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321  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: April 01, 2014, 10:05:47 PM
Any1 can contact Dave and ask about delivery?
322  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: March 28, 2014, 09:40:38 AM
If someone will do some collective lawsuit, please contact me also.
323  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: March 22, 2014, 11:48:47 AM
I'm sorry but I hvae not been able to determine from the preceeding posts exactly what are the "legal issues".

Fin-CEN, Money Transmitter registrations; what?

Now don't get me wrong here, I like Lab a lot.

Just asking.

My $.02.

Wink
+1
Already been asked many times. LABRAT What a f****** mystic problem you have, that u cannot even tell it.
I think this is just bullshit as you and ur company, because you are just 15 old boy that know nothing.
324  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: March 11, 2014, 02:56:17 PM
Also:
Current hashrate is 23-24 TH.
75% of it is 17.62 TH.

So as i understand, LabRat now will take whole 25% to himself(minus electricity)? No reinvestment part anymore?

Also, already asked:
What is real name of LabRat?
325  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: March 11, 2014, 08:50:56 AM
To anyone dictating how fast my lawyers will work, that's just not going to happen.  I don't even dictate how fast they work.
Oh... now i know why HW is always late.  Wink
I am taking advice of many folks and stopping answering any questions. 
"Smart" move. "I will do nothing until my lawyers will tell me how to solve this shit"?
Even answer questions about new hardware? What about other questions?
Who is this "many folks"?

U didnt learnt anything since last time u taked fee from dividends? In contract was that will be no fee. U have broken it. And.... u got solution in... what time? In some hours someone posted about sendmany. But u still did taked this fee because ... u dont know what u doing.
And we are again in same situation. U have problem, find some idiotic solution and u have again same problem. We didnt like the way u solve problem.
The problem is in formulation u said about it. I hope/believe this is temporary solution.

 As someone have said before if u would just say:
 "Houston, we have a problem. My lawyers says that by $ paragraph we cannot do "this" and "this". Currently i have no solution to make it painless way, so temporary decision will be that bond hashrate will be fixed at 100MH but bond amount will be tripled so 1 280MH old bond will magically turn into 3 new 100MH bond. This will be applied and stand until better solution will be found by my lawyers(maybe community will help?). About new hardware: Its still didnt arrived. I think that i will issue new bonds when HW will arrive and give it to investors to maintain same procentual part of LRM hashrate for investors."

I think that with this kind of announcement there would not be this negative reaction from community. But u must understand that if you order hardware on investors money and say that they will not get any hashrate from it - they will be very angry.

LabRat
Can you say to us, that we will get same proportional hashrate from hardware was already ordered and your lawyers will find some solution? Because if you want to keep BF order and BFL order by yourself and leave current investors only with 17TH - this not gonna happen and you must understand it.
326  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: March 10, 2014, 11:17:44 AM
NOW I HAVE SEVERAL QUESTION BECAUSE IT START TO PISS ME OFF!!!

1) LabRat. Are u sufficiently educated to be owner of this kind of company? Last time u fucked was with dividends, when u taked the fee for paying divs, even if there was free and easy solution. You just come, drop this shit, and then we say to u how u must to do in this situation. Really? U have ur fucking lawyers, u say that u know what u doing and we must say to u how things work?

U come and drop the bomb again. U have known about this situation for 2 months. And what u got? Nothing! This community members gives u better information than u "lawyer". U cannot say "i will use whole my time to solve this situation". Because as i see, there is currently no situation, there is no problem now and 10 hours @ forum is more productive than 2 months with ur lawyer.
U had enough time already. First answer to all community questions. Use 2 days for answering all question and messages, i think it will be enough to answer ALL POSSIBLE QUESTIONS.

During very long time i have asked about HW. Didnt get any answers. ||bit have also asked many times. So LabRat ANSWER!!!

Had many of questions, but they almost all can be solved with doing just one little thing:
LabRat. Can u give us financial statement report with amounts of money(coins/usd) got from IPO, hardware ordered with order dates and amounts, where and how much our money have been invested and everything else.
Also for hardware orders i want to see receipts, i doenst mean some BFL LS u buyed from forum members, i mean big order.

+ One big question. I said that u must solve this shit out by next saturday because:
Currently hashrate is 23-24 th. Lets assume its less possible, 23TH. (Really!! What a annoying shit, we doenst even know how much hardware is currently hashing!!!)
There is 58792 bonds out. If every of bond will represent 300 MH on next saturday then payout will be from 0.3*58792=17637,6 GH.
So we will miss 5-6 TH of hashpower. Lets take 5,5 and calculate how much it is from whole hashpower..... and.... its ... 31.18%.
Its even more than 25% management fee, future hardware invest and other things.
Again: What the muck, LabRat?

++ What is payout bitcoin address for LRM from Ghash.io?

327  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: March 09, 2014, 09:58:08 AM
LabRat:
Is there any new hardware delivered?

Quote
Based upon recent developments in US and local laws, Lab Rat Data Processing, and their legal representatives, have determined a potential current or future problem with its current rate structure, which was originally intended as a variable rate payout. Therefore, Lab Rat Data Processing is amending its variable rate payout with a set rate payout of 100 MH/s per contract. This rate payout shall be for all current contract-holders and all future contract-holders.  Contemporaneous with the change from a varying rate payout to a set rate payout Lab_Rat will triple the amount of contracts held by all contract holders as of the date of March 8, 2014.

LabRat, u have 1 week to solve this shit until next dividends.
Also answer about new hardware. Or u have put it already on LAB RAT HOSTING SERVICES, L.L.C.?

Because every time u order something from BF its late with delivery. So i think that u have already received new hardware. Waiting "week or two" is not the option.
328  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: March 08, 2014, 10:59:47 PM
Again I would like to apologize for this seeming like I'm randomly dropping this out of thin air.  I have had morality yanking on one arm and legality yanking on the other for the last 2-3 months.  This is not a new development, it is just becoming a finalized one though.
Does Grnbrg know?
Yes, now he knows. I think they will not be anymore best friends Sad
And if he knew...well the word "rat" comes into my mind.
He knew ~ a week ago and didn't sell his bonds behind the scenes.  He understands because he knows me well enough to know I wouldn't do this unless I had to.
He didn't sell his bonds because he would have been acting on insider information. Insider trading is illegal. You should know that.

Zach, when you make statements like this it just reinforces the sense that, even after all this time, you are still not treating your LRM responsibilities seriously. This isn't a joke. You are not playing with Monopoly money, sitting across the table with paper cutout dummies. Real people have invested real money with you. They are not some anonymous internet avatars; they are real people with real lives and real families with real bills to pay. They gave you their money because you convinced them to trust you. Now you are telling them they can kiss their investment goodbye.

It is obvious that your investors will never recover their initial BTC investment. Real people have lost real money and value. What are you going to do about that, if anything? You know that the only person who will make out positively from this mess is you. At the expense of everyone else. But you can change that. Nothing (other than personal greed, perhaps) is stopping you. But I guess that knowledge doesn't keep you up at night.

I imagine its kept him up. Regardless of how much sleep Zach does or does not get or how much he really cares, there is always more than one way to solve a problem. One point I need to clarify is that you represented from the outset that LRM's legal counsel advised that its structuring at launch were within statutes. If things have changed, fine. If they have not and you were wrong, you are in a heap of shit and that is truly unfortunate for all of us.

I will add my voice to Epoch's to state that the only reasonable course in this process is to wind up the company rather than spending additional resources trying to fight your bondholders or somehow restructure the deal. All existing and inbound equipment needs to be sold and the proceeds distributed to the bondholders accordingly. Simple is as simple does. Do not try to hold on and fight - move on and lesson learned. Make it clean. Just let go.

I would like to vote for sending HW to bondholders, who want it and then sell everything else. My bonds worth over 1TH by current HW orders have been made. There is no reason to sell just arrived HW. And as i believe, some of BF order should be in LR hand currently, and i mean new order for over 100TH he has told about.
329  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: March 08, 2014, 10:37:05 PM
SO LETS DO SOME CALCULATIONS!!!!

Current hashrate is about 23-24 TH? Some of hashrate isnt even pointed to GHASH.IO.
Also we had about 25 TH hardware of BFL Monarch. That BFL Monarch order will turn in best way 25TH/0.6(Monarch hashrate)*1TH(Imperial Hashrate)+25TH(bonus hashrate on end of queue)= 66,66TH
So overall it makes about 91TH.
Quote
Bitfury equipment should start shipping out by the end of February which will be a minimum of 100TH
So its 191 TH MINIMUM hashrate that is paid from OUR POCKETS. Its the totally MINIMUM!!!

191 TH/58792 Bonds=3.24GH/bond. And u offering??? 300MH per bond?? And say "that is 20 mh increase"?
I have bought bonds for 0.15 BTC, 0.25 BTC and some of lower priced bonds. It makes that price per bond was about 0.15 BTC/Bond.
I own 355 bonds. It makes about 53.25 BTC. So u gonna say that u have sold to me 106 GHash for 23850€(current btc price)?

If u going to give everyone 300 MH per current bond, its make only 17.6GH.  What about 6 GH that is mining somewhere? What about BFL Monarch order? Is is over 200k$ invest, its our money, what u going to do with them? Keep??
BF order that is made already as i understand. Atleast 100TH. It should cost to u atleast 400k$. U going to keep them too?

*
Added:
Also as i remember u have invested LRM OUR money to coinseed?
330  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: March 04, 2014, 10:22:55 AM
Here is the transaction IDs for the HashFast payment:
88704e47ea9efb730fbfd456f43f856fdd0dc063f0a132bd27fc99c49f4fec32
b2889b6e0dea50082e3dd1783dca8fdcbd83957755c612332dc55c8da7c7443b

//DeaDTerra
Thx

Seems a bit deceptive to use a rate of $20/gh. Considering bitmain is shipping devices now for $4/gh.

And how many units are hashing now? The statement says feb 3 so it has been a month now.

Another thing, why is icedrill trading btc on bitstamp? I thought this was a mining operation, not a gambling on bitcoin exchanges fund.
Current total hashrate is 55.08 TH by https://www.icedrill.io/minestate

Can u set MineState page to show also total hashrate?
331  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: March 04, 2014, 07:52:03 AM
The problem is that if i would take all money i have invested in LRM and keep them,
i would buy now 5.3 TH hardware and make money back in about 120-150 days.
But in LRM i dont even know WHEN my share will worth more than 1 GH per share.
Currently its like "There is your dividends, be quiet idiot".

I WANT TO KNOW WEEKLY:
1) Mined coins
2) Div per share
and:
  • A list of known hardware items that are on the horizon for LRM and projected timing,
  • A list of special projects that might affect hash rate and their projected timing,
  • A tally of total BTC/share paid back in dividends, and
  • Total ongoing bond count?
+ AltCoins balance


LabRatMining with 0 communication and no respect was my baddest invest. *


*Also invested about 0,13 btc in IceDrill that is also totally bullshit. But in LRM invested amount is much bigger.


Added:
Quote
JAN/FEB (50+TH estimated): The Monarchs should be coming in sometime in January or February in the range of 25TH which will double LRMs hashrate!!!

FEB/MAR (150-250TH estimated): Bitfury equipment should start shipping out by the end of February which will be a minimum of 100TH, but with the sale of more bonds it could very easily push past 200TH in addition to the 50TH in hand already. There are some coins laying around that I'm looking to put into this deal, so the bitcoin price rising would help us out a little bit as well.
No any news on Monarchs. Ok. BFL is the garbage and all BFL workers are piece of shit. Josh is bullshit master and total asshole. So i think we can forget Monarchs for 2 months about. As i understand there is about 25 TH of BFL gear coming.

Why he is doing work with BitFury? If BitFury cannot deliver any of Hardware in what, about 2 months?Huh  Or even 3??? Have LRM paid hardware? Will LRM have somekind of compensation??? How much LRM pay for HW? When it will be delivered?? U didnt got any HW from 12/21/2013?Huh  

Maybe its time to change ur business partner?

What is the situation with coinseed? Can we get hardware from them?

Last week we mined about 28 BTC. 7 gone to pay electricity and other shit and also to reinvestment. Could u tell us, how much do u keep monthly to pay bills, how much u take to urself and how much do u REALLY REINVEST?


Last hardware update was: 12/21/2013
FEB is ended. MAR started. 0 update.
On 12/21/2013 Bitcoin price was around 600-700 $
from 1/4/2014 until 1/31/2014 it was 900-1000$, will that help to get more than 100 TH from bitfury?

Is payment for bitfury gear even done?

So as u see: We have many questions and many concerns about future that must be answered.
332  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: March 03, 2014, 07:26:56 PM
It seems odd to me that the note on the cash flow statement for payment on the Sierras says:

"As per sales contract"

Cash flow is always done from actual payments.  Why did the accountant need to refer to the contract rather than either Bitcoin transactions or dollar payment receipts?  


Because of BTC/USD has gone up from moment of IPO

In which case you show the ACTUAL BTC paid and the exchange rate at the time.

As was done with the Cointerra investment, where a Bitpay invoice was used.

Was the Hashfast contract actually paid, or is there still outstanding amounts?  As you note BTC/USD has changed a lot since the IPO.  If BTC were held, they represent a significant gain for INVESTORS, not for a back room deal where Icedrill backdates a sale to themselves.
I know, in my answer was littlebit of sarcasm and joke.
If bitcoin price would be lower at payment moment it would be bitpay invoice, but now its only "Transaction to HashFast".

About 20 000 btc transaction to hashfast, is there transaction id?

I would like to see receipt with amount of sierra units and price in bitcoin.<- Is it possible, DeadTerra?

The bitcoin transactions for the units have been posted here before they amount to 20 000 BTC which was locked at 100 USD per BTC, giving us 2 mill USD for the 235 Thash worth of equipment.
The full trail and math will be in the audit so you can look at them yourself Smiley
We also have the receipts from HF if you don't believe me.
//DeaDTerra
333  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: March 03, 2014, 10:06:09 AM
It seems odd to me that the note on the cash flow statement for payment on the Sierras says:

"As per sales contract"

Cash flow is always done from actual payments.  Why did the accountant need to refer to the contract rather than either Bitcoin transactions or dollar payment receipts?  


Because of BTC/USD has gone up from moment of IPO
334  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: March 02, 2014, 12:27:24 PM
We've collected 24400 BTC from public share sales in total.
Document says:
Public shares: 19 237 745
Private shares: 2 803 262
23 023.68 BTC Raised from IPO.

By my calculations there is missing 1376.32 btc from public shares sales.
Hi!
Here are the updated numbers.
The reason why the other one showed some weird numbers is because it had some faulty assumptions based on old data which I had missed.
This one has been triple checked and is updated for the current numbers.
The table starts at the current raised amount of 23910 BTC and the current amount of sold public shares.
It then increases by 5000 BTC/3.125 Mill public shares.
The reason why we are currently not at 18 mill planned but instead at 18.5 is due to that we had an one batch of public shares open for sale at the same time as we closed a private deal.
The public to private shares scales up due the minimum requirement of 10 Mhash per share, to honor this the amount of private shares scales down at lower levels.
We also reduced batch three from 7 million to 6.25 million shares, this is due to the BTC price increase, we need less amount of Bitcoins for the budget for the data center.

We also added the % of private shares compared to the total amount of shares, we also included the mhash per share (with the investor protection clause).
Hopefully this will give you a better picture of how the distribution of shares will look once the IPO is complete.

//DeaDTerra

Still missing about 900 BTC from PDF.
Hi guys!
We have now cancelled the last batch and we can hence start finalizing the numbers surrounding the mine.



Each IceDrill share is currently worth 10 mhash at startup (public+private), calculating in the public investor protection clause each public share reaches 12.72 mhash (only public). One share is equal to (1/23,529,411) of the profit this is  roughly 4.25/10^6 % of the farms profit per share. One share will generate 9,54 Mhash in dividend at the farms start and 3.18 mhash of reinvestments, to bring each share to a total of 12.72 Mhash.
Please note that all these numbers are made with assumptions we have been given by HashFast, these should be taken as estimates and not exact number.

18,500,452 shares are public and will receive 75% (the other 25% will be kept for further reinvestment) of the farms profit until 0.0015 BTC has been paid to each share. Each share will at this stage receive 1/18,500,452 *0.75 of the farms profit and 25% will be reinvested.

We’ve decided to lower the investor protection clause from 0.0016 BTC payback to 0.0015 BTC payback as no share has ever been sold (from anyone) for higher than 0.0015 BTC. This is a 6.25% decrease. We believe this remains within the spirit of the clause: to provide 100% principal investment ROI in dividends, before private shares attain value upon entering the market.

When each public share has been paid 0.0015 BTC, the public protection clause naturally expires and the private shares will start receiving dividend (The private shares will become public shares). Once this stage is initiated the private shares will be converted into public shares and start receiving dividends accordingly. An announcement will be made when this happens. The owners of these private shares may then do as they wish with them, sell them, keep them etc. At this stage each share will be worth 1/23,529,411 of the farms profit (75% in dividend and 25% reinvested), for the exact way the farms profit is calculated please look back into the main information sheet.
//DeaDTerra

23910btc/18500452shares= 0.0012924008559358/Share (sounds very realistic)
0.0012924008559358*(19 237 745(public shares in doc)+2 803 262(private shares in doc))=28485.81 BTC

OR lets just take this 0.0012 price for public share: 0.0012*19 237 745=23085.294 BTC
It will make 2 308 500$ @BTC/USD100$.
Costs are 398 396$ for everything except sierras. 2 M$ Sierras. So
2 398 396$ are all costs to Feb 3 2014.
2 308 500-2 398 396$ = (89 896$) Our debt to someone. Also some part can be payed from mined coins so debt is only 66 022$ and by this date it must be payed.

6 120 000 shares * 0.0012 = 7344 BTC "GOT" from sold sierras that costs to IceDrill 520 404$. So by this change IceDrill got about 20 "bonus" sierra units and still 145 sierras that will be @ the end will be just 9MH/share

I dont understand what is "Invest in Cointerra", but i think that after this message someone will tell me about it. Didnt found any info of it.
Also because of everything i did not understand how much and WHERE have been invested private investors money and was there any?

Because of my "not-so-good" english i cannot sort out of some things, but my opinion is that in this PDF document some calculations have been made terrible wrong.

335  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: February 27, 2014, 05:01:17 PM
Whut? 235Th divided by 1.2TH nominal = 196 machines, 20,000 BTC / 196 = 102 BTC each, WTF did we pay retail?Huh


The extra super top secret nda deal... Unbelievable.
Exact price is 10204$/ One sierra unit.
One sierra unit was priced 9500$.
So, NDA deal mean that IceDrill is also overpayed 704$ per unit?
http://thegenesisblock.com/cointerra-and-hashfast-sell-17m-of-bitcoin-miners-open-second-batch-sales/
336  Economy / Securities / Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement on: February 14, 2014, 07:07:05 AM
Dividends Update:

Mined: BTC34.04630076
Payout: BTC25.53472557
Per Bond: BTC0.00043432


There were 3 individuals who paid back the overpay amount after their dividends were held.  The amount they were supposed to receive last week was rolled into this to ensure they were paid the proper amount.

Next week the dividends will be paid out on Monday 2/17.

Why dividenвs also went to this adress:
4427   1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq

As i know its just bonds for sell owned by LabRat?
337  Local / Майнеры / Re: BFL ASICs on: December 19, 2013, 01:04:22 AM
Иди нахуй отсюда, так понятно? научись по английски читать сначала.
Да я смотрю у тя культура так и прёт, на то ты и деревня.
Особенно после твоего "научись по английски читать сначала."
Свои сообщения перечитай, даже гугл транслейт может лучше написать


А пробовал кто-нибудь Little Single запитать от того же БП, который питает материнку и видеокарты на компе (к которому устройство подключено)? Нормально так работать будет?
А почему нет, если будет мощности хватать? У мя 1 сингл и 1 литл так запитаны.
338  Local / Майнеры / Re: BFL ASICs on: December 18, 2013, 10:16:03 PM
Епта гений там мои же посты, я про проблему а не про замену термопасты спросил. И там нет термо сенсора, инфа берётся с чипа про температуру.
Епта гений, вот ОП НЕ ОТ ТЕБЯ:
The heatsink was screwed in loosely, and thermal paste was caked; it all looked like the little box had been around the block a few times. Anyone else with thermal cutoff problems? After 8 mos of waiting, it's not like I'm desperate to get this thing running anymore, but it'd be nice to see it hum a few weeks.

Твоё сообщение:
I have the same problem, can somebody help or not?

Тогда давай по списку, если у тебя SAME PROBLEM, то вот твои ПРОБЛЕМ:
1)The heatsink was screwed in loosely   
2)and thermal paste was caked
от тебя:
3)It's not in the radiator. She did not even want to work. Cold to the touch. A shows 100 degrees immediately after switching on.

По первым двум я уже отписался.
3) Не показатель, если совсем всё печально, то и до 100 может доходить довольно быстро, если не моментально, в зависимости от алгоритма теста при загрузке. Также, ты радиатор потрогал, и он холодный? Епта гений. Если радиатор не прилегает к чипу, ты думаешь он по воздуху быстренько получит свои "хзсколько" градусов? Или что ты там трогал?
Quote
И там нет термо сенсора, инфа берётся с чипа про температуру.
Ага. А электричество берётся из розетки. В чипе или нет - не разбирался, но даже если так, то он явно не по звёздам определяет свою температуру.
339  Local / Майнеры / Re: BFL ASICs on: December 18, 2013, 07:12:28 PM
https://forums.butterflylabs.com/jalapeno-single-sc-support/5383-jalapeno-temp-cutoff-error.html

Мож кто шарит как это можно пофиксить?
Ну в теме написано всё что нужно, если тебе нужен переводчик или КО:
1) Разбери и посмотри всё ли хорошо прилегает к чипам, нормальная ли паста, радиатор затянут, переверни вентилятор
2) Отправь на замену
3) Мож кто дружит с паяльником и есть возможность заменить термосенсор(проблема в нём, как пишут)

Мож я какой-то варик пропустил??
340  Local / Майнеры / Re: BFL ASICs on: December 13, 2013, 07:34:25 AM
смотрю у них новый девас появился https://products.butterflylabs.com/homepage/250-gh-s-rack-mount-bitcoin-miner.html , а значит монархи будут позже....
это обычные синглы просто в одной коробке к  монархам не имеют ни какого отношения
Старый продукт, причем по "двойной" цене, тоесть 2500 енотов/60гх, зажрались однако
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