Hi LabRat,
Thanks for the new info. Can you give any estimates of the speed per bond by the time you reach ~100THs?
I was kinda disappointed with this weeks payout (almost half of last week) but I guess it's due to the diff jump.
Also I would like to know if Lab_Rat plans to issue further new bonds ? which may further dilute dividends per share but at this point should not be the case as he is getting to mine for 14 + days on newly revived hardware. |
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Changing my price, need to pay bills.  nwwfella, PM me if you want those 10 shares. Please check PM |
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I need a little clarity,
I thought it would only be 14 days total of dividends (minus the ~5TH) going to LRM directly but now it seems that it's all the days until "All the boards come in" + 14 Days so it actually ends up being over 21 days or am I misunderstanding.
I ask the same question but no answer so I assume answer is yes |
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With hash fast not delivering as promised on time we should continue mining till we can make reasonable BTC & also BTC going-up is on our side.
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lets try to get back as many btc as possible , USD matters but , nothing like earning retunrs in BTC
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Just got a note from Lab_Rat... Divs will be a bit late today, but will go out. And volume is low, but there is only one more shipment of BF gear from Dave, and then we'll start to cruise. He's waiting until everything is plugged in and verified before posting actual numbers. https://www.youtube.com/watch?v=FsqJFIJ5lLsgrnbrg. Cool & understandable , now please do belly dance for us   |
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grnbrg is keeping us people entertained as lab_rat requested but I think we all are more interested in some real news about progress or current status of LRM with hardware , hashrate e.t.c
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ninthgate & Fishnet , you have got a trade of 20 shares @ 0.06  |
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Also if LRM could please share with us how much bitfury gear he has received & how much more he is waiting for , so that we can get an idea of when the 2 weeks of mining on this gear will start or we have no clue on whats going on.
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Hey man , LRM posted info about signing shares on bitfunder , on this forum here & also on his website , so he done the best he can I think in this regards , share holders have responsibility about their shares tooo I understand my responsibilities, hence my regularly checking the News section on Bitfunder. But am I the only one who doesn't see any such info on Bitfunder? The last update I got was from 2013-09-26, "LabRatMining : LabRatMining is past 5TH!!!" Ok My bad , no news on bitfunder  , I think Lab_Rat should put some thing on bitfunder news section about moving away from bitfunder but at the same time people can find link to this thread under Summary of LRM on bitfunder so if looking for info they should end up here or on LRM website. Good to know you got the message & have done your part |
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I believe that price is artificially high due to the issues with Bitfunder
Corrected/Fixed |
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As long as hashfast has delayed product shipment we are looking ok & should consider selling only when hashfast is close to delivering their product as then dificulty will go to moon & Jupiters value will start to take a fall , but if BTC continues going-up as it is now , then we may have to re-think I guess.
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Sorry everybody, I just saw the announcement about signing our addresses. The reason I didn't saw it before, is because I thought any important announcement would be in the News section of the asset on BitFunder.
Anyway, I'll be signing my address in 5 hours (I don't have my wallet with me now), so please wait for me.
Sorry!
Edit: alright, that's done. I went home early just to do the signing.
Hey man , LRM posted info about signing shares on bitfunder , on this forum here & also on his website , so he done the best he can I think in this regards , share holders have responsibility about their shares tooo |
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whats each share worth in hashrate
More than 40MH, I think. I will confirm this in a bit. As per last dividend paid on bitfunder each share hash rate comes upto ~ 35 Mh/s |
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People can't be unaware of Bitfunder shutdown...
It's in Frontpage.
And LabRat posted in 3 different places.
I can understand some people only buy share because they're available on Bitfunder and they don't check Bitcointalk or BFL forum.
But not anymore.
Could be numerous reasons why they don't know. Holidays, sickness, etc etc I think the fairest thing is for LabRat to hold the shares for them, keep the dividends for them too. Then when they come back one day, its all waiting for them. This is the fairest way. LR may be able to take a 5% fee for keeping a record of it all, but that it. Not fair to simply take the shares off the shareholders just because they didn't know to reply. It is responsibility of both parties seller & buyer to know state of their shares & particularly if you own huge quantity of shares , if LRM has done his bit but got no response in reasonable time , then shares should be dissolved into LRM. I own stocks, and have had periods of six months to a year without logging into my brokerage to check them. But if I did log-in after such a period and found the brokerage had "absorbed" my shares... don't you think I'd be justified to be upset and to think the brokerage had done wrong? How would you feel if you logged in after a three or four month hiatus and found that the brokerage had "absorbed" your stocks? With that in mind. LRM has existed barely a few months. Other than LRM being unregulated... How is the scenario I described different in principle? Bitcoin , nothing is regulated about it unlike broker at stock exchange , who has a set rules & guidelines upon which customers can trust & rely on |
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In USD terms, we're at about +5% ROI. I wonder if we'll see Bitcoin at $300 next week? w00t !!
The next payout is scheduled for Friday November 15th. That will be the first payout that hosting fees will need to come out of. And speaking of hosting fees, I need to call a vote on making a correction to the original terms of the GB which states that hosting fees are 2.75%.
The problem here is that hosting costs are in USD, not BTC, and the electricity, internet, rent, utilities, maintenance fees, and all the other hosting expenses need to be paid in USD. In US Dollar terms, the hosting fee is $200 per month, or $100 every payout. (That's a special GB reduction from the $220 per month that I originally paid for hosting these machines.)
This amount is almost 50% less than KnC charges for hosting, and about 30% less than CoinTerra plans to charge for hosting. In short, it's a very good deal at $200 per month. Paid this way we can continue operating the machines until they aren't mining approximately 0.3 BTC every two weeks - probably well into next year.
On the other hand, as difficulty rises, 2.75% probably won't cover the hosting costs past the next payout - it drops below the cost of hosting when the machines don't return at least 11 BTC every two weeks. So, the bottom line is this, either we modify the original 2.75% terms to be $200 per month, or we have to shut down the machines much earlier than we really need to.
I vote my 5 shares of R5 and R6 for modifying the terms of the GB to change the 2.75% to be $200 per month so we can continue hashing longer.
Votes, please?
+1 With my 11 shares in R5 i vote yes for increase in hosting fees to make GB run longer. |
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People can't be unaware of Bitfunder shutdown...
It's in Frontpage.
And LabRat posted in 3 different places.
I can understand some people only buy share because they're available on Bitfunder and they don't check Bitcointalk or BFL forum.
But not anymore.
Could be numerous reasons why they don't know. Holidays, sickness, etc etc I think the fairest thing is for LabRat to hold the shares for them, keep the dividends for them too. Then when they come back one day, its all waiting for them. This is the fairest way. LR may be able to take a 5% fee for keeping a record of it all, but that it. Not fair to simply take the shares off the shareholders just because they didn't know to reply. It is responsibility of both parties seller & buyer to know state of their shares & particularly if you own huge quantity of shares , if LRM has done his bit but got no response in reasonable time , then shares should be dissolved into LRM. |
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15th or 16th of this month , cant wait |
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List: https://drive.google.com/folderview?id=0BwZCh0jtSZkwQXhYSVhzaWZUcmc&usp=sharingHW has started coming in as I said and I will be setting aside this (not including previous hashrate) revenue for new hardware until 14 days after all hardware is received... depending on the pricing I can get with Dave this will mean a lot of hardware in addition to what is being added right now. Sorry for no updates, been a little busy. grnbrg, entertain these people!!! What I understand is you have got some new gear but not all the gear ordered but u are setting aside all the mining revenue from newly received gear in first batch till you receive all the hardware you have bought upto delivery of last batch of bitfury gear & then mine for 14 days from then on collectively received hardware in all the different batches combined together , is this correct ? Am I right , if so you need share with us the numbers as this needs to be discussed openly on the forum. |
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Hey Lab Rat,
What's the good news!
+1 , we need some good news with pics & LRM btc wallet a address. |
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