|
theMiracle
|
 |
May 29, 2014, 02:23:50 PM |
|
Glad to hear things are improving.
Why was grnbrg not permitted to simply say you were occupied moving equipment to deal with a hosting problem?? (That would have substantially reduced the stress levels of no-dividend combined with no Labrat present and accounted for...)
How to make shit news seem great: 1. Stop communicating, let everyone fear teh worst. 2. Return, deliver shit news. 3. Everyone's psyched, shit not as bad as feared. Very joy. Such exalted. 4. ? ? ? 5. PROFIT! |
|
|
|
|
|
|
|
tempestb
|
|
May 29, 2014, 02:51:14 PM |
|
Can you please provide us with links to your Money Service/Transmitter Business registrations as well as a copy of your Fin-Cen registration?
Can you tell us in which states you are registered as a Money Service Business?
You obviously don't know what a Money Service Business is. FinCEN already said that miners and Bitcoin investments are not subject to being a Money Transmitter or Money Service Business. http://www.coindesk.com/fincen-bitcoin-miners-investors-money-transmitters/Folks who send money via Bitcoin is not a Money Transmitter by default. You have to operate a business which sends money as a service. A Bitcoin exchange that turns USD into Bitcoin and back is an example of a Money Transmitter. An operation that deals with just mining and moving Bitcoin to investors is not. |
1D7JwRnoungL1YQy7sJMsqmA8BHkPcKGDJ
We mine as we dream... Alone
|
|
|
btcrealm
Jr. Member
 Offline
Activity: 62
Merit: 1
|
|
May 29, 2014, 03:01:48 PM |
|
Thanks for keeping these up! |
|
|
|
|
|
contactmike1
|
|
May 29, 2014, 05:16:35 PM |
|
as they may constitute money transmission
it may be engaged in money transmission
The FINCEN guidance says it may be a MSB, which means each entity needs to do an assessment. I think labrat said multiple times he's looked into it and believes that Labrat Data Processing LLC is OK at this time. |
|
|
|
|
|
tempestb
|
|
May 29, 2014, 06:19:45 PM |
|
Exemption F: (F) Accepts and transmits funds only integral to the sale of goods or the provision of services, other than money transmission services, by the person who is accepting and transmitting the funds.
He transmits funds that are integral to the provision of the service, and is not providing a money transmission service (Exchanging Bitcoin for USD for instance).
He's exempt.
The thing you are missing from all the legalese is that FinCen is interested in you laundering the money. They want to know if you are operating a business which takes in cash, flips it into Warcraft Gold, then you sell the Warcraft Gold for new cash, and you give the cash to other people. Havelock or Crypto-Trade are Money Transmission Businesses. Bitpay, for instance, is not. They are exempt because a single individual is taking their money and flipping it back and forth. They don't care about that.
The guidance explains that Mining and investment mining operations like this are exempt. The service is exempt.
|
1D7JwRnoungL1YQy7sJMsqmA8BHkPcKGDJ
We mine as we dream... Alone
|
|
|
|
bigasic
|
|
May 29, 2014, 07:52:37 PM |
|
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. Got a question.. What good will 200ths do us when the bonds are at a fixed rate? Why even care what the hashrate is? if you signed the latest contract, all you are legally able to get is 100mhs per bond. |
|
|
|
|
|
contactmike1
|
|
May 29, 2014, 08:05:59 PM |
|
New equipment does go into the dividend pool, after two weeks. I know people complain that it's not contractually guaranteed (and it isn't), but you'll make more money selling out at these lows if you don't believe there will be new equipment. Why hold?
I just answered this question for you yesterday.  |
|
|
|
|
|
bigasic
|
|
May 29, 2014, 08:15:27 PM |
|
New equipment does go into the dividend pool, after two weeks. I know people complain that it's not contractually guaranteed (and it isn't), but you'll make more money selling out at these lows if you don't believe there will be new equipment. Why hold?
I just answered this question for you yesterday. Im glad your confident.... |
|
|
|
|
|
grnbrg
|
|
May 30, 2014, 02:48:08 AM |
|
I've had a busy couple of days with Lab_Rat, some of it work, and most of it fun (We went to Six Flags Great Adventure for the day, today....) and I've moved on to my vacation in Washington DC. I just finished the 4 hour drive from New Jersey, and am going to bed. I have pictures from both the NJ data centres, and will post them tomorrow evening. I demanded a huge bribe from Zach, which he refused to pay, so I'm just going to have to spill all the secrets. The fast cars. The loose women. The SS Kerpopples....   grnbrg. (But really, I didn't see or hear anything particularly surprising during my visit. The pictures will be of interest, I'm sure, but there's not much else to report.) And now.... Bed time. |
|
|
|
|
|
LostDutchman
|
|
May 30, 2014, 03:06:41 AM |
|
I've had a busy couple of days with Lab_Rat, some of it work, and most of it fun (We went to Six Flags Great Adventure for the day, today....) and I've moved on to my vacation in Washington DC. I just finished the 4 hour drive from New Jersey, and am going to bed. I have pictures from both the NJ data centres, and will post them tomorrow evening. I demanded a huge bribe from Zach, which he refused to pay, so I'm just going to have to spill all the secrets. The fast cars. The loose women. The SS Kerpopples.... grnbrg. (But really, I didn't see or hear anything particularly surprising during my visit. The pictures will be of interest, I'm sure, but there's not much else to report.) And now.... Bed time. And you did all this on whose money? |
|
|
|
|
grnbrg
|
|
May 30, 2014, 03:09:16 AM |
|
I've had a busy couple of days with Lab_Rat, some of it work, and most of it fun (We went to Six Flags Great Adventure for the day, today....) and I've moved on to my vacation in Washington DC. I just finished the 4 hour drive from New Jersey, and am going to bed. I have pictures from both the NJ data centres, and will post them tomorrow evening. I demanded a huge bribe from Zach, which he refused to pay, so I'm just going to have to spill all the secrets. The fast cars. The loose women. The SS Kerpopples.... grnbrg. (But really, I didn't see or hear anything particularly surprising during my visit. The pictures will be of interest, I'm sure, but there's not much else to report.) And now.... Bed time. And you did all this on whose money? :eyeroll: Mine. Although he did buy me an ice cream today, I suppose. grnbrg. |
|
|
|
|
|
LostDutchman
|
|
May 30, 2014, 03:15:30 AM |
|
I've had a busy couple of days with Lab_Rat, some of it work, and most of it fun (We went to Six Flags Great Adventure for the day, today....) and I've moved on to my vacation in Washington DC. I just finished the 4 hour drive from New Jersey, and am going to bed. I have pictures from both the NJ data centres, and will post them tomorrow evening. I demanded a huge bribe from Zach, which he refused to pay, so I'm just going to have to spill all the secrets. The fast cars. The loose women. The SS Kerpopples.... grnbrg. (But really, I didn't see or hear anything particularly surprising during my visit. The pictures will be of interest, I'm sure, but there's not much else to report.) And now.... Bed time. And you did all this on whose money? :eyeroll: Mine. Although he did buy me an ice cream today, I suppose. grnbrg. He bought you ice cream? Was it good for you? Did you get a candy bar too? |
|
|
|
|
grnbrg
|
|
May 30, 2014, 03:21:33 AM |
|
I've had a busy couple of days with Lab_Rat, some of it work, and most of it fun (We went to Six Flags Great Adventure for the day, today....) and I've moved on to my vacation in Washington DC. I just finished the 4 hour drive from New Jersey, and am going to bed. I have pictures from both the NJ data centres, and will post them tomorrow evening. I demanded a huge bribe from Zach, which he refused to pay, so I'm just going to have to spill all the secrets. The fast cars. The loose women. The SS Kerpopples.... grnbrg. (But really, I didn't see or hear anything particularly surprising during my visit. The pictures will be of interest, I'm sure, but there's not much else to report.) And now.... Bed time. And you did all this on whose money? :eyeroll: Mine. Although he did buy me an ice cream today, I suppose. grnbrg. He bought you ice cream? Was it good for you? Did you get a candy bar too? No. But it's the last thing I remember before waking up in my hotel room, in a bathtub full of ice, and a badly stitched incision in my side....  grnbrg. |
|
|
|
|
|
LostDutchman
|
|
May 30, 2014, 03:24:25 AM |
|
I've had a busy couple of days with Lab_Rat, some of it work, and most of it fun (We went to Six Flags Great Adventure for the day, today....) and I've moved on to my vacation in Washington DC. I just finished the 4 hour drive from New Jersey, and am going to bed. I have pictures from both the NJ data centres, and will post them tomorrow evening. I demanded a huge bribe from Zach, which he refused to pay, so I'm just going to have to spill all the secrets. The fast cars. The loose women. The SS Kerpopples.... grnbrg. (But really, I didn't see or hear anything particularly surprising during my visit. The pictures will be of interest, I'm sure, but there's not much else to report.) And now.... Bed time. And you did all this on whose money? :eyeroll: Mine. Although he did buy me an ice cream today, I suppose. grnbrg. He bought you ice cream? Was it good for you? Did you get a candy bar too? No. But it's the last thing I remember before waking up in my hotel room, in a bathtub full of ice, and a badly stitched incision in my side.... grnbrg. Yeah but was that the really HURT part? |
|
|
|
Mindsync Miner
Member
Offline
Activity: 69
Merit: 10
An independent miner.
|
|
May 30, 2014, 05:13:24 AM |
|
You're right Dutchy. Living anything more than the life of a pauper means that Lab Rat is absconding with our investment. Call the FTC, SEC, CIA, FBI, CSI, McDLT, BLT, LGBT and MLT (where the mutton is nice and lean). Alarm! Alarm! Danger Will Robinson!
|
You'll know me as dgiors in some other forums.
LTC: LWUQSovF76vTPoCnoH9NzfChX6dxQ6Qra7 BTC: 1MQLfiKA5A6goEiSwMdVyVvFw4YgCj489V
|
|
|
|
LostDutchman
|
|
May 30, 2014, 09:32:04 AM |
|
You're right Dutchy. Living anything more than the life of a pauper means that Lab Rat is absconding with our investment. Call the FTC, SEC, CIA, FBI, CSI, McDLT, BLT, LGBT and MLT (where the mutton is nice and lean). Alarm! Alarm! Danger Will Robinson!
You forgot the RSPCA. |
|
|
|
|
NotLambchop
|
|
May 30, 2014, 11:58:28 AM |
|
You're right Dutchy. Living anything more than the life of a pauper means that Lab Rat is absconding with our investment...
>Investment hahaha owow |
|
|
|
|
|
LostDutchman
|
|
May 30, 2014, 01:18:40 PM |
|
You're right Dutchy. Living anything more than the life of a pauper means that Lab Rat is absconding with our investment...
>Investment hahaha owow ! +100 |
|
|
|
|
Lab_Rat (OP)
|
|
May 30, 2014, 04:40:46 PM |
|
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. Got a question.. What good will 200ths do us when the bonds are at a fixed rate? Why even care what the hashrate is? if you signed the latest contract, all you are legally able to get is 100mhs per bond. Please re-read the original contract... All you were ever owed, but that's not what you received correct? |
|
|
|
|
