Ninjastic
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Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
oldbushie
on 30/04/2014, 15:02:25 UTC
Quote from: bobfranklin on April 30, 2014, 06:04:24 AM
Quote from: Endlessa on April 30, 2014, 05:52:36 AM
Quote from: oldbushie on April 29, 2014, 06:15:57 PM
Okay, I just emailed Lab_Rat for clarification.

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 300 "new" contracts with 100 MH/s each with potential variable growth on top of the guaranteed hash rate.

This is keeping in mind that before the change, contracts were getting roughly 300 MH/s apiece on average based on the proportional rate (75%/25% split). So this is effectively a clarification change and nothing more, with option 2 being the better option. I agree that there should be a lot more than that amount of hash rate by now, but there have been a lot of unfortunate manufacturer delays. The outlook right now is a little bleak but I am hopeful that one day my investment will still pay off.



problem with this is you're taking a snap shot measurement on the eve of us receiving our largest hashrate investment.  These numbers are fine and dandy, except, we're just short of a large upgrade.  



Exactly what I wondered about.
Which is why Option 2 would be the better option in this case. It is my sincere hope that, much like regular stock companies, Lab_Rat continues to "split" contracts when he is able to guarantee a higher base hashrate. In fact, if that were written up in some form, I would personally feel a lot more confident. Otherwise it would be a bit weird to eventually have a base hashrate of 100 MH/s on a contract with 900 MH/s as the "extra bonus".