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Flashman
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November 22, 2013, 04:46:08 PM |
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Yah, but Cointerra and Hashfast, when have they ever shipped?
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TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Ashitank
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November 22, 2013, 07:10:26 PM
Last edit: November 23, 2013, 05:14:47 AM by Ashitank |
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Yah, but Cointerra and Hashfast, when have they ever shipped?
I hope you understand & appreciate cointera & hashfast shipping getting delayed further or else our dividends are screwed to satoshi dust. |
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Ashitank
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November 23, 2013, 05:15:20 AM |
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D - Day folks , prepare your self.  |
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M31
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November 23, 2013, 05:32:29 AM |
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D - Day folks , prepare your self. I've even gone as far as to put my pants on for this one Ashitank  |
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BKM
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November 23, 2013, 07:30:43 AM |
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D - Day folks , prepare your self. I've even gone as far as to put my pants on for this one Ashitank Wow - this IS serious.... and, we are over $840 USD on Bitstamp  |
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BKM
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November 23, 2013, 07:37:43 AM |
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Really does seem as though $1mill should have bought a lot more hash power than 25 Th.
At $30 per GH, $1,000,0000 would be producing approximately BTC27 per day today. But we are not entirely certain what we paid per GH and what is being delivered when. Not that we won't in the future when we get our divs..... Just sayin, "Communication is a process; not an event." |
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||bit
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November 23, 2013, 01:40:38 PM
Last edit: November 23, 2013, 01:52:09 PM by ||bit |
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Consider what this price increase means for LRM. Assuming LR has acquired an extra 20TH to mine with. Then from the two weeks (probably equivalent of more) of mining, LR will accumulate roughly $200,000 for purchase of new hardware once it's all done.
To put that in perspective, 50,000 bonds bought at an average of say $15 each (i.e. BTC0.15/bond @ ~$100/BTC) was roughly $750,000 initially for investment (not all went to hardware at first - there were some intiial setup costs). Therefore, from just these two weeks there the new hardware should (I think) generate 30+% as much as all initial bond sales/trades proceeds combined - measured in fiat. Which is important, because hardware is priced in fiat.
LRM @ 100TH (2GH/bond) seems quite possible not too far out. Unless the Bitfury guys want to raise or keep prices higher due to bitcoin price being higher.
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ICantThinkOfaName
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November 23, 2013, 01:58:25 PM |
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Anyone want to wildly guess divs per share for 12/14/13 ?
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Frankthechicken
Member
 Offline
Activity: 112
Merit: 10
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November 23, 2013, 02:30:53 PM |
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Anyone want to wildly guess divs per share for 12/14/13 ?
I love guessing. We have two difficulty adjustments between now and then which we don't know for sure when exactly they happen. I figure roughly minus 20% total. Plus 5 days at 7x our current hashrate. I think it would be best to apply that estimate to today's dividend. I'm not sure using the last div as a basis is accurate since I think it included the accrued of the unclaimed? So... using two weeks ago of 0.000557995, today might be around .00047? ((.00047 * 0.80)*(2/7 of a week))+((.00047*0.80)*7x hashrate*(5/7 of a week)) Maybe 0.001987? |
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Ashitank
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November 23, 2013, 02:34:21 PM |
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Hoping Lab_rat does come online today & answer some of the questions raised earlier.
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Flashman
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November 23, 2013, 03:40:28 PM |
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Hoping Lab_rat does come online today
Maybe he's staying in cold storage so we can't interweb mind hack him. |
TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
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ICantThinkOfaName
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November 23, 2013, 03:52:54 PM |
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Anyone want to wildly guess divs per share for 12/14/13 ?
I love guessing. We have two difficulty adjustments between now and then which we don't know for sure when exactly they happen. I figure roughly minus 20% total. Plus 5 days at 7x our current hashrate. I think it would be best to apply that estimate to today's dividend. I'm not sure using the last div as a basis is accurate since I think it included the accrued of the unclaimed? So... using two weeks ago of 0.000557995, today might be around .00047? ((.00047 * 0.80)*(2/7 of a week))+((.00047*0.80)*7x hashrate*(5/7 of a week)) Maybe 0.001987? Thanks! |
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Lab_Rat (OP)
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November 23, 2013, 05:04:07 PM |
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Really does seem as though $1mill should have bought a lot more hash power than 25 Th.
I can assure you that with the exchange rates at time of purchases there wasn't a $1m to play with... |
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mufa23
Legendary
Offline
Activity: 1022
Merit: 1001
I'd fight Gandhi.
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November 23, 2013, 05:11:22 PM |
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He speaks!
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Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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Lab_Rat (OP)
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November 23, 2013, 05:18:35 PM |
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I just realized in my quick typing I said "another 17TH" when I meant up to 17TH. We currently have 21TH up, another 2 I just got in from Dave and a couple TH in BFL gear I'm moving. Should total ~25TH of which all but 5.25-5.5TH will be mining for hardware. The 14 days will begin Monday as I will have everything settled in and running smooth. 12/8 will be the last day of mining for hardware with the newly acquired bunch. From then on out I will be putting a decent amount into reinvestment. I am looking for the absolute best reinvestment opportunity at the time being as we will have accrued a decent amount of coin from this period. I will also likely be putting in some personal coin and cash to increase the purchasing power of the company. I am going to work a lot today to get everything updated, but to start. Here's the updated list: https://drive.google.com/folderview?id=0BwZCh0jtSZkwQXhYSVhzaWZUcmc&usp=sharing |
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Ashitank
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November 23, 2013, 05:30:16 PM |
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Lab_rat , could you please share with us financial reports of LRM from day 1 as to bring more clarity to this whole project.
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bigasic
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November 23, 2013, 05:48:16 PM |
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If the 2 weeks start monday then we should have quite a bit of coins. If I remember correctly, the machines started to come in a couple weeks ago. Sounds like we will be in good shape...
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mboehler
Member
Offline
Activity: 68
Merit: 10
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November 23, 2013, 06:05:30 PM |
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I just realized in my quick typing I said "another 17TH" when I meant up to 17TH. We currently have 21TH up, another 2 I just got in from Dave and a couple TH in BFL gear I'm moving. Should total ~25TH of which all but 5.25-5.5TH will be mining for hardware. The 14 days will begin Monday as I will have everything settled in and running smooth. 12/8 will be the last day of mining for hardware with the newly acquired bunch. From then on out I will be putting a decent amount into reinvestment. I am looking for the absolute best reinvestment opportunity at the time being as we will have accrued a decent amount of coin from this period. I will also likely be putting in some personal coin and cash to increase the purchasing power of the company. I am going to work a lot today to get everything updated, but to start. Here's the updated list: https://drive.google.com/folderview?id=0BwZCh0jtSZkwQXhYSVhzaWZUcmc&usp=sharingWhat does "From then on out I will be putting a decent amount into reinvestment" mean exactly? |
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