Quote from: sparky999 on March 23, 2014, 07:47:55 PM

Quote from: Frankthechicken on March 23, 2014, 04:59:28 PM

Quote from: sparky999 on March 23, 2014, 04:35:20 PM

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

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.

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

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.