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

[drawingthesun]

Someone just loaded up on LC. Insider info?

Saw that and came here to check for news - It's likely someone reacting to the above div analysis..Even at 2% of network hash rate its still pretty attractive

2% is attractive, but the likelihood Labcoin will ever have any percent is a stretch. Swede is being purposely vague and no other member of the team talks anymore.

[San1ty]

Someone just loaded up on LC. Insider info?

Jup, Good for those of us who are already in .

[creativex]

The silence is deafening here. I'm out until there's some solid info from management.

Cheers.

[dhenson]

Not insider info,

I was waiting around for .0013-.0014 but then JMG had to go and post that stupid chart and stop any downward momentum.  What people aren't realizing is that this security should settle around 30% apr after everything is up and running.

Labcoin is set to initially hold ~5% when they first come online, this will spike the share price considerably allowing for an impressive mid-term gain.

[JMG]

https://i.imgur.com/cuwv3FG.png

[neilol]

Not insider info,

I was waiting around for .0013-.0014 but then JMG had to go and post that stupid chart and stop any downward momentum.  What people aren't realizing is that this security should settle around 30% apr after everything is up and running.

Labcoin is set to initially hold ~5% when they first come online, this will spike the share price considerably allowing for an impressive mid-term gain.

I think people realize the POTENTIAL - what about the risk that these guys never get anything off the ground - even if they are delayed 6-10 months their current plans may be almost worthless at the current diff increase rate.

[Luckybit]

Not insider info,

I was waiting around for .0013-.0014 but then JMG had to go and post that stupid chart and stop any downward momentum.  What people aren't realizing is that this security should settle around 30% apr after everything is up and running.

Labcoin is set to initially hold ~5% when they first come online, this will spike the share price considerably allowing for an impressive mid-term gain.

The test run according to my understanding is just to see that everything works and get the initial mining rig set up. I don't think they'll be fully operational until mid November according to the language in the QA.

I don't know the final hashrate they'll have or the difficulty by November. I know they'll be fully operation by sometime in October but I think November is the month when everything will either be in full gear or it fails.

Even if they only get 5% of the network until November, they make their own chips and can always produce more to bring up the percentage to 10-15% later if they can last through December.

I think the main thing investors should be concerned about is whether or not this Labcoin operation is being built to last. If it's built to last then everybody can win.

[blackswan]

The silence is deafening here. I'm out until there's some solid info from management.

Cheers.

Understandable.  This security is extremely high risk, high reward.  Until communication is worked out, shareholder confidence is rightfully low.

[Luckybit]

If you could factor in difficulty that would be the most helpful. What impact could say 200m difficulty have if it happens by November to December? What if we have 150m diff in September to October? (these are worse case scenarios btw assuming every competitor floods the market with ASICs and starts mining.)
https://docs.google.com/spreadsheet/ccc?key=0AmXn4BnLUgYsdEF0TUtWUWtUaUUzR1F2aUhEWW9lN2c#gid=0
If the initial test works then the green light signal and they can buy as many ICs as they can and sell as much as they can. I estimate the percentage of the network will rise as Labcoin operation grows in size and scope but that will take 6 months, does Labcoin have 6 months to grow into 10-15% of the network?

[kokojie]

Not insider info,

I was waiting around for .0013-.0014 but then JMG had to go and post that stupid chart and stop any downward momentum.  What people aren't realizing is that this security should settle around 30% apr after everything is up and running.

Labcoin is set to initially hold ~5% when they first come online, this will spike the share price considerably allowing for an impressive mid-term gain.

I think people realize the POTENTIAL - what about the risk that these guys never get anything off the ground - even if they are delayed 6-10 months their current plans may be almost worthless at the current diff increase rate.

Exactly, I wouldn't touch this Italian owned "train wreck in the making" with a 10 foot pole, I'm not yet convinced this is a not a scam. IMHO after btcgarden has gone private, the only other trustworthy asic mining operation IPO is MYMINER from the people at bter.com.

[limbaugh]

Exactly, I wouldn't touch this Italian owned "train wreck in the making" with a 10 foot pole, I'm not yet convinced this is a not a scam. IMHO after btcgarden has gone private, the only other trustworthy asic mining operation IPO is MYMINER from the people at bter.com.

MYMINER is at the mercy of chip suppliers which has been unreliable at best. My money is on a self sufficient mining operation which unfortunately leaves LC as the only option.

[N_S]

My money is on a self sufficient mining operation which unfortunately leaves LC as the only option.

You may prefer Labcoin, but it's disingenuous to say it's the only option. It isn't.

[kokojie]

Exactly, I wouldn't touch this Italian owned "train wreck in the making" with a 10 foot pole, I'm not yet convinced this is a not a scam. IMHO after btcgarden has gone private, the only other trustworthy asic mining operation IPO is MYMINER from the people at bter.com.

They are at the mercy of chip suppliers which has been unreliable at best. My money is on a self sufficient mining operation which unfortunately leaves LC as the only option.

They are in China and well connected with the suppliers, the chip supply is not a problem. There's a reason not many company develop their own CPU but instead buy Intel. The cost of research, development and manufacturing your own chip will soon be a disadvantage once the chip is just an easily obtained commodity. The true future competition in ASIC mining operation, is power/infrastructure cost, not who can manufacture a chip. MYMINER will have a HUGE advantage in this area, since they will be locating their facility in super low cost areas of China and also even utilize solar power fields in the area.

[runam0k]

All I see is:

"I want share price to go down!"

"I want share price to go up!"

"I want share price to go down!"

"I want share price to go up!"

[Bitcycle]

At least the website is back up.

[Twilight_Sparkle]

At least the website is back up.

Anything updated/changed on the website?

[creativex]

All I see is:

"I want share price to go down!"

"I want share price to go up!"

"I want share price to go down!"

"I want share price to go up!"

I see a lot of valid points from both sides, but LC is entirely too quiet. Are their devs *STILL* in newbie jail? Really?

I bought into this IPO because I thought it was attractively priced and had a good risk/reward profile(I did not feel the same about BTCGarden), but you cannot properly assess risk/reward without accurate and timely information and all I hear from management is crickets.

[runam0k]

We're still only two weeks in.

[kokojie]

All I see is:

"I want share price to go down!"

"I want share price to go up!"

"I want share price to go down!"

"I want share price to go up!"

I see a lot of valid points from both sides, but LC is entirely too quiet. Are their devs *STILL* in newbie jail? Really?

I bought into this IPO because I thought it was attractively priced and had a good risk/reward profile(I did not feel the same about BTCGarden), but you cannot properly assess risk/reward without accurate and timely information and all I hear from management is crickets.

You get what you pay for, there's a reason this IPO is "attractively priced".

[E.Sam]

At least the website is back up.

Anything updated/changed on the website?

Just checked with cached - Nop