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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041603 times)
redbeans2012
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September 13, 2013, 01:54:45 PM
 #8001

I own too many shares of this stock.
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September 13, 2013, 01:56:34 PM
 #8002

it's also possible these guys aren't experienced in designing building deploying mining hardware, not to mention developing drivers.

so, it's also possible these guys did give it a go and failed, it's perfectly understandable if they didn't anticipate everything that can go wrong which can easily set them back a few days.

Let's just see what they do or say, and really it's best to be open and honest.
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September 13, 2013, 01:56:38 PM
 #8003

What Labcoin has promised are PICTURES. He never said anything about providing an address.... so if that's what you are expecting, prepare to be disappointed.

They are hashing solo, it would take a couple of days to find a block. And if they are indeed having to fix some last minute issues, they could well have the miner turned off for most part of the last days, so they may not even have found a block yet, and therefore there is no address to share.

The team is scattered on various countries, thus we have to coordinate to release anything. I'll see if i can get a screenshot of the hashing rate or something, but more pictures will be posted in the next few days, we will deploy the same mechanism ASICMINER uses for signing found blocks and publish them on our website.

Nah, he said he would provide the ASICMINER signing mechanism LATER, not TODAY. TODAY he promised pictures (actually he promised pictures by the weekend, so we may not even get pictures today).

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September 13, 2013, 02:01:36 PM
 #8004

We do not have 10 TH of chips out of nowhere, we said that we will setup block labeling as soon as we reach that speed, which could be on the first days of october, so in "about" two weeks, or mid october. We will outsource deployment and assembly for the next batch of chips so that we will proceed at a much faster pace in the future.
Why do people find it so hard to parse this sentence? Undecided

We do not have 10 TH of chips out of nowhere, we said that we will setup block labeling as soon as we reach that speed, which could be on the first days of october, so in "about" two weeks, or mid october. We will outsource deployment and assembly for the next batch of chips so that we will proceed at a much faster pace in the future.

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September 13, 2013, 02:03:28 PM
 #8005

We do not have 10 TH of chips out of nowhere, we said that we will setup block labeling as soon as we reach that speed, which could be on the first days of october, so in "about" two weeks, or mid october. We will outsource deployment and assembly for the next batch of chips so that we will proceed at a much faster pace in the future.
Why do people find it so hard to parse this sentence? Undecided

We do not have 10 TH of chips out of nowhere, we said that we will setup block labeling as soon as we reach that speed, which could be on the first days of october, so in "about" two weeks, or mid october. We will outsource deployment and assembly for the next batch of chips so that we will proceed at a much faster pace in the future.

in "about" two weeks (tm)
mid-october = end of october
so, in the BTC world it means in november.

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September 13, 2013, 02:05:48 PM
 #8006

We do not have 10 TH of chips out of nowhere, we said that we will setup block labeling as soon as we reach that speed, which could be on the first days of october, so in "about" two weeks, or mid october. We will outsource deployment and assembly for the next batch of chips so that we will proceed at a much faster pace in the future.
Why do people find it so hard to parse this sentence? Undecided

We do not have 10 TH of chips out of nowhere, we said that we will setup block labeling as soon as we reach that speed, which could be on the first days of october, so in "about" two weeks, or mid october. We will outsource deployment and assembly for the next batch of chips so that we will proceed at a much faster pace in the future.

They never finished high school.
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September 13, 2013, 02:07:08 PM
 #8007

I own too many shares of this stock.
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September 13, 2013, 02:08:13 PM
 #8008

If you missed the poll: https://bitcointalk.org/index.php?topic=293588.0

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velacreations
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September 13, 2013, 02:13:35 PM
 #8009

What Labcoin has promised are PICTURES. He never said anything about providing an address.... so if that's what you are expecting, prepare to be disappointed.

They are hashing solo, it would take a couple of days to find a block. And if they are indeed having to fix some last minute issues, they could well have the miner turned off for most part of the last days, so they may not even have found a block yet, and therefore there is no address to share.

pictures are worthless, and address and stamped blocks are proof of hashing.  That's what people want, proof of hashing.

if they haven't found a block by now, chances are, they haven't been hashing since they said they were.  And if they are not, why haven't they told us?

Nah, he said he would provide the ASICMINER signing mechanism LATER, not TODAY. TODAY he promised pictures (actually he promised pictures by the weekend, so we may not even get pictures today).
actually, they promised pictures before hashing started.

So, if they post pictures today, we can probably assume hashing hasn't started...  Grin

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September 13, 2013, 02:17:44 PM
 #8010

What Labcoin has promised are PICTURES. He never said anything about providing an address.... so if that's what you are expecting, prepare to be disappointed.

They are hashing solo, it would take a couple of days to find a block. And if they are indeed having to fix some last minute issues, they could well have the miner turned off for most part of the last days, so they may not even have found a block yet, and therefore there is no address to share.

pictures are worthless, and address and stamped blocks are proof of hashing.  That's what people want, proof of hashing.

if they haven't found a block by now, chances are, they haven't been hashing since they said they were.  And if they are not, why haven't they told us?

Nah, he said he would provide the ASICMINER signing mechanism LATER, not TODAY. TODAY he promised pictures (actually he promised pictures by the weekend, so we may not even get pictures today).
actually, they promised pictures before hashing started.

So, if they post pictures today, we can probably assume hashing hasn't started...  Grin

Pictures may be worthless to you, but where I come from they are worth 1000 words.

I will be happy with pictures. Showing the miner (even if it looks pretty rubbish) and a screenshot of cgminer or whatever showing 2TH/s +/- 25%.

Know what's happening in cryptoworld: www.coinschedule.com
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September 13, 2013, 02:18:46 PM
 #8011

Pictures may be worthless to you, but where I come from they are worth 1000 words.

I will be happy with pictures. Showing the miner (even if it looks pretty rubish) and a screenshot of cgminer or whatever showing 2TH/s +/- 25%.

they are really worth 2 words: easily faked

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September 13, 2013, 02:21:15 PM
 #8012

Pictures may be worthless to you, but where I come from they are worth 1000 words.

I will be happy with pictures. Showing the miner (even if it looks pretty rubish) and a screenshot of cgminer or whatever showing 2TH/s +/- 25%.

they are really worth 2 words: easily faked

Yeah, everything can be faked my friend. Even the address you praise so much, they could have bought some used Avalons with the IPO money... in truth, we will only know 100% that everything was legit, around January 2014 when enough dividends were paid to cover to more than double the IPO price. Before that, I'm afraid you'll just have to ride the wave.

Know what's happening in cryptoworld: www.coinschedule.com
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September 13, 2013, 02:23:06 PM
 #8013

Hehe nice one  Cheesy

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September 13, 2013, 02:27:19 PM
 #8014


Yeah, everything can be faked my friend. Even the address you praise so much, they could have bought some used Avalons with the IPO money... in truth, we will only know 100% that everything was legit, around January 2014 when enough dividends were paid to cover to more than double the IPO price. Before that, I'm afraid you'll just have to ride the wave.

yeah, but at least with an address and stamped blocks, we know they are hashing.  Sure, it might not be on their hardware, but it is at least hashing.

Their credibility is at stake right now.  They mess this one up, and no one will give a shit about LC in Jan 2014.

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September 13, 2013, 02:28:12 PM
 #8015

Pictures may be worthless to you, but where I come from they are worth 1000 words.

I will be happy with pictures. Showing the miner (even if it looks pretty rubish) and a screenshot of cgminer or whatever showing 2TH/s +/- 25%.

they are really worth 2 words: easily faked

Yeah, everything can be faked my friend. Even the address you praise so much, they could have bought some used Avalons with the IPO money... in truth, we will only know 100% that everything was legit, around January 2014 when enough dividends were paid to cover to more than double the IPO price. Before that, I'm afraid you'll just have to ride the wave.

Thank you, somebody has a understanding of the nature in which we long term entrepreneurial investors think.
Anything can be faked. Whats the point in investing in any bitcoin stock, they could all be elaborate scams? Ha ha, some people will just come up with a million excuses as to why their too p***Y to invest and hold. their emotions over take. Yes you lambaugh
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September 13, 2013, 02:28:32 PM
 #8016


Yeah, everything can be faked my friend. Even the address you praise so much, they could have bought some used Avalons with the IPO money... in truth, we will only know 100% that everything was legit, around January 2014 when enough dividends were paid to cover to more than double the IPO price. Before that, I'm afraid you'll just have to ride the wave.

yeah, but at least with an address and stamped blocks, we know they are hashing.  Sure, it might not be on their hardware, but it is at least hashing.

Their credibility is at stake right now.  They mess this one up, and no one will give a shit about LC in Jan 2014.

Right. Just don't expect to get that address today. You won't. They made it very clear that it will come later.

Know what's happening in cryptoworld: www.coinschedule.com
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September 13, 2013, 02:29:52 PM
 #8017


Yeah, everything can be faked my friend. Even the address you praise so much, they could have bought some used Avalons with the IPO money... in truth, we will only know 100% that everything was legit, around January 2014 when enough dividends were paid to cover to more than double the IPO price. Before that, I'm afraid you'll just have to ride the wave.

yeah, but at least with an address and stamped blocks, we know they are hashing.  Sure, it might not be on their hardware, but it is at least hashing.

Their credibility is at stake right now.  They mess this one up, and no one will give a shit about LC in Jan 2014.

Right. Just don't expect to get that address today. You won't. They made it very clear that it will come later.

Where exactly was this made "very clear"?
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September 13, 2013, 02:32:39 PM
 #8018

We do not have 10 TH of chips out of nowhere, we said that we will setup block labeling as soon as we reach that speed, which could be on the first days of october, so in "about" two weeks, or mid october. We will outsource deployment and assembly for the next batch of chips so that we will proceed at a much faster pace in the future.

So.... they won't do the same thing twice. They will deal with the "people want to see the blocks" issue only once, and that's by implementing block labeling in OCTOBER.

Know what's happening in cryptoworld: www.coinschedule.com
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September 13, 2013, 02:42:40 PM
 #8019

Right. Just don't expect to get that address today. You won't. They made it very clear that it will come later.

then expect the stock to tank.  simple as that.

no one is going to buy in based on promises, anymore.  They've shown that they can't keep 'em (pictures by hashing, locking shares, 48 hours, etc, etc)

They promised the block stamps this week, now they moved that until October.  Interesting how these deadlines keep moving...

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September 13, 2013, 02:43:33 PM
 #8020

We do not have 10 TH of chips out of nowhere, we said that we will setup block labeling as soon as we reach that speed, which could be on the first days of october, so in "about" two weeks, or mid october. We will outsource deployment and assembly for the next batch of chips so that we will proceed at a much faster pace in the future.

So.... they won't do the same thing twice. They will deal with the "people want to see the blocks" issue only once, and that's by implementing block labeling in OCTOBER.

You actually plan to wait until OCTOBER before you get any friggin evidence on that they're hashing?
Man, I want to have your faith. But actually though, I don't.
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