[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[SebastianJu]

*lol* Are you real guys? You write over 70 pages in the last couple of hours only because theswede states that the hashrate of 2TH is not as stable that they will publicly show it? And you crash the price because of that?
I should have known yesterday how low the price will go. I got some pretty cheap shares now but could have gotten way more for the bitcoins. But thats how it goes.

If they really would like to scam they would have shown you something that looks like a miner, wait till the price rises and sells. Instead they are honest and claim that the hashrate is not the way they would like it and should know what this means to the price.

I dont see this as scam yet. Im only a bit sad i didnt get more shares for the bitcoins now. There are other securities that behave way stranger.

And BombaUcigasa... what connections do you await to see on the pcb? Those are multilayer pcb's... the connections are built inside. Its the same with the bitburner. But im no technician.

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[abuelau]

*lol* Are you real guys? You write over 70 pages in the last couple of hours only because theswede states that the hashrate of 2TH is not as stable that they will publicly show it? And you crash the price because of that?
I should have known yesterday how low the price will go. I got some pretty cheap shares now but could have gotten way more for the bitcoins. But thats how it goes.

If they really would like to scam they would have shown you something that looks like a miner, wait till the price rises and sells. Instead they are honest and claim that the hashrate is not the way they would like it and should know what this means to the price.

I dont see this as scam yet. Im only a bit sad i didnt get more shares for the bitcoins now. There are other securities that behave way stranger.

And BombaUcigasa... what connections do you await to see on the pcb? Those are multilayer pcb's... the connections are built inside. Its the same with the bitburner. But im no technician.

+1

[Bitcycle]

*lol* Are you real guys? You write over 70 pages in the last couple of hours only because theswede states that the hashrate of 2TH is not as stable that they will publicly show it? And you crash the price because of that?

The price crashed because they claim to have 2TH but all they can show us are unfinished boards and loose chips.

[kingcrimson]

Honest question- if you're buying Labcoin right now, why? 

I think it is price psychology, it was trading at .003-.004 the past few weeks, now it's in the low 2's, so people think it is a bargain. 

[BombaUcigasa]

And BombaUcigasa... what connections do you await to see on the pcb? Those are multilayer pcb's... the connections are built inside. Its the same with the bitburner. But im no technician.

Maybe they are. Where do those inside connections come out to meet the other components required to control the miner, communicate over the network, etc. We only see one face.




This appears to be a "bitburner" board. Notice how it has more components, obviously you need those here too. Maybe they are not on the board, but you still need to connect them from board to board by some kind of connector, that is exposed on the surface of the board.

The question of how the number of pins in their design and the tray in the picture is not answered, and while I am not an expert in the domain, I am not sure "Multi-core 130 nm chip with power consumption of: 2.7 w/Ghash. Each chip runs at 4.7 GH/s @ 12.8W" can be put in that package with those power and performance specs.

[Bitcycle]

I have explained very simply the steps they need to take as soon as possible.

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.

[N_S]

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

Wait.. You believe being LESS forthcoming about your operation is the smart path forward?

Yes. Now, what does this say to you?

[VolanicEruptor]

Why can't we see the entire board?  I can't see the right side of it.. maybe there are more components?

[SebastianJu]

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.

Do you still confirm that these two pictures represent reality?




If so, please explain how the number of pins is different (128 vs 44) between the design and the boards/tray. You may also explain how the "giggahashes" send the results to the internet through the resistor/capacitor pin (which seems to be the only one thing connectable on the board). Or perhaps you might think this board filled with hardware and software enthusiasts is full of morons that can't figure out you are technically unequipped to deliver your promise?
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Again... im no technician... what pins do you mean? The chip pins and the one on the board match. And the pcb doesnt look like they plan to connect a lan-cable on it. It would be stupid to try in the large plans they have. They only use the pcb for hashing and all the other work is outsourced to another part of the miner. So that they only have to plug in a miner card to enhance hashrate. At least thats how the pcb look to me.
What experience do you have in hardware?

And yes it might be that the other side is more interesting, i really dont know how many parts HAS to be on THAT pcb. I mean theoretically the only things such a pcb has to have would be pins for the chips, vias (only if the heat has to be taken away through the pcb and not from the top of the chip) and connections to the chips. Everything else could be located on a secondary pcb that connects to the actual miner pcb's. And that part takes over all the parts that are needed to be built directly on the bitburner boards. Because those boards are designed to run as one single pcb with heatsink. I wouldnt design a miner that has to run in a farm the same way. I would do it more like avalons work. Many small pcb with chips and other pcb's that handle all the small pcb's with miner chips.

I dont have a clue how these chips have to be cooled. Watercooling maybe? Maybe thats the problem they have at the moment...

*lol* Are you real guys? You write over 70 pages in the last couple of hours only because theswede states that the hashrate of 2TH is not as stable that they will publicly show it? And you crash the price because of that?

The price crashed because they claim to have 2TH but all they can show us are unfinished boards and loose chips.

I noticed that. And they claimed its unstable and nothing worth to show yet. I dont see why the reaction on that has to be so drastically. At the end show me one ASIC-Producer that had their asic running perfectly at the date they wanted to have it?

[Bitcycle]

I noticed that. And they claimed its unstable and nothing worth to show yet. I dont see why the reaction on that has to be so drastically. At the end show me one ASIC-Producer that had their asic running perfectly at the date they wanted to have it?

A missed deadline would have hurt, but not that badly.

Claiming you have 2 TH and then days later not even being able to show a board is a very clear indication of lying.

If you lie to your shareholders, your price will suffer.  And so it has.

[VolanicEruptor]

Why can't we see the entire board?  I can't see the right side of it.. maybe there are more components?

if someone can provide me with the entire picture that will be highly appreciated.

[tucenaber]

The chip shown above is the old 180 nm design. As far as I know, Labcoin has never claimed it is used for production.

[kingcrimson]

So are bag holders just ignoring that every engineer who has seen Labcoin's boards/designs, calls it out as total BS? Or do experts know less than greedy investors?

[NineLives]

So are bag holders just ignoring that every engineer who has seen Labcoin's boards/designs, calls it out as total BS? Or do experts know less than greedy investors?

I agree, this is not the end

[Bitcycle]

So are bag holders just ignoring that every engineer who has seen Labcoin's boards/designs, calls it out as total BS? Or do experts know less than greedy investors?

I agree, this is not the end

As much as I'd like it to drop further, I think it will hover around 0.002 for a couple days.

[BombaUcigasa]

The chip shown above is the old 180 nm design. As far as I know, Labcoin has never claimed it is used for production.

That might be possible, but it's inserted right around that text that specifies their new chip specs. It might be a single core, I couldn't find too much technical detail browsing the topic, let's hope I'm wrong.

In early 2013 development of a 180 nm ASIC chip was started and in late spring this chip design became the foundation for the current development of and production of a highly competative and cost effective 130 nm ASIC chip. This is the chip that the company now has secured production of for it's first ASIC Bitcoin miner product.

If so, then making the chip faster and reducing the pin count by 3 times is quite an achievement. I'll check the discussion later, good luck to everyone!

[tucenaber]

So are bag holders just ignoring that every engineer who has seen Labcoin's boards/designs, calls it out as total BS? Or do experts know less than greedy investors?

Apart from theSeven, nobody have seen their designs as far as I know. Who are you talking about?

[SebastianJu]

I noticed that. And they claimed its unstable and nothing worth to show yet. I dont see why the reaction on that has to be so drastically. At the end show me one ASIC-Producer that had their asic running perfectly at the date they wanted to have it?

A missed deadline would have hurt, but not that badly.

Claiming you have 2 TH and then days later not even being able to show a board is a very clear indication of lying.

If you lie to your shareholders, your price will suffer.  And so it has.

But wheres the lie? They never claimed they have no 2TH. They only claimed that they have problems and because of that dont show anything. That might be that the miner arent stable and crash so that such crash, if shareholders can see it, might affect the shareprice. Or that they cant deploy more because they want to solve the problems with technique first.

Thats why i wonder? They only wrote they have problems. That would justify a crash like it happened all the time. But crash of more than half of the shareprice? I think thats exxagerated. Though i think... a picture of a halfbaked miner would have been way better.

So are bag holders just ignoring that every engineer who has seen Labcoin's boards/designs, calls it out as total BS? Or do experts know less than greedy investors?

What experts do you refer to?

[Bitcycle]

I like how they communicate badly and then come to the conclusion they shouldn't communicate at all.

No, you should communicate better.

[KCBitcoin]

I like how they communicate badly and then come to the conclusion they shouldn't communicate at all.

No, you should communicate better.

But I think at least TheSwede should know how to communicate well, and at least advise Sam what's right to do.