Bitcoin Forum
October 24, 2017, 08:21:26 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 ... 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] 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 ... 914 »
  Print  
Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042584 times)
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
August 19, 2013, 05:13:51 PM
 #2301

Cool beans. 

Are the chips your sending out samples or paid orders? How are financials and dividends for chip sales going to be handled?

1508833286
Hero Member
*
Offline Offline

Posts: 1508833286

View Profile Personal Message (Offline)

Ignore
1508833286
Reply with quote  #2

1508833286
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
August 19, 2013, 05:18:05 PM
 #2302

Also, people on the "Custom Hardware" board have been complaining about all the pre-orders.  You guys should be able to make a killing selling miners on hand, rather then as pre-orders if you can do it in September Grin

TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile
August 19, 2013, 05:18:25 PM
 #2303

Cool beans. 

Are the chips your sending out samples or paid orders? How are financials and dividends for chip sales going to be handled?

There will of course be more "hard numbers" on this posted as chips are received, tested etc. the general policy is to pay out all profits as dividends to share holders, though Labcoin also plans to reinvest when profitable.

I have requested that customers that make "serious inquiries" be sent sample chips from first run and I am also trying to facilitate a miner and first run chips be send to me for review for the forum.

More information will be available (including pictures and stats) as soon as first run chips lands in the hands of the team.
TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile
August 19, 2013, 05:22:00 PM
 #2304

Also, people on the "Custom Hardware" board have been complaining about all the pre-orders.  You guys should be able to make a killing selling miners on hand, rather then as pre-orders if you can do it in September Grin

This is something we are discussing. The only "pre orders" Labcoin will be accepting are for bulk chip orders and only after we have first-run in-hand and can promise a hard delivery date (chips in hand approx 2 weeks after order).

The option of selling miners is being discussed as well and will likely depend heavily on if the team feels that they can guarantee that these would not meet with any customs issues etc.

That said, it is almost as profitable to just roll out multiples of 50TH mining on-site with little to no delivery time to end point and under 2 weeks PCB/Chip production.
TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile
August 19, 2013, 05:28:30 PM
 #2305

Also, people on the "Custom Hardware" board have been complaining about all the pre-orders.  You guys should be able to make a killing selling miners on hand, rather then as pre-orders if you can do it in September Grin

+1

Exactly, this is the right time to give the pre-order fueled companies a run for their money.

Yes. The Labcoin team does realize how exceptionally valuable short time to market and in-hand products are and are definitely considering this. We are however also aware of the possible caveats of exporting high value electronics (as proven by the latest delays and problems that for example Avalon has experienced).
afrotec
Full Member
***
Offline Offline

Activity: 124


Coinnoisseur


View Profile
August 19, 2013, 05:32:40 PM
 #2306

TheSwede75, thanks for the substantial update, and your work thus far.  Smiley

I'm curious when Part II of the Q&A with Fabrizzio and others will take place?
twentyseventy
Legendary
*
Offline Offline

Activity: 1386


View Profile
August 19, 2013, 05:33:59 PM
 #2307

Sounds great.. Just bought a few stocks on BTCT.CO.. what will this mean for the stockholders?
Will they get dividend or something in the future? Or whats the plan on that.. readed the "details" but kinda alot of info..

Thanks and sorry if it was asked already a thousand times..

I actually forgot that information so thank you for asking.

UPDATE:

If everything goes as per schedule Labcoin plans to start paying dividends from the mining operation as early as the first week of September.

First week of September?! Bully!
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
August 19, 2013, 05:36:22 PM
 #2308

Also, people on the "Custom Hardware" board have been complaining about all the pre-orders.  You guys should be able to make a killing selling miners on hand, rather then as pre-orders if you can do it in September Grin

+1

Exactly, this is the right time to give the pre-order fueled companies a run for their money.

Yes. The Labcoin team does realize how exceptionally valuable short time to market and in-hand products are and are definitely considering this. We are however also aware of the possible caveats of exporting high value electronics (as proven by the latest delays and problems that for example Avalon has experienced).

Awesome.  I'd love to see Labcoin beat HashFast/Cointerra's pricing on the one hand... on the other I'd rather not give away any profits unnecessarily. Grin

If you are actually going to sell units you have on hand, the best thing to do might be to auction them off.

yuansuyi
Member
**
Offline Offline

Activity: 112



View Profile
August 19, 2013, 05:41:36 PM
 #2309

Sounds great.. Just bought a few stocks on BTCT.CO.. what will this mean for the stockholders?
Will they get dividend or something in the future? Or whats the plan on that.. readed the "details" but kinda alot of info..

Thanks and sorry if it was asked already a thousand times..

I actually forgot that information so thank you for asking.

UPDATE:

If everything goes as per schedule Labcoin plans to start paying dividends from the mining operation as early as the first week of September.

First week of September?! Bully!

If it beccomes true, HOSTED-MINING will be holly crap with currrent price, I can't understand why pepople buy in this IPO.
Swede, could you do an News update on BTCT.CO?
boyohi
Full Member
***
Offline Offline

Activity: 182


View Profile
August 19, 2013, 05:42:08 PM
 #2310

UPDATE:

Just talked to Sam and while exact dates are still to be received from foundry/fabrication here are the latest news:

- The first run of chips are expected to arrive within a week. This is a 2500 chip run and Labcoin expects at least 2000 chips to be of "production quality".
- From these chips some will be send to DYI projects and parties that have expressed interest in volume orders from the coming serial production run.

- PCB/Components for miners are expected to arrive shortly (a few days) after chips. To speed up miner production the PCB has not been tested prior to order but thorough simulations have been ran and Labcoin does not expect any issues with the PCB. SHOULD a problem arise Labcoin expects less than 1 week until new PCB can be produced, so even a worst case scenario has functioning PCB in-hand in about 2 weeks.

- The first run of chips will be built into miners immediately and Labcoin expects to be live and hashing @ around 6TH within the next 3-4 weeks.

- First serial production run will be ordered shortly after arrival of first-run chips and Labcoin expects serial production run of chips to arrive mid-late September (50TH+ for Labcoin mining operation and larger quantities of chips for DIY projects and mining operation customers).
- We will contact mining operations/DYI projects that have already gotten in touch with us shortly for addresses for sample chips. If you own a mining operation or similar company and wish to order chips from the first serial production run you can contact Labcoin at: sam.noi@labcoin.com - I will post bulk pricing and chip order run sizes as I get the information from Sam.

- Labcoin is currently expecting the full 1st stage of the mining operation roll-out to reach 50TH or more during mid to late October.
- More exact dates, chip speeds, pictures of chips, PCB schematics etc. will be posted as Sam receives this information from foundry and miner builders.
- I have personally requested sample chips and miner to be sent to me so that I can 'review' it for the forum. More info on this shortly.
- Labcoin has not forgotten about Fabrizio and Developers doing Q/A sessions and the other issues brought to our attention, but currently focus is on time-to-market and all available personnel is 100% committed to a successful mining operation.

- The Labcoin.com website will also be updated shortly and the new design will include real-time statistics of mining operation where visitors can follow miner deployment and hashing speed of the mining operation. More on this later.

TLDR; Things are going as planned with no delays as of yet. Labcoin expects to hash at approx 6TH within 3-4 weeks and 50TH+ by mid to late October. Serial production run of chips will start early Sept. Pictures of chips, schematics and miners etc. will be posted as they become available. Website is undergoing redesign and will feature a real-time mining statistic as soon as the mining operation goes live.



>:] and so it begins
dexX7
Legendary
*
Offline Offline

Activity: 1050



View Profile WWW
August 19, 2013, 05:44:00 PM
 #2311

What's the status of the locked shares?

Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
August 19, 2013, 05:45:24 PM
 #2312

What's the status of the locked shares?

I think they have more important things to focus on right now.

TMAN
Hero Member
*****
Offline Offline

Activity: 574


View Profile
August 19, 2013, 05:48:14 PM
 #2313

Great news Man,


do we have an ETA on your go to market plan on the hardware?

cheers

HuLaN
Member
**
Offline Offline

Activity: 66


View Profile
August 19, 2013, 05:48:49 PM
 #2314

another bullshit update, and ignore mailbox too ..how long can you keep it up for



LOL, what are you smoking that makes you think that this was a bullshit update? Crack? Meth?
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
August 19, 2013, 05:54:53 PM
 #2315

Also, people on the "Custom Hardware" board have been complaining about all the pre-orders.  You guys should be able to make a killing selling miners on hand, rather then as pre-orders if you can do it in September Grin

+1

Exactly, this is the right time to give the pre-order fueled companies a run for their money.

Yes. The Labcoin team does realize how exceptionally valuable short time to market and in-hand products are and are definitely considering this. We are however also aware of the possible caveats of exporting high value electronics (as proven by the latest delays and problems that for example Avalon has experienced).

One thing for bulk chip orders - would it be possible to have the chips shipped directly from the fab to the customer? I don't know how large an order would need to be for that to be practical, but that would definitely help a lot with sales given all the problems with the Avalon chip shipments.

boyohi
Full Member
***
Offline Offline

Activity: 182


View Profile
August 19, 2013, 05:56:30 PM
 #2316

another bullshit update, and ignore mailbox too ..how long can you keep it up for



LOL, what are you smoking that makes you think that this was a bullshit update? Crack? Meth?

Is this the 5 o'clock free crack giveaway?
Bitcycle
Sr. Member
****
Offline Offline

Activity: 420


View Profile
August 19, 2013, 05:56:49 PM
 #2317

What's the status of the locked shares?

I think they have more important things to focus on right now.

This would take a very, very short amount of time to complete and update us on.  There is no excuse for not doing it.


TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile
August 19, 2013, 06:02:14 PM
 #2318

TheSwede75, thanks for the substantial update, and your work thus far.  Smiley

I'm curious when Part II of the Q&A with Fabrizzio and others will take place?

The accounts are ready as per what Sam told me today. So it should not be long. The team has been exceptionally busy preparing for PCB production, analyzing and testing hardware models and first run but I will make it a priority to have them do Q/A as soon as possible.
TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile
August 19, 2013, 06:06:20 PM
 #2319

Sounds great.. Just bought a few stocks on BTCT.CO.. what will this mean for the stockholders?
Will they get dividend or something in the future? Or whats the plan on that.. readed the "details" but kinda alot of info..

Thanks and sorry if it was asked already a thousand times..

I actually forgot that information so thank you for asking.

UPDATE:

If everything goes as per schedule Labcoin plans to start paying dividends from the mining operation as early as the first week of September.

First week of September?! Bully!

If it beccomes true, HOSTED-MINING will be holly crap with currrent price, I can't understand why pepople buy in this IPO.
Swede, could you do an News update on BTCT.CO?


Sam will post a detailed update with more specific timeline etc. through BTCT.CO in approx one week when fist-run is in-hand for real-world tests on PCB.
Luckybit
Hero Member
*****
Offline Offline

Activity: 714



View Profile
August 19, 2013, 06:06:35 PM
 #2320

Cool beans. 

Are the chips your sending out samples or paid orders? How are financials and dividends for chip sales going to be handled?

There will of course be more "hard numbers" on this posted as chips are received, tested etc. the general policy is to pay out all profits as dividends to share holders, though Labcoin also plans to reinvest when profitable.

I have requested that customers that make "serious inquiries" be sent sample chips from first run and I am also trying to facilitate a miner and first run chips be send to me for review for the forum.

More information will be available (including pictures and stats) as soon as first run chips lands in the hands of the team.

What can shareholders do to promote Labcoin? Maybe advertising can be made to be cheaper? Why not just go to the forums where people are looking for ASIC miners and to reddit and promote the hell out of it?
Pages: « 1 ... 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] 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 ... 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!