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September 21, 2013, 02:42:37 AM
Last edit: September 21, 2013, 03:43:02 AM by ||bit |
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I was bullish before, but am leaning kind of bearish now about LRM. Bond liquidity is miserable. No significant demand to buy LRM bonds even at it's initial lowest price. Bond holders with more than a few bonds are practically stuck holding. That is, unless they don't mind to sell with a >90% loss. I suppose this is the nature of start-ups, and that the only significant demand from here forward will be from the limited few willing to buy and hold for a year (if the mining plan is seen as sustainable) And I admit sustainability is where I have the most doubts. If the mining plan isn't sustainable, it seems it's going to be a long term loss to all investors.
If anyone can crunch the numbers and show how the plan will provide a full ROI (based on bitcoins traded for bonds) and/or be sustainable, then please do. Feel free to even assume some kind of large discounts for hardware purchased (I hope LR got a big discounts from suppliers based on the amounts being spent). But if you have to assume bitcoin value goes up to see an ROI, then you've only achieved an ROI based on fiat. So, assume a constant bitcoin value of about $140 from here forward.
Lol, yes, any analysis has to assume constant bitcoin value, otherwise you can just buy bitcoin. That wouldn't be a return from LRM, that's just currency speculation. It's also quite ironic that the main thing that's made you want to sell is the fact that you can't... LRM was always a long term proposition, and the liquidity will return as soon as there is a) some news ( hint hint LR  ) and b) the hashrate gets the big boost that's around the corner. You're probably right that not being able to sell is what makes it more annoying, and I probably wouldn't sell if there was liquidity. But again, my biggest concern is the sustainability, and this does make me stay ready to bail on LRM. If I could calculate a reasonable chance of sustainability, liquidity wouldn't be as much of an issue. I'm thinking a complete ROI is possible, but not a long term benefit. Perhaps, it will be similar to BFL, where holding bitcoin for a year would have been the best choice in retrospect - I'm definitely open to seeing that proven wrong. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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bigasic
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September 21, 2013, 02:46:51 AM |
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Wow, someone has listed their shares for .11 maybe its someone that wants to bring the price down or someone that got the bonds lower.. either way, thats not good, but I have faith...When the hashrate starts to go up, I believe so will the price of the bonds..
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smracer
Donator
Legendary
 Offline
Activity: 1055
Merit: 1020
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September 21, 2013, 03:26:06 AM |
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Someone bought them before I could get the coins in there. I would have loved to lower my cost basis.
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||bit
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September 21, 2013, 03:27:02 AM |
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Someone bought them before I could get the coins in there. I would have loved to lowered my cost basis.
How many do you want, and at what price? |
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BKM
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September 21, 2013, 03:28:46 AM |
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Wow, someone has listed their shares for .11 maybe its someone that wants to bring the price down or someone that got the bonds lower.. either way, thats not good, but I have faith...When the hashrate starts to go up, I believe so will the price of the bonds..
Interesting controversy about Activemining today and what is the result - cheap LRM bonds.... I think Zachary is working his plan and well capitalized to secure the required hashing power. Undoubtedly the gear is hashing away and the reporting is not accurate..... Off to shop for more! |
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BKM
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September 21, 2013, 03:29:54 AM |
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Someone bought them before I could get the coins in there. I would have loved to lower my cost basis.
Damn! Those went cheap..... I'll take lots more at that rate! Geez |
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BKM
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September 21, 2013, 03:31:27 AM |
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Someone bought them before I could get the coins in there. I would have loved to lowered my cost basis.
How many do you want, and at what price? I'll take all you want to sell at .05 (you don't get if you don't ask ) |
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smracer
Donator
Legendary
Offline
Activity: 1055
Merit: 1020
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September 21, 2013, 03:33:15 AM |
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Someone bought them before I could get the coins in there. I would have loved to lowered my cost basis.
How many do you want, and at what price? I wanted those 100 shares at .11872902 |
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||bit
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September 21, 2013, 03:35:23 AM |
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Someone bought them before I could get the coins in there. I would have loved to lowered my cost basis.
How many do you want, and at what price? I wanted those 100 shares at .11872902 Is 0.15 too high? [tomorrows dividends should be close to 0.0019] |
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nwfella
Legendary
Offline
Activity: 1582
Merit: 1000
Well hello there!
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September 21, 2013, 03:46:24 AM |
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Someone bought them before I could get the coins in there. I would have loved to lowered my cost basis.
How many do you want, and at what price? I wanted those 100 shares at .11872902 Is 0.15 too high? [tomorrows dividends should be close to 0.0019] Sadly a wee bit to high for me ATM, was also hoping to get 1 of those at .1187 but my jally doesn't work so good no more (darn this difficulty stuff all to heck)...if you have any at that rate in another week or so though I'll be lookin you up :p |
¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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BKM
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September 21, 2013, 03:49:11 AM |
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Its a market reaction to the ACM issues today along with the hash rate showing as dropping on the LRM web site which has now been fixed. Zachary is on it and we have split between pools as is now stated on the LRM site
When you combine this with the low liquidity I think you have the answer. Personally I think the lower number of shares and investors is a good thing for those that hold long positions as the bonds play at below market currently. Once LRM reaches its stated objectives then the liquidity will rise and he can float the balance of the 50,000 for additional equipment for expansion.
Also, the hard ware side of the business is in a huge state of flux right now with so many players buried in gen 1 or 2 chips above the current benchmark of $3 per GH set by Cointerra. Too many variables to call the market now.
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bigasic
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September 21, 2013, 04:19:21 AM |
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Its a market reaction to the ACM issues today along with the hash rate showing as dropping on the LRM web site which has now been fixed. Zachary is on it and we have split between pools as is now stated on the LRM site
When you combine this with the low liquidity I think you have the answer. Personally I think the lower number of shares and investors is a good thing for those that hold long positions as the bonds play at below market currently. Once LRM reaches its stated objectives then the liquidity will rise and he can float the balance of the 50,000 for additional equipment for expansion.
Also, the hard ware side of the business is in a huge state of flux right now with so many players buried in gen 1 or 2 chips above the current benchmark of $3 per GH set by Cointerra. Too many variables to call the market now.
Yea, with labcoin, ACM, etc has put a bad taste of mining companies in a lot of mouths... If anyone is interested, ill be selling a limited amount of my holding tomorrow after dividends are paid. PM me with an offer. I wont be selling too much because I have faith that in a few weeks we will all be wishing we had purchased more, but ive got to put food on the table now, if you get my drift....and no, it wont go for .11 a share, lol, im starving but not stupid, lol... |
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KonstantinosM
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September 21, 2013, 05:11:07 AM |
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wow, I'm the sucker that bought at .15 BTC just a moment ago  . Anyway, if anyone is selling 0.11 I'm more than willing to buy! |
Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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M31
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September 21, 2013, 05:51:14 AM |
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Damn!!!! I wasn't home to make the buy at .11! Oh, and damn!!!! I have no BTC until morning... Anyway: Expect a big payday tomorrow, and possibly even more good news. Was in touch with LR earlier, and he let me know that the dynamic updating for the Hashrate at his site may have been watched by too many people simultaneously (I was having trouble viewing it for most of the day so may have been one of the guilty!) thus causing some issues. He turned it off because the owner of the pool he's been mining in has been doing pool updates/upgrades and it's causing instability. The miners kept kicking over to other pools and it made the Hashrate look bad even though it wasn't. Looking forward to another great dividend day  |
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stereotype
Legendary
Offline
Activity: 1554
Merit: 1000
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September 21, 2013, 08:30:58 AM |
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Someone bought them before I could get the coins in there. I would have loved to lowered my cost basis.
How many do you want, and at what price? I wanted those 100 shares at .11872902 Is 0.15 too high? [tomorrows dividends should be close to 0.0019] Im getting ~0.00198 per share also, based on 3days@ 3.75TH + 4days@ 4.60TH, and divided into 50,000 shares. Bought @ 0.15 = 1.32% weekly return Its not bad, but im not personally excited by it yet. Incidentally, whoever got that 0.118 fill, will return 1.67% |
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fractal02
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September 21, 2013, 10:28:49 AM |
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Where is the news LabRat !? I think a lot of people sell for harware. At the moment 1 bond = 58 mh/s...not so attractive... Even an Asicminer USB miner is 0.125 BTC for 333 mh/s Until the hashrate bonds jump, price will be low...even lower than 0.11... |
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mmmerlin
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September 21, 2013, 12:05:25 PM |
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Wow, someone has listed their shares for .11 maybe its someone that wants to bring the price down or someone that got the bonds lower.. either way, thats not good, but I have faith...When the hashrate starts to go up, I believe so will the price of the bonds..
Interesting controversy about Activemining today and what is the result - cheap LRM bonds.... I think Zachary is working his plan and well capitalized to secure the required hashing power. Undoubtedly the gear is hashing away and the reporting is not accurate..... Off to shop for more! Oooh, interesting. Do you/anyone have a link to the AMC controversy? Or even just a one line summary?  |
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