Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 121. (Read 452224 times)

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

I have no idea where you got that info, nothing like that was mentioned in the press release.

I thought LRM was a shareholder in the new company?

This is why I keep asking, would love some clarification from Lab_Rat (or grnbrg)

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.

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.

I can agree that FIAT ROI vs. BTC ROI folk can never be converted to the other camp.

Let me offer the only piece of advice in crypto that I have found to be 100% true (to date). Do not ever invest your crypto holdings in
anything that is tied to fiat. Feel free to invest your fiat in something that converts to crypto, but never the converse. I've failed to do
that in two discrete instances and it has cost me dearly.


But one thing is for sure. You won't hear me blaming someone else for my decision to violate the above rule.

Well anyone who is "really" happy about fiat ROI, would obviously be happy if this occurred...

Frank bought a case of beer for $20 2 weeks in advance of a holiday weekend. Bob his buddy, got suddenly invited to a birthday party in the meantime and said "Hey Frank, can I take that case of beer and owe you one". "Sure" says Frank, "but I need it back by 9pm on the Saturday for my holiday weekend party.". "Right on" says Bob, the days pass and Bob turns up to the party on the Saturday night with a 6 pack. "WTF???" says Frank, "Well" says Bob, "I was gonna pick it up on the way here, but a lot of the stores were closed at 8 for the holiday, I had to stop at an upmarket bar and pay $25 for that six pack, you made $5 on the deal!"

Send $1 to my paypal account if you think Frank should have been happy with his $5 fiat profit.

Send 0.001 to my BTC address below if you think Frank got ripped off.

Vote now!


But, to some extent, when we're expecting a mining co operator to spend the BTC at $100, $200 etc exchange rates to get the hardware orders in ASAP, being too upset when the price has outpaced the fiat investment by 500% is expecting them to get the kind of ROI only ever seen by the few batch 1 Avalon customers who actually got their machines delivered in the expected timeframe.

Doesn't mean we can't berate each other about it until the end of time!

Back on topic, when's the next hardware rollout? And do we have any firm plans for pool migration?

There is no debate, one side is wrong. Just because they don't understand basic math and economics does not make a debate, it just makes one side look stupid whenever they open their mouth.

And just to be clear, that banana is now worth $1000, right?

Can we please skip the ROI in terms of fiat or BTC debate?  It's been done a million times.  It's like religion.  Either you believe ROI in fiat is good or you don't.  You'll never convince anyone to change their mind.

I had $10 once, I bought two bananas for $5 each. I sold one banana for $3 and kept the other one. I'm happy cos I ROI'd in terms of Bananas.

Thank you for your fantastic contribution and the way you facilitate ongoing discussion in this thread.

Some retarded logic in this thread

Personally, when I invest/spend/sell my Bitcoin. I always base it on the USD Price at the time.

Some people think it this is flawed but honestly if I didn't Invest in Lab Rat Mining I would have likely sold the coin anyways. Everyone wants to play captain hindsight in these situations which is fine but I consider myself a realist and in reality everything was bought at the USD level simply using bitcoin since Lab Rat had to buy the equipment in USD but just paid using bitcoin.

So for myself I am happy that I have made a profit already from LRM in terms of USD and still own shares and still have all of these large quantities of hardware coming in.

I'm just stating this as my opinion, there will be others that try to argue that you put btc in so you want btc + some out which I still believe will happen but this is a growing mining bond so for that to happen it is going to take time. (Around 1 year was my initial assessment at the very least). I'm personally happy so far with the returns.

Yeah, like infinity Also funny thing with LRM - its impossible to get your money back

This is the right way to be looking at things for most of us, for those that started with USD we are past ROI.

I worked out the cumulative return 0.021531357 so far if you had from IPO.

Which means that we have paid back the dollar value of the bond.

at IPO BTC0.15 * $100 = $15

payout BTC0.021531357 * $810 = 17.44039917

We got a long way to go to cover the BTC however.

Hence my previous comment.... 180 TH in March is a great start, but if the model is as sustainable as it is intended to be, then we need to see a path to 8.6 PH in one year based on 20% compounded network growth. Hey, don't get me wrong, I HOPE that the network will stop the madness at some point, but such hope is driven by the speculation as to so many variables that it defies any reasonable sensitivity analysis..... So, what is the plan? Do we intend to maintain, grow... die or live in hope?

Consider my post here: https://bitcointalk.org/index.php?topic=251423.msg4709302;topicseen#msg4709302

Basically, by that reasoning, for bond value to be on par with (i.e. keeping up with) difficulty changes since first issue, LRM should be hashing near 560TH.