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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
limbaugh
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September 14, 2013, 04:37:44 AM
 #8801

Why does TheSwede continue to associate with Labcoin? He must have known this last update was going to kill off the price before he posted it.
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Bitcycle
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September 14, 2013, 04:39:04 AM
 #8802

Quote
The website will be updated this week in order to show our live hashing rate
is this still gonna happen?

If they're not hashing, it shows the rate live right now!


 Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin
bitrocket
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September 14, 2013, 04:40:05 AM
 #8803

****WARNING to all Labcoin Shareholders****

People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.

I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.

I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.

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limbaugh
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September 14, 2013, 04:41:37 AM
 #8804

****WARNING to all Labcoin Shareholders****

People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.

I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.

I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.


Thanks, but I think the regulars here are already out. There seems to be only one cheerleader left - he still own some.lol
AngelSky
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September 14, 2013, 04:41:53 AM
 #8805

****WARNING to all Labcoin Shareholders****

People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.

I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.

I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.



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carpetbagger
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September 14, 2013, 04:45:09 AM
 #8806

The rats always desert the sinking ship first :p

Keep clam & hodl on
Bitcycle
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September 14, 2013, 04:45:34 AM
 #8807





Heh. This pic still cracks me up.
matt4054
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September 14, 2013, 04:47:17 AM
 #8808

LABCOIN hashing rate for the 6 weeks to come:

Luckybit
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September 14, 2013, 04:47:21 AM
 #8809

****WARNING to all Labcoin Shareholders****

People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.

I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.

I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.


Thanks, but I think the regulars here are already out. There seems to be only one cheerleader left - he still own some.lol

It's not a bad idea to own a small small percent and treat it as a complete gamble because thats what it is. Just be prepared to see fall to IPO prices at least over the next several days. If they give a significant update or pay dividends it could rise but they'll have to do that before Oct 30th. I think if you got in at IPO you're fairly safe to stay in but if you got in at above 0.002 you can expect to lose money. People aren't going to pay much more than the IPO price.

The real question is why make investors wait all week for bad news? They could have announced the bad news at the beginning of the week and it would have been smarter because payday is Friday and some people would have boosted the price back up for a weekend recovery.
Vigil
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September 14, 2013, 04:49:32 AM
 #8810





Heh. This pic still cracks me up.

Those boards look nothing like the board on the website and as was mentioned, no traces going to the chips.
Luckybit
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September 14, 2013, 04:49:37 AM
 #8811





Heh. This pic still cracks me up.

It shows they have chips and circuit boards. It doesn't show that they have the expertise to know what to do with them.
Vigil
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September 14, 2013, 04:51:44 AM
 #8812

The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.
Bitcycle
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September 14, 2013, 04:51:54 AM
 #8813

"We haven't solved a block yet, but when we do, the solution will contain the digits '0,1,2,3,4,5,6,7,8,9'."

Bitcycle
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September 14, 2013, 04:52:55 AM
 #8814

The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.


Dude, wirewrapping.

Now the deployment delays make total sense!
AngelSky
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September 14, 2013, 04:53:35 AM
 #8815

I found the labcoin lab. Here is the picture of some people curious about this guy called "labcoin" taking photos:

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matt4054
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September 14, 2013, 04:53:44 AM
 #8816

"We haven't solved a block yet, but when we do, the solution will contain the digits '0,1,2,3,4,5,6,7,8,9'."



AND the hash of the block will start with plenty of zeroes, promised!
Vigil
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September 14, 2013, 04:55:02 AM
 #8817

The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.


Dude, wirewrapping.

Now the deployment delays make total sense!



Labcoin's ASIC boards - completed.
Rawted
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September 14, 2013, 04:55:32 AM
 #8818

What is this off to the side?


drawingthesun
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September 14, 2013, 04:56:09 AM
 #8819

.0023

I think this is the last chance to get out Johny. You are lucky muppets have buy orders set so high (0.0023)
Vigil
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September 14, 2013, 04:56:20 AM
 #8820

What is this off to the side?

A rat turd.
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