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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058169 times)
BlockChains
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September 14, 2013, 07:21:01 AM
 #9061

transfer into activeminer as soon as you can guise :<

it makes me feel sad to watch you guys lose your money as you watch, please put it someplace where it will grow in time, like activeminer.

I saw some titanic pictures too over there

yes - but the dive there was because of herd mentality. there was no concrete reason for the dump, otherwise i would have sold off. a whale sold off his shares which lowered the price and scared people on BF.

Not to mention the herd finally noticed that 12 week timeline that had been on the front page of the ActM spec thread for weeks and realized nothing substantial was happening until November. Don't get me wrong I think ActM is still a decent buy at close to IPO v2 prices what with confirmed eAsic public announcements. It's just a sit on it and wait kind of deal so folks who like their speculative stocks full of juicy swing trade producin' drama jumped ship for this nice and steamy pile of drama. Which they got in spades.
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demzie
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September 14, 2013, 07:22:02 AM
 #9062

WTF just woke up..
Some one could summ thngs up for me?
ThePeshMod
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September 14, 2013, 07:22:27 AM
 #9063




Cash-Out time.

You cashed out BTC 0.0025? Adorable!  Roll Eyes
Zakryze
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September 14, 2013, 07:23:12 AM
 #9064

WTF just woke up..
Some one could summ thngs up for me?
you have been sleepraped!

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SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
runam0k
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September 14, 2013, 07:23:37 AM
 #9065

Price climbing lol
BlockChains
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September 14, 2013, 07:25:17 AM
 #9066

WTF just woke up..
Some one could summ thngs up for me?

Sure.... Short version here: http://www.reddit.com/r/BitcoinStocks/comments/1mcwkv/labcoin_tanks_as_news_reveals_lies_about_hashing/
matt4054
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September 14, 2013, 07:25:51 AM
 #9067

WTF just woke up..
Some one could summ thngs up for me?

Well, I could, but I would be called a troll or a spammer for repeating myself Cheesy
Let's say a very disappointing update told us there were great things coming in the future, but nothing for now.
People are losing trust, and the price has become very volatile and nearing IPO

I guess that's the closest thing to a "neutral" summary that I could make Smiley
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September 14, 2013, 07:26:16 AM
 #9068

WTF just woke up..
Some one could summ thngs up for me?

They lied about their current situation, post rubbish pictures of random chips/boards, and refuse to post any mining address or provide pictures of currently hashing hardware (like the 2TH/s they said were already up and running.)
demzie
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September 14, 2013, 07:26:46 AM
 #9069

Again? shit...

They are still hashing or did they denied that?
foxykah
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September 14, 2013, 07:27:47 AM
 #9070

Again? shit...

They are still hashing or did they denied that?

They never started hashing, that was a lie.

Good things come to those who wait.
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September 14, 2013, 07:28:20 AM
 #9071

Again? shit...

They are still hashing or did they denied that?
they denied to be NOT hashing.
But without a fully assembled rig it seems very odd how they are mining. maybe they bought some active mining shares to be mining.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
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September 14, 2013, 07:29:40 AM
 #9072

Again? shit...

They are still hashing or did they denied that?

They never started hashing, that was a lie.

Yep. +1
BlockChains
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September 14, 2013, 07:30:34 AM
 #9073

Yeah this was the pic to "prove" they had 2 TH http://imgur.com/4yuBc9A obv it's happily hashing away....
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September 14, 2013, 07:31:33 AM
 #9074

I'm wondering what the general opinion @ LC can be.
Maybe: "We are undervalued™."

Good things come to those who wait.
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September 14, 2013, 07:31:54 AM
 #9075

Over the last 5-6 hours this thread grew by 42 pages and completely stuffed with no-content-posts. This equals a post rate of more than one post / 30 sec and this was done by approx. 5 personas at the same time.

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

AngelSky
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September 14, 2013, 07:32:18 AM
 #9076




Cash-Out time.

You cashed out BTC 0.0025? Adorable!  Roll Eyes

You are not familiar with the cashout. This is the minimum fee that cannot leave the account if the amount has to be confirmed by the btct admins  Grin

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September 14, 2013, 07:32:45 AM
 #9077

they denied to be NOT hashing.
But without a fully assembled rig it seems very odd how they are mining. maybe they bought some active mining shares to be mining.

It's more subtle than that:

They denied they *never* have been hashing,
They admitted no longer to be hashing, and never doing so at "production" scale, as far as I understand their words.
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September 14, 2013, 07:34:14 AM
 #9078

they denied to be NOT hashing.
But without a fully assembled rig it seems very odd how they are mining. maybe they bought some active mining shares to be mining.

It's more subtle than that:

They denied NOT EVER having been hashing,
They admitted NOT no longer to be hashing, and never doing so at "production" scale, as far as I understand their words.

Does not matter, if we think they told X, then they will defend themselves by saying we 'Misunderstood™' them.

Good things come to those who wait.
WikileaksDude
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September 14, 2013, 07:34:59 AM
 #9079

Just sold all my shares.... can't believe these shit....

foxykah
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September 14, 2013, 07:35:02 AM
 #9080

WHY ARE THEY BUYING @0.0024?! Somebody is going to lose...

Good things come to those who wait.
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