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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1057973 times)
N_S
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September 06, 2013, 04:49:19 PM
 #5561

Yep, that was it! I accidentally hit ignore on a Swede post while I was browsing the forum on my phone.

Alright back to the meaningful discussions! lol
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Bitcycle
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September 06, 2013, 04:53:25 PM
 #5562


I think all the large dumps may be coming from one person. 
Stuartuk
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September 06, 2013, 05:05:23 PM
 #5563

I think it's great that people are trying to do the Math to work out the exact divs were are expecting based on:

SEP - 130 chip Hashing power, deployment/difficulty then in NOV more 130 chip hashing power, more deployment/difficulty

And someone even mentioned hardware sales.

The one question I have is - why is it that shareholders are having to do all these calculations? I mean, with a few days to go before the hashing is supposed to start kicking in shouldn't LabCoin themselves be on here doing the calculations for us?


Atleast they have the accurate figures and time scales? I would say it's not good to base your investments on forecasts from other shareholders using figures that could be wide of the mark. You should only take these predictions onboard if they come from the company shouldn't you? What do they have to say about it?
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September 06, 2013, 05:07:12 PM
 #5564

Yep, that was it! I accidentally hit ignore on a Swede post while I was browsing the forum on my phone.

Alright back to the meaningful discussions! lol



awwwww we coulda used that info to create panic for cheap shares  Cool

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September 06, 2013, 05:16:21 PM
 #5565

Yep, that was it! I accidentally hit ignore on a Swede post while I was browsing the forum on my phone.

Alright back to the meaningful discussions! lol



awwwww we coulda used that info to create panic for cheap shares  Cool

Just say hello here and you'll see a panic sell  Grin Grin Grin

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September 06, 2013, 05:25:47 PM
 #5566

Pretty sure you've made a big mistake in daily BTC outcome of both 6T and 44T. Should be around 27 and 198 respectively.

Would you mind showing your work? I'd like to see where I went wrong, if I did-

Current net hash rate is around 800T, and there's 3600 BTC a day. 4T is 0.5% of the total hash rate, thus 3600 * 0.005 = 18. So 6T is 27.


There is way more than 3600 BTC a day, because we don't have a confirmation time of 10 minutes.
And that will continue for the foreseeable future, as long as we have an increasing difficulty.
All the mining calculators and calculations like your's don't factor that in, so they are always underestimating.

I think it's silly to use time scales like day, week, month, etc. Bitcoin has it's own time scales - 2016 blocks and 210,000 blocks. By using bitcoin's natural time frames in conjunction with a constant percentage of the network, you get rid of the variability from difficulty increases. For example:

25 BTC/Block
2,016 Blocks/Round
25 * 2,016 = 50,400 BTC/Round
50,400 BTC * 0.5 / 100 = 252 BTC/Round



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September 06, 2013, 05:28:14 PM
 #5567

I think it's great that people are trying to do the Math to work out the exact divs were are expecting based on:

SEP - 130 chip Hashing power, deployment/difficulty then in NOV more 130 chip hashing power, more deployment/difficulty

And someone even mentioned hardware sales.

The one question I have is - why is it that shareholders are having to do all these calculations? I mean, with a few days to go before the hashing is supposed to start kicking in shouldn't LabCoin themselves be on here doing the calculations for us?


Atleast they have the accurate figures and time scales? I would say it's not good to base your investments on forecasts from other shareholders using figures that could be wide of the mark. You should only take these predictions onboard if they come from the company shouldn't you? What do they have to say about it?

If the maths is right, then who cares who does it?
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September 06, 2013, 05:33:45 PM
 #5568

I have spent the entire day tirelessly reading up on Labcoin from every conceivable source I could find.  The more I learn about Labcoin the more it simply doesn't add up although I think there may be some short term reward, albeit it high risk imo.  Even self proclaimed Bitcoin mining guru Mabsark who's one man campaign to turn ActM shareholders failed, is himself jumping ship from LC to Actm in November as part of his well publicised strategy.

I wish you all the best with your venture folks and I will be popping in from time to time.

And that's it, I won't be investing so I'm out.

P.S.  Get rid of that clock, it's a bad omen!

https://mybitcoin.garden
Bitcoin game where you can earn up to 220% on each planted garden!
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September 06, 2013, 05:38:06 PM
 #5569


If the maths is right, then who cares who does it?

But everybody is coming up with different figures and saying this or that is wrong. So who is right? Possibly no-one. That's why LabCoin should be on here doing the correct and best possible Maths calculations.

Who cares? lol you should but clearly don't.
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September 06, 2013, 05:40:22 PM
 #5570

I have spent the entire day tirelessly reading up on Labcoin from every conceivable source I could find.  The more I learn about Labcoin the more it simply doesn't add up although I think there may be some short term reward, albeit it high risk imo.  Even self proclaimed Bitcoin mining guru Mabsark who's one man campaign to turn ActM shareholders failed, is himself jumping ship from LC to Actm in November as part of his well publicised strategy.

I wish you all the best with your venture folks and I will be popping in from time to time.

And that's it, I won't be investing so I'm out.

P.S.  Get rid of that clock, it's a bad omen!

I think that's a bit unfair. I mean SOMEONE will make money from the crash when the hashing fails to turn up. Possibly the only way to make money from Labcoin now is to short sell it?
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September 06, 2013, 05:40:56 PM
 #5571

Who cares? lol you should but clearly don't.

I'm only a native english speaker, so I could be wrong, but I believe he said if they're right then who cares?
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September 06, 2013, 05:49:05 PM
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I'm only a native english speaker, so I could be wrong, but I believe he said if they're right then who cares?

A very sarcastic tone to your comment, but I will reply as this is important.

With his assumption being they ARE right. I questioned that assumption on the basis of none of the Maths corroborating each other.

It's a very very basic concept to understand - if three estimates from three different sources are all different then how can the Maths be right?

lol get back to me if you still don't get it.
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September 06, 2013, 05:53:11 PM
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I'm only a native english speaker, so I could be wrong, but I believe he said if they're right then who cares?

A very sarcastic tone to your comment, but I will reply as this is important.

With his assumption being they ARE right. I questioned that assumption on the basis of none of the Maths corroborating each other.

It's a very very basic concept to understand - if three estimates from three different sources are all different then how can the Maths be right?

lol get back to me if you still don't get it.

Just get out from here || buy shares @ market price like everyone else || do a real job || put a bid wall and let people who wants to dump, dump. Your market manipulation is obviously not working and this is just getting boring.

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September 06, 2013, 05:55:38 PM
 #5574

I feels in my bones that soon will be message, message from Labcoin Smiley
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September 06, 2013, 05:57:08 PM
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I would just like to say that people seem to be more interested in point scoring on this thread than in discussing LabCoin as a proposition.

Last night someone picked me up on my French spelling (missed out an 'e') but ignored my substantial points. If people are really going to be this petty when confronted with genuine concerns about the company then they do not have a rational view of the stock. They are too emotionally tied to it in my view and should be viewed with suspicion and their judgement questioned. All IMHO ofcourse.
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September 06, 2013, 06:02:23 PM
 #5576

Just get out from here || buy shares @ market price like everyone else || do a real job || put a bid wall and let people who wants to dump, dump. Your market manipulation is obviously not working and this is just getting boring.

There we are again. I opened up a valid point about div forecasts and Maths that are giving conflicting results and suggested the company should be telling US what the Maths figures are. And what was the reply to my question? There was no answer, just point scoring.

What are you people that keep shutting the questioners down on? Why won't you discuss these issues? Is there anything more important to be discussing than div payout??
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September 06, 2013, 06:11:43 PM
 #5577

I have spent the entire day tirelessly reading up on Labcoin from every conceivable source I could find.  The more I learn about Labcoin the more it simply doesn't add up although I think there may be some short term reward, albeit it high risk imo.  Even self proclaimed Bitcoin mining guru Mabsark who's one man campaign to turn ActM shareholders failed, is himself jumping ship from LC to Actm in November as part of his well publicised strategy.

I wish you all the best with your venture folks and I will be popping in from time to time.

And that's it, I won't be investing so I'm out.

P.S.  Get rid of that clock, it's a bad omen!

I've never claimed to be a mining guru and the reason I'll be jumping ship is not because I believe Labcoin will fail, it's because I think its price will have risen and will be levelling off, while ActM's will have crashed and will have started rising again when they come closer to getting their chips online.

I plan on riding the price increases of both Labcoin and ActM. I believe both Labcoin and ActM will be successful, with Labcoin seeing success first.

At the end of the year, I'll likely be holding AM, ActM and LC.
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September 06, 2013, 06:12:13 PM
 #5578

What are you people that keep shutting the questioners down on? Why won't you discuss these issues? Is there anything more important to be discussing than div payout??

Here's my thing with this: alright, you have questions that you deem legitimate and feel others should deem legitimate as well. You ask these questions and get nothing in response.

What's the play now?

Do you continue to ask the same questions? You'll likely get the same response (or lack thereof). Why do you feel people need to answer your questions (as legitimate as they may be)? If people are getting fleeced for not having answers to these questions, what can you do about that? Make them answer them? I don't think so.

So, please, come and ask questions. But leave it at that. If you don't get adequate responses, just move on - there isn't anything you can do.
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September 06, 2013, 06:14:49 PM
 #5579

What are you people that keep shutting the questioners down on? Why won't you discuss these issues? Is there anything more important to be discussing than div payout??

Here's my thing with this: alright, you have questions that you deem legitimate and feel others should deem legitimate as well. You ask these questions and get nothing in response.

What's the play now?

Do you continue to ask the same questions? You'll likely get the same response (or lack thereof). Why do you feel people need to answer your questions (as legitimate as they may be)? If people are getting fleeced for not having answers to these questions, what can you do about that? Make them answer them? I don't think so.

So, please, come and ask questions. But leave it at that. If you don't get adequate responses, just move on - there isn't anything you can do.

People shut him down because concern trolling fools no one.

Simple as that.
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September 06, 2013, 06:20:10 PM
 #5580

We seem to be rising again, on no news?

#FREETMAN
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