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

[abuelau]

Oh right, that's really what we need, more people making promises and raising expectations too early.

Wait another 3 hours before tou start to party.

The people who make money on the stock market are the ones who evaluate information the fastest

[5:06] <jeffhuys_> !balance
[5:06] <StalkBot> Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm contains 12.32728404 BTC
[5:06] <StalkBot> Last transaction was 49 minutes, 47 seconds ago
[5:06] <StaljkBot> Transaction: http://blockchain.info/tx-index/90794935
[5:06] <yttr> should see 1.5 in about a minute
[5:07] <bobbabot> 17psAW21J4twanAFWmbcd5WdX2pKeX3trm just recived: ~0.150 BTC
[5:07] <Kleeck__> you think?
[5:07] <StalkBot> [ DEPOSIT TO Labcoin's signed address (17psAW21J4twanAFWmbcd5WdX2pKeX3trm) ]
[5:07] <StalkBot> [ Deposit amount: 0.15 BTC. -> http://blockchain.info/tx-index/90802208 ]
[5:07] <StalkBot> [ New balance at that address is now 12.47728404 BTC. ]
[5:07] <jeffhuys_> haha nice
[5:07] <yttr> yes
[5:07] <bobbabot> [BUY ] 1000 @ 0.00149700 ~ 1.497 BTC
[5:07] <yesminister> heh
[5:07] <Rulother> damn
[5:07] <yttr> sorry
[5:07] <yttr> 0.15
[5:07] <yttr> :P
[5:07] <yttr> I meant

I also saw that in blockexplorer, but that's not my point, we should wait a few more hours to see if the 0.15 is really consistent.

But I have to admit, 1.2th/s is looking very likely indeed

[Bitcycle]

ROFL @ whoever is buying Ytterbium's pump attempts.

Labcoin's statistics are visible at http://www.btcguild.com/index.php?page=rankings&section=teams where their hashrate hasnt increased in 3 days. Some pumper (probably Ytterbium himself) is using his or her accounts at other mining sites and redirecting funds to labcoin's wallet. Labcoin does not have "hidden accounts", it has one account which is visible at the above link.

 

[Ytterbium]

Here's an updated table, with 4 period sliding windows:

UTC             Payment       Gh/s estimate

9/23/2013  8:07   0.1         553.6089029
9/23/2013  9:07   0.1         553.6473506
9/23/2013 10:07   0.1         553.5704605
9/23/2013 11:07   0.1         596.3636364
9/23/2013 12:07   0.1         553.6473506
9/23/2013 12:47   0.12248177  638.6066053
9/23/2013 13:07   0.1         779.487881
9/23/2013 14:07   0.1         779.5600491
9/23/2013 15:07   0.15        871.9003811
9/23/2013 15:47   0.15263979  927.5528756
9/23/2013 16:17   0.29072199  1214.078822
9/23/2013 17:07   0.15        1372.026411   

So you're saying...

...they increased their hashrate as promised?

Actually my calculations would show a ~722 GH/s averaging yesterday and today. Averaging just today, it's ~748 GH/s. So not very promising.

Well, your calculations suck then

[Ytterbium]

ROFL @ whoever is buying Ytterbium's pump attempts.

Labcoin's statistics are visible at http://www.btcguild.com/index.php?page=rankings&section=teams where their hashrate hasnt increased in 3 days. Some pumper (probably Ytterbium himself) is using his or her accounts at other mining sites and redirecting funds to labcoin's wallet. Labcoin does not have "hidden accounts", it has one account which is visible at the above link.

 

I certainly wish I had 400Gh/s

And the payments are not from other sites, they're from BTCGuild.  They're all paid at the 7, 17 or 47 minute mark, and I'm sure they all trace back to BTCGuild's 14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer  address.

[GreekGeek]

ROFL @ whoever is buying Ytterbium's pump attempts.

Labcoin's statistics are visible at http://www.btcguild.com/index.php?page=rankings&section=teams where their hashrate hasnt increased in 3 days. Some pumper (probably Ytterbium himself) is using his or her accounts at other mining sites and redirecting funds to labcoin's wallet. Labcoin does not have "hidden accounts", it has one account which is visible at the above link.

 

I certainly wish I had 400Gh/s

And the payments are not from other sites, they're from BTCGuild.  They're all paid at the 7, 17 or 47 minute mark, and I'm sure they all trace back to BTCGuild's 14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer  address.

I think you are right
https://blockchain.info/taint/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

[FloatesMcgoates]

ROFL @ whoever is buying Ytterbium's pump attempts.

Labcoin's statistics are visible at http://www.btcguild.com/index.php?page=rankings&section=teams where their hashrate hasnt increased in 3 days. Some pumper (probably Ytterbium himself) is using his or her accounts at other mining sites and redirecting funds to labcoin's wallet. Labcoin does not have "hidden accounts", it has one account which is visible at the above link.

 

I certainly wish I had 400Gh/s

And the payments are not from other sites, they're from BTCGuild.  They're all paid at the 7, 17 or 47 minute mark, and I'm sure they all trace back to BTCGuild's 14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer  address.

I think you are right
https://blockchain.info/taint/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

Who cares if they are from BTCguild? What does labcoin stand to gain from having multiple hashing accounts on BTCguild instead of on their publicly visible one? This line of logic is plainly absurd.

[ThePeshMod]

So you're saying...

...they increased their hashrate as promised?

Actually my calculations would show a ~722 GH/s averaging yesterday and today. Averaging just today, it's ~748 GH/s. So not very promising.

Well, your calculations suck then
[/quote]

No, actually they don't I explicitly said this was a daily (and a 2 day) average. If tomorrow's average is better, I would be glad

EDIT: I'm only interested in sustained hash power. Certainly calculation based on every payment's timing is not the way to go here.

[velacreations]

And the payments are not from other sites, they're from BTCGuild.

even if they are from BTCGuild, you don't know they are from Labcoin.
and IF they are from Labcoin, you don't know that they represent revenue on current mining

[velacreations]

No, actually they don't I explicitly said this was a daily (and a 2 day) average. If tomorrow's average is better, I would be glad

+1
Until you have BTCGuild confirming a higher hash rate or an average over a larger time frame, you can't assume that their hash rate has increased.

[Bitcycle]

People can't handle that Labcoin is succeeding.

YAAWWWWWWWWWWNNNNNNNNNNNNNN.

[velacreations]

People can't handle that Labcoin is succeeding.

being 2+ weeks behind schedule and having < .06% of the network is succeeding, now? 

[TMAN]

People can't handle that Labcoin is succeeding.

being 2+ weeks behind schedule and having < .06% of the network is succeeding, now? 

Compared to what you have hashing in your parents basement, then yes

[Ytterbium]

And the payments are not from other sites, they're from BTCGuild.

even if they are from BTCGuild, you don't know they are from Labcoin.
and IF they are from Labcoin, you don't know that they represent revenue on current mining

Nope, we don't know.  And sure, they could very well be from a desperate pumper with 400Gh/s in his or her garage. People thought that it might be the case early on when payments started coming to this address, or that it might be the 3 old Avalons that one of the labcoin team members had.  That turned out not to be the case.

Anyway, those are the numbers.

[MaxSan]

People can't handle that Labcoin is succeeding.

being 2+ weeks behind schedule and having < .06% of the network is succeeding, now? 

Compared to every other asic manufacturer feels like they are doing really well tbh. BFL was delayed... how long?

[GIANNAT]

For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild

Quoting for reference..

Obviusly some of you can not read statements.
Another batch is mining but it is still not stable so it's not merged yet with team "labcoin" on btcguild, hence the bigger payouts.

[Ytterbium]

Silly pump attempts by Ytterbium. Back to ignore list.

The hashrate provided by the pool is the most precise indicator we can have. Payments can be highly affected by variance, and influenced by a troll mining to this address.

It's great that Labcoin is starting to do things right, no need to fake stuff - it will come to bite you.

There are still some puts available if anyone thinks the price will drop below 0.00073750 in the next 4 days. It's not one of those absurdly priced ones either, the premium is 0.00026250 vs. a 0.001 strike price.

You think LC is doomed but you don't think the price will drop even with the exchange closing in two weeks?  SRSLY?

[velacreations]

Nope, we don't know.  And sure, they could very well be from a desperate pumper with 400Gh/s in his or her garage. People thought that it might be the case early on when payments started coming to this address, or that it might be the 3 old Avalons that one of the labcoin team members had.  That turned out not to be the case.

actually, it was the case with the deposits from Slush's pool.

[Ytterbium]

For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild

Quoting for reference..

Obviusly some of you can not read statements.
Another batch is mining but it is still not stable so it's not merged yet with team "labcoin" on btcguild, hence the bigger payouts.

Yeah.  Mining on another account, outside of the labcoin team, while they work on stability is consistent with their statement.

[velacreations]

For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild

Quoting for reference..

Obviusly some of you can not read statements.
Another batch is mining but it is still not stable so it's not merged yet with team "labcoin" on btcguild, hence the bigger payouts.

oh, we can read, but we don't believe anything they say, cause you know, they said they were mining with 2 TH/s 2 weeks ago and that they would have 4 TH/s online by now, which is obviously not the case.

[FloatesMcgoates]

For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild

Quoting for reference..

Obviusly some of you can not read statements.
Another batch is mining but it is still not stable so it's not merged yet with team "labcoin" on btcguild, hence the bigger payouts.

Yeah.  Mining on another account, outside of the labcoin team, while they work on stability is consistent with their statement.

Okay I barely tolerated you even though you were promoting your own put shares but this outright stupidity has forced me to ignore you.