Vbs
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September 05, 2013, 12:47:01 AM |
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If there's 5-6PH online in November and Labcoin effectively gets 50TH online, that's ~0.9% of the total network hashrate, earning around BTC1000 per month.
If that ridiculous 5-6PH figure will really come true by November (it won't), those 1000 btc per month will still give a 30% APR for LC shares at current price. And that is if they really only have the 50TH and have no hardware sales. They actually plan on getting 200-300TH and will obviously also have a lot of hardware sales... I don't even know what point you're trying to make. That making 1000BTC per month in a fucking 6PH network is too little? You're using one month to estimate an APR figure??? On a market where diff rises at an exponential rate? Let's have some chips working first, since their big value is on getting hardware running sooner than later.
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physalis
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September 05, 2013, 12:58:39 AM |
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You're using one month to estimate an APR figure??? On a market where diff rises at an exponential rate?
You're the one picking November and that ridiculous 5-6PH number. LC will already have been mining for months by then. And yes, I can calculate an APR value for the given profit of a given timeframe. Let's have some chips working first, since their big value is on getting hardware running sooner than later.
Since they are planning to start mining within 5 days, they have working chips already.
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limbaugh
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September 05, 2013, 01:01:33 AM |
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Since they are planning to start mining within 5 days, they have working chips already.
Oh really, where has this been confirmed that the chips are indeed working?
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physalis
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September 05, 2013, 01:03:56 AM |
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Oh really, where has this been confirmed that the chips are indeed working?
I'm sure you didn't miss the news today. Deployment is proceeding according to plans and pictures of the devices will be revealed later. Hashing will start on the promised date.
When that is said just a few days before mining is supposed to start, it either means the chips are working, or LC is lying.
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physalis
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September 05, 2013, 01:38:21 AM |
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They didn't lie, they conveniently omitted saying the chips were working.
If you want to see it that way, fine. They have the chips for a week now, so they should know if they work or not. And if they don't work, I'd consider "Deployment is proceeding according to plans" a pretty clear lie.
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N_S
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September 05, 2013, 01:39:14 AM |
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They didn't lie, they conveniently omitted saying the chips were working.
Your profile picture is a perfect response to this.
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Bitcycle
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September 05, 2013, 01:39:28 AM |
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They didn't lie, they conveniently omitted saying the chips were working.
That's just not a reasonable interpretation of what they said. They might be lying, but they're clearly indicating they have run into no major issues.
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Vigil
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September 05, 2013, 01:55:43 AM |
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They didn't lie, they conveniently omitted saying the chips were working.
That's just not a reasonable interpretation of what they said. They might be lying, but they're clearly indicating they have run into no major issues. But that could be a lie.
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creativex
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September 05, 2013, 01:59:41 AM |
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But that could be a lie. It's almost like you WANT me to go away thinking there's no easter bunny. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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JohnyBigs
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September 05, 2013, 02:00:14 AM |
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They didn't lie, they conveniently omitted saying the chips were working.
That's just not a reasonable interpretation of what they said. They might be lying, but they're clearly indicating they have run into no major issues. But that could be a lie. You could be lying
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Ytterbium
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September 05, 2013, 02:00:24 AM |
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They didn't lie, they conveniently omitted saying the chips were working.
That's just not a reasonable interpretation of what they said. They might be lying, but they're clearly indicating they have run into no major issues. But that could be a lie. Right. The question is whether or not it's reasonable to assume that both the chips don't work and they didn't lie. Obviously, that's not the case. It's one or the other.
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JohnyBigs
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September 05, 2013, 02:01:22 AM |
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Can we fast forward 5 days from now so the price of LabCoin can explode while these trolls jerk eachother off.
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Luckybit
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September 05, 2013, 02:14:11 AM |
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As we already stated, chip documentation isn't ready yet for public distribution. We will start distribution to third parties when hashing power deployed will meet the goals we have set. This is our top priority right now. We want to mention that we have received interview requests from several well know parties, CNN and Bloomberg being the most prominent and late progress with our 65nm design lead us to believe we will deploy 200-300 TH within 2013.
What percentage of the network would 200-300TH be within the estimated 5-6 PH network difficulty? Where are the mathematicians who can tell us what the projected dividends bye bye .0032
Where do you think the share price will land?
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redmetal
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September 05, 2013, 02:24:22 AM |
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As we already stated, chip documentation isn't ready yet for public distribution. We will start distribution to third parties when hashing power deployed will meet the goals we have set. This is our top priority right now. We want to mention that we have received interview requests from several well know parties, CNN and Bloomberg being the most prominent and late progress with our 65nm design lead us to believe we will deploy 200-300 TH within 2013.
What percentage of the network would 200-300TH be within the estimated 5-6 PH network difficulty? Where are the mathematicians who can tell us what the projected dividends will be? Try 200th would be 3.3% of a 6ph network, Blocks are meant to be mined 1 every 10 mins, @25BTC per block (3600BTC per day, or 1.3m year) Then 3.3%/year is ~43,000BTC. Divide this by 10,000,000 shares 0.0043/share from mining p/a Then include sales + transaction fees (ATM TF's are only ~1%)
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Panterino
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September 05, 2013, 02:55:11 AM |
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As we already stated, chip documentation isn't ready yet for public distribution. We will start distribution to third parties when hashing power deployed will meet the goals we have set. This is our top priority right now. We want to mention that we have received interview requests from several well know parties, CNN and Bloomberg being the most prominent and late progress with our 65nm design lead us to believe we will deploy 200-300 TH within 2013.
What percentage of the network would 200-300TH be within the estimated 5-6 PH network difficulty? Where are the mathematicians who can tell us what the projected dividends will be? Try 200th would be 3.3% of a 6ph network, Blocks are meant to be mined 1 every 10 mins, @25BTC per block (3600BTC per day, or 1.3m year) Then 3.3%/year is ~43,000BTC. Divide this by 10,000,000 shares 0.0043/share from mining p/a Then include sales + transaction fees (ATM TF's are only ~1%) With current norms (ie ASICminer returns) the stock would triple .0043, which is .0129.
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Ytterbium
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September 05, 2013, 03:06:42 AM |
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As we already stated, chip documentation isn't ready yet for public distribution. We will start distribution to third parties when hashing power deployed will meet the goals we have set. This is our top priority right now. We want to mention that we have received interview requests from several well know parties, CNN and Bloomberg being the most prominent and late progress with our 65nm design lead us to believe we will deploy 200-300 TH within 2013.
What percentage of the network would 200-300TH be within the estimated 5-6 PH network difficulty? Where are the mathematicians who can tell us what the projected dividends will be? Try 200th would be 3.3% of a 6ph network, Blocks are meant to be mined 1 every 10 mins, @25BTC per block (3600BTC per day, or 1.3m year) Then 3.3%/year is ~43,000BTC. Divide this by 10,000,000 shares 0.0043/share from mining p/a Then include sales + transaction fees (ATM TF's are only ~1%) With current norms (ie ASICminer returns) the stock would triple .0043, which is .0129. Yeah. Labcoin needs a more aggressive plan for deploying it's hashpower then it currently has to justify a higher price.
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limbaugh
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September 05, 2013, 04:12:47 AM |
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Big dump. Labcoin liquidating shares before the 10th?
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pheaonix
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September 05, 2013, 04:17:53 AM |
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Big dump. Labcoin liquidating shares before the 10th?
i sure am glad i sold off my actm shares and bought into labcoin ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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drawingthesun
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September 05, 2013, 04:25:10 AM |
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Big dump. Labcoin liquidating shares before the 10th?
I'm afraid this is probably the case.
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Bitcycle
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September 05, 2013, 04:25:24 AM |
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Big dump. Labcoin liquidating shares before the 10th?
1/10. Lacks any originality. Would not panic.
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