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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
Luckybit
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September 14, 2013, 05:53:30 AM
 #8921

The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.

Direct confession of a lie. They were never hashing.

Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working.



It also doesn't mean they are working. Words are double edged swords and cut both ways.

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Bitcycle
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September 14, 2013, 05:53:44 AM
 #8922

The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.

Direct confession of a lie. They were never hashing.

Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working.



Where's the 2 TH they claimed?

If they lied outright about that why shouldn't they be delisted?
drawingthesun
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September 14, 2013, 05:53:45 AM
 #8923

Yep. No one on here can claim we are FUDing. FACT: Labcoin has not and is not hashing yet.

Exactly, Labcoin say they are hashing and a week later the MOST they have is unassembled PCB's and "ASIC" chips.

So thats a lie.

But then we get called "FUDsters"

What the hell?
Ytterbium
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September 14, 2013, 05:53:59 AM
 #8924

The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.

Direct confession of a lie. They were never hashing.

Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working.

They said they had 2Th/s hashing.  They didn't say they had 2Th/s worth of chips and had gotten some of them working in a test setup.

TheSwede75
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September 14, 2013, 05:54:22 AM
 #8925

Ahem... I'll just leave this here. http://virtualminingcorp.com/  Grin

Trying real hard not to be rude when you post a counter point using a project that has a 10x higher valuation providing less proof of working tech.
Zakryze
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September 14, 2013, 05:55:21 AM
 #8926

Ahem... I'll just leave this here. http://virtualminingcorp.com/  Grin

Trying real hard not to be rude when you post a counter point using a project that has a 10x higher valuation providing less proof of working tech.

Stop beating around the bush you damn kid. PICS OR IT DIDNT HAPPEN ABOUT UR "BOARD HASHING"

plz GTFO

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AngelSky
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September 14, 2013, 05:55:35 AM
 #8927

POST THE MINING ADDRESS.

Remember ?

velacreations
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September 14, 2013, 05:55:41 AM
 #8928

Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working.

Just. Stop.  

Unless you can show conclusive evidence of hashing, don't say that you are.
Unless you can show conclusive evidence of hardware assembled, don't say it is.
Unless you can back up your comments, don't make any.

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September 14, 2013, 05:55:46 AM
 #8929



Where's the 2 TH they claimed?

If they lied outright about that why shouldn't they be delisted?

Yep, please delist this BS Burnside. Obvious deception here.
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September 14, 2013, 05:55:50 AM
 #8930

Ahem... I'll just leave this here. http://virtualminingcorp.com/  Grin

Trying real hard not to be rude when you post a counter point using a project that has a 10x higher valuation providing less proof of working tech.

They have a public agreement with a reputable company and known honesty.

What does Labcoin have?
Vigil
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September 14, 2013, 05:55:59 AM
 #8931

Ahem... I'll just leave this here. http://virtualminingcorp.com/  Grin

Trying real hard not to be rude when you post a counter point using a project that has a 10x higher valuation providing less proof of working tech.
You don't have any proof of working tech. They have a deal announced with a leading ASIC company that was published on that company's site.
matt4054
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September 14, 2013, 05:56:02 AM
 #8932

@TheSwede @labcoin

At this stage, the only thing that could make me want to buy back what I sold at loss is a clear, no-bullshit statement as to

Why you told you were hashing at 2 TH/s, then nothing about this, and seemingly nothing to be expected for 6 more weeks (did I misunderstand? Honest question, I was stunned, I could not believe it -- 6 weeks is like 2 years in BTC world right now)

What about the design issues that were raised about the PCB that can be seen on the picture? (missing components?). Are they just not soldiered like the chips so that's bare PCB, bare chips and not much more? That wouldn't be very reinsuring.

Really, I realize I may have sounded rude or trollish but I'm just frustrated by the last "update" and the perspective of "nothing for 6 weeks". And everyone on the market realizes that it will NOT hold, even at IPO price it seems, for 6 weeks.

So, sorry for the hate, but not sorry for the concerns, and still too much worried without explanations about the facts above, no matter the price!
Anotheranonlol
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September 14, 2013, 05:56:05 AM
 #8933

The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.

Direct confession of a lie. They were never hashing.

Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working.



no they are not two different things
you write that chips were hashing @ 2th ..1.8gh/s chip
thats more than 1000chips soldered to boards
so what happened?
blockchain has erased all evidence of mined blocks? chips have unsoldered themself from board? code has unwritten itself? camera can only take photo of blank chips and partial bare board designs now?

pure lies, cannot trust

Ytterbium
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September 14, 2013, 05:56:50 AM
 #8934

Where else can you go? Activemining? IPO price is a better deal than Activemining.

Oh please...

here's the thing - who's to say ActM won't have the same or similar problems when it comes to production.  Every company so far has had issues, except for Bitfury. KnC hasn't shipped yet. I think the super-well funded entries like HF and Cointerra should go smoothly, but I don't see much evidence that ActM will be able to deploy and produce at scale the way they'll need too.  They may be delayed a couple days or weeks as well.

TheSwede75
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September 14, 2013, 05:57:16 AM
 #8935

Yep. No one on here can claim we are FUDing. FACT: Labcoin has not and is not hashing yet.

Exactly, Labcoin say they are hashing and a week later the MOST they have is unassembled PCB's and "ASIC" chips.

So thats a lie.

But then we get called "FUDsters"

What the hell?

I would like to point out that I am not calling anyone FUDsters, I am also not saying that labcoin has not had 2th hashing. My statement is just based on the info I have and that is that more tweaking and calibrating is needed before Labcoin feels comfortable with stating a stable hash rate.
drawingthesun
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September 14, 2013, 05:57:24 AM
 #8936

The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.

Direct confession of a lie. They were never hashing.

Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working.



This is weasel wording Swede.

In the update when Labcoin said they were hashing at 2TH/s it was worded such that a rig was solomining and more power was being brought on soon. 1 chip can't hash at 2TH/s only a combined rig can.

So this is a lie isn't it. I don't remember last week Labcoin saying they had done chip tests and got them to hash. It was worded such that we were in business. Which is not the case.
Vigil
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September 14, 2013, 05:58:26 AM
 #8937

Where else can you go? Activemining? IPO price is a better deal than Activemining.

Oh please...

here's the thing - who's to say ActM won't have the same or similar problems when it comes to production.  Every company so far has had issues, except for Bitfury. KnC hasn't shipped yet. I think the super-well funded entries like HF and Cointerra should go smoothly, but I don't see much evidence that ActM will be able to deploy and produce at scale the way they'll need too.  They may be delayed a couple days or weeks as well.
But we don't even know that Labcoin has ASIC chips capable of hashing if they got them working. We have no evidence of any deal whatsoever.
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September 14, 2013, 05:58:55 AM
 #8938

Yep. No one on here can claim we are FUDing. FACT: Labcoin has not and is not hashing yet.

Exactly, Labcoin say they are hashing and a week later the MOST they have is unassembled PCB's and "ASIC" chips.

So thats a lie.

But then we get called "FUDsters"

What the hell?

I would like to point out that I am not calling anyone FUDsters, I am also not saying that labcoin has not had 2th hashing. My statement is just based on the info I have and that is that more tweaking and calibrating is needed before Labcoin feels comfortable with stating a stable hash rate.

Stop picking those shitty irrelevant questions and

Post mining address
Post why it is impossible to get pictures of your Mining rig
Confess your lies.

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Vigil
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September 14, 2013, 05:59:13 AM
 #8939

Yep. No one on here can claim we are FUDing. FACT: Labcoin has not and is not hashing yet.

Exactly, Labcoin say they are hashing and a week later the MOST they have is unassembled PCB's and "ASIC" chips.

So thats a lie.

But then we get called "FUDsters"

What the hell?

I would like to point out that I am not calling anyone FUDsters, I am also not saying that labcoin has not had 2th hashing. My statement is just based on the info I have and that is that more tweaking and calibrating is needed before Labcoin feels comfortable with stating a stable hash rate.
Show us pictures of assembled boards functioning properly or not. It is that simple.
matt4054
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September 14, 2013, 05:59:32 AM
 #8940

This is weasel wording Swede.

In the update when Labcoin said they were hashing at 2TH/s it was worded such that a rig was solomining and more power was being brought on soon. 1 chip can't hash at 2TH/s only a combined rig can.

So this is a lie isn't it. I don't remember last week Labcoin saying they had done chip tests and got them to hash. It was worded such that we were in business. Which is not the case.

I totally support this!

Now, what about the dividends, what will be paid out on Monday!?!

Nothing, because "we're not mining after all"?
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