Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 119. (Read 452224 times)

Don't tell him I said anything, but I think I've discovered LRM's secret ASIC project:

BitcoinExaminer.org:  The ultimate technology to generate Bitcoins




grnbrg.

PS:  For those who need to be told - It's a joke.  

I was thinking....it takes time in this heat (4 days of 38+ Celsius)

Patience is golden, its Saturday again time flies 

We all hibernate until March

grnbrg

+1

Given that Lab_Rat hasn't really changed his posting habits (for good or bad) since LRM started, I think M31 had it right the first time.


grnbrg.

FYP

FUD happens here, whenever there's a gap in communication with LR.  I always take it that LR is working his ass off for his baby: LRM.

We'll hear from him soon, I'm sure.

I appreciate Zach's hard work but at the same time LRM still has long ways to go , just as a comparison , I bought few Petamine shares @ IPO rice of 0.065 i guess & have already received 25% of IPO price in dividends as BTC & now each share of Petamine is soon going to be hashing @ 2.4 Gh/s & with re-investment program it is going to grow overtime , simply put LRM has good competition but if LRM's plans work out then we should be happy

First off, I invested my bitcoins in LRM in hopes of making more bitcoins.  Why did you invest?

Second, I'm not broke.  I still have a decent holding of bitcoins.  I never said I was an investment guru though.  Only that I disagree that we've broken even yet.

This.

No need to debate. Just make your move and vote with your wallet.

Stats so far: total BTC returned, per share: 0.017-0.018BTC.
Shares are currently exchanging at ~0.066BTC (~$55)

If you think LRM will return dividends > 0.066BTC over the life of the investment or will appreciate/reach steady state, then buy. If you think it will return less than 0.066BTC, sell. If the only way you see LRM returning $55/share (more than triple what has been distributed so far) is if BTC rises in value, then think about what that means and how you could better optimize your return (hint: it's not by owning LRM).

If you wanted to hold on to your bitcoins why did you invest them in something ridiculously risky? Actions speak louder than words.

Also you assumed that from me. I think anything that makes you more money than you had before in terms of $$ is a good investment. Doesn't mean there weren't better "Investments" or actions that could have made more money.

Everyone on here is an Investment guru and pretends to know the future yet they are all broke. Tell me why that is.

I disagree.  If the bonds were bought with fiat then you can compare fiat return, but they were bought with bitcoin and they return bitcoin. 

By your logic if you gave someone all of your bitcoins and they slowly gave back 10% of them as the price increased you'd consider that a good investment. 

Just because you would have sold your bitcoins doesn't mean everyone else would have.

Don't get me wrong, I'm not complaining about the investment.  Not yet anyway.  As long as it eventually pays off enough and/or the price of the bonds goes back up enough to make up the difference then I'll consider my investment a success.  But as of right now I haven't made back my bitcoins yet.

Unfortunately this is the argument most people make and it's simply wrong in every which way.

You have no idea where the market is going, if you didn't buy LRM bonds you probably would have sold your coins at market rate. If you say "No I wouldn't have" well then you shouldn't be on here complaining because you obviously knew where the market was going and would be very wealthy right now.

This wasn't a Jab at grnbrg, just at that ideology of "would have, could have".

I do watch this thread pretty closely, even if I don't respond too much.  And I don't respond much, because a lot of the discussion is opinion based, and I'm somewhat reluctant to share my opinions on some things as there is a risk of it being perceived as LRM opinion.  And most of the factual questions I simply don't have answers to.  I do try to keep Lab_Rat informed on the discussions here, though and do get the impression he is extremely busy trying to make LRM (and therefore all of us) a success.  In my year and a half or so of active involvement in watching Bitcoin startups come and go, though, I have noticed two things:  1) Most companies end up (probably through experience) giving out less and less information over time because 2) whenever there is a setback or other "bad" news, they end up being beaten up with it.  It gets frustrating to deal with.

That said, what do I think...

The Fiat Break Even vs BTC Break Even debate:  (First off:  Everyone is using  ROI wrong.  You are looking for a break even point, or at very least a positive ROI.  But "I haven't made ROI yet!" doesn't make sense.  )  Yes, looking at the investment in terms of fiat doesn't really make sense.  Yes, if I liquidated my bonds at market rate, and sold those Bitcoins, plus my dividend Bitcoins, I'd be ahead in terms of fiat.  That makes me sort of happy.  But if I'd just bought coins, I'd have considerably more.  But the first rule of investing in stuff like this is "No more than you can afford to lose.", so you have no one other than yourself to blame for that choice.  In terms of BTC break even, each bond sold has so far been paid out 0.02-0.022BTC (give or take, on average) in dividends, which is 10-15%, depending on how much was paid for them (0.15-0.2BTC).  This is over the last 7 months or so, with the first couple giving no divs at all.  10-20% return per year to me seems to be a very well producing investment.  If I could pick stocks that performed that well in the real world, I'd be rich.  I don't (and never really did) expect my investment in LRM to break even within a year or two. 

And as far as CumpsD's list above...  The first two, I don't know the answer to.  Lab_Rat is involved with Coinseed, deeply enough that he was mentioned by name in their press release.  It's also the sort of detail we probably won't be given.  Yes, power and facilities costs are paid out of the 25% management fees.  Two data centres -- I can't answer that one, but if Lab_Rat has been busy with the LRM operation, you can expect him to be be busier with this extra stuff.  I'm not sure, but I think that the Coinseed and ASIC projects are separate.  Yes, Lab_Rat announced that a new ~156TH of equipment had been ordered (For LRM exclusive use) in conjunction with Coinseed.  And yes, LRM is being grown based in part out of the management fee and future bond sales.

One other thing:  Some one said that "Lab_Rat hasn't drawn a salary from LRM.".  What he actually said was "I also haven't even taken a paycheck this year yet.", which isn't quite the same.



grnbrg.

I am not saying thay have not read it, I actually agree with you, there are questions they seem to quickly read over and choose to ignore.

That does not mean we need to stop asking them

there is no way that one of those 3 people have not read this thread in the last 5 days or whatever it is now - everyone is silent, everyone is avoiding answering the questions that have been asked. Silence may not imply I am correct but it does imply there are questions that Zach would prefer not be answered right now, for whatever reason that may be.

One of the reason the bond price doesn't skyrocket is also partly because of the flawed communication, uncertainty. You don't really know what you own, as you can see from the replies to seemingly simple questions, everyone seems to have a different interpretation

As long as Lab_Rat does not reply, nobody can tell if you need to be set straight or not, since silence is just that... silence, it does not imply you are correct.