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

[Bitcycle]

It will be gone by tomorrow, just look at all the money leaving ASIC miner

Wow, people are really overreacting on ASIC Miner.  Oh well.

[Zubilica]

It will be gone by tomorrow, just look at all the money leaving ASIC miner

Is the other way . Ppl will rush to buy cheap AM shares.

[VolanicEruptor]

It will be gone by tomorrow, just look at all the money leaving ASIC miner

Is the other way . Ppl will rush to buy cheap AM shares.

Your period looks lonely, and what the hell is a ppl?

[physalis]

Wow, people are really overreacting on ASIC Miner.  Oh well.

Not really. Their shares have been highly overvalued for a while now in my opinion. I wouldn't buy any above 2 btc.
I think something like 3.5 btc was possibly a fair value for when they had 20% of the network and it looked like they could hold that.
Now they have 5%.

[redbeans2012]

Wow, people are really overreacting on ASIC Miner.  Oh well.

Not really. Their shares have been highly overvalued for a while now in my opinion. I wouldn't buy any above 2 btc.
I think something like 3.5 btc was possibly a fair value for when they had 20% of the network and it looked like they could hold that.
Now they have 5%.

I wouldn't count friedcat out yet.  He is always one step ahead it seems. 

[klee]

It will be gone by tomorrow, just look at all the money leaving ASIC miner

Is the other way . Ppl will rush to buy cheap AM shares.

Good luck to them catching the falling knife!

[Vigil]

Here it comes, we are knocking on the door to .003.

[TMAN]

Has most of that wall been pulled? Can't see any trades where it was eaten

[FloatesMcgoates]

I'd get back in but the stupid blockchain is taking forever


Edit: There it goes, time to do my share of wall eating

[TsuyokuNaritai]

Before the avalanche of fake photos & FUD and all hell breaking lose, there was a brief discussion about this:

I think LABCOIN will get first test-run chips before Aug-28.

The Fab is TSMC Fab12 TMED87.
SZICC's TSMC plan
http://www.szicc.net/UploadFile/File/2013062714360271875007525.pdf

ITech's portal on SZICC
http://www.szicc.net/Portals/CompanyIndex.aspx?UID=227

You can find WangZhengHua's cell phone number in Google cache.

Good job, detective 

Could someone explain what they even mean as I can't see any relevant data.

Scroll down, to the row where it says "0.13 um" (=130nm, which is the process we're using). In that row, you'll see a production that started July 24th. That is ours.
The next one is scheduled for Aug-28, which means at the latest then will the chips be finished (though I think probably sooner).
That's the way I understand it. Could be wrong though, I have not the slightest idea on how these fabs are run.

Can anyone confirm it's significance? Thanks.

[TMAN]

It's going to an interesting weekend now... Wall gone.. Lots of chat.  0.005 is nocking

[VolanicEruptor]

It's going to an interesting weekend now... Wall gone.. Lots of chat.  0.005 is nocking

So if .005 is knocking, does that mean the price rise will go backwards??   

[TMAN]

VE you might be thinking of another stock...0.005 to finish Saturday off would be a result in my eyes

[AngelSky]

It's going to an interesting weekend now... Wall gone.. Lots of chat.  0.005 is nocking

0.3 wall down ? 

[SebastianJu]

>I say because who has showed up to demonstrate otherwise? far as i see fabrizio==samuel? who is the guy on chatroom can you tell me?

I dont know of a chat. I use the infos i find so why should i think about that chat? And at least in my country your guilty if you proof one is guilty, its not that he has to proof that he is not guilty.

>it's not a theory, you are saying so vaguely "all the work that needs to be done" such as what? These guys are nominee director and ceo respectively with chinese and european team to do the dishes (if you beleive their stories) so under the labcoin account he was active regularly during the time his european and chinese team were hard at work on not only a 180nm asic, but a 65nm too- which is the bulk of the work. yet after he's collected 700K he hasn't said a word in 3 weeks.. even though the ic is supposedly finalising fab, during this process you can only twiddle your thumbs, pcb is not a 3 week job by their capabilities..so what could of changed where he suddenly find himself so busy he cannot login for 5 minutes?

What do you think they have to work? Do you think leading a groupbuy is not much work? I think you only have to collect money and wait right? Its far from true. Its a lot more work you dont even think of. And i doubt that a CEO in this project only is telling someone "I want an ASIC" and thats it. Theres much more work involved im sure. But youre right... some words on this would be good.

>why don't you search "久昌國際物流有限公司" and start digging. chips are not in customs and Yifu have to pay in order to get some chips sent,mqh,ccmbc,colorbit,qqagent,furious,42btc,10btc,beehive,btcdrill,beehive,tuanbtc,hashmining,digcoin blalalalal shitty china oems have managed to collect..limited qty whatsmore he cannot directly pay to get them out

Im not sure what you wrote but i think somethings not correct around Yifu. I tend to believe he sold our chips to a high bidder and ordered more for us... now they come late.

>I'm not asking him to speak with every shareholder, furthermore i don't even care about locked shares- i just think since he is promised to no other option than to deliver

Yes, a promise should be kept. Especially when people should trust you. But in fact he already have enough people that trust him, he collected the money he needs already.

>no there are companies offering investment and not only purchase of hardware, you have to do own research and evaluate whether real, whether profitable this sort of things.

I did. I only found ActiveMining and Labcoin that create their own asics and want to reinvest into miners to get this going long time. Then there is 100TH which only wants to build 200TH and thats it. And thats all i know... the rest are companies that create Asics to sell miners. Let me know if you know more and ill check them out. Litecoin Asics would be interesting too.

>it's true..I can't see what sense not to just dissapear if it's the case- it's certainly more profitable to actually deliver, but still it's not enough to say for sure they are legitimate cause of that- other scams have happened that don't seem logical

That might be right. But again... this is an investment. You check for yourself if you want to invest and if you can bear the chance to lose everything. In turn you have the chance to earn some money.

[Multi]

Amazing company.

[FloatesMcgoates]

>I say because who has showed up to demonstrate otherwise? far as i see fabrizio==samuel? who is the guy on chatroom can you tell me?

I dont know of a chat. I use the infos i find so why should i think about that chat? And at least in my country your guilty if you proof one is guilty, its not that he has to proof that he is not guilty.

>it's not a theory, you are saying so vaguely "all the work that needs to be done" such as what? These guys are nominee director and ceo respectively with chinese and european team to do the dishes (if you beleive their stories) so under the labcoin account he was active regularly during the time his european and chinese team were hard at work on not only a 180nm asic, but a 65nm too- which is the bulk of the work. yet after he's collected 700K he hasn't said a word in 3 weeks.. even though the ic is supposedly finalising fab, during this process you can only twiddle your thumbs, pcb is not a 3 week job by their capabilities..so what could of changed where he suddenly find himself so busy he cannot login for 5 minutes?

What do you think they have to work? Do you think leading a groupbuy is not much work? I think you only have to collect money and wait right? Its far from true. Its a lot more work you dont even think of. And i doubt that a CEO in this project only is telling someone "I want an ASIC" and thats it. Theres much more work involved im sure. But youre right... some words on this would be good.

>why don't you search "久昌國際物流有限公司" and start digging. chips are not in customs and Yifu have to pay in order to get some chips sent,mqh,ccmbc,colorbit,qqagent,furious,42btc,10btc,beehive,btcdrill,beehive,tuanbtc,hashmining,digcoin blalalalal shitty china oems have managed to collect..limited qty whatsmore he cannot directly pay to get them out

Im not sure what you wrote but i think somethings not correct around Yifu. I tend to believe he sold our chips to a high bidder and ordered more for us... now they come late.

>I'm not asking him to speak with every shareholder, furthermore i don't even care about locked shares- i just think since he is promised to no other option than to deliver

Yes, a promise should be kept. Especially when people should trust you. But in fact he already have enough people that trust him, he collected the money he needs already.

>no there are companies offering investment and not only purchase of hardware, you have to do own research and evaluate whether real, whether profitable this sort of things.

I did. I only found ActiveMining and Labcoin that create their own asics and want to reinvest into miners to get this going long time. Then there is 100TH which only wants to build 200TH and thats it. And thats all i know... the rest are companies that create Asics to sell miners. Let me know if you know more and ill check them out. Litecoin Asics would be interesting too.

>it's true..I can't see what sense not to just dissapear if it's the case- it's certainly more profitable to actually deliver, but still it's not enough to say for sure they are legitimate cause of that- other scams have happened that don't seem logical

That might be right. But again... this is an investment. You check for yourself if you want to invest and if you can bear the chance to lose everything. In turn you have the chance to earn some money.

We are not on reddit you know

[alchimista]

Amazing company.

Big bubble!

[Luckybit]

Amazing company.

Big bubble!

Looks like it's gonna hit 0.004 over the weekend. Someone must know something to be buying this much ahead of the monday announcement.

[HuLaN]

Regardless of if all "qwertyqwerty" posted was fake or not I still hope Labcoin will update us this week what the current plan is regarding USB miners... its obviously been on their agenda since before the IPO.. It could be a really great revenue stream just like it has been for AsicMiner..  

From the log from the open Q/A session in the #labcoin channel a couple of weeks ago it sounds like USB miners will come later..

<ThickAsThieves> I will post a current question list momentarily
--> rlight (dede9602@gateway/web/freenode/ip.222.222.150.2) has joined #labcoin
<afrotec> magic unicorn
<grilledplatypus> 中国ASICS最好的语言。不是中国人，不合法
<zefy> close..
--> virtuals (~virtuals@85-76-11-192-nat.elisa-mobile.fi) has joined #labcoin
<labcoin_dev> estimate date for receiving sample chip, one week later, if there are no delays, the plan is having boards produced within the first week of september
 we will focus on deploying internal hash power initially and won't ship USB miners yet, time is tigh#
<dexX7> one week later after what date? sorry, i just joined