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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1039969 times)
KCBitcoin
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September 24, 2013, 08:50:34 PM
 #14201

Anyway what's happening with the payments drying up
^
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Bitcycle
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September 24, 2013, 08:51:57 PM
 #14202

Anyway what's happening with the payments drying up
^

They don't seem to be hashing.   Undecided
dexX7
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September 24, 2013, 08:54:49 PM
 #14203

Anyway what's happening with the payments drying up

Drying up? Can you elaborate? At least every hour the payment is sent to their wallet..

Mabsark
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September 24, 2013, 08:57:40 PM
 #14204

Your own calculations show that @1% of the network, Labcoin is worth .002 per share @ 50% APR.

What calculations would they be?

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.

It clearly does, otherwise you wouldn't be claiming they're overpriced and the shares would be selling for what you claim they're worth. What about before they started hashing? Were shares worth 0?

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.

They've stated that they plan on bringing 500 Th/s online by the end of the year. That is a valid possibility. If they did and they controlled 5% of the network, then the network hash rate would be 10 Ph/s. I think it's more likely that Labcoin will have 500 Th/s online than the network will be at 10 Ph/s by the end of the year. If the network was at 5 Ph/s then LC would need 250 Th/s. If they get their problems sorted and hit their targets they'll have around 200 Th/s in November.

That's their plan and it certainly a possibility, to claim otherwise is just silly. Sure there are risks, that's why the price is not more than 0.06 BTC/share already.
Mabsark
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September 24, 2013, 09:00:37 PM
 #14205

Anyway what's happening with the payments drying up

Drying up? Can you elaborate? At least every hour the payment is sent to their wallet..

That link shows the last payment was almost 4 hours ago.
Ytterbium
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September 24, 2013, 09:04:22 PM
 #14206

They've stated that they plan on bringing 500 Th/s online by the end of the year. That is a valid possibility. If they did and they controlled 5% of the network, then the network hash rate would be 10 Ph/s. I think it's more likely that Labcoin will have 500 Th/s online than the network will be at 10 Ph/s by the end of the year. If the network was at 5 Ph/s then LC would need 250 Th/s. If they get their problems sorted and hit their targets they'll have around 200 Th/s in November.

They'd still need to keep up with that, though.  Right now they can't even keep their rank on btcguild.

TMAN
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September 24, 2013, 09:06:22 PM
 #14207

Anyway what's happening with the payments drying up

Drying up? Can you elaborate? At least every hour the payment is sent to their wallet..

What time was the last payment and what time is it now?

Mabsark
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September 24, 2013, 09:19:38 PM
 #14208

They've stated that they plan on bringing 500 Th/s online by the end of the year. That is a valid possibility. If they did and they controlled 5% of the network, then the network hash rate would be 10 Ph/s. I think it's more likely that Labcoin will have 500 Th/s online than the network will be at 10 Ph/s by the end of the year. If the network was at 5 Ph/s then LC would need 250 Th/s. If they get their problems sorted and hit their targets they'll have around 200 Th/s in November.

They'd still need to keep up with that, though.  Right now they can't even keep their rank on btcguild.

I'm simply pointing out that these are Labcoin's stated targets and that these targets are certainly possible. Whether they'll hit them or not is not yet a knowable fact, therefore it's an opinion people should form for themselves. That is the risk, which is just as much a factor in LC's share price as are its current dividends. You can't determine the share price from just the dividends like vela is saying.
GreekGeek
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September 24, 2013, 10:14:00 PM
 #14209

So any news/updates?

Are they minning or what?

Any news on how/when we are moving to BitFunder or Havelock?

retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
Bitcycle
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September 24, 2013, 10:18:35 PM
 #14210

So any news/updates?

Are they minning or what?

Any news on how/when we are moving to BitFunder or Havelock?

No.

Doesn't seem like it.  Not on the team ranking, no rewards in 4 hours.

No.

Labcoin, as usual, isn't talking to us.
ThePeshMod
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September 24, 2013, 10:22:30 PM
 #14211

So any news/updates?

Are they minning or what?

Any news on how/when we are moving to BitFunder or Havelock?

In short - no. We don't know how fast they are hashing, and we have no official statements of moving to another exchange.
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September 24, 2013, 10:24:55 PM
 #14212

User Labcoin is offline at bitcointalk.org, last seen 4 hours, 22 minutes ago
User TheSwede75 is *** ONLINE *** at bitcointalk.org
dhenson
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September 24, 2013, 10:31:56 PM
 #14213

Back to the 'Which exchange should we move to?' discussion.  Just my 2BTC but I think Labcoin should place a high preference on moving to an exchange that is operating legally in the jurisdiction in which it exists.  For example, Havelock Investments is in Canada and Canada is very friendly to alt currency start ups, going so far as to say that they are unregulated.

Let's do what we can to avoid this same situation (or worse) in the future.
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September 24, 2013, 10:34:39 PM
 #14214

Back to the 'Which exchange should we move to?' discussion.  Just my 2BTC but I think Labcoin should place a high preference on moving to an exchange that is operating legally in the jurisdiction in which it exists.  For example, Havelock Investments is in Canada and Canada is very friendly to alt currency start ups, going so far as to say that they are unregulated.

Let's do what we can to avoid this same situation (or worse) in the future.

Are you suggesting that Bitfunder doesn't meet those standards? I'm not saying I prefer one over the other (I have holdings on both) but I'd just like to understand all the options and variables.

Whiskey Fund: (BTC) 1whiSKeYMRevsJMAQwU8NY1YhvPPMjTbM | (Ψ) ALcoHoLsKUfdmGfHVXEShtqrEkasihVyqW | (CGB) 5WHiSkEY8ocPHdeczVfpaGfquJK3j3Lqis
KCBitcoin
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September 24, 2013, 10:37:54 PM
 #14215

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.
It looks like they just took the whole thing offline.
NineLives
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September 24, 2013, 10:41:49 PM
 #14216

Back to the 'Which exchange should we move to?' discussion.  Just my 2BTC but I think Labcoin should place a high preference on moving to an exchange that is operating legally in the jurisdiction in which it exists.  For example, Havelock Investments is in Canada and Canada is very friendly to alt currency start ups, going so far as to say that they are unregulated.

Let's do what we can to avoid this same situation (or worse) in the future.

+1

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moribana
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September 24, 2013, 10:43:49 PM
 #14217

Back to the 'Which exchange should we move to?' discussion.  Just my 2BTC but I think Labcoin should place a high preference on moving to an exchange that is operating legally in the jurisdiction in which it exists.  For example, Havelock Investments is in Canada and Canada is very friendly to alt currency start ups, going so far as to say that they are unregulated.

Let's do what we can to avoid this same situation (or worse) in the future.

I do not quite understand. Is Belize an over-regulated country?  Wink
NineLives
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September 24, 2013, 10:47:33 PM
 #14218

Back to the 'Which exchange should we move to?' discussion.  Just my 2BTC but I think Labcoin should place a high preference on moving to an exchange that is operating legally in the jurisdiction in which it exists.  For example, Havelock Investments is in Canada and Canada is very friendly to alt currency start ups, going so far as to say that they are unregulated.

Let's do what we can to avoid this same situation (or worse) in the future.

I do not quite understand. Is Belize an over-regulated country?  Wink

I think what he means is, have it secure and regulated to secure our investments in-case things go pear shaped, doesn't matter where..

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dhenson
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September 24, 2013, 10:58:07 PM
 #14219

Back to the 'Which exchange should we move to?' discussion.  Just my 2BTC but I think Labcoin should place a high preference on moving to an exchange that is operating legally in the jurisdiction in which it exists.  For example, Havelock Investments is in Canada and Canada is very friendly to alt currency start ups, going so far as to say that they are unregulated.

Let's do what we can to avoid this same situation (or worse) in the future.

Are you suggesting that Bitfunder doesn't meet those standards? I'm not saying I prefer one over the other (I have holdings on both) but I'd just like to understand all the options and variables.

If Ukyo is following all USA laws and regulations then I would be all for it as I prefer bitfunder from a usage perspective.
moribana
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September 24, 2013, 10:59:21 PM
 #14220

Back to the 'Which exchange should we move to?' discussion.  Just my 2BTC but I think Labcoin should place a high preference on moving to an exchange that is operating legally in the jurisdiction in which it exists.  For example, Havelock Investments is in Canada and Canada is very friendly to alt currency start ups, going so far as to say that they are unregulated.

Let's do what we can to avoid this same situation (or worse) in the future.

I do not quite understand. Is Belize an over-regulated country?  Wink

I think what he means is, have it secure and regulated to secure our investments in-case things go pear shaped, doesn't matter where..

If there is no regulation, everything is legal. I thought that this was more or less the case in Belize. But apparently it is not like that.
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