Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 254.

mmmerlin

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Activity: 266

Merit: 250

Quote from: Lab_Rat on August 29, 2013, 11:19:06 AM

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.

This news certainly seems to be driving some purchases through

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

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.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: CumpsD on August 28, 2013, 02:01:16 PM

Quote from: mmmerlin on August 28, 2013, 01:54:54 PM

Quote from: CumpsD on August 28, 2013, 01:50:47 PM

Quote from: mmmerlin on August 28, 2013, 01:47:50 PM

Quote from: CumpsD on August 28, 2013, 01:46:05 PM

Ah, I see, so are we currently hashing at 695 GH or is that the total ordered?

That is currently. Estimated total is ~30TH/s

Thanks for the clarification

So basiclly, 1 bond is now worth 695 GH * 1024 (to get to MH) / number of shares issued = ~18MH/s per bond

Would be a nice extra statistic on the site Wink

It would indeed be a nice extra stat, but it changes quite a lot.

You forgot in your calculation to multiply by 75% so it's actually more like ~14MH/s. (And just to be pedantic I think there are only 1,000 megahashes in a gigahash, though this is probably a semantic argument, and for another place Wink

)

Correct, forgot 75%

Yeah, I'm a developer, Kilo, Mega, Giga, ... are 1024 multiples for me Wink

no Kibi Mibi stuff for me

Thanks for your help, helped me a lot to understand better how my investment works

No probs, that's what we're here for (amongst other things).

As to whether mega/giga are done in base 10 or (sort-of) base 2 for hash order-of-magnitude prefixes, I actually don't know. I imagine opinions and implementations differ...

CumpsD

sr. member

Activity: 476

Merit: 250

Quote from: mmmerlin on August 28, 2013, 01:54:54 PM

Quote from: CumpsD on August 28, 2013, 01:50:47 PM

Quote from: mmmerlin on August 28, 2013, 01:47:50 PM

Quote from: CumpsD on August 28, 2013, 01:46:05 PM

Ah, I see, so are we currently hashing at 695 GH or is that the total ordered?

That is currently. Estimated total is ~30TH/s

Thanks for the clarification

So basiclly, 1 bond is now worth 695 GH * 1024 (to get to MH) / number of shares issued = ~18MH/s per bond

Would be a nice extra statistic on the site Wink

It would indeed be a nice extra stat, but it changes quite a lot.

You forgot in your calculation to multiply by 75% so it's actually more like ~14MH/s. (And just to be pedantic I think there are only 1,000 megahashes in a gigahash, though this is probably a semantic argument, and for another place Wink

)

Correct, forgot 75%

Yeah, I'm a developer, Kilo, Mega, Giga, ... are 1024 multiples for me Wink

no Kibi Mibi stuff for me

Thanks for your help, helped me a lot to understand better how my investment works

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: CumpsD on August 28, 2013, 01:50:47 PM

Quote from: mmmerlin on August 28, 2013, 01:47:50 PM

Quote from: CumpsD on August 28, 2013, 01:46:05 PM

Ah, I see, so are we currently hashing at 695 GH or is that the total ordered?

That is currently. Estimated total is ~30TH/s

Thanks for the clarification

So basiclly, 1 bond is now worth 695 GH * 1024 (to get to MH) / number of shares issued = ~18MH/s per bond

Would be a nice extra statistic on the site Wink

It would indeed be a nice extra stat, but it changes quite a lot.

You forgot in your calculation to multiply by 75% so it's actually more like ~14MH/s. (And just to be pedantic I think there are only 1,000 megahashes in a gigahash, though this is probably a semantic argument, and for another place Wink

)

Bargraphics

hero member

Activity: 518

Merit: 500

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

Quote from: CumpsD on August 28, 2013, 01:50:47 PM

Quote from: mmmerlin on August 28, 2013, 01:47:50 PM

Quote from: CumpsD on August 28, 2013, 01:46:05 PM

Ah, I see, so are we currently hashing at 695 GH or is that the total ordered?

That is currently. Estimated total is ~30TH/s

Thanks for the clarification

So basiclly, 1 bond is now worth 695 GH * 1024 (to get to MH) / number of shares issued = ~18MH/s per bond

Would be a nice extra statistic on the site Wink

All Calculations are in thousands

695GH * 1000 (To get MH)

There are currently around 37,500 Shares Issued (There's like 2000 that were put out for purchase not sure if they were eaten up yet)

That's roughly ~18.5MH/Bond correct

CumpsD

sr. member

Activity: 476

Merit: 250

Quote from: mmmerlin on August 28, 2013, 01:47:50 PM

Quote from: CumpsD on August 28, 2013, 01:46:05 PM

Ah, I see, so are we currently hashing at 695 GH or is that the total ordered?

That is currently. Estimated total is ~30TH/s

Thanks for the clarification

So basiclly, 1 bond is now worth 695 GH * 1024 (to get to MH) / number of shares issued = ~18MH/s per bond

Would be a nice extra statistic on the site Wink

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: CumpsD on August 28, 2013, 01:46:05 PM

Ah, I see, so are we currently hashing at 695 GH or is that the total ordered?

That is currently. Estimated total is ~30TH/s

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: CumpsD on August 28, 2013, 01:27:39 PM

Quote from: BKM on August 28, 2013, 11:31:16 AM

Current Hashrate and MH/s per bond updated today

695 GH and 600 MH/s based on current bonds issued

http://www.labratmining.com/currentHashrate.html

How should one go about dealing with this value?

Is one share = 1 bond = 600 MH/s?

And if it is, what does it mean?

If I enter 600 MH/s into this calculator: http://www.bitcoinx.com/profit/ I get 0.0046 BTC per 24h at current difficulty, which is 0,0322 per 7 days
If 25% goes to LabRatMining for expansions, 0,02415 remains (75% of 0.0322)

However, dividends are always in the order of 0.000x per share

Or is one share = 1/100th of a bond?

(This is not criticism, or whining, just a genuine question into understanding what a share means)

Your initial interpretation is totally correct, the reason the dividends don't mirror your calculations at the moment is simply that the bulk of the hardware hasn't arrived yet.

Some is arriving pretty soon, some a bit later, and some later still. As things ramp up the dividends will improve. (Yes, even despite the network growth.)

Eventually they will level out once the hardware acquisitions slow, but your analysis of the number is correct, 1 share = 1 bond = 600MH/s (estimated, and eventually).

CumpsD

sr. member

Activity: 476

Merit: 250

Ah, I see, so are we currently hashing at 695 GH or is that the total ordered?

Bargraphics

hero member

Activity: 518

Merit: 500

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

Quote from: CumpsD on August 28, 2013, 01:27:39 PM

Quote from: BKM on August 28, 2013, 11:31:16 AM

Current Hashrate and MH/s per bond updated today

695 GH and 600 MH/s based on current bonds issued

http://www.labratmining.com/currentHashrate.html

How should one go about dealing with this value?

Is one share = 1 bond = 600 MH/s?

And if it is, what does it mean?

If I enter 600 MH/s into this calculator: http://www.bitcoinx.com/profit/ I get 0.0046 BTC per 24h at current difficulty, which is 0,0322 per 7 days
If 25% goes to LabRatMining for expansions, 0,02415 remains (75% of 0.0322)

However, dividends are always in the order of 0.000x per share

Or is one share = 1/100th of a bond?

(This is not criticism, or whining, just a genuine question into understanding what a share means)

What this represents is that if he had all of the HashPower he has ordered mining at this very moment, you would be getting 600MH per bond.

CumpsD

sr. member

Activity: 476

Merit: 250

Quote from: BKM on August 28, 2013, 11:31:16 AM

Current Hashrate and MH/s per bond updated today

695 GH and 600 MH/s based on current bonds issued

http://www.labratmining.com/currentHashrate.html

How should one go about dealing with this value?

Is one share = 1 bond = 600 MH/s?

And if it is, what does it mean?

If I enter 600 MH/s into this calculator: http://www.bitcoinx.com/profit/ I get 0.0046 BTC per 24h at current difficulty, which is 0,0322 per 7 days
If 25% goes to LabRatMining for expansions, 0,02415 remains (75% of 0.0322)

However, dividends are always in the order of 0.000x per share

Or is one share = 1/100th of a bond?

(This is not criticism, or whining, just a genuine question into understanding what a share means)

ICantThinkOfaName

full member

Activity: 146

Merit: 100

Quote from: drdops on August 28, 2013, 10:13:53 AM

guys can someone post a link to the above and a link to the resellers?
are the resellers shipping immediately or just friedcat?
cant believe im still looking at mining hardware after the latest group but fiasco waiting on chips from avalon...

https://bitcointalksearch.org/topic/block-erupter-bladelow-price-limited-quantityout-of-stock-282867

https://bitcointalksearch.org/topic/inventory-clearance-10-13-gh-blade-for-5-btc-282785

BKM

sr. member

Activity: 315

Merit: 250

Current Hashrate and MH/s per bond updated today

695 GH and 600 MH/s based on current bonds issued

http://www.labratmining.com/currentHashrate.html

BKM

sr. member

Activity: 315

Merit: 250

Quote from: mmmerlin on August 28, 2013, 09:36:24 AM

Quote from: chkgk on August 28, 2013, 09:24:18 AM

actually, buying 5 blades at 3.5 (group buy or former customer price) gives you 50gh/s for less than the price of a BFL Single (assuming $130/btc). And, as you said, friedcat has a record of only selling what is in stock and shipping right away.

The offer is brand new, it actually just came in today.

Indeed. Just another nail in the coffin for patient BFL customers...

I used to be a huge BFL apologist (being in hardware R&D myself I had the utmost sympathy for them), but now that they have a working product but are failing to get it out the door I have completely lost all patience with them. It's pathetic, and this is just the latest way their customers are getting screwed by their lack of performance in comparison to the rest of the field.

I emailed Zach on this ..... although he likely already saw it doesn't hurt in case he has not. It may not make sense in view of what is pending but could if the intent is to sell it back out ASAP - stop gap hashing. Likely too much set up and logistics overhead - not sure he has any hours to burn Grin

drdops

full member

Activity: 144

Merit: 100

guys can someone post a link to the above and a link to the resellers?
are the resellers shipping immediately or just friedcat?
cant believe im still looking at mining hardware after the latest group but fiasco waiting on chips from avalon...

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: chkgk on August 28, 2013, 09:24:18 AM

actually, buying 5 blades at 3.5 (group buy or former customer price) gives you 50gh/s for less than the price of a BFL Single (assuming $130/btc). And, as you said, friedcat has a record of only selling what is in stock and shipping right away.

The offer is brand new, it actually just came in today.

Indeed. Just another nail in the coffin for patient BFL customers...

I used to be a huge BFL apologist (being in hardware R&D myself I had the utmost sympathy for them), but now that they have a working product but are failing to get it out the door I have completely lost all patience with them. It's pathetic, and this is just the latest way their customers are getting screwed by their lack of performance in comparison to the rest of the field.

chkgk

member

Activity: 63

Merit: 10

actually, buying 5 blades at 3.5 (group buy or former customer price) gives you 50gh/s for less than the price of a BFL Single (assuming $130/btc). And, as you said, friedcat has a record of only selling what is in stock and shipping right away.

The offer is brand new, it actually just came in today.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: Bargraphics on August 28, 2013, 08:00:22 AM

Quote from: mmmerlin on August 28, 2013, 07:55:57 AM

Quote from: Bargraphics on August 28, 2013, 07:35:44 AM

Quote from: friedcat on August 28, 2013, 06:12:56 AM

Spec: 10GHhash/s guaranteed.
   Rated speed 10.752GHash/s.
   Maximum speed of 12.829GHash/s with overclocking and proper cooling.

Price: 1-19 - Not shipping, please contact our resellers.
   20-99 - 3.9BTC each (0.363BTC/G, 0.304BTC/G overclocked).
   100+ - 3.5BTC each (0.326BTC/G, 0.273BTC/G overclocked).

For returning customers from former auctions, you can enjoy the price of 3.5BTC each."

Lab_Rat, this seems like a really good deal to get them at 3.5BTC/each and increase LRM's HashRate Exponentially while waiting on Bitfury and everyone else you have ordered from.

What are your thoughts?

What is the lead-time on these? Do they ship ~same day you order?

Based on past experiences, when FriedCat sells Miners they usually ship right away and arrive asap. That's what makes his business model so popular.

Wow, that's kind of a game changer, nobody else has miners to sell off the shelf at that price now - how long has this been available?

Also, consider the fact that ASICMiner only sell off their stuff when it's not profitable for them to run it themselves, or rather when it soon won't be. Means their next gen stuff is going to make this very obsolete. I'm not saying it's not a good idea to buy, but it won't be profitable for long, hence them offloading it. The only other reason they sell miners is when their network percentage is getting too large to continue expanding, and that's certainly not an issue at the moment, so it means that something big is coming. I didn't doubt it up till now, but I now doubt I'll ever see ROI on my BFL Singles. Sad

Bargraphics

hero member

Activity: 518

Merit: 500

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

Quote from: mmmerlin on August 28, 2013, 07:55:57 AM

Quote from: Bargraphics on August 28, 2013, 07:35:44 AM

Quote from: friedcat on August 28, 2013, 06:12:56 AM

Spec: 10GHhash/s guaranteed.
   Rated speed 10.752GHash/s.
   Maximum speed of 12.829GHash/s with overclocking and proper cooling.

Price: 1-19 - Not shipping, please contact our resellers.
   20-99 - 3.9BTC each (0.363BTC/G, 0.304BTC/G overclocked).
   100+ - 3.5BTC each (0.326BTC/G, 0.273BTC/G overclocked).

For returning customers from former auctions, you can enjoy the price of 3.5BTC each."

Lab_Rat, this seems like a really good deal to get them at 3.5BTC/each and increase LRM's HashRate Exponentially while waiting on Bitfury and everyone else you have ordered from.

What are your thoughts?

What is the lead-time on these? Do they ship ~same day you order?

Based on past experiences, when FriedCat sells Miners they usually ship right away and arrive asap. That's what makes his business model so popular.

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 254. (Read 452224 times)