Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 111. (Read 452224 times)

To be honest grnbrg, its not that we want the math, we want the report as sign of profesionalism of his work.

It takes roughly 5 minutes to post it and it shows at least that he cares. The hardware updates probably need to be done monthly, wich i think it should be done as well.

Weekly Dividends Report - 5 mins - 30 mins TOP a month
Monthly Hardware Report - 30 mins to write down?

1 Hour to dedicate to inform us on the status.

Heh.  He's out of town again.  I'm trying to get him online for a bit.

And he confirmed to me previously that LRM had no exposure to any exchange.  The only BTC that touched an exchange was for immediate sale and withdrawal of fiat for expenses.

And I will set some time aside to do a weekly dividend summary -- I haven't mostly because the math is pretty easy, and you can work out the per bond payment and weekly total from any given individual payment....  But I can do that.  I'll also keep asking about new hardware, and post as soon as I have information on that front.  As far as I know LRM is still waiting on BFL and BitFury....



grnbrg.

Lol people are pissed & its understandable but your unfounded conspiracy post unfortunately wins you this round of Rat stuck in the Lab award.

Right after being pointed out that labrat still comes online, he's now offline for ~2 days in a row. I'm going take a guess that he's had btc held in mtgox which are payment for the gear(s) but now got stuffed over and lost them all.

The problem is that if i would take all money i have invested in LRM and keep them,
i would buy now 5.3 TH hardware and make money back in about 120-150 days.
But in LRM i dont even know WHEN my share will worth more than 1 GH per share.
Currently its like "There is your dividends, be quiet idiot".

I WANT TO KNOW WEEKLY:
1) Mined coins
2) Div per share
and:
+ AltCoins balance


LabRatMining with 0 communication and no respect was my baddest invest. *


*Also invested about 0,13 btc in IceDrill that is also totally bullshit. But in LRM invested amount is much bigger.


Added:
No any news on Monarchs. Ok. BFL is the garbage and all BFL workers are piece of shit. Josh is bullshit master and total asshole. So i think we can forget Monarchs for 2 months about. As i understand there is about 25 TH of BFL gear coming.

Why he is doing work with BitFury? If BitFury cannot deliver any of Hardware in what, about 2 months?  Or even 3??? Have LRM paid hardware? Will LRM have somekind of compensation??? How much LRM pay for HW? When it will be delivered?? U didnt got any HW from 12/21/2013?  

Maybe its time to change ur business partner?

What is the situation with coinseed? Can we get hardware from them?

Last week we mined about 28 BTC. 7 gone to pay electricity and other shit and also to reinvestment. Could u tell us, how much do u keep monthly to pay bills, how much u take to urself and how much do u REALLY REINVEST?


Last hardware update was: 12/21/2013
FEB is ended. MAR started. 0 update.
On 12/21/2013 Bitcoin price was around 600-700 $
from 1/4/2014 until 1/31/2014 it was 900-1000$, will that help to get more than 100 TH from bitfury?

Is payment for bitfury gear even done?

So as u see: We have many questions and many concerns about future that must be answered.

I love it. I was going to suggest a weekly newsletter of sorts. Your idea is pretty much the same under a different name.

Even if Zach has to pay somebody to write the darn thing just get it out there. The confidence it would instill translated into share value should offset any operational expenses.

I feel that we just need some more patience. There were no single signs that anything is going wrong.

The only real issue is a lack of communication. But actually it's absolutely usual in bitcoin world. As far as I remember Fried Cat of Asicminer is also not so verbose. But in proper time this did not prevent a lot of his shareholders to become rich.

Obviously that Zach is extremely busy. But this does not mean that he doesn't care.
He just do not like to talk until the real news.

Rats in the lab lolz     .... just kidding  .... Please forgive 

LRM was never a sure bet but Mt Gox was 100% going down for a long time...

Bought 8 gox coins for 1200€ a couple days before they announce that they fuked it up and now this...i feel goxed over and over again

This is the last thing i ever invest bitcoins into...i just keep them whatever happens...or at least purchase some things from time to time.

Well said.

Grnbrg,

Would it be possible for you to put together a weekly summary including, but not limited to:

• A list of known hardware items that are on the horizon for LRM and projected timing,
• A list of special projects that might affect hash rate and their projected timing,
• A tally of total BTC/share paid back in dividends, and
• Total ongoing bond count?

Perhaps then Zach can just plug in or give you answers/updates to this type of weekly report
without it taking more than a few minutes.

Agreed.
Nevertheless, one cannot deny a certain equivalence between the rather poorly-phrased statement "Zach gives zero fucks now" and the following more accurate statement:


Which, unfortunately, is spot on. It really does seem lately like the number of fucks he is giving is decreasing asymptotically towards zero

Absolutely Agreed! You will note from my post history that I have raised the issue of lack of communication for some time. What prompted my response to Sparky was the statement as fact that Zach gives zero fucks now. We all need to keep on the topic of how the almost complete absence of direct communications with the bondholders is unacceptable. Communication is a process - not an event.

Can anyone offer up a plausible reason for his behaviour?

I have never said I think the bonds are worth less than .03 which is what I could get if I sold now. That doesn't make any of lab rats behavior over the last month acceptable. If he had not logged into bitcoin talk in the last month I would be a lot more understanding but that is not the case he is choosing to ignore us for a reason and that is not ok with me and I am stunned you guys think its fine. If he had even continued to just post dividend details I would be a lot less frustrated but this wall of silence is deafening.

Ranting is the opposite of capitulation. Ranting has a small chance of increasing the value of our bonds in the long run, while walking away now means accepting a loss.
Walking away only makes sense if you're sure that the bond value will decrease in the future, no matter what we do and how hard we try to improve LRM's management. If that's what you believe, there really is no point in ranting.

Hence, ranting actually implies you have faith in LRM's future and want to improve its chances.

While I disagree with Sparky's tone (and I have great faith in LabRat all around), raising legitimate concerns should not be discouraged.

Not sure why you are suggesting that I have said LRM is sustainable by asking for less FUD. Perhaps somehow requesting no more FUD is FUD in your perception..... I'll leave you to the results of your own perspective.

Sparky stated something to the effect that Zach "does not give a fuck anymore". I have no proof that he does or does not other than the continued dividends. I will await evidence prior to capitulating to despair. If it is your preference to capitulate now then sell your bonds and move on.

As of this writing I note that neither you nor Sparky have bonds posted for sale - perhaps this is proof that you prefer to rant rather than walk. Rant away..... I shall respond no more.

Thank you

that statement is as much FUD as the statement "LRM is sustainable" is FUD. There really is no data either way. The burden of proof is on LR, and proving the project is sustainable is what investors/customers are paying him to do. He's not just getting paid to install mining hardware. He's a CEO, but he acts more like someone that really likes mining hardware and not financial statements, projections, corporate accountability, and accounting.

Nothing about the coinseed deal nor the secret ASIC project has been presented at all that shows if it is a good or bad deal for LRM. We know it's a great deal for LR (he got a job and he gets paid on hashrate regardless of whether the company fails), but no one knows if it's a good deal for LRM.