Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Would still rather just see the Alt Coins be turned into BTC (About 26 BTC by my estimates currently) and distributed with dividends with 25% being kept by LRM as it is profits from mining.
Reinvesting it in overpriced CEX.IO gear would be a waste and just push payback time further out as 26 BTC is only going to get around ~550GH currently at CEX.io prices (~0.2BTC/Day).
To put this in perspective it would take 130 Days to get that back if difficulty DIDN'T change.
I also didn't sign up to play the CEX.io Market with shareholder gear.
Let's not waste money simply to have more hashing power please.
Reinvesting it in overpriced CEX.IO gear would be a waste and just push payback time further out as 26 BTC is only going to get around ~550GH currently at CEX.io prices (~0.2BTC/Day).
To put this in perspective it would take 130 Days to get that back if difficulty DIDN'T change.
I also didn't sign up to play the CEX.io Market with shareholder gear.
Let's not waste money simply to have more hashing power please.
Seconded...
LRM needs to be buying sub $5/GH to stay competitive.
Already on it.
Final news (specifics) on the BitFury deal coming out within the next week and the numbers look good.
Seriously, shouldn't you stop mining at GHash.IO???
They already got 38% of the total network hashrate?
https://blockchain.info/de/pools