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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041994 times)
Bitcycle
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September 18, 2013, 11:39:22 PM
 #11581

So obviously no one will actually try to understand that but it does not prove any of their claims.

They are using a pool with no public user hashrate stats. They could have been mining on the account with their Avalons for a while.
Or it could be just someone else.

Again, the proofs that were asked were either signed solo mining address, or public pool stats. This is neither.

Also, they could be using alien technology from another dimension.

But they aren't.

Scam ride is over.  It's not one.

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Vigil
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September 18, 2013, 11:40:05 PM
 #11582

Labcoin...

Awesome Company!!!
bobboooiie
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September 18, 2013, 11:41:46 PM
 #11583

Finally this is moving right direction, lets just hope labcoin would do better job communicating with shareholders.
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September 18, 2013, 11:42:05 PM
 #11584


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PRIMEDICE
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SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
lzr1900
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September 18, 2013, 11:42:53 PM
 #11585

time to pick up some cheap shares ,hahaha
Vigil
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September 18, 2013, 11:44:14 PM
 #11586

What is chaos computer club?
velacreations
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September 18, 2013, 11:45:26 PM
 #11587

A signed solo-mining address could be gamed just as easily.

here's what they promised: http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

and here's how you know it's not gaming: http://blockchain.info/tx/ba7d55a0c97e255c2caeeba26361b85c36adf9fc91d85f43f3ae2c4682f0c646



lzr1900
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September 18, 2013, 11:45:40 PM
 #11588

What is chaos computer club?

Slush mining pool. Grin http://mining.bitcoin.cz/
Ukyo
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September 18, 2013, 11:49:06 PM
 #11589

I mined on Slush for a while.
They pay at every threshold last I know and typically once per block.
Either:
a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there
b. LC is getting about 3.x btc per block on slush
C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.

While I would not rule out a, b and c are both promising.

-Ukyo

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Bitcycle
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September 18, 2013, 11:49:22 PM
 #11590


So to make the facts clear-

Labcoin has received a payment from a well-known mining pool, which is extremely strong evidence that they are in fact mining.
Ytterbium
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September 18, 2013, 11:49:42 PM
 #11591


Whatever haters.




Pompobit
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September 18, 2013, 11:51:28 PM
 #11592

I missed that, labcoin or theswede wrote on IRC that their mining pool was slush?
tucenaber
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September 18, 2013, 11:52:54 PM
 #11593

I missed that, labcoin or theswede wrote on IRC that their mining pool was slush?

No. No official confirmation yet. Could be a trolling attempt too Wink
Ukyo
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September 18, 2013, 11:53:52 PM
 #11594

Pretty good attempt. Already some 60btc in buy orders. Tongue

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Bitcycle
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September 18, 2013, 11:55:39 PM
 #11595

Ok the address posted received a payment from Slush's public pool.  What info do we need now to determine their hashrate?
There is no way to link it to a particular entity, and Slush's pool does not provide public stats.

They can, however, generate an API token to give out their current hashrate: https://mining.bitcoin.cz/accounts/token-manage/

Nice.

Let's see this happen, Swede.
Duffer1
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September 18, 2013, 11:55:57 PM
 #11596

I missed that, labcoin or theswede wrote on IRC that their mining pool was slush?
Labcoin IRC chan is not official chan.  TheSwede75 user there is not the real TheSwede75.  

The real Swede posted a mining address https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm  that address just received a 3.26B payment from Slush's mining pool.  

It strongly indicates that Labcoin is mining at Slush's pool (or some jackoff set their payout address to Labcoins payout address to make it look like mining income in order to spike the share price).  IMO the more payments they get from Slush the less likely it's fake.
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September 19, 2013, 12:00:04 AM
 #11597

I mined on Slush for a while.
They pay at every threshold last I know and typically once per block.
Either:
a. random person pointed their 3.x btc payout to LC's address to cause a share price spike and make it up there
b. LC is getting about 3.x btc per block on slush
C. LC had 3.x btc and lowered the threshold to allow a payout of the balance of 3.x btc.

While I would not rule out a, b and c are both promising.

-Ukyo

I find very strange they said that on irc before than on this thread, to recover credibility.

I think the option a is the most likely
dexX7
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September 19, 2013, 12:00:34 AM
 #11598

This is clearly a move to higher grounds, but it could easily be an artifical pump. Everyone can set their payout address from slush to Labcoin's address. So what are the options here?

1. Labcoin announces it's not from them - instant reversal
2. No further "proof" - momentum will stagnate and turn around
3. They deliver proof - to teh moon

I'm interested in getting familiar with the circumstances required for a potential case 3. What would be a possible way for Labcoin to show us, it's really them? The hall of fame only lists users according to the total amount of mined blocks, but not due to their current hashrate, so it would take a longer time till Labcoin would be visible there. As far as I know there are no live statistics for individual users, right?

keeron
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September 19, 2013, 12:02:28 AM
 #11599

They can publish their API token from the pool. That is live info

This is clearly a move to higher grounds, but it could easily be an artifical pump. Everyone can set their payout address from slush to Labcoin's address. So what are the options here?

1. Labcoin announces it's not from them - instant reversal
2. No further "proof" - momentum will stagnate and turn around
3. They deliver proof - to teh moon

I'm interested in getting familiar with the circumstances required for a potential case 3. What would be a possible way for Labcoin to show us, it's really them? The hall of fame only lists users according to the total amount of mined blocks, but not due to their current hashrate, so it would take a longer time till Labcoin would be visible there. As far as I know there are no live statistics for individual users, right?
tucenaber
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September 19, 2013, 12:02:46 AM
 #11600

Whatever the source, there are 30 satoshi per share in dividends waiting Smiley
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