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[ICantThinkOfaName]

DISCLAIMER:  I suck at math.

Edit added effective hashrate for the last two weeks.

  Date                  Dividend/Share
25-Jan-2014      Overpayment day
01-Feb-2014      0.00040567
08-Feb-2014      0.00043432
15-Feb-2014      0.00043547
22-Feb-2014      0.00024280
01-Mar-2014      0.00036032
08-Mar-2014      0.00025698
       Contract Split                 If Bonds hadn't split  Effective hashrate per bond  Increase/Decrease
15-Mar-2014      0.00009648     0.00028944
22-Mar-2014      0.00008908     0.00026725
29-Mar-2014      0.00007614     0.00022843
05-Apr-2014      0.00007495     0.00022486
12-Apr-2014      0.00005861     0.00017583
19-Apr-2014      0.00005671     0.00017012
26-Apr-2014      0.00004973     0.00014920
03-May-2014      0.00004359     0.00013076
  Accepted New Contract
10-May-2014      0.00066619     0.00199856            ~1675 MH/s                       ~15.28x increase
17-May-2014      0.00029192     0.00087575            ~734.1 MH/s                      ~56.18% decrease

[1714799972]

1714799972

[1714799972]

1714799972

[Lab_Rat]

BTC: 6.6707388
Per Contract: 0.00003782

Bonus: 27.501341
Per Contract: 0.00025410

Thank's LabRat.

Any news to share with us ? 

Not yet... A few things I'm waiting on and I'll have some news.

[btcrealm]

BTC: 6.6707388
Per Contract: 0.00003782

Bonus: 27.501341
Per Contract: 0.00025410

BTC: 6.6707388
Per Contract: 0.00003782

Bonus: 27.501341
Per Contract: 0.00025410

Thank's LabRat.

Any news to share with us ? 

Not yet... A few things I'm waiting on and I'll have some news.

Thanks for coming out and saying hi.  Hows everything going with you?

Lab_Rat and grnbrg funny you both have 350 activity count:
http://thedarkrealms.com/images/temp-stuff/temp/btc/lab_rat-grnbrg_forum_post.png

[Lab_Rat]

BTC: 6.6707388
Per Contract: 0.00003782

Bonus: 27.501341
Per Contract: 0.00025410

BTC: 6.6707388
Per Contract: 0.00003782

Bonus: 27.501341
Per Contract: 0.00025410

Thank's LabRat.

Any news to share with us ? 

Not yet... A few things I'm waiting on and I'll have some news.

Thanks for coming out and saying hi.  Hows everything going with you?

Lab_Rat and grnbrg funny you both have 350 activity count:
http://thedarkrealms.com/images/temp-stuff/temp/btc/lab_rat-grnbrg_forum_post.png

Got a lot going on right now, but I have a feeling things will be getting much better over the next couple weeks.  Got a lot going on next week that I'll fill everyone in on toward the end of the week or on div day, then grnbrg is coming out for a visit the week after.

[grnbrg]

then grnbrg is coming out for a visit the week after.

Do I get to see the yacht?  And the classic cars?



grnbrg.

[Lab_Rat]

then grnbrg is coming out for a visit the week after.

Do I get to see the yacht?  And the classic cars?



grnbrg.

And the yacht with the garage on it for my classic cars 

[LostDutchman]

then grnbrg is coming out for a visit the week after.

Do I get to see the yacht?  And the classic cars?



grnbrg.

And the yacht with the garage on it for my classic cars 

Got a Duesy?

[mOomOo]

I'm not sure if anyone has posted where we are at in terms of how far we are in the red.  But this is what I just worked out.  (Please correct me if my math is out, or I have received significantly different amounts to other users)   (I don't recall if I purchased all in one transaction pre-hashing time, or if I purchased a few more after hashing started so if I have received slightly less then this could be the reason why).

I have a massive 28 bonds / shares pre-split (84 post split).   So far they have generated me 0.502283 bitcoins.  Which works out to be 0.017939 per share.
I paid 0.15 per share so from what I can tell I have received just over 10% of my initial investment.  Now this would be a great return if we could cash out at or about the same amount for what we paid for them.  However with shares worth sweet FA there is along way to go to get into the black...

Labrat are you able to explain the large difference between the "Bonus" paid out last week compared to the most recent one?

[sparky999]

Two week old bonus was accumulated over multiple weeks whilst the new contract was being drawn up.

Last weeks bonus was just accumulated over a week.

Last weeks bonus 'in theory' should be more representative of the bonus payment going forward after  accounting for any change in difficulty.

[well.attenuated]

Are fresh contracts being sold yet or are they still only available in the trading thread? If so what is the current asking price / 100mH from LabRat?

EDIT: changed wording to contracts

[grnbrg]

Are fresh contracts being sold yet or are they still only available in the trading thread? If so what is the current asking price / 100mH from LabRat?

EDIT: changed wording to contracts

If for some reason you wanted to buy direct from LRM, I can certainly get a price for you.  It is highly unlikely to be better than the price you can get in the trading thread, though.  The current lowest selling price there is 0.006BTC per 100MH/s contract.



grnbrg.

[maqifrnswa]

Are fresh contracts being sold yet or are they still only available in the trading thread? If so what is the current asking price / 100mH from LabRat?

EDIT: changed wording to contracts

If for some reason you wanted to buy direct from LRM, I can certainly get a price for you.  It is highly unlikely to be better than the price you can get in the trading thread, though.  The current lowest selling price there is 0.006BTC per 100MH/s contract.



grnbrg.

If this is true, labrat should be using LRM funds to buy existing contracts. What you just said means that it is more expensive to go buy new hashrate than it is for LRM to consolidate existing hashrate. However, since Zach gets paid based on total hashrate (and not on share price), it's in his best interest to buy more hardware although it is in LRM's best interest to buy up cheap shares.

Such a conflict of interest is usually managed by the board of directors (company officers have a duty to what's best for the company, and if they do not they are personally liable and sometimes got to jail). However, LRM is set up in such a way that he's protected, and if a conflict like this comes up he wins and investors lose.

I don't think he understands this, probably not even worth discussing except to point out the conflict of interest and illustrate a bad decision (preordering hashrate for more money than it would cost to buy existing hashrate from your own company).

[MaxwellsDemon]

Are fresh contracts being sold yet or are they still only available in the trading thread? If so what is the current asking price / 100mH from LabRat?

EDIT: changed wording to contracts

If for some reason you wanted to buy direct from LRM, I can certainly get a price for you.  It is highly unlikely to be better than the price you can get in the trading thread, though.  The current lowest selling price there is 0.006BTC per 100MH/s contract.



grnbrg.

If this is true, labrat should be using LRM funds to buy existing contracts. What you just said means that it is more expensive to go buy new hashrate than it is for LRM to consolidate existing hashrate.

This is a good point, but it assumes that the price Labrat charges for issuing new 100 MH/s contracts is identical to what it costs him to buy 100 MH/s worth of hardware. He could be overcharging when issuing new contracts, which could actually be good for existing contract holders.

[VinceSamios]

Are fresh contracts being sold yet or are they still only available in the trading thread? If so what is the current asking price / 100mH from LabRat?

EDIT: changed wording to contracts

If for some reason you wanted to buy direct from LRM, I can certainly get a price for you.  It is highly unlikely to be better than the price you can get in the trading thread, though.  The current lowest selling price there is 0.006BTC per 100MH/s contract.



grnbrg.

If this is true, labrat should be using LRM funds to buy existing contracts. What you just said means that it is more expensive to go buy new hashrate than it is for LRM to consolidate existing hashrate.

This is a good point, but it assumes that the price Labrat charges for issuing new 100 MH/s contracts is identical to what it costs him to buy 100 MH/s worth of hardware. He could be overcharging when issuing new contracts, which could actually be good for existing contract holders.

dudes this is clearly what is happening...

Contracts are selling for £30/gh, LabRat can buy hardware probably under $1/gh at this point. The bonds are priced as they are because that is what the market has decided is a fair price based on the bonuses that have been paid.

[maqifrnswa]

Are fresh contracts being sold yet or are they still only available in the trading thread? If so what is the current asking price / 100mH from LabRat?

EDIT: changed wording to contracts

If for some reason you wanted to buy direct from LRM, I can certainly get a price for you.  It is highly unlikely to be better than the price you can get in the trading thread, though.  The current lowest selling price there is 0.006BTC per 100MH/s contract.



grnbrg.

If this is true, labrat should be using LRM funds to buy existing contracts. What you just said means that it is more expensive to go buy new hashrate than it is for LRM to consolidate existing hashrate.

This is a good point, but it assumes that the price Labrat charges for issuing new 100 MH/s contracts is identical to what it costs him to buy 100 MH/s worth of hardware. He could be overcharging when issuing new contracts, which could actually be good for existing contract holders.

dudes this is clearly what is happening...

Contracts are selling for £30/gh, LabRat can buy hardware probably under $1/gh at this point. The bonds are priced as they are because that is what the market has decided is a fair price based on the bonuses that have been paid.

Vince is exactly correct, which is more evidence for my point that LRM should NOT sell shares above market value if they actually want to sell contracts.

Offering contracts above market is a bad business decision and shows zach did not learn from his mistake the last time he tried it. I have no problem with bonds being valued at what they are valued, and it is possible LRM can buy at $1/gh/s. He still should not offer contracts for sale above market value because no rational investor will buy them for two reasons:
(1) As MaxwellsDemon pointed out, the marginal gain in equity (buying power, whatever) from an investor purchasing shares over market is diluted by the outstanding shares, so the purchaser is basically donating money to the other shareholders. Why would I do that when I can get the exact same thing from buying on the open market and not give money to other shareholders? Also, Vince pointed out that LR can buy hardware for cheap, so LRM does not need to price contracts above market rates in order to purchase hardware. Offering at market minus 10% will sell significantly more shares than market + 10%, and raise more money for purchasing hardware than market plus 10%. (in theory, infinitely more money)

(2) nothing in the sales contract says that premiums from sale go to new hardware for contract holders, it's possible that it's pure profit, or buys hardware for LR himself. Cheaper, existing contracts, are "safer" than possibly throwing money away into a blackhole. That's another reason why LR has to offer below market.


This is a simple, no brainer, basic securities management concept. Of course this also assumes rational investors, but bitcoin investors don't always follow rationality. A few fools [1] will purchase above market value, but not enough to make a difference.

[1] http://swombat.com/2013/7/22/friends-family-fools see the section on "fools." sounds familiar?

[grnbrg]

And this is why answering even simple questions tends to be an exercise in beating one's head against the wall.

The short version is that (to my knowledge) LRM is not actively selling "new" contracts.  When people have asked about buying, I have pointed them at the trading thread.  If a buyer insisted on buying directly from LRM, I'm reasonably sure that Zach would accommodate, but less certain about price.  My guess is that he would ask slightly above market ask, so as not to disturb things.  If it was a significant purchase, perhaps somewhat below market ask.  The last time (in December) that contracts were offered, they were priced at about 10% above the current market rate.

So again.  If you want to buy direct from LRM, let me know, and I will get a price for you.


grnbrg.

[ICantThinkOfaName]

Anyone have divs per bond for 09/07/13  and 09/21/13?

[grnbrg]

Anyone have divs per bond for 09/07/13  and 09/21/13?

Wooo, and they're in!

Up from ฿0.00066604 last week to ฿0.00080680. 

Shares     50,000   
Price per  ฿0.00191274   
Total        ฿95.63700000

grnbrg.

[SimonBelmond]

Anyone have divs per bond for 09/07/13  and 09/21/13?

Are you going to post an updated list for all divs since IPO?

[grnbrg]

Anyone have divs per bond for 09/07/13  and 09/21/13?

This might be of interest as well:  http://www.grnbrg.org/bitfunder-assetlist/assetlist-2013-09-28-18:00.txt

It's later than you were asking about, but it's the earliest copy of the bitfunder assetlist that I've got.



grnbrg.