Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 258. (Read 452179 times)

I think you've got something wrong, but I'm not sure how that's happened. He's been probably the single the biggest contributor on the BFL forum for about a year now, he didn't come out of nowhere at all. He got made moderator on their forums through his continued good work, and reasonable attitude, but stepped down from being a mod when he founded this company due to the potential conflict of interest (again demonstrating a good attitude). What makes you think he popped up out of nowhere over there?

EDIT: Link to his profile on the BFL forum showing 1,181 posts https://forums.butterflylabs.com/members/lab_rat.html.

I personally didn't buy more until the last minute. I was hoping the value of LTC might go up, and could get a better rate between LTC/BTC. It didn't change, so I bit the bullet and cashed out some of my LTC to buy more bonds.

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.

Market value is being established and we're up to 0.178 BTC/bond already. I wonder why more people didn't buy before the bulk shares were pulled...

Some (most?) of you may have heard that BFL has announced a 28nm ASIC design, and offered to let people with V1 orders transfer their order to the new product line.

@Lab_Rat's comment on how this will affect LRM's BFL order, from the BFL forum:


Just FYI.


grnbrg.

If BTC value increases, then it will pressure LRM "bond" price downward. And because BTC is more liquid than LR "bonds", it seems one should then think carefully about buying or selling to either side. Theoretically, by the market, it should be no net effect on total asset value if you hold bonds while BTC value changes.

Even so, my feeling is that LR should make available more new bonds as BTC value goes up (to maximize per bond hardware purchases). And scale down bonds sales if BTC value drops. Perhaps, even stopping bond sells if BTC value drops below a certain threshold. Not completely sure. I wonder if it's possible to set up for selling fractional "bonds" based on BTC value to some fiat or even to gold (probably dollars since the most available hardware is priced in dollars). Or say one unit bond is equal to one gram of gold value. Therefore, about 28.3 bond units would be worth the value of one ounce of gold (but in the form of the best producing hardware).


UPDATE: I think I will change my mind on part of the above. If BTC value went up or down (e.g. compared to fiat), it might not affect LRM "bond" price. Why? LRM is generating BTC dividends. Therefore, even though a rise in BTC value might seem to make a "bond" price appear more expensive, that seems to be equally countered by the fact that there are BTC generated by the "bond". But that may still be a wrong way to look at it.

This is still cheap, I believe Lab_Rat will be able to obtain a great deal more HashRate from Dave + Bitfury at very competitive pricing.

Also BFL (I know everyone hates them) just announced a 600TH "Card" for $4,600. Lab_Rat is on very good grounds with BFL and I believe if he acts quickly he will be first in line for this and be able to get bulk pricing that a normal miner could not get.

Times are changing, these IPO companies will be the only ones that have enough capital to get very good pricing and early adopters will benefit from this.

Get these shares before they reach .2 or .3 each...

So far over 350 bonds have been sold for 0.17BTC and above...

Surely the interesting side to look at is the market depth down to a certain price? I imagine most people would sell for now for a quick 6x their money back (which is what 1BTC would be if you bought at 0.16). You need to be looking at the market depth on the buying side not the selling side...

Wow - around 2000 market depth to 1.0 BTC

Blatant plug post....   

For those interested in breaking LRM news...

I post LRM updates to the LabRatMining News Twtter feed.


grnbrg.

An Aussie rapping innately sounds like a bad idea.

Ehhhhcellent!

 

The price has immediately risen to .174 - as expected really... will it ever stop? yo? I don't know, so turn off the lights, and let's go.

All gone!


grnbrg.

And they're gone.... buckle up soldiers.

Only 30 left at .16 - thats only 4.8btc - I think we can safely predict a little price rise in the next few hours.

Lab Rat, can we get some idea of how you are going to approach selling the remaining bonds? I.e. something along the lines of what Vince suggested earlier in this thread - market rate +10%?

Thanks!

(Excel is telling me that with the increased hash rate and anticipating 1,000 new bonds sold per day (which I'd be surprised at... but conservative estimates and that all that jazz) we can expect about a 0.00087 per bond dividend next week. If we get really lucky it might even top 0.001!)

Wow, talk about supply and demand! That's gotta be the quickest 750 shares sold since the opening hours now that you've pulled the rest! < 250 left 

Also, this has been asked and answered many time before (on this thread even). I wonder how many more times are still to come... 

I updated that to state based on current bond sales before I saw this post, but it must have been after you looked.  I'm expecting well over 50TH in the event of 100k bonds selling.