-

[mufa23]

HEHEHE I love hearing people say "I have been here since the beginning..." it makes me giggle... ever so slightly.

Other than the possibility that the privately purchased shares for the big investors that Zach worked with at the start... I am the very first LRM owner... I was primed and ready to go the moment LRM went live and bought the first shares available to the public in the first few seconds. If those shares were live before the other holders got theirs assigned... then I am definitely his first investor... even if it was a very small amount.

ok...

[Ashitank]

HEHEHE I love hearing people say "I have been here since the beginning..." it makes me giggle... ever so slightly.

Other than the possibility that the privately purchased shares for the big investors that Zach worked with at the start... I am the very first LRM owner... I was primed and ready to go the moment LRM went live and bought the first shares available to the public in the first few seconds. If those shares were live before the other holders got theirs assigned... then I am definitely his first investor... even if it was a very small amount.

So you are the first RAt in THE LAB ! Congratulations

[goddardnet]

Mmmm, I love the smell of BitCoin in the morning...... 

[daemonfox]

Mmmm, I love the smell of BitCoin in the morning...... 

Smells like bacon after awesome morning sex... with waffles... I mean waffles with the bacon... not the sex...

[sparky999]

Mmmm, I love the smell of BitCoin in the morning...... 

Smells like bacon after awesome morning sex... with waffles... I mean waffles with the bacon... not the sex...

If your not having waffles with the sex, your doing it wrong.

[axefrog]

ActiveMining is getting set up to trade on Crypto-Trade, based in Hong Kong. Could that be an option for LRM?

[Frankthechicken]

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically).  I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs.  The result at this moment in time is Litecoin is only 111% as profitable as BTC.  Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter.  Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year.  To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on.  No time for that mess, so LRM should probably just focus on BTC now.  The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds.  My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt.  I personally would not mind getting distributions in BTC and some other coin.  There are at least a few alts that are at the moment promising.

[countduckula]

So.. today its the day with 25Th paying dividends? or next week?

[||bit]

ActiveMining is getting set up to trade on Crypto-Trade, based in Hong Kong. Could that be an option for LRM?

Looks like it has potential.

Might want to wait it out a bit to make sure it isn't a MCXNow pt.2  or Bitfunder pt. 2

https://crypto-trade.com/news/39

[||bit]

So.. today its the day with 25Th paying dividends? or next week?

I'm fairly sure it is today.

[||bit]

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically).  I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs.  The result at this moment in time is Litecoin is only 111% as profitable as BTC.  Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter.  Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year.  To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on.  No time for that mess, so LRM should probably just focus on BTC now.  The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds.  My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt.  I personally would not mind getting distributions in BTC and some other coin.  There are at least a few alts that are at the moment promising.

I don't think the cooling and power requirements take as much out of the profit as you think. If LTC is 111% more profitable than BTC on a $ invested basis, then accounting for cooling and electricity might take it down to 100% - just a quick guesstimate. I'll also guesstimate that you can ROI on LTC in about 4 months, if not sooner. That figure will migrate towards ~10 months, which is where I think BTC mining with GPU's started to reach equilibrium (i.e. miners didn't seem to come on-board as much or stay on-board as much with that duration to ROI). Buying and holding has historically been the biggest winner... but I still think there is opportunity with LTC mining using GPU's, despite the supposed coming LTC asic.

[grnbrg]

So.. today its the day with 25Th paying dividends? or next week?

It's today.

And keep in mind that Lab_Rat made the switch on Monday, so it's 5.5 days of ~25TH/s divs, not 7.


grnbrg.

[||bit]

So.. today its the day with 25Th paying dividends? or next week?

It's today.

And keep in mind that Lab_Rat made the switch on Monday, so it's 5.5 days of ~25TH/s divs, not 7.


grnbrg.

5.5 days? It's 2PM in New Jersey...and divs have just now been sent. So, you must mean 5.583 days.

..just saying..

[zulover]

So are divs being paid tmro?

[daemonfox]

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically).  I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs.  The result at this moment in time is Litecoin is only 111% as profitable as BTC.  Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter.  Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year.  To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on.  No time for that mess, so LRM should probably just focus on BTC now.  The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds.  My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt.  I personally would not mind getting distributions in BTC and some other coin.  There are at least a few alts that are at the moment promising.

I don't think the cooling and power requirements take as much out of the profit as you think. If LTC is 111% more profitable than BTC on a $ invested basis, then accounting for cooling and electricity might take it down to 100% - just a quick guesstimate. I'll also guesstimate that you can ROI on LTC in about 4 months, if not sooner. That figure will migrate towards ~10 months, which is where I think BTC mining with GPU's started to reach equilibrium (i.e. miners didn't seem to come on-board as much or stay on-board as much with that duration to ROI). Buying and holding has historically been the biggest winner... but I still think there is opportunity with LTC mining using GPU's, despite the supposed coming LTC asic.

A single Radeon 7950 at ~700KH/s @ ~500w (I have it in my server that is always on so lots of HDDs,fans and CPU usage etc.) churns about $10 a day on Multipool.us. Depending on my mood and estimates, I also choose to point at Grandcoin or Megacoin exclusively and can net twice that if I wait to cash to BTC at an appropriate time frame. With that said, after power costs and the cost of just the GPU... a 35-45 day ROI on a $300-$400 GPU is totally possible at current BTC prices.

I have a 6 GPU rig spec'd that runs almost $1500 and would hash at ~4.2MH/s on scrypt and could pull down right at $60 per day on Multipool.us and even more on Grandcoin/Megacoin depending on the rates and difficulties. That ROIs in less than 30 days at current rates.

[zulover]

What about the electric is that factored in also?

If its the same gpu 6x500w is 3000w  for 4.5mhs

[||bit]

Divs were paid out. How much were people paid per bond?

...and how do they compare to a per bond calculated expectations? Calculate:

(25TH @ Difficulty 908,400,000 @ 5.5 days * 0.75) / 57350 bonds?


I come out with an estimate of:

(BTC104.125 * (5.5/7) * 0.75) / 57350 bonds =  BTC0.00106991/bond


[LATE UPDATE: Correction on the above. Calculation should be approximately: ((25TH @ Difficulty 908,400,000 @ 5.5 days + 5TH @ Difficulty 707,400,000 @ 1.5 days)* 0.75) / 57350 bonds.
New estimate would be: ((BTC81.8125 + BTC5.177) * 0.75) / 57350 bonds =  BTC0.0011376/bond]

[M31]

Divs were paid out. How much were people paid per bond?

...and how do they compare to a per bond calculated expectations? Calculate:

(25TH @ Difficulty 908,400,000 @ 5.5 days * 0.75) / 57350 bonds?


I come out with an estimate of:

(BTC104.125 * (5.5/7) * 0.75) / 57350 bonds =  BTC0.00106991/bond

If my bond # has been updated, then I show 0.00076112545 / bond.  Of course, at this time of day I'm somewhat prone to error.

[Frankthechicken]

Divs were paid out. How much were people paid per bond?

...and how do they compare to a per bond calculated expectations? Calculate:

(25TH @ Difficulty 908,400,000 @ 5.5 days * 0.75) / 57350 bonds?


I come out with an estimate of:

(BTC104.125 * (5.5/7) * 0.75) / 57350 bonds =  BTC0.00106991/bond

If my bond # has been updated, then I show 0.00076112545 / bond.  Of course, at this time of day I'm somewhat prone to error.

That appears to be the same number I came up with.

[||bit]

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically).  I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs.  The result at this moment in time is Litecoin is only 111% as profitable as BTC.  Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter.  Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year.  To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on.  No time for that mess, so LRM should probably just focus on BTC now.  The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds.  My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt.  I personally would not mind getting distributions in BTC and some other coin.  There are at least a few alts that are at the moment promising.

I don't think the cooling and power requirements take as much out of the profit as you think. If LTC is 111% more profitable than BTC on a $ invested basis, then accounting for cooling and electricity might take it down to 100% - just a quick guesstimate. I'll also guesstimate that you can ROI on LTC in about 4 months, if not sooner. That figure will migrate towards ~10 months, which is where I think BTC mining with GPU's started to reach equilibrium (i.e. miners didn't seem to come on-board as much or stay on-board as much with that duration to ROI). Buying and holding has historically been the biggest winner... but I still think there is opportunity with LTC mining using GPU's, despite the supposed coming LTC asic.

A single Radeon 7950 at ~700KH/s @ ~500w (I have it in my server that is always on so lots of HDDs,fans and CPU usage etc.) churns about $10 a day on Multipool.us. Depending on my mood and estimates, I also choose to point at Grandcoin or Megacoin exclusively and can net twice that if I wait to cash to BTC at an appropriate time frame. With that said, after power costs and the cost of just the GPU... a 35-45 day ROI on a $300-$400 GPU is totally possible at current BTC prices.

I have a 6 GPU rig spec'd that runs almost $1500 and would hash at ~4.2MH/s on scrypt and could pull down right at $60 per day on Multipool.us and even more on Grandcoin/Megacoin depending on the rates and difficulties. That ROIs in less than 30 days at current rates.

I was being intentionally conservative with my ROI figure. Fudge factoring in a generous difficulty increase. The conclusion I would be the same: I would consider it still an opportunity.