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

[Ytterbium]

Labcoin also has a 65nm chip in the works.

Yeah, but who knows what happens to the difficulty by January when one or all of Cointerra, HashFast and KnC have their chips available without pre-orders. Trying to plan more then 3mo ahead is a bad idea at this point, IMO.

[1713583486]

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[1713583486]

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[yuansuyi]

UPDATE:

After just talking to Sam Noi I can now reveal that the Project founder Fabrizio Tatti and one of the chip developers will be available on the forum shortly (later tonight or possibly in the morning) to answer questions reg. Design, status, Gen 1 chips etc.

This should give investors plenty of opportunity to ask questions and also stay up to date with the development.

by later tonight or morning, you mean American Central Time , right?  It's morning or mid-day in China time.

[stslimited]

Thanks for the updates look forward to the Q&A tonight, glad to see all these short sellers arn't gonna make as much money as they wanted the first week

explain the process of short selling on bitfunder, in expressive succinct terms

[Mabsark]

Labcoin also has a 65nm chip in the works.

Yeah, but who knows what happens to the difficulty by January when one or all of Cointerra, HashFast and KnC have their chips available without pre-orders. Trying to plan more then 3mo ahead is a bad idea at this point, IMO.

That's going to have the same effect on ICEDRILL though, only ICEDRILL don't have an improved ASIC using a smaller process in their plans.

[Ytterbium]

Labcoin also has a 65nm chip in the works.

Yeah, but who knows what happens to the difficulty by January when one or all of Cointerra, HashFast and KnC have their chips available without pre-orders. Trying to plan more then 3mo ahead is a bad idea at this point, IMO.

That's going to have the same effect on ICEDRILL though, only ICEDRILL don't have an improved ASIC using a smaller process in their plans.

yes. But HashFast could lower their prices as well.  I'm simply pointing out that for now it only makes sense to look at the next 3-4 months when making investments in bitcoin mining.

[Bitcycle]

It's worth noting how little btc it takes to move this share price. Right now on BTC-TC it's only 431 btc to 0.002

[sayaz]

Its only 550 BTC 'til ActM is worth .008
500 until BTCGarden is .002

They're all pretty similar... thin book

[funcard2008]

UPDATE:

After just talking to Sam Noi I can now reveal that the Project founder Fabrizio Tatti and one of the chip developers will be available on the forum shortly (later tonight or possibly in the morning) to answer questions reg. Design, status, Gen 1 chips etc.

This should give investors plenty of opportunity to ask questions and also stay up to date with the development.

waiting

waiting

[funcard2008]

UPDATE:

I will leave details of project plan/development up to Fabrizio, Mr Sparmann and Zhenhua (Founder and developers) but the time-frame as communicated by Sam is for Labcoin to start deployment first week of September and reach a delivered hash rate of minimum 50TH by October. This number could possibly go up significantly when we start accepting third party chip orders since 50TH is capacity that can be financed paralell with Gen 2 development using available IPO funds.

Details on Chip resales, Miner production and hash-farm building will be communicated within the next few days.

waiting

[San1ty]

UPDATE:

After just talking to Sam Noi I can now reveal that the Project founder Fabrizio Tatti and one of the chip developers will be available on the forum shortly (later tonight or possibly in the morning) to answer questions reg. Design, status, Gen 1 chips etc.

This should give investors plenty of opportunity to ask questions and also stay up to date with the development.

waiting

waiting

waiting

[beardays]

UPDATE:

After just talking to Sam Noi I can now reveal that the Project founder Fabrizio Tatti and one of the chip developers will be available on the forum shortly (later tonight or possibly in the morning) to answer questions reg. Design, status, Gen 1 chips etc.

This should give investors plenty of opportunity to ask questions and also stay up to date with the development.

waiting

waiting

waiting

waiting

[canth]

Its only 550 BTC 'til ActM is worth .008
500 until BTCGarden is .002

They're all pretty similar... thin book

Part of the reason they are thinly traded is that some significant percentage of those that bought in at either of the IPOs are now going to sit on their hands and wait a few months to see if the companies deliver.

Everyone (investors and issuers) are chasing after the gold standard - AM. Anyone that sold out in the first 3 months after that IPO regretted it later and thus we wait until they have products to sell or mine with. It takes milestones (or missed milestones) for stock prices to actually move. Most investors are just sitting and waiting...

[sayaz]

Its only 550 BTC 'til ActM is worth .008
500 until BTCGarden is .002

They're all pretty similar... thin book

Part of the reason they are thinly traded is that some significant percentage of those that bought in at either of the IPOs are now going to sit on their hands and wait a few months to see if the companies deliver.

Everyone (investors and issuers) are chasing after the gold standard - AM. Anyone that sold out in the first 3 months after that IPO regretted it later and thus we wait until they have products to sell or mine with. It takes milestones (or missed milestones) for stock prices to actually move. Most investors are just sitting and waiting...

Oh, you mean like

UPDATE:

After just talking to Sam Noi I can now reveal that the Project founder Fabrizio Tatti and one of the chip developers will be available on the forum shortly (later tonight or possibly in the morning) to answer questions reg. Design, status, Gen 1 chips etc.

This should give investors plenty of opportunity to ask questions and also stay up to date with the development.

waiting

waiting

waiting

waiting

Waiting

[ThickAsThieves]

waiting

[auto2nr1]

Waiting~

[blackswan]

This is getting sketchy...

[Kushedout]

UPDATE:

After just talking to Sam Noi I can now reveal that the Project founder Fabrizio Tatti and one of the chip developers will be available on the forum shortly (later tonight or possibly in the morning) to answer questions reg. Design, status, Gen 1 chips etc.

This should give investors plenty of opportunity to ask questions and also stay up to date with the development.

waiting

waiting

waiting

waiting

Waiting

[TheSwede75]

UPDATE:

The developers are now open for live Q/A on IRC irc.freenode.org - #labcoin

Labcoin is still waiting for the Bitcointalk accounts to be whitelisted. Unfortunately I will be traveling today and have very limited Internet access for a few hours, so if someone from this thread would like to transcribe the Q/A for the forum I would be very grateful.

The Founder and the Developers WILL hold Q/A sessions and answer questions here on the forum as soon as their accounts are white-listed.

[iCEBREAKER]

Labcoin also has a 65nm chip in the works.

Yeah, but who knows what happens to the difficulty by January when one or all of Cointerra, HashFast and KnC have their chips available without pre-orders. Trying to plan more then 3mo ahead is a bad idea at this point, IMO.

That's going to have the same effect on ICEDRILL though, only ICEDRILL don't have an improved ASIC using a smaller process in their plans.

iCEDRiLL already has a state-of-the art 28nm chip taping out.

You are not under NDA, so their roadmap is none of your business.

Lafcoin's tech is so obsolete they can upgrade from vacuum tubes to transistors and call it "an improved ASIC using a smaller process."

[TheSwede75]

Labcoin also has a 65nm chip in the works.

Yeah, but who knows what happens to the difficulty by January when one or all of Cointerra, HashFast and KnC have their chips available without pre-orders. Trying to plan more then 3mo ahead is a bad idea at this point, IMO.

That's going to have the same effect on ICEDRILL though, only ICEDRILL don't have an improved ASIC using a smaller process in their plans.

iCEDRiLL already has a state-of-the art 28nm chip taping out.

You are not under NDA, so their roadmap is none of your business.

Lafcoin's tech is so obsolete they can upgrade from vacuum tubes to transistors and call it "an improved ASIC using a smaller process."

I would argue that it's simply different approaches. 28 nm (IF well developed and optimized) can absolutely be a fantastic idea. However, there is absolutely nothing that implies that 28 nm is 'better' for profitability by default. High NRE costs and longer time to market can very well cause cutting-edge tech to be a far more risky proposition (BFL anyone?). With 20% diff increases every 2 weeks, a delay of only 2 months can absolutely destroy profitability of miners.

I hope iCEDRILL does well and wish them all the luck, but I also don't see a reason that lower density would not be profitable in the short/medium term. Ask Avalong Batch #1 customers if they wish they had rather ordered Minirigs from BFL..