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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042601 times)
Bitcycle
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September 14, 2013, 03:39:24 PM
 #9361

It's ridiculous to argue about whether they're mining or not.


They are not.

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drawingthesun
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September 14, 2013, 03:39:41 PM
 #9362

The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

If they have a rig, then posting the rig and assembled boards makes more sense than posting these parts. (In fact why not just post both?)

There is no evidence pointing towards a 2TH/s rig existing at all. Its likely the missing chips have been taken off to do hash testing (and they got a few to hash) but no combined rig exists and their 2TH/s claim comes from a expectation that full assembly would have been far easier than it actually is.

Have they actually been solomining with a 2TH/s rig? I don't think so. Have they taken some chips and managed to maybe get them to hash? Perhaps.
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September 14, 2013, 03:41:49 PM
 #9363

I own both AM and LC.

If they have a rig why not post pictures?

No idea.

Look at this picture though. Notice how some of the chips are missing?



The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

Like I said before even if they are mining 2TH is nothing compared to 20TH in about 3 weeks, then 50TH, then 500TH. The fact that they have chips and boards is amazing when all the other companies just have dicks in their hands. Its only a matter of time they get everything worked out and 100, 000 chips come online.
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September 14, 2013, 03:42:39 PM
 #9364

Mab, you have been at this for hours now.  Go out for a walk and get some fresh air.  Perhaps that might allow the truth to seep in. It's over before it begun. Accept the inevitable.

https://mybitcoin.garden
Bitcoin game where you can earn up to 220% on each planted garden!
Mabsark
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September 14, 2013, 03:43:19 PM
 #9365


Okay, so you admit that they have chips and boards. Do you admit that it's possible that Labcoin could assemble that hardware and mine with it? If that's possible, then clearly it's illogical to insist that Labcoin are definitely not mining.

The missing chips from the tray suggest that some miners have been assembled.


They have shown things that looks like some chips and boards, but it means nothing.

How do we know they work? by mining with them, and how do we know they are mining, but seeing proof. Their update claim they have been mining with 2TH since a week ago, and should be now at 4TH. Yet the most critical thing is actually showing us at least some proof (apparently live hash rate like what ASICMINER did is too much to ask?). We would've been content with a simple mining reward address, yet so far ZERO proof has shown.

You didn't get the proof you wanted, that doesn't mean they're not mining though. The fact that some chips are missing from the tray suggests that they are being used.

Why do you assume the tray was ever  full?

Well, if it wasn't and we assume that the tray contains all LC's chips, then that 9 * 8 = 72 chips with each tray containing 160 chips. Why such an odd number? It would make more sense if there were 80 chips or the tray was full, but 72 chips makes it less plausible.
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September 14, 2013, 03:43:28 PM
 #9366

I own both AM and LC.

If they have a rig why not post pictures?

No idea.

Look at this picture though. Notice how some of the chips are missing?



The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

Like I said before even if they are mining 2TH is nothing compared to 20TH in about 3 weeks, then 50TH, then 500TH. The fact that they have chips and boards is amazing when all the other companies just have dicks in their hands. Its only a matter of time they get everything worked out and 100, 000 chips come online.

I can have some chips in my hands too, can I prove they can hash? No. Did labcoin prove their chips can hash? No, so Labcoin has basically the samething as I do, just some chips.

The difference is labcoin claimed they can indeed hash, and is actually hashing at supposedly 4TH atm, yet they refuse to provide ANY proof at all.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
JohnyBigs
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September 14, 2013, 03:48:45 PM
 #9367

I own both AM and LC.

If they have a rig why not post pictures?

No idea.

Look at this picture though. Notice how some of the chips are missing?



The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

Like I said before even if they are mining 2TH is nothing compared to 20TH in about 3 weeks, then 50TH, then 500TH. The fact that they have chips and boards is amazing when all the other companies just have dicks in their hands. Its only a matter of time they get everything worked out and 100, 000 chips come online.

I can have some chips in my hands too, can I prove they can hash? No. Did labcoin prove their chips can hash? No, so Labcoin has basically the samething as I do, just some chips.

The difference is labcoin claimed they can indeed hash, and is actually hashing at supposedly 4TH atm, yet they refuse to provide ANY proof at all.

They most likely hashed for a short while until they ran into issues, hence their statement of the boards not being 100% for 24/7 mining. No other way to explain missing chips they clearly used them for something. 

Secondly,  if you have chips and boards in your hand its only a matter of time before you get everything to work.
Bitcycle
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September 14, 2013, 03:50:56 PM
 #9368


Secondly,  if you have chips and boards in your hand its only a matter of time before you get everything to work.

Unless the chips and/or boards don't work at all.

velacreations
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September 14, 2013, 03:51:29 PM
 #9369

They most likely hashed for a short while until they ran into issues, hence their statement of the boards not being 100% for 24/7 mining. No other way to explain missing chips they clearly used them for something. 

Secondly,  if you have chips and boards in your hand its only a matter of time before you get everything to work.

hmm, and all they had to do was post photos of assembled hardware... or post a mining address...

JohnyBigs
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September 14, 2013, 03:54:15 PM
 #9370

They most likely hashed for a short while until they ran into issues, hence their statement of the boards not being 100% for 24/7 mining. No other way to explain missing chips they clearly used them for something. 

Secondly,  if you have chips and boards in your hand its only a matter of time before you get everything to work.

hmm, and all they had to do was post photos of assembled hardware... or post a mining address...

What would a mining address prove if they didn't hash for long enough to find a block?
BombaUcigasa
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September 14, 2013, 03:55:46 PM
 #9371

They most likely hashed for a short while until they ran into issues, hence their statement of the boards not being 100% for 24/7 mining. No other way to explain missing chips they clearly used them for something.  

Secondly,  if you have chips and boards in your hand its only a matter of time before you get everything to work.

hmm, and all they had to do was post photos of assembled hardware... or post a mining address...

I can post those in like 3 minutes if they buy me 20% in my share evaluation... why is it difficult for them?

Again, has nobody considered my post with pictures here: https://bitcointalk.org/index.php?topic=263445.msg3152956#msg3152956 ?
velacreations
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September 14, 2013, 03:57:15 PM
 #9372

What would a mining address prove if they didn't hash for long enough to find a block?
photos of assembled hardware would prove that they have assembled hardware.

I admit, a mining address is worthless if they aren't mining.  So, we can assume they are not mining, right?

AM4Bitcoin
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September 14, 2013, 03:57:48 PM
 #9373

They most likely hashed for a short while until they ran into issues, hence their statement of the boards not being 100% for 24/7 mining. No other way to explain missing chips they clearly used them for something. 

Secondly,  if you have chips and boards in your hand its only a matter of time before you get everything to work.

hmm, and all they had to do was post photos of assembled hardware... or post a mining address...

What would a mining address prove if they didn't hash for long enough to find a block?

Hash on a pool, is it that hard?

bullish on Bitcoin + Peercoin
velacreations
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September 14, 2013, 03:58:53 PM
 #9374

Hash on a pool, is it that hard?

It is, if you don't have assembled hardware...  Grin

drawingthesun
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September 14, 2013, 03:59:21 PM
 #9375

The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

If they have a rig, then posting the rig and assembled boards makes more sense than posting these parts. (In fact why not just post both?)

There is no evidence pointing towards a 2TH/s rig existing at all. Its likely the missing chips have been taken off to do hash testing (and they got a few to hash) but no combined rig exists and their 2TH/s claim comes from a expectation that full assembly would have been far easier than it actually is.

Have they actually been solomining with a 2TH/s rig? I don't think so. Have they taken some chips and managed to maybe get them to hash? Perhaps.

I'm quoting myself because I think its the best explanation for the mining and I want Johny and Mabsark to respond. See if they think my scenario is illogical.
JohnyBigs
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September 14, 2013, 03:59:36 PM
 #9376

What would a mining address prove if they didn't hash for long enough to find a block?
photos of assembled hardware would prove that they have assembled hardware.

I admit, a mining address is worthless if they aren't mining.  So, we can assume they are not mining, right?

Most likely they arent or at least continually they said themselves they need to tweak the boards still so they run 100%
boyohi
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September 14, 2013, 04:01:27 PM
 #9377

And if they are not hashing, they are not hashing?!! so whats the problem? Go invest in ASICMINER; get lost!

I'm going to stay right here.

And say it again-

They are not hashing. They have nothing online.

They do not have an assembled board.

They never said they were not hashing. They just said 2TH but not 100% up time need tweaks. I'm perfectly fine holding on to LC. I do admit they need some PR lessons but things aren't looking too well on AM also.

I own both AM and LC.
Is your stomach ok? Wink

Ironclad
JohnyBigs
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September 14, 2013, 04:05:02 PM
 #9378

The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

If they have a rig, then posting the rig and assembled boards makes more sense than posting these parts. (In fact why not just post both?)

There is no evidence pointing towards a 2TH/s rig existing at all. Its likely the missing chips have been taken off to do hash testing (and they got a few to hash) but no combined rig exists and their 2TH/s claim comes from a expectation that full assembly would have been far easier than it actually is.

Have they actually been solomining with a 2TH/s rig? I don't think so. Have they taken some chips and managed to maybe get them to hash? Perhaps.

I'm quoting myself because I think its the best explanation for the mining and I want Johny and Mabsark to respond. See if they think my scenario is illogical.

No its very logical, that's what I said they probably got a bunch of boards to run for 2th for a bit until they ran into problems, but again even if they hashed at 2TH at 100% run time, who cares. 2TH is nothing compared to 50-500TH when all said and done.  2TH mining doesn't excite me when they get up to 10-20 then I'll care.

Again they have chips and boards only a matter of time before everything is tweaked and works as intended.
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September 14, 2013, 04:07:51 PM
 #9379

We do believe in what we are doing and we will continue with the usual energy and dedication.
Again, advice for those who are holding is to wait until 30/10/2013 to take any final decision, those interested in acquiring
shares should just take advantage of the current cheap prices.

Quote
Last Active:    Today at 04:57:41 PM

Goodbye Labcoin!

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
labcoin
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September 14, 2013, 04:10:45 PM
 #9380

We do believe in what we are doing and we will continue with the usual energy and dedication.
Again, advice for those who are holding is to wait until 30/10/2013 to take any final decision, those interested in acquiring
shares should just take advantage of the current cheap prices.

Quote
Last Active:    Today at 04:57:41 PM

Goodbye Labcoin!

We are here to stay and everyone who is having doubts will have to change his opinion once we show what we achieved.
Again, we advise anyone to purchase more shares now that they are cheap.

http://labcoin.com - Proprietary ASIC technology
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