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cryptx , are you still selling bitfury boards.
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I have something very big in the works that would mean LRM is very sustainable. I can assure you of that.
Rat can smell whats .... cooooooookinggggg! |
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Thanks for the update Lab_rat , I hope your able to add more hardware sooner & at more frequent rate  |
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I believe I've updated the entire website. Please kindly let me know if I missed something stupid... I'll fix it immediately.
Could please tell us from whom are you going to buy future hardware from , bitfury is good but their shipment delays to us have cost us dear , how about picking-up 2nd hand KNC gear from people bailing out of mining. At this time it is undecided, but I'm in contact with multiple suppliers. Other than Bitfury & BFl gear , have you made any pre-order deals with any other manufacturers ie. cointera , hashfast , I would also request you to please look into Vitrual Mining corp, you could probably have a word with VMC CEO Ken slaughter on this forum to see if you can make a deal work with them because I believe VMC has got prototype chip in hand already hashing. VMC ?!? Are you insane...we already lose time and money, buying vaporware doesn't help... Second hand KNC ? Overpriced...LRM miss the boat...end of line. For the moment Cointerra and/or maybee Clam ( https://bitcointalk.org/index.php?topic=343856.0 ) can be a good choice. LOL 55nm & i am Insane , sure bro  At some point LRM will have to sell gear which doesnt cut it any more , 55nm doesnt bode well. |
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I believe I've updated the entire website. Please kindly let me know if I missed something stupid... I'll fix it immediately.
Could please tell us from whom are you going to buy future hardware from , bitfury is good but their shipment delays to us have cost us dear , how about picking-up 2nd hand KNC gear from people bailing out of mining. At this time it is undecided, but I'm in contact with multiple suppliers. Other than Bitfury & BFl gear , have you made any pre-order deals with any other manufacturers ie. cointera , hashfast , I would also request you to please look into Vitrual Mining corp, you could probably have a word with VMC CEO Ken slaughter on this forum to see if you can make a deal work with them because I believe VMC has got prototype chip in hand already hashing. |
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I believe I've updated the entire website. Please kindly let me know if I missed something stupid... I'll fix it immediately.
Could please tell us from whom are you going to buy future hardware from , bitfury is good but their shipment delays to us have cost us dear , how about picking-up 2nd hand KNC gear from people bailing out of mining. |
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I think we should put a deadline may be 15 days from now by when all share holders have to sort them self's out , it is their money & if they don't care about their own BTC then their dividends should be absorbed into DMS.
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Lab_rat , could you please share with us financial reports of LRM from day 1 as to bring more clarity to this whole project.
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Hoping Lab_rat does come online today & answer some of the questions raised earlier.
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D - Day folks , prepare your self.  |
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Yah, but Cointerra and Hashfast, when have they ever shipped?
I hope you understand & appreciate cointera & hashfast shipping getting delayed further or else our dividends are screwed to satoshi dust. |
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Really does seem as though $1mill should have bought a lot more hash power than 25 Th.
.....As has been said multiple times in the posts today it did infact buy more than that. Some of that money went into Monarchs. Some of that money went into initial buildout/costs for hosting I'm sure. Monarch is bad investment of money against increasing difficulty , under mining KNC has not turned out good for us 100%. Worst bit is we have manufacturers ie. hashfast , VMC , BFL , Cointera , KNC ...... & list goes on , who will deliver new products shortly which @ current growth rate of LRM will mean further hurt on our dividends , I hope Lab_rat does have some solid plan to overcome all this. |
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I think we all can agree one thing that Lab_rat should look into other hardware vendors who are able to provide hardware ready to ship , just relying on bitfury even if we are able to make good deal doesn't count if difficulty has gone up equally as well by the time all the gear gets delivered to us.
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So, how much new hardware was already running before this 14 day clock started?
And did the mined BTC of that new hardware before Monday count towards reinvestment, or did it get turned out to shareholders?
ANSWER (Hardware) will start rolling in next week and what it accumulates between time of arrival and 14 days after it is all received will 100% go into additional hardware. CONFUSION Good news from Lab_Rat. There is still some hardware in the pipe, but he will be starting the 14 day clock on Monday.
I understand , Please remember quote from Lab_rat is from October when he was expecting bitfury gear delivery which in reality is happening over past week & looks like there is still some incoming batch of bitfury gear What we should be happy about is now we know when 14 days of mining will start from , I am sure we will soon hear on other missing bit of news/info about total accumulated mining revenue going into LRM re-investment/operations fund & new hashrate of LRM. |
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Dear Investors,
Because of the closure of Bitfunder and the issues Bitfunder has lately, I have decided to pay dividends to the Public Adresses provided by Bitfunder.
Please make sure that you use a correct address that is yours.
This is the list of Public addresses provided by Bitfunder:
Shares: Address:
6 18R87s1gR9hmTjxTmpDkS9VhztvZyzzvx
30 14VAGTSca5mLznuzGjpTLkGj2YXJKyVjvN
1 1N3peaFxGmrPTCQJ2GjrzphzceZqMx5jc
1 12Ehoiy5vFUoPSeRsKiL3nWC6kYQRmTMgk
8 1NtXFqMVPLCy3bJxaugqwwAw8cqN84gkgM
1 1J4ehVq3v6HEEhchG8nNJsP92CWksFxUnL
3 1D5s4qkXz5W33URjmrJWoTnujvQyjQjHbC
1 1KrxecCGj1PD458Lfd8xx54KmQm77tXzVA
5 1ALCYkys1CZzV65frJEkuceRRpnUQ7Jjk9
7 1DiGXfCS6VoT3wyBkgMeG9STdCTdsCu6Hq
1 14e8xhwqJBdJPquVFLEGWivodtWFyPMZE2
2 1FbyPbKCkzdU1rPQu5hy2U9ARFxxfCn1cn
2 17DK1MGmU51C34eBivhXPGos7Mc67jd4PJ
35 635a91d71c72e64f2be449065407ac59b213eb127b279
2 18oZMawnj4P8BmQmGMvhnwL63cLQs7c9fY
24 1MTSyG4LJb636dhy5mu9SsDGTb1qgzBaLL
2 1iWhqYZw8JuctpiaoQoA94ynEdY3sNWtd
The user with 35 shares has not provided a correct bitcoin address!
Kind Regards,
PsychoticBoy
Thank you PsychoticBoy , Iam looking all sorted Please do look into how to send BTC together to multiple bitcoin address at once as to save transaction fees involved. |
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So, how much new hardware was already running before this 14 day clock started?
And did the mined BTC of that new hardware before Monday count towards reinvestment, or did it get turned out to shareholders?
ANSWER (Hardware) will start rolling in next week and what it accumulates between time of arrival and 14 days after it is all received will 100% go into additional hardware. |
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Hi PsychoticBoy are you sending dividends to public address on bitfunder.
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To Da Jupiter! , Choo Chooo Motha Fuckerz !
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A missive from the Man himself. Just got this a couple of minutes ago, with permission to repost: I've been going 20 hours a day for months and understand what is to be done, and for this I'm truly sorry I've not been as verbal as is wanted. I'm going to be making some major updates to everything in the next couple days so please bare with me here. This business is my baby and I don't want to see it go down the tubes just because I don't have time to be public. I'm going to be setting aside some time to update the website/forums. And hopefully give some real definite numbers. Please don't kill me if other things get in the way in the very short run, but I want people to know I'm in this for the long haul and I know I couldn't have put this beast of a mining op together without each and every bond holder out there.
Even though things are crazy right now. There looks to be a few week gap in the near future here where i may be able to breathe for a moment and catch up with everyone. There's a lot of people out there I miss talking to. (Including you grnbrg)
There is a light at the end of this hard working tunnel though. And that light is... Whatever color Bitcoin is... (orange?) I do have some pretty crazy things in the works though as long as everything comes together as planned, which it's coming together.
Sincerely,
Lab_Rat
grnbrg. Awesome , Thank you Lab_rat & grnbrg for update |
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While you are at it , would you know when did the official 14 days of mining period start & what happened to the mining revenue earned of new hardware received before 14 days of mining period started  , If Lab_rat has different understanding about this please share it with us so we know whats going on I've pushed him to drop by and clarify, and do some Q&A. We'll see how that works out. My understanding at this point is that the 14 day clock will start when the last of the hardware in the current order arrives, which should happen very soon. The new hardware that has previously arrived has been mining in isolation (which is why divs have been low) and 100% of the proceeds mined between arrival and the close of the 14 day clock will go to new hardware. (Hardware) will start rolling in next week and what it accumulates between time of arrival and 14 days after it is all received will 100% go into additional hardware. grnbrg. Dang ! I am ashamed that I miss this bit from Lab_rat's post , thank you for clearing this up for me grnbrg , I apologize to Lab_rat for my oversight & lack of reading comprehension  I am all sorted for now in regards to my LRM doubts I had |
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