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Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 3. (Read 452170 times)

hero member
Activity: 509
Merit: 500
Official LRM shill
I'll poke Zach again, but I doubt much will come of it.  He has been very reticent for some time.

My personal speculation:  Either the lawsuit is still ongoing, and he can't comment.  Or the lawsuit has been resolved, and included a gag order meaning he can't comment.  And he may have found (as many others have) that posting nothing is produces less rage posts than posting bad news or no comment posts.

As far as

Quote
Zach executed a long con. He wanted shareholders to pay for hardware, and under the guise of "law" he basically diluted the crap out of every shareholder other than himself.

Bullshit.  Hindsight is 20/20.  We all expected things to go differently, but then the price crashed, and mining became far more competitive far faster than anyone anticipated.  Sure, Zach might have made better decisions in some cases, but that's easy to see now.  It was less clear at the time.

My rule for investing in Bitcoin has always been "Never more than you can afford to lose entirely.".  That applied to LRM as well.  Zach seemed to have an excellent idea and plan, so I gave him a couple of thousand dollars worth of newly purchased Bitcoin.  And I haven't seen any evidence that he behaved irresponsibly with it, and I've been closer to him than most.

At least I've got the balls to admit that it was my choice to give him coins, and that anything I've lost is on me.


grnbrg.
legendary
Activity: 1568
Merit: 1001
Despite all of this unfolding, I'd say that Zach should say his piece about what is going on up in here. It might be unnerving but necessary to his holders.
jr. member
Activity: 62
Merit: 1
Zach executed a long con. He wanted shareholders to pay for hardware, and under the guise of "law" he basically diluted the crap out of every shareholder other than himself.
I can say that in the beginning that wasn't Zachs goal.  Before he started this and was looking into it he legitimately thought he could make a business out of it.  Unfortunately from the get go he was relying on BFL for hardware (many of us were making that mistake at the time).
I can not say how his motivations changed after it got up and running as we did not keep in communication.
full member
Activity: 179
Merit: 100
Zach executed a long con. He wanted shareholders to pay for hardware, and under the guise of "law" he basically diluted the crap out of every shareholder other than himself.
jr. member
Activity: 62
Merit: 1
The only payments that anyone has received are the weekly payments.
member
Activity: 67
Merit: 10
Due to the lack of any sort of action on this message board does that mean that anyone who had any serious amount of money in this has been paid out and signed a non disclosure agreement or currently part of a legal battle?    Just seems to have been wayyy to quiet...

Personally I sunk a few bitcoins (Few hundred at exchange rate when I jumped onboard at the start)...  Isn't going to change my life losing or getting them back... But is there anyone still here who knows anything who can comment?  Or has lost significantly more and not doing anything about it?

I lost a decent amount and have not been paid off, wish I had... What is there to do?
jr. member
Activity: 45
Merit: 3
Due to the lack of any sort of action on this message board does that mean that anyone who had any serious amount of money in this has been paid out and signed a non disclosure agreement or currently part of a legal battle?    Just seems to have been wayyy to quiet...

Personally I sunk a few bitcoins (Few hundred at exchange rate when I jumped onboard at the start)...  Isn't going to change my life losing or getting them back... But is there anyone still here who knows anything who can comment?  Or has lost significantly more and not doing anything about it?
jr. member
Activity: 62
Merit: 1
Short of paying for a pacer account I don't know if there are any updates on the lawsuit.  Didn't see any news on it online anywhere.
grnbrg, you still around?  Have you heard anything on the lawsuit or even from Zach?
newbie
Activity: 4
Merit: 0
*crickets*.. Any news on the lawsuit?
jr. member
Activity: 62
Merit: 1
I'm not sure you will get a reply on here from LabRat, his last post on this forum was in December.  You may be better off emailing him off the website.
https://bitcointalksearch.org/topic/m.9743473
He has still been fairly consistent on the payouts.  I think the only one on Sunday recently was the 8th of March (and I guess the 15th of February).  So we know he's still alive.
member
Activity: 67
Merit: 10
There was something going to happen in the 1Q. Is their anything going on LR?
donator
Activity: 1057
Merit: 1021
I know it's a tough task, given that we probably don't know basic info like our hashrate, but is anyone keeping track of roughly how much BTC has been "set aside" thus far?

"Set aside"  haha.  The majority of the profits are going right into Zach's pocket.
legendary
Activity: 1092
Merit: 1001
Touchdown
I know it's a tough task, given that we probably don't know basic info like our hashrate, but is anyone keeping track of roughly how much BTC has been "set aside" thus far?
member
Activity: 116
Merit: 10
any news from the yacht? Tongue
member
Activity: 77
Merit: 10
With my weekly earnings from this I could get an entire 1/6th of a water bottle.

Incredible.

Cheer up.

Well, if bitcoin continues to rise, in about a week you will be able to get an entire 1/3rd of a water bottle.  Grin Grin Grin

Cheers

Dave
hero member
Activity: 1492
Merit: 763
Life is a taxable event
With my weekly earnings from this I could get an entire 1/6th of a water bottle.

Incredible.
legendary
Activity: 1022
Merit: 1001
I'd fight Gandhi.
Speaking of the datacentre pictures, remember this old gem?
Waiting for the Moarchs.  (Just two more weeks!)
Oh man, good times. Tongue
Butterfly Labs - "Try our new product: Two Weeks™! Now with 4,000% more weeks! But wait! If you act now, we'll put you in the priority queue backed by our award winning* 100% no-guaranteed money back policy! Order to act now!"




*2014 Gold place - United States Marshals Service approved
legendary
Activity: 1274
Merit: 1004
Speaking of the datacentre pictures, remember this old gem?
Waiting for the Moarchs.  (Just two more weeks!)
Oh man, good times. Tongue
hero member
Activity: 509
Merit: 500
Official LRM shill
BTW: When I visited him in May, and posted pictures from his datacentres, I spent a lot of time and effort faking the GPS locations in the EXIF metadata and NO ONE NOTICED!!

I am disappoint.


grnbrg.
Your right, I didn't even look.
On that note however.... half of them are Philippines and the other half are Australia.  That's a fast yacht!  Does it still count as a yacht?!?
Geelong Chess Club, Geelong VIC, Australia
40;46;5.5:73;58;38.5
5th & 8th, Pasay, Metro Manila, Philippines
40;45;32.5:73;59;5.9


Sorry I was lazy and didn't bother with all the decimal places.


Crap, I must have been tired.  It should be -73 longitude, not +73....  D'oh.



grnbrg.
jr. member
Activity: 62
Merit: 1
BTW: When I visited him in May, and posted pictures from his datacentres, I spent a lot of time and effort faking the GPS locations in the EXIF metadata and NO ONE NOTICED!!

I am disappoint.


grnbrg.
Your right, I didn't even look.
On that note however.... half of them are Philippines and the other half are Australia.  That's a fast yacht!  Does it still count as a yacht?!?
Geelong Chess Club, Geelong VIC, Australia
40;46;5.5:73;58;38.5
5th & 8th, Pasay, Metro Manila, Philippines
40;45;32.5:73;59;5.9


Sorry I was lazy and didn't bother with all the decimal places.
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