I know we've got a large Monarch order coming, and news from BFL is looking good on that. 'End of December.' Riiiiiiiight....
So my wild guess would be that we wont see any monarch's till mid summer. Prove me wrong. We have been through this in the past, the production blabla is just copy/paste from the Little singles and singles project. I don't see too much difference in those statements.  On the plus side, I'm pretty sure LRM is in the day-1 orders, and should be among the first Monarchs to ship. But yeah, Two Weeks™.... grnbrg. |
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grnbrg, has there been any communication with LabRat?
He's been incommunicado for two weeks...
Yes, I've exchanged a couple of emails with him. Not much to share, other than waiting for hardware. I know we've got a large Monarch order coming, and news from BFL is looking good on that. 'End of December.' Riiiiiiiight.... grnbrg. |
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Transaction: -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
Message:
======
8 bonds to be transferred from 1Daq1v7kRfXHL7MR8K6dJ1mkeCi6HeSsSN to 19kkLXAt4D1NPCB3KsH5pcP2BHNvSGLr54 in exchange for 0.48 BTC. 0.4875 BTC will be escrowed to 1EYVW3ZUu3R8fd3xtWi5jh4ceTXZ7Z1uht and 0.4725 will be paid to 1Daq1v7kRfXHL7MR8K6dJ1mkeCi6HeSsSN
======
Good signature from seller: HC6OvkY9vko9rD9ifzv3ellsPYPI0rBfY5uZlwIe5D1yIyu/EWZc6+yyU5F2P6DZgHfdxntFlfFHi1xsN0Zkyj0=
Good signature from buyer: IFktUX07MaOdgfCnFjO6U0FWFJ932b9q98luFzpsKQFpVe5INsDG0FEBULCtWz/oeRNqHdfk+Cwdxpaoyqig+m4=
Account 1Daq1v7kRfXHL7MR8K6dJ1mkeCi6HeSsSN has gone from 108 to 100 bonds.
Account 19kkLXAt4D1NPCB3KsH5pcP2BHNvSGLr54 has gone from 0 to 8 bonds.
0.4725 BTC paid to 1Daq1v7kRfXHL7MR8K6dJ1mkeCi6HeSsSN via transaction
481fffe2f67aacbd8fd821761b1ec91056bb3a03e306d04c4af3f0c71308c363
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)
Comment: http://www.grnbrg.org/grnbrg_pubkey.asc
iEYEARECAAYFAlMJc/UACgkQQVjU3hFFtmfyIQCfa62RjYD7APp6h+QjCyXfa6+L
FjYAmgJNyMPM30edEGmxvy38awqOmKho
=dK51
-----END PGP SIGNATURE-----
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Transaction: -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
Message:
======
5 bonds to be transferred from 1Daq1v7kRfXHL7MR8K6dJ1mkeCi6HeSsSN to 1EPhD4Ly4otpAMtb352vn1sMTTzcTRDVf2 in exchange for 0.25 BTC. 0.2575 BTC will be escrowed to 1EYVW3ZUu3R8fd3xtWi5jh4ceTXZ7Z1uht and 0.2425 will be paid to 1Daq1v7kRfXHL7MR8K6dJ1mkeCi6HeSsSN
======
Good signature from seller: HDdnuAaoYiUIdPphcLw8tP72KIneLUlkSsNUiqsgu3n918xfkNYVbmbIVxvqlrT4rcnsBYoRLYQ1W332mkKn9RE=
Good signature from buyer: HF+LdxSEaj0Y1vxP80IEHif+iDgYpqPhyl57MKt8WcfFjAXblxYx313o+fvccVrewU7M+eD+mj1C8KfttwkeQ4w=
Account 1Daq1v7kRfXHL7MR8K6dJ1mkeCi6HeSsSN has gone from 113 to 108 bonds.
Account 1EPhD4Ly4otpAMtb352vn1sMTTzcTRDVf2 has gone from 15 to 20 bonds.
0.2425 BTC paid to 1Daq1v7kRfXHL7MR8K6dJ1mkeCi6HeSsSN via transaction
62016f4326181c9662e39e48161b20bae7fcb386e73b2b43c8cc094307bb6851
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)
Comment: http://www.grnbrg.org/grnbrg_pubkey.asc
iEYEARECAAYFAlMGwuoACgkQQVjU3hFFtmff5QCgrRtaXYtDHTifYOYeAdbloBeb
EQ8AnRw5Q5SwlgfAoMTEhobyL68nR21W
=IL3O
-----END PGP SIGNATURE-----
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So for giggles, I just mined ~$2.6 million worth of BTC.... On Testnet.
Leave me my illusions... :sigh:
grnbrg.
Edit: Bumped it up to over $8 million. I can Test-retire to the Test-Bahamas now.
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Did we get 7 days or 9?
Divs were paid for Saturday the 8th through Monday the 17th. So 9 days. That means that this coming Saturday's dividends are going to suck in comparison. grnbrg. Unless..... we get moar Gear! Moar - MOAR I SAY...... please. I have so directed Lab_Rat. Now we just have to wait to see if he does what he's told! grnbrg |
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Did we get 7 days or 9?
Divs were paid for Saturday the 8th through Monday the 17th. So 9 days. That means that this coming Saturday's dividends are going to suck in comparison. grnbrg. |
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So when we getting divs today?
 Make it so. |
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Just a reminder that dividends for this week will be paid on Monday.
Not today.
grnbrg.
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Fortunately, I was able to recover my wallet, everything is under control now! Thanks
Thanks for reminding me to make backups of my wallets Allow me to plug my favourite wallet -- Electrum- Multiplatform - It's written in Python, and runs on Windows, Mac, Linux and probably other OSs.
- Lightweight - It does not need a copy of the blockchain. It connects to a network of (open source) servers that provide the heavy lifting. If you don't feel like trusting them, you can download the server yourself, and run it and a bitcoind as a private node.
- Deterministic - When you create a new wallet, you are presented with a 12 word "wallet seed", which encodes a 128 bit random number. This random number is what all future private keys will be derived from. This means that all you need to back up is this small wallet seed. A wallet with thousands of addresses, created over many months can be completely restored from that one seed.
- Offline cold wallet support - Support for offline transactions is baked in. You can create a "watch only" wallet that is only capable of creating receiving keys. This wallet, run on a networked computer, can create unsigned transactions, which are transferred (via QR code or USB stick) to the offline computer, which imports the transaction, (QR code via webcam, or USB stick) signs it and lets you send it back to the online wallet for broadcast.
- Frequent updates - The author has been releasing new versions every 2-4 weeks for the several months I've been using it.
- Plus the usual standard features - Message signing/verification, multiple output transactions, key import/export, etc.
grnbrg. |
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Can I ask LabRat or whoever is processing dividents to suspend my payouts temporarily? My PC exploded tonight and one of hard drives is inaccessible. So address 1BTC4meNquS83UCEG9TRzT2ai3rGzSprho is not under my control anymore. Will try to repair it...
I'll pass this on and see if I can make it happen. What are the odds you've lost the private key entirely? grnbrg. |
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Why dividenвs also went to this adress:
4427 1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq
As i know its just bonds for sell owned by LabRat?
Ummmm, because it's not bonds owned by Lab_Rat? grnbrg. |
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Next week the dividends will be paid out on Monday 2/17.
Is this a permanent date change or temporary? Temporary. Lab_Rat will be AFK all weekend. As not doing divs personally has been.... problematic... in the past. grnbrg. |
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Divs are coming. Within an hour or so.
grnbrg.
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FUD happens here, whenever there's a gap in communication with LR. I always take it that LR is working his ass off for his baby: LRM.
We'll hear from him soon, I'm sure.
Healthy discussion happens here, whenever there's a gap in communication with LR. I always take it that LR is working his ass off for his baby: CoinSeed.
We'll hear from him soon, I'm sure. When he is finished at his other job with CoinSeed.
FYP Given that Lab_Rat hasn't really changed his posting habits (for good or bad) since LRM started, I think M31 had it right the first time. grnbrg. |
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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? I do watch this thread pretty closely, even if I don't respond too much. And I don't respond much, because a lot of the discussion is opinion based, and I'm somewhat reluctant to share my opinions on some things as there is a risk of it being perceived as LRM opinion. And most of the factual questions I simply don't have answers to. I do try to keep Lab_Rat informed on the discussions here, though and do get the impression he is extremely busy trying to make LRM (and therefore all of us) a success. In my year and a half or so of active involvement in watching Bitcoin startups come and go, though, I have noticed two things: 1) Most companies end up (probably through experience) giving out less and less information over time because 2) whenever there is a setback or other "bad" news, they end up being beaten up with it. It gets frustrating to deal with. That said, what do I think... The Fiat Break Even vs BTC Break Even debate: (First off: <RANT TYPE="grammar">Everyone is using ROI wrong. You are looking for a break even point, or at very least a positive ROI. But "I haven't made ROI yet!" doesn't make sense. </RANT>) Yes, looking at the investment in terms of fiat doesn't really make sense. Yes, if I liquidated my bonds at market rate, and sold those Bitcoins, plus my dividend Bitcoins, I'd be ahead in terms of fiat. That makes me sort of happy. But if I'd just bought coins, I'd have considerably more. But the first rule of investing in stuff like this is "No more than you can afford to lose.", so you have no one other than yourself to blame for that choice. In terms of BTC break even, each bond sold has so far been paid out 0.02-0.022 BTC (give or take, on average) in dividends, which is 10-15%, depending on how much was paid for them (0.15-0.2 BTC). This is over the last 7 months or so, with the first couple giving no divs at all. 10-20% return per year to me seems to be a very well producing investment. If I could pick stocks that performed that well in the real world, I'd be rich. I don't (and never really did) expect my investment in LRM to break even within a year or two. And as far as CumpsD's list above... The first two, I don't know the answer to. Lab_Rat is involved with Coinseed, deeply enough that he was mentioned by name in their press release. It's also the sort of detail we probably won't be given. Yes, power and facilities costs are paid out of the 25% management fees. Two data centres -- I can't answer that one, but if Lab_Rat has been busy with the LRM operation, you can expect him to be be busier with this extra stuff. I'm not sure, but I think that the Coinseed and ASIC projects are separate. Yes, Lab_Rat announced that a new ~156TH of equipment had been ordered (For LRM exclusive use) in conjunction with Coinseed. And yes, LRM is being grown based in part out of the management fee and future bond sales. One other thing: Some one said that "Lab_Rat hasn't drawn a salary from LRM.". What he actually said was "I also haven't even taken a paycheck this year yet.", which isn't quite the same. grnbrg. |
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Considering ASICs can't mine scrypt...
Not anymore... See Gridchip thread, Asic chip hashing at 70kh/s  Fine. Bitcoin ASICs can't mine scrypt. grnbrg. |
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.... Second, let us know if you do decide to sell old BFL gear. I'd be interested, if the price is reasonable. (i.e. There would have to be a reasonable chance that I could make back the cost) Although if you're getting power as cheap as you say, it might make more sense for you to keep them.
My 2 satoshis is that we first sell old gear in the open market for the highest possible value in order to recapitalize it to new gear at LRM's advantaged rates. No sense passing along old gear to bondholders at discounts to market rates if we can convert that gear into hashrate for the benefit of all. Personal, not LRM opinion: It might depend on the volume of hardware, and the number of items in each purchase. Packaging and shipping old hardware in ones and twos will take up a lot of time and energy. What might make most sense is "Hey, LRM people! Free, old mining hardware. Pickup only, from my garage, which is nowhere near the DC! Hey, Kijiji people! Old mining hardware, $50 each. Pickup only, from my garage!" grnbrg. |
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