Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 256. (Read 452180 times)

Thanks for the updates Lab! A blinding flash of the obvious occurred to me and I picked up more bonds/shares (what are they called, really?) with my dividends. Bonus DRIP - gotta love it. Since you are not asking for them back I figured that was the best way to pay it forward.

Cheers and heres to a big bump in hash this week.

Say the word and I'll send back the extra dividend. (reply w/ an address).
Also, something is afoot with blockchain.info and I can't login to my wallet.. once I can I will send back the overage.

Something I forgot to add is that LRM not only solved it's first block while I was away, but it's second block as well.

Hello everyone.  While I was gone, ~90GH was added to LRMs hashrate totalling an average of just over 695GH/s.  There is a lot more hardware that should be received soon that will drive this up further.  On top of the hardware owned and soon to be owned by LRM, it appears BitFury should have some equipment on hand soon which means Dave will be mining for us for at least 2 weeks.  The hashrate is climbing rapidly with a lot more on the way.

In the past week it appears the price of bonds has touched 0.25 BTC per bond and has only a few small asks before it will hit that point again.  It appears that an individual has decided to place a large amount of small sell orders ranging between 0.2 and 0.6BTC per bond.  I would like to assure you this is not me, but I'm quite curious as to how this will effect the price.  It's a free market now so lets see where that goes.

The individual I left in charge did wonderful holding down the LRM fort... until it was time for dividends that is.  What a nice birthday present to find out my company gave out a free 30BTC :rolleyes:  Unfortunately this is an amount that will could effect the company in the short run and has resulted in my making the hard decision to cut half of the "extra" dividends paid out from this coming weeks dividends and I will be eating the other half.  Consider it a bonus from me personally.  I apologize to those purchasing bonds this week as they will see a slight pay-cut, but I hope to make up for this by increasing the hashrate significantly either this week or next.  I hope everyone enjoyed the free BTC caused by a little error on BitFunder, but don't expect that to happen again

Thank you to everyone who has offered to send back the extra dividend payout, but I can't request that of people and I don't expect anyone to feel obligated to do so.

I have updated the hashrate graph although the site doesn't state I have done so yet.  There is a lot to do and little time to do it today as I just got back.  Expect a lot more updates this week as things progress.

I, for one, would actually be willing to send the second dividend back if there was some way of assuring that everyone would do the same. In the grand scheme of things, it's pretty minimal and I'd rather the bond not suffer from a fat-finger or mistaken double-click than pad our wallets.

The "Estimated Value" is hardly what the going price is usually.

The going price is what you can sell 100 or so shares at.

Whoever is selling shares in those groups is actually giving people a chance to get cheap shares. I'd estimate that LRM shares will easily go up to 0.50 BTC once they hit 10-15TH or so.

It seems to me that this pricing structure will only prevent the price from going up (it has already gone way down from the 0.23 BTC we had yesterday).
It just looks like somebody was looking to pump and dump from the beginning...

All I can say for sure about that pricing structure is it must have taken a long time to do, each of those would have to be set by hand 

I am back and will be making an announcement regarding many things that occurred while I was away.  Please be patient as I'm still settling back in and have a lot to do.

Nope, it's not @Lab_Rat.  Just confirmed with him.  Someone else is trying to breadcrumb the price up.  

We should be hearing from the Rat himself shortly regarding Saturday's dividend payments.



grnbrg.

FWIW I think I quite like it. It seems to provide some stability on a market that otherwise doesn't have a lot of order volume on either the buy or sell side, which makes valuation and predictability difficult. Anyone have any thoughts?

A very interesting incremental pricing structure has just appeared on BitFunder. I wonder who is responsible for it... I'm pretty sure it's not LR himself, and given the number of shares that make up those sell orders there are only two people with enough shares to do that...

Also, does anyone know why BitFunder doesn't have cumulative depth graphs like virtually all other sites by the way? They are a lot more useful than non-cumulative ones  

No, it was good have it pointed out, thanks! It means the returns were in fact twice what I thought! I will pass the correction on to the person who gave me to faulty calculation 

Haha No need to apologize, I was just giving you some friendly ribbing. ;-)

Haha, you're quite right, apologies.

I actually only looked the numbers that were written, not the words. Someone else I was speaking to had done the maths (incorrectly) and got a number exactly half of that, so I assumed he had used the double payment to get the figure doubled. He didn't, and was quite right, and I should have a) read what he'd written properly, and b) done the maths myself rather than trusting someone else's calculations... Apologies again, and that is good news indeed!

As you even quoted, he said NOT INCLUDING THE EXTRA PAYMENT.   

Or we can hope for double dividends every week

This is correct, but you need to halve that figure as it was paid double in error (see above). You can expect rates like the ones you said pretty soon though...

This weeks dividend (not including the extra payment) equates to an annualized rate of return of roughly 27% based on a BTC0.16 per share investment - and we are just getting started! AFAIK the capital raised to date has not been fully committed. All early adopters must be pretty happy.

No doubt we will get a good update from LR now that he is back from his roadtrip!

Just to confirm: The double dividend payment was in error.  I'm I do not know at this point how (or if) it will be resolved.

I will update as I know more.



grnbrg.