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

[tucenaber]

Can someone tell me where I can read about the procedure for distributing the shares among the bidders? I don't understand how this IPO will work.

And when is the deadline?

[1714049284]

1714049284

[1714049284]

1714049284

[1714049284]

1714049284

[1714049284]

1714049284

[E.Sam]

your missing something.  Step-by-step: log in, have funds in your account, enter the correct information including your pin #, press place bid button. 
Are you getting an error message?

No, couldn't enter any numbers in buy order - just had to refresh page a few times. Thanks though!

[E.Sam]

@tucenaber

There is nothing special about the initial ask an issuer makes in their IPO.  Thus the bids will get filled auction style, first by price, then at each price by whomever got their order in soonest.

I understand there are questions around the fairness of this, but I don't have time to rewrite anything special.

It seems to me that this method of filling the ask is in the best interest of the company filling the IPO anyway?

Cheers.

[huhai0978]

Can someone tell me where I can read about the procedure for distributing the shares among the bidders? I don't understand how this IPO will work.

And when is the deadline?

+1

[reactor]

Yup, so when most folks are waking up you can't even get a bid in despite the IPO opening "during US business hours".  All literally happened in the 4.5 hours I was asleep, damn.

[Edit] Yeah, weird, accidentally left autorefreshplus on the page and suddenly Buy opened up for pre-buy.  No clue if this is determined by price or by first-in, stuck myself in the middle somewhere.

[tucenaber]

@tucenaber

There is nothing special about the initial ask an issuer makes in their IPO.  Thus the bids will get filled auction style, first by price, then at each price by whomever got their order in soonest.

I understand there are questions around the fairness of this, but I don't have time to rewrite anything special.

It seems to me that this method of filling the ask is in the best interest of the company filling the IPO anyway?

Cheers.

Ouch! That means a bidding war. What about the deadline? That will be very important to keep track of.

[E.Sam]

Yup, so when most folks are waking up you can't even get a bid in despite the IPO opening "during US business hours".  All literally happened in the 4.5 hours I was asleep, damn.

[Edit] Yeah, weird, accidentally left autorefreshplus on the page and suddenly Buy opened up for pre-buy.  No clue if this is determined by price or by first-in, stuck myself in the middle somewhere.

I don't think Labcoin was aware that interested parties can place buy orders before the IPO begins. I know I wasn't.

[klee]

Survey: As an individual, what do you most like about LabCoin?

The potential for 10,000% ROI.

What exactly are you confused about?

How did you come up with a x10 increase? I don't remember how much higher ASICMINER shares went after IPO though, maybe it is possible x10 for Labcoin easily....

[San1ty]

When is this IPO set to go live?

[E.Sam]

When is this IPO set to go live?

The 1M$ question 
I think Labcoin team is still sleeping. It's gonna be quite a wake up

[gimme_bottles]

BTC-TC's servers are going to explode once the lock is removed... 

[San1ty]

When is this IPO set to go live?

The 1M$ question 
I think Labcoin team is still sleeping. It's gonna be quite a wake up

The mania I see with every IPO is insane. This reminds me of sandstorm.
0,001 BTC / Share IPO, Sold at 2000 % after.

Crazy times .

[papamoi]

ok let s watch this

[maxmint]

Survey: As an individual, what do you most like about LabCoin?

The potential for 10,000% ROI.

What exactly are you confused about?

How did you come up with a x10 increase? I don't remember how much higher ASICMINER shares went after IPO though, maybe it is possible x10 for Labcoin easily....

If you compare Labcoin to ASICMINER and assume that Labcoin will have the same market cap one day, then you get around 16,000% increase. Here's a comparison of different BTC stocks: http://coinstocks.net

[klee]

Survey: As an individual, what do you most like about LabCoin?

The potential for 10,000% ROI.

What exactly are you confused about?

How did you come up with a x10 increase? I don't remember how much higher ASICMINER shares went after IPO though, maybe it is possible x10 for Labcoin easily....

If you compare Labcoin to ASICMINER and assume that Labcoin will have the same market cap one day, then you get around 16,000% increase. Here's a comparison of different BTC stocks: http://coinstocks.net

Great link thanks!

EDIT: What was the market cap for AM in $ back then? The BTC price should be much lower...

[ChronoX5]

Survey: As an individual, what do you most like about LabCoin?

The potential for 10,000% ROI.

What exactly are you confused about?

How did you come up with a x10 increase? I don't remember how much higher ASICMINER shares went after IPO though, maybe it is possible x10 for Labcoin easily....

If you compare Labcoin to ASICMINER and assume that Labcoin will have the same market cap one day, then you get around 16,000% increase. Here's a comparison of different BTC stocks: http://coinstocks.net

And thus a bubble was born. 
No seriously, I'm just waiting for my 3 confirmations on btctc.

[Vbs]

If those are the correct specs, then I'm sorry but... LOL!!!

For that to be possible, not only each Labcoin core would have to be ~42% smaller [65/130*(6.5^2)/(7.1^2)] than each BFL core but also the Labcoin chip would magically operate at a higher frequency (300MHz vs 250MHz) while keeping the same power draw...


Since there are several new companies going for the 130nm route with the excuse that manufacturing costs are much cheaper, might as well burst that bubble too: It's not. Nothing beats going 28nm now, except for the fact that the upfront NRE cost is much higher.

ACTM wait up to six months. . LOL. . . Time is money

It is of course up to all investors to draw their own conclusions and believe what they want regarding what density (130, 110, 65, 55 or 28 nm) deliver the best ROI over time.

labcoin has made the choice to go with 130 nm as gen 1 and 65 nm as gen 2 for several reasons. Some of these reasons are NRE costs, fabrication costs, available developer resources, capital procurement and availability of Foundry shuttles and production slots.

We are certainly not claiming that 28 nm is a "bad choice" by default, but for a smaller project not wanting to be forced to raise millions of dollars and bet "everything" on a single development project or risk total failure (Bitfury did this, and it seems they were lucky enough to actually come out with positive results). Then staying with lesser density that is cheaper and offer far more flexible production options just makes sense.

Maybe worth pointing out that the graph you pasted has almost no relation to ANY ASIC manufacturer as it refers to large scale generalized production of IC. As as much as I would like to think that Labcoin shortly will be ordering $100 million dollar IC production runs I doubt that is very closely connected with reality.

The cost of a 28nm wafer is more or less the same as a 130nm wafer. The only real difference is NRE cost and having the expertise to develop on 28nm, that's the real bet.

Bitfury went full-custom standard cell and it worked OK for them, but that's the risk of going full-custom at first. You have the same risk, since your 130nm chip has a lot of sketchy specs. I would rather you commented on those, especially on the part where you claim to develop a faster and more power efficient chip than BFL (also standard cell) with transistors that have DOUBLE the size (130nm vs 65nm) and require much higher voltages (power consumption scales with the square of voltage).

The graph above is for ANY ASIC manufacturer, as it compares a Normalized Transistor Cost (wafer cost + packaging + etc) to a timeline, based on yields/wafer, die sizes and wafer cost. The production costs on new die sizes quickly go down after some time.

[HeRetiK]

So I finally decided to catch up on Labcoin to see what all the fuzz is about and HOLY SHIT LOOK AT THAT ORDER BOOK

[1Pakis]

May I ask when the trading will start?

A potential Investor.

[yxxyun]

May I ask when the trading will start?

A potential Investor.

when TheSwede75 wake up I think.