runam0k
Legendary
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Activity: 1092
Merit: 1001
Touchdown
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February 03, 2014, 03:57:56 PM |
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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.
And just to be clear, that banana is now worth $1000, right?  |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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sparky999
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February 03, 2014, 04:27:56 PM |
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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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levi
Newbie
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Activity: 23
Merit: 0
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February 03, 2014, 04:43:29 PM |
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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.
Doesn't mean we can't berate each other about it until the end of time! Back on topic, when's the next hardware rollout? And do we have any firm plans for pool migration? |
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Flashman
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February 03, 2014, 05:56:34 PM |
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Well anyone who is "really" happy about fiat ROI, would obviously be happy if this occurred... Frank bought a case of beer for $20 2 weeks in advance of a holiday weekend. Bob his buddy, got suddenly invited to a birthday party in the meantime and said "Hey Frank, can I take that case of beer and owe you one". "Sure" says Frank, "but I need it back by 9pm on the Saturday for my holiday weekend party.". "Right on" says Bob, the days pass and Bob turns up to the party on the Saturday night with a 6 pack. "WTF???" says Frank, "Well" says Bob, "I was gonna pick it up on the way here, but a lot of the stores were closed at 8 for the holiday, I had to stop at an upmarket bar and pay $25 for that six pack, you made $5 on the deal!" Send $1 to my paypal account if you think Frank should have been happy with his $5 fiat profit. Send 0.001 to my BTC address below if you think Frank got ripped off. Vote now!  But, to some extent, when we're expecting a mining co operator to spend the BTC at $100, $200 etc exchange rates to get the hardware orders in ASAP, being too upset when the price has outpaced the fiat investment by 500% is expecting them to get the kind of ROI only ever seen by the few batch 1 Avalon customers who actually got their machines delivered in the expected timeframe. |
TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
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rustyh17
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February 03, 2014, 06:12:37 PM |
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I can agree that FIAT ROI vs. BTC ROI folk can never be converted to the other camp.
Let me offer the only piece of advice in crypto that I have found to be 100% true (to date). Do not ever invest your crypto holdings in
anything that is tied to fiat. Feel free to invest your fiat in something that converts to crypto, but never the converse. I've failed to do
that in two discrete instances and it has cost me dearly.
But one thing is for sure. You won't hear me blaming someone else for my decision to violate the above rule.
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CumpsD
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February 03, 2014, 06:31:46 PM |
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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.
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sparky999
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February 03, 2014, 06:44:30 PM |
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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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CumpsD
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February 03, 2014, 06:46:05 PM |
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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)
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sparky999
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February 03, 2014, 08:11:02 PM |
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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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CumpsD
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February 03, 2014, 08:16:01 PM |
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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. |
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Doff
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February 03, 2014, 08:35:28 PM |
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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. Clarification would be fantastic, I think the only reason I refrain from going off in this thread is I keep getting my 5 dollar Banana each week. Right now I just consider this a complete loss. Oh, and where the eff is the trading interface on the website? Can Lab Rat please pay someone to build that real quick? sigh.. |
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sparky999
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February 03, 2014, 10:15:49 PM |
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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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CumpsD
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February 03, 2014, 10:20:13 PM |
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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. 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. |
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bigasic
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February 03, 2014, 11:02:41 PM
Last edit: February 03, 2014, 11:13:41 PM by bigasic |
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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. Dont get me wrong, I NEED LRM to succeed, but he was paying for the electricity anyways out of the 25 percent fee, so if LRM is getting free or cheap electricity, I would hope that he would decrease his fee or do something that will benefit us. Like I said, he was paying the electrical out of his 25 percent so that part of the deal doesn't really pertain to us, unless there is something that I dont know.. It would be great if he passed the saved bitcoin to us.... I, too, would like a detailed answer on how this venture is going to benefit us other than the cheaper electricity and cheaper equipment, perhaps? If it wasnt for us, there would be no LRM (especially the big investors). As long as this venture makes my shares worth it, and the dividends up there, then im happy. |
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sparky999
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February 04, 2014, 12:11:50 AM |
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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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Endlessa
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February 04, 2014, 12:49:24 AM |
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GHash.io is a very temporary solution. There's something in the works with Merlin that will make this problem go away.
Thanks LR, that makes me really happy to hear. The amount of hash we're talking about deploying will have whole number percentages of increase for that pool. I definitely don't want to be the peeps that pushed GHash closer to the line.  |
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bittymitty
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February 04, 2014, 01:38:35 AM |
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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. I'm not sure how Lab_Rat will find time for this second farm as he doesn't even have 15 minutes to spare at the end of each day... |
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bobfranklin
Member
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Activity: 116
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aka `DiggeR
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February 04, 2014, 03:30:36 AM |
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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. It is? My understanding was that he was in partnership with the other 2 which gives cheaper hardware costs, cheaper power while supporting the hosting location and anything that can be done to assist CoinSeed. I guess clarification would be needed. |
BTC: 1Q9zM8QKYGn6PkvogV5YC4PU5TBN8rQNHt
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sparky999
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February 04, 2014, 09:38:03 AM |
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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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brox
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Activity: 71
Merit: 10
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February 04, 2014, 09:53:03 AM |
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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.
What share price you are talking about - the one you cannot trade? |
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