If BFL is on time for once, that would be great for us..
Don't hold your breath on that. If you want to hedge on this then I will offer bets that they fuck up again...
Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 231. (Read 452224 times)
September 26, 2013, 12:03:38 PM
Don't hold your breath on that. If you want to hedge on this then I will offer bets that they fuck up again...
September 26, 2013, 11:54:37 AM
well, if blackforest is on, 1 terahash will cost 1999.00 thats in feb. Granted, there is a bigger chance that they dont make either the time frame or spec. but if we are seeing sub 2k on 1 terahash, who knows what it will be by summer. But, lets talk about blackforest when they actually start shipping, lol..
Im surprised how fast they are getting and the price is dropping. Even if you just look at cointerra or hashfast, I would have thought it would have been late next year before we saw those type of numbers..
So, LRM purchased monarchs, correct? if so, how many? arent they in the first batch? If BFL is on time for once, that would be great for us..
Im surprised how fast they are getting and the price is dropping. Even if you just look at cointerra or hashfast, I would have thought it would have been late next year before we saw those type of numbers..
So, LRM purchased monarchs, correct? if so, how many? arent they in the first batch? If BFL is on time for once, that would be great for us..
September 26, 2013, 10:52:17 AM
the last couple difficulty changes were minor compared to the changes that will be coming our way.. get ready for huge difficulty increases, at least til the end of winter/spring... then it may level off, but who knows.. I have faith in LR...
I suspect retail price per GH will drop dramatically by summer. When/As that happens, miners will buy. There is a fundamental difference between what is coming verus past difficulty increases.
With GPU & FPGA mining the price/GH was tied to video cards or FPGA chips. And video cards and FPGA chips had margins - for the manufacturers - which were not tied to bitcoin mining difficulty.
In contrast, ASIC hardware manufacturers will be forced to lower prices. Expect a never ending cycle to the point that manufacturers will sell at just double the cost... which will be really low. Until that point, difficulty will just climb as fast as the various manufacturers can collectively pump them out.
I dont know if you guys have seen blackforest thread. I guess they are going to start shipping in feb at 1.99 per GH/s but thats a long way off, but we are going to see 1 terahash only cost a few hundred bucks by summer, if not less, the way the difficulty is going.. But, I don't know if id trust blackforest as of yet. but it shows whats going to be available from multiple companies, im sure...
(doesnt seem that long ago that my 10 fpga singles mined about 3 coins a day, those were the days..)
The more things like this become true, the more electricity becomes the limiting factor... You will never see terahashes for a hundred bucks without either also having increases in efficiency or BTC price by orders of magnitude.
September 26, 2013, 10:45:18 AM
the last couple difficulty changes were minor compared to the changes that will be coming our way.. get ready for huge difficulty increases, at least til the end of winter/spring... then it may level off, but who knows.. I have faith in LR...
I suspect retail price per GH will drop dramatically by summer. When/As that happens, miners will buy. There is a fundamental difference between what is coming verus past difficulty increases.
With GPU & FPGA mining the price/GH was tied to video cards or FPGA chips. And video cards and FPGA chips had margins - for the manufacturers - which were not tied to bitcoin mining difficulty.
In contrast, ASIC hardware manufacturers will be forced to lower prices. Expect a never ending cycle to the point that manufacturers will sell at just double the cost... which will be really low. Until that point, difficulty will just climb as fast as the various manufacturers can collectively pump them out.
I dont know if you guys have seen blackforest thread. I guess they are going to start shipping in feb at 1.99 per GH/s but thats a long way off, but we are going to see 1 terahash only cost a few hundred bucks by summer, if not less, the way the difficulty is going.. But, I don't know if id trust blackforest as of yet. but it shows whats going to be available from multiple companies, im sure...
(doesnt seem that long ago that my 10 fpga singles mined about 3 coins a day, those were the days..)
September 26, 2013, 09:44:56 AM
the last couple difficulty changes were minor compared to the changes that will be coming our way.. get ready for huge difficulty increases, at least til the end of winter/spring... then it may level off, but who knows.. I have faith in LR...
I suspect retail price per GH will drop dramatically by summer. When/As that happens, miners will buy. There is a fundamental difference between what is coming verus past difficulty increases.
With GPU & FPGA mining the price/GH was tied to video cards or FPGA chips. And video cards and FPGA chips had margins - for the manufacturers - which were not tied to bitcoin mining difficulty.
In contrast, ASIC hardware manufacturers will be forced to lower prices. Expect a never ending cycle to the point that manufacturers will sell at just double the cost... which will be really low. Until that point, difficulty will just climb as fast as the various manufacturers can collectively pump them out.
Can anyone make electronics cheaper than companies in China? If not, then logically China will take over production of miners. I think selling for a 100% markup is optimistic. The miner market will probably be cutthroat in a year or less.
Maybe an American company can come up with a new type of processor -- something based on a semiconductor that switches faster, or a replacement for semiconductors, but in the end it comes down to: who can make the most for the least, and cheap power.
Why do you think 100% markup is optimistic? Seems pretty normal if you ask me. Do you think it's optimistic of the customer on the low side, or of the manufacturer on the high side?
FWIW, and I haven't run the numbers (yet), but I am fairly sure they will turn out to say that electricity consumption will stop people buying miners no matter what their prices are long before manufacturers have to worry about profitability...
(this obviously assumes no huge increase in the BTC price amongst several other things)
September 26, 2013, 05:42:16 AM
the last couple difficulty changes were minor compared to the changes that will be coming our way.. get ready for huge difficulty increases, at least til the end of winter/spring... then it may level off, but who knows.. I have faith in LR...
I suspect retail price per GH will drop dramatically by summer. When/As that happens, miners will buy. There is a fundamental difference between what is coming verus past difficulty increases.
With GPU & FPGA mining the price/GH was tied to video cards or FPGA chips. And video cards and FPGA chips had margins - for the manufacturers - which were not tied to bitcoin mining difficulty.
In contrast, ASIC hardware manufacturers will be forced to lower prices. Expect a never ending cycle to the point that manufacturers will sell at just double the cost... which will be really low. Until that point, difficulty will just climb as fast as the various manufacturers can collectively pump them out.
Can anyone make electronics cheaper than companies in China? If not, then logically China will take over production of miners. I think selling for a 100% markup is optimistic. The miner market will probably be cutthroat in a year or less.
Maybe an American company can come up with a new type of processor -- something based on a semiconductor that switches faster, or a replacement for semiconductors, but in the end it comes down to: who can make the most for the least, and cheap power.
Why do you think 100% markup is optimistic? Seems pretty normal if you ask me. Do you think it's optimistic of the customer on the low side, or of the manufacturer on the high side?
September 26, 2013, 03:05:51 AM
the last couple difficulty changes were minor compared to the changes that will be coming our way.. get ready for huge difficulty increases, at least til the end of winter/spring... then it may level off, but who knows.. I have faith in LR...
I suspect retail price per GH will drop dramatically by summer. When/As that happens, miners will buy. There is a fundamental difference between what is coming verus past difficulty increases.
With GPU & FPGA mining the price/GH was tied to video cards or FPGA chips. And video cards and FPGA chips had margins - for the manufacturers - which were not tied to bitcoin mining difficulty.
In contrast, ASIC hardware manufacturers will be forced to lower prices. Expect a never ending cycle to the point that manufacturers will sell at just double the cost... which will be really low. Until that point, difficulty will just climb as fast as the various manufacturers can collectively pump them out.
Can anyone make electronics cheaper than companies in China? If not, then logically China will take over production of miners. I think selling for a 100% markup is optimistic. The miner market will probably be cutthroat in a year or less.
Maybe an American company can come up with a new type of processor -- something based on a semiconductor that switches faster, or a replacement for semiconductors, but in the end it comes down to: who can make the most for the least, and cheap power.
September 26, 2013, 02:44:49 AM
the last couple difficulty changes were minor compared to the changes that will be coming our way.. get ready for huge difficulty increases, at least til the end of winter/spring... then it may level off, but who knows.. I have faith in LR...
I suspect retail price per GH will drop dramatically by summer. When/As that happens, miners will buy. There is a fundamental difference between what is coming verus past difficulty increases.
With GPU & FPGA mining the price/GH was tied to video cards or FPGA chips. And video cards and FPGA chips had margins - for the manufacturers - which were not tied to bitcoin mining difficulty.
In contrast, ASIC hardware manufacturers will be forced to lower prices. Expect a never ending cycle to the point that manufacturers will sell at just double the cost... which will be really low. Until that point, difficulty will just climb as fast as the various manufacturers can collectively pump them out.
September 26, 2013, 02:27:13 AM
Difficulty increased by 125% in the past 30 days.
Not sure what your point is by stating an obvious fact..... At least also illustrate a relevant comparison with the correlating increase in LRM hash rate in the last 30 days
LRM hash rate increased by 200% in the past 30 days. The difference is that LRM is still starting up. When the first 60GH went online, it increased an ∞ percentage.
Yes, I realize difficulty will slow down too.
September 26, 2013, 02:13:13 AM
Difficulty increased by 125% in the past 30 days.
Increase is only 71%. Do your homework.Sorry, I already did, and will even help you with yours....
Recorded difficulty values can be seen here:
https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=0
Note that current difficulty is actually 148,819,200
Now, calculate the percentage increase from 65,750,060 to 148,819,200
September 26, 2013, 01:00:45 AM
don't worry summer is coming after that 
September 26, 2013, 12:00:25 AM
the last couple difficulty changes were minor compared to the changes that will be coming our way.. get ready for huge difficulty increases, at least til the end of winter/spring... then it may level off, but who knows.. I have faith in LR...
September 25, 2013, 11:36:16 PM
Difficulty increased by 125% in the past 30 days.
Increase is only 71%. Do your homework. 
September 25, 2013, 09:48:22 PM
Difficulty increased by 125% in the past 30 days.
Not sure what your point is by stating an obvious fact..... At least also illustrate a relevant comparison with the correlating increase in LRM hash rate in the last 30 days
September 25, 2013, 08:59:30 PM
Difficulty increased by 125% in the past 30 days.
September 25, 2013, 08:41:59 PM
Updating the website. Got a few updates on the homepage and updating the current hashrate page right now.
~5.15TH/s right now.
Dividends will continue to be paid out. You will see dividends on the hashrate currently in hand no matter what, but when the BitFury equipment comes in. That hashrate will be pointed separately and those funds will be used to purchase further hardware. You will not see a stop in dividends, just no increase for ~2 weeks from the time I receive the BitFury equipment (which should be soon).
~5.15TH/s right now.
Dividends will continue to be paid out. You will see dividends on the hashrate currently in hand no matter what, but when the BitFury equipment comes in. That hashrate will be pointed separately and those funds will be used to purchase further hardware. You will not see a stop in dividends, just no increase for ~2 weeks from the time I receive the BitFury equipment (which should be soon).
That's a nice little extra bump. Is that the last expected until the BitFury gear arrives?
September 25, 2013, 02:02:40 PM
Thanks for the update Lab_Rat!
September 25, 2013, 01:43:31 PM
Updating the website. Got a few updates on the homepage and updating the current hashrate page right now.
~5.15TH/s right now.
Dividends will continue to be paid out. You will see dividends on the hashrate currently in hand no matter what, but when the BitFury equipment comes in. That hashrate will be pointed separately and those funds will be used to purchase further hardware. You will not see a stop in dividends, just no increase for ~2 weeks from the time I receive the BitFury equipment (which should be soon).
~5.15TH/s right now.
Dividends will continue to be paid out. You will see dividends on the hashrate currently in hand no matter what, but when the BitFury equipment comes in. That hashrate will be pointed separately and those funds will be used to purchase further hardware. You will not see a stop in dividends, just no increase for ~2 weeks from the time I receive the BitFury equipment (which should be soon).
September 24, 2013, 11:11:49 AM
Hi all,
I have a question concerning BitFunder. I seem to remember a post somewhere which talked about what happens if bitfunder closed down (something about LabRat having an audit trail of email + number of shares).
Can some one point me to this information? This is the one thing that is stopping me from investing further.
Cheers
Democratic Republic Of Dave.
I have a question concerning BitFunder. I seem to remember a post somewhere which talked about what happens if bitfunder closed down (something about LabRat having an audit trail of email + number of shares).
Can some one point me to this information? This is the one thing that is stopping me from investing further.
Cheers
Democratic Republic Of Dave.
Dave,
https://bitfunder.com/assetlist
This URL shows every bitfunder asset with the associated BTC address of the owner. LabRat will
always know exactly who owns what in his fund.
Thanks,
Rustyh17
Hi Rustyh17,
got it - Thanks.
Dave
September 24, 2013, 10:51:25 AM
Transparency is key.... In regards to merged mining, a couple months ago, I was earning at least an extra 10 percent mining namecoins, but people have caught on, now you are lucky to get 3 percent, but at least it will pay for your mining fees that btc guild charges..So, its probably a good idea to mine if your at a pool that charges, but if not, I wouldn't worry too much about merged mining... At least if we are mining at btc-guild, we should break even on the fees that they charge, maybe make a tiny tiny bit, if we are lucky.. but the main thing is making enough extra to pay for the pool fees, which we should be doing at btc-guild...
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