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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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dhenson
Legendary
 Offline
Activity: 994
Merit: 1000
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September 29, 2013, 03:29:02 AM |
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They don't have any technical expertise left. Hash rate won't be increasing any time soon. |
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TsuyokuNaritai
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September 29, 2013, 03:33:05 AM |
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They don't have any technical expertise left. Hash rate won't be increasing any time soon. [04:22] <StalkBot> [ Estimated hashrate between the last 2 deposits <12557.24 GH/sec> ]
[04:22] <StalkBot> [ Mining 0.85784594 over 29 minutes, 59 seconds at 148819200 difficulty ] Probably just accumulated over the day. (I doubt they've suddenly got 12.5 TH/sec, though that would be fun  ) |
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velacreations
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September 29, 2013, 03:34:16 AM |
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They don't have any technical expertise left. Hash rate won't be increasing any time soon.
they put a job out on oDesk, so we should see something soon... |
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Bitcycle
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September 29, 2013, 03:34:48 AM |
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Sam as much as said the rate won't be going up any time soon.
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TsuyokuNaritai
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September 29, 2013, 03:36:52 AM |
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Sam as much as said the rate won't be going up any time soon.
He did? That settles it!  (We know how accurate his hashrate predictions are.) |
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dwdoc
Legendary
Offline
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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September 29, 2013, 03:44:36 AM |
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I get ~2.1btc per day so looks like they are back to ~600 GH/s hashrate.  |
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JohnyBigs
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September 29, 2013, 03:56:32 AM |
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Nothing is going up. They shipped out their boards and chips to a 3rd party and hopefully they get them working. The earliest to see any hashrate increase is OCTOBER 15TH, until then they will only have 300-400GH/sec.
So if they aren't delayed again which we know they will be, because they suck, they might have an increase of hashrate in Early December. So take your chances with the exchange closing down, and nothing until the 15th, if anything.
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Sou
Full Member
Offline
Activity: 210
Merit: 100
(Bitcoin related text here)
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September 29, 2013, 03:59:03 AM |
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So....that's like 2 weeks then?
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JohnyBigs
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September 29, 2013, 04:00:57 AM |
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So....that's like 2 weeks then?
yeah, if they don't miss the deadline lol, the situation is pretty bad. Their lead engineer Howard has left since over a month, they have no hardware guy at all. They are no relying on outside 3rd parties. That's a recipe for disaster. |
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ishkur
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September 29, 2013, 04:02:14 AM |
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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. |
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JohnyBigs
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September 29, 2013, 04:03:33 AM |
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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. He meant coming months, since they have nothing now, waiting on a 3rd party to fix everything lol. The dump this thing is going to take the last few days before the exchange closes is going to be epic. |
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dhenson
Legendary
Offline
Activity: 994
Merit: 1000
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September 29, 2013, 04:04:50 AM |
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Nothing is going up. They shipped out their boards and chips to a 3rd party and hopefully they get them working. The earliest to see any hashrate increase is OCTOBER 15TH, until then they will only have 300-400GH/sec.
So if they aren't delayed again which we know they will be, because they suck, they might have an increase of hashrate in Early December. So take your chances with the exchange closing down, and nothing until the 15th, if anything.
I'm really looking forward to the IRC chat tomorrow. I honestly would like to get some of this cleared up. I would love for this company to be legit but I just don't see that being the case. There have been so many lies and missed deadlines and mysterious quitting employees, I really don't see how Sam is going to pull this off. I mean, the entire team is either no longer involved with the company or claims to be completely in the dark. What am I saying... it's going to be a blood bath. |
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JohnyBigs
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September 29, 2013, 04:05:55 AM |
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Nothing is going up. They shipped out their boards and chips to a 3rd party and hopefully they get them working. The earliest to see any hashrate increase is OCTOBER 15TH, until then they will only have 300-400GH/sec.
So if they aren't delayed again which we know they will be, because they suck, they might have an increase of hashrate in Early December. So take your chances with the exchange closing down, and nothing until the 15th, if anything.
I'm really looking forward to the IRC chat tomorrow. I honestly would like to get some of this cleared up. I would love for this company to be legit but I just don't see that being the case. There have been so many lies and missed deadlines and mysterious quitting employees, I really don't see how Sam is going to pull this off. I mean, the entire team is either no longer involved with the company or claims to be completely in the dark. What am I saying... it's going to be a blood bath. Yeah it's pretty bad they have no Team. The people who are supposed to be involved either left or know nothing. |
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VolanicEruptor
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September 29, 2013, 04:07:52 AM |
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A proper Q/A session will be held tomorrow on irc to clear all questions. I will give here notice of the starting time.
Gave you a negative trust rating. I promise to remove this soon.  |
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kingcrimson
Legendary
Offline
Activity: 1025
Merit: 1000
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September 29, 2013, 04:08:59 AM |
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Sam=Alberto. They aren't getting on bitfunder because he has no way of showing identification without being exposed.
Remember his vaporware company also involved technical engineering of tablets, and they ended up making trash. You can't outsource this sort of stuff to people on odesk.
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JohnyBigs
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September 29, 2013, 04:14:18 AM |
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Sam=Alberto. They aren't getting on bitfunder because he has no way of showing identification without being exposed.
Remember his vaporware company also involved technical engineering of tablets, and they ended up making trash. You can't outsource this sort of stuff to people on odesk.
Yeah that's just crazy, these guys are dead in the water. I'm sure Howard left for a reason, because it's probably a complete failure. Hi, I'm Howard instead of making LabCoin a success and make millions of dollars, I will leave and do research for free. Clearly he saw that it wasn't going to work. Where is the Odesk link? |
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ishkur
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September 29, 2013, 04:20:48 AM |
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Price slowly coming back down
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JohnyBigs
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September 29, 2013, 04:21:39 AM |
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Look at this scam: https://www.odesk.com/o/jobs/job/_~~0004f9d9a9eea142/Job Description I need to build a simple website, showing fixed time of extractions and winning numbers gathered from another website. I need the design to be professionally crafted. The work requires minimal database programming and javascript /ajax skills to be done. The Location was posted as Italy, so for Tatti to claim he has no knowledge of Labcoin, is complete BS, this thing was posted Aug 2012. Fishy Fishy like everything Labcoin related |
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kingcrimson
Legendary
Offline
Activity: 1025
Merit: 1000
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September 29, 2013, 04:22:52 AM |
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The other question is, why would they sell 1 million shares, at these prices?
If they are so certain they will be hashing in October, those shares would be worth exponentially more if they just waited two weeks.
If they needed funds to pay staff, that means the entire 7000 btc pool was spent.
Lose-lose situation
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