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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041811 times)
Ytterbium
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September 19, 2013, 10:13:46 AM
 #11861

Most likely, they started mining on slush, and realized it was totally problematic, and switched to BTCGuild (remember, once they started slush hit a 'bad block' that didn't pay out for 6 hours - and if they had any 'instability' it would have meant losing out on payouts due to the way their payouts work)

The problem is we still can't say for CERTAIN because you can carry as large of a balance as you want and then do manual payouts of however much you want. We still need to see a consistent pattern of BTC coming in to make a determination on hashrate.

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ThePeshMod
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September 19, 2013, 10:14:04 AM
 #11862

Btcguild finally
if they have already switched, are we supposed to see their name here:
https://www.btcguild.com/index.php?page=rankings&section=teams
(given that they are hashing at a speed greater than 603.81 GH/s)


That's only if they have created a team. Otherwise, it will be in the individual accounts section. Unfortunately, without them telling us the account ID, no way to know which one is LC.
sse123
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September 19, 2013, 10:14:28 AM
 #11863

It is sure ,this http://blockchain.info/address/14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer address belong to BTCGUILD, my avalon is run in there.
Bitcycle
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September 19, 2013, 10:16:11 AM
 #11864

Most likely, they started mining on slush, and realized it was totally problematic, and switched to BTCGuild (remember, once they started slush hit a 'bad block' that didn't pay out for 6 hours - and if they had any 'instability' it would have meant losing out on payouts due to the way their payouts work)

The problem is we still can't say for CERTAIN because you can carry as large of a balance as you want and then do manual payouts of however much you want. We still need to see a consistent pattern of BTC coming in to make a determination on hashrate.

If they gave us their user id we could know precisely.

That would, however, require that they talk to us.
KCBitcoin
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September 19, 2013, 10:19:45 AM
 #11865

Most likely, they started mining on slush, and realized it was totally problematic, and switched to BTCGuild (remember, once they started slush hit a 'bad block' that didn't pay out for 6 hours - and if they had any 'instability' it would have meant losing out on payouts due to the way their payouts work)

The problem is we still can't say for CERTAIN because you can carry as large of a balance as you want and then do manual payouts of however much you want. We still need to see a consistent pattern of BTC coming in to make a determination on hashrate.

If they gave us their user id we could know precisely.

That would, however, require that they talk to us.
Their feelings are hurt, doubt they will ever forgive us. Cry
MaxSan
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September 19, 2013, 10:22:02 AM
 #11866

Most likely, they started mining on slush, and realized it was totally problematic, and switched to BTCGuild (remember, once they started slush hit a 'bad block' that didn't pay out for 6 hours - and if they had any 'instability' it would have meant losing out on payouts due to the way their payouts work)

The problem is we still can't say for CERTAIN because you can carry as large of a balance as you want and then do manual payouts of however much you want. We still need to see a consistent pattern of BTC coming in to make a determination on hashrate.

If they gave us their user id we could know precisely.

That would, however, require that they talk to us.
Their feelings are hurt, doubt they will ever forgive us. Cry

To be honest the general behaviour in this thread I think many would be. certainly make companies think twice about taking this route for investment.. which is shame.
KCBitcoin
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September 19, 2013, 10:27:05 AM
 #11867

There's a team called BFL4TW. BFL for The Wait?

If they create the team remember that it should require a PIN.

Well… they did the right thing it seems:


Can't believe I'm part of The Evil Fudsters after being so helpful at providing ways for Labcoin to prove their are legit for so many days Roll Eyes
BFL for Tai Wan?
Anyway, so if they've already created a team named 'labcoin', then they are certainly currently mining at a rate below 600GH/s
Ytterbium
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September 19, 2013, 10:33:03 AM
 #11868

There's a team called BFL4TW. BFL for The Wait?

If they create the team remember that it should require a PIN.

Well… they did the right thing it seems:


Can't believe I'm part of The Evil Fudsters after being so helpful at providing ways for Labcoin to prove their are legit for so many days Roll Eyes
BFL for Tai Wan?
Anyway, so if they've already created a team named 'labcoin', then they are certainly currently mining at a rate below 600GH/s

Unless they didn't join their own team. The labcoin team has been around forever. It could actually have been started by someone else, although I believe they mentioned it at some point in the distant past.

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September 19, 2013, 10:34:15 AM
 #11869

There's a team called BFL4TW. BFL for The Wait?

If they create the team remember that it should require a PIN.

Well… they did the right thing it seems:


Can't believe I'm part of The Evil Fudsters after being so helpful at providing ways for Labcoin to prove their are legit for so many days Roll Eyes
BFL for Tai Wan?
Anyway, so if they've already created a team named 'labcoin', then they are certainly currently mining at a rate below 600GH/s

Unless they didn't join their own team.
Which is irrelevant because you join a team when you create it.
tucenaber
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September 19, 2013, 10:34:49 AM
 #11870

We own and run several machines. checkout the team labcoin at btcguild Wink

It makes sense that they would mine at BTCGuild since they have done that before.
KCBitcoin
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September 19, 2013, 10:35:35 AM
 #11871

There's a team called BFL4TW. BFL for The Wait?

If they create the team remember that it should require a PIN.

Well… they did the right thing it seems:


Can't believe I'm part of The Evil Fudsters after being so helpful at providing ways for Labcoin to prove their are legit for so many days Roll Eyes
BFL for Tai Wan?
Anyway, so if they've already created a team named 'labcoin', then they are certainly currently mining at a rate below 600GH/s

Unless they didn't join their own team.
Which is irrelevant because you join a team when you create it.
I think he was just being sarcastic.
Ytterbium
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September 19, 2013, 10:36:00 AM
 #11872

There's a team called BFL4TW. BFL for The Wait?

If they create the team remember that it should require a PIN.

Well… they did the right thing it seems:


Can't believe I'm part of The Evil Fudsters after being so helpful at providing ways for Labcoin to prove their are legit for so many days Roll Eyes
BFL for Tai Wan?
Anyway, so if they've already created a team named 'labcoin', then they are certainly currently mining at a rate below 600GH/s

Unless they didn't join their own team.
Which is irrelevant because you join a team when you create it.

Which would only matter if they were mining on the same account that created the team.

TMAN
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September 19, 2013, 10:36:26 AM
 #11873

Glad to see the iq has been raised in this thread. It'll be interesting to see how high this goes now
Bitcycle
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September 19, 2013, 10:37:56 AM
 #11874


If they give us a user id and it's in the top 25 (more than 2.4 th), then we're all set.

And then cue the stock price train.  Choo choo.

KCBitcoin
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September 19, 2013, 10:38:56 AM
 #11875


If they give us a user id and it's in the top 25 (more than 2.4 th), then we're all set.

And then cue the stock price train.  Choo choo.


gladly waiting for it. Smiley
Ukyo
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September 19, 2013, 10:39:20 AM
 #11876


If they give us a user id and it's in the top 25 (more than 2.4 th), then we're all set.

And then cue the stock price train.  Choo choo.

It has already started to move up in the last 30 min.
Already back to 0.002900. Thin books still, but it's there.

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September 19, 2013, 10:39:49 AM
 #11877

21   BFL4TW   730.65 GH/s
Ytterbium
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September 19, 2013, 10:40:05 AM
 #11878


If they give us a user id and it's in the top 25 (more than 2.4 th), then we're all set.

And then cue the stock price train.  Choo choo.

Well, there's no way to prove that you own an ID on btcguild, as far as I know. Joining their labcoin team would be the way to go. But we'll see if they keep getting payments.

21   BFL4TW   730.65 GH/s

Lol. That's probably BFL themselves - not even the hashpower of a single 3x mini-rig.

MaxSan
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September 19, 2013, 10:43:25 AM
 #11879

To be honest the general behaviour in this thread I think many would be. certainly make companies think twice about taking this route for investment.. which is shame.
Actually, no, not at all. Mining companies are heavily interested in IPOs because it allows them to start a very risky business (especially in this particular timeframe) without taking much risk themselves. Why do you think we had so many mining IPOs in such a short timeframe?
You have to understand, words are just words. They still have the shareholder's money, which is certainly worth more than getting your feelings hurt over the Internet.
And I'm not targetting Labcoin in particular; just the latest mining companies and probably the new coming with IPOs.

I suppose having people constantly questioning *evreything* does help to make sure people are taking into consideration a lot of things many less than honest people may take when it comes to a method of deception.

I have a tendancy to give benefit of doubt to scenarios that present themselves when it comes to time delays and the likes.
BitThink
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September 19, 2013, 10:57:39 AM
 #11880

To be honest the general behaviour in this thread I think many would be. certainly make companies think twice about taking this route for investment.. which is shame.
Actually, no, not at all. Mining companies are heavily interested in IPOs because it allows them to start a very risky business (especially in this particular timeframe) without taking much risk themselves. Why do you think we had so many mining IPOs in such a short timeframe?
You have to understand, words are just words. They still have the shareholder's money, which is certainly worth more than getting your feelings hurt over the Internet.
And I'm not targetting Labcoin in particular; just the latest mining companies and probably the new coming with IPOs.

I suppose having people constantly questioning *evreything* does help to make sure people are taking into consideration a lot of things many less than honest people may take when it comes to a method of deception.

I have a tendancy to give benefit of doubt to scenarios that present themselves when it comes to time delays and the likes.

If they were upfront about their difficulties and explain clearly what's the problem and why there were delays, most of the investors will understand and even encourage them. What they did, however, really deserve all the doubts and angers.
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