Gazoo's canned response:
The LM317 is no mystery and very easy to work with. The following calculations always apply since it uses 1.25 volts for its reference voltage, and ohm’s laws don't lie.
To calculate the resistor needed for a given current, take 1.25 and divide it by the current. So say you want to drive a SenKat diode with 250mA. 1.25 divided by .250 = a 5 ohm resistor.
Another way you could do this is to take 1.25 and divide it by the resistance. 1.25 divided by 5 = .250.
Next you will want to calculate the wattage of the resister needed. We know 1/2 watt resistors are common for use with the regulator. But to figure it out, simply take the 1.25 and multiply it times the current. 1.25 times .250 =.3125 watts.
The rule of thumb for the voltage going into the regulator is it should be 3 volts more than the voltage going to the diode. A SenKat diode running at 250ma's will have about 3 volts across it. Therefore a minimum if 6 volts is needed.
I recommend 6 NIMH batteries or 2 RCR123's for use with Daedal's driver.
This is why you need at least 8 volts to run the blu-ray. You will find when you have it hooked up, the voltage across it will be appx. 5 volts. But since it will only draw ~38mA, you can run it with a 9 volt battery.
EDIT: The bluray diode mentioned here is a PS3 diode.