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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041991 times)
AngelSky
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September 20, 2013, 04:04:37 AM
 #12221

The share price speaks by itself.

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Ytterbium
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September 20, 2013, 04:05:14 AM
 #12222

Because if they deliver let say 1hr from now you might miss a large amount of profit... but again it looks like it serious so yes its a pure gamble to hold at this point... Since they haven't deliver anything

That's true, but that seems pretty unlikely at this point, don't you think?  They've had however many hours to pull through - and they haven't done so yet.

Obviously people can hold out hope but there isn't really any reason to do so - and they're not giving us any reason, because they're failing to communicate.

No reason to think they're competent in getting this done in such a short time frame (lots of people have failed, look at BFL, Avalon took months, etc) and no reason to think they'll be honest about what's going on in the future.

Plus remember there is a very short window of profitability for Labcoin here.  You can already order 28nm miners from Cointerra and bitmine.ch for less then $3/Gh/s.   Labcoin originally claimed $2/Gh/s and that was when their chips were 4Ghs/s not 1.8.  

So if they fix all their technical issues in the next few months, but by then their window of profitability will be gone.  The shares might yeild, like, 0.0004 BTC or something in dividends over the next couple years.

And actually, if you think about it LC is acting a lot like Walter White.  Full of hubris, wanting to take care of everything on their own without telling anyone anything, hoping that they can just 'fix' everything without anyone ever knowing anything was wrong. Telling people just to trust them without any proof.   Meanwhile they keep screwing up and the people who trust them (i.e. the shareholders in this case) just end up getting fucked.



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September 20, 2013, 04:06:18 AM
 #12223


I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed

I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed

I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed

I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed

I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed



I told you not invest in LAGcoin, but you didn't listen!

How's that working out for you?   Cool

ALWAYS BET ON iCE...


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VolanicEruptor
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September 20, 2013, 04:07:29 AM
 #12224

Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.

This doesn't make sense, because only the share holders would suffer.  With no shareholders, labcoin would rake in 100% of the profits.  Burnside would not punish us like this.  LOL

so far they paid for the chips and some crappy pcbs thats all they spent your money on. do you think they will improve? make up your mind. stop denying.

I thought you meant with troubles staying on the exchange.

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September 20, 2013, 04:08:20 AM
 #12225

Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.
If they could, they've done it already. They said it was online on 10 Sep. Then 'before this Wednesday', and on that Wednesday, 'less than 12 hours from now'. As a developer myself, I know the difficulty of fixing a badly designed software. You just finished fixing a bug and think it will work, and then there's a new bug. It happens again and again and at last you think you'd better start it from the scratch. Let alone they are dealing with the hardware problem now, usually much more difficult to fix.

In this case, in my opinion, they should cancel the bulky order of their 130nm chips and buy some bitfury chips immediately to fulfil their 50TH promise, and then concentrate on their 65nm chips and make sure never to screw up again. Only this can save them and all the investors.
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September 20, 2013, 04:08:24 AM
 #12226

Plus remember there is a very short window of profitability for Labcoin here.  You can already order 28nm miners from Cointerra and bitmine.ch for less then $3/Gh/s.  Labcoin originally claimed $2/Gh/s and that was when their chips were 4Ghs/s not 1.8. 

So if they fix all their technical issues in the next few months, but by then their window of profitability will be gone.  The shares might yeild, like, 0.0004 BTC or something in dividends over the next couple years.

you are probably not on ignore, so someone might see this.  Please listen to this, people!  Missing the window is a REALLY big deal.

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September 20, 2013, 04:08:37 AM
 #12227

The signed messages in blockchain at there address are quite funny

Yes, they are worth their BTC0.00002 (more or less) indeed Cheesy

Anxiety all around... hence the steep drop too, not really surprising. Without any verifiable fact, the stock price amounts to the level of trust investors have in LC.
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September 20, 2013, 04:09:41 AM
 #12228

And here comes the pump, just like clockwork, in the BTC world things work differently dump and then pump.
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September 20, 2013, 04:11:18 AM
 #12229

Anxiety all around... hence the steep drop too, not really surprising. Without any verifiable fact, the stock price amounts to the level of trust investors have in LC.

still overvalued.
this is far from over.  are they going to come through at the last minute with a miracle?  doubtful.  This price is going lower, we're just taking a break right now.

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September 20, 2013, 04:12:10 AM
 #12230

The signed messages in blockchain at there address are quite funny

Yes, they are worth their BTC0.00002 (more or less) indeed Cheesy

Anxiety all around... hence the steep drop too, not really surprising. Without any verifiable fact, the stock price amounts to the level of trust investors have in LC.
whats those 2000 shares against the 500k dumped tonight?

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velacreations
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September 20, 2013, 04:12:13 AM
 #12231

And here comes the pump, just like clockwork, in the BTC world things work differently dump and then pump.
600 shares is not a recovery after several hundred thousand just sold...

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September 20, 2013, 04:12:21 AM
 #12232

I told you not invest in LAGcoin, but you didn't listen!

How's that working out for you?   Cool

ALWAYS BET ON iCE...

IceDrill isn't any better. Overpriced HashFast chips - still have a huge risk in terms of installation capacity, and so on.

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September 20, 2013, 04:12:59 AM
 #12233

The signed messages in blockchain at there address are quite funny

Yes, they are worth their BTC0.00002 (more or less) indeed Cheesy

Anxiety all around... hence the steep drop too, not really surprising. Without any verifiable fact, the stock price amounts to the level of trust investors have in LC.
whats those 2000 shares against the 500k dumped tonight?
yeah, that's all JohnyBigs can afford, though.  Remember?  He bought in around .0025

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September 20, 2013, 04:13:35 AM
 #12234

There isnt a short window of opportunity at all do you guys fail at math? 500TH in january still pulls in over a million, go run some numbers .
velacreations
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September 20, 2013, 04:14:07 AM
 #12235

IceDrill isn't any better. Overpriced HashFast chips - still have a huge risk in terms of installation capacity, and so on.

actually, IceDrill is way worse.  As bad as Labcon is, at least it's not IceDrill.  That thing is an toxic disaster waiting to happen.

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September 20, 2013, 04:14:11 AM
 #12236

How to earn money with Labcoin:


whoever tries this today and succeeds is my hero but i will seriously doubt his sanity Cheesy

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velacreations
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September 20, 2013, 04:15:04 AM
 #12237

There isnt a short window of opportunity at all do you guys fail at math? 500TH in january still pulls in over a million, go run some numbers .

right, we should believe them after so many lies... 

"hey, we can't get 2 TH/s to work, but we'll have 500 TH/s coming, just buy cheap shares!!!!"

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September 20, 2013, 04:15:09 AM
 #12238

The signed messages in blockchain at there address are quite funny

Yes, they are worth their BTC0.00002 (more or less) indeed Cheesy

Anxiety all around... hence the steep drop too, not really surprising. Without any verifiable fact, the stock price amounts to the level of trust investors have in LC.
whats those 2000 shares against the 500k dumped tonight?
yeah, that's all JohnyBigs can afford, though.  Remember?  He bought in around .0025

As mentioned before I havent bought/or sold any shares since my initial purchase as im not scum like yourself.
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September 20, 2013, 04:15:16 AM
 #12239

And here comes the pump, just like clockwork, in the BTC world things work differently dump and then pump.

I'm afraid it has run so dry, there is no more water to prime the pump!
AngelSky
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September 20, 2013, 04:15:28 AM
 #12240

The cheerleaders are going to be happy about all this. Nice ignore list to sell before your dear friends.

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ICO Starts: Oct 26th 2017 
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