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BitCsByBit
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August 20, 2013, 03:34:06 AM |
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Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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foxykah
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August 20, 2013, 03:38:48 AM |
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That is outdated, though I understand your efforts, but until the number of LC investors does not reach the number of AM investors, separating this conversation into two different threads is not an option. The last post there is dated before this whole bubble. |
Good things come to those who wait.
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boyohi
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August 20, 2013, 03:41:34 AM |
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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. For those who missed it. |
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Bitcycle
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August 20, 2013, 04:12:00 AM |
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It's going to stay over 0.002. It's dipped towards it a couple of times and come back up. If you're hoping for 0.0016 shares again, you're going to miss out.
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VolanicEruptor
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August 20, 2013, 04:17:40 AM |
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It's going to stay over 0.002. It's dipped towards it a couple of times and come back up. If you're hoping for 0.0016 shares again, you're going to be out of luck.
Agreed. Only bad news or delays would cause that, and right now things are only looking good. |
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foxykah
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August 20, 2013, 04:25:31 AM |
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It's going to stay over 0.002. It's dipped towards it a couple of times and come back up. If you're hoping for 0.0016 shares again, you're going to be out of luck.
Agreed. Only bad news or delays would cause that, and right now things are only looking good. I dont think so, there is still movement, it's gonna change |
Good things come to those who wait.
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Bitcycle
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August 20, 2013, 04:28:17 AM |
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It's going to stay over 0.002. It's dipped towards it a couple of times and come back up. If you're hoping for 0.0016 shares again, you're going to be out of luck.
Agreed. Only bad news or delays would cause that, and right now things are only looking good. I dont think so, there is still movement, it's gonna change Keep on hopin' for those cheap shares! |
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Ytterbium
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August 20, 2013, 05:01:48 AM
Last edit: August 20, 2013, 05:25:33 AM by Ytterbium |
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While I'm here, I'd just like to give a shout-out to everyone from two weeks ago who felt they were left holding the bag when the price was nearing IPO-
Hope y'all held on - cheers, boys!
I've been thinking of all those people in such a rush last week to sell at 0.0015 or so. Amazing what a few days of patience can do for you sometimes. These prices wont stay up for long. It's just because there was news. In a couple weeks the price will be down again. It's not worth buying unless under 0.002. There will be more news when they actually get their chips. And more news when they get their PCBs and people who get samples report back what they find. And then there will be more news when they get up and hashing, as well as when they place their next production orders. |
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demzie
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August 20, 2013, 05:20:45 AM |
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Indeed Ytterbium!
"It's not worth buying unless under 0.002." hahahaha
0.02 or much; much more when hashing begins, chips come and sell and the company runs on full speed!
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JohnyBigs
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August 20, 2013, 07:21:52 AM |
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What percentage of ownership does the 10,000,000 shares represent? Because 75% dividends on profits of only 30% ownership are much lower than if they were 75% of all operations at 100% ownership. Anybody know?
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Ytterbium
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August 20, 2013, 07:26:14 AM |
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What percentage of ownership does the 10,000,000 shares represent? Because 75% dividends on profits of only 30% ownership are much lower than if they were 75% of all operations at 100% ownership. Anybody know?
10m shares = 100% of the company. Only 7m shares were distributed in the IPO. The other 3m shares were deposited in the BTCT.co accounts of the founders, bringing the total to 10 million. They'll get their cuts through the dividend process, just like everyone else (Although I would assume they're also going to get paid a salary). |
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JohnyBigs
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August 20, 2013, 07:28:10 AM |
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What percentage of ownership does the 10,000,000 shares represent? Because 75% dividends on profits of only 30% ownership are much lower than if they were 75% of all operations at 100% ownership. Anybody know?
10m shares = 100% of the company. Only 7m shares were distributed in the IPO. The other 3m shares were deposited in the BTCT.co accounts of the founders, bringing the total to 10 million. They'll get their cuts through the dividend process, just like everyone else (Although I would assume they're also going to get paid a salary). So i guess the 75% of profits, is from the 70% ownership? or from 100% ownership? So for example say profit is $1,000 dollars for the whole 100% company. Will we get 75% of $1000 or 75% of $700 which is our share? |
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Ytterbium
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August 20, 2013, 08:16:04 AM |
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What percentage of ownership does the 10,000,000 shares represent? Because 75% dividends on profits of only 30% ownership are much lower than if they were 75% of all operations at 100% ownership. Anybody know?
10m shares = 100% of the company. Only 7m shares were distributed in the IPO. The other 3m shares were deposited in the BTCT.co accounts of the founders, bringing the total to 10 million. They'll get their cuts through the dividend process, just like everyone else (Although I would assume they're also going to get paid a salary). So i guess the 75% of profits, is from the 70% ownership? or from 100% ownership? So for example say profit is $1,000 dollars for the whole 100% company. Will we get 75% of $1000 or 75% of $700 which is our share? If you can't do math like this yourself, I guess you shouldn't really be investing in things like this. Anyway, the shareholders would get 75% of $1000. Each share would get $1k/10m = 1/10th of a cent, if the profits were only $1,000. |
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BitThink
Legendary
 Offline
Activity: 882
Merit: 1000
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August 20, 2013, 08:19:30 AM |
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What percentage of ownership does the 10,000,000 shares represent? Because 75% dividends on profits of only 30% ownership are much lower than if they were 75% of all operations at 100% ownership. Anybody know?
10m shares = 100% of the company. Only 7m shares were distributed in the IPO. The other 3m shares were deposited in the BTCT.co accounts of the founders, bringing the total to 10 million. They'll get their cuts through the dividend process, just like everyone else (Although I would assume they're also going to get paid a salary). So i guess the 75% of profits, is from the 70% ownership? or from 100% ownership? So for example say profit is $1,000 dollars for the whole 100% company. Will we get 75% of $1000 or 75% of $700 which is our share? You will get your shares * 0.75 * 1000 / 10000000. |
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Zubilica
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August 20, 2013, 08:26:06 AM |
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It seems that the bubble is not over  also the bid wall looks grate . |
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demzie
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August 20, 2013, 08:32:45 AM |
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It seems that the bubble is not over also the bid wall looks grate . Bubble? Thats not a bubble  Wait until company mines and makes revenue! |
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abuelau
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August 20, 2013, 09:28:42 AM |
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I have invested in quite a few BTC securities by now, and I wouldn't be surprised if the price gets to 0.007 to 0.01 by November/December based on the promised hash rates and expected dividends. I don't think it's a bubble, actually I think it's still under priced.
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Zubilica
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August 20, 2013, 09:54:09 AM |
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Any shareholder will believe this. Price should be 10 BTC/share. At 0.002 shareholders already doubled their money without any results. Anyhow this is fair , price is made by demand.
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abuelau
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August 20, 2013, 10:03:35 AM |
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It doesn't matter how many multipliers early investors got on their money. What matters is the value of the company, and I think that based on that the price is still low. It's my personal opinion, based on past experiences. I made 10x my money with ActiveMining for example, and based on what I have seen, I think it still has space to grow more. But time will tell. We can come back to this post in November |
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demzie
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August 20, 2013, 10:17:21 AM |
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Lets do that, 10x is minimum |
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