Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 193.

||bit

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Quote from: M31 on October 29, 2013, 05:08:04 PM

Off topic a little, but I did use funds generated by LRM!

I managed to haul my fat gimpy ass down to the opening of the world's first BTC ATM today, and strangely enough, they told me that I am the first customer to sell BTC for fiat on one of these machines. Didn't get a prize, but I will frame the receipt and the $$, since to me it's kind of a big deal.

Enjoy...

That's kinda creepy with the hand scan. Can you use it without doing a hand scan? For example, using only a QR code?

Epoch

legendary

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Quote from: Atruk on October 29, 2013, 11:52:28 PM

Quote from: contactmike1 on October 29, 2013, 11:01:49 PM

You only missed out on one week of dividends by being a small quantity holder (the week with the fee). No other weeks have this fee, so if you missed additional dividends due to late verification, you will be back-paid dividends for those weeks.

Whole thing still seems scammy.

We all, including Lab_Rat, know that he screwed up with those ridiculous transaction fees instead of doing a single multi-transaction. What he *should* do is repay the silly fee he charged by adding it to the next dividend payment. Admit he screwed up and eat the fee as part of his 25% rake. There's nothing stopping him from doing that. Except, perhaps, greed. Let's see what he does.

Atruk

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Quote from: contactmike1 on October 29, 2013, 11:01:49 PM

You only missed out on one week of dividends by being a small quantity holder (the week with the fee). No other weeks have this fee, so if you missed additional dividends due to late verification, you will be back-paid dividends for those weeks.

Whole thing still seems scammy.

contactmike1

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Activity: 672

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Quote from: daemonfox on October 29, 2013, 10:58:03 PM

I've sent my verification email now that most should have already been validated.

I just want to express... as a small quantity holder... I feel screwed out of what should have been decent dividends for these last few weeks... I have received NOTHING and now that difficulty is racing due to BFL finally catching up and the rest of the vendors coming out... LRM is only going to play a chasing game... it feels like having less than 20 bonds is not even worth the time it took to buy the few I own...

Those with less than 20 bonds should be entitled to refuse payout until a certain threshold of BTC has been reached... instead of getting nothing week after week because of these new fees... it is not right IDC how much work you say it is... this whole Bitfunder issue has ruined what I thought was going to be a decent, small time investment.

Here is my request... tally my earnings and payout my dividends once a month not weekly... I don't feel like losing part of it to fees when it is a VERY small amount to begin with... I feel I paid for bonds that only return enough to pay their own fees... and continue to lose face value.

You only missed out on one week of dividends by being a small quantity holder (the week with the fee). No other weeks have this fee, so if you missed additional dividends due to late verification, you will be back-paid dividends for those weeks.

daemonfox

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I've sent my verification email now that most should have already been validated.

I just want to express... as a small quantity holder... I feel screwed out of what should have been decent dividends for these last few weeks... I have received NOTHING and now that difficulty is racing due to BFL finally catching up and the rest of the vendors coming out... LRM is only going to play a chasing game... it feels like having less than 20 bonds is not even worth the time it took to buy the few I own...

Those with less than 20 bonds should be entitled to refuse payout until a certain threshold of BTC has been reached... instead of getting nothing week after week because of these new fees... it is not right IDC how much work you say it is... this whole Bitfunder issue has ruined what I thought was going to be a decent, small time investment.

Here is my request... tally my earnings and payout my dividends once a month not weekly... I don't feel like losing part of it to fees when it is a VERY small amount to begin with... I feel I paid for bonds that only return enough to pay their own fees... and continue to lose face value.

int03h

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Quote from: grnbrg on October 23, 2013, 12:23:30 PM

grnbrg.

PS: I haven't traded on BitcoinTalk, so I don't have an official reputation here, but I did run a shipping pool on the BFL forums. 42 BTC went through that thread. So I do have at least some track record with other people's money.

fuck me.. 42BTC.. glad I didn't throw any coin at that bullshit ! Wink

M31

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Activity: 139

Merit: 100

Quote from: Bargraphics on October 29, 2013, 05:28:22 PM

Quote from: M31 on October 29, 2013, 05:08:04 PM

Off topic a little, but I did use funds generated by LRM!

I managed to haul my fat gimpy ass down to the opening of the world's first BTC ATM today, and strangely enough, they told me that I am the first customer to sell BTC for fiat on one of these machines. Didn't get a prize, but I will frame the receipt and the $$, since to me it's kind of a big deal.

More pics to follow...

*Cool Picture*

Well done!

Now trade that dirty Fiat back into BTC.....

Dirty Fiat indeed!

Was thinking about buying a pizza with the Fiat, to keep the tradition going -- so one $20 for pizza and frame the other $20 along with the receipt from the ATM as a record of the first public BTC-->Fiat ATM transaction.

Bargraphics

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Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: M31 on October 29, 2013, 05:08:04 PM

Off topic a little, but I did use funds generated by LRM!

I managed to haul my fat gimpy ass down to the opening of the world's first BTC ATM today, and strangely enough, they told me that I am the first customer to sell BTC for fiat on one of these machines. Didn't get a prize, but I will frame the receipt and the $$, since to me it's kind of a big deal.

More pics to follow...

*Cool Picture*

Well done!

Now trade that dirty Fiat back into BTC.....

M31

full member

Activity: 139

Merit: 100

Off topic a little, but I did use funds generated by LRM!

I managed to haul my fat gimpy ass down to the opening of the world's first BTC ATM today, and strangely enough, they told me that I am the first customer to sell BTC for fiat on one of these machines. Didn't get a prize, but I will frame the receipt and the $$, since to me it's kind of a big deal.

Enjoy...

Obligatory Pizza purchase, just to score another first. Keeping one of the $20s, and spent the other on 2 pizzas.
Found a nice background for it

CumpsD

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Quote from: grnbrg on October 29, 2013, 09:32:59 AM

An automated system is coming, and it will most likely have a 0.5% fee, with no minimum.

Fees, fees, fees.

Put the fee on the seller as it was with BitFunder.

BKM

sr. member

Activity: 315

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Quote from: Epoch on October 29, 2013, 10:05:20 AM

grnbrg can be trusted with this. My opinion.

grnbrg is trusted - my opinion and observation

Epoch

legendary

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grnbrg can be trusted with this. My opinion.

grnbrg

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Official LRM shill

Quote from: a2offrb on October 29, 2013, 01:50:39 AM

Ur point that someone trust u and because of that someone other must to??? sounds like.....

(.....)

I dont want to send you my Bitcoins. Any ideas?

So.... don't? No one said you have to trust me. Do your transaction through Lab_Rat if you like. Although if he is busy, he might refer you to me. Or send the payment through someone you do trust, and you'll only have the fee to worry about. (But email me in advance, so everyone can agree on the process.)

Or wait until there is some automated trading platform functioning.

Quote from: a2offrb on October 29, 2013, 01:50:39 AM

Quote from: grnbrg on October 23, 2013, 12:23:30 PM

As far as the 0.025BTC fee.... I'll be honest and say that I suggested that. Until there is an automated system that only needs to be reviewed occasionally, trades are going to have to be handled manually.

"Fee" 0,025*205$(btc price)*(60/7,5)=41$/Hour for something can be easily automated? Just with some BASIC programming skills?

I haven't had anyone approach me yet for a trade, and I think I'll be surprised to see eight in a day, much less an hour. And based on the issues I've seen with people trying to sign a message to send to Lab_Rat to validate their account, the hard part of vetting trades is going to be getting the signed messages from both parties correct.... I don't think $5 is unreasonable.

And again -- no one is being forced to pay anything. An automated system is coming, and it will most likely have a 0.5% fee, with no minimum. You can wait for that, if you like.

grnbrg.

PS: I haven't traded on BitcoinTalk, so I don't have an official reputation here, but I did run a shipping pool on the BFL forums. 42 BTC went through that thread. So I do have at least some track record with other people's money.

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

Quote from: twmz on October 29, 2013, 07:55:57 AM

Quote from: zulover on October 29, 2013, 02:34:39 AM

How can we open a new account to buy shares?

There are no accounts anymore. Find someone who is willing to sell you a share. Agree on a price. Both of you send the signed transaction details to LabRat or grnbrg as described earlier in this thread.

Correct. But let us know it's a new address/account so we don't have to go back and forth in email - "I can't find that address. Is it correct?"

grnbrg.

twmz

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Quote from: zulover on October 29, 2013, 02:34:39 AM

How can we open a new account to buy shares?

There are no accounts anymore. Find someone who is willing to sell you a share. Agree on a price. Both of you send the signed transaction details to LabRat or grnbrg as described earlier in this thread.

PoUpA

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With the current Hashrate / bond I don't think so ( you can buy perpetual mining bond @0.1btc/GHs on cex.io) but perhaps with the new hardware buy and hashrate increase

Jeffrey

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Curious to see if the shares will ever go back up to their initial value of 0.15-0.2 ish

zulover

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How can we open a new account to buy shares?

karusloom

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So as i spoke to punin, according to his plans Bitfurystrikesback is prepareing to start sale from stock w over night shipping in a week, is LRM takeing part of this action as well or not. Better to hash away right away or.. Wink

just a question .

a2offrb

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Activity: 453

Merit: 101

RISE WITH RAYS FOR THE FUTURE

Quote from: grnbrg on October 28, 2013, 10:03:34 PM

Quote from: pascal257 on October 28, 2013, 09:52:20 PM

I still don't understand how grnbrg is affiliated with LRM and where his reliability comes from that he's eligible to act as escrow / asset manager.

I spent a lot of time on the BFL forums and shoutbox, and built a reputation there. Based on that reputation, @Lab_Rat trusts me to accurately process trades and report them to him for recording. Not that I intend there to be much left to to trust.... When I log a trade with him, the email will include the signed trade request from both parties, and therefore unfakable.

grnbrg.

Ur point that someone trust u and because of that someone other must to??? sounds like.....

Quote from: grnbrg on October 23, 2013, 08:06:45 AM

Quote from: fran2k on October 23, 2013, 07:39:24 AM

I'm selling 130 shares cheap if anyone is interested.

I would like to know how we are going to trade the shares now.

I'm still working out the details with @Lab_Rat, but the short version is going to be that both parties will need to send an email to LR or myself, signed with the BTC address associated with the LRM shares outlining the transaction. "I want to buy 50 shares from

for XXXXBTC" "I want to sell 50 shares to

for XXXXBTC". I will provide a BTC address and will receive the funds from the buyer, and transmit them to the seller, less a 0.5% fee. (Minimum fee of 0.025 BTC.) Once I have received the payment I will update the master spreadsheet of bonds to reflect the requested sale.

The above may change slightly. And @Lab_Rat needs to set up the spreadsheet yet. But that's the idea.
grnbrg.

I dont want to send you my Bitcoins. Any ideas?

Quote from: grnbrg on October 23, 2013, 12:23:30 PM

Quote from: fran2k on October 23, 2013, 09:23:05 AM

Quote from: CumpsD on October 23, 2013, 08:31:41 AM

Great, more fees limiting liquidity. 0.025 fee on shares which are going for 0.05-0.07 right now.

You're only hurting the little guy who wishes to buy 1 or 2 shares at a time with a limited mining income.

I hope this is not the final solution as to how trading is going to happen?

I'd rather offer my developer services to create you a decent automated way

Umm, 0.5% fee is OK. But 0.025BTC min fee seems quite much.

Besides that, hope there's a solution working soon.

It's not final, @Lab_Rat is looking into automated solutions. (And the nastyfans website looks kind of cool....)

* grnbrg takes off any sort of "official" LRM hat. My thoughts here.....

As far as the 0.025BTC fee.... I'll be honest and say that I suggested that. Until there is an automated system that only needs to be reviewed occasionally, trades are going to have to be handled manually.
grnbrg.

"Fee" 0,025*205$(btc price)*(60/7,5)=41$/Hour for something can be easily automated? Just with some BASIC programming skills?

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 193. (Read 452224 times)