FYI, chinese companies have averaged negative returns for foreign investors over the last 20+ years
yes, this means exactly that. on average foreign investors have lost money investing into chinese companies (after ipos)

as to who is better labcoin or btcgarden - who KNOWS-  noone at the moment. btc garden values itself 6x more than labcoin and the question is are the chances of them delivering and being a better company 6x higher?

Burnside - you should get CONFIRMATIONS from foundries saying that they have contracts or are manufacturing for said companies to confirm at least some legitimacy from mining companies

back to the regular programing

Update:

an video of our FPGA  prototype :  http://www.btcgarden.com/videos.jsp  

We had finished this in May although the video was just made 2 hours ago by our engineers at Xi`An

BTW : YOUTUBE is blocked in mainland china for a long long time,so all chinese shareholders please wait for a youku version later at btcman ,sry

Here s a pic of it




some pictures of our deploment methods have been uploaded to http://www.btcgarden.com/deployment.jsp

We dont want to give out the chinese-writing part because it maybe useful to our potential opponents.

BTW: this method is based on water-cooling ,which is expensive , we also have a blower method as cheap as ASICMINER`s, we will try both of them at beginning to see which one is better.

Infos of our 1st-batch with 12+300（Engineering Sample &Mass Production） wafers: 312 wafers * 2000chips/wafer*400MH/chip = 249TH/s ,any overclock will let the estimate even higher. The contract
will not be shown out because so many infos included, which are not proper to show out and make no sense if we hide them all.



I ll reply other questions later ,too busy to do it now.

Looks like someone had buyers remorse, selling under IPO

5. At least currently, our stock is probably not that good for pure speculators.

Hi,

Im tempted to invest - but not pushing the button as yet due to the massive valuation. Can anyone justify it to me?

thanks

Due to the troubles from both english and functions of the platform, many chinese BTCers and members of btcman.com are still learning how to use btct.co at the moment.

I would like to emphasize the usage of the IPO funds again:

1. Second batch with a huge amount of wafers.
2. Deployment costs for at least several hundreds TH.
3. 2ed-gen chips, 80% odds to 40nm and 20% to 55nm.(BTW: again, 28nm is unrealistic due to the capacity of Fab and the cost )
4. We run this project as a long-term biz, so we need to reserve a part of funds with RMB (CNY,chinese legal money). We need to hold an amount of funds in order to meet probable demands or possible risks.
5. At least currently, our stock is probably not that good for pure speculators.

I'd say that's incredibly wishful thinking but we will see. It looks dead in the water to me.

Over 20% sold of the first tranche of 2 Million shares.

I expect it'll sell out over the next day or two.  It'll be interesting to see what price they release the 2nd 2Million shares at.
Anyone buying at higher than 0.016 will be taking a big risk that they release the next lot at only a tiny amount higher.

It seems strange to me that they haven't given some approximate indication of how much higher they might price the 2nd tranche... because without some idea, people won't be in any hurry to bid up prices.

I'm sincerely confused why all the hype is with labcoin and not BTCGarden. What part of "we're gonna deploy 200TH by the end of October and then 300TH more by the end of the year" do people not understand?

UPDATE:

There is an update coming shortly from Ethan Burnside. The situation as it is is very hard to solve fairly, and as BTCT.CO has never encountered a IPO where committed investments outweighs the amount of available shares Ethan is constructing a solution to the problem customized. The solution will mimic the behavior of regular IPO's and will be presented by Ethan himself here shortly!

Hello! I have indeed been ASLEEP! We have NOT released the shares for sale as we promised we would give the forum a set time for the IPO to keep it as far as possible. The shares will be released AT IPO PRICE 0.001  BTC in 12 HOURS. That is 8 PM CENTRAL TIME!

Sorry for any confusion, but I had no way of knowing the IPO would be apprived while I was sleeping (I am not always awake 24/7 on bitcointalk.org

There hasn't been anywhere else worth investing in for a while either. Friedcat has an excellent track record and I'm sure AM will continue to do well, it's just they've got some actual competition now.

It does seem that the shares are still fairly highly priced; in fact I'm expecting them to fall further. I don't think the company's best days are behind it, but the "taking candy from a baby" days probably are. The company still has its talent intact, and I expect enough cash to fund new product development cycles internally. I don't think Friedcat is surprised that there is now competition nor would he be panicking.