Upon starting this company, I began the never-ending search for the biggest (or rather smallest) baddest hardware out there. Ranging from 65nm to 20nm the choices are becoming harder and harder to make with companies coming out with a new offering every day. Some of these offers are scams, others are blatant lies when it comes to time frame or specs, and others are made by less than knowledgeable hardware distributors that have high hopes and fall short. Weeding through all of the competition that has sprung up in the last year is a full time job in itself.
I consider myself lucky to have stumbled upon BitFury at just the right time and have built a friendship with Dave Carlson of MegaBigPower. This man built, and continues to add to, what is possibly and probably the largest mine in North America. This week I had the honor of meeting with Dave at his mine which has grown to an impressive 700+ TH/s and is quite possibly 800+TH/s as of today as more hardware was being added while I was there. The actual reason behind this meeting was a little more impressive than the mine itself if that is possible.
LRM has locked in an order with a guaranteed hashrate of 156+TH/s, but this order is not coming in the typical form that people are used to seeing. A new and specially designed piece of equipment which is the first 1+TH piece of equipment to be in the hands of a customer. The untested and unoptimized rig pulled over 1.5TH/s on its first bootup.
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The newly designed rig is an impressive M-Board with 48 slots. This rig is not publicly available at this time and will not likely be made available for some time, if at all. The fact that the slots have been tripled is just a minor part of what makes this such a beast. The H-cards are now smaller and contain 15 (3x5) chips instead of 16.
On top of the M-board and chip quantity changes, the H-cards are now aluminum backed!!!
This turns the PCBs into their own heatsink. This rig is based on 55nm chips, operates as fast or faster than all the competitors at this time, and doesn't even need crazy (and expensive) cooling.
For the large expansion to the mine, we are moving the mine to another location. This location, that will remain unlisted, has power in the 1.7c/kWh range. With power at these prices, it ensures the longevity of the company for as long as Bitcoin Mining itself exists.
As released today on BusinessWire and CoinDesk, LabRatMining is working with CoinSeed CEO, Merlin Kauffman, to help CoinSeed build out an extremely large scale mine. By partnering up with Merlin, LabRatMining will also benefit from the economies of scale on the hardware and build-out alike. We're looking forward to a longstanding relationship with CoinSeed and Dave Carlson of MegaBigPower. The circumstances involved in this deal ensure that LabRatMining is here to stay.
To read the full article, visit CoinDesk:
http://www.coindesk.com/coinseed-5m-investment-bitfury-mining/
