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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058056 times)
N_S
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September 14, 2013, 02:57:56 AM
 #8661

Yes active mining is in better position with no chips or boards lol.

Same position as Labcoin without the horrendous BFL-level reputation.

Because they haven't had any deadlines to break yet.

A little below the belt Wink

I trust ActM far more than LC. They have eASIC publically on-board which is a massive vote of confidence.
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JohnyBigs
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September 14, 2013, 02:58:05 AM
 #8662

SCAMMING 101:

1. Raise 800k
2. Buy 2TH worth of Avalons/BFL
3. Pay dividends for a month
4. Dump shares

Labcoin is a scam though, rigggggght.
velacreations
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September 14, 2013, 02:58:58 AM
 #8663

remember this?

where's Mabsark?

I'm still here, watching, waiting and laughing my arse off at you gullible fools who keep selling based on FUD, while the actual FUD spreaders are snapping up cheap shares.

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September 14, 2013, 02:59:33 AM
 #8664

SCAMMING 101:

1. Raise 800k
2. Buy 2TH worth of Avalons/BFL
3. Pay dividends for a month
4. Dump shares

Labcoin is a scam though, rigggggght.

shit, they're so incompetent, they can't even run a scam right!
 Grin

AngelSky
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September 14, 2013, 03:00:05 AM
 #8665


The SEC would be a good and fresh start yes.

Go play on the NASDAQ then. Sheesh. Keep your precious three letter agencies out of our backyard.

Don't you realize that the bitcoin world will not be unregulated forever ? Do you think you will be able to wake up one day ?

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September 14, 2013, 03:02:36 AM
 #8666

I have came to the conclusion that Labcoin will pay its dividend on time.

Because Labcoin is not a mining company, but rather a PSMCP company.

What's a PSMCP company?

A Perpetual Share Manipulation Cycle and Profit company.

The shareholders will receive a dividend from the tears of manipulated shareholders. In fact you can expect to receive your day trading loses back as a dividend!

Of course they will be "mining" without proof because the money will never even leave BTCT.co and so it will never hit the blockchain.

Yes indeed because there is so much volume to sucessfully pull this off in a thinly traded market. And these guys are so sophisticated that they cant manipulate the price extremly high, but just range trade.

Secondly, they are so smart that they couldnt just buy hashing equipment and make their lives easier. Such genius remarks you have posted lol
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September 14, 2013, 03:04:23 AM
 #8667

Someone please help it get over 0.003 again, The Show Must Go On! I guess.

More seriously, I see no reason to buy that stock in the short term (they said themselves nothing would come out before 6 weeks... 3x Two Weeks *cough*), and neither in the long run: the difficulty is going up crazy, about 50% a month, and there will likely be several flavours of 28nm ASICs not even in six weeks... so do the math!

They act like if the hold up doesn't matter, like if difficulty wasn't playing a crucial role in a matter of weeks *now*, not in 6 weeks. Well anyway... people will say they will put more hardware, but what kind of hardware, what profitability in 1, 2, 3, 6, 12 months?

Anyway...I'm out already. I was really disappointed in tonight announcement, obviously. Maybe the future will prove me wrong but I consider holding being at risk atm, sorry for supporters (and holders...)
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September 14, 2013, 03:04:35 AM
 #8668

Yes indeed because there is so much volume to sucessfully pull this off in a thinly traded market.

7 day volume on BTCT.co for Labcoin is more than all the funds raised at IPO.

This is not a thin amount of volume relative to the size of Labcoin.
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September 14, 2013, 03:04:58 AM
 #8669

Labcoin is a scam though, rigggggght.

Why not ask Labcoin for an explanation to the lie? Can you even defend the lie?
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September 14, 2013, 03:05:15 AM
 #8670

Secondly, they are so smart that they couldnt just buy hashing equipment and make their lives easier. Such genius remarks you have posted lol
no, you're right, they even suck at scamming.

redbeans2012
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September 14, 2013, 03:05:35 AM
 #8671

I just dont understand why he has to lie.

I do believe that they have chips made, I do believe they have boards made.

I'm sure most here would understand if they say they are behind schedule getting the shit together.

Is it a sign of weakness to miss a deadline in china or something?
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September 14, 2013, 03:07:08 AM
 #8672

I just dont understand why he has to lie.

I do believe that they have chips made, I do believe they have boards made.

I'm sure most here would understand if they say they are behind schedule getting the shit together.

Is it a sign of weakness to miss a deadline in china or something?

What everyone was expecting from this update was honesty (even for bad news). We got bullshit (it's a choice). The price is the consequence. /end

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drawingthesun
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September 14, 2013, 03:07:13 AM
 #8673

I just dont understand why he has to lie.

I do believe that they have chips made, I do believe they have boards made.

I'm sure most here would understand if they say they are behind schedule getting the shit together.

Is it a sign of weakness to miss a deadline in china or something?

Instead of posting unassembled chips they can post the assembled boards and the entire mining rig. That would have been a good start.

They must have the rig assembled because they said they were hashing last week.
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September 14, 2013, 03:08:09 AM
 #8674

Someone please help it get over 0.003 again, The Show Must Go On! I guess.

More seriously, I see no reason to buy that stock in the short term (they said themselves nothing would come out before 6 weeks... 3x Two Weeks *cough*), and neither in the long run: the difficulty is going up crazy, about 50% a month, and there will likely be several flavours of 28nm ASICs not even in six weeks... so do the math!

They act like if the hold up doesn't matter, like if difficulty wasn't playing a crucial role in a matter of weeks *now*, not in 6 weeks. Well anyway... people will say they will put more hardware, but what kind of hardware, what profitability in 1, 2, 3, 6, 12 months?

Anyway...I'm out already. I was really disappointed in tonight announcement, obviously. Maybe the future will prove me wrong but I consider holding being at risk atm, sorry for supporters (and holders...)

take the opportunity to buy cheap activemining shares man!

we have actually met ken in person and nothing has risen suspicion, the share price is low because some whales decided to dump out of nowhere and weak hands followed.


BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
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September 14, 2013, 03:08:50 AM
 #8675

I just dont understand why he has to lie.

I do believe that they have chips made, I do believe they have boards made.

I'm sure most here would understand if they say they are behind schedule getting the shit together.

Is it a sign of weakness to miss a deadline in china or something?

Instead of posting unassembled chips they can post the assembled boards and the entire mining rig. That would have been a good start.

They must have the rig assembled because they said they were hashing last week.
Then why wouldn't they post a picture of the rig?
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September 14, 2013, 03:09:14 AM
 #8676

Labcoin is a scam though, rigggggght.

Why not ask Labcoin for an explanation to the lie? Can you even defend the lie?

Dont need to defend anything. For all I care they could of lied because they are behind and dont want to disappoint anyone. Whatmatters Iis they have chips and boards that will put out 500TH in a few months.

Or they had 2TH running for awhile and they ran into problems. Either way 2TH or 10TH mining right now is useless with the big picture of 500TH.
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September 14, 2013, 03:09:53 AM
 #8677

Europe wakes up in 3-4 hours.  Get ready for round 2.

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September 14, 2013, 03:10:32 AM
 #8678

we have actually met ken in person and nothing has risen suspicion, the share price is low because some whales decided to dump out of nowhere and weak hands followed.

You mean it's not related to a tremendously disappointing announcement?
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September 14, 2013, 03:10:45 AM
 #8679

Friendly reminder, mining profits per hash/sec:



Do you understand what it means ? If you do, are you sure you want to invest in mining companies like labcoin that cannot assemble one or two chips with a board together ?

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September 14, 2013, 03:10:48 AM
 #8680

Labcoin is a scam though, rigggggght.

Why not ask Labcoin for an explanation to the lie? Can you even defend the lie?

Dont need to defend anything. For all I care they could of lied because they are behind and dont want to disappoint anyone. Whatmatters Iis they have chips and boards that will put out 500TH in a few months.

Or they had 2TH running for awhile and they ran into problems. Either way 2TH or 10TH mining right now is useless with the big picture of 500TH.
Why would you believe their projections if they already lied about having 2TH running?
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