Mindsync Miner
Member
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Activity: 69
Merit: 10
An independent miner.
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November 26, 2013, 09:14:52 PM |
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These aren't aimed toward your average individual... $10k buy in on 1 rig....
Is this code that it's aimed for... a mining farm? Our mining farm? The timing of LR's big surprise and the KNC announcement on the same day springs all sorts of conspiracy-mongering to mind. But correlation does not mean causation. |
You'll know me as dgiors in some other forums.
LTC: LWUQSovF76vTPoCnoH9NzfChX6dxQ6Qra7 BTC: 1MQLfiKA5A6goEiSwMdVyVvFw4YgCj489V
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Lab_Rat (OP)
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November 26, 2013, 09:19:22 PM |
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These aren't aimed toward your average individual... $10k buy in on 1 rig....
Is this code that it's aimed for... a mining farm? Our mining farm? The timing of LR's big surprise and the KNC announcement on the same day springs all sorts of conspiracy-mongering to mind. But correlation does not mean causation. It may have been one of the things I knew was going to happen today, but the news I got on the other front may be a bust. Going to be another couple days to figure out what's going on, if we decide to go that route... I'm really hoping it works out though. |
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ksenter
Member
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Activity: 90
Merit: 10
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November 26, 2013, 09:21:14 PM |
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The frustration!!! Oh man.. I can't use PayPal, and I have not enough coins! (..and their site says PayPal!) grnbrg, you around? getting one? bkm? Well...I'm a little bit like you... But they are trusty so Bank wire (SEPA) for me is pretty quick here in Europe (2-3 days) We can start a group buy at 2  Do you think they'll mine more bitcoins than it would cost to buy them? Serious question, I haven't done the research. I'm guessing you have... |
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goddardnet
Newbie
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Activity: 49
Merit: 0
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November 26, 2013, 10:30:57 PM |
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BTC = $960 Mt GOX  Buy, Buy, Buy.... |
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goddardnet
Newbie
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Activity: 49
Merit: 0
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November 26, 2013, 10:39:17 PM |
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... or put it another way, 1 Neptune = 11 BTC. Not too shabby?
Payback in 10 days with difficulty at 1 400 000 000
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BKM
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November 26, 2013, 10:49:31 PM |
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Not interested by the Neptune LabRat ?
Too many unknowns on time to market - especially since they held the line at the $3 per GH. Never again will I be left in the position of wishing I had bought BTC instead of hardware. I'll leave the hardware purchasing and sustainability rubric associated with that to LR for now. |
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rustyh17
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November 26, 2013, 11:13:37 PM |
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Not interested by the Neptune LabRat ?
Too many unknowns on time to market - especially since they held the line at the $3 per GH. Never again will I be left in the position of wishing I had bought BTC instead of hardware. I'll leave the hardware purchasing and sustainability rubric associated with that to LR for now. Preach it Brutha' BKM! Hardware receipt dates and chasing difficulty both kill all likelihood of making a measured calculation of risk. If you don't have large scale relationships with manufacturers, you have no business buying mining gear. I believe that LRM is the closest thing I'll ever get to mining BTC again. I believe LRM has the contacts, the relationships, and the buying power to stay ahead of the diff curve. |
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bittymitty
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November 26, 2013, 11:23:13 PM |
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Is anyone here still buying BTC with fiat at this rate?
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||bit
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November 26, 2013, 11:43:14 PM |
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I have something very big in the works that would mean LRM is very sustainable. I can assure you of that.
You don't have to give details - perhaps you want to protect the sources or opportunity - but how big is very big? |
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bittymitty
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November 27, 2013, 12:01:47 AM |
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I have something very big in the works that would mean LRM is very sustainable. I can assure you of that.
You don't have to give details - perhaps you want to protect the sources or opportunity - but how big is very big? Didn't he already say this was to do with free power in Iceland? |
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bittymitty
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November 27, 2013, 12:11:03 AM |
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I have something very big in the works that would mean LRM is very sustainable. I can assure you of that.
Have you thought much about moving operations to (or starting new operations in) Washington state for the really cheap electricity? I was just told Iceland is looking to bring big business there and are offering completely free power for the time being... That's what I'm looking into  |
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grnbrg
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November 27, 2013, 12:17:02 AM |
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I have something very big in the works that would mean LRM is very sustainable. I can assure you of that.
Have you thought much about moving operations to (or starting new operations in) Washington state for the really cheap electricity? I was just told Iceland is looking to bring big business there and are offering completely free power for the time being... That's what I'm looking into Also: I have a bridge for sale. Top quality! Very inexpensive. grnbrg. |
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bobfranklin
Member
Offline
Activity: 116
Merit: 10
aka `DiggeR
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November 27, 2013, 02:14:54 AM |
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I have something very big in the works that would mean LRM is very sustainable. I can assure you of that.
Have you thought much about moving operations to (or starting new operations in) Washington state for the really cheap electricity? I was just told Iceland is looking to bring big business there and are offering completely free power for the time being... That's what I'm looking into Also: I have a bridge for sale. Top quality! Very inexpensive. grnbrg. Would go nicely with the statue I have for sale. |
BTC: 1Q9zM8QKYGn6PkvogV5YC4PU5TBN8rQNHt
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Flashman
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November 27, 2013, 02:33:44 AM |
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I heard about Iceland having cheap power, free cooling etc etc etc, back in the spring, and was investigating... well... maybe they do, but none of the hosting companies there knows much about it. On average they seemed about 20% worse pricing than top tier hosting in the US.
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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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||bit
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November 27, 2013, 11:20:22 AM
Last edit: November 27, 2013, 11:42:55 AM by ||bit |
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I have something very big in the works that would mean LRM is very sustainable. I can assure you of that.
You don't have to give details - perhaps you want to protect the sources or opportunity - but how big is very big? Didn't he already say this was to do with free power in Iceland? I don't think so. He probably would have said. And he already responded to my thoughts on electricity costs. I suspect this comment however related to something to do with hardware deals. |
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goddardnet
Newbie
Offline
Activity: 49
Merit: 0
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November 27, 2013, 12:18:39 PM |
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BFL are now shipping 50/60 GH/s Singles from stock for approx 3 BTC each ?
Is it worth cost / effort / power to get some cheap hashing while stocks last or does difficulty kill it?
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fractal02
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November 27, 2013, 12:42:37 PM |
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BFL are now shipping 50/60 GH/s Singles from stock for approx 3 BTC each ?
Is it worth cost / effort / power to get some cheap hashing while stocks last or does difficulty kill it?
If they lower price maybe...but not at the current price...nobrainer Competitor are all around. Q1-Q2 2014 will be really intense. |
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||bit
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November 27, 2013, 01:05:18 PM |
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BFL are now shipping 50/60 GH/s Singles from stock for approx 3 BTC each ?
Is it worth cost / effort / power to get some cheap hashing while stocks last or does difficulty kill it?
I don't think so... 3 BTC isn't cheap.... Besides, you could probably buy at least four times the hashing power by spending that much on Bitfury hardware instead. And the Bitfury delivery times seem to have been relatively quick. |
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Flashman
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November 27, 2013, 01:11:46 PM |
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25% off Monarchs on Bitcoin Friday according to BFL newsletter.... but don't know if we're "monarch heavy" already and need to spread risk.
(Don't know if rack space density is an issue, thinking we'd get upwards of 5 TH in 4U with monarchs, if power allowance is good for that... other options are looking like 500-2TH in between 3-5U...)
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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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Bargraphics
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November 27, 2013, 01:53:17 PM |
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25% off Monarchs on Bitcoin Friday according to BFL newsletter.... but don't know if we're "monarch heavy" already and need to spread risk.
(Don't know if rack space density is an issue, thinking we'd get upwards of 5 TH in 4U with monarchs, if power allowance is good for that... other options are looking like 500-2TH in between 3-5U...)
25% off February Delivery Monarchs (at earliest) and probably near the back of that line still puts it at $5.85/GH There are much better deals to be had. |
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