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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1079883 times)
limbaugh
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September 18, 2013, 01:42:37 PM
 #10941


they already failed twice to provide what they promised (next update, before wednesday and now in 24 hour), why do you think it's different this time?



It won't be. Panic will ensue after this next press release. But until then the asks keep creeping upward.

I'm not saying Labcoin IS a scam, just that Labcoin is incapable of proving otherwise.
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AngelSky
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September 18, 2013, 01:43:34 PM
 #10942

A few hours before the show begins.
Zakryze
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September 18, 2013, 01:43:44 PM
 #10943

I dont think we are going to see anything else than another crash today.
At least not until the deadline has passed. Labcoin wont be able to sign an address as they failed be4 already. When you search for vanity addresses there is none of labcoin. They are just a bunch of losers that prolong their scam on and on and on...

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
AngelSky
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September 18, 2013, 01:45:51 PM
 #10944


drawingthesun
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September 18, 2013, 01:50:17 PM
 #10945

If they can't sign with the address, I will consider it as a fake.

This is true, however ask yourself honestly, if the address is posted and looks genuine at first glance will the stock will soar high? I think there is a small chance this could happen. Anyone calling for a signed transaction as proof will be labelled and ignored as a FUDster. (Most people here have ignored me because of my logic)
AngelSky
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September 18, 2013, 01:51:50 PM
 #10946

If they can't sign with the address, I will consider it as a fake.

This is true, however ask yourself honestly, if the address is posted and looks genuine at first glance will the stock will soar high? I think there is a small chance this could happen. Anyone calling for a signed transaction as proof will be labelled and ignored as a FUDster. (Most people here have ignored me because of my logic)

Unfortunately the address will look good and the price will go up -.-
limbaugh
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September 18, 2013, 01:53:34 PM
 #10947

If they can't sign with the address, I will consider it as a fake.

This is true, however ask yourself honestly, if the address is posted and looks genuine at first glance will the stock will soar high? I think there is a small chance this could happen. Anyone calling for a signed transaction as proof will be labelled and ignored as a FUDster. (Most people here have ignored me because of my logic)

When dealing with Labcoin throw logic out the window.
pedrog
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September 18, 2013, 01:57:44 PM
 #10948



Is she a developer?

AngelSky
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September 18, 2013, 02:03:08 PM
 #10949

Is she a developer?

Kind of  Grin
Zakryze
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September 18, 2013, 02:10:34 PM
 #10950


She breeds new projects after the staff gives her new input.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
hasher87
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September 18, 2013, 02:17:21 PM
 #10951


She breeds new projects after the staff gives her new input.


i love the way you put it Cheesy
Bitcycle
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September 18, 2013, 02:18:14 PM
 #10952




kokojie
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September 18, 2013, 02:19:49 PM
 #10953


I'd fork her repo

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
Luckybit
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September 18, 2013, 02:21:00 PM
 #10954

Even friedcat, who set the standards in Bitcoin mining, has recently experienced a few weeks delay on ASICMINER's new blades!
So I'm not surprised that Labcoin needed extra time to tweak everything. Despite everyone's best efforts unplanned issues can occur.

The short term share price fluctuations due to FUDsters trying to pump and dump does not concern me, as I'm in it for the long run. Only about 20% of public shares were traded during the recent "crisis".

This official update was posted only 4 days ago, and it has been buried with 135 pages of FUD!!!



UPDATE:

The Labcoin team is current tweaking boards and preparing for prodution
roll out of mining operation
. Public mining address/Pool name will
be released as soon as the mining operation reaches a stable hash rate.

We are aware a lot of people are waiting for a address or pool name
where they can follow the hash rate and this is a priority, however
Labcoin also does not want the same kind of 'hysteria' that surrounds
ASICMINER every time pool rate drops or increases.

Once the miners have been deemed '100%' and can reliably mine 24/7 hash
rate will be made public
and a new website will be launched where
shareholders can follow the growth in hash rate.

The 130 nm Chips run at approx 1.8 GH/s and the boards are still being
tweaked and tested so that once full production roll out starts
(approx 1-2 weeks)
they will mine reliably 24/7

Labcoin has already ordered and will take delivery of OVER 100,000 chips
with accompanying boards and controllers for miner production and
rollout through the month of October.

Within 20 days (early Oct) approx 20TH will be online. Hash rate will
then progressively reach over 50TH of mining power during the month
of October as miners are brought online.

The mining operation will then be scaled up as miners are deployed and
will reach and pass 100TH+ in November to reach 500TH during the
month of December.


Other news:

Gen 2 65nm development is on track. Due to the fast increase in network
diff Labcoin will likely not sell or
ship volume 130nm orders but rather work towards quick tape out and
first run of 65 nm for bulk customer orders and consumer miners.

The 130 nm chips are still highly profitable for mining in datacenter in
China due to the short lead time and availabilty of resources etc.

Labcoin sees no reason to risk shipping chips at this point when the
team can just build miners on-site in China and reach very high
revenue mining with the chips instead of selling them to end users.


TLDR; Miners are being tweaked and tested still and deployment of
'significant' hash rate will be happening in the next two weeks, to reach
approx 20TH within 20 days. During October 50TH+ will be rolled out, to
reach 100TH+ in November and 500TH during the month of December.
65 nm is on track.


I will also post pictures of board and chips in about 2minutes.

Edit: here are chips and boards.http://imgur.com/4yuBc9A

To clarify. Hash goal for Dec is 500th+ and that is from chips that are already ordered using IPO funds. Short term goal is 20 TH within 20 days, 50TH in Oct and 100+ in November. We consider it likely that we surpass both Oct and November goals.

This also means they wont be able to send any chips out for the community to test just to see if they really work.

My guess is the 130nm chips didn't pass testing and are faulty. That would explain the full month setback.
Bitcycle
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September 18, 2013, 02:22:14 PM
 #10955



LOL at you kids thinking you'll be able to tank it by asking for a signed message.

If that's your plan you're gonna need a new one.


AngelSky
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September 18, 2013, 02:24:05 PM
 #10956

LOL at you kids thinking you'll be able to tank it by asking for a signed message.

If that's your plan you're gonna need a new one.

To the moon ?
Bitcycle
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September 18, 2013, 02:27:51 PM
 #10957


So seriously, what's going to be different 5.5 hours from now that they can post an address then but not now?
velacreations
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September 18, 2013, 02:37:48 PM
 #10958

So seriously, what's going to be different 5.5 hours from now
the share price will be considerably lower...

creativex
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September 18, 2013, 02:41:31 PM
 #10959

My guess is the 130nm chips didn't pass testing and are faulty. That would explain the full month setback.

I suspect that might be the case as it would explain their creepy behavior. If it is and management is going through all these contortions to hide this fact then there's no reason to hold shares. Their 65nm chips are still a ways off and management has already demonstrated a disturbing lack of transparency.

Bitcycle
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September 18, 2013, 02:42:32 PM
 #10960

So seriously, what's going to be different 5.5 hours from now
the share price will be considerably lower...

When will the dumping start?  We've got to be getting close to the time that the nervous start their panic...

Also, that wall at 0.003 seems to be the dumbest guy ever.  If it's going up, it's going a lot higher than that.  Why give money away?




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