Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 257.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Quote from: mmmerlin on August 24, 2013, 11:01:04 AM

Quote from: ?? on ??

Quote from: kslavik on August 24, 2013, 10:48:33 AM

I just got dividends twice at ฿0.00083112 for a total of ฿0.00166224

Was it a mistake? So no dividends next week?

I received same. Guessing it's a mistake.

Smells like a mis-click to me. My estimates were for a tiny bit more than the one payment we got, but nowhere near double. We shall wait for clarification for the powers that be though...

How does it work if it was a mistake? Does the excess get removed from our accounts automatically?

I doubt (and hope) that's not possible. I imagine it will be deducted from next week's payouts, though this will obviously cause problems for people planning on buy/selling shares in the meantime. If there were no sales there would be no problem, but as we're back in open-market mode then this could be a bit of a whoopsie. As I was saying, wait for the powers that be to decide how to handle it.

Worst case scenario (for him) is he just takes it on the chin at a cost of ~30BTC to him/the company in order to avoid the complication of dealing with the shares that change hands between now and next week...

pixl8tr

sr. member

Activity: 336

Merit: 250

Quote from: ?? on ??

How does it work if it was a mistake? Does the excess get removed from our accounts automatically?

I don't know if you can withdraw from your investors accounts in Bitfunder. Seems like that could be a gaping security issue. I would think the most logical way to fix, is leave it and adjust your next weeks payment to account for this weeks overpayment.

Cheers

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Quote from: kslavik on August 24, 2013, 10:48:33 AM

I just got dividends twice at ฿0.00083112 for a total of ฿0.00166224

Was it a mistake? So no dividends next week?

I received same. Guessing it's a mistake.

Smells like a mis-click to me. My estimates were for a tiny bit more than the one payment we got, but nowhere near double. We shall wait for clarification for the powers that be though...

kslavik

sr. member

Activity: 441

Merit: 250

GET IN - Smart Ticket Protocol - Live in market!

I just got dividends twice at ฿0.00083112 for a total of ฿0.00166224

Was it a mistake? So no dividends next week?

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Double Dividends?

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: Bargraphics on August 24, 2013, 09:39:35 AM

Quote from: mmmerlin on August 24, 2013, 09:26:51 AM

Quote from: ?? on ??

Quote from: mmmerlin on August 24, 2013, 09:03:54 AM

Quote from: ?? on ??

LRM up to 0.2...

Interested to see what the dividend payout will be.

It's not going to be huge, but it should be quite a bit better than last week, see above, e.g. https://bitcointalksearch.org/topic/m.2992405

Also, it may be a day or so late this week, as stated before by LR as he is away at the moment, so don't panic if it doesn't come through today...

Yep I saw your earlier post. A 500% increase is pretty hefty I think!

Err, guys, whilst I'm 100% positive about LRM, I want to manage expectations a little here. Yes, it's a 500% increase, but from 0.7% of the hashrate that LRM needs to fulfil the 350MH/bond, to 4.2%, so if we're talking about percentage increases, we need to see another 2,000% increase (yes, compounded on the last 500% increase) before we're looking at 350MH/s/bond.

Everything is coming along well, but don't be thinking that the share price should be mirroring the increase in hashrate - that would be insane as the hashrate was 0 at the IPO. I'm not being negative at all here, I just don't want to see people losing their minds, buying like crazy, then realising what they've done and a) losing lots of money and b) crashing the share price... That said, I have shares to sell, so knock yourselves out Wink

I agree with you, but there is a basic saying here "The early bird gets the worm".

I believe anyone buying shares now sees the potential that Lab Rat Mining has with their various contacts/relationships with different ASIC Manufacturers. He's able to get a VERY good price and pass it on to us (It's basically like us buying a machine with extra costs/work involved) Because of his bulk purchases he's in the wholesale line for these manufactures which is different from the retail line.

You buy shares based on potential, not what they are currently doing. You look at what they are currently doing to gauge the likelihood of their potential. I believe we will see very happy shareholders this coming month Wink

I totally agree, you are preaching to the choir my man! Cheesy

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: mmmerlin on August 24, 2013, 09:26:51 AM

Quote from: ?? on ??

Quote from: mmmerlin on August 24, 2013, 09:03:54 AM

Quote from: ?? on ??

LRM up to 0.2...

Interested to see what the dividend payout will be.

It's not going to be huge, but it should be quite a bit better than last week, see above, e.g. https://bitcointalksearch.org/topic/m.2992405

Also, it may be a day or so late this week, as stated before by LR as he is away at the moment, so don't panic if it doesn't come through today...

Yep I saw your earlier post. A 500% increase is pretty hefty I think!

Err, guys, whilst I'm 100% positive about LRM, I want to manage expectations a little here. Yes, it's a 500% increase, but from 0.7% of the hashrate that LRM needs to fulfil the 350MH/bond, to 4.2%, so if we're talking about percentage increases, we need to see another 2,000% increase (yes, compounded on the last 500% increase) before we're looking at 350MH/s/bond.

Everything is coming along well, but don't be thinking that the share price should be mirroring the increase in hashrate - that would be insane as the hashrate was 0 at the IPO. I'm not being negative at all here, I just don't want to see people losing their minds, buying like crazy, then realising what they've done and a) losing lots of money and b) crashing the share price... That said, I have shares to sell, so knock yourselves out Wink

I agree with you, but there is a basic saying here "The early bird gets the worm".

I believe anyone buying shares now sees the potential that Lab Rat Mining has with their various contacts/relationships with different ASIC Manufacturers. He's able to get a VERY good price and pass it on to us (It's basically like us buying a machine with extra costs/work involved) Because of his bulk purchases he's in the wholesale line for these manufactures which is different from the retail line.

You buy shares based on potential, not what they are currently doing. You look at what they are currently doing to gauge the likelihood of their potential. I believe we will see very happy shareholders this coming month Wink

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Quote from: mmmerlin on August 24, 2013, 09:03:54 AM

Quote from: ?? on ??

LRM up to 0.2...

Interested to see what the dividend payout will be.

It's not going to be huge, but it should be quite a bit better than last week, see above, e.g. https://bitcointalksearch.org/topic/m.2992405

Also, it may be a day or so late this week, as stated before by LR as he is away at the moment, so don't panic if it doesn't come through today...

Yep I saw your earlier post. A 500% increase is pretty hefty I think!

Err, guys, whilst I'm 100% positive about LRM, I want to manage expectations a little here. Yes, it's a 500% increase, but from 0.7% of the hashrate that LRM needs to fulfil the 350MH/bond, to 4.2%, so if we're talking about percentage increases, we need to see another 2,000% increase (yes, compounded on the last 500% increase) before we're looking at 350MH/s/bond.

Everything is coming along well, but don't be thinking that the share price should be mirroring the increase in hashrate - that would be insane as the hashrate was 0 at the IPO. I'm not being negative at all here, I just don't want to see people losing their minds, buying like crazy, then realising what they've done and a) losing lots of money and b) crashing the share price... That said, I have shares to sell, so knock yourselves out Wink

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: mmmerlin on August 24, 2013, 09:03:54 AM

Quote from: ?? on ??

LRM up to 0.2...

Interested to see what the dividend payout will be.

It's not going to be huge, but it should be quite a bit better than last week, see above, e.g. https://bitcointalksearch.org/topic/m.2992405

Also, it may be a day or so late this week, as stated before by LR as he is away at the moment, so don't panic if it doesn't come through today...

I'm about to panic buy!

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

LRM up to 0.2...

Interested to see what the dividend payout will be.

It's not going to be huge, but it should be quite a bit better than last week, see above, e.g. https://bitcointalksearch.org/topic/m.2992405

Also, it may be a day or so late this week, as stated before by LR as he is away at the moment, so don't panic if it doesn't come through today...

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: grnbrg on August 23, 2013, 08:33:04 AM

Quote from: Bargraphics on August 23, 2013, 07:45:01 AM

(....) and early shareholders will easily recover what they spent on shares.

Speaking of shares... Nearly 200 shares have been traded at around 0.185 in the last 24 hours. That's up 15% over last week.

I've also been told that another Single and Little Single were added to the mining pool over the week, bringing the total hashrate from 610 GH/s to 700 GH/s.

grnbrg.

I think they are still good value at that price, thought time will tell. It's the usual case of risk/reward ratio, but once the BitFury shipments hit I imagine that price may move considerably further...

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

Quote from: Bargraphics on August 23, 2013, 07:45:01 AM

(....) and early shareholders will easily recover what they spent on shares.

Speaking of shares... Nearly 200 shares have been traded at around 0.185 in the last 24 hours. That's up 15% over last week.

I've also been told that another Single and Little Single were added to the mining pool over the week, bringing the total hashrate from 610 GH/s to 700 GH/s.

grnbrg.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: mmmerlin on August 23, 2013, 07:16:52 AM

Quote from: a2offrb on August 23, 2013, 01:11:07 AM

They will be only about 5 times better than last time.
Still far away from 20TH that should be....

Yes, "only" a 500% increase in one week. We are already:

~15% of the way to the promised 100MH/bond,
4.2% of the way to the intermediate 350MH/bond and
2.6% of the way to the currently forecast 570MH/bond

but it has only been a couple of weeks. This is quite promising IMHO, and when BitFury gets going, things are going to change rapidly...

The deal has been struck and we know bitfury(dave) can deliver.

Look at the sacrifices he's making based on the PCBs being wrong for 100TH, look at the "mining with his personal equipment for Lab Rat Mining", he's a good guy. I have full faith that Lab Rat choose a very good ASIC "Partner" and early shareholders will easily recover what they spent on shares.

Dropthebass

newbie

Activity: 56

Merit: 0

Yep, "only 500%" up. The APR is meeting the competition's atm. I can't wait to see the hardware running !

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: a2offrb on August 23, 2013, 01:11:07 AM

They will be only about 5 times better than last time.
Still far away from 20TH that should be....

Yes, "only" a 500% increase in one week. We are already:

~15% of the way to the promised 100MH/bond,
4.2% of the way to the intermediate 350MH/bond and
2.6% of the way to the currently forecast 570MH/bond

but it has only been a couple of weeks. This is quite promising IMHO, and when BitFury gets going, things are going to change rapidly...

a2offrb

full member

Activity: 453

Merit: 101

RISE WITH RAYS FOR THE FUTURE

They will be only about 5 times better than last time.
Still far away from 20TH that should be....

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: Bargraphics on August 22, 2013, 08:02:00 PM

I'm excited for this weeks dividends

You are not alone! Cheesy

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

I'm excited for this weeks dividends

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: BKM on August 19, 2013, 01:48:48 AM

Quote from: mufa23 on August 18, 2013, 04:04:07 PM

At this point, I don't want to invest more that what I am willing to lose in case Lab_Rat is less then trustworthy. I found it odd that the guy seemingly showed up out of nowhere on BFL's forum, than came over here. I am assuming he's some well known user here, made an account on BFL's forum under a new name, and now running his new identity over here. Not trying to spread rumors or anything. This is entirely speculation. But that's my reason for not investing more.

You are wildly off the mark on this speculation Mufa. Lab_Rat is a hard working, above board and dedicated guy who has been engaged in the community for some time (just not so much on BTCTalk). In my experience he is consistently a positive contributor as mod on the BFL forum (which he quit when forming LRM) and in helping others with their mining questions as larger scale LTC miner and FPGA owner.

What you wrote!

My $.02.

BKM

sr. member

Activity: 315

Merit: 250

Quote from: mufa23 on August 18, 2013, 04:04:07 PM

At this point, I don't want to invest more that what I am willing to lose in case Lab_Rat is less then trustworthy. I found it odd that the guy seemingly showed up out of nowhere on BFL's forum, than came over here. I am assuming he's some well known user here, made an account on BFL's forum under a new name, and now running his new identity over here. Not trying to spread rumors or anything. This is entirely speculation. But that's my reason for not investing more.

You are wildly off the mark on this speculation Mufa. Lab_Rat is a hard working, above board and dedicated guy who has been engaged in the community for some time (just not so much on BTCTalk). In my experience he is consistently a positive contributor as mod on the BFL forum (which he quit when forming LRM) and in helping others with their mining questions as larger scale LTC miner and FPGA owner.

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 257. (Read 452224 times)