Mostly because I maintain it, and most stuff posted there shows up here first.  But there are some people who don't follow Bitcoin[st]Troll[/st]Talk, so I post important stuff there... grnbrg. PS: $580 - $650, depending on the exchange. WTFBBQ.... Are we gonna crash again? While you are at it , would you know when did the official 14 days of mining period start & what happened to the mining revenue earned of new hardware received before 14 days of mining period started  , If Lab_rat has different understanding about this please share it with us so we know whats going on Meanwhile I think we are set for 1000$ BTC with or without a correction in price , exchanges are running out of coin lol. |
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Some people can be overly demanding regarding the frequency and detail of updates they want, but on the other hand, it would be nice if, given the amount of bitcoin that has been invested in this enterprise, we at least got *something* on a regular basis.
It takes a minute to create a Twitter account and 30 seconds to compose a quick tweet along the lines of "No news today, still waiting", or "Current hash rate 5TH/s, expecting equipment next month". Etc.
I would like to very politely request that LabRat (either directly, or via grnbrg) make some kind of basic effort to at least give us a regular Tweet, or Wordpress.com blog post (just a paragraph would do) keeping us up to date. We've invested in this enterprise and some communication would be really appreciated.
Look, we know stuff can take time to come to fruition and sometimes there really isn't much new to report, but communication is so important to keep trust and goodwill strong! Stick a wordpress blog up (seriously, this will take you a minute at wordpress.com, you don't have to install a thing) - or just use a Twitter account (again, super quick and easy and you'll keep everyone happy). And give us the courtesy of a regular tweet or blog paragraph (not even a full post!). It's neither hard, nor particularly time consuming, and doesn't even have to contain any new information. Just let us know you're alive, still waiting, etc. Tell us whatever the hell you want. We'll understand and most of all, we'll appreciate that you thought it was worthwhile at least keeping us in the loop.
Yo people demand updates because there are important unanswered questions as you are aware Here is LRM twitter feed : https://twitter.com/LRM_News , but no surprises there either  |
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Is anybody selling their current shares? I would like to buy in. Please PM your share and your price.
Ready to pay the transfer fee and start hashing!
Check PM. |
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So...no news this week ? Sorry but writing a post with Divs info payout take less than 5 minutes  This lack of communication is very boring. Even some Group buy have better communication/info. It's not like the situation was optimal. No it's not. No exchange.(Ok Bitfunder fiasco bla bla but others have already alternative solutions) No clarification about the 14 days period.
No communication about hardware received (when, how much, etc, etc..)
No real-time Hashrate (LRM hash at 5, 10, 30, 100TH/s? no one knows...)
Website totally obsoleteAll this impact trust. I know you have some hard work but it's your work and you get paid for, so please let us informed. It's barely the minimum because the situation is not optimal. Nobody likes to be in the dark. +100 specially on boded part |
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Its always quite before the storm , hope it is good news storm !
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Smells like a lot of FUD unnecessarily brewing!My thoughts are that LR is obviously busy as hell or he'd have more time to spend here with the cranky mob so take that as a good sign! Didn't he say he had a bunch of hardware arriving? I can imagine that takes a ton of time to set up and tweak. I'd actually like to see, once our dividends return to normal after any 2-week periods, a great increase in the amount of BTC we reinvest. I think a percentage of the 25% deduction is not enough at this stage, and we need to get a leg up as soon as possible despite the increase in BTC value.
Might I suggest 50%?LR can take the same as he does now for management, so that wouldn't change, but we could crank up the hardware buying power by quite a lot. Things are changing fast in the mining world, and there may be a tipping point at which we cannot keep up - I don't know if it's 25%, 50% or even more, but I'd rather stay ahead than not. Thoughts? We all are asking serious & honest questions here so no FUD is being spread. Please read through post above many of the investors have doubts which needs answering. Also some posters get carried away , Lab_rat is not a scam but lack of clarity & info from Lab_rat is root cause of all the un-rest here, If I was investing in LRM as Hobby of earning BTC then I would not have bothered but that's not the case. No dis-respect but WTF! 50% I hope you have read the post which shows how much of initial IPO price has been paid back to investors in dividends. |
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I own 0 shares in this group buy but I do admire & acknowledge Tyrion and BlastBobb very professional & friendly & open & clear way of running this group buy , RESPECT !
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It really doesn't seem fair that we have to wait until all of the equipment is received before we receive any benefit. Some of it has likely been set up and hashing for weeks now. We should start receiving dividends from new equipment 2 weeks after it is put online and starts hashing. Just because it is not all in doesn't mean we should have to wait longer for dividends from the equipment that is already in.
While I agree with you, it's sadly not really up to us. LR is going to do what he's going to do.I dont agree with that one bit , I did not invest money in LRM so Lab_rat could buy hardware with our monies & do what ever he likes to do , sorry but this logic is ridiculous , instead please donate money to charity ...... , I am confident Lab_rat understands every one invested into LRM is for dividends & returns & this is top priority for LRM , I remember paying 0.025 BTC as transaction fees is still quite fresh in my memory & that didn't go down quite well did it , so doing what he just likes to do is not the way to go. |
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I'm back.
Sorry for the lack of communication recently - I only intended to be away for a few days but it ended up being a fortnight. As I hadn't intended to be away long I didn't have my laptop etc with me (and 3G coverage was terrible for the android).
Got a bunch of things to catch up on (including DMS) - will make a longer post later tonight or tomorrow. Here's the main points:
All funds remain intact and untouched (the BTC address holding the main funds was listed earlier in the thread and hasn't changed)
No dividends will be paid yet for a few reasons:
DMS.SELLING can't have dividends paid until Ciphermine.B1 is liquid - at present those have an effective value well below face value.
I have a few mails from people whose BTC addresses were inputs.io addresses. If I want to pay dividends direct then those would need to be fixed first (haven't even read up on the news yet but one of my mails says TF was either hacked or pretending to be hacked and stole the funds).
Some people haven't got BTC addresses listed from BTC-TC (only a few). As soon as I make a dividend payment to some but not all investors it makes it a nightmare to relist - as the shares are no longer fungible until all have received same dividends.
I've skimmed though my emails (which includes copies of all PMs to this board) and will now start answering the ones that need a speedy response.
I knew you would be back  |
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But in real news. LRM has about 12-13TH up, another 17TH going up by end of day Tuesday and I believe only one more shipment (maybe 2) from Dave of an unknown size before the 14 day period officially begins. This shipment is all but guaranteed to be this coming week.
Any news about the new hardware and the start of the "14 days period" ? Can't believe I missed the point about what is online and what is coming..... very exciting to see for sure. How about an update on the shipments? Grnbrg, a tweet perhaps? Also - quick and very dirty estimate of .0013 ish in dividends per bond Saturday assuming we are at 30 TH today and the for the rest of the week. Still nowhere near the high of .0019 in September. (I look forward to being corrected  ) I bet LR is not getting much sleep with all that integration and setting up! Go Zach! Where do I send the redbull? It has not been made clear whether mining revenue from new gear will be paid as dividends this Staurday or LRM has already started the 14 days mining period. Even if the 14 period has already started LR has said we won't get any dividends from the new hardware until the 14 days are up. Question is about the mining dividends which are earned with new hardware before 14 days of official mining starts , I am confident Lab_rat will clarify this for us all soon. |
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But in real news. LRM has about 12-13TH up, another 17TH going up by end of day Tuesday and I believe only one more shipment (maybe 2) from Dave of an unknown size before the 14 day period officially begins. This shipment is all but guaranteed to be this coming week.
Any news about the new hardware and the start of the "14 days period" ? Can't believe I missed the point about what is online and what is coming..... very exciting to see for sure. How about an update on the shipments? Grnbrg, a tweet perhaps? Also - quick and very dirty estimate of .0013 ish in dividends per bond Saturday assuming we are at 30 TH today and the for the rest of the week. Still nowhere near the high of .0019 in September. (I look forward to being corrected ) I bet LR is not getting much sleep with all that integration and setting up! Go Zach! Where do I send the redbull? It has not been made clear whether mining revenue from new gear will be paid as dividends this Staurday or LRM has already started the 14 days mining period. |
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Doesn't volume seem quite low post correction build up of price upto ~ 380 ?
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4515 1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq Verified 1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq is this labrats ? or an imposter It some one who posts in this thread & also in LRM shares trade thread |
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Numbers taken from these very low liquidity markets should be expressed with huge error bars IMHO. This is very useful info, and I thank you for collecting it and compiling it, but large error bars must be used to stop people extrapolating from very small data sets. (Many people are just really stupid I'm afraid, and will read more into these metrics than anyone ever should.)
Thanks again though, I think this is an important job.
mmerlin -- you're spot on. The data that I'm aggregating should not be regarded as financial advice or even technical analysis even in a future state. The amount of data are sparse, and, frankly, it's so sparse that it would be difficult to even calculate an appropriate margin for error. From a statistical perspective, the whole data set would likely fall into margins for error. There simply is insufficient data. But, I will start tracking volume, shares traded, pricing, and yield so that people have *something* tangible. Ultimately, however, people will have to consider their own risk tolerance. grnbrg -- thanks for the pointer to when we were capturing to bitfunder data on greater frequency. Maybe I can find an explanation for those 127 shares. I happened to have worked for one of "those" audit firms in one of my past lives, so it'll be an interesting exercise. Man reading your post make me beleive I am taking part in a executive board meeting lol , thanks for collating data & giving all data meaning full perspective |
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@lab_rat - have you spoken to Ken at ActiveMining to see if we can get a deal on some of their machines? Shipping is slated for nov/dec
+1 , I think AMC is the dark horse which could surprise all. |
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How much BTC would per share get if miners are sold , I am too lazy to do the maths.
1 miner at 6700 usd is 20 btc so .2 btc per share for 1 miner if we got 6700 usd for the 1 miner. OK , I suggest we watch how much difficulty goes up this round as hashfast is delayed till mid December or may be more , I think if difficulty jump is not very high & we are able to make any thing between 05 ~ 0.7 BTC in 24 hours & with BTC value going up even 200$ hosting fees wont hurt much , I think holding on to miners at least till end of this month is the way to go , but if difficulty keeps going up more than 30% every 2 weeks then I guess we have to sell the unit , lets see how this turns out. |
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How much BTC would per share get if miners are sold , I am too lazy to do the maths.
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Guys please update the table every time trade of bond happens so all info in table is upto date & not stale.
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