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

[JohnyBigs]

Profit aside, I would love for our Sammy boy to deliver in a big way.  If johnny, pancake(sp), ice, puppet etc. were forced to eat a bit of crow, it will all have been worth it.

Those odds are, lets put it mildly; small.
To stay in the spirit of the unthinkable, lets make some nonsensical assumptions:
- their hardware costs absolutely nothing, zero, nada; the mask set was donated, wafers and packaging are free, PCBs and PSU's are free and they didnt have to spend a dime to develop any of it (in truth they didnt spend much more than 10 BTC so that part is close to true).
- they pay 100% of their mining revenue as dividends
- their chip meets the specified specs of 2.7W/GH and even does so at the wall (using a 130nm process somehow achieving ~4x Avalon's 110nm efficiency and >2x BFL's 65nm efficiency and at higher clockspeeds to boot, no small feat!).
- their electricity cost is only $0.08/KWh, they dont need cooling despite 3-400KW power consumption and the hosting in the datacenter is otherwise free

Under those circumstances they would have to start mining in the next 2 weeks with >100 TH to stand any chance of just breaking even on their IPO price.

And today was clearly Monday where Fabrizzio said we would have 3TH lols, now tuesday afternoon in china.

[BitThink]

Profit aside, I would love for our Sammy boy to deliver in a big way.  If johnny, pancake(sp), ice, puppet etc. were forced to eat a bit of crow, it will all have been worth it.

Those odds are, lets put it mildly; small.
To stay in the spirit of the unthinkable, lets make some nonsensical assumptions:
- their hardware costs absolutely nothing, zero, nada; the mask set was donated, wafers and packaging are free, PCBs and PSU's are free and they didnt have to spend a dime to develop any of it (in truth they didnt spend much more than 10 BTC so that part is close to true).
- they pay 100% of their mining revenue as dividends
- their chip meets the specified specs of 2.7W/GH and even does so at the wall (using a 130nm process somehow achieving ~4x Avalon's 110nm efficiency and >2x BFL's 65nm efficiency and at higher clockspeeds to boot, no small feat!).
- their electricity cost is only $0.08/KWh, they dont need cooling despite 3-400KW power consumption and the hosting in the datacenter is otherwise free

Under those circumstances they would have to start mining in the next 2 weeks with >100 TH to stand any chance of just breaking even on their IPO price.

+1

Many holders here bought in with price less than 0.0005 and their bet is Fabrizio will return the remaining BTC, which is more than a half according to what they said. That's why I think the witch hunting is the best option for them. But someone still think witch hunting will do more harm than good. Totally beyond my understanding. What are they expecting? Recovering to 0.004 someday?

[KS]

New deadline after new deadline. All missed. The scam is not over apparently.

[pedrog]

I'm holdin' my bag, I'm holdin' my bag.

[Sou]

New deadline after new deadline. All missed. The scam is not over apparently.

Why would you ever end it when you could simply keep perpetually pulling empty dates out of your arse?

[KS]

New deadline after new deadline. All missed. The scam is not over apparently.

Why would you ever end it when you could simply keep perpetually pulling empty dates out of your arse?

I guess you'll want to run with the money at some point?

[ronaldlee0917]

Where is the 3TH promised on Monday?

[KS]

Where is the 3TH promised on Monday?

Right beside the other 17TH.

[Puppet]

Where is the 3TH promised on Monday?

isnt it about time you started asking "where is our money" and "where is the person that ran off with our money" ?

[Bitcycle]

Sam, my man, how's that outsourced solution to the chip problem coming?

We're past the promised deadline.


Looks like you've failed to deliver.  Again.

Your plan to show us all up by delivering the hashing does require that you actually deliver the hashing.

[Zakryze]

Sam, my man, how's that outsourced solution to the chip problem coming?

We're past the promised deadline.


Looks like you've failed to deliver.  Again.

Your plan to show us all up by delivering the hashing does require that you actually deliver the hashing.

you guys are married? Thats why you fell for his lies.... Just found the missing link. thx

[lzr1900]

3TH WHERE IS 3TH...333333333333333

[VolanicEruptor]

Anyone have any theories as to what "Sam" had to gain by making up another empty promise?  I could understand when the shares were trading, but with no price to pump at this time, what's the point of lying again?  What was he trying to gain??

[crumbs]

Anyone have any theories as to what "Sam" had to gain by making up another empty promise?  I could understand when the shares were trading, but with no price to pump at this time, what's the point of lying again?  What was he trying to gain??

Schadenfreude?

[redbeans2012]

Anyone have any theories as to what "Sam" had to gain by making up another empty promise?  I could understand when the shares were trading, but with no price to pump at this time, what's the point of lying again?  What was he trying to gain??

He was in the process of getting a new identity materials through silk road right as it was shut down.  He is now trying to calm the pitchfork brigade as he and his hot sister plan to skip town.

[Puppet]

He's buying time, and he is very good at it. Just check the bitdaytrade thread to see how good he is. More than a year has passed and some people still believe he will pay back:
https://bitcointalk.org/index.php?topic=93445.0

[VolanicEruptor]

Anyone have any theories as to what "Sam" had to gain by making up another empty promise?  I could understand when the shares were trading, but with no price to pump at this time, what's the point of lying again?  What was he trying to gain??

Schadenfreude?

Can you stop trying so hard to sound intellectually complex and tell me what you just said?

[radiumsoup]

Anyone have any theories as to what "Sam" had to gain by making up another empty promise?  I could understand when the shares were trading, but with no price to pump at this time, what's the point of lying again?  What was he trying to gain??

Schadenfreude?

Can you stop trying so hard to sound intellectually complex and tell me what you just said?

Is this any clearer? an easy to understand definition of Schadenfreude

[VolanicEruptor]

Anyone have any theories as to what "Sam" had to gain by making up another empty promise?  I could understand when the shares were trading, but with no price to pump at this time, what's the point of lying again?  What was he trying to gain??

Schadenfreude?

Can you stop trying so hard to sound intellectually complex and tell me what you just said?

Is this any clearer? an easy to understand definition of Schadenfreude

I'm blown away.  Thank you so much for showing me the light. 

[silvermario]

1,632.78 Gh/s on http://eligius.st/~wizkid057/newstats/userstats.php/17psAW21J4twanAFWmbcd5WdX2pKeX3trm


AMAZING COMPANY!!!