Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 265. (Read 452224 times)
July 23, 2013, 03:43:58 AM
July 22, 2013, 07:17:05 AM
Of that hardware that is purchased, 75% is paid out directly to investors, while the remaining 25% is used to re-invest, giving the company a higher total hashrate which will in turn increase the bondholders hashrate. A portion of this 25% will be used for running expenses and a small management fee.
You must state the exact portion of proceeds you intend to keep as management fees. "Small" means what?
I can't give an exact portion for the fact that the dividends are variable while the hosting costs are fixed resulting in an ever changing portion of dividends remaining. I can guarantee that at no time will I not reinvest if the funds are there, meaning the dividends remaining are over the cost of at least one rig.
This value is dependent upon the USD/BTC exchange rate and the dividends brought in over the course of that week. I am not going to make any promises at this time for the fact that in 6 months this could cause the company to be operating in the red.
I will give full disclosure at the time of these events, but can't and won't put the company in jeopardy because you want to know in advance. I am already operating at an extremely low margin that is 21:1 as profitable as some other PMBs on the market. I feel as though I have promised enough.
You simply decide on whether your compensation will be fixed, dynamic, or both. Then you state the portion that is fixed, and the formula or proportion of what is dynamic.
July 22, 2013, 07:06:18 AM
Of that hardware that is purchased, 75% is paid out directly to investors, while the remaining 25% is used to re-invest, giving the company a higher total hashrate which will in turn increase the bondholders hashrate. A portion of this 25% will be used for running expenses and a small management fee.
You must state the exact portion of proceeds you intend to keep as management fees. "Small" means what?
I can't give an exact portion for the fact that the dividends are variable while the hosting costs are fixed resulting in an ever changing portion of dividends remaining. I can guarantee that at no time will I not reinvest if the funds are there, meaning the dividends remaining are over the cost of at least one rig.
This value is dependent upon the USD/BTC exchange rate and the dividends brought in over the course of that week. I am not going to make any promises at this time for the fact that in 6 months this could cause the company to be operating in the red.
I will give full disclosure at the time of these events, but can't and won't put the company in jeopardy because you want to know in advance. I am already operating at an extremely low margin that is 21:1 as profitable as some other PMBs on the market. I feel as though I have promised enough.
July 22, 2013, 06:40:48 AM
Of that hardware that is purchased, 75% is paid out directly to investors, while the remaining 25% is used to re-invest, giving the company a higher total hashrate which will in turn increase the bondholders hashrate. A portion of this 25% will be used for running expenses and a small management fee.
You must state the exact portion of proceeds you intend to keep as management fees. "Small" means what?
July 22, 2013, 06:34:05 AM
Soslove868 definitely has a point guys, if things go south buyers of this asset can only rely on whats in the contract but not what is posted in this thread right. 
P.S Lab_rate I think this is a cool asset & wish best of luck to you.
It will be wiser if investors are requesting him to update his contract ,in order to as same as what he mentioned in this thread. P.S Lab_rate I think this is a cool asset & wish best of luck to you.
also ask him to check his mistake in his calculation, it is a mistake or something isn't fully disclosure,by telling investors what is the reason causing the difference between 418 MHash/s and 318.86 MHash/s .
This is not a mistake and yes I have disclosed all numbers. I have stated that 80% of funds invested by bond purchasers is going directly into hardware, while the remaining 20% will be used for start-up costs associated with a project of this scale.
Of that hardware that is purchased, 75% is paid out directly to investors, while the remaining 25% is used to re-invest, giving the company a higher total hashrate which will in turn increase the bondholders hashrate. A portion of this 25% will be used for running expenses and a small management fee.
These numbers are already amended to the contract:
Quote
Bond Value Calculation -- LabRatMining is making an 80% direct investment into hardware with multiple manufacturers, while the remaining 20% is used for start-up costs associated with an operation at this scale.
The dividends from the hardware that LabRatMining is operating and/or going to operate will be divided between the company and it's investors. 75% of all dividends are being paid out to investors directly, while the remaining 25% of dividends are used for reinvestment. This provides an ever increasing total hashrate for the company, which in turn increases a bonds worth. Out of this 25% will also come running expenses and a small management fee.
The dividends from the hardware that LabRatMining is operating and/or going to operate will be divided between the company and it's investors. 75% of all dividends are being paid out to investors directly, while the remaining 25% of dividends are used for reinvestment. This provides an ever increasing total hashrate for the company, which in turn increases a bonds worth. Out of this 25% will also come running expenses and a small management fee.
These numbers have always been the intention of LabRatMining and I have made public statements declaring such. I understand that some individuals want a guaranteed minimum as well as a "best guess" and I have now provided both.
July 22, 2013, 06:03:13 AM
July 22, 2013, 02:50:13 AM
Soslove868 definitely has a point guys, if things go south buyers of this asset can only rely on whats in the contract but not what is posted in this thread right.
P.S Lab_rate I think this is a cool asset & wish best of luck to you.
It will be wiser if investors are requesting him to update his contract ,in order to as same as what he mentioned in this thread. P.S Lab_rate I think this is a cool asset & wish best of luck to you.
also ask him to check his mistake in his calculation, it is a mistake or something isn't fully disclosure,by telling investors what is the reason causing the difference between 418 MHash/s and 318.86 MHash/s .
July 22, 2013, 02:39:36 AM
Soslove868 definitely has a point guys, if things go south buyers of this asset can only rely on whats in the contract but not what is posted in this thread right.
P.S Lab_rate I think this is a cool asset & wish best of luck to you.
P.S Lab_rate I think this is a cool asset & wish best of luck to you.
July 22, 2013, 01:36:45 AM
if no one bid up the bonds above 0.16 , then after 12 weeks, according to that BITFURY will delivery its products at earliest on October.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
From what you're stating, my bonds at a current minimum value of 300MH/s per bond would pull in at least 0.0766 * 3 = 0.2298 BTC on an investment that costs 0.15 BTC. If the quantity of bonds sold increases, the hashrate per bond follows, but the later purchasers pay slightly more. This would allow for early investors to make more profit, but also increase the company's hashrate maintaining that same profitability through new purchases of bonds. There will also be a sizable re-investment made regularly by LabRatMining further increasing your hashrate. This will in turn increase profitability. So on a worse case scenario according to you, you would make a minimum of your money back +50% and still have the bond in hand to sell at a later date.
I don't see anything negative in what you just said. Bitcoin is not a sprint to get rich, it's a marathon to make a profit.
No, at the current level of 17,000 bonds sold, the estimated hashrate per bond is 313 MH/s.
grnbrg.
If he going to execute exactly as the contract , this bond is only equivalent as 100MH/s...
July 22, 2013, 01:25:53 AM
July 21, 2013, 10:30:12 PM
if no one bid up the bonds above 0.16 , then after 12 weeks, according to that BITFURY will delivery its products at earliest on October.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
From what you're stating, my bonds at a current minimum value of 300MH/s per bond would pull in at least 0.0766 * 3 = 0.2298 BTC on an investment that costs 0.15 BTC. If the quantity of bonds sold increases, the hashrate per bond follows, but the later purchasers pay slightly more. This would allow for early investors to make more profit, but also increase the company's hashrate maintaining that same profitability through new purchases of bonds. There will also be a sizable re-investment made regularly by LabRatMining further increasing your hashrate. This will in turn increase profitability. So on a worse case scenario according to you, you would make a minimum of your money back +50% and still have the bond in hand to sell at a later date.
I don't see anything negative in what you just said. Bitcoin is not a sprint to get rich, it's a marathon to make a profit.
No, at the current level of 17,000 bonds sold, the estimated hashrate per bond is 313 MH/s.
grnbrg.
Thank you for clarifying that even faster than I could get to it.
July 21, 2013, 10:28:38 PM
if no one bid up the bonds above 0.16 , then after 12 weeks, according to that BITFURY will delivery its products at earliest on October.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
From what you're stating, my bonds at a current minimum value of 300MH/s per bond would pull in at least 0.0766 * 3 = 0.2298 BTC on an investment that costs 0.15 BTC. If the quantity of bonds sold increases, the hashrate per bond follows, but the later purchasers pay slightly more. This would allow for early investors to make more profit, but also increase the company's hashrate maintaining that same profitability through new purchases of bonds. There will also be a sizable re-investment made regularly by LabRatMining further increasing your hashrate. This will in turn increase profitability. So on a worse case scenario according to you, you would make a minimum of your money back +50% and still have the bond in hand to sell at a later date.
I don't see anything negative in what you just said. Bitcoin is not a sprint to get rich, it's a marathon to make a profit.
No, at the current level of 17,000 bonds sold, the estimated hashrate per bond is 313 MH/s.
grnbrg.
July 21, 2013, 10:19:12 PM
if no one bid up the bonds above 0.16 , then after 12 weeks, according to that BITFURY will delivery its products at earliest on October.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
From what you're stating, my bonds at a current minimum value of 300MH/s per bond would pull in at least 0.0766 * 3 = 0.2298 BTC on an investment that costs 0.15 BTC. If the quantity of bonds sold increases, the hashrate per bond follows, but the later purchasers pay slightly more. This would allow for early investors to make more profit, but also increase the company's hashrate maintaining that same profitability through new purchases of bonds. There will also be a sizable re-investment made regularly by LabRatMining further increasing your hashrate. This will in turn increase profitability. So on a worse case scenario according to you, you would make a minimum of your money back +50% and still have the bond in hand to sell at a later date.
I don't see anything negative in what you just said. Bitcoin is not a sprint to get rich, it's a marathon to make a profit.
July 21, 2013, 09:16:41 PM
if no one bid up the bonds above 0.16 , then after 12 weeks, according to that BITFURY will delivery its products at earliest on October.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
From what you're stating, my bonds at a current minimum value of 300MH/s per bond would pull in at least 0.0766 * 3 = 0.2298 BTC on an investment that costs 0.15 BTC. If the quantity of bonds sold increases, the hashrate per bond follows, but the later purchasers pay slightly more. This would allow for early investors to make more profit, but also increase the company's hashrate maintaining that same profitability through new purchases of bonds. There will also be a sizable re-investment made regularly by LabRatMining further increasing your hashrate. This will in turn increase profitability. So on a worse case scenario according to you, you would make a minimum of your money back +50% and still have the bond in hand to sell at a later date.
I don't see anything negative in what you just said. Bitcoin is not a sprint to get rich, it's a marathon to make a profit.
July 21, 2013, 08:58:47 PM
if no one bid up the bonds above 0.16 , then after 12 weeks, according to that BITFURY will delivery its products at earliest on October.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
You guys will be burned at 12 weeks later.
We assume network difficulty will continues increase 15% per each adjust date. this equal to 12*7/10=8.4 times
the current 1 Mega/hash is about 0.003 ,recording to DMS.MINING . assume contract value will be decrease upon with the adjustment.
Then it will be 0.003 X (1-0.15)8.4times =0.000766. for 100 M/hash should only worh 0.000766*100=0.0766
P.S: if look back the recent trends of difficulty, it indicated about 20% increase each ten days... Thereby the above calculation is very conservative.
July 21, 2013, 08:20:11 PM
Well... A guaranteed 300MH/s / share sweetens the deal a LOT!
Heh. Only another 3k or so left in the initial 20,000 bonds at 0.15...grnbrg.
Given that 17k sold when they were 100MH/s shares and their value has just tripled, I can't see these lasting long...
July 21, 2013, 05:27:52 PM
Well... A guaranteed 300MH/s / share sweetens the deal a LOT!
Heh. Only another 3k or so left in the initial 20,000 bonds at 0.15...grnbrg.
Given that 17k sold when they were 100MH/s shares and their value has just tripled, I can't see these lasting long...
July 21, 2013, 05:07:11 PM
Well... A guaranteed 300MH/s / share sweetens the deal a LOT!
Heh. Only another 3k or so left in the initial 20,000 bonds at 0.15...grnbrg.
July 21, 2013, 05:05:09 PM
Well... A guaranteed 300MH/s / share sweetens the deal a LOT!
July 21, 2013, 02:42:49 PM
So if I'm understanding this correctly, as of right now, one bond will provide ~300+ MH/s?
Yes, and if you read the README and my previous posts, 8 weeks from now will likely be the start of dividend payouts in a sizable quantity (mid to late Sept.)
I will likely have some hardware within a couple weeks, but it will be small compared to that of the hardware being purchased.
Disclaimer: these values are subject to change with the market price of BTC/USD, but will likely be very close given current estimates.
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