Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 120.

maqifrnswa

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Quote from: bobfranklin on February 04, 2014, 07:14:56 AM

He himself has said he hasn't taken a wage/salary from LRM.

He never said that. He said he didn't take a fee out of the first two weeks of dividends he withheld from new hardware, and he explicitly said he takes a fee out of his 25%. But has never said what that fee is.

Also, how do you know he just didn't give himself shares at IPO?

sparky999

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Quote from: CumpsD on February 04, 2014, 08:08:14 AM

As you can see, fractal02 confirms the answers from sparky999 are non-authorative.

Only Lab_Rat can answer 100% correctly.

If I am wrong then where is lab-rat, gnrgb or his assistant to set everyone straight. I have been repeating myself for days now and it's all quiet. I want to be wrong I am one of the largest shareholders in this company but nothing points in that direction right now.

sparky999

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Quote from: fractal02 on February 04, 2014, 07:58:48 AM

If this is the epic ASIC plan...well...this is really lame...

Yup my point exactly.

CumpsD

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As you can see, fractal02 confirms the answers from sparky999 are non-authorative.

Only Lab_Rat can answer 100% correctly.

fractal02

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$Profile photo of fractal02$

Quote from: sparky999 on February 04, 2014, 05:15:22 AM

Quote from: CumpsD on February 04, 2014, 05:02:44 AM

Quote from: sparky999 on February 04, 2014, 04:38:03 AM

You would think if I was wrong lab-rat or gnrgb would put me straight right?

Does this have anything to do with the ASIC project? (the custom boards photo you posted)

Yes this is the asic project

WRONG.

The new rigs are just Bitfury chips inside.
It's the new String design for the H-Boards from Cscape ( https://bitcointalksearch.org/topic/one-string-a-novel-bitfury-miner-design-370932 ) with new M-board 50 PCI-e connectors.
Nothing more nothing less.

100TH mine and Dave from Megabigpower have already them in their mine...

If this is the epic ASIC plan...well...this is really lame...

With 5 Millions Dollars buying mining gears instead of building an ASIC chip is totally stupid. Roll Eyes

Here the real winners : ASIC chip builders
The full win is =>

- Mine with your "at cost gears" + Sell your gears to ~~suckers~~ competitors/customers + Run an IPO/exchange based on your Hashpowers.
Money from everywhere ! Grin

sparky999

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If this was as good as everyone wants it to be for LRM then Zach would be shouting from the rooftops, what is actually happening is he is staying silent so that the questions will fade away. There is zach and his assistant and gnrgb and not one of them is coming in here to dismiss anything I have said.

I hoped I was wrong for the first few days after the announcement but it is very clear at this stage that this is not what we all wanted it to be.

bobfranklin

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Quote from: sparky999 on February 04, 2014, 04:38:03 AM

Unless partnership suddenly means working for another company and getting paid personally for that work then, no. The only thing that has changed is access to cheaper hardware and getting to share a small section of the coinseed location.

You would think if I was wrong lab-rat or gnrgb would put me straight right?

If this was a partnership with coinseed then share price would have more than quadrupled.

No one has said Zach is being paid by this Coinseed entity. He himself has said he hasn't taken a wage/salary from LRM. We've also not been told more than cheap power let alone do we get a share of the hashing power of coinseed. Just that we get a cheaper buy price.

Shares? I didn't know we could buy them. I've got bonds. They're different.

Quote from: CumpsD on February 04, 2014, 05:16:22 AM

Please quote the clear answers from Lab_Rat.

Agreed, LR/Zach has not made defined the answers you've given hard answers for. You may be right, but I suspect you're not.

I'm curious with the drop in power price how the 25% changes. More hardware to balance the relatively low cost or higher divs?

CumpsD

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Quote from: sparky999 on February 04, 2014, 05:15:22 AM

Quote from: CumpsD on February 04, 2014, 05:02:44 AM

Quote from: sparky999 on February 04, 2014, 04:38:03 AM

You would think if I was wrong lab-rat or gnrgb would put me straight right?

Not really, since they don't have the habbit to reply to the more interesting questions.

Clearly I am not the only one who has questions, so a clarification from Lab_Rat would be nice, and only from Lab_Rat, not anyone else posting in this thread who does not hold the truth with 100% certainty.

I'll give it a shot to put it in an easy format for Lab_Rat:

Do you have a share in CoinSeed? If so, how much?
Does LRM have a share in CoinSeed? If so, how much?
Is the electricity cost paid out of the 25% management fee?
Do you have time to manage 2 mines? Which one gets priority if both face urgent issues?
Does this have anything to do with the ASIC project? (the custom boards photo you posted)
Is there any new equipment planned already which will be bought together with CoinSeed? (I remember new bonds beeing issued for this)
How do you intend to grow LRM? Buying new hardware with a part from the 25%? New bonds?

No
No
Yes
Probably
Yes this is the asic project
Yes 156 Th
Yes both.

Any questions that haven't been answered in this thread already?

Please quote the clear answers from Lab_Rat.

sparky999

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Merit: 250

Quote from: CumpsD on February 04, 2014, 05:02:44 AM

Quote from: sparky999 on February 04, 2014, 04:38:03 AM

You would think if I was wrong lab-rat or gnrgb would put me straight right?

Not really, since they don't have the habbit to reply to the more interesting questions.

Clearly I am not the only one who has questions, so a clarification from Lab_Rat would be nice, and only from Lab_Rat, not anyone else posting in this thread who does not hold the truth with 100% certainty.

I'll give it a shot to put it in an easy format for Lab_Rat:

Do you have a share in CoinSeed? If so, how much?
Does LRM have a share in CoinSeed? If so, how much?
Is the electricity cost paid out of the 25% management fee?
Do you have time to manage 2 mines? Which one gets priority if both face urgent issues?
Does this have anything to do with the ASIC project? (the custom boards photo you posted)
Is there any new equipment planned already which will be bought together with CoinSeed? (I remember new bonds beeing issued for this)
How do you intend to grow LRM? Buying new hardware with a part from the 25%? New bonds?

No
No
Yes
Probably
Yes this is the asic project
Yes 156 Th
Yes both.

Any questions that haven't been answered in this thread already?

CumpsD

sr. member

Activity: 476

Merit: 250

Quote from: sparky999 on February 04, 2014, 04:38:03 AM

You would think if I was wrong lab-rat or gnrgb would put me straight right?

Not really, since they don't have the habbit to reply to the more interesting questions.

Clearly I am not the only one who has questions, so a clarification from Lab_Rat would be nice, and only from Lab_Rat, not anyone else posting in this thread who does not hold the truth with 100% certainty.

I'll give it a shot to put it in an easy format for Lab_Rat:

Do you have a share in CoinSeed? If so, how much?
Does LRM have a share in CoinSeed? If so, how much?
Is the electricity cost paid out of the 25% management fee?
Do you have time to manage 2 mines? Which one gets priority if both face urgent issues?
Does this have anything to do with the ASIC project? (the custom boards photo you posted)
Is there any new equipment planned already which will be bought together with CoinSeed? (I remember new bonds beeing issued for this)
How do you intend to grow LRM? Buying new hardware with a part from the 25%? New bonds?

brox

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Quote from: sparky999 on February 04, 2014, 04:38:03 AM

Unless partnership suddenly means working for another company and getting paid personally for that work then, no. The only thing that has changed is access to cheaper hardware and getting to share a small section of the coinseed location.

You would think if I was wrong lab-rat or gnrgb would put me straight right?

If this was a partnership with coinseed then share price would have more than quadrupled.

What share price you are talking about - the one you cannot trade?

sparky999

sr. member

Activity: 473

Merit: 250

Unless partnership suddenly means working for another company and getting paid personally for that work then, no. The only thing that has changed is access to cheaper hardware and getting to share a small section of the coinseed location.

You would think if I was wrong lab-rat or gnrgb would put me straight right?

If this was a partnership with coinseed then share price would have more than quadrupled.

bobfranklin

member

Activity: 116

Merit: 10

Quote from: sparky999 on February 03, 2014, 07:11:50 PM

Quote from: CumpsD on February 03, 2014, 05:20:13 PM

That's not what Lab_Rat wrote, see above in red.

This is why I am asking for a clear answer from Lab_Rat to explain everything in more detail.

I don't care how it was worded. It is very clear Zach has been hired to build out and run this farm. As a courtesy Kaufman has let zach host labrat mining hardware at the same facility and let them piggy back on orders to get cheaper hardware. Lab rat mining is basically a side show now.

It is? My understanding was that he was in partnership with the other 2 which gives cheaper hardware costs, cheaper power while supporting the hosting location and anything that can be done to assist CoinSeed.

I guess clarification would be needed.

bittymitty

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Merit: 250

Quote from: sparky999 on February 03, 2014, 07:11:50 PM

Quote from: CumpsD on February 03, 2014, 05:20:13 PM

That's not what Lab_Rat wrote, see above in red.

This is why I am asking for a clear answer from Lab_Rat to explain everything in more detail.

I don't care how it was worded. It is very clear Zach has been hired to build out and run this farm. As a courtesy Kaufman has let zach host labrat mining hardware at the same facility and let them piggy back on orders to get cheaper hardware. Lab rat mining is basically a side show now.

I'm not sure how Lab_Rat will find time for this second farm as he doesn't even have 15 minutes to spare at the end of each day...

Endlessa

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Quote from: Lab_Rat on February 02, 2014, 11:26:56 AM

GHash.io is a very temporary solution. There's something in the works with Merlin that will make this problem go away.

Thanks LR, that makes me really happy to hear. The amount of hash we're talking about deploying will have whole number percentages of increase for that pool. I definitely don't want to be the peeps that pushed GHash closer to the line.

sparky999

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Activity: 473

Merit: 250

Quote from: CumpsD on February 03, 2014, 05:20:13 PM

That's not what Lab_Rat wrote, see above in red.

This is why I am asking for a clear answer from Lab_Rat to explain everything in more detail.

I don't care how it was worded. It is very clear Zach has been hired to build out and run this farm. As a courtesy Kaufman has let zach host labrat mining hardware at the same facility and let them piggy back on orders to get cheaper hardware. Lab rat mining is basically a side show now.

bigasic

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Quote from: sparky999 on February 03, 2014, 01:44:30 PM

Quote from: CumpsD on February 03, 2014, 01:31:46 PM

Lots of ROI discussion, but can anyone already tell me which % share LRM owns in the new venture? And if LRM funds are invested in it? And if they are, how the return for us will look.

0%

labrat just got a new job with a diff company basically and we get cheap hardware and electricity because of it - the ball is still in the air as to whether this is good or bad fro LRM.

Dont get me wrong, I NEED LRM to succeed, but he was paying for the electricity anyways out of the 25 percent fee, so if LRM is getting free or cheap electricity, I would hope that he would decrease his fee or do something that will benefit us. Like I said, he was paying the electrical out of his 25 percent so that part of the deal doesn't really pertain to us, unless there is something that I dont know..

It would be great if he passed the saved bitcoin to us....

I, too, would like a detailed answer on how this venture is going to benefit us other than the cheaper electricity and cheaper equipment, perhaps? If it wasnt for us, there would be no LRM (especially the big investors). As long as this venture makes my shares worth it, and the dividends up there, then im happy.

CumpsD

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Quote from: sparky999 on February 03, 2014, 05:15:49 PM

Quote from: CumpsD on February 03, 2014, 03:16:01 PM

Quote from: Lab_Rat on January 23, 2014, 10:35:25 PM

As released today on BusinessWire and CoinDesk, LabRatMining is working with CoinSeed CEO, Merlin Kauffman, to help CoinSeed build out an extremely large scale mine. By partnering up with Merlin, LabRatMining will also benefit from the economies of scale on the hardware and build-out alike. We're looking forward to a longstanding relationship with CoinSeed and Dave Carlson of MegaBigPower. The circumstances involved in this deal ensure that LabRatMining is here to stay.

Yep, guess I read that wrong, LabRatMining will help CoinSeed build out a farm.

Nooooooooooo you still have it wrong, Zach is helping build out the Coinseed farm and he is getting paid for it. Lab-Rat mining isn't doing anything and isn't getting paid for anything.

That's not what Lab_Rat wrote, see above in red.

This is why I am asking for a clear answer from Lab_Rat to explain everything in more detail.

sparky999

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Activity: 473

Merit: 250

Quote from: CumpsD on February 03, 2014, 03:16:01 PM

Quote from: Lab_Rat on January 23, 2014, 10:35:25 PM

As released today on BusinessWire and CoinDesk, LabRatMining is working with CoinSeed CEO, Merlin Kauffman, to help CoinSeed build out an extremely large scale mine. By partnering up with Merlin, LabRatMining will also benefit from the economies of scale on the hardware and build-out alike. We're looking forward to a longstanding relationship with CoinSeed and Dave Carlson of MegaBigPower. The circumstances involved in this deal ensure that LabRatMining is here to stay.

Yep, guess I read that wrong, LabRatMining will help CoinSeed build out a farm.

Nooooooooooo you still have it wrong, Zach is helping build out the Coinseed farm and he is getting paid for it. Lab-Rat mining isn't doing anything and isn't getting paid for anything.

Doff

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Quote from: CumpsD on February 03, 2014, 03:16:01 PM

Quote from: Lab_Rat on January 23, 2014, 10:35:25 PM

As released today on BusinessWire and CoinDesk, LabRatMining is working with CoinSeed CEO, Merlin Kauffman, to help CoinSeed build out an extremely large scale mine. By partnering up with Merlin, LabRatMining will also benefit from the economies of scale on the hardware and build-out alike. We're looking forward to a longstanding relationship with CoinSeed and Dave Carlson of MegaBigPower. The circumstances involved in this deal ensure that LabRatMining is here to stay.

Yep, guess I read that wrong, LabRatMining will help CoinSeed build out a farm.

Clarification would be fantastic, I think the only reason I refrain from going off in this thread is I keep getting my 5 dollar Banana each week.

Right now I just consider this a complete loss.

Oh, and where the eff is the trading interface on the website? Can Lab Rat please pay someone to build that real quick? sigh..

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 120. (Read 452224 times)