zumzero
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September 06, 2013, 09:40:54 AM |
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"f there is any truth in my assertion the question, I suppose, is for how long can LC maintain enough of the global hashing rate to justify it's existence, if at all?" They are also developing new chip sizes Thanks, I need to read up more obviously...
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Mabsark
Legendary
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Activity: 826
Merit: 1004
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September 06, 2013, 09:50:38 AM |
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"f there is any truth in my assertion the question, I suppose, is for how long can LC maintain enough of the global hashing rate to justify it's existence, if at all?" They are also developing new chip sizes Thanks, I need to read up more obviously... In case you haven't heard yet, LC plan on having 200-300 TH/s worth of 65 nm chips this year.
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AngelSky
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September 06, 2013, 09:56:05 AM |
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Actually transferring more BTC's to btct. I'm sure you guys cannot hold for 6 days. Let me put some bid walls. Wait for me before the dumps. Thanks.
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abuelau
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September 06, 2013, 10:15:15 AM |
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Can someone remind me what LC's plan is in terms of hashing power? I can't find it anymore. What I know is:
1) 3-4 TH/s in September 2013 using the 130nm chips 2) 200-300 TH/s by December 2013 using the 65nm chips
But I also seem to remember that between #1 and #2 there was something. What was the goal in TH/s for the 130nm chips for Oct/Nov?
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Mabsark
Legendary
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Activity: 826
Merit: 1004
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September 06, 2013, 10:23:12 AM |
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Can someone remind me what LC's plan is in terms of hashing power? I can't find it anymore. What I know is:
1) 3-4 TH/s in September 2013 using the 130nm chips 2) 200-300 TH/s by December 2013 using the 65nm chips
But I also seem to remember that between #1 and #2 there was something. What was the goal in TH/s for the 130nm chips for Oct/Nov?
50 TH/s using the 130nm chips is due mid October.
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creativex
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September 06, 2013, 10:25:47 AM |
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It was 6Th/s for Sept, but mysteriously morphed into 3-4Th/s. Then there was a plan to roll out 50Th/s by Oct for their 130nm chips, but they've kind of overshadowed that with their recent announcement about how way awesome their 65nm stuff is looking. That's where the 200-300Th/s storyline came from. Actually when you think it through it sounds like some guy making sh1t up as he goes along, but we'll see soon enough.
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abuelau
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September 06, 2013, 10:45:42 AM |
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Thanks Guys.
So in my view the 3-4 TH/s will be good to prove that the chips works. But if we really get the 50TH/s in October, we will be in an excellent position, I believe the share price should be around 0.01 if that happens given that we would be controlling about 3% of total network hash rate and generating about 0.0002 BTC/share/month in dividends.
If we really get 200TH/s by December, we should have about 6% of the total hash rate and a share price of 0.002 is not impossible...
Good.
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Bitcycle
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September 06, 2013, 10:55:30 AM |
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The bot that duplicates your bid 0.0001 lower is completely exploitable.
You can set it to make an ask of whatever size you'd like to buy, at the lowest price, then cancel your ask. It's ask stays there for a moment.
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Mabsark
Legendary
Offline
Activity: 826
Merit: 1004
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September 06, 2013, 10:57:52 AM |
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Thanks Guys.
So in my view the 3-4 TH/s will be good to prove that the chips works. But if we really get the 50TH/s in October, we will be in an excellent position, I believe the share price should be around 0.01 if that happens given that we would be controlling about 3% of total network hash rate and generating about 0.0002 BTC/share/month in dividends.
If we really get 200TH/s by December, we should have about 6% of the total hash rate and a share price of 0.002 is not impossible...
Good.
Share price will be higher than 0.01 BTC after the 3-4 TH/s comes online. Just look at how ActM rose to around 0.0065 simply based on confirmation of the eASIC deal and that miners would be ready mid-October. With LC actually mining, there will be a significant rise in the share price.
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ShawnP
Newbie
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Activity: 52
Merit: 0
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September 06, 2013, 10:58:59 AM |
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So in my view the 3-4 TH/s will be good to prove that the chips works.
No it does not matter how much hash they have if they cannot provide proof that they have made the chips and they are not buying hardware from other suppliers. Just look into Asicminer thread or Bitfury thread how much proof was provided any you can get better picture.
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Bitcycle
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September 06, 2013, 11:02:27 AM |
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So in my view the 3-4 TH/s will be good to prove that the chips works.
No it does not matter how much hash they have if they cannot provide proof that they have made the chips and they are not buying hardware from other suppliers. Just look into Asicminer thread or Bitfury thread how much proof was provided any you can get better picture. LOL. You're becoming a real clown.
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Mabsark
Legendary
Offline
Activity: 826
Merit: 1004
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September 06, 2013, 11:03:30 AM |
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It was 6Th/s for Sept, but mysteriously morphed into 3-4Th/s. Then there was a plan to roll out 50Th/s by Oct for their 130nm chips, but they've kind of overshadowed that with their recent announcement about how way awesome their 65nm stuff is looking. That's where the 200-300Th/s storyline came from. Actually when you think it through it sounds like some guy making sh1t up as he goes along, but we'll see soon enough.
I don't know why you find that mysterious. Marketing pretty much always overestimates everything except price.
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wickedgoodtrader
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September 06, 2013, 11:04:16 AM |
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The bot that duplicates your bid 0.0001 lower is completely exploitable.
You can set it to make an ask of whatever size you'd like to buy, at the lowest price, then cancel your ask. It's ask stays there for a moment.
Yes that would be sweet if you wanted to buy. Hoewever it's not doing the same thing on the ASK end. So Right now you have someone duplicating all sells but not buys. NOT GOOD IF YOU ARE BETTING THE PRICE WILL GO UP! This pig is finished.
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Bitcycle
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September 06, 2013, 11:08:35 AM |
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I think it's hilarious that since they announced everything is on track the price stopped being stable and started drifting down.
Some shrewd, shrewd traders here.
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abuelau
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September 06, 2013, 11:10:15 AM |
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Thanks Guys.
So in my view the 3-4 TH/s will be good to prove that the chips works. But if we really get the 50TH/s in October, we will be in an excellent position, I believe the share price should be around 0.01 if that happens given that we would be controlling about 3% of total network hash rate and generating about 0.0002 BTC/share/month in dividends.
If we really get 200TH/s by December, we should have about 6% of the total hash rate and a share price of 0.002 is not impossible...
Good.
Share price will be higher than 0.01 BTC after the 3-4 TH/s comes online. Just look at how ActM rose to around 0.0065 simply based on confirmation of the eASIC deal and that miners would be ready mid-October. With LC actually mining, there will be a significant rise in the share price. Maybe, but my impression is that at that time there was a lot of BTC looking for investment, and not many investment options. Since then, lots of new companies IPO, including Labcoin. I think that 0.01 is the limit until we get the actual 50TH/s online in October and all the trolls cannot even question if the chips exist, if they are for real, etc. etc.
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ShawnP
Newbie
Offline
Activity: 52
Merit: 0
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September 06, 2013, 11:12:41 AM |
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So in my view the 3-4 TH/s will be good to prove that the chips works.
No it does not matter how much hash they have if they cannot provide proof that they have made the chips and they are not buying hardware from other suppliers. Just look into Asicminer thread or Bitfury thread how much proof was provided any you can get better picture. LOL. You're becoming a real clown. All you can come up with is an Ad hominem attack?
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Mabsark
Legendary
Offline
Activity: 826
Merit: 1004
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September 06, 2013, 11:17:20 AM |
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Thanks Guys.
So in my view the 3-4 TH/s will be good to prove that the chips works. But if we really get the 50TH/s in October, we will be in an excellent position, I believe the share price should be around 0.01 if that happens given that we would be controlling about 3% of total network hash rate and generating about 0.0002 BTC/share/month in dividends.
If we really get 200TH/s by December, we should have about 6% of the total hash rate and a share price of 0.002 is not impossible...
Good.
Share price will be higher than 0.01 BTC after the 3-4 TH/s comes online. Just look at how ActM rose to around 0.0065 simply based on confirmation of the eASIC deal and that miners would be ready mid-October. With LC actually mining, there will be a significant rise in the share price. Maybe, but my impression is that at that time there was a lot of BTC looking for investment, and not many investment options. Since then, lots of new companies IPO, including Labcoin. I think that 0.01 is the limit until we get the actual 50TH/s online in October and all the trolls cannot even question if the chips exist, if they are for real, etc. etc. This only happened the 2 days ago and is why ActM's price is still above 0.004. People are basically just waiting for confirmation that LC is legit and on schedule. When that happens, you'll see a lot of people sell their other shares to buy LC hoping to cash in on the inevitable price rise.
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zumzero
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September 06, 2013, 11:17:47 AM |
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It was 6Th/s for Sept, but mysteriously morphed into 3-4Th/s. Then there was a plan to roll out 50Th/s by Oct for their 130nm chips, but they've kind of overshadowed that with their recent announcement about how way awesome their 65nm stuff is looking. That's where the 200-300Th/s storyline came from. Actually when you think it through it sounds like some guy making sh1t up as he goes along, but we'll see soon enough.
130nm chips? Is this a typo? Even Pentium 4 was 90nm and that generated a lot of heat! Wow.
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Mabsark
Legendary
Offline
Activity: 826
Merit: 1004
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September 06, 2013, 11:22:19 AM |
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It was 6Th/s for Sept, but mysteriously morphed into 3-4Th/s. Then there was a plan to roll out 50Th/s by Oct for their 130nm chips, but they've kind of overshadowed that with their recent announcement about how way awesome their 65nm stuff is looking. That's where the 200-300Th/s storyline came from. Actually when you think it through it sounds like some guy making sh1t up as he goes along, but we'll see soon enough.
130nm chips? Is this a typo? Even Pentium 4 was 90nm and that generated a lot of heat! Wow. AM also uses 130nm. Avalon uses 110nm. AM chips are better than Avalon chips. Smaller process != better chip.
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abuelau
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September 06, 2013, 11:22:45 AM |
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Thanks Guys.
So in my view the 3-4 TH/s will be good to prove that the chips works. But if we really get the 50TH/s in October, we will be in an excellent position, I believe the share price should be around 0.01 if that happens given that we would be controlling about 3% of total network hash rate and generating about 0.0002 BTC/share/month in dividends.
If we really get 200TH/s by December, we should have about 6% of the total hash rate and a share price of 0.002 is not impossible...
Good.
Share price will be higher than 0.01 BTC after the 3-4 TH/s comes online. Just look at how ActM rose to around 0.0065 simply based on confirmation of the eASIC deal and that miners would be ready mid-October. With LC actually mining, there will be a significant rise in the share price. Maybe, but my impression is that at that time there was a lot of BTC looking for investment, and not many investment options. Since then, lots of new companies IPO, including Labcoin. I think that 0.01 is the limit until we get the actual 50TH/s online in October and all the trolls cannot even question if the chips exist, if they are for real, etc. etc. This only happened the 2 days ago and is why ActM's price is still above 0.004. People are basically just waiting for confirmation that LC is legit and on schedule. When that happens, you'll see a lot of people sell their other shares to buy LC hoping to cash in on the inevitable price rise. Oh you mean the recent one. I thought you were referring to the original jump to 0.007 when the eASIC letter was first confirmed. Well, you may be right we have to wait and see. Either way, I think there's a good chance that the LC price will gravitate around 0.01 in the next few weeks, maybe a bit more, maybe a bit less.
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