-

[fractal02]

Transparency would be nice, but dividends as a measure of transparency is no better than the periodic "interest" received from a ponzi scheme. Personally, I think Labrat should point all of the hashing power at BTC Guild, and enable the namecoin mining option in their pool.  It would allow investors to track the rate, and add an extra 2%-3% return OVER what would otherwise be generated. LRM needs all it can get at this point. It would be nicer to have a pool that has merged mining and zero pool fee's.

Regarding LRM's growth plan:
Some seem to think future bonds sales are a way to achieve sustainability. Personally, I loathe the idea that growth would depend on future bond sales. That would be more like a ponzi scheme than any self-sustaining business model. So, it appears the two week dividend cuts for new hardware will need to happen for all future hardware received. Otherwise LRM would shrivel up like a raisin, or depend on future bond sales.

Some clarity for investors, and I hate to have to say this, but the two weeks of mining with no dividends will not necessarily place LRM in a more advantageous position than was already estimated for this year on the LRM website. The best chance, as far as I see, to beat the prior estimations is to actually receive Monarchs before the end of the year, OR to sell out of that Monarch order and purchase Bitfury hardware (asap).

For those that agree the Monarchs are not a good thing to wait for... Send messages directly to Labrat to ask that selling the Monarch order be one of the top priorities.

Have you contacted LabRat about the plan and details about it ?
If not...all speculation here.

[1715057005]

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[1715057005]

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[Ashitank]

Transparency would be nice, but dividends as a measure of transparency is no better than the periodic "interest" received from a ponzi scheme. Personally, I think Labrat should point all of the hashing power at BTC Guild, and enable the namecoin mining option in their pool.  It would allow investors to track the rate, and add an extra 2%-3% return OVER what would otherwise be generated. LRM needs all it can get at this point. It would be nicer to have a pool that has merged mining and zero pool fee's.

Regarding LRM's growth plan:
Some seem to think future bonds sales are a way to achieve sustainability. Personally, I loathe the idea that growth would depend on future bond sales. That would be more like a ponzi scheme than any self-sustaining business model. So, it appears the two week dividend cuts for new hardware will need to happen for all future hardware received. Otherwise LRM would shrivel up like a raisin, or depend on future bond sales.

Some clarity for investors, and I hate to have to say this, but the two weeks of mining with no dividends will not necessarily place LRM in a more advantageous position than was already estimated for this year on the LRM website. The best chance, as far as I see, to beat the prior estimations is to actually receive Monarchs before the end of the year, OR to sell out of that Monarch order and purchase Bitfury hardware (asap).

For those that agree the Monarchs are not a good thing to wait for... Send messages directly to Labrat to ask that selling the Monarch order be one of the top priorities.

Have you contacted LabRat about the plan and details about it ?
If not...all speculation here.

Yeah I think there is some misunderstanding with regards to whether dividends from every batch of new mining gear are used for future funds or is it only for october Bitfury gear only  , as i understand this arrangement is for October delivery of Bitfury gear only.

[||bit]

Transparency would be nice, but dividends as a measure of transparency is no better than the periodic "interest" received from a ponzi scheme. Personally, I think Labrat should point all of the hashing power at BTC Guild, and enable the namecoin mining option in their pool.  It would allow investors to track the rate, and add an extra 2%-3% return OVER what would otherwise be generated. LRM needs all it can get at this point. It would be nicer to have a pool that has merged mining and zero pool fee's.

Regarding LRM's growth plan:
Some seem to think future bonds sales are a way to achieve sustainability. Personally, I loathe the idea that growth would depend on future bond sales. That would be more like a ponzi scheme than any self-sustaining business model. So, it appears the two week dividend cuts for new hardware will need to happen for all future hardware received. Otherwise LRM would shrivel up like a raisin, or depend on future bond sales.

Some clarity for investors, and I hate to have to say this, but the two weeks of mining with no dividends will not necessarily place LRM in a more advantageous position than was already estimated for this year on the LRM website. The best chance, as far as I see, to beat the prior estimations is to actually receive Monarchs before the end of the year, OR to sell out of that Monarch order and purchase Bitfury hardware (asap).

For those that agree the Monarchs are not a good thing to wait for... Send messages directly to Labrat to ask that selling the Monarch order be one of the top priorities.

Have you contacted LabRat about the plan and details about it ?
If not...all speculation here.

So, you're claim is that everything I wrote requires a prior conversation with Labrat in order to not be speculation? Well, it simply doesn't follow. Most of what I wrote was either an opinion or observation. There might be a speculative facet to one or two things I commented upon, but certainly not all.  So, try being more specific.

[||bit]

Transparency would be nice, but dividends as a measure of transparency is no better than the periodic "interest" received from a ponzi scheme. Personally, I think Labrat should point all of the hashing power at BTC Guild, and enable the namecoin mining option in their pool.  It would allow investors to track the rate, and add an extra 2%-3% return OVER what would otherwise be generated. LRM needs all it can get at this point. It would be nicer to have a pool that has merged mining and zero pool fee's.

Regarding LRM's growth plan:
Some seem to think future bonds sales are a way to achieve sustainability. Personally, I loathe the idea that growth would depend on future bond sales. That would be more like a ponzi scheme than any self-sustaining business model. So, it appears the two week dividend cuts for new hardware will need to happen for all future hardware received. Otherwise LRM would shrivel up like a raisin, or depend on future bond sales.

Some clarity for investors, and I hate to have to say this, but the two weeks of mining with no dividends will not necessarily place LRM in a more advantageous position than was already estimated for this year on the LRM website. The best chance, as far as I see, to beat the prior estimations is to actually receive Monarchs before the end of the year, OR to sell out of that Monarch order and purchase Bitfury hardware (asap).

For those that agree the Monarchs are not a good thing to wait for... Send messages directly to Labrat to ask that selling the Monarch order be one of the top priorities.

Have you contacted LabRat about the plan and details about it ?
If not...all speculation here.

Yeah I think there is some misunderstanding with regards to whether dividends from every batch of new mining gear are used for future funds or is it only for october Bitfury gear only  , as i understand this arrangement is for October delivery of Bitfury gear only.

I don't mean to imply that Labrat intended to do this with all newly acquired hardware. I was commenting my view that it should be done, at least some, to help the company self-sustain. Let's assume realistically that he takes out ~10% for electrical costs + his fee from the 25% slice of all mining. Would a 15% re-investment be enough to overpower difficulty long term? It doesn't' seem like it would work well short term if there are far out shipping times. Sure, difficulty will slow down eventually - perhaps to a linear incline or maybe even average out flat - but it will also pop up it's head again eventually (if you use history). It sucks for dividends, but this is why the two week dividend re-allocation for new hardware should be done, imo. Perhaps, not always, but at least in certain times. But Labrat at least has his reasons for doing it now. I could be wrong, but it doesn't seem like it can work out without more re-investment. A good mathematical model showing this would be nice to see, but it would probably be difficult to factor in some of the several uncertain variables.

[Ashitank]

I understand your point , I think depending on the need justified , whole LRM community will have to make collective decision as & when need for such action arrives. 

[DemocraticRepublicOfDave]

Hi all,

I have a question concerning BitFunder. I seem to remember a post somewhere which talked about what happens if bitfunder closed down (something about LabRat having an audit trail of email + number of shares).

Can some one point me to this information?  This is the one thing that is stopping me from investing further.

Cheers

Democratic Republic Of Dave.

[rustyh17]

Hi all,

I have a question concerning BitFunder. I seem to remember a post somewhere which talked about what happens if bitfunder closed down (something about LabRat having an audit trail of email + number of shares).

Can some one point me to this information?  This is the one thing that is stopping me from investing further.

Cheers

Democratic Republic Of Dave.

Dave,

https://bitfunder.com/assetlist

This URL shows every bitfunder asset with the associated BTC address of the owner. LabRat will
always know exactly who owns what in his fund.

Thanks,

Rustyh17

[rustyh17]

...

...

...

I don't mean to imply that Labrat intended to do this with all newly acquired hardware. I was commenting my view that it should be done, at least some, to help the company self-sustain. Let's assume realistically that he takes out ~10% for electrical costs + his fee from the 25% slice of all mining. Would a 15% re-investment be enough to overpower difficulty long term? It doesn't' seem like it would work well short term if there are far out shipping times. Sure, difficulty will slow down eventually - perhaps to a linear incline or maybe even average out flat - but it will also pop up it's head again eventually (if you use history). It sucks for dividends, but this is why the two week dividend re-allocation for new hardware should be done, imo. Perhaps, not always, but at least in certain times. But Labrat at least has his reasons for doing it now. I could be wrong, but it doesn't seem like it can work out without more re-investment. A good mathematical model showing this would be nice to see, but it would probably be difficult to factor in some of the several uncertain variables.

LabRat has indicated that the 2 weeks of dividends will buy much more hardware than the difficulty erosion. In my opinion, when he runs across available hardware that will (for the price of 2 week's worth of BTC dividends) overcome the difficulty increase, electrical cost, and management fee, he should pull the trigger! His bulk buying power affords LRM the opportunity to buy hardware at a very aggressive price. That hardware availability is almost never linear. It happens in fits and spurts. He may need to plunk down $100K or more at one time. The dividends taken each week drains the fuel tank. Sometimes, LRM will need to ask for a deference of dividends in order to have cash on hand. As long as LRM is transparent about this process and as long as LRM shows both need and expected benefit, I am all for it. LRM essentially has to keep ahead of the difficulty increase longer than the competition. LRM will do that with aggressive hardware purchases, low operating costs, and plenty of good faith. My only request is that LRM demonstrate good faith by being as transparent as possible. Transparency will provide more investors, liquidity, bond value, and long term stability. Transparency regarding online hash rate would be a great start. This alone will show most skeptics that LRM is not a Ponzi.

[mmmerlin]

...

...

...

I don't mean to imply that Labrat intended to do this with all newly acquired hardware. I was commenting my view that it should be done, at least some, to help the company self-sustain. Let's assume realistically that he takes out ~10% for electrical costs + his fee from the 25% slice of all mining. Would a 15% re-investment be enough to overpower difficulty long term? It doesn't' seem like it would work well short term if there are far out shipping times. Sure, difficulty will slow down eventually - perhaps to a linear incline or maybe even average out flat - but it will also pop up it's head again eventually (if you use history). It sucks for dividends, but this is why the two week dividend re-allocation for new hardware should be done, imo. Perhaps, not always, but at least in certain times. But Labrat at least has his reasons for doing it now. I could be wrong, but it doesn't seem like it can work out without more re-investment. A good mathematical model showing this would be nice to see, but it would probably be difficult to factor in some of the several uncertain variables.

LabRat has indicated that the 2 weeks of dividends will buy much more hardware than the difficulty erosion. In my opinion, when he runs across available hardware that will (for the price of 2 week's worth of BTC dividends) overcome the difficulty increase, electrical cost, and management fee, he should pull the trigger! His bulk buying power affords LRM the opportunity to buy hardware at a very aggressive price. That hardware availability is almost never linear. It happens in fits and spurts. He may need to plunk down $100K or more at one time. The dividends taken each week drains the fuel tank. Sometimes, LRM will need to ask for a deference of dividends in order to have cash on hand. As long as LRM is transparent about this process and as long as LRM shows both need and expected benefit, I am all for it. LRM essentially has to keep ahead of the difficulty increase longer than the competition. LRM will do that with aggressive hardware purchases, low operating costs, and plenty of good faith. My only request is that LRM demonstrate good faith by being as transparent as possible. Transparency will provide more investors, liquidity, bond value, and long term stability. Transparency regarding online hash rate would be a great start. This alone will show most skeptics that LRM is not a Ponzi.

+many!

[PoUpA]

As a little share owner (~40 shares  ) it's ok for me to have the dividends "stabilized" for 2 weeks if it bring more hashpower at the end.
And btw I would like to thanks LabRat because he is doing the things well, little bit more "homebrew" compared to "big IPO". But he gives updates, answer to questions and mostly he is hashing and paying dividends Ok it's not that much yet ( in comparaison for 1 share you got the hashpower of a decent computer for now but not with a great gpu) but it doesn't cost electricity and it will grow.

[bigasic]

Transparency is key.... In regards to merged mining, a couple months ago, I was earning at least an extra 10 percent mining namecoins, but people have caught on, now you are lucky to get 3 percent, but at least it will pay for your mining fees that btc guild charges..So, its probably a good idea to mine if your at a pool that charges, but if not, I wouldn't worry too much about merged mining... At least if we are mining at btc-guild, we should break even on the fees that they charge, maybe make a tiny tiny bit, if we are lucky.. but the main thing is making enough extra to pay for the pool fees, which we should be doing at btc-guild...

[DemocraticRepublicOfDave]

Hi all,

I have a question concerning BitFunder. I seem to remember a post somewhere which talked about what happens if bitfunder closed down (something about LabRat having an audit trail of email + number of shares).

Can some one point me to this information?  This is the one thing that is stopping me from investing further.

Cheers

Democratic Republic Of Dave.

Dave,

https://bitfunder.com/assetlist

This URL shows every bitfunder asset with the associated BTC address of the owner. LabRat will
always know exactly who owns what in his fund.

Thanks,

Rustyh17

Hi Rustyh17,

got it - Thanks.

Dave

[Lab_Rat]

Updating the website.  Got a few updates on the homepage and updating the current hashrate page right now.

~5.15TH/s right now.

Dividends will continue to be paid out. You will see dividends on the hashrate currently in hand no matter what, but when the BitFury equipment comes in. That hashrate will be pointed separately and those funds will be used to purchase further hardware. You will not see a stop in dividends, just no increase for ~2 weeks from the time I receive the BitFury equipment (which should be soon).

[M31]

Thanks for the update Lab_Rat!

[mmmerlin]

Updating the website.  Got a few updates on the homepage and updating the current hashrate page right now.

~5.15TH/s right now.

Dividends will continue to be paid out. You will see dividends on the hashrate currently in hand no matter what, but when the BitFury equipment comes in. That hashrate will be pointed separately and those funds will be used to purchase further hardware. You will not see a stop in dividends, just no increase for ~2 weeks from the time I receive the BitFury equipment (which should be soon).

That's a nice little extra bump. Is that the last expected until the BitFury gear arrives?

[||bit]

Difficulty increased by 125% in the past 30 days.

[BKM]

Difficulty increased by 125% in the past 30 days.

Not sure what your point is by stating an obvious fact..... At least also illustrate a relevant comparison with the correlating increase in LRM hash rate in the last 30 days

[a2offrb]

Difficulty increased by 125% in the past 30 days.

Increase is only 71%. Do your homework.

[bigasic]

the last couple difficulty changes were minor compared to the changes that will be coming our way.. get ready for huge difficulty increases, at least til the end of winter/spring... then it may level off, but who knows.. I have faith in LR...

[bittymitty]

 don't worry summer is coming after that