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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041951 times)
physalis
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August 28, 2013, 12:27:24 PM
 #4101

Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share

150mhs/.4mhs = 375x valuation

2.8btc/375 = .0074 price per share of labcoin

ASICMiner is also over one year ahead of LC. They'll be rolling out G2 while LC is struggling to grab and hold a small share of the global network with a process node AM is phasing out and at a time when 28 - 55nm will be taking the lead. LC has to move very quickly and cannot afford to make any major mistakes. They'll need their 65nm chips pronto.
While that is a valid point, if everything holds up, LC's "process node AM is phasing out" is performing more than 5x better than what AM was able to pull out of it.
And that AM will even be rolling out G2 before LC is yet to be shown. LC is already working on G2 for quite some time now too. We certainly won't see G2 from LC before November I guess, but is there anything suggesting now that AM will have theirs earlier?
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August 28, 2013, 12:29:24 PM
 #4102


Yes. I'm amazed at VE for having the patience to deal with them. I was just watching because its scary when mommy and daddy fights.

On another note. I sold everything I owned to buy labcoin. Running a potato right now just to check on the forum and btct

That's your primary problem. Stop checking the forum and BTCT and you'll probably profit most by going into a coma for the next 4 months. Smiley You can save on your potatoes too.

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August 28, 2013, 12:30:49 PM
 #4103


Yes. I'm amazed at VE for having the patience to deal with them. I was just watching because its scary when mommy and daddy fights.

On another note. I sold everything I owned to buy labcoin. Running a potato right now just to check on the forum and btct

That's your primary problem. Stop checking the forum and BTCT and you'll probably profit most by going into a coma for the next 4 months. Smiley You can save on your potatoes too.

so true.

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Vigil
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August 28, 2013, 12:30:56 PM
 #4104

A large percentage of potential buyers were wiped-out in the flash crash. That is what is keeping this from going higher right now.
cw92
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August 28, 2013, 12:31:06 PM
 #4105

Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share

150mhs/.4mhs = 375x valuation

2.8btc/375 = .0074 price per share of labcoin

ASICMiner is also over one year ahead of LC. They'll be rolling out G2 while LC is struggling to grab and hold a small share of the global network with a process node AM is phasing out and at a time when 28 - 55nm will be taking the lead. LC has to move very quickly and cannot afford to make any major mistakes. They'll need their 65nm chips pronto.
While that is a valid point, if everything holds up, LC's "process node AM is phasing out" is performing more than 5x better than what AM was able to pull out of it.
And that AM will even be rolling out G2 before LC is yet to be shown. LC is already working on G2 for quite some time now too. We certainly won't see G2 from LC before November I guess, but is there anything suggesting now that AM will have theirs earlier?

That LC will be rolling out anything is yet to be shown..
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August 28, 2013, 12:31:22 PM
 #4106

Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share

150mhs/.4mhs = 375x valuation

2.8btc/375 = .0074 price per share of labcoin

ASICMiner is also over one year ahead of LC. They'll be rolling out G2 while LC is struggling to grab and hold a small share of the global network with a process node AM is phasing out and at a time when 28 - 55nm will be taking the lead. LC has to move very quickly and cannot afford to make any major mistakes. They'll need their 65nm chips pronto.

G2? Where? BTW, would you buy AM shares atm ? Because I wouldn't. On the other hand, LC seems promising.

China I assume.

Why wouldn't you buy AM at a roughly 50% discount to it's all time high? FC is obviously capable of delivering results.

LC does seem promising, but let's not kid ourselves. AM is the 500lbs gorilla in the room and has already faced and overcome many of the problems with large scale deployment that LC management hasn't even had to deal with yet and they're late to the party with a soon to be obsolete process node. I think they did it right developing 130nm chips first, but they'll need to transition away from those chips very quickly.

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August 28, 2013, 12:32:20 PM
 #4107

Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share

150mhs/.4mhs = 375x valuation

2.8btc/375 = .0074 price per share of labcoin

Wrong calculation.

Labcoin has 10 million shares. AM just has 400,000. Network hashrate of ASICMiner has been around 40TH/s, although including miner sales they seem to consistently deliver dividends more than 20% of network on average, which is around 110TH/s. By doing this calculation like this you are effectively undervaluing Labcoin by 25x. You also undervalued AM by about a half, so effectively you underestimated Labcoin by a magnitude, if Labcoin were ever to be as big as AM.

The correct number based on your rationale should be around 0.1/share.
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August 28, 2013, 12:33:14 PM
 #4108

I'm not sure if this would be right, but there is 10mil shares, and 4TH is about 40,000MH - which is about 250MH per share? Someone please correct me if I'm wrong.
I don't even know where to start correcting.

hahah sorry! I know my math was horrible on this, literally just thought of it in my head
4 TH = 4000000 MH
4000000 MH / 10 mil shares = .4 MH/share

That's not much, but the shares are also really cheap, and this is not a mining bond.
The most important part is that Labcoin plans to deploy ~50 TH within the coming 2 months

and at second week of Sept with 111 Million difficulty, mining for 4TeraH per day is 18 btc

edit: based on 30% increase diff
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August 28, 2013, 12:33:28 PM
 #4109


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Vigil
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August 28, 2013, 12:34:44 PM
 #4110

Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share

150mhs/.4mhs = 375x valuation

2.8btc/375 = .0074 price per share of labcoin

Wrong calculation.

Labcoin has 10 million shares. AM just has 400,000. Network hashrate of ASICMiner has been around 40TH/s, although including miner sales they seem to consistently deliver dividends more than 20% of network on average, which is around 110TH/s. By doing this calculation like this you are effectively undervaluing Labcoin by 25x. You also undervalued AM by about a half, so effectively you underestimated Labcoin by a magnitude, if Labcoin were ever to be as big as AM.

The correct number based on your rationale should be around 0.1/share.
If Labcoin has many more shares then each share should be less than AM's shares at the same valuation.
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August 28, 2013, 12:35:46 PM
 #4111

Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share

150mhs/.4mhs = 375x valuation

2.8btc/375 = .0074 price per share of labcoin

If LC is to be compared to AM, then im finding it hard to accept that LC only has to double in price from here (0.0035), to be as valuable as a company that has dictated and led this market (yes, thats changing), and with a demonstrable track record. Doesnt add up to me, until hardware is evident and put to work, which AM has been doing before LC was a twinkle in someones eye.
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August 28, 2013, 12:36:40 PM
 #4112

Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share

150mhs/.4mhs = 375x valuation

2.8btc/375 = .0074 price per share of labcoin

ASICMiner is also over one year ahead of LC. They'll be rolling out G2 while LC is struggling to grab and hold a small share of the global network with a process node AM is phasing out and at a time when 28 - 55nm will be taking the lead. LC has to move very quickly and cannot afford to make any major mistakes. They'll need their 65nm chips pronto.

G2? Where? BTW, would you buy AM shares atm ? Because I wouldn't. On the other hand, LC seems promising.

China I assume.

Why wouldn't you buy AM at a roughly 50% discount to it's all time high? FC is obviously capable of delivering results.

LC does seem promising, but let's not kid ourselves. AM is the 500lbs gorilla in the room and has already faced and overcome many of the problems with large scale deployment that LC management hasn't even had to deal with yet and they're late to the party with a soon to be obsolete process node. I think they did it right developing 130nm chips first, but they'll need to transition away from those chips very quickly.

I would not buy AM because every 2 days I see big dumps making the price lower and lower and all I can see is some new USB miner with new colors. No hope to have GEN2 for some time from now. I don't bet on the biggest one because he's the biggest (that's why I use Bitstamp instead of Gox now). Let's give a chance to LC to make things happen fast.

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August 28, 2013, 12:39:05 PM
 #4113

LC does seem promising, but let's not kid ourselves. AM is the 500lbs gorilla in the room and has already faced and overcome many of the problems with large scale deployment that LC management hasn't even had to deal with yet and they're late to the party with a soon to be obsolete process node. I think they did it right developing 130nm chips first, but they'll need to transition away from those chips very quickly.

According to the (purported) IRC conversation (http://bcoinnews.com/theseven-confirms-working-with-labcoin/) with TheSeven they have indeed been working on 65nm chips. Nobody outside Labcoin can be sure, but I'm sure they know they need to be quick. The current price can be justified by holding merely 1% of network, so I won't worry about this prospect just yet.

On the other hand, ActiveMining has around 4x the valuation despite even less release of information...
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August 28, 2013, 12:41:34 PM
 #4114

I do not need to comment, I never mentioned anything about management. It was about your professionalism. If it is "easily among the worst managed companies ever," and "unprofessional doesn't even begin to describe." Why the hell do you have your company funds in it?  Huh

Very well, since you're more focused on discussing my actions than LC's in the LC thread, let's review.

The sequence of events goes like this:

1) LC says they'll announce results early this week.
2) CreativeX buys a small stake in LC for his company in anticipation of this news.
3) LC fails to announce results early in the week and instead their PR guy posts a herp derp "I got nothin' and I can't phone home."
4) CreativeX expresses his displeasure on a public forum, but does not change his position because he's not the type to freak out easily.

I apologize if you find my comments offensive in some way, but I'm not a cheerleader. There are plenty of those around anyway. I'm an investor commenting in the appropriate location. If you do not like my comments then click ignore.

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August 28, 2013, 12:42:50 PM
 #4115



I'm just LOL'ing at this point.

Sure, you little financial geniuses, sure the price is going to be lower after they get chips in hand.

Of course.  Keep betting that way.  What could go wrong?
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August 28, 2013, 12:43:13 PM
 #4116

Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share

150mhs/.4mhs = 375x valuation

2.8btc/375 = .0074 price per share of labcoin

hmm, maybe your calculation is incorrect

say LC share is now 0.003 per share and its 0.4Mh/s

AM say its 3 btc per share, you say its 150Mh/s ok

therefore multiply 1000 to 0.003 to bring it to 3btc,  therefore its Mh/s will also be 1000 x .4 = 400Mh/s per share at 3 btc for LC thats if you have 1000 share of 0.003.

so LC wins, correct me if wrong
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August 28, 2013, 12:45:13 PM
 #4117

Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share

150mhs/.4mhs = 375x valuation

2.8btc/375 = .0074 price per share of labcoin

Wrong calculation.

Labcoin has 10 million shares. AM just has 400,000. Network hashrate of ASICMiner has been around 40TH/s, although including miner sales they seem to consistently deliver dividends more than 20% of network on average, which is around 110TH/s. By doing this calculation like this you are effectively undervaluing Labcoin by 25x. You also undervalued AM by about a half, so effectively you underestimated Labcoin by a magnitude, if Labcoin were ever to be as big as AM.

The correct number based on your rationale should be around 0.1/share.
you are wrong.
hasher87
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August 28, 2013, 12:47:56 PM
 #4118

anddddd the ship is going down

goddammit nad
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August 28, 2013, 12:48:20 PM
 #4119

I was ball parking with the .0074 and just opening up discussion. Obviously AM has a huge track record and LC has yet to have a hash hashing. Other factors are that LC also intends to sell hardware and intends to have ~10 times the 4 THs online within a month after bringing the initial 4 online.  

Though we don't have much evidence, I found the screen shot of the pestering of the I-Tec Pro employee pretty solid confirmation as it seemed like a legit reply from an employee of a company being bothered by random strangers who start Instant Messaging out of a forum. Also the poster who posted the screenshot has had consistent "nuanced" English and I doubt he could fabricate that easily.

So I believe labcoin is on track and if so should see a price around .0075 at least by mid September.
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August 28, 2013, 12:49:15 PM
 #4120

LC does seem promising, but let's not kid ourselves. AM is the 500lbs gorilla in the room and has already faced and overcome many of the problems with large scale deployment that LC management hasn't even had to deal with yet and they're late to the party with a soon to be obsolete process node. I think they did it right developing 130nm chips first, but they'll need to transition away from those chips very quickly.

According to the (purported) IRC conversation (http://bcoinnews.com/theseven-confirms-working-with-labcoin/) with TheSeven they have indeed been working on 65nm chips. Nobody outside Labcoin can be sure, but I'm sure they know they need to be quick. The current price can be justified by holding merely 1% of network, so I won't worry about this prospect just yet.

On the other hand, ActiveMining has around 4x the valuation despite even less release of information...

Yep. TheSeven being on the team is one of the principle reasons I purchased IPO shares as it's instant street cred.

I have never purchased a single share of ActM or AMC.

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