Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 109. (Read 452224 times)

So with the addition of new hardware, where does that unallocated/unsold hashing power go?

Please explain !  

We all were very patient, and now you put this here...just like that...

Can you be more specific on why we end up this way?

Why shut down? Is your new job forcing you to go this way?

What about all the hardware WE purchased with OUR produced bitcoins to improve this?

What is going on exactly that you claim that the other choice is shutting down?

Who in the right mind will pay $0.05 for a fixed rate of 100mh when you can get at cex 2.5gh for the same price. I guess you need to be MUCH MORE DETAILED in your replies.

This update means that if you previously had 100 contracts, you now have 300 contracts.  The contracts are now all worth 100MH/s each and will remain that way indefinitely.

WTF ?!?



So we have now bonds worth 100 mh/s ? But in triple for current owners ? is that ?  

Does that mean current shares = 300Mh/s per share and all future shares will be 100Mh/s per share?

Does that scale with added hashrate to our network, or does that mean a fixed 100Mh/s regardless of future inclusions?

At the current rate going rate (0.05 btc/share?), making that back with 100Mh/s is essentially impossible?

I'm confused? I thought we owned shares representing a fraction of the total mining capabilities of Lab_Rat LLC? What's changed?

Continuing to pay out dividends is the better of the options considering the other route would be to dissolve and discontinue LRM as a whole.  Neither of which are desired options, but the difficult choice had to be made.

Looks like it, we're really fucked up if thats how it looks, no more waiting for the jump on speed in march since we will get less and less crap, our bonds will be worthless.

W00t

edit: i dont really get it but it means bondholders are actually fuked up?

WHAT?

CHANGE IN PAYOUT RATE STRUCTURE

Cryptocurrencies, which includes Bitcoin, are relatively new to the world economic communities and its governments. Worldwide there continues to be almost daily announcements from governments regarding crypto currencies. Lab Rat Data Processing, a Limited Liability Company in the state of New Jersey, continues to monitor those announcements and the ever-changing laws and economic environments and how those laws impact cryptocurrencies, including Bitcoin, and in particular Lab Rat Data Processing. Most important to Lab Rat Data Processing are the ever-changing laws and/or announcements from the United States and its governmental agencies and the state of New Jersey and its governmental agencies.

Based upon recent developments in US and local laws, Lab Rat Data Processing, and their legal representatives, have determined a potential current or future problem with its current rate structure, which was originally intended as a variable rate payout. Therefore, Lab Rat Data Processing is amending its variable rate payout with a set rate payout of 100 MH/s per contract. This rate payout shall be for all current contract-holders and all future contract-holders.  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.

Lab Rat Data Processing will continue to monitor developments for cryptocurrencies and Bitcoin in particular, seeking to maintain its current status as a leader in the Bitcoin community and to maintain compliance with US and New Jersey laws.

More information to come.

LabRat is very very busy...please...



 

Labrat.
Just a reminder. You took people's property valuing ~$750,000 to kick off LRM. Property which today should be worth ~$4,500,000.
An update before we end the sixth week since the last one would be nice. Even an update on when you might even give a real update.

At least indicate that you're still committed to LRM being an actual success.

Anyone have some cheese we can set out in the forum?

hahahahaha thanx for that always good to start the morning off with a laugh.

Can Lab_rat make an appearance please , Please don't shy away from pissed of investors & lots of unanswered questions for quite some time now. 

We have an in with BF, so yeah, refund and pour the cash that way.  I just wonder if there's a way to bridge the 45 day wait.  I also wonder why 45 days?  What could they be up to in that time that they can't refund the money immediately?

Provided we're getting the bonuses from BFL, I say keep the hardware, it puts it under $3 a GH, and it would be really stupid to start again in another queue, particularly as most of them are around June now.

Absolutely - REFUND! Please.

Maybe as strange a world as one where LRM has a trading platform, lists correct hash rates for the people that funded it LRM and where bonds are being bought and sold for at least the first issue price of BTC0.15....  and where bond holders aren't left uninformed on better details for national security reasons.