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

[MaxSan]

I really hope they pull back some reputation. They don't have long before a lot of permanent damage is done.

Ive been in this for quite some time. When *something* is going on and they are holding back information which is clear it makes me nervous. I cant bring myself to leave money in a company where you cant trust what exactly is going on.

I don't think they are a scam but they are not being completely honest for whatever reason. I hope it isn't too serious but this concerns me all the more as if it was not serious they would be more open about it one would think.

The most concerning part is the flip from *we are mining* to we having issues in deployment... so it worked then it broke? Or were you just faking to everyone?

Anyway, l will be keeping track and hope something real and positive is posted soon.

[TsuyokuNaritai]

The most concerning part is the flip from *we are mining* to we having issues in deployment... so it worked then it broke? Or were you just faking to everyone?

Anyway, l will be keeping track and hope something real positive is posted soon.

All he said [Edit: in response to not posting pics etc. yet] was "We're sorry for delaying but we're struggling with deployment operations and time is money, we have to set priorities according to our goals." Given the language barrier, "struggling with" probably just means working hard on the deployment of future mining stuff. He didn't say anything implying they weren't really mining the already announced hashrate.

[Vigil]

The most concerning part is the flip from *we are mining* to we having issues in deployment... so it worked then it broke? Or were you just faking to everyone?

Anyway, l will be keeping track and hope something real positive is posted soon.

All he said was "We're sorry for delaying but we're struggling with deployment operations and time is money, we have to set priorities according to our goals." Given the language barrier, "struggling with" probably just means working hard on the deployment of future mining stuff. He didn't say anything implying they weren't really mining the already announced hashrate.

Thing is, even if they were having some issues getting their chips running at full-go that would not explain why they can't post some images of the half-functional or even totally defunct boards. Whether they work or not is irrelevant, it seems as though they don't even have their boards assembled.

If I want to sell my 20 year old non-functional car, the fact that it doesn't run doesn't prevent me from posting pictures of it. I can't post a video of it running but I can show some images of it sitting in my garage.

[Squirrel Dearing]

All he said [Edit: in response to not posting pics etc. yet] was "We're sorry for delaying but we're struggling with deployment operations and time is money, we have to set priorities according to our goals." Given the language barrier, "struggling with" probably just means working hard on the deployment of future mining stuff. He didn't say anything implying they weren't really mining the already announced hashrate.

Admitedly, I haven't been following this thread all that much since, well, there's no real content.. (and there's so much going on that I can't keep up since I still work...)

But it seems that I have missed the above.. I did search a bit and found nothing.. Did he post on this board or somewhere else?

Thanks!

[TsuyokuNaritai]

All he said [Edit: in response to not posting pics etc. yet] was "We're sorry for delaying but we're struggling with deployment operations and time is money, we have to set priorities according to our goals." Given the language barrier, "struggling with" probably just means working hard on the deployment of future mining stuff. He didn't say anything implying they weren't really mining the already announced hashrate.

Admitedly, I haven't been following this thread all that much since, well, there's no real content.. (and there's so much going on that I can't keep up since I still work...)

But it seems that I have missed the above.. I did search a bit and found nothing.. Did he post on this board or somewhere else?

Thanks!

https://bitcointalk.org/index.php?topic=263445.msg3136049#msg3136049

Your welcome.

[MaxSan]

The most concerning part is the flip from *we are mining* to we having issues in deployment... so it worked then it broke? Or were you just faking to everyone?

Anyway, l will be keeping track and hope something real positive is posted soon.

All he said was "We're sorry for delaying but we're struggling with deployment operations and time is money, we have to set priorities according to our goals." Given the language barrier, "struggling with" probably just means working hard on the deployment of future mining stuff. He didn't say anything implying they weren't really mining the already announced hashrate.

Thing is, even if they were having some issues getting their chips running at full-go that would not explain why they can't post some images of the half-functional or even totally defunct boards. Whether they work or not is irrelevant, it seems as though they don't even have their boards assembled.

If I want to sell my 20 year old non-functional car, the fact that it doesn't run doesn't prevent me from posting pictures of it. I can't post a video of it running but I can show some images of it sitting in my garage.

Exactly its not hard to put us at ease. I just have this feeling something more serious is wrong with the chips/boards or something and they ain't being level with us.
I do hope I am wrong but we deserve more information the majority of us are tech folk and can take some information about whats wrong. Not explaining it is just causing contempt for them. Get a junior to come make a post if you think time is so much of the essence. good lord its not hard.

EDIT As for the language barrier thats bull. so many reasons thats just a general copout but doesnt matter im off to bed lol

[JMG]

https://i.imgur.com/6ENEZnD.jpg
https://i.imgur.com/Li0m6JN.jpg

[eastpk]

Not too sure what this is supposed to mean? I see that the block was found in China? 

[limbaugh]

Not too sure what this is supposed to mean? I see that the block was found in China? 

He is just trying to trick some poor sap into buying overpriced Labcoin.

[redbeans2012]

Looks like Shenzhen where Labcoin is located, but of course I"m sure they aren't the only ones mining there.

[Bitcycle]

Not too sure what this is supposed to mean? I see that the block was found in China? 

He is just trying to trick some poor sap into buying overpriced Labcoin.

Looks like it worked.

[limbaugh]

Not too sure what this is supposed to mean? I see that the block was found in China?  

He is just trying to trick some poor sap into buying overpriced Labcoin.

Looks like it worked.

Lol wow, almost at my dump target! Keep it up tools!!

[BitThink]

No, the labcoin mining should be at Shenzhen, China. Only the company is in Hongkong. Unless they are using network Provided by Hong Kong.

[Bitcycle]

No, the labcoin mining should be at Shenzhen, China. Only the company is in Hongkong. Unless they are using network Provided by Hong Kong.

It was mined yesterday anyway. If they'd mined a block they surely would have told us in the earlier fiasco.

[carpetbagger]

Rest assured, Labcoin is legit.

  I can't help but laugh.

[AngelSky]

[dexX7]

This is the block:

https://blockchain.info/block-index/416781/000000000000002c690f1ed9b8632eec614cb794607356864589a248fb07611a

And that's the address that received the reward:

https://blockchain.info/address/1BxD2VLE95n7ZeVJSy3uoiJ5WdR72jWj5f?offset=0&filter=0

They are mining since April.

That's most likely not Labcoin, but still a good catch.

Edit: url corrected

[AngelSky]

Rest assured, Labcoin is legit.

  I can't help but laugh.

Please animate this one.

[N_S]

I see some helpless bastard is buying Labcoin shares...

[AngelSky]

Buying Labcoin is fine if you know what you're doing. But @ 0.003425