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

[Caesium]

Price is dropping fast.....

What price are you looking at?

[moneymanagment]

btc t

[velacreations]

daily decrease...

[abuelau]

Don't waste your time, the price will be .0011 - .0014 until more hashing is online.

[bryan567]

+1 for Bitfunder. Interface is great and everything works the way it should. Weexchange is definitely weird but it does work, I've never had problems moving bitcoins through them. Coins show up in about 20 minutes and it's free. Does anyone know why they use that service at all? Why can't they just accept and release bitcoins directly?

[237]

+1 for Bitfunder. Interface is great and everything works the way it should. Weexchange is definitely weird but it does work, I've never had problems moving bitcoins through them. Coins show up in about 20 minutes and it's free. Does anyone know why they use that service at all? Why can't they just accept and release bitcoins directly?

It's intended as an extra layer of security.
Attacker would need weex AND Bitfunder Account Data to steal coins.

That way they are confident enough to enable automatic transactions in higher amounts.

As you know from BTCT, they have only a small amount availible daily for automatic cashout.
Everything above that has do be done manually by Burnside to ensure safety.

[radiumsoup]

+1 for Bitfunder. Interface is great and everything works the way it should. Weexchange is definitely weird but it does work, I've never had problems moving bitcoins through them. Coins show up in about 20 minutes and it's free. Does anyone know why they use that service at all? Why can't they just accept and release bitcoins directly?

I'm pretty sure the operator of Bitfunder is also the operator for WeExchange, and he's trying to gin up business for WeExchange.

https://ripple.com/forum/viewtopic.php?f=1&t=17#p131

(not that there's anything wrong with that, just answering the question)

[velacreations]

According to Sam, more hash rate will be deployed daily.

[abuelau]

Oh, I think he meant (you know, typical non-native speaker mistake...)

According to Sam, more hash rate will be REMOVED daily.

 

[velacreations]

Oh, I think he meant (you know, typical non-native speaker mistake...)

According to Sam, more hash rate will be REMOVED daily.

 

yep, appears so.

so, if there's no chance they will hit 1% in 2 weeks (the 20 TH/s promise will be broken), what is a reasonable price for a company mining at <.06% of the network?

according to the chart on the front page of this thread, .00012 is a fair price, and that's 1/10 of the current market price.

[GreekGeek]

Don't waste your time, the price will be .0011 - .0014 until more hashing is online.

+1

[moribana]

Oh, I think he meant (you know, typical non-native speaker mistake...)

According to Sam, more hash rate will be REMOVED daily.

 

yep, appears so.

so, if there's no chance they will hit 1% in 2 weeks (the 20 TH/s promise will be broken), what is a reasonable price for a company mining at <.06% of the network?

according to the chart on the front page of this thread, .00012 is a fair price, and that's 1/10 of the current market price.

I think, given the delay we have,  the most likely scenario is that their chips just did not work and at this point chances are slim that they will work. Their only possibility of cranking up the hash rate in the near future is to buy gear on the market. 

[girlfawkesy]

All I know is that I have a lot of labcoin stock. I do not like the idea of it being sort of held out in space, and so I'm rather hoping that something is decided (I vote for bitfunder) in the coming days because my anxiety about a GLBSE situation grows ever higher.

[abuelau]

All I know is that I have a lot of labcoin stock. I do not like the idea of it being sort of held out in space, and so I'm rather hoping that something is decided (I vote for bitfunder) in the coming days because my anxiety about a GLBSE situation grows ever higher.

+1 for that... I also have a lot in Labcoin... probably more than I should! 

[runam0k]

so, if there's no chance they will hit 1% in 2 weeks (the 20 TH/s promise will be broken), what is a reasonable price for a company mining at <.06% of the network?

according to the chart on the front page of this thread, .00012 is a fair price, and that's 1/10 of the current market price.

Guess what? The market has already priced in the likelihood of a broken promise in two weeks' time; clearly it doesn't matter because the market still believes there is a fair chance Labcoin will, before long, maintain a much higher percentage of the global hash rate.

In other words, posts like this are utterly pointless.

[velacreations]

so, if there's no chance they will hit 1% in 2 weeks (the 20 TH/s promise will be broken), what is a reasonable price for a company mining at <.06% of the network?

according to the chart on the front page of this thread, .00012 is a fair price, and that's 1/10 of the current market price.

Guess what? The market has already priced in the likelihood of a broken promise in two weeks' time; clearly it doesn't matter because the market still believes there is a fair chance Labcoin will, before long, maintain a much higher percentage of the global hash rate.

alternatively, the market will correct itself when the deadline comes and they fail to meet it (like with previous deadlines that were missed)

It's obvious that a broken promise is not priced in the current market value, as it's severely overvalued (and market price is decreasing).  

[damiano]

Labcoin fell off the charts again and no payouts for a while

/sigh

[KCBitcoin]

They're back in the top 25

and gone

[runam0k]

It's obvious that a broken promise is not priced in the current market value, as it's severely overvalued (and market price is decreasing).

So despite Labcoins dreadful performance so far - and all the broken promises - the market is convinced Labcoin will hit 20TH in two weeks? BS. Besides, if that were true the price would be much higher in anticipation.

The broken promise is priced in (seriously, does anyone expect Labcoin to to hit 20TH in two weeks?). The price remains high, however, because the market is essentially giving Labcoin several weeks more - months even - to really start performing.

[lzr1900]

Theswede75 is online!!! show us another bullshit plz!..