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

[bbxx]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

What happens if they dont work?

[TMAN]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

[demzie]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

I think i missed the part.. where they say: we dont mine atm; we dont have the 2th.. someone has that on his clipboard?

[limbaugh]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

I think i missed the part.. where they say: we dont mine atm; we dont have the 2th.. someone has that on his clipboard?

They claim it is not stable. And he said they are having issues which is correct. What part did you not understand?

[Mabsark]

This is funny to see that some people here believe that this is the FUDsters that made the share price crash.

And I predicted it.
They will blame everything but the real culprits: labcoin's incompetence, and their bad investment decisions.

You will see the exact same with ActiveMining.

lol at Massbark being butthurt, his investment strategy didn't work out.

Lol, why would I be butthurt? Perhaps you have me confused with someone who planned to flip shares for 0.01 BTC when hashing started? If that was my plan, then yes, I would be butthurt, but it wasn't, so I'm not.

[Mabsark]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

I think i missed the part.. where they say: we dont mine atm; we dont have the 2th.. someone has that on his clipboard?

I missed that part also and despite asking for people to provide a link to Labcoin making such a claim, nobody has yet bothered to do so for one simple reason - Labcoin never made any such claim.

[KCBitcoin]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

Assembled -> Having issues -> Thought could be resolved within a couple of days -> announced hashing anyway cuz deadline is near and investor wont notice if we started 1 or 2 days late -> Darn! taking more time than expected to resolve the issue -> severely delayed hashing + false announcement.

[Mabsark]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

I think i missed the part.. where they say: we dont mine atm; we dont have the 2th.. someone has that on his clipboard?

They claim it is not stable. And he said they are having issues which is correct. What part did you not understand?

The part were people somehow twisted the meaning of that into being "we are not hashing, we lied".

[demzie]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

I think i missed the part.. where they say: we dont mine atm; we dont have the 2th.. someone has that on his clipboard?

They claim it is not stable. And he said they are having issues which is correct. What part did you not understand?

Dude, show me.. you really think im gonna real 60 pages of bullshit..
But last post pages of labcoin does not mention it..
And theswede says:

"Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working."

So not stable for PRODUCTION -> MASS PRODUCTION is a other thing than not hashing
Do you follow DIY avalon threads? Some boards do hash but are not full operational (exept burnin's).

[gimme_bottles]

i didn't read the last 50 pages, but did anyone else notice that there aren't any traces from the smd pads on the board? the chips should be connected in  some form of chain. i don't think those boards are worth anything.

[somestranger]

i didn't read the last 50 pages, but did anyone else notice that there aren't any traces from the smd pads on the board? the chips should be connected in  some form of chain. i don't think those boards are worth anything.

Yeah it was pointed out many times, but the hardcore Labcoin bagholders choose to ignore it in favor of believing that the chips are hashing and they have assembled boards but for some reason can't provide pictures of those.

[Ytterbium]

i didn't read the last 50 pages, but did anyone else notice that there aren't any traces from the smd pads on the board? the chips should be connected in  some form of chain. i don't think those boards are worth anything.

You do understand that circuit boards have multiple layers, right?

[gimme_bottles]

i didn't read the last 50 pages, but did anyone else notice that there aren't any traces from the smd pads on the board? the chips should be connected in  some form of chain. i don't think those boards are worth anything.

You do understand that circuit boards have multiple layers, right?

yes, i understand that very well. i also know that smd pads are on the top or bottom layer, so the traces have to start there. since there are no vias, there are also no traces connected to the pads.

[Mabsark]

Lol, why would I be butthurt? Perhaps you have me confused with someone who planned to flip shares for 0.01 BTC when hashing started? If that was my plan, then yes, I would be butthurt, but it wasn't, so I'm not.

I'm pretty sure that was your plan, you even bragged about it.
On the butthurt part, there is no doubt about it - you're much more stupid sounding that usual.

I'm absolutely certain that was never my plan and that you suffer from short term memory loss. My plan is and has always been to sell around November after the 50 Th/s comes online and before ActM gets online. It hasn't changed.

Like I said, I would be butthurt if my plan was to flip once the 2 TH/s came online, but it wasn't, so I'm not.

[Mabsark]

i didn't read the last 50 pages, but did anyone else notice that there aren't any traces from the smd pads on the board? the chips should be connected in  some form of chain. i don't think those boards are worth anything.

Yeah it was pointed out many times, but the hardcore Labcoin bagholders choose to ignore it in favor of believing that the chips are hashing and they have assembled boards but for some reason can't provide pictures of those.

You have to be one hell of a brain dead idiot to think that a company would have all the resources necessary to produce a fully functional miner, yet not bother to do so. How does that make any sense whatsoever?

If they have the boards and chips, then there is clearly something wrong with your head if you think none of those have been assembled over the past 2 weeks.

How does a person become so delusional? Is it a special blend of drugs one must take?

[nousfeed]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

I think i missed the part.. where they say: we dont mine atm; we dont have the 2th.. someone has that on his clipboard?

I missed that part also and despite asking for people to provide a link to Labcoin making such a claim, nobody has yet bothered to do so for one simple reason - Labcoin never made any such claim.

here

The project is fully funded and I have personally 100% faith that Sam and the developers can and will deliver and though mining has been delayed, every single (even the most pessimistic) calculation I have done makes selling my shares anywhere near current price a bad idea.

and here

Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working.

then here

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.

They previously said this

We're currently averaging about 2 TH/s in solo mode, and expect to deploy at least 4 TH by monday 16, to reach gradually 50 TH within October.

Whats your your definition of lieing?

[Mabsark]

Lol, why would I be butthurt? Perhaps you have me confused with someone who planned to flip shares for 0.01 BTC when hashing started? If that was my plan, then yes, I would be butthurt, but it wasn't, so I'm not.

I'm pretty sure that was your plan, you even bragged about it.
On the butthurt part, there is no doubt about it - you're much more stupid sounding that usual.

I'm absolutely certain that was never my plan and that you suffer from short term memory loss. My plan is and has always been to sell around November after the 50 Th/s comes online and before ActM gets online. It hasn't changed.

Like I said, I would be butthurt if my plan was to flip once the 2 TH/s came online, but it wasn't, so I'm not.

Hilarious. If that's your plan, it's not much different.
You planned to sell them short term at some news, there is not and there was not any precise plan for 50 TH in November.
Anyway, you'd have lost your money with ActiveMining, doesn't matter in the end.

BORING!

[Ytterbium]

i didn't read the last 50 pages, but did anyone else notice that there aren't any traces from the smd pads on the board? the chips should be connected in  some form of chain. i don't think those boards are worth anything.

You do understand that circuit boards have multiple layers, right?

yes, i understand that very well. i also know that smd pads are on the top or bottom layer, so the traces have to start there. since there are no vias, there are also no traces connected to the pads.

Maybe the vias are under the pads?

I'm not saying it's not strange looking. I'd certainly like to see the other side of the board, or the gerber files.

[Mabsark]

On the other hand.. they have boards and they have chips..

What happens it they put those in work?

When do you mean? This isn't a sca, they are having issues and aren't aware that honesty is the best possibility

I think i missed the part.. where they say: we dont mine atm; we dont have the 2th.. someone has that on his clipboard?

I missed that part also and despite asking for people to provide a link to Labcoin making such a claim, nobody has yet bothered to do so for one simple reason - Labcoin never made any such claim.

here

The project is fully funded and I have personally 100% faith that Sam and the developers can and will deliver and though mining has been delayed, every single (even the most pessimistic) calculation I have done makes selling my shares anywhere near current price a bad idea.

and here

Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working.

then here

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.

They previously said this

We're currently averaging about 2 TH/s in solo mode, and expect to deploy at least 4 TH by monday 16, to reach gradually 50 TH within October.

Whats your your definition of lieing?

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

[Anotheranonlol]

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

Give me strength...