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

[velacreations]

Where is the maths to support your statement?

Once you show us this maths of yours, you can also use it to show us how much AM is worth based on its dividends.

where have you been?  I posted that shit several pages ago.

But here it goes again, just for you:
Dividend Per share:  0.00000146 BTC
26 of those a year: ~.0000365
@ 50% APR (very generous), that's a share value of .000073

at double those earnings - .000146/share, triple - .000219/share

So, as you can see, even if we give them a lot of room and triple their current revenue, they are still worth an order of magnitude less than anyone around here is claiming.

Do you think a security that has less than .06% of the network should be valued more?

Even if they get that 20 TH/s up in the next 10 days (highly unlikely), they'll be worth ~.002 per share BY YOUR OWN CALCULATIONS (1% of network = .002/share)

AM's last div was 0.00967485, so .5 per year.  @ 30% APR, that's ~1.68 per share,  (which was their price before the BTCT fiasco yesterday).  AM has followed the 30% APR relationship for a while, now.  But when they were new, those APR were 70+%.

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[velacreations]

so, I'll ask again, where is the math that shows Labcoin is undervalued?  The math clearly shows them to be severely overvalued.

[farlack]

so, I'll ask again, where is the math that shows Labcoin is undervalued?  The math clearly shows them to be severely overvalued.

So you're basing it solely on the fact you want to make back in dividends what you paid for the share within a year? Wasn't satoshi dice shares set at ~$1 USD and went up to over $400 USD?..

You cant value a company because you want to make 5X your investment in dividends.. Right now Microsoft stocks sit at $32.49 and pay out $0.28 per share 4 times a year.. Based off your calculations they should be paying $8 per share per quarter.

[JohnyBigs]

so, I'll ask again, where is the math that shows Labcoin is undervalued?  The math clearly shows them to be severely overvalued.

why are you still here?  You said you were here to protect us against a scam. Labcoin is hashing and just paid a dividend. Again why are you still here and havent left already?

[velacreations]

so, I'll ask again, where is the math that shows Labcoin is undervalued?  The math clearly shows them to be severely overvalued.

So you're basing it solely on the fact you want to make back in dividends what you paid for the share within a year? Wasn't satoshi dice shares set at ~$1 USD and went up to over $400 USD?..

You cant value a company because you want to make 5X your investment in dividends.. Right now Microsoft stocks sit at $32.49 and pay out $0.28 per share 4 times a year.. Based off your calculations they should be paying $8 per share per quarter.

So, let me ask you this.  What would be the value of a company that has produced 250+ TH of ASIC mining equipment?  And then, using your same analysis, what is the value of a company that has produced .8 TH?

Things work a bit differently in the bitcoin world. You cant compare Microsoft or Apple to AsicMiner and/or Labcoin.  Maybe after the economy has matured, you might be able to do that.

[TMAN]

so, I'll ask again, where is the math that shows Labcoin is undervalued?  The math clearly shows them to be severely overvalued.

so what is the story with you? I'm interested to know why you are such an angry little Internet warrior

[velacreations]

do you guys remember this from page 1 of this thread: https://bitcointalk.org/index.php?topic=263445.0



Now, granted, this week LC saw more than just mining revenue, but that won't last.

[JohnyBigs]

do you guys remember this from page 1 of this thread: https://bitcointalk.org/index.php?topic=263445.0



Now, granted, this week LC saw more than just mining revenue, but that won't last.

WHY ARE YOU STILL HERE?

[Ytterbium]

Yay dividends! But why aren't they hashing??

They might be hashing under a different name, or they're testing something. The recent payments on blockchain seem to indicate they're still hashing at the same rate as before they were removed from the list. Weird.

They are hashing, It's just not showing up because they're less then 640Gh/s and their rank is less then 25.  Probably they're at #26 or 27.

Perhaps more hardware issues or something.

[alexius89]

velacreations you are boring...

[dopamine]

Another update would be nice

[Mabsark]

Where is the maths to support your statement?

Once you show us this maths of yours, you can also use it to show us how much AM is worth based on its dividends.

where have you been?  I posted that shit several pages ago.

But here it goes again, just for you:
Dividend Per share:  0.00000146 BTC
26 of those a year: ~.0000365
@ 50% APR (very generous), that's a share value of .000073

at double those earnings - .000146/share, triple - .000219/share

So, as you can see, even if we give them a lot of room and triple their current revenue, they are still worth an order of magnitude less than anyone around here is claiming.

Do you think a security that has less than .06% of the network should be valued more?

Even if they get that 20 TH/s up in the next 10 days (highly unlikely), they'll be worth ~.002 per share BY YOUR OWN CALCULATIONS (1% of network = .002/share)

AM's last div was 0.00967485, so .5 per year.  @ 30% APR, that's ~1.68 per share,  (which was their price before the BTCT fiasco yesterday).  AM has followed the 30% APR relationship for a while, now.  But when they were new, those APR were 70+%.

I think a security that currently has 0.06% of the network and plans on greatly increasing their network share to around 5% by the end of the year has a lot of potential. People recognise and value that potential.

With AM at 1.68 BTC/share, if LC was equally as profitable, it would be worth 0.0672 BTC per share.

400,000 AM shares
10,000,000 LC shares
10,000,000 / 400,000 = 25

AM share price = 1.68 BTC/share
LC share price = 1.68 / 25 = 0.0672 BTC/share

AM had around 5%-6% of the network at the time according to asicminercharts.com. So if LC controlled 5% of the network would you agree that it would be worth around 0.06 BTC/share?

Would you agree that LC has the potential to control 5% of the network by the end of the year?

[velacreations]

I think a security that currently has 0.06% of the network and plans on greatly increasing their network share to around 5% by the end of the year has a lot of potential. People recognise and value that potential.

With AM at 1.68 BTC/share, if LC was equally as profitable, it would be worth 0.0672 BTC per share.

AM has produced 250+ TH and has been in operation for over a year. 
Labcoin has produced .8 TH and is currently behind schedule. 
There is no way you can compare them like that.

Your own calculations show that @1% of the network, Labcoin is worth .002 per share @ 50% APR. Labcoin currently has less than .06% of the network.  That puts their value at .00012 per share (best case scenario).  At their current situation, they certainly don't deserve 50% APR.

The market does not place value on what is promised, especially with securities, like Labcoin, that have failed to meet their promises.  AM plans to launch 500 TH/s in OCTOBER.  They plan to sell most of that, bringing in at least another 50K-100K btc in revenue for the next 8 weeks. By your reasoning, AM is severely UNDERVALUED, because of what they promise to do.

But, as you can see, the market does not value securities like that.  They can only be valued based on what they are actually achieving, and in the case of Labcoin, they are underachieving and over promising.  AM is the exact opposite.

Would you agree that LC has the potential to control 5% of the network by the end of the year?

no, not a chance.  They will be lucky to reach 1% by the end of the year.   They have failed to meet any of their hashing goals, so I don't know why anyone would assume that they would meet a lofty goal like 5% of the network within a few months.

If they reach 1% by the beginning of Nov, they MIGHT be able to achieve 3% by the end of the year, but that's a big MIGHT.

I appreciate that you can't disagree with my math, but it's misleading to try and compare value of a mature mining company who has delivered hundreds of TH to one that hasn't delivered anything (and has repeatedly lied, missed deadlines, misled shareholders and broken dozens of promises).

[TMAN]

Anyway what's happening with the payments drying up

[Puppet]

Would you agree that LC has the potential to control 5% of the network by the end of the year?

You mean, if they do an armed robbery on Cointerra's assembly house? No, not even then.
Them getting 400TH or 100000 of their mystery 130nm chips up and running and burning through at least  1.5MW?  Then double that every month for a few months?
Nah, dont see that happening either.

[kingcrimson]

The market does not place value on what is promised

It certainly does.

[NineLives]

Yay.. Div pay

I'm happy.

Hope they keep up.

[mfalme]

Wish the divs came last week before all the problems with BTCT  I want a new home for my Labcoin shares

[KCBitcoin]

Anyway what's happening with the payments drying up

^

[Bitcycle]

Anyway what's happening with the payments drying up

^

They don't seem to be hashing.