Does anyone has a pacer account ? so we can have documents related to : http://dockets.justia.com/docket/new-jersey/njdce/1:2014cv07495/312266
Xian01 in the BFL thread does. You could PM him and ask. 
Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 6. (Read 452224 times)
December 05, 2014, 09:12:26 AM
December 05, 2014, 04:44:18 AM
Does anyone has a pacer account ? so we can have documents related to : http://dockets.justia.com/docket/new-jersey/njdce/1:2014cv07495/312266
December 04, 2014, 07:51:28 PM
If it is going to the electric company then LR has the worst electricity rate in the US.
I have 160TH at .09/KW in Texas and I pay $8000 a month for electricity which leaves me over 30BTC a month profit.
I have 160TH at .09/KW in Texas and I pay $8000 a month for electricity which leaves me over 30BTC a month profit.
Do you know how much lawyers worth a damn cost? 30BTC/mo * $370 = ~$11000/mo......
If people would like to keep up with public documents, that's fine, but I can't say anything at all.
December 02, 2014, 06:44:50 AM
It appears to be zero information until further notice. That's the problem with discretionary combined with no information. . . it adds up to who the hell knows.
December 01, 2014, 10:02:57 AM
So it's zero bonus until further notice? 
November 30, 2014, 09:50:07 AM
If it is going to the electric company then LR has the worst electricity rate in the US.
I have 160TH at .09/KW in Texas and I pay $8000 a month for electricity which leaves me over 30BTC a month profit.
A nice chunk of the profits are paying for his 500K house he bought in Monmouth county, NJ with our coins.
I have 160TH at .09/KW in Texas and I pay $8000 a month for electricity which leaves me over 30BTC a month profit.
A nice chunk of the profits are paying for his 500K house he bought in Monmouth county, NJ with our coins.
November 29, 2014, 09:24:24 AM
It should be soon enough that our shares will be eaten up by costs. That should make everyone happy.
Yah damn, I was more confident of a bit of an uptick in price by now, at least high 400s, at least difficulty isn't really going anywhere. Need to stagger through to next bubble at least, then we should be seeing a majority of mine's output distributed, instead of going to the electric company.
November 29, 2014, 05:18:08 AM
Please do not spread FUD and false info. I'm not taking the proceeds of the mine for personal benefit and there are good things coming for Q1 2015, there are just some legal fees right now that were unplanned for. I have been advised that my only comment on this matter should be no comment and that LRM has not done anything illegal to warrant the current actions being taken against the company.
More information will become available through public means that anyone may feel free to get and share, but I am not able to comment at this time. I apologize for this.
-Zach
More information will become available through public means that anyone may feel free to get and share, but I am not able to comment at this time. I apologize for this.
-Zach
Dude a lawsuit forced you to come out of woods & communicate with us , where were you before , that doesn't fill any one with confidence about the the way you manage stuff & your way of managing your customers is the root cause for all the FUD , if you don't address FUD then it becomes truth.
Request you to communicate with us in genuine fashion & dont have to try hard or prove any thing , just walk the talk , Thank you
.De jaVu !
November 29, 2014, 02:23:25 AM
Hi all,
Interesting.
Seems LabRat doesn't live here anymore.
Cheers
Dave
Interesting.
Seems LabRat doesn't live here anymore.
Cheers
Dave
He cant comment on that court case. And I think he said nothing will happen before the 1Q. One can only hope that court case goes away somehow before that. Think thats the only way we here from LR this year.
November 27, 2014, 09:00:08 AM
We have a winner!! Game over. ;-)
November 27, 2014, 08:39:15 AM
Hi all,
Whilst we await LabRats return I guess we must entertain ourselves.
I propose a limerick competition.
Here is my (rather dubious) entry:
There once was a man called LabRat,
Who changed contracts on us just like that,
Then people got rude,
and some of them sued,
and that was the end of that!
Any other entries?
Cheers
Dave.
Whilst we await LabRats return I guess we must entertain ourselves.
I propose a limerick competition.
Here is my (rather dubious) entry:
There once was a man called LabRat,
Who changed contracts on us just like that,
Then people got rude,
and some of them sued,
and that was the end of that!
Any other entries?
Cheers
Dave.
November 27, 2014, 08:36:23 AM
Hi all,
Interesting.
Seems LabRat doesn't live here anymore.
Cheers
Dave
Interesting.
Seems LabRat doesn't live here anymore.
Cheers
Dave
November 25, 2014, 01:22:51 AM
It should be soon enough that our shares will be eaten up by costs. That should make everyone happy.
An inevitable outcome of a questionable situation
November 17, 2014, 12:10:11 PM
It should be soon enough that our shares will be eaten up by costs. That should make everyone happy.
November 11, 2014, 04:00:24 PM
Heh, I think that goes for whole of crypto for whole of 2014, legal professions have made out like bandits.
November 11, 2014, 01:33:21 PM
Should've been a lawyer, they seem to be the only ones making money from this investment. 
November 11, 2014, 03:13:53 AM
Did your lawyer advise you not to post the weekly earnings?
Otherwise get on the ball.
Otherwise get on the ball.
November 03, 2014, 02:25:47 PM
That payout was without bonus, with bonus it would likely be 3-5 times the payout you received. If the current circumstances did not exist you would have received a bonus, and as soon as possible you will begin receiving bonuses again.
I apologize for this, but it is the only option at this point.
I apologize for this, but it is the only option at this point.
Actually, I was using these numbers:
Distributions out:
Mined: BTC1.59967071
Per Contract: BTC0.00000897
Bonus: BTC6.2831853
Bonus Per contract: BTC0.00003522
Mined: BTC1.59967071
Per Contract: BTC0.00000897
Bonus: BTC6.2831853
Bonus Per contract: BTC0.00003522
Not accusing you of anything, just mulling over my poor decisions.
November 03, 2014, 01:44:20 PM
I really trust that Zack didn't want to screw us .... i bought from BFL and cointerra personnaly and know that's hard to have ROI and that's without customers sueing me lol. seams like ppl didn't understand the new contracts well ( man this was just rephrasing to comply with the law at the best price). but ... will hold my shares and hope that it will turn well.
Not making ROI is one thing, but losing almost all of your original investment (98% in my case, not the wisest investment!) is quite another. Using AMHash1 divs to price/compare LRM (someone correct me if I am wrong):
AMHash1 divs are ~ 0.00006258BTC/unit/week
LRM divs (for the week ending 11 Oct, including the "bonus") were 0.00004419BTC/unit/week
So LRM per unit divs were ~70.61% of AMHash1. 1 unit of AMHash1 is 0.00125BTC, so 1 LRM unit should be ~0.00088267BTC.
And that's assuming the "bonus" is paid each week.
Hmmm...
That payout was without bonus, with bonus it would likely be 3-5 times the payout you received. If the current circumstances did not exist you would have received a bonus, and as soon as possible you will begin receiving bonuses again.
I apologize for this, but it is the only option at this point.
November 03, 2014, 10:07:55 AM
I really trust that Zack didn't want to screw us .... i bought from BFL and cointerra personnaly and know that's hard to have ROI and that's without customers sueing me lol. seams like ppl didn't understand the new contracts well ( man this was just rephrasing to comply with the law at the best price). but ... will hold my shares and hope that it will turn well.
Not making ROI is one thing, but losing almost all of your original investment (98% in my case, not the wisest investment!) is quite another. Using AMHash1 divs to price/compare LRM (someone correct me if I am wrong):
AMHash1 divs are ~ 0.00006258BTC/unit/week
LRM divs (for the week ending 11 Oct, including the "bonus") were 0.00004419BTC/unit/week
So LRM per unit divs were ~70.61% of AMHash1. 1 unit of AMHash1 is 0.00125BTC, so 1 LRM unit should be ~0.00088267BTC.
And that's assuming the "bonus" is paid each week.
Hmmm...
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