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[elitenoob]

Bought 8 gox coins for 1200€ a couple days before they announce that they fuked it up and now this...i feel goxed over and over again

This is the last thing i ever invest bitcoins into...i just keep them whatever happens...or at least purchase some things from time to time.

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[bittymitty]

Bought 8 gox coins for 1200€ a couple days before they announce that they fuked it up and now this...i feel goxed over and over again

This is the last thing i ever invest bitcoins into...i just keep them whatever happens...or at least purchase some things from time to time.

LRM was never a sure bet but Mt Gox was 100% going down for a long time...

[Ashitank]

Rats in the lab lolz     .... just kidding  .... Please forgive 

[iourzzz]

I feel that we just need some more patience. There were no single signs that anything is going wrong.

The only real issue is a lack of communication. But actually it's absolutely usual in bitcoin world. As far as I remember Fried Cat of Asicminer is also not so verbose. But in proper time this did not prevent a lot of his shareholders to become rich.

Obviously that Zach is extremely busy. But this does not mean that he doesn't care.
He just do not like to talk until the real news.

[Mindsync Miner]

Grnbrg,

Would it be possible for you to put together a weekly summary including, but not limited to:

• 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?

Perhaps then Zach can just plug in or give you answers/updates to this type of weekly report
without it taking more than a few minutes.

I love it. I was going to suggest a weekly newsletter of sorts. Your idea is pretty much the same under a different name.

Even if Zach has to pay somebody to write the darn thing just get it out there. The confidence it would instill translated into share value should offset any operational expenses.

[a2offrb]

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:

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?  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?  

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.

[yuhannl]

Right after being pointed out that labrat still comes online, he's now offline for ~2 days in a row. I'm going take a guess that he's had btc held in mtgox which are payment for the gear(s) but now got stuffed over and lost them all.

[Ashitank]

Right after being pointed out that labrat still comes online, he's now offline for ~2 days in a row. I'm going take a guess that he's had btc held in mtgox which are payment for the gear(s) but now got stuffed over and lost them all.

Lol people are pissed & its understandable but your unfounded conspiracy post unfortunately wins you this round of Rat stuck in the Lab award.

[grnbrg]

Right after being pointed out that labrat still comes online, he's now offline for ~2 days in a row. I'm going take a guess that he's had btc held in mtgox which are payment for the gear(s) but now got stuffed over and lost them all.

Heh.  He's out of town again.  I'm trying to get him online for a bit.

And he confirmed to me previously that LRM had no exposure to any exchange.  The only BTC that touched an exchange was for immediate sale and withdrawal of fiat for expenses.

And I will set some time aside to do a weekly dividend summary -- I haven't mostly because the math is pretty easy, and you can work out the per bond payment and weekly total from any given individual payment....  But I can do that.  I'll also keep asking about new hardware, and post as soon as I have information on that front.  As far as I know LRM is still waiting on BFL and BitFury....



grnbrg.

[countduckula]

To be honest grnbrg, its not that we want the math, we want the report as sign of profesionalism of his work.

It takes roughly 5 minutes to post it and it shows at least that he cares. The hardware updates probably need to be done monthly, wich i think it should be done as well.

Weekly Dividends Report - 5 mins - 30 mins TOP a month
Monthly Hardware Report - 30 mins to write down?

1 Hour to dedicate to inform us on the status.

[MrTeal]

The only use for Gox in the months prior to its fall was just to speculate on price. It was useless as a platform to convert BTC to fiat since you couldn't get money out of it. Even if L_R had BTC on an exchange for paying for hardware, it probably wouldn't have been Gox.

[MPOE-PR]

Can anyone offer up a plausible reason for his behaviour?

Yes. You've been enabling an incompetent fuckwit for nearly a year, and he'd have no reason to believe you're worth any more time or effort than he'd care to piss away at any given moment.

Stop ending up in positions where you find yourself asking what's going on and why you're getting fucked. If you can't put in the work to perform due diligence and if you can't muster the discipline to refuse to fund incompetence, it means investing is not for you.

[BKM]

Can anyone offer up a plausible reason for his behaviour?

Yes. You've been enabling an incompetent fuckwit for nearly a year, and he'd have no reason to believe you're worth any more time or effort than he'd care to piss away at any given moment.

Stop ending up in positions where you find yourself asking what's going on and why you're getting fucked. If you can't put in the work to perform due diligence and if you can't muster the discipline to refuse to fund incompetence, it means investing is not for you.

Thanks so much for dropping by and gracing us with your wonderful, self referencing wisdom.

[||bit]

It's March.

[Doff]

Can anyone offer up a plausible reason for his behaviour?

Yes. You've been enabling an incompetent fuckwit for nearly a year, and he'd have no reason to believe you're worth any more time or effort than he'd care to piss away at any given moment.

Stop ending up in positions where you find yourself asking what's going on and why you're getting fucked. If you can't put in the work to perform due diligence and if you can't muster the discipline to refuse to fund incompetence, it means investing is not for you.

Lol, thanks Mom.

[spuushie]

https://forums.butterflylabs.com/announcements/4414-monarch-information-2.html

WOW

It was not a free coffee mug after all....

[countduckula]

Seriously, sounds like good news =)

[spuushie]

Wonder if Lab_rat goes for full refund or?

[countduckula]

Did i understand correctly the 6 month wait double shipment? Do they give you an Imperial AND add a 600 at the end of the queue?

[tempestb]

You get the Imperial (The 800gh Monarch) based on your original queue position.

You get the 600gh Monarch at the end of the order queue, which means by the time you get it it'll be worthless.