Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
So, as you can see, this is simple math, but it speaks volumes.
I trust you have run the numbers for other mining outfits - I'm wondering if any mining op could really have been expected to maintain its network hash rate or otherwise keep up with the exponential increase in difficulty over the last year. How have others done?That and although everyone hates it, USD to BTC rate does play a large role. The higher the USD to BTC price, that longer old tech can run at a profit and it also brings in bigger players that might create chips or buy up hashrate themselves.
Staying relevant in this industry is not only about the money you have but about the connections as well and Lab Rat is indeed making those connections while growing his farm into one of the largest out there.
While this large leap will help bring additional dividends to shareholders it is exciting to know that this seems to only be the beginning and that with these connections and cheap hosting each future deal will only be that much better.
I agree that the new network LR has developed with Kauffman seems promising, but understanding the actual extent of any benefit needs amplification. LR apparently has more to put out regarding some concerns on the board. Until then, I'd rather wait & see before making any other assessments.
The best thing about this is that it tells me, when making the assumptions (1) this hardware is as great as described in comparison to any other hardware, and (2) that LR can get it at very cheap prices with fast turn around, that things can only improve. But let's see what the finer details are before we run with those assumptions. Because neither of these assumptions have been verified. For example, is this hardware better than KNC's 28nm hardware which has apparently shipped? Will LR be able to purchase at or near cost?
Though, I suspect there is a good chance that that possible in price to performance. Even if the hardware is marginally inferior to KNC.... If LR can get hardware at cost, then LR can file for rock star status, imo.
