smracer
Donator
Legendary
 Offline
Activity: 1055
Merit: 1020
|
 |
October 26, 2014, 04:44:02 PM |
|
I guess we were financing LabRat's personal mining farm all along.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
spuushie
Member
Offline
Activity: 67
Merit: 10
|
|
October 28, 2014, 05:36:31 PM |
|
I guess we were financing LabRat's personal mining farm all along.
I Don't think so mainly because he does not strike me as the guy who wants to live the rest of his life underground. But feck if I know for sure! Only thing I know for sure is that you cannot trust anybody in the world of Cryptocurrency. The list of scams and feck ups get longer by the day  |
|
|
|
|
spuushie
Member
Offline
Activity: 67
Merit: 10
|
|
October 28, 2014, 07:14:15 PM |
|
Where is the good news  The payout become miserable... Well last time there was supposed to be incoming good news. It was that we are broke but can buy more cheep contracts. And shortly after that btw we are being sued. So good news can mean pretty much anything these days  ps. Think LR said there would be no bonus this month.... Ok....but at least he can put the payout number here....seriously...what a mess... :/ Agreed! BTW Took a quick look at the website there was no mentioning that bonus could be cancelled, That could mean more trouble... Maybe I am blind or it is well hidden there I hope. Don't want more legal bs. |
|
|
|
|
Mindsync Miner
Member
Offline
Activity: 69
Merit: 10
An independent miner.
|
|
October 30, 2014, 05:26:20 AM |
|
Ok....but at least he can put the payout number here....seriously...what a mess... :/
+1 We should all be able to see how much we've been fleeced by the sudden disappearance of our bonus payments. |
You'll know me as dgiors in some other forums.
LTC: LWUQSovF76vTPoCnoH9NzfChX6dxQ6Qra7 BTC: 1MQLfiKA5A6goEiSwMdVyVvFw4YgCj489V
|
|
|
|
elitenoob
|
|
October 31, 2014, 05:51:23 PM |
|
Off for over a week now...hope that's not part of the incoming good news  |
|
|
|
|
|
Lab_Rat (OP)
|
|
November 01, 2014, 02:26:22 AM |
|
Please do not spread FUD and false info. I'm not taking the proceeds of the mine for personal benefit and there are good things coming for Q1 2015, there are just some legal fees right now that were unplanned for. I have been advised that my only comment on this matter should be no comment and that LRM has not done anything illegal to warrant the current actions being taken against the company.
More information will become available through public means that anyone may feel free to get and share, but I am not able to comment at this time. I apologize for this.
-Zach
|
|
|
|
|
Ashitank
|
|
November 01, 2014, 08:46:19 AM
Last edit: November 01, 2014, 09:20:26 AM by Ashitank |
|
Please do not spread FUD and false info. I'm not taking the proceeds of the mine for personal benefit and there are good things coming for Q1 2015, there are just some legal fees right now that were unplanned for. I have been advised that my only comment on this matter should be no comment and that LRM has not done anything illegal to warrant the current actions being taken against the company.
More information will become available through public means that anyone may feel free to get and share, but I am not able to comment at this time. I apologize for this.
-Zach
Dude a lawsuit forced you to come out of woods & communicate with us , where were you before , that doesn't fill any one with confidence about the the way you manage stuff & your way of managing your customers is the root cause for all the FUD , if you don't address FUD then it becomes truth. Request you to communicate with us in genuine fashion & dont have to try hard or prove any thing , just walk the talk , Thank you  . |
|
|
|
|
|
sparky999
|
|
November 01, 2014, 08:02:20 PM |
|
Please do not spread FUD and false info. I'm not taking the proceeds of the mine for personal benefit and there are good things coming for Q1 2015, there are just some legal fees right now that were unplanned for. I have been advised that my only comment on this matter should be no comment and that LRM has not done anything illegal to warrant the current actions being taken against the company.
More information will become available through public means that anyone may feel free to get and share, but I am not able to comment at this time. I apologize for this.
-Zach
Personally - I am happy with this response. Thank you Zach. |
|
|
|
|
|
Lab_Rat (OP)
|
|
November 02, 2014, 07:01:15 PM |
|
Please do not spread FUD and false info. I'm not taking the proceeds of the mine for personal benefit and there are good things coming for Q1 2015, there are just some legal fees right now that were unplanned for. I have been advised that my only comment on this matter should be no comment and that LRM has not done anything illegal to warrant the current actions being taken against the company.
More information will become available through public means that anyone may feel free to get and share, but I am not able to comment at this time. I apologize for this.
-Zach
Personally - I am happy with this response. Thank you Zach. Thank you sparky, I'm really trying to make things work out for everyone here and appreciate the support. |
|
|
|
PoUpA
Member
Offline
Activity: 93
Merit: 10
|
|
November 02, 2014, 07:27:50 PM |
|
I really trust that Zack didn't want to screw us .... i bought from BFL and cointerra personnaly and know that's hard to have ROI and that's without customers sueing me lol. seams like ppl didn't understand the new contracts well ( man this was just rephrasing to comply with the law at the best price). but ... will hold my shares and hope that it will turn well.
|
|
|
|
|
runam0k
Legendary
Offline
Activity: 1092
Merit: 1001
Touchdown
|
|
November 03, 2014, 03:07:55 PM |
|
I really trust that Zack didn't want to screw us .... i bought from BFL and cointerra personnaly and know that's hard to have ROI and that's without customers sueing me lol. seams like ppl didn't understand the new contracts well ( man this was just rephrasing to comply with the law at the best price). but ... will hold my shares and hope that it will turn well.
Not making ROI is one thing, but losing almost all of your original investment (98% in my case, not the wisest investment!) is quite another. Using AMHash1 divs to price/compare LRM (someone correct me if I am wrong): AMHash1 divs are ~ 0.00006258BTC/unit/week LRM divs (for the week ending 11 Oct, including the "bonus") were 0.00004419BTC/unit/week So LRM per unit divs were ~70.61% of AMHash1. 1 unit of AMHash1 is 0.00125BTC, so 1 LRM unit should be ~0.00088267BTC. And that's assuming the "bonus" is paid each week. Hmmm... |
|
|
|
|
|
Lab_Rat (OP)
|
|
November 03, 2014, 06:44:20 PM |
|
I really trust that Zack didn't want to screw us .... i bought from BFL and cointerra personnaly and know that's hard to have ROI and that's without customers sueing me lol. seams like ppl didn't understand the new contracts well ( man this was just rephrasing to comply with the law at the best price). but ... will hold my shares and hope that it will turn well.
Not making ROI is one thing, but losing almost all of your original investment (98% in my case, not the wisest investment!) is quite another. Using AMHash1 divs to price/compare LRM (someone correct me if I am wrong): AMHash1 divs are ~ 0.00006258BTC/unit/week LRM divs (for the week ending 11 Oct, including the "bonus") were 0.00004419BTC/unit/week So LRM per unit divs were ~70.61% of AMHash1. 1 unit of AMHash1 is 0.00125BTC, so 1 LRM unit should be ~0.00088267BTC. And that's assuming the "bonus" is paid each week. Hmmm... That payout was without bonus, with bonus it would likely be 3-5 times the payout you received. If the current circumstances did not exist you would have received a bonus, and as soon as possible you will begin receiving bonuses again. I apologize for this, but it is the only option at this point. |
|
|
|
runam0k
Legendary
Offline
Activity: 1092
Merit: 1001
Touchdown
|
|
November 03, 2014, 07:25:47 PM |
|
That payout was without bonus, with bonus it would likely be 3-5 times the payout you received. If the current circumstances did not exist you would have received a bonus, and as soon as possible you will begin receiving bonuses again.
I apologize for this, but it is the only option at this point.
Actually, I was using these numbers: Distributions out:
Mined: BTC1.59967071
Per Contract: BTC0.00000897
Bonus: BTC6.2831853
Bonus Per contract: BTC0.00003522
Not accusing you of anything, just mulling over my poor decisions. |
|
|
|
|
Mindsync Miner
Member
Offline
Activity: 69
Merit: 10
An independent miner.
|
|
November 11, 2014, 08:13:53 AM |
|
Did your lawyer advise you not to post the weekly earnings?
Otherwise get on the ball.
|
You'll know me as dgiors in some other forums.
LTC: LWUQSovF76vTPoCnoH9NzfChX6dxQ6Qra7 BTC: 1MQLfiKA5A6goEiSwMdVyVvFw4YgCj489V
|
|
|
|
pixl8tr
|
|
November 11, 2014, 06:33:21 PM |
|
Should've been a lawyer, they seem to be the only ones making money from this investment. |
who | grep -i blonde | date; cd ~; unzip; touch; finger; bjobs; uptime; strip;. grab; mount; yes; umount; sleep; brun;
Donations: 18ByQvDUmaMKkQbYvUWmnPSu9BWeNxVMoc
|
|
|
|
Flashman
|
|
November 11, 2014, 09:00:24 PM |
|
Heh, I think that goes for whole of crypto for whole of 2014, legal professions have made out like bandits.
|
TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
|
|
smracer
Donator
Legendary
Offline
Activity: 1055
Merit: 1020
|
|
November 17, 2014, 05:10:11 PM |
|
It should be soon enough that our shares will be eaten up by costs. That should make everyone happy.
|
|
|
|
|
|
Endlessa
|
|
November 25, 2014, 06:22:51 AM |
|
It should be soon enough that our shares will be eaten up by costs. That should make everyone happy.
An inevitable outcome of a questionable situation |
|
|
|
|
DemocraticRepublicOfDave
Member
Offline
Activity: 77
Merit: 10
|
|
November 27, 2014, 01:36:23 PM |
|
Hi all, Interesting.  Seems LabRat doesn't live here anymore.  Cheers Dave |
|
|
|
|
DemocraticRepublicOfDave
Member
Offline
Activity: 77
Merit: 10
|
|
November 27, 2014, 01:39:15 PM |
|
Hi all, Whilst we await LabRats return I guess we must entertain ourselves. I propose a limerick competition.  Here is my (rather dubious) entry: There once was a man called LabRat, Who changed contracts on us just like that, Then people got rude, and some of them sued, and that was the end of that!  Any other entries? Cheers Dave. |
|
|
|
|
|
