To avoid a large cut in this weeks dividends, I've decided to spread out the recovering of last weeks double payout over a couple weeks.
Dividends were just paid: 41,414 @ ฿0.00066604 for a total of ฿27.58338056.
Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 253. (Read 452224 times)
August 31, 2013, 09:58:23 AM
August 30, 2013, 06:35:21 PM
Remember - LRM is agnostic as to hardware producers..... others (I.E. ASICMINER and ICEDRILL) are not.
Also, I cannot understand for a second how a company like LRM is valued so low compared to ASICMINER, ACTIVEMINING when it is paying much higher dividends.
And, don't get me started about ICEDRILL - going to mine in November (maybe) and has a BTC42,360 market cap.
LRM has a BTC9,318 market cap, is mining now and paying dividends.
Such as smart move for Zach to move to market pricing as his total yield from the IPO should be much greater than anticipated.
He just needs some help communicating this out to the BTC world..... every shareholder should be beating the drum in forums etc to get people to look at this as an option to compare against other cloud miners......
No question in my mind that LRM is the best value going now.
Also, I cannot understand for a second how a company like LRM is valued so low compared to ASICMINER, ACTIVEMINING when it is paying much higher dividends.
And, don't get me started about ICEDRILL - going to mine in November (maybe) and has a BTC42,360 market cap.
LRM has a BTC9,318 market cap, is mining now and paying dividends.
Such as smart move for Zach to move to market pricing as his total yield from the IPO should be much greater than anticipated.
He just needs some help communicating this out to the BTC world..... every shareholder should be beating the drum in forums etc to get people to look at this as an option to compare against other cloud miners......
No question in my mind that LRM is the best value going now.
I quite agree, go spread the word! Big things are on the horizon!
August 30, 2013, 06:34:31 PM
I agree with everything except the first sentence, as that seems to contradict everything else you've said.
Given everything else is true (which I think it is), how do you conclude that BFL is still competitive (even assuming they deliver on time and on spec, which I will wager heavily against them doing.)?
Given everything else is true (which I think it is), how do you conclude that BFL is still competitive (even assuming they deliver on time and on spec, which I will wager heavily against them doing.)?
I think they are competitive in a narrow sense... usually pricing (except in these last days of their 65nm product) & maybe in the area of keeping customers on the hook (not that that is a good thing - but it is a kind of fighting spirit). This might be a different kind of competitiveness than you are thinking... there might be a better word for it. Anyway, historically, they have had the best (most efficient) products. Here are a few examples of their competitiveness:
1. BFL's FPGA Singles were the best price for GH of all sources.
2. When Avalon came out with their better pricing than BFL. Shortly thereafter, BFL matched the GH/$. It was a significant change to their price:performance.
3. Of the several companies promising 28nm products, BFL is second in price + performance.
But despite that, I don't think they will be able to keep up with Cointerra. BFL will probably end up in their shadow.
HashFast(HF) also has my attention, their pricing is about double BFL, but HF may be one of the first to deliver.
Oh right, yes, perhaps a slight misunderstanding then. Historically they have been 100% competitive, or rather, the total leader (IMHO) for pretty much the whole post-GPU era. And I also completely agree, in terms of keeping people on the hook (or stringing them along) they are uniquely skilled!
CoinTerra has it all though, and BFL will be crushed pretty soon, I'm sure. The only way they will remain in anyone's shadow is through their ability to string people along. CoinTerra have a working prototype and BFL haven't even taped out yet. CoinTerra have all the experience, BFL have a little, but a history of fuck-ups. It's only the fact that they're getting people to commit now that they will stay in business.
It's an underhanded tactic, but an understandable one. It's a weird situation where people have to offer preorders or they'll lose market share, and it's a viscious cycle that's keeping it this way. I don't blame BFL for trying to keep their customers with great promises which they'll never be able to deliver on time and on spec/budget, for one simple reason: fool me once, shame on you; fool me twice, shame on me. BFL customers who switch now can't claim not to have known who they were getting in bed with this time...
August 30, 2013, 05:54:10 PM
Remember - LRM is agnostic as to hardware producers..... others (I.E. ASICMINER and ICEDRILL) are not.
Also, I cannot understand for a second how a company like LRM is valued so low compared to ASICMINER, ACTIVEMINING when it is paying much higher dividends.
And, don't get me started about ICEDRILL - going to mine in November (maybe) and has a BTC42,360 market cap.
LRM has a BTC9,318 market cap, is mining now and paying dividends.
Such as smart move for Zach to move to market pricing as his total yield from the IPO should be much greater than anticipated.
He just needs some help communicating this out to the BTC world..... every shareholder should be beating the drum in forums etc to get people to look at this as an option to compare against other cloud miners......
No question in my mind that LRM is the best value going now.
Also, I cannot understand for a second how a company like LRM is valued so low compared to ASICMINER, ACTIVEMINING when it is paying much higher dividends.
And, don't get me started about ICEDRILL - going to mine in November (maybe) and has a BTC42,360 market cap.
LRM has a BTC9,318 market cap, is mining now and paying dividends.
Such as smart move for Zach to move to market pricing as his total yield from the IPO should be much greater than anticipated.
He just needs some help communicating this out to the BTC world..... every shareholder should be beating the drum in forums etc to get people to look at this as an option to compare against other cloud miners......
No question in my mind that LRM is the best value going now.
August 30, 2013, 05:41:31 PM
I agree with everything except the first sentence, as that seems to contradict everything else you've said.
Given everything else is true (which I think it is), how do you conclude that BFL is still competitive (even assuming they deliver on time and on spec, which I will wager heavily against them doing.)?
Given everything else is true (which I think it is), how do you conclude that BFL is still competitive (even assuming they deliver on time and on spec, which I will wager heavily against them doing.)?
I think they are competitive in a narrow sense... usually pricing (except in these last days of their 65nm product) & maybe in the area of keeping customers on the hook (not that that is a good thing - but it is a kind of fighting spirit). This might be a different kind of competitiveness than you are thinking... there might be a better word for it. Anyway, historically, they have had the best (most efficient) products. Here are a few examples of their competitiveness:
1. BFL's FPGA Singles were the best price for GH of all sources.
2. When Avalon came out with their better pricing than BFL. Shortly thereafter, BFL matched the GH/$. It was a significant change to their price:performance.
3. Of the several companies promising 28nm products, BFL is second in price + performance.
But despite that, I don't think they will be able to keep up with Cointerra. BFL will probably end up in their shadow.
HashFast(HF) also has my attention, their pricing is about double BFL, but HF may be one of the first to deliver.
August 30, 2013, 02:41:23 PM
Many sounds points. And BFL are over-promising and under-delivering again with the Monarch, I'll put money against.
Sadly though, this is not true of all 28nm companies, especially CoinTerra; I would be very surprised if they slip by a considerable amount on anything. There is virtually no chance of them being another BFL, and every chance of the Monarch being another BFL. Doubly sadly this is the worst of both worlds for people with current BFL orders, as switch to 28nm with them will probably make things even worse.
Look on the bright side though, at least you didn't order with BTC when they were like $6...
Sadly though, this is not true of all 28nm companies, especially CoinTerra; I would be very surprised if they slip by a considerable amount on anything. There is virtually no chance of them being another BFL, and every chance of the Monarch being another BFL. Doubly sadly this is the worst of both worlds for people with current BFL orders, as switch to 28nm with them will probably make things even worse.
Look on the bright side though, at least you didn't order with BTC when they were like $6...
BFL is competitive, but they are too tainted. Cointerra has a more efficient product (price + performance), faster expected time to delivery, shows more professionalism and so far describes plans for higher customer satisfaction. They are also fairly transparent. How many video's has the CEO of Butterfly Labs made to discuss the company and products?
I think they will actually pull it off, delivering in December. And if they deliver in January, that is not bad either. They guaranteed that they'd give customers an extra 20% hashing rate over their purchase if delivery was later than 30 days (probably not enough to compensate for a month of difficulty increase, but it's something).
I agree with everything except the first sentence, as that seems to contradict everything else you've said.
Given everything else is true (which I think it is), how do you conclude that BFL is still competitive (even assuming they deliver on time and on spec, which I will wager heavily against them doing.)?
August 30, 2013, 02:23:14 PM
Many sounds points. And BFL are over-promising and under-delivering again with the Monarch, I'll put money against.
Sadly though, this is not true of all 28nm companies, especially CoinTerra; I would be very surprised if they slip by a considerable amount on anything. There is virtually no chance of them being another BFL, and every chance of the Monarch being another BFL. Doubly sadly this is the worst of both worlds for people with current BFL orders, as switch to 28nm with them will probably make things even worse.
Look on the bright side though, at least you didn't order with BTC when they were like $6...
Sadly though, this is not true of all 28nm companies, especially CoinTerra; I would be very surprised if they slip by a considerable amount on anything. There is virtually no chance of them being another BFL, and every chance of the Monarch being another BFL. Doubly sadly this is the worst of both worlds for people with current BFL orders, as switch to 28nm with them will probably make things even worse.
Look on the bright side though, at least you didn't order with BTC when they were like $6...
BFL is competitive, but they are too tainted. Cointerra has a more efficient product (price + performance), faster expected time to delivery, shows more professionalism and so far describes plans for higher customer satisfaction. They are also fairly transparent. How many video's has the CEO of Butterfly Labs made to discuss the company and products?
I think they will actually pull it off, delivering in December. And if they deliver in January, that is not bad either. They guaranteed that they'd give customers an extra 20% hashing rate over their purchase if delivery was later than 30 days (probably not enough to compensate for a month of difficulty increase, but it's something).
August 30, 2013, 10:30:42 AM
I think a lot of people thought they would have a lot of things by now... I was sure I'd bet on the right horse for such a long time, which makes it an even more bitter pill to swallow to only now discover that the people I've been defending all this time have, in fact, screwed me.
I hear Ya. The more I think about the future for me, Its heading out of owning mining equipment, and more investing into cloud mining ventures like LRM. GPU , FPGA, ASIC mining was fun while it lasted, but the future is not there.
After this current clusterfuck with Bitsyncom, sadly, it has made my decision for me.
Cheers.
If it makes you feel any better it's probably still not as bad as having a relatively early order for a lot of Singles with BFL... I ordered Jalapenos for all my friends, and saw them arrive months ago, and they've made >300% back already. My Singles will probably never pay for themselves now and they were ordered at the same time (and for a lot more money!).
Still, I said from the start, high risk, high reward...
I was thinking of selling my 03.April.13 BFL order to LRM but I think until I get anything I will have to pay someone to dispose of them as waste. I was hoping to get them way before 28nm is anywhere near. Now my hope is that all the 28nm companies also take much more time then stated on their sites. That said, it seems that even the early jalapeno orders will not make back their money in terms of BTC. I was at the time (April 13) thinking that the BTC value was overrated (140$) and therefore spending them on hardware at that price was a smart move. Turns out it wasn't. I don't think I'll ever see 35 BTC with those again even when neglecting power cost. I was stupid enough to pay 600$ for express shipping for my 180GH. Over 4 BTC down the drain. So it seems with investments in the BTC space it is very difficult to reach profit if you think purely in BTC. It is hard to outperform just holding BTC. Especially if you deal with a company which constantly over-promises and under-performs.
However, I think LRM has potential as LR can diversify and can operate much more efficiently than we can at home.
Many sounds points. And BFL are over-promising and under-delivering again with the Monarch, I'll put money against.
Sadly though, this is not true of all 28nm companies, especially CoinTerra; I would be very surprised if they slip by a considerable amount on anything. There is virtually no chance of them being another BFL, and every chance of the Monarch being another BFL. Doubly sadly this is the worst of both worlds for people with current BFL orders, as switch to 28nm with them will probably make things even worse.
Look on the bright side though, at least you didn't order with BTC when they were like $6...
August 30, 2013, 10:27:55 AM
Of the bonds listed last weekend (500 @0.20, [email protected] and [email protected]) the first 1500 have sold, and the [email protected] have sold. The 500 at 0.25 are selling well now.
@Lab_Rat has now added [email protected] and [email protected] for sale.
Once these outstanding bonds are filled, LabRatMining will have sold in excess of 41,000 bonds.
grnbrg.
@Lab_Rat has now added [email protected] and [email protected] for sale.
Once these outstanding bonds are filled, LabRatMining will have sold in excess of 41,000 bonds.
grnbrg.
August 30, 2013, 07:57:04 AM
I think a lot of people thought they would have a lot of things by now... I was sure I'd bet on the right horse for such a long time, which makes it an even more bitter pill to swallow to only now discover that the people I've been defending all this time have, in fact, screwed me.
I hear Ya. The more I think about the future for me, Its heading out of owning mining equipment, and more investing into cloud mining ventures like LRM. GPU , FPGA, ASIC mining was fun while it lasted, but the future is not there.
After this current clusterfuck with Bitsyncom, sadly, it has made my decision for me.
Cheers.
If it makes you feel any better it's probably still not as bad as having a relatively early order for a lot of Singles with BFL... I ordered Jalapenos for all my friends, and saw them arrive months ago, and they've made >300% back already. My Singles will probably never pay for themselves now and they were ordered at the same time (and for a lot more money!).
Still, I said from the start, high risk, high reward...
I was thinking of selling my 03.April.13 BFL order to LRM but I think until I get anything I will have to pay someone to dispose of them as waste. I was hoping to get them way before 28nm is anywhere near. Now my hope is that all the 28nm companies also take much more time then stated on their sites. That said, it seems that even the early jalapeno orders will not make back their money in terms of BTC. I was at the time (April 13) thinking that the BTC value was overrated (140$) and therefore spending them on hardware at that price was a smart move. Turns out it wasn't. I don't think I'll ever see 35 BTC with those again even when neglecting power cost. I was stupid enough to pay 600$ for express shipping for my 180GH. Over 4 BTC down the drain. So it seems with investments in the BTC space it is very difficult to reach profit if you think purely in BTC. It is hard to outperform just holding BTC. Especially if you deal with a company which constantly over-promises and under-performs.
However, I think LRM has potential as LR can diversify and can operate much more efficiently than we can at home.
August 30, 2013, 04:35:26 AM
We're now at ~24MH/s per bond
August 30, 2013, 01:42:35 AM
August 29, 2013, 07:24:05 PM
Less than 400 Shares left at the .225 Price.
More money to purchase additional hashrate!
More money to purchase additional hashrate!
That's the aim of the game!
August 29, 2013, 06:13:13 PM
Less than 400 Shares left at the .225 Price.
More money to purchase additional hashrate!
More money to purchase additional hashrate!
August 29, 2013, 01:56:01 PM
I think a lot of people thought they would have a lot of things by now... I was sure I'd bet on the right horse for such a long time, which makes it an even more bitter pill to swallow to only now discover that the people I've been defending all this time have, in fact, screwed me.
I hear Ya. The more I think about the future for me, Its heading out of owning mining equipment, and more investing into cloud mining ventures like LRM. GPU , FPGA, ASIC mining was fun while it lasted, but the future is not there.
After this current clusterfuck with Bitsyncom, sadly, it has made my decision for me.
Cheers.
If it makes you feel any better it's probably still not as bad as having a relatively early order for a lot of Singles with BFL... I ordered Jalapenos for all my friends, and saw them arrive months ago, and they've made >300% back already. My Singles will probably never pay for themselves now and they were ordered at the same time (and for a lot more money!).
Still, I said from the start, high risk, high reward...
August 29, 2013, 01:48:35 PM
I think a lot of people thought they would have a lot of things by now... I was sure I'd bet on the right horse for such a long time, which makes it an even more bitter pill to swallow to only now discover that the people I've been defending all this time have, in fact, screwed me.
I hear Ya. The more I think about the future for me, Its heading out of owning mining equipment, and more investing into cloud mining ventures like LRM. GPU , FPGA, ASIC mining was fun while it lasted, but the future is not there.
After this current clusterfuck with Bitsyncom, sadly, it has made my decision for me.
Cheers.
August 29, 2013, 01:38:05 PM
Yeah, sucks for me. Great for LRM. ;-) I want to increase my LRM position, but I was counting on my TH and Klondike boards to be operational by now.
Might have to cash-in MtGox play money to buy some more.
Go GO LRM
Might have to cash-in MtGox play money to buy some more.
Go GO LRM
I think a lot of people thought they would have a lot of things by now... I was sure I'd bet on the right horse for such a long time, which makes it an even more bitter pill to swallow to only now discover that the people I've been defending all this time have, in fact, screwed me.
August 29, 2013, 01:36:17 PM
LabRatMining has now joined the Terahash Club. Just shy of 1.3TH and climbing rapidly!!! This is a momentous occasion for the company and it looks like 2TH is just around the corner.
Get your bonds at a decent price while you still can. From here on out we should see some big jumps in the next 4-5 weeks.
Get your bonds at a decent price while you still can. From here on out we should see some big jumps in the next 4-5 weeks.
This news certainly seems to be driving some purchases through
Yeah, someone just dropped 99BTC (~$11k) on bonds. o.O
grnbrg.
Yeah, that's a pretty big buy!
August 29, 2013, 01:13:06 PM
Yeah, sucks for me. Great for LRM. ;-) I want to increase my LRM position, but I was counting on my TH and Klondike boards to be operational by now.
Might have to cash-in MtGox play money to buy some more.
Go GO LRM
Might have to cash-in MtGox play money to buy some more.
Go GO LRM
August 29, 2013, 01:12:19 PM
LabRatMining has now joined the Terahash Club. Just shy of 1.3TH and climbing rapidly!!! This is a momentous occasion for the company and it looks like 2TH is just around the corner.
Get your bonds at a decent price while you still can. From here on out we should see some big jumps in the next 4-5 weeks.
Get your bonds at a decent price while you still can. From here on out we should see some big jumps in the next 4-5 weeks.
This news certainly seems to be driving some purchases through
Yeah, someone just dropped 99BTC (~$11k) on bonds. o.O
grnbrg.
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