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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042132 times)
drawingthesun
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September 14, 2013, 04:56:40 AM
 #8821

What is this off to the side?

Just a camera defect. Nothing too concerning.
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September 14, 2013, 04:56:57 AM
 #8822



Labcoin's ASIC boards - completed.

That looks more like 5 mm technology but still looks so real compared to their pic Grin
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September 14, 2013, 04:57:12 AM
 #8823

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.

We are fine!

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mixdio
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September 14, 2013, 04:57:18 AM
 #8824

****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.


+1

No power circuitry, no vias, no ground plane. This board looks very odd.
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September 14, 2013, 04:58:43 AM
 #8825

No power circuitry, no vias, no ground plane. This board looks very odd.

I don't understand how they can even get the PCB wrong.
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September 14, 2013, 04:58:58 AM
 #8826

****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.


+1

No power circuitry, no vias, no ground plane. This board looks very odd.

Another option is that the PCB manufacturer completely fucked up with incorrect boards.
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September 14, 2013, 05:05:02 AM
 #8827

****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.


+1

No power circuitry, no vias, no ground plane. This board looks very odd.


What is the controller board? he says these are the blades without the controller board.  Could the controller board have all that other shit?  I dont know shit about electronics.  Undecided
FloatesMcgoates
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September 14, 2013, 05:05:53 AM
 #8828

hey look simple order book examination coupled with a rudimentary knowledge of previous trading behavior shows that the price will now go back to .0025+ within the hour
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September 14, 2013, 05:05:54 AM
 #8829

****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.


+1

No power circuitry, no vias, no ground plane. This board looks very odd.


What is the controller board? he says these are the blades without the controller board.  Could the controller board have all that other shit?  I dont know shit about electronics.  Undecided
There are no traces running to the chips - unless it is on the other side of the board.
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September 14, 2013, 05:06:01 AM
 #8830

User TheSwede75 is now Offline

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September 14, 2013, 05:06:57 AM
 #8831

just pay someone on fiverrr to go to their office and take some pics. problem solved

ok
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September 14, 2013, 05:07:43 AM
 #8832

THIS:
****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.


and THIS:
POST THE MINING ADDRESS

⚠ WARNING ⚠ LABCOIN is definitely going south, and it isn't over ⚠
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September 14, 2013, 05:07:53 AM
 #8833

hey look simple order book examination coupled with a rudimentary knowledge of previous trading behavior shows that the price will now go back to .0025+ within the hour

You mean... in 6 weeks (or more, or never).

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September 14, 2013, 05:09:33 AM
 #8834

just pay someone on fiverrr to go to their office and take some pics. problem solved

except this office listed doesn't exist..it's a virtual office assigned by offshore incorporation agency

FloatesMcgoates
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September 14, 2013, 05:09:57 AM
 #8835

hey look simple order book examination coupled with a rudimentary knowledge of previous trading behavior shows that the price will now go back to .0025+ within the hour

You mean... in 6 weeks (or more, or never).
nah i mean shortly, doesn't even matter what the fundamentals of the company look like because no additional statements will be given out in the next  few hours and the market will do what the market has always been doing.
superduh
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September 14, 2013, 05:10:03 AM
 #8836

just pay someone on fiverrr to go to their office and take some pics. problem solved

except this office listed doesn't exist..it's a virtual office assigned by offshore incorporation agency

no, the one in the shenzhen high tech building of sorts.

ok
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September 14, 2013, 05:12:36 AM
 #8837

just pay someone on fiverrr to go to their office and take some pics. problem solved

except this office listed doesn't exist..it's a virtual office assigned by offshore incorporation agency

no, the one in the shenzhen high tech building of sorts.

and where is the address given for that?, someone will go down no problem

 Nanshan high-tech park

Office, pictures:
we’ll be getting an office in the Nanshan high-tech park, shenzhen
we’ll have up to 25 kW electricity link available and plenty of room conditioning, initially we’ll be rolling out our own datacenter
Lab is located in SZ, at the university facility, we’ll be moving shorty to another office

ok
dexX7
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September 14, 2013, 05:13:47 AM
 #8838

You guys are nuts. Pushing the same stuff in 30 seconds intervals in a circle jerk of 3-5 accounts over and over again is far beyond of what I tolerate.

For visibility:

UPDATE:

The Labcoin team is current tweaking boards and preparing for prodution
roll out of mining operation. Public mining address/Pool name will
be released as soon as the mining operation reaches a stable hash rate.

We are aware a lot of people are waiting for a address or pool name
where they can follow the hash rate and this is a priority, however
Labcoin also does not want the same kind of 'hysteria' that surrounds
ASICMINER every time pool rate drops or increases.

Once the miners have been deemed '100%' and can reliably mine 24/7 hash
rate will be made public and a new website will be launched where
shareholders can follow the growth in hash rate.

The 130 nm Chips run at approx 1.8 GH/s and the boards are still being
tweaked and tested so that once full production roll out starts
(approx 1-2 weeks) they will mine reliably 24/7

Labcoin has already ordered and will take delivery of OVER 100,000 chips
with accompanying boards and controllers for miner production and
rollout through the month of October.

Within 20 days (early Oct) approx 20TH will be online. Hash rate will
then progressively reach over 50TH of mining power during the month
of October as miners are brought online.

The mining operation will then be scaled up as miners are deployed and
will reach and pass 100TH+ in November to reach 500TH during the
month of December.

Other news:

Gen 2 65nm development is on track. Due to the fast increase in network
diff Labcoin will likely not sell or
ship volume 130nm orders but rather work towards quick tape out and
first run of 65 nm for bulk customer orders and consumer miners.

The 130 nm chips are still highly profitable for mining in datacenter in
China due to the short lead time and availabilty of resources etc.

Labcoin sees no reason to risk shipping chips at this point when the
team can just build miners on-site in China and reach very high
revenue mining with the chips instead of selling them to end users.


TLDR; Miners are being tweaked and tested still and deployment of
'significant' hash rate will be happening in the next two weeks, to reach
approx 20TH within 20 days. During October 50TH+ will be rolled out, to
reach 100TH+ in November and 500TH during the month of December.
65 nm is on track.

I will also post pictures of board and chips in about 2minutes.

Edit: here are chips and boards.http://imgur.com/4yuBc9A

To clarify. Hash goal for Dec is 500th+ and that is from chips that are already ordered using IPO funds. Short term goal is 20 TH within 20 days, 50TH in Oct and 100+ in November. We consider it likely that we surpass both Oct and November goals.


https://bitcointalk.org/index.php?topic=263445.msg3148724#msg3148724


https://bitcointalk.org/index.php?topic=263445.msg3148974#msg3148974

What is this off to the side?

Something on the lense. It's pretty nice visible if you see both pictures at the same time. Smiley

AngelSky
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September 14, 2013, 05:14:32 AM
 #8839

Remember that 0.0016 => 0.0021 was the beginning of some promises (long time ago when the difficulty was not so high) ? Then we waited and waited and waited. What do you expect weeks and weeks later with nothing more than.. weird boards, unassembled chips, no answer to ESSENTIAL questions and lies ? This stock deserves it.

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ferskvare
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September 14, 2013, 05:15:16 AM
 #8840

So, could all the people who have sold off, called scam etc, just gtfo now? Please? I wake up to 20 pages of "This user is currently ignored", gifs, and some news from Labcoin. Look, it's pretty simple: it's either a scam or it's not. If it is, well, fuck me, right. If it's not, great. I haven't sold a single share since IPO, and I'm not about to. I risked the little BTC I had. All that will happen if it's a scam, is I will lose some BTC. I'd rather take a chance. Sure, they might suck at PR. But all the haters in here, need to go back to the trollbox on btce or something. I seriously don't understand why you keep hanging around here..
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