Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
301MH fixed?
Ok, just kidding, don't get any ideas.
By the way, here's a solution to some of the tension. A problem that has been a problem since the beginning. Your fee structure should not be built into the 25%. It causes confusion and there is no transparency (one of your stated goals in the past).
Instead! A fine solution if I must say so myself.
You should eliminate any Labrat fee terminology... and in place of it create 5000 new bonds for yourself, and call the dividends from that as your fee for management.
That way 100% of the 25% goes to electricity and new hardware, and less speculation on what is going on behind the curtain. Your pay would be very fair and dependent upon performance of LRM - along with everyone else. You claimed you wanted to operate more openly. This is a very fine opportunity to do that and win support. You'd receive about 8% of all dividends - isn't that plenty fair if not very generous? I'm willing to bet this idea receives a lot of welcome b/c it shouldn't affect your pay and it peels back the curtain a bit.
By the way, the video above of Dave's PH farm was scary. LR, are you ready to handle that kind of facility?
I could get behind that, especially if we could see the blockchain activity from mining. we would know exactly what was happening.
Some questions that would be nice to have answered concerning Due Diligence LR performed on executing the old bonds/contracts/mining shares (whatever we want to call them now) and the change to new ones:
- What is the problem?
- Did this problem suddenly happen? (I assume no, since you said you've been working on this for 2-3 months)
- If not, why are we addressing it right now with partial solution?
- Why didn't we address this earlier?
- Why didn't we discuss the problem prior to taking action?
- Can we have a copy of what the lawyers had to say on the issue and the solution?
- What agency is exerting pressure on LRM, if any?
- Why tell us the purchase of new hardware was going to give us 2 gh/s per share, if you already knew there were problems with the shares being legal?
- Why sell more shares, if you already knew about this?