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

[KCBitcoin]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

+1 they are in a bit of a jam. They can either post the address with zero blocks, or not post it at all and deal with the already low trust issues.  Sure, there using a stalling tactic to hopefully find a block.... but what are the odds of them finding a block within the next 20ish hours? Pritty low I am afriad  

But i feel what labcoin is hiding more than just bad luck.

I dont think they have the brainpower to come up with such high-end strategy like "They can either post the address with zero blocks, or not post it at all and deal with the already low trust issues. "

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[AngelSky]

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Okay guys, that means 07:56:36 PM UTC (server time), tomorrow.

Are you dumb ? *in less than 24 hours as promised.*

[VolanicEruptor]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

Excuse me if this issue has been beaten to death already, I've most likely just missed it as I've been trying to read as little of this thread as possible.

What would be the negative to running a private pool?  Wouldn't that be secure and give us the ability to monitor hash rate live?  There wouldn't be a pool fee... I mean, if you are solo mining anyway, I'm just not seeing the negatives.

We can only monitor hash rate if there are blocks found.  That's how a hash rate is calculated..  That's what he's saying.

[KCBitcoin]

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Okay guys, that means 07:56:36 PM UTC (server time), tomorrow.

It's 24 hours after he post that.

why u complicating things?

[coinfresh]

what a crock of shit. this announcement of announcement bs is starting to get really old.

[Bitcycle]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

Excuse me if this issue has been beaten to death already, I've most likely just missed it as I've been trying to read as little of this thread as possible.

What would be the negative to running a private pool?  Wouldn't that be secure and give us the ability to monitor hash rate live?  There wouldn't be a pool fee... I mean, if you are solo mining anyway, I'm just not seeing the negatives.

We can only monitor hash rate if there are blocks found.  That's how a hash rate is calculated..  That's what he's saying.

One block isn't enough.  Ideally several would be needed to actually calculate a rate. But I don't expect to see several.

[AngelSky]

what a crock of shit. this announcement of announcement bs is starting to get really old.

You mean an announcement of an announcement of an announcement now ?

[KCBitcoin]

Technically speaking 07:56:36 PM UTC is still prior to Wednesday shifting off the globe and out of existence.  That will happen 10:59:59.9999..... UTC.  So he hasn't actually "shifted" his date, yet.

if labcoin had the time like u to think about all these trivial things, he will then not be having any time assembling and tweaking hardwares.

[Ytterbium]

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Okay guys, that means 07:56:36 PM UTC (server time), tomorrow.

Are you dumb ? *in less than 24 hours as promised.*

Apparently.  I mistyped the date initially.  Here is the correct timer.  Sorry about that

[dhenson]

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

Excuse me if this issue has been beaten to death already, I've most likely just missed it as I've been trying to read as little of this thread as possible.

What would be the negative to running a private pool?  Wouldn't that be secure and give us the ability to monitor hash rate live?  There wouldn't be a pool fee... I mean, if you are solo mining anyway, I'm just not seeing the negatives.

We can only monitor hash rate if there are blocks found.  That's how a hash rate is calculated..  That's what he's saying.

That's why I'm suggesting a Private Pool... you could monitor live hash rate regardless of found blocks.

[AtlasONo]

once again all you gotta do is point a click a camera at functioning hardware. But nooooo that would be too easy.

[Ytterbium]

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Okay guys, that means 07:56:36 PM UTC (server time), tomorrow.

It's 24 hours after he post that.

why u complicating things?

I'm not.  I Was just pointing out what the new deadline would be - 24h after that post.

[Bitcycle]

Technically speaking 07:56:36 PM UTC is still prior to Wednesday shifting off the globe and out of existence.  That will happen 10:59:59.9999..... UTC.  So he hasn't actually "shifted" his date, yet.

if labcoin had the time like u to think about all these trivial things, he will then not be having any time assembling and tweaking hardwares.

It would take less of his time to make a post with a time zone in it than to have to keep posting adjustments over and over.

[Bitcycle]

My theory is that the Labcoin team has little to no access to the hardware.

I bet they've outsourced it all, assembly and operations, and they may well have shared all they've seen of it.

[VolanicEruptor]

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Okay guys, that means 07:56:36 PM UTC (server time), tomorrow.

It's 24 hours after he post that.

why u complicating things?

I'm not.  I Was just pointing out what the new deadline would be - 24h after that post.

Put yourself in their position.. are you really going to take snapshots of everything you do in order to please your short-term investors?  No.. you're going to either get shit done, or let it rot..  it shouldn't make a difference to labcoin if the share price plummets first.  They are after long-term achievements, which is obviously not the agenda of most of this crowd..

[KCBitcoin]

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Okay guys, that means 07:56:36 PM UTC (server time), tomorrow.

It's 24 hours after he post that.

why u complicating things?

I'm not.  I Was just pointing out what the new deadline would be - 24h after that post.

Mabsark has posted the same thing several times already. but well, i think everyone here has ignored him.

[BitThink]

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Okay guys, that means 07:45:36 PM UTC (server time), tomorrow.

I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

Not likely. The Wednesday deadline was announced by labcoin himself when he could just keep silent. Why he was over optimistic after so many delay happened already. He could just say 'next week' than explicitly 'before Wednesday'.

Technically speaking 07:46:36 PM UTC is still prior to Wednesday shifting off the globe and out of existence.  That will happen 10:59:59.9999..... UTC.  So he hasn't actually "shifted" his date, yet.


EDIT: Initially had the incorrect timestamp, it was 7:46, and I'd initially had it as 7:56.

My point is not whether they missed their deadline or not, but why gave explicit deadlines and wait to the last minute to trigger this kind of dump and pump again and again.

[Ytterbium]

Technically speaking 07:56:36 PM UTC is still prior to Wednesday shifting off the globe and out of existence.  That will happen 10:59:59.9999..... UTC.  So he hasn't actually "shifted" his date, yet.

if labcoin had the time like u to think about all these trivial things, he will then not be having any time assembling and tweaking hardwares.

It would take less of his time to make a post with a time zone in it than to have to keep posting adjustments over and over.

From what TheSweed said he might be traveling (Hopefully to china so he can take some photos himself, if he's not there) and might not have had a specific time zone in mind.  Either way, we have a hard numeric dealine at this point:

7:46 PM UTC

[Bitcycle]

My point is not whether they missed their deadline or not, but why gave explicit deadlines and wait to the last minute to trigger this kind of dump and pump again and again.

It's blatantly obvious to me that they're hoping something will happen by a certain time, and it's not happening. So they have to keep shifting at the last minute.

My guess is that that something is finding a block.

[Vigil]

Well, at least they are hashing then.