Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 245.

Bargraphics

hero member

Activity: 518

Merit: 500

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

Cointerra just sent this email

Quote

Dear Mining entusiast,

We are excited to announce our second batch of specialized ASIC mining equipment for early January 2014 delivery.

There is a new product that is being launched in the January batch, the 1 TH/s TerraMiner II, which sells for $3499.

There is also the TerraMiner IV retailing for $5999 in the January batch. That makes it the first mining equipment to break the $3 per Gigahash barrier!

Both products feature CoinTerra's 500 GH/s GoldStrike1 chip, which is already the fastest chip announced in the Bitcoin market. Physical Design results for GoldStrike1 show that some of these chips can perform as high as 700 Gh/s. There is a possibility that at the time of delivery customers may be offered an option to upgrade their TerraMiner for a small fee, further lowering the cost per Gigahash.

Best wishes,

CoinTerra Sales Team

Lab_Rat better start cancelling those Monarchs.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: ||bit on September 12, 2013, 12:36:48 AM

Labrat,

I'd like to suggest finding an entity willing to take your Butterfly Lab's Monarch order position in order to purchase more Bit Fury hardware. There is a feature on the BFL website to transfer orders to others now. I think you would agree, correct me if wrong, that $66,000 more of Bit Fury hardware sooner would be far better than Monarchs in February or March. Plus, I think Dave would redirect you another 400GH since that would be more than $50,000 more ordered. Seems a good business move.

If you like this idea. Post a forum thread. And if you want, I think we can beat the bushes for you to find a taker to assume your earlier Monarch order position at cost. Since it's paid, if you used a discount voucher, you might be allowed to keep that as profit for LRM. Wink

A nice idea, but I think you'd need to let the discount voucher apply to the order and not keep the difference as profit, otherwise you'll really struggle to find a buyer. I mean, who pays face value for BFL hardware?

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: Lab_Rat on September 11, 2013, 11:48:19 PM

Got a lot of good news on the way, some of it I just can't release yet. I probably should take a day off every couple weeks though shouldn't I? Wink

Whooa just a minute there mister!! Lab Rat's don't get day's off!!
Vacation request...Denied!!! Tongue

*On a serious note though: absolutely you should take a day off once in awhile...preferably non-delivery days Wink

||bit

hero member

Activity: 924

Merit: 506

Labrat,

I'd like to suggest finding an entity willing to take your Butterfly Lab's Monarch order position in order to purchase more Bit Fury hardware. There is a feature on the BFL website to transfer orders to others now. I think you would agree, correct me if wrong, that $66,000 more of Bit Fury hardware sooner would be far better than Monarchs in February or March. Plus, I think Dave would redirect you another 400GH since that would be more than $50,000 more ordered. Seems a good business move.

If you like this idea. Post a forum thread. And if you want, I think we can beat the bushes for you to find a taker to assume your earlier Monarch order position at cost. Since it's paid, if you used a discount voucher, you might be allowed to keep that as profit for LRM. Wink

||bit

hero member

Activity: 924

Merit: 506

Good thing bitcoin value seems to be rallying on the exchanges. That means LR can purchase more hardware when he places it with Dave soon.

||bit

hero member

Activity: 924

Merit: 506

Quote from: Lab_Rat on September 11, 2013, 11:48:19 PM

Got a lot of good news on the way, some of it I just can't release yet. I probably should take a day off every couple weeks though shouldn't I? Wink

How soon might this release happen? Let's call it release "R 1.0". That way you can reference to what you are thinking about here.

bittymitty

sr. member

Activity: 294

Merit: 250

I hear Fiji is nice this time of year

just make sure you leave someone behind to whip the miners for you.

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

Got a lot of good news on the way, some of it I just can't release yet. I probably should take a day off every couple weeks though shouldn't I? Wink

bittymitty

sr. member

Activity: 294

Merit: 250

Keep up the good work Lab_Rat.

Make sure you don't overheat yourself with all the hard work!

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

Quick updates while I have ~3 seconds.

This weekend will be the last weekend there is a deduction from divs due to the double payout.

A few updates, a lucky day at the pool netted ~18 BTC. Currently at ~62.7 BTC for the week, where it goes from here is based on luck.

Now that 54000 BTUs of fresh AC was installed in the hosting location (finished earlier today) I moved the hardware back in and it should be nice and cool.

Been pushing 2.65-2.7TH the past couple days, but ~600GH had to be shut off for ~8 hours while the work was being done to avoid getting dust in the units.

There is a large deal in the works that could land a very sizable amount of hardware for the company, we'll see how it works out.

Dave should be pointing some gear at LRM by the 15th as per our deal. It currently looks to be at least 800GH/s.

BFL Single issues: there were problems with 2 singles, got one to work and the other has a replacement on it's way.

More hardware on it's way in the TH range, should be here by the end of this week or beginning of next.

And to all of those people out there who are concerned, I will not be placing any further orders with BFL as has been my intention.

bittymitty

sr. member

Activity: 294

Merit: 250

Like any good dictatorship you have to rule with an iron fist so anyone that doesn't agree goes to the gulag for life with their family.

So we all give up our earnings to grow the mine indefinitely until which time LRJU decides it is big enough to start paying out dividends to the people. The people then become infinitely rich and bathe in milk and honey.

Now we all agree this is a good idea right?

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bittymitty on September 11, 2013, 06:50:33 PM

So is this a dictatorship led by Labrat Jong-un?

Long live our blessed leader and may the BTC be forever flowing

No, I imagine that he'd be perfectly receptive to a 100% vote, but I don't think it's fair on other bond holders to introduce an "I've had an idea - let's vote on it" policy retrospectively, even if a majority agree to it. It wasn't in the initial plan, and if people didn't agree to it at the outset then you can't change to it unless it's unanimous.

But I may be thinking about this incorrectly, and I'm not a person who doesn't listen to reason, so if you can explain why this sort of thing should be OK then I'm perfectly receptive to a good explanation...

But yes, watch your tone, Lab_Rat-Jong-Un, or LRJU as he will now be known, has his spies everywhere, you'll never be safe... Lips sealed

All that said, if you do want a 50% majority you've only got to persuade about 10 people, the problem lies in finding out who they are...

||bit

hero member

Activity: 924

Merit: 506

Quote from: bittymitty on September 11, 2013, 06:50:33 PM

So is this a dictatorship led by Labrat Jong-un?

Long live our blessed leader and may the BTC be forever flowing

You better watch your tone. Cool

bittymitty

sr. member

Activity: 294

Merit: 250

So is this a dictatorship led by Labrat Jong-un?

Long live our blessed leader and may the BTC be forever flowing

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bittymitty on September 11, 2013, 06:29:45 PM

1 bond = 1 vote 51% majority wins.

go

This isn't happening by the way, but even if it was, the only fair way to do it would be to have an absolute 51% voting in favour of making the change, as opposed to 51% of the votes collected, as you'd have to assume that people who haven't seen this thread or who abstain from voting are voting to keep the status quo.

Also, it's not a democracy, so you'd actually need 100% of the votes, as the contracts don't allow for this kind of funny business!

bittymitty

sr. member

Activity: 294

Merit: 250

1 bond = 1 vote 51% majority wins.

go

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

People are very "Touchy" in this thread.

Let's get back to the old times of just Cheering on Lab_Rat for getting more hashing power.

I personally don't care much for the politics of "Securities" and "Adult Investors" although I'm sure there is a thread that better suits that topic.

@Lab_Rat,

Any significant shareholders buying in? Are you getting more money together to purchase additional power from bitfury? Spread the good news!

I think having a forum for reasoned debate about anything is important, and I don't think people have gone off-topic enough to warrant a fork.

And yes, a lot of capital has been raised I believe, see previous posts about the several thousand private bond shares recently, not all of which was for hardware in hand...

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bittymitty on September 11, 2013, 06:24:16 PM

I would actually be happy for 100% of the dividends to be reinvested for a few weeks. This would boost the hash rate a lot.
Maybe we can have a shareholder vote for this?

a) Let's not, but b) would they be weighted by holding?

Bargraphics

hero member

Activity: 518

Merit: 500

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

http://labratstats.herokuapp.com/ Updating Lab Rat Hashrate - Courtesy of twmz

bittymitty

sr. member

Activity: 294

Merit: 250

I would actually be happy for 100% of the dividends to be reinvested for a few weeks. This would boost the hash rate a lot.
Maybe we can have a shareholder vote for this?

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 245. (Read 452180 times)