Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 266. (Read 452170 times)

I'll point out that, due to some of the inter-page references, the spreadsheet doesn't seem to play nice with Libre Office or Google Docs.  Looks like Excel is required.


grnbrg.

So if I'm understanding this correctly, as of right now, one bond will provide ~300+ MH/s?

As previously announced, I have been working on a series of spreadsheets that will allow investors to view all information pertaining to LabRatMining and how the Bitcoin network and exchange rates affect the company.

This spreadsheet was developed to add some clarity to the previously vague "Minimum of 100MH/s per bond."

I have taken into account all variables involved except reinvestment by the company as this quantity will vary over time.  There are fixed costs involved in hosting the equipment as well as variable costs that will determine the amount that will be reinvested.

Below is some data that has been calculated given a scenario based around the following assumptions:
-BTC/USD = $90.00
-Expected Difficulty at the time of hardware deployment = 45,000,000
-The period of time you wish to measure in weeks = 26
-The percent increase in difficulty per adjustment = 14

Total hashrate in TH for LabRatMining given bond sales
6.9 @16,500 bonds sold
8.4 @20,000 bonds sold
13.5 @30,000 bonds sold
18.6 @40,000 bonds sold
24.1 @50,000 bonds sold
29.5 @60,000 bonds sold
35.3 @70,000 bonds sold
41.2 @80,000 bonds sold
47.3 @90,000 bonds sold
53.5 @100,000 bonds sold

Individuals hashrate per bond based on bond sales
313.86 @16,500 bonds sold
314.34 @20,000 bonds sold
337.22 @30,000 bonds sold
348.65 @40,000 bonds sold
360.86 @50,000 bonds sold
369.05 @60,000 bonds sold
378.71 @70,000 bonds sold
385.96 @80,000 bonds sold
394.57 @90,000 bonds sold
401.48 @100,000 bonds sold

Price per GH at given bond purchase price according to bond sales
Average of $42/GH/s (hosting and electric included.)

Profitability
Average returns to be expected are likely to be in the range of 70-90% above and beyond the initial investment over 26 weeks.

Difficulty Projections
In this calculator I have included the ability to use differing assumptions to estimate difficulty over 26 weeks.  These values are included in formulas that may be used to estimate returns.

This calculator is complex and therefore comes with a README that can be used to explain the data and formulas.

This spreadsheet was made using Excel.  You may download the spreadsheet to allow for input of your own assumptions.  The fact that these were produced using Excel may cause some individuals to not have access to using the full potential of this calculator, but Google Docs has a built in spreadsheet viewer that will give you the full information based on the assumptions above.

Here is the link to access the complete spreadsheet and README: https://drive.google.com/folderview?id=0BwZCh0jtSZkwR1A4RS04TkNUcVU&usp=sharing

I have finished the spreadsheets as well as the readme to go along with them.  This readme explains not only what each value actually means, but also how to use each function to evaluate different possibilities.

I will be posting these for download tomorrow.

The spreadsheets were developed with great care to show every variable taken into account in calculating profitability and hashrate per bond.  I will not only be posting them for download, but also posting snapshots of these spreadsheets given likely values for the starting point.

The spreadsheets were made using Excel and the README is a simple txt file, therefore anyone without the ability to view an Excel book will have to take the word of others as well as the snapshots posted until I have this function built into the website at some point in the future.  I am not making any promises at this point as to when this will be completed as it is not high on my priorities list.

Suppose you go be excited all over the bAsic threads, scammer.

Then it will be much more trustworthy,sorry for the post.Good luck

Our wafer order is already underway for product all the way through October.  We are 55nm process anyway.

http://www.phonearena.com/news/TSMC-says-its-supply-of-28nm-chips-continues-to-be-low_id40077

Are you sure that you can make that much of quantity of chips? if you use 28nm standard?

Hi all - I'm excited that Lab_Rat has decided to bring BitFury mining power to this project.  I'm confident that I can deliver on the significant amount of hashpower Lab_Rat wants to secure from us, and in fact it is now my personal goal to make sure that the first chips to send shares for LabRatMining are BitFury chips.  As Lab_Rat states, diversification is smart business, and in this case a little friendly competition won't hurt.

Lab_Rat and I discussed his plans for acquiring the hardware and the terms around landing that hashing power as early as possible.  We also talked about his plans for the operational facility which sound spot on.  I will work closely with him to assist however I can in the rapid deployment of the hardware.  As soon as I have video proof of the units, that will be made available.  As a further step of thorough due diligence, Lab_Rat is requiring me to provide an in-person demonstration of the 400Gh/s working unit.  I totally agree with this smart money approach.

Meantime, we've got a provisional agreement that secures a very early spot in the October queue.  This project comes early enough that I can easily reserve the correct number of full 400G kits, with a soft hold on more product as he sees fit.  With a large an operational commitment as this, I will dedicate a member of the fulfillment team to assure that units go out on time as promised.

I really like the approach Lab_Rat is taking here and I hope to add value in the ways I've described.  I think its a great way to get ASIC mining power at scale.

Cheers,
Dave

[EDIT] I'm already seeing some concern here that I've given Lab_Rat a front-of-line pass to October units.  This is not the case.  I simply set up a reserve spot in the October queue right now, so we have the stake in the ground.  Sorry if I implied an unfair queue practice...

I just spoke with Dave a short while ago.  The conversation was an hour long as we had a lot to talk about.

We ran a lot of numbers and spoke about the aspects of such a large set of orders.  These orders will carry quite a few benefits to the company, one of which is a live viewing of a working 400GH/s unit.  We will be committing to a date for his visit with this prototype to me over the next few days.  He will have a lot more information about the specifics of the deal he can arrange for me, as to be fair to other purchasers, and provide the best deal for LabRatMining and each of it's investors.

He will be confirming that I am in contact with him regularly and the fact that the numbers I will be presenting over the weekend are accurate.  These numbers show the specifics of the previously announced "minimum of 100MH/s per bond" that was in place to avoid any issues in the event of BTC price dropping or any other unexpected expenses.  This number was a very conservative estimate due to the risk factors involved.  The numbers I will be presenting, likely tomorrow, are accurate as of current BTC/USD exchange rates.

Expect a lot of big things to happen over the course of the next week as I remain in contact with Dave as well as other individuals with August ship-date BitFury orders and June/July 2012 MR orders with BFL.

Dave and I agreed that putting all of your funds toward a single manufacturer is not a smart move, but BitFury may secure a significantly larger purchase from LabRatMining as it has greater benefits to the company and it's investors.

As a feature of security, BitFury has agreed to "lock-in" my place in line without delivering funds until a working prototype is presented.  This is to ensure that no funds are allocated irresponsibly.

grnbrg.

Both isn't reliable at all.....be lucky, folks....

Stay tuned...  @Lab_Rat just got off the phone with Dave from BitFury.  Both will be posting announcements tonight.


grnbrg.

You're not old enough to have a point.

6 weeks later, you can possibly get TAT.VM and DMS.MINING for that price .... no reason to risk yourself with PRE-orders from those unreliable companies.( BFL and Bitfury).

Not as yet, nor has that fact been hidden.  Lab_Rat has some early BFL orders that will be used, some users have offered early orders in exchange for bonds, and orders will be placed with multiple ASIC vendors.  Mining is expected to start within 3-6 weeks.



grnbrg.

Oh, so he doesn't even have the equipment mining right now? If I bought a bond right now, would I even be paid in the next week or so?

Aside from the fact that 100 Mh/s is a conservative estimate....

Each bond is rated at 100 Mh/s.  If the full 100k bonds are sold, then there is money to buy ~10 Th/s of gear.  If onky 20k bonds are sold, then there is only money to buy 2Th/s, but also fewer bonds to distribute dividends to, so you'll still see 100 Mh/s per bond.

Again, 100Mh/s appears to be a conservative guess.  Once negotiations with BitFury are done, firmer and higher numbers are likely.




grnbrg.

I apologize. I thought I answered your question clear enough. I will be making a statement within 24-48 hours that will without a doubt clear it up completely. I will likely compensate myself very little at the beginning as to allow for further expansion and the fact that I can live without it. I would like to have $20,000 set aside at all times (possibly more as the company expands) in case of an emergency. I will give full disclosure on the allocation of funds as discussed. I'm taking far less than the 20% discussed initially to provide earlier orders, but a maximum of 20% should be allowed for expansion in terms of racks and hosting.

Edit:  I have numbers drafted, I'm just making them presentable.

thank you for the info - of course you should be compensated, the question is when and where does your compensation (and company profit) come from. Right now a large percentage of bond premium is unaccounted for and can either end up as new hardware (investor upside), bills, or your pocket. All three are acceptable, what matters is the distribution amongst those three, and where do future distribution go amongst those three. You're going to get close to a quarter of a million dollars in less than a week, that's as good as angel round investing - so I'm just asking questions an angel would.