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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042200 times)
Bitcycle
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September 14, 2013, 03:11:00 AM
 #8681

Here's the most charitable version of things I can imagine-

They do have assembled boards, and they did kinda sorta hash for a while. But there was some sort of issue and the chips are not hashing at any meaningful level at present.

They took pictures for internal use when the chips and boards came in. For reasons beyond our comprehension, they thought that would suffice. Maybe they're naive Chinese engineers who have never even seen examples of decent PR, much less done it themselves.  I don't know.  


But they thought the proud shot of chips and boards arriving, which made them happy as it is indeed a milestone to have your own chips and own boards in your own company, they thought that would work for us too.

I don't think they're close to being operational, though, even if I'm as charitable as I can possibly be about the pictures.
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September 14, 2013, 03:11:25 AM
 #8682

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.

You are not understanding me are you? Its ok if they were hashing and then it broke, fine!

But they should at least have a mining rig and assembled boards to get that far. And then photos would be easy.

Unless they lied and have never assembled and never hashed.
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September 14, 2013, 03:11:57 AM
 #8683

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.

Poe's law?
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September 14, 2013, 03:12:08 AM
 #8684

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?

The eAsic thing?
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September 14, 2013, 03:12:34 AM
 #8685

Yes the name Ken Slaughter raises no suspicions at all lmao. So ken when did you come up with this fake ass name? About a week ago, ohh great news!
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September 14, 2013, 03:13:24 AM
 #8686


They MUST have assembled a board by now.  If mean, if they have the chips and they have the boards...there's no possible way they haven't put them together.

They MUST have done it, just out of eagerness if nothing else.

Even if they don't work, why not take a picture of one?

It's so confusing.
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September 14, 2013, 03:13:37 AM
 #8687

What was interesting with Labcoin was the timing. Seems the only advantage they got is gone forever. Unless they have some timeback machine.

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pheaonix
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September 14, 2013, 03:13:41 AM
 #8688

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?

the only announcement i remember is where they released the easic press release and share price tripled and then returned to slightly above normal.

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, 03:13:54 AM
 #8689

Yes the name Ken Slaughter raises no suspicions at all lmao. So ken when did you come up with this fake ass name? About a week ago, ohh great news!

I think you're off topic.  We are talking about the fact that Labcon is a complete scam.

They do have a photo, just no actual hardware.

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September 14, 2013, 03:15:01 AM
 #8690

Does anyone on this board actually still hold shares?

Or will admit to it, anyway? Tongue

I have no probs admitting it. Smiley Labcoin shares have been a good store of value since I got them. Many stocks tanked in that time (ActiveMining, BASIC, Cognitive, even AM...) and I'm still in profit, so I'm not doing too bad. Labcoin has far better prospects than active mining. Though I admit Active have a far wider selection of logos.

Keep clam & hodl on
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September 14, 2013, 03:15:43 AM
 #8691


They MUST have assembled a board by now.  If mean, if they have the chips and they have the boards...there's no possible way they haven't put them together.

They MUST have done it, just out of eagerness if nothing else.

Even if they don't work, why not take a picture of one?

It's so confusing.
Because they have boards and chips but there is something else preventing them from assembling the boards, such as they just got the boards and/or chips in within the past couple days.
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September 14, 2013, 03:15:53 AM
 #8692

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.

You are not understanding me are you? Its ok if they were hashing and then it broke, fine!

But they should at least have a mining rig and assembled boards to get that far. And then photos would be easy.

Unless they lied and have never assembled and never hashed.

I understand you what im saying is even they ran into problems or just lied because they are delayed it doesn't matter in the end if they have 500th. They already have chips or boards its only a matter of time they gey everything working.
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September 14, 2013, 03:16:11 AM
 #8693


They MUST have assembled a board by now.  If mean, if they have the chips and they have the boards...there's no possible way they haven't put them together.

They MUST have done it, just out of eagerness if nothing else.

Even if they don't work, why not take a picture of one?

It's so confusing.

the simplest explanation?  It has been and is complete and utter bullshit.

they lied to everyone over and over again.  Why would you assume that photo is the truth?  At what point do you stop to realize that every single piece of shit that has come out of this company has been to pull the wool over your eyes?  

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September 14, 2013, 03:17:12 AM
 #8694

Yes the name Ken Slaughter raises no suspicions at all lmao. So ken when did you come up with this fake ass name? About a week ago, ohh great news!

I think you're off topic.  We are talking about the fact that Labcon is a complete scam.

They do have a photo, just no actual hardware.
but... but... i thought a picture says more than a 1000 hardwares....

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velacreations
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September 14, 2013, 03:17:26 AM
 #8695

They already have chips or boards its only a matter of time they gey everything working.

yeah, their actions speak so much to their competence to actually getting something to work..

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September 14, 2013, 03:17:59 AM
 #8696

LABCOIN IS OFFLINE. GOOD LUCK WITH YOUR SHARES.

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September 14, 2013, 03:18:56 AM
 #8697

Yes the name Ken Slaughter raises no suspicions at all lmao. So ken when did you come up with this fake ass name? About a week ago, ohh great news!

I think you're off topic.  We are talking about the fact that Labcon is a complete scam.

They do have a photo, just no actual hardware.
but... but... i thought a picture says more than a 1000 hardwares....

yeah, I tried to tell you guys, they were never hashing.

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September 14, 2013, 03:19:24 AM
 #8698


They MUST have assembled a board by now.  If mean, if they have the chips and they have the boards...there's no possible way they haven't put them together.

They MUST have done it, just out of eagerness if nothing else.

Even if they don't work, why not take a picture of one?

It's so confusing.

the simplest explanation?  It has been and is complete and utter bullshit.

they lied to everyone over and over again.  Why would you assume that photo is the truth?  At what point do you stop to realize that every single piece of shit that has come out of this company has been to pull the wool over your eyes?  

Again your mentally retarded with 800k they could of pulled the wool much better if they were trying to scam people. The fact that  this statement does not compute in your head is amazing.
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September 14, 2013, 03:20:56 AM
 #8699

Labcoin is offline.

Its over.
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September 14, 2013, 03:21:11 AM
 #8700


They MUST have assembled a board by now.  If mean, if they have the chips and they have the boards...there's no possible way they haven't put them together.

They MUST have done it, just out of eagerness if nothing else.

Even if they don't work, why not take a picture of one?

It's so confusing.

the simplest explanation?  It has been and is complete and utter bullshit.

they lied to everyone over and over again.  Why would you assume that photo is the truth?  At what point do you stop to realize that every single piece of shit that has come out of this company has been to pull the wool over your eyes?  

Again your mentally retarded with 800k they could of pulled the wool much better if they were trying to scam people. The fact that  this statement does not compute in your head is amazing.

How does it feel to hold shares of a mining company that is... not mining ?

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Anonymity Fair Play Cryptocurrency New Platforms
А platform that will change the world of poker!
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  ♠    ♦    ♣      JOIN US!
ICO Starts: Oct 26th 2017 
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