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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042430 times)
girlfawkesy
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September 27, 2013, 09:40:08 PM
 #15401

another payment of .05 exactly 20 minutes after the last one. thats .41 in the past 50 minutes.
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1508799044
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KarmaShark
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September 27, 2013, 09:40:24 PM
 #15402

Someone likes what they see:



22:30 (B) 227 @ 0.00070000 LABCOIN
22:23 (B) 4000 @ 0.00068000 LABCOIN
22:23 (B) 2820 @ 0.00067100 LABCOIN
22:23 (B) 1641 @ 0.00067000 LABCOIN
22:23 (B) 3500 @ 0.00066990 LABCOIN
22:23 (B) 7511 @ 0.00066900 LABCOIN
22:23 (B) 288 @ 0.00066900 LABCOIN
22:23 (B) 2000 @ 0.00066000 LABCOIN
22:23 (B) 1 @ 0.00066000 LABCOIN
22:23 (B) 1337 @ 0.00064700 LABCOIN
22:23 (B) 2000 @ 0.00063240 LABCOIN
22:23 (B) 1079 @ 0.00063220 LABCOIN
22:23 (B) 20 @ 0.00063000 LABCOIN
22:23 (B) 2000 @ 0.00062550 LABCOIN
22:22 (B) 1800 @ 0.00062500 LABCOIN
22:22 (B) 1 @ 0.18980000 W4A-BOOK
22:20 (B) 200 @ 0.00062500 LABCOIN
22:20 (B) 3811 @ 0.00058180 LABCOIN
22:18 (B) 2000 @ 0.00056990 LABCOIN
22:18 (B) 2603 @ 0.00056980 LABCOIN
22:18 (B) 989 @ 0.00056000 LABCOIN
21:59 (B) 4000 @ 0.00051900 LABCOIN
21:48 (B) 228 @ 0.00051000 LABCOIN
21:48 (B) 605 @ 0.00050900 LABCOIN
21:48 (B) 1000 @ 0.00049990 LABCOIN
21:48 (B) 666 @ 0.00049900 LABCOIN

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superduh
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September 27, 2013, 09:42:09 PM
 #15403


my point was that the US does not have unilateral jurisdiction here.

Indeed not, it doesn't have jurisdiction anywhere except US territory. It has agreements with other nations.

In case you weren't aware the Chinese gov crack down VERY hard on corruption and fraud. One of their top 10 politicians is in jail right now due to corruption.

that is the biggest joke ever. "hard" "crackdown" for the papers maybe. the country is run by corrupt and crooked practices - i'm surprised you are not aware of that. there's 1 headline corruption case for every 100 corrupt people. you made me chuckle. people who are aware of china know that china is ok with corruption as long as it's on the hush hush

ok
minerpart
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IIIIII====II====IIIIII


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September 27, 2013, 09:42:59 PM
 #15404



1) SEC is only civil claims. doubt they would be able to even get an extradition for that. 2) 1 million scam is small compared to the shit tons of scams going on nonstop in this world 3) certain countries won't extradite their citizens to US for this kind of stuff, russia, china, many others 4) hopefully it wont have to come down to that 5) it's a mess regardless

My last post on this topic-

This is a new industry, this company had 5MILL in it not 1MILL, this type of 'early adopter fraud' will be used for a test case, to set a standard. This type of event is EXACTLY what the authorities will be looking for to set a line in the sand. This will be used as a warning for future operators.

If BTC is going to be as big as we all think then this sort of thing WILL be targetted. The US will not want another Mafia to grow up around the BTC world. Corruption, scamming, organised crime WILL NOT BE TOLERATED. It will be annihilated.
minerpart
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September 27, 2013, 09:44:29 PM
 #15405

that is the biggest joke ever. "hard" "crackdown" for the papers maybe. the country is run by corrupt and crooked practices - i'm surprised you are not aware of that. there's 1 headline corruption case for every 100 corrupt people. you made me chuckle. people who are aware of china know that china is ok with corruption as long as it's on the hush hush

One word - BTCGarden
creativex
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September 27, 2013, 09:48:19 PM
 #15406

If BTC is going to be as big as we all think then this sort of thing WILL be targetted. The US will not want another Mafia to grow up around the BTC world. Competition in corruption, scamming, organised crime WILL NOT BE TOLERATED. It will be usurped.

FTFY

TsuyokuNaritai
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September 27, 2013, 09:48:58 PM
 #15407

[22:45] <StalkBot> Estimated hashrate between the last 4 deposits [3031.31 GH/sec]
[22:45] <StalkBot> Mining 0.41451209 over 1 hour, 1 second at 148819200 difficulty
[22:45] <StalkBot> Team 'labcoin' not in the top 25 at BTCGuild page -> http://tinyurl.com/k7357rj

Thoughts?

zumzero
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September 27, 2013, 09:50:25 PM
 #15408

So we are all in agreement that LC is indeed  a scam, and that legal proceedings are a possibility for those involved.

But what I'd like to know is what will happen over the next couple of days and weeks for those whale shareholders with over 100,000 shares each.

Are they likely to hope that they don't lose the lot if btct.co closes its doors and they still haven't sold up?  Surely that is an inordinate risk.

Will they leave it until the last minute to sell?  This would be akin to financial suicide though as the share price would be driven down with the panic.

One thing's for sure, there are quite a few of them left holding and it's only a matter of time until they play their hands.  

It's going to become very interesting, very soon.



LOL.

How low is your bid?

very

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Bitcoin game where you can earn up to 220% on each planted garden!
moneymanagment
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September 27, 2013, 09:50:58 PM
 #15409

If this goes to charges filed the only person id like to see get fucked is the swede75 who ever the fuck he/she is?

MICROMONEYTOKEN CROWDSALE - 18TH of OCTOBER 2017
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ishkur
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September 27, 2013, 09:51:58 PM
 #15410

[22:45] <StalkBot> Estimated hashrate between the last 4 deposits [3031.31 GH/sec]
[22:45] <StalkBot> Mining 0.41451209 over 1 hour, 1 second at 148819200 difficulty
[22:45] <StalkBot> Team 'labcoin' not in the top 25 at BTCGuild page -> http://tinyurl.com/k7357rj

Thoughts?

They are all probably mining solo to test stability.  I'd assume after a day they would rejoin the labcoin team name.

Maybe they finally sorted out the issues

auto2nr1
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September 27, 2013, 09:55:05 PM
 #15411

[22:45] <StalkBot> Estimated hashrate between the last 4 deposits [3031.31 GH/sec]
[22:45] <StalkBot> Mining 0.41451209 over 1 hour, 1 second at 148819200 difficulty
[22:45] <StalkBot> Team 'labcoin' not in the top 25 at BTCGuild page -> http://tinyurl.com/k7357rj

Thoughts?

Maybe it could be any of of the miners in the User Ranking?
Bitcycle
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September 27, 2013, 10:05:11 PM
 #15412


Great time to unload your shares if you believe it's a scam.

If it's a scam, it's never going to be this high again.

If it's a scam.
MikeyVeez
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September 27, 2013, 10:05:59 PM
 #15413

[22:45] <StalkBot> Estimated hashrate between the last 4 deposits [3031.31 GH/sec]
[22:45] <StalkBot> Mining 0.41451209 over 1 hour, 1 second at 148819200 difficulty
[22:45] <StalkBot> Team 'labcoin' not in the top 25 at BTCGuild page -> http://tinyurl.com/k7357rj

Thoughts?

Maybe it could be any of of the miners in the User Ranking?

They are still getting .05 every hour which is half of their 800gh/sec everything else is noise until they start getting those numbers every hour.
KarmaShark
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September 27, 2013, 10:08:20 PM
 #15414


Great time to unload your shares if you believe it's a scam.

If it's a scam, it's never going to be this high again.

If it's a scam.


Well said.


If this is a scam this is one of your last chances to dump for any value.


If this is not a scam, you have been presented with a rare opportunity to own a % of a mining company on ze cheap.

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kingcrimson
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September 27, 2013, 10:11:52 PM
 #15415


Great time to unload your shares if you believe it's a scam.

If it's a scam, it's never going to be this high again.

If it's a scam.


Well said.


If this is a scam this is one of your last chances to dump for any value.


If this is not a scam, you have been presented with a rare opportunity to own a % of a mining company on ze cheap.

It is gambling at this point, none of us have any more info than anyone else.
zumzero
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September 27, 2013, 10:13:57 PM
 #15416

How could it possibly be a scam?

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ewibit
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September 27, 2013, 10:14:58 PM
 #15417

They are still getting .05 every hour which is half of their 800gh/sec everything else is noise until they start getting those numbers every hour.
and it was 0.15...
Puppet
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September 27, 2013, 10:18:08 PM
 #15418

My last post on this topic-

This is a new industry, this company had 5MILL in it not 1MILL, this type of 'early adopter fraud' will be used for a test case, to set a standard. This type of event is EXACTLY what the authorities will be looking for to set a line in the sand. This will be used as a warning for future operators.

I tend to agree. This isnt so much about labcoin specifically as it is about "bitcoin stocks" in general. Its only a matter of time before the SEC and other authorities will set the record straight on what is and what isnt allowed. Burnside made it clear he considers himself in serious trouble, and I wouldnt be surprised if his asicminer PT is causing him more trouble even than btcst itselve.  He advised everyone else involved in these assets to seek legal counsel.  No one seems to be taking that seriously and everyone is just worried about liquidity, stock prices and what exchange to move to next.

Big mistake IMO.
zumzero
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myBitcoin.Garden


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September 27, 2013, 10:36:17 PM
 #15419

Perfect time to sell and make a quick buck as the price should now start to come down again after the pump...

https://mybitcoin.garden
Bitcoin game where you can earn up to 220% on each planted garden!
Mabsark
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September 27, 2013, 10:39:07 PM
 #15420

[22:45] <StalkBot> Estimated hashrate between the last 4 deposits [3031.31 GH/sec]
[22:45] <StalkBot> Mining 0.41451209 over 1 hour, 1 second at 148819200 difficulty
[22:45] <StalkBot> Team 'labcoin' not in the top 25 at BTCGuild page -> http://tinyurl.com/k7357rj

Thoughts?

Maybe it could be any of of the miners in the User Ranking?

They are still getting .05 every hour which is half of their 800gh/sec everything else is noise until they start getting those numbers every hour.

BTC/day can be calculated in the following manner:

BTC/day = 86,400 * 25 * MHR / (D * 2^32)

where MHR is the miner's hash rate and D is the difficulty.

Labcoin have got 5.20656058 BTC over about 3 1/3 days since the dividend, giving around 1.57774563 BTC/day. This gives a hash rate of about:

BTC = 86400 * 25 * MHR / (D * 2^32)
D * 2^32 * BTC / (86400 * 25) = MHR
148819200 * 2^32 * 1.57774563 / (86400 * 25) = 467 Gh/s
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