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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042516 times)
JohnyBigs
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September 14, 2013, 05:16:24 PM
 #9461

Yeah 500th/december only makes 2 million the first month. What you day makes no sense, if that was the case they would just pump instead of trying to predict cycles which they won't even be able to sell out of.

Firstly I am not positive its a scam. I post an alternative point of view because if it was a scam this is how it would go. You milk as much as possible because riding might make more than one giant dump. Also if this is a scam then its not over yet, the giant dump might be on its way. For example they post a address mined with an avalon or something and in minutes the share rockets before the investors realise its not a 100TH/s miner. Then as the FUD starts they dump the whole thing and thats when its over. The whole game nets them 20,000 bitcoin +

However I think its only slightly more likely its not a scam and they have tested a few individual chips, but they can't hash them consistantly, don't have proper boards assembled and have been lying all this time. They said 2TH/s because they got 1 chip working and expected all the others to follow, but that did not happen and by then they made the post. The situation now is they might be able to get a few GH/s online but its all just falling apart.

Take one of those two, I understand you will opt for a third option, that they are really mining with a rig and assembled boards. But I don't see that as a plausible possibility.

EDIT: and getting 500TH/s online is unrealistic. This is complete and utter fantasy. No chance this was ever a possibility, especially by December's end.

Quoting myself because i'm at the end of the stupid page and I want Johny to tell me his third option to my two I presented.

Only reason I can think for option 3 is they are paranoid or have some sort of mental problem where they think they will get screwed posting before they have a very high hash rate, but I think option to is the most plausible. They might be hashing but on and off, and probably nowhere near 2th for an extended period of time as their boards need tweaking to be stable.

*tweaking* is the magic word. And btw, what is the problem telling to the shareholders that they don't want to post pictures because they fear that some competitors could take advantage of it ?

They have in the past about somethings which makes this a plausible reason
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September 14, 2013, 05:16:30 PM
 #9462

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.

So after 45 full pages this is your reply?

We do expect the first version 1 chips for early August and shortly later a working prototype, and the plan is to tape the version 2 @65nm outside university channels.

Show me the chips please!

Probably no more pictures as they only do create more confusion.

A working hardware will never create confusion.

Edit: should i create a tip wallet for tips from you people for waking up labcoin?Cheesy

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
JohnyBigs
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September 14, 2013, 05:20:06 PM
 #9463

End of the day this is the recap.

1. They have chips and boards
2. They are having some issues which is delaying them
3. In a months time everything should be taken care of

Everything else is irrevelant if they are hashing or not, the real test is after this delay for a few weeks if they get things to work or if they are delayed further.

Just let this thread die until then

AngelSky
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September 14, 2013, 05:23:06 PM
 #9464

The real recap is here:

Q: When are you going to lock the shares ?
A: *no answer*

Q: When are you going to show us the mining address ?
A: soon(tm)

Q: Why did it took you so long to show us your address ?
A: *no answer*

Q: Hmm, can we have pictures ?
A: Sure, here are two pictures of our board and some random chips.

Q: Can we see the board and the chips assembled ?
A: *no answer*

Q: What is your actual hashrate ?
A: *no answer*

Q: About the pictures, we raised some concerns about the board, what can you tell us ?
A: We won't publish any pictures, it seems to confuse our shareholders.

Thanks, AMAZING COMPANY.

EDIT: I forgot:

Q: What should we do now ?
A: Buy more shares, labcoin is awesome, trust us. You won't regret.

Q: But I lost so many BTC with you..
A: Don't worry, everything is fine. You will see. Soon it will be a 10bag. I can tell you. 100%. Buy now. Please. Now. Please.

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ShroomsKit
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September 14, 2013, 05:24:16 PM
 #9465

Labcoin-

I wasn't confused by your pictures.

You showed us some boards and some chips.  Great.  Not at all confusing. I understand they're boards and chips.

What YOU seem confused about is think that's in any way sufficient.

It's not.

Here, I'll make this easy.  

The follow items will drastically improve your relations with investors.

1 - A photo of an assembled board.

2 - A photo of computer screen showing the mining software running while attached to a board.  Ideally with hashrate, but really, just show us you're running.

3 - Tell us how many chips you have running RIGHT NOW, not at some future point.  It doesn't matter much if it's a tiny number. Right now we assume you have 0.  Any number greater than 0 is an improvement.

4- If you've found a block, tell us which one it is.

5- Give us your mining address.



Do these simple things and your stock price will soar in a matter of minutes.

Do it.



Time is money.

Its price is not a very relevant factor in its adoption....
SvanteH
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September 14, 2013, 05:25:11 PM
 #9466

This thread is hilarious, kiddy playground all around. I'll thank you all for the cheap shares at least.
drawingthesun
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September 14, 2013, 05:28:12 PM
 #9467

This thread is hilarious, kiddy playground all around. I'll thank you all for the cheap shares at least.

No worries!
Bitcycle
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September 14, 2013, 05:30:02 PM
 #9468

This thread is hilarious, kiddy playground all around. I'll thank you all for the cheap shares at least.

If you bought the ones I sold, you didn't get them cheap.  So thank you!
Vigil
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September 14, 2013, 05:31:22 PM
 #9469

Probably no more pictures as they only do create more confusion.


I'm confused... this looks like an image of a nonfunctional, fake miner that has no potential for hashing.



Clearly a functional, completed board that is absolutely capable of hashing.


kingcrimson
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September 14, 2013, 05:32:11 PM
 #9470

End of the day this is the recap.

1. They have chips and boards
2. They are having some issues which is delaying them
3. In a months time everything should be taken care of

Everything else is irrevelant if they are hashing or not, the real test is after this delay for a few weeks if they get things to work or if they are delayed further.

Just let this thread die until then



So it is irrelevant that they lied to their shareholders? Read the September 10th update and read yesterday's update.
JohnyBigs
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September 14, 2013, 05:37:06 PM
 #9471

End of the day this is the recap.

1. They have chips and boards
2. They are having some issues which is delaying them
3. In a months time everything should be taken care of

Everything else is irrevelant if they are hashing or not, the real test is after this delay for a few weeks if they get things to work or if they are delayed further.

Just let this thread die until then



So it is irrelevant that they lied to their shareholders? Read the September 10th update and read yesterday's update.

According to them they are hashing, but again it's irrelevant if they are or aren't as 2TH means nothing compared to 50TH and 500TH
Vigil
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September 14, 2013, 05:38:23 PM
 #9472

End of the day this is the recap.

1. They have chips and boards
2. They are having some issues which is delaying them
3. In a months time everything should be taken care of

Everything else is irrevelant if they are hashing or not, the real test is after this delay for a few weeks if they get things to work or if they are delayed further.

Just let this thread die until then



So it is irrelevant that they lied to their shareholders? Read the September 10th update and read yesterday's update.

According to them they are hashing, but again it's irrelevant if they are or aren't as 2TH means nothing compared to 50TH and 500TH
No it isn't. If they could not get 2 TH going AND lied about it, there is absolutely no reason to believe they will get 50 TH and especially not 500 TH.
somestranger
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September 14, 2013, 05:41:07 PM
 #9473



All I see here in these pictures (both) are a single faced PCB, with no visible core vias, a grid of chip pads and what seems to be a bigger SMD pad like a capacitor or resistor. Only the SMD component seems to have visible vias which go and fill completely the connection pads at the end of the board. So the chip pads don't seem to connect to anything, and there is only one side shown in both pictures.

It is also quite fascinating to see such simple boards where all the connection pins are routed to a single SMD component, WHICH is not actually connected on the other side to anything else. Without seeing the other side, I assume they wanted this to fool people into thinking they have some kind of pluggable/multiplex design (with a connector raised so high and needing manual soldering on each pad for power), but where is the grounding and the logic connector? Sure, it makes sense to have separate power lines and power wires for each chip, as each one could usemaybe  tens of watts of power and you need those amps to flow.

What about those bulky chips? How do they dissipate tens of watts of power that require individual power lines? Why are they so simple? Why do they have so little pins? Where the hell are the 128 pins from the image posted on the first post?



What you see in that picture is the equivalent of a stack of left side tires and several engine cylinders being presented as a state of the art automobile! Am I missing something? Are you guys still believing this crap forgery represents actual chips capable of "4.7 GH/s @ 12.8W"?

Well, now you admit that the hardware exists, we can progress.
They have chips and boards.

I have no idea if they can be assembled into a working miner because they have not done so.

So no, I don't know if the hardware is legit.

Thanks for reminding me of the possibility they aren't.



Apparently it worked for these two guys...
KCBitcoin
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September 14, 2013, 05:53:56 PM
 #9474

Labcoin-

I wasn't confused by your pictures.

You showed us some boards and some chips.  Great.  Not at all confusing. I understand they're boards and chips.

What YOU seem confused about is think that's in any way sufficient.

It's not.

Here, I'll make this easy.  

The follow items will drastically improve your relations with investors.

1 - A photo of an assembled board.

2 - A photo of computer screen showing the mining software running while attached to a board.  Ideally with hashrate, but really, just show us you're running.

3 - Tell us how many chips you have running RIGHT NOW, not at some future point.  It doesn't matter much if it's a tiny number. Right now we assume you have 0.  Any number greater than 0 is an improvement.

4- If you've found a block, tell us which one it is.

5- Give us your mining address.




Do these simple things and your stock price will soar in a matter of minutes.

Do it.


^^^Please do it, labcoin.
Being honest shows your respect to your shareholders and it is the least possible way to hurt your company.
See what happened to the share price when people find out you are intentionally hiding information from them.
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September 14, 2013, 06:01:24 PM
 #9475

Some of you folks are beyond belief. Here's what we have:

- Labcoin flat out refuses to post pictures of anything functional.

- They're apparently already up and solomining with 2TH/s and yet are unable to provide a mining address.

- The best picture they can muster after enduring hundreds of pages of shareholders asking for pictures of functioning equipment is an insulting picture of a few dozen chips and a handful of blank boards.

- They "...advise you to buy shares now that they're cheap" which is simply jaw-dropping.

Honestly, I now completely understand how and why people create scams. It makes me think this entire operation in part of a game show called: "How Credulous Can They Be?"
TMAN
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September 14, 2013, 06:04:43 PM
 #9476

Where are all the active guys? Seems to be about to slp under ipo on btct....

drawingthesun
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September 14, 2013, 06:05:31 PM
 #9477

Where are all the active guys? Seems to be about to slp under ipo on btct....

I'm still here, Active is well fucked. I am coming to terms with being a bagholder at this point. :p
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September 14, 2013, 06:07:20 PM
 #9478

Asians: I wish they weren't akward and sucked at social skills.
This!

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September 14, 2013, 06:07:32 PM
 #9479

Well then......the inevitable has happened - as I had predicted and repeatedly warned everyone on here for the past week that it would. I hope I saved someone some heartache on this one.

The next question now concerns this 0.0015 level and whether that represents the bottom for now or something else.
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September 14, 2013, 06:09:10 PM
 #9480

Well then......the inevitable has happened - as I had predicted and repeatedly warned everyone on here for the past week that it would. I hope I saved someone some heartache on this one.

The next question now concerns this 0.0015 level and whether that represents the bottom for now or something else.


Where is actives bottom Stuart?

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