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

[TMAN]

So swede/LC what's happening? No lies no promises, I would like to know what is happening. I don't care if the chips are frying, I don't care if they only last 4 days before turning into a kinder egg toy just tell us the situation.  You need to remember it is our funds who have got you here...... Good news or bad we deserve something.

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[237]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I think you should worry about running your own company. You made some bad decisions investing reserves (without motion) into Labcoin and Asicminer at their peaks and lost value. Also, not to mention that basic-mining share value has consistently been dropping for awhile. Posts like these make you look unprofessional/unethical.

He looks like that, because he is

[KSGuy]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I think you should worry about running your own company. You made some bad decisions investing reserves (without motion) into Labcoin and Asicminer at their peaks and lost value. Also, not to mention that basic-mining share value has consistently been dropping for awhile. Posts like these make you look unprofessional/unethical.

I was thinking the same..
This is the same stock that I should have sold at .6, but actually gave up on him at .1
huge loss

[Puppet]

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

$500+ per GH doesnt exactly sound like a steal either does it?

[TMAN]

Leave the creativex comments in his thread, I'm more concerned about the hash rate.. 

[sveetsnelda]

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

While your comments about Labcoin's behavior are correct, you're missing something here.

Did you make your own ASIC, or did you buy mining hardware from someone else?  (I already know the answer to this).  You're comparing apples to oranges.  Assuming we're not being lied to, Labcoin has intellectual property that has value.

Lastly, I don't understand how the market cap is so high for stocks like this.  I have as much hashing power as BASIC, but I paid 14 percent of the market cap.  I should apparently offload the ROI risk to everyone else and make more money in the process.  

[wickedgoodtrader]

Investors in this turd are like battered wives at this point.

Can't believe I've never seen this analogy before, but it's right on target.

[kleeck]

There is a clever little team calling themselves MoreThanLabcoin.

I would love to see them under LC.

[ShroomsKit]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

Damn, when the competition starts making these kind of posts you know the are doing really bad.

[Bitcycle]

So Labcoin is now a punchline to a joke.

Well done, fellows.

The strategy of silence has certainly restored your dignity.

[TheSwede75]

I just wanted to pop in and say that the times that Labcoin 'disappears' from the team ranking at BTCguild.com is due to variance in hash rate and possible software tweaking. The asset is hashing and more hash rate is scheduled to go online shortly. Personally I am working on finding the best possible exchange and method for transferring shares to another marketplace outside of BTCT.CO.

This is all the info I can provide right now, but essentially nothing has changed since the last update.

[Bitcycle]

I just wanted to pop in and say that the times that Labcoin 'disappears' from the team ranking at BTCguild.com is due to variance in hash rate and possible software tweaking. The asset is hashing and more hash rate is scheduled to go online shortly. Personally I am working on finding the best possible exchange and method for transferring shares to another marketplace outside of BTCT.CO.

This is all the info I can provide right now, but essentially nothing has changed since the last update.

It's not "tweaking" when the rate drops to less than 1/3rd.

[TheSwede75]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I would of course point out that Labcoin will be bringing more hash rate online through the week, months and coming months. The team is also working on choosing an exchange for share transfer.

[Bitcycle]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I would of course point out that Labcoin will be bringing more hash rate online through the week, months and coming months. The team is also working on choosing an exchange for share transfer.

You said that days ago, it hasn't happened.

Why don't you tell us what's really happening for a change?

The promises don't work.  Give us some reality.

[auto2nr1]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I would of course point out that Labcoin will be bringing more hash rate online through the week, months and coming months. The team is also working on choosing an exchange for share transfer.

Let's go with BitFunder. How soon can we make a decision and get listed on a new exchange?

[BitCsByBit]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I would of course point out that Labcoin will be bringing more hash rate online through the week, months and coming months. The team is also working on choosing an exchange for share transfer.

If you will listen to the shareholders input,  BitFunder is the preferred option due to the liquidity and the fees.

[Bitcycle]

BitFunder will result in the greatest share value. This is not a debatable point.

The only reason not to list on BitFunder would be because the team is unwilling and/or unable to meet the requirements Ukyo has for listing there.

That would be a VERY negative signal about the company.

[BitCsByBit]

This is the first time that TheSwede75 has posted and no shares were bought or sold immediately after. 

[sveetsnelda]

There is a clever little team calling themselves MoreThanLabcoin.

I would love to see them under LC.

Me too.  Hopefully it gives them a little motivation.   

[moribana]

I just wanted to pop in and say that the times that Labcoin 'disappears' from the team ranking at BTCguild.com is due to variance in hash rate and possible software tweaking. The asset is hashing and more hash rate is scheduled to go online shortly. Personally I am working on finding the best possible exchange and method for transferring shares to another marketplace outside of BTCT.CO.

This is all the info I can provide right now, but essentially nothing has changed since the last update.

Please at least let us know why you cannot disclose what exactly the problem is with your miners, why this delay is. Presenting a realistic story would immensely boost your credibility. Having no story means that people assume the worst case scenario.