-

[bobfranklin]

Have their been any updates regarding moving forward. I followed instructions in email and got confirmation I was confirmed. Is their a new site with details on or is it the same old site and updates and details can be found on it etc??

Here is the updated list which will show who has confirmed etc

https://docs.google.com/file/d/0Byur3uoeAOQnVkxQSlhsQ1laTTU1U000QktzdnZ3dUJNZ3g0/edit?usp=sharing

Out of the 377 Bondholders 202 (53.5%) of them have moved to the new contract.

Other than that - not too much.

[crazyearner]

Have their been any updates regarding moving forward. I followed instructions in email and got confirmation I was confirmed. Is their a new site with details on or is it the same old site and updates and details can be found on it etc??

Here is the updated list which will show who has confirmed etc

https://docs.google.com/file/d/0Byur3uoeAOQnVkxQSlhsQ1laTTU1U000QktzdnZ3dUJNZ3g0/edit?usp=sharing

Out of the 377 Bondholders 202 (53.5%) of them have moved to the new contract.

Other than that - not too much.

Well I know as much as being confirmed in that list and also seen in that doc you provided I am confirmed and also moved into new contracts. How big is each contract going to be as this is confusing and looking at it old is 300MH and new is 100MH per contract. What one does one get if moved over. Do I get new or old as it is not clearly outlined

Contemporaneous with the change from a varying rate payout to a set rate payout Lab_Rat will triple the amount of contracts held by all contract holders as of the date of March 8, 2014.  Therefore, for all current contract holders on their current contracts, the effective rate will be permanently set at 300 MH/s per contract.  All future contracts purchased will be at the new rate of 100MH/s.

Any way of getting a date added to our contracts starting date or bought and moved over and some info to tell ourselves what we are now getting and what we where original getting and now currently getting and in effect?

[bobfranklin]

Have their been any updates regarding moving forward. I followed instructions in email and got confirmation I was confirmed. Is their a new site with details on or is it the same old site and updates and details can be found on it etc??

Here is the updated list which will show who has confirmed etc

https://docs.google.com/file/d/0Byur3uoeAOQnVkxQSlhsQ1laTTU1U000QktzdnZ3dUJNZ3g0/edit?usp=sharing

Out of the 377 Bondholders 202 (53.5%) of them have moved to the new contract.

Other than that - not too much.

Well I know as much as being confirmed in that list and also seen in that doc you provided I am confirmed and also moved into new contracts. How big is each contract going to be as this is confusing and looking at it old is 300MH and new is 100MH per contract. What one does one get if moved over. Do I get new or old as it is not clearly outlined

Yeah essentially the number of bonds held has tripled and each one is worth 100mhash. So you get three times the original number of bonds you had @ 100mhash each. All new bonds will be purchased at 100mhash as well.

[Lab_Rat]

Hello all,

Distributions are going out with this post.

The payment you are about to receive is for the previous week as well as the days between May 24th and today (11 days ending May 28th.)  This payment is for a completely up to date list in terms of ownership and regarding new or old contracts as of today.

I'm going to start this post with a brief update on the build out of the most recently received hardware.  The build out did not go as planned by any means which resulted in plenty of lost coins and added expenses.  The datacenter owner was unprepared for the heat and power consumption drawn by this equipment on a large scale.  Although there were major delays in hardware installment, he is not solely to blame.  There was miscommunication, a transformer failure, AC issues, and a cut fiber line that resulted in additional lost time and revenue.  In short, the hardware has been moved this previous weekend to a different and 100% reliable hosting location and is already at the max which is 40% over the previous max hashrate up to that point.  Unfortunately, this move had the hardware down most of the week, and additionally cost a significant figure in fees and moving costs.  This will result in no bonus this previous week or coming Saturday to recover the company's expenses.

The great news is that from here on we are exactly where we should be and bonuses should be increasing and a little more stable.  To boot the BTC price rose $100 a pop as well!!!

I will be giving more frequent updates and being more transparent whenever possible going forward as some of the major issues are now out of the way.  This will give me much more time to focus on contract holders and the growth of the company again.

This weeks (11 days) distribution details:

BTC:11.81682227
BTC / contract: 0.00006700


This does mean the upcoming payment will be low as it's only a few days worth of coins, but I think we'll all be very happy with the following payout!

-Lab_Rat

[bobfranklin]

Hello all,

Distributions are going out with this post.

The payment you are about to receive is for the previous week as well as the days between May 24th and today (11 days ending May 28th.)  This payment is for a completely up to date list in terms of ownership and regarding new or old contracts as of today.

I'm going to start this post with a brief update on the build out of the most recently received hardware.  The build out did not go as planned by any means which resulted in plenty of lost coins and added expenses.  The datacenter owner was unprepared for the heat and power consumption drawn by this equipment on a large scale.  Although there were major delays in hardware installment, he is not solely to blame.  There was miscommunication, a transformer failure, AC issues, and a cut fiber line that resulted in additional lost time and revenue.  In short, the hardware has been moved this previous weekend to a different and 100% reliable hosting location and is already at the max which is 40% over the previous max hashrate up to that point.  Unfortunately, this move had the hardware down most of the week, and additionally cost a significant figure in fees and moving costs.  This will result in no bonus this previous week or coming Saturday to recover the company's expenses.

The great news is that from here on we are exactly where we should be and bonuses should be increasing and a little more stable.  To boot the BTC price rose $100 a pop as well!!!

I will be giving more frequent updates and being more transparent whenever possible going forward as some of the major issues are now out of the way.  This will give me much more time to focus on contract holders and the growth of the company again.

This weeks (11 days) distribution details:

BTC:11.81682227
BTC / contract: 0.00006700


This does mean the upcoming payment will be low as it's only a few days worth of coins, but I think we'll all be very happy with the following payout!

-Lab_Rat

Thanks for that LR. Curious as to what the hashrate is right now?

[Lab_Rat]

Can we dream that he's too busy because he's setting up new equipment?

This was actually true, not a dream.... 

[Lab_Rat]

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?

I have this, but it's midnight and I entertained grnbrg all day with tours of hosting locations and food.  Will add the most recent couple weeks to it and post in the next couple days.

[Lab_Rat]

Spreadsheet with divs per bond going back to day 1.  Also has approximate hashrate, div increase/decrease week over week, and profit % based on .15 BTC IPO.

If any one sees any glaring mistakes,  let me know.

https://docs.google.com/spreadsheets/d/1YnYihk2iWoxyD4fYMhwDbeVaQJRjBU_NVARqMXUIOd4/edit?pli=1#gid=0

In response to previous post.  This seems pretty accurate (didn't check 100% but trust it from the looks), but mine has conversions to USD based on BTC "closing" price on days of payments as well.

[bigdude]

So what everyone really wants to know is ....

What is our current hashrate?

And what will the hashrate be into the future?

[Lab_Rat]

May be of interest... https://drive.google.com/folderview?id=0BwZCh0jtSZkwUjMzQmxDMGZuS2s&usp=sharing

[Lab_Rat]

Spreadsheet with divs per bond going back to day 1.  Also has approximate hashrate, div increase/decrease week over week, and profit % based on .15 BTC IPO.

If any one sees any glaring mistakes,  let me know.

https://docs.google.com/spreadsheets/d/1YnYihk2iWoxyD4fYMhwDbeVaQJRjBU_NVARqMXUIOd4/edit?pli=1#gid=0

In response to previous post.  This seems pretty accurate (didn't check 100% but trust it from the looks), but mine has conversions to USD based on BTC "closing" price on days of payments as well.

By the way Lab, have you become Fin-CEN compliant and have you registered as a Money Service Business in each of he US states in which you do business?

Just askin'.

http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

I believe we are in compliance, but the laws based around virtual currencies are developing around us so I have my eyes constantly peeled.

[Lab_Rat]

So what everyone really wants to know is ....

What is our current hashrate?

And what will the hashrate be into the future?

Current hashrate is north of 100TH a decent amount and I'm hoping to turn it into 200TH+ in the very near future.  Key word in that sentence is "hoping" as I'm not the one producing that hardware.

[Lab_Rat]

If you'll notice from the spreadsheet I just posted, LRM has now paid out over 1500 BTC in distributions.

[bobfranklin]

If you'll notice from the spreadsheet I just posted, LRM has now paid out over 1500 BTC in distributions.

Noice!

[btcrealm]

Hello all,

Distributions are going out with this post.

The payment you are about to receive is for the previous week as well as the days between May 24th and today (11 days ending May 28th.)  This payment is for a completely up to date list in terms of ownership and regarding new or old contracts as of today.

I'm going to start this post with a brief update on the build out of the most recently received hardware.  The build out did not go as planned by any means which resulted in plenty of lost coins and added expenses.  The datacenter owner was unprepared for the heat and power consumption drawn by this equipment on a large scale.  Although there were major delays in hardware installment, he is not solely to blame.  There was miscommunication, a transformer failure, AC issues, and a cut fiber line that resulted in additional lost time and revenue.  In short, the hardware has been moved this previous weekend to a different and 100% reliable hosting location and is already at the max which is 40% over the previous max hashrate up to that point.  Unfortunately, this move had the hardware down most of the week, and additionally cost a significant figure in fees and moving costs.  This will result in no bonus this previous week or coming Saturday to recover the company's expenses.

The great news is that from here on we are exactly where we should be and bonuses should be increasing and a little more stable.  To boot the BTC price rose $100 a pop as well!!!

I will be giving more frequent updates and being more transparent whenever possible going forward as some of the major issues are now out of the way.  This will give me much more time to focus on contract holders and the growth of the company again.

This weeks (11 days) distribution details:

BTC:11.81682227
BTC / contract: 0.00006700


This does mean the upcoming payment will be low as it's only a few days worth of coins, but I think we'll all be very happy with the following payout!

-Lab_Rat

May be of interest... https://drive.google.com/folderview?id=0BwZCh0jtSZkwUjMzQmxDMGZuS2s&usp=sharing

I believe we are in compliance, but the laws based around virtual currencies are developing around us so I have my eyes constantly peeled.

Current hashrate is north of 100TH a decent amount and I'm hoping to turn it into 200TH+ in the very near future.  Key word in that sentence is "hoping" as I'm not the one producing that hardware.

If you'll notice from the spreadsheet I just posted, LRM has now paid out over 1500 BTC in distributions.

Thank you for the updates.  I'm glad to hear everything (personal) is ok and you were busy with business.
Its good to hear you got into a reliable POP and the transition is done.  It looks like we are still waiting on BFL to get the rest of our equipment built so I hope the new POP has extra room ; P

[Mindsync Miner]

Good to hear from you LR.

Let's see how long it takes for people around here to punish you for breaking your silence.

[bobfranklin]

Good to hear from you LR.

Let's see how long it takes for people around here to punish you for breaking your silence.

RABBLE RABBLE RABBLE

[carnoto]

any plan to list on exchange?

[bigdude]

any plan to list on exchange?

+1

Very good question

[zero10]

Is it too much to ask to be notified of these things in ADVANCE instead of days after the expected payout?
I am very understanding but to be told days after the problem that "oh by the way, our equipment was down most of the week because of a move" is pretty poor IMO.