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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041989 times)
velacreations
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September 09, 2013, 01:47:49 AM
 #5841

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.

Deployment is proceeding according to plans and pictures of the devices will be revealed later. Hashing will start on the promised date.

Sentiment survey:

What if they go the "we started hashing today, dividends will be payed later this week, pictures and chip documentation are coming soon" route on the 10th?

share price only goes to .007, instead of .01.

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radiumsoup
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September 09, 2013, 01:47:55 AM
 #5842

bi refers to 2, not twice
more or less, yep.

Bicentennial = 200 years (two centennials, or two one-hundred years)
Semicentennial = 50-year anniversary (Oklahoma celebrated this for their statehood in 1957)
Biannual = 2 years, like some obscure races (human powered submarine, for one)
Semiannual = every 6 months (see your local discount furniture store sales for examples)
Bimonthly = every 2 months (like your girlfriend's period in Jr. high school)
Semimonthly = every half a month (many employers use this to ensure exactly 24 pay periods)
Biweekly = every 2 weeks (many other employers pay on this schedule for 26 pay periods per year)
Semiweekly = twice per week (some Ye Olde Tyme newspapers did this a lot, as news wasn't all that easy to come by for a daily paper back then)

I can't believe I'm contributing to this. Hopefully it dies here.

edit: (oopsie on cut and paste when moving lines around)
velacreations
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September 09, 2013, 01:49:28 AM
 #5843

bi refers to 2, not twice
more or less, yep.

Bicentennial = 200 years (two centennials, or two one-hundred years)
Semicentennial = 50-year anniversary (Oklahoma celebrated this for their statehood in 1957)
Biannual = 2 years, like some obscure races (human powered submarine, for one)
Semiannual = every 6 months (see your local discount furniture store sales for examples)
Bimonthly = every 2 months (like your girlfriend's period in Jr. high school)
Semimonthly = every half a month (many employers use this to ensure exactly 24 pay periods)
Biweekly = every 2 weeks (many other employers pay on this schedule for 26 pay periods per year)
Semiweekly = twice per week (some Ye Olde Tyme newspapers did this a lot, as news wasn't all that easy to come by for a daily paper back then)

I can't believe I'm contributing to this. Hopefully it dies here.

I know, but the British want to change the meaning of "bi" to "twice" for this one.  Roll Eyes

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September 09, 2013, 01:50:03 AM
 #5844

If we were to start hashing within the next 24-48 hours why has there been no informational update from Labcoin? We should have chip information, board information and other details in regards to the hardware that is suppose to go online sometime tomorrow. Pictures of the hardware fully assembled. Maybe even screenshots of them doing test hashing before they are fully up and operational. There is too little information coming out from management.
velacreations
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September 09, 2013, 01:50:41 AM
 #5845

bifocals = two focals
bicycle = two wheels
bilingual = two language
binary = two numbers only, that is 0 & 1

biweekly = two weeks

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September 09, 2013, 01:51:44 AM
 #5846

bi weekly is every two weeks, semiweekly means twice a week.

Yes, but colloquially people have muddled up the meaning of biweekly so it can now mean either twice a week or every two weeks. Needs clarification.

For me, biweekly is twice per week and fortnightly is every two weeks. I've already PM'd TheSwede asking for clarification. If their plan is once every 2 weeks, I'd rather them switch to once per round.
biweekly is twice per week, bimonthly is twice per month, biyearly is twice per year

Biweekly means twice a week in England, where English comes from. "Bi" comes from the Latin "bis" meaning "twice", hence bi-weekly means twice-weekly.
my english education is based on 'English' English, so i concur with the above statement Cheesy

Well, I am English, and I say bi-weekly means twice per week. Wikipedia says biweekly means twice per week in the UK. The dictionaries give both meanings and if you Google bi-weekly, you'll see discussions about whether it means once every two weeks or twice per week.

Just because you say it's one of them, doesn't make it so. That's also true for me as well. We need to wait to get it clarified like I said, as it actually does mean both.
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September 09, 2013, 01:52:37 AM
 #5847

If we were to start hashing within the next 24-48 hours why has there been no informational update from Labcoin? We should have chip information, board information and other details in regards to the hardware that is suppose to go online sometime tomorrow. Pictures of the hardware fully assembled. Maybe even screenshots of them doing test hashing before they are fully up and operational. There is too little information coming out from management.
Incomplete news would result in only more speculation. News will come when it's ready. If you're bullish on this, I recommend keeping some dry powder on the sidelines - the natives seem restless.
velacreations
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September 09, 2013, 01:54:44 AM
 #5848

Well, I am English, and I say bi-weekly means twice per week. Wikipedia says biweekly means twice per week in the UK. The dictionaries give both meanings and if you Google bi-weekly, you'll see discussions about whether it means once every two weeks or twice per week.

Just because you say it's one of them, doesn't make it so. That's also true for me as well. We need to wait to get it clarified like I said, as it actually does mean both.
I'm just saying bi = two in every other use (it never means twice), so it stands to reason that it would mean "two weeks" not "twice a week".

Logically speaking, paying a dividend every 2 weeks is more realistic than paying twice a week.

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September 09, 2013, 01:57:28 AM
 #5849

If we were to start hashing within the next 24-48 hours why has there been no informational update from Labcoin? We should have chip information, board information and other details in regards to the hardware that is suppose to go online sometime tomorrow. Pictures of the hardware fully assembled. Maybe even screenshots of them doing test hashing before they are fully up and operational. There is too little information coming out from management.

Questions that have been asked 100000000 times, there are no answers.

Make your own choices based on that.  The uncertainty isn't going away for you.
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September 09, 2013, 02:06:48 AM
 #5850

If we were to start hashing within the next 24-48 hours why has there been no informational update from Labcoin? We should have chip information, board information and other details in regards to the hardware that is suppose to go online sometime tomorrow. Pictures of the hardware fully assembled. Maybe even screenshots of them doing test hashing before they are fully up and operational. There is too little information coming out from management.

Possible reason: to create more momentum when they do announce the news.

As far as I recall they did promise pictures of finished boards before they start hashing. Though this wasn't mentioned in the latest announcements, but earlier. From the IRC Q&A (but that's not the only reference):

[12:20] <dexX7> labcoin_dev: so the chips are ready soon. how's the status of the boards?
[12:21] <+labcoin_dev> The boards are near their design completion and will be tested as soon as we have the chips
[12:21] <+labcoin_dev> we'll post pictures of the boards very soon

[12:22] <@San1ty_> labcoin_dev: How many boards do you have ready for testing when the chips arrive? How long will it take after testing to get all the board you need, set them up with chips and get them hashing?
[12:23] <+labcoin_dev> it will take about   7-10 days to get all the boards up and running probably
[12:23] <+labcoin_dev> and, for the first run, we have 500 boards on order

Vigil
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September 09, 2013, 02:51:29 AM
 #5851

Do any of you have the issue on BTCT that after about 10 minutes the real-time ticker stops updating? I have to close it and reopen it every few minutes to get updates.
AngelSky
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September 09, 2013, 03:02:10 AM
 #5852

Do any of you have the issue on BTCT that after about 10 minutes the real-time ticker stops updating? I have to close it and reopen it every few minutes to get updates.

Just read the source code, it's in the script -.-

I'm doing a webservice live that will do better than that.. Will release beta soon Wink

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Vigil
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September 09, 2013, 03:05:58 AM
 #5853

Do any of you have the issue on BTCT that after about 10 minutes the real-time ticker stops updating? I have to close it and reopen it every few minutes to get updates.

Just read the source code, it's in the script -.-

I'm doing a webservice live that will do better than that.. Will release beta soon Wink
I don't know what you are telling me. Reading the source code is going to give me real-time data? Or are you talking about scraping?
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September 09, 2013, 03:09:28 AM
 #5854

Do any of you have the issue on BTCT that after about 10 minutes the real-time ticker stops updating? I have to close it and reopen it every few minutes to get updates.

Just read the source code, it's in the script -.-

I'm doing a webservice live that will do better than that.. Will release beta soon Wink
I don't know what you are telling me. Reading the source code is going to give me real-time data? Or are you talking about scraping?

Seems there is some kind of timeout in the script. You have to refresh the webpage to reset the timeout. I'm actually working on a real live website to display the realtime trades without the need to refresh.

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September 09, 2013, 03:09:54 AM
 #5855

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.

Deployment is proceeding according to plans and pictures of the devices will be revealed later. Hashing will start on the promised date.

Sentiment survey:

What if they go the "we started hashing today, dividends will be payed later this week, pictures and chip documentation are coming soon" route on the 10th?

share price only goes to .007, instead of .01.

haha right.. a company doing many technical things, but they can't take 2 minutes to take a picture and upload it like my grandma could. If there's no pictures and proof of hashing when they report hashing.. it is 100% a scam. No ifs and or buts about it. The fact that they are suppose to be hashing soon and there isn't 1 pic of any sort of progress.. also speaks wonders. Honestly everything points so bad in the direction of a scam, I will be super shocked and humbled if they come through. I will eat my words and accept it. As of now I think there's less then a 5% chance that happens though.

Also the fact that he just threw out dates like.. "will be hashing no later then sept 10th". How did he know? He's never done this before. He doesn't know what it takes to turn thousands of chips into working machines. He also said no later then the 10th which meant it very well could have come early.. which is hasn't. So magically.. this prediction he made on something he has never done before is going to come true on the exact day he said it wouldn't be any later then. And not 1 single picture of them setting up or anything. It's just going to all happen in an instant on the last day apparently. WOW
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September 09, 2013, 03:11:54 AM
 #5856

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.

Deployment is proceeding according to plans and pictures of the devices will be revealed later. Hashing will start on the promised date.

Sentiment survey:

What if they go the "we started hashing today, dividends will be payed later this week, pictures and chip documentation are coming soon" route on the 10th?

share price only goes to .007, instead of .01.

haha right.. a company doing many technical things, but they can't take 2 minutes to take a picture and upload it like my grandma could. If there's no pictures and proof of hashing when they report hashing.. it is 100% a scam. No ifs and or buts about it. The fact that they are suppose to be hashing soon and there isn't 1 pic of any sort of progress.. also speaks wonders. Honestly everything points so bad in the direction of a scam, I will be super shocked and humbled if they come through. I will eat my words and accept it. As of now I think there's less then a 5% chance that happens though.

I was asking myself when would I see here guys screaming: "it's a scam". Thanks I got my answer now. Btw, don't you think they are already hashing?

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velacreations
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September 09, 2013, 03:17:21 AM
 #5857

for real time info, just go to http://kryptotrader.com/

(I am in no way associated with that site, but it is good for watching trades live)

AngelSky
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September 09, 2013, 03:18:36 AM
 #5858

for real time info, just go to http://kryptotrader.com/

(I am in no way associated with that site, but it is good for watching trades live)

I love it too

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velacreations
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September 09, 2013, 03:22:34 AM
 #5859

we've seen a decent run up today in anticipation.  People want to get on the train before it leaves the station tomorrow.

How high will it go before the news?  Will it break .004?

EDIT:  and now the ActM selling starts, that means a LC buy is coming up...  Grin

AngelSky
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September 09, 2013, 03:25:25 AM
 #5860

we've seen a decent run up today in anticipation.  People want to get on the train before it leaves the station tomorrow.

How high will it go before the news?  Will it break .004?

EDIT:  and now the ActM selling starts, that means a LC buy is coming up...  Grin

To break 0.004 we need something more I guess. People still want to make a good price < 0.004. It might change soon and see the ask wall become thiner.

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