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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042492 times)
KCBitcoin
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September 23, 2013, 09:39:36 PM
 #13961

So quick question guys (from a noob).  IF, (when?) dividends are paid.. Is the mining amount divided by 10 million if not - how do we tell how many shares it's divided by?
Quote

The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing. ALL share holders have the right to an equal share of dividends directly based on their ownerhsip.
so div/share = mining profit x 70-80% / 10,000,000
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Squirrel Dearing
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September 23, 2013, 09:41:42 PM
 #13962

Quote

The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing. ALL share holders have the right to an equal share of dividends directly based on their ownerhsip.
so div/share = mining profit x 70-80% / 10,000,000
Thanks, now that you re-posted that I remember reading it a while back..

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September 23, 2013, 09:56:38 PM
 #13963

I think them wiping out the order book made people mistakenly believe everyone panic sold down to sub-IPO. Definitely cheap at this point (as long as the hashing is legit)
NineLives
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September 23, 2013, 09:59:55 PM
 #13964

Hi guys,

Please can someone give me an update.  I'm a bit lost to whats going on?

BTCT.co is closing so what happens to our shares?
I doubt I goto sell off before it closes so what do I need to do?

Can someone advise pls..

Ta..

Try reading the thread?

Dude, I've sat quiet a few times with your remarks and sarcasm on this forum and quite frankly, its annoying and childish..  Most of your sarcasm comes from assuming people are stupid.  Well, your making your self sound like a tit.  If you have nothing grownup to say then please don't say anything.  Everyone has the right to ask questions even if its a noobie one!!!

Bitcoin Mining Hardware:   www.mininghardware.co.uk
velacreations
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September 23, 2013, 10:01:54 PM
 #13965

I think them wiping out the order book made people mistakenly believe everyone panic sold down to sub-IPO. Definitely cheap at this point (as long as the hashing is legit)

but the hashing hasn't improved, and they are still severely behind schedule.    Read some of the discussion yesterday about what their share price would actually be worth IF they are able to achieve even 1% of the network (hint: .002 per share).  Currently, they have .06% of the network.


EDIT:  looking at the last few payments, it's clear that the hash rate did not improve, as Ytterbium had suggested.  The reality of the situation is that the hash rate on the BTCGuild page is likely Labcoin's current hash rate.

Bitcycle
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September 23, 2013, 10:10:48 PM
 #13966

I think them wiping out the order book made people mistakenly believe everyone panic sold down to sub-IPO. Definitely cheap at this point (as long as the hashing is legit)

but the hashing hasn't improved, and they are still severely behind schedule.    Read some of the discussion yesterday about what their share price would actually be worth IF they are able to achieve even 1% of the network (hint: .002 per share).  Currently, they have .06% of the network.


YAAAAAAAAAAAAAAWWWWWWWWWWWNNNNNNNNNN

Seriously, dude.
AtlasONo
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September 23, 2013, 10:13:34 PM
 #13967

Does all this talk about tweaking miners really make sense? I mean they have a group working fine, they have a hidden group working. Why not just hammer out the rest of them & tweak the firmware later on a small subset.

I'd like more technical insight.

velacreations
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September 23, 2013, 10:13:40 PM
 #13968

Seriously, dude.
still not able to dispute the math, huh?

AngelSky
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September 23, 2013, 10:13:45 PM
 #13969

Still tweaking.

Btw, Moderator Score is now -1.

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Bitcycle
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September 23, 2013, 10:18:30 PM
 #13970

Seriously, dude.
still not able to dispute the math, huh?

You've been trounced math-wise.  If you haven't seen that, it doesn't speak well of your analytical skills.  
tucenaber
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September 23, 2013, 10:39:20 PM
 #13971

Seriously, dude.
still not able to dispute the math, huh?

You've been trounced math-wise.  If you haven't seen that, it doesn't speak well of your analytical skills.  

Sigh. You know math isn't a spectator sport Wink Either you verify it yourself or it doesn't count.

If you download the figures from blockchain.info you get the last 50 transactions. Excluding the tiny ones gives 44. There are two bumps with a low period in between. The low period has an implied hashrate of 538 GH/s. The average over the last 44 transactions gives you an implied hashrate of about 716 GH/s.

Note that both of these numbers are below the team number. Please explain.
Duffer1
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September 23, 2013, 10:54:39 PM
 #13972

Sigh. You know math isn't a spectator sport Wink Either you verify it yourself or it doesn't count.

If you download the figures from blockchain.info you get the last 50 transactions. Excluding the tiny ones gives 44. There are two bumps with a low period in between. The low period has an implied hashrate of 538 GH/s. The average over the last 44 transactions gives you an implied hashrate of about 716 GH/s.

Note that both of these numbers are below the team number. Please explain.

Have you factored in 3% pool fee?
tucenaber
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September 23, 2013, 11:01:37 PM
 #13973

No. Feel free to multiply appropriately.
BitCsByBit
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September 23, 2013, 11:49:34 PM
 #13974

Seriously, dude.
still not able to dispute the math, huh?

You've been trounced math-wise.  If you haven't seen that, it doesn't speak well of your analytical skills.  

Sigh. You know math isn't a spectator sport Wink Either you verify it yourself or it doesn't count.

If you download the figures from blockchain.info you get the last 50 transactions. Excluding the tiny ones gives 44. There are two bumps with a low period in between. The low period has an implied hashrate of 538 GH/s. The average over the last 44 transactions gives you an implied hashrate of about 716 GH/s.

Note that both of these numbers are below the team number. Please explain.



You're right regarding the average over the last 44 transactions, but you have to agree that the last 10 transactions are consistently higher than the previous transactions by about 50%.

Their previous payments were consistent at 0.1 every hour, and the payments in the last 8 hours are consistent at 0.15 every hour.

When I put that together with their last statement, I get an impression that they already have around 50% more hashing power not yet merged with the Labcoin team, due to the known stability issues, and we all know how people here react to the unstable hashrate figures!

Time will tell.

For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild, be patient.

Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
Bitcycle
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September 23, 2013, 11:54:00 PM
 #13975


 Advantages of founders who want to be able to sell shares-

1) They care about the share price.

2) They want to be able to actually sell shares.

That gets them pretty motivated to get the exchange thing sorted out quickly.
moneymanagment
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September 24, 2013, 12:26:23 AM
 #13976

Do we know what the time frame is for btct getting shut down

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yuansuyi
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September 24, 2013, 12:33:37 AM
 #13977

Do we know what the time frame is for btct getting shut down
here: https://btct.co/  in the front page.
tucenaber
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September 24, 2013, 01:17:02 AM
 #13978

...

Thanks for answering with actual arguments. I don't know who's right and that wasn't even the point. I just wanted to give Bitcycle a chance to trounce me Grin
KSGuy
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September 24, 2013, 02:09:40 AM
 #13979

oh man what a mess

so it looks like we're either going to
https://bitfunder.com/
or
https://www.havelockinvestments.com
?

How do we move our labcoin shares over, what's going to happen now? Huh
Fordee
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September 24, 2013, 02:12:41 AM
 #13980

Well... I guess Burnside 'locking' Labcoin's shares is kinda a moot point now eh guys?
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