i was less lucky dammit; ********************************************** peep
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So all shares and stuff everything is lowered, we all loss mayor!
Great job!
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What will happen to the shares and all?
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A response to ROI: I already got my ROI, kthx.
I'm holding and will check this thread weekly. Good luck day traders.
i Should do that also weekly, but this thread / IPO is some how better than heroine...
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Clearly whats happening here for the people who arent dumb. Burnside trying to FUD his competition, Labcoin is the only company so far hashing, and will surpass Asicminer, if they dont run into any problems.
Labcoin needs to have a contingency plan incase burnside desides to fuck them over.
Well im labcoin fanboy but i do think burnside is honest and standup guy; he will handle this on a mature level. A mature stand up guy would remove the warning when the issuer has contacted them trying to resolve it in good faith, or put a message issuer im contact with us trying to resolve issue. Yet companies like peta mine who have broken their contracts completely, naaaah no warning because im burnside who clearly cares about scams. Wish i could defend/attack that; but i have no idea what the conversation was between those guys..
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1) Chips are 130nm and not 180nm 2) Each chip yields 5GH/s 3) Therefore we need 10k chips for 50TH/s. Each one of their PCB fits 15 chips so we need just about 650 boards.
Doesn't sound impossible at all, sorry.
edited and corrected my post. I guess moving from 180nm to 130nm and increasing the hashrate by a factor 20x while sticking to pretty much the exact same time schedule was not worth putting on their website. Shit were going again through that labcoin has the worst PR every thing; we all know that; hahaha website is from dinosaur age, etc.. get over it
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Clearly whats happening here for the people who arent dumb. Burnside trying to FUD his competition, Labcoin is the only company so far hashing, and will surpass Asicminer, if they dont run into any problems.
Labcoin needs to have a contingency plan incase burnside desides to fuck them over.
Well im labcoin fanboy but i do think burnside is honest and standup guy; he will handle this on a mature level.
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It all boils down to whether this hash rate will increase in the next few days or not... someone could have bought Avalons bla bla bla, but would be extremely hard to do that all the way to 50TH/s...
Even using labcoins numbers, those 180nm chips supposedly produce ~250 MH/s. To reach 50TH They would need to produce 200 thousand chips in a test fab not meant for volume production, and 20000 PCBs, assemble them, test them, mount them, deploy them in a pretty darn huge datacenter, power them (300+ KW) and cool them. All that based on a unstable asic using a PCB design no one has seen (or if we did, one that magically works without copper layers or traces). The magnitude of that is greater than what BFL has produced and shipped to date! Yeah, thats gotta be a lot easier than deploying 100 of these: http://www.bitfurystrikesback.com/product/400gh-miner-october-2013/Not that he will reach 50TH. Is there an online bet on this somewhere? Yes were going for the 180nm fud? jezus read in, before yelling bullshit.. The 180nm is already history.. and that also counts for the specs with it.
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The chips aren't free. They still have to pay for the wafers. And the PCBs. And the soldering, and boxes to put them in, and so on. Those things aren't zero cost.
And when projecting dividents from mining you have to take the cost of power into consideration. Because we are not far from difficulty levels, where power consumtion becomes significant for 130nm technology So how do they play this than? "The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing." I assume costs will be done from that percentage..
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"That leaves you dependent on those 130nm chips of which we have seen no indication to my knowledge of power consumption or production cost, nor even a clear statement they are ones hashing right now, no compelling evidence they even exist and work."
IMHO: At this point (where hardware sales are not relevant) it does not matter what specs the 130nm chips have.. As long as they have them and deploy them.. In those amounts to reach the TH goals..
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As the dividends come in, the share price will increase until the dividend is ~ 30% APR.
I am not sure what you don't understand.
What is there not to understand? I'll explain it again for you: The 20-50TH won't be enough to get IPO back for investors, so it will take at least the 65nm chips to get there. Even if divs rise to a point where share price has to correct to keep 30% anual return, that will only be a short spike at best, since the diff increase will eat up "productivity" of the chips pretty quick. And the 30% is an arbitrary value based on Asicminer, which is a company with a good record and trust in the community. I doubt, that it can be applied to Labcoin. But as i always say, everyone should make his own decision for his investments. But i really advice you to get more information, since you don't seem to understand the connections. Feel free to ask if anything is unclear. Hmmz but their goal is not to get 50TH; its to get approx 10-15% or more of the network.. But is doesnt matter how they do that; with current chips or with the next gen chips.. When diff rises they just have to deploy more gen1 chips.. to get their goal. Or when the time is there the next gen chips..
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"Even with 20TH or 50TH they won't be able to pay dividents as high as IPO." ?
I dont get that.. So the dividend per share should be IPO price? If that happens.. We will be rich?
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22 labcoin 815.01 GH/s
Edit: Now 855. Looks like they're bringing more online.
Yes Yes
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Ill think ill do the same; this is getting out of hand..
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[12:09:42 AM] myself: Do you like cock? [12:11:39 AM] Anotheranonlol: Yes, can i blow you? [12:11:53 AM] myself: Sure blow me! Fuckface! You just skyped me
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[12:09:42 AM] myself: nobody else is known to the community [12:11:39 AM] TheSeven: they might come after you, I doubt they'll come after me [12:11:53 AM] myself: why wouldn't they? [12:12:05 AM] TheSeven: they didn't even after the BTCFPGA clusterfuck [12:12:12 AM] myself: true [12:12:21 AM] TheSeven: the thing is that I'm not making promises [12:12:25 AM] myself: BFL has managed to draw it out [12:12:38 AM] TheSeven: so there's not much to go after [12:12:53 AM] myself: it's not like you've promised anything [12:13:04 AM] myself: but the fact that your names attached [12:13:27 AM] myself: someone loses their cash they will try find anyone who they think is close [12:14:34 AM] TheSeven: I know what you mean, but I'm fairly sure that it won't do much harm to my reputation [12:14:54 AM] TheSeven: most people aren't that dumb, and I don't really care about those who are Serious; still trying to fuck this? Where are the timestamps/dates.. jezus your a real moron anotheranonLUL
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wow, what has happened? 15:25 (S) 3000 @ 0.00222800 LABCOIN 15:23 (S) 1067 @ 0.00205900 LABCOIN 15:23 (S) 2000 @ 0.00206000 LABCOIN 15:23 (S) 1000 @ 0.00206000 LABCOIN 15:23 (S) 691 @ 0.00206000 LABCOIN 15:23 (S) 248 @ 0.00209100 LABCOIN 15:23 (S) 50 @ 0.00209900 LABCOIN 15:23 (S) 1000 @ 0.00213900 LABCOIN 15:23 (S) 243 @ 0.00215000 LABCOIN 15:23 (S) 1 @ 0.00215100 LABCOIN 15:22 (S) 757 @ 0.00215000 LABCOIN 15:22 (S) 600 @ 0.00222200 LABCOIN 15:22 (S) 320 @ 0.00222400 LABCOIN 15:22 (S) 1 @ 0.00222500 LABCOIN 15:18 (B) 392 @ 0.00249800 LABCOIN 15:18 (S) 621 @ 0.00223300 LABCOIN 15:18 (S) 3000 @ 0.00223500 LABCOIN 15:18 (S) 240 @ 0.00224500 LABCOIN 15:18 (S) 655 @ 0.00228900 LABCOIN 15:17 (S) 4673 @ 0.00230000 LABCOIN 15:17 (S) 320 @ 0.00230200 LABCOIN 15:17 (S) 1 @ 0.00235500 LABCOIN Fud and unbelievers get out.. and maybe people who think this will be a spike again..
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I have to much bets open; i have labcoin shares Dont care about your ego.. a typical and unsurprising response from loudest barker Well you're the barker here! You ran out of ammo for the chips/boards/are we real/hashing stuff and now your focussing on the hardware sales.. be a man and admit next week; you were wrong..
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The day before Lehman Bros collapsed the CEO told investors in a conference call that the company was in no danger of insolvency. He knew exactly what was happening.
His defense was that if he had told investors the true state of the company that it would have immediately collapsed due to share selling.
You are correct and I agree 100%. The exchange does not know the facts behind the situation and made a public statement. Statements should be coming from LabCoin. -Ukyo 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: General shareholder contract and IPO information
Labcoin.com aims to raise 7.000 Bitcoin (BTC) through the issue of 7.000.000 shares in the IPO. The shares will be issued at a price of 0.001 BTC per share. The total amount of shares in labcoin.com will be 10.000.000 shares, with labcoin employees, representatives and owners will hold 30% of outstanding shares.
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 in short; its a locked shares issue?
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Why don't you haters put your money where your mouth is and buy some of the put options?
today will make new bet that labcoin do not have any working ASICS and will be unable to adequately provide proof or ship a single unit will we see same situation as before..again so called confident investors scared to put their money down hahahaha whats next anotheranonlul? you are one of biggest cheerleaders, however you're still scared to put your money where your mouth is on a bet.. because it is 100% chance of loss once you put it down, no chance to recover portion of money, unlike shares where you can offload them to bigger idiot I have to much bets open; i have labcoin shares Dont care about your ego..
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