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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042254 times)
Bitcycle
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September 14, 2013, 06:07:57 AM
 #8961

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

I'm looking at below IPO for my next buy.
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September 14, 2013, 06:08:01 AM
 #8962

** 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.



Thats not boards thats their business cards...

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velacreations
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September 14, 2013, 06:09:24 AM
 #8963

what's funny is to see people selling AM and ActM, and then a little while later, seeing a buy on Labcon.  Wow, that's risky.  I hope they know what they are doing.

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September 14, 2013, 06:10:48 AM
 #8964

this thread blows regardless of the outcome

+1
N_S
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September 14, 2013, 06:10:53 AM
 #8965

Did I miss an update of pictures/addresses?

Why are people buying?
Bitcycle
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September 14, 2013, 06:11:14 AM
 #8966

Remember, Swede is the guy who promised an update in "48 hours" and then only AFTER the deadline had passed said it was a miscommunication.

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September 14, 2013, 06:11:23 AM
 #8967

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.

If this is true price should correct to IPO value. (if this is not a scam, remember scam = 0)


Why is it so hard to have a picture of the mining rig and your assembled boards?

Please reply TheSwede75.
Because they don't have any.

I wonder how they got to 2TH/s?

25 second-hand Avalons?
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September 14, 2013, 06:11:27 AM
 #8968

Did I miss an update of pictures/addresses?

Why are people buying?

They think this is "as usual", but it is not  Grin

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foxykah
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September 14, 2013, 06:11:40 AM
 #8969

Did I miss an update of pictures/addresses?

Why are people buying?

Because they are dangerously dumb. They will regret it in T + 1 hour

Good things come to those who wait.
Vigil
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September 14, 2013, 06:11:40 AM
 #8970

Did I miss an update of pictures/addresses?

Why are people buying?
They are just playing the swings.
velacreations
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September 14, 2013, 06:11:47 AM
 #8971

Did I miss an update of pictures/addresses?

Why are people buying?

bull trap

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September 14, 2013, 06:12:00 AM
 #8972

Did I miss an update of pictures/addresses?

Why are people buying?

its probably swede or crapcoin itself. Those buy-iins always happen when they are online.

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SoylentCreek
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September 14, 2013, 06:12:36 AM
 #8973

Did I miss an update of pictures/addresses?

Why are people buying?

They're anticipating a rebound. Heh!

Was I helpful or insightful?  Feel free to say thanks! 1PuoasR1dYtNq9yYNJj9NreDAfLEzc3Vpe
AngelSky
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September 14, 2013, 06:12:52 AM
 #8974

@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!

No answer ? Let me guess, you need 6 weeks more to answer ?

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Vigil
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September 14, 2013, 06:13:25 AM
 #8975

Did I miss an update of pictures/addresses?

Why are people buying?

They're anticipating a rebound. Heh!
A new update in a couple days with pics and updated hashing rates.
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September 14, 2013, 06:13:31 AM
 #8976

What a shameful display.  Embarrassed
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September 14, 2013, 06:13:39 AM
 #8977

@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!

No answer ? Let me guess, you need 6 weeks more to answer ?

6 weeks™

Good things come to those who wait.
SoylentCreek
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September 14, 2013, 06:14:41 AM
 #8978

Did I miss an update of pictures/addresses?

Why are people buying?

They're anticipating a rebound. Heh!
A new update in a couple days with pics and updated hashing rates.

"Two weeks" anyone? Grin

Was I helpful or insightful?  Feel free to say thanks! 1PuoasR1dYtNq9yYNJj9NreDAfLEzc3Vpe
velacreations
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September 14, 2013, 06:14:56 AM
 #8979

When can we expect evidence of your hash rate?
Never™

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September 14, 2013, 06:15:47 AM
 #8980

When can we expect evidence of your hash rate?
Never™

When Portal 2 and HL3 leave beta.

Good things come to those who wait.
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