-

[Flashman]

It's hard to evaluate exactly how good a deal it is. If it was a horse race, you might have odds like, Monarch 2:1, Neptune 3:2, Cointerra 5:1, HashFast 5:1, BlackArrow 7:1, Random Chinese Dark Horse 25:1

[mmmerlin]

I realize that we will be getting around 5ths for the next 2 weeks, but im assuming that the revenue that has been mined (since LRM started getting machines around 2-3 weeks ago) all of it will be going towards new equipment, not just the two weeks starting monday..

LR, could you clarify how many coins that are "extra" from the time you started receiving the non dividend equipment up until this monday? I hope i made sense. Im assuming that those coins are going towards new equipment.

Made sense to me and would love to hear a number for it too!

[mmmerlin]

Just breezed through the BFL Monarch delivery thread - are we in line for first production deliveries in next 4-6 weeks (my guess with LabRats' history, nothing stated by bfl_josh) ?

That's what it looks like currently but there's no telling with BFL.

They are slated for Mid/Late December Delivery apparently. Just remember Two Weeks™

+1 to "Two Weeks™"

[mmmerlin]

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.

Yes, I certainly would be a very long way from dropping any coin on this. I wouldn't be buying Monarchs either, like, at all, but buying Gen1 BFL gear is straight-up retarded.

On that note - anyone want to buy some singles?!

[mmmerlin]

It's hard to evaluate exactly how good a deal it is. If it was a horse race, you might have odds like, Monarch 2:1, Neptune 3:2, Cointerra 5:1, HashFast 5:1, BlackArrow 7:1, Random Chinese Dark Horse 25:1

Like the concept, don't agree with the odds though...

[mmmerlin]

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...)

I would bet a lot against LRM buying any of these, and this discount is not the big news it seems; this value has always been available to people with vouchers etc - only fools pay face-value for BFL gear.

[mmmerlin]

Finally caught up on the thread, phew!

[M31]

Ultimately, if we could raise a crop of our own ASICs such that we never have to wait on orders, that would work out best.  Second best would be exclusive access to chips ahead of others, and we make our own custom boards.  The boards, software and power are not a big issue once chips are in hand, and can be assembled in days.

[||bit]

I sent LR a private message on this topic.

I'm starting to think it would be worthwhile to start buying litecoin (LTC) mining hardware - whether LR agree's or not. At least folks on a private level people can take advantage. It is seeming inevitable that LTC will be accepted as pay. OkPay just accepted LTC this past day or so, and MtGox is working on adding LTC to be traded with their new engine (whcih will likely get Coinbase to add it and maybe Bitpay to accepting it - an instant massive utility improvement. LTC is currently booming up on large volume. It hit $30 per coin, and is back to trading at about 30 LTC/BTC. Also, because of supply values, where BTC is set to peak at 21mill and LTC is set to peak at 84mill (not sure over what time period), it seems logical or intuitive anyway that LTC will move upwards to 1/4th the price per coin as BTC. If true, LTC has about eight times more growth to just catch up to to that level. In other words, from this time forward, any percentage value gain BTC ends up with, multiply that gain by upwards of eight times for litecoin, just my gut.

Even if people didn't want the LTC, mining for it can be like proxy mining for BTC. You can trade them easily enough on BTC-e....

....and ROI with hardware is 3 months. Should be even faster now with higher prices.  All this without worrying about the ASIC swarm...yet.

[redphlegm]

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.

I am very good friends with one of the big data center owners in Iceland. I have a meeting set up with him fairly soon, actually. What I haven't been able to do is get any large ASIC company owners to liaise with me to make the intro.

[Frankthechicken]

I sent LR a private message on this topic.

I'm starting to think it would be worthwhile to start buying litecoin (LTC) mining hardware - whether LR agree's or not. At least folks on a private level people can take advantage. It is seeming inevitable that LTC will be accepted as pay. OkPay just accepted LTC this past day or so, and MtGox is working on adding LTC to be traded with their new engine (whcih will likely get Coinbase to add it and maybe Bitpay to accepting it - an instant massive utility improvement. LTC is currently booming up on large volume. It hit $30 per coin, and is back to trading at about 30 LTC/BTC. Also, because of supply values, where BTC is set to peak at 21mill and LTC is set to peak at 84mill (not sure over what time period), it seems logical or intuitive anyway that LTC will move upwards to 1/4th the price per coin as BTC. If true, LTC has about eight times more growth to just catch up to to that level. In other words, from this time forward, any percentage value gain BTC ends up with, multiply that gain by upwards of eight times for litecoin, just my gut.

Even if people didn't want the LTC, mining for it can be like proxy mining for BTC. You can trade them easily enough on BTC-e....

....and ROI with hardware is 3 months. Should be even faster now with higher prices.  All this without worrying about the ASIC swarm...yet.

Interesting.  I like the idea but might be out of scope (currently) for LRM.  Other than GPU's, are there any actual real options yet?  The only things I've found thus far are FPGA's still in development stages.

If GPUs are the only real options at the moment, it might be difficult to source good ones.  Lots of 7950's are going discontinued.  I have not checked 70's or 90's and it seems people are having trouble getting any significantly better performance out of the new R9 cards ($/kHs, kH/J).

[bittymitty]

https://bitcointalk.org/index.php?topic=341939.0

Litecoin ascis.

[Frankthechicken]

https://bitcointalk.org/index.php?topic=341939.0

Litecoin ascis.

Thanks for that.  That looks familiar.  I think I did see that before.  I must have disregarded it after seeing the 'late stages of development' and the dreaded p word.  Worth watching to see what the pre-order terms are and payment options. 

[bittymitty]

is labrat still planing to sell more shares directly?  Is there any progress on a new trading system?

[||bit]

I sent LR a private message on this topic.

I'm starting to think it would be worthwhile to start buying litecoin (LTC) mining hardware - whether LR agree's or not. At least folks on a private level people can take advantage. It is seeming inevitable that LTC will be accepted as pay. OkPay just accepted LTC this past day or so, and MtGox is working on adding LTC to be traded with their new engine (whcih will likely get Coinbase to add it and maybe Bitpay to accepting it - an instant massive utility improvement. LTC is currently booming up on large volume. It hit $30 per coin, and is back to trading at about 30 LTC/BTC. Also, because of supply values, where BTC is set to peak at 21mill and LTC is set to peak at 84mill (not sure over what time period), it seems logical or intuitive anyway that LTC will move upwards to 1/4th the price per coin as BTC. If true, LTC has about eight times more growth to just catch up to to that level. In other words, from this time forward, any percentage value gain BTC ends up with, multiply that gain by upwards of eight times for litecoin, just my gut.

Even if people didn't want the LTC, mining for it can be like proxy mining for BTC. You can trade them easily enough on BTC-e....

....and ROI with hardware is 3 months. Should be even faster now with higher prices.  All this without worrying about the ASIC swarm...yet.

Interesting.  I like the idea but might be out of scope (currently) for LRM.  Other than GPU's, are there any actual real options yet?  The only things I've found thus far are FPGA's still in development stages.

If GPUs are the only real options at the moment, it might be difficult to source good ones.  Lots of 7950's are going discontinued.  I have not checked 70's or 90's and it seems people are having trouble getting any significantly better performance out of the new R9 cards ($/kHs, kH/J).

I doubt FPGA's will be better than GPU's anytime soon with LTC, unless BFL makes them with the Stratix III chips they used in their FPGA Singles everyone returned. Otherwise, the hardware cost are more expensive on the front end. I won't be surprised if they come up with one seeing how LTC is doing.

ASIC's are probably far enough out that GPU's - if they can be acquired - are still a good investment.

[goddardnet]

Hey. Happy Thanksgiving to all you guys and gals over the pond 

[maqifrnswa]

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.

I like that LR is being picky, it's ok to sit on BTC until the right deal comes a long. Hope you get the right deal, but if you don't - walk away. If you play poker at a full table, you will have a losing hand 90% of the time - but you can still make money. Quick recognition of losing hands is a great business skill.

[ICantThinkOfaName]

Hey. Happy Thanksgiving to all you guys and gals over the pond 

Thanks!  It threw me off, because I'm so use to checking for LRM dividends on my first day off after the work week.

[Frankthechicken]

I sent LR a private message on this topic.

I'm starting to think it would be worthwhile to start buying litecoin (LTC) mining hardware - whether LR agree's or not. At least folks on a private level people can take advantage. It is seeming inevitable that LTC will be accepted as pay. OkPay just accepted LTC this past day or so, and MtGox is working on adding LTC to be traded with their new engine (whcih will likely get Coinbase to add it and maybe Bitpay to accepting it - an instant massive utility improvement. LTC is currently booming up on large volume. It hit $30 per coin, and is back to trading at about 30 LTC/BTC. Also, because of supply values, where BTC is set to peak at 21mill and LTC is set to peak at 84mill (not sure over what time period), it seems logical or intuitive anyway that LTC will move upwards to 1/4th the price per coin as BTC. If true, LTC has about eight times more growth to just catch up to to that level. In other words, from this time forward, any percentage value gain BTC ends up with, multiply that gain by upwards of eight times for litecoin, just my gut.

Even if people didn't want the LTC, mining for it can be like proxy mining for BTC. You can trade them easily enough on BTC-e....

....and ROI with hardware is 3 months. Should be even faster now with higher prices.  All this without worrying about the ASIC swarm...yet.

Interesting.  I like the idea but might be out of scope (currently) for LRM.  Other than GPU's, are there any actual real options yet?  The only things I've found thus far are FPGA's still in development stages.

If GPUs are the only real options at the moment, it might be difficult to source good ones.  Lots of 7950's are going discontinued.  I have not checked 70's or 90's and it seems people are having trouble getting any significantly better performance out of the new R9 cards ($/kHs, kH/J).

I doubt FPGA's will be better than GPU's anytime soon with LTC, unless BFL makes them with the Stratix III chips they used in their FPGA Singles everyone returned. Otherwise, the hardware cost are more expensive on the front end. I won't be surprised if they come up with one seeing how LTC is doing.

ASIC's are probably far enough out that GPU's - if they can be acquired - are still a good investment.

That's the conclusion I came to as well.  Also, regarding ASIC's for Scrypt, I really doubt the cost / khs or kh/J benefit would be 300x a GPU like they are for SHA256.  Assuming price remains high(edit to clarify: value of Scrypt coins), I think GPUs will do well for quite a while.  And BTW, my favorite 7950 just came back in stock it seems.

I doubt LRM would want to start a new GPU farm especially as a one man op, but it is something I have been considering personally.  I just recently used gyft to get Amazon gift cards to get parts for another rig.  Bitcoin really is amazing in a lot of ways.  I personally find it really easy to use, but do see where people not at a intermediate or above level in using computers would struggle.

[goddardnet]

... I personally find it really easy to use, but do see where people not at a intermediate or above level in using computers would struggle.

There's always consultancy for a BTC fee ?