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UPDATE 16/09/2013 Hashrate protection These refunds will be given when the tested hashrate of the board is below 64 GH/s: - 100€ refund for each board
- 600€ refund for each 8 boards unit
BTW, who will test the boards for hashrate guarantee? Is the refund in cash, or store credit? Mind, if you've paid with BitPay, there's already around 10% conversion loss from BTC -> EUR. Have you bought one? I kinda had to make an order to get at least some money back from my canceled BitBurner XXs... Hmm, in another topic you claimed to have some info about another distributor that you couldn't disclose and now you made order from cryptx yourself? Starting to feel like those rumors by a couple users were just to prevent everyone from ordering from cryptx. |
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...and he's gone without answering again.  Sounds like cryptx = exclusivity. Unfortunate as the product and developer are worthy of patronage, but the chosen vendor is not. Dustbin of history...you have another entry it seems. Yeah, just a confirmation would be nice as some people have been hinting that there might be other options coming. |
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Would be nice to know will there be more distributors in addition to cryptx?
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Cryptx, can you add the option to order 8 board unit without the psu?
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Burnin is a busy guy with everything that's going on. What I will say is don't assume they'll be only 1 distributor and also keep in mind that Burnin does appreciate all the small miners and knows to look out for their best interests.
Burnin will post eventually in here,so Now seriously stop hitting the F5 Key.
Do you have some info on this or are you just guessing? |
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Cairnsmore4 firmware development and testing is still in progress and we won't announce prices, specs, or timescales etc. until we are actually ready to ship this product in a customer usable form. If are at the point of buying other Bitfury based kit I would carry on with your plans until we have a much more solid offer for customers.
Thanks Yohan! If the price is right I'll be definitely buying Enterpoint hardware too when it is available. |
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Yohan could you tell more about Cairnsmore4? Deadline for Bitburner Fury October 1st week shipment is today, I would rather order from Enterpoint if I could get some more information.
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Are they hashing at 2Thash/s with those boards and chips?
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They can't be serious with those pics.
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Hashing but no info to post. Labcoin no where to be found. I'm calling BS on this now.
Wow dropping so fast. Labcoin bagholder anyone?
Oh well I took my IPO profits. I really wanted to believe in Labcoin but they make it incredibly difficult. Good luck to the remaining shareholders.
Yep bids are getting pulled and I don't blame them. Most with a decent amount will be stuck soon.
here we go folks, leaving .003 soon. There are still some bids open though.
You might get lucky? The sell off continues.
My bids filled. I think there are some happy campers now.
This is just priceless. Be sure to read the last line. |
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To the people that liquidated their shares because this maybe a scam - can I ask how many shares were liquidated?
Around 30k by me. About 30 minutes after labcoins last update. It's funny that before you were one of the loudest supporters bashing claimed FUDsters. People should check your posting history on this topic. |
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In the end there is a lot more to consider apart from the costs itself. We have chosen to eliminate all manageable risks concerning delays in deployment. One of these risks concerns shipment and customs. We personally pick up our chips and do not let them out of our site until they are safely hashing in our datacenter. You will never make up for the delays you can encounter with shipping or customs. We can still reconsider when the time comes that electricity cost outweighs anything else.
We also like to have our mine close, so we can keep an eye on it. When a problem occurs we can intervene immediately without relying on a third party. We can easily and fast deploy, expand and monitor.
About the costs itself, there is a fixed cost and a variable cost. When we start the mine the fixed cost will be at the highest per GH and will only decrease when we expand. For example at 100 TH/s, we are nowhere near the 0.34$ mark.
Could you give some estimate about the management fees at 100Thash capacity? It's true that because of the fixed costs the fees will be higher on the average in smaller installations. |
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If we assume 1Ghash per watt then 20Thash and 5000usd a month would mean 0.34usd hosting fee per kilowatt. That is a really high fee for a data center hosting. For example 100Thash bitfury project has 5000usd hosting fee for 100Thash which is much more reasonable.
Can you explain how you got the 0.34 usd? 20kW per hour is 14600kW per month. 5000usd/14600kW is 0.34 usd per kW edit: of course not all the fees are only electricity costs but I used 1ghash per watt in my calculations when in reality bitfury chips use much less than that. 0.34 usd per kW for hosting is really expensive when you can even run the equipment much cheaper in average household. |
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UPDATE 09/09/2013
CRYPTX BUYS DATACENTER
CryptX is pleased to announce the purchase of its own datacenter.
The datacenter has an initial power capacity to host 300 TH/s of Bitcoin mining equipment. The capacity can be expanded if necessary. The electricity costs can be kept at a minimum due to our on-site solar plant of 350,000 Watt. The first deployment of 20 TH/s at the end of September has a monthly total cost, including electricity, maintenance and hosting, of maximum 5,000$.
The purchase of the datacenter is the second milestone in the development of the PETA-MINE. This enables CryptX to run the mine very cost efficient.
If we assume 1Ghash per watt then 20Thash and 5000usd a month would mean 0.34usd hosting fee per kilowatt. That is a really high fee for a data center hosting. For example 100Thash bitfury project has 5000usd hosting fee for 100Thash which is much more reasonable. |
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What is the reason for investing in Cointerra chips at this point if you can deploy Bitfury equipment in late September? Under $15 per Ghash in late September is more profitable than Cointerras $6/Ghash in early December. Also Bitfury chips have been proven to work already.
Wouldn't it be a better option to only deploy Bitfury equipment first, evaluate the situation later and use the reinvestment part to acquire more hashing power? I'm interested in this stock but would like to hear from the management the reasoning behind their choice to invest in Cointerra chips already at this stage.
You're seriously asking a 40 post account for details of what they'll do if you send them a few million USD? I can think of worse things to do with thousands of BTC (flushing them down the toilet, burning them, investing them with usagi) but none are MUCH worse - and likely investing with usagi is better as from past results you'd get 10-15% back after a year. Seriously, if someone hasn't got a track record and hasn't got (provably) a load of cash then just ignore them (shockingly there's a reason why people without cash lack cash - and it doesn't make them good investments). When you look at potential investments you absolutely MUST look for reasons NOT to invest - not look for excuses to throw your cash away. These guys haven't even worked out how BTC-TC works yet - and are selling under a contract (which only exists in forum posts that they can edit) that isn't even the one listed on the exchange. And you're seriously asking for clarification on details of a theoretical contract in an irrelevant forum post? Just destroy your coins and jump off a cliff - it'll achieve the same result faster without spamming the forum while you work out just how fucking stupid you are. What is wrong with asking questions? I haven't invested anything in this yet. The issuer are saying that they are angel investors on Cointerra so they are not just anyone on the forum. Also what the fuck forum post count has to do with credibility? Nothing wrong with asking questions - other than when there's already evidence to suggest that no matter what the answers are you shouldn't touch it. Amending contracts mid-IPO is one such piece of evidence - once that happens asking more questions is just a waste of time as there's no sensible scenario in which an investment could make sense. It's like asking a convicted paedophile what they believe the age of consent should be. They may have a valid opinion but you don't need to hear it to decide not to hire them to babysit your kids. I agree they should have planned the IPO better but the changes have been made to actually benefit shareholders. Instead of deploying 20% more hashing power in December they decided to deploy it in late September. Also you can't be 100% sure that this is a scam. |
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What is the reason for investing in Cointerra chips at this point if you can deploy Bitfury equipment in late September? Under $15 per Ghash in late September is more profitable than Cointerras $6/Ghash in early December. Also Bitfury chips have been proven to work already.
Wouldn't it be a better option to only deploy Bitfury equipment first, evaluate the situation later and use the reinvestment part to acquire more hashing power? I'm interested in this stock but would like to hear from the management the reasoning behind their choice to invest in Cointerra chips already at this stage.
You're seriously asking a 40 post account for details of what they'll do if you send them a few million USD? I can think of worse things to do with thousands of BTC (flushing them down the toilet, burning them, investing them with usagi) but none are MUCH worse - and likely investing with usagi is better as from past results you'd get 10-15% back after a year. Seriously, if someone hasn't got a track record and hasn't got (provably) a load of cash then just ignore them (shockingly there's a reason why people without cash lack cash - and it doesn't make them good investments). When you look at potential investments you absolutely MUST look for reasons NOT to invest - not look for excuses to throw your cash away. These guys haven't even worked out how BTC-TC works yet - and are selling under a contract (which only exists in forum posts that they can edit) that isn't even the one listed on the exchange. And you're seriously asking for clarification on details of a theoretical contract in an irrelevant forum post? Just destroy your coins and jump off a cliff - it'll achieve the same result faster without spamming the forum while you work out just how fucking stupid you are. What is wrong with asking questions? I haven't invested anything in this yet. The issuer are saying that they are angel investors on Cointerra so they are not just anyone on the forum. Also what the fuck forum post count has to do with credibility? |
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What is the reason for investing in Cointerra chips at this point if you can deploy Bitfury equipment in late September? Under $15 per Ghash in late September is more profitable than Cointerras $6/Ghash in early December. Also Bitfury chips have been proven to work already.
Wouldn't it be a better option to only deploy Bitfury equipment first, and use the reinvestment part later to acquire more hashing power? I'm interested in this stock but would like to hear from the management the reasoning behind their choice to invest in Cointerra chips already at this stage.
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Really good research those TSMC documents do look fake. Decided to sell all my shares too and I'm not getting back in until there is some good explanation.
Sorry to hear you fell for the bullshit. Prepare for sellers remorse. I just don't like to gamble. Those pics are from the labcoin website and you are saying that is bullshit? I have no problem to buy back in if there is some reasonable explanation for those documents. |
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Where do you see missing activity? https://bitcointalk.org/index.php?action=profile;u=90389;sa=showPostsBy the way nice to see... some days ago i searched some securities that have the ability to become Asicminer 2 and labcoin was in my view. Then i saw about the news and the pricerush and emotionally jumped in. Of course i bought high with up to 0.0025BTC then and was angry on me later to act on emotions... now seeing the orderbook im not feeling so bad anymore...  missing activity is not from the spokeperson- as we've seen other teams have also employed members with a proven history to stay active on forums- look at activeminer, hashfast and so forth- everyone has there 'cheearleader/ pr rep / or shill , however you would like t word it, maybe they are promised a % of profits afterwards missing activity is from the share issuer- ... as far as i can see it is not an investment but a gamble based on rumours, trolls and market pumpers- not unlike activeminer. we've not received any credible info from which you can say- yes these guys will be deploying xx TH in next weeks although this info could easily be posted by management at this stage. TheSweed works for the company, and he's posted about expected TH/s over the next few weeks and the next month or so. Certainly there are some trolls posting B.S. in the forum, mostly to try to discredit the stock among people who can't read English very well, by re-posting debunked photoshop jobs. So far they've been unable to produce a... bubble pop Where the photoshop thing has been debunked? I would be interested in that information. |
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OK, I sold it all earlier, for now, but I want to invest again, when everything becomes real. and Some people say that is fake picture, but what can I say, they are all found on the Internet it's a lot bug on the picture, it's not make sense BTW my English is poor , because English not my mother language , so i will not sorry for that. And i come from Taiwan, Not some third world countries everything what I do, is trying to find answer, I want buy some cheap share, but not in this way. I just want to have some real proof to support my investment so,that's the last post, I will not post anymore until got something real I hope u guys understand. nick May i ask some questions? because i trying to get more information from labcoin ,and now I have a little uncertainty 1 Why TSMC Logo deformed, and the TSMC Logo is a very old version, there are red lines should not orange, i don't think they use the deformed Logo especially for the professional company like TSMC 2.TSMC is a Taiwanese company, but why from "3.jpeg" seems all language used from China. 3 Why product code in "2.JPG" seems LBC1301/02, but LBCX1301/02 in "3.JPG" 4 Until now, the published information, has not any proof like real pictures, videos, etc, everything is only talk and dream. and the only picture is the Cyclone FPGA, Also, I have noticed beside a business card,from the URL on the card, I can find a Company specialized for the test equiment（maybe means nothing）. 5 That Customer Information form looks very unprofessional especially for the professional company like TSMC 6 that MPW form the mobile number I have call 4,5 times, but never answered, especially that mobile number is the contact number for the TSMC 7 and i find that in other post " http://trilema.com/2013/the-anatomy-of-a-scam/" BTW the 1,2,3.jpg i got it form here http://labcoin.com/img/ and here http://labcoin.com/docs/ so, thank you  Really good research those TSMC documents do look fake. Decided to sell all my shares too and I'm not getting back in until there is some good explanation. |
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