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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1039949 times)
N_S
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September 14, 2013, 05:59:54 AM
 #8941

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.

Nothing's to say that won't happen, but we know Labcoin isn't going to deliver. ActM hasn't outright lied to their shareholders and to be perfectly frank, Ken has done an excellent job communicating as of late. Things are certainly looking up for ActM and it's tough to deny.
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Ytterbium
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September 14, 2013, 05:59:56 AM
 #8942

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.

Sorry, an eASIC press release is pretty much proof of working tech.  I think ActM has a lot of issues but their chips should have zero problems.  They'll actually have the exact same wiring as the FPGAs they're copied from, as they are using an FPGA copy process - which means 100% testability as well.  

The problems I see for them are putting together circuitboards, delay, and so on. Plus competing directly with hashfast and cointerra in the same time frame.

Labcoin's major benefit was it's time to market, and that's being eaten away.

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September 14, 2013, 06:00:34 AM
 #8943

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.

Sorry, an eASIC press release is pretty much proof of working tech.  I think ActM has a lot of issues but their chips should have zero problems.  They'll actually have the exact same wiring as the FPGAs they're copied from, as they are using an FPGA copy process - which means 100% testability as well.  

The problems I see for them are putting together circuitboards, delay, and so on. Plus competing directly with hashfast and cointerra in the same time frame.

Labcoin's major benefit was it's time to market, and that's being eaten away.

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Bitcycle
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September 14, 2013, 06:00:58 AM
 #8944

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.

Indeed. We haven't even seen an assembled board.

You know those pictures were a complete joke.  Show us something real.

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September 14, 2013, 06:01:53 AM
 #8945

Things are certainly looking up for ActM and it's tough to deny.

Really? The share price is not looking up.
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September 14, 2013, 06:02:06 AM
 #8946

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.
You do not have any more info than us, right?
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September 14, 2013, 06:02:12 AM
 #8947

Indeed. We haven't even seen an assembled board.

You know those pictures were a complete joke.  Show us something real.

And they had 22 hours to get ready as well.  WTF.

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September 14, 2013, 06:02:27 AM
 #8948

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.

They have placed an order for a yet untested chip design, so ergo they will deliver superior hardware. Gotcha.

I bet they know they have to put the chip on the board.
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September 14, 2013, 06:02:51 AM
 #8949

labcoin talking about active-mining. Should we be worried ?

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ACCEPT
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  .CRYPTOCURRENCY..
███████████████████████████
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SoylentCreek
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September 14, 2013, 06:03:07 AM
 #8950

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.

Ha! This is fucking hilarious! Please, do continue.

Was I helpful or insightful?  Feel free to say thanks! 1PuoasR1dYtNq9yYNJj9NreDAfLEzc3Vpe
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September 14, 2013, 06:03:53 AM
 #8951

Things are certainly looking up for ActM and it's tough to deny.

Really? The share price is not looking up.

My guess is people are a little more gun shy now which I can't blame.
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September 14, 2013, 06:04:21 AM
 #8952

TheSweed posted this, then I guess deleted his comment:

Quote
hey have placed an order for a yet untested chip design, so ergo they will deliver superior hardware. Gotcha.

It's not an untested chip.  First of all, it's being designed by eASIC, who know what they're doing.

Second of all they're using an FPGA copy process. Their chip literally has the same structure as an FPGA, but all the "field programmable" stuff is stripped out and replaced with metal wires.

It will behave exactly the same as the FPGA it's based off of, so testing should be no problem.

The downside is it will take up a lot more space on the wafer, and thus cost more.

It may be a good investment in late October.  But there's no reason to hold the stock now.  Problem is, by pushing things back to Oct 30th, Labcoin isn't giving any reason to hold the shares either.

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September 14, 2013, 06:04:28 AM
 #8953

just broke through .002!  To DA MOON!


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September 14, 2013, 06:04:38 AM
 #8954

this thread blows regardless of the outcome

ok
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September 14, 2013, 06:04:44 AM
 #8955

just broke through .002!  To DA MOON!



rofl

EDIT: be ready for people waiting for the rebound and dump.

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  .CRYPTOCURRENCY..
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velacreations
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September 14, 2013, 06:05:50 AM
 #8956

just broke through .002!  To DA MOON!



rofl

EDIT: be ready for people waiting for the rebound and dump.

oh, you don't have to tell me, there's no way I'm touching this thing with my money.

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September 14, 2013, 06:06:15 AM
 #8957

** FRIENDLY REMINDER **

****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.


Again, this is very serious, and I think the #1 worry for those who dare to hold! I think posting this pic was worse than posting nothing after all, because after reading a bit it looks seriously screwed indeed :-/

I'm not really sure if they're that odd - most of the pins should just be power, and only a few per chip are used for serial IO. What I found quite odd was the fact they seem to have only one discrete component per chip, my guess would be a capacitor

..

And these components only have traces running to one side of the part. There's no sign of connections running to *any* pads on the chips. It's completely impossible for this to be a working circuit board.


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September 14, 2013, 06:06:30 AM
 #8958

just broke through .002!  To DA MOON!



rofl

EDIT: be ready for people waiting for the rebound and dump.

oh, you don't have to tell me, there's no way I'm toughing this thing with my money.

Even @ 0.0015 I didn't touch my Google Auth :p

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  BUY
  SELL
ACCEPT
   ███████████████████████████
  .CRYPTOCURRENCY..
███████████████████████████
.
velacreations
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September 14, 2013, 06:07:35 AM
 #8959

Even @ 0.0015 I didn't touch my Google Auth :p
me neither.  why buy @ .0015 when you can get it for .00015 tomorrow?

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September 14, 2013, 06:07:44 AM
 #8960

TheSweed posted this, then I guess deleted his comment:

Quote
hey have placed an order for a yet untested chip design, so ergo they will deliver superior hardware. Gotcha.

It's not an untested chip.  First of all, it's being designed by eASIC, who know what they're doing.

Second of all they're using an FPGA copy process. Their chip literally has the same structure as an FPGA, but all the "field programmable" stuff is stripped out and replaced with metal wires.

It will behave exactly the same as the FPGA it's based off of, so testing should be no problem.
Not only that but ActM has proof positive that they successfully negotiated a deal to provide chips. Labcoin has provided shady evidence if any at all that they successfully negotiated a chip deal with a foundry. all we have seen are some random photos of unidentifiable QFP chips. 
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