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

[velacreations]

I am going to let the mining speak for itself when the pool merge is complete. I would like to note however that even with 5+ TH solo-mining it can easily take 2+ days to find a block due to variance, hence the move to pool-mining.

Well, you have had 8 days since Sep 10, when you claimed you were mining with 2TH/s, so plenty of time to have at least 25 btc in that empty address you just posted.

We suggested you move to pool mining, then, why did it take a week of missed revenue to do it?

[1713578732]

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[1713578732]

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[ShroomsKit]

As I had predicted, labcoin currently has 0 TH of mining power.

+1

I am going to let the mining speak for itself when the pool merge is complete. I would like to note however that even with 5+ TH solo-mining it can easily take 2+ days to find a block due to variance, hence the move to pool-mining.

Is someone actually paying you money to speak here? That would be crazy. If anything to should pay you money to not speak here.

[AngelSky]

Can you please tell to the labcoin forum if yes or no labcoin main account moved shares these last days ?

This would be a big issue.

Thanks,
Cheers.

I've sent TheSwede75 a new request for an accounting of where the 3,000,000 held shares are.  I can see that most of them are held in a single account, but as stated before, not all of them.

Cheers.

STILL NO ANSWER ??

[klee]

This is a FIVE MILLION DOLLAR company and they are behaving like children.

Even if you think they are still legit you should dump their stock to teach them a lesson and open a case with your lawyer.

Unbelievably bad for the BTC community. This could hit the news and set back BTC by 2 years.

NOT ACCEPTABLE.

You're an idiot. Shut up.

[Bitcycle]

SELL!! I wanna buy at 0.001  

if you wanna give away bitcoins then please send me some too.

Seel me your shares at that price

already sold every share I had.

That's OK, you can buy back in at .003 when pool mining is verified...

I seem to have called the bottom perfectly with my bids, so I'm fine with this.

[cix888]

I would of course argue that the missed deadlines are a direct result of the issues the developers have had and not anyone deliberately misleading anyone. Either way, there is now an address public where pooled mining income will be sent once the software issue that is being worked on is solved. I can't think of a more 'definite' means of communicating the status of the project then that.

so, have you been mining with 2 TH/s or not?  yes or no?

If you say no, then you have deliberately misled us. 
If you say yes, then why did you post a new mining address, other than to deliberately mislead us?

+1. Please answer.

they say they have "a few" TH online my guess they have 2... before they couldn't give us the address because the software wasn't working, meaning they probably had stability issues... now they have found and resolved the issues you will see 2TH soon and from tmw onward you will see the hash move up every day till Dec.... people selling now are making a mistake

I hold and will buy more if needed because I'm ready to lose 100% of my investments.

I have no problem with that

  

[kokojie]

Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)

lol so the address we all waited for is an empty address with nothing? so labcoin got ZERO bitcoins from supposedly mining for 2 weeks with at least 2TH?

If you have kept up with the updates, you would know that there have been some delays etc. The team is signing a clean address so that there will be zero questions that this is indeed the mining address used, and that all coins are indeed from the mining operation.

I think to be fair, lets all monitor that address for a few days and see what happens. If they are mining on a pool then they'll have to get some coins within the next few days and if that happens then its evidence that its not a scam.

Um no, mining address with newly generated coin is proof, ONLY if they were solo mining which they claim they were.

For pooled mining, only proof is public stats page. Having bitcoin sent to their mining address is NOT proof at all.

[Luckybit]

I am going to let the mining speak for itself when the pool merge is complete. I would like to note however that even with 5+ TH solo-mining it can easily take 2+ days to find a block due to variance, hence the move to pool-mining.

Well, you have had 8 days since Sep 10, when you claimed you were mining with 2TH/s, so plenty of time to have at least 25 btc in that empty address you just posted.

We suggested you move to pool mining, then, why did it take a week of missed revenue to do it?

They probably had issues with deployment. It's certainly possible and for once they are admitting it which is an attempt at transparency.

[zumzero]

Why does TheSwede come on here just when the unofficial 24 hour countdown clock expires and throw about weak and flailing soundbytes that are contradictory, unsubstantiated and downright deceptive and still expect people to lap it up?  It's just crazy.  You can tell he no longer has the stomach for this and I know the reason why he has no real conviction in the language he uses.

HE KNOWS IT'S ABOUT TO FALL APART AND IS TELLING NOBODY.  I'M GLAD I'M OUT.

25% crash in 10 mins wow!

[Luckybit]

Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)

lol so the address we all waited for is an empty address with nothing? so labcoin got ZERO bitcoins from supposedly mining for 2 weeks with at least 2TH?

If you have kept up with the updates, you would know that there have been some delays etc. The team is signing a clean address so that there will be zero questions that this is indeed the mining address used, and that all coins are indeed from the mining operation.

I think to be fair, lets all monitor that address for a few days and see what happens. If they are mining on a pool then they'll have to get some coins within the next few days and if that happens then its evidence that its not a scam.

Um no, mining address with newly generated coin is proof, ONLY if they were solo mining which they claim they were.

For pooled mining, only proof is public stats page. Having bitcoin sent to their mining address is NOT proof at all.

There is an address. If the address generates even a single Bitcoin that is proof.

[aquarius]

SELL!! I wanna buy at 0.001  

if you wanna give away bitcoins then please send me some too.

Seel me your shares at that price

already sold every share I had.

That's OK, you can buy back in at .003 when pool mining is verified...

not a chance, even if they show that they are mining later on, they have lied so many times that I can not trust them to keep their word in the future.

[minerpart]

This is ANOTHER delaying tactic so they can sell more of their holdings.

When will you people get it? THIS IS A SCAM.

[TsuyokuNaritai]

Isn't lying there a violation of btct's terms? Burnside has recently closed securities for that.

[velacreations]

They probably had issues with deployment. It's certainly possible and for once they are admitting it which is an attempt at transparency.

issues with deployment = not mining since Sep 10, and lying about it

[Pale Phoenix]

This is a FIVE MILLION DOLLAR company and they are behaving like children.

Even if you think they are still legit you should dump their stock to teach them a lesson and open a case with your lawyer.

Unbelievably bad for the BTC community. This could hit the news and set back BTC by 2 years.

NOT ACCEPTABLE.

Just FYI, talking about lawyers only makes you sound inexperienced. There is rarely any ROI in lawsuits when you are in the same jurisdiction as the opposing party, let alone suing a virtual entity based in Hong Kong.

[superduh]

Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)

lol so the address we all waited for is an empty address with nothing? so labcoin got ZERO bitcoins from supposedly mining for 2 weeks with at least 2TH?

If you have kept up with the updates, you would know that there have been some delays etc. The team is signing a clean address so that there will be zero questions that this is indeed the mining address used, and that all coins are indeed from the mining operation.

I think to be fair, lets all monitor that address for a few days and see what happens. If they are mining on a pool then they'll have to get some coins within the next few days and if that happens then its evidence that its not a scam.

Um no, mining address with newly generated coin is proof, ONLY if they were solo mining which they claim they were.

For pooled mining, only proof is public stats page. Having bitcoin sent to their mining address is NOT proof at all.

There is an address. If the address generates even a single Bitcoin that is proof.

if it's self generating it should generate 25 new coins + tx fees
otherwise these guys are just fucking with everyone

[auto2nr1]

Any empty address? This is it? They waited for the very last minute to post this?
This can't be real.

If they were going to post a empty address they should have done it from the beginning. Why wait until the absolute last minute to post it? This is very concerning.

[aquarius]

Isn't lying there a violation of btct's terms? Burnside has recently locked securities for that.

yep. it is an outrage that they can keep on lying without punishment.

[AngelSky]

Any empty address? This is it? They waited for the very last minute to post this?
This can't be real.

If they were going to post a empty address they should have done it from the beginning. Why wait until the absolute last minute to post it? This is very concerning.

+1

[minerpart]

Isn't lying there a violation of btct's terms? Burnside has recently locked securities for that.

If these shares get locked, when they are reopened they will shoot to zero in seconds - no chance to sell, there will be no buyers.