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

[AngelSky]

Ahem... I'll just leave this here. http://virtualminingcorp.com/  

Trying real hard not to be rude when you post a counter point using a project that has a 10x higher valuation providing less proof of working tech.

Sorry, an eASIC press release is pretty much proof of working tech.  I think ActM has a lot of issues but their chips should have zero problems.  They'll actually have the exact same wiring as the FPGAs they're copied from, as they are using an FPGA copy process - which means 100% testability as well.  

The problems I see for them are putting together circuitboards, delay, and so on. Plus competing directly with hashfast and cointerra in the same time frame.

Labcoin's major benefit was it's time to market, and that's being eaten away.

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[Bitcycle]

Yep. No one on here can claim we are FUDing. FACT: Labcoin has not and is not hashing yet.

Exactly, Labcoin say they are hashing and a week later the MOST they have is unassembled PCB's and "ASIC" chips.

So thats a lie.

But then we get called "FUDsters"

What the hell?

I would like to point out that I am not calling anyone FUDsters, I am also not saying that labcoin has not had 2th hashing. My statement is just based on the info I have and that is that more tweaking and calibrating is needed before Labcoin feels comfortable with stating a stable hash rate.

Show us pictures of assembled boards functioning properly or not. It is that simple.

Indeed. We haven't even seen an assembled board.

You know those pictures were a complete joke.  Show us something real.

[drawingthesun]

Things are certainly looking up for ActM and it's tough to deny.

Really? The share price is not looking up.

[yuansuyi]

Yep. No one on here can claim we are FUDing. FACT: Labcoin has not and is not hashing yet.

Exactly, Labcoin say they are hashing and a week later the MOST they have is unassembled PCB's and "ASIC" chips.

So thats a lie.

But then we get called "FUDsters"

What the hell?

I would like to point out that I am not calling anyone FUDsters, I am also not saying that labcoin has not had 2th hashing. My statement is just based on the info I have and that is that more tweaking and calibrating is needed before Labcoin feels comfortable with stating a stable hash rate.

You do not have any more info than us, right?

[Ytterbium]

Indeed. We haven't even seen an assembled board.

You know those pictures were a complete joke.  Show us something real.

And they had 22 hours to get ready as well.  WTF.

[Bitcycle]

Ahem... I'll just leave this here. http://virtualminingcorp.com/  

Trying real hard not to be rude when you post a counter point using a project that has a 10x higher valuation providing less proof of working tech.

You don't have any proof of working tech. They have a deal announced with a leading ASIC company that was published on that company's site.

They have placed an order for a yet untested chip design, so ergo they will deliver superior hardware. Gotcha.

I bet they know they have to put the chip on the board.

[AngelSky]

labcoin talking about active-mining. Should we be worried ?

[SoylentCreek]

Yep. No one on here can claim we are FUDing. FACT: Labcoin has not and is not hashing yet.

Exactly, Labcoin say they are hashing and a week later the MOST they have is unassembled PCB's and "ASIC" chips.

So thats a lie.

But then we get called "FUDsters"

What the hell?

I would like to point out that I am not calling anyone FUDsters, I am also not saying that labcoin has not had 2th hashing. My statement is just based on the info I have and that is that more tweaking and calibrating is needed before Labcoin feels comfortable with stating a stable hash rate.

Ha! This is fucking hilarious! Please, do continue.

[N_S]

Things are certainly looking up for ActM and it's tough to deny.

Really? The share price is not looking up.

My guess is people are a little more gun shy now which I can't blame.

[Ytterbium]

TheSweed posted this, then I guess deleted his comment:

hey have placed an order for a yet untested chip design, so ergo they will deliver superior hardware. Gotcha.

It's not an untested chip.  First of all, it's being designed by eASIC, who know what they're doing.

Second of all they're using an FPGA copy process. Their chip literally has the same structure as an FPGA, but all the "field programmable" stuff is stripped out and replaced with metal wires.

It will behave exactly the same as the FPGA it's based off of, so testing should be no problem.

The downside is it will take up a lot more space on the wafer, and thus cost more.

It may be a good investment in late October.  But there's no reason to hold the stock now.  Problem is, by pushing things back to Oct 30th, Labcoin isn't giving any reason to hold the shares either.

[velacreations]

just broke through .002!  To DA MOON!

[superduh]

this thread blows regardless of the outcome

[AngelSky]

just broke through .002!  To DA MOON!

rofl

EDIT: be ready for people waiting for the rebound and dump.

[velacreations]

just broke through .002!  To DA MOON!

rofl

EDIT: be ready for people waiting for the rebound and dump.

oh, you don't have to tell me, there's no way I'm touching this thing with my money.

[bitrocket]

** FRIENDLY REMINDER **

****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.

Again, this is very serious, and I think the #1 worry for those who dare to hold! I think posting this pic was worse than posting nothing after all, because after reading a bit it looks seriously screwed indeed :-/

I'm not really sure if they're that odd - most of the pins should just be power, and only a few per chip are used for serial IO. What I found quite odd was the fact they seem to have only one discrete component per chip, my guess would be a capacitor

..

And these components only have traces running to one side of the part. There's no sign of connections running to *any* pads on the chips. It's completely impossible for this to be a working circuit board.

[AngelSky]

just broke through .002!  To DA MOON!

rofl

EDIT: be ready for people waiting for the rebound and dump.

oh, you don't have to tell me, there's no way I'm toughing this thing with my money.

Even @ 0.0015 I didn't touch my Google Auth :p

[velacreations]

Even @ 0.0015 I didn't touch my Google Auth :p

me neither.  why buy @ .0015 when you can get it for .00015 tomorrow?

[Vigil]

TheSweed posted this, then I guess deleted his comment:

hey have placed an order for a yet untested chip design, so ergo they will deliver superior hardware. Gotcha.

It's not an untested chip.  First of all, it's being designed by eASIC, who know what they're doing.

Second of all they're using an FPGA copy process. Their chip literally has the same structure as an FPGA, but all the "field programmable" stuff is stripped out and replaced with metal wires.

It will behave exactly the same as the FPGA it's based off of, so testing should be no problem.

Not only that but ActM has proof positive that they successfully negotiated a deal to provide chips. Labcoin has provided shady evidence if any at all that they successfully negotiated a chip deal with a foundry. all we have seen are some random photos of unidentifiable QFP chips. 

[Bitcycle]

just broke through .002!  To DA MOON!

rofl

EDIT: be ready for people waiting for the rebound and dump.

oh, you don't have to tell me, there's no way I'm toughing this thing with my money.

Even @ 0.0015 I didn't touch my Google Auth :p

I'm looking at below IPO for my next buy.

[Zakryze]

** FRIENDLY REMINDER **

****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.

Again, this is very serious, and I think the #1 worry for those who dare to hold! I think posting this pic was worse than posting nothing after all, because after reading a bit it looks seriously screwed indeed :-/

I'm not really sure if they're that odd - most of the pins should just be power, and only a few per chip are used for serial IO. What I found quite odd was the fact they seem to have only one discrete component per chip, my guess would be a capacitor

..

And these components only have traces running to one side of the part. There's no sign of connections running to *any* pads on the chips. It's completely impossible for this to be a working circuit board.

Thats not boards thats their business cards...