You do understand that dividends only come after profit right?

There's no profit currently at all, just cashflow that's recovering current expenses (Which is a start and a good thing as there was none of this previously)

Since we have no financial documents we'd have no idea on just how much debt needs to be paid til we are "profiting". Currently you can be almost 100% sure that he is taking the BTC mined and using it to buy more chips/boards to build a bigger mine.

Will this approach work? Maybe or maybe not but one thing is for certain, we do not have a choice in the matter and won't be receiving dividends until Ken feels the mine/card sales 25% "reinvestment" is enough to cover future purchases/expenses.

I'm looking at the bond list and your BTC address 1MQLfiKA5A6goEiSwMdVyVvFw4YgCj489V shows 159 bonds (x3 due to the split) so 53 Bonds originally. It makes sense for you that signing this new contract is probably easier than fighting for a proper non arbitrary contract would.

How many of the larger bond holders would like to see a more concrete contract put in place?

My BTC address is 1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL

http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL

I have 5007 shares (1669 before split)

Looking at the bond list,
There are a total of 365 Individual Shareholders in the list (If you take out the ones that have 0 shares and assume that no one is using multiple addresses)

Top 10 Shareholders - 2.74% of Total Shareholders
own ~40% of all of the bonds

Top 15 Shareholders  - 4.11% of Total Shareholders
own ~48% of all of the bonds

Top 20 Shareholders  - 5.48% of Total Shareholders
own ~54% of all of the bonds

I imagine you will have to use http://www.sfc.hk/web/EN/index.html as they are located in Hong Kong

You have some serious issues man but we'll work past those.

My boards are still mining on my account and I've had no issues with them. Anytime you saw them go down it was due to a power outage or I was fiddling with the cards.

I haven't spent too much time with them really pushing for the best settings as I've been away. (Each card is fairly unique in what clock speed it hashes best at)



I don't believe I've ever approached Ken in the past to sell him my used mining equipment. These are also not "used" baby jet boards from Hashfast.

In the unlikely case you do get a grip on reality, please refrain from posting in this thread as it will simply be deleted.

Unfortunately I'm going to have to agree that the contract is way too arbitrary.

Regardless of if there's trust or not (and I do trust Zach) I would not sign a contract like that. There needs to be hard figures in there that somehow legally reflect what the intention of the original contract were.

The original contract said in no uncertain terms that our hashrate would grow proportional to the amount of "bonds" in circulation compared to the amount of hashrate LRM had from equipment purchased by the selling of additional bonds or by reinvestment. There was definitely a "minimum hashrate of 100MH" given but I can't see how that reflects a maximum which is trying to be portrayed currently.

Shareholders have also agreed to do a one time "2 Weeks of Mining on New Equipment" that seems to have been made permanent. It seems as this is a "Do or Die" situation that the company is in. Somehow the 25% isn't enough (Since there's no transparency on the accounting side we cannot be shown this to be true or false) I'd personally vote for this to be removed as the original contract did not include this.


I will say that I've personally met Zach and worked along side him putting up some of his mining equipment. He is a smart, hardworking, trustworthy guy but I'm not convinced that this contract is the best fit.

Never ran into that,

Maybe the water cooler isn't correct set or it could even be too tight which is known to cause issue.

Hey just got back from being out of town since last Monday,

I had Zombie errors too with my boards, I think it might be related to the board not getting enough power but cannot confirm because my issue kind of disappeared by itself, now I only get Zombie if one of the PSUs are not on.

To troubleshoot the boards only connect one at a time and see if they load up.

The only thing I can recommend is to right click on the USB in your Device Manager and click Uninstall. Make sure to check Uninstall Driver when that pops up


Then try to run Zadig.

I'm very confused about this "Combo Drive" and "Go!Suite USB Device"


When I plug in the units currently they show up as M1 Module. CGMiner 4.2.3 in Linux picks them up without any need for a "WinUSB". CGMiner 4.2.3 in Windows needs the WinUSB driver to pick them up.

This is what Zadig looks like when I fully uninstalled the software on the M1 Modules and then try to install WinUSB



In Computer Management this is what it shows


If you figure out your issue let me know so I can add it to the guide.

Thanks!

That is odd, usually this means that you must have installed a previous driver for something that is picking up these VMC Boards.

I'm using Windows 7
This may or may not work but go to start and type devmgmt.msc

Go down to the USBs and find which ones are your VMC Boards (replug them in and watch which USBs come up or not since you are saying it's being recognized by various names)

Once you are sure you found the USB for the VMC Board right click and uninstall.

Once it is uninstalled try to use Zadig again to install WinUSB.


Unfortunately I've never gone through your experience and when I plugged in the boards and installed WinUSB CGMiner picked them right up :/

Hope this helps, let me know if it does.

When you open the zadig to install WinUSB it should come up automatically with the HashFast units.

Try plugging just one in to a different USB port (Maybe the port you are using is dead?)

Regardless once you plug in the HashFast Unit and if that unit is powered on it will show up in Zadig, then you just click the button to install WinUSB on it.


Once you installed WinUSB and you open Zadig it won't show anything if you open it up again.

Download latest CGMiner and just use the following to start it


That should be your batch file.

Change --usb HFA:1,BAS:0,BF1:0,ICA:0 "HFA:1" to however many units you have. I limit mine to one because I like to configure each one separately.

Of course Sporket (Aka Crumbs) comes on here trying to promote some agenda against me.

Actions speak louder than trolls and in this case I agree with ||bit regarding a lot of the "Bitcoin Securities" turn out to not be all that we have hoped, I have a large farm myself (Should be up to ~130TH by the end of this weekend).

Since I'm not afraid to show my face in public like some of us, I use that to go and meet with people and businesses to do due diligence and to lend a helping hand as I'm fairly well connected to people that matter unlike crumbs and MP.


Regardless of the above there are two types of people on this forum. Those that troll and believe trolls, and those that get off their chair and do work.

On Eligius freenode there was someone that said they received theirs and posted their address running.

I believe Vince posted this address somewhere on the forums.

Lowering to $85/Chili but removing the package deal - You can purchase the PSUs and Hubs separately.

Not entirely clear on how to read your sentence, but if I'll try to answer.

I do not know what the issue is with LRM,

I also don't know why nothing can be said although in any business it is usually wise to wait until your lawyer gives you the go ahead to say anything if that's what their opinion is.

He exists, I've personally met him.


I did visit him and I saw all of the gear for the 25TH mining away. This is the same trip where I met his lawyer as well.


No I do not have any idea on why this is taking so long, but it is strictly out of Lab Rats hands at the moment. It would most likely cause a bigger delay to try and go with a different lawyer since this one knows all of the workings of Lab Rat Mining as he's been part of it since Day 1 from my understanding.


Try to focus on the real issues, not the make believe ones.

The real issue is there's no communication and lack of transparency. Those won't be resolved until the Lawyer is done. A vicious circle it seems.

I understand, however there are people who get free electricity (built into their rent or however they do it) and they could easily run 1-6 of these and just earn coin.



Sorry The Deal includes the PSUs and Hub. The PSUs are easily sold for $50/each and the Hub is maybe $15/20.

$100/each including the above is Plug and Play and I believe is a pretty good price.



I can sell to the EU but payment HAS to be in Bitcoins as even in the US PayPal/Credit Cards are risky. I won't know the price until I package them up but I don't expect it will be too much. Can you give me an Address via PM and I'll try to get you an estimate.

No thanks,

The price reflects shipping within 24 hours. Also most of the chilis I'm selling are 32-35GH but I don't want to falsely advertise so I put 30GH+

If you were to redo the heatsink with a better thermal solution you could probably almost get 40GH out of them.

They are ramping up. Give them a little break. All datacenters go through this process.

Everyone instantly comes on here to post a complaint when they see the hashrate go down, it's going to fluctuate until things get settled.

Guess I could have just said to plug it into a psu, put the cooler on, plug in the usb and hash.

Short enough guide for you