Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 195.

tyrion70

legendary

Activity: 934

Merit: 1000

Quote from: twmz on October 28, 2013, 07:25:03 AM

I know it annoys you to have to read this thread, but you'll find that answers to most of your questions are here if you look.

If you know, why don't u do something about it? At least I know of the existence of btctalk.. There are also people that just use bitfunder... I don't mind reading the thread.. I also don't mind reading labrat.com, I also don't mind reading news on Bitfunder.. What I do mind is that the important information is not in 1 place but spread out over different places. That is a choice and a bad one if you ask me.

Quote from: twmz on October 28, 2013, 07:25:03 AM

There was a fee only for the October 15th dividend payment. It was per shareholder and not per share because that's what LabRat decided to do (dictator get's to make the rules).

And you think asking 1800 bucks to pay some dividends is normal? Even for a dictactor Tongue

?

Quote from: twmz on October 28, 2013, 07:25:03 AM

LabRatMining is effectively no longer available on BitFunder. The asset is frozen and in the process of being delisted. Trading is now only via these forums and must be coordinated with either LabRat directly or with grnbrg.

Might things be different in the future? Maybe, but no specific plans have been announced.

We'll just have to see then I guess..

Don't get me wrong, I'm not upset (yet), I'm just suprised to see how this has been handled, and I would like to see one place with all the relevant information. Also if I'm the only one thinking it weird to pay LabRat money for just doing what he's supposed to do I guess I just have to live with it. I can't think of any good reason to charge well willing shareholders $5 for giving them what the are owned in the first place. If I want to get screwed I go to my bank :p

Cheers

twmz

hero member

Activity: 737

Merit: 500

Quote from: tyrion70 on October 28, 2013, 06:01:18 AM

I don't get it.. Was a fee charged or not??

If it was why the hell so much? And indeed don't say because he worked a few hours.. I don't recall an hourly wage being part of the LabRat plan..

Also, why a fee per person and not simply a fee per share? I can understand that the true costs from dividend payment (transaction fees and such) but those should be on a per share basis not on a per person basis! If anyone should be paying fees it should be the people entering addresses in the btc address field on bitfunder.

Lastly will trading on Bitfunder be enabled again in the future? Or will LabRat move to another exchange? Why don't u just unfreeze it untill 1st of December?

I know it annoys you to have to read this thread, but you'll find that answers to most of your questions are here if you look.

There was a fee only for the October 15th dividend payment. It was per shareholder and not per share because that's what LabRat decided to do (dictator get's to make the rules).

There was no fee in yesterday's dividend payment.

LabRatMining is effectively no longer available on BitFunder. The asset is frozen and in the process of being delisted. Trading is now only via these forums and must be coordinated with either LabRat directly or with grnbrg.

Might things be different in the future? Maybe, but no specific plans have been announced.

tyrion70

legendary

Activity: 934

Merit: 1000

I don't get it.. Was a fee charged or not??

If it was why the hell so much? And indeed don't say because he worked a few hours.. I don't recall an hourly wage being part of the LabRat plan..

Also, why a fee per person and not simply a fee per share? I can understand that the true costs from dividend payment (transaction fees and such) but those should be on a per share basis not on a per person basis! If anyone should be paying fees it should be the people entering addresses in the btc address field on bitfunder.

Lastly will trading on Bitfunder be enabled again in the future? Or will LabRat move to another exchange? Why don't u just unfreeze it untill 1st of December?

a2offrb

full member

Activity: 453

Merit: 101

RISE WITH RAYS FOR THE FUTURE

Quote from: mufa23 on October 27, 2013, 08:24:39 PM

Quote from: a2offrb on October 27, 2013, 07:07:15 PM

Quote from: mufa23 on October 27, 2013, 06:22:04 PM

No more fees are being charged. This was a one time thing due to BitFunder shutting down and he had to work some unexpected extra hours. I quoted him below:

Due to what???

Quote from: mufa23 on October 27, 2013, 06:22:04 PM

due to BitFunder shutting down

(p.s. they are shutting down US operations)

At the time, the payout with fee was made, was BitFunder working as normal also for US customers?

mufa23

legendary

Activity: 1022

Merit: 1001

I'd fight Gandhi.

Quote from: a2offrb on October 27, 2013, 07:07:15 PM

Quote from: mufa23 on October 27, 2013, 06:22:04 PM

No more fees are being charged. This was a one time thing due to BitFunder shutting down and he had to work some unexpected extra hours. I quoted him below:

Due to what???

Quote from: mufa23 on October 27, 2013, 06:22:04 PM

due to BitFunder shutting down

(p.s. they are shutting down US operations)

bobfranklin

member

Activity: 116

Merit: 10

All good here too!

a2offrb

full member

Activity: 453

Merit: 101

RISE WITH RAYS FOR THE FUTURE

Quote from: mufa23 on October 27, 2013, 06:22:04 PM

Quote from: tyrion70 on October 27, 2013, 06:01:03 PM

Is that still correct? You are charging us $5 per shareholder for sending dividends?

No more fees are being charged. This was a one time thing due to BitFunder shutting down and he had to work some unexpected extra hours. I quoted him below:

Due to what???
@ the moment dividends with that "fee" was paid, BitFunder was working as it was before it.(as i know)
So the straight payout was LabRats idea.

Quote

he had to work some unexpected extra hours

Oh really? You really think this is good explanation?

tyrion70

legendary

Activity: 934

Merit: 1000

Good to hear! It's kinda hard finding all the information atm

thanks!

Cheers,

mufa23

legendary

Activity: 1022

Merit: 1001

I'd fight Gandhi.

Quote from: tyrion70 on October 27, 2013, 06:01:03 PM

Is that still correct? You are charging us $5 per shareholder for sending dividends?

No more fees are being charged. This was a one time thing due to BitFunder shutting down and he had to work some unexpected extra hours. I quoted him below:

Quote from: Lab_Rat on October 26, 2013, 01:34:17 PM

Quote from: CumpsD on October 26, 2013, 01:21:20 PM

Is the current payout for everyone? Is there a fee for this payout?

Everyone who was confirmed with me, you being one of them, received divs. 8 confirms already.

NO FEES as I stated previously. Last payout was the only one...

tyrion70

legendary

Activity: 934

Merit: 1000

Hey LabRat,

Can you please post updates on bitfunder as well? I've been searching myself clueless to find info regarding the freeze and consecutive dividend payments Sad

Also I noted this on your website:

Quote

Dividends This Week

I'm going to take the asset list image from 12 noon EST today and pay out dividends based on that list manually this week.

Along with the help of an investor, I'm working on securing an automated payment system for LRM dividends, but for this week and possibly next I will have to pay out manually. This is a task sending hundreds of transactions by hand, so unfortunately I will be charging a small fee until the system is automated. This will be BTC0.025 per individual. If your dividends for the week are of equal or lesser value, you will not receive dividends this week. It appears the amount of bonds you must have in possession is ~20 to receive dividends.

This is not a permanent fixture in the LRM payout system!!!

Once automated, the only charge will be the transaction fees through the bitcoin network (generally BTC0.0005)

If you are curious as to why there were no transaction fees on bitfunder, that is due to the fact that the bitcoin never officially changed hands. The BTC stayed in their holding wallet and the numbers on the website changed.

Is that still correct? You are charging us $5 per shareholder for sending dividends?

You currently have 358 unique shareholders on Bitfunder. Are you saying you need $1790 to process dividend payments?? I really hope you forgot a 0 (or two there) otherwise I'll do it for you for a lot less (bitcoind sendmany??).

Good job on the rest though.
Cheers,

crazyearner

legendary

Activity: 1820

Merit: 1001

Quote from: Lab_Rat on October 27, 2013, 01:02:50 AM

Quote from: crazyearner on October 27, 2013, 12:15:50 AM

Got payment Thx was wondering where the few bitmils where coming in from

So what happens next then whats the future of LabRatMining?

Get a large quantity of hardware and keep paying out dividends this way. I've got a few ideas on things to do to make everything easier and more fun for everybody. Just going to take a little time to put plans into action.

Maybe we can talk as am in the process of setting a Bitcoin business up, Plus I can get hardware at good rates and no pre orders or waiting around. Maybe share ideas and come to maybe an agreement or maybe a partnership if your interested in listening to what I have to offer.

fran2k

hero member

Activity: 784

Merit: 500

grnbrg: Can you create a thread to post offers to buy/sell bonds until the final system is implemented in the website?

Just to keep public track of the trades and to not post in this thread that.

Maybe will be better, just an idea.

yuhannl

newbie

Activity: 33

Merit: 0

Quote from: zulover on October 27, 2013, 02:56:50 AM

ok so can i buy some more shares now, i was going to buy a large quantity just before the migration.

Same here, question is how do we buy that now? Who's willing to sell for 0.01BTC / share?
PM me and I'll take care of ya Cheesy

zulover

hero member

Activity: 583

Merit: 500

ok so can i buy some more shares now, i was going to buy a large quantity just before the migration.

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

Quote from: crazyearner on October 27, 2013, 12:15:50 AM

Got payment Thx was wondering where the few bitmils where coming in from

So what happens next then whats the future of LabRatMining?

Get a large quantity of hardware and keep paying out dividends this way. I've got a few ideas on things to do to make everything easier and more fun for everybody. Just going to take a little time to put plans into action.

John122

full member

Activity: 129

Merit: 100

Dividends received. Thanks for everything!
I can't wait for you to receive the BitFury hardware!! Grin

crazyearner

legendary

Activity: 1820

Merit: 1001

Got payment Thx was wondering where the few bitmils where coming in from

So what happens next then whats the future of LabRatMining?

zulover

hero member

Activity: 583

Merit: 500

Very good lrm, recidved mine also thanks I forgof all about the payout today ive going crazh with 32 avalon miniz setting up and selling off, with a day job it feally pilds on pressure. Lrm kdep up the good work wish I could but for aid with a good word.

Thank again.

ninthgate

newbie

Activity: 27

Merit: 0

I'm good -- rcvd the divs. looking forward to the next chapter for labrat mining!

BKM

sr. member

Activity: 315

Merit: 250

Quote from: Lab_Rat on October 26, 2013, 03:45:51 PM

Quote from: tar_meneldur on October 26, 2013, 03:22:40 PM

Got my payout. Thanks for all the work, LR!

Your thanks is much appreciated. Working really hard to make everything right for everyone and there's a lot going on right now.

Got mine today as well... TYVM.

BF crapping out was not on the project plan so thanks for making the best of a bad situation.... onward and upward

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 195. (Read 452224 times)