[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[Zakryze]

ahahahaha whats a month in mining business? gotta love moving deadlines.

Lets make a movieannouncement: The walking Deadlines

Cast? Crapcoin, TheSwede, Mabsark and other fanboys

[limbaugh]

There goes your buying opportunity before the address and hash rate are posted. LOL at the dumbasses that dumped their shares just now.

[Bitcycle]

There goes your buying opportunity before the address and hash rate are posted. LOL at the dumbasses that dumped their shares just now.

I'm tempted to sell some.  Doubt will just grow overnight.

[Vigil]

We want to say thanks again to everyone who is supporting us, sincere thanks. Rewards will be huge.

To all the naysayers ( not meant to sound offensive ) :

We understand the feelings you are going through but at the same time we know most of the accusations thrown at us are foolish.
Please wait for results to take your decisions. We will show everyone this operation is very serious within about one month from now.
This is  a very friendly advice; tomorrow the mining address and hashing statistics will be posted for everyone to verify.

This has been a long and difficult endeavour,thanks again.

You guys could not be any worse at this...

Labcoin team just wants to continue to pick up their shares before they start payouts. They see this as their venture, they just needed some seed money through the IPO. Why let everyone else take what could be ALL theirs? Get people to sell off their shares until they have a large enough portion of them and then proceed with the mining where they get most of their dividends. 

[physalis]

Lets make a movieannouncement: The walking Deadlines

Cast? Crapcoin, TheSwede, Mabsark and other fanboys

 

[KCBitcoin]

Please wait for results to take your decisions. We will show everyone this operation is very serious within about one month from now.

tomorrow the mining address and hashing statistics will be posted for everyone to verify.

Tmr 2-4 TH/s & mining address. -> small portion of network hashrate-> not so serious.

One month later -> large portion of network hashrate -> serious operation.

I think thats what labcoin means.

[limbaugh]

Our wall of doom moved again.

[Vigil]

Please wait for results to take your decisions. We will show everyone this operation is very serious within about one month from now.

tomorrow the mining address and hashing statistics will be posted for everyone to verify.

Tmr 2-4 TH/s & mining address. -> small portion of network hashrate-> not so serious.

One month later -> large portion of network hashrate -> serious operation.

I think thats what labcoin means.

+ 500

[Ytterbium]

We want to say thanks again to everyone who is supporting us, sincere thanks. Rewards will be huge.

To all the naysayers ( not meant to sound offensive ) :

We understand the feelings you are going through but at the same time we know most of the accusations thrown at us are foolish.
Please wait for results to take your decisions. We will show everyone this operation is very serious within about one month from now.
This is  a very friendly advice; tomorrow the mining address and hashing statistics will be posted for everyone to verify.

This has been a long and difficult endeavour,thanks again.

Earlier:

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

So 'tomorrow' and 'less then 24' hours from 07:56:36 PM server time? i.e. UTC?

[Vigil]

Our wall of doom moved again.

It disappeared.

[AngelSky]

Please wait for results to take your decisions. We will show everyone this operation is very serious within about one month from now.

tomorrow the mining address and hashing statistics will be posted for everyone to verify.

Tmr 2-4 TH/s & mining address. -> small portion of network hashrate-> not so serious.

One month later -> large portion of network hashrate -> serious operation.

I think thats what labcoins means.

He knows that there is something tricky with this mining address and that everyone will have to wait ONE MONTH from now to have some kind of other evidence that they are hashing with their hardware (not avalon).

[Bitcycle]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

[BitThink]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

The reason could be someone haven't bought enough or sold enough.

[Ytterbium]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

[BitThink]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

Not likely. The Wednesday deadline was announced by labcoin himself when he could just keep silent. Why he was over optimistic after so many delay happened already. He could just say 'next week' than explicitly 'before Wednesday'.

[Zakryze]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

You mean bad luck as in their choice of who's doing the PR?

[Twilight_Sparkle]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

+1 they are in a bit of a jam. They can either post the address with zero blocks, or not post it at all and deal with the already low trust issues.  Sure, there using a stalling tactic to hopefully find a block.... but what are the odds of them finding a block within the next 20ish hours? Pritty low I am afraid  

[dhenson]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

Excuse me if this issue has been beaten to death already, I've most likely just missed it as I've been trying to read as little of this thread as possible.

What would be the negative to running a private pool?  Wouldn't that be secure and give us the ability to monitor hash rate live?  There wouldn't be a pool fee... I mean, if you are solo mining anyway, I'm just not seeing the negatives.

[Bitcycle]

Hmm.  I think it's going to drop some overnight as people get impatient (and they did change the deadline).

But the order book doesn't support playing a down wave.

So I'll sit here and watch it slide slowly downward.

[Ytterbium]

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Okay guys, that means 07:45:36 PM UTC (server time), tomorrow.

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

Not likely. The Wednesday deadline was announced by labcoin himself when he could just keep silent. Why he was over optimistic after so many delay happened already. He could just say 'next week' than explicitly 'before Wednesday'.

Technically speaking 07:46:36 PM UTC is still prior to Wednesday shifting off the globe and out of existence.  That will happen 10:59:59.9999..... UTC.  So he hasn't actually "shifted" his date, yet.


EDIT: Initially had the incorrect timestamp, it was 7:46, and I'd initially had it as 7:56.