Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 157. (Read 452224 times)

I'm fairly sure it is today.

Looks like it has potential.

Might want to wait it out a bit to make sure it isn't a MCXNow pt.2  or Bitfunder pt. 2

https://crypto-trade.com/news/39

So.. today its the day with 25Th paying dividends? or next week?

Excited for today's distribution.

I've been thinking more about Scrypt mining (Litecoin specifically).  I am not sure it makes sense on a LRM scale anymore.

I used Coinwarz and put in a full BF rig for SHA256 mining + power usage (using current retail pricing) and put in an amount of KH/s for Scrypt that could be gained from the same $ put into GPU rigs and power usage based on my own rigs.  The result at this moment in time is Litecoin is only 111% as profitable as BTC.  Once you factor in the added cooling and power requirements for GPUs, it is probably a non starter.  Although, the drop off in profitability would probably be significantly less and I still doubt we'll see working ASICs in Scrypt that can compete in price and performance to GPUs for at least another year.  To maximize Scrypt profitability, LR would have to go chasing altcoins around or pick one of the better alts to focus on.  No time for that mess, so LRM should probably just focus on BTC now.  The other concern would be can he convert one coin to another to distribute as BTC or not without stepping outside of his legal bounds.  My gut tells me no.

In the future, if LR gets more time on his hands, it might not be a bad idea to look into it as a means to diversify and perhaps balance out some bad weeks of btc with good weeks of an alt.  I personally would not mind getting distributions in BTC and some other coin.  There are at least a few alts that are at the moment promising.

ActiveMining is getting set up to trade on Crypto-Trade, based in Hong Kong. Could that be an option for LRM?

If your not having waffles with the sex, your doing it wrong.

Smells like bacon after awesome morning sex... with waffles... I mean waffles with the bacon... not the sex...

Mmmm, I love the smell of BitCoin in the morning...... 

So you are the first RAt in THE LAB ! Congratulations

ok...

HEHEHE I love hearing people say "I have been here since the beginning..." it makes me giggle... ever so slightly.

Other than the possibility that the privately purchased shares for the big investors that Zach worked with at the start... I am the very first LRM owner... I was primed and ready to go the moment LRM went live and bought the first shares available to the public in the first few seconds. If those shares were live before the other holders got theirs assigned... then I am definitely his first investor... even if it was a very small amount.

My feeling is that LR should resolve the trading solution before offering more bonds. This may help alleviate the bond price depreciation. Why sell new bonds at BTC0.10 when you can sell them for maybe BTC0.15 or BTC0.20?

Also, if the potential deal is what LR says, he could capitalize on this with an advertisement campaign. But again, having a trading solution would be important to resolve before proceeding with such plans. Again, that's just my feeling on it.

After missing KNCminer boat...

I hope LabRat take a look at HashFast :

https://hashfast.com/hashfast-announces-fastest-bitcoin-mining-chip-in-the-world/

And they have a wholesale program... 

+2, I made a similar post a few pages ago. Someone brought up a good point, the incentive to setup an easy trade procedure isnt there since the LRM funds have already been raised, and the company as a whole isnt affected by the current buy/sell price. I think we can all agree that having a more automated method of trading bonds would both sell the "LRM direct" bonds much faster, and entice more buyers and sellers to get involved. Ive been with LRM since the beginning, and dont plan on selling for a while, but knowing the valuation of the bond was still somewhat retained when i do decide to sell would make me much more comfortable.

+1

That's me in a nutshell. 

It's not a stock. And it's questionably a bond.

Anyway, I don't think there is too much attention allotted to those that want to trade the bonds. Some would like to sell, but the price is very depressed. Why? It seems in-part because it can't be easily traded. Evidence of that is just looking at the price pre- and post- Bitfunder. So, if a person decides to sell now, they are forced to take a deeper loss because of a lack of a any easy/fast trading procedure. Why should someone that merely changes their mind on a holding be required to sell their position for a loss in-part because the way to trade it is only a little better than making a craigslist posting?

You don't need to use the exchange as a wallet. The coins stay in your labrat wallet...unless you want to trade them. You can do this privately if desired.


The exact same thing if your HD crashes with the wallet you have on record with Labrat that you signed a message with. Dividends will still be paid in bitcoins to some bitcoin address.


Not in the scenario I described. If you have labrat coins in your labrat wallet. Register the wallet address on the LR website. It would be entirely automatic on the server side.


Yes. As long as you register the labrat wallet and provide a bitcoin address for dividends to be deposited.


I'm pretty sure the answer here is no. It isn't presented as an official US currency, and it doesn't look like any US currency.


The software is already proven. Bitcoin is no more real than any altcoin. Most of the altcoin software is the same - just launch any altcoin wallet and see. Your % holdings and dividends would not change one iota. Only the digital form of the bond.

Why so much attention in pandering to those who just want to trade the stock?

I doubt the altcoin concept offers any advantage apart from maybe getting it listed on a dubious exchange.

it opens up issues like what happens if my hd crashes, and I lose my lrm wallet?   
what if i made a private sale? while the transaction happens without an issue, both parties still have to go back to grnbrg to pay him his fee to update the ledger?? meanwhile the blockchain should be proof enough, right?  doesnt seem to fix anything apart from having it listed on an exchange of ill repute and exposing it to increased volatility and buyers who will have no idea what the heck they just bought.  and I all but guarantee that they'll have zero clue on how to digitally sign a message.
would lr pay divs on lrm coin fractions?
if lrm bonds are replaced by a dividend paying alt coin, does lr draw scrutiny for coining money? 

if I wanted to buy fakecoin, or whatever, I wouldve bought one of the lamecoins.  I bought btc dividend paying bonds in lrm.  I'm not willing to restructure the holding just to buy some dubious beta.

I've thought of the same or similar, but figured it would be either difficult to find the programming talent to do that, or if we could find the talent, then the problem wold be whether they would be willing to do the programming. Maybe a poor presumption on my part. A possibly similar route is using mastercoin. I'm not sure how mastercoin works, but from my understanding, you can make your own customized coins with it that ride on top of the bitcoin protocol.

One possible major advantage of a Labratcoin is that the coin itself might become worth more by simply being a coin

Hmm... that might make it worth persuing more aggressively... Should we investigate that route more?

Suppose you have a labcoin/labratcoin/LRcoin/whatevercoin wallet. Each coin represents a share or bond. All you'd have to do is sign a message with the labrat wallet, with a bitcoin wallet address you want dividends sent to in the body of the message. Easy. The only thing LR would have to do is keep track of labrat coin wallet amounts. If a new labrat wallet is made, it would have to register an address on labrats website perhaps. Oh, but you still run into the problem of how to trade labratcoins for bitcoins. Maybe, get http://bter.com/ to pick it up as an altcoin. It's not like they are picky about what altcoins they include on the list. The advantage of labratcoin is that it's a coin that pays dividends. Wow. If it's easy to trade...that would make it worth a lot more... I'd think.

There are probably some nuances I'm missing though.