Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Spreadsheet with divs per bond going back to day 1. Also has approximate hashrate, div increase/decrease week over week, and profit % based on .15 BTC IPO.
If any one sees any glaring mistakes, let me know.
https://docs.google.com/spreadsheets/d/1YnYihk2iWoxyD4fYMhwDbeVaQJRjBU_NVARqMXUIOd4/edit?pli=1#gid=0
At this rate, we're right on track to 100% ROI by August 2017 If any one sees any glaring mistakes, let me know.
https://docs.google.com/spreadsheets/d/1YnYihk2iWoxyD4fYMhwDbeVaQJRjBU_NVARqMXUIOd4/edit?pli=1#gid=0
This is incorect... you are assuming Zach is not going to sell future contracts diluting our payouts and that future hardware purchases will continue to pay a bonus to us... it wont... by this time next year... the Bitfury miners we just got will not operate at a profit against power costs.
The only savior in all this is when LRM finally gets their damn Imperial Monarchs, if that is the choice Zach made.
Yes I was being sarcastic
In the world of Bitcoin mining, "ROI by 2017" is tantamount to "ROI never"... Only the Flying Spaghetti Monster knows if Bitcoin will even exist by then.
Obviously there are many unpredictable factors, both internal to LRM and environmental, which will affect success in the long term. At the rates of difficulty increase we've seen over the last year, ANY mining equipment (Imperial or otherwise) is useful for just a few months. By this time next year, it is quite possible that both Bitfury and BFL will be a distant memory.
My point is this: at IPO, the future looked bright and many of us hoped for 100% ROI in a matter of months. At this point we must accept that no particular deal Labrat strikes, no specific purchase of equipment, will get us the kind of return we're hoping for. LRM's only chance of making back the IPO investment is by continuously making smart reinvestment choices and keeping up with difficultly changes over the scale of years. So, hang tight and don't put too much hope on Monarchs...