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

[TMAN]

Labcoin: What is the reason for the drop from the original estimate of 6Th/s to 3-4Th/s to now 2Th/s for this initial batch? Is there a problem with heat?

Not really a drop to 2 TH, this is roughly the speed we're mining at now, it will reach 4 TH next monday. The drop  was from 6 to 4 TH and was caused by some underperforming part of the batch.

when do we expect a dividend? somewhere this week?

So 2 weeks till we start seeing divs?

First dividend payment is due  on tuesday 17 September

Thanks and a quick screenshot before you go? If not a snap on a smartphone will do. Email and text are pretty quick from continent to continent..

[N_S]

The LC vs. ActM show is in full force.

ActM cheerleaders heavy on the FUD - why people seem to think certain operations have a monopoly on profit is unreal...

[Bitcycle]

Labcoin releases are getting shadier by the day. Talk is cheap.

You're not even trying any more.

[physalis]

Anyone see a response with regard to the founder's share issue?

Of course not. Wasn't even mentioned.

You guys really believe a scam can just mean "take the money and run"? Have you ever actually witnessed a long-running scam?

Fact is: it would have been so easy to provide proof that they're hashing.
It wouldn't even need to be asked for, it would be the default behaviour of someone who would post news, include something to show off.
And they wouldn't be solo-mining, jesus christ. They would join a pool like every normal person would with that hashrate.
But that would have been verifiable, so they say they're solo-mining.

There has been a number of news now, and *never* was there any verifiable proof of anything.

[jeffhuys]

Please, just one pic. One!

[Bitcycle]

Please don't post any pics. I have bids waiting for a panic.

[creativex]

First dividend payment is due  on tuesday 17 September

TY LC.

Is the rollout of the 65nm chips still on schedule? Is it still 200-300Th before year end?

[zumzero]

  Please don't get burned.  

Ah yes, "concern".

Thank you for your "concern" for us. I'm glad you're here to watch out!

You may joke, but I genuinely do not wish anyone to lose money.  I don't play that game.  I have my shares and I am holding long ActM.  I also invested as much as I can afford.  My motives for being here are to encourage people to bail and get involved in other investments.  If they chose to invest in ActM then great, if not, good luck to them elsewhere.  It's that simple my friend.  

[AngelSky]

Please don't post any pics. I have bids waiting for a panic.

Same here  

[labcoin]

LOL... you guys are a joke... if this is a scam, these are the worst scammers EVER. They should have run the day after the IPO instead of answering your questions here in the forum.... it's like a bankrobber that has $10 Million in his bag and decides to stay to chat with the bank employees and see if he can steal their watches too...

Better. They announced a lower hashrate than initial. I doubt a pure scam would do such. Still like to see some proof of work though.

Not selling.

That could just demonstrate how well they are running this scam -- they drop subtle hints like this to make you think they are legit, but don't provide easily verifiable evidence like mining on a pool to show they are at 2TH/s. The same concept applies to doing the percentage IPO instead of taking the money and running, because then they can later manipulate the market with unlocked shares.

I agree the choice of language and convenient answers are very much red flags to me.  Time to get out with some profit boys.  Please don't get burned.  ActM is a healthy investment alternative in a real company who are very transparent and will provided all the answers you want as the boss and the advisory board are always available on irc to chat.  We don't hold grudges and are ready to welcome Mabsark back into the fold a little sooner than he was planning.  

We think we gave enough evidence that our company and achievements are real to avoid being labeled as a "scam". Our company is sitting on valuable hardware and intellectual property and we're confident we will delivery nice performances to our shareholders.
We will work on improving our communications as we settle on our final premise and have reached stability.

[Vigil]

Where's Mabsark then.  Come on mate let's hear what you have to say about this shambles...

Probably too busy dumping his shares as he nervously wipes the sweat from his brow.  

I'm right here. I've already stated repeatedly that I won't be selling any of my shares till around November. Why? Because I'm not some retard willing to sell my shares for 0.004 when I expect to get at least 0.03 and more likely 0.05 BTC per share.

Anyone selling now is a brain dead idiot, or simply trying to cause a panic sell in order to get more cheap shares. This should be blatantly obvious, otherwise they would have sold their shares sooner.

The only reason the price dropped is because someone sold a lot of shares. Now the price has risen again and that person attempts at spreading FUD in order to buy more shares have failed. Just another person making an incredibly stupid decision.

Just wait for people in the US to find out and react. Tomorrow, the share price will be above 0.01.

People in the US are wide awake, it is afternoon here.

[Pale Phoenix]

The word "troll" has no practical meaning any longer because so many use it to describe anyone they disagree with...regardless of content.

100% agree.

Nah, it does still have meaning for those who can separate the wheat from the chaff. If widespread misuse indeed renders words useless, I'm going to nominate "bond" as the first, and perhaps greatest, casualty of this forum.

[pedrog]

Great news!

But would be greater if we could verify the hashing power, I guess we need to wait some more...

[creativex]

The word "troll" has no practical meaning any longer because so many use it to describe anyone they disagree with...regardless of content.

100% agree.

Nah, it does still have meaning for those who can separate the wheat from the chaff. If widespread misuse indeed renders words useless, I'm going to nominate "bond" as the first, and perhaps greatest, casualty of this forum.

lol

I stand corrected then.

troll.

[AngelSky]

LOL... you guys are a joke... if this is a scam, these are the worst scammers EVER. They should have run the day after the IPO instead of answering your questions here in the forum.... it's like a bankrobber that has $10 Million in his bag and decides to stay to chat with the bank employees and see if he can steal their watches too...

Better. They announced a lower hashrate than initial. I doubt a pure scam would do such. Still like to see some proof of work though.

Not selling.

That could just demonstrate how well they are running this scam -- they drop subtle hints like this to make you think they are legit, but don't provide easily verifiable evidence like mining on a pool to show they are at 2TH/s. The same concept applies to doing the percentage IPO instead of taking the money and running, because then they can later manipulate the market with unlocked shares.

I agree the choice of language and convenient answers are very much red flags to me.  Time to get out with some profit boys.  Please don't get burned.  ActM is a healthy investment alternative in a real company who are very transparent and will provided all the answers you want as the boss and the advisory board are always available on irc to chat.  We don't hold grudges and are ready to welcome Mabsark back into the fold a little sooner than he was planning.  

We think we gave enough evidence that our company and achievements are real to avoid being labeled as a "scam". Our company is sitting on valuable hardware and intellectual property and we're confident we will delivery nice performances to our shareholders.
We will work on improving our communications as we settle on our final premise and have reached stability.

You have to understand that everyone here is waiting for a proof. Please, make something happen ASAP.

[mfalme]

 


Its the middle of the afternoon in the US, people are really oblivious

[physalis]

We think we gave enough evidence that our company and achievements are real

What evidence would that be exactly? I have seen none, and I have been following this thread non-stop.

[Stuartuk]

Anyone selling now is a brain dead idiot, or simply trying to cause a panic sell in order to get more cheap shares. This should be blatantly obvious, otherwise they would have sold their shares sooner.

The only reason the price dropped is because someone sold a lot of shares. Now the price has risen again and that person attempts at spreading FUD in order to buy more shares have failed. Just another person making an incredibly stupid decision.

Just wait for people in the US to find out and react. Tomorrow, the share price will be above 0.01.

Everyone should:

1) Bookmark this above post so you can see how wrong it proves to be in the coming days.
2) Remember that this guy has a very large position and will say anything to pump this stock - even when it is a scam as he doesn't care about LC, just his position.
3) Keep selling - you need to get out now before these big holders do because once they start to sell, price will drop like a stone.

[redbeans2012]

LOL... you guys are a joke... if this is a scam, these are the worst scammers EVER. They should have run the day after the IPO instead of answering your questions here in the forum.... it's like a bankrobber that has $10 Million in his bag and decides to stay to chat with the bank employees and see if he can steal their watches too...

Better. They announced a lower hashrate than initial. I doubt a pure scam would do such. Still like to see some proof of work though.

Not selling.

That could just demonstrate how well they are running this scam -- they drop subtle hints like this to make you think they are legit, but don't provide easily verifiable evidence like mining on a pool to show they are at 2TH/s. The same concept applies to doing the percentage IPO instead of taking the money and running, because then they can later manipulate the market with unlocked shares.

I agree the choice of language and convenient answers are very much red flags to me.  Time to get out with some profit boys.  Please don't get burned.  ActM is a healthy investment alternative in a real company who are very transparent and will provided all the answers you want as the boss and the advisory board are always available on irc to chat.  We don't hold grudges and are ready to welcome Mabsark back into the fold a little sooner than he was planning.  

We think we gave enough evidence that our company and achievements are real to avoid being labeled as a "scam". Our company is sitting on valuable hardware and intellectual property and we're confident we will delivery nice performances to our shareholders.
We will work on improving our communications as we settle on our final premise and have reached stability.

To be honest you really haven't given any evidence.  Bitcoin world is full of scams, you can't blame people for wanting something solid.  Some of your claims are easily verifiable.

[camu6]

LOL... you guys are a joke... if this is a scam, these are the worst scammers EVER. They should have run the day after the IPO instead of answering your questions here in the forum.... it's like a bankrobber that has $10 Million in his bag and decides to stay to chat with the bank employees and see if he can steal their watches too...

Better. They announced a lower hashrate than initial. I doubt a pure scam would do such. Still like to see some proof of work though.

Not selling.

That could just demonstrate how well they are running this scam -- they drop subtle hints like this to make you think they are legit, but don't provide easily verifiable evidence like mining on a pool to show they are at 2TH/s. The same concept applies to doing the percentage IPO instead of taking the money and running, because then they can later manipulate the market with unlocked shares.

I agree the choice of language and convenient answers are very much red flags to me.  Time to get out with some profit boys.  Please don't get burned.  ActM is a healthy investment alternative in a real company who are very transparent and will provided all the answers you want as the boss and the advisory board are always available on irc to chat.  We don't hold grudges and are ready to welcome Mabsark back into the fold a little sooner than he was planning.  

We think we gave enough evidence that our company and achievements are real to avoid being labeled as a "scam". Our company is sitting on valuable hardware and intellectual property and we're confident we will delivery nice performances to our shareholders.
We will work on improving our communications as we settle on our final premise and have reached stability.

So many empty words... and proof is just one click away.... unless...