runam0k
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Activity: 1092
Merit: 1001
Touchdown
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December 28, 2014, 09:59:59 PM |
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ouch. today's payment was disheartening.  Diff going down, divs going down.  Bonus nowhere to be seen, but that's less surprising. |
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smracer
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Activity: 1055
Merit: 1020
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January 10, 2015, 04:39:33 PM |
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Labrat has stated in the past he has opted for a refund from BFL. I am assuming he bought around 60 monarchs and should be getting around 500BTC+ refund. I would like to start a petition to distribute those coins to the investors and not use them to buy more hashrate that will just go into Zach's pocket. |
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elitenoob
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January 11, 2015, 01:59:54 AM |
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Labrat has stated in the past he has opted for a refund from BFL. I am assuming he bought around 60 monarchs and should be getting around 500BTC+ refund. I would like to start a petition to distribute those coins to the investors and not use them to buy more hashrate that will just go into Zach's pocket. +1 |
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bobfranklin
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Activity: 116
Merit: 10
aka `DiggeR
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January 11, 2015, 04:32:58 AM |
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Labrat has stated in the past he has opted for a refund from BFL. I am assuming he bought around 60 monarchs and should be getting around 500BTC+ refund. I would like to start a petition to distribute those coins to the investors and not use them to buy more hashrate that will just go into Zach's pocket. +2nded |
BTC: 1Q9zM8QKYGn6PkvogV5YC4PU5TBN8rQNHt
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btcrealm
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Activity: 62
Merit: 1
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January 11, 2015, 05:39:44 AM |
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Labrat has stated in the past he has opted for a refund from BFL. I am assuming he bought around 60 monarchs and should be getting around 500BTC+ refund. I would like to start a petition to distribute those coins to the investors and not use them to buy more hashrate that will just go into Zach's pocket. Per previous posts by Zach those funds had already been refunded and he was already putting them towards new hardware. This was quite a few pages back so I didn't go looking for it.At this point I think we can hope those BTC were reinvested. If they weren't they might be going towards the lawsuit right now. Also (I'm not a lawyer) I don't think any funds could be refunded/redistributed to <whatever we are supposed to be called now> while the lawsuit is going on. |
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btcrealm
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Activity: 62
Merit: 1
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January 11, 2015, 05:42:19 AM |
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It would be nice to hear from Labrat/Labrat's lawyers if payouts are minimum "required" because bonuses can't be paid out during the lawsuit as the are not specifically "owed" to <whatever we are supposed to be called now>.
Has anyone seen or heard from grnbrg in a long time?
Last online: December 17, 2014, 03:57:48 AM
Last post: October 15, 2014, 12:22:01 AM
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sparky999
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January 11, 2015, 12:14:17 PM |
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Labrat has stated in the past he has opted for a refund from BFL. I am assuming he bought around 60 monarchs and should be getting around 500BTC+ refund. I would like to start a petition to distribute those coins to the investors and not use them to buy more hashrate that will just go into Zach's pocket. Per previous posts by Zach those funds had already been refunded and he was already putting them towards new hardware. This was quite a few pages back so I didn't go looking for it.At this point I think we can hope those BTC were reinvested. If they weren't they might be going towards the lawsuit right now. Also (I'm not a lawyer) I don't think any funds could be refunded/redistributed to <whatever we are supposed to be called now> while the lawsuit is going on. I don't recall seeing LabRat say he had received the refund only that it was due soon and then all this crap happened. I assume it is being used for build out costs for the franchise deal with Mega |
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mOomOo
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Activity: 45
Merit: 3
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January 16, 2015, 12:08:52 AM |
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Labrat has stated in the past he has opted for a refund from BFL. I am assuming he bought around 60 monarchs and should be getting around 500BTC+ refund. I would like to start a petition to distribute those coins to the investors and not use them to buy more hashrate that will just go into Zach's pocket. Per previous posts by Zach those funds had already been refunded and he was already putting them towards new hardware. This was quite a few pages back so I didn't go looking for it.At this point I think we can hope those BTC were reinvested. If they weren't they might be going towards the lawsuit right now. Also (I'm not a lawyer) I don't think any funds could be refunded/redistributed to <whatever we are supposed to be called now> while the lawsuit is going on. I don't recall seeing LabRat say he had received the refund only that it was due soon and then all this crap happened. I assume it is being used for build out costs for the franchise deal with Mega LabRat or grnbrg can either of you comment on any of this and / or give some sort of update? (grnbrg hasn't been on since Dec 17th, you still around? However Labrat was connected on the 14th of Jan) |
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grnbrg
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January 16, 2015, 11:27:45 PM |
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I hate it when I miss the reply notification. My ear were burning, so I checked in....
I'll poke Zach for an update of some sort.
grnbrg.
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btcrealm
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Activity: 62
Merit: 1
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January 17, 2015, 02:41:48 AM |
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I hate it when I miss the reply notification. My ear were burning, so I checked in....
I'll poke Zach for an update of some sort.
grnbrg.
HE'S ALIVE!!!! @_0 |
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Mindsync Miner
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Activity: 69
Merit: 10
An independent miner.
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January 17, 2015, 02:46:58 AM |
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http://www.labratmining.com/currentHashrate.phpShowing up blanks for contracted hashrate. Explain please.
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You'll know me as dgiors in some other forums.
LTC: LWUQSovF76vTPoCnoH9NzfChX6dxQ6Qra7 BTC: 1MQLfiKA5A6goEiSwMdVyVvFw4YgCj489V
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btcrealm
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Activity: 62
Merit: 1
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January 17, 2015, 04:25:56 AM |
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I believe all the hash rate is in the private pool now. Surprising it still doesn't have stats on the site. Figured that would have been done a while ago. |
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smracer
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Activity: 1055
Merit: 1020
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January 20, 2015, 08:29:56 PM |
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I believe all the hash rate is in the private pool now. Surprising it still doesn't have stats on the site. Figured that would have been done a while ago. It took me about 5 minutes to add a php api call to put my own hashrate on my site. Maybe Zach is busy relaxing in his hot tub in his new house that he bought with investor dollars. |
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PoUpA
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Activity: 93
Merit: 10
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January 20, 2015, 09:19:09 PM |
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Not a hot tub... A private pool as stated on the site ;-)
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vitruvio
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January 20, 2015, 09:20:54 PM |
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Since the beginning "misinformation was the business tactic". We didn't really know the hashing power every week, we didn't know the hardware bought or the amount reinvested and where. Now we don't know about BFL refund. Not even a little accounting with earnings and expenses. With this info maybe if the business was a failure because of factors not attributable directly to him (BFL, wrong calculated expenses) now he could haven't been sued.
Basically he only promised reinvest 75% of earnings, an excel sheet with inputs and outputs would be enough.
As smracer stated, he can be, perfectly, getting a big amount of mining's profit for himself.
Any log of hashing power in a pool can be a proof in a lawsuit.
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mOomOo
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Activity: 45
Merit: 3
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February 06, 2015, 12:04:14 AM |
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btcrealm
Jr. Member
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Activity: 62
Merit: 1
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February 11, 2015, 03:32:01 PM |
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Yeah, pretty much. "Nothing to see here" for a long time now. I don't think labrats website has been updated since October last year either. I should probably look back into the lawsuit again and see whats going on with it. |
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smracer
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February 17, 2015, 04:20:35 AM
Last edit: February 24, 2015, 08:27:34 PM by smracer |
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Yeah, pretty much. "Nothing to see here" for a long time now. I don't think labrats website has been updated since October last year either. I should probably look back into the lawsuit again and see whats going on with it. After power and rent is paid and Labby deducts his monster salary to pay for his lawyer and new house and expenses, there is nothing left for us measly bondholders. Another one bites the dust. http://www.coindesk.com/bitcoin-miner-aquifer-files-for-chapter-11-bankruptcy/How long can Labrat hold on? |
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vitruvio
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March 08, 2015, 06:03:38 PM |
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So, no divs this week.... or maybe never more
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