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

[Ytterbium]

Interesting. I was just talking to someone and I said it felt like another btc bubble was possible.  Must be in the air.

Gox is down to 60k btc on the Ask side of the order book.  The fact that Gox is so easy to get money into and hard to get USD out of will only make this bubble more aggressive than the last.

The gox price is total B.S.  It's $99 on bitstamp, $99 on CampBX, and $97 on BTC-e.  Yet, it's $119 on gox.

You could make massive amounts of money buying on bitstamp  and selling on gox, but in order to do that you'd need to get your money from gox to bitstamp. And since you can only do $1k/mo it's just not something people do....

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[Bitcycle]

Are mining securities immune to bubbles? Since they are supposed to produce bitcoins, their value is proportional to the APR regardless of bitcoin price?

Drops from panics affected asicminer negatively as people sold their share so they could sell their coins.

It will be interesting to see if it works in the opposite direction as well.

[Bitcycle]

Interesting. I was just talking to someone and I said it felt like another btc bubble was possible.  Must be in the air.

Gox is down to 60k btc on the Ask side of the order book.  The fact that Gox is so easy to get money into and hard to get USD out of will only make this bubble more aggressive than the last.

The gox price is total B.S.  It's $99 on bitstamp, $99 on CampBX, and $97 on BTC-e.  Yet, it's $119 on gox.

You could make massive amounts of money buying on bitstamp  and selling on gox, but in order to do that you'd need to get your money from gox to bitstamp. And since you can only do $1k/mo it's just not something people do....

The other exchanges are going to go up to $110 or so, it's inevitable.  They just take some time after the Gox price moves.

[redbeans2012]

Are mining securities immune to bubbles? Since they are supposed to produce bitcoins, their value is proportional to the APR regardless of bitcoin price?

Drops from panics affected asicminer negatively as people sold their share so they could sell their coins.

It will be interesting to see if it works in the opposite direction as well.

Go back to the last BTC runup and compare to ASIC miner price.  From what I remember it didn't effect it much.

[Ytterbium]

Are mining securities immune to bubbles? Since they are supposed to produce bitcoins, their value is proportional to the APR regardless of bitcoin price?

Drops from panics affected asicminer negatively as people sold their share so they could sell their coins.

It will be interesting to see if it works in the opposite direction as well.

Go back to the last BTC runup and compare to ASIC miner price.  From what I remember it didn't effect it much.

Why would it?  They're share price is based on how much BTC they can mine, which is invariant with respect to the network hashrate, assuming they can hold their 20%.

[dhenson]

Are mining securities immune to bubbles? Since they are supposed to produce bitcoins, their value is proportional to the APR regardless of bitcoin price?

Drops from panics affected asicminer negatively as people sold their share so they could sell their coins.

It will be interesting to see if it works in the opposite direction as well.

Go back to the last BTC runup and compare to ASIC miner price.  From what I remember it didn't effect it much.

Why would it?  They're share price is based on how much BTC they can mine, which is invariant with respect to the network hashrate, assuming they can hold their 20%.

The only factor that could come in to play are new entrants into the space.  I'm guessing people won't want to sit on their coins.

[physalis]

Why would it?  They're share price is based on how much BTC they can mine, which is invariant with respect to the network hashrate, assuming they can hold their 20%.

Yes, in a perfectly rational world, it wouldn't matter. But a bubble is not a rational phenomenon. If BTC price shoots up way over "what they're worth", people are looking to sell.
And rightfully so. In a bubble, smart investors sell before the peak and reinvest after the crash.

During the last bubble, I increased my holdings in ASICMINER by about 70% this way, even though I had to buy the shares back for a higher price than what I sold them for.
Obviously, that plan could have also completely backfired.

[klee]

While this thread argues definitions, someone's happy to buy up a lot of shares.

We're on the verge of another btc/usd price discovery bubble.  A lot of new Walstreet type investors are coming to bitcoin and are going to look for securities to start dumping btc into.

This should be an interesting month.

Speculate for me top of the bubble for Labcoin, IceDrill, Hosted Mining?
Thanks in advance mate!

[Luckybit]

While this thread argues definitions, someone's happy to buy up a lot of shares.

We're on the verge of another btc/usd price discovery bubble.  A lot of new Walstreet type investors are coming to bitcoin and are going to look for securities to start dumping btc into.

This should be an interesting month.

That all depends on the results of the congressional investigations and regulation talks.

[xchrisxsays]

While this thread argues definitions, someone's happy to buy up a lot of shares.

We're on the verge of another btc/usd price discovery bubble.  A lot of new Walstreet type investors are coming to bitcoin and are going to look for securities to start dumping btc into.

This should be an interesting month.

That all depends on the results of the congressional investigations and regulation talks.

Which could be years from now. The government moves slow. Unless, of course, there is serious money to be made.

[Ytterbium]

Anyone else notice the number of shares outstanding dropped to 9999999 from 10000000?  Was one of the shares eaten by a grue?

Anyway, Any big news yet?

[beardays]

Anyone else notice the number of shares outstanding dropped to 9999999 from 10000000?  Was one of the shares eaten by a grue?

Anyway, Any big news yet?

no, the big news will happen in about an hour after i go to sleep and miss another big trading opportunity

[twentyseventy]

Anyone else notice the number of shares outstanding dropped to 9999999 from 10000000?  Was one of the shares eaten by a grue?

Anyway, Any big news yet?

no, the big news will happen in about an hour after i go to sleep and miss another big trading opportunity

Price is already up to .00175 ahead of the news, gents! Very hopeful for today's news-

[Ytterbium]

I was just about to mention the price bump. Finally over 0.0017.   Only 50 bids > then that price, though.  But still.

[TheSwede75]

UPDATE:

Just talked to Sam and while exact dates are still to be received from foundry/fabrication here are the latest news:

- The first run of chips are expected to arrive within a week. This is a 2500 chip run and Labcoin expects at least 2000 chips to be of "production quality".
- From these chips some will be send to DYI projects and parties that have expressed interest in volume orders from the coming serial production run.

- PCB/Components for miners are expected to arrive shortly (a few days) after chips. To speed up miner production the PCB has not been tested prior to order but thorough simulations have been ran and Labcoin does not expect any issues with the PCB. SHOULD a problem arise Labcoin expects less than 1 week until new PCB can be produced, so even a worst case scenario has functioning PCB in-hand in about 2 weeks.

- The first run of chips will be built into miners immediately and Labcoin expects to be live and hashing @ around 6TH within the next 3-4 weeks.

- First serial production run will be ordered shortly after arrival of first-run chips and Labcoin expects serial production run of chips to arrive mid-late September (50TH+ for Labcoin mining operation and larger quantities of chips for DIY projects and mining operation customers).
- We will contact mining operations/DYI projects that have already gotten in touch with us shortly for addresses for sample chips. If you own a mining operation or similar company and wish to order chips from the first serial production run you can contact Labcoin at: sam.noi@labcoin.com - I will post bulk pricing and chip order run sizes as I get the information from Sam.

- Labcoin is currently expecting the full 1st stage of the mining operation roll-out to reach 50TH or more during mid to late October.
- More exact dates, chip speeds, pictures of chips, PCB schematics etc. will be posted as Sam receives this information from foundry and miner builders.
- I have personally requested sample chips and miner to be sent to me so that I can 'review' it for the forum. More info on this shortly.
- Labcoin has not forgotten about Fabrizio and Developers doing Q/A sessions and the other issues brought to our attention, but currently focus is on time-to-market and all available personnel is 100% committed to a successful mining operation.

- The Labcoin.com website will also be updated shortly and the new design will include real-time statistics of mining operation where visitors can follow miner deployment and hashing speed of the mining operation. More on this later.

TLDR; Things are going as planned with no delays as of yet. Labcoin expects to hash at approx 6TH within 3-4 weeks and 50TH+ by mid to late October. Serial production run of chips will start early Sept. Pictures of chips, schematics and miners etc. will be posted as they become available. Website is undergoing redesign and will feature a real-time mining statistic as soon as the mining operation goes live.

[abuelau]

Fantastic news!!

[demzie]

Sounds great.. Just bought a few stocks on BTCT.CO.. what will this mean for the stockholders?
Will they get dividend or something in the future? Or whats the plan on that.. readed the "details" but kinda alot of info..

Thanks and sorry if it was asked already a thousand times..

[TheSwede75]

Sounds great.. Just bought a few stocks on BTCT.CO.. what will this mean for the stockholders?
Will they get dividend or something in the future? Or whats the plan on that.. readed the "details" but kinda alot of info..

Thanks and sorry if it was asked already a thousand times..

I actually forgot that information so thank you for asking.

UPDATE:

If everything goes as per schedule Labcoin plans to start paying dividends from the mining operation as early as the first week of September.

[demzie]

Sounds great.. Just bought a few stocks on BTCT.CO.. what will this mean for the stockholders?
Will they get dividend or something in the future? Or whats the plan on that.. readed the "details" but kinda alot of info..

Thanks and sorry if it was asked already a thousand times..

I actually forgot that information so thank you for asking.

UPDATE:

If everything goes as per schedule Labcoin plans to start paying dividends from the mining operation as early as the first week of September.

Lol! great 

[yuansuyi]

clearly everyone is busy at buying, no time to reply.