Quote from: oldbushie on April 26, 2014, 01:35:23 AM

Quote from: Lab_Rat on April 25, 2014, 07:45:18 PM

Quote from: Flashman on April 25, 2014, 07:23:01 PM

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.

I'm confused.

Assuming 100 "original" contracts:

Option 1:
They get converted to 300 "original" contracts with 100 MH/s each and not a hash more.

Option 2:
They get converted to 200 "new" contracts with 100 MH/s each with potential variable growth on top of the guaranteed hash rate.

Unless I'm misreading LabRat, something doesn't quite add up.

From what I understood both before and after you have 100 bonds at 100MH/s each, if you convert them however you get the discretionary bonus option.