-

[BKM]

Cavirtex $650 CDN as of this post 

~$C500.

:sadface:



grnbrg.

weeeeeee...... ahhhhhhh :handsup on rollercoaster: $679 all time high

[1715549921]

1715549921

[1715549921]

1715549921

[fractal02]

Cavirtex $650 CDN as of this post 

~$C500.

:sadface:



grnbrg.

weeeeeee...... ahhhhhhh :handsup on rollercoaster: $679 all time high

 

[hardinero007]

hi experts, i own some labratmining shares in bitfunder.  bitfunder is close to shutting down, what to do with these shares?  should i transfer the shares to direct shares? how?

[grnbrg]

hi experts, i own some labratmining shares in bitfunder.  bitfunder is close to shutting down, what to do with these shares?  should i transfer the shares to direct shares? how?

You need to verify that you have control of the Bitcoin address used as your public identifier on Bitfunder.  See labratmining.com and https://bitcointalk.org/index.php?topic=251423.msg3532332#msg3532332 for more details.

DO NOT use BitFunder for transfer or trading.  It is no longer used by LRM.  There is a trading thread instead.

Verification emails can be sent to labrat@labratmining.com or to me.


grnbrg.

[||bit]

Bitstamp: $674 !

MtGox: $785 !!

China market is equivalent of $1010 !!!

[grnbrg]

CaVirtex:  C$805.

:boggle:



grnbrg.

[bittymitty]

Lab_rats last activity on bct was on November 09, 2013, 07:16:47 PM why is he hiding under a rock?

is he over his illness now?

[grnbrg]

Lab_rats last activity on bct was on November 09, 2013, 07:16:47 PM why is he hiding under a rock?

is he over his illness now?

He's feeling better, but still under the weather.  And pestering Dave for the last of the hardware.



grnbrg.

[ICantThinkOfaName]

http://www.youtube.com/watch?v=1lWJXDG2i0A

[bittymitty]

another bear trap maybe?

[grnbrg]

A missive from the Man himself.

Just got this a couple of minutes ago, with permission to repost:

I've been going 20 hours a day for months and understand what is to be done, and for this I'm truly sorry I've not been as verbal as is wanted. I'm going to be making some major updates to everything in the next couple days so please bare with me here. This business is my baby and I don't want to see it go down the tubes just because I don't have time to be public. I'm going to be setting aside some time to update the website/forums. And hopefully give some real definite numbers. Please don't kill me if other things get in the way in the very short run, but I want people to know I'm in this for the long haul and I know I couldn't have put this beast of a mining op together without each and every bond holder out there.

Even though things are crazy right now. There looks to be a few week gap in the near future here where i may be able to breathe for a moment and catch up with everyone. There's a lot of people out there I miss talking to. (Including you grnbrg)

There is a light at the end of this hard working tunnel though. And that light is... Whatever color Bitcoin is... (orange?) I do have some pretty crazy things in the works though as long as everything comes together as planned, which it's coming together.

Sincerely,
Lab_Rat

grnbrg.

[Ashitank]

A missive from the Man himself.

Just got this a couple of minutes ago, with permission to repost:

I've been going 20 hours a day for months and understand what is to be done, and for this I'm truly sorry I've not been as verbal as is wanted. I'm going to be making some major updates to everything in the next couple days so please bare with me here. This business is my baby and I don't want to see it go down the tubes just because I don't have time to be public. I'm going to be setting aside some time to update the website/forums. And hopefully give some real definite numbers. Please don't kill me if other things get in the way in the very short run, but I want people to know I'm in this for the long haul and I know I couldn't have put this beast of a mining op together without each and every bond holder out there.

Even though things are crazy right now. There looks to be a few week gap in the near future here where i may be able to breathe for a moment and catch up with everyone. There's a lot of people out there I miss talking to. (Including you grnbrg)

There is a light at the end of this hard working tunnel though. And that light is... Whatever color Bitcoin is... (orange?) I do have some pretty crazy things in the works though as long as everything comes together as planned, which it's coming together.

Sincerely,
Lab_Rat

grnbrg.

Awesome , Thank you Lab_rat & grnbrg for update    

[bobfranklin]

A missive from the Man himself.

Just got this a couple of minutes ago, with permission to repost:

Cheers heaps for the update. Poor bugger was hoping to get a break a few weeks ago but guessing he missed out on it from that.

[mboehler]

Lab_rats last activity on bct was on November 09, 2013, 07:16:47 PM why is he hiding under a rock?

is he over his illness now?

He's feeling better, but still under the weather.  And pestering Dave for the last of the hardware.



grnbrg.

Emphasis added by me.

I really hope Lab_Rat updates us about this soon.  I know I'm not the only one who is tired of watching our dividends get smaller and smaller while we wait for this two-week period to end.  Wait, has the two-week period even started yet?

The increase from last week was because Lab_Rat took the dividends of the unconfirmed addresses and distributed them to the confirmed ones, correct?

I can only hope that the increase in new hardware will offset the losses we've been seeing.

Please, Lab_Rat, bring us some good news in the form of hard data!

[birom]

I know I'm not the only one who is tired of watching our dividends get smaller and smaller while we wait for this two-week period to end.

I don't get it... If you don't want dividends to shrink forever, you need to add hardware quicker then the difficulty is rising. So you can either blow away the competition or buy new hardware. I don't think first option is viable, so you need to buy new hardware and you need money to buy it. Lab_Rat is no longer offering bonds for sale, so the only way how to get money is via reinvesting profit from mining. The more he reinvests, the more it is probable that the new hardware will bring dividend increase. So saying you want him to point new hardware to mine dividends for us means dividends will shrink FASTER because there will be less money for reinvestment. So your statement makes sense only if you are here for a short-term profit. But this doesn't make sense as there is not proper exchange, where you can sell your bonds. So you should prefer long-term profit, where basically the more you reinvest, the more you gain in the long-term.

[pontikis13]

I know I'm not the only one who is tired of watching our dividends get smaller and smaller while we wait for this two-week period to end.

I don't get it... If you don't want dividends to shrink forever, you need to add hardware quicker then the difficulty is rising. So you can either blow away the competition or buy new hardware. I don't think first option is viable, so you need to buy new hardware and you need money to buy it. Lab_Rat is no longer offering bonds for sale, so the only way how to get money is via reinvesting profit from mining. The more he reinvests, the more it is probable that the new hardware will bring dividend increase. So saying you want him to point new hardware to mine dividends for us means dividends will shrink FASTER because there will be less money for reinvestment. So your statement makes sense only if you are here for a short-term profit. But this doesn't make sense as there is not proper exchange, where you can sell your bonds. So you should prefer long-term profit, where basically the more you reinvest, the more you gain in the long-term.

Maximizing reinvestment doesn't automatically mean more overall profits. There are other factors like the rate of the difficulty increases to consider. We have to be very careful in calculating this. I sure would like to see someone do some math on this.

[Flashman]

I do have some pretty crazy things in the works though as long as everything comes together as planned, which it's coming together.

There's "The Wolf" so chill niggas.

[birom]

I sure would like to see someone do some math on this.

IMHO there are two many unknown variables to get any meaningful recommandation based on any math. Mainly unpredictable difficulty and because we don't see volume pricing Lab_Rat is getting. However my gut feeling and common sense is telling me we should be in the try-to-keep-up-with-difficulty mode whatever it costs (in other words 100% reinvestment).

The more I think about it, the more I would love to have different contract with Lab_Rat, which would be e.g. like this: For the funds you got during the first round of funding, you must control at least 1% of total bitcoin network hashrate and pay all excesive profit to bondholders.

This would untie Lab_Rat his hands and would LOOK riskier to bond holders, but it actually isn't. The reason is Lab_Rat would have more resources to fight diffuculty, which means more stable dividends in the LONG TERM. And even if he doesn't manage to keep up with difficulty and bond holders would not see any profit, then what does it matter because even in current contract we would not see any significant ROI.  So I'm very glad LR has at least those 14 days mining towards direct reinvestment in the contract.

[maqifrnswa]

I sure would like to see someone do some math on this.

IMHO there are two many unknown variables to get any meaningful recommandation based on any math. Mainly unpredictable difficulty and because we don't see volume pricing Lab_Rat is getting. However my gut feeling and common sense is telling me we should be in the try-to-keep-up-with-difficulty mode whatever it costs (in other words 100% reinvestment).

The more I think about it, the more I would love to have different contract with Lab_Rat, which would be e.g. like this: For the funds you got during the first round of funding, you must control at least 1% of total bitcoin network hashrate and pay all excesive profit to bondholders.

This would untie Lab_Rat his hands and would LOOK riskier to bond holders, but it actually isn't. The reason is Lab_Rat would have more resources to fight diffuculty, which means more stable dividends in the LONG TERM. And even if he doesn't manage to keep up with difficulty and bond holders would not see any profit, then what does it matter because even in current contract we would not see any significant ROI.  So I'm very glad LR has at least those 14 days mining towards direct reinvestment in the contract.

I think you should ONLY do things based on recommendations backed by reasonable math. Why would making reinvestment 100% improve the value of the offering, just because it feels good?

The math isn't that hard, and there are just two variables (time to delivery and difficulty rate)

HR=device hashrate you want to buy
NET=network hashrate at time you start hashing (need to estimate)
tau=1/e lifetime of your device (mining half life of the device), in days which also is the exponential difficulty growth rate
CURRENT=current network hashrate
T=time, in days, until delivery

If you guess what the network rate will be when it arrives and have an estimate of difficulty growth rate
HR/NET*3600*tau < the cost (in BTC) of the device you want to buy, DO NOT BUY IT
or if you have an idea of when it will arrive and an estimate of difficulty growth rate:
HR/CURRENT*e^{-T/tau}*3600*tau < the cost (in BTC) of the device you want to buy, DO NOT BUY IT


The approximation is that growth will increase exponentially over the time frame of usable mining. Don't say "it can't sustain this forever" because over the next year it should fit somewhat of an exponential as gen2 devices come out, and it's just a model - use a bigger tau in that case... These are models, you need to figure out what your tau and T's are, and back them up and justify it. Use this for security valuation, hedge against difficulty and price variance risk with futures. Pick a reasonable high, low, medium for those 2 variables, make a 3x3 chart and figure out what you'd need to break even. Invest based primarily on that.

this doesn't take into account electricity, rent - you need to figure that in too.

background:
I value a device at
\int_0^\infty HR/NET*25*144*e^{-t/\tau} dt
and say that NET can be CURRENT*e^{-t/\tau}


EXAMPLE:

Monarchs, CURRENT = 5000 TH/s, HR=600GH/s, cost ~6.5BTC
valuation is profitable if they deliver in 2 months and difficulty tau is 50 days (82% per month)

[rustyh17]

LRMers One and All,

I have been running an analysis spreadsheet for some time. It has served me well, but I figured I'd
share with everyone to see if it passes your scrutiny. I have used it (mostly) to figure out how much
hash rate LRM is (on average) providing each week and to figure out what dividend ROI we had seen
to date. Here is the share folder. I will be updating this on a fairly regular basis, so keep the share
folder URL if you find it useful.

https://drive.google.com/folderview?id=0Bw3222MuvkMCMmI0TFFFNXUybUk&usp=sharing

Summary:

1. DivROI = 10.49% to date   <---- this is based on 0.15 BTC/share price
2. Current total has MH/sh = 141.5   <---- we get 75% of this
3. Current total GH/s = 7,850.89 <---- this is a time averaged, no variance, rough value (we get 75% of this)
4. The Difficulty projections are based on http://bitcoinwisdom.com/bitcoin/difficulty and I've projected 20% per period
    into the future. This will be adjusted as necessary as the future unfolds.
5. $/BTC is based on blockchain.info chart data.
6. 08/24/13 GH/s hash rate jump was not real, rather based on accidently paying double dividends.
7. DivROI shown is cumulative week to week.

Input, suggestions, and corrections welcomed.

Rusty

Rev 1: Added basis for ROI % and clarifications on assumptions in 4 thru 7.