How many blocks is Bitminter currently finding each day?

Why not buy BFL chips with those credits? You could then sell the chips. You will be able to sell at retail because you will have them in hand. With 64 credits and some patience, you can make 64 x $25 = $1600. Who knows, you might even be able to sell them with a 5% markup.

I don't see the stats on EMC. Does it require an account to view? Did you consider using Bitminter yet? It's super easy to get going, and stats appear to be available for non users to see. LRM's hashing is fast enough to be in the top 50. See here: http://bitminter.com/livestats/big

Supposedly, Bitfury will also have better power efficiency than BFL.

I'm pretty sure his identity is known by several here. And I doubt it's Tom, unless he's using a fake name in his private emails. From what little correspondences I've had with him, he's seems legit at what he is doing. Perhaps, the only thing that bothers me is that it seems he could possibly pull the plug on everyone and keep the hardware. Afterwards, who could do anything to have a case against him? Where's your agreement? So, there appears to be that nagging risk. I'd like to know that if he was to liquidate the company, that he'd pay out to bond holders the proceeds of the mining hardware sales.

It seems to have been down for about an hour. Well, for at least the past hour since I came online.

I largely use Bitminter because it's the closest to plug and play. Any other easy options for backup would be nice.

Are you using any backup options? Ifso, would you mind sharing what you use?

Is it back down again? It reads 0.00 TH right now. This happened yesterday too.

So, if I read this correctly, FastHash plans to be shipping chips in October - not hardware incorporating these chips. Does anyone see a fault with this observation? And if there is no fault, then where would one buy the hardware to utilize the chips?

Look into MrTeal's project. If he pulls it off, he will have an as competitive as BitFury offer going on. You'd do better to order the chips though...if you can get the discounts.

The way I look at these numbers, what this should equate to is that dividends would then end up reflecting about 60% efficiency of a situation where a person bought and managed his/her own hardware.
That is, bonds are bought with funds of quantity X.
20% * X = initial expenses.
80% * X = initial hardware purchases.
75% x initial hardware = bond holders dividends.

80% x 75% = 60%

Therefore, 60% of ALL coins mined by Lab-Rat-Mining are straight dividends.

Using BFL minirigs as a baseline: One BFL SC minirig is 500GH for $23,000 (or 500,000MH for $23,000).
That equates to 21.7MH/$.
60% of this hash power/cost efficiency would be:
60% * 21.7 MH/$ = ~13.0MH/$

Initial lowest priced purchases of bonds are approximate as 100MH/$15 or ~6.7MH/$

If hardware was in hand, the numbers given of 100MH/bond then are very conservative. Straight numbers indicate bonds should perform at 200MH/bond (where the bonds are initially bought at least price of BTC.15). BitFury prices would be even better.

This of course does not take into account what the difficulty will be when hardware is actually placed online. This is why it is important to secure good deals and delivery times. It seems to me that Lab Rat's priority should be to do everything he can to acquire hardware cheaper and faster. And dividend numbers is what will really drive the purchase of future bonds.

If you were just starting mining with new asic hardware now, what percentage of resulting mined bitcoins should you re-invest in the whole operation to sustain profitability to offset the affects of difficulty increase, and maybe make a bit more headway?

Let's assume it was something like 70% (we can say power costs is part of this). Then wouldn't that be like saying the 30% which you don't re-invest are like dividends you pay to yourself - other than you own the hardware in this case. So, if you took in 30%, what MH value might that equate to per bitcoin invested? Then how does THAT number compare to $15/100MH? And consider that the portion of the hash rate you don't receive as dividends may at least in some significant part going to increase the hashing power of the system.

I'm simply presenting a perspective.

Caveats: I'm not sure what actual numbers would be more correct. Difficulty levels might increase in ways that can't be matched by any plan (other than dumping in new money from outside the system). And it's probably not something to overlook that you don't own the hardware.

That's odd. Wonder how that happened. Maybe, they pulled a BFL in their design plan :/  But no worries... as long as they have good performance to price, that's all that really matters. If they have better power efficiency than BFL, that will be a bonus.

Thanks for the heads up on that. It sounds familiar... maybe I read that in this thread

Another question for Dave:
On the megabigpower.com website, one image of the asic chip has print stamped on it that reads 5GHash.
The 16 chip hashing board has a product code "BF-25GHB" - seems to indicate it is 25GHash board.
The starter boards apparently w/ 16 chips are 25GH.

16 chips x 5GHash/chip = 80 GHash.

Why is the product code indicating a 25GH board, and all the other boards are 25GH boards?
What did I miss?

||bit

Labrat.
Another route to consider is DIY kits from Bitfury. If you can save even 25%, it would serve LRM & 'bond' holders well and approximate more closely a 100% re-investment plan that would have been based on full priced rigs.

Also, consider those with BFL vouchers. Perhaps, you can ask any of the bond holders if they have BFL vouchers they won't use for themselves. Then you pay for and order the hardware through them, but have it dropped at LR address.

Another plan is ask any bond holders if they have chip credits they want to dump on LRM. Buy the BFL chips and trade the chips for hardware from existing other manufacturers.

But if you can get a fast delivery on Bitfury hardware, it seems the best route so far. It would even be better than BFL w/ vouchers.

||bit

Dave. When will you accept bitcoin payments?

I'm enjoying the idea that this all should force BFL's hand to make price changes. Even BFL's vouchers will be of little use with the intro of this product for it's price. If you guys can truly hit that efficiency target, then pressure will really be on them. Trying to think in a business perspective, I am curious how they will respond. We already saw them react to Avalon.

Dave, is Tom involved in any of this?

Dave.

August products show out of stock. October products show in stock. Is this accurate? or Can August stuff be ordered now even though it reads out of stock?

How do you figure that?

And they aren't shipping any power supply with the unit?

Is there no internal power supply???