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bitrocket
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September 14, 2013, 04:40:05 AM |
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****WARNING to all Labcoin Shareholders****
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
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NEW Rocketpool Giveaway [POOL][DOGE] 10,000 Doge Block Finder Bonus on now: http://doge.rocketpool.org>50,000 Dogecoin bounty in blockfinder rewards |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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limbaugh
Legendary
 Offline
Activity: 1311
Merit: 1000
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September 14, 2013, 04:41:37 AM |
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****WARNING to all Labcoin Shareholders****
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
Thanks, but I think the regulars here are already out. There seems to be only one cheerleader left - he still own some.lol |
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AngelSky
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September 14, 2013, 04:41:53 AM |
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****WARNING to all Labcoin Shareholders****
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
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carpetbagger
Sr. Member
Offline
Activity: 258
Merit: 250
You can trust me, I have an avatar
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September 14, 2013, 04:45:09 AM |
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The rats always desert the sinking ship first :p
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♔ Keep clam & hodl on
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Bitcycle
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September 14, 2013, 04:45:34 AM |
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 Heh. This pic still cracks me up. |
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matt4054
Legendary
Offline
Activity: 1946
Merit: 1035
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September 14, 2013, 04:47:17 AM |
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LABCOIN hashing rate for the 6 weeks to come:  |
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Luckybit
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September 14, 2013, 04:47:21 AM |
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****WARNING to all Labcoin Shareholders****
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
Thanks, but I think the regulars here are already out. There seems to be only one cheerleader left - he still own some.lol It's not a bad idea to own a small small percent and treat it as a complete gamble because thats what it is. Just be prepared to see fall to IPO prices at least over the next several days. If they give a significant update or pay dividends it could rise but they'll have to do that before Oct 30th. I think if you got in at IPO you're fairly safe to stay in but if you got in at above 0.002 you can expect to lose money. People aren't going to pay much more than the IPO price. The real question is why make investors wait all week for bad news? They could have announced the bad news at the beginning of the week and it would have been smarter because payday is Friday and some people would have boosted the price back up for a weekend recovery. |
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Vigil
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September 14, 2013, 04:49:32 AM |
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Heh. This pic still cracks me up. Those boards look nothing like the board on the website and as was mentioned, no traces going to the chips. |
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Luckybit
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September 14, 2013, 04:49:37 AM |
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Heh. This pic still cracks me up. It shows they have chips and circuit boards. It doesn't show that they have the expertise to know what to do with them. |
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Vigil
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September 14, 2013, 04:51:44 AM |
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The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.
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Bitcycle
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September 14, 2013, 04:51:54 AM |
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"We haven't solved a block yet, but when we do, the solution will contain the digits '0,1,2,3,4,5,6,7,8,9'."
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Bitcycle
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September 14, 2013, 04:52:55 AM |
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The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.
Dude, wirewrapping. Now the deployment delays make total sense! |
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AngelSky
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September 14, 2013, 04:53:35 AM |
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I found the labcoin lab. Here is the picture of some people curious about this guy called "labcoin" taking photos:  |
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matt4054
Legendary
Offline
Activity: 1946
Merit: 1035
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September 14, 2013, 04:53:44 AM |
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"We haven't solved a block yet, but when we do, the solution will contain the digits '0,1,2,3,4,5,6,7,8,9'."
AND the hash of the block will start with plenty of zeroes, promised! |
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Vigil
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September 14, 2013, 04:55:02 AM |
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The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.
Dude, wirewrapping. Now the deployment delays make total sense!  Labcoin's ASIC boards - completed. |
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Rawted
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September 14, 2013, 04:55:32 AM |
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What is this off to the side?  |
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drawingthesun
Legendary
Offline
Activity: 1176
Merit: 1015
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September 14, 2013, 04:56:09 AM |
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.0023
I think this is the last chance to get out Johny. You are lucky muppets have buy orders set so high (0.0023) |
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Vigil
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September 14, 2013, 04:56:20 AM |
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What is this off to the side?
A rat turd. |
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drawingthesun
Legendary
Offline
Activity: 1176
Merit: 1015
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September 14, 2013, 04:56:40 AM |
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What is this off to the side?
Just a camera defect. Nothing too concerning. |
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matt4054
Legendary
Offline
Activity: 1946
Merit: 1035
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September 14, 2013, 04:56:57 AM |
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Labcoin's ASIC boards - completed. That looks more like 5 mm technology but still looks so real compared to their pic  |
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