Question with the bonds how do you earn on the bonds kept and how does one receive payments if keeping bonds and not selling and gaining power in return for the mining.
How does that actually work in terms of payments in btc? Is it based on keeping bond and more bonds bought and continue to hold and wait for value to go up then sell etc? Or do we gain income from bonds kept and hashing power generates coin for yourself on top of keeping bonds ?
Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 260. (Read 452180 times)
August 16, 2013, 09:52:23 PM
August 16, 2013, 05:48:47 PM
Congratz Rat and knock'em dead!
August 16, 2013, 05:23:28 PM
Currently the pool is reading between 610 and 650GH/s... I wonder if that's because a MiniRig was added today?
This weeks dividends may be missing out on the major benefits of this new addition to LRM, but next week should be pretty impressive.
I will be out of town most of the week, but I don't need to be around for the hashing to continue. I have the rigs being watched and the dividends should still be paid out on time next Saturday. If they absolutely can't be paid out for some reason, the dividends will be paid out Sunday night when I return.
This is a huge jump for LRM and I'm excited to see the company go over 1TH soon!!!
This weeks dividends may be missing out on the major benefits of this new addition to LRM, but next week should be pretty impressive.
I will be out of town most of the week, but I don't need to be around for the hashing to continue. I have the rigs being watched and the dividends should still be paid out on time next Saturday. If they absolutely can't be paid out for some reason, the dividends will be paid out Sunday night when I return.
This is a huge jump for LRM and I'm excited to see the company go over 1TH soon!!!
August 14, 2013, 05:55:04 PM
Dave has stated that once he has access to the hardware he'll begin mining whether it be virtually (off-site) or in-hand. It will likely be in-hand as it should be shipped as soon as it's made, but in either event it should be soon. Not sure when it will be, but it should be some of the first BitFury equipment produced doing the mining.
Excellent news!
August 14, 2013, 05:10:01 PM
Dave has stated that once he has access to the hardware he'll begin mining whether it be virtually (off-site) or in-hand. It will likely be in-hand as it should be shipped as soon as it's made, but in either event it should be soon. Not sure when it will be, but it should be some of the first BitFury equipment produced doing the mining.
August 14, 2013, 10:57:12 AM
When is Dave going to start mining for LRM with his Bitfury miners any ETA ?
Presumably as soon as he receives his hardware, which is presumably as soon as BitFury start shipping, though admittedly that is a lot of presumptions...
August 14, 2013, 09:38:56 AM
When is Dave going to start mining for LRM with his Bitfury miners any ETA ?
August 14, 2013, 09:34:57 AM
The way Lab_Rat has been working on getting HashRate I wouldn't be surprised if we see a large jump in next coming weeks. Right now people are scared with only 130GH mining, when we hit .5TH.. 1TH.. 2TH.. 4TH... there's no doubt in my mind that shares will be gobbled up.
Yup. However, as @mmmerlin pointed out, @Lab_Rat is pulling most of the unsold shares off of BitFunder on Saturday, and will be selling them in small batches going forward, either at the promised amount, or market value.
3 more days to get bonds at a guaranteed price.
Given that the IPO bonds sitting at 0.16 have acted as a cap, and there has been very little sold much below that, it looks like the price will go up, too.grnbrg.
August 14, 2013, 09:29:02 AM
About an hour ago, a purchase through BitFunder put the number of bonds sold from the IPO over 25,000.
25% of the initial issue has been sold in a little over 2 weeks.
grnbrg.
25% of the initial issue has been sold in a little over 2 weeks.
grnbrg.
Over 30% sold now, 30,700 bonds in the wild now!
grnbrg.
Blimey, I wonder how many more will be snatched up before the IPO is "over" on Saturday and the remaining unsold bonds are pulled. It'll also be interesting to see what happened when the shares are allowed to find a market value...
The way Lab_Rat has been working on getting HashRate I wouldn't be surprised if we see a large jump in next coming weeks. Right now people are scared with only 130GH mining, when we hit .5TH.. 1TH.. 2TH.. 4TH... there's no doubt in my mind that shares will be gobbled up.
August 14, 2013, 09:00:02 AM
About an hour ago, a purchase through BitFunder put the number of bonds sold from the IPO over 25,000.
25% of the initial issue has been sold in a little over 2 weeks.
grnbrg.
25% of the initial issue has been sold in a little over 2 weeks.
grnbrg.
Over 30% sold now, 30,700 bonds in the wild now!
grnbrg.
Blimey, I wonder how many more will be snatched up before the IPO is "over" on Saturday and the remaining unsold bonds are pulled. It'll also be interesting to see what happened when the shares are allowed to find a market value...
August 14, 2013, 08:00:31 AM
About an hour ago, a purchase through BitFunder put the number of bonds sold from the IPO over 25,000.
25% of the initial issue has been sold in a little over 2 weeks.
grnbrg.
25% of the initial issue has been sold in a little over 2 weeks.
grnbrg.
Over 30% sold now, 30,700 bonds in the wild now!
grnbrg.
August 14, 2013, 07:20:18 AM
About an hour ago, a purchase through BitFunder put the number of bonds sold from the IPO over 25,000.
25% of the initial issue has been sold in a little over 2 weeks.
grnbrg.
25% of the initial issue has been sold in a little over 2 weeks.
grnbrg.
Over 30% sold now, 30,700 bonds in the wild now!
August 10, 2013, 12:17:43 PM
Quote
... I will be selling small quantities of bonds at market price until the remaining bonds (out of the 100,000) are sold. This will allow LRM to market regulate. It is important to raise capital and expand without harming those who made their investments early....
Does it mean if the market price to go down below .15 per bond (say like 0.10), you would still be selling small amounts of bonds? You have to spell it out one way or another to avoid confusion.
Thank you.
I'm pretty sure the implication is that it will be at whichever is higher out of the market value, or the current level as per IPO pricing structure (there are only 13.3k left @0.16, after which it will be 20k @0.17), but do wait for LR or grnbrg to confirm.
grnbrg.
August 10, 2013, 11:31:32 AM
Quote
... I will be selling small quantities of bonds at market price until the remaining bonds (out of the 100,000) are sold. This will allow LRM to market regulate. It is important to raise capital and expand without harming those who made their investments early....
Does it mean if the market price to go down below .15 per bond (say like 0.10), you would still be selling small amounts of bonds? You have to spell it out one way or another to avoid confusion.
Thank you.
I'm pretty sure the implication is that it will be at whichever is higher out of the market value, or the current level as per IPO pricing structure (there are only 13.3k left @0.16, after which it will be 20k @0.17), but do wait for LR or grnbrg to confirm. I don't think this will result in the price of bulk bond sales ever going down (i.e. when sold by LR), the only "cheap" bonds that will be sold will be by other people (like the hugely discounted bonds that you can pick up at the moment for 0.1599999
)Market value will only be able to be established once the unsold shares are removed, as these currently provide an effective price cap. Once the number being released is much more limited then the free market dynamics will allow the price to fluctuate in response to events like good news in hardware acquisition deals, or successful payment of decent dividends etc.
August 10, 2013, 10:01:42 AM
Quote
... I will be selling small quantities of bonds at market price until the remaining bonds (out of the 100,000) are sold. This will allow LRM to market regulate. It is important to raise capital and expand without harming those who made their investments early....
Does it mean if the market price to go down below .15 per bond (say like 0.10), you would still be selling small amounts of bonds? You have to spell it out one way or another to avoid confusion.
Thank you.
August 10, 2013, 09:45:46 AM
August 10, 2013, 09:25:29 AM
Within the next couple of hours I will be paying out the first dividends on BitFunder, and I wanted to make an announcement about how this is going to work.
There have been concerns that the bonds I'm still holding (are in the process of selling) will receive a portion of the dividends. I am here to explain why this will not happen. On BTCT.co they have the option to "not pay dividends to yourself," whereas BitFunder does not have that option in place yet, although Ukto has stated it will be implemented. What I will be doing to pay out the dividends is removing those bonds temporarily from the market, deleting them, and then paying out dividends to the remaining bonds. This shouldn't stop anyone from purchasing bonds as it will only take a few minutes to do.
Next Saturday when dividends are paid out, I will not be re-listing the remaining bonds. It has occurred to me that some individuals may choose to purchase a large quantity of bonds once dividends have begun being paid, therefore diluting the existing bondholders dividends. As the hashrate of LRM is rising this could become a reality. To prevent this from happening while still allowing for growth of the company, I will be selling small quantities of bonds at market price until the remaining bonds (out of the 100,000) are sold. This will allow LRM to market regulate. It is important to raise capital and expand without harming those who made their investments early.
The reason I have chosen next Saturday is that it is 1 full month from the day the bonds were listed, and there should be a significant amount of hashrate coming online in the next couple weeks for LRM.
As of right now LabRatMining has reached 122GH/s, but should be increasing each and every week until those large orders are received. This means you will not be receiving a large sum of dividends this week, but the number is going to be increasing significantly from here on out. It has come to my attention that a few members of the community may have misinterpreted what I was saying in that I am promising a minimum of 100MH/s and a likely 350+MH/s per bond. What that statement means is that intended hashrate per bond will be paid out once all hardware is received. I am in the process of securing a significant amount of hardware, so this number should be reached rather quickly.
These next weeks will be very exciting for everyone involved. Thank you to everyone who has helped make this possible.
There have been concerns that the bonds I'm still holding (are in the process of selling) will receive a portion of the dividends. I am here to explain why this will not happen. On BTCT.co they have the option to "not pay dividends to yourself," whereas BitFunder does not have that option in place yet, although Ukto has stated it will be implemented. What I will be doing to pay out the dividends is removing those bonds temporarily from the market, deleting them, and then paying out dividends to the remaining bonds. This shouldn't stop anyone from purchasing bonds as it will only take a few minutes to do.
Next Saturday when dividends are paid out, I will not be re-listing the remaining bonds. It has occurred to me that some individuals may choose to purchase a large quantity of bonds once dividends have begun being paid, therefore diluting the existing bondholders dividends. As the hashrate of LRM is rising this could become a reality. To prevent this from happening while still allowing for growth of the company, I will be selling small quantities of bonds at market price until the remaining bonds (out of the 100,000) are sold. This will allow LRM to market regulate. It is important to raise capital and expand without harming those who made their investments early.
The reason I have chosen next Saturday is that it is 1 full month from the day the bonds were listed, and there should be a significant amount of hashrate coming online in the next couple weeks for LRM.
As of right now LabRatMining has reached 122GH/s, but should be increasing each and every week until those large orders are received. This means you will not be receiving a large sum of dividends this week, but the number is going to be increasing significantly from here on out. It has come to my attention that a few members of the community may have misinterpreted what I was saying in that I am promising a minimum of 100MH/s and a likely 350+MH/s per bond. What that statement means is that intended hashrate per bond will be paid out once all hardware is received. I am in the process of securing a significant amount of hardware, so this number should be reached rather quickly.
These next weeks will be very exciting for everyone involved. Thank you to everyone who has helped make this possible.
August 10, 2013, 09:24:41 AM
My main concern is the rate of receiving hardware. LR ordered 3TH from BFL not too long ago. I'm a risk taker - afterall, I'd buy LRM 'bonds' 
- but that's something I wouldn't do. Why? Because I'm still waiting on delivery of a June/July 2012 order. So, my concern is when LRM receives it, will it be able to recoup the ~$132,000 spent on the 3TH (i.e. with the difficulty growing as fast as it is, and new hardware on the horizon at fractions of BFL prices)? 
The reason I'd feel a bit safer (less risk) to buy LRM 'bonds' is the diversifying of hardware purchases that appear to be being made. So far, LR has some Bitfury orders in place which should counter some losses incurred from BFL purchases (well, if that happens to become a loss).
Cointerra and others seem interesting. I won't be too surprised if 500GH machines eventually retail for $500 or less. It might be wise to hold some of those funds at LRM for such buying markers/opportunities. Either that or continuously buying the faster ASIC deliverables.
That said, I won't put it past BFL to surprise people with new competitive offers. Hopefully, in that case, they will give folks that made late BFL purchases a buying edge to recoup losses that might otherwise occur.
- but that's something I wouldn't do. Why? Because I'm still waiting on delivery of a June/July 2012 order. So, my concern is when LRM receives it, will it be able to recoup the ~$132,000 spent on the 3TH (i.e. with the difficulty growing as fast as it is, and new hardware on the horizon at fractions of BFL prices)? The reason I'd feel a bit safer (less risk) to buy LRM 'bonds' is the diversifying of hardware purchases that appear to be being made. So far, LR has some Bitfury orders in place which should counter some losses incurred from BFL purchases (well, if that happens to become a loss).
Cointerra and others seem interesting. I won't be too surprised if 500GH machines eventually retail for $500 or less. It might be wise to hold some of those funds at LRM for such buying markers/opportunities. Either that or continuously buying the faster ASIC deliverables.
That said, I won't put it past BFL to surprise people with new competitive offers. Hopefully, in that case, they will give folks that made late BFL purchases a buying edge to recoup losses that might otherwise occur.
I understand your concern, and I can say with confidence that I am looking into each and every hardware manufacturer in great detail. I will not allow LRM to fall behind in the ASIC race. I am therefore diversifying the fund amongst any and all hardware manufacturers who actually get their promised hardware working in the form of a prototype. I will not be risking company funds on manufacturers who at this point could fail to bring their hardware to market.
August 09, 2013, 11:27:25 PM
My main concern is the rate of receiving hardware. LR ordered 3TH from BFL not too long ago. I'm a risk taker - afterall, I'd buy LRM 'bonds' - but that's something I wouldn't do. Why? Because I'm still waiting on delivery of a June/July 2012 order. So, my concern is when LRM receives it, will it be able to recoup the ~$132,000 spent on the 3TH (i.e. with the difficulty growing as fast as it is, and new hardware on the horizon at fractions of BFL prices)?
The reason I'd feel a bit safer (less risk) to buy LRM 'bonds' is the diversifying of hardware purchases that appear to be being made. So far, LR has some Bitfury orders in place which should counter some losses incurred from BFL purchases (well, if that happens to become a loss).
Cointerra and others seem interesting. I won't be too surprised if 500GH machines eventually retail for $500 or less. It might be wise to hold some of those funds at LRM for such buying markers/opportunities. Either that or continuously buying the faster ASIC deliverables.
That said, I won't put it past BFL to surprise people with new competitive offers. Hopefully, in that case, they will give folks that made late BFL purchases a buying edge to recoup losses that might otherwise occur.
- but that's something I wouldn't do. Why? Because I'm still waiting on delivery of a June/July 2012 order. So, my concern is when LRM receives it, will it be able to recoup the ~$132,000 spent on the 3TH (i.e. with the difficulty growing as fast as it is, and new hardware on the horizon at fractions of BFL prices)? The reason I'd feel a bit safer (less risk) to buy LRM 'bonds' is the diversifying of hardware purchases that appear to be being made. So far, LR has some Bitfury orders in place which should counter some losses incurred from BFL purchases (well, if that happens to become a loss).
Cointerra and others seem interesting. I won't be too surprised if 500GH machines eventually retail for $500 or less. It might be wise to hold some of those funds at LRM for such buying markers/opportunities. Either that or continuously buying the faster ASIC deliverables.
That said, I won't put it past BFL to surprise people with new competitive offers. Hopefully, in that case, they will give folks that made late BFL purchases a buying edge to recoup losses that might otherwise occur.
August 09, 2013, 02:30:00 PM
Brace yourself, "where are my dividends?" posts are coming! 
Yup. 122GH/s (in hand) divided by the bonds sold (~26,000) is about 4.7 MH/s per bond. This Saturday's payout will be next to nothing. However, good news for investors. This will probably anger some people, and they'll sell off some bonds for cheap. I'm already waiting to buy them up. Surely people can't be that stupid, can they? There were never going to be dividends for a long time, surely even the most stupid out there realise that 0.00001>0 no?
immediately followed by
Havelock Investments seems to be going downhill with all those lackluster IPOs. SANDSTORM, and then this.
i found it funny
+1. Amazing.
*waits to buy more bonds*
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