minter12345
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Activity: 74
Merit: 10
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January 02, 2014, 11:50:45 AM |
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Happy New Year everyone. Lets make this a big year  |
Free coins every day: QoinPro Including Bitcoins! |
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Ashitank
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January 02, 2014, 01:12:26 PM |
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Happy new year every one , may this year bring lots of hashrate & dividends & fun & happiness to LRM family.
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smracer
Donator
Legendary
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Activity: 1057
Merit: 1021
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January 02, 2014, 06:14:49 PM |
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Happy New Years everyone!!!
Today I'm going to be working at the hosting location again for the better part of the day. It's a weird concept being in the 20's (F) outside and having the door open to let the space cool a little extra haha.
I hope you have a plan for summer! |
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VinceSamios
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January 03, 2014, 04:08:15 PM |
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LabRat the Monarchs will be late Feb at the earliest - PM me if you want details on this (from the horses mouth)
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ICantThinkOfaName
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January 03, 2014, 04:25:15 PM |
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LabRat the Monarchs will be late Feb at the earliest - PM me if you want details on this (from the horses mouth)
BFL not living up to promises? Shocker... |
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goddardnet
Newbie
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Activity: 49
Merit: 0
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January 03, 2014, 04:30:13 PM |
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LabRat the Monarchs will be late Feb at the earliest - PM me if you want details on this (from the horses mouth)
As Dame Shirley Bassey once sang "... it's all just a little bit of history repeating" www.youtube.com/watch?v=15QngStkp-E  |
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spuushie
Member
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Activity: 67
Merit: 10
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January 03, 2014, 04:49:50 PM |
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LabRat the Monarchs will be late Feb at the earliest - PM me if you want details on this (from the horses mouth)
BFL not living up to promises? Shocker... Yes! and they still due everything to piss off their costumers by lowering their price on the monarchs 50% While other Asic company's compensate their failures to deliver. BFL decides to push more cheep hashing power to new customers. BTW I am banned from their forum... Not really sure why. Could be because I said that if Josh was really sorry for his "estimates" he would accept refund. |
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goddardnet
Newbie
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Activity: 49
Merit: 0
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January 03, 2014, 04:55:58 PM |
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Hmmm....
BFL have announced half price Monarchs for new orders with existing pre-order customers having to swallow full price for early ASIC fabrication.
Though there will not be any offer of redress coming from BFL for existing (I don't know if LRM has any 'special relations' with BFL) would it be worth putting in an order for half price cards knowing that they will offer the same return (ish) taking increase in difficulty into account?
BFL have stated that thousands of wafers will be available in order to drive their GH/s contracts so new Monarch orders should turn around relatively quickly (4 - 6 weeks?) once chips are available from the foundry.
Thoughts (keep them constructive!!!) ?
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Bargraphics
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January 03, 2014, 05:15:44 PM |
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Hmmm....
BFL have announced half price Monarchs for new orders with existing pre-order customers having to swallow full price for early ASIC fabrication.
Though there will not be any offer of redress coming from BFL for existing (I don't know if LRM has any 'special relations' with BFL) would it be worth putting in an order for half price cards knowing that they will offer the same return (ish) taking increase in difficulty into account?
BFL have stated that thousands of wafers will be available in order to drive their GH/s contracts so new Monarch orders should turn around relatively quickly (4 - 6 weeks?) once chips are available from the foundry.
Thoughts (keep them constructive!!!) ?
The only constructive feedback is to literally never do business with BFL again. |
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BKM
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January 03, 2014, 06:20:09 PM |
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Hmmm....
BFL have announced half price Monarchs for new orders with existing pre-order customers having to swallow full price for early ASIC fabrication.
Though there will not be any offer of redress coming from BFL for existing (I don't know if LRM has any 'special relations' with BFL) would it be worth putting in an order for half price cards knowing that they will offer the same return (ish) taking increase in difficulty into account?
BFL have stated that thousands of wafers will be available in order to drive their GH/s contracts so new Monarch orders should turn around relatively quickly (4 - 6 weeks?) once chips are available from the foundry.
Thoughts (keep them constructive!!!) ?
The only constructive feedback is to literally never do business with BFL again. BFL excised their hubris muscle to their long term detriment. But, hey, who said Sonny was in it for the long game. Each person involved in the founding of BFL is now very wealthy. I predict that they will sell the company after the big Monarch push is done and retire to some other private venture - which is undoubtedly the operation and maintenance of one of the largest private pools of hashing power in the world. |
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daemonfox
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January 03, 2014, 06:24:46 PM |
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Hmmm....
BFL have announced half price Monarchs for new orders with existing pre-order customers having to swallow full price for early ASIC fabrication.
Though there will not be any offer of redress coming from BFL for existing (I don't know if LRM has any 'special relations' with BFL) would it be worth putting in an order for half price cards knowing that they will offer the same return (ish) taking increase in difficulty into account?
BFL have stated that thousands of wafers will be available in order to drive their GH/s contracts so new Monarch orders should turn around relatively quickly (4 - 6 weeks?) once chips are available from the foundry.
Thoughts (keep them constructive!!!) ?
The only constructive feedback is to literally never do business with BFL again. BFL excised their hubris muscle to their long term detriment. But, hey, who said Sonny was in it for the long game. Each person involved in the founding of BFL is now very wealthy. I predict that they will sell the company after the big Monarch push is done and retire to some other private venture - which is undoubtedly the operation and maintenance of one of the largest private pools of hashing power in the world. Sounds about right... do everything possible to maximize income and minimize cost, while setting up a second, separate, unlinked company that can take advantage of the product the customers are paying to have designed and produced by the first company. SELL EVERYTHING once the GOOD chip presales are filled and there is stock, with the stipulation that the purchaser must provide the second company with at cost hardware in exchange for some dismal share in the second companies mining profits. That sound on target? |
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fractal02
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January 03, 2014, 07:24:07 PM |
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BitFury Business model...or the well known ASICminer Business model... Sell overpriced hardware to suckers customers and bankroll your mine... Why do you think LabRat go to ASIC project ? (It's for me the best move he can do) The manufacturer have the best opportunity here. Hardware at cost. Sell hardware when BTC is low. Mine the sh*t out when BTC is up. Full win ! |
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bigasic
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January 04, 2014, 06:37:10 PM |
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I agree, the only way that we will have a chance with keeping up with the difficulty is having our own asic chips, while this very risky, I think its worth the risk. Lets hope that we dont have any time line or manufacturing issues, if all goes well, I think LRM will do very well. Once LRM has a working chip, our shares should skyrocket. BTW, whats LRM stocks trading at these days?
Edit: Since BFL has dropped their prices on the monarchs and other miners, does that mean LRM will get some sort of refund? I have a feeling that BFL is having a tough time selling them, why would they be giving heavy discounts? those idiots over at BFL wouldn't give a drowning man a glass of water...
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Lab_Rat (OP)
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January 04, 2014, 06:39:45 PM |
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Getting ready to pay out divs. The below 0 temps last night were pretty interesting for this area... Got to ~ -2F or -19C. At least is wasn't 40 below like some places with wind chills of -80. BRRRRRR Making sure the spreadsheet is 100% up to date with this weeks trades and sales. Expect divs shortly. |
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CumpsD
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January 04, 2014, 06:49:17 PM |
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Getting ready to pay out divs. The below 0 temps last night were pretty interesting for this area... Got to ~ -2F or -19C. At least is wasn't 40 below like some places with wind chills of -80. BRRRRRR Making sure the spreadsheet is 100% up to date with this weeks trades and sales. Expect divs shortly. Looking forward, my address on the list still has amount of shares from 2 trades missing, this is still the correct link, yes? https://drive.google.com/file/d/0BwZCh0jtSZkwNGVkRk50Wno3Q00/edit?usp=sharing |
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Lab_Rat (OP)
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January 04, 2014, 06:54:34 PM |
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Getting ready to pay out divs. The below 0 temps last night were pretty interesting for this area... Got to ~ -2F or -19C. At least is wasn't 40 below like some places with wind chills of -80. BRRRRRR Making sure the spreadsheet is 100% up to date with this weeks trades and sales. Expect divs shortly. Looking forward, my address on the list still has amount of shares from 2 trades missing, this is still the correct link, yes? https://drive.google.com/file/d/0BwZCh0jtSZkwNGVkRk50Wno3Q00/edit?usp=sharingThat upload hasn't been updated. I'm hoping to get a list up on the website showing address / share quantity. |
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CumpsD
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January 04, 2014, 06:56:58 PM |
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That explains Looking forward to the one on the site. I must say the updates on the site have been more frequently now, loving the regular updates from you here, keep it up! |
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Lab_Rat (OP)
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January 04, 2014, 09:13:59 PM |
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Dividend update:
Mined: BTC61.28208376
Payout: BTC45.96156282
Per Bond: BTC0.00078209
Bitcoins paid out to date: BTC1057.74966727
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Accumulated Alt Coins
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NMC: 3239.56479529
IXC: 7.23909793
DVC: 249.56477932
Referral GHS: 7.13328603
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fractal02
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January 04, 2014, 09:38:33 PM |
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LabRat, Altcoins are still for hardware re-invest and LRM expense ? NMC: 3239.56479529 (~ $ 27 000 or 30 BTC ) Nice... |
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Lab_Rat (OP)
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January 04, 2014, 09:39:28 PM |
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LabRat, Altcoins are still for hardware re-invest and LRM expense ? NMC: 3239.56479529 (~ $ 27 000 or 30 BTC ) Nice... Yah, I'm not keeping them. I just want to make sure they go to good use for the company. If I ever decide to convert any to BTC to payout in divs then I'll take my share, but if they're going into hardware and/or expenses, 100% will be used for such purposes. |
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