Would I be right in guessing that 3 lbs of grain was the entire grain bill for this batch? If so I'm guessing a 1-2 gallon batch?
Most 5 gallon batches are probably going to use around 8-12 lbs of grain, so if it's only a fraction of the grain bill that got 'potato mashed' while the rest was ground/milled properly then forge ahead! It won't be ideally what you're after, but it'll be beer. If, however, that was the entire grain bill and there are no other fermentables then it's going to be extremely weak. I don't usually recommend dumping either, but the effort to rack and bottle this batch wouldn't be worth it, IMHO.
If fermentation is, like you said, only 8-10 hours in, then by all means grab a sample and take a gravity reading. It won't be accurate, of course, but at least it'll let you know how much fermentable sugar is left. With some detailed data (such as exactly how long ago you pitched, what type of yeast, pitching and fermentation temps, grain bill, etc.) and some help from the good people here you might be able to at least ball-park the OG.