Labrat mining | Bitcointalksearch.org

ScryptAsic

hero member

Activity: 647

Merit: 501

GainerCoin.com 🔥 Masternode coin 🔥

Quote from: garwaybeast on November 09, 2013, 05:35:47 PM

Im curious wether it was a waste of money putting 8btc into labratmining shares 2 months ago? Ive got maybe 0.5 btc return from the shares but the share value has dropped so it doesnt look like i will be getting much of a return by selling the shares either. Have others lost or made money from this scheme? Im curious what experience others have had. At the moment mine is moving towards negative as it is not an easy quick process to sell the shares since moving off of bitfunder. Id be interested to hear from anyone

Well, the share is now dirt cheap, I would invest more money into if the platform wasn't bitfunder...

goddardnet

newbie

Activity: 49

Merit: 0

I would stick with it. You have purchased a number of 'bonds' which are a share of the weekly hash output from the LRM hardware farm.
To start with the farm grew well with hardware delivered from BFL and BitFury equipment on the horizon.
Unfortunately there has been a delay with the roll out of high powered bitfury rigs which are just coming on stream this week with the agreement that the first two weeks output from 'all' bitfury rigs will be pooled by LRM as investment for further hardware purchases wit hthe double benefit of a reduce hardware cost.

LRM has admitted himself that this weeks hike to 510M is hurting everyone (3 blocks an hour with 3.6PH/S in some cases) so this 'may' reduce as more hardware is no longer anticipated in the exponential growth we have seen since Sept when KNC and others came online.

LRM also stated today that the hardware farm will grow to in excess of 100TH by Feb 2014 - more than 3 X the 30TH envisaged in July.

Basically hang on in there and your rewards will come over the next few months and beyond.

GoddardNet

garwaybeast

newbie

Activity: 14

Merit: 0

Im curious wether it was a waste of money putting 8btc into labratmining shares 2 months ago? Ive got maybe 0.5 btc return from the shares but the share value has dropped so it doesnt look like i will be getting much of a return by selling the shares either. Have others lost or made money from this scheme? Im curious what experience others have had. At the moment mine is moving towards negative as it is not an easy quick process to sell the shares since moving off of bitfunder. Id be interested to hear from anyone

Topic: Labrat mining (Read 402 times)