Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Back on Dec. 21st, Labrat posted the following estimates:
DEC/JAN (25+TH)
JAN/FEB (50+TH)
FEB/MAR (150-250TH)
MAR+ (? PH ?)
(Now, to be totally fair, he didn't specify which year these estimates were for... but...
)
Now, some members are wondering just how realistic those estimates were. (And are giving LR some grief in the process.) Adding to the uncertainty is the online difficulty/hashrate data graph not being updated in months. Bail, hold, or double-down... The answer isn't clear given the limited info most of us have access to at the moment and uncertainty is NOT an investors friend.
To be clear on my own view... I have no reason to doubt the good intentions of Labrat and grnbrg. But all the good intentions in the world don't help us stay ahead of an exponential difficulty curve. I hope that the rumored "good news" gets us well ahead of the curve.
DEC/JAN (25+TH)
JAN/FEB (50+TH)
FEB/MAR (150-250TH)
MAR+ (? PH ?)
(Now, to be totally fair, he didn't specify which year these estimates were for... but...
)Now, some members are wondering just how realistic those estimates were. (And are giving LR some grief in the process.) Adding to the uncertainty is the online difficulty/hashrate data graph not being updated in months. Bail, hold, or double-down... The answer isn't clear given the limited info most of us have access to at the moment and uncertainty is NOT an investors friend.
To be clear on my own view... I have no reason to doubt the good intentions of Labrat and grnbrg. But all the good intentions in the world don't help us stay ahead of an exponential difficulty curve. I hope that the rumored "good news" gets us well ahead of the curve.
After making the announcement tonight I read back to this and wanted to address. The Dec/Jan hardware is in hand, I was just letting it mine to pay itself off part way as it came from my pocket
but it's about time to start moving it over to LRM. Better Nate than Lever right, I believe it's still January. The Jan/Feb bump is Monarchs which were some of the first ordered and should be delivered as soon as they're ready. I have a feeling they'll be ready in two more weeks. The Feb/Mar hardware is pretty well confirmed to be the first half of March and will put LRMs total hashrate toward the higher end of that number at ~210TH. The Mar+ timeframe is still uncertain, but I can see us hitting 1 PH very easily in 2014, the exact amount is going to be played by ear.