Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 246.

||bit

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Quote from: bittymitty on September 11, 2013, 04:27:02 PM

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me. Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I think LR has to deduct one more portion for the overpaid week. After this week, it should reflect hasrate more closely.
Also, I think 2.1TH is a underestimate for what is currently hashing. But I could be wrong. LR has the right to withhold some dividends for the first couple weeks of any new hardware that begins mining. I personally wouldn't mind if he took all dividends for this week to order more from BitFury.

bittymitty

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Activity: 294

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oh yeah

1NOTASCAMHONESTLYTYVMF2fivEy4BJMrz

100% return in minutes. be quick to not lose out Wink

mmmerlin

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Activity: 266

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Quote from: bittymitty on September 11, 2013, 06:12:45 PM

The biggest scam is keeping your fiat money in the bank. I get 2% a year after tax which is less than inflation....

That is indeed a scam. Still ain't a wallet address though, I'm waiting... Wink

bittymitty

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Activity: 294

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The biggest scam is keeping your fiat money in the bank. I get 2% a year after tax which is less than inflation....

mmmerlin

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Activity: 266

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Quote from: stereotype on September 11, 2013, 06:05:29 PM

Forgotten

The last thing I would want to do would be to offend a fellow Brit bitcoiner, we're few and far between!

In all seriousness though, what would you consider both a good return and at the same time not so good that it's obviously someone doing another Pirate-scam?

stereotype

legendary

Activity: 1554

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Quote from: mmmerlin on September 11, 2013, 06:00:59 PM

Quote from: stereotype on September 11, 2013, 05:54:22 PM

Quote from: mmmerlin on September 11, 2013, 05:36:07 PM

Quote from: stereotype on September 11, 2013, 05:05:36 PM

Quote from: bittymitty on September 11, 2013, 04:27:02 PM

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me. Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I use this to tell me daily income...... http://www.bitcoinx.com/profit/

So, 2.1TH produces 12.148btc per/day - 85.036btc per/week

So, (85.036*.75)/49496 = 0.00128 per bond

So as a return% of share price, if bought @ 0.18 (current) = 0.71% weekly return. Is that good for you? (rhetorical question)

I heard about this great opportunity where you get exactly ten times that - a 7% weekly return on your investment! Just don't ask any questions about how it works. Don't worry, it's definitely not a ponzi scheme... Is that good for you? Wink

Really bad manners to hijack an exchange between two people like that mmmerlin. I will leave you to YOUR thread.

Apologies, no offence intended, I was just trying to highlight the fact that the last time someone was offering considerably more than that as a weekly return it was Pirate, and it didn't end so well for most involved.

Your question was rhetorical, so I felt that wasn't the worst way to answer it as you had declared it not in need of an answer, but apologies, I do try to conduct myself with reasonable manners Undecided

And it's not like you can't continue your exchange, I just thought it was a point worth making. *shrugs*

Forgotten

mmmerlin

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Activity: 266

Merit: 250

Quote from: stereotype on September 11, 2013, 05:54:22 PM

Quote from: mmmerlin on September 11, 2013, 05:36:07 PM

Quote from: stereotype on September 11, 2013, 05:05:36 PM

Quote from: bittymitty on September 11, 2013, 04:27:02 PM

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me. Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I use this to tell me daily income...... http://www.bitcoinx.com/profit/

So, 2.1TH produces 12.148btc per/day - 85.036btc per/week

So, (85.036*.75)/49496 = 0.00128 per bond

So as a return% of share price, if bought @ 0.18 (current) = 0.71% weekly return. Is that good for you? (rhetorical question)

I heard about this great opportunity where you get exactly ten times that - a 7% weekly return on your investment! Just don't ask any questions about how it works. Don't worry, it's definitely not a ponzi scheme... Is that good for you? Wink

Really bad manners to hijack an exchange between two people like that mmmerlin. I will leave you to YOUR thread.

Apologies, no offence intended, I was just trying to highlight the fact that the last time someone was offering considerably more than that as a weekly return it was Pirate, and it didn't end so well for most involved.

Your question was rhetorical, so I felt that wasn't the worst way to answer it as you had declared it not in need of an answer, but apologies, I do try to conduct myself with reasonable manners Undecided

And it's not like you can't continue your exchange, I just thought it was a point worth making. *shrugs*

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: mmmerlin on September 11, 2013, 05:36:07 PM

Quote from: stereotype on September 11, 2013, 05:05:36 PM

Quote from: bittymitty on September 11, 2013, 04:27:02 PM

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me. Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I use this to tell me daily income...... http://www.bitcoinx.com/profit/

So, 2.1TH produces 12.148btc per/day - 85.036btc per/week

So, (85.036*.75)/49496 = 0.00128 per bond

So as a return% of share price, if bought @ 0.18 (current) = 0.71% weekly return. Is that good for you? (rhetorical question)

I heard about this great opportunity where you get exactly ten times that - a 7% weekly return on your investment! Just don't ask any questions about how it works. Don't worry, it's definitely not a ponzi scheme... Is that good for you? Wink

Really bad manners to hijack an exchange between two people like that mmmerlin. I will leave you to YOUR thread.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bittymitty on September 11, 2013, 05:41:54 PM

I have had enough of this game so I am giving away all my 100 BTC.

If you send me any amount of BTC below 50 I will double it until I have no BTC left.

This is NOT a scam!!!!

Address please...

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: tom.hashemi on September 11, 2013, 05:44:29 PM

Quote from: bittymitty on September 11, 2013, 05:41:54 PM

I have had enough of this game so I am giving away all my 100 BTC.

If you send me any amount of BTC below 50 I will double it until I have no BTC left.

This is NOT a scam!!!!

errr.....

See discussion above... Tongue

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bittymitty on September 11, 2013, 05:41:54 PM

I have had enough of this game so I am giving away all my 100 BTC.

If you send me any amount of BTC below 50 I will double it until I have no BTC left.

This is NOT a scam!!!!

tom.hashemi

full member

Activity: 169

Merit: 100

Quote from: bittymitty on September 11, 2013, 05:41:54 PM

I have had enough of this game so I am giving away all my 100 BTC.

If you send me any amount of BTC below 50 I will double it until I have no BTC left.

This is NOT a scam!!!!

errr.....

bittymitty

sr. member

Activity: 294

Merit: 250

I have had enough of this game so I am giving away all my 100 BTC.

If you send me any amount of BTC below 50 I will double it until I have no BTC left.

This is NOT a scam!!!!

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bittymitty on September 11, 2013, 05:34:56 PM

Well if you compare some other bond dividends per week below it is actually very good for the money IMHO.

Labrat = .0013 as a percentage of the bond price = .0013/.18= 0.72%
Ukyo loan = .000035 as a percentage of the bond price = .000035/.01 = 0.005%
Bit.asic = .00000028 as a percentage of the bond price = .00000028/.0038 = 0.0073%
Activemining = .00000027 as a percentage of the bond price = .00000027/2.12 = 0.013%
G-Asicminer-PT = .0019 as a percentage of the bond price = .0019/2.12 = 0.089%

If anyone knows of a better return please let me know.... I guess we will have to wait and see what Icedrill, labcoin etc. produce

Also, things are really only just getting started. This will be going up a lot very soon, it's early days yet. Yes, it will be hard to keep pace with the network, and will probably fall again at some point in the future (from it's soon to be increased value), but this is not bad rate in and of itself. When you fold in risk, that is a different story, but risk aside, few people would complain about .7% weekly return.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: stereotype on September 11, 2013, 05:05:36 PM

Quote from: bittymitty on September 11, 2013, 04:27:02 PM

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me. Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I use this to tell me daily income...... http://www.bitcoinx.com/profit/

So, 2.1TH produces 12.148btc per/day - 85.036btc per/week

So, (85.036*.75)/49496 = 0.00128 per bond

So as a return% of share price, if bought @ 0.18 (current) = 0.71% weekly return. Is that good for you? (rhetorical question)

I heard about this great opportunity where you get exactly ten times that - a 7% weekly return on your investment! Just don't ask any questions about how it works. Don't worry, it's definitely not a ponzi scheme... Is that good for you? Wink

bittymitty

sr. member

Activity: 294

Merit: 250

Well if you compare some other bond dividends per week below it is actually very good for the money IMHO.

Labrat = .0013 as a percentage of the bond price = .0013/.18= 0.72%
Ukyo loan = .000035 as a percentage of the bond price = .000035/.01 = 0.005%
Bit.asic = .00000028 as a percentage of the bond price = .00000028/.0038 = 0.0073%
Activemining = .00000027 as a percentage of the bond price = .00000027/.002 = 0.013%
G-Asicminer-PT = .0019 as a percentage of the bond price = .0019/2.12 = 0.089%

If anyone knows of a better return please let me know.... I guess we will have to wait and see what Icedrill, labcoin etc. produce

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: bittymitty on September 11, 2013, 04:27:02 PM

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me. Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

I use this to tell me daily income...... http://www.bitcoinx.com/profit/

So, 2.1TH produces 12.148btc per/day - 85.036btc per/week

So, (85.036*.75)/49496 = 0.00128 per bond

So as a return% of share price, if bought @ 0.18 (current) = 0.71% weekly return. Is that good for you? (rhetorical question)

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bittymitty on September 11, 2013, 04:27:02 PM

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me. Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

2,323 of those shares are not dividend paying one as they are "new", unsold shares held by Lab_Rat and should be taken off temporarily while dividends are paid. This hasn't been done the last few weeks, but should start being done again, so your calculation, assuming everything else is correct, should actually go up a little bit.

As to whether it's a "great dividend" I will leave for others to decide. It's certainly a good start, but I expect it to be going up significantly quite soon, so let's just say it's a promising beginning...

That said, the network just crossed 1PH/s... Undecided

bittymitty

sr. member

Activity: 294

Merit: 250

The current mining rate as per website is ~2.1 TH which should mine aprox. 357 BTC a month/4 = 89.25 BTC for the last week

so (89.25*.75)/49496 bonds = .0018 per bond

This looks like a great dividend to me. Can anyone corroborate my calculations?

It would also be good to know how much of the 25%(22BTC) will get re-invested into more hashing power?

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: fractal02 on September 11, 2013, 03:43:55 PM

Quote from: Epoch on September 11, 2013, 01:53:16 PM

The big players are on the exchanges; there is plenty of volatility to make good profits on.

Yeah...

   shares
-----------------------------------------------------------------------------------------------------------
LabRatMining   5,071   18whVGfLcTnXva7rFGqwr6DkW1RzS3zJb1
LabRatMining   1,563   1PRzbLxMKSfRf1ZLKYDz6pPuRfd2fpDA2g
LabRatMining   1,300   1ECfbpmtVCtH16yF3m3uhwjX9JrjyQazoh
LabRatMining   4,466   1EGiTu5sz89jjvcoy2FdQNpuks3sPTNn8q
LabRatMining   3,302   147a4NvXCKVoN3mJPCjbTQpbvg2MuZW8S6
LabRatMining   1,669   1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL

This guys are small players...right ? Please...
And i didn't take the Sub-thousand shares guys...

For example 5071 shares at 0.15BTC = ~ $ 104 209

Maybee just some kids...maybee

You missed quite a few there as well, here is the full list of people hold >1k bonds in descending order:

5,071      18whVGfLcTnXva7rFGqwr6DkW1RzS3zJb1
4,466      1EGiTu5sz89jjvcoy2FdQNpuks3sPTNn8q
3,302      147a4NvXCKVoN3mJPCjbTQpbvg2MuZW8S6
2,970      13WPdnd9Jah49yHgYwrL3ZBpMT6wZF1EK6
1,669      1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL
1,563      1PRzbLxMKSfRf1ZLKYDz6pPuRfd2fpDA2g
1,300      1ECfbpmtVCtH16yF3m3uhwjX9JrjyQazoh
1,000      1J8sk74votoRpUZ1rhzTJLGqrox4x45KjG

I have deliberately left out

2,323      187Pu5nTCpbbfXNeR92mRxzygtNtMpdoJm

as that is Lab_Rat's own wallet from which new bonds are sold and therefore don't (or more accurately shouldn't) receive dividends.

Those 8 wallets represent 45.2% of the bonds in circulation.

EDIT: This is not an argument for anything; remember, a fool and his money are easily parted. I was just correcting the list you made.

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 246. (Read 452224 times)