[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[Ytterbium]

Well even if they decide to move to bitfunder they still need to go to direct shares first, not everyone want to be on bitfunder or have account there and some are just not going to be responsive quick enough for this to happened. So the direct shares will be the first step

Direct shares are a management headache.  You really want labcoin to deal with however many shareholders, potentially some with just a handful of shares? They're not exactly the most responsive.

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[JohnyBigs]

Anyone notice the last 2 payouts for the Labcoin address have been a bit larger than the usual .1BTC  Possible more devices have been deployed and btcguild hasnt been updated with correct hashing speed?

They are working with batches so yes, theh could be hashing right now just have not merged it to the labcoin team, whicb is exactly what they said

[Ytterbium]

Anyone notice the last 2 payouts for the Labcoin address have been a bit larger than the usual .1BTC  Possible more devices have been deployed and btcguild hasnt been updated with correct hashing speed?

Probably extra accumulated btc. I had a spreadsheet and if you run the numbers it looks like 500Gh/s for some hours followed by 1.2Th/s worth.

But it could be they're using multiple accounts to test with and haven't added the other accounts to the labcoin team yet.

I'll update my spreadsheet and look at the more recent numbers.

[velacreations]

Direct shares are a management headache.  You really want labcoin to deal with however many shareholders, potentially some with just a handful of shares? They're not exactly the most responsive.

it's the only way, really.  They need to go BTCT >> Direct >> Bitfunder/Havelock.  Otherwise, you don't know who owns what.  I'm sure a lot of poeple don't have bitfunder accounts, and if they do, the BTC addresses may not line up.

I agree, though, it's not something I would want to trust this team with.  I guess that's why the share price is currently what it is.

[wickedgoodtrader]

hahaha.. your all gonna get raped

[Sou]

hahaha.. your all gonna get raped

Jerry Sandusky quote?

[JohnyBigs]

hahaha.. your all gonna get raped

Moar fud please need to buy cheaper shares .00025 would be good.

[Zubilica]

last 2 transaction have 0.15 BTC instead of normal 0.1 BTC

one even 0.29072199 BTC

[lzr1900]

merge to BF will be the best solution.

[Ytterbium]

They just got a transaction. 

9/23/2013 15:07 UTC they got 0.1 BTC
9/23/2013 15:47 UTC they got 0.15 BTC  a manual payout that would include extra, but bring their ballance to zero

Then 9/23/2013 16:17 they got another manual payout  0.29072199 BTC, over a half hour period.   

At 112628549 difficulty, that comes out to 3.2Th/s.

[JohnyBigs]

This is the first time I think price might take a massive dump again, when the last few days of trading on btct occur again, people will panic about labcoin keeping track of share ownership.

[damiano]

They just got a transaction. 

9/23/2013 15:07 UTC they got 0.1 BTC
9/23/2013 15:47 UTC they got 0.15 BTC  a manual payout that would include extra, but bring their ballance to zero

Then 9/23/2013 16:17 they got another manual payout  0.29072199 BTC, over a half hour period.   

At 112628549 difficulty, that comes out to 3.2Th/s.

Thanks for crunching the numbers!

[boyohi]

On a lighter news. Hey guys congratz! We surpass AM post count.

[Zubilica]

They just got a transaction. 

9/23/2013 15:07 UTC they got 0.1 BTC
9/23/2013 15:47 UTC they got 0.15 BTC  a manual payout that would include extra, but bring their ballance to zero

Then 9/23/2013 16:17 they got another manual payout  0.29072199 BTC, over a half hour period.   

At 112628549 difficulty, that comes out to 3.2Th/s.

9/23/2013 15:07 UTC they got 0.15 BTC

[Bitcycle]

If they really have 3.2 TH/s online, good luck to those of you waiting for IPO price.

[abuelau]

They just got a transaction. 

9/23/2013 15:07 UTC they got 0.1 BTC
9/23/2013 15:47 UTC they got 0.15 BTC  a manual payout that would include extra, but bring their ballance to zero

Then 9/23/2013 16:17 they got another manual payout  0.29072199 BTC, over a half hour period.   

At 112628549 difficulty, that comes out to 3.2Th/s.

9/23/2013 15:07 UTC they got 0.15 BTC

Ha? I don't understand this math. How can you differentiate between a manual payout or automatic?

[velacreations]

If they really have 3.2 TH/s online, good luck to those of you waiting for IPO price.

someone sold for .00025 this morning...

[JohnyBigs]

If they really have 3.2 TH/s online, good luck to those of you waiting for IPO price.

Im waiting for .0003 again im sure there will be panic sellers ftw again lol

[Sou]

They just got a transaction.  

9/23/2013 15:07 UTC they got 0.1 BTC
9/23/2013 15:47 UTC they got 0.15 BTC  a manual payout that would include extra, but bring their ballance to zero

Then 9/23/2013 16:17 they got another manual payout  0.29072199 BTC, over a half hour period.  

At 112628549 difficulty, that comes out to 3.2Th/s.

9/23/2013 15:07 UTC they got 0.15 BTC

Ha? I don't understand this math. How can you differentiate between a manual payout or automatic?

Speculation. Clean numbers vs. ones with lots of decimal places, and assuming the latter is manual.

[JohnyBigs]

In other news if you guys want to get in on a speculative play icedrill is removing their 3rd tranche sell wall at .0016