[ANN] labcoin ASIC - v.1 @130nm/300Mhz -16 cores chip - European / Chinese Team

[dan99]

Great to know that Labcoin keep stocks and only will sell when they are stocks. Order today next day deliver.

[Felipeo]

...he is a very respected investigator, a golden treasure in this forum.

with no doubts

[auto2nr1]

When can we get more detailed information in regards to an IPO on the mining farm?

[eve]

really wish they have a more attentive PR guy? like this one is sleeping or has a full time Job that work from 7am to 12 midnight and no time for this forum stuff or they don't need our support? no updates, no newsletter, no reply to messages " what is going on "?

[superduh]

labcoin, please post more updates. too many of the pages are filled with wasted arguments and nothing of substance.
i for one am interested in your updates.

[merv77]

got an email from Labcoin:

Code:

Hi there,

Many apologizes for the delayed reply, but most of our resources are focused on final phases of our IC design.
You are automatically added to our internal newsletter and will get a reply about your detailed question soon.

Thank you very much
Labcoin Team

[tinoki]

got an email from Labcoin:

Code:

Hi there,

Many apologizes for the delayed reply, but most of our resources are focused on final phases of our IC design.
You are automatically added to our internal newsletter and will get a reply about your detailed question soon.

Thank you very much
Labcoin Team

That is an Auto Reply Template, nothing much. Worry how good is their Support??

[Cryptoin]

Interested to see if this actually pans out to something.  At least the website seems legit 

[tinoki]

with the price of bitcoin at $88, they need to price their hardware at less than $12 per 1GH/S or else who is going to buy from them?

[labcoin]

Sorry, but i don't have much time for the forums yet. A mailing list has been built and will be added to the site tomorrow, contextually with an update.

I have just finished a conference call with the Chinese team, we are shifting strategy from our initial plans, in light of the latest ASICMINER news.

Expect a very important update tomorrow.


Labcoin Team

[tinoki]

Sorry, but i don't have much time for the forums yet. A mailing list has been built and will be added to the site tomorrow, contextually with an update.

I have just finished a conference call with the Chinese team, we are shifting strategy from our initial plans, in light of the latest ASICMINER news.

Expect a very important update tomorrow.


Labcoin Team

What news would be that? Let me guess, move out from China, stop selling shares or ??

Getting interesting though..

We have to admit your customer service is slow I meant your reply to our questions and concerns. If you have a full time Job working 16 hours a day that we will understand, but if you are not a technical person why can't you show up or reply once a day?? Europeans serve their customers very well compares to those from the East, I am sure you are from the Western World.

[labcoin]

Sorry, but i don't have much time for the forums yet. A mailing list has been built and will be added to the site tomorrow, contextually with an update.

I have just finished a conference call with the Chinese team, we are shifting strategy from our initial plans, in light of the latest ASICMINER news.

Expect a very important update tomorrow.


Labcoin Team

What news would be that? Let me guess, move out from China, stop selling shares or ??

Getting interesting though..

We have to admit your customer service is slow I meant your reply to our questions and concerns. If you have a full time Job working 16 hours a day that we will understand, but if you are not a technical person why can't you show up or reply once a day?? Europeans serve their customers very well compares to those from the East, I am sure you are from the Western World.

You will learn the news tomorrow, it's really late and i'm heading to sleep right now. I work 'round the clock to keep up with all the time differences between the teams... I understand your points about customer service, but this is not customer service right now. I'm merely posting updates about the project. Stay tuned for tomorrow update. Thanks for your intervention.

[dan99]

Ok have a good night, 4 to 5 hours of sleeping time is more than enough. By the way you don't have to sleep that early , we are up till  3am or 4am everyday before we call it a day. Anyway  Wait for your good news?

[tinoki]

Great and Awesome News, Now it is 12$+ per GH/s and could go down to 10$ per GH/S soon. Cheers to more reasonable pricing.

[auto2nr1]

Great and Awesome News, Now it is 12$+ per GH/s and could go down to 10$ per GH/S soon. Cheers to more reasonable pricing.

Where did you see this news?

[Cryptoin]

Great and Awesome News, Now it is 12$+ per GH/s and could go down to 10$ per GH/S soon. Cheers to more reasonable pricing.

Where did you see this news?

+1

[labcoin]

As promised, here is an important update about our progress, and some changes to our initial plan.

First thing to say, while the team in China was developing the first 180nm iteration, it was simultaneously exploring a 65nm IC design as well.

Few days ago, the team was carrying on with the final preparation steps to put our 180nm design out  for final tape-out with UMC fab.

Briefly after hearing about the latest news regarding ASICMINER new deployment of 800-1000 TH within the year, the management decided on a strategy shift.

We stopped at last minute the tape-out of 180nm first iteration test-run, and further development stopped as well.  

The Chinese team is now optimizing the initial 65nm design to work at 433Mhz, with over-clocking possible;
we expect to release final estimated hash rate and more precise estimations about power consumption data for this IC in 24 hours.

If all the post-simulations are positive, this IC design will go on tape-out, without test runs but with minimized risks, in a few days;  TSMC has a 65nm CLN65/CMN65 on schedule for 8 and 22 July.
Should we miss the 8 July shuttle we will go for the 22 July one. After about 50 days the deployment will start.

This IC could be used for a high-powered USB mining device, as preliminar tests shown power consumption is in the range of 0.7~0.9W

The version 2, which the European team is working on, is progressing as well; We got the whole I/O IC interface HDL code ready and it will be adapted and used for the new version 1 interface as well; The version 2 will still be a 65nm IC design with an expected higher hashing rate, in the range of 4~5 GH/sec, and lower power consumption but real progress is expected in September/October.

We need to take another decision now, since ASICMINER dominance is getting worse day by day, we are at a turning point, we have enough funds to finance a initial batch of 10.000 version 1  IC at an approximate cost of 700,000 CNY, or about 88,000 USD. This would output about 4.5 TH of power. Accounting (estimating) for a tripled or quadrupled mining difficulty during our deployment phase, we estimated that our initial investment could be recovered in about 1~1.5 months.

The other choice is opening a public IPO and going for a larger run of IC, 100.000~200.000 and mantain our previously announced marketing strategy. We want to hear the community opinion about this.


The Labcoin Team

EDIT : Photos of the new 65nm IC design with on chip PLL will be published as soon as they are ready.  Typos.

[cchan]

I have to say I like IPO.

[adi]

I have to say I like IPO.

+1

[labcoin]

I have to say I like IPO.

Can you be more specific ? there are various sites for doing the IPO, but we are more prone to a "private IPO" approach, if we should choose this way.
In addition, we would like to keep all the proceedings from the IPO on escrow, until we have a contract signed with the fab for the final tape-out.
We would be talking about a quite large sum of money.

Thanks for your feedback.