-

[goddardnet]

Difficulty up 16% to 707 - not too bad and hashrate still levelling off 

[goddardnet]

Was there a discussion about merged mining?

If LRM is now driving 30TH is there any possibility of merged mining for other alt coins?

I know the contract is to buy bonds in return for a share of the BTC rewards (not the hardware) however I would be interested in receiving NameCoins to invest in other pools such as CEX.IO?

Mt Gox is going some way with there new API to trade LTC and (possibly) NMC + others.

From an LRM management point of view I appreciate this may not be something that could be considered until the trading portal is ready and bondholders can register their alt coin wallet addresses?

At the end of the day (to coin a phrase - no pun intended) 'Every Satoshi Helps'!

Thoughts?

[fractal02]

I find the merged mining coin (Namecoin) a great idea.

Why ?

Simply because at 25 TH/s merged mining NMC can weekly bring ~ 3.81BTC (~ 4,405 $).
This can literally bring almost a Cointerra Miner per Week to LRM in addition to the already reinvestment plan in place.

A very good income for reinvestment or LRM operating load.

[hamburgerhelper]

KnC sold out of their first batch of Neptune miners. LR, did you get in line for Q1/Q2 delivery? I'll tell you which Q mine gets delivered.

[LostDutchman]

I ain't worryin' one little bit about ASICS.

Scryptcoins, convert, cash out and live on a beach being served Mojitos by bare-breasted native women in grass skirts.

Think of the coins you could earn with a Scrypt setup while you wait for Godot.....................

My $.02.

[daemonfox]

Scryptcoins... lol... I love em... so much... I mined and bought over 5K of one with a single Radeon 7950 over the least few months.

5250... cost me about $150 in electric costs in the last 5 months of mining various scrypt coins... I already paid the cards cost off in the couple of months before that trading and selling as best I could, including the electric.

Guess what... know what coin it was? Megacoins... know how much my maths say I averaged in cost buying and mining them? About 3K Satoshis each.

I sold all but 250 of them when it hit 65K Satoshis each... lets just round that down to 21X the cost. This was also when BTC was under $100... and I sold the BTC to USD upon trading... at over $1000... so lets just call that 10X cost.

5K X 0.00065 = 3.25 BTC
(3.25 BTC X ~$1000) -$150 = ~$3100

Not too bad... paid for the holidays and my upcoming trip to NY for Christmas. Wish I had held just a bit longer... MEC is now 0.0015+ BTC each. I got lucky and mined 100 more in the last couple days... my GPU made ~$170 in the last 36 hours.

Small comparison to share... right now on various scrypt coins... my Radeon 7950 is JUST as profitable as my 33GH/s Chili from MrTeal... most of the day today.... the GPU has been making more than the ASICs.

650 KH/s on the GPU on scrypt > 33GH/s ASIC on Sha256d.

[fractal02]

Right Daemonfox !

And with GPU no pre-order BS...

I sell all my GPU rig a few month ago...i rebuild them right now.
A lot more profitable than Asic (i can resell my GPU to gamers...not my Asics...)

[ICantThinkOfaName]

Great news everyone!  It's dividend day!

[Flashman]

Hey...

http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/

Read that, then consider, could we get Alderney to throw fiat at us for a wind powered bitcoin mine?

[||bit]

I find the merged mining coin (Namecoin) a great idea.

Why ?

Simply because at 25 TH/s merged mining NMC can weekly bring ~ 3.81BTC (~ 4,405 $).
This can literally bring almost a Cointerra Miner per Week to LRM in addition to the already reinvestment plan in place.

A very good income for reinvestment or LRM operating load.

Agree. But I've made this suggestion to LR long ago to no avail.

[fractal02]

I find the merged mining coin (Namecoin) a great idea.

Why ?

Simply because at 25 TH/s merged mining NMC can weekly bring ~ 3.81BTC (~ 4,405 $).
This can literally bring almost a Cointerra Miner per Week to LRM in addition to the already reinvestment plan in place.

A very good income for reinvestment or LRM operating load.

Agree. But I've made this suggestion to LR long ago to no avail.

"Give to Caesar what belongs to Caesar"

It's a GREAT idea, your idea.

[SimonBelmond]

I find the merged mining coin (Namecoin) a great idea.

Why ?

Simply because at 25 TH/s merged mining NMC can weekly bring ~ 3.81BTC (~ 4,405 $).
This can literally bring almost a Cointerra Miner per Week to LRM in addition to the already reinvestment plan in place.

A very good income for reinvestment or LRM operating load.

Agree. But I've made this suggestion to LR long ago to no avail.

"Give to Caesar what belongs to Caesar"

It's a GREAT idea, your idea.

Isn't Namecoin kind of dead for now? I thought they need to fix a major bug or something.

[M31]

Great news everyone!  It's dividend day!

Seems kinda quiet around here for dividend day...

[Lab_Rat]

Great news everyone!  It's dividend day!

Seems kinda quiet around here for dividend day...

This is a forum... Text isn't exactly loud... 

[Doff]

Great news everyone!  It's dividend day!

Seems kinda quiet around here for dividend day...

This is a forum... Text isn't exactly loud...  

WHAT IF I TYPE LIKE THIS, DOES THAT HELP?

[M31]

Great news everyone!  It's dividend day!

Seems kinda quiet around here for dividend day...

This is a forum... Text isn't exactly loud...  

*Text-to-speech enabled*  

ahh, better

LR!!  Top o' the mornin' to ya!  (well, afternoon where you are)

[Lab_Rat]

Great news everyone!  It's dividend day!

Seems kinda quiet around here for dividend day...

This is a forum... Text isn't exactly loud... 

*Test-to-speech enabled*  

ahh, better

LR!!  Top o' the mornin' to ya!  (well, afternoon where you are)

Ya, it's now 2:18, finishing my last minute updates to the spreadsheet before divs get paid out.

[Lab_Rat]

grnbrg is sort of AFKing it today so I'll post the dividend info.

Mined: BTC29.21108482
Payout: BTC21.90831362
Per Bond: BTC0.00039411

LRM Payout to date
---------------------
Total: BTC830.82242567
Per Bond: BTC0.01653251

I'm really looking forward to 12/8 as it will mean a lot of great things for the company (let alone a little pay bump for me  )

I received good news yesterday regarding the same subject I was speaking on last week (the not so good news I received)

It appears the project I'm getting involved with is going to move forward.  I will not be able to give any details on this until I know specifics which could be a little ways down the road (no Two More Weeks jokes here please...).  I just want everyone to know that big things are happening behind the scenes and I don't believe I've let you guys down in the past.  You're just going to have to trust me on this one.

[daemonfox]

Divs paid!

LR I have a question to pose... have you seen the Black Arrow Minion chips? Have you seen the MrTeal Chili miner based on BFL chips?

The US re-seller has a thread up today about getting people in line now for Minions... just spoke with him and got in line for 8 chips but he is not requiring the 20% yet.

Chips are due in Feb 24... and I have asked MrTeal (designer of the Chili BFL miner) if he is interested in designing for this... he seems like he might do so.

Chips are suppose to do 96GH/s minimum as spec'd, with a possible 115GH/s OC'd within reason and a top out of 128GH/s but with lots more power draw. Depending on MrTeal picking up the board project and how he plans to lay out the chips... that could be a 1 TH board... his 8 chip BFL Chilis are pushing 40 GH/s with proper fan/heatsink cooling. I can only assume his solution for an 8 chip minion would be able to handle 1 TH/s if cooled properly.

An 8 chip minion could possibly run about $2000 if MrTeal has the same turn around as the Chili boards. I do not know for sure if that will be the final cost... all I know is Minions are $199 each from the re-seller plus 5% handling, and the Chili cost $350 + shipping to populate with your own chips.

[Lab_Rat]

Divs paid!

LR I have a question to pose... have you seen the Black Arrow Minion chips? Have you seen the MrTeal Chili miner based on BFL chips?

The US re-seller has a thread up today about getting people in line now for Minions... just spoke with him and got in line for 8 chips but he is not requiring the 20% yet.

Chips are due in Feb 24... and I have asked MrTeal (designer of the Chili BFL miner) if he is interested in designing for this... he seems like he might do so.

Chips are suppose to do 96GH/s minimum as spec'd, with a possible 115GH/s OC'd within reason and a top out of 128GH/s but with lots more power draw. Depending on MrTeal picking up the board project and how he plans to lay out the chips... that could be a 1 TH board... his 8 chip BFL Chilis are pushing 40 GH/s with proper fan/heatsink cooling. I can only assume his solution for an 8 chip minion would be able to handle 1 TH/s if cooled properly.

An 8 chip minion could possibly run about $2000 if MrTeal has the same turn around as the Chili boards. I do not know for sure if that will be the final cost... all I know is Minions are $199 each from the re-seller plus 5% handling, and the Chili cost $350 + shipping to populate with your own chips.

Yes I know MrTeal, and yes I know of Black Arrow, but when you're managing money of your own it's slightly different than yours and 350+ other people.  There is a certain amount of risk you have to be willing to take, but manage risk and reward appropriately and don't throw tens or hundreds of thousands at every project that someone starts up.  I believe I've found a solution to all of LRMs hardware acquisition problems.

Someone actually came up with an interesting idea that I kind of like.  Lets put odds on different companies just to see where the public rates all of the "pre-order" projects that are going on right now.