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Lab_Rat (OP)
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December 04, 2013, 04:11:48 PM |
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Yes, I failed to discuss this with grnbrg before making the announcement I was looking to offload a few more bonds.
Current outstanding bonds: 57108
With this addition of 7892 bonds it will bring the total issued to 65000.
The reasons behind me issuing extra bonds, I've been wanting to release to the public for quite some time. I can give limited details on them, but I'm hoping it's enough for now. There is a very large deal with BitFury in the works as we speak that will add an enormous amount of guaranteed equipment to LRM, but this is only to hold us over for the really big news. LRM is in the process of getting involved in an ASIC project that started months back. The project has made it past every test, the only thing that was needed was a little extra funding. This is something LRM could offer in return for at cost hardware as a result of partial ownership of the company.
This means that LRM should easily cruise past the 100TH club and into the PH range with minimal effort as long as a little extra funding is made available. At this point selling these extra bonds isn't required to keep the company running, but I'm sure that all of the bondholders want to see this company flourish just as much as I do. I promised everyone 100MH/s per bond, but what sounds way better than that is 10 or even 100GH/s per bond, which is not out of reach with our own chip.
I'm going to be offering these bonds at what I consider to be a large discount for what I have planned and charge 0.1BTC per bond. If you are looking to purchase 500+ please contact me directly as I won't charge a fee for purchases, but I agree with grnbrg charging a fee in that this is not his job. He is offering a great service helping LRM out and taking very little for his time.
Thank you to everyone who has made it possible for LRM to be where it is today. I can assure you this is still just the beginning.
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Bargraphics
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December 04, 2013, 04:20:56 PM |
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This means that LRM should easily cruise past the 100TH club and into the PH range with minimal effort
Whoa!I promised everyone 100MH/s per bond, but what sounds way better than that is 10 or even 100GH/s per bond
Whoa!!I'm going to be offering these bonds at what I consider to be a large discount
Time to get some cheap shares  I can assure you this is still just the beginning.
Sounds like it!! |
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||bit
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December 04, 2013, 05:26:23 PM
Last edit: December 04, 2013, 05:39:57 PM by ||bit |
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[...] I can assure you this is still just the beginning.
I remember a military instructor telling me something like that once.... I didn't feel too good after that.  |
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ICantThinkOfaName
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December 04, 2013, 05:39:18 PM |
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Sometimes I feel like I'm never going to make my LRM investment back, other times I feel like I'm sitting with Steve Jobs in his garage in 1976...
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sparky999
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December 04, 2013, 05:49:28 PM |
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Sometimes I feel like I'm never going to make my LRM investment back, other times I feel like I'm sitting with Steve Jobs in his garage in 1976...
this |
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Lab_Rat (OP)
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December 04, 2013, 05:51:11 PM |
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Sometimes I feel like I'm never going to make my LRM investment back, other times I feel like I'm sitting with Steve Jobs in his garage in 1976...
this Can I quote you on this for the website? |
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fractal02
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December 04, 2013, 06:11:36 PM |
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Sometimes I feel like I'm never going to make my LRM investment back, other times I feel like I'm sitting with Steve Jobs in his garage in 1976...
Excellent !  |
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mufa23
Legendary
 Offline
Activity: 1022
Merit: 1001
I'd fight Gandhi.
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December 04, 2013, 06:32:16 PM |
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I have something very big in the works that would mean LRM is very sustainable. I can assure you of that.
Opening up a ASIC manufacturing company? LRM is in the process of getting involved in an ASIC project that started months back. The project has made it past every test, the only thing that was needed was a little extra funding. This is something LRM could offer in return for at cost hardware as a result of partial ownership of the company.
I called it!  (was very close at least)This is some very awesome news! |
Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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goddardnet
Newbie
Offline
Activity: 49
Merit: 0
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December 04, 2013, 06:33:33 PM |
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... Can a chunk be reserved for smaller (loyal) bond holders who don't have large amounts of BTC in reserve, otherwise the big fish make all of the gains in a selling storm?
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Lab_Rat (OP)
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December 04, 2013, 06:38:29 PM |
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... Can a chunk be reserved for smaller (loyal) bond holders who don't have large amounts of BTC in reserve, otherwise the big fish make all of the gains in a selling storm?
With the size of offering I'm making it's kind of first come first serve. So "Get em while they're hot!" |
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goddardnet
Newbie
Offline
Activity: 49
Merit: 0
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December 04, 2013, 06:41:37 PM |
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... or could every existing bond holder be awarded 5 - 10 new bonds which are paid for over the coming weeks/months dividends with the soon-to-be additional hashing power?
If this is the case then each bondholder will be paid up and back in dividends depending on the amount of existing bonds they hold?
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fractal02
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December 04, 2013, 06:51:51 PM |
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... or could every existing bond holder be awarded 5 - 10 new bonds which are paid for over the coming weeks/months dividends with the soon-to-be additional hashing power?
If this is the case then each bondholder will be paid up and back in dividends depending on the amount of existing bonds they hold?
With LabRat today announce...existing bond holders are already rewarded  All the news are pretty damn exciting ! |
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ICantThinkOfaName
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December 04, 2013, 07:38:25 PM |
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Sometimes I feel like I'm never going to make my LRM investment back, other times I feel like I'm sitting with Steve Jobs in his garage in 1976...
this Can I quote you on this for the website? LOL. Sure! |
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goddardnet
Newbie
Offline
Activity: 49
Merit: 0
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December 04, 2013, 07:50:16 PM |
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Do we buy through @grnbrgs trading link?
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grnbrg
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December 04, 2013, 07:56:37 PM |
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Do we buy through @grnbrgs trading link?
You can PM me (preferred, actually) or email me at grnbrg at grnbrg.org. grnbrg. |
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bittymitty
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December 04, 2013, 10:25:02 PM |
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Yes, I failed to discuss this with grnbrg before making the announcement I was looking to offload a few more bonds.
Current outstanding bonds: 57108
With this addition of 7892 bonds it will bring the total issued to 65000.
The reasons behind me issuing extra bonds, I've been wanting to release to the public for quite some time. I can give limited details on them, but I'm hoping it's enough for now. There is a very large deal with BitFury in the works as we speak that will add an enormous amount of guaranteed equipment to LRM, but this is only to hold us over for the really big news. LRM is in the process of getting involved in an ASIC project that started months back. The project has made it past every test, the only thing that was needed was a little extra funding. This is something LRM could offer in return for at cost hardware as a result of partial ownership of the company.
This means that LRM should easily cruise past the 100TH club and into the PH range with minimal effort as long as a little extra funding is made available. At this point selling these extra bonds isn't required to keep the company running, but I'm sure that all of the bondholders want to see this company flourish just as much as I do. I promised everyone 100MH/s per bond, but what sounds way better than that is 10 or even 100GH/s per bond, which is not out of reach with our own chip.
I'm going to be offering these bonds at what I consider to be a large discount for what I have planned and charge 0.1BTC per bond. If you are looking to purchase 500+ please contact me directly as I won't charge a fee for purchases, but I agree with grnbrg charging a fee in that this is not his job. He is offering a great service helping LRM out and taking very little for his time.
Thank you to everyone who has made it possible for LRM to be where it is today. I can assure you this is still just the beginning.
If LRM is buying into this asic company will LRM share profits or will the only benefit be chips at cost? |
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Lab_Rat (OP)
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December 05, 2013, 03:22:52 AM |
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Yes, I failed to discuss this with grnbrg before making the announcement I was looking to offload a few more bonds.
Current outstanding bonds: 57108
With this addition of 7892 bonds it will bring the total issued to 65000.
The reasons behind me issuing extra bonds, I've been wanting to release to the public for quite some time. I can give limited details on them, but I'm hoping it's enough for now. There is a very large deal with BitFury in the works as we speak that will add an enormous amount of guaranteed equipment to LRM, but this is only to hold us over for the really big news. LRM is in the process of getting involved in an ASIC project that started months back. The project has made it past every test, the only thing that was needed was a little extra funding. This is something LRM could offer in return for at cost hardware as a result of partial ownership of the company.
This means that LRM should easily cruise past the 100TH club and into the PH range with minimal effort as long as a little extra funding is made available. At this point selling these extra bonds isn't required to keep the company running, but I'm sure that all of the bondholders want to see this company flourish just as much as I do. I promised everyone 100MH/s per bond, but what sounds way better than that is 10 or even 100GH/s per bond, which is not out of reach with our own chip.
I'm going to be offering these bonds at what I consider to be a large discount for what I have planned and charge 0.1BTC per bond. If you are looking to purchase 500+ please contact me directly as I won't charge a fee for purchases, but I agree with grnbrg charging a fee in that this is not his job. He is offering a great service helping LRM out and taking very little for his time.
Thank you to everyone who has made it possible for LRM to be where it is today. I can assure you this is still just the beginning.
If LRM is buying into this asic company will LRM share profits or will the only benefit be chips at cost? Share profits. If we actually sell any hardware. |
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bittymitty
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December 05, 2013, 03:53:51 AM |
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What in time frame do you need to raise the funds by?
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Frankthechicken
Member
Offline
Activity: 112
Merit: 10
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December 05, 2013, 04:20:06 AM |
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Wow. Fairly blown away by the scale of the news. By all means, sell more bonds. Is this a go / no go sort of thing? As in, if the stated funding goal is not reached, it is a dead project? |
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Bargraphics
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December 05, 2013, 04:46:43 AM |
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Wow. Fairly blown away by the scale of the news. By all means, sell more bonds. Is this a go / no go sort of thing? As in, if the stated funding goal is not reached, it is a dead project? From what I understand based on his post, it looks like everything is a go. (Thank you two weeks of low dividends) but the more bonds we sell now will directly reflect the hashrate in the future as it takes time for orders to be fulfilled/wafers/etc... is this correct? |
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