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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1040972 times)
VolanicEruptor
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October 13, 2013, 05:42:57 AM
 #17321

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.

Someone should start a bet..

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alphaking
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October 13, 2013, 06:07:09 AM
 #17322

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.

Deadline again. hmm
Zubilica
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October 13, 2013, 08:47:50 AM
 #17323

back to production ?

julz
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October 13, 2013, 09:27:13 AM
 #17324

-H.Z. Wang has verified to us that Labcoin never took receipt of his finished chip design.  Who's gear are you hashing with?  

- Someone else completed his work. We are hashing with our own gear.

"Completed". Aha. That implies that you actually got any results of his work, which he says you didn't. If you did, please also pay him appropriately. 10btc is a joke.

-Why has 65nm development been suspended?

- Resources are used according to priorities. Development will restart next week.

So who's going to do this? Are you still counting on me to do any work for you?

-Why do you refuse to properly identify (video skype) yourself?  Video chat with TheSeven right now.  Prove you are who you say you are.

- My identity will be proven upon a meeting with someone nominated as a community representative when we open our mining facility.

Why do you refuse to even tell people who's actually involved with the project, and what your real identity is?
That is something that you should really publish here ASAP.
Your answer suggests that you're just trying to buy more time before people figure out who you really are. (Alberto?)

-What's the fund address?  Show us the money.

- I need to shuffle funds located in different wallets  for which i don't have control now.

Whatever that means...

-We're down to 10TH now?!  What happened to 50?

- We are not down to 10 TH, this is the first batch total hashing power.

You previously said that you're going to deploy 20 TH/s by the 15th. That's now down to 3 TH/s in your previous announcement.


Also, I hereby publicly request that you take down any web site or shareholder information that mentions my name. I already asked you to do that privately weeks ago, but you just ignored it. Please remember that you never had my consent to abuse my name and reputation in such a way.

Weeks ago eh. Would have been nice to have seen a public statement from you on this. Sadly your name had been used to bring credibility to this project - and I think your apparent silence means some stain has rubbed off on you.
Perhaps I missed something from you in the ridiculous number of pages in this thread.. but I don't see any statements from you in your post history.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
VolanicEruptor
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October 13, 2013, 09:27:28 AM
 #17325

sounds like he's trying to buy himself more time..

drawingthesun
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October 13, 2013, 10:10:26 AM
 #17326

Weeks ago eh. Would have been nice to have seen a public statement from you on this. Sadly your name had been used to bring credibility to this project - and I think your apparent silence means some stain has rubbed off on you.
Perhaps I missed something from you in the ridiculous number of pages in this thread.. but I don't see any statements from you in your post history.

Many people bought because of his name being attached, to be honest his reputation deserves to be tarnished as he left it this long to come out about it.
TMAN
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October 13, 2013, 10:48:47 AM
 #17327

sounds like he's trying to buy himself more time..

But he had till the 15th
VolanicEruptor
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October 13, 2013, 10:58:04 AM
 #17328

sounds like he's trying to buy himself more time..

But he had till the 15th

you act like this is the first deadline he has had.. what makes you think he's going to live up to his word this time? 

TMAN
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October 13, 2013, 11:00:01 AM
 #17329

sounds like he's trying to buy himself more time..

But he had till the 15th

you act like this is the first deadline he has had.. what makes you think he's going to live up to his word this time? 

No you misunderstood, he had till the 15th, everyone was chilled waiting for the next news or bust... I can't understand why he would bring it forward. Why would he do that? I can't work it out
Bitcycle
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October 13, 2013, 11:07:58 AM
 #17330

The questions aren't going to go away, Sam.

It's clear you're hoping you can ignore them and if you can get hashing going you think people will stop asking.

It's not going to work that way.

You're never going to get listed on an exchange while you don't answer these questions.  You're throwing away literally millions of dollars because you won't provide a few simple answers.

Not to mention people will continue their own investigations in the meantime. You're just making things worse by not answering.

Who controls the wallets, Sam?  

What's the remaining balance, Sam?

Why won't you prove your identity, Sam?

These questions are going to be answered.  You should answer them yourself.

Why are you so unwilling to provide information? What are you hiding?

bitwhizz
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October 13, 2013, 12:30:08 PM
 #17331

how do we know 'Sam' hasn't got a shit load of KNC miners, they have started shipping out now

WHy can't we see photos of the hardware,

photos of the chips

Photos of samuel noi

ANY evidence but empty words and promises
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October 13, 2013, 12:42:35 PM
 #17332

The questions aren't going to go away, Sam.

It's clear you're hoping you can ignore them and if you can get hashing going you think people will stop asking.

It's not going to work that way.

You're never going to get listed on an exchange while you don't answer these questions.  You're throwing away literally millions of dollars because you won't provide a few simple answers.

Not to mention people will continue their own investigations in the meantime. You're just making things worse by not answering.

Who controls the wallets, Sam?  

What's the remaining balance, Sam?

Why won't you prove your identity, Sam?

These questions are going to be answered.  You should answer them yourself.

Why are you so unwilling to provide information? What are you hiding?



AND, AND....

Where are the miners hosted..? (country, city, town, street number and address)

When is 'Sam' in China, Shenzhen...? (you mention 10 days I think in last IRC chat)

Could you physically meet someone..? (me and anyone else who wants to join in)

Could we/someone see the mining hardware..?  (doesn't matter how it looks, good or bad)

This shouldn't scare you, you never know we could all be friends and we could even help.
bitmoon
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October 13, 2013, 01:30:59 PM
 #17333

hi

i deleted, it sounds like rant and big wall, and i got bored .

labcoin, you dont look like seroius to find exchange, your whole trip thing, i got no clue if u r on business travel or having fun.

you slept thro whole mess from bitcointalk shutdown and u post nothing on btct to assure as.

theswede is also disappointed in u, read his last postings
Bitcycle
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October 13, 2013, 01:44:30 PM
 #17334


Sam, if you're worried about your reputation (and you should be, it's at the bottom of a deep well right now), it's simple to fix it.

Do one thing you say you're going to do.

Just one.

One.

E.Sam
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October 13, 2013, 01:45:48 PM
 #17335

Hey Sam, since you're online, could you clarify this?

first batch hashing power: 10TH/s
By Monday 14th: 3Th/s deployed
By Saturday 19th: 5TH/s deployed
By Saturday 19th: full hashing speed

So which one is it? by the 19th we'll have 5TH/s or full hashing speed amounting to 10TH/s?

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.

Bitcycle
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October 13, 2013, 01:46:21 PM
 #17336

This list isn't going away.

These are things YOU said you'd do, Samuele Noi.

Why have you not done them?

Is your word completely worthless?




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


Do you not plan to do these things that you promised to do?  Why not?


bitmoon
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October 13, 2013, 01:53:39 PM
 #17337

labcoin, i think you should sell your company to btcgarden, give them all your asset, cuase i wished now u fail before ipo and btcgarden florish.
ShroomsKit
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October 13, 2013, 01:57:42 PM
 #17338

This list isn't going away.

These are things YOU said you'd do, Samuele Noi.

Why have you not done them?

Is your word completely worthless?




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


Do you not plan to do these things that you promised to do?  Why not?



I don't mean it in a bad way, i'm just wondering if you are autistic or something. It would explain things.

Its price is not a very relevant factor in its adoption....
alphaking
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October 13, 2013, 01:58:40 PM
 #17339

Hi guys,

There is a weibo about labcoin listing from someone who comes from 796:
"
今天我们有收到Labcoin股票关于希望在796流通的邮件,邮件中询问上市要求与费用并且提到他们已经公告会在这周内布署大量算力,需要一个可靠的平台来管理分红。对于Labcoin股票在796交易所的流通我们正在研究之中,我们也希望收到些好的建议,谢谢!
"
You may use google translator to check it out.

As a bagholder, I think this probably is a good news. FYI.
E.Sam
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October 13, 2013, 02:00:50 PM
 #17340

Hi guys,

There is a weibo about labcoin listing from someone who comes from 796:
"
今天我们有收到Labcoin股票关于希望在796流通的邮件,邮件中询问上市要求与费用并且提到他们已经公告会在这周内布署大量算力,需要一个可靠的平台来管理分红。对于Labcoin股票在796交易所的流通我们正在研究之中,我们也希望收到些好的建议,谢谢!
"
You may use google translator to check it out.

As a bagholder, I think this probably is a good news. FYI.


"Today we have received Labcoin about hope in the 796 stocks in circulation mail message asking listing requirements and fees and mentioned that they had notice will deploy a large number of operators during this week forces need a reliable platform to manage the dividends. For Labcoin stock exchange in the circulation of 796 we are studying, we also would like to receive some good advice, thank you!"

Well, I hope they don't find this thread....

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