Bitcoin Forum

Not with this clusterfuck of an IPO...

I can't see these guys having any staying power.

What have the actual issuers of the stock done wrong?  The excitement caused by the IPO was not expected by anyone, and they are rationally trying to make a fair solution for everyone instead of hastefully dumping the shares on the market.  So far it has been much more orderly than Activemining's IPO.

IPO's should be simple... x shares available, x bids to eat up those shares - top bids get eaten first

wheres the discussion to be had? it's absurd.

The problem is that the issuer has no idea when the asset will be approved, and once it is approved bidding can begin.  The voting can take days or weeks, but LABCOIN was approved in less than a day.  They had no chance to put the stocks up before bids were in place, but still want to honor the IPO price of .001.  I commend them for standing by the original price and not just profiting of the speculators.  Ken of AMC fucked up his IPO so bad (repeatedly dumping more shares at one price before undercutting himself later on, dumping 500,000 additional shares for "extra expenses" after the original NRE sold out), and yet you stand by him.  Makes me wonder who you're invested in  right now :)

I'm predicting that all the leftover money from the IPO will get poured into BTCGarden without anyone checking the thread.

I predict it's going to crash.

Here is why:

1) Mass hysteria over the IPO. This is rarely a good sign for an IPO. The IPO was overbooked by almost 3 times.

2) Everyone who wasn't able to buy in the IPO wasn't able to because of glitches with the BTCT.CO website. These people are pissed off and not likely to invest now.

3) The mining space is increasing competitive. KNCMiner and Bitfury are about to release their chips and miners and are going to completely overwhelm anyone sill using first generation mining ASICs. Labcoin is behind and won't be able to keep up.

I predict it's going to crash.

Here is why:

1) Mass hysteria over the IPO. This is rarely a good sign for an IPO. The IPO was overbooked by almost 3 times.

2) Everyone who wasn't able to buy in the IPO wasn't able to because of glitches with the BTCT.CO website. These people are pissed off and not likely to invest now.

3) The mining space is increasing competitive. KNCMiner and Bitfury are about to release their chips and miners and are going to completely overwhelm anyone sill using first generation mining ASICs. Labcoin is behind and won't be able to keep up.

The price on this will run higher than what people are expecting... it's just so cheap to begin with.  Even if people sell at .002 it's cheap.  This is even more of a speculators dream than active mining.

I predict it's going to crash.

The problem is that they dont really have anything to back it up. 130nm chips in Q4 2013? 65 nm in Q2 2014?
Competitors have 28nm coming in early Q4 2013.

The price on this will run higher than what people are expecting... it's just so cheap to begin with.  Even if people sell at .002 it's cheap.  This is even more of a speculators dream than active mining.

Here is a chance to put your money where your mouth is :D

Starting at 0.002/share https://bitcointalk.org/index.php?topic=265600.msg2843636#msg2843636

IPO's should be simple... x shares available, x bids to eat up those shares - top bids get eaten first

wheres the discussion to be had? it's absurd.

The problem is that they dont really have anything to back it up. 130nm chips in Q4 2013? 65 nm in Q2 2014?
Competitors have 28nm coming in early Q4 2013.

I'm really surprised at folks really expecting this to "crash".
Do you actually think it will crash below the IPO price? No fucking way. There was huge demand for the IPO for good reason: because compared to the possible outcome of this stock, the initial price was ridiculously low. You have ActM for example, who don't yet have anything to show for either, and their shares are traded at ~0.005 now, while they have a total of 25m shares. This one starts at 0.001 with only 10m shares. I see this easily trading at 0.005 short term, and higher in the long run.

Surprising comment coming from you. All you do is pimp out Actm. It has already been explained why they chose higher nm chips and why 28nm is both very expensive and risky. And unlike Ken the guys at Labcoin seem to have a really solid and reasonable plan backed up by facts, not just hype.

Surprising comment coming from you. All you do is pimp out Actm. It has already been explained why they chose higher nm chips and why 28nm is both very expensive and risky. And unlike Ken the guys at Labcoin seem to have a really solid and reasonable plan backed up by facts, not just hype.

looks like the post-ipo hype is over and people will start cashing out....

"The first run will yeild 1000-1500 chips @ 130nm, 300Mhz, Power 0.8W, 6.5x6.5mm design. With specs of 5 GH at 2.7W/GHash."

So, which one is it? 0.8W or 13.5W?
With that second value this chip will vaporize. Thermal resistances will not allow to operate so small die at so high temperatures...

What I can say is that nm density is a very small part of chip design and higher density does by no means automatically mean higher frequency or better efficiency.

Glad I sold 1/4 of my shares at ~0.004 to cover my expenses of investing in the IPO :) Rest of the shares I'm gonna hold for a while to see if Labcoin actually succeeds in making some hardware. If it does, they are gonna go way up, if not, well, I already recovered my initial investment...

We're just about at that price point where people who wanted to get in the ipo but couldn't might make a dive in, especially seeing that people have no qualms about trading it 3+

Only 3x it ain't no sandstorm :D

Anyone else disappointed with Labcoins performance so far?

Is it going to slowly sink back down to the IPO price or is it every go to go up?

Because I wasn't able to buy in at the IPO due to BTCT's bugs, I bought when trading started. Even though I feel I got a good price, I'm down quite a bit right now.

I'm praying it wasn't just a scam all along and let's see if Labcoin produces.

 there is consistent selling pressure. people want out.

I'm praying it wasn't just a scam all along and let's see if Labcoin produces.

 there is consistent selling pressure. people want out.

I think people will sell the first batch of btcgarden shares and dump the btc right back into labcoin

It's the circle of life.

I'm assuming that since BTCGarden isn't going to pop-up by 20-100%, people are going to dump and come back to LC within a day or two

BTCGarden IPO seems like an extremely poor short term investment.  There's virtually no chance of the price going up short term. 

BTCGarden IPO seems like an extremely poor short term investment.  There's virtually no chance of the price going up short term. 

the price is up...you fail

Bump.

Asks have no meat until 0.0016. Most bids are at 0.0012. Not too exciting ;)

so you guys seriously think that the Share Price  drops to about 0.002 ?

please answer

Pretty quiet in the speculation thread
So many stories over in the main  :D

no, that thinking is history.

UPDATE:

Just got off talking to Sam. The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12, more likely less then that but I have advised against setting a specific hour/time as this just leads to frustration if missed) and users will be able to view the mined coins through pool and this address:

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.

According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.

TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.

Update:


Just a small update with the address signed so that there is less confusion and fud when pool mining is running.

Message: Labcoin mining address
Signature: HJRjzVPG3CC5OjInesByNcdfkI2kz6hONR3LjVUABUVDq03Z3ARcmEfdXWeJwzX0zUqoWkyx1rNjmps CuP8cWQA
Address: 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

The hashing rate of BTC Guild is 391T.

25 * 2 / 391 = 0.127 BTC, so it took more than 5 blocks for 2Th/s to get 0.7 BTC.

By checking the transaction history, however, 0.7BTC could be the income of 2 blocks. So the hashing speed is 391 * 0.7 / 25 = 11 Th/s.

Great number. :) But we'd better to check more paying before we can know their actual hashing rate.

UPDATE:

As usual by now I am very sorry for the lack of updates. I do however at this time have an update for actual hashing.

Though the launch of the mining operation has been delayed and the team is still tweaking miners we now have around 800gh hashing at btcguild at:

http://www.btcguild.com/index.php?page=rankings&section=teams

The Labcoin team is currently listed as 24 Labcoin.

According to Sam, more hash rate will be deployed daily. I do not have any goals or hash rate estimates to communicate right now but as soon as I do, I will of course communicate this.

I hope that I can provide more timely updates on a lot of open questions shortly, and I hope everyone is having a good weekend.

UPDATE:

Even though I don't like making promises but Sam has assured me that 20TH is a goal that will not be missed within 2 weeks.

I am also working on having the "warning" removed from the security as Sam assured me that the team has not to sell any significant amount of shares and the ownership is still far above the 75% that was communicated as the holding limit.

I am in contact with burnside regarding resolving this ASAP. Since the team has separate accounts with BTCT.CO we are trying to find a smart solution to locking a certain amount (75%) of founder shares across several accounts.

I can only reiterate that the same statement as issued is still true and 75% of founder shares are, and will be held for 12 months from the date of the announcement.

Wise from my mistakes I am not giving a deadline, but I hope and think that we can resolve this "warning" very soon.

WARNING -- This asset has been flagged for potential violation of their Stockholder Agreement. More information is available here. Please place your orders accordingly.

The statement the exchange made was 100% factual.  Though it could have been worded differently, the warning needed to be made.  Attempts at communication prior to the issuance of the warning had not been successful.

I have updated the warning.

For those that are curious about what we are currently trying to figure out, it's this clause:


We have asked for verification of the withholding of 30% of the shares.


Some other users have pointed out, correctly, that other issues have had contract violations.  This is true, but I should point out a couple of things.  First, the ability to put notices on individual assets is a relatively new feature in the site code.  Second, we've also recently placed warnings on other issues elsewhere and we have documented these.  Third, we can only place warnings where we are aware of the contractual issues.  That is to say that we have to get notice from people familiar with the particular issue and then look into it ourselves.

We'll refine and improve on the process as we have done with most things.

Cheers.

So... was it a scam, or just incompetence?
Or is it still unclear?

are taking steps to track down Samuel Noi (or/and Fabrizio & Alissia) in case communication is not reestablished.

more shabby investors will probably take the law in their own hands. What is certain is that many angry people will track them down.

This fabrizio?
http://cn.linkedin.com/in/fabriziotatti
https://www.facebook.com/fabrizio.tatti

The price on this will run higher than what people are expecting... it's just so cheap to begin with.  Even if people sell at .002 it's cheap.  This is even more of a speculators dream than active mining.