Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
VinceSamios
on 08/01/2014, 15:50:23 UTC
Would still rather just see the Alt Coins be turned into BTC (About 26 BTC by my estimates currently) and distributed with dividends with 25% being kept by LRM as it is profits from mining.

Reinvesting it in overpriced CEX.IO gear would be a waste and just push payback time further out as 26 BTC is only going to get around ~550GH currently at CEX.io prices (~0.2BTC/Day).

To put this in perspective it would take 130 Days to get that back if difficulty DIDN'T change.
I also didn't sign up to play the CEX.io Market with shareholder gear.

Let's not waste money simply to have more hashing power please.



Seconded...

LRM needs to be buying sub $5/GH to stay competitive.