Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 242.

||bit

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Quote from: Bargraphics on September 16, 2013, 09:19:37 AM

Quote from: Lab_Rat on September 16, 2013, 09:16:53 AM

Quote from: Ashitank on September 16, 2013, 02:15:22 AM

I think price will be low till each share hashing power goes beyond atleast 100+ Mh/S as there are some other bonds/shares that are cheaper than LRM & provide more Mh/s per share compared to LRM, but LRM has great potential once each bond starts to go beyond 200 Mh/S per share..

The only issue is that it looks like were going to go from ~75MH/s per share straight up to at least 300+... I hope everyone is ok with that?

I have a lot of news on the way, hopefully some today, but some news is going to have to wait a little while to release.

is your estimated 300+ from a partial shipment of bitfury or are you still receiving other ASIC hardware?

I have the same question.

BKM

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Quote from: Lab_Rat on September 16, 2013, 09:16:53 AM

Quote from: Ashitank on September 16, 2013, 02:15:22 AM

I think price will be low till each share hashing power goes beyond atleast 100+ Mh/S as there are some other bonds/shares that are cheaper than LRM & provide more Mh/s per share compared to LRM, but LRM has great potential once each bond starts to go beyond 200 Mh/S per share..

The only issue is that it looks like were going to go from ~75MH/s per share straight up to at least 300+... I hope everyone is ok with that?

I have a lot of news on the way, hopefully some today, but some news is going to have to wait a little while to release.

Sounds great Lab_Rat!

No doubt you have already seen the Bitfury modding / tuning thread: https://bitcointalksearch.org/topic/guide-bitfury-miner-supporttuning-287590 but just in case not, there you go!

So great to see the BF community maximizing value on BF gear and sharing the benefits!

Ashitank

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Quote from: Lab_Rat on September 16, 2013, 09:16:53 AM

Quote from: Ashitank on September 16, 2013, 02:15:22 AM

I think price will be low till each share hashing power goes beyond atleast 100+ Mh/S as there are some other bonds/shares that are cheaper than LRM & provide more Mh/s per share compared to LRM, but LRM has great potential once each bond starts to go beyond 200 Mh/S per share..

The only issue is that it looks like were going to go from ~75MH/s per share straight up to at least 300+... I hope everyone is ok with that?

I have a lot of news on the way, hopefully some today, but some news is going to have to wait a little while to release.

Cant wait for that to happen soon enough Lab_Rat Cheesy

Bargraphics

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Every man is guilty of all the good he did not do.

Quote from: Lab_Rat on September 16, 2013, 09:16:53 AM

Quote from: Ashitank on September 16, 2013, 02:15:22 AM

I think price will be low till each share hashing power goes beyond atleast 100+ Mh/S as there are some other bonds/shares that are cheaper than LRM & provide more Mh/s per share compared to LRM, but LRM has great potential once each bond starts to go beyond 200 Mh/S per share..

The only issue is that it looks like were going to go from ~75MH/s per share straight up to at least 300+... I hope everyone is ok with that?

I have a lot of news on the way, hopefully some today, but some news is going to have to wait a little while to release.

is your estimated 300+ from a partial shipment of bitfury or are you still receiving other ASIC hardware?

Lab_Rat

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Activity: 599

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Token/ICO management

Quote from: Ashitank on September 16, 2013, 02:15:22 AM

I think price will be low till each share hashing power goes beyond atleast 100+ Mh/S as there are some other bonds/shares that are cheaper than LRM & provide more Mh/s per share compared to LRM, but LRM has great potential once each bond starts to go beyond 200 Mh/S per share..

The only issue is that it looks like were going to go from ~75MH/s per share straight up to at least 300+... I hope everyone is ok with that?

I have a lot of news on the way, hopefully some today, but some news is going to have to wait a little while to release.

||bit

hero member

Activity: 924

Merit: 506

Quote from: Ashitank on September 16, 2013, 02:15:22 AM

I think price will be low till each share hashing power goes beyond atleast 100+ Mh/S as there are some other bonds/shares that are cheaper than LRM & provide more Mh/s per share compared to LRM, but LRM has great potential once each bond starts to go beyond 200 Mh/S per share..

Hopefully this will be the case in one month. Assuming the BitFury hardware comes in.

Ashitank

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Activity: 560

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I think price will be low till each share hashing power goes beyond atleast 100+ Mh/S as there are some other bonds/shares that are cheaper than LRM & provide more Mh/s per share compared to LRM, but LRM has great potential once each bond starts to go beyond 200 Mh/S per share..

nwfella

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Well hello there!

Quote from: fractal02 on September 14, 2013, 06:00:42 PM

Quote from: BKM on September 14, 2013, 03:05:08 PM

Wow! LR wasn't kidding - 3.8 TH and climbing

http://labratstats.herokuapp.com/

oh yeah...this sums it up well

||bit

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Activity: 924

Merit: 506

Quote from: grnbrg on September 15, 2013, 06:34:37 PM

Quote from: bittymitty on September 15, 2013, 06:19:32 PM

I guess they couldn't make it in time and decided to skip to 130 nm. Now they are struggling with the 130 nm.

Heh.

I think I've heard this music before, but I can't quite put my finger on where....

grnbrg.

Yeah, I was working on a 1cm chip, I might have to go to 0.5cm now... Tongue

j/k... obviously enough I hope. Cool

grnbrg

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Official LRM shill

Quote from: bittymitty on September 15, 2013, 06:19:32 PM

I guess they couldn't make it in time and decided to skip to 130 nm. Now they are struggling with the 130 nm.

Heh.

I think I've heard this music before, but I can't quite put my finger on where....

grnbrg.

mmmerlin

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Activity: 266

Merit: 250

Quote from: bittymitty on September 15, 2013, 06:19:32 PM

From the Labcoin front page

"In early 2013 development of a 180 nm ASIC chip was started and in late spring this chip design became the foundation for the current development of and production of a highly competitive and cost effective 130 nm ASIC chip. This is the chip that the company now has secured production of for it's first ASIC Bitcoin miner product."

I guess they couldn't make it in time and decided to skip to 130 nm. Now they are struggling with the 130 nm.

Jesus, what a cock-up. This game ain't easy, and when you fail in it, you fail totally (in hardware R&D that is).

bittymitty

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From the Labcoin front page

"In early 2013 development of a 180 nm ASIC chip was started and in late spring this chip design became the foundation for the current development of and production of a highly competitive and cost effective 130 nm ASIC chip. This is the chip that the company now has secured production of for it's first ASIC Bitcoin miner product."

I guess they couldn't make it in time and decided to skip to 130 nm. Now they are struggling with the 130 nm.

mmmerlin

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Activity: 266

Merit: 250

Quote from: bittymitty on September 15, 2013, 05:26:15 PM

I think they are only producing chips for themselves. Yes they failed hard and made it worse with their bad posting. It was an amusing read over the weekend. I think the main issue is that even though they are using the less efficient 130nm chips, due to the early mining they could still make a good return. Now that they are behind that return is suffering. They still think they will have 500th by December but who knows....

Yikes. Looks like that had a v1 on 180nm. Do you know what happened to that? If they'd gone big on that a few months ago when it was supposed to be done they could have done quite well. Paying for two tapeouts at different nodes without commercializing the first at all is madness if it was functioning. Either way: Undecided

bittymitty

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I think they are only producing chips for themselves. Yes they failed hard and made it worse with their bad posting. It was an amusing read over the weekend. I think the main issue is that even though they are using the less efficient 130nm chips, due to the early mining they could still make a good return. Now that they are behind that return is suffering. They still think they will have 500th by December but who knows....

mmmerlin

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Activity: 266

Merit: 250

Quote from: bittymitty on September 15, 2013, 04:57:17 PM

Labcoin is making 130 nm asic miners but the missed the deadline they set for themselves to start hashing last week and then posted some fuzzy comments which crashed the price. They have now promised to release the mining address they are going to use on Wednesday so there was a small rebound of price. However they still wont start hashing properly till 30/10/13 so its anyone guess if it will work out or not!

Oh wow. Not meaning to be insensitive to anyone involved, but that sounds like a bit of a trainwreck... Undecided

Where/are they selling miners, or are they going to be mining with their own devices primarily with possibly some sales on the side à la ASICMiner?

EDIT: And thanks for the info bittymitty

bittymitty

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Labcoin is making 130 nm asic miners but the missed the deadline they set for themselves to start hashing last week and then posted some fuzzy comments which crashed the price. They have now promised to release the mining address they are going to use on Wednesday so there was a small rebound of price. However they still wont start hashing properly till 30/10/13 so its anyone guess if it will work out or not!

mmmerlin

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Activity: 266

Merit: 250

Quote from: runam0k on September 15, 2013, 03:29:16 PM

Quote from: ||bit on September 15, 2013, 12:20:09 PM

Quote from: runam0k on September 15, 2013, 10:28:38 AM

Two very different propositions. ActM hasn't really started yet - the share price reflects the potential of ActM over the next few months (i.e. once they start selling hardware and hashing with their own chips). Not to take anything away from LRM, which I think is a solid mining stock to hold.

I looked ,but couldn't find anything. Is there anything like a prospectus they have online? or Do you think most of the price activity is based guessing potential profitability?

BTW: If they make their own 28nm asic chips, it seems it would be very hard to compete with them as a cloud or virtual miner, since they'd have no markup on their chips.

No prospectus, just the details in the OP and at the exchanges. Price is tricky - my assessment is it's a bit low, most of the activity (in my mind) being people cashing out and some day traders stepping away too, likely burned by the recent Labcoin experience (ActM has similar communication/confidence issues). The key partnership with eASIC was confirmed (good news), but on the flip side there won't be much action over the next month or so, so plenty of time for people to buy back in (and assess the competition in the meantime). Disclaimer: I own shares in all three (Labcoin, ActM and LRM).

Sorry, I've been partially under a rock recently. Is there any chance you could summarise what Labcoin is/was and what happened with it in just a line or two? And feel free to tell me to not be so lazy and do my own homework, but if you already have a good overview of it all then it would save me loads of reading!

runam0k

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Activity: 1092

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Touchdown

Quote from: ||bit on September 15, 2013, 12:20:09 PM

Quote from: runam0k on September 15, 2013, 10:28:38 AM

Two very different propositions. ActM hasn't really started yet - the share price reflects the potential of ActM over the next few months (i.e. once they start selling hardware and hashing with their own chips). Not to take anything away from LRM, which I think is a solid mining stock to hold.

I looked ,but couldn't find anything. Is there anything like a prospectus they have online? or Do you think most of the price activity is based guessing potential profitability?

BTW: If they make their own 28nm asic chips, it seems it would be very hard to compete with them as a cloud or virtual miner, since they'd have no markup on their chips.

No prospectus, just the details in the OP and at the exchanges. Price is tricky - my assessment is it's a bit low, most of the activity (in my mind) being people cashing out and some day traders stepping away too, likely burned by the recent Labcoin experience (ActM has similar communication/confidence issues). The key partnership with eASIC was confirmed (good news), but on the flip side there won't be much action over the next month or so, so plenty of time for people to buy back in (and assess the competition in the meantime). Disclaimer: I own shares in all three (Labcoin, ActM and LRM).

||bit

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Activity: 924

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Quote from: runam0k on September 15, 2013, 10:28:38 AM

Two very different propositions. ActM hasn't really started yet - the share price reflects the potential of ActM over the next few months (i.e. once they start selling hardware and hashing with their own chips). Not to take anything away from LRM, which I think is a solid mining stock to hold.

I looked ,but couldn't find anything. Is there anything like a prospectus they have online? or Do you think most of the price activity is based guessing potential profitability?

BTW: If they make their own 28nm asic chips, it seems it would be very hard to compete with them as a cloud or virtual miner, since they'd have no markup on their chips.

bigasic

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From what I gather, LRM has just barely started as well. Granted, he is just mining and not producing product, but after looking at other mining companies, it seems like LRM is one of the best plans. Now, lets hope it works out like its supposed to.... Wink

From what I gather, he should be hashing at a much higher rate as soon as bitfury (I think thats the one) starts to deliver.. I just hope he can stay ahead of the difficulty without having to water down the shares. but if I read his biz plan, I dont think they can be watered down too much without reinvestment into more hardware....

I wish LRM luck. I just may have to get me some shares Cool

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 242. (Read 452180 times)