Bitcoin Forum
October 24, 2017, 06:31:07 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 [108] 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 ... 914 »
  Print  
Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042547 times)
boyohi
Full Member
***
Offline Offline

Activity: 182


View Profile
August 13, 2013, 11:55:15 PM
 #2141

ajk, people freaked when the "site" just went offline and noone heard anything for a few days - that's all

theSwede - i think what set off the latest rumor mill is the site going down- also, strange things that have happened to "competitors"

The labcoin.com website as far as I know is just going through updates and redesign. I will definitely be here to update if anything significant is to be communicated.

Mr. Swede, do you think Labcoin will be able to maintain 15% of the network for the long term with the difficulty growing exponentially and with what looks like an asic hashing cyber arms race?

This is a very important question which you should forward to the staff and developers. If the 15% can be assured despite difficulty, I think everyone will be happy for many months with the possibility of sweet dividends.

Impossible with Icedrill and their nuclear powered mining operation underground in the middle of Antarctica.
1508826667
Hero Member
*
Offline Offline

Posts: 1508826667

View Profile Personal Message (Offline)

Ignore
1508826667
Reply with quote  #2

1508826667
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile
August 14, 2013, 12:49:22 AM
 #2142

ajk, people freaked when the "site" just went offline and noone heard anything for a few days - that's all

theSwede - i think what set off the latest rumor mill is the site going down- also, strange things that have happened to "competitors"

The labcoin.com website as far as I know is just going through updates and redesign. I will definitely be here to update if anything significant is to be communicated.

Mr. Swede, do you think Labcoin will be able to maintain 15% of the network for the long term with the difficulty growing exponentially and with what looks like an asic hashing cyber arms race?

This is a very important question which you should forward to the staff and developers. If the 15% can be assured despite difficulty, I think everyone will be happy for many months with the possibility of sweet dividends.

I personally do. However, I would probably say that with the vast amount of ASIC projects of differing quality makes the landscape hard to estimate.

Traditionally (as we all know) ASIC has been proned to over promise and under delivery and I don't see a reason to revise that yet.

The prices and quantities of chips that Labcoin plans to order and deploy makes it very reasonable to hold 15% or more of the network hash rate at least on a medium time scale (through spring at least using Gen 1) but of course there is always the possibility that the landscape changes.

Important to remember here is that while 28nm is sexy, the Labcoin chip, while not as effective power wise is so cheap to manufacture at volume that the team expects to be able to fund 50TH+ using not even all the IPO funds. That can as far as I know not be said about any other project.

TLDR: yes.
TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile
August 14, 2013, 12:53:50 AM
 #2143

ajk, people freaked when the "site" just went offline and noone heard anything for a few days - that's all

theSwede - i think what set off the latest rumor mill is the site going down- also, strange things that have happened to "competitors"

The labcoin.com website as far as I know is just going through updates and redesign. I will definitely be here to update if anything significant is to be communicated.

Mr. Swede, do you think Labcoin will be able to maintain 15% of the network for the long term with the difficulty growing exponentially and with what looks like an asic hashing cyber arms race?

This is a very important question which you should forward to the staff and developers. If the 15% can be assured despite difficulty, I think everyone will be happy for many months with the possibility of sweet dividends.

Impossible with Icedrill and their nuclear powered mining operation underground in the middle of Antarctica.


Obviously with Shark-Nado-Hurricane-ASIC-2 (trademark pending) bringing online their mutated clusters of 1nm ASIC in approx "two weeks" we can never be certain.

(This thread needs a dash of humor)
JMG
Jr. Member
*
Offline Offline

Activity: 47


View Profile
August 14, 2013, 01:06:17 AM
 #2144

Labcoin is hiring!

If you are skilled in IC design / HDL optimization, shoot them your CV at info@labcoin.com

http://coinstocks.net/
physalis
Sr. Member
****
Offline Offline

Activity: 392



View Profile
August 14, 2013, 01:25:14 AM
 #2145

The prices and quantities of chips that Labcoin plans to order and deploy makes it very reasonable to hold 15% or more of the network hash rate at least on a medium time scale (through spring at least using Gen 1) but of course there is always the possibility that the landscape changes.

Important to remember here is that while 28nm is sexy, the Labcoin chip, while not as effective power wise is so cheap to manufacture at volume that the team expects to be able to fund 50TH+ using not even all the IPO funds. That can as far as I know not be said about any other project.

Well, those 50TH/s will not make make 10% of the network by the time they are deployed, or even 15%. They would barely make 15% if they got deployed completely right now.

But that doesn't really matter. If labcoin only manages to hold ONE percent of the network, then the current share price is nothing else than cheap as fuck.
Which is why I think this will turn out to be a great investment. If they don't completely fail, and even just manage to hold a very small percentage, then everything is fine.
The more they get, the better, but as long as they get something, then there's nothing to worry about.
JMG
Jr. Member
*
Offline Offline

Activity: 47


View Profile
August 14, 2013, 01:42:30 AM
 #2146

7 days average float is about 380,000 shares per day and that means only 5.4% of shares are floating or in other words, most of shareholders are holding their shares.

Currently, the total ask size is only 13% of total shares.
Luckybit
Hero Member
*****
Offline Offline

Activity: 714



View Profile
August 14, 2013, 02:31:43 AM
 #2147

The prices and quantities of chips that Labcoin plans to order and deploy makes it very reasonable to hold 15% or more of the network hash rate at least on a medium time scale (through spring at least using Gen 1) but of course there is always the possibility that the landscape changes.

Important to remember here is that while 28nm is sexy, the Labcoin chip, while not as effective power wise is so cheap to manufacture at volume that the team expects to be able to fund 50TH+ using not even all the IPO funds. That can as far as I know not be said about any other project.

Well, those 50TH/s will not make make 10% of the network by the time they are deployed, or even 15%. They would barely make 15% if they got deployed completely right now.

But that doesn't really matter. If labcoin only manages to hold ONE percent of the network, then the current share price is nothing else than cheap as fuck.
Which is why I think this will turn out to be a great investment. If they don't completely fail, and even just manage to hold a very small percentage, then everything is fine.
The more they get, the better, but as long as they get something, then there's nothing to worry about.

Everything is not fine if they only have 1% of the network. It would mean a very long ROI and many people would go elsewhere which means share prices would suffer for investors. Also at 1% of the network if they make any mistake at all they wont have much profit to fall back on.

15% is reasonable if they can reach that. If they reach 1% but difficulty is rising exponentially it's very bad because they cannot keep up that way. If they manage to get enough profit to build and deploy a lot of miners then they'll do okay. I think if they get over 500TH before 2014 they'll be just fine but thats just my estimate and it's anyones guess. They also have plenty of people to sell ASICs to, such as all those cloud mining companies.
physalis
Sr. Member
****
Offline Offline

Activity: 392



View Profile
August 14, 2013, 02:58:48 AM
 #2148

Everything is not fine if they only have 1% of the network. It would mean a very long ROI

What a strange thing to say. No it wouldn't.

A little run down of the math:
Labcoin consists of 10m shares. If we have 1% of the network, that means each share gets 1 ten-millionth of 1% of 25 bitcoins every 10 minutes (actually even more since blocks are found faster than that).
That's 0.009198 btc per year. Going by IPO price of 0.001 per share, that's 91.89% APR. That's exceptional compared to all other mining stocks (AM has what, 20-25% now?). And it's still excluding all possible hardware sales.
Bitcycle
Sr. Member
****
Offline Offline

Activity: 420


View Profile
August 14, 2013, 03:05:42 AM
 #2149

Everything is not fine if they only have 1% of the network. It would mean a very long ROI

What a strange thing to say. No it wouldn't.

A little run down of the math:
Labcoin consists of 10m shares. If we have 1% of the network, that means each share gets 1 ten-millionth of 1% of 25 bitcoins every 10 minutes (actually even more since blocks are found faster than that).
That's 0.009198 btc per year. Going by IPO price of 0.001 per share, that's 91.89% APR. That's exceptional compared to all other mining stocks (AM has what, 20-25% now?). And it's still excluding all possible hardware sales.


Far more important than that, a 1% share would mean most of the risk of the stock was removed.  The company would be proved to be real and to be competent.

The share price would have skyrocketed by then.  It's so low at the moment only because so much is unknown.  As the unknowns become knowns, the price increases.

So yeah, 1% would be fine in my book.
Bitcycle
Sr. Member
****
Offline Offline

Activity: 420


View Profile
August 14, 2013, 03:08:23 AM
 #2150



What we need right now are some updates.

Where are the staff members who were supposed to be joining the forum?

When can we expect an audit of the founders shares? This is already overdue. Please provide immediately.

Why is the website down?

Aren't the first chips supposed to come in this week?  What's the status?


iCEBREAKER
Legendary
*
Online Online

Activity: 1806


Crypto Rules Everything Around Me


View Profile WWW
August 14, 2013, 03:18:45 AM
 #2151

So you want an update with some juicy ASIC news?

Be careful what you wish for, you might just get it.

Xpost relevant to your interests:

 

Well fuck me sideways!!    Cool

Quote
Uniquify, HashFast Ink Agreement to Produce ASICs to Increase Hashing Speed for Bitcoin Miners

geeks.broadwayworld.com / Aug, 13, 2013; 10:38 AM

SAN JOSE, CA – Uniquify (www.uniquify.com) today signed a multi-year agreement with HashFast Technologies to design and provide silicon fabrication services for a new generation of application specific integrated circuits (ASICs) expected to dramatically increase hashing speed for Bitcoin miners.

Under terms of the agreement, HashFast Technologies, a pioneer in custom designs of ASIC chips for cryptographic hashing, will use Uniquify’s technology for the production of ASIC chips for cryptographic hashing.

The strategic partnership between HashFast and Uniquify, a leading high-performance semiconductor intellectual property (IP) and system-on-chip (SoC) design, integration and manufacturing services supplier, is poised to move HashFast to the forefront of the cryptographic hashing industry.

tl;dr  Lafcoin just lost the ASIC arms race, before they could get out of the starting gate!   Cheesy


██████████
█████████████████
██████████████████████
█████████████████████████
████████████████████████████
████
████████████████████████
█████
███████████████████████████
█████
███████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
███████████████████████████
██████
██████████████████████████
█████
███████████████████████████
█████████████
██████████████
████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
twentyseventy
Legendary
*
Offline Offline

Activity: 1386


View Profile
August 14, 2013, 03:33:36 AM
 #2152

So you want an update with some juicy ASIC news?

Be careful what you wish for, you might just get it.

Xpost relevant to your interests:

 

Well fuck me sideways!!    Cool

Quote
Uniquify, HashFast Ink Agreement to Produce ASICs to Increase Hashing Speed for Bitcoin Miners

geeks.broadwayworld.com / Aug, 13, 2013; 10:38 AM

SAN JOSE, CA – Uniquify (www.uniquify.com) today signed a multi-year agreement with HashFast Technologies to design and provide silicon fabrication services for a new generation of application specific integrated circuits (ASICs) expected to dramatically increase hashing speed for Bitcoin miners.

Under terms of the agreement, HashFast Technologies, a pioneer in custom designs of ASIC chips for cryptographic hashing, will use Uniquify’s technology for the production of ASIC chips for cryptographic hashing.

The strategic partnership between HashFast and Uniquify, a leading high-performance semiconductor intellectual property (IP) and system-on-chip (SoC) design, integration and manufacturing services supplier, is poised to move HashFast to the forefront of the cryptographic hashing industry.

tl;dr  Lafcoin just lost the ASIC arms race, before they could get out of the starting gate!   Cheesy

I'm pretty sure that ActM proved that press releases are a joke in this industry...
physalis
Sr. Member
****
Offline Offline

Activity: 392



View Profile
August 14, 2013, 03:52:28 AM
 #2153


Quote
Uniquify, HashFast Ink Agreement to Produce ASICs to Increase Hashing Speed for Bitcoin Miners

geeks.broadwayworld.com / Aug, 13, 2013; 10:38 AM

SAN JOSE, CA – Uniquify (www.uniquify.com) today signed a multi-year agreement with HashFast Technologies to design and provide silicon fabrication services for a new generation of application specific integrated circuits (ASICs) expected to dramatically increase hashing speed for Bitcoin miners.

Under terms of the agreement, HashFast Technologies, a pioneer in custom designs of ASIC chips for cryptographic hashing, will use Uniquify’s technology for the production of ASIC chips for cryptographic hashing.

The strategic partnership between HashFast and Uniquify, a leading high-performance semiconductor intellectual property (IP) and system-on-chip (SoC) design, integration and manufacturing services supplier, is poised to move HashFast to the forefront of the cryptographic hashing industry.

tl;dr  Lafcoin just lost the ASIC arms race, before they could get out of the starting gate!   Cheesy

I don't even know what this is showing in your opinion... Uniquify = HashFast. So they signed some kind of deal with themselves basically..?
And even if that press release wasn't a complete joke, how would that mean "we lost the ASIC arms race"? They haven't made anything yet, and they don't plan to do so long after labcoin, or ActM for that matter...
I think we're safe dude. And you're getting pretty annoying with your bullshit.
freedomno1
Legendary
*
Offline Offline

Activity: 1344


Activity: 9001 == OP


View Profile WWW
August 14, 2013, 03:57:31 AM
 #2154

You guys can't lose an arms race your not officially in yet wait till the units start rolling
Until then AM remains King  Wink

aiwill
Member
**
Offline Offline

Activity: 100


btcman.com


View Profile WWW
August 14, 2013, 04:38:16 AM
 #2155

HI TheSwede75, thanks for your blessing reply to Garden,I m  currently doing the same  Grin

Hope your team will succeed later~~~
iCEBREAKER
Legendary
*
Online Online

Activity: 1806


Crypto Rules Everything Around Me


View Profile WWW
August 14, 2013, 04:57:10 AM
 #2156

Quote
I think we're safe dude. And you're getting pretty annoying with your bullshit

Touchy, touchy!  You're very thin skinned for one so confident of his "investment."   Wink

Lafcoin's chips will be obsolete before they begin hashing, thanks to Avalon, AM, and Hashfast/ice.drill.

That is reality, deal with it or



Speaking of ACTM, I've seen this movie before and it doesn't turn out well for those taking the 'ZOMG SHUT UP ICEBREAKER ERMAHGAWD I HATE YOUR STUPID FACE' approach.    Grin


██████████
█████████████████
██████████████████████
█████████████████████████
████████████████████████████
████
████████████████████████
█████
███████████████████████████
█████
███████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
███████████████████████████
██████
██████████████████████████
█████
███████████████████████████
█████████████
██████████████
████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
August 14, 2013, 06:02:10 AM
 #2157

There's no reason to think that only one company can produce ASICs.  Even with GPUs you have both AMD and Nvidia.

iCEBREAKER
Legendary
*
Online Online

Activity: 1806


Crypto Rules Everything Around Me


View Profile WWW
August 14, 2013, 06:38:02 AM
 #2158

Of course more than one company can (successfully/profitably) produce ASICs.

The names of those companies are Hashfast and Cointerra.

Lagcoin is not among them.

In the Hashfast:AMD::Cointerra:Nvidia syllogism, Lagcoin is Trident.   Grin



^^Lagcoin "technology"




^^Hashfast technology

Can you spot the difference?   Cheesy


██████████
█████████████████
██████████████████████
█████████████████████████
████████████████████████████
████
████████████████████████
█████
███████████████████████████
█████
███████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
███████████████████████████
██████
██████████████████████████
█████
███████████████████████████
█████████████
██████████████
████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
merv77
Sr. Member
****
Offline Offline

Activity: 462


1.21 GIGA WATTS


View Profile
August 14, 2013, 06:47:26 AM
 #2159


Can you spot the difference?   Cheesy
Yep as clear as day


real electronic device that works.



A huge turd that's actually a figment of someones imagination. on drugs obviously.

 Grin Cheesy Grin
iCEBREAKER
Legendary
*
Online Online

Activity: 1806


Crypto Rules Everything Around Me


View Profile WWW
August 14, 2013, 07:03:52 AM
 #2160

lol, nicely played amigo!   Cool

If only LAGCOIN's steampunk "technology" were as laudable as your sense of humor...  Wink


██████████
█████████████████
██████████████████████
█████████████████████████
████████████████████████████
████
████████████████████████
█████
███████████████████████████
█████
███████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
███████████████████████████
██████
██████████████████████████
█████
███████████████████████████
█████████████
██████████████
████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Pages: « 1 ... 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 [108] 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 ... 914 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!