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Hashrate is increasing faster than Difficulty is increasing so we should keep seeing increased dividends payouts from the weeks prior unless a huge wave of people come and start buying up shares diluting them (We can only hope since that means more money for Lab Rat to buy Hashrate with!)
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I feel like we've had a lack of communication this week. Especially seeing as how if Bit Fury is shipping, we should be seeing some decent increases in hashrate, between hardware purchases and contracted hardware. While it's nice to see pictures and all, it would be nicer if the level of communication increased, if only on the "Such and such added to the hashrate today." If you want to keep selling shares, Lab Rat, you need to keep up the communication of hashrate increses. Hell, just updating your site with the latest numbers would do it. I think the rest of LRM shareholders would disseminate information pretty quickly from there. Maybe let grnbrg handle to communication end since he seems to be "in the know"?
I think with the dividends that should come out today, they will speak for themselves. I'm so excited! But we really do need to get that "Current Hashrate" updated or linked to the actual hashrate somehow. It would be rather annoying to have to keep updating this manually, hopefully this is done soon. Then all we need to know is that "More hardware came in" and we could just check the Current Hashrate to see what we're blazing at! |
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Lab Rat Mining bond price. Based on various info, deductions and price to dividend ratios...
Current week's average ~0.22btc
Speculation: ~December 1, 2013. Range, Low ~1.1btc, High ~1.76btc
Disclaimer: Even though I feel the numbers were fairly treated... this could, obviously, be very wrong.
Nice disclaimer, but why are you bothering with such ridiculous speculations? Your 'speculations' stretch credulity beyond reason. If one 'bond' ends up representing 600MH (or is that 400MH ... so many numbers floating around here these days), that would mean that people would have to believe 600GH will be worth ~$143,000 (1.1btc/share, $130/btc, 1000 shares) to $228,800 (1.76btc/share). Is that really what you think based on your "various info, deductions and price to dividend ratios"? Um, newsflash, but anyone can buy 600GH worth of October BitFury hardware for $12,000 right now. So if one can buy 600GH worth of hardware for $12,000, why would anyone buy a bond that is 15x-20x more expensive even at 600MH/bond (which it isn't even going to reach any time soon)? The answer is: they wouldn't. Even at the current 0.22btc/share, LRM is already approaching 'overpriced' territory. Again, assuming 600MH/bond, 0.22btc/bond equates to $28,600 for 600GH ... more than 2x more expensive than the equivalent in BitFury hardware. And it can be argued that BitFury hardware is already overpriced compared to its competition. I think you need a reality check. 0.22/share is already at the high end even assuming it had the full 600MH/share right now (which it won't for months) ... the continual rise in difficulty will continue to put downwards pressure on the value of these bonds. You seem to have a vested interest in seeing these bonds go higher (pump and dump?), but I think we would all appreciate it if you play your games elsewhere and stop spreading FUD. People here trying to make informed decisions about buying, selling, and holding LRM bonds deserve better. While I agree that 1BTC/Bond is a stretch, you can't compare Pre-ordering hardware to a PMB. The whole point of these PMBs is that you are buying them, getting PAID, and then hopefully selling them at the same price or more than you bought them. You can't buy a machine, mine with it for X months, sell it back at the value you purchased it at or more. That's the main difference, the price will price itself out based on dividends being paid and the risk of no one coming after you to rebuy that same bond for what you paid for it. Anyone purchasing at 0.22BTC obviously thinks that someone in the future will buy it for at least that. |
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LRM needs to start delivering 100 Mh/S per bond as advertised in the IPO as soon as possible, we have had progress but we need to meet the advertised minimum hashrate per bond target soon
I don't think it has been ~8+ weeks yet. Are we in the 5th week or something now? I think we'll see the guarantied 100 MH/s in the next few weeks. Then hopefully the 600 MH/s a month or so after. Can you confirm this Labrat? Well how much hashrate does he need for 100MH/Bond at current bonds sold? 4.2TH? The Bulk of his order from Dave (Bitfury) well be coming near the end of this month I believe and he's going to continue acquiring hashrate from other sources till then. If I remember correctly he has something like 30+ TH on order so 4.2 Shouldn't be that hard to obtain. |
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Just a quick query on the hash rate per bond listed on the website: You list 34.27MH/s/bond, but using the numbers 1.3TH/s, 41,414 bonds and 75% payout that only gives 23.55MH/s by my calculations. Which one of these needs changing? Also, even taking the value of 23.55MH/s/bond and multiplying by the number of bonds I'm holding, and accounting for the 5 BTC held back for recouping the dividend mistake, I still seem to be coming up considerably short. Any idea why that might be? He stated that the 1.3TH was only mining for around 1 Day of last week because of the 120 Confirmations per block, they also had some bad luck involved as well. The calculations add up. Now that we have a full week of that 1.3TH at the same difficulty we'll see a decent payout this coming week. At the same time he just announced we would be at ~2TH by the end of this week/beginning of next week. |
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To avoid a large cut in this weeks dividends, I've decided to spread out the recovering of last weeks double payout over a couple weeks.
Dividends were just paid: 41,414 @ ฿0.00066604 for a total of ฿27.58338056.
Great! Can we get how much was taken out and how much is left? |
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Less than 400 Shares left at the .225 Price.
More money to purchase additional hashrate!
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Ah, I see, so are we currently hashing at 695 GH or is that the total ordered?
That is currently. Estimated total is ~30TH/s Thanks for the clarification So basiclly, 1 bond is now worth 695 GH * 1024 (to get to MH) / number of shares issued = ~18MH/s per bond Would be a nice extra statistic on the site  All Calculations are in thousands 695GH * 1000 (To get MH) There are currently around 37,500 Shares Issued (There's like 2000 that were put out for purchase not sure if they were eaten up yet) That's roughly ~18.5MH/Bond correct  |
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How should one go about dealing with this value? Is one share = 1 bond = 600 MH/s? And if it is, what does it mean? If I enter 600 MH/s into this calculator: http://www.bitcoinx.com/profit/ I get 0.0046 BTC per 24h at current difficulty, which is 0,0322 per 7 days If 25% goes to LabRatMining for expansions, 0,02415 remains (75% of 0.0322) However, dividends are always in the order of 0.000x per share Or is one share = 1/100th of a bond? (This is not criticism, or whining, just a genuine question into understanding what a share means) What this represents is that if he had all of the HashPower he has ordered mining at this very moment, you would be getting 600MH per bond. |
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Spec: 10GHhash/s guaranteed.
Rated speed 10.752GHash/s.
Maximum speed of 12.829GHash/s with overclocking and proper cooling.
Price: 1-19 - Not shipping, please contact our resellers.
20-99 - 3.9BTC each (0.363BTC/G, 0.304BTC/G overclocked).
100+ - 3.5BTC each (0.326BTC/G, 0.273BTC/G overclocked).
For returning customers from former auctions, you can enjoy the price of 3.5BTC each."
Lab_Rat, this seems like a really good deal to get them at 3.5BTC/each and increase LRM's HashRate Exponentially while waiting on Bitfury and everyone else you have ordered from. What are your thoughts? What is the lead-time on these? Do they ship ~same day you order? Based on past experiences, when FriedCat sells Miners they usually ship right away and arrive asap. That's what makes his business model so popular. |
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Spec: 10GHhash/s guaranteed.
Rated speed 10.752GHash/s.
Maximum speed of 12.829GHash/s with overclocking and proper cooling.
Price: 1-19 - Not shipping, please contact our resellers.
20-99 - 3.9BTC each (0.363BTC/G, 0.304BTC/G overclocked).
100+ - 3.5BTC each (0.326BTC/G, 0.273BTC/G overclocked).
For returning customers from former auctions, you can enjoy the price of 3.5BTC each."
Lab_Rat, this seems like a really good deal to get them at 3.5BTC/each and increase LRM's HashRate Exponentially while waiting on Bitfury and everyone else you have ordered from. What are your thoughts? |
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I really wouldn't hold your breath on the Monarchs, that is going to be the greatest in a long line of cluster-fucks, mark my words...
And FWIW, "bullet runs" are not a thing - Google it. It's just them hoping that their first R&D run is actually usable and can be sold instead of being used for development... Worth recalling how that worked out for them last time.
EDIT: OK, maybe not the greatest, it would be hard to beat the current, on-going one, but certainly the latest. Basically anyone who thinks it'll be plain sailing is going to be disappointed. Though having said that, they have at least now qualified that delivery for the majority of orders won't be this year, which wasn't what it said in the initial announcement, so perhaps disappointment will be a little less...
Actually these Fabs do have bullet runs where you pay extra $$$ to get bumped up in line but only for a few wafers. That being said, you know what the saying is. Walks like a Duck, Quacks like a Duck". BFL will do what BFL is good at. ROI for the first few customers and huge delays and sadness for the rest. Lab_Rat Mining is a long play - those that are short sighted are going to lose out on a good buying opportunity this week. I think he has proven himself with the launch and scaling up in the last few weeks. We could certainly be in for a nice surprise on hashing increases in this week and the next.
I'd actually be rather surprised if each week wasn't a pleasant surprise of increased hashrate until the brunt of the Bitfury Deliver comes. Dave is supposed to be mining for LRM for at least 2 weeks with 400GH + 100GH for ever 3900 Shares sold (not sure til when) but there are 35,000 shares sold so we can probably expect Dave to mine with 1TH or so just for LRM, hopefully soon It was 400GH + 100GH for every 3900 sold after the point of that announcement. I believe we hit 500GH and may be at 600GH. I'll have to look, I know it's close. Oh ok, less than I thought but good nonetheless! |
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Lab_Rat Mining is a long play - those that are short sighted are going to lose out on a good buying opportunity this week. I think he has proven himself with the launch and scaling up in the last few weeks. We could certainly be in for a nice surprise on hashing increases in this week and the next.
I'd actually be rather surprised if each week wasn't a pleasant surprise of increased hashrate until the brunt of the Bitfury Deliver comes. Dave is supposed to be mining for LRM for at least 2 weeks with 400GH + 100GH for ever 3900 Shares sold (not sure til when) but there are 35,000 shares sold so we can probably expect Dave to mine with 1TH or so just for LRM, hopefully soon |
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Unfortunately this is an amount that will could effect the company in the short run and has resulted in my making the hard decision to cut half of the "extra" dividends paid out from this coming weeks dividends and I will be eating the other half. Consider it a bonus from me personally. I apologize to those purchasing bonds this week as they will see a slight pay-cut, but I hope to make up for this by increasing the hashrate significantly either this week or next. I hope everyone enjoyed the free BTC caused by a little error on BitFunder, but don't expect that to happen again Just for everyone reading this, This will likely lower the share price but only for this week. Hold on to those shares while this gets fixed. It should be pretty minor, I think the 50/50 split is commendable. Ya it's not really a big deal, but people here seemed to be spooked easily. |
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Unfortunately this is an amount that will could effect the company in the short run and has resulted in my making the hard decision to cut half of the "extra" dividends paid out from this coming weeks dividends and I will be eating the other half. Consider it a bonus from me personally. I apologize to those purchasing bonds this week as they will see a slight pay-cut, but I hope to make up for this by increasing the hashrate significantly either this week or next. I hope everyone enjoyed the free BTC caused by a little error on BitFunder, but don't expect that to happen again Just for everyone reading this, This will likely lower the share price but only for this week. Hold on to those shares while this gets fixed. |
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It seems to me that this pricing structure will only prevent the price from going up (it has already gone way down from the 0.23 BTC we had yesterday).
It just looks like somebody was looking to pump and dump from the beginning...
The "Estimated Value" is hardly what the going price is usually. The going price is what you can sell 100 or so shares at. Whoever is selling shares in those groups is actually giving people a chance to get cheap shares. I'd estimate that LRM shares will easily go up to 0.50 BTC once they hit 10-15TH or so. |
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Double Dividends?  |
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LRM up to 0.2...
Interested to see what the dividend payout will be.
It's not going to be huge, but it should be quite a bit better than last week, see above, e.g. https://bitcointalk.org/index.php?topic=251423.msg2992405#msg2992405Also, it may be a day or so late this week, as stated before by LR as he is away at the moment, so don't panic if it doesn't come through today... Yep I saw your earlier post. A 500% increase is pretty hefty I think! Err, guys, whilst I'm 100% positive about LRM, I want to manage expectations a little here. Yes, it's a 500% increase, but from 0.7% of the hashrate that LRM needs to fulfil the 350MH/bond, to 4.2%, so if we're talking about percentage increases, we need to see another 2,000% increase (yes, compounded on the last 500% increase) before we're looking at 350MH/s/bond. Everything is coming along well, but don't be thinking that the share price should be mirroring the increase in hashrate - that would be insane as the hashrate was 0 at the IPO. I'm not being negative at all here, I just don't want to see people losing their minds, buying like crazy, then realising what they've done and a) losing lots of money and b) crashing the share price... That said, I have shares to sell, so knock yourselves out I agree with you, but there is a basic saying here "The early bird gets the worm". I believe anyone buying shares now sees the potential that Lab Rat Mining has with their various contacts/relationships with different ASIC Manufacturers. He's able to get a VERY good price and pass it on to us (It's basically like us buying a machine with extra costs/work involved) Because of his bulk purchases he's in the wholesale line for these manufactures which is different from the retail line. You buy shares based on potential, not what they are currently doing. You look at what they are currently doing to gauge the likelihood of their potential. I believe we will see very happy shareholders this coming month |
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LRM up to 0.2...
Interested to see what the dividend payout will be.
It's not going to be huge, but it should be quite a bit better than last week, see above, e.g. https://bitcointalk.org/index.php?topic=251423.msg2992405#msg2992405Also, it may be a day or so late this week, as stated before by LR as he is away at the moment, so don't panic if it doesn't come through today... I'm about to panic buy! |
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