Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
Lab_Rat
on 25/04/2014, 19:45:18 UTC
So to clarify, holders of original bonds are locked at 300Mh now? Then if "upgraded" to new contract they get 3 for 1 split at 100Mh each plus bonus which is depending on how much mine is costing to run and expand etc.

The effective rate of original contract holders is 300MH/s which is being paid at 100MH/s per contract due to the 3:1 split.  Whomever goes to the new contracts, will receive 1 new contract for each current contract they currently hold.  EX: If you hold 100 contracts currently, you will receive 100 new contracts at 100MH/s + bonus.  The bonus will be based upon the then available funds to pay it.