-

[mmmerlin]

About an hour ago, a purchase through BitFunder put the number of bonds sold from the IPO over 25,000.

25% of the initial issue has been sold in a little over 2 weeks.



grnbrg.

Over 30% sold now, 30,700 bonds in the wild now!

Yeah, someone bought a block of nearly 3,000 bonds yesterday. 8-O  I wish I had that kind of cash to play with.....


grnbrg.

Blimey, I wonder how many more will be snatched up before the IPO is "over" on Saturday and the remaining unsold bonds are pulled. It'll also be interesting to see what happened when the shares are allowed to find a market value...

[1714119457]

1714119457

[1714119457]

1714119457

[1714119457]

1714119457

[Bargraphics]

About an hour ago, a purchase through BitFunder put the number of bonds sold from the IPO over 25,000.

25% of the initial issue has been sold in a little over 2 weeks.



grnbrg.

Over 30% sold now, 30,700 bonds in the wild now!

Yeah, someone bought a block of nearly 3,000 bonds yesterday. 8-O  I wish I had that kind of cash to play with.....


grnbrg.

Blimey, I wonder how many more will be snatched up before the IPO is "over" on Saturday and the remaining unsold bonds are pulled. It'll also be interesting to see what happened when the shares are allowed to find a market value...

The way Lab_Rat has been working on getting HashRate I wouldn't be surprised if we see a large jump in next coming weeks. Right now people are scared with only 130GH mining, when we hit .5TH.. 1TH.. 2TH.. 4TH... there's no doubt in my mind that shares will be gobbled up.

[grnbrg]

The way Lab_Rat has been working on getting HashRate I wouldn't be surprised if we see a large jump in next coming weeks. Right now people are scared with only 130GH mining, when we hit .5TH.. 1TH.. 2TH.. 4TH... there's no doubt in my mind that shares will be gobbled up.

Yup.  However, as @mmmerlin pointed out, @Lab_Rat is pulling most of the unsold shares off of BitFunder on Saturday, and will be selling them in small batches going forward, either at the promised amount, or market value.

3 more days to get bonds at a guaranteed price.    Given that the IPO bonds sitting at 0.16 have acted as a cap, and there has been very little sold much below that, it looks like the price will go up, too.


grnbrg.

[Ashitank]

When is Dave going to start mining for LRM with his Bitfury miners any ETA ?

[mmmerlin]

When is Dave going to start mining for LRM with his Bitfury miners any ETA ?

Presumably as soon as he receives his hardware, which is presumably as soon as BitFury start shipping, though admittedly that is a lot of presumptions...

[Lab_Rat]

Dave has stated that once he has access to the hardware he'll begin mining whether it be virtually (off-site) or in-hand.  It will likely be in-hand as it should be shipped as soon as it's made, but in either event it should be soon.  Not sure when it will be, but it should be some of the first BitFury equipment produced doing the mining.

[mmmerlin]

Dave has stated that once he has access to the hardware he'll begin mining whether it be virtually (off-site) or in-hand.  It will likely be in-hand as it should be shipped as soon as it's made, but in either event it should be soon.  Not sure when it will be, but it should be some of the first BitFury equipment produced doing the mining.

Excellent news! 

[Lab_Rat]

Currently the pool is reading between 610 and 650GH/s...  I wonder if that's because a MiniRig was added today?

This weeks dividends may be missing out on the major benefits of this new addition to LRM, but next week should be pretty impressive.

I will be out of town most of the week, but I don't need to be around for the hashing to continue.  I have the rigs being watched and the dividends should still be paid out on time next Saturday.  If they absolutely can't be paid out for some reason, the dividends will be paid out Sunday night when I return.

This is a huge jump for LRM and I'm excited to see the company go over 1TH soon!!!

[LostDutchman]

Congratz Rat and knock'em dead!

[crazyearner]

Question with the bonds how do you earn on the bonds kept and how does one receive payments if keeping bonds and not selling and gaining power in return for the mining.

How does that actually work in terms of payments in btc? Is it based on keeping bond and more bonds bought and continue to hold and wait for value to go up then sell etc? Or do we gain income from bonds kept and hashing power generates coin for yourself on top of keeping bonds ?

[grnbrg]

Question with the bonds how do you earn on the bonds kept and how does one receive payments if keeping bonds and not selling and gaining power in return for the mining.

How does that actually work in terms of payments in btc? Is it based on keeping bond and more bonds bought and continue to hold and wait for value to go up then sell etc? Or do we gain income from bonds kept and hashing power generates coin for yourself on top of keeping bonds ?

Each bond is bought through BitFunder.com.  Each bond represents a share of the hashrate run by LabRatMining.  Each Saturday, the BTC generated by that hashrate is paid as a dividend to your BitFunder account, and can be re-invested or transferred out.  You can also (at any time) sell one or more of the bonds you own through BitFunder.


grnbrg.

[crazyearner]

Question with the bonds how do you earn on the bonds kept and how does one receive payments if keeping bonds and not selling and gaining power in return for the mining.

How does that actually work in terms of payments in btc? Is it based on keeping bond and more bonds bought and continue to hold and wait for value to go up then sell etc? Or do we gain income from bonds kept and hashing power generates coin for yourself on top of keeping bonds ?

Each bond is bought through BitFunder.com.  Each bond represents a share of the hashrate run by LabRatMining.  Each Saturday, the BTC generated by that hashrate is paid as a dividend to your BitFunder account, and can be re-invested or transferred out.  You can also (at any time) sell one or more of the bonds you own through BitFunder.


grnbrg.

Ok looks good how does one get a  labrat account then as I have the weexchange account and bitfunder account

[grnbrg]

Ok looks good how does one get a  labrat account then as I have the weexchange account and bitfunder account

Just transfer BTC from Weex to Bitfunder, and buy LabRatMining bonds....


grnbrg.

[||bit]

Currently the pool is reading between 610 and 650GH/s...  I wonder if that's because a MiniRig was added today?

This weeks dividends may be missing out on the major benefits of this new addition to LRM, but next week should be pretty impressive.

I will be out of town most of the week, but I don't need to be around for the hashing to continue.  I have the rigs being watched and the dividends should still be paid out on time next Saturday.  If they absolutely can't be paid out for some reason, the dividends will be paid out Sunday night when I return.

This is a huge jump for LRM and I'm excited to see the company go over 1TH soon!!!

Which pool?

[Dropthebass]

Really looking forward to see next week. Keep up the good work !

[a2offrb]

Currently the pool is reading between 610 and 650GH/s...  I wonder if that's because a MiniRig was added today?

This weeks dividends may be missing out on the major benefits of this new addition to LRM, but next week should be pretty impressive.

I will be out of town most of the week, but I don't need to be around for the hashing to continue.  I have the rigs being watched and the dividends should still be paid out on time next Saturday.  If they absolutely can't be paid out for some reason, the dividends will be paid out Sunday night when I return.

This is a huge jump for LRM and I'm excited to see the company go over 1TH soon!!!

Which pool?

+1
I dont even know where you are currently mining.
So please, post somewhere in OP or WebSite info about current pool.

[mufa23]

Pretty sure he mentioned the mining was at EMC a few pages back.

[Ashitank]

Just read Labrats post few pages back , all the info about mining pool is mentioned there , I think Pool used by LRM is private pool.

[Lab_Rat]

I'm currently mining in a private pool.  There are many members of the Bitcoin community that mine in this pool with me that are very trustworthy.  If someone would like confirmation of LRMs hashrate I can ask one of them to confirm.

The reason I chose this pool is that I was mining in it for months before getting any hardware for LRM.  The stability is amazing and I love the pools readout of stats.  When I switched over to Eligius, there was stability issues, but the stats readout is wonderful on Eligius.  EMC was stable and has an OK stats readout for individuals who have a high hashrate, but it was only registering ~75-80% of LRMs hashrate.

Therefore I will be mining privately for the time being and will be implementing a stats readout on my website in the near future.

[twmz]

I'm currently mining in a private pool.  There are many members of the Bitcoin community that mine in this pool with me that are very trustworthy.  If someone would like confirmation of LRMs hashrate I can ask one of them to confirm.

The reason I chose this pool is that I was mining in it for months before getting any hardware for LRM.  The stability is amazing and I love the pools readout of stats.  When I switched over to Eligius, there was stability issues, but the stats readout is wonderful on Eligius.  EMC was stable and has an OK stats readout for individuals who have a high hashrate, but it was only registering ~75-80% of LRMs hashrate.

Therefore I will be mining privately for the time being and will be implementing a stats readout on my website in the near future.

I am not a Lab Rat shareholder, but I also am mining at the same private pool.  I can confirm that the pool's stats page lists Lab Rat in the top contributors list at 621.35Gh/s at this moment (which is only #10 on the top contributors list).  This is a very stable pool aimed at high hashrate miners.