ya, whatevs there is always a difference between a mining operation and getting the mining equip straight from factories with no markup and mining yourself. mining companies can compete but not on the same level as the manufacturer/miner
I completely agree and that's why I've always stuck with companies that make their own chips. That 'rule' has served me quite well. I'm not advocating for Peta-mine here. I'm just stating that others may be investing in a large IPO that will demand people sell other positions in order to invest. However... Asicminer: Currently having difficulty maintaining running blades. In fact, in friedcat's most recent post he even mentioned that one of the reasons they aren't posting an actual hashing meter is because it would require them to perform more maintenance (leading one to assume they are laxed on the maintenance and letting people see that would be a problem). This is further exacerbated by mysterious network issues that cause them to be unable to process all available transactions (losing fee's) and leading to orphaned blocks (highest orphaned block count of any mining pool). These same 'network issues' are frequently friedcat's excuse as to why hashing seems to be going offline. How hard is it to hire quality sys admins in China anyway? Labcoin: Small time player with questionable trust issues. Their stock price is already over priced considering the % of the network they will be able to realistically maintain being late to the game on old technology with limited funding. ActiveMining: Complete silence from them is leading investors to lose confidence. If you look at what they are offering and compare it to their competition, it's hard to see how they will make shareholders any profit with a 16GH, power hungry chip that realistically won't be out until mid November. Given the state of available securities it is easy to see why people might be open to investment in a company like Peta-Mine. If you think Labcoin is overpriced then you haven't done the maths. In 2 weeks it will have 3-4 Th/s online, so let's say about 0.5-1% of the network hash rate. 0.5% of the network hash rate will produce mining dividends of 252 BTC per difficulty round. With 10,000,000 Labcoin shares and 30% of profits being reinvested, that gives 0.00001764 BTC per share per difficulty round. For the price of 1 AM share, you can buy about 1000 Labcoin shares, which would provide 0.01764 BTC per difficulty round. A month later it will have about 50 Th/s, which will be between 5-8% of the network. At 5% of the network and 30% of profits being reinvested, each share will get 0.00017640 BTC per difficulty round. Those same 1000 shares as before, which currently cost about the same as 1 AM share, would produce 0.17640 BTC per difficulty round. |
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Allocate funds according to your risk appetite, and remember that it isn't an either / or proposal.
SO VERY MUCH OF THIS.I find it really sad that people believe that "this is a great investment" or "this is a horrible investment" is true for everyone else on Earth because it doesn't fit their own ideal. There are a number of highly respected posters on this board (and loathed ones, too) who are of the mindset that their opinion is the only one that matters... but it's logically unsound to project a subjective decision onto others. Everyone has different goals and methods. What's good for you may not be for someone else, and vice versa. Keep this in mind when you guys talk in absolute terms. Tell me about it. You should have seen Mabsark on the AM thread for weeks with this kind of nonsense. It was really annoying. Especially since he doesn't apply the same competition metric to LC. And since he doesn't I can only assume that he was disingenuous. You call it "nonsense" because it went against the circlejerk of "10 BTC" and "to the moon...", yet it turned out to be right. How is that "nonsense"? And I do apply that same logic to Labcoin. It's just that Labcoin isn't extremely overvalued and benefiting from a monopoly. Labcoin's situation is pretty much the polar opposite of AM's. |
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What's so hilarious to me, is that I've been saying that AM price would drop to 2.x due to competition for months now and Vela and his buds from the AM spec thread called me a troll, delusional and that the price would soon hit 10 BTC.
Vela's predictions are based on hopes and wishes.
No. I simply stated that Labcoin's 2nd gen ASIC will not be that long behind AM's. Do you not understand English?
AM's 2nd gen chips will be out later than KnC's 28nm ASICs. AM is therefore clearly doomed to failure!!!!!
AM is doomed by future competition? And how is Labcoin immune to competition that already exists? Who is hoping and wishing now? That was sarcasm. And really, not even subtle. Well he may be guilty of overstating his true feelings but its not quite sarcasm because Mabsark harped on competition for AM for weeks and weeks. And as of yet he has no concern about the competition labcoin faces. Labcoin isn't selling at 5 BTC per share! But what does this have to do with the existing competition Labcoin faces? If you are correct and AM price fell due to future competition, why are you not concerned about Labcoin's immediate competition? My complaint with AM was that its share price was too high due to it having a monopoly and that competition would bring it down to reasonable levels. How could that possibly apply to Labcoin? Labcoin's share price is extremely undervalued and competition will exist from day 1. This isn't rocket science and should be incredibly simple to understand. |
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What's so hilarious to me, is that I've been saying that AM price would drop to 2.x due to competition for months now and Vela and his buds from the AM spec thread called me a troll, delusional and that the price would soon hit 10 BTC.
Vela's predictions are based on hopes and wishes.
No. I simply stated that Labcoin's 2nd gen ASIC will not be that long behind AM's. Do you not understand English?
AM's 2nd gen chips will be out later than KnC's 28nm ASICs. AM is therefore clearly doomed to failure!!!!!
AM is doomed by future competition? And how is Labcoin immune to competition that already exists? Who is hoping and wishing now? That was sarcasm. And really, not even subtle. Well he may be guilty of overstating his true feelings but its not quite sarcasm because Mabsark harped on competition for AM for weeks and weeks. And as of yet he has no concern about the competition labcoin faces. Labcoin isn't selling at 5 BTC per share! |
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has any "real" thing released ?
New Website?
New Chip?
any explanation?
or only new excuse ?
we still got nothing Since IPO to now
Sure, We have "Photoshop Image" , "A lot Excuse", and no more
Excuses for what exactly? Sticking to their timetable? |
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What's so hilarious to me, is that I've been saying that AM price would drop to 2.x due to competition for months now and Vela and his buds from the AM spec thread called me a troll, delusional and that the price would soon hit 10 BTC.
Vela's predictions are based on hopes and wishes.
No. I simply stated that Labcoin's 2nd gen ASIC will not be that long behind AM's. Do you not understand English?
AM's 2nd gen chips will be out later than KnC's 28nm ASICs. AM is therefore clearly doomed to failure!!!!!
AM is doomed by future competition? And how is Labcoin immune to competition that already exists? Who is hoping and wishing now?  |
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Like I said, Labcoin already have their funding, so it make no difference who the market favours at this point. Labcoin's success is not dependant upon the market, it' the other way around.
it makes a difference to the investors. LC can eventually succeed, even after a lot of stumbles, but if their stock price goes to shit, then it really doesn't matter if they succeed or not for people who are investing. Did you miss or just ignore the part where I said that if the price crashed, it would shoot up as soon hashing power came online?
I ignored your speculation, cause a recovery depends a lot more on just you saying it will happen. The stock price going to shit would make no difference at the moment to investors. Once Labcoin is fully up and running, then it will matter if the stock price goes to shit. As an investor, I will start to care about the share price in October when the ~50 TH/s comes online. As for you ignoring my "speculation", why comment on a scenario then ignore the actual point of that scenario? That just doesn't make any sense. |
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I mean, look at the history for the 2 for the past 24 hours. LC news was delayed a bit, and the share crashed. Twice. Meanwhile, AM updates prices, and btc starts flowing in to their share price. Where do you think that new AM coin is coming from?
Who cares? The market cares. There are only so many btc to go around. If one security is gaining at the expense of the other, then clearly, the market favors the first. Like I said, Labcoin already have their funding, so it make no difference who the market favours at this point. Labcoin's success is not dependant upon the market, it' the other way around. Now, I'm not saying that AM can't drop more, but saying that LC is the better pick right now is ridiculous. LC has bigger profit potential and substantially higher risk, and the market knows it (look at LC chart for the last 24 hours).
That's exactly why Labcoin is the better investment. So higher risk = better investment? Greater potential for profit with slightly higher risk is what makes it the better investment. It takes just one delay to crash LC beyond recovery. AM has more room for error.
Nonsense. Labcoin already has the funding it requires. The current price of shares is irrelevant to its success. If the price crashed to 0.00001 right now, it would shoot straight back up as soon as Labcoin brought hashing power online. Not necessarily. If they fail to meet deadlines and have extended delays, they will certainly fall behind the competition, and their chances of success decline substantially. LC has little room for error and a small window to hit success. A few stumbles and/or competition rises: they will fall behind. Just because they have the money does not guarantee success. Now, they have to actually deliver. Did you miss or just ignore the part where I said that if the price crashed, it would shoot up as soon hashing power came online? |
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I didn't say they would be as successful, I said it was certainly a possibility. Labcoin are also working on their 2nd gen ASIC, which won't be that long behind AM's.
Yeah, and they don't even have their 1st gen operational, yet. That's what you are betting on, that they won't be too far behind everyone else? Yikes No. I simply stated that Labcoin's 2nd gen ASIC will not be that long behind AM's. Do you not understand English? AM's 2nd gen chips will be out later than KnC's 28nm ASICs. AM is therefore clearly doomed to failure!!!!! |
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You'd have to be silly to pick AM over Labcoin at the moment.
That's silly. Weren't you saying that when the news hit, we'd see over .004 for LC, too? And what happened? I mean, look at the history for the 2 for the past 24 hours. LC news was delayed a bit, and the share crashed. Twice. Meanwhile, AM updates prices, and btc starts flowing in to their share price. Where do you think that new AM coin is coming from? Now, I'm not saying that AM can't drop more, but saying that LC is the better pick right now is ridiculous. LC has bigger profit potential and substantially higher risk, and the market knows it (look at LC chart for the last 24 hours). It takes just one delay to crash LC beyond recovery. AM has more room for error. I think people here understand that LC is the challenger. BTW what did you say when AM crashed from 3.6 to 2.7 in less than 24 hours ? What's so hilarious to me, is that I've been saying that AM price would drop to 2.x due to competition for months now and Vela and his buds from the AM spec thread called me a troll, delusional and that the price would soon hit 10 BTC. Vela's predictions are based on hopes and wishes. |
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Yes, a share price of 0.1 BTC would require it to be as successful as AM, which is certainly a possibility.
highly unlikely. Their mid-term goal is less than what AM is hashing with right now. As soon as LC gets their 50 TH/s online, AM will be unveiling Gen2 hardware. Tell me again how they will be as successful as the company with a one year lead? I didn't say they would be as successful, I said it was certainly a possibility. Labcoin are also working on their 2nd gen ASIC, which won't be that long behind AM's. |
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You'd have to be silly to pick AM over Labcoin at the moment.
That's silly. Weren't you saying that when the news hit, we'd see over .004 for LC, too? And what happened? Have I? Where? As far as I can remember, I've been saying that share price would increase when hashing power came online. I mean, look at the history for the 2 for the past 24 hours. LC news was delayed a bit, and the share crashed. Twice. Meanwhile, AM updates prices, and btc starts flowing in to their share price. Where do you think that new AM coin is coming from?
Who cares? Now, I'm not saying that AM can't drop more, but saying that LC is the better pick right now is ridiculous. LC has bigger profit potential and substantially higher risk, and the market knows it (look at LC chart for the last 24 hours).
That's exactly why Labcoin is the better investment. It takes just one delay to crash LC beyond recovery. AM has more room for error.
Nonsense. Labcoin already has the funding it requires. The current price of shares is irrelevant to its success. If the price crashed to 0.00001 right now, it would shoot straight back up as soon as Labcoin brought hashing power online. |
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so, 1/2 of the hash rate promised to arrive in 2 weeks? Where have I heard that before? But seriously, I expected a bigger bump with the news. I think AM's news and the flash crash hurt Labcoin. While it may still inch up over the next 2 weeks, I don't expect to see giant leaps, especially with AM coming back into the market, basically undercutting everyone. The demand looks weak on both securities right now. People are probably waiting to see what happens with AM's dividend today. If it's low, LC might get a boost. Labcoin offers far greater potential for profit. AM will not see a 2x increase in share price. Unless labcoin is a scam, it's pretty much certain to hit 0.01 and I wouldn't rule out 0.1 BTC by the end of the year. Also, if Labcoin was a scam, they've already passed up on the most profitable opportunity to run with the money. You'd have to be silly to pick AM over Labcoin at the moment. .1 BTC would require success rivaling AM, which is a joke. AM is going to be selling a new batch of blades at a price that undercuts anything else available right now; LC won't even provide a picture of their "chips" which appear to be hashing 50-60% predicted rate at best (3-4 TH when 6 was promised from this batch). Silly.. Yes, a share price of 0.1 BTC would require it to be as successful as AM, which is certainly a possibility. |
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so, 1/2 of the hash rate promised to arrive in 2 weeks? Where have I heard that before? But seriously, I expected a bigger bump with the news. I think AM's news and the flash crash hurt Labcoin. While it may still inch up over the next 2 weeks, I don't expect to see giant leaps, especially with AM coming back into the market, basically undercutting everyone. The demand looks weak on both securities right now. People are probably waiting to see what happens with AM's dividend today. If it's low, LC might get a boost. Labcoin offers far greater potential for profit. AM will not see a 2x increase in share price. Unless labcoin is a scam, it's pretty much certain to hit 0.01 and I wouldn't rule out 0.1 BTC by the end of the year. Also, if Labcoin was a scam, they've already passed up on the most profitable opportunity to run with the money. You'd have to be silly to pick AM over Labcoin at the moment. Not if you're making a choice for the next several days. Especially for the next few days. Labcoin will be paying dividends within 14 days and it's share price will be at least 0.01 BTC. AM will not go above 5 BTC/share within those next 14 days. Labcoin will triple in price, AM won't even double. |
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so, 1/2 of the hash rate promised to arrive in 2 weeks? Where have I heard that before? But seriously, I expected a bigger bump with the news. I think AM's news and the flash crash hurt Labcoin. While it may still inch up over the next 2 weeks, I don't expect to see giant leaps, especially with AM coming back into the market, basically undercutting everyone. The demand looks weak on both securities right now. People are probably waiting to see what happens with AM's dividend today. If it's low, LC might get a boost. Labcoin offers far greater potential for profit. AM will not see a 2x increase in share price. Unless labcoin is a scam, it's pretty much certain to hit 0.01 and I wouldn't rule out 0.1 BTC by the end of the year. Also, if Labcoin was a scam, they've already passed up on the most profitable opportunity to run with the money. You'd have to be silly to pick AM over Labcoin at the moment. |
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For crying out loud, this is basic maths!
AM has 400,000 shares
Labcoin has 10,000,000 shares
10,000,000 / 400,000 = 25
By multiplying the number of AM shares by 25, we get 10,000,000. Accordingly, we must also divide the share price by 25 as well into to keep the value of AM the same. So, 400,000 AM shares at 2.5 BTC/share is equivalent to 10,000,000 AM shares at 0.1.
So, if Labcoin is as successful as AM and AM is worth 2.5 BTC per share, then Labcoin is worth 0.1 BTC per share.
Who said anything else? But we're not as big as AM, so that calculation doesn't make any sense now. According to that logic, Laboin shares should have zero value. With equal success to AM, Labcoin would be 25x less than AM. If Labcoin was only 1/10th as successful as AM it would be worth 250x less than AM. Makes perfect sense to me. |
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For crying out loud, this is basic maths!
AM has 400,000 shares
Labcoin has 10,000,000 shares
10,000,000 / 400,000 = 25
By multiplying the number of AM shares by 25, we get 10,000,000. Accordingly, we must also divide the share price by 25 as well to keep the value of AM the same. So, 400,000 AM shares at 2.5 BTC/share is equivalent to 10,000,000 AM shares at 0.1.
So, if Labcoin is as successful as AM and AM is worth 2.5 BTC per share, then Labcoin is worth 0.1 BTC per share.
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I bring this up, though I know it's pointless:
Can someone point out where I continually said we would definitely ship in two weeks over and over? I'd like to see evidence of this. I know the "two weeks" mantra is the rallying cry, but once again, reality and the beliefs of the anti-BFL trolls are two entirely different things. No sense in arguing about it, as it's immaterial, but I thought I'd just throw that fuel on to the fire... but yeah, another lie from Viceroy et al. They are just parrots repeating what they heard, as personal research, truth and honesty are something they know very little about.
On another note, I love how anyone who is not critical of BFL is automatically me posting as a sock puppet. It's totally awesome. Much like poor Bryan Micon the scam artists "BFL has downvoting bots on reddit!" whine, do you idiots honestly think I care about your pathetic ramblings enough to spend more than a few minutes a day reading and responding to the blatant stupidity, willful ignorance and outright lies that you perpetrate on a daily basis? The sheer volume of your stupidity would overwhelm ten of me, much less a single me, which is why I stopped caring about you idiots a long time ago. I do enjoy watching your mindless ramblings, though. It's a fair bit of entertainment... especially when you get the echo chamber of K9, PL, PG, Bick and Viceroy going in full swing and you are all just responding to each other over and over. I think the best so far was just over a full page of you nutbags going at it without a single other person chiming in. I'd love to get you all in the same room and see what happens, it would be like watching a bowl full of retarded kittens try to figure out what yarn is for. Except the collective intelligence of the kittens would be about sixty points higher.
To be fair, when I placed my order in April you were saying it would ship in about 1-2 months. I've waited patiently like others and even defended BFL against trolls claiming that BFL hasn't shipped anything. But now the end of August is approaching and that was always my cut-off point. You failed to provide what you said you would and I would like a refund. Now though, you say you don't do refunds, despite that being completely illegal. You're legally obligated to provide me with a refund up until 7 days after I receive the item, which I can return for any reason whatsoever. So, I bought a miner from BFL based on your claims that it would ship within 2 months and that I could get a refund if I wanted one. You've failed to live up to your end of the bargain on both counts. I'll be contacting PayPal tomorrow to get the ball rolling due to you illegally refusing my refund request. |
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Expect a bunch of financial geniuses to try to give their shares away just under .003
In 5...4...3...
What kind of financial genius would sell off their shares right before these chips are out? You would have to be mentally insane. Why do you care? Are they upsetting your pump and dump plans? |
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great spot   and it begins.. buckle up guys LabCoin Labstick?? Fake? you can ask TheSwede75, I do not see why he will post fake information Or, people could just visit the actual site in question and see that it is indeed fake. |
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