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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1079977 times)
matt4054
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September 18, 2013, 07:56:33 PM
 #11241

Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)

Source: http://blockexplorer.com/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

This is an EPIC FAIL. Z-E-R-O BTC has been mined.
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zumzero
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September 18, 2013, 07:56:52 PM
 #11242

UPDATE:

Just got off talking to Sam. The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12, more likely less then that but I have advised against setting a specific hour/time as this just leads to frustration if missed) and users will be able to view the mined coins through pool and this address:

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.

According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.

TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.


lol.... Roll Eyes Roll Eyes Roll Eyes

dickhead

That's it.  I am out of this security.

https://mybitcoin.garden
Bitcoin game where you can earn up to 220% on each planted garden!
FloatesMcgoates
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September 18, 2013, 07:57:14 PM
 #11243

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

Its an empty mining address, prepare for the dump
creativex
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September 18, 2013, 07:57:30 PM
 #11244

UPDATE:

Just got off talking to Sam. The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12, more likely less then that but I have advised against setting a specific hour/time as this just leads to frustration if missed) and users will be able to view the mined coins through pool and this address:

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.

According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.

TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.


lol.... Roll Eyes Roll Eyes Roll Eyes

nothing mined
dickhead

Totes. This security is a joke.

kokojie
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September 18, 2013, 07:57:44 PM
 #11245

Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)

lol so the address we all waited for is an empty address with nothing? so labcoin got ZERO bitcoins from supposedly mining for 2 weeks with at least 2TH?

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
TheSwede75 (OP)
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September 18, 2013, 07:57:58 PM
 #11246

The troll FUDS is high in this thread imminent price rise expected. Within 24hours means before Wednesday ends. Cant wait for the morons to sell again and buy back for a loss, but the fact that the price hasnt dropped in the last 100 pages of FUD shows that most of the weak hands are gone.

I wouldn't call it FUD in all cases.

The fact is that Labcoin has missed mining target by a few days due to some unforeseen issues. ASIC mining with custom developed miners isn't always as easy as just plug and play, however I believe the team will prove the detractors wrong and in the next few days the mining hash rate will increase significantly. According to Sam the pool mining merge is a software issue and it is being resolved 'as we speak', after that it it simply a question of bringing hash rate online.

I have full understanding that there are many people that mistrust ASIC projects, as many of them (even the ones that were once 'untouchable') are having a very difficult time.
superduh
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September 18, 2013, 07:57:59 PM
 #11247

0 btc @ this address. either most unluckiest company in the world or we've been lied to. wtfffff this shit again

ok
velacreations
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September 18, 2013, 07:58:10 PM
 #11248

an unsigned, empty address.

hahahahahahahahah!

zumzero
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September 18, 2013, 07:58:13 PM
 #11249

Here comes the panic sell again....    Shocked

https://mybitcoin.garden
Bitcoin game where you can earn up to 220% on each planted garden!
AngelSky
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September 18, 2013, 07:58:18 PM
 #11250

Total Received   0 BTC
floatyfish
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September 18, 2013, 07:58:30 PM
 #11251

UPDATE:

Just got off talking to Sam. The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12, more likely less then that but I have advised against setting a specific hour/time as this just leads to frustration if missed) and users will be able to view the mined coins through pool and this address:

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.

According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.

TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.


Could you also ask Sam for clarification on when investors should expect dividends?

If you feel like donating: 1NtgJf4znCsA5GJDCbqtowHL2143WyqLkC
redbeans2012
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September 18, 2013, 07:58:39 PM
 #11252

UPDATE:

Just got off talking to Sam. The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12, more likely less then that but I have advised against setting a specific hour/time as this just leads to frustration if missed) and users will be able to view the mined coins through pool and this address:

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.

According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.

TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.


lol.... Roll Eyes Roll Eyes Roll Eyes

dickhead

That's it.  I am out of this security.

Cool does that mean you'll stay out of the thread too?
TheSwede75 (OP)
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September 18, 2013, 07:59:19 PM
 #11253

Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)

lol so the address we all waited for is an empty address with nothing? so labcoin got ZERO bitcoins from supposedly mining for 2 weeks with at least 2TH?

If you have kept up with the updates, you would know that there have been some delays etc. The team is signing a clean address so that there will be zero questions that this is indeed the mining address used, and that all coins are indeed from the mining operation.
velacreations
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September 18, 2013, 07:59:24 PM
 #11254

The fact is that Labcoin has missed mining target by a few days due to some unforeseen issues. ASIC mining with custom developed miners isn't always as easy as just plug and play, however I believe the team will prove the detractors wrong and in the next few days the mining hash rate will increase significantly. According to Sam the pool mining merge is a software issue and it is being resolved 'as we speak', after that it it simply a question of bringing hash rate online.

I think the reason this stock is tanking is not because of the problems you are having, but rather, because you constantly miss deadlines and mislead the shareholders as to the real situation.

ShroomsKit
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September 18, 2013, 07:59:33 PM
 #11255


This might be the most incompetent communication from a company in the history of Bitcoin.

And that's saying something.

They should hire a random 12 year old with no clue how to run a business whatsoever. He will do a better job.

Its price is not a very relevant factor in its adoption....
thebitcoiners
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September 18, 2013, 07:59:39 PM
 #11256

OMG! They posted the address!! Panic Buy!!!

*checks address and sees 0 btc

OMG! It's empty!! Panic Sell!!!
KSGuy
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September 18, 2013, 07:59:48 PM
 #11257

crash and burn labcoin  Lips sealed
Rannasha
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September 18, 2013, 07:59:52 PM
 #11258

Amidst all this, it must be great for those that have shares of BTC-TC, all the share dumping and pumping is generating a ton of fee-revenue.
TheSwede75 (OP)
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September 18, 2013, 08:00:13 PM
 #11259

UPDATE:

Just got off talking to Sam. The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12, more likely less then that but I have advised against setting a specific hour/time as this just leads to frustration if missed) and users will be able to view the mined coins through pool and this address:

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.

According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.

TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.


Could you also ask Sam for clarification on when investors should expect dividends?

Sam's last update was for first dividend payment on the 24th. Unless that changes (which I have no indication it would) this is the date for first dividend.
Bitcycle
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September 18, 2013, 08:00:41 PM
 #11260

The troll FUDS is high in this thread imminent price rise expected. Within 24hours means before Wednesday ends. Cant wait for the morons to sell again and buy back for a loss, but the fact that the price hasnt dropped in the last 100 pages of FUD shows that most of the weak hands are gone.

I wouldn't call it FUD in all cases.

The fact is that Labcoin has missed mining target by a few days due to some unforeseen issues. ASIC mining with custom developed miners isn't always as easy as just plug and play, however I believe the team will prove the detractors wrong and in the next few days the mining hash rate will increase significantly. According to Sam the pool mining merge is a software issue and it is being resolved 'as we speak', after that it it simply a question of bringing hash rate online.

I have full understanding that there are many people that mistrust ASIC projects, as many of them (even the ones that were once 'untouchable') are having a very difficult time.

It's more than that.

They said they were mining at 2TH.

Obviously not the case.
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