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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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mmmerlin
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September 11, 2013, 10:52:45 PM
 #561

I have had enough of this game so I am giving away all my 100 BTC.

If you send me any amount of BTC below 50 I will double it until I have no BTC left.

This is NOT a scam!!!!


errr.....

See discussion above...  Tongue
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mmmerlin
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September 11, 2013, 10:53:16 PM
 #562

I have had enough of this game so I am giving away all my 100 BTC.

If you send me any amount of BTC below 50 I will double it until I have no BTC left.

This is NOT a scam!!!!

Address please...
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September 11, 2013, 10:54:22 PM
 #563

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me.  Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I use this to tell me daily income...... http://www.bitcoinx.com/profit/

So, 2.1TH produces 12.148btc per/day - 85.036btc per/week

So, (85.036*.75)/49496 = 0.00128 per bond

So as a return% of share price, if bought @ 0.18 (current) = 0.71% weekly return. Is that good for you? (rhetorical question)

I heard about this great opportunity where you get exactly ten times that - a 7% weekly return on your investment! Just don't ask any questions about how it works. Don't worry, it's definitely not a ponzi scheme... Is that good for you?  Wink

Really bad manners to hijack an exchange between two people like that mmmerlin. I will leave you to YOUR thread.
mmmerlin
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September 11, 2013, 11:00:59 PM
 #564

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me.  Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I use this to tell me daily income...... http://www.bitcoinx.com/profit/

So, 2.1TH produces 12.148btc per/day - 85.036btc per/week

So, (85.036*.75)/49496 = 0.00128 per bond

So as a return% of share price, if bought @ 0.18 (current) = 0.71% weekly return. Is that good for you? (rhetorical question)

I heard about this great opportunity where you get exactly ten times that - a 7% weekly return on your investment! Just don't ask any questions about how it works. Don't worry, it's definitely not a ponzi scheme... Is that good for you?  Wink

Really bad manners to hijack an exchange between two people like that mmmerlin. I will leave you to YOUR thread.

Apologies, no offence intended, I was just trying to highlight the fact that the last time someone was offering considerably more than that as a weekly return it was Pirate, and it didn't end so well for most involved.

Your question was rhetorical, so I felt that wasn't the worst way to answer it as you had declared it not in need of an answer, but apologies, I do try to conduct myself with reasonable manners  Undecided

And it's not like you can't continue your exchange, I just thought it was a point worth making. *shrugs*
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September 11, 2013, 11:05:29 PM
 #565

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me.  Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I use this to tell me daily income...... http://www.bitcoinx.com/profit/

So, 2.1TH produces 12.148btc per/day - 85.036btc per/week

So, (85.036*.75)/49496 = 0.00128 per bond

So as a return% of share price, if bought @ 0.18 (current) = 0.71% weekly return. Is that good for you? (rhetorical question)

I heard about this great opportunity where you get exactly ten times that - a 7% weekly return on your investment! Just don't ask any questions about how it works. Don't worry, it's definitely not a ponzi scheme... Is that good for you?  Wink

Really bad manners to hijack an exchange between two people like that mmmerlin. I will leave you to YOUR thread.

Apologies, no offence intended, I was just trying to highlight the fact that the last time someone was offering considerably more than that as a weekly return it was Pirate, and it didn't end so well for most involved.

Your question was rhetorical, so I felt that wasn't the worst way to answer it as you had declared it not in need of an answer, but apologies, I do try to conduct myself with reasonable manners  Undecided

And it's not like you can't continue your exchange, I just thought it was a point worth making. *shrugs*

 Smiley Forgotten
mmmerlin
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September 11, 2013, 11:09:48 PM
 #566

Smiley Forgotten

The last thing I would want to do would be to offend a fellow Brit bitcoiner, we're few and far between! Smiley

In all seriousness though, what would you consider both a good return and at the same time not so good that it's obviously someone doing another Pirate-scam?
bittymitty
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September 11, 2013, 11:12:45 PM
 #567

The biggest scam is keeping your fiat money in the bank.  I get 2% a year after tax which is less than inflation....

mmmerlin
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September 11, 2013, 11:16:32 PM
 #568

The biggest scam is keeping your fiat money in the bank.  I get 2% a year after tax which is less than inflation....



That is indeed a scam. Still ain't a wallet address though, I'm waiting...  Wink
bittymitty
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September 11, 2013, 11:19:05 PM
 #569

oh yeah

1NOTASCAMHONESTLYTYVMF2fivEy4BJMrz

100% return in minutes. be quick to not lose out Wink
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September 11, 2013, 11:20:01 PM
 #570

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me.  Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I think LR has to deduct one more portion for the overpaid week. After this week, it should reflect hasrate more closely.
Also, I think 2.1TH is a underestimate for what is currently hashing. But I could be wrong. LR has the right to withhold some dividends for the first couple weeks of any new hardware that begins mining. I personally wouldn't mind if he took all dividends for this week to order more from BitFury.

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bittymitty
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September 11, 2013, 11:24:16 PM
 #571

I would actually be happy for 100% of the dividends to be reinvested for a few weeks.  This would boost the hash rate a lot.
Maybe we can have a shareholder vote for this?
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September 11, 2013, 11:25:43 PM
 #572



http://labratstats.herokuapp.com/ Updating Lab Rat Hashrate - Courtesy of twmz
mmmerlin
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September 11, 2013, 11:26:09 PM
 #573

I would actually be happy for 100% of the dividends to be reinvested for a few weeks.  This would boost the hash rate a lot.
Maybe we can have a shareholder vote for this?

a) Let's not, but b) would they be weighted by holding?
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September 11, 2013, 11:28:44 PM
 #574

People are very "Touchy" in this thread.

Let's get back to the old times of just Cheering on Lab_Rat for getting more hashing power.

I personally don't care much for the politics of "Securities" and "Adult Investors" although I'm sure there is a thread that better suits that topic.

@Lab_Rat,

Any significant shareholders buying in? Are you getting more money together to purchase additional power from bitfury? Spread the good news!

I think having a forum for reasoned debate about anything is important, and I don't think people have gone off-topic enough to warrant a fork.

And yes, a lot of capital has been raised I believe, see previous posts about the several thousand private bond shares recently, not all of which was for hardware in hand...
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September 11, 2013, 11:29:45 PM
 #575

1 bond = 1 vote  51% majority wins.

go
mmmerlin
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September 11, 2013, 11:35:04 PM
 #576

1 bond = 1 vote  51% majority wins.

go

This isn't happening by the way, but even if it was, the only fair way to do it would be to have an absolute 51% voting in favour of making the change, as opposed to 51% of the votes collected, as you'd have to assume that people who haven't seen this thread or who abstain from voting are voting to keep the status quo.

Also, it's not a democracy, so you'd actually need 100% of the votes, as the contracts don't allow for this kind of funny business!
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September 11, 2013, 11:50:33 PM
 #577

So is this a dictatorship led by Labrat Jong-un?

Long live our blessed leader and may the BTC be forever flowing
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September 11, 2013, 11:53:12 PM
 #578

So is this a dictatorship led by Labrat Jong-un?

Long live our blessed leader and may the BTC be forever flowing

You better watch your tone.  Cool

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mmmerlin
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September 12, 2013, 12:14:05 AM
 #579

So is this a dictatorship led by Labrat Jong-un?

Long live our blessed leader and may the BTC be forever flowing

No, I imagine that he'd be perfectly receptive to a 100% vote, but I don't think it's fair on other bond holders to introduce an "I've had an idea - let's vote on it" policy retrospectively, even if a majority agree to it. It wasn't in the initial plan, and if people didn't agree to it at the outset then you can't change to it unless it's unanimous.

But I may be thinking about this incorrectly, and I'm not a person who doesn't listen to reason, so if you can explain why this sort of thing should be OK then I'm perfectly receptive to a good explanation...

But yes, watch your tone, Lab_Rat-Jong-Un, or LRJU as he will now be known, has his spies everywhere, you'll never be safe...  Lips sealed

All that said, if you do want a 50% majority you've only got to persuade about 10 people, the problem lies in finding out who they are...
bittymitty
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September 12, 2013, 12:34:17 AM
Last edit: September 12, 2013, 02:02:04 AM by bittymitty
 #580

Like any good dictatorship you have to rule with an iron fist so anyone that doesn't agree goes to the gulag for life with their family.

So we all give up our earnings to grow the mine indefinitely until which time LRJU decides it is big enough to start paying out dividends to the people.  The people then become infinitely rich and bathe in milk and honey.

Now we all agree this is a good idea right?
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