Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 234. (Read 452224 times)

Selling the BFL order does seem prudent if we can use the $$$ to get extra hashing power now.

Sounds intriguing.

I think if it's that good of an opportunity, where more funds now are better, then it would be worthwhile to be very active in trying to sell/transfer the Monarch order.
That's got to be about $150k sitting and waiting on BFL. That's much more than the two weeks of mining with the new hardware will generate.

You might have an argument for why one can have some hope with BFL, but BFL has sent such vibes in the past. Please, consider to be more pro-active in selling that order. If you used a voucher that can be transferred, it might sell even faster.

That makes more sense, sounded more like a buyout/takeover almost in the wording, a highly possible case of taken too literally.

Those of you who are large investors, you likely have my number.  Shoot me a call tomorrow if you wish to know more.  I can't tell you everything as it's not my info to share, but I may be able to inform you enough on the deal at hand that will let you know why I'm even willing to waive my management fee.

I meant in absolute terms, if he buys more hashing power he will earn more future coins as his management fee is a % of hashing power. So essentially there are benefits to him of buying extra hashing power and therefore I think he should contribute the management fee as a sign of good faith after all fixed costs are covered.

Anyway I still vote a yes, please keep us informed though and when you can make the info public please do so.

Perfect! I recommend that people read the "Speed of Trust" by Steven Covey Jr. - that and risk only what you can afford to lose in BTC land.

It has to do with a deal I can get starting in Nov. so the 2 weeks from mid Oct. would put us there with some decent funding.  All I can say about it.  I don't know how much is public about the topic I'm speaking of so I'm not giving out any details.

Sure - we would all love to see the notional asset increase in the form of increased bond price.....  But, this is a long play far more than it is a short run speculation on the bond price. As someone who is looking to accumulate more I am grateful for the bargains presently available.

Clearly higher bond prices will support future hardware acquisitions when it comes time to release the balance of the 50K in reserve - but the 'eye on the prize' at the moment is squarely on ramping up hashrate ASAP to establish a sustainable position in the network. Personally, and most particularly after my BFL experience, I see the benefit of LRM's approach to build out. As he continues to execute his plan the results will bring the value to the bond price IMO.

 

That makes sense... I hope that your right....

I really thought that when people saw the dividends payed out from the 30ths, the price of the stock would skyrocket, but maybe the plans will still do that.

If you read between the lines you can speculate that Lab_Rat has been offered a very competitive rate for miners and to take advantage of this he needs to commit to a certain amount within a time frame.  This actually sounds very promising.

I would have to agree....

This sounds somewhat ominous to me.

you might want to consult with your larger shareholders, at least let them  know whats going on.

To clear anything up.  I would be paying out Dividends with the hardware in hand and holding the payout from the new hardware coming in for 2 weeks.  It seems as though a couple individuals didn't quite understand.  It appears the general consensus is to do so.

One of the main reasons for doing this I can't share as of yet because it's not my news to share.  People would just have to know it's for the greater good of the company and would help out a ton in the long run.

Lab_Rat said:
"The 400-700 range is for the first order or so from BitFury... There will be a lot more almost immediately after that."
&
" I'm almost ready and by mid Oct it should have a virtual boatload of BitFury gear hashing away in it."

So I guess October is going to be a big month, and it is not far away....

I like it, lets do it.

LR I'm only a small shareholder and even I agree with the proposition to hold 2 weeks and increase capacity.

The question I have is do you have any estimates on hashrate/bond after this deal and what time frame for active mining?

Works for me! TY LR

@Lab_Rat:

Look, I like you and think highly of your service so do not take my following comments as any kind of negative criticism.

I am basing the uninvited advice I am about to give you on many years of successful (And sometimes unsuccessful! ) business experience.

Set your Terms of Service and stick to them.

Right now you are being barraged with things like, "Why don't you do this?" and "Why don't you do that?"; "I'd like to see this!"; "I would do this!"; "I would do that!"; I would do the other thing!".

Now lookey here; see; someone has to be in charge and someone has to be the King_Lab_Rat and these people are driving you nuts and you don't need it.

It's your deal; you make the rules.

Be the King_Lab_Rat!

Make the rules fair and stick to them.

If anyone wants out, let them out and let them out right now.

With a good solid TOS you have made yourself clear and being clear cancels out all the BS.

You have good work to do and do not have time to be forum posting in response to people who think they know how to run your business better than you do and you are doing good work.

Get some firm and hard TOS. Stick to them and go on down the road to bring success to you and your investors.

Best wishes for you in your endeavour and I have every confidence of your long term success.

My $.02.



Get some firm and hard TOS. Stick to them and go on down the road to bring success to you and your investors.

If you bought shares in LabRatMining then you have already agreed to the proposal as it was in the IPO on page 1

"Dividends/Bond Value – Each bond will receive a minimum of 100MH/s* worth of mining profit in dividends/returns (all dividends are intended as contractual returns based on investments and may simply be referred to as dividends for future purposes) on a weekly basis. The first payout will be at the end of the second full week mining.  If the entire 100,000 bond IPO is not sold immediately, bonds will represent an equivalent portion of the processing power included in the operation at that time.  If it occurs that multiple installments of hardware are required to fulfill the IPO’s expected hardware, the earnings of each installment will begin to be paid out in dividends on the second full week of each installment.  Dividends will be paid out on Saturdays ~12 noon Eastern Time(UTC -0500.)"

Technically you are not giving up anything, we have actually been getting paid out early since the start.  The reason for the early payment was to boost confidence in the mine due to all the delays from suppliers.

This early payment is nice to see in the wallet but is actually gimping the potential of the mine over the long term.  You will still reap the benefits but at a slightly slower rate at the start(2 weeks).    All subsequent dividends you receive after will be boosted by the extra hashing power and will enable the mine to hold its percentage of network a lot more effectively.