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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042559 times)
VolanicEruptor
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September 22, 2013, 06:04:27 PM
 #13441

BTW if anyone wants to make the share price fall below .002 again, just start a couple new teams with combined hash power from all the FUDsters and throw labcoin off the rank list.  Buy up shares, rinse, repeat..  

I'm not sure the 486's of all the FUDsters could make the list.

touche..lol I just pictured a bunch of 14 year old kids trying to mine with their iphones..

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September 22, 2013, 06:08:21 PM
 #13442

BTW if anyone wants to make the share price fall below .002 again, just start a couple new teams with combined hash power from all the FUDsters and throw labcoin off the rank list.  Buy up shares, rinse, repeat..  

I'm not sure the 486's of all the FUDsters could make the list.

2 teams * 15 BFL singles would throw us off the list. It's quite funny how little hashing power we got at the moment. Here's hoping more will be deployed fast.
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September 22, 2013, 06:31:58 PM
 #13443

Hi guys, too much to read once again but I see shares have gone up?

Are we winning?

Bitcoin Mining Hardware:   www.mininghardware.co.uk
Panterino
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September 22, 2013, 06:48:24 PM
 #13444

Hi guys, too much to read once again but I see shares have gone up?

Are we winning?

We are most definitely winning.

It's amazing how quick these traders are and yet they are so slow when it comes to digesting news.
237
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September 22, 2013, 07:08:29 PM
 #13445

Code:
23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s

Look at it this way: They have more hashrate than the USA

Donatioins always welcome Wink
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LTC: LL2UDTbQNx9UiP37ZzJ4CLQDWm6JPgZG8t
creativex
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September 22, 2013, 07:29:07 PM
 #13446

Code:
23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s

Look at it this way: They have more hashrate than the USA

I'm in the US and have over 1Th/s on btcg right now. Most aren't part of a team and have no need to draw attention to themselves. Labcoin just said they'd increase hashes daily, so if they want to begin to regain credibility then I'd like to see their hashrate go up now.

Bitcycle
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September 22, 2013, 07:37:26 PM
 #13447

The more I think about it, the more that warning is a drastic overreaction to a minor issue.

The whole thing has been handled very poorly by Burnside.  I've lost some faith in the exchange because of this whole incident. Making up rules as you go along is not the way to earn my trust.
cix888
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September 22, 2013, 07:38:02 PM
 #13448

Code:
23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s

Look at it this way: They have more hashrate than the USA

I'm in the US and have over 1Th/s on btcg right now. Most aren't part of a team and have no need to draw attention to themselves. Labcoin just said they'd increase hashes daily, so if they want to begin to regain credibility then I'd like to see their hashrate go up now.

its 3:30 AM and a storm is coming

So lets give them a break...
Bitcycle
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September 22, 2013, 07:40:20 PM
 #13449

Code:
23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s

Look at it this way: They have more hashrate than the USA

I'm in the US and have over 1Th/s on btcg right now. Most aren't part of a team and have no need to draw attention to themselves. Labcoin just said they'd increase hashes daily, so if they want to begin to regain credibility then I'd like to see their hashrate go up now.

its 3:30 AM and a storm is coming

So lets give them a break...

The worst of the storm should be mostly passed by now.  But yeah, 3:30 am.
VolanicEruptor
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September 22, 2013, 07:43:44 PM
 #13450

Code:
23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s

Look at it this way: They have more hashrate than the USA

I'm in the US and have over 1Th/s on btcg right now. Most aren't part of a team and have no need to draw attention to themselves. Labcoin just said they'd increase hashes daily, so if they want to begin to regain credibility then I'd like to see their hashrate go up now.

I don't think that was to be taken seriously.. he was obviously joking

drawingthesun
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September 22, 2013, 07:44:39 PM
 #13451

I don't think that was to be taken seriously.. he was obviously joking

Everyone is so serious and tense in this thread...
kingcrimson
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September 22, 2013, 07:46:15 PM
 #13452

The more I think about it, the more that warning is a drastic overreaction to a minor issue.

The whole thing has been handled very poorly by Burnside.  I've lost some faith in the exchange because of this whole incident. Making up rules as you go along is not the way to earn my trust.

You only say that because it effects your share price. Labcoin has been acting shady as hell. I say that as a shareholder being unbiased...this warning will make Labcoin re-think pulling the same crap in the future, and know there are consequences.
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September 22, 2013, 07:55:01 PM
 #13453

The more I think about it, the more that warning is a drastic overreaction to a minor issue.

The whole thing has been handled very poorly by Burnside.  I've lost some faith in the exchange because of this whole incident. Making up rules as you go along is not the way to earn my trust.

You only say that because it effects your share price. Labcoin has been acting shady as hell. I say that as a shareholder being unbiased...this warning will make Labcoin re-think pulling the same crap in the future, and know there are consequences.

I agree. LC have reacted terribly in the way they've handled the situation with the chips and communication in general. I've been looking into other assets in case I decide to sell out. That'll depend on how the hash rate changes over the next week or two. I'll leave a small amount amount to trade with though.
237
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September 22, 2013, 07:56:24 PM
 #13454

Code:
23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s

Look at it this way: They have more hashrate than the USA

I'm in the US and have over 1Th/s on btcg right now. Most aren't part of a team and have no need to draw attention to themselves. Labcoin just said they'd increase hashes daily, so if they want to begin to regain credibility then I'd like to see their hashrate go up now.

I don't think that was to be taken seriously.. he was obviously joking

Some people are just too serious Cheesy

Donatioins always welcome Wink
BTC: 148nRwhghr9Abnpp9vShYxSPDbyMFQzjhr
LTC: LL2UDTbQNx9UiP37ZzJ4CLQDWm6JPgZG8t
Bitcycle
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September 22, 2013, 07:58:48 PM
 #13455

The more I think about it, the more that warning is a drastic overreaction to a minor issue.

The whole thing has been handled very poorly by Burnside.  I've lost some faith in the exchange because of this whole incident. Making up rules as you go along is not the way to earn my trust.

You only say that because it effects your share price. Labcoin has been acting shady as hell. I say that as a shareholder being unbiased...this warning will make Labcoin re-think pulling the same crap in the future, and know there are consequences.


No, I say that because Burnside has handled it very poorly, acting essentially on whims.

Putting up a warning like that is VERY serious, as was evidenced by the reaction to it.  What was the process for it?  

Where is this process documented? Where was it discussed?

Labcoin should be responsive, sure. That in no way absolves Burnside of his far too casual handling of the whole matter.

Today it's Labcoin, but it could be any offering on the site. We don't know when Burnside is going to decide to interpret things however he wants and take essentially random actions.

creativex
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September 22, 2013, 08:05:17 PM
 #13456

Code:
23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s

Look at it this way: They have more hashrate than the USA

I'm in the US and have over 1Th/s on btcg right now. Most aren't part of a team and have no need to draw attention to themselves. Labcoin just said they'd increase hashes daily, so if they want to begin to regain credibility then I'd like to see their hashrate go up now.

I don't think that was to be taken seriously.. he was obviously joking

Some people are just too serious Cheesy

I know...lying and stealing are "shenanigans" and/or "tomfoolery" amirite? None of these intentional deceptions have been the least bit amusing.

Ytterbium
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September 22, 2013, 08:07:49 PM
 #13457

The more I think about it, the more that warning is a drastic overreaction to a minor issue.

The whole thing has been handled very poorly by Burnside.  I've lost some faith in the exchange because of this whole incident. Making up rules as you go along is not the way to earn my trust.

I lost money because of it - he first put it up with no explanation at all.  No what provisions they were violating nor what how it had been "flagged" (or by who, or how the 'flagging' process even worked.)

So, I sold. partly because I thought it might drive the price down further, and partly because I actually had no idea what was going on.  There'd been so much drama with Labcoin, for all we knew it was put there because it was feared they'd run off with the IPO money or something.

Later he posted an update a comment which explained what was going on (it had to do with share locking) and linked to it, and the price immediately recovered. Since the price had been going up due to the hashing I bought back in at a higher price then I sold, like a total idiot. Had I just waited a bit I could have actually profited. Oh well.

VolanicEruptor
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September 22, 2013, 08:07:58 PM
 #13458

Code:
23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s

Look at it this way: They have more hashrate than the USA

I'm in the US and have over 1Th/s on btcg right now. Most aren't part of a team and have no need to draw attention to themselves. Labcoin just said they'd increase hashes daily, so if they want to begin to regain credibility then I'd like to see their hashrate go up now.

I don't think that was to be taken seriously.. he was obviously joking

Some people are just too serious Cheesy

I know...lying and stealing are "shenanigans" and/or "tomfoolery" amirite? None of these intentional deceptions have been the least bit amusing.

I was referring to the post "Look at it this way: They have more hashrate than the USA".  He was joking, not lying or stealing..

Ytterbium
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September 22, 2013, 08:09:27 PM
 #13459

Code:
23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s

Look at it this way: They have more hashrate than the USA

I'm in the US and have over 1Th/s on btcg right now. Most aren't part of a team and have no need to draw attention to themselves. Labcoin just said they'd increase hashes daily, so if they want to begin to regain credibility then I'd like to see their hashrate go up now.

I don't think that was to be taken seriously.. he was obviously joking

Plus, it's hard to miss "Team America" #4 at 4.9Th/s. Tongue

Actually if everyone in "Team USA" joined "Team America" they'd beat the #3 team, the creatively named "ASIC Miners"  Roll Eyes

bitrich
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September 22, 2013, 08:10:57 PM
 #13460

Well looks like the lab has turned it around, so let's say labcoin reaches their december goal of 500th/s.  Has anyone used some math and took a guess as the share price and dividend yet? If they get anywhere close to 500th/s it could be epic, no?
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