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Showing 19 of 19 results by tar_meneldur
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Oh, boy. BFL blames the customers as part of their defense.
http://www.coindesk.com/butterfly-labs-urges-court-dismiss-ftcs-self-serving-fraud-charges/
http://www.coindesk.com/butterfly-labs-urges-court-dismiss-ftcs-self-serving-fraud-charges/
Classic. BFL must stand for Blame Foolish Losers. In other words blame the people they made losers by over promising and under delivering.
Edit: I read the article and I'm not seeing how they're blaming the customers in this instance. I'm keeping my comments above because BFL has a history of casting blame to anybody but themselves.
What I was referring to was this: BFL argues that "...no reasonable bitcoin-mining consumer could have concluded that anticipated shipping date and product development representations made by the company were either material or misleading.
BFL argued that reasonable investors should have anticipated possible delays or unforeseen product developments, citing several precedents involving tech companies. The company maintained that it merely disclosed the status of products under development and that its "shipping date and product development representations were immaterial and not misleading as a matter of law""
So.. sounds to me that they are arguing that all those promises and delivery date changes should not have been trusted, and if we did, we were not "being reasonable".
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Oh, boy. BFL blames the customers as part of their defense.
http://www.coindesk.com/butterfly-labs-urges-court-dismiss-ftcs-self-serving-fraud-charges/
http://www.coindesk.com/butterfly-labs-urges-court-dismiss-ftcs-self-serving-fraud-charges/
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
I wonder if this scam http://www.coindesk.com/hackers-reroute-isp-traffic-steal-bitcoins/ could be the source of some of the "bad luck" different pools have experienced?
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
I find it humorous that LostDutchman slammed LRM's contract partly on the basis of grammar and misspellings,while the organization he puts in his sig (that leads to Quickstopcorporationshop.com) has a bunch of this on their webpage. Does he criticize them as well?
Creative spellings:
"cyrpto"? "siginificantly"? "ecorporation"?
Interesting grammar:
"It my own assets"
"a corporation is a separate legal entitities"
And the best of all: "in order to preserve the insulation from liability". Wow. Can insulation be sued?
Creative spellings:
"cyrpto"? "siginificantly"? "ecorporation"?
Interesting grammar:
"It my own assets"
"a corporation is a separate legal entitities"
And the best of all: "in order to preserve the insulation from liability". Wow. Can insulation be sued?
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Yah that's pretty close to ad hominem or close to a moral high ground or appeal to authority type fallacy by insinuating the level of ownership relates to the validity of the opinion.
Only if the answer is "zero" does it matter.
Do agree - In my mind zero bonds = your opinion is yours, please keep it to yourself.
That was exactly grnbrg's point- LostDutchman posted awhile ago that he owned no LRM shares.
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
In the next chapter, can you have Lab_Rat being controlled by CIA mind rays? That would be *awesome*.
grnbrg.
grnbrg.
+1
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
I will say one thing as this is a side note to the actual release. Power costs are far UNDER $0.02/kWh for LRM starting in March so LRM is not going anywhere for a very very very long time.
My two satoshis -- there can be only One.
+1 for the Highlander ref.
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Again, I completely agree, in principle. But in practice, LRM has paid dividends quite regularly, certainly if I compare it to other Bitcoin securities in which I've had the misfortune of investing. He should definitely strive to be completely consistent, but seeing as this is mostly a one-man operation (and a rapidly expanding one, at that), I don't expect 100% accuracy. I would rather he focused on the hashrate and missed a dividend day here and there. Theoretically he could hire someone to take the load of himself and make things like dividend payments work like clockwork, but that would take money which would decrease the company's profit. So if you want to maximize the value of your bonds, I think a one-man operation that works well most of the time is probably the best compromise you can hope for.
+1
Re: [115 Th] 50BTC.com - PPS|Stratum+Vardiff|Port 80|QIWI,Yandex,Mobile,WM...
I'm not so sure that the x10,000 thing mentioned above (for what was done by the hack to the account balances) is true for everyone.
I had somewhere between 0.3 and 0.5 available on 50BTC before the problems; I tried to withdraw and moved to another pool. But if I divide what they say is my balance (108 BTC) by 10,000, that's only .0108.
I had somewhere between 0.3 and 0.5 available on 50BTC before the problems; I tried to withdraw and moved to another pool. But if I divide what they say is my balance (108 BTC) by 10,000, that's only .0108.
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Thanks, to both comments.
Actually, I was thinking of those that had extra characters, street addresses, etc in the BTC address, making them invalid. I guess the same would apply; the funds got left at BitFunder, unless LR can somehow claim them.
This was back on p. 58 of this thread:
"Among the BitFunder public keys:
"" - A null key. This user (Single?, Multiple?) holds several assets.
"14oQSdpw56jv3Xn49EM58nNY5RSDbiPGwr " - probably valid, but has trailing spaces.
" \tBalance \t 1Dxg9ZazutpaNkS3Yu5NwMsBHuHTRPdkn" - Uhhhhh....
" 155TY9EpfpML46QA5bhYxRkxXpcJJFZfxU" - leading spaces.
"150 Vernon Ave. #400 Vernon, CT. 06066" - Dude. That's not a bitcoin address.
"https:\/\/blockchain.info\/wallet\/3d0719da-52a1-" - Neither is that.
"e4c966be-7fe4-45fe-a5e1-7781f3081e04" - lolwut?
"13yEHkfHB9Hc7c1JZ15qqSP2Zw8hQugA9k13yEHkfHB9H" - Not a valid address, and a holder of 15 LRM bonds!
"635a91d71c72e64f2be449065407ac59b213eb127b279" - Another LRM holder (2 bonds) who doesn't have a clue.
" \t \t1birdyVUS7v4gHsruyBFbmGM6YDLJTkNa"
There are probably more creative entries. Just found this on a once-through the assetlist..."
-----------------
On another matter, just for fun, I just counted the different assets (companies) at BF and found that 18 of the 40 have frozen their trades- no trades in the last (at least) 48 hours. Guess the rest are non-US.
Actually, I was thinking of those that had extra characters, street addresses, etc in the BTC address, making them invalid. I guess the same would apply; the funds got left at BitFunder, unless LR can somehow claim them.
This was back on p. 58 of this thread:
"Among the BitFunder public keys:
"" - A null key. This user (Single?, Multiple?) holds several assets.
"14oQSdpw56jv3Xn49EM58nNY5RSDbiPGwr " - probably valid, but has trailing spaces.
" \tBalance \t 1Dxg9ZazutpaNkS3Yu5NwMsBHuHTRPdkn" - Uhhhhh....
" 155TY9EpfpML46QA5bhYxRkxXpcJJFZfxU" - leading spaces.
"150 Vernon Ave. #400 Vernon, CT. 06066" - Dude. That's not a bitcoin address.
"https:\/\/blockchain.info\/wallet\/3d0719da-52a1-" - Neither is that.
"e4c966be-7fe4-45fe-a5e1-7781f3081e04" - lolwut?
"13yEHkfHB9Hc7c1JZ15qqSP2Zw8hQugA9k13yEHkfHB9H" - Not a valid address, and a holder of 15 LRM bonds!
"635a91d71c72e64f2be449065407ac59b213eb127b279" - Another LRM holder (2 bonds) who doesn't have a clue.
" \t \t1birdyVUS7v4gHsruyBFbmGM6YDLJTkNa"
There are probably more creative entries. Just found this on a once-through the assetlist...
"-----------------
On another matter, just for fun, I just counted the different assets (companies) at BF and found that 18 of the 40 have frozen their trades- no trades in the last (at least) 48 hours. Guess the rest are non-US.
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
I have a few nooby questions.
Remember all the shares that were discovered recently where the owners had malformed addresses?
Seems like the transactions would have failed when attempts were made to send dividends (maybe several rounds) to them through BitFunder.
Were attempts made to get the addresses corrected? And where did those dividend funds go?
Remember all the shares that were discovered recently where the owners had malformed addresses?
Seems like the transactions would have failed when attempts were made to send dividends (maybe several rounds) to them through BitFunder.
Were attempts made to get the addresses corrected? And where did those dividend funds go?
I'm 56.
My sons (23 and 29) got me into it- they built a custom GPU rig for BTC mining about 2 years ago. I started reading up on it, and when it came time to build a new PC for my home office, I got a nice case that can hold the longer GPU cards. I now run 2 cards in it (5830 and 5750). With the BTC difficulty increase, I have since switched them to LTC.
Back in Feb 2013 I ordered a BFL 30 Gh Little Single, and just got it a week or so ago. It was defective. It came with only 2 screws holding the motherboard, and a rattling loose Mobo screw. Even after adding the screw, the PC couldn't see it, and the fan wouldn't turn. So still didn't run.
. After an RMA, got a working one a quick week later and have been ASIC mining BTC's since.
My sons (23 and 29) got me into it- they built a custom GPU rig for BTC mining about 2 years ago. I started reading up on it, and when it came time to build a new PC for my home office, I got a nice case that can hold the longer GPU cards. I now run 2 cards in it (5830 and 5750). With the BTC difficulty increase, I have since switched them to LTC.
Back in Feb 2013 I ordered a BFL 30 Gh Little Single, and just got it a week or so ago. It was defective. It came with only 2 screws holding the motherboard, and a rattling loose Mobo screw. Even after adding the screw, the PC couldn't see it, and the fan wouldn't turn. So still didn't run.
. After an RMA, got a working one a quick week later and have been ASIC mining BTC's since.