Ninjastic
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Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
MaxwellsDemon
on 20/05/2014, 16:23:40 UTC
Quote from: maqifrnswa on May 19, 2014, 11:14:18 PM
Quote from: grnbrg on May 19, 2014, 07:16:15 PM
Quote from: well.attenuated on May 19, 2014, 03:04:31 PM
Are fresh contracts being sold yet or are they still only available in the trading thread? If so what is the current asking price / 100mH from LabRat?

EDIT: changed wording to contracts
If for some reason you wanted to buy direct from LRM, I can certainly get a price for you.  It is highly unlikely to be better than the price you can get in the trading thread, though.  The current lowest selling price there is 0.006BTC per 100MH/s contract.



grnbrg.

If this is true, labrat should be using LRM funds to buy existing contracts. What you just said means that it is more expensive to go buy new hashrate than it is for LRM to consolidate existing hashrate.

This is a good point, but it assumes that the price Labrat charges for issuing new 100 MH/s contracts is identical to what it costs him to buy 100 MH/s worth of hardware. He could be overcharging when issuing new contracts, which could actually be good for existing contract holders.