Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 108. (Read 452224 times)

Can we pick if you deserve to be paid managament , if you call this management?

thanks - I deleted my previous post when I realized investors did pay for the hardware that has not arrived yet but are only getting "credit" for the hardware in hand. That's a loose end that should get tied up.

This is correct, the management, power, internet, hosting, etc. fees are taken out before the 100MH/s per contract payout.

This is the only way to continue operating LRM.

You know we're standing at nearly 500mh per bond and with incoming hardware we were heading up to more than 1.5gh per bond?

After all this we invested in time and money, patience, you get yourself happy with 300mh?

I still don see any answer from Lab_Rat who's here to reply all questions about what is he going to do with the hardware, after 6 weeks of silence he had time to think a solution instead of this BS.

From what I can tell, LabRat has scammed his investors and defrauded us. I bought in expecting a share of the companies profits, not 100 MHs per share. This is fraud plain and simple.

I would think that the "better option" from the point of view of your investors would be to dissolve LRM, sell all hardware, and distribute the proceeds to the bondholders on record. That would minimize shareholder loss and wrap up LRM fairly. You have always claimed to be working for your investors, right? Or could it be that greed finally won?

I am not a shareholder, so I don't even know why I bother to comment. But it annoys me more and more every time I see or hear about good people being sucked in by golden promises only to end up being swindled in the name of personal greed. Is there something about huge piles of bitcoin mining hardware that must turn people to the Dark Side? Why does this b*llsh*t have to keep happening over and over again? It's crap like this that continues to give bitcoin a bad reputation in the eyes of the community and scares people away when *we* (all of the good folks, and there are many) are trying to spread knowledge to the general public and convince new people that the waters are safe; that we won't bite. Your actions serve only to undermine trust in the community (of which there is precious little already).

Do what's right by your shareholders, Zach. Close LRM. Sell the hardware. Distribute the proceeds to shareholders. Done. It isn't hard. Really. The only hard part is having to come to grips with the fact that your "free ride" on the backs of your shareholders will come to an end. But it looks like greed won't let you do that. I hope I am wrong.

You call this operating? no information for 6 weeks and then you come up with this?

Excellent work, you basically destroyed what you created and left a long line of happy people.

There is no way for me to operate this company outside of the US and avoid the US's laws while continuing to live here.

I'm working on a way to make things as pleasant as possible through this transition legally, but I've had legal pressure placed on me for 8-12 weeks to make this change.  It is a horrible place to be put in considering the ideas I originally built this company on.

So...

100 MH/s current market price :

Cex.io = 0.00201 BTC
Picostock - 100TH mine = 0.0017 BTC
PB mining = 0.00089 BTC

I let that here...everybody will appreciate "their investment"....

No more darkness... all in plain sight and open, we've a say on this.

Details.

So bonds have been essentially split 3 for 1 with each bond permanently worth 100 MH/s.

Will bonds be split again in the future as new hardware arrives?  Is that the plan? I sure hope so.  That seems the only way this investment can be salvaged for everyone involved here.

Are you continuing to work on a legal means to make this better for existing bond holders?

So 100 mh/s is the max a contract can go for? So why are you able to tripple our existing contracts? Would it be possible to increase the ammount of existing contracts of bondholders even more when additional hardware and stuff comes in?

And would it be even possible to run this company in another country with less stupid laws? Ok, doubt so because you wouldn't be able to run it by yourself anymore...or do i think wrong?

I'm working on a way to fix this.

You pre-mined 2 weeks with hardware at the higher BTC rate.

You make a large profit for re-invest,(reminds coindesk article with the 150 TH/s, or is this a lie?).

Where is the money ?

I'm starting to think all this thing smell very fishy...

Hardware topic plz, incoming hardware questions and details.

Mt. Gox did not effect LRM.

The trading platform is still being worked on.  It's in Alpha testing, but it is not owned, operated, or affiliated with LRM.

We paid for a large sum of hardware to be coming in on several months, and i want to know what will happen with that.

If you receive 150 th.. what are you going to do with the rest? we invested in you, this is extremely dissapointing (and im really being polite here, im sure some are not going to take this lightly)

I'd like to have some sort of update on the trading platform you talked about months ago that was supposedly high on your to-do list:

Where is the "150 TH/s" from BF ?
The MT.gox shutdown have impacted LRM ?

I'm here to answer the questions I can so feel free to ask.

The issues at hand are both on a state and federal level regarding multiple topics.  The specifics of these statutes will be presented in a timely manner.

I have not done any work for CoinSeed in weeks and don't believe I will have a major if any further involvement in CoinSeed.  This is yet to be determined by Merlin Kauffman.

The newly issued contracts price will be changed.