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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
Bitcycle
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October 15, 2013, 05:49:46 PM
 #17501

The fun part will be how all those yelling Scam! Scam! will vanish entirely, never once admitting they were flat out wrong.

On the other hand, we still need answers to our questions.  How much money is left?  Where is it?  

If there's no gen 2 because Sam's spent too much on gen 1 (which I strongly suspect is true), then this will be a short-lived, very minor success.
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Squirrel Dearing
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October 15, 2013, 05:51:18 PM
 #17502

lets not get too cocky guys. maybe when he finally hits 10TH we can start to smile a little
+1

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SebastianJu
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October 15, 2013, 05:52:29 PM
 #17503

lets not get too cocky guys. maybe when he finally hits 10TH we can start to smile a little

Even then i wont be happy since that still can be faked. He had enough bitcoins to buy a big chunk of knc jupiter that he now could assemble. The time when i will be happy will be when i believe that the Hashrate cant be faked anymore.
pedrog
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October 15, 2013, 05:53:00 PM
 #17504

lets not get too cocky guys. maybe when he finally hits 10TH we can start to smile a little
+1

+2

ishkur
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October 15, 2013, 05:53:16 PM
 #17505

lets not get too cocky guys. maybe when he finally hits 10TH we can start to smile a little

Your correct.  

We are still way behind on hashrate...we should be at 50TH I believe or close to end of month, but things are slowly moving into the right direction
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October 15, 2013, 05:53:41 PM
 #17506

lets not get too cocky guys. maybe when he finally hits 10TH we can start to smile a little

Even then i wont be happy since that still can be faked. He had enough bitcoins to buy a big chunk of knc jupiter that he now could assemble. The time when i will be happy will be when i believe that the Hashrate cant be faked anymore.

Again this is bad logic. Why would he do this now, when he could have done this months ago to fake it.
girlfawkesy
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October 15, 2013, 05:56:58 PM
 #17507

Id just like to point out that I suggested you all put down your pitchforks weeks ago. Glad I have 10k shares still.
Bitcycle
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October 15, 2013, 05:58:45 PM
 #17508

Id just like to point out that I suggested you all put down your pitchforks weeks ago. Glad I have 10k shares still.

Sam still deserves some pitchforking. He's done an awful job.  A minor success doesn't erase all that.
Squirrel Dearing
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October 15, 2013, 06:00:12 PM
 #17509

Sam still deserves some pitchforking. He's done an awful job.  A minor success doesn't erase all that.

+1

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aI
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crumbs
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October 15, 2013, 06:04:03 PM
 #17510

lets not get too cocky guys. maybe when he finally hits 10TH we can start to smile a little

Even then i wont be happy since that still can be faked. He had enough bitcoins to buy a big chunk of knc jupiter that he now could assemble. The time when i will be happy will be when i believe that the Hashrate cant be faked anymore.

Again this is bad logic. Why would he do this now, when he could have done this months ago to fake it.

If the "a scammer wouldn't do X" logic worked, the simplest way to scam would be to do X.  Sure, he already has your coin, now he's just playing you 4 teh lulz.
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October 15, 2013, 06:13:22 PM
 #17511

ANd here comes an announcement!

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Rulother
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October 15, 2013, 06:15:03 PM
 #17512

We did hit 3TH/s for a brief moment there. Small victory.

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October 15, 2013, 06:15:08 PM
 #17513

it's blowing

ok
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October 15, 2013, 06:19:11 PM
 #17514

Yay go labcoin Smiley

฿Allaboutbit ฿฿Cludcoin ฿[/color]
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October 15, 2013, 06:24:03 PM
 #17515

ANd still not a single picture of their miners let alone some ID of "sam".

Are you guys seriously believing they just brought 1000 of their "invisible-chips-that-no-one-designed-or-taped-out" online in a few minutes?

Or are you just excited that a 7000 BTC IPO might have bought 150 BTC worth of KnC gear?
VolanicEruptor
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October 15, 2013, 06:37:26 PM
 #17516

can someone post the link to check the hash rate?

auto2nr1
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October 15, 2013, 06:37:42 PM
 #17517

http://eligius.st/~wizkid057/newstats/userstats.php/17psAW21J4twanAFWmbcd5WdX2pKeX3trm
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October 15, 2013, 06:44:26 PM
 #17518

lets not get too cocky guys. maybe when he finally hits 10TH we can start to smile a little

Even then i wont be happy since that still can be faked. He had enough bitcoins to buy a big chunk of knc jupiter that he now could assemble. The time when i will be happy will be when i believe that the Hashrate cant be faked anymore.

Again this is bad logic. Why would he do this now, when he could have done this months ago to fake it.

Dont get me wrong. I want labcoin to succeed since im a not small "bagholder". I couldnt sell it without realizing a huge loss so i rather let it invested to gamble. Of course i want it to succeed.

Im simply not so sure anymore. A theory might be that Sam bought 6 knc jupiter for 300btc only. I know that knc delivered many miners in the last days since i did a not small amount of escrows for those miners. So even though they could have run already... they now have some more miners and they have a good amount of shares left. Getting on cryptoxchange and selling all those shares for a reasonable shareprice "might" be the last part of a scam.

So no, im not convinced yet. It still can be faked.

And yes, i want my shares to be worth much. But im not convinced fully yet.
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October 15, 2013, 06:44:31 PM
 #17519

 The expected generation output, at 2000 Ghps, given current difficulty of 189281249.28103 , is 5.31393566138 BTC per day and 0.221413985891 BTC per hour.

The expected generation output, at 3000 Ghps, given current difficulty of 189281249.28103 , is 7.97090349207 BTC per day and 0.332120978836 BTC per hour.

From #eligius on freenode

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October 15, 2013, 06:50:28 PM
 #17520

They are obviously using third party miners, it is an 'IceDrill' company now. Anything at this point is a bonus though, I guess.

He's buying time, and he is very good at it. Just check the bitdaytrade thread to see how good he is. More than a year has passed and some people still believe he will pay back:
https://bitcointalk.org/index.php?topic=93445.0

Wow, they even have their own version of 'TheSwede'. We see a bigger picture there as well, 'Alberto promised us an update by the end of September', coinciding directly with Labcoin's schedule.  Seems he was planning to use one scheme to pay off the other.  
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