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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041590 times)
BitThink
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September 27, 2013, 05:34:28 AM
 #14921

The real panic now begins. The price has dipped below IPO price, if any of the big wales with +500K shares wants a quick exit there will be blood.

500K -> 0.00025 for around 270BTC, that's 0.00054 per share. A big whale normally will not do this silly thing to halve his wealth in one second.
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BitThink
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September 27, 2013, 05:37:56 AM
 #14922

They keep silent because there's no good news to post, or they want to buy back all their shares at 0.0001. Smiley
BitThink
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September 27, 2013, 05:44:37 AM
 #14923

(Yawn) Morning everyone.

It's good to see Labcoin hashing again but judging from the recent line of payments, it's less then what was promised however it's a start (I guess - personally an optimistic view). They are getting paid every hour (or so) BTC0.5, if you look at their payments before they ceased (skipping the incoming payments from 'other sources') we can see that they get paid BTC1.5 every two or three hours. So, if I'm not mistaken, the current line of payments would suggest that their hashrates would be 'somewhat' and I quote somewhat for a reason, similar if not less then before.

I would like to see however, labcoin see to it personally that we reach a certain quota of their promised hashrate soon, not because it'll impact the share prices but because of their rapidly decreasing reputation is on the line. Reaching a certain quota say 20% or 40% of their promised hashrate before the week ends proves to their stakeholders that they are working as hard as they can to restore the lost trust in them. It would also prove many things; one of which would be the fact that they're working on providing a sound solution to their current 'problems' (stability). While 20% or 40% of their promised hashrate may not be anywhere near enough, it'll be a good start for restoring consumer confidence (not every stakeholder is as negative as you think, showing signs of improvement isn't a bad way to start either).

That ofcourse, included that you (labcoin) somehow work out a means of communication with your current stakeholder or PR regarding what issues you are arising and how you are going abouts to fix it, this wouldn't be soo bad on your stakeholders confidence. This may or may not seem like a good idea to some people but maybe, starting a twitter account (yes, this site is blocked in china but assuming you use a VPN - I'm sure you can bypass it) and posting constant updates of your current situation may improve whatnot, not everything has to be made complicated via a third party.

Constant was bold-ed for a reason, if there are constant updates - the amount of people doubting your level of dedication to resolving the issues and getting the operation to a new level would significantly decrease, this would be one of many ways to decrease the mistrust some investors have right now in the company.

Hurray for an essay early in the morning!
Note: Obviously is my favourite word and I'm sure most of you recognise that from my previous line of comments, got a problem (?) Cool

.05 every hour not .5
My bad, fixed (Wow, extremely less then before). Though, the rest of my comment stands - it would absolutely benefit both parties if they work out a sound solution in communication with both stakeholders and PR, even if it's just 'Hi guys, we're working on fixing a problem right now' - atleast, it'll give a slight indication the team is trying to fix something. Communication is vital to the success of any company.

Sadly they seem to dig themselves deeper every post they make.

Actually,  maybe they really do not care about the current share price. Before the stock is relisted, their income is completely from the dividend, which has nothing to do with the share price. If share price drops to 0.0001, they can buy all shares back with 1/10 IPO money.

That's why I insist don't sell shares because you hate them. Selling shares does not hurt them but ourselves. We only sell when we are sure the stock is overpriced, not because we want to punish someone or we hate someone.
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September 27, 2013, 05:46:36 AM
 #14924

Now that all the scared children have run for the hills with there losses we can finally really trade without the minipulator and day traders who've gotten screwed. Now it actually a investment. Watch the price rise into the morning mark my words

Why would the price rise?

went from 800GH to 0-300GH
Howard the main engineer, is gone and is not even in China anymore: http://www.linkedin.com/in/howardwangzhenhua
Swede and Same making bullshit deadlines that they always miss.



someone send him a message asking what's up

^^^
JohnyBigs
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September 27, 2013, 05:49:00 AM
 #14925

Guys we just want to update that we are getting .05BTC every couple of hours which gives us about 10GH/sec, and our engineer is missing on a different continent, if you haven't sold by now, all i can say is Lols
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September 27, 2013, 05:52:00 AM
 #14926

Guys we just want to update that we are getting .05BTC every couple of hours which gives us about 10GH/sec, and our engineer is missing on a different continent, if you haven't sold by now, all i can say is Lols

I was sure you and dhenson were holding until 0.

What changed?
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September 27, 2013, 05:53:22 AM
 #14927

UPDATE:

1. 800GH to 0GH, they are not mining anymore.
2. Howard, the main engineer stopped working in China in August, and is now in America
3. GG
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September 27, 2013, 06:10:49 AM
 #14928

Labcoin has had a catastrophic failure. They had 800GH running for days, Sam said it should be back in an hour, the fact that its been almost a day is scary. Something big happened to be offline for this long. They probably have a 99% fail rate on the chips, there goes 100, 000k chips down the tiolet.

And Sam or Swede please do explain wtf HOWARD IS DOING IN AMERICA.
physalis
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September 27, 2013, 06:19:11 AM
 #14929

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

I'll take that bet for fun and 0.5 BTC.
Last trade 24h from my post decides. Ok?
Deal.

Uhm, just to be clear, you are saying it will go under .0001? After your last post I think you mean it the other way. I'm not betting that it will go under .0001, I'm saying it stays above that.
BitCsByBit
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September 27, 2013, 06:32:07 AM
 #14930

Last price 0.000666   Grin

Edit: 40000 shares sold.

Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
alphaking
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September 27, 2013, 06:33:00 AM
 #14931

To Swede and labcoin: Can you be responsible for your shareholders?

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September 27, 2013, 06:35:54 AM
 #14932

I think things will calm down after the panic sell.

Given the (non) current hashrate, I think 0.00025-30 will be a good price for the asset until recovery is made possible by a "miracle"... if the exchange has not shutdown before, and god knows how the transfer or direct shares will be handled.

tl;dr: sell while it's still worth something...
AngelSky
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September 27, 2013, 06:45:57 AM
 #14933

☣ LABCOIN ☣

To the moon!




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zumzero
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September 27, 2013, 06:48:13 AM
 #14934

How do the bagholders feel now that they realize everything us "fudsters" have been trying to tell them was spot on. I would feel like a complete dumbass to tell you the truth.

Yeah, shame really.  I risked and damaged my reputation on these forums by pressing the issue.  

The irony is, I was doing it for the very people who probably ignored me and I have never owned any LC shares.  A scam is a scam is a scam.

Oh well.

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HorseRider
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September 27, 2013, 06:53:04 AM
 #14935

I think things will calm down after the panic sell.

Given the (non) current hashrate, I think 0.00025-30 will be a good price for the asset until recovery is made possible by a "miracle"... if the exchange has not shutdown before, and god knows how the transfer or direct shares will be handled.

tl;dr: sell while it's still worth something...

then, the PSU on their Avalons broken.....

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
HorseRider
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September 27, 2013, 06:55:58 AM
 #14936

I find the Labcoin show a little bit boring recently.

It there anyone who want to manipulate Labcoin stock price for another time? I have control over a large farm, if anyone is interested in faking "Labcoin mines!" pump, please PM me your offer. You have to pay the service fee first Grin

Claim: I don't own any interest in Labcoin.

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
dhenson
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September 27, 2013, 06:56:08 AM
 #14937

I don't believe it's a scam.  I think Sam has simply had enough with this forum and has decided to take the friedcat approach of letting the performance do the talking.  Unfortunately for him (and us), the message the performance is relaying isn't currently all that positive.

Once they get their issues worked out we will see solid consistent gains.
AngelSky
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September 27, 2013, 06:58:28 AM
 #14938

We're currently averaging about 2 TH/s in solo mode, and expect to deploy at least 4 TH by monday 16, to reach gradually 50 TH within October.

Not really a drop to 2 TH, this is roughly the speed we're mining at now, it will reach 4 TH next monday.

We are indeed mining

 Grin Grin Grin Grin Grin Grin Grin

INDEED.

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September 27, 2013, 07:01:14 AM
 #14939

I don't believe it's a scam.  I think Sam has simply had enough with this forum and has decided to take the friedcat approach of letting the performance do the talking.  Unfortunately for him (and us), the message the performance is relaying isn't currently all that positive.

Once they get their issues worked out we will see solid consistent gains.


I tell you the truth, their package cannot handle the heat disperse needed on the die.

Advertise again, anyone is interested in dump Labcoin and in need of hashing power, please PM me and I can point some hash rate according to your order.

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
AngelSky
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September 27, 2013, 07:02:37 AM
 #14940

I don't believe it's a scam.  I think Sam has simply had enough with this forum and has decided to take the friedcat approach of letting the performance do the talking.  Unfortunately for him (and us), the message the performance is relaying isn't currently all that positive.

Once they get their issues worked out we will see solid consistent gains.


I tell you the truth, their package cannot handle the heat disperse needed on the die.

Not too much truth, you'll be added to the official ignore list of these guys.

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Anonymity Fair Play Cryptocurrency New Platforms
А platform that will change the world of poker!
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  ♠    ♦    ♣      JOIN US!
ICO Starts: Oct 26th 2017 
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