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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042517 times)
dexX7
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August 28, 2013, 10:58:35 AM
 #4021

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

Hi,

it may be a wise idea to post this on the Asset News channel of BTC-TC, too. Wink

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August 28, 2013, 10:59:27 AM
 #4022

Wasn't the first chip batch supposed to get labcoin around 6 TH/s?  If that estimate is now 3-4 presumably the chips didn't meet expectations, which has bigger implications for the "full speed" that's supposedly coming in October. 

properly he gave an estimate, cause they need to put it together, then steadily put more together until full speed
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August 28, 2013, 11:00:51 AM
 #4023

2B means ASSHOLE in China.
AngelSky
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August 28, 2013, 11:01:25 AM
 #4024

USA is waking up

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August 28, 2013, 11:02:33 AM
 #4025

i think those burned has stopped officially,  they will get heartache if they see the good news now
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August 28, 2013, 11:03:31 AM
 #4026

USA is waking up

The price is soaring. Grin
Vigil
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August 28, 2013, 11:03:48 AM
 #4027

Like an idiot I sold trying to pick up more shares.
demzie
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August 28, 2013, 11:05:14 AM
 #4028

Wasn't the first chip batch supposed to get labcoin around 6 TH/s?  If that estimate is now 3-4 presumably the chips didn't meet expectations, which has bigger implications for the "full speed" that's supposedly coming in October. 

there are no chips in hand, therefore the figures are made up

anyone who disagrees, welcome to bet. I will put minimum 2x value on NO for every YES

http://bitbet.us/bet/521/labcoins-own-130nm-design-sample-chips-will-be/

Can someone ban this guy?
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August 28, 2013, 11:05:42 AM
 #4029

I officially declare Swede is a 2B and he's fired.

Give the guy some sleep Smiley

2B...

2x2B

demzie
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August 28, 2013, 11:07:08 AM
 #4030

Wasn't the first chip batch supposed to get labcoin around 6 TH/s?  If that estimate is now 3-4 presumably the chips didn't meet expectations, which has bigger implications for the "full speed" that's supposedly coming in October. 

there are no chips in hand, therefore the figures are made up

anyone who disagrees, welcome to bet. I will put minimum 2x value on NO for every YES

http://bitbet.us/bet/521/labcoins-own-130nm-design-sample-chips-will-be/

Can someone ban this guy?

what's the problem.. If I'm wrong you should have a problem taking my money?
or you want to come up with excuses why you are afraid to put $$ down?

go 2B yourself
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August 28, 2013, 11:07:14 AM
 #4031

Wasn't the first chip batch supposed to get labcoin around 6 TH/s?  If that estimate is now 3-4 presumably the chips didn't meet expectations, which has bigger implications for the "full speed" that's supposedly coming in October. 

properly he gave an estimate, cause they need to put it together, then steadily put more together until full speed

It seems a bit alarming that his estimate was impossibly optimistic
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August 28, 2013, 11:08:09 AM
 #4032

Until now we have not received any concrete evidence that you are able to deliver. Only promises. Today price share will racket to the sky , tomorrow they will realize that we do not have a real update.

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

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August 28, 2013, 11:08:25 AM
 #4033

USA is waking up

they gonna pee in their pants.
AngelSky
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August 28, 2013, 11:09:01 AM
 #4034

Until now we have not received any concrete evidence that you are able to deliver. Only promises. Today price share will racket to the sky , tomorrow they will realize that we do not have a real update.

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

We know you sold too much

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August 28, 2013, 11:09:09 AM
 #4035

ugh I lost 5k shares during this whole ordeal, I think I'll still make out though despite my skittishness...
demzie
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August 28, 2013, 11:09:51 AM
 #4036

Until now we have not received any concrete evidence that you are able to deliver. Only promises. Today price share will racket to the sky , tomorrow they will realize that we do not have a real update.

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

hahaha stop the trolling dude, go post @ cointerra, knc, avalon, terrahash, bfl or whatever who is late with promises, leave this thread alone..
onecent
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August 28, 2013, 11:10:34 AM
 #4037

I am really enjoying whatching these non-sense FUD, nice work! Smiley

Can you give some positive proof to counteract?

No chips, no employees, only 1 PR guy (Swede) and thats it.

How on earth could he have something to counteract the current situation?

He can't, no one can.

This is hitting 0.001 very soon, its a failed stock, no company even exists.

For now its your word againt theswede his word, only fact is the company owner admits the project exists.

Actually you are wrong. TheSwede has not had any contact with the team in recent days because they are all travelling all the time and obviously without mobile phones.

So TheSwede is not against my word. We have similar words.

TheSwede has no idea what's going on anymore, and the CEO never posts here. Where is the CEO??

If you look in the earlier posts someone confronted the CEO of ITek in chat.. he didn't seem too happy that someone was inquiring about Labcoin and said to please stop giving out his information.  Seems like a proud CEO would have been happy to answer questions.  I'm glad I sold my shares.


well...Like I said, I really enjoyed it. Grin
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August 28, 2013, 11:10:49 AM
 #4038

Glad I didn't sell when the "not news" arrived this morning  Grin
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August 28, 2013, 11:14:47 AM
 #4039

Wasn't the first chip batch supposed to get labcoin around 6 TH/s?  If that estimate is now 3-4 presumably the chips didn't meet expectations, which has bigger implications for the "full speed" that's supposedly coming in October.  

properly he gave an estimate, cause they need to put it together, then steadily put more together until full speed

It seems a bit alarming that his estimate was impossibly optimistic

XD i believe full potential can be 6TH as you said, but in reality when you set it up as fresh start, it will run normal speed, not sure if they made there own coding, so whats left is tweaking to put it upto 6TH.

edit: on other hand the full speed, properly he meant, more chips, build it, put it online as weeks go by , after 10 sept when we hashing, till planned full speed and suck some %% from network
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August 28, 2013, 11:17:22 AM
 #4040

Nop, 2B means "awesome" in China.

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