Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 248.

Epoch

legendary

Activity: 922

Merit: 1003

Quote from: bittymitty on September 10, 2013, 05:49:04 PM

I like it when the price dips, it gives me a chance to get more cheap shares

Careful! There will be temporary ups and downs, but the long-term trend of mining bonds in a market where difficulty is skyrocketing has no where to go but down. Why do you think you can buy block eruptors for $19 now? And guess what: you'll be able to buy them for $15 next week.

Bargraphics

hero member

Activity: 518

Merit: 500

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

Quote from: twmz on September 10, 2013, 09:54:15 PM

Well, until Lab_Rat comes up with something of his own...

http://labratstats.herokuapp.com/

Note, the pool is calculating this hashrate based on submitted shares, so it is subject to good/bad luck of the miner and therefore fluctuates a bit.

Thank you!

twmz

hero member

Activity: 737

Merit: 500

Well, until Lab_Rat comes up with something of his own...

http://labratstats.herokuapp.com/

Note, the pool is calculating this hashrate based on submitted shares, so it is subject to good/bad luck of the miner and therefore fluctuates a bit.

Bargraphics

hero member

Activity: 518

Merit: 500

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

Quote from: ||bit on September 10, 2013, 09:07:09 PM

Quote from: bittymitty on September 10, 2013, 06:09:34 PM

I think that Labrat bought 3 minirigs from BFL at 22k each after the IPO finished and he said he would look at converting them to Monarchs. However he has not commented since that time if he actually did buy monarchs or not.

I would not be happy for him to invest any more in BFL especially now that any order made would be a Feb or later delivery.

It would be good to have a breakdown of exactly what has been ordered and from whom. Then we could make an educated guess on the future returns.

I would love for LR to get a refund on the Monarch orders and apply that all towards BitFury hardware instead. Would you rather have Monarchs in February or Bitfury in October? Sure, Monarchs are retailing at $8/GH and BitFury at $20/GH... but difficulty is the equalizer here... just consider the 70% increase per month, and more hardware coming out soon. Sitting and waiting for network gridlock might be the best bet. You might be able to buy a 2 TH miner for $2,000 next spring.

I also agree with this but I highly doubt a refund can be gotten from BFL hah.

That being said if KnC Delivers at the end of this month like they said they would, their november units are $5,000 for 500GH (Yes one of their employees recently confirmed they will be 500GH units not 400GH)
If you buy 10 Units you get 1 Free, If you buy 25 Units I think you get into Bulk Pricing as well as the Free Units making them less than $9/GH with delivery in mid November. Hashfast has their second batch at $8.75/each for the very end of November.

We will find out in less than 20 days if KnC can pull it off, Hashfast will have to wait for over another month I believe

||bit

hero member

Activity: 924

Merit: 506

Quote from: bittymitty on September 10, 2013, 06:09:34 PM

I think that Labrat bought 3 minirigs from BFL at 22k each after the IPO finished and he said he would look at converting them to Monarchs. However he has not commented since that time if he actually did buy monarchs or not.

I would not be happy for him to invest any more in BFL especially now that any order made would be a Feb or later delivery.

It would be good to have a breakdown of exactly what has been ordered and from whom. Then we could make an educated guess on the future returns.

I would love for LR to get a refund on the Monarch orders and apply that all towards BitFury hardware instead. Would you rather have Monarchs in February or Bitfury in October? Sure, Monarchs are retailing at $8/GH and BitFury at $20/GH... but difficulty is the equalizer here... just consider the 70% increase per month, and more hardware coming out soon. Sitting and waiting for network gridlock might be the best bet. You might be able to buy a 2 TH miner for $2,000 next spring.

||bit

hero member

Activity: 924

Merit: 506

Quote from: bittymitty on September 10, 2013, 05:49:04 PM

I like it when the price dips, it gives me a chance to get more cheap shares

Does anyone know if Labrat is buying any Hashfast or Cointerra chips. I have only heard about Bfl and Bitfury chips so far.

If HashFast can deliver the time they said, they would be the best (at least 28nm) to have ordered.

Otherwise, I think Cointerra would probably be the best in the 28nm. But unless you can get very good institutional prices and/or Cointerra delivers in December, they are quite risky at retail costs.

http://mining.thegenesisblock.com/a/137f27091a

BitFury actually delivers sooner (which is super important), and can achieve some near 28nm efficiency from their 55nm chips - $20/GH and approaching 1W/GH, and I think there has been talk of even lower W/GH values if underclocked. However, I'm hoping LR get's some buying leverage from BitFury. He is at least getting some benefit from Dave (the stateside BitFury distributor) doing some mining for LR using his personal hardware. But I'm anticipating that LR is going to get some institutional prices at the quantities he is ordering - he probably should be, as that's normal business.

Hope that LR get's the BitFury hardware in the first couple weeks of October, if not sooner.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bittymitty on September 10, 2013, 06:09:34 PM

I think that Labrat bought 3 minirigs from BFL at 22k each after the IPO finished and he said he would look at converting them to Monarchs. However he has not commented since that time if he actually did buy monarchs or not.

I would not be happy for him to invest any more in BFL especially now that any order made would be a Feb or later delivery.

It would be good to have a breakdown of exactly what has been ordered and from whom. Then we could make an educated guess on the future returns.

Yeah, $22k for 500GH/s minirigs is looking horrible now. It would be worth converting them to Monarchs no matter when they are delivered, but it would be even better to release the funds for some other purpose tbh.

I don't think we'll be getting a breakdown at the very least until the BitFury deal is finalised/delivered, and even then I don't think we'll get a retrospective one as some of the details about the deals up until that point probable won't be disclosable. However, once that h/w is in hand, I think it would be reasonable to expect a plan outlining how the remaining funds are being allocated... Hopefully we can get word on whether to expect this, and perhaps some milestones we can expect before then.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: Bargraphics on September 10, 2013, 06:06:16 PM

Quote from: mmmerlin on September 10, 2013, 05:55:30 PM

Well if he's counting on buying a significant number of BFL Monarchs then you can count me out. If I had to bet on someone I'd be going CoinTerra all the way, but hey, that's just my opinion.

It's a shame that this new deal seems to be having this effect on the market, but as you say, it should last too long. It's not an easy optimisation problem, judging whether to go big on BitFurt that you know will arrive on time, on spec and which you're at the start of the line for, or to go for CoinTerra which will give the efficiency to mine into the furute, or how to split between the two. Once I have a bit more time on my hands I will try to formulate it as an actual maths problem and solve it for several sets of initial assumptions, but that won't be for a few weeks yet I'm afraid.

I know he does have some BFL Monarchs ordered but only because he had a coupon with them and got a good deal even if they are in february.

Lab_Rat doesn't want to take chances with the BTC he has raised he would rather have guaranteed hashrate that might be considered a little expensive than pre-order something that can be delayed which is why he didn't order many monarchs and is focusing on Bitfury.

That, and because the deal he has the Bitfury is pretty damn sweet IMO!

bittymitty

sr. member

Activity: 294

Merit: 250

I think that Labrat bought 3 minirigs from BFL at 22k each after the IPO finished and he said he would look at converting them to Monarchs. However he has not commented since that time if he actually did buy monarchs or not.

I would not be happy for him to invest any more in BFL especially now that any order made would be a Feb or later delivery.

It would be good to have a breakdown of exactly what has been ordered and from whom. Then we could make an educated guess on the future returns.

Bargraphics

hero member

Activity: 518

Merit: 500

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

Quote from: mmmerlin on September 10, 2013, 05:55:30 PM

Well if he's counting on buying a significant number of BFL Monarchs then you can count me out. If I had to bet on someone I'd be going CoinTerra all the way, but hey, that's just my opinion.

It's a shame that this new deal seems to be having this effect on the market, but as you say, it should last too long. It's not an easy optimisation problem, judging whether to go big on BitFurt that you know will arrive on time, on spec and which you're at the start of the line for, or to go for CoinTerra which will give the efficiency to mine into the furute, or how to split between the two. Once I have a bit more time on my hands I will try to formulate it as an actual maths problem and solve it for several sets of initial assumptions, but that won't be for a few weeks yet I'm afraid.

I know he does have some BFL Monarchs ordered but only because he had a coupon with them and got a good deal even if they are in february.

Lab_Rat doesn't want to take chances with the BTC he has raised he would rather have guaranteed hashrate that might be considered a little expensive than pre-order something that can be delayed which is why he didn't order many monarchs and is focusing on Bitfury.

mmmerlin

sr. member

Activity: 266

Merit: 250

Well if he's counting on buying a significant number of BFL Monarchs then you can count me out. If I had to bet on someone I'd be going CoinTerra all the way, but hey, that's just my opinion.

It's a shame that this new deal seems to be having this effect on the market, but as you say, it should last too long. It's not an easy optimisation problem, judging whether to go big on BitFurt that you know will arrive on time, on spec and which you're at the start of the line for, or to go for CoinTerra which will give the efficiency to mine into the furute, or how to split between the two. Once I have a bit more time on my hands I will try to formulate it as an actual maths problem and solve it for several sets of initial assumptions, but that won't be for a few weeks yet I'm afraid.

bittymitty

sr. member

Activity: 294

Merit: 250

I like it when the price dips, it gives me a chance to get more cheap shares

Does anyone know if Labrat is buying any Hashfast or Cointerra chips. I have only heard about Bfl and Bitfury chips so far.

Bargraphics

hero member

Activity: 518

Merit: 500

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

Quote from: bittymitty on September 10, 2013, 05:39:10 PM

I would speculate the price slump is people cashing out shares they have acquired from hardware. They can turn a quick profit and still have plenty of shares left to get dividends from later.

Lets hope the next dividend is substantial enough to bring the price back up.

Once the bitfury deal is done and Lab_Rat announces precise dates on Hardware Arrival and how much. This is when you will see the Market push the share price to where it should be.

bittymitty

sr. member

Activity: 294

Merit: 250

I would speculate the price slump is people cashing out shares they have acquired from hardware. They can turn a quick profit and still have plenty of shares left to get dividends from later.

Lets hope the next dividend is substantial enough to bring the price back up.

Bargraphics

hero member

Activity: 518

Merit: 500

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

Quote from: mmmerlin on September 10, 2013, 05:22:41 PM

Well, this seems to be the first time there's been what I would consider a meaningful slump in share prices (as opposed to the anomalies caused by low trade volume before). Any ideas on what's causing this anyone?

It was announced that Lab_Rat would give % off for bulk shares based on Market Price.

I imagine someone interested in doing this has a very good reason to sell all the way down to 0.16, making that the market price and then buying in bulk from Lab_Rat at %10-15 less (.136 - .144) making money on selling and buying direct from Lab_Rat.

Thankfully this can only be done for a short period of time at which the market will stabilize once Lab_Rat takes this offer off the table.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Quote from: mmmerlin on September 09, 2013, 05:50:33 PM

Quote from: ?? on ??

Quote from: mmmerlin on September 09, 2013, 05:40:40 PM

I agree with much of what you are saying, but I was being reticent before and left myself a little open to attack; most of the obligations are pretty clearly defined in the contracts that were signed.

Out of interest though, who are the "known shills" you are referring to?

Feel free to PM if you don't want to call people out in public, though I have a feeling this is not something you're going to be too worried about Wink

Please do not poke the troll. Thank you.

Lol, I have seen him post perfectly reasonable and sometimes rather insightful things. He may have a bit of an acid tongue on him at times (perhaps a bit of an understatement), but be careful not to throw the baby out with the bath-water...

I'm not one to dig through mounds of dirt to find a single diamond.

I think you've done me out of an answer... Cry

mmmerlin

sr. member

Activity: 266

Merit: 250

Well, this seems to be the first time there's been what I would consider a meaningful slump in share prices (as opposed to the anomalies caused by low trade volume before). Any ideas on what's causing this anyone?

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: a2offrb on September 10, 2013, 01:47:07 PM

Quote from: twmz on September 07, 2013, 10:03:24 AM

Quote from: ICantThinkOfaName on September 07, 2013, 07:09:08 AM

I feel like we've had a lack of communication this week. Especially seeing as how if Bit Fury is shipping, we should be seeing some decent increases in hashrate, between hardware purchases and contracted hardware. While it's nice to see pictures and all, it would be nicer if the level of communication increased, if only on the "Such and such added to the hashrate today." If you want to keep selling shares, Lab Rat, you need to keep up the communication of hashrate increses. Hell, just updating your site with the latest numbers would do it. I think the rest of LRM shareholders would disseminate information pretty quickly from there. Maybe let grnbrg handle to communication end since he seems to be "in the know"?

FYI, the hashrate shown at the private pool for LabRat is now 1.83 TH/s.

There is an API now for the pool that could be used to dynamically read the current hashrate. If LabRat doesn't update his website in the next few days to start using the API (instead of requiring manual updates), then I'll put something together.

MayBe api based android widget could be done for LRM to see real time mining speed?

A bit OTT, no? I think I'd settle for having a link on a website to follow, and would rather LR didn't waste his time knocking up what is, IMHO, a fairly pointless app... No offense.

a2offrb

full member

Activity: 453

Merit: 101

RISE WITH RAYS FOR THE FUTURE

Quote from: twmz on September 07, 2013, 10:03:24 AM

Quote from: ICantThinkOfaName on September 07, 2013, 07:09:08 AM

I feel like we've had a lack of communication this week. Especially seeing as how if Bit Fury is shipping, we should be seeing some decent increases in hashrate, between hardware purchases and contracted hardware. While it's nice to see pictures and all, it would be nicer if the level of communication increased, if only on the "Such and such added to the hashrate today." If you want to keep selling shares, Lab Rat, you need to keep up the communication of hashrate increses. Hell, just updating your site with the latest numbers would do it. I think the rest of LRM shareholders would disseminate information pretty quickly from there. Maybe let grnbrg handle to communication end since he seems to be "in the know"?

FYI, the hashrate shown at the private pool for LabRat is now 1.83 TH/s.

There is an API now for the pool that could be used to dynamically read the current hashrate. If LabRat doesn't update his website in the next few days to start using the API (instead of requiring manual updates), then I'll put something together.

MayBe api based android widget could be done for LRM to see real time mining speed?

maqifrnswa

sr. member

Activity: 454

Merit: 252

Quote from: ?? on ??

I'm not one to dig through mounds of dirt to find a single diamond.

but we will dig through billions of nonces to find a hash

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 248. (Read 452180 times)