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[zulover]

I suggest that i dont know what is he doing at all in any lvl, i dont know what he has, what's coming, what's he producing, what's he getting, what's being paid, what we should expect and i know what we put in and what we got out.

He offered a 360mh/bond with $90 BTC, we're at $600 btc with 80mh/bond, do your math.

Actually starting Dec 9. Our bonds will be worth at least 20,000,000MH/55561 (Bonds) = 359.96MH/Bond

sounds great but how?

[1715305053]

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[countduckula]

We'll see that by Dec, 9.

Still, $90 price estimation, same return with $600 price BTC? and after he kept 200+ BTC from his 25%?... 6x the price, all the 25% and not a single TH extra?

Information... the documentation with the hashrate, yield, difficulty hasnt been updated in 50 days and its actually only accessible up to Aug, 31. Inform the people who lent you the money to start, regardless of how stupid we were back then.

[fractal02]

The only hardware that we know is coming would be the Monarchs at this point in time.

I apologize if this isn't the answer you want, but it is the answer to at least two of your questions.

NEWS REGARDING OTHER MANUFACTURERS
---------------------------------------------------------------------------

If people want my opinion on which 28nm company will deliver on time (or even at all) it will likely be CoinTerra, which is why I'm interested in remaining in contact with them.

-Lab_Rat

I suspect LabRat having some position in Cointerra to 

[Bargraphics]

We'll see that by Dec, 9.

Still, $90 price estimation, same return with $600 price BTC? and after he kept 200+ BTC from his 25%?... 6x the price, all the 25% and not a single TH extra?

Information... the documentation with the hashrate, yield, difficulty hasnt been updated in 50 days and its actually only accessible up to Aug, 31. Inform the people who lent you the money to start, regardless of how stupid we were back then.

This is BTC based, hashrate isn't instantly purchased...... when this hashrate had to be paid for, BTC was only around $130 probably. Are you new to mining equipment purchasing?

That 25% was used towards costs, some reinvestment probably, and himself.

You still failed to read again, some of that money went towards monarchs which are estimated to ship mid December I believe was the last from BFL.

[Flashman]

Actually starting Dec 9. Our bonds will be worth at least 20,000,000MH/55561 (Bonds) = 359.96MH/Bond

Woohoo, I'm doing good then, a used 5830 would have been at least 0.5btc when I bought in, and AM BE USBs were probably still a whole coin. 

[bittymitty]

Actually starting Dec 9. Our bonds will be worth at least 20,000,000MH/55561 (Bonds) = 359.96MH/Bond

Woohoo, I'm doing good then, a used 5830 would have been at least 0.5btc when I bought in, and AM BE USBs were probably still a whole coin. 

Shouldn't that be 5,000,000M/h in hand plus  at least 30,000,000 M/h of new equipment as below.

(But in real news.  LRM has about 12-13TH up, another 17TH going up by end of day Tuesday and I believe only one more shipment (maybe 2) from Dave of an unknown size before the 14 day period officially begins)

that would be 35,000,000 M/h / 55561 = 629 M/h per bond.

please correct me if I am wrong.

[countduckula]

How we can correct you? without information =/

Lets hope its 35

[Bargraphics]

Actually starting Dec 9. Our bonds will be worth at least 20,000,000MH/55561 (Bonds) = 359.96MH/Bond

Woohoo, I'm doing good then, a used 5830 would have been at least 0.5btc when I bought in, and AM BE USBs were probably still a whole coin. 

Shouldn't that be 5,000,000M/h in hand plus  at least 30,000,000 M/h of new equipment as below.

(But in real news.  LRM has about 12-13TH up, another 17TH going up by end of day Tuesday and I believe only one more shipment (maybe 2) from Dave of an unknown size before the 14 day period officially begins)

that would be 35,000,000 M/h / 55561 = 629 M/h per bond.

please correct me if I am wrong.

:facepalm:  Don't people bother to even try to look for answers before asking questions?

From 4 posts back:

(Hardware) will start rolling in next week and what it accumulates between time of arrival and 14 days after it is all received will 100% go into additional hardware.  

100%^* of the Bitcoin earned by the new hardware, between the date it arrived and was plugged in, and December 9th will go to purchase of new hardware.  The next 3 dividend payments will be taken from the original ~5TH/s that has been running since early October.  The new hardware is an additional 15-20TH/s.

^* Based on the proposition posted at LabRatMining.com, it may be 100%, less a few percent for electrical costs and rent.



grnbrg.

So between 20-25TH it looks like based on grnbrgs post.

[bittymitty]

Hey everyone, I've decided to suck it up and deal with the fact that there are going to be more bondholders coming in saying they want their bonds.  Just because someone wasn't paying attention doesn't mean I should remove their bonds out from under them, but what I will do from this week forward is forfeit their rolled over dividends to the Verified bondholders.

This means that if you have not verified your ownership of bonds by 11/16.  I'm not managing your accrued dividends for free and I will give them to the people who have gone ahead and verified.  I will be keeping the list for the next 6 months at which point your bonds will be dissolved if legally acceptable.

This week we got slammed with a huge difficulty jump, but I see that the difficulty will either stay the same or go down if there isn't too much more hashrate added in the next 10 days or so.

<tinfoil_hat>

I bet ASICMiner has been mining for themselves in the Philippines and that Typhoon wiped them out dropping the network hashrate...

</tinfoil_hat>

But in real news.  LRM has about 12-13TH up, another 17TH going up by end of day Tuesday and I believe only one more shipment (maybe 2) from Dave of an unknown size before the 14 day period officially begins.  This shipment is all but guaranteed to be this coming week.

I'm excited to see how much HW this period brings in as the prices will be significantly lower on this next batch of HW.

My goal is to have 100+TH up by the end of the year, but I'm thinking Feb is a more likely estimate.

Back to verifying the last few trades and verification emails before sending out divs for the week (and I know the quantity is low this week) but were about to see a jump to ~1% of the network.

I'm thinking of throwing in a few of my coins this week to make the Divs hurt a little less this week, I'll let you know how the numbers look power-wise to see if I can afford it. (Don't want to operate in the red)

EDIT:

To clarify, ~5.25TH that existed before the BF gear coming in is mining for LRM while all new hardware is mining toward new hardware until 14 days after it's all in from Dave.

This is from the horses mouth ( no offence labrat)

[bittymitty]

As the official 14 day period is starting from Monday I would expect labrat to be able to tell his shareholders exactly what hashrate is in hand.  This is not an unreasonable requirement and will answer the question everyone is asking...

[sparky999]

Really does seem as though $1mill should have bought a lot more hash power than 25 Th.

[Bargraphics]

Really does seem as though $1mill should have bought a lot more hash power than 25 Th.

.....As has been said multiple times in the posts today it did infact buy more than that.

Some of that money went into Monarchs.

Some of that money went into initial buildout/costs for hosting I'm sure.

[bittymitty]

Really does seem as though $1mill should have bought a lot more hash power than 25 Th.

.....As has been said multiple times in the posts today it did infact buy more than that.

Some of that money went into Monarchs.

Some of that money went into initial buildout/costs for hosting I'm sure.

lab_rat didn't spend all the BTC after the IPO and kept some back to build out the two hosting environments and for future mining purchases.  However as no accounting information is public we are left to speculate.  We still don't even know how many monarch are on order but it was something like 60,000 usd worth at the time if I remember correctly.

[fractal02]

LabRat need to calm people...

[Frankthechicken]

I'm not terribly bothered by the slow trickle of information.  I'm patient and can only imagine what kind of hours Lab_Rat must be keeping these days.  Maybe grnbrg could drive the 12 hours or whatever to help out ;-)  As things get rolling, hopefully the LRM production will be sufficient for Lab_Rat to shed his day job shackles and concentrate on just LRM.  The one thing I would love to know is if the whole wad was invested immediately or if perhaps by chance there is still a giant pile of btc that has appreciated 600% since the IPO that he can now go nuts spending on additional hardware.  That would be wild.  Either way, then the coming 14 day mining period will result in some really nice hardware additions.

Anyway, since there is a mob forming here, thought I'd link my favorite mob scene...

http://www.youtube.com/watch?v=rLJFgJ1GXsM

[Flashman]

Some of that money went into Monarchs.

Bought them bitch' some Monarchs, bitches love Monarchs.

[||bit]

Found him!

[Ashitank]

Really does seem as though $1mill should have bought a lot more hash power than 25 Th.

.....As has been said multiple times in the posts today it did infact buy more than that.

Some of that money went into Monarchs.

Some of that money went into initial buildout/costs for hosting I'm sure.

Monarch is bad investment of money against increasing difficulty , under mining KNC has not turned out good for us 100%.

Worst bit is we have manufacturers ie. hashfast , VMC , BFL , Cointera , KNC ...... & list goes on  , who will deliver new products shortly which @ current growth rate of LRM will mean further hurt on our dividends , I hope Lab_rat does have some solid plan to overcome all this.

[Flashman]

Monarch is bad investment of money against increasing difficulty , under mining KNC has not turned out good for us 100%.

That actually remains to be seen. If the Monarch ships 2 months before Cointerra, and before Hashfast then it was a good buy... ends up shipping the same time, not so much. It would be good to have KNCs RIGHT NOW, but in a high density mining op, the form factor and theoretically less power consumption of the Monarch will be superior.

To enter the order queue now for any might be a bad investment though it's getting too long again, talk up delays, buy out early orders at 80c on the dollar, and you're good.

I think when KNC opens up a December batch, if they will, it might sell out in hours, it will be like Avalon Batch 3...

[MaxwellsDemon]

That actually remains to be seen. If the Monarch ships 2 months before Cointerra, and before Hashfast then it was a good buy...

It's always a good bet that BFL will ship early. When have they ever NOT shipped early?