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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1039744 times)
lightlord
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August 14, 2013, 09:42:18 AM
 #2161

lol, nicely played amigo!   Cool

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




It's interesting that your ignore button is all glowed as orange. It shows how truly valuable your message is to everyone else.
*Adds to ignore*  Wink



.
.BITVEST DICE.
HAS BEEN RELEASED!


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Rainbot
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August 14, 2013, 10:54:36 AM
 #2162

lol, nicely played amigo!   Cool

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




It's interesting that your ignore button is all glowed as orange. It shows how truly valuable your message is to everyone else.
*Adds to ignore*  Wink

LOL。
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August 14, 2013, 11:08:17 AM
 #2163

it doesn't turn out well for those taking the 'ZOMG SHUT UP ICEBREAKER ERMAHGAWD I HATE YOUR STUPID FACE' approach.    Grin
Seems you have a far too high impression of your own importance. Nobody hates you.
You're just an annoyance that clutters up threads with valueless posts.

Everyone who paid a little attention knows that you're invested in these projects yourself, and that you're just trolling.
When you grow up, you'll surely leave that behaviour behind you, seeing how utterly pathetic it is.
Until then, enjoy the privilege of being the second person that made it to my ignore list.
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August 14, 2013, 11:17:08 AM
 #2164

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.

Some numbers:
BASIC has a hashrate of 1.2 TH/s and a lower market cap than Labcoin. If Labcoin would be BASIC and the price would scale with the additional 2.8 TH/s to get 1 % (assuming 400 TH/s total), it would very roughly be .004 - .005 BTC per share.

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August 14, 2013, 11:22:17 AM
 #2165

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.

Some numbers:
BASIC has a hashrate of 1.2 TH/s and a lower market cap than Labcoin. If Labcoin would be BASIC and the price would scale with the additional 2.8 TH/s to get 1 % (assuming 400 TH/s total), it would very roughly be .004 - .005 BTC per share.

This assumes Labcoin can make these ASIC devices. If they do I agree the current share price is really low. However the reason it is low is because of the uncertainty that Labcoin will ever mine Bitcoin before needing more funding or going bankrupt.

I am not spreading FUD, just showing why the price is where it is.
lightlord
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August 14, 2013, 11:22:32 AM
 #2166

www.labcoin.com site is down.




.
.BITVEST DICE.
HAS BEEN RELEASED!


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Rainbot
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August 14, 2013, 11:23:39 AM
 #2167

www.labcoin.com site is down.



Nice work Sherlock.
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August 14, 2013, 11:24:37 AM
 #2168

www.labcoin.com site is down.

Don't worry its happened a few times, its probably a DDOS from someone that wants to buy low.
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August 14, 2013, 11:45:21 AM
 #2169


Like pretty much every other bitcoin stock, if these guys could communicate worth a damn, the stock would be worth twice as much.
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August 14, 2013, 11:50:22 AM
 #2170

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.

1% means it's not a scam and stock prices might go up but thats not competitive long term with AM or any of the other companies out there.

ROI would be high but you're talking about over a years time. How do we know any of this will last for the whole year?
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August 14, 2013, 11:53:16 AM
 #2171

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.

But we might not have a year. That is why I said ROI when considering the risks at 1% is quite low. Labcoin would prove itself not to be a scam but it's not enough to say we don't face high risks.

91.89% APR is better than Asicminer that is true but with Asicminer we have reason to believe it will be around for a while and with Labcoin there is a lot more uncertainty. I'm not one of the person who think Labcoin is a scam but I don't know whether or not it will weather the market conditions and other factors to be around for years either. If it can last for years then 91.89% APR is very good.
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August 14, 2013, 02:10:00 PM
 #2172

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103 days, 21 hours and 10 minutes.


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August 14, 2013, 02:25:45 PM
 #2173



strong work!
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August 14, 2013, 02:38:20 PM
 #2174

Is 1% realistic? Does Labcoin project that they will have this kind of hashing power soon?
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August 14, 2013, 02:59:34 PM
 #2175

Woow nice work man!!

It would be interesting to know what will be the Price per Share if we have 15% of the total hashrate with an annual yield of 30%  (like AM has it now)

Does anyone is able to do the maths?  Kiss

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August 14, 2013, 03:02:40 PM
 #2176



Excellent. If they meet their 10% of the Network goal then it's an excellent investment even if they don't manage to sell any miners. I'm just worried about the difficulty rising exponentially just as everyone else is but if they manage to last for 6 months they'll probably be able to secure a strong 10% of the network hashrate. I don't see any of these others competing with them.

Unlike most investors I'm interested in companies that can last for the long term, such as in years. The collapse of btcgarden did not extend us confidence.
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August 14, 2013, 03:07:34 PM
 #2177

Woow nice work man!!

It would be interesting to know what will be the Price per Share if we have 15% of the total hashrate with an annual yield of 30%  (like AM has it now)

Does anyone is able to do the maths?  Kiss


Roughly 0.05

For what that's worth.  

The  uncertainty is what keeps the price so low for now.

Relates back to what I was saying earlier.  If the company could communicate at all and instill some confidence, we'd see the price at least double on that basis alone.

It's all belief at this point.
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August 14, 2013, 03:17:30 PM
 #2178



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?




Updates we still need.

Today would be a good day for it.
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August 14, 2013, 03:35:26 PM
 #2179

Someone just loaded up on LC. Insider info?
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August 14, 2013, 03:38:29 PM
 #2180

Someone just loaded up on LC. Insider info?


Saw that and came here to check for news - It's likely someone reacting to the above div analysis..Even at 2% of network hash rate its still pretty attractive

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