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

[Twilight_Sparkle]

Hey guys, been busy the past few hours. Anyone wanna update me on why the price went back up to .0026?... looking into hundreds of pages of FUD is not what I wanna do.

[Bitcycle]

People still making regrettable dump decisions I see.

You'll be buying back at a much higher price.

I might even be the one selling to you if you're lucky.

[demzie]

Hey guys, been busy the past few hours. Anyone wanna update me on why the price went back up to .0026?... looking into hundreds of pages of FUD is not what I wanna do.

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.

[limbaugh]

People still making regrettable dump decisions I see.

You'll be buying back at a much higher price.

I might even be the one selling to you if you're lucky.

Good advice, the price is reasonable right now. If good news hits, it will be impossible to get a good position.

[Twilight_Sparkle]

Hey guys, been busy the past few hours. Anyone wanna update me on why the price went back up to .0026?... looking into hundreds of pages of FUD is not what I wanna do.

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.

Thank you. 

[demzie]

limbaugh you know that when good news hits.. mining address/dividend..
the rest will follow -> pictures/website -> and you know that the boards and chips will be put in one piece -> and you know the 100K chips are comming..

Then 005 wont even be a good position to buy in..

EDIT: IF (for the fudsters)

[limbaugh]

limbaugh you know that when good news hits.. mining address/dividend..
the rest will follow -> pictures/website -> and you know that the boards and chips will be put in one piece -> and you know the 100K chips are comming..

Then 005 wont even be a good position to buy in..

EDIT: IF (for the fudsters)

If all that happens I wouldn't even attempt to guess how high this will skyrocket. .0035 will be dirt cheap.

[HeRetiK]

I'm really interested to see whether they'll show something tangible until Wednesday. Their other news posts and "proof" so far were rather underwhelming. Right now all they have are Schroedinger chips.

[limbaugh]

I'm really interested to see whether they'll show something tangible until Wednesday. Their other news posts and "proof" so far were rather underwhelming. Right now all they have are Schroedinger chips.

I'm betting Lacoin will provide what he said and early at that. There is no reason not to at this point.

[Bitcycle]

I get trying to play the waves.  But remember they said they'd post the address "by Wednesday".  Could come sooner, and with no warning.  

Then you're out of luck if you dumped your 25,000 shares and you were hoping it would drop further.  You'll see the price at twice what you dumped at before you can blink. I'm only willing to play waves in a very limited way right now.

If my theory is right, that they just want a block or two solved before they show an address, it could come at any time.

Good luck!

[Twilight_Sparkle]

I'm really interested to see whether they'll show something tangible until Wednesday. Their other news posts and "proof" so far were rather underwhelming. Right now all they have are Schroedinger chips.

Exactly. If there were any good put options, I would be all over it. Protection against underwhelming proof.

[Bitcycle]

I'm really interested to see whether they'll show something tangible until Wednesday. Their other news posts and "proof" so far were rather underwhelming. Right now all they have are Schroedinger chips.

Eh, if they finally provide a mining address... I would not be surprised if they fail somewhere else, like proving it's theirs.

Pre-emptive FUDding, claiming they'll claim an address that isn't theirs. Like that will last even 10 minutes.

You should have saved that FUD for the moment they reveal it. Lost its power by springing it too early.

[BitThink]

I get trying to play the waves.  But remember they said they'd post the address "by Wednesday".  Could come sooner, and with no warning.  

Then you're out of luck if you dumped your 25,000 shares and you were hoping it would drop further.  You'll see the price at twice what you dumped at before you can blink. I'm only willing to play waves in a very limited way right now.

If my theory is right, that they just want a block or two solved before they show an address, it could come at any time.

Good luck!

I'm not sure whether they are waiting for a block or two. With solo mining, that's unlikely to be so predictable that they can announce 'by Wednesday'.

More likely, they just got the updates from their engineer team that the hashing problem can be solved in two days and stable hashing can begin no later than this Wednesday.

[HeRetiK]

I'm really interested to see whether they'll show something tangible until Wednesday. Their other news posts and "proof" so far were rather underwhelming. Right now all they have are Schroedinger chips.

I'm betting Lacoin will provide what he said and early at that. There is no reason not to at this point.

There was no reason not to show compelling proof before either. We'll see.

[Bitcycle]

I get trying to play the waves.  But remember they said they'd post the address "by Wednesday".  Could come sooner, and with no warning.  

Then you're out of luck if you dumped your 25,000 shares and you were hoping it would drop further.  You'll see the price at twice what you dumped at before you can blink. I'm only willing to play waves in a very limited way right now.

If my theory is right, that they just want a block or two solved before they show an address, it could come at any time.

Good luck!

I'm not sure whether they are waiting for a block or two. With solo mining, that's unlikely to be so predictable that they can announce 'by Wednesday'.

More likely, they just got the updates from their engineer team that the hashing problem can be solved in two days and stable hashing can begin no later than this Wednesday.

It's a lot riskier to rely on an engineering team time estimate than it is on finding a block.

One is completely made up, the other is at least a statistical probability! 

 

[VolanicEruptor]

I get trying to play the waves.  But remember they said they'd post the address "by Wednesday".  Could come sooner, and with no warning.  

Then you're out of luck if you dumped your 25,000 shares and you were hoping it would drop further.  You'll see the price at twice what you dumped at before you can blink. I'm only willing to play waves in a very limited way right now.

If my theory is right, that they just want a block or two solved before they show an address, it could come at any time.
Good luck!

2th/s is 0.2% of the network.. so if a block is found on the network every 10 minutes, it would take on average about 83 hours to solve a block for labcoin.. so that's not a bad theory I must say..
It would make sense that they would at least want to find a block first, instead of posting a blank address with no profit

[limbaugh]

Pre-emptive FUDding, claiming they'll claim an address that isn't theirs. Like that will last even 10 minutes.

You should have saved that FUD for the moment they reveal it. Lost its power by springing it too early.

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.

This will be enough to spike the heck out of the price. Move your asks up or you will be sorry!

[HeRetiK]

I'm really interested to see whether they'll show something tangible until Wednesday. Their other news posts and "proof" so far were rather underwhelming. Right now all they have are Schroedinger chips.

Eh, if they finally provide a mining address... I would not be surprised if they fail somewhere else, like proving it's theirs.

Pre-emptive FUDding, claiming they'll claim an address that isn't theirs. Like that will last even 10 minutes.

He's right, though. Anyone can look for a freshly mined block on the blockchain and claim the address as theirs. I hope Labcoin reads this and will take care of the trust issue, eg. by using the wallet address to sign a message. That can't be too much to ask for.

[dexX7]

Missing the number of days might be one of the reasons my BitBet was rejected.
1 TH/s as an average of the period available. Let's say at least 3 days. Which is highly conservative for a company claiming to have twice that.

As for proofs (which I mentioned earlier), they are:
- stamped blocks
- signed mining address
- public username on a pool respected by the community

That sounds fair. Especially with a timeframe till next month. I suggest to include something like "either 1 TH/s visible on a pool averaged over 3 days" or "at least n stamped/signed blocks mined in t time, if solomining".

[BitThink]

Possible outcomes in this Wednesday: (from the best scenario to the worst)
1, Labcoin provides a mining address and a signed message. There're 1 - 2 blocks mined there.
2, Labcoin provides a mining address and a signed message, but there're no block mined yet.
3, Labcoin provides a mining address without a signed message.
4, Labcoin says "mining address will be given soon. We are still tweaking the miner"
5, Labcoin never appears and there's no update forever.

Assign each item a probability based on your prediction and make a decision based on it. I believe that's more useful thing to do than fighting with each other.