BobLoblaw
Newbie
 Offline
Activity: 6
Merit: 0
|
 |
June 29, 2014, 07:24:24 PM |
|
|
|
|
|
|
|
electerium
|
|
June 30, 2014, 12:55:28 AM |
|
Can someone point me to LRM's hashing stats??
anyone?? That would require, you know, transparency. Is there a reason why LRM does not provide this?? It didn't used to be this way. We used to own bonds that represented a fixed percentage of LRM's hashrate/mining proceeds. Using simple coercion, however, LRM was able to unilaterally change those terms (at precisely the time new mining hardware arrived, go figure). If we knew the hashrate we'd be able to confirm the bonus % and more accurately value our bonds contracts (still with an appropriate the-bonus-for-any-particular-week-is-not-guaranteed discount, of course). For reasons unknown to me, LR doesn't want this. So we have to guess at the hashrate using the bonus as a very, very rough measure. Someone correct me if I am wrong. TL;DR: There is no good reason (though I suspect LR will say, "unspecified legal reasons that I could not divulge even if I knew what they were").  i'm sorry, this seems sketchy as hell. It's not so hard to simply fake a hashing page. has anyone actually reviewed those documents wrt change in terms? did anyoen independently confirm that lrm purchased, ordered and received those 150 th from bitfury or buzzdave? has he produced any kind of financial documents? forget confirming hashrate, i think it's important that you contract holders confirm LRM. |
|
|
|
|
|
grnbrg
|
|
June 30, 2014, 01:15:30 AM |
|
i'm sorry, this seems sketchy as hell. It's not so hard to simply fake a hashing page.
has anyone actually reviewed those documents wrt change in terms?
did anyoen independently confirm that lrm purchased, ordered and received those 150 th from bitfury or buzzdave?
has he produced any kind of financial documents?
forget confirming hashrate, i think it's important that you contract holders confirm LRM.
So, do you hold any contracts? It's interesting that the loudest complaints tend to come from those with no standing. grnbrg. |
|
|
|
|
|
electerium
|
|
June 30, 2014, 04:59:20 AM |
|
i'm sorry, this seems sketchy as hell. It's not so hard to simply fake a hashing page.
has anyone actually reviewed those documents wrt change in terms?
did anyoen independently confirm that lrm purchased, ordered and received those 150 th from bitfury or buzzdave?
has he produced any kind of financial documents?
forget confirming hashrate, i think it's important that you contract holders confirm LRM.
So, do you hold any contracts? It's interesting that the loudest complaints tend to come from those with no standing. grnbrg. no, but your point is really immaterial. mine stands |
|
|
|
|
|
fractal02
|
|
June 30, 2014, 05:15:18 AM |
|
i'm sorry, this seems sketchy as hell. It's not so hard to simply fake a hashing page.
has anyone actually reviewed those documents wrt change in terms?
did anyoen independently confirm that lrm purchased, ordered and received those 150 th from bitfury or buzzdave?
has he produced any kind of financial documents?
forget confirming hashrate, i think it's important that you contract holders confirm LRM.
So, do you hold any contracts? It's interesting that the loudest complaints tend to come from those with no standing. grnbrg. , but your point is really immaterial. mine stands So...STFU and GTFO !  |
|
|
|
|
|
Lab_Rat (OP)
|
|
June 30, 2014, 05:56:16 AM
Last edit: June 30, 2014, 06:06:30 AM by Lab_Rat |
|
i'm sorry, this seems sketchy as hell. It's not so hard to simply fake a hashing page.
has anyone actually reviewed those documents wrt change in terms?
did anyoen independently confirm that lrm purchased, ordered and received those 150 th from bitfury or buzzdave?
has he produced any kind of financial documents?
forget confirming hashrate, i think it's important that you contract holders confirm LRM.
So, do you hold any contracts? It's interesting that the loudest complaints tend to come from those with no standing. grnbrg. no, but your point is really immaterial. mine stands There are actually 3 contract holders who can confirm that I am a real person running a real company and have real hardware as they've seen it in person. Try reading a few pages of the thread before making comments like that. |
|
|
|
runam0k
Legendary
Offline
Activity: 1092
Merit: 1001
Touchdown
|
|
June 30, 2014, 06:19:59 AM |
|
There are actually 3 contract holders who can confirm that I am a real person running a real company and have real hardware. Try reading a few pages of the thread before making comments like that.
I think you need to consider the possibility that he is (was) a potential investor purchaser of contracts. No one doubts you are a real person running a real company and have real hardware. That's all we do know! It doesn't help anyone price the contracts favourably or indeed properly. The lack of transparency here is a bit odd, even for Bitcoin. Just saying. |
|
|
|
|
|
electerium
|
|
June 30, 2014, 06:51:56 PM |
|
i'm sorry, this seems sketchy as hell. It's not so hard to simply fake a hashing page.
has anyone actually reviewed those documents wrt change in terms?
did anyoen independently confirm that lrm purchased, ordered and received those 150 th from bitfury or buzzdave?
has he produced any kind of financial documents?
forget confirming hashrate, i think it's important that you contract holders confirm LRM.
So, do you hold any contracts? It's interesting that the loudest complaints tend to come from those with no standing. grnbrg. no, but your point is really immaterial. mine stands There are actually 3 contract holders who can confirm that I am a real person running a real company and have real hardware as they've seen it in person. Try reading a few pages of the thread before making comments like that. I have no doubt you are a real person, because afterall, someone has to be physically typing this message. I think it is reasonable to assume that you are correct when you write that you are indeed running a real company and have real hardware. None of that is at issue. As I read a few pages of the thread, I notice a alarming lack of proof with regard to what your business is actually doing. There is: zero evidence exists that LRM has miners zero evidence exists that LRM purchased 150th from bitfure/buzzdave zero evidence exists that LRM has deployed those miners zero proof of ownership of any miners zero evidence exists that LRM is hashing period zero evidence exists that bonus dividends are proper and just zero documentation of financials zero prospective for the future zero |
|
|
|
|
|
tempestb
|
|
June 30, 2014, 07:00:27 PM |
|
Grnbrg took a bunch of pictures and posted them up pages back when he went to visit with him. So there are miners.
Everything else you say is valid.
|
1D7JwRnoungL1YQy7sJMsqmA8BHkPcKGDJ
We mine as we dream... Alone
|
|
|
|
|
|
Lab_Rat (OP)
|
|
June 30, 2014, 09:03:18 PM |
|
I've known about this since Dec. Can't really say much else other than I'm working on a bit right now. |
|
|
|
|
fractal02
|
|
June 30, 2014, 09:20:12 PM |
|
I've known about this since Dec. Can't really say much else other than I'm working on a bit right now. |
|
|
|
|
|
Bargraphics
|
|
June 30, 2014, 09:27:23 PM |
|
Can't really say much else other than I'm working on a bit right now.
Oh Really!? |
|
|
|
|
|
|
|
Doff
|
|
July 01, 2014, 02:36:37 PM |
|
I've known about this since Dec. Can't really say much else other than I'm working on a bit right now. I'm curious what the time frame is for this, that way I can prepare to turn off all my personal miners as the Diff goes up 40% a pop. I don't really see this as a great thing for bitcoin, I guess the fun couldn't last forever for the smaller miners. |
|
|
|
|
|
tempestb
|
|
July 01, 2014, 03:51:19 PM |
|
That is pie-in-the-sky speculation. The margins on mining right now are very narrow. The last thing someone is going to do is pay a middle-man like them to manage the setup. The numbers won't work. Better to just invest in the coin and watch it rise.
|
1D7JwRnoungL1YQy7sJMsqmA8BHkPcKGDJ
We mine as we dream... Alone
|
|
|
spuushie
Member
Offline
Activity: 67
Merit: 10
|
|
July 02, 2014, 10:33:47 AM |
|
I do understand why LR doesn't say anything until it is a done deal. However I wonder if there is more than one side- project? And hope that the main project is not to try get HW from BFL. Really wish that saga would end. Because every time I read about them It reminds me in how good shape LRM would bee if we would have gone basically anywhere else than BFL. I don't understand why people posts here with no stake in LRM. However electerium posts valid concerns I really dont mind that. What annoys me is when outsiders post completely off topic |
|
|
|
|
|
Lab_Rat (OP)
|
|
July 05, 2014, 05:17:04 PM |
|
Dividends out and BTCGuild performed at 70% or lower of what it should have this week... This is getting ridiculous. Someone is withholding blocks or greedy mining.
I'm getting concerned with the payouts as it's hurting our mining proceeds while the mining is still good. I just can't bring myself to move over the mine to GHash, but it seems like the only way to make what we should be.
Mined-----------|Per Contract
3.53609818----|0.00002005
Bonus-----------|Bonus Per contract
11.08282821---|0.00006284
|
|
|
|
|
LostDutchman
|
|
July 05, 2014, 05:50:43 PM |
|
Dividends out and BTCGuild performed at 70% or lower of what it should have this week... This is getting ridiculous. Someone is withholding blocks or greedy mining.
I'm getting concerned with the payouts as it's hurting our mining proceeds while the mining is still good. I just can't bring myself to move over the mine to GHash, but it seems like the only way to make what we should be.
Mined-----------|Per Contract
3.53609818----|0.00002005
Bonus-----------|Bonus Per contract
11.08282821---|0.00006284
How can there be "greedy mining"? |
|
|
|
|
|
|
