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Vigil
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September 20, 2013, 08:29:16 PM |
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Interesting but not really much different than the email from a few days ago.
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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September 20, 2013, 08:32:50 PM |
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Interesting but not really much different than the email from a few days ago.
Agreed. So the summary is: mostly PR miscommunication and they are working on the problem that they are facing and it's probably fixable rather sooner than later. 65 nm is not near a completion though, but that's not what they recently said anyway. Edit: Disclaimer: this is no trading advice nor a hard-proof of Labcoin being successful, though I think it added credibility and actually cleared some things up. |
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JohnyBigs
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September 20, 2013, 08:33:45 PM |
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The honest overall picture that I have is: They're chaotic, but at least trying to release something working. No signs of any scam intent.
that's encouraging
The transcript is generally encouraging. They sound legit, but the chaos of doing a hard thing in a short time frame is catching up to them. So normal startup situation there. His reaction to the board pictures is a bit worrying... So if the stuff they have now doesn't work at all, they will start mining in Q1 2014 or something like that, but with 65nm. So we play the waiting game. If we have to wait Q1 2014 to see the mining start, labcoin will be a complete failure with at least 4 competitors willing to deploy 28nm processor on end 2013/ early 2014. Labcoin needs to start hashing ASAP to be profitable to invest in OHHH no 28nm!!! you guys do realize that 500TH in 28nm and 500TH in 128nm is still 500th? the only difference being electricity costs, which isn't that big of an issue. If they deploy 500TH with whatever nm # they will be profitable. |
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JohnyBigs
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September 20, 2013, 08:35:10 PM |
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Interesting but not really much different than the email from a few days ago.
Agreed. So the summary is: mostly PR miscommunication and they are working on the problem that they are facing and it's probably fixable rather sooner than later. 65 nm is not near a completion though, but that's not what they recently said anyway. LOL at the people who panic sold. |
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Bitcycle
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September 20, 2013, 08:35:34 PM |
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There is NOTHING in the transcript indicating that we will have to wait until Q1 2014 for hashing to start. That was someone's extremely poor reading.
Instead, it sounds like the problem is something they can fix quickly.
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Vigil
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September 20, 2013, 08:37:39 PM |
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Interesting but not really much different than the email from a few days ago.
Agreed. So the summary is: mostly PR miscommunication and they are working on the problem that they are facing and it's probably fixable rather sooner than later. 65 nm is not near a completion though, but that's not what they recently said anyway. LOL at the people who panic sold. Its still dropped by 60%. What do you expect people to do when the thing looked like it was going to the bottom? |
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dhenson
Legendary
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Activity: 994
Merit: 1000
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September 20, 2013, 08:38:31 PM |
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They stated that they ordered 100k chips after the first batch came out of fab. They wouldn't have done that if they were abandoning the Gen 1 project. People are just overreacting and impatient.
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Bitcycle
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September 20, 2013, 08:39:04 PM |
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Interesting but not really much different than the email from a few days ago.
Agreed. So the summary is: mostly PR miscommunication and they are working on the problem that they are facing and it's probably fixable rather sooner than later. 65 nm is not near a completion though, but that's not what they recently said anyway. LOL at the people who panic sold. Its still dropped by 60%. What do you expect people to do when the thing looked like it was going to the bottom? Sell and buy back cheaper like the rest of us.  |
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abuelau
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September 20, 2013, 08:39:38 PM |
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There is NOTHING in the transcript indicating that we will have to wait until Q1 2014 for hashing to start. That was someone's extremely poor reading.
Instead, it sounds like the problem is something they can fix quickly.
Exactly!! This is the correct summary:
Agreed.
So the summary is: mostly PR miscommunication and they are working on the problem that they are facing and it's probably fixable rather sooner than later. 65 nm is not near a completion though, but that's not what they recently said anyway.
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Vigil
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September 20, 2013, 08:39:45 PM |
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They stated that they ordered 100k chips after the first batch came out of fab. They wouldn't have done that if they were abandoning the Gen 1 project. People are just overreacting and impatient.
But everything has been a lie so there isn't any reason to believe that they did so and thus no reason to draw any kind of conclusions from such statements as you just did. |
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VolanicEruptor
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September 20, 2013, 08:40:05 PM |
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They stated that they ordered 100k chips after the first batch came out of fab. They wouldn't have done that if they were abandoning the Gen 1 project. People are just overreacting and impatient.
sorry but you lost everyones interest after you said "they stated"... |
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Vigil
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September 20, 2013, 08:41:16 PM |
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Interesting but not really much different than the email from a few days ago.
Agreed. So the summary is: mostly PR miscommunication and they are working on the problem that they are facing and it's probably fixable rather sooner than later. 65 nm is not near a completion though, but that's not what they recently said anyway. LOL at the people who panic sold. Its still dropped by 60%. What do you expect people to do when the thing looked like it was going to the bottom? Sell and buy back cheaper like the rest of us. I tried to do so but couldn't get back in at the bottom it keep just missing my bids. I've lost over half my Bitcoins in the last week between ActM and Labcoin. |
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Pompobit
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September 20, 2013, 08:42:35 PM |
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OHHH no 28nm!!! you guys do realize that 500TH in 28nm and 500TH in 128nm is still 500th? the only difference being electricity costs, which isn't that big of an issue. If they deploy 500TH with whatever nm # they will be profitable.
You're right, but I see extremely unlikely they will deploy 500TH for december, as the things are going. I hope I'm wrong |
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Bitcycle
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September 20, 2013, 08:43:27 PM |
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Interesting but not really much different than the email from a few days ago.
Agreed. So the summary is: mostly PR miscommunication and they are working on the problem that they are facing and it's probably fixable rather sooner than later. 65 nm is not near a completion though, but that's not what they recently said anyway. LOL at the people who panic sold. Its still dropped by 60%. What do you expect people to do when the thing looked like it was going to the bottom? Sell and buy back cheaper like the rest of us. I tried to do so but couldn't get back in at the bottom it keep just missing my bids. I've lost over half my Bitcoins in the last week between ActM and Labcoin. I could have done much better if I'd traded at the actual top and bottom, but I was too conservative. I have more shares than I did, but I've still lost a ton of value. |
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JohnyBigs
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September 20, 2013, 08:43:41 PM |
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They stated that they ordered 100k chips after the first batch came out of fab. They wouldn't have done that if they were abandoning the Gen 1 project. People are just overreacting and impatient.
But everything has been a lie so there isn't any reason to believe that they did so and thus no reason to draw any kind of conclusions from such statements as you just did. Nice loaded BS statement. Everything has not been a lie. TheSwede is their PR guy true, TheSeven working on their 2nd gen chip true, they are delayed true confirmed by theSeven which they themselves mentioned. Updated us on friday like they said they would, posted, signed, temporarily mined on Wednesday like they said they would. |
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JohnyBigs
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September 20, 2013, 08:45:27 PM |
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Interesting but not really much different than the email from a few days ago.
Agreed. So the summary is: mostly PR miscommunication and they are working on the problem that they are facing and it's probably fixable rather sooner than later. 65 nm is not near a completion though, but that's not what they recently said anyway. LOL at the people who panic sold. Its still dropped by 60%. What do you expect people to do when the thing looked like it was going to the bottom? Sell and buy back cheaper like the rest of us. I tried to do so but couldn't get back in at the bottom it keep just missing my bids. I've lost over half my Bitcoins in the last week between ActM and Labcoin. Lesson to all the people who think they can sell and have their orders filled at the bottoms. |
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Vigil
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September 20, 2013, 08:50:12 PM |
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Interesting but not really much different than the email from a few days ago.
Agreed. So the summary is: mostly PR miscommunication and they are working on the problem that they are facing and it's probably fixable rather sooner than later. 65 nm is not near a completion though, but that's not what they recently said anyway. LOL at the people who panic sold. Its still dropped by 60%. What do you expect people to do when the thing looked like it was going to the bottom? Sell and buy back cheaper like the rest of us. I tried to do so but couldn't get back in at the bottom it keep just missing my bids. I've lost over half my Bitcoins in the last week between ActM and Labcoin. I could have done much better if I'd traded at the actual top and bottom, but I was too conservative. I have more shares than I did, but I've still lost a ton of value. No shares here. Everything I made in the last 5 weeks is gone. Nice loaded BS statement. Everything has not been a lie. TheSwede is their PR guy true, TheSeven working on their 2nd gen chip true, they are delayed true confirmed by the swede which they themselves mentioned. Updated us on friday like they said they would, posted, signed, temporarily mined on Wednesday like they said they would. What planet are you on? They weren't hashing, the boards they showed are likely not actual boards for hashing, etc. Of course it has been a lie, they were covering their f-ups to make it look like everything was going according to plan. There is no reason to take anything they said at face value until they come clean and prove themselves. They put up a random address that had a a few fractions of a Bitcoin trickling in and then has gone completely dry with absolutely no word which caused huge panic sells and cleared-out many people's bitcoins. |
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AngelSky
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September 20, 2013, 08:52:58 PM |
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[15:28] <[7]> given that I have not much contact to the front team, and next to zero to the 130nm team, I can't really judge how communication works between them [15:29] <[7]> I don't have any real proof that they have chips, but I have no reason to believe the contrary either [15:32] <[7]> they suggested something along the lines of the chips "crashing and rebooting" every couple of seconds, but I don't know details yet, not have I spoken to the engineer dealing with it yet. I'm also not sure how much information I may even release here, but I hope that this piece of information is more positive than the general sentiment here. [15:38] <[7]> The honest overall picture that I have is: They're chaotic, but at least trying to release something working. No signs of any scam intent. However as we all know, an ASIC project can easily fail without a scam intent. You never know. Communication between me and them isn't working well, but I guess I'm considered low priority right now as I'm only working on the next generation. [15:42] <[7]> just like me, and I have quite a bunch of other projects, pushing this one down on my todo list from time to time [15:43] <[7]> they never even asked me for a schedule on that [15:43] <[7]> and they're making me write HDL code, which isn't really my area of expertise [15:55] <dexX7> sec i'll get the picture [15:55] <dexX7> https://i.imgur.com/4yuBc9A.jpg + https://i.imgur.com/4qqgoPD.jpg[15:56] <[7]> I've already asked them what the hell that is supposed to be, didn't receive a reply yet [15:58] <[7]> that board design doesn't make much sense to me either[15:58] <[7]> does somewhere know where that picture originated from? [15:58] <[7]> did some labcoin employee post it? [15:59] <[7]> I'm wonderin what those traces to these cap-like-looking things are good for [15:59] <[7]> the connector pins basically go to one of these each, with one more pin for ground, or something like that Reassuring, yes. Everything is going to be fine. Amen.  |
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creativex
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September 20, 2013, 08:54:58 PM |
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Once a particular asset issuer is proven to be dishonest there's little reason to invest. It makes everything else meaningless.
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superduh
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September 20, 2013, 08:59:05 PM |
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at least it aint' BFL /end thread
btw even avalon fucked up (stole?) 2 months late on a product that was already working
honesty would have been so much better regardless
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ok
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