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

[damiano]

Manipulate the price even more, I'll just buy more

[somestranger]

Limbaugh's manipulation is definitely blatant for those savvy to it, but you have to admit he is amazing at tricking the less informed into panic selling.

[creativex]

Involving Sparmann in their project proves that labcoin management *IS* capable of making a good decision at least part of the time. At least it works for me.

Labcoin The Seven
August 8, 2013 By bcoinnews Leave a Comment
IRC conversation with [7] from FPGAmining
<jborkl>You are TheSeven from Fpgamining correct?
<[7]> yes
<jborkl> i.e.(Labcoin) they are actually developing something?
<[7]> I can’t really comment on that because I wasn’t involved in the development of them besides giving them some general hints what can be optimized etc.
<[7]> i’m mostly involved with the second generation chips
<jborkl> 65nm chips?
<[7]> yes, they are actually developing something, definitely. I just can’t comment on how successful it will be
<jborkl> Thank you. I will ask your permission to post this up.
<[7]> yes, from what i know that second generation will be 65nm, although we could technically still switch to something else at this stage
<jborkl> ok, Thank you for your time.

http://bcoinnews.com/2013/08/08/labcoin-the-seven/

Great finding.

I had the same idea and wrote TheSeven yesterday here on btctalk, but I didn't receive an answer.

(which does not mean much - last time only more than a week ago)

Thanks, it took some clicking around. I've always found it a bit odd that LC's 180 130nm project is timed so closely with their 65nm project. I wonder if perhaps they pulled the plug on 130nm chips or had problems and they're just stalling until their "real" chips arrive in all their 65nm goodness. Guess we can only wait and see at this point.

Cheers.

Edit: There are few others' whose confirmed involvement would lend as much credibility as TheSeven's. Regardless of how poorly LC has handled this whole affair, I'm convinced it is not a scam.

[Bitcycle]

Tick tock, Labcoin.

The deadline for this update was yours.  No excuses.

[jimmy3dita]

you mean someone named LIMBAUGH was lying to me? 

I'M SHOCKED

Shenanigans! Again!

[TsuyokuNaritai]

Tick tock, Labcoin.

The deadline for this update was yours.  No excuses.

Might this have been the update?

[Ytterbium]

If it's any consolation guys go check out the ActM thread - people aren't exactly happy in there either

PLEASE...
someone make it stop.

[kingcrimson]

Sad really, the chance to get out above .003 is dwindling. Way to stab your supporters in the back Labcoin.

As long as Labcoin isn't a total scam they price should go back up as soon as they start verifiably mining.

All they would need to do to fix the share price is start mining on a pool where they can show their hashrate.

I agree, Labcoin could put an end to this downward spiral but they choose not to. I still am holding a stake albeit a much smaller one now.

Limbaugh was caught manipulating price yesterday, don't believe a single thing he says.

Nice work Scherlock. Now find the missing blocks, press releases, and lab photos.

You could've kept doing it but you let ego get in your way, you had to brag and let everyone know. Now you have zero credibility. It's a life lesson.

[Vigil]

Tick tock, Labcoin.

The deadline for this update was yours.  No excuses.

Might this have been the update?

No, the update we are expecting are the pictures and the website updates and details.

IF this isn't a scam, then they just don't have the boards working yet, at least at any satisfactory level. I guess they felt it was better to tell a fib than to let the reactionaries crash the price of the stock.

[limbaugh]

Sad really, the chance to get out above .003 is dwindling. Way to stab your supporters in the back Labcoin.

As long as Labcoin isn't a total scam they price should go back up as soon as they start verifiably mining.

All they would need to do to fix the share price is start mining on a pool where they can show their hashrate.

I agree, Labcoin could put an end to this downward spiral but they choose not to. I still am holding a stake albeit a much smaller one now.

Limbaugh was caught manipulating price yesterday, don't believe a single thing he says.

Nice work Scherlock. Now find the missing blocks, press releases, and lab photos.

You could've kept doing it but you let ego get in your way, you had to brag and let everyone know. Now you have zero credibility. It's a life lesson.

I'm not running for a popularity contest, I could care less what internet sheeple think of me. I want Labcoin to deliver what they promised. It looks like that will never happen hence the tanking share price.

[jeffhuys]

Sad really, the chance to get out above .003 is dwindling. Way to stab your supporters in the back Labcoin.

As long as Labcoin isn't a total scam they price should go back up as soon as they start verifiably mining.

All they would need to do to fix the share price is start mining on a pool where they can show their hashrate.

I agree, Labcoin could put an end to this downward spiral but they choose not to. I still am holding a stake albeit a much smaller one now.

Limbaugh was caught manipulating price yesterday, don't believe a single thing he says.

Nice work Scherlock. Now find the missing blocks, press releases, and lab photos.

You could've kept doing it but you let ego get in your way, you had to brag and let everyone know. Now you have zero credibility. It's a life lesson.

I'm not running for a popularity contest, I could care less what internet sheeple think of me. I want Labcoin to deliver what they promised. It looks like that will never happen hence the tanking share price.

Internet sheeple. Haha. /ignore

[Bitcycle]

Sad really, the chance to get out above .003 is dwindling. Way to stab your supporters in the back Labcoin.

As long as Labcoin isn't a total scam they price should go back up as soon as they start verifiably mining.

All they would need to do to fix the share price is start mining on a pool where they can show their hashrate.

I agree, Labcoin could put an end to this downward spiral but they choose not to. I still am holding a stake albeit a much smaller one now.

Limbaugh was caught manipulating price yesterday, don't believe a single thing he says.

Nice work Scherlock. Now find the missing blocks, press releases, and lab photos.

You could've kept doing it but you let ego get in your way, you had to brag and let everyone know. Now you have zero credibility. It's a life lesson.

I'm not running for a popularity contest, I could care less what internet sheeple think of me. I want Labcoin to deliver what they promised. It looks like that will never happen hence the tanking share price.

Internet sheeple. Haha. /ignore

But he's not wrong. 

[Ytterbium]

You guys know you don't have to quote the entire thread to eachother, right?

[N_S]

I try to quote just the bit I'm replying to.

[redbeans2012]

So who has the script that waits for labcoin or swede to update this thread and sounds an alarm?  

[Stuartuk]

If it's any consolation guys go check out the ActM thread - people aren't exactly happy in there either

PLEASE...
someone make it stop.

Is that how desperate you guys have got over here? Slagging off the opposition because you are in such a terrible situation?

You really think having a laugh at other companies is going to stop you all losing your money? Good luck with that.

[Rulother]

So who has the script that waits for labcoin or swede to update this thread and sounds an alarm?  

This would be interesting..

[limbaugh]

Is that how desperate you guys have got over here? Slagging off the opposition because you are in such a terrible situation?

You really think having a laugh at other companies is going to stop you all losing your money? Good luck with that.

If there is anyone trying to manipulate the market it is this clown. And he sucks at it. I actually own shares and support Labcoin. I don't support their shareholder PR.

[dexX7]

Thanks, it took some clicking around. I've always found it a bit odd that LC's 180 130nm project is timed so closely with their 65nm project. I wonder if perhaps they pulled the plug on 130nm chips or had problems and they're just stalling until their "real" chips arrive in all their 65nm goodness. Guess we can only wait and see at this point.

Cheers.

Edit: There are few others' whose confirmed involvement would lend as much credibility as TheSeven's. Regardless of how poorly LC has handled this whole affair, I'm convinced it is not a scam.

There are some references for 65 nm:

Correct, the first batch of ICs is meant as  a test for our design. Delivery is expected in mid September, in quantities of several thousands pieces.
We expect to have the boards up and running within 7/10 days after we receive the ICs.
65 nm design is currently under development and is expected to go on tape-out in late August or early September.

130nm IC is estimated to be delivered in early September and to be mining 7-10 days later.
65nm IC is still under development and no ETA is available yet.

So I guess, they should be ready to tape-out this month. They did mention the 130 nm tape-out and date in previous posts several times, also here is some soft evidence: SZICC contract and SZICC's TSMC plan. In case you didn't see the IRC Q&A already: post #1872. The Q&A has some reference to TheSeven also.

Let me phrase it carefully: they are pretty much on their timeline, if everything they said is true.

Last thing, because I think you might have missed it: PDF about Labcoin being a scam by Mr. dvdrewritable aka. anotheranonlol aka. mightaswellallowanonymous. The last two pages are interesting. The stuff about error level analysis and SMTP enumeration can be ignored, though I can't comment on the rest.

[jeffhuys]

So who has the script that waits for labcoin or swede to update this thread and sounds an alarm?  

This would be interesting..

I don't, but it would be very very easy.