The link fractal posted for me is correct, but if you click the stats bar for the hashrate it will bring you there under my ref link. Finished working on the website and updating spreadsheets for years end at ~3:30AM, 7:45AM back up and working... Get the Keurig joke now?  You work like you drive - non stop.... The verifcation sheet is still up but there have been a number of trades and bonds issued since. Will there be an updated spreadsheet prior to the new trading platform? No problem waiting if the platform is keurig powered imminent. I'm going to put a public bond list straight on the website with address / bonds just like BitFunder had. Going to try to get as much done in the next week or 2 as I can, but the priority is public stats which should be done on my next 3-4 hour gap in the schedule  |
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The link fractal posted for me is correct, but if you click the stats bar for the hashrate it will bring you there under my ref link. Finished working on the website and updating spreadsheets for years end at ~3:30AM, 7:45AM back up and working... Get the Keurig joke now? |
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Fun Fact of the day, LRM has now paid out BTC962.90818330. Next week we'll break 1000.
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Just a note, the couple rigs I had pointed over at GHash, I've moved to the previous pool for now. Going to be moving it all over to GHash this weekend as long as nothing gets in the way.
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Dividends have gone out, enjoy your fresh coins everyone. Go buy a pizza and regret it in 3 years |
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Thank you LabRat ! So far, are you happy in mining at GHash.io ? I find the idea for MM coins pretty great (for hardware invest) Nice interface, cool payout systems, 3MM coins, no fees (except 0.001 to withdraw, but the payout is instant), alert system, automatically created workers, referral system if you sign up using my link (more hashrate for LRM), easy live stats, etc. Yah, Just wish it had 1/2 the hashrate it has... |
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This is correct except the Dec hardware might move to first week of Jan and it has nothing to do with the monarchs. The monarchs should be in the 25TH range.
The trading platform is next on my list after making stats public, as I said I was busy through thursday of this past week. From here on out I should have worlds of time to throw at making LRM everything it should be. I am going to be updating the website this weekend as well as moving the hardware to a new pool. Nothing should experience 2 weeks of holding again, but that helped out the company more than you'll know.
+1! Thanks, Labrat! We always knew you were working hard for the company. We just didn't know exactly what you were doing at times. LOL. I'm sure I'm not alone when I say we can't wait to see the stats become public, and we really can't wait until the we have a shiny new trading platform. Once again, keep up the great work! You've raised my confidence to a whole new level. Yes, thanks to this company there are 2 machines I can't live without. A laptop and a Keurig... haha |
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Preparing the spreadsheet for div payouts.
Dividend Stats 12/21/2013:
Mined: BTC89.00622637
Payout: BTC66.75466978
Bonds: 58,174
Per Bond: BTC0.00114750
I'm going to work on increasing these numbers over the next couple months. (Fight the difficulty!!!)
After this week I'll be posting MM stats with it.
MM coins will be going straight into hardware.
MM coins accrued from playing on GHash.io this week:
NMC: 1.50734725
IXC: 6.87357936
DVC: 235.34593616
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So, the current time-line I see is:
December 2013: 3ish T/H added
January 2013: BFL Monarchs, maybe? (Unless the Dec added IS the monarchs?)
Late February 2013: New BitFury equipment starting to come in. (100 to 200 T/H)
Early March 2013: BitFury equipment continuing to come in.
Post-March: ASIC project stuff
Comment: I personally expect the Bitfury order to be late, because the last one was late and I'm an eternal pessimist.
Questions:
1. Do we have a time frame for a trading platform?
2. Shouldn't some of this stuff be posted to the LRM website?
3. What hash-rate additions are subject to two weeks of holding?
4. Can we PLEASE only start the two weeks of holding once ALL of a new batch is in place so we're only missing dividends of the increased hashrate for exactly two weeks?
This is correct except the Dec hardware might move to first week of Jan and it has nothing to do with the monarchs. The monarchs should be in the 25TH range. The trading platform is next on my list after making stats public, as I said I was busy through thursday of this past week. From here on out I should have worlds of time to throw at making LRM everything it should be. I am going to be updating the website this weekend as well as moving the hardware to a new pool. Nothing should experience 2 weeks of holding again, but that helped out the company more than you'll know. |
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As far as I know, I don't believe we will ever have a two week holding on new hardware again. I'm fairly certain it was a one time deal to get us kickstarted with these new projects/deals.
This is the more likely of the options. |
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Set up a GHash.io account and started playing around. Pointed a little power over to it to test the waters... pool... heh... See what I did there? Live stats of the some odd 450-480GH/s are at the bottom of every LRM page and on the current hashrate page. I'm assuming the readout would be considered an "image" or I'd put it in my forum sig.
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The BitFury deal has just gotten larger with some new friends joining the buy-in. These individuals own a couple very very very large data centers with cheap (practically free) hosting available and a rollout team to ensure the abnormally large order goes online as smoothly as possible. As of right now a 100TH order for LRM is the absolute minimum and the likely is in the 200TH range. (Hows that for a bonus from the 2 weeks?)
Just curious as to the timeframe on this one? (I'm sure it's been mentioned but I can't seem to remember). Even the rough guesstimate is fine. Cheers! Feb/Mar delivery. It will likely start shipping out in Feb and get the remaining stragglers in March. |
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I didn't feel up for wasting mine or LRMs money on WiFi on the plane, hope you don't mind.
<withdrawal>This is the first time I've sat down at a computer in 4+ days *twitch*</withdrawal>
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I have been extremely busy this past week, including a trip to San Jose that involved the ASIC project, BitFury deal, and even meeting BarGraphics.
The dividends were not as good as expected last week due to a few things. The dividends the week before were paid out Sunday resulting in a 6 day week, and ~1.25 days were still at 5.4TH.
1.25 days @ 5.4TH
4.75 days @ ~23TH
I was not anywhere near a computer for the payout and therefore did not post any updates on it. My apologies for the delay. I will be looking into switching to a pool with public stats and payout this coming weekend. This is at the very top of my priorities list, but until Thursday has come and gone I am absolutely unavailable to make the massive move. I like Eligius due to it's non-threatening size, but I need an alert system for each individual miner. I don't believe Eligius has something like this in place, but please correct me if I'm wrong. GHash.io may have to be my choice although I absolutely do not want to contribute to the largest pool out there...
I'm doing some tweaking and moving of hardware into the new location as it is currently in the 37-43 degree Celsius range ambient temperature in the first hosting location. This is due to the fact that I squeezed more than intended hashrate into that location temporarily due to delays in getting the power turned on at the second location. (Bad weather impeded the power company and turning my power on wasn't an "emergency") Once I move a good portion of the hardware over I expect a much higher hashrate due to the temp drop alone, but BitFury equipment also has the ability to be tuned.
I'm in the process of adding a couple TH I'm acquiring for the company free of cost (should be just shy of 3TH) by the end of next week hopefully.
An Update on the ASIC project, things are moving along great on the 55nm scale with plans for a 28nm going around. Costs on this front are minimal in the short term, so do not fear.
The BitFury deal has just gotten larger with some new friends joining the buy-in. These individuals own a couple very very very large data centers with cheap (practically free) hosting available and a rollout team to ensure the abnormally large order goes online as smoothly as possible. As of right now a 100TH order for LRM is the absolute minimum and the likely is in the 200TH range. (Hows that for a bonus from the 2 weeks?)
OK, you can feel free to re-light your torches and pick up your pitchforks if you so please.
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Orbit that is the method I was looking into, I'm still verifying the legality of that before implementing it.
Vitruvio, I can't have an escrow wallet involved or it makes LRM a money transmitter.
Can you quote the Orbit post you're referring to? edited |
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A simple automated script, hosted with LR's website could be made that isn't terribly complicated. One possible algorithm is to do this:
1. Website server receives seller messages from LR webpage (basic input text boxes that get submitted to server side script).
2. Script verifies messages from seller.
3. If verified, script verifies seller actually has bonds and sufficient quantity per some official copy of the ledger.
4. If verified, website market page is updated to reflect sellers quantity and ask price for market to see. *
5. Buyer see's price and clicks seller price. Immediately, that sell order is removed from the cue to avoid duplicate orders. Anyone subsequently clicking with a then stale webpage will simply get no record found.
6. Buyer is presented input options and submits message to purchase (including wallet address which the verified message depends upon - that is his account number - and also an optional wallet address for receiving dividends).
7. Script verifies buyer sent sufficient btc as per the blockchain (within say 1 hours and maybe at least 3 confirmations). If not received, then there is a problem on how to clear this...this could cause problems.
8. If verified, deduct quantity from seller account and add to buyers account (if that account already exists) on bond ledger. If buyers account does not yet exist, create one now and add to ledger with bought quantity.
* A couple other aspects need to be included. Such as allowing seller to cancel order. And making sure old messages are deleted to avoid an order being executed twice.
Note: Because there is no online buyers wallet involved that a seller can tap into without further buyer action, this is a seller's market page.
...
Orbit that is the method I was looking into, I'm still verifying the legality of that before implementing it. Vitruvio, I can't have an escrow wallet involved or it makes LRM a money transmitter. |
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Just wanted to clear things up... The 2 weeks of mining is not "funding the ASIC project" only a small portion of it is being used in such sense. LRM is not funding this entire project, but a small percentage in return for HW at a far lower cost than is possible elsewhere.
The bulk of it is going toward a deal with BitFury that is in the works, and this is going to provide many many many multiples of the current in hand hashrate.
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6542 still available from LRM. They're moving pretty quickly so get them while you still can!!!
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I missed paying out dividends due to family matters yesterday. It was the one day I haven't worked all day in a very long time. I would really hope that people could understand this, and to those of you who are not OK with this delay, I apologize and they are going out today.
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