Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 144. (Read 452235 times)
January 10, 2014, 01:31:37 PM
I would agree with putting the altcoins 100% toward hardware at this point. Right now feels like an extremely critical time for LRM.
January 10, 2014, 11:37:18 AM
I'm not planning on buying GHS on CEX, no worries.
But I'm also not moving over the rest of the HW due to the high network percentage.
Buying back bonds right now is just not a good idea as I'm trying to raise as much funds as possible to get LRM to expand. There are a couple projects going on that are limiting LRMs flow of cash making that move irresponsible.
I'd have no problem with this in April or so.
I'm likely going to take the alt coins for the time being to use 100% toward hardware.
But I'm also not moving over the rest of the HW due to the high network percentage.
Buying back bonds right now is just not a good idea as I'm trying to raise as much funds as possible to get LRM to expand. There are a couple projects going on that are limiting LRMs flow of cash making that move irresponsible.
I'd have no problem with this in April or so.
I'm likely going to take the alt coins for the time being to use 100% toward hardware.
January 10, 2014, 10:32:01 AM
I'd like to see the alt coins split just like the BTC are being split: 75% to investors, 25% to new hardware.
January 10, 2014, 09:56:49 AM
Buying GH on CEX is a bad idea, imo.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
Currently based on the "Trade-book Thread" LabRat would only be able to buy around 400 Shares for 26BTC (What I estimate he would get for the Alt Coins currnetly)
This means our shares would be worth 0.8% more.
My recommendations would be to wait til we have a trading platform to do this as there will likely be more people willing to get out lower once it's on an actual exchange.
I also recommend to not tell the community you are doing this until after it is done.
My final recommendation is to just give out dividends on the Alt Coins in one lump sum currently and then cash them out weekly at the current going rate and add it to the dividends.
January 10, 2014, 08:34:26 AM
Buying GH on CEX is a bad idea, imo.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
Good point
This is a tried and true strategy for companies which feel their share (bonds) are undervalued. It is also a huge confidence statement on the part of management.
+1
January 10, 2014, 08:14:11 AM
I like the sound if that too.
January 10, 2014, 07:15:20 AM
Buying GH on CEX is a bad idea, imo.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
Good point
This is a tried and true strategy for companies which feel their share (bonds) are undervalued. It is also a huge confidence statement on the part of management.
January 10, 2014, 06:07:02 AM
Buying GH on CEX is a bad idea, imo.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
Good point
This is a tried and true strategy for companies which feel their share (bonds) are undervalued. It is also a huge confidence statement on the part of management.
Seconded
-DiggeR
That makes five people with an immediate affirmative response to thinking this is the [best] thing to do with the alt coin returns.
Labrat or grnbrg ... any response or thoughts of yours on this would be appreciated.
I think it'll give us a good boost as bondholders and increase what we can put towards this asic venture potentially as bonus above the 25%
January 10, 2014, 04:29:15 AM
Buying GH on CEX is a bad idea, imo.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
Good point
This is a tried and true strategy for companies which feel their share (bonds) are undervalued. It is also a huge confidence statement on the part of management.
Seconded
-DiggeR
That makes five people with an immediate affirmative response to thinking this is the [best] thing to do with the alt coin returns.
Labrat or grnbrg ... any response or thoughts of yours on this would be appreciated.
January 10, 2014, 12:36:41 AM
If they tried a double spending attack, It would be very foolish. While they would get away with some coins, I don't think that they would get away with much. They are making too much money right now. If they did an attack, it would make the coin plummet along with their business. Do I think we should worry about it? absolutely, but it makes no sense as to why they would do a 51 percent attack, why ruin a good thing?
If they keep to their recent statement, I think everything will be fine. Lets hope that other pools start to get bigger..
If they keep to their recent statement, I think everything will be fine. Lets hope that other pools start to get bigger..
They have already double spent against justdice. They also limit their block size to 250kb. Do they have the best interests of bitcoin at heart, or is it just greed?
January 09, 2014, 09:25:51 PM
Maybe we could consider bitparking.
- 1.5% BTC fee
- Transaction fees paid to block finder
Given our hashrate, these two would cancel out. Maybe even end up ahead of a zero fee pool....
grnbrg.
January 09, 2014, 09:19:22 PM
Maybe we could consider bitparking.
The down side is that it's `18.8 TH/s total. LR would more than double it's hash rate but it might not be enough for low variance.
I'm also unsure about features like notifications if offline etc.
- 4 merged coins
- 1.5% BTC fee
- Transaction fees paid to block finder
The down side is that it's `18.8 TH/s total. LR would more than double it's hash rate but it might not be enough for low variance.
I'm also unsure about features like notifications if offline etc.
January 09, 2014, 06:46:18 PM
If they tried a double spending attack, It would be very foolish. While they would get away with some coins, I don't think that they would get away with much. They are making too much money right now. If they did an attack, it would make the coin plummet along with their business. Do I think we should worry about it? absolutely, but it makes no sense as to why they would do a 51 percent attack, why ruin a good thing?
If they keep to their recent statement, I think everything will be fine. Lets hope that other pools start to get bigger..
If they keep to their recent statement, I think everything will be fine. Lets hope that other pools start to get bigger..
January 09, 2014, 01:53:06 PM
Ghash.io answer : https://ghash.io/ghashio_press_release.pdf
January 09, 2014, 01:12:47 PM
While I understand the points, and everyone's frustration about GHash.io and CEX.io... just as Lab_Rat confirmed our Bitfury gear is nearly here, would you not agree others have gotten theirs just recently? Are we really freaking out because CEX probably got a shit ton of Bitfury gear and put it all online faster than the public can get theirs online? I get it, they are the biggest pool right now... but there is a finite amount of hardware that they can add due to supply and this is likely a spike and will be countered shortly by others putting gear online at other pools.
I feel like the FUD is hysterically spreading... and should GHash.io do something stupid, the external miners will leave and there won't be an issue anymore.
For right now though... who else has a pool for external miners with zero fees and triple merge mining AND a consistent uptime? Add the internal exchange and the fact you can send LTC to trade for BTC and buy GHashes... it is easy to see why most want to be there.
Maybe, instead of boycotting GHash.io, the community needs to challenge the other pools to step it up? If they were as attractive as GHash.io, we would again not have a problem.
I feel like the FUD is hysterically spreading... and should GHash.io do something stupid, the external miners will leave and there won't be an issue anymore.
For right now though... who else has a pool for external miners with zero fees and triple merge mining AND a consistent uptime? Add the internal exchange and the fact you can send LTC to trade for BTC and buy GHashes... it is easy to see why most want to be there.
Maybe, instead of boycotting GHash.io, the community needs to challenge the other pools to step it up? If they were as attractive as GHash.io, we would again not have a problem.
Agreed - its like Bata going to Africa and seeing a market rather than a place where nobody buys shoes..... CEX / Ghash needs a viable competitor. The model is clearly successful. Its an opportunity. In the meantime, they are about as likely to roast the goose that lays the golden egg as they are to screw up the very thing that makes them successful. I predict that they will announce shortly, much like Slush or BTCGuild (if I recall correctly) did a while back, that they will throttle the join rate to limit the % growth.
January 09, 2014, 09:03:22 AM
While I understand the points, and everyone's frustration about GHash.io and CEX.io... just as Lab_Rat confirmed our Bitfury gear is nearly here, would you not agree others have gotten theirs just recently? Are we really freaking out because CEX probably got a shit ton of Bitfury gear and put it all online faster than the public can get theirs online? I get it, they are the biggest pool right now... but there is a finite amount of hardware that they can add due to supply and this is likely a spike and will be countered shortly by others putting gear online at other pools.
I feel like the FUD is hysterically spreading... and should GHash.io do something stupid, the external miners will leave and there won't be an issue anymore.
For right now though... who else has a pool for external miners with zero fees and triple merge mining AND a consistent uptime? Add the internal exchange and the fact you can send LTC to trade for BTC and buy GHashes... it is easy to see why most want to be there.
Maybe, instead of boycotting GHash.io, the community needs to challenge the other pools to step it up? If they were as attractive as GHash.io, we would again not have a problem.
I feel like the FUD is hysterically spreading... and should GHash.io do something stupid, the external miners will leave and there won't be an issue anymore.
For right now though... who else has a pool for external miners with zero fees and triple merge mining AND a consistent uptime? Add the internal exchange and the fact you can send LTC to trade for BTC and buy GHashes... it is easy to see why most want to be there.
Maybe, instead of boycotting GHash.io, the community needs to challenge the other pools to step it up? If they were as attractive as GHash.io, we would again not have a problem.
January 09, 2014, 07:37:17 AM
I am unhappy that we are mining on ghash.io also.
My policy would be, big enough pool to get reasonable variance and stability, nothing bigger.
My policy would be, big enough pool to get reasonable variance and stability, nothing bigger.
That is probably the best.
41% in the last 24 hours...that is crazy.
I know, moving to another pool is a bit of a work for LRM, but it should be done.
January 09, 2014, 07:18:39 AM
I am unhappy that we are mining on ghash.io also.
My policy would be, big enough pool to get reasonable variance and stability, nothing bigger.
My policy would be, big enough pool to get reasonable variance and stability, nothing bigger.
January 09, 2014, 05:34:51 AM
Seriously, shouldn't you stop mining at GHash.IO???
They already got 38% of the total network hashrate?
https://blockchain.info/de/pools
They already got 38% of the total network hashrate?
https://blockchain.info/de/pools
Seem everyone is boycotting today - https://bitcointalksearch.org/topic/m.4406320
January 09, 2014, 05:24:11 AM
Buying GH on CEX is a bad idea, imo.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
A better idea would be for LR to buy LRM bonds from people selling them. And deleting the acquired amount from the list of outstanding bonds.
Good point
This is a tried and true strategy for companies which feel their share (bonds) are undervalued. It is also a huge confidence statement on the part of management.
Seconded
-DiggeR
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