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Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 261. (Read 452180 times)

sr. member
Activity: 266
Merit: 250
Brace yourself, "where are my dividends?" posts are coming!  Roll Eyes
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. Smiley

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.
sr. member
Activity: 454
Merit: 252
Brace yourself, "where are my dividends?" posts are coming!  Roll Eyes
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. Smiley

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
member
Activity: 98
Merit: 10
I do not sell Bitcoins. I sell SHA256(SHA256()).
Havelock Investments seems to be going downhill with all those lackluster IPOs. SANDSTORM, and then this.
sr. member
Activity: 266
Merit: 250
Brace yourself, "where are my dividends?" posts are coming!  Roll Eyes
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. Smiley

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?
legendary
Activity: 1022
Merit: 1001
I'd fight Gandhi.
Brace yourself, "where are my dividends?" posts are coming!  Roll Eyes
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. Smiley
sr. member
Activity: 336
Merit: 250
Lab_Rat please kindly update both estimated hash rate per share & Current hash rate per share as you start to get more mining power online , I find this info valuable to people buying your shares.

Look here  http://www.labratmining.com/currentHashrate.html
hero member
Activity: 560
Merit: 500
Lab_Rat please kindly update both estimated hash rate per share & Current hash rate per share as you start to get more mining power online , I find this info valuable to people buying your shares.
sr. member
Activity: 266
Merit: 250
I'm just fire-fighting as I expect a lot of people to be waving burning torches soon saying "You guaranteed XXX MH/bond" when the first dividends are paid out v. soon, when in fact what they should be saying is "it's only small but boy is it sooner than I expected, and much better than nothing at all!"

+1  Smiley



grnbrg.

Brace yourself, "where are my dividends?" posts are coming!  Roll Eyes
hero member
Activity: 509
Merit: 500
Official LRM shill
I'm just fire-fighting as I expect a lot of people to be waving burning torches soon saying "You guaranteed XXX MH/bond" when the first dividends are paid out v. soon, when in fact what they should be saying is "it's only small but boy is it sooner than I expected, and much better than nothing at all!"

+1  Smiley



grnbrg.
sr. member
Activity: 266
Merit: 250

However, the full hashrate per bond will not be paid until all the hardware that was bought with the money raised by those bond sales is online, which will be many weeks from now. Things are starting to ramp up, and there may well be a decent amount of power coming online soon, but the full amount per bond (forecast to be ~350MH/s) won't be paying dividends until many (read >6) weeks from now.

Yes, we are saying the same thing.  That is the only point I was trying to make.  That the minimum hashrate dividends per bond  will not be met until the hardware is installed and hashing for two weeks. What that value is, is based on what bonds have been sold to that point, and what hardware is operational.

Sorry, we are indeed in agreement then!

I'm just fire-fighting as I expect a lot of people to be waving burning torches soon saying "You guaranteed XXX MH/bond" when the first dividends are paid out v. soon, when in fact what they should be saying is "it's only small but boy is it sooner than I expected, and much better than nothing at all!"
sr. member
Activity: 336
Merit: 250

However, the full hashrate per bond will not be paid until all the hardware that was bought with the money raised by those bond sales is online, which will be many weeks from now. Things are starting to ramp up, and there may well be a decent amount of power coming online soon, but the full amount per bond (forecast to be ~350MH/s) won't be paying dividends until many (read >6) weeks from now.

Yes, we are saying the same thing.  That is the only point I was trying to make.  That the minimum hashrate dividends per bond  will not be met until the hardware is installed and hashing for two weeks. What that value is, is based on what bonds have been sold to that point, and what hardware is operational.
sr. member
Activity: 266
Merit: 250

Well the details of the bond indicate that it's a minimum of 100Mh per share and dividends will be paid out after the end of the 2nd full week of mining (so I take that to mean after 3 full weeks of mining with the 3rd week being the revenue-generating hashrate).

I don't read that at all. It possibly will be less than the 100Mh minimum per share until fully operational.   Look at the 2nd Sentence.   " If the entire 100,000 bond IPO is not sold immediately,bonds will represent an equivalent portion of the processing power included in the operation at that time."

Quote
Dividends/Bond Value – Each bond will receive a minimum of 100MH/s* worth of mining profit in dividends/returns (all dividends are intended as contractual returns based on investments and may simply be referred to as dividends for future purposes) on a weekly basis.  The first payout will be at the end of the second full week mining.  If the entire 100,000 bond IPO is not sold immediately, bonds will represent an equivalent portion of the processing power included in the operation at that time.  If it occurs that multiple installments of hardware are required to fulfill the IPO’s expected hardware, the earnings of each installment will begin to be paid out in dividends on the second full week of each installment.  Dividends will be paid out on Saturdays ~12 noon Eastern Time(UTC -0500.)

You are right that it won't be 100MH/s per bond until fully operational, but your reasoning is wrong. As grnbrg says, the number of bonds sold doesn't make a huge difference (other than a few economies of scale, hence the small increase if large numbers are sold), as unsold bonds do not earn dividends.

However, the full hashrate per bond will not be paid until all the hardware that was bought with the money raised by those bond sales is online, which will be many weeks from now. Things are starting to ramp up, and there may well be a decent amount of power coming online soon, but the full amount per bond (forecast to be ~350MH/s) won't be paying dividends until many (read >6) weeks from now.
hero member
Activity: 509
Merit: 500
Official LRM shill
I don't read that at all. It possibly will be less than the 100Mh minimum per share until fully operational.   Look at the 2nd Sentence.   " If the entire 100,000 bond IPO is not sold immediately,bonds will represent an equivalent portion of the processing power included in the operation at that time."

Quote
Dividends/Bond Value – Each bond will receive a minimum of 100MH/s* worth of mining profit in dividends/returns (all dividends are intended as contractual returns based on investments and may simply be referred to as dividends for future purposes) on a weekly basis.  The first payout will be at the end of the second full week mining.  If the entire 100,000 bond IPO is not sold immediately, bonds will represent an equivalent portion of the processing power included in the operation at that time.  If it occurs that multiple installments of hardware are required to fulfill the IPO’s expected hardware, the earnings of each installment will begin to be paid out in dividends on the second full week of each installment.  Dividends will be paid out on Saturdays ~12 noon Eastern Time(UTC -0500.)

It should be noted that the number of bonds sold does not make a huge difference in the per-bond hash rate.  If the entire 100k issue sells out, there will be 4x as much hardware available as now, but also 4x the number of bonds to distribute them to.

The issue here is that there is a lag between when all the hardware is ordered, and when it arrives.  And all the hardware is not going to arrive at once.



grnbrg.
hero member
Activity: 509
Merit: 500
Official LRM shill
So what is the hashing rate per share right now with Lab_Rat mining @ 95 Gh/s.
There are currently just shy of 26,000 bonds sold, to which dividends will be payed.

LRM takes 25% for costs and reinvestment (See the bond calculator for details) so the hashrate per bond is currently ((95,000 Mh/s * 0.75) / 26,000) or 2.74 MH/s per bond.  There are still hardware orders that are outstanding right now.

From the official announcement:

Quote
Dividends/Bond Value – Each bond will receive a minimum of 100MH/s* worth of mining profit in dividends/returns (all dividends are intended as contractual returns based on investments and may simply be referred to as dividends for future purposes) on a weekly basis.  The first payout will be at the end of the second full week mining.  If the entire 100,000 bond IPO is not sold immediately, bonds will represent an equivalent portion of the processing power included in the operation at that time.  If it occurs that multiple installments of hardware are required to fulfill the IPO’s expected hardware, the earnings of each installment will begin to be paid out in dividends on the second full week of each installment.  Dividends will be paid out on Saturdays ~12 noon Eastern Time(UTC -0500.)

More hardware is coming.  Current estimates are for around 350 MH/s per bond.


grnbrg.
sr. member
Activity: 336
Merit: 250

Well the details of the bond indicate that it's a minimum of 100Mh per share and dividends will be paid out after the end of the 2nd full week of mining (so I take that to mean after 3 full weeks of mining with the 3rd week being the revenue-generating hashrate).

I don't read that at all. It possibly will be less than the 100Mh minimum per share until fully operational.   Look at the 2nd Sentence.   " If the entire 100,000 bond IPO is not sold immediately,bonds will represent an equivalent portion of the processing power included in the operation at that time."

Quote
Dividends/Bond Value – Each bond will receive a minimum of 100MH/s* worth of mining profit in dividends/returns (all dividends are intended as contractual returns based on investments and may simply be referred to as dividends for future purposes) on a weekly basis.  The first payout will be at the end of the second full week mining.  If the entire 100,000 bond IPO is not sold immediately, bonds will represent an equivalent portion of the processing power included in the operation at that time.  If it occurs that multiple installments of hardware are required to fulfill the IPO’s expected hardware, the earnings of each installment will begin to be paid out in dividends on the second full week of each installment.  Dividends will be paid out on Saturdays ~12 noon Eastern Time(UTC -0500.)
sr. member
Activity: 246
Merit: 250
My spoon is too big!
So what is the hashing rate per share right now with Lab_Rat mining @ 95 Gh/s.

It seems to be ~3.5Mhs/share

95GH/s/26k shares = 3.65Mhs/s

Well the details of the bond indicate that it's a minimum of 100Mh per share and dividends will be paid out after the end of the 2nd full week of mining (so I take that to mean after 3 full weeks of mining with the 3rd week being the revenue-generating hashrate).
sr. member
Activity: 441
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
So what is the hashing rate per share right now with Lab_Rat mining @ 95 Gh/s.

It seems to be ~3.5Mhs/share

95GH/s/26k shares = 3.65Mhs/s
hero member
Activity: 560
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So what is the hashing rate per share right now with Lab_Rat mining @ 95 Gh/s.
hero member
Activity: 599
Merit: 502
Token/ICO management
Eclipse is registering 74/95GH I'm pointing toward it, so until I get that worked out I'm mining privately. It's in as a backup, but I don't appreciate a paycut... Not sure if EMC does that to everyone and therefore it works out in the long run or if it's an issue with how it's reading LRM's shares. Didn't have time to look at it today as there are other more important things to do. Either way... 95GH and climbing rapidly!!!

More power!!!! Cheesy

Agreed, and I'm working on it  Wink
hero member
Activity: 924
Merit: 506
Eclipse is registering 74/95GH I'm pointing toward it, so until I get that worked out I'm mining privately. It's in as a backup, but I don't appreciate a paycut... Not sure if EMC does that to everyone and therefore it works out in the long run or if it's an issue with how it's reading LRM's shares. Didn't have time to look at it today as there are other more important things to do. Either way... 95GH and climbing rapidly!!!

More power!!!! Cheesy
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