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[Lab_Rat]

Quick updates while I have ~3 seconds.

This weekend will be the last weekend there is a deduction from divs due to the double payout.

A few updates, a lucky day at the pool netted ~18 BTC.  Currently at ~62.7 BTC for the week, where it goes from here is based on luck.

Now that 54000 BTUs of fresh AC was installed in the hosting location (finished earlier today) I moved the hardware back in and it should be nice and cool.

Been pushing 2.65-2.7TH the past couple days, but ~600GH had to be shut off for ~8 hours while the work was being done to avoid getting dust in the units.

There is a large deal in the works that could land a very sizable amount of hardware for the company, we'll see how it works out.

Dave should be pointing some gear at LRM by the 15th as per our deal.  It currently looks to be at least 800GH/s.

BFL Single issues: there were problems with 2 singles, got one to work and the other has a replacement on it's way.

More hardware on it's way in the TH range, should be here by the end of this week or beginning of next.

And to all of those people out there who are concerned, I will not be placing any further orders with BFL as has been my intention.

[bittymitty]

Keep up the good work Lab_Rat.

Make sure you don't overheat yourself with all the hard work!

[Lab_Rat]

Got a lot of good news on the way, some of it I just can't release yet.  I probably should take a day off every couple weeks though shouldn't I? 

[bittymitty]

I hear Fiji is nice this time of year  just make sure you leave someone behind to whip the miners for you.

[||bit]

Got a lot of good news on the way, some of it I just can't release yet.  I probably should take a day off every couple weeks though shouldn't I?  

How soon might this release happen? Let's call it release "R 1.0". That way you can reference to what you are thinking about here.

[||bit]

Good thing bitcoin value seems to be rallying on the exchanges. That means LR can purchase more hardware when he places it with Dave soon.

[||bit]

Labrat,

I'd like to suggest finding an entity willing to take your Butterfly Lab's Monarch order position in order to purchase more Bit Fury hardware. There is a feature on the BFL website to transfer orders to others now. I think you would agree, correct me if wrong, that $66,000 more of Bit Fury hardware sooner would be far better than Monarchs in February or March. Plus, I think Dave would redirect you another 400GH since that would be more than $50,000 more ordered. Seems a good business move.

If you like this idea. Post a forum thread. And if you want, I think we can beat the bushes for you to find a taker to assume your earlier Monarch order position at cost. Since it's paid, if you used a discount voucher, you might be allowed to keep that as profit for LRM.

[nwfella]

Got a lot of good news on the way, some of it I just can't release yet.  I probably should take a day off every couple weeks though shouldn't I? 

Whooa just a minute there mister!! Lab Rat's don't get day's off!!
Vacation request...Denied!!! 

*On a serious note though: absolutely you should take a day off once in awhile...preferably non-delivery days

[mmmerlin]

Labrat,

I'd like to suggest finding an entity willing to take your Butterfly Lab's Monarch order position in order to purchase more Bit Fury hardware. There is a feature on the BFL website to transfer orders to others now. I think you would agree, correct me if wrong, that $66,000 more of Bit Fury hardware sooner would be far better than Monarchs in February or March. Plus, I think Dave would redirect you another 400GH since that would be more than $50,000 more ordered. Seems a good business move.

If you like this idea. Post a forum thread. And if you want, I think we can beat the bushes for you to find a taker to assume your earlier Monarch order position at cost. Since it's paid, if you used a discount voucher, you might be allowed to keep that as profit for LRM.

A nice idea, but I think you'd need to let the discount voucher apply to the order and not keep the difference as profit, otherwise you'll really struggle to find a buyer. I mean, who pays face value for BFL hardware?

[Bargraphics]

Cointerra just sent this email

Dear Mining entusiast,

We are excited to announce our second batch of specialized ASIC mining equipment for early January 2014 delivery.

There is a new product that is being launched in the January batch, the 1 TH/s TerraMiner II, which sells for $3499.

There is also the TerraMiner IV retailing for $5999 in the January batch. That makes it the first mining equipment to break the $3 per Gigahash barrier!

Both products feature CoinTerra's 500 GH/s GoldStrike1 chip, which is already the fastest chip announced in the Bitcoin market. Physical Design results for GoldStrike1 show that some of these chips can perform as high as 700 Gh/s. There is a possibility that at the time of delivery customers may be offered an option to upgrade their TerraMiner for a small fee, further lowering the cost per Gigahash.

Best wishes,

CoinTerra Sales Team

Lab_Rat better start cancelling those Monarchs.

[mmmerlin]

Cointerra just sent this email

Dear Mining entusiast,

We are excited to announce our second batch of specialized ASIC mining equipment for early January 2014 delivery.

There is a new product that is being launched in the January batch, the 1 TH/s TerraMiner II, which sells for $3499.

There is also the TerraMiner IV retailing for $5999 in the January batch. That makes it the first mining equipment to break the $3 per Gigahash barrier!

Both products feature CoinTerra's 500 GH/s GoldStrike1 chip, which is already the fastest chip announced in the Bitcoin market. Physical Design results for GoldStrike1 show that some of these chips can perform as high as 700 Gh/s. There is a possibility that at the time of delivery customers may be offered an option to upgrade their TerraMiner for a small fee, further lowering the cost per Gigahash.

Best wishes,

CoinTerra Sales Team

Lab_Rat better start cancelling those Monarchs.

FML. Anyone want to buy some butterfly themed paperweights?

[mmmerlin]

FML. Anyone want to buy some butterfly themed paperweights?

Have no fear, you will be able to "Trade them in" for the next size up in Butterfly Themed Paperweights!

Not good enough, I need more empty promises than that! When you allow yourself to say anything just to keep customers hanging on I expect more extravagant lies than the ones I'm currently being told! I DEMAND MOAR!!

[CumpsD]

How about trading them in for 1000 ATI cards? :p

[mmmerlin]

How about trading them in for 1000 ATI cards? :p

Done and done! If you'll swap all my Singles for the equivalent hashing power in 6950's or above then I'll snap your hand off! You're forgetting that they actually have retail value outside bitcoin!

[||bit]

Labrat,

I'd like to suggest finding an entity willing to take your Butterfly Lab's Monarch order position in order to purchase more Bit Fury hardware. There is a feature on the BFL website to transfer orders to others now. I think you would agree, correct me if wrong, that $66,000 more of Bit Fury hardware sooner would be far better than Monarchs in February or March. Plus, I think Dave would redirect you another 400GH since that would be more than $50,000 more ordered. Seems a good business move.

If you like this idea. Post a forum thread. And if you want, I think we can beat the bushes for you to find a taker to assume your earlier Monarch order position at cost. Since it's paid, if you used a discount voucher, you might be allowed to keep that as profit for LRM.

A nice idea, but I think you'd need to let the discount voucher apply to the order and not keep the difference as profit, otherwise you'll really struggle to find a buyer. I mean, who pays face value for BFL hardware?

The person that would pay would be anyone that wants to place a new Monarch order. However, you are correct that that would make it not as easy to find a taker.

Let's suggest this collectively to Labrat... Any +1's for this idea?

[bittymitty]

Good luck getting a buyer for BFL gear now. 

From the amount of charge backs they are getting I'm guessing they will be bankrupt by December.

[||bit]

Good luck getting a buyer for BFL gear now. 

From the amount of charge backs they are getting I'm guessing they will be bankrupt by December.

I'll take that as a +1 from you then... is that a fair assessment? 

[bittymitty]

Yes +1 to selling Monarchs, I would even +1 selling them at a loss

[bittymitty]

Is the BFL website down?

I get
Error 520
Web server is returning an unknown error

[mmmerlin]

Is the BFL website down?

I get
Error 520
Web server is returning an unknown error

Nope, it's fine, but here's a handy tool for next time you're wondering, it's helped me out many times!

http://www.downforeveryoneorjustme.com/

EDIT: Do click the link, I just read my post and realised it looks like a sarcastic post but it's a real site that's actually very useful!