-

[mufa23]

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?

Correct.

[Lab_Rat]

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?

Yes this is correct. And the amount of funds that come in are not a linear increase from previous bond sales.  Every coin pulled in right now means massive growth for the company in the coming months.

If these available bonds sell we will see hundreds of TH from the BitFury deal alone and that's not including the ASIC project we're getting in on.  The more that sell the better it is for everyone and there's been quite a few takers so far.

[contactmike1]

What is the ideal, target timetable to move the bonds?

[Lab_Rat]

What is the ideal, target timetable to move the bonds?

Ideal in Bitcoin world is always yesterday, but a reasonable time-frame would be 2-3 weeks.

[John122]

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.

Awesome!! Thanks for your hard work LabRat! 

[maqifrnswa]

What is the ideal, target timetable to move the bonds?

Ideal in Bitcoin world is always yesterday, but a reasonable time-frame would be 2-3 weeks.

Arbitrage alert for LR:

You just created the hedge fund manager's dream and can make free money:
People are buying directly from you (no fee) for 0.1. On the market 664 bonds at less than 0.1.

Every time someone buys from your directly, you can turn around and buy on the market (no fee since you can authorize that). In the end you're getting free donations in exchange for nothing. It's only $7k, but it's a free $7k.

[MrTeal]

I thought the direct from LR shares were 0.065?

[maqifrnswa]

I thought the direct from LR shares were 0.065?

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.

[MrTeal]

I thought the direct from LR shares were 0.065?

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.

Yeah, I guess the lower price lasted 3 hours.

Yes, just contact me.  The current price for bonds directly from Lab_Rat is 0.065BTC each.  Purchase will be treated in largely the same way as a transaction in the share trading thread, except there will be no seller. 


grnbrg.

[grnbrg]

How is possible to sell shares at 0.1 while there are ask at 0.09 and 0.095?? I suppose someone contact directly with Lab_Rat, but to be fair at a normal market the ask of maqifrnswa and woeliewoelie should be executed before.

Regards

I've been telling people who ask that there are cheaper shares in the trading thread.  Some people just don't want to bother, I guess.  Weird.


grnbrg.

[grnbrg]

I thought the direct from LR shares were 0.065?

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.

Yeah, I guess the lower price lasted 3 hours.

Yes, just contact me.  The current price for bonds directly from Lab_Rat is 0.065BTC each.  Purchase will be treated in largely the same way as a transaction in the share trading thread, except there will be no seller. 


grnbrg.

Heh.  Two people asked to buy in those 3 hours, and since they were small (totalling 11 bonds) and the posting of 0.065BTC could be considered in error and that there were no other comparable asks, I filled those buys out of my own holdings.


grnbrg.

[CumpsD]

I thought the direct from LR shares were 0.065?

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.

Yeah, I guess the lower price lasted 3 hours.

Yes, just contact me.  The current price for bonds directly from Lab_Rat is 0.065BTC each.  Purchase will be treated in largely the same way as a transaction in the share trading thread, except there will be no seller. 


grnbrg.

Heh.  Two people asked to buy in those 3 hours, and since they were small (totalling 11 bonds) and the posting of 0.065BTC could be considered in error and that there were no other comparable asks, I filled those buys out of my own holdings.


grnbrg.

I was one of those, and I thank grnbrg for doing this

[Jeffrey]

I thought the direct from LR shares were 0.065?

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.

Yeah, I guess the lower price lasted 3 hours.

Yes, just contact me.  The current price for bonds directly from Lab_Rat is 0.065BTC each.  Purchase will be treated in largely the same way as a transaction in the share trading thread, except there will be no seller. 


grnbrg.

Heh.  Two people asked to buy in those 3 hours, and since they were small (totalling 11 bonds) and the posting of 0.065BTC could be considered in error and that there were no other comparable asks, I filled those buys out of my own holdings.


grnbrg.

I was one of those, and I thank grnbrg for doing this

Me to, thanks, hero

[goddardnet]

Interesting...

BitFunder balance transferred to WeExchange yesterday as promised?

[Bargraphics]

Interesting...

BitFunder balance transferred to WeExchange yesterday as promised?

Looks like it,

Now the real trick is getting that btc into your wallet

[goddardnet]

Hmmm.....

Tried that earlier but reports 'Unable to connect to 2nd stage server'
 

[goddardnet]

...raised a ticket - we shall see

[pascal257]

...raised a ticket - we shall see

https://bitcointalk.org/index.php?topic=337523.0

[grnbrg]

A treat from Lab_Rat:  A couple of pictures from the (nearly complete) new datacentre...







grnbrg.

PS:  No EXIF for you!

[fractal02]

Nice ! 

Waiting now for the same pics fully loaded with hardware