You would think if I was wrong lab-rat or gnrgb would put me straight right?
Not really, since they don't have the habbit to reply to the more interesting questions. Clearly I am not the only one who has questions, so a clarification from Lab_Rat would be nice, and only from Lab_Rat, not anyone else posting in this thread who does not hold the truth with 100% certainty. I'll give it a shot to put it in an easy format for Lab_Rat: - Do you have a share in CoinSeed? If so, how much?
- Does LRM have a share in CoinSeed? If so, how much?
- Is the electricity cost paid out of the 25% management fee?
- Do you have time to manage 2 mines? Which one gets priority if both face urgent issues?
- Does this have anything to do with the ASIC project? (the custom boards photo you posted)
- Is there any new equipment planned already which will be bought together with CoinSeed? (I remember new bonds beeing issued for this)
- How do you intend to grow LRM? Buying new hardware with a part from the 25%? New bonds?
No No Yes Probably Yes this is the asic project Yes 156 Th Yes both. Any questions that haven't been answered in this thread already? |
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Unless partnership suddenly means working for another company and getting paid personally for that work then, no. The only thing that has changed is access to cheaper hardware and getting to share a small section of the coinseed location.
You would think if I was wrong lab-rat or gnrgb would put me straight right?
If this was a partnership with coinseed then share price would have more than quadrupled.
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25,000 shares gone in 2 hours. . .
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That's not what Lab_Rat wrote, see above in red.
This is why I am asking for a clear answer from Lab_Rat to explain everything in more detail.
I don't care how it was worded. It is very clear Zach has been hired to build out and run this farm. As a courtesy Kaufman has let zach host labrat mining hardware at the same facility and let them piggy back on orders to get cheaper hardware. Lab rat mining is basically a side show now. |
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As released today on BusinessWire and CoinDesk, LabRatMining is working with CoinSeed CEO, Merlin Kauffman, to help CoinSeed build out an extremely large scale mine. By partnering up with Merlin, LabRatMining will also benefit from the economies of scale on the hardware and build-out alike. We're looking forward to a longstanding relationship with CoinSeed and Dave Carlson of MegaBigPower. The circumstances involved in this deal ensure that LabRatMining is here to stay.
Yep, guess I read that wrong, LabRatMining will help CoinSeed build out a farm. Nooooooooooo you still have it wrong, Zach is helping build out the Coinseed farm and he is getting paid for it. Lab-Rat mining isn't doing anything and isn't getting paid for anything. |
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I thought LRM was a shareholder in the new company?
This is why I keep asking, would love some clarification from Lab_Rat (or grnbrg)
I have no idea where you got that info, nothing like that was mentioned in the press release. |
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Lots of ROI discussion, but can anyone already tell me which % share LRM owns in the new venture? And if LRM funds are invested in it? And if they are, how the return for us will look.
0% labrat just got a new job with a diff company basically and we get cheap hardware and electricity because of it - the ball is still in the air as to whether this is good or bad fro LRM. |
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Can we please skip the ROI in terms of fiat or BTC debate? It's been done a million times. It's like religion. Either you believe ROI in fiat is good or you don't. You'll never convince anyone to change their mind.
There is no debate, one side is wrong. Just because they don't understand basic math and economics does not make a debate, it just makes one side look stupid whenever they open their mouth. |
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I had $10 once, I bought two bananas for $5 each. I sold one banana for $3 and kept the other one. I'm happy cos I ROI'd in terms of Bananas.
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Some retarded logic in this thread
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I'd be happy if they would just start paying dividends again!
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AM have something in the order of $5-$10mill in bitcoins don't they? Whatever their reason for looking for partners is, it's most certainly not a funding issue.
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It's now Wednesday - 5 days since LabRat has had access to a keyboard, sorry but I don't believe you haven't had 15 minutes to address concerns of the half arsed announcement you threw out 5 days ago.
If your working 18 hours a day right now try working 18 hours and 15 minutes just one day soon please.
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Nobody is so busy that they release what should be a monumental press release and the go AFK for 4 days. Just answer the questions lab-rat the longer the wait goes on the more it seems like you just dumped LRM for a job on the coinseed project.
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tremendous lack of keyboards in Miami it seems.
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