Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 81. (Read 452170 times)

I'm glad you think so. I do try to be self-correcting and thus will admit if I'm wrong. And so far, the consensus off forum is that I'm fair and reasonable in my approach...and have even been thanked for bringing certain information, points and issues up.

In phone conversations with Zach, we've always have quite cordial conversations. So, if you see me being intense on the forum, it's with the best intention and not personal. And I'm pretty sure Zach knows this based on our private conversations. We've yet to get into any uncomfortable talk on the phone - and they have tended to be pretty informal chats. My only issue on the phone is he is overly secretive about some things which seem pretty trivial, especially considering that many investors have more personal assets at stake than he does.

Anyway, so if I ever comes off that I'm being too aggressive, remember the rule we should all have learned already in email. The lack of inflection can often seem more intense or in the other direction trivial when typed out.

Anyway. I'm glad there are some people like you that are positive about Zach's intentions. However, I did notice you do have perhaps the largest sell order in place.

And yet last time he pre mined the results were not public. We hv no idea exactly how long he pre mined or how many coins he mined in that time or how much he actually spent on hardware etcetcetc zach has kept everything at as low a transparency level as possible from the start till present day

Zach wouldn't have to hide the hardware for pre-mining, he could talk with investors and they'd probably not make much a fuss about it - if at all. But he has already said LRM has access to cheap hardware and should therefore be very sustainable - spoken in such a way that pre-mining would apparently be unnecessary. [By the way, that point is one that he will have to contend with if he tries to change the effective payout ratio.] However, he would hide it if he was mining out of greed for personal wealth gain on the backs of burned investors.

If it's discovered that he has hardware and is hiding such mining, it will be interesting to see how fast Coinseed reacts when they get news either from public news or forums or some investor attorneys that Zach is being sued for fraud. On top of that issue of concern, Coinseed will be hit with the fact that their hardware is tainted by LRM hardware in their facilities - and subject to audit in a case of fraud. How this would impact Coinseed's reputation, investors and threaten their own hardware would be disturbing question to Kauffman of Coinseed. So, this potential threat alone is one that appears will always work in favor of investors. And a reason for which Zach should actually realize he needs to be responsible to investors to avoid any lawsuits.

If you think zach has had hardware delivered and it's just sat around in a box not mining you are insane. Either it's mining for zach's personal benefit or for LRM but it is certainly not sat idle

You sir are neither troll nor whiner....  

All valid and agreeable points.

I would be more okay with that than being stuck at 100mh per post split whatchamacallit but less okay with that than contactmike1's scenario where we get back dividends for the hardware that was delivered, if it was delivered and has been put into service, once all legal issues are settled.  Between the previously announced dates plus about 10PH somewhat suddenly appearing on the network over the last week or so, seems reasonable to presume that -something- new has arrived.  That 10 PH is probably a combination of a few manufacturers but bitfury probably is in there too.  It is possible it has not been put into service, however, because of the open legal issues.  Perhaps with the old structure, LRM -can't- legally run over xx TH/s.  Who knows.  Not us, that's for sure.

I guess only time will tell.  I do hope Zach and his lawyers come up with something good and soon.  They're only going to get one shot at it otherwise risk some serious consequences from stakeholders.

I told you all already zach is gonna mine with the bit fury hardware for two to three weeks then pretend like he found a solution but can't pay back dividends but will promise to reinvest in new hardware. Of course there will be no proof provided

Mark my words

What trolling and whining are you speaking about? I don't see much of that going on really. Thinking things are being worked out doesn't make the plain facts disappear. And if someone expresses themselves as being reasonably upset doesn't make a person a troll or whiner. Not sure if that is what you are referring to specifically.

Don't you think people have fair reasons to be upset with how their bond/contract(whatever) investments have been driven down to practically zero, and that there is no actual transparency on hardware or assets? And shouldn't people be very alarmed that LR appeared willing to violate the spirit of the original agreement? The fact alone should set off loud alarm bells. That is perhaps the biggest concern of mine.

LR has stated often how busy he is. Maybe, he is really busy. But meanwhile, consider these facts:
1) Can you currently sell a bond now for even 5% of the BTC0.15+ paid for initial bonds? No.
2) Can you buy/sell bonds easily yet on any platform? No.
3) Is there any transparency on LR dealings or assets? No.
4) Did LR appear ready to set bonds at a fixed hash-rate and violate the original terms? Yes.

If people are upset at any of these, and there are other possible & legitimate reasons, then don't you think they would be justified to voice discontent. If you are calling that trolling or whining, then you seem disconnected from that part of the reality of the situation. If you are referring to some other specific comments, then sorry, carry on since this doesn't apply.

Keep in mind I want to see LRM succeed. But not for the benefit and/or pride of a single person. Rather for the benefit of all investors (including Zack of course), and in accordance with the spirit of the original agreement. Different is okay, imo, but anything less would be a failure.

Thanks Zach - I expect you will sort this out for the good of all.

Looking forward to solid facts and news when available.

All you all trolls and whiners - carry on..... those that are not trolls and whiners - thank you too.


 

Labrat.
What is the shipment status of the 156TH of hardware Bitfury hardware to be received in the beginning of March? Received and mining away happily inside Coinseeds facilities unbeknownst to investors?

The fact of the matter is this. Dave was delivering you hardware steadily. Now, not a word? Yet, it appears Dave is still selling & shipping hardware based on information on his website:

"Welcome to Megabigpower
Welcome to MegaBigPower: A leader in Bitcoin Mining equipment and parts.  Our products are in-stock and ship daily (once payment clears and info is verified) - that means you can start generating coin in a matter of days rather than waiting months for a pre-order from another company.  Mine bigger with MegaBigPower!"
[ my red bold emphasis. source: https://megabigpower.com/shop/ ]

Is Dave's shipment claim false?

Current in stock inventory list:

Brand: Megabigpower.com
Product Code: 25GHV1_CARD
Availability: 387

Brand: Megabigpower.com
Product Code: 25GHV2_CARD
Availability: 151

Granted, that is only a little over 13TH of hardware, but it means Dave is still shipping. And surely, he could have sent LRM 5TH to 10TH fairly easily in the interim.

sources:
https://megabigpower.com/shop/index.php?route=product/product&product_id=66

https://megabigpower.com/shop/index.php?route=product/product&product_id=65

I try.

My $.02.

You,

You are just the worst....

Reminds me of a double decker couch

DUI? Dealing Drugs? Defrauding investors?  Stealing Bitcoins?

Better Call Saul!

http://www.bettercallsaul.com/

My $.02.

Receptionist: "Mr Frugalberg, that Zach character is on the phone again"
Frugalberg: "*sigh* pass him over to Jimmy in the mailroom, tell him to be vague and use lots of long words"

Of course!  There's only one Saul Goodman.

Is there only one lawyer in your lawyers firm? 

Careful that you don't cut yourself with those edges.

+1
Already been asked many times. LABRAT What a f****** mystic problem you have, that u cannot even tell it.
I think this is just bullshit as you and ur company, because you are just 15 old boy that know nothing.

Became I have weird humor.

I'm sorry but I hvae not been able to determine from the preceeding posts exactly what are the "legal issues".

Fin-CEN, Money Transmitter registrations; what?

Now don't get me wrong here, I like Lab a lot.

Just asking.

My $.02.