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

[JohnyBigs]

They just moved up to the 22 spot...still a sceptic though until I see some big numbers go up.
If they can hit the 2th mark they are supposed to be hashing and we are still seeing growth then I'll think about reinvesting.  

Just the fact that they manufactured working chips means that it is only a matter of time until they have nearly unlimited hash.

lmao when and how was that "fact" ever established?

From pictures of their chips? Troll?

[CMMPro]

The public stat tracking of labcoin's hashrate now available on BTC guild is the most important piece of news to come out about this stock in pretty much its entire history, now we can stop playing around guessing shit here and there and actually look at cold hard data.

That 800gh is really too big of a number to be a bunch of blades or usb erupters....I'm going to guess that they really are hashing with their own stuff.
That said if the hashrate goes up overnight I will buy in tomorrow early. I can sleep on it.

 

[VolanicEruptor]

The public stat tracking of labcoin's hashrate now available on BTC guild is the most important piece of news to come out about this stock in pretty much its entire history, now we can stop playing around guessing shit here and there and actually look at cold hard data.

That 800gh is really too big of a number to be a bunch of blades or usb erupters....

Price is climbing up.. better jump in now

[AtlasONo]

They just moved up to the 22 spot...still a sceptic though until I see some big numbers go up.
If they can hit the 2th mark they are supposed to be hashing and we are still seeing growth then I'll think about reinvesting.  

Just the fact that they manufactured working chips means that it is only a matter of time until they have nearly unlimited hash.

lmao when and how was that "fact" ever established?

From pictures of their chips? Troll?

Pictures of god only knows what chip and a single layer pcb without pads? Did you miss the 50 pages of people laughing at that pic?


But anyway go ahead and buy. I've been convinced that the investors are ignorant enough to run this thing sky high so I've bought back in. Investor ignorance, now there's a fact you can count on!

[AngelSky]

I feel like I'm taking crazy pills here, how does no one understand this?

Don't worry, some people understand what you are trying to say.. The market will do the job.

[codegnome]

The public stat tracking of labcoin's hashrate now available on BTC guild is the most important piece of news to come out about this stock in pretty much its entire history, now we can stop playing around guessing shit here and there and actually look at cold hard data.

That 800gh is really too big of a number to be a bunch of blades or usb erupters....

Price is climbing up.. better jump in now

Poor guys that are sleeping through the news.

[Panterino]

They just moved up to the 22 spot...still a sceptic though until I see some big numbers go up.
If they can hit the 2th mark they are supposed to be hashing and we are still seeing growth then I'll think about reinvesting.  

Just the fact that they manufactured working chips means that it is only a matter of time until they have nearly unlimited hash.

lmao when and how was that "fact" ever established?

Uh, over the last 6xx pages of this thread.

Some people believe human beings visiting the moon isn't a fact even though there's pictures and everything. To the extent that life is subjective nothing can be definitively proven but you have to step into faith to make it work.

[AngelSky]

The public stat tracking of labcoin's hashrate now available on BTC guild is the most important piece of news to come out about this stock in pretty much its entire history, now we can stop playing around guessing shit here and there and actually look at cold hard data.

That 800gh is really too big of a number to be a bunch of blades or usb erupters....

Price is climbing up.. better jump in now

It's too late to buy if you see the news now. Next step, the growing (or not) hashrate.

[CMMPro]

They just moved up to the 22 spot...still a sceptic though until I see some big numbers go up.
If they can hit the 2th mark they are supposed to be hashing and we are still seeing growth then I'll think about reinvesting.  

Just the fact that they manufactured working chips means that it is only a matter of time until they have nearly unlimited hash.

lmao when and how was that "fact" ever established?

Uh, over the last 6xx pages of this thread.

Some people believe human beings visiting the moon isn't a fact even though there's pictures and everything. To the extent that life is subjective nothing can be definitively proven but you have to step into faith to make it work.

http://www.youtube.com/watch?v=tHTDCdg-2cw

[AngelSky]

They just moved up to the 22 spot...still a sceptic though until I see some big numbers go up.
If they can hit the 2th mark they are supposed to be hashing and we are still seeing growth then I'll think about reinvesting.  

Just the fact that they manufactured working chips means that it is only a matter of time until they have nearly unlimited hash.

lmao when and how was that "fact" ever established?

Uh, over the last 6xx pages of this thread.

Some people believe human beings visiting the moon isn't a fact even though there's pictures and everything. To the extent that life is subjective nothing can be definitively proven but you have to step into faith to make it work.

You are right. But some pictures (not in 640x480) and maybe with videos (great we are in 2013) + a growing hashrate will be enough for the whole community (98%) I guess.

[Ytterbium]

Why don't you haters put your money where your mouth is and buy some of the put options? I made money buying them during the drop from 0.002 to 0.001.

If you buy the ones at a 0.001 strike price and 0.00023 premium you'll you would earn 50% profit if the price were to drop to double your money if the price drops to 0.0065, and a 100% profit if the price were to drop to .00054.  

The other options will make you some money if the price drops to less then 0.001165, but because the premium is so high you won't make a good percentage profit off of them. A lot of the options on btct.co are way overpriced, huge premiums relative to the strike price so you don't make a huge profit. They're a ripoff.

But if you really think the company is crap why not buy some put options?

[BitCsByBit]

Nice work!

I'm glad to see that Labcoin has managed to create a fix or a workaround for the issues they were experiencing.

A lot of people will be upset with themselves for panicking and dumping their shares.

Now, let's forget about the past and concentrate on our bright future.

Thank you for the update and have a good weekend!

Dumping shares, and then buying back in, was obviously the right thing to do.  I'd have made way more money if I dumped at 0.003 instead of 0.002. Labcoin needed to keep communication open, instead they just dissapeared after telling people to "buy cheap shares" before the price dropped by 66%.

Labcoin still isn't back up to my old buy-in price, but now I have 30% more shares.

I'm glad that it worked out for you. I wish I could have increased my number of shares, but when everyone was dumping, I was out drinking and it wasn't a good time to make rational decisions, and I could have ended up with less.  

[AngelSky]

Why don't you haters put your money where your mouth is and buy some of the put options? I made money buying them during the drop from 0.002 to 0.001.

If you buy the ones at a 0.001 strike price and 0.00023 premium you'll you would earn 50% profit if the price were to drop to double your money if the price drops to 0.0065, and a 100% profit if the price were to drop to .00054.  

The other options will make you some money if the price drops to less then 0.001165, but because the premium is so high you won't make a good percentage profit off of them. A lot of the options on btct.co are way overpriced, huge premiums relative to the strike price so you don't make a huge profit. They're a ripoff.

But if you really think the company is crap why not buy some put options?

Thinking that a company is crap and trading are two different things.

[VolanicEruptor]

The public stat tracking of labcoin's hashrate now available on BTC guild is the most important piece of news to come out about this stock in pretty much its entire history, now we can stop playing around guessing shit here and there and actually look at cold hard data.

That 800gh is really too big of a number to be a bunch of blades or usb erupters....

Price is climbing up.. better jump in now

It's too late to buy if you see the news now. Next step, the growing (or not) hashrate.

I disagree.. the worst time to release news like that is on a Saturday night when BTCT is usually dead.  There are still A LOT of people who have yet to hear the news, because they have lives...

I sold a shitload of ActM for labcoin and I'm not regretting it one bit now

[kingcrimson]

I wouldn't say the news puts labcoin 100 % in the clear... we will see the next two weeks. But it is good enough that I bought back at a loss.

Congrats to those who had faith, despite the company's behavior straight out of scamming 101, you have balls of steel

[AngelSky]

The public stat tracking of labcoin's hashrate now available on BTC guild is the most important piece of news to come out about this stock in pretty much its entire history, now we can stop playing around guessing shit here and there and actually look at cold hard data.

That 800gh is really too big of a number to be a bunch of blades or usb erupters....

Price is climbing up.. better jump in now

It's too late to buy if you see the news now. Next step, the growing (or not) hashrate.

I disagree.. the worst time to release news like that is on a Saturday night when BTCT is usually dead.  There are still A LOT of people who have yet to hear the news, because they have lives...

Maybe you're right, but if I was sleeping (or drinking) now and saw the chart in a few hours that's what I would have said to myself. Riding waves is my religion.

EDIT:

I sold a shitload of ActM for labcoin and I'm not regretting it one bit now Cheesy

That was you ? :p

[AngelSky]

I wouldn't say the news puts labcoin 100 % in the clear... we will see the next two weeks. But it is good enough that I bought back at a loss.

Congrats to those who had faith, despite the company's behavior straight out of scamming 101, you have balls of steel

That was a tough bet, indeed. Time will tell if Labcoin was more than smoke.

[BitCsByBit]

The public stat tracking of labcoin's hashrate now available on BTC guild is the most important piece of news to come out about this stock in pretty much its entire history, now we can stop playing around guessing shit here and there and actually look at cold hard data.

That 800gh is really too big of a number to be a bunch of blades or usb erupters....

Price is climbing up.. better jump in now

It's too late to buy if you see the news now. Next step, the growing (or not) hashrate.

I disagree.. the worst time to release news like that is on a Saturday night when BTCT is usually dead.  There are still A LOT of people who have yet to hear the news, because they have lives...

I sold a shitload of ActM for labcoin and I'm not regretting it one bit now

Welcome to Labcoin again.

You were quite "fanatical" about ActM, but I see that you had a bit of a fallout with Ken. He seems to be obsessive compulsive and a control freak which is working against ActM and their shareholders.

[BitThink]

There're so many reasons for me to be far from this stock. However, I admit i am still not disciplined enough to fight with the greedy. Just bought in some shares and hope more people to wake up and see the news. At least, this is the first time a concrete thing was given in an update.

[keeron]

The hashrate at btcguild is rising slowly but surely....814 now