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Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 205. (Read 452224 times)

hero member
Activity: 686
Merit: 500
cant seem to transfer coins from weexchange to bitfunder, has the facility been cancelled now?
whats your current weexchange status? verified? are you a non-us?
hero member
Activity: 583
Merit: 500
 cant seem to transfer coins from weexchange to bitfunder, has the facility been cancelled now?
hero member
Activity: 924
Merit: 506
Hey guys when sending e-mail to Lab_rat for conforming shares , is e-mails body suppose to be the message that I need to sign , or can I use any message of my own.

That's my understanding. You sign the message of the body of the email, and avoid any extra spaces in the body on the start or end of each line of the body. That means it is probably best to not have a empty line above the body. So, if your bitfunder identifying address (a valid bitcoin address) were "1exampleJgoWFJT7eRWWXwaTpSfpGwe3Tz", the email subject line would be "1exampleJgoWFJT7eRWWXwaTpSfpGwe3Tz". But I think the bitcoin address in the body can be any valid address you have. The below is an example of the body, where the red text is the part of the body that is signed:
                                                                                               
Bonds: 50
Name: your_sending_email_address @ yahoo_or_whatever.com
BTC Address: 1exampleJgoWFJT7eRWWXwaTpSfpGwe3Tz


[copy/paste the valid signature below that, and send the email]
                                                                                               
hero member
Activity: 560
Merit: 500
Hey guys when sending e-mail to Lab_rat for conforming shares , is e-mails body suppose to be the message that I need to sign , or can I use any message of my own.
hero member
Activity: 784
Merit: 500
I am hoping to buy more bonds, I just would like to know how that will be done, after this BF mess is dealt with...

ˆThisˆ Exchange via this forum I guess.
hero member
Activity: 924
Merit: 1000
Coins Mined: ~85
Payout: ~61.25
Per Bond: ~0.001104

Dave stated he'd be setting up hardware next week and getting it ready to send out.  He will be sending it out in large bundles probably over the course of a week to 14 days as setting up this much equipment isn't an easy task.  It will start rolling in next week and what it accumulates between time of arrival and 14 days after it is all received will 100% go into additional hardware.  Dave is speaking of major major price decreases between this order and the next which means that the coins this equipment mines will not only have more purchasing power in terms of equipment price, but also BTC price.

I did wait until the last minute to take advantage of BTC price increases that have occurred recently.

I'm working on a verification spreadsheet to post that will alert anyone who has not verified addresses with me that I hope to have up tomorrow.  There is a lot going on right now, but I am working on it.

That was a great gamble that paid off.. From the looks of it, we will be able to get 20-50 percent more hashing power.. (depends on what the original deal was) Lets hope Dave goes by the Mt.Gox exchange disney dollars, lol..... I hope he atleast will go off of coinbase (they seem to be the best for selling right now)
sr. member
Activity: 493
Merit: 262
And, no. There is no breach of contract here.
Could you quote part of the contract that allowed him to charge the fee?

or are you planning on moving to another exchange?
Errr, what exchange exactly do you suggest? There are none left other than Havelock and I for one would not place much effort in making a switch as you can fully expect that they will be the next group to be in the focus of the SEC. If you were to read a little further you would see that LRM is working on a viable longer term solution which is based on self trading within his own website etc. This will also serve (I expect) to keep him onside of securities laws in the USA which are not something to be trifled with.....
You seem to live in the illusion that the US governs the world, while it seems that they can't even govern themselves. Havelock nor their operators are based in the US, so the SEC can go fuck themselves.

There's a reason exchanges exist, I don't think it's a good development that each stock wants to start its own internal/direct exchange.
hero member
Activity: 504
Merit: 500
Coins Mined: ~85
Payout: ~61.25
Per Bond: ~0.001104

The Diff is hard on this one...

Hopefully new hardware is coming.
member
Activity: 94
Merit: 10
Yeah, you just have to follow the instructions on the main website to verify your wallet.
hero member
Activity: 583
Merit: 500
Just relax and stay calm. Its all under control.

Just read a few pages back everything is explained.dividend will be paid together with next weeks manually by labrat.
hero member
Activity: 896
Merit: 500
Dolphins Finance TRUSTED FINANCE
Well...

LabRat asset-list address number : 391
Remove the 2 or 3 LabRat address and you have maybe 388. (correct me if you have the good numbers)

388*0.025BTC = 9.7BTC...

9.7BTC for this week and maybee the next.

Sorry but 9.7BTC for manual payout when Bitcoind API's are here to send multiple paiement with a file, i found this very expensive.  Cry

It was not 9.7BTC charged.  It was closer to 5 or 6.  I also do not hold any bonds whatsoever at this moment (even on the issuer account, which is my only account).

I can assure you I don't want to waste another Saturday sending out dividends manually and should have an automated payout in place by next week.

The other way I could have charged a fee is by % and then I have the guys holding thousands of bonds jumping down my throat. Either way it's unfair to someone.  My apologies, but at least I'm paying out dividends instead of looking for a way to jump ship like half the other issuers on BitFunder.

I've only just gotten back to find this chaos.

I checked and I received no dividends ... what can I do?

EDIT: ignore that. Just learnt the divs were paid to the public address, not bitfunder. all good
BKM
sr. member
Activity: 315
Merit: 250
or are you planning on moving to another exchange?

Errr, what exchange exactly do you suggest? There are none left other than Havelock and I for one would not place much effort in making a switch as you can fully expect that they will be the next group to be in the focus of the SEC. If you were to read a little further you would see that LRM is working on a viable longer term solution which is based on self trading within his own website etc. This will also serve (I expect) to keep him onside of securities laws in the USA which are not something to be trifled with.....

And, no. There is no breach of contract here.
BKM
sr. member
Activity: 315
Merit: 250
Coins Mined: ~85
Payout: ~61.25
Per Bond: ~0.001104

Dave stated he'd be setting up hardware next week and getting it ready to send out.  He will be sending it out in large bundles probably over the course of a week to 14 days as setting up this much equipment isn't an easy task.  It will start rolling in next week and what it accumulates between time of arrival and 14 days after it is all received will 100% go into additional hardware.  Dave is speaking of major major price decreases between this order and the next which means that the coins this equipment mines will not only have more purchasing power in terms of equipment price, but also BTC price.

I did wait until the last minute to take advantage of BTC price increases that have occurred recently.

I'm working on a verification spreadsheet to post that will alert anyone who has not verified addresses with me that I hope to have up tomorrow.  There is a lot going on right now, but I am working on it.

TYVM Again! - now that is service  Grin
M31
full member
Activity: 139
Merit: 100
I'm wondering where in the contract it says something about a fee for manual dividend payouts. I just read about that and that's quite a breach of contract. Also what stopped you from paying via BitFunder besides raking in a bit more cash for your own wallet?

Also I couldn't figure out what happens with the shares after Oct 22nd. Direct share structure or are you planning on moving to another exchange?

I'm more than glad to have paid LR the tiny fee for keeping things running during this mess that was not of his making.

He didn't want to send coin to bitfunder because of all the crap going on there -- it's a pretty difficult time to trust them with almost a hundred coins, so I think most will agree it was best to go manual.

He'll take a snapshot of the bondholder's assets before killing the exchange at bitfunder, so don't worry.  Just worry about getting him the BTC address you used to identify yourself at bitfunder.  There's instructions here on what to do if you read back a bit Smiley  
sr. member
Activity: 493
Merit: 262
I'm wondering where in the contract it says something about a fee for manual dividend payouts. I just read about that and that's quite a breach of contract. Also what stopped you from paying via BitFunder besides raking in a bit more cash for your own wallet?

Also I couldn't figure out what happens with the shares after Oct 22nd. Direct share structure or are you planning on moving to another exchange?
hero member
Activity: 599
Merit: 502
Token/ICO management
Coins Mined: ~85
Payout: ~61.25
Per Bond: ~0.001104

Dave stated he'd be setting up hardware next week and getting it ready to send out.  He will be sending it out in large bundles probably over the course of a week to 14 days as setting up this much equipment isn't an easy task.  It will start rolling in next week and what it accumulates between time of arrival and 14 days after it is all received will 100% go into additional hardware.  Dave is speaking of major major price decreases between this order and the next which means that the coins this equipment mines will not only have more purchasing power in terms of equipment price, but also BTC price.

I did wait until the last minute to take advantage of BTC price increases that have occurred recently.

I'm working on a verification spreadsheet to post that will alert anyone who has not verified addresses with me that I hope to have up tomorrow.  There is a lot going on right now, but I am working on it.
BKM
sr. member
Activity: 315
Merit: 250
Hey Zach

Any chance you could outline what the dividends were this week? I understand they will be paid next week but it would be nice to get an indication of the amount that is carried over.

member
Activity: 94
Merit: 10
Alright, I got my message sent, I hope I did it right. Thankfully one of the other bondholders alerted me.
hero member
Activity: 924
Merit: 506
BTC is going crazy. I wonder if Labrat already made the payment for new hardware.

Ive been wondering the same thing.. heck, its gone up by about 20-30 percent, thats a lot more hashing power..... I guess it depends on when you start. So, it could be a lot more than 20 percent...

Only caveat is, difficulty has also went up in that period of time. This is why I hope Labrat get's a better price than he was expecting a few weeks ago. He was expecting to be mining with new equipment already.
hero member
Activity: 924
Merit: 1000
BTC is going crazy. I wonder if Labrat already made the payment for new hardware.

Ive been wondering the same thing.. heck, its gone up by about 20-30 percent, thats a lot more hashing power..... I guess it depends on when you start. So, it could be a lot more than 20 percent...
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