive the 12 hours or whatever to help out ;-) As things get rolling, hopefully the LRM production will be sufficient for Lab_Rat to shed his day job shackles and concentrate on just LRM. The one thing I would love to know is if the whole wad was invested immediately or if perhaps by chance there is still a giant pile of btc that has appreciated 600% since the IPO that he can now go nuts spending on additional hardware. That would be wild. Either way, then the coming 14 day mining period will result in some really nice hardware additions.
Anyway, since there is a mob forming here, thought I'd link my favorite mob scene...
http://www.youtube.com/watch?v=rLJFgJ1GXsM
Anyway, since there is a mob forming here, thought I'd link my favorite mob scene...
http://www.youtube.com/watch?v=rLJFgJ1GXsM
November 21, 2013, 04:52:35 PM
LabRat need to calm people...
November 21, 2013, 04:47:15 PM
Really does seem as though $1mill should have bought a lot more hash power than 25 Th.
.....As has been said multiple times in the posts today it did infact buy more than that.
Some of that money went into Monarchs.
Some of that money went into initial buildout/costs for hosting I'm sure.
lab_rat didn't spend all the BTC after the IPO and kept some back to build out the two hosting environments and for future mining purchases. However as no accounting information is public we are left to speculate. We still don't even know how many monarch are on order but it was something like 60,000 usd worth at the time if I remember correctly.
November 21, 2013, 04:40:29 PM
Really does seem as though $1mill should have bought a lot more hash power than 25 Th.
.....As has been said multiple times in the posts today it did infact buy more than that.
Some of that money went into Monarchs.
Some of that money went into initial buildout/costs for hosting I'm sure.
November 21, 2013, 04:35:04 PM
Really does seem as though $1mill should have bought a lot more hash power than 25 Th.
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