really hope it's not a scam. have everyone's identities been verified by anyone? Swede- have you skyped or had visual confirmations of the team?
i'm still assuming NOT going to have many issues but just out of curiosity
In case anyone's actually worried about all of this, I did assist them in selling the Avalon unit referenced in the 'g0tavalon' Reddit thread in the PDF. I use 'twentyseventy' as my username at both sites. http://www.reddit.com/r/Bitcoin/comments/1frjon/looking_for_someone_with_an_ebay_seller_account/So, was the ID provided and did it match any of the people operating Labcoin? |
|
|
|
I still don't understand why you would invest $28,000 as early as you did. Why not wait a few days?
Perhaps you were trying to kick start a buying frenzy. Brave but not wise? I would advise taking the hit right now and selling for a lower price, although this would accelerate the demise of the stock. At least this would allow you precious time to reinvest into ActM and possibly buy back in before the impending good news.
Always be first to panic buy/sell. HashFast + Deadterra = frenzy, with or without me. I need some tech support from Vbs or Ken before getting back in ACTM. My brain's EECS well is almost dry. Quantum lithography? Sure, common knowledge. Iterative vs. rolled vs. unrolled cores? Ummm, ELI30 ploz....   Which is more faster? Which is ACTM using? Will our giant semi-premade cores have better heat dissipation from being more widely spaced? It always baffles me that people are willing to believe any old nonsense when they can quite easily check the facts for themselves. I tried to goad you into tripping yourself up, but you didn't respond to my post. According to the trade history on BitFunder, there hasn't been a purchase of 200,000 shares. |
|
|
|
Well, if you don't want this "scam" brushed under the rug, why don't you post the contents of the pdf here like I asked?
If you don't do this, then you're basically admitting that the file contains an exploit. just for you https://docs.google.com/file/d/0B7zur7xeBuaVRXFjOEFGTDkxNmM/edit?usp=sharingIf this thing was a whole scam then why didn't they run off with our 7k BTC and dissappear after the IPO?
Why would they go through the trouble of hosting a Q & A?
Why would TheSwede75 still be here posting?
read history of all other scams After reading the details of this supposed "scam", I feel sorry for your parents or legal guardian(s) for having to raise such a stupid fucking idiot. I guess you must have forgot to post the part which hints at some form of scam. |
|
|
|
Was it a scam when you were trying to buy shares in the IPO as well, or is it some form of new revelation you have had? I guess I am just curious. it's a scam all along, i was just blinded by greed; same story for you and any others who try and brush the bullshit under the rug Well, if you don't want this "scam" brushed under the rug, why don't you post the contents of the pdf here like I asked? If you don't do this, then you're basically admitting that the file contains an exploit. |
|
|
|
The scam being you trying to infect peoples computers? How about you post the text here instead. |
|
|
|
Just in case you don't know, ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.
No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?  No, AM are using 130nm, Avalon are the ones using 110nm. |
|
|
|
\The fact of the matter is, multiple groups are trying to get into the industrial mining game and are offering IPOs.
Most of them are trying to get money together from other people to order mining equipment. Of all the new companies, only ActM is assembling their own equipment and looking to design their own chips. BFL is a big, terrible joke. AsicMiner stock is slipping and who knows when and what they will produce next. Although those USB Eruptors are brilliant. They make mining available to everyone, even if the ROI is months. It at least gives more people a chance to experience mining and understand it. My hopes and expectations are that ActM will have its FastHash machine out by October. Who needs another IPO? Any money I might have spent on a mining IPO will instead be spent buying a Fast Hash 80 and perhaps another Fast Hash machine.
Just so you know, both Labcoin and BitGarden are also producing their own ASICs. |
|
|
|
Labcoin also has a 65nm chip in the works.
Yeah, but who knows what happens to the difficulty by January when one or all of Cointerra, HashFast and KnC have their chips available without pre-orders. Trying to plan more then 3mo ahead is a bad idea at this point, IMO. That's going to have the same effect on ICEDRILL though, only ICEDRILL don't have an improved ASIC using a smaller process in their plans. |
|
|
|
There's a new IPO out for 500Thash starting in November, using HashFast chips: https://bitfunder.com/asset/IceDrill.ASICYou guys think you'll be able to beat that  It looks like they're 50m shares, at an IPO price of 0.0014, so a 70k BTC IPO market price, compared to Labcoin's 10m shares, and estimated 36-50Thash. So, estimating $100/btc: IceDrill is $14/Ghash starting in November, not counting increases. Labcoin is $36/Ghash starting in September, a two month lead time, and not counting future increases and chip sales. From what I understand the second, large order of ~100k 130nm chips should take place at some point, and 3 months after that should run they should have (according their specs) 470Thash. If they place the order in September, it would mean about 520Thash online by November/DecemberThat brings Labcoin's $/Gh/s to about $3.50 0-1 months later then IceDrill's. Of course, you have to consider the difference between Labcoin and IceDrill/HashFast's ability to actually execute their plans. ____ Shares are down to .0014. Need some good news to give it a boost.
Their job is to design and produce the chip, not try to manage the share price. It doesn't matter for Labcoin where the shares go and at what price at this stage. They got their IPO money after all and that won't change if the shares go to the moon or into the ground.
In the long run, for potential future IPOs, a steady growth of the share price will be important, but right now the price is primarily based on speculation and not the performance of the company.
I meant the "labcoin community". But, actually, it does matter for Labcoin. Aren't the owners allowed to sell some portion of their shares? If they do decide to sell, they would want the highest price possible. It doesn't matter as far as the production and deployment of their chips is concerned, which is what's going to affect their share price in the long run. Trying to "manage" the share price shouldn't be their priority at this point in time. Actual execution is what's going to matter in the long run. I doubt much news other then "our chips are here and work" is going to have much of an impact on the share price anyway Labcoin also has a 65nm chip in the works. |
|
|
|
Can somebody explain to me the suggestion that a "28nm ASIC" is basically just a 28nm FPGA... I read the eASIC press release to mean they've simplified the process of designing ASIC's to a level on par (in simplicity terms) to coding an FPGA? In other words "We've got software which basically designs the ASIC for us, based on an algorithm" rather than "our 28nm asic's are actually fpga's"
Maybe I'm missing the point here, but a 28nm ASIC is an ASIC... There's absolutely no way anyone could get 16GH on an FPGA chip, or even a semi-FPGA chip (whatever that is). If we compare the "real 65nm ASIC" produced by BFL, at 4.5GH, with the apparently "not real 28nm ASIC" running at 16GH, by your suggestion the concept that a 28nm chip can hash at 16GH is impossible.
I'll freely admit I'm not an engineer, but I am a logical person, I code, and I understand the concepts and differences between FPGA's and ASIC's. What's being suggested simply doesn't compute.
Here's how I understand it. Fully custom ASICs provide better performance and efficiency. They're also more expensive to design, take longer and have higher NRE costs. |
|
|
|
The price goes up. The price goes down. The price goes up. The price goes down.
More IPOs for Mining Companies with big dreams show up.
The funds for those new, novel IPOs must come from somewhere, so maybe people are selling ActM to get into something else.
Why was there a recent drop from over .006 to .004x?
What do you think the price of ActM should be right now?
What new IPOs on BF and elsewhere look good?
I don't think there's anything else that looks good. All those >28nm chips will take a huge toll as the global network diff rises and they won't be able to compete due to their running power costs. In the 28nm die shrink all the new guys appearing want to grab all the profit for themselves as much as possible so they don't offer any investment options, just hardware for sale. Even most current 28nm designs look very sketchy. I can definitely understand ActM's ~16GH/s chip specs, but chips with 100GH/s? 400GH/s? Pulling one of those off requires a team with extreme 28nm knowledge and skill and I don't think anyone with both would choose to design a chip like that (they would need precise analog simulations, custom transistor design, etc, just to keep the signal interference inside those big chips at bay; much easier to design smaller and more efficient chips). KnC's 28nm ASIC is at a similar efficiency to BitFury's 55nm ASIC. There's more to it than simply the size of the process. These 28nm ASICs sacrifice performance and efficiency for faster design and manufacturing and lower NRE costs. You can't just claim one chip is better than another because it uses a smaller process. |
|
|
|
I'd expect it to be price competitive with hardware that it's time competitive with. I've said many times here that AM's pricing is due to them basically currently having a monopoly on off the shelf devices.
The point I was making is that it is expensive compared to upcoming devices. That's because they will be using those upcoming devices and simply adding a bit extra to the price to make a profit.
provided that they actually deliver on time... Your comment makes no sense. I'm saying AM will be price competitive with anyone who is actually shipping off the shelf. The reason AM's devices are overpriced is because they are basically the only company currently shipping off the shelf. I though that was pretty clear. I guess I should have quoted just your last line. You are saying Alydian is expensive compared to upcoming devices, but that statement is only true if upcoming devices actually deliver. If they don't deliver, then the point is moot. Basically, same ol' story people have been talking about for months. Promises are cheap, delivery costs more. The same is also true of Alydian. Why assume that they will deliver but nobody else will? |
|
|
|
I'd expect it to be price competitive with hardware that it's time competitive with. I've said many times here that AM's pricing is due to them basically currently having a monopoly on off the shelf devices.
The point I was making is that it is expensive compared to upcoming devices. That's because they will be using those upcoming devices and simply adding a bit extra to the price to make a profit.
provided that they actually deliver on time... Your comment makes no sense. I'm saying AM will be price competitive with anyone who is actually shipping off the shelf. The reason AM's devices are overpriced is because they are basically the only company currently shipping off the shelf. I though that was pretty clear. |
|
|
|
www.alydian.coAlydian’s turnkey Bitcoin mining solutions can be deployed in our datacenter or customer datacenters.
Included:
- One year of hosting
- All energy costs
- All maintenance costs
August Availability:
- 5TH/s: $350k
- 10TH/s: $650k
srsly 65K per TH? WTF! Isn't that kind of reasonable? My back of the envelope calculation is that it's ~5-10 times more cost efficient ($'s per hash per second) than a current USB ASICMiner block eruptor. AM devices have always been massively overpriced. Try doing the comparison with KnC Jupiters. KnC Jupiter 400 Gh/s 6,995 USD Available September 1 year hosting cost: 3,960 USD 27,387.5 USD per Th/s How many have they shipped? How much hashing power has Alydian brought online? |
|
|
|
No, but in the meantime if I hold I cannot take part in any profit potential with these funds. So, I "lost" them. One doesn't need to sell to have a negative position.
When the share price is at a low, the profit potential comes from buying shares, not selling them. In other words, you missed the boat this time. Obviously. But you need to free up your coins to make money rather than having them held hostage for weeks or months waiting for it to go up. Having them held hostage for a couple of months will almost certainly make 1000% profit from IPO prices. |
|
|
|
www.alydian.coAlydian’s turnkey Bitcoin mining solutions can be deployed in our datacenter or customer datacenters.
Included:
- One year of hosting
- All energy costs
- All maintenance costs
August Availability:
- 5TH/s: $350k
- 10TH/s: $650k
srsly 65K per TH? WTF! Isn't that kind of reasonable? My back of the envelope calculation is that it's ~5-10 times more cost efficient ($'s per hash per second) than a current USB ASICMiner block eruptor. AM devices have always been massively overpriced. Try doing the comparison with KnC Jupiters. KnC Jupiter 400 Gh/s 6,995 USD Available September 1 year hosting cost: 3,960 USD 27,387.5 USD per Th/s Wait to see the price of AM hardware in September then. Doesn't make sense to compare using different times. I'd expect it to be price competitive with hardware that it's time competitive with. I've said many times here that AM's pricing is due to them basically currently having a monopoly on off the shelf devices. The point I was making is that it is expensive compared to upcoming devices. That's because they will be using those upcoming devices and simply adding a bit extra to the price to make a profit. |
|
|
|
No, but in the meantime if I hold I cannot take part in any profit potential with these funds. So, I "lost" them. One doesn't need to sell to have a negative position.
When the share price is at a low, the profit potential comes from buying shares, not selling them. In other words, you missed the boat this time. |
|
|
|
www.alydian.coAlydian’s turnkey Bitcoin mining solutions can be deployed in our datacenter or customer datacenters.
Included:
- One year of hosting
- All energy costs
- All maintenance costs
August Availability:
- 5TH/s: $350k
- 10TH/s: $650k
srsly 65K per TH? WTF! Isn't that kind of reasonable? My back of the envelope calculation is that it's ~5-10 times more cost efficient ($'s per hash per second) than a current USB ASICMiner block eruptor. AM devices have always been massively overpriced. Try doing the comparison with KnC Jupiters. KnC Jupiter 400 Gh/s 6,995 USD Available September 1 year hosting cost: 3,960 USD 27,387.5 USD per Th/s |
|
|
|
I just lost almost BTC2 because of this. Damn.
Did somebody force you to sell your shares for lower than you purchased them for? I'm glad all these shares are getting dumped. Hopefully, they'll get bought up by people in it for the long game and not be put back up for sale. |
|
|
|
|
The contract say that chips will be delivered early November. How long do you think it will take to turn those chips into fully functional mining devices?
|
|
|
|
|
Show Posts
