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[bittymitty]

I did click it and it was just me.

TYVM

[||bit]

I did click it and it was just me.

TYVM

I can't see the http://www.downforeveryoneorjustme.com/ website. Is it down or just me?  j/k

[bittymitty]

hold on let me check www.areyoubeingsarcastic.com

[mmmerlin]

I did click it and it was just me.

TYVM

I can't see the http://www.downforeveryoneorjustme.com/ website. Is it down or just me?  j/k

That is brilliant!  

Reminds me of searching for "recursion" on google... 

[BKM]

It will be very interesting to see what the BTC mining world will look like in March 2014.

thegenesisblock.com reports that coninterra and hashfast together have sold more than $17.5 Million worth of gear so far. This is before today's announcement from Cointerra regarding the newly available Terrahash IV.

As of September 10th, I've been waiting 6 months on my first order of BFL gear. In that same period the network has gone up by nearly 10x

Will go up another 10x in the next 6 months? I think yes. Verly likely much more. Just to keep up with current dividend levels, LRM will need to be 10x of what it is today.

When you consider that RL returns on owner operated companies are in the range of the low 30%'s to highs of mid 40%'s it is reasonable to expect that the returns to miners will approach these levels before the rate of growth in the network begins to level off. The notion of a 2 - 3 month payback on gear has already gone by the wayside and the "fever" is giving way to the norms of investing into any particular business venture. Eventually the 'industry' of mining will yield something on the order of a Johnson & Johnson or other dividend paying blue chip. This does not contemplate the expected increase in the value of BTC which of course could be realized simply by buying BTC itself. Running a lean operation, getting the capital reinvestment ratios right and picking the right suppliers will be critical success factors going forward. Another important factor will be timing the divestiture of EOL gear.

LRM has every appearance of getting off to a good start. I'm certainly far happier with my LRM purchase than that of BFL

Keep up the good work Zachary, we're counting on you.  

[bittymitty]

One thing to note is that LRM still has 50,000 shares to sell.

LRM should be able to sell these shares and purchase new mining equipment later in the year/ early next year.

I for one will be reinvesting all my dividends in to more shares to grow the fund.

[mmmerlin]

It will be very interesting to see what the BTC mining world will look like in March 2014.

thegenesisblock.com reports that coninterra and hasfast together have sold more than $17.5 Million worth of gear so far. This is before today's announcement from Cointerra regarding the newly available Terrahash IV.

As of September 10th, I've been waiting 6 months on my first order of BFL gear. In that same period the network has gone up by nearly 10x

Will go up another 10x in the next 6 months? I think yes. Verly likely much more. Just to keep up with current dividend levels, LRM will need to be 10x of what it is today.

When you consider that RL returns on owner operated companies are in the range of the low 30%'s to highs of mid 40%'s it is reasonable to expect that the returns to miners will approach these levels before the rate of growth in the network begins to level off. The notion of a 2 - 3 month payback on gear has already gone by the wayside and the "fever" is giving way to the norms of investing into any particular business venture. Eventually the 'industry' of mining will yield something on the order of a Johnson & Johnson or other dividend paying blue chip. This does not contemplate the expected increase in the value of BTC which of course could be realized simply by buying BTC itself. Running a lean operation, getting the capital reinvestment ratios right and picking the right suppliers will be critical success factors going forward. Another important factor will be timing the divestiture of EOL gear.

LRM has every appearance of getting off to a good start. I'm certainly far happier with my LRM purchase than that of BFL

Keep up the good work Zachary, we're counting on you. 

+10

The maths behind optimising the reinvestment strategy is not trivial, but I'm sure there are many here who would be able to help with this. In a month or so I will certainly offer my help in performing an analysis of what the best course will be. I hope some other (suitably qualified) people will join me in this.

[||bit]

It will be very interesting to see what the BTC mining world will look like in March 2014.

I'm pretty sure it will involve flying monkeys and a lot of sponge cake.

[LostDutchman]

It will be very interesting to see what the BTC mining world will look like in March 2014.

I'm pretty sure it will involve flying monkeys and a lot of sponge cake.

Not to mention unicorns.

My $.02.

[||bit]

One thing to note is that LRM still has 50,000 shares to sell.

LRM should be able to sell these shares and purchase new mining equipment later in the year/ early next year.

I for one will be reinvesting all my dividends in to more shares to grow the fund.

Personally, I won't think more investing until LRM proves capable of sustained growth into the summer of 2014. The winter looks like it could do well, but you never know.

[||bit]

OT: My bet is BFL offers 1.2TH for their current same price on Monarch orders. Watch and see.  

[mmmerlin]

OT: My bet is BFL offers 1.2TH for their current same price on Monarch orders. Watch and see.  

Why not just make it 10? It's not like they'll ever manage to actually make that chip on spec or on time, and it's proven that they can promise the earth and deliver a shit on a plate and get away with it. They have everything to gain by making promises they can't deliver on, and apparently nothing to lose (at least in the short/medium term), so this is why you should take their specs with more than just a pinch of salt.

[||bit]

OT: My bet is BFL offers 1.2TH for their current same price on Monarch orders. Watch and see.  

Why not just make it 10? It's not like they'll ever manage to actually make that chip on spec or on time, and it's proven that they can promise the earth and deliver a shit on a plate and get away with it. They have everything to gain by making promises they can't deliver on, and apparently nothing to lose (at least in the short/medium term), so this is why you should take their specs with more than just a pinch of salt.

My guess is based on how they reacted to Avalon's better deal last year. Now, Cointerra has a January pre-order selling for $3.5/GH. But to beat Cointerra, they'd have to offer a bit more than I suggested. At least the principle is in play for betting.

[mmmerlin]

OT: My bet is BFL offers 1.2TH for their current same price on Monarch orders. Watch and see.  

Why not just make it 10? It's not like they'll ever manage to actually make that chip on spec or on time, and it's proven that they can promise the earth and deliver a shit on a plate and get away with it. They have everything to gain by making promises they can't deliver on, and apparently nothing to lose (at least in the short/medium term), so this is why you should take their specs with more than just a pinch of salt.

My guess is based on how they reacted to Avalon's better deal last year. Now, Cointerra has a January pre-order selling for $3.5/GH. But to beat Cointerra, they'd have to offer a bit more than I suggested. At least the principle is in play for betting.

Yeah, but the problem is that they can't compete with them! The barely managed with Avalon, but they simply don't have the ability to design hardware on the same level. Just because you want to compete with someone doesn't mean that you can...

But I was saying before, I agree that I don't think that means they won't try to compete by making promises they fail to keep.

[Lab_Rat]

Paid out dividends a little early this week everyone, got some hardware to set up again this Saturday and wanted to make sure they went out on time.

This is the last week the dividends will be cut due to the double payout.  Next week we go back to normal dividends and we'll have a nice spike in hashrate to boot.

Actual dividend payout today was BTC57.61383896 or 49496 @ BTC0.00116401 a piece.  Things will only get better from here on out.

[mmmerlin]

Paid out dividends a little early this week everyone, got some hardware to set up again this Saturday and wanted to make sure they went out on time.

This is the last week the dividends will be cut due to the double payout.  Next week we go back to normal dividends and we'll have a nice spike in hashrate to boot.

Actual dividend payout today was BTC57.61383896 or 49496 @ BTC0.00116401 a piece.  Things will only get better from here on out.

Nice payout, thank you very much! Dividends steadily climbing, share price steadily falling... It's a strange world we live in 

[M31]

Paid out dividends a little early this week everyone, got some hardware to set up again this Saturday and wanted to make sure they went out on time.

This is the last week the dividends will be cut due to the double payout.  Next week we go back to normal dividends and we'll have a nice spike in hashrate to boot.

Actual dividend payout today was BTC57.61383896 or 49496 @ BTC0.00116401 a piece.  Things will only get better from here on out.

Nice payout, thank you very much! Dividends steadily climbing, share price steadily falling... It's a strange world we live in 

Strange indeed - but I'm happy to buy as many shares as I can each Saturday.  It looks like some people are shedding shares they recently acquired in exchange for hardware.

[||bit]

Paid out dividends a little early this week everyone, got some hardware to set up again this Saturday and wanted to make sure they went out on time.

This is the last week the dividends will be cut due to the double payout.  Next week we go back to normal dividends and we'll have a nice spike in hashrate to boot.

Actual dividend payout today was BTC57.61383896 or 49496 @ BTC0.00116401 a piece.  Things will only get better from here on out.

Do you know when you're going to be placing the orders with Dave yet?

[nwfella]

Paid out dividends a little early this week everyone, got some hardware to set up again this Saturday and wanted to make sure they went out on time.

This is the last week the dividends will be cut due to the double payout.  Next week we go back to normal dividends and we'll have a nice spike in hashrate to boot.

Actual dividend payout today was BTC57.61383896 or 49496 @ BTC0.00116401 a piece.  Things will only get better from here on out.

Nice payout, thank you very much! Dividends steadily climbing, share price steadily falling... It's a strange world we live in 

Whoa! 116,000+ satoshis per share with 2nd half of mix-up taken out?! More hash being added this week, next weeks payout bound to be even bigger. And as mmmerlin mentions, price still going down...earn more satoshi on shares held while earning more every week on a per-share basis.

conclusion: I would be a fool not to pick up a few more of these ASAP

[||bit]

Paid out dividends a little early this week everyone, got some hardware to set up again this Saturday and wanted to make sure they went out on time.

This is the last week the dividends will be cut due to the double payout.  Next week we go back to normal dividends and we'll have a nice spike in hashrate to boot.

Actual dividend payout today was BTC57.61383896 or 49496 @ BTC0.00116401 a piece.  Things will only get better from here on out.

Nice payout, thank you very much! Dividends steadily climbing, share price steadily falling... It's a strange world we live in 

Whoa! 116,000+ satoshis per share with 2nd half of mix-up taken out?! More hash being added this week, next weeks payout bound to be even bigger. And as mmmerlin mentions, price still going down...earn more satoshi on shares held while earning more every week on a per-share basis.

conclusion: I would be a fool not to pick up a few more of these ASAP

I forgot, but I think it was the 3rd 1/3rd of the mix-up taken out. Either case, next week seems scheduled to be normal dividends.