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[grnbrg]

Blatant plug post....   

For those interested in breaking LRM news...

I post LRM updates to the LabRatMining News Twtter feed.


grnbrg.

[1715386548]

1715386548

[1715386548]

1715386548

[BKM]

Wow - around 2000 market depth to 1.0 BTC

[mmmerlin]

Wow - around 2000 market depth to 1.0 BTC

Surely the interesting side to look at is the market depth down to a certain price? I imagine most people would sell for now for a quick 6x their money back (which is what 1BTC would be if you bought at 0.16). You need to be looking at the market depth on the buying side not the selling side...

[mmmerlin]

So far over 350 bonds have been sold for 0.17BTC and above...

[Bargraphics]

So far over 350 bonds have been sold for 0.17BTC and above...

This is still cheap, I believe Lab_Rat will be able to obtain a great deal more HashRate from Dave + Bitfury at very competitive pricing.

Also BFL (I know everyone hates them) just announced a 600TH "Card" for $4,600. Lab_Rat is on very good grounds with BFL and I believe if he acts quickly he will be first in line for this and be able to get bulk pricing that a normal miner could not get.

Times are changing, these IPO companies will be the only ones that have enough capital to get very good pricing and early adopters will benefit from this.

Get these shares before they reach .2 or .3 each...

[||bit]

So far over 350 bonds have been sold for 0.17BTC and above...

This is still cheap, I believe Lab_Rat will be able to obtain a great deal more HashRate from Dave + Bitfury at very competitive pricing.

Also BFL (I know everyone hates them) just announced a 600TH "Card" for $4,600. Lab_Rat is on very good grounds with BFL and I believe if he acts quickly he will be first in line for this and be able to get bulk pricing that a normal miner could not get.

Times are changing, these IPO companies will be the only ones that have enough capital to get very good pricing and early adopters will benefit from this.

Get these shares before they read .2 or .3 each...

If BTC value increases, then it will pressure LRM "bond" price downward. And because BTC is more liquid than LR "bonds", it seems one should then think carefully about buying or selling to either side. Theoretically, by the market, it should be no net effect on total asset value if you hold bonds while BTC value changes.

Even so, my feeling is that LR should make available more new bonds as BTC value goes up (to maximize per bond hardware purchases). And scale down bonds sales if BTC value drops. Perhaps, even stopping bond sells if BTC value drops below a certain threshold. Not completely sure. I wonder if it's possible to set up for selling fractional "bonds" based on BTC value to some fiat or even to gold (probably dollars since the most available hardware is priced in dollars). Or say one unit bond is equal to one gram of gold value. Therefore, about 28.3 bond units would be worth the value of one ounce of gold (but in the form of the best producing hardware).


UPDATE: I think I will change my mind on part of the above. If BTC value went up or down (e.g. compared to fiat), it might not affect LRM "bond" price. Why? LRM is generating BTC dividends. Therefore, even though a rise in BTC value might seem to make a "bond" price appear more expensive, that seems to be equally countered by the fact that there are BTC generated by the "bond". But that may still be a wrong way to look at it.

[grnbrg]

Some (most?) of you may have heard that BFL has announced a 28nm ASIC design, and offered to let people with V1 orders transfer their order to the new product line.

@Lab_Rat's comment on how this will affect LRM's BFL order, from the BFL forum:

Regarding Monarchs, I can assure you I'm not going to skip out on them, but I'm also not going all in. I am going to check on the 'Institutional Pricing' when there are individuals at BFL I may talk to. What will likely happen is that I will be converting the late order of 500GH units to Monarchs and applying the necessary funds to reach 50+ at the discounted price we reach when discussing this matter.

The way I see things is that these are excellent for long run equipment, but they will take multiple months to get in hand when a 500GH unit tomorrow will mine quite a few coins before that point. For this reason I will not be placing all of LRMs funds in this sort of purchase. I firmly believe that spreading between the best-bet companies is the way to go and I can assure you all that you will not regret my decision to do so.

I have some 65nm equipment coming in as we speak as well as some in hand, I have some 55nm equipment coming in soon, and will have some 28nm equipment coming in at the end of the year it seems. LRM will not miss the boat on any sort of deal that will further this company.

Just FYI.


grnbrg.

[mmmerlin]

Market value is being established and we're up to 0.178 BTC/bond already. I wonder why more people didn't buy before the bulk shares were pulled...

[mufa23]

Market value is being established and we're up to 0.178 BTC/bond already. I wonder why more people didn't buy before the bulk shares were pulled...

I personally didn't buy more until the last minute. I was hoping the value of LTC might go up, and could get a better rate between LTC/BTC. It didn't change, so I bit the bullet and cashed out some of my LTC to buy more bonds.

At this point, I don't want to invest more that what I am willing to lose in case Lab_Rat is less then trustworthy. I found it odd that the guy seemingly showed up out of nowhere on BFL's forum, than came over here. I am assuming he's some well known user here, made an account on BFL's forum under a new name, and now running his new identity over here. Not trying to spread rumors or anything. This is entirely speculation. But that's my reason for not investing more.

[mmmerlin]

Market value is being established and we're up to 0.178 BTC/bond already. I wonder why more people didn't buy before the bulk shares were pulled...

I personally didn't buy more until the last minute. I was hoping the value of LTC might go up, and could get a better rate between LTC/BTC. It didn't change, so I bit the bullet and cashed out some of my LTC to buy more bonds.

At this point, I don't want to invest more that what I am willing to lose in case Lab_Rat is less then trustworthy. I found it odd that the guy seemingly showed up out of nowhere on BFL's forum, than came over here. I am assuming he's some well known user here, made an account on BFL's forum under a new name, and now running his new identity over here. Not trying to spread rumors or anything. This is entirely speculation. But that's my reason for not investing more.

I think you've got something wrong, but I'm not sure how that's happened. He's been probably the single the biggest contributor on the BFL forum for about a year now, he didn't come out of nowhere at all. He got made moderator on their forums through his continued good work, and reasonable attitude, but stepped down from being a mod when he founded this company due to the potential conflict of interest (again demonstrating a good attitude). What makes you think he popped up out of nowhere over there?

EDIT: Link to his profile on the BFL forum showing 1,181 posts https://forums.butterflylabs.com/members/lab_rat.html.

[BKM]

At this point, I don't want to invest more that what I am willing to lose in case Lab_Rat is less then trustworthy. I found it odd that the guy seemingly showed up out of nowhere on BFL's forum, than came over here. I am assuming he's some well known user here, made an account on BFL's forum under a new name, and now running his new identity over here. Not trying to spread rumors or anything. This is entirely speculation. But that's my reason for not investing more.

You are wildly off the mark on this speculation Mufa. Lab_Rat is a hard working, above board and dedicated guy who has been engaged in the community for some time (just not so much on BTCTalk). In my experience he is consistently a positive contributor as mod on the BFL forum (which he quit when forming LRM) and in helping others with their mining questions as larger scale LTC miner and FPGA owner.

[LostDutchman]

At this point, I don't want to invest more that what I am willing to lose in case Lab_Rat is less then trustworthy. I found it odd that the guy seemingly showed up out of nowhere on BFL's forum, than came over here. I am assuming he's some well known user here, made an account on BFL's forum under a new name, and now running his new identity over here. Not trying to spread rumors or anything. This is entirely speculation. But that's my reason for not investing more.

You are wildly off the mark on this speculation Mufa. Lab_Rat is a hard working, above board and dedicated guy who has been engaged in the community for some time (just not so much on BTCTalk). In my experience he is consistently a positive contributor as mod on the BFL forum (which he quit when forming LRM) and in helping others with their mining questions as larger scale LTC miner and FPGA owner.

What you wrote!

My $.02.

[Bargraphics]

I'm excited for this weeks dividends

[mmmerlin]

I'm excited for this weeks dividends

You are not alone! 

[a2offrb]

They will be only about 5 times better than last time.
Still far away from 20TH that should be....

[mmmerlin]

They will be only about 5 times better than last time.
Still far away from 20TH that should be....

Yes, "only" a 500% increase in one week. We are already:

~15% of the way to the promised 100MH/bond,
4.2%  of the way to the intermediate 350MH/bond and
2.6%  of the way to the currently forecast 570MH/bond

but it has only been a couple of weeks. This is quite promising IMHO, and when BitFury gets going, things are going to change rapidly...

[Dropthebass]

Yep, "only 500%" up. The APR is meeting the competition's atm. I can't wait to see the hardware running !

[Bargraphics]

They will be only about 5 times better than last time.
Still far away from 20TH that should be....

Yes, "only" a 500% increase in one week. We are already:

~15% of the way to the promised 100MH/bond,
4.2%  of the way to the intermediate 350MH/bond and
2.6%  of the way to the currently forecast 570MH/bond

but it has only been a couple of weeks. This is quite promising IMHO, and when BitFury gets going, things are going to change rapidly...

The deal has been struck and we know bitfury(dave) can deliver.

Look at the sacrifices he's making based on the PCBs being wrong for 100TH, look at the "mining with his personal equipment for Lab Rat Mining", he's a good guy. I have full faith that Lab Rat choose a very good ASIC "Partner" and early shareholders will easily recover what they spent on shares.

[grnbrg]

(....) and early shareholders will easily recover what they spent on shares.

Speaking of shares...  Nearly 200 shares have been traded at around 0.185 in the last 24 hours.  That's up 15% over last week.

I've also been told that another Single and Little Single were added to the mining pool over the week, bringing the total hashrate from 610 GH/s to 700 GH/s.



grnbrg.

[mmmerlin]

(....) and early shareholders will easily recover what they spent on shares.

Speaking of shares...  Nearly 200 shares have been traded at around 0.185 in the last 24 hours.  That's up 15% over last week.

I've also been told that another Single and Little Single were added to the mining pool over the week, bringing the total hashrate from 610 GH/s to 700 GH/s.



grnbrg.

I think they are still good value at that price, thought time will tell. It's the usual case of risk/reward ratio, but once the BitFury shipments hit I imagine that price may move considerably further...