AntMiner and Spondoolies have similarly priced hardware at similar power cons so I've looked into both as they both have Oct delivery dates as of this time.

To any conspiracy theorists out there claiming I have blown the BFL refund or it doesn't exist, please remove yourself from these forums and go bother someone else.  It was guaranteed by the end of the month but I'll be bugging them for it tomorrow as the sooner the better.  I also feel that they are going to try to royally screw us on the BTC rate so I may have to go after them on this.

As BFL monarchs are due to be shipped soon(ish!) - relatively speaking and judging by the 'snippet' videos of BFL Monarchs running at box standard 600GH/s (0.002BTC per hour) these should produce 0.000006BTC per contract at current difficulty (someone check my math)?

Do we know how many Monarchs were ordered and plans to run either at 600GH/s or faster given the current problems with current draw and associated heat - warranty allegedly allows up to 1.2/1.4TH/s? - (Cue usual discussion BFL, delivery, promises, .....)

GoddardNet

Back from my week away and 3 hours after I get back, got into a pretty bad car accident.  No one was *seriously* injured.  Just a broken thumb for me and a bit of whiplash for everyone.

I'll try to answer the questions I noticed real quick though. (not fun typing)

Spondoolies are of interest and I'm looking to do something with them.  I can assure you I'm not paying that outrageous price though

BFL: no ship date in sight, but everything is ready for them.  I'm running the numbers to figure out what to expect and see if there is a better way to handle the situation.

GHash no longer has the "bonus" producing equipment on it, but it seems to be producing less coins on other pools....  Something weird with GHash...

Dividends have been sent out.

Mined	Per Contract
5.79241206	0.00003284
Bonus	Bonus Per Contract
18.5	0.00016513

grnbrg.

Edit: Contracts, not bonds.

Here is why what you wrote is false. And why you need a new lawyer.

Any supposed issue about "variable payouts" based on company performance is refuted by the fact that most companies ALREADY pay dividend based on their varying performance/growth. And each unit of ownership that receives dividends is based on a percentage of that unit per all units issued. That is exactly what each bond represents. Is paying dividends based on performance against federal or state laws? Clearly not.

Nobody that paid a percentage into this expected a "bond" to stop at 100MH. That was NEVER the expectation, and if you claim it was then you need to read the original posts about LRM. We aren't that stupid. And if your lawyer wrote it up differently, then you need to ask him how you can avoid being sued for documenting on your website and these forums how hashrates would not stop at 100MH.

The spirit of the matter(i.e the understood agreement) is this: The TRUE value of a bond was a fixed percentage of mining yields (not hashrate!), based on all issued bonds at any one time, and a fixed percentage is NOT VARIABLE. What ends up being mined may vary, but that is true if you fixed a bond at 100MH/bond instead of fixing it at ~1/50,000th of the 75% allotted for investors.

Cutting people off from their due percentage is a setup for a lawsuit, and I'm pretty sure a majority here are willing to go all the way with a lawsuit. Especially, after all the anger built up from all the scamming going on.

Your lawyer (who advised you from the beginning!) should have known exactly how this was going to work. And nobody signed a statement saying it was only going to be 100MH. If he's changing his story now,  then all I can say is that this smells like a crap story that needs investigation. And you might need to seek better legal counsel, because this guy is going to get you sued big time.

I hate to say it, but it seems like this is the first phases of allowing LRM to fail. And ifso it would seem to have something to do with Coinseed and some new hardware opportunities.
percentage.

My main reason of structuring like this.

Another BTC operation down the drain.

Please buy back our bonds at 0.15 and keep mining for yourself.

Again I would like to apologize for this seeming like I'm randomly dropping this out of thin air.  I have had morality yanking on one arm and legality yanking on the other for the last 2-3 months.  This is not a new development, it is just becoming a finalized one though.

If we can't get credit for new hardware, then why not buy back the bonds at the issued value (0.15)?  It sounds like there are very few options to get the value back to the bondholders now, but this type of option will alleviate most losses. The company will have a very large amount of incoming bitcoin available from the new hardware in March.

4 significant issues with this as well as many others. 

The original contract stated 0.15.
Not everyone paid this price.
Not everyone bought from me.
I operate in USD behind the scenes.

I've stated I'm working on the specifics of this.

LabRat the Monarchs will be late Feb at the earliest - PM me if you want details on this (from the horses mouth)

When are we getting divs? I need some new alpaca socks.

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January 2013: BFL Monarchs, maybe?  (Unless the Dec added IS the monarchs?)

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