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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
HuLaN
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September 16, 2013, 07:08:07 AM
 #9941

Possible outcomes in this Wednesday: (from the best scenario to the worst)
1, Labcoin provides a mining address and a signed message. There're 1 - 2 blocks mined there.
..


Considering that Labcoin have at least ~0.5TH of mining equipment from other vendors, including a few Avalons - quoted below, a signed mining address does not prove that their PCB and chips are working and hashing.. A mining address, technical specification of chip, proper photos/videos of setup will help on the way though.


Quote
We own and run several machines. checkout the team labcoin at btcguild

aren't these your avalons? http://imgur.com/Eg7IlOw

and what is role of Fabrizio in this venture?

Yep. they are.

Fabrizio Tatti is the majority shareholder and CEO of iTec-Pro Limited actually.

Cheers


Yes, but with a mining address, we can estimate the hashing rate by monitoring it.

Of course, even the 2Th is confirmed (may takes several days or even weeks due to solo mining), this still cannot rule out the possibility that the hashing rate is bought from others.

That's the reason labcoin insisted the final decision needs to be done by the end of October, the date all their 1-gen chips are deployed and whether the 2-gen chips work or not is confirmed.


Seems like something that SHOULD take 5mins to generate; proper videos / photos, technical specs (which there is ZERO reason for them to not release) would be a hell of a lot easier then have people wait until end of October..  Huh

I guess all I'm saying is that a mining address by itself doesn't prove anything.
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bittymitty
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September 16, 2013, 07:11:38 AM
 #9942

Pictures make people confused and confused people do stupid things...
HuLaN
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September 16, 2013, 07:20:30 AM
 #9943

I don't get it. Now Labcoin is supposed to have been hashing for a while with Avalons?

Hey, at least they are hashing, right.. ?    Roll Eyes
drawingthesun
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September 16, 2013, 07:21:29 AM
 #9944

I don't get it. Now Labcoin is supposed to have been hashing for a while with Avalons?

pankkake, Labcoin is hashing with their own rig, the address has been posted back a few pages and my Active Mining investment is about vaporise.

I hope your having a better day than I am.

And yes I hold Labcoin, but no where near as much as my Active position unfortunately.
KCBitcoin
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September 16, 2013, 07:23:31 AM
 #9945

I'm really interested to see whether they'll show something tangible until Wednesday. Their other news posts and "proof" so far were rather underwhelming. Right now all they have are Schroedinger chips.

I'm betting Lacoin will provide what he said and early at that. There is no reason not to at this point.
If Lacoin would provide what he said and early at that, they wouldn't be Labcoin anymore.
drawingthesun
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September 16, 2013, 07:27:21 AM
 #9946

pankkake, Labcoin is hashing with their own rig, the address has been posted back a few pages and my Active Mining investment is about vaporise.
I don't see a relation with ActiveMining.

Well it does, because once Labcoin prove they are hashing Active will probably die, the two main stocks for mining companies on BTCT.co is Active and Lab, who gets there first....

(Also you frequent the Active threads as much as Labcoin threads and I know how much you think us Active holders are idiots (And probably right)

Quote
I hope your having a better day than I am.

And yes I hold Labcoin, but no where near as much as my Active position unfortunately.
Or is this a joke I'm not getting?

No not a joke I'm just sad and wanted to say something. Hopefully if Labcoin takes off it will counter my Active position a little, do you agree?
OneBTCJay
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September 16, 2013, 07:28:55 AM
 #9947

Labcon really seems like a scam to me.

Why make more artificial deadlines for such simple things... just do it and then tell us - don't make us wait.

I jumped ship and sold my shares, now I think Asicminer is the only real deal around.
HuLaN
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September 16, 2013, 07:29:35 AM
 #9948

It would raise more questions - how was this paid for and for how much, where is the income, etc.

Labcoin bought that before the IPO... but since we have invested in the company Labcoin and its ventures, that should surely include the hashing from their existing farm too? (just like how it is for ActiveMining) Where is the satoshi dust dividends from Labcoins Avalons?   Huh
ferskvare
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September 16, 2013, 07:42:51 AM
 #9949

Labcon really seems like a scam to me.

Why make more artificial deadlines for such simple things... just do it and then tell us - don't make us wait.

I jumped ship and sold my shares, now I think Asicminer is the only real deal around.

Good, means one less of you to clutter this thread. Bye, have a good one!
Mabsark
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September 16, 2013, 08:27:19 AM
 #9950

The thing is, it does not matter if they have their chips eventually.
It's already established they are too late, in a market where timing is key.
While the company might succeed, it's unprofitably for investors is now without a doubt.

You've already established you're full of shit. And no, I won't take you up on your stupid bet because I'm not stupid. The only way such a bet would be more profitable to me is if I thought Labcoin was going to fail, which I don't. So, I'll keep investing it in Labcoin instead of wasting my time with your pathetic bets.

As for Labcoin being Late and unprofitable, the maths say otherwise.

Let's assume that Labcoin was mining with 500 Th/s at the end of the year, if the network hash rate was:

  • 50.000 Ph/s, Labcoin would control 01% of the network.
  • 25.000 Ph/s, Labcoin would control 02% of the network.
  • 16.667 Ph/s, Labcoin would control 03% of the network.
  • 12.500 Ph/s, Labcoin would control 04% of the network.
  • 10.000 Ph/s, Labcoin would control 05% of the network.
  • 08.333 Ph/s, Labcoin would control 06% of the network.
  • 07.143 Ph/s, Labcoin would control 07% of the network.
  • 06.250 Ph/s, Labcoin would control 08% of the network.
  • 05.556 Ph/s, Labcoin would control 09% of the network.
  • 05.000 Ph/s, Labcoin would control 10% of the network.

BTC/Block = 25
Blocks/Round = 2,016
BTC/Round = 50,400

If Labcoin controlled:

  • 01%, they would mine 504 BTC per difficulty round, 352.8 BTC (70%) going towards dividends giving 0.00003528 BTC/share/round.
  • 02%, they would mine 1,008 BTC per difficulty round, 705.6 BTC (70%) going towards dividends giving 0.00007056 BTC per share per round.
  • 03%, they would mine 1,512 BTC per difficulty round, 1,058.4 BTC (70%) going towards dividends giving 0.00010584 BTC per share per round.
  • 04%, they would mine 2,016 BTC per difficulty round, 1,411.2 BTC (70%) going towards dividends giving 0.00014112 BTC per share per round.
  • 05%, they would mine 2,520 BTC per difficulty round, 1,764.0 BTC (70%) going towards dividends giving 0.00017640 BTC per share per round.
  • 06%, they would mine 3,024 BTC per difficulty round, 2,116.8 BTC (70%) going towards dividends giving 0.00021168 BTC per share per round.
  • 07%, they would mine 3,528 BTC per difficulty round, 2,469.6 BTC (70%) going towards dividends giving 0.00024696 BTC per share per round.
  • 08%, they would mine 4,032 BTC per difficulty round, 2,822.4 BTC (70%) going towards dividends giving 0.00028224 BTC per share per round.
  • 09%, they would mine 4,536 BTC per difficulty round, 3,175.2 BTC (70%) going towards dividends giving 0.00031752 BTC per share per round.
  • 10%, they would mine 5,040 BTC per difficulty round, 3,528.0 BTC (70%) going towards dividends giving 0.00035280 BTC per share per round.
sayaz
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September 16, 2013, 08:44:17 AM
 #9951

pankkake, Labcoin is hashing with their own rig, the address has been posted back a few pages and my Active Mining investment is about vaporise.
I don't see a relation with ActiveMining.

Well it does, because once Labcoin prove they are hashing Active will probably die, the two main stocks for mining companies on BTCT.co is Active and Lab, who gets there first....

(Also you frequent the Active threads as much as Labcoin threads and I know how much you think us Active holders are idiots (And probably right)

Quote
I hope your having a better day than I am.

And yes I hold Labcoin, but no where near as much as my Active position unfortunately.
Or is this a joke I'm not getting?

No not a joke I'm just sad and wanted to say something. Hopefully if Labcoin takes off it will counter my Active position a little, do you agree?

Dude what are you even talking about... Your holdings in active mining aren't going to magically vaporise - irrespective of labcoin's success (or lack thereof).

No shareholder of active mining is expecting active mining to beat labcoin to market. Not sure what you were thinking when you bought into active mining if you thought that was the case...

And for what its worth I don't own labcoin or active mining shares but their IPO's sure were juicy.
BitThink
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September 16, 2013, 09:12:11 AM
 #9952

The thing is, it does not matter if they have their chips eventually.
It's already established they are too late, in a market where timing is key.
While the company might succeed, it's unprofitably for investors is now without a doubt.

You've already established you're full of shit. And no, I won't take you up on your stupid bet because I'm not stupid. The only way such a bet would be more profitable to me is if I thought Labcoin was going to fail, which I don't. So, I'll keep investing it in Labcoin instead of wasting my time with your pathetic bets.

As for Labcoin being Late and unprofitable, the maths say otherwise.

Let's assume that Labcoin was mining with 500 Th/s at the end of the year, if the network hash rate was:

  • 50.000 Ph/s, Labcoin would control 01% of the network.
  • 25.000 Ph/s, Labcoin would control 02% of the network.
  • 16.667 Ph/s, Labcoin would control 03% of the network.
  • 12.500 Ph/s, Labcoin would control 04% of the network.
  • 10.000 Ph/s, Labcoin would control 05% of the network.
  • 08.333 Ph/s, Labcoin would control 06% of the network.
  • 07.143 Ph/s, Labcoin would control 07% of the network.
  • 06.250 Ph/s, Labcoin would control 08% of the network.
  • 05.556 Ph/s, Labcoin would control 09% of the network.
  • 05.000 Ph/s, Labcoin would control 10% of the network.

BTC/Block = 25
Blocks/Round = 2,016
BTC/Round = 50,400

If Labcoin controlled:

  • 01%, they would mine 504 BTC per difficulty round, 352.8 BTC (70%) going towards dividends giving 0.00003528 BTC/share/round.
  • 02%, they would mine 1,008 BTC per difficulty round, 705.6 BTC (70%) going towards dividends giving 0.00007056 BTC per share per round.
  • 03%, they would mine 1,512 BTC per difficulty round, 1,058.4 BTC (70%) going towards dividends giving 0.00010584 BTC per share per round.
  • 04%, they would mine 2,016 BTC per difficulty round, 1,411.2 BTC (70%) going towards dividends giving 0.00014112 BTC per share per round.
  • 05%, they would mine 2,520 BTC per difficulty round, 1,764.0 BTC (70%) going towards dividends giving 0.00017640 BTC per share per round.
  • 06%, they would mine 3,024 BTC per difficulty round, 2,116.8 BTC (70%) going towards dividends giving 0.00021168 BTC per share per round.
  • 07%, they would mine 3,528 BTC per difficulty round, 2,469.6 BTC (70%) going towards dividends giving 0.00024696 BTC per share per round.
  • 08%, they would mine 4,032 BTC per difficulty round, 2,822.4 BTC (70%) going towards dividends giving 0.00028224 BTC per share per round.
  • 09%, they would mine 4,536 BTC per difficulty round, 3,175.2 BTC (70%) going towards dividends giving 0.00031752 BTC per share per round.
  • 10%, they would mine 5,040 BTC per difficulty round, 3,528.0 BTC (70%) going towards dividends giving 0.00035280 BTC per share per round.

You don't need to repeat this long list. There are two more detailed and more readable tables in page 1 of this thread.
klee
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September 16, 2013, 09:26:40 AM
 #9953

Price will plummet (like many others) - here is why:

https://btct.co/security/TAT.NEOBEE


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September 16, 2013, 09:32:29 AM
 #9954

Price will plummet (like many others) - here is why:

https://btct.co/security/TAT.NEOBEE




And we are saying this is a gamble

#FREETMAN
demzie
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September 16, 2013, 10:45:16 AM
 #9955

Hahaha a bond? Goodluck with that!
klee
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September 16, 2013, 11:05:47 AM
 #9956

Hahaha a bond? Goodluck with that!
No - a speculation! 'Trendy' IPOs go like crazy in the first hour - x2 up to x5.
Trading <> investing
runam0k
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September 16, 2013, 11:08:34 AM
 #9957

Hahaha a bond? Goodluck with that!
No - a speculation! 'Trendy' IPOs go like crazy in the first hour - x2 up to x5.
Trading <> investing
Not all of them. Just be prepared to be stuck with your "investment" if the price stays at IPO or drops (think icedrill, peta mine, etc).

There's no doubt this will soak up a lot of BTC though.
E.Sam
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September 16, 2013, 11:20:08 AM
 #9958

I ll just watch how the XBond "pre-IPO" unfolds... although with only 500,000 shares @ 0.0025 and 1250BTC market cap, this could easily be manipulated.

BitThink
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September 16, 2013, 11:42:57 AM
 #9959

Both Cyprus and banking business are so foreign to me. Therefore, I really hesitate in investing in that stock. How mining works is much easier to understand compared with that.
Luckybit
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September 16, 2013, 12:29:07 PM
 #9960

Both Cyprus and banking business are so foreign to me. Therefore, I really hesitate in investing in that stock. How mining works is much easier to understand compared with that.

It pays quarterly dividends so you're not getting a lot of dividends out of it but if it works then it will be huge.
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