Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 209. (Read 452224 times)

There are lot of unanswered questions about future of LRM , what will happen to liquidity of the stock in future when we are off bitfunder , also hashrate per bond doesn't match the bond price now & by the time mh/s per bond goes up difficulty would have offset the increase in MH/s , LRM is lagging behind in race against difficulty .... hope we have more answers from LRM.

One bit of good news is the price of bitcoin is going up with a bit of strength. This will allow for Labrat to buy more hardware with the LRM bitcoins he's been holding. Also, it will give the coins mined from the two weeks withholding - whenever that happens this month - more buying power. So far, about 15% higher bitcoin value. Time will indicate.

Pretty unprofessional if you ask me.

Just up and deciding that LR would keep people's div-payouts that "aren't invested enough"?  Bullshit.

Can't be bothered to post information like the need to send a signed message TO THE LRM WEBSITE?  Bullshit.

Take ownership of the issue LR.

https://bitcointalksearch.org/topic/guide-how-to-buy-shares-on-bitfunder-310639

It must be possible to circumvent this problem by going through some proxy server outside of the US.  Someone from the US should figure it out and publish it here. This would at least work for the next two weeks.

Sign a message with the following info


Bonds owned:
Forum Name:
BTC addy:

Then your key and send it to [email protected]

Dividends go to the address registered i guess...so to your bitfunder account address.
So change it now to one you can control and later labrat shares are gone from bitfunder and turned into direct shares.
You need Weexchange only to withdraw your btc from bitfunder.
So leave the boat while its on water...while its sailing

Damn! I never updated the bitfunder public address to one I had control of? Where did the default address come from when I opened the account? Ive updated it now but does this mean I have to change something on weexchange? or do I have to re-link bitfunder?

I bought some really cheap shares. Thanks guys

We all have to remember that the bitfunder thing was just sprung  on us without any warning. I would rather LR look at all his options and deciding the best way to go rather than to hurry up and say "we are going to do it this way" and then have to change his mind. I agree, the reason the shares took a dive was because of bitfunder shutting down..

I think if we just let things play out, give it a couple weeks, I think we will be fine. Granted, could have things been handled a little better? sure, but things were done at the last minute..  I have even heard of rumors that someone is buying the btct software so someone else can start something up.. There are options out there for us to buy/sell our shares, LR is looking at the best option.

ITs kind of been a crap sandwich that we had to eat the last week or two but im sure it will get better. Also, I would recommend people that have ideas to publish them here on how to fix some of the issues that we now have to deal with. There are a lot of tech savy people out there that may have a good solution. Or look at what others are doing and make sure that LR knows about them.

The people that are selling at bargain basement prices probably dont want to deal with the unknown. im sure if bitfunder would have given us more time and not locked out us buyers, it would be a lot different.. but it is what it is.. Lets hope we come out stronger than before....

LabRat paid dividends last week to the bitcoin address tied to each account. Check your BF account and
make sure you have a valid bitcoin address set up in it.

Hey guys haven't tuned in for a few days- its kind of gut wrenching  to keep looking at the value of my portfolio on bitfunder drop everyday.
Question- Is labrat paying dividends manually into our bitfunder account? has anyone received a dividend?

US customers, for what it is worth, you CAN purchase LRM shares on BITFUNDER if
the seller simply transfers shares to your account (prior to asset lock next week).

This would require you to pay the seller directly in BTC outside BITFUNDER, but I
did test it and you can still have transfers added to your holdings. The seller must
activate Google 2-factor, but it is not rocket science.

PM me if you are interested in buying or selling shares outside BITFUNDER until
such time as the asset is closed. This may help with liquidity somewhat.

I am volunteering to aggregate as many low quantity bond holders into one large
group and distribute dividends on a bulk basis. I honestly believe that LabRat has
his hands full with trying to run the mining business. I believe that aggregating
bonds into fewer, larger accounts will reduce the LRM fees. Once the asset is
locked, I will work with LabRat to either re-combine your share holdings with your
bitcoin address or just continue providing dividends until such time as a good method
of "trading" is established outside BITFUNDER.

Trust is, of course, a concern. LabRat and Bargraphics know me and I assume would
vouch for my integrity. My goal is simple. I want this asset to survive BITFUNDER closure
and succeed. I want to facilitate a way for LRM to continue purchasing hardware for us
on a group basis (call them bonds if you want to). There is going to be a 6 month period
of time where a lot of uncertainty is going to exist. Uncertainty leads to panic and panic
leads to asset devaluation. This is a solid asset and a solid company. It is time to do my
part to make sure it stays that way.

Of course I'm not thinking about fundamentals in that sense of detail or transparency.  I would assume most of everyone here knew that Labrat wasn't transparent on financial data. I was making the point that there is no special new information about fundamental information - that could affect revenue - that we already know or have been told.

For example: Labrat hasn't changed any projections in the past couple weeks.  Ordered hardware has had no good or bad updates. Difficulty is going up as always expected. Bitcoin is on the incline, but still in the same ball park as it has been for the past month. So..in THAT SENSE.. fundamentals haven't really changed (much). And seeing a lot of selling doesn't mean any of these (or one's we are not aware of) have necessarily changed - which is why I made that comment.

So, if a person was happy about LRM potential, by what they knew a week ago, then I'd say there is no obvious significant changes to cause one to feel any different now about potential. They'd more likely have to form a new different opinion from the same information.

what are the fundamentals of LRM? have you seen a balance sheet or income statement?

Here are the fundamentals (which aren't real fundamentals since this is based on LRM projections, not released data):
This hashrate per bond value is currently 81MH/s per bond.
Given a 75% difficulty increase per month, and no new hardware purchases: bonds are valued at BTC0.015 minus 0.025 per account

hashrate of 400 MH/s per bond
Given a 75% increase per month, and no new hardware purchases
Hashing starting in november, bonds valued at BTC0.042 minus 0.025 per account

hashrate of 700 MH/s per bond
Given a 75% increase per month, and no new hardware purchases
Hashing starting in november, bonds valued at BTC0.074 minus 0.025 per account

hashrate of 700 MH/s per bond
Given a 50% difficulty increase per month, and no new hardware purchases
Hashing starting in november, bonds valued at BTC0.11 minus 0.025 per account

to get to IPO prices, LRM has to 1) add hardware exceeding difficulty and exceeding 700 MH/s per bond with no dilution, 2) hope for < 75% per month difficulty increases, 3) drop extra dividend fees, and 4) get to full hashrate in < 1 month.

At this point, there is no evidence of these improvements happening. I'm not saying it won't happen, just that there is no evidence besides occasional "we're working on deals" comments.

This is why securities follow certain organizational rules and investors demand transparency.

I agree. The Bitfunder blocking US bids is almost certainly the main reason for the bond price being depressed.

If/when LR get's a new platform for trading, this will change. Especially, if it works at least as well as Bitfunders platform - the less clumsy the better.

Like I said before, I think there is an opportunity there for any good programmers. Make a kind of halfway decentralized trading platform. Do for trading shares/bonds/etc.. what bitcoin did for currency.

My thought is that the lack of liquidity is the primary reason for a depressed bond value.

The US people were heavy buyers and since they can no longer buy on bitfunder, the market
has no buoyancy.

In two weeks, we have close to 30TH coming on line. Our dividends are going to jump very
substantially. I'm looking forward to finally seeing what kind of buying power LabRat was able
to muster with our investment.

The key is for LRM to set up some way to (relatively easily) buy/sell bonds through direct share
transfer. Give us some liquidity back and the bond will float once again.

Unless you have reason to think these one or two people selling a lot of shares has insider information, then don't worry about why they are selling.
These events that have happened lately - like Bitfunder - are not changes in the basic fundamentals of Labrat.

For your own health, don't be furious that you could buy USB asicminers. The stress won't add anything to your life. Besides, the reason people buy Labrat is so they don't have to do the mining themselves. Can a USB miner reboot itself when it crashes or order new hardware for you or pay the electric bill for you?  

I agree, but 'when?' is the question. It will eventually shift into a more linear incline - that will be a relief. And maybe even drop a little some time after that. But that linear incline still seems pretty far off. Far meaning: many months out.

Keep in mind, when you are discussing these mining hardware companies, that there are at least four major players. So, one ships a bunch, then another ships a bunch... it's hard to predict. And I doubt they are running accurate models on how to keep hardware profitable for customers (Butterfly Labs as a classic case). I don't know that they even can. The advantage of GPU's is that graphics card companies didn't have an incentive to lower the price of the GPU's. So, you hit your natural curve. Mining hardware manufacturers have an incentive to lower prices... this will keep the hardware coming online (see how that is different than the GPU era?).

2 x 500 shares sell O_o

Some big players sell out..  
1000 Shares isn't nothing.

If big players start losing faith...

But i can understand.
Look in what mess we are.
New extra fee, postponing dividends, no visibility in new hardware/futur hashrate...

Even an USB Asicminer is a better deal at the moment....i'm furious.  

I bought 242 bonds at introducing price, for the moment it's only a big loss
The bonds are cheaps...but do they worth it ?