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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1057939 times)
BitCsByBit
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September 12, 2013, 05:45:42 AM
 #7361

CLARIFICATION:

The "48 hour" update was made based on information I received from Sam. The problem was that when I made the update Sam had already posted an update in the thread so it became pointless.

As for speculation that somehow me and TheSeven is the same person, I can only say that this of course is not the case.

TheSwede75 you know well about alter ego of project manager...how can you be waiting for his upate
and what is identity of mystery man here?

Quote from: Anonymous assistant via IRC
(06:38:03 PM) labcoin_dev: Let's start with the Q/A session. I'm a member of the chinese staff
(06:38:14 PM) labcoin_dev colleague of H.Zhenhua
(06:44:08 PM) snapeweasley: labcoin_dev: hi,what country do you live?
(06:44:48 PM) labcoin_dev: snapeweasley : germany
(06:46:42 PM) tucenaber: labcoin_dev: but you're not TheSeven?
(06:47:32 PM) labcoin_dev: tucenaber : i'm not Michael (theSeven) confirmed. I'm an assistant
(06:47:39 PM) whois labcoin_dev
(06:47:41 PM)  descr:          AltusHost Sweden Network VPS  descr:       SE-114 51 Stockholm  geoloc:         59.32758544549428 18.072509765625   descr: 31.3.155.166


Can you (or anyone else who attended) post the full unedited Q&A session log?
I found it strange looking back how TheSwede announced that the Q&A session was just about to start but didn't attend himself in the chat room.. Being the main PR guy and all, and the IP of labocoin_dev pointing to a Swedish host..  Roll Eyes


UPDATE:

The developers are now open for live Q/A on IRC irc.freenode.org - #labcoin

Labcoin is still waiting for the Bitcointalk accounts to be whitelisted. Unfortunately I will be traveling today and have very limited Internet access for a few hours, so if someone from this thread would like to transcribe the Q/A for the forum I would be very grateful.

The Founder and the Developers WILL hold Q/A sessions and answer questions here on the forum as soon as their accounts are white-listed.

TheSwede75 is located in USA.

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Ytterbium
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September 12, 2013, 05:56:26 AM
 #7362

Lets not forget the faked chip order documents with the Photoshopped logos and cut/paste stuff. Its clear as crystal, yet Labcoin dreams live on.

How do you think real forms are made?  You don't think it involves cutting and pasting?

No, usually people have templates made that you can fill in or a program that takes the information and includes it in an automated thing. Logos are included in headers and such. I guess if the company is just really sloppy.

And how do you think the templates made?

Corporations don't hire graphic designers to design every single internal form that the company uses.  Usually someone whips something up in MS Office in a few minutes, and that's that.  If it doesn't need to look pretty, it won't.

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September 12, 2013, 05:58:33 AM
 #7363


And how do you think the templates made?


I'm going to need a template of a template...

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
Bitcycle
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September 12, 2013, 06:05:25 AM
 #7364


This whole thing definitely feels weird. Something isn't completely on the up and up here.

There is no valid reason to not have posted pictures by now.

I don't think they're an outright scam, but I no longer believe they're actually hashing.  I won't believe it until I see a stamped block or they join a pool.

Self-reported hashing meter won't cut it now.



drawingthesun
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September 12, 2013, 06:10:29 AM
 #7365

This whole thing definitely feels weird. Something isn't completely on the up and up here.

I don't think they're an outright scam, but I no longer believe they're actually hashing.  I won't believe it until I see a stamped block or they join a pool.

I agree.

Think about it, you get your first 2,000 GH/s and you want to start earning back some Bitcoin, so you use a pool.

They could be mining at a pool, generating the first dividend. But nope. They are "solomining" and they will miss all the difficulty changes and lose our money.

They could be generating some amount of Bitcoin every day through a pool.

The issue with using a pool? They would have to give out their pool name because 2th/s gets you in the top 25 at btcguild.

I really think they said solomining because they are not mining at all.
Ytterbium
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September 12, 2013, 06:17:04 AM
 #7366

There are three ways to prove they're hashing. 

1) Join a pool. - most obvious method. Maybe they don't have CGMiner drivers written or something like that.
2) Mark blocks.  They say they will start doing this 'soon', which implies their software still isn't setup to do it.
3) Point to a specific address.

#3 is by far the most obvious.  In fact, you can't even mine without doing it. So if they are mining they must have a specified output address.

There is literally zero reason why they can't tell us what address their solo-mining operation is pointing too.  All they would need to do is copy and paste it out of an email and post it in the thread.

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September 12, 2013, 06:23:45 AM
 #7367

^^^ true statements.
redbeans2012
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September 12, 2013, 06:38:49 AM
 #7368

Was going to go to bed, now I see the price tanking.  Sigh
dhenson
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September 12, 2013, 06:40:37 AM
 #7369

Was going to go to bed, now I see the price tanking.  Sigh

meh.
FloatesMcgoates
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September 12, 2013, 06:40:54 AM
 #7370

Was going to go to bed, now I see the price tanking.  Sigh

go to bed so there will be less competitors to take advantage of this coming and predictable price roller coaster we have seen about 4 different times now
Bitcycle
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September 12, 2013, 06:41:52 AM
 #7371

Was going to go to bed, now I see the price tanking.  Sigh

It would be very, very simple for Labcoin to stop the tanking.


Why aren't they?

drawingthesun
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September 12, 2013, 06:42:15 AM
 #7372

Was going to go to bed, now I see the price tanking.  Sigh

Don't worry! What happens everytime the price tanks? Labcoin comes online!

So very soon Labcoin should be here to tell us how things are going.

The only reason that they would not come online is that this is the planned end of the line. If so 0.003 will be considered a good exit.
drawingthesun
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September 12, 2013, 06:43:07 AM
 #7373

Was going to go to bed, now I see the price tanking.  Sigh

It would be very, very simple for Labcoin to stop the tanking.


Why aren't they?



Because they are buying cheap shares. I am not even joking this cycle is so predictable.

Once it hits 0.002 news will come.

EDIT: they are not using their locked shares even, I am certain they have been using some of the investor funds to buy and sell shares all this time.
tucenaber
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September 12, 2013, 06:48:41 AM
 #7374

There are three ways to prove they're hashing. 

1) Join a pool. - most obvious method. Maybe they don't have CGMiner drivers written or something like that.
2) Mark blocks.  They say they will start doing this 'soon', which implies their software still isn't setup to do it.
3) Point to a specific address.

#3 is by far the most obvious.  In fact, you can't even mine without doing it. So if they are mining they must have a specified output address.

There is literally zero reason why they can't tell us what address their solo-mining operation is pointing too.  All they would need to do is copy and paste it out of an email and post it in the thread.

Perhaps email would be a better option than posting in this troll infested swamp.

sam.noi@labcoin.com
info@labcoin.com
camu6
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September 12, 2013, 06:50:00 AM
 #7375

I can't believe this thing is still above .003.

What are you guys waiting for? At the moment Labcoin is alot closer to proving themselves to be a scam than proving to be the real deal.
The last ones holding/hoping will be convinced the hard way, when Labcoin dumps it all in a final blow.

We might already be at a point, where sceptics are trying to convince Labcoin sockpuppets and the other way around.
Bitcycle
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September 12, 2013, 06:50:33 AM
 #7376

The price is going to continue dropping until proof of hashing is posted.  

This was entirely predictable. I predicted it.  

It was also entirely avoidable.
Ytterbium
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September 12, 2013, 06:51:34 AM
 #7377

Was going to go to bed, now I see the price tanking.  Sigh

Don't worry! What happens everytime the price tanks? Labcoin comes online!

So very soon Labcoin should be here to tell us how things are going.

The only reason that they would not come online is that this is the planned end of the line. If so 0.003 will be considered a good exit.

Oh come on... if this were a scam how hard would it be to buy some old Avalons and put up 2Th/s on Eligus? Along with some prototype circuitboards for a couple hundred bucks, they could easily boost the share price to the stratosphere before dumping.

drawingthesun
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September 12, 2013, 06:53:01 AM
 #7378

Was going to go to bed, now I see the price tanking.  Sigh

Don't worry! What happens everytime the price tanks? Labcoin comes online!

So very soon Labcoin should be here to tell us how things are going.

The only reason that they would not come online is that this is the planned end of the line. If so 0.003 will be considered a good exit.

Oh come on... if this were a scam how hard would it be to buy some old Avalons and put up 2Th/s on Eligus? Along with some prototype circuitboards for a couple hundred bucks, they could easily boost the share price to the stratosphere before dumping.

With the amount of (hold on news, buy cheap, give news, sell high) cycles they would make more money just using investor funds to buy and sell shares. Hell they can pay that back as a dividend instead of waiting to buy avalons. I am sure some of their money went into the ASIC, but not all!
ronaldlee0917
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September 12, 2013, 06:55:21 AM
 #7379

Wow, this is crazy, when will the dumps stop?

14:52 (S) 2709 @ 0.00301200 LABCOIN
14:52 (S) 3548 @ 0.00301300 LABCOIN
14:52 (S) 300 @ 0.00301400 LABCOIN
14:52 (S) 50 @ 0.00303500 LABCOIN
14:52 (S) 1000 @ 0.00303500 LABCOIN
14:52 (S) 164 @ 0.00330000 ACTIVEMINING
14:50 (S) 2236 @ 0.00301300 LABCOIN
14:50 (S) 3000 @ 0.00303000 LABCOIN
14:50 (S) 30 @ 0.00303000 LABCOIN
14:50 (S) 3000 @ 0.00303100 LABCOIN
14:50 (S) 6984 @ 0.00303200 LABCOIN
14:49 (S) 6516 @ 0.00303200 LABCOIN
14:49 (S) 860 @ 0.00303200 LABCOIN
14:49 (S) 1000 @ 0.00303300 LABCOIN
14:49 (S) 125 @ 0.00303300 LABCOIN
14:49 (S) 200 @ 0.00307000 LABCOIN
14:49 (S) 18 @ 0.00307200 LABCOIN
14:49 (S) 130 @ 0.00307800 LABCOIN
14:49 (S) 2000 @ 0.00308000 LABCOIN
14:49 (S) 200 @ 0.00308000 LABCOIN
14:49 (S) 3000 @ 0.00308300 LABCOIN
14:49 (S) 1 @ 0.00308300 LABCOIN
14:49 (S) 52 @ 0.00308800 LABCOIN
14:49 (S) 1000 @ 0.00308800 LABCOIN
14:49 (S) 200 @ 0.00310000 LABCOIN
14:49 (S) 199 @ 0.00310000 LABCOIN
14:49 (S) 5375 @ 0.00310000 LABCOIN
14:49 (S) 16 @ 0.00310000 LABCOIN
14:48 (S) 1 @ 0.65000000 PETA-MINE
14:47 (S) 1984 @ 0.00310000 LABCOIN
14:47 (S) 320 @ 0.00310000 LABCOIN
14:47 (S) 1000 @ 0.00310100 LABCOIN
14:47 (S) 150 @ 0.00310100 LABCOIN
14:47 (S) 1000 @ 0.00310100 LABCOIN
14:47 (S) 300 @ 0.00310200 LABCOIN
14:47 (S) 46 @ 0.00310900 LABCOIN
14:47 (S) 200 @ 0.00311100 LABCOIN
14:39 (S) 3000 @ 0.00313200 LABCOIN
14:39 (S) 1000 @ 0.00313500 LABCOIN
14:39 (S) 46 @ 0.00313500 LABCOIN
14:39 (S) 500 @ 0.00314000 LABCOIN
14:39 (S) 200 @ 0.00314100 LABCOIN
14:39 (S) 48 @ 0.00315000 LABCOIN
14:39 (S) 802 @ 0.00315100 LABCOIN
14:38 (S) 1 @ 2.24000000 ASICMINER-PT
14:36 (S) 952 @ 0.00315000 LABCOIN
14:36 (S) 44 @ 0.00316100 LABCOIN
14:36 (S) 1004 @ 0.00316200 LABCOIN
14:36 (S) 1000 @ 0.00317000 LABCOIN
14:35 (S) 2783 @ 0.00316200 LABCOIN
14:34 (S) 20000 @ 0.00320000 LABCOIN
14:34 (S) 15 @ 0.00320000 LABCOIN
14:34 (S) 2000 @ 0.00320000 LABCOIN
14:34 (S) 122 @ 0.00320000 LABCOIN
14:34 (S) 300 @ 0.00320100 LABCOIN
14:31 (S) 1000 @ 0.00333400 LABCOIN
14:30 (S) 680 @ 0.00333400 LABCOIN
14:25 (S) 320 @ 0.00333400 LABCOIN
14:15 (B) 5 @ 0.00339900 ACTIVEMINING
14:14 (S) 790 @ 0.00330000 ACTIVEMINING
14:14 (B) 10 @ 0.00267900 DMS.MINING
14:13 (B) 1 @ 0.02136000 TAT.ASICMINER
14:12 (S) 78 @ 0.00320000 LABCOIN
14:12 (S) 2000 @ 0.00320100 LABCOIN
14:12 (S) 800 @ 0.00320100 LABCOIN
14:12 (S) 2000 @ 0.00320200 LABCOIN
14:12 (S) 3800 @ 0.00320500 LABCOIN
14:12 (S) 1000 @ 0.00320800 LABCOIN

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drawingthesun
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September 12, 2013, 06:56:23 AM
 #7380

Someone just bought 1 share!
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