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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1057862 times)
TMAN
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October 12, 2013, 08:54:23 PM
 #17261

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting for 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

What's hashing now then

#FREETMAN
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ishkur
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October 12, 2013, 08:57:39 PM
 #17262

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting to 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

Also how do you plan on paying dividends
labcoin
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October 12, 2013, 08:59:47 PM
 #17263

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting for 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

Good to see your back

Can you go into detail about how it was confiscated?

Transaction https://blockchain.info/pl/tx/3f22c73e677709ce39dfba1b23d6f5e1923238e7566d25dc806812af4e72856f never showed up on btct wallet.

http://labcoin.com - Proprietary ASIC technology
pedrog
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October 12, 2013, 09:02:03 PM
 #17264

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting to 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

Please hold dividends until the proper means of trading/owning shares is in place, and what solutions are you contemplating for this?

labcoin
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October 12, 2013, 09:05:41 PM
 #17265

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting to 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

Also how do you plan on paying dividends

If we are unable to find a suitable exchange this task will be executed manually, but we think the best solution would be to use a platform like what btct used to provide.

http://labcoin.com - Proprietary ASIC technology
dexX7
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October 12, 2013, 09:07:29 PM
 #17266

Where are you right now, Sam?

labcoin
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October 12, 2013, 09:09:00 PM
 #17267

Where are you right now, Sam?

I am in Italy at the moment.

http://labcoin.com - Proprietary ASIC technology
Duffer1
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October 12, 2013, 09:11:23 PM
 #17268

What is your association with BTCGarden?
labcoin
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October 12, 2013, 09:13:06 PM
 #17269

What is your association with BTCGarden?

I'd say, absolutely none. Why  are you asking so?

http://labcoin.com - Proprietary ASIC technology
hobbymd
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October 12, 2013, 09:13:59 PM
 #17270

uhmm....   another promise, I really hope you don't mess this one up for everybody's sake.
ishkur
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October 12, 2013, 09:14:34 PM
 #17271

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting to 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

Also how do you plan on paying dividends

If we are unable to find a suitable exchange this task will be executed manually, but we think the best solution would be to use a platform like what btct used to provide.

Can you start looking into 796.com or havelock?
Picostocks seems safe as well
Sou
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October 12, 2013, 09:15:57 PM
 #17272

@Labcoin post the BTC address that the company funds are in.
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October 12, 2013, 09:18:13 PM
 #17273

Very relieved you came back.  

If you could catch theseven up on everything and provide him proof of your identity,I think the shareholders would trust his word and would calm everybody down a lot.

Glad to hear the mining rigs are almost online!
Bitcycle
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October 12, 2013, 09:18:40 PM
 #17274


It's been 11 days since this list was posted.

Unfortunately, none of Sam's action items have been completed.

The list remains as it is.  I am including some suggestions added by the community, though it is important to note that these have not been agreed to by Mr. Noi.

NOTES FROM THE Q&A

INCLUDING A TO-DO LIST FOR SAMUELE NOI.

I am PMing a copy of this to-do list to the Labcoin account as a reminder of the action items from this session.

I am also asking Mr. Noi to inform us when these items are completed.

Actions for the next 24 hours.
  • Skype session with Ukyo regarding Bitfunder listing
  • Posting to the forum the amount of BTC left in the company funds.
  • Change pool to Eligius
  • Make the labcoin portfolio public on BTCT

Other actions to complete ASAP
  • Verification of ID.  A good start would be writing "I am Samuele Noi of Labcoin" and the date on a piece paper, and photograph yourself holding it.
  • Photos of the hosting facilities as well as the operational boards
  • Send a sample board to TheSeven.  This should be done immediately as the sooner he gets the board the sooner he can provide advice. Delays have a direct cost.
  • Exact power consumption figures for the chips/boards


Actions for the community to complete ASAP
  • Nominate a panel of community representatives to work closely with Samuele. This should be done immediately. We complain about delays from Sam, let's not do what we criticize him for.
- COMPLETED

Suggested additional items from the community
  • Meet with a shareholder in person in Shenzhen / Hong Kong. Lunch/coffee/tea meeting etc.  Merv77 has indicated that he will be in town and available Oct 23 - Nov 11. An in person meeting with a third party could soothe a lot of anxieties.
  • Provide a full accounting for all money spent so far.  A spreadsheet showing expenses and dates would be ideal.

THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED

Bitcycle
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October 12, 2013, 09:25:49 PM
 #17275

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting for 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

What's hashing now then

Nothing is hashing right now.

ishkur
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October 12, 2013, 09:27:15 PM
 #17276


It's been 11 days since this list was posted.

Unfortunately, none of Sam's action items have been completed.

The list remains as it is.  I am including some suggestions added by the community, though it is important to note that these have not been agreed to by Mr. Noi.

NOTES FROM THE Q&A

INCLUDING A TO-DO LIST FOR SAMUELE NOI.

I am PMing a copy of this to-do list to the Labcoin account as a reminder of the action items from this session.

I am also asking Mr. Noi to inform us when these items are completed.

Actions for the next 24 hours.
  • Skype session with Ukyo regarding Bitfunder listing
  • Posting to the forum the amount of BTC left in the company funds.
  • Change pool to Eligius
  • Make the labcoin portfolio public on BTCT

Other actions to complete ASAP
  • Verification of ID.  A good start would be writing "I am Samuele Noi of Labcoin" and the date on a piece paper, and photograph yourself holding it.
  • Photos of the hosting facilities as well as the operational boards
  • Send a sample board to TheSeven.  This should be done immediately as the sooner he gets the board the sooner he can provide advice. Delays have a direct cost.
  • Exact power consumption figures for the chips/boards


Actions for the community to complete ASAP
  • Nominate a panel of community representatives to work closely with Samuele. This should be done immediately. We complain about delays from Sam, let's not do what we criticize him for.
- COMPLETED

Suggested additional items from the community
  • Meet with a shareholder in person in Shenzhen / Hong Kong. Lunch/coffee/tea meeting etc.  Merv77 has indicated that he will be in town and available Oct 23 - Nov 11. An in person meeting with a third party could soothe a lot of anxieties.
  • Provide a full accounting for all money spent so far.  A spreadsheet showing expenses and dates would be ideal.

THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED



Please revise your list as some of it is irrelevant now.  Bitfunder is out of the picture
Bitcycle
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October 12, 2013, 09:29:02 PM
 #17277


Please revise your list as some of it is irrelevant now.  Bitfunder is out of the picture

I'll revise it based on his responses. In the meantime, Bitfunder is merely standing in for any other exchange, which should be an immediate priority.
BitSugar
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October 12, 2013, 09:30:54 PM
 #17278

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting to 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

Also how do you plan on paying dividends

If we are unable to find a suitable exchange this task will be executed manually, but we think the best solution would be to use a platform like what btct used to provide.

There is a Labcoin passthru on Havelock. https://www.havelockinvestments.com/fund.php?symbol=LABCO

Do you plan transferring all shares here asap? They should accept Labcoin as they already accepted the passthru. Thanks!
labcoin
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October 12, 2013, 09:36:18 PM
 #17279

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting to 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

Also how do you plan on paying dividends

If we are unable to find a suitable exchange this task will be executed manually, but we think the best solution would be to use a platform like what btct used to provide.

There is a Labcoin passthru on Havelock. https://www.havelockinvestments.com/fund.php?symbol=LABCO

Do you plan transferring all shares here asap? They should accept Labcoin as they already accepted the passthru. Thanks!

On the passthrough details it says Labcoin is not accepted at this moment, anyway i'm getting in touch with them as well.

http://labcoin.com - Proprietary ASIC technology
SebastianJu
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October 12, 2013, 09:40:45 PM
 #17280

Whats the status of the chip heat problem? Is it solved and whats the solution if its solved?

Can you give us the bitcoin address you mine into so that we can guess the hashrate?
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