Out of the 17.7TH the company doesn't keep a penny to run anything. All management fees come out of the uncontracted hashrate. This includes power, hosting, rent, etc. None of those are cheap when we're talking about anything over 100kW.
The fact that $250k wouldn't 10x the hashrate is due to buildout costs of such a mine. The most expensive part of building a mine at this point isn't the hardware anymore. It's the elec and cooling. The buildout alone on a 1MW facility is between $3-500k if you know what you're doing and do it cheap depending on where you're building.
Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 20. (Read 452170 times)
August 15, 2014, 10:32:42 AM
August 15, 2014, 10:20:22 AM
retrocalc.net; start date 08/04 end date 08/10; 130TH/s generated ~20.5BTC. Even with bad luck there's some withholding going on, but running a datacenter isn't free either.
August 15, 2014, 09:41:41 AM
So the new contracts for sale take their 100MH/s from the uncontracted pool immediately upon purchase? Or are they subject to a waiting period for the new hardware you plan on purchasing with it?
Also why does your sig say 130 TH/s uncontracted but the cex banner says 107 for the last 24 hours?
Also why does your sig say 130 TH/s uncontracted but the cex banner says 107 for the last 24 hours?
It would come from the un-contracted pool and you would immediately receive the benefits.
There was an issue at the mine that is in the process of being resolved. It should be closer to 150 once everything is perfect again.
So that raises the question... how do any of the numbers posted add up... they just don't...
If 17.7 TH/s is contracted... and 130 TH/s is bonus... why is the bonus only ~ 2X the payout of the contracted? Does discretionary really mean you are just keeping 75% of it for LRM?
I mean... if 17.7 TH/s = Per Contract: BTC 0.00002004 = ~ BTC 0.00000113 per contract per TH/s
Then how the hell does 130 TH/s = Per contract: BTC 0.00003937 = ~ BTC 0.00000030 per contract per TH/s
and of course... that will only diminish per contract as more are sold.
Shouldn't bonuses have been something nearer BTC 0.00014719 per contract? Why does LRM get to keep the coins earned by the "uncontracted" hashrate the contract holders ultimately paid for themselves?
That's a very good question. I was expecting this news to be that a large order has been placed with the funds that have been saved over the last while. To find out that you are keeping 75% of the hash power and still trying to raise funds to pay for the new order doesn't make any sense.
500BTC is roughly $250,000 you said you can buy hardware at 25-75c /Gh and that the mine would expand 4 or 5 fold. Well that means you are only using the 500BTC you hope to raise to buy new hardware.
You won't sell 10BTC worth of bonds unless you lay out exactly what is going on with this.
August 15, 2014, 08:49:34 AM
So the new contracts for sale take their 100MH/s from the uncontracted pool immediately upon purchase? Or are they subject to a waiting period for the new hardware you plan on purchasing with it?
Also why does your sig say 130 TH/s uncontracted but the cex banner says 107 for the last 24 hours?
Also why does your sig say 130 TH/s uncontracted but the cex banner says 107 for the last 24 hours?
It would come from the un-contracted pool and you would immediately receive the benefits.
There was an issue at the mine that is in the process of being resolved. It should be closer to 150 once everything is perfect again.
So that raises the question... how do any of the numbers posted add up... they just don't...
If 17.7 TH/s is contracted... and 130 TH/s is bonus... why is the bonus only ~ 2X the payout of the contracted? Does discretionary really mean you are just keeping 75% of it for LRM?
I mean... if 17.7 TH/s = Per Contract: BTC 0.00002004 = ~ BTC 0.00000113 per contract per TH/s
Then how the hell does 130 TH/s = Per contract: BTC 0.00003937 = ~ BTC 0.00000030 per contract per TH/s
and of course... that will only diminish per contract as more are sold.
Shouldn't bonuses have been something nearer BTC 0.00014719 per contract? Why does LRM get to keep the coins earned by the "uncontracted" hashrate the contract holders ultimately paid for themselves?
August 15, 2014, 03:58:44 AM
After a long period of steady payouts, it's time to revamp. The company has surpassed 1600 BTC in payouts, the hashrate is in the 15 digit range, we've got a new shiny logo and website, so let's kick it up a notch.
There are a few things LRM has been looking into. These being:
To get some of these projects kicked off, the company is looking to secure additional funding. LabRatMining is going to be offering contracts at a discounted price to raise at least 500 BTC. Doing this will allow LRM to secure and begin operating new mining hardware between 25 and 75 cents a GH/s tripling or even quadrupling the total hashrate. If you have an opinion on whether to add Scrypt mining to the LabRatMining operation, please feel free to post on the BitcoinTalk Forums Thread.
Head on over to www.labratmining.com to check out the new website and contract purchase features.
There are a few things LRM has been looking into. These being:
- Great deals from Spondoolies and AntMiner
- MegaBigPower's Franchise Program (would launch Q1 2015)
- Scrypt Mining
To get some of these projects kicked off, the company is looking to secure additional funding. LabRatMining is going to be offering contracts at a discounted price to raise at least 500 BTC. Doing this will allow LRM to secure and begin operating new mining hardware between 25 and 75 cents a GH/s tripling or even quadrupling the total hashrate. If you have an opinion on whether to add Scrypt mining to the LabRatMining operation, please feel free to post on the BitcoinTalk Forums Thread.
Head on over to www.labratmining.com to check out the new website and contract purchase features.
LabRat, i'm more than happy to see you go "step forward". Kudos for the new Website.
OK...we aren't ROI...and the past month wasn't easy...but i'm on Labrat mining for the long term.
I'm goin to buy some new contract to help the whole project and in fact help all of us to achieve ROI.
Because you know : "Small streams make big rivers"
About Scrypt mining : For the moment, it's more secure to wait the monster like Gawminer Vaultbreaker and KNC Titan Scrypt.
Actual Scrypt miner will lose value a lot....and see the LTC price ? maybe it's a pump and dump strategy maybe not...
August 15, 2014, 01:59:56 AM
Fixed contracts with discretionary bonus will be a tough sell I would think.
August 15, 2014, 12:43:36 AM
Labrat would you buy back bonds from original investors in this new plan?
August 14, 2014, 10:31:05 PM
So the new contracts for sale take their 100MH/s from the uncontracted pool immediately upon purchase? Or are they subject to a waiting period for the new hardware you plan on purchasing with it?
Also why does your sig say 130 TH/s uncontracted but the cex banner says 107 for the last 24 hours?
Also why does your sig say 130 TH/s uncontracted but the cex banner says 107 for the last 24 hours?
It would come from the un-contracted pool and you would immediately receive the benefits.
There was an issue at the mine that is in the process of being resolved. It should be closer to 150 once everything is perfect again.
August 14, 2014, 09:30:41 PM
After a long period of steady payouts, it's time to revamp. The company has surpassed 1600 BTC in payouts, the hashrate is in the 15 digit range, we've got a new shiny logo and website, so let's kick it up a notch.
There are a few things LRM has been looking into. These being:
To get some of these projects kicked off, the company is looking to secure additional funding. LabRatMining is going to be offering contracts at a discounted price to raise at least 500 BTC. Doing this will allow LRM to secure and begin operating new mining hardware between 25 and 75 cents a GH/s tripling or even quadrupling the total hashrate. If you have an opinion on whether to add Scrypt mining to the LabRatMining operation, please feel free to post on the BitcoinTalk Forums Thread.
Head on over to www.labratmining.com to check out the new website and contract purchase features.
There are a few things LRM has been looking into. These being:
- Great deals from Spondoolies and AntMiner
- MegaBigPower's Franchise Program (would launch Q1 2015)
- Scrypt Mining
To get some of these projects kicked off, the company is looking to secure additional funding. LabRatMining is going to be offering contracts at a discounted price to raise at least 500 BTC. Doing this will allow LRM to secure and begin operating new mining hardware between 25 and 75 cents a GH/s tripling or even quadrupling the total hashrate. If you have an opinion on whether to add Scrypt mining to the LabRatMining operation, please feel free to post on the BitcoinTalk Forums Thread.
Head on over to www.labratmining.com to check out the new website and contract purchase features.
Sounds good, but how will this affect the bonus payout we currently get? I think were what 21% paid back if you invested in the original IPO? I still have a LONG way to go to break even, and would really like to see that happen.
However I will be honest, I have no interest in buying anything else.
August 14, 2014, 08:20:12 PM
So the new contracts for sale take their 100MH/s from the uncontracted pool immediately upon purchase? Or are they subject to a waiting period for the new hardware you plan on purchasing with it?
Also why does your sig say 130 TH/s uncontracted but the cex banner says 107 for the last 24 hours?
Also why does your sig say 130 TH/s uncontracted but the cex banner says 107 for the last 24 hours?
August 14, 2014, 08:14:03 PM
Could you tell us what's going on with the Monarch order(s) or what your plan is if/when you get a refund?
Requested a refund (lets see how long it takes to receive it.) Those funds are being used with the funds to be raised to expand the mine.
August 14, 2014, 07:53:53 PM
Could you tell us what's going on with the Monarch order(s) or what your plan is if/when you get a refund?
August 14, 2014, 07:39:44 PM
After a long period of steady payouts, it's time to revamp. The company has surpassed 1600 BTC in payouts, the hashrate is in the 15 digit range, we've got a new shiny logo and website, so let's kick it up a notch.
There are a few things LRM has been looking into. These being:
To get some of these projects kicked off, the company is looking to secure additional funding. LabRatMining is going to be offering contracts at a discounted price to raise at least 500 BTC. Doing this will allow LRM to secure and begin operating new mining hardware between 25 and 75 cents a GH/s tripling or even quadrupling the total hashrate. If you have an opinion on whether to add Scrypt mining to the LabRatMining operation, please feel free to post on the BitcoinTalk Forums Thread.
Head on over to www.labratmining.com to check out the new website and contract purchase features.
There are a few things LRM has been looking into. These being:
- Great deals from Spondoolies and AntMiner
- MegaBigPower's Franchise Program (would launch Q1 2015)
- Scrypt Mining
To get some of these projects kicked off, the company is looking to secure additional funding. LabRatMining is going to be offering contracts at a discounted price to raise at least 500 BTC. Doing this will allow LRM to secure and begin operating new mining hardware between 25 and 75 cents a GH/s tripling or even quadrupling the total hashrate. If you have an opinion on whether to add Scrypt mining to the LabRatMining operation, please feel free to post on the BitcoinTalk Forums Thread.
Head on over to www.labratmining.com to check out the new website and contract purchase features.
August 14, 2014, 08:24:04 AM
I was waiting on something from someone and it looks like I'll have to go without it. News going out later today.
August 14, 2014, 07:51:44 AM
Me like ODD number
11th ! Can we get update Lab_Rat
11th ! Can we get update Lab_Rat
August 14, 2014, 01:45:13 AM
Then i am the 10th...
So are the news ready???
So are the news ready???
August 13, 2014, 05:29:37 PM
? ? ? ? ? ? ? ?
I guess bob is the 8th... so... I'll be the 9th... August 13, 2014, 01:04:35 PM
? ? ? ? ? ? ? ?
August 12, 2014, 10:27:45 PM
Hrm I thought I would be opening this thread to see debate about something new!
Wonder what's on the horizon.
Wonder what's on the horizon.
August 12, 2014, 10:16:16 PM
I'll be 7th. I think zach meant 10th or 11th inquiry -- it wasnt a reference to a date... ;-p
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