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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 450338 times)
CMMPro
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September 14, 2013, 01:03:34 AM
 #8281

Avalanche!
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TheSwede75
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September 14, 2013, 01:03:52 AM
 #8282

UPDATE:

The Labcoin team is current tweaking boards and preparing for prodution
roll out of mining operation. Public mining address/Pool name will
be released as soon as the mining operation reaches a stable hash rate.

We are aware a lot of people are waiting for a address or pool name
where they can follow the hash rate and this is a priority, however
Labcoin also does not want the same kind of 'hysteria' that surrounds
ASICMINER every time pool rate drops or increases.

Once the miners have been deemed '100%' and can reliably mine 24/7 hash
rate will be made public and a new website will be launched where
shareholders can follow the growth in hash rate.

The 130 nm Chips run at approx 1.8 GH/s and the boards are still being
tweaked and tested so that once full production roll out starts
(approx 1-2 weeks) they will mine reliably 24/7

Labcoin has already ordered and will take delivery of OVER 100,000 chips
with accompanying boards and controllers for miner production and
rollout through the month of October.

Within 20 days (early Oct) approx 20TH will be online. Hash rate will
then progressively reach over 50TH of mining power during the month
of October as miners are brought online.

The mining operation will then be scaled up as miners are deployed and
will reach and pass 100TH+ in November to reach 500TH during the
month of December.

Other news:

Gen 2 65nm development is on track. Due to the fast increase in network
diff Labcoin will likely not sell or
ship volume 130nm orders but rather work towards quick tape out and
first run of 65 nm for bulk customer orders and consumer miners.

The 130 nm chips are still highly profitable for mining in datacenter in
China due to the short lead time and availabilty of resources etc.

Labcoin sees no reason to risk shipping chips at this point when the
team can just build miners on-site in China and reach very high
revenue mining with the chips instead of selling them to end users.


TLDR; Miners are being tweaked and tested still and deployment of
'significant' hash rate will be happening in the next two weeks, to reach
approx 20TH within 20 days. During October 50TH+ will be rolled out, to
reach 100TH+ in November and 500TH during the month of December.
65 nm is on track.

I will also post pictures of board and chips in about 2minutes.

Edit: here are chips and boards.http://imgur.com/4yuBc9A

To clarify. Hash goal for Dec is 500th+ and that is from chips that are already ordered using IPO funds. Short term goal is 20 TH within 20 days, 50TH in Oct and 100+ in November. We consider it likely that we surpass both Oct and November goals.
Ytterbium
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September 14, 2013, 01:03:55 AM
 #8283

aaaaand 8k shares dumped...  Down to 0.0032

NineLives
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September 14, 2013, 01:03:58 AM
 #8284

Hi guys,

I want to buy shares but I really don't know where to start and how it works Sad

Can someone be brave and help a novice please?

Sad
https://btct.co/security/LABCOIN

Thank you.

Registered.

I'm now afraid to ask more questions seems the bulling will start on the new guy Sad

I wana spend around the $1,200 mark.  Bought the Bitcoins,
On Labcoin BTCT, how do I ensure I gain a fair share?

Gulp

Bitcoin Mining Hardware:   www.mininghardware.co.uk
Pale Phoenix
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September 14, 2013, 01:04:02 AM
 #8285

LOL And there's the dumping...

wickedgoodtrader
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September 14, 2013, 01:04:09 AM
 #8286

What could you possibly need a few more minutes to do? He's had 24 hours to get it done, if it's not done, it's not going to be done in a few minutes.
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September 14, 2013, 01:04:19 AM
 #8287

SCAM!
Ytterbium
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September 14, 2013, 01:04:48 AM
 #8288

UPDATE:

The Labcoin team is current tweaking boards and preparing for prodution
roll out of mining operation. Public mining address/Pool name will
be released as soon

Soon as in, like, 5 minutes right?

limbaugh
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September 14, 2013, 01:04:59 AM
 #8289

Woot Im out suckers!
N_S
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September 14, 2013, 01:05:05 AM
 #8290

OMG the dumping....  Shocked
Zakryze
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September 14, 2013, 01:05:11 AM
 #8291

yeah ofc... "we couldnt prepare the news because it didnt fit in the box." huehuehue -_-

matt4054
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September 14, 2013, 01:05:41 AM
 #8292

afrotec
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Coinnoisseur


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September 14, 2013, 01:05:53 AM
 #8293

goodbye cruel world
velacreations
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September 14, 2013, 01:06:48 AM
 #8294

OH SNAP!!!!

170K shares!?!??!  Is that the other 10%?

myBitWorth.com - What are your bitcoins worth?
Track all of your bitcoin holdings in one convenient place.
drawingthesun
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September 14, 2013, 01:07:44 AM
 #8295

Lets play a game...

ActiveMining Knowledge Thread!

1JqqGRV4VSnowwC7By7wWeiJTB7bvMWnt3
Ytterbium
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September 14, 2013, 01:07:47 AM
 #8296

Lol, someone just bought at 0.0035, then someone else sold at 0.0027

physalis
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September 14, 2013, 01:07:56 AM
 #8297

Hi guys,

I want to buy shares but I really don't know where to start and how it works Sad

Can someone be brave and help a novice please?

Sad
https://btct.co/security/LABCOIN

Thank you.

Registered.

I'm now afraid to ask more questions seems the bulling will start on the new guy Sad

I wana spend around the $1,200 mark.  Bought the Bitcoins,
On Labcoin BTCT, how do I ensure I gain a fair share?

Gulp

Dude, please. DON'T buy into this.

Bitcycle
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September 14, 2013, 01:08:00 AM
 #8298

Moderately positive news.

Where's the address?
Zakryze
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September 14, 2013, 01:08:17 AM
 #8299

My finger is on the button...

twentyseventy
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September 14, 2013, 01:08:41 AM
 #8300

Pictures will make this thing skyrocket - wait for it.

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