-

[SOSLOVE868]

As previously announced, I have been working on a series of spreadsheets that will allow investors to view all information pertaining to LabRatMining and how the Bitcoin network and exchange rates affect the company.

This spreadsheet was developed to add some clarity to the previously vague "Minimum of 100MH/s per bond."

I have taken into account all variables involved except reinvestment by the company as this quantity will vary over time.  There are fixed costs involved in hosting the equipment as well as variable costs that will determine the amount that will be reinvested.

Below is some data that has been calculated given a scenario based around the following assumptions:
-BTC/USD = $90.00
-Expected Difficulty at the time of hardware deployment = 45,000,000
-The period of time you wish to measure in weeks = 26
-The percent increase in difficulty per adjustment = 14

Total hashrate in TH for LabRatMining given bond sales
6.9 @16,500 bonds sold
8.4 @20,000 bonds sold
13.5 @30,000 bonds sold
18.6 @40,000 bonds sold
24.1 @50,000 bonds sold
29.5 @60,000 bonds sold
35.3 @70,000 bonds sold
41.2 @80,000 bonds sold
47.3 @90,000 bonds sold
53.5 @100,000 bonds sold

Individuals hashrate per bond based on bond sales
313.86 @16,500 bonds sold
314.34 @20,000 bonds sold
337.22 @30,000 bonds sold
348.65 @40,000 bonds sold
360.86 @50,000 bonds sold
369.05 @60,000 bonds sold
378.71 @70,000 bonds sold
385.96 @80,000 bonds sold
394.57 @90,000 bonds sold
401.48 @100,000 bonds sold

Price per GH at given bond purchase price according to bond sales
Average of $42/GH/s (hosting and electric included.)

Profitability
Average returns to be expected are likely to be in the range of 70-90% above and beyond the initial investment over 26 weeks.

Difficulty Projections
In this calculator I have included the ability to use differing assumptions to estimate difficulty over 26 weeks.  These values are included in formulas that may be used to estimate returns.

This calculator is complex and therefore comes with a README that can be used to explain the data and formulas.

This spreadsheet was made using Excel.  You may download the spreadsheet to allow for input of your own assumptions.  The fact that these were produced using Excel may cause some individuals to not have access to using the full potential of this calculator, but Google Docs has a built in spreadsheet viewer that will give you the full information based on the assumptions above.

Here is the link to access the complete spreadsheet and README: https://drive.google.com/folderview?id=0BwZCh0jtSZkwR1A4RS04TkNUcVU&usp=sharing

Because you have stetted a price gap ,there are little hope you will sold your bonds above 0.15...

anyway, the calculation above isn't the same , for example : you said 16500 sold would be 6.9 TH in total. which should be equivalent to 418M/M h per bond.
but you stated that individual bond has 318.86/Mhash. and the term of 100M/hash rate bond which originally you stated in the contract  now become 300M/hash rate.(Is that you manage your contract by just  typing it like whatever you like to?)

[SOSLOVE868]

if no one bid up the bonds above 0.16 , then after 12 weeks, according to that BITFURY will delivery its products at earliest on October.
You guys will be burned at 12 weeks later.

We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.

Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766

P.S: if look back the recent  trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.

From what you're stating, my bonds at a current minimum value of 300MH/s per bond would pull in at least 0.0766 * 3 = 0.2298 BTC on an investment that costs 0.15 BTC.  If the quantity of bonds sold increases, the hashrate per bond follows, but the later purchasers pay slightly more.  This would allow for early investors to make more profit, but also increase the company's hashrate maintaining that same profitability through new purchases of bonds.  There will also be a sizable re-investment made regularly by LabRatMining further increasing your hashrate.  This will in turn increase profitability.  So on a worse case scenario according to you, you would make a minimum of your money back +50% and still have the bond in hand to sell at a later date.

I don't see anything negative in what you just said.  Bitcoin is not a sprint to get rich, it's a marathon to make a profit.

If 100000 shares isn't totally sold ,then it only worth 100 millions per bond..Am I right?

No, at the current level of 17,000 bonds sold, the estimated hashrate per bond is 313 MH/s.



grnbrg.

Did this information has been include in his contract???or just by he posting over the thread? 
If he going to execute exactly as the contract , this bond is only equivalent as 100MH/s...

[Ashitank]

Soslove868 definitely has a point guys, if things go south buyers of this asset can only rely on whats in the contract but not what is posted in this thread right. 

P.S Lab_rate I think this is a cool asset & wish best of luck to you. 

[SOSLOVE868]

Soslove868 definitely has a point guys, if things go south buyers of this asset can only rely on whats in the contract but not what is posted in this thread right.  

P.S Lab_rate I think this is a cool asset & wish best of luck to you.  

It will be wiser if investors are requesting him to update his contract ,in order to as same as what he mentioned in this thread.

also ask him to check his mistake in his calculation, it is a mistake or something isn't fully disclosure,by telling investors what is the reason causing the difference between 418 MHash/s and 318.86 MHash/s .

[bitman442]

As previously announced, I have been working on a series of spreadsheets that will allow investors to view all information pertaining to LabRatMining and how the Bitcoin network and exchange rates affect the company.

This spreadsheet was developed to add some clarity to the previously vague "Minimum of 100MH/s per bond."

I have taken into account all variables involved except reinvestment by the company as this quantity will vary over time.  There are fixed costs involved in hosting the equipment as well as variable costs that will determine the amount that will be reinvested.

Below is some data that has been calculated given a scenario based around the following assumptions:
-BTC/USD = $90.00
-Expected Difficulty at the time of hardware deployment = 45,000,000
-The period of time you wish to measure in weeks = 26
-The percent increase in difficulty per adjustment = 14

Total hashrate in TH for LabRatMining given bond sales
6.9 @16,500 bonds sold
8.4 @20,000 bonds sold
13.5 @30,000 bonds sold
18.6 @40,000 bonds sold
24.1 @50,000 bonds sold
29.5 @60,000 bonds sold
35.3 @70,000 bonds sold
41.2 @80,000 bonds sold
47.3 @90,000 bonds sold
53.5 @100,000 bonds sold

Individuals hashrate per bond based on bond sales
313.86 @16,500 bonds sold
314.34 @20,000 bonds sold
337.22 @30,000 bonds sold
348.65 @40,000 bonds sold
360.86 @50,000 bonds sold
369.05 @60,000 bonds sold
378.71 @70,000 bonds sold
385.96 @80,000 bonds sold
394.57 @90,000 bonds sold
401.48 @100,000 bonds sold

Price per GH at given bond purchase price according to bond sales
Average of $42/GH/s (hosting and electric included.)

Profitability
Average returns to be expected are likely to be in the range of 70-90% above and beyond the initial investment over 26 weeks.

Difficulty Projections
In this calculator I have included the ability to use differing assumptions to estimate difficulty over 26 weeks.  These values are included in formulas that may be used to estimate returns.

This calculator is complex and therefore comes with a README that can be used to explain the data and formulas.

This spreadsheet was made using Excel.  You may download the spreadsheet to allow for input of your own assumptions.  The fact that these were produced using Excel may cause some individuals to not have access to using the full potential of this calculator, but Google Docs has a built in spreadsheet viewer that will give you the full information based on the assumptions above.

Here is the link to access the complete spreadsheet and README: https://drive.google.com/folderview?id=0BwZCh0jtSZkwR1A4RS04TkNUcVU&usp=sharing

Because you have stetted a price gap ,there are little hope you will sold your bonds above 0.15...

anyway, the calculation above isn't the same , for example : you said 16500 sold would be 6.9 TH in total. which should be equivalent to 418M/M h per bond.
but you stated that individual bond has 318.86/Mhash. and the term of 100M/hash rate bond which originally you stated in the contract  now become 300M/hash rate.(Is that you manage your contract by just  typing it like whatever you like to?)

So you believe that 100% of all profits made by LRM should be equally distributed amongst the bond holders? Lab Rat isn't running a charity, it is a business. Not to mention all of the other overhead costs and his time investment associated with hosting a large scale mining farm.

[Lab_Rat]

Soslove868 definitely has a point guys, if things go south buyers of this asset can only rely on whats in the contract but not what is posted in this thread right.  

P.S Lab_rate I think this is a cool asset & wish best of luck to you.  

It will be wiser if investors are requesting him to update his contract ,in order to as same as what he mentioned in this thread.

also ask him to check his mistake in his calculation, it is a mistake or something isn't fully disclosure,by telling investors what is the reason causing the difference between 418 MHash/s and 318.86 MHash/s .

This is not a mistake and yes I have disclosed all numbers.  I have stated that 80% of funds invested by bond purchasers is going directly into hardware, while the remaining 20% will be used for start-up costs associated with a project of this scale.

Of that hardware that is purchased, 75% is paid out directly to investors, while the remaining 25% is used to re-invest, giving the company a higher total hashrate which will in turn increase the bondholders hashrate.  A portion of this 25% will be used for running expenses and a small management fee.

These numbers are already amended to the contract:

Bond Value Calculation -- LabRatMining is making an 80% direct investment into hardware with multiple manufacturers, while the remaining 20% is used for start-up costs associated with an operation at this scale.

The dividends from the hardware that LabRatMining is operating and/or going to operate will be divided between the company and it's investors.  75% of all dividends are being paid out to investors directly, while the remaining 25% of dividends are used for reinvestment.  This provides an ever increasing total hashrate for the company, which in turn increases a bonds worth.  Out of this 25% will also come running expenses and a small management fee.

These numbers have always been the intention of LabRatMining and I have made public statements declaring such.  I understand that some individuals want a guaranteed minimum as well as a "best guess" and I have now provided both.  

[ThickAsThieves]

Of that hardware that is purchased, 75% is paid out directly to investors, while the remaining 25% is used to re-invest, giving the company a higher total hashrate which will in turn increase the bondholders hashrate.  A portion of this 25% will be used for running expenses and a small management fee.

You must state the exact portion of proceeds you intend to keep as management fees. "Small" means what?

[Lab_Rat]

Of that hardware that is purchased, 75% is paid out directly to investors, while the remaining 25% is used to re-invest, giving the company a higher total hashrate which will in turn increase the bondholders hashrate.  A portion of this 25% will be used for running expenses and a small management fee.

You must state the exact portion of proceeds you intend to keep as management fees. "Small" means what?

I can't give an exact portion for the fact that the dividends are variable while the hosting costs are fixed resulting in an ever changing portion of dividends remaining.  I can guarantee that at no time will I not reinvest if the funds are there, meaning the dividends remaining are over the cost of at least one rig.

This value is dependent upon the USD/BTC exchange rate and the dividends brought in over the course of that week.  I am not going to make any promises at this time for the fact that in 6 months this could cause the company to be operating in the red.

I will give full disclosure at the time of these events, but can't and won't put the company in jeopardy because you want to know in advance.  I am already operating at an extremely low margin that is 21:1 as profitable as some other PMBs on the market.  I feel as though I have promised enough.

[ThickAsThieves]

Of that hardware that is purchased, 75% is paid out directly to investors, while the remaining 25% is used to re-invest, giving the company a higher total hashrate which will in turn increase the bondholders hashrate.  A portion of this 25% will be used for running expenses and a small management fee.

You must state the exact portion of proceeds you intend to keep as management fees. "Small" means what?

I can't give an exact portion for the fact that the dividends are variable while the hosting costs are fixed resulting in an ever changing portion of dividends remaining.  I can guarantee that at no time will I not reinvest if the funds are there, meaning the dividends remaining are over the cost of at least one rig.

This value is dependent upon the USD/BTC exchange rate and the dividends brought in over the course of that week.  I am not going to make any promises at this time for the fact that in 6 months this could cause the company to be operating in the red.

I will give full disclosure at the time of these events, but can't and won't put the company in jeopardy because you want to know in advance.  I am already operating at an extremely low margin that is 21:1 as profitable as some other PMBs on the market.  I feel as though I have promised enough.

You simply decide on whether your compensation will be fixed, dynamic, or both. Then you state the portion that is fixed, and the formula or proportion of what is dynamic.

[SOSLOVE868]

As previously announced, I have been working on a series of spreadsheets that will allow investors to view all information pertaining to LabRatMining and how the Bitcoin network and exchange rates affect the company.

This spreadsheet was developed to add some clarity to the previously vague "Minimum of 100MH/s per bond."

I have taken into account all variables involved except reinvestment by the company as this quantity will vary over time.  There are fixed costs involved in hosting the equipment as well as variable costs that will determine the amount that will be reinvested.

Below is some data that has been calculated given a scenario based around the following assumptions:
-BTC/USD = $90.00
-Expected Difficulty at the time of hardware deployment = 45,000,000
-The period of time you wish to measure in weeks = 26
-The percent increase in difficulty per adjustment = 14

Total hashrate in TH for LabRatMining given bond sales
6.9 @16,500 bonds sold
8.4 @20,000 bonds sold
13.5 @30,000 bonds sold
18.6 @40,000 bonds sold
24.1 @50,000 bonds sold
29.5 @60,000 bonds sold
35.3 @70,000 bonds sold
41.2 @80,000 bonds sold
47.3 @90,000 bonds sold
53.5 @100,000 bonds sold

Individuals hashrate per bond based on bond sales
313.86 @16,500 bonds sold
314.34 @20,000 bonds sold
337.22 @30,000 bonds sold
348.65 @40,000 bonds sold
360.86 @50,000 bonds sold
369.05 @60,000 bonds sold
378.71 @70,000 bonds sold
385.96 @80,000 bonds sold
394.57 @90,000 bonds sold
401.48 @100,000 bonds sold

Price per GH at given bond purchase price according to bond sales
Average of $42/GH/s (hosting and electric included.)

Profitability
Average returns to be expected are likely to be in the range of 70-90% above and beyond the initial investment over 26 weeks.

Difficulty Projections
In this calculator I have included the ability to use differing assumptions to estimate difficulty over 26 weeks.  These values are included in formulas that may be used to estimate returns.

This calculator is complex and therefore comes with a README that can be used to explain the data and formulas.

This spreadsheet was made using Excel.  You may download the spreadsheet to allow for input of your own assumptions.  The fact that these were produced using Excel may cause some individuals to not have access to using the full potential of this calculator, but Google Docs has a built in spreadsheet viewer that will give you the full information based on the assumptions above.

Here is the link to access the complete spreadsheet and README: https://drive.google.com/folderview?id=0BwZCh0jtSZkwR1A4RS04TkNUcVU&usp=sharing

Because you have stetted a price gap ,there are little hope you will sold your bonds above 0.15...

anyway, the calculation above isn't the same , for example : you said 16500 sold would be 6.9 TH in total. which should be equivalent to 418M/M h per bond.
but you stated that individual bond has 318.86/Mhash. and the term of 100M/hash rate bond which originally you stated in the contract  now become 300M/hash rate.(Is that you manage your contract by just  typing it like whatever you like to?)

So you believe that 100% of all profits made by LRM should be equally distributed amongst the bond holders? Lab Rat isn't running a charity, it is a business. Not to mention all of the other overhead costs and his time investment associated with hosting a large scale mining farm.

At least he should update his contract ,in order to disclosure everything in it, not in this thread... the term in his contract is vague and isn't mentioning anything of his cost .. anyway , it is over-priced mining bond contract ,either you believe it or not , you will find out 12 weeks later,Because there will have better value contract in the market by the time.

[VinceSamios]

95 shares left at 0.15 - After this I guess we'll be seeing 0.16 pretty quickly.

[Ashitank]

Bought about 12 Gh/s of estimated hashing power , Shares @ 0.15 got eaten up pretty fast  

[Bargraphics]

Hello,

A known Scammer Pirate has been Charged by the SEC https://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370539730583#.Ue7Bc_myCq2

In that thread they are talking about SEC Compliance

https://bitcointalk.org/index.php?topic=261235.msg2788773#msg2788773


I'm not very familiar with any of this and my question is what does LRM's Lawyer make of the above.

We're in uncharted territories with these unregulated exchanges and offerings.

Thank you.

[maqifrnswa]

Hello,

A known Scammer Pirate has been Charged by the SEC https://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370539730583#.Ue7Bc_myCq2

In that thread they are talking about SEC Compliance

https://bitcointalk.org/index.php?topic=261235.msg2788773#msg2788773


I'm not very familiar with any of this and my question is what does LRM's Lawyer make of the above.

We're in uncharted territories with these unregulated exchanges and offerings.

Thank you.

First off, awesome.

Second:

Shavers posted general solicitations on a website dedicated to Bitcoin discussions, and he misled investors with such false assurances about his investment opportunity as “It’s growing, it’s growing!” and “I have yet to come close to taking a loss on any deal,” and “risk is almost 0.”  Contrary to the representations made to investors, BTCST was not in the business of buying and selling Bitcoin at all.

and from reading the actually complaint
http://www.sec.gov/litigation/complaints/2013/comp-pr2013-132.pdf
it looks like he got nailed for misrepresenting his business and running a scam, not for trading unregistered securities.

but then there is this:

THIRD CLAIM FOR RELIEF
Violations of Section 5(a) a
nd 5(c) of the Securities Act
41.
The Commission re-alleges and inco
rporates paragraphs 1 through 34 by
reference as if fully set forth herein.
SEC v. Trendon T. Shavers, et al
8
COMPLAINT
42.
Defendants, directly or indirectly, singly
or in concert, have made use of the
means or instruments of transportation or commun
ication in interstate commerce, or the mails, to
offer and sell securities when no re
gistration statements was filed or in
effect as to such securities
and when no exemption from registration was applicable.
43.
By reason of the foregoing, Defendants have violated and, unless enjoined, will
again violate Sections 5(a) and 5(c) of the Secu
rities Act [15 U.S.C. §§ 77
e(a) and 77e(c).]

curious what labrat's lawyer has to say though

[Lab_Rat]

As previously announced, I have been working on a series of spreadsheets that will allow investors to view all information pertaining to LabRatMining and how the Bitcoin network and exchange rates affect the company.

This spreadsheet was developed to add some clarity to the previously vague "Minimum of 100MH/s per bond."

I have taken into account all variables involved except reinvestment by the company as this quantity will vary over time.  There are fixed costs involved in hosting the equipment as well as variable costs that will determine the amount that will be reinvested.

Below is some data that has been calculated given a scenario based around the following assumptions:
-BTC/USD = $90.00
-Expected Difficulty at the time of hardware deployment = 45,000,000
-The period of time you wish to measure in weeks = 26
-The percent increase in difficulty per adjustment = 14

[...]

This spreadsheet was made using Excel.  You may download the spreadsheet to allow for input of your own assumptions.  The fact that these were produced using Excel may cause some individuals to not have access to using the full potential of this calculator, but Google Docs has a built in spreadsheet viewer that will give you the full information based on the assumptions above.
Here is the link to access the complete spreadsheet and README: https://drive.google.com/folderview?id=0BwZCh0jtSZkwR1A4RS04TkNUcVU&usp=sharing

Because you have stetted a price gap ,there are little hope you will sold your bonds above 0.15...

anyway, the calculation above isn't the same , for example : you said 16500 sold would be 6.9 TH in total. which should be equivalent to 418M/M h per bond.
but you stated that individual bond has 318.86/Mhash. and the term of 100M/hash rate bond which originally you stated in the contract  now become 300M/hash rate.(Is that you manage your contract by just  typing it like whatever you like to?)

So you believe that 100% of all profits made by LRM should be equally distributed amongst the bond holders? Lab Rat isn't running a charity, it is a business. Not to mention all of the other overhead costs and his time investment associated with hosting a large scale mining farm.

At least he should update his contract ,in order to disclosure everything in it, not in this thread... the term in his contract is vague and isn't mentioning anything of his cost .. anyway , it is over-priced mining bond contract ,either you believe it or not , you will find out 12 weeks later,Because there will have better value contract in the market by the time.

If you read a couple posts up from yours you'll notice I updated my contract.

As per the SEC issue. I discussed this with my lawyer over a month ago and I believe that due to these securities being offered to a limited amount of people and/or institutions, as well as being limited in size, they do not have to comply with the SEC unless they are falsely representing their business.

Not all offerings of securities must be registered with the Commission. Some exemptions from the registration requirement include:

private offerings to a limited number of persons or institutions;

offerings of limited size;

intrastate offerings; and

securities of municipal, state, and federal governments.

By exempting many small offerings from the registration process, the SEC seeks to foster capital formation by lowering the cost of offering securities to the public.

Found here:  http://www.sec.gov/about/laws.shtml

[Bargraphics]

Thank you for that reply Lab Rat.

[snowdropfore]

i have bougt your bones,hope you can do a good job!!

[grnbrg]

How many, and what kinds of orders, have been placed so far?  The initial contract still only mentions Butterfly Labs.  Have BFL orders been placed already (& how many)?  I've read that LRDP has made some kind of arrangement with Bitfury.  Can we get some clarity on that? 

Lab_Rat and buzzdave have confirmed hardware availability early in the October queue.  I will be surprised if more detail than that is released.

There is some work being done to finalize more immediate hardware.  Once details have been finalized (within the next day or so) they will be announced.



grnbrg.

[Lab_Rat]

How many, and what kinds of orders, have been placed so far?  The initial contract still only mentions Butterfly Labs.  Have BFL orders been placed already (& how many)?  I've read that LRDP has made some kind of arrangement with Bitfury.  Can we get some clarity on that? 

The contract on BitFunder has been updated to cover everything discussed in this thread that should have been added from the start, but it does mention BitFury...

I have 240GH that should be on it's way to me this week or next, the source doesn't matter, but it's already in hand.  Following that will likely be 2.3-2.8 TH in June/July 2012 BFL orders and August shipdate BitFury orders.  4-8 weeks later will likely be 9+TH split between BFL and BitFury.

There are a few other individuals I have been in contact with to secure early orders or orders already in hand, but I have a deal I'm working out with Dave at the moment that is huge.  I would like to share it, but the details are still being ironed out...

Just trying to paint a picture that there are 4 or 5 different paths being taken to get hardware as soon as possible and LabRatMining has the power to get them done.

[VinceSamios]

Lab_Rat would it be fair to classify LRM shares as "Shares in LRM with a guaranteed minimum hash rate of 100mh per share"? - basically guaranteeing a minimum hash rate, but if LRM as a mining company grows, the all investors reap the rewards? I'm already in for 200+ shares btw, I sold my BFL pre-orders to invest with you instead.