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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
Mabsark
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September 14, 2013, 09:38:30 AM
 #9181

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

I think i missed the part.. where they say: we dont mine atm; we dont have the 2th.. someone has that on his clipboard?

I missed that part also and despite asking for people to provide a link to Labcoin making such a claim, nobody has yet bothered to do so for one simple reason - Labcoin never made any such claim.

here

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The project is fully funded and I have personally 100% faith that Sam and the developers can and will deliver and though mining has been delayed, every single (even the most pessimistic) calculation I have done makes selling my shares anywhere near current price a bad idea.

and here

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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.

then here

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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.


They previously said this

Quote
We're currently averaging about 2 TH/s in solo mode, and expect to deploy at least 4 TH by monday 16, to reach gradually 50 TH within October.

Whats your your definition of lieing?

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?


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September 14, 2013, 09:42:44 AM
 #9182

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

Give me strength...

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September 14, 2013, 09:45:09 AM
 #9183

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

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September 14, 2013, 09:45:41 AM
 #9184

i didn't read the last 50 pages, but did anyone else notice that there aren't any traces from the smd pads on the board? the chips should be connected in  some form of chain. i don't think those boards are worth anything.

You do understand that circuit boards have multiple layers, right?

yes, i understand that very well. i also know that smd pads are on the top or bottom layer, so the traces have to start there. since there are no vias, there are also no traces connected to the pads.

Maybe the vias are under the pads?

I'm not saying it's not strange looking. I'd certainly like to see the other side of the board, or the gerber files.

Maybe, maybe, what if..

Keep clutching at straws boys and sooner or later they'll just slip right through your fingers.

Mab said the share price would hit 0.006 not on last nights news but the previous failed attempt by Labcon to pursuade the masses they were legit.  More hot air and broken dreams.

I find it staggering that people are still here trying to pick up the pieces.  But how can you rebuild when you're wandering aimlessly in the dark with nothing left but smouldering ashes?

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Mabsark
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September 14, 2013, 09:52:26 AM
 #9185

Again, what part of that suggests that Labcoin are not mining with 2 Th/s?
Very simple ways to prove they were hashing were stated, and they did none of them.
They claim it isn't "stable"; even more reasons to use a pool and not solo mine.


Just because they never bothered using those methods acceptable to the community, that does not mean they lied about hashing at 2 Th/s. Neither does them claiming stability issues or pool mining.

Quote
What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?
Why would it matter? Do you even logic?

Because it's a blatant lie. People are claiming that Labcoin have admitted lying about hashing. I'm calling those lying cunts out because I know Labcoin said no such thing. I know that to be pure bullshit.

Spread as much FUD as you like, but if you start with the blatant lies, I'll call you on it.
Mabsark
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September 14, 2013, 09:55:29 AM
 #9186

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?
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September 14, 2013, 09:55:43 AM
 #9187

Again, what part of that suggests that Labcoin are not mining with 2 Th/s?
Very simple ways to prove they were hashing were stated, and they did none of them.
They claim it isn't "stable"; even more reasons to use a pool and not solo mine.


Just because they never bothered using those methods acceptable to the community, that does not mean they lied about hashing at 2 Th/s. Neither does them claiming stability issues or pool mining.

Quote
What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?
Why would it matter? Do you even logic?

Because it's a blatant lie. People are claiming that Labcoin have admitted lying about hashing. I'm calling those lying cunts out because I know Labcoin said no such thing. I know that to be pure bullshit.

Spread as much FUD as you like, but if you start with the blatant lies, I'll call you on it.

Ok, then what is your opinion on the current situation, and what is a stable price in your opinion?

Good things come to those who wait.
Mabsark
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September 14, 2013, 10:03:43 AM
 #9188

Again, what part of that suggests that Labcoin are not mining with 2 Th/s?
Very simple ways to prove they were hashing were stated, and they did none of them.
They claim it isn't "stable"; even more reasons to use a pool and not solo mine.


Just because they never bothered using those methods acceptable to the community, that does not mean they lied about hashing at 2 Th/s. Neither does them claiming stability issues or pool mining.

Quote
What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?
Why would it matter? Do you even logic?

Because it's a blatant lie. People are claiming that Labcoin have admitted lying about hashing. I'm calling those lying cunts out because I know Labcoin said no such thing. I know that to be pure bullshit.

Spread as much FUD as you like, but if you start with the blatant lies, I'll call you on it.

Ok, then what is your opinion on the current situation, and what is a stable price in your opinion?

They're hashing with 2 Th/s and will increasing the hash rate with time. This is not as easy or straightforward as they thought it would be, hence the stability issues. They will fix these issues or learn to work around them. They will pay dividends on the 17th.

As for a stable price, we're not going to see one until Labcoin satisfy the demands of the community.
Mabsark
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September 14, 2013, 10:06:46 AM
 #9189

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.
So I guess I can claim Space Elephants exist, even if I refuse to prove it.

You win the deluded butthurt idiot award of the day.

Of course you can make such claims, hence religions.

Also, it seems to me that you're the one who's butthurt simply from knowing that I'm not butthurt in the slightest. I maybe butthurt in November, but at the moment I'm like  Cheesy Grin
foxykah
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September 14, 2013, 10:08:07 AM
 #9190

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Good things come to those who wait.
Mabsark
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September 14, 2013, 10:08:44 AM
 #9191

Again, I don't care about them admitting to be lying or not; they're claiming things they should prove, no need to complicate things further.

Then why are you responding to my comments calling out people claiming that Labcoin admitted to telling lies about hashing? Do you even Logic?
dexX7
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September 14, 2013, 10:11:56 AM
 #9192

I think i missed the part.. where they say: we dont mine atm; we dont have the 2th.. someone has that on his clipboard?

I think it's something inbetween. They have working chips, which are hashing, but they don't operate on a productional scale yet.

Also, I'll give the following a requote, because I noticed it just now:

NOT AN UPDATE, JUST PERSONAL OPINION:

To be brutally honest. I realize that has been delays, and I also realize that communication has not always been what I wish we could provide. BUT, supporting day trading or providing updates at the whim of every single person that owns a share is just not priority.

If you do not believe Labcoin can deliver, or that somehow the team is running the world most advanced long-con ever you are well in your right to sell your shares.

The project is fully funded and I have personally 100% faith that Sam and the developers can and will deliver and though mining has been delayed, every single (even the most pessimistic) calculation I have done makes selling my shares anywhere near current price a bad idea.

I am not saying this to influence share price, but simply because it is getting a little tiring to see people yell and scream completely irrelevant information.

The chips that have been developed perform well within variance of what can be expected, boards have arrive and are arriving as we speak and mining will according to the team be up and running at production speeds within a week or two.

With 100,000+ chips already ordered I see no reason as to why the project would not yield a very healthy profit within the next month.

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.

I know its easy to have 20/20 hindsight but I feel that frequent updates do more harm then good. Feel free to voice your opinion of course (as I am sure you will).

I guess asking for some measure of reason is futile but the best I can do is to inform as best as I can. Hopefully I will be able to look back at this thread in a few months and smile.

Edit: I can personally guarantee that no one on the Labcoin team has the Photoshop skills to fake the chip/board images. Source; engineers are not artists.

Mabsark
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September 14, 2013, 10:12:50 AM
 #9193

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Of course they are. Why do you think they bothered to blag you to sell off in the first place? Just to laugh at you? No, it was to buy your shares at a cheap price.
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September 14, 2013, 10:13:43 AM
 #9194

Again, what part of that suggests that Labcoin are not mining with 2 Th/s?
Very simple ways to prove they were hashing were stated, and they did none of them.
They claim it isn't "stable"; even more reasons to use a pool and not solo mine.


Just because they never bothered using those methods acceptable to the community, that does not mean they lied about hashing at 2 Th/s. Neither does them claiming stability issues or pool mining.

Quote
What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?
Why would it matter? Do you even logic?

Because it's a blatant lie. People are claiming that Labcoin have admitted lying about hashing. I'm calling those lying cunts out because I know Labcoin said no such thing. I know that to be pure bullshit.

Spread as much FUD as you like, but if you start with the blatant lies, I'll call you on it.

Thanks for calling me a cunt, really appreciate it.
when they say they are hashing at 2th, then say mining has been delayed, then say they need more time to tweak and calibrate boards and chips before they are stable enough for production. How can they have 2th in production and get 4 th by monday when they still need time to tweak and calibrate boards and chips before they put into production.

What is your definition of lieing, do they need to admit to it fully before it is a lie?
For a lot of people that is enough for them to feel they have been misled.
Mabsark
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September 14, 2013, 10:19:05 AM
 #9195

Of course you can make such claims, hence religions.
You're so easy to play with. This is exactly the kind of reply I was expecting.
Ask yourself, is investing on religious-like beliefs sane?

No, investing on religious-like beliefs is not sane and I never said it was, or advocated such an investment strategy. I simply made a true and factual statement.

Quote
Also, it seems to me that you're the one who's butthurt simply from knowing that I'm not butthurt in the slightest. I maybe butthurt in November, but at the moment I'm like  Cheesy Grin
Why would I be? I have no stake in this whole story, I'm just here to mock people.
And your messages are pretty transparent.

Exactly, you are here to mock me and it isn't working. Not only is is not working, but I've shown that what you were saying about me was complete nonsense. That's why you are butthurt.

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Then why are you responding to my comments calling out people claiming that Labcoin admitted to telling lies about hashing?
To tell you that's not what matters.

Quote
Do you even Logic?
Try to come up with your own stuff, please.

It's funnier turning your own rantings against you.
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September 14, 2013, 10:19:31 AM
 #9196

I dont get it..

People who blame/fuck/fud/swear/whatever/dont believe in labcoin and even sold there shares, what are you doing here?
Why do you care? Why do you care about the hashing? Why do you care about the chips and boards? Get a life?

But on the other hand; everytime it hits 0020 or below the shares get eaten Wink

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September 14, 2013, 10:20:31 AM
 #9197

no other stocks are shooting up - the short term traders are just spooked.

no change for the holders - just a lot of reading 1st thing in the morning!

#FREETMAN
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September 14, 2013, 10:22:19 AM
 #9198

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?

Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play.

Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling.

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return

Mabsark
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September 14, 2013, 10:25:00 AM
 #9199

Again, what part of that suggests that Labcoin are not mining with 2 Th/s?
Very simple ways to prove they were hashing were stated, and they did none of them.
They claim it isn't "stable"; even more reasons to use a pool and not solo mine.


Just because they never bothered using those methods acceptable to the community, that does not mean they lied about hashing at 2 Th/s. Neither does them claiming stability issues or pool mining.

Quote
What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?
Why would it matter? Do you even logic?

Because it's a blatant lie. People are claiming that Labcoin have admitted lying about hashing. I'm calling those lying cunts out because I know Labcoin said no such thing. I know that to be pure bullshit.

Spread as much FUD as you like, but if you start with the blatant lies, I'll call you on it.

Thanks for calling me a cunt, really appreciate it.
when they say they are hashing at 2th, then say mining has been delayed, then say they need more time to tweak and calibrate boards and chips before they are stable enough for production. How can they have 2th in production and get 4 th by monday when they still need time to tweak and calibrate boards and chips before they put into production.

What is your definition of lieing, do they need to admit to it fully before it is a lie?
For a lot of people that is enough for them to feel they have been misled.

Your welcome. If you don't want to be called a "lying cunt" in future, then stop spreading lies and stick to FUD. Claiming that Labcoin admitted to telling lies about hashing is the actual lie. By all means, speculate on what it means but don't lie about it and then try and pass those lies off as if they came from Labcoin.
Mabsark
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September 14, 2013, 10:32:07 AM
 #9200

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?

Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play.

Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling.

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return

I'm just calling people out for spreading blatant lies. Take for example Labcoin saying that they were doing some tweaking. That somehow became "Labcoin admits to lying about hashing with 2 TH/s". That's a blatant lie as Labcoin said no such thing.


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