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

[JohnyBigs]

2.7TH

[1715242208]

1715242208

[1715242208]

1715242208

[1715242208]

1715242208

[SebastianJu]

Sad, very sad. "investors" still don't get that this is nothing compared to what they have paid (and what has been promised), and that no, they won't get a return on their investment. Any miserable news will let the scam continue to go for a little while longer. Those 2 TH weren't any good a month ago, what do you expect now?

Please, stop taking it in the butt.

Also, +40% difficulty tomorrow.

Even though im not convinced of labcoin... if the 2TH are really done with their own asic chips than your argument isnt valid anymore. Because that would mean they can bring out cheap hashpower at cost, you cant compare it to enduser miner-prices. When they bring out the first 100TH its not a problem to bring out more later. And it will not cost anything near the prices enduser have to pay. You have to make a difference between normal mining companies and mining companies that own their own asic design.
Lets see if labcoin really can bring out 100TH. I guess then im convinced its their own hardware.

[crumbs]

Sad, very sad. "investors" still don't get that this is nothing compared to what they have paid (and what has been promised), and that no, they won't get a return on their investment. Any miserable news will let the scam continue to go for a little while longer. Those 2 TH weren't any good a month ago, what do you expect now?

Please, stop taking it in the butt.

Also, +40% difficulty tomorrow.

Even though im not convinced of labcoin... if the 2TH are really done with their own asic chips than your argument isnt valid anymore. Because that would mean they can bring out cheap hashpower at cost, you cant compare it to enduser miner-prices. When they bring out the first 100TH its not a problem to bring out more later. And it will not cost anything near the prices enduser have to pay. You have to make a difference between normal mining companies and mining companies that own their own asic design.
Lets see if labcoin really can bring out 100TH. I guess then im convinced its their own hardware.

What you're forgetting is that KNC, Bitfury, Asicminer, BFL, etc., etc. are also mining with their own gear (or will, if mining with shovels becomes more profitable then selling them).  With real foundrys.  Without sneaking into uni labs.  With established production & multiple adults in charge -- not a mysterious Sam Noi who may or may not be Max Headroom's cousin.  Talk about a non-starter, huh?

*This is a hypothetical only, i'm in no way suggesting Labcoin has made any chips -- 99% chance "they" do not.

[TheCoinBull]

Cant say how much faith I really have, but how funny would it be if one day we wake up to 100Th, and sam saying f-you to all the nah sayers, along with a sky rocket in price, how funny would that be considering all the drama, what if sam or who ever the f, the guy running the show is, was really just shity about communication and didn’t like admitting to problems (like most engineers).

[Sou]

Cant say how much faith I really have, but how funny would it be if one day we wake up to 100Th, and sam saying f-you to all the nah sayers, along with a sky rocket in price, how funny would that be considering all the drama, what if sam or who ever the f, the guy running the show is, was really just shity about communication and didn’t like admitting to problems (like most engineers).

I don't know if you're unaware, but 10TH is well below the hashrate this project was supposed to have. As of now the estimated increase in network difficulty is + 39.44%....that 10TH ain't shit.

[VolanicEruptor]

Cant say how much faith I really have, but how funny would it be if one day we wake up to 100Th, and sam saying f-you to all the nah sayers, along with a sky rocket in price, how funny would that be considering all the drama, what if sam or who ever the f, the guy running the show is, was really just shity about communication and didn’t like admitting to problems (like most engineers).

I don't know if you're unaware, but 10TH is well below the hashrate this project was supposed to have. As of now the estimated increase in network difficulty is + 39.44%....that 10TH ain't shit.

True, but the share price is 20x lower than what it was, so our expectations can be lowered as well now if you bought cheap shares. 

[Rulother]

Cant say how much faith I really have, but how funny would it be if one day we wake up to 100Th, and sam saying f-you to all the nah sayers, along with a sky rocket in price, how funny would that be considering all the drama, what if sam or who ever the f, the guy running the show is, was really just shity about communication and didn’t like admitting to problems (like most engineers).

I don't know if you're unaware, but 10TH is well below the hashrate this project was supposed to have. As of now the estimated increase in network difficulty is + 39.44%....that 10TH ain't shit.

True, but the share price is 20x lower than what it was, so our expectations can be lowered as well now if you bought cheap shares. 

This made me laugh a little

[crumbs]

Cant say how much faith I really have, but how funny would it be if one day we wake up to 100Th, and sam saying f-you to all the nah sayers, along with a sky rocket in price, how funny would that be considering all the drama, what if sam or who ever the f, the guy running the show is, was really just shity about communication and didn’t like admitting to problems (like most engineers).

Most engineers with shitty communication skills don't fund a multimillion dollar company with an IPO on the interwebz, AFAIK.

[silvermario]

lets not get too cocky guys. maybe when he finally hits 10TH we can start to smile a little

Even then i wont be happy since that still can be faked. He had enough bitcoins to buy a big chunk of knc jupiter that he now could assemble. The time when i will be happy will be when i believe that the Hashrate cant be faked anymore.

Again this is bad logic. Why would he do this now, when he could have done this months ago to fake it.

Maybe he waited for his BFL rigs that he bought with money scammed from Bitdaytrade investors:

oh he explained that a couple of posts earlier. Instead of paying his debts, he bought some (BFL?) asics with our money...

Apologizes for not being communicative lately, but i am positive that i'll soon be able to provide consistent and stable payments.
During the BDT experience, because i was very concerned about the high interest bond and the lack of supporting high revenues i've made the decision (unethical, possibly illegal) to repurpose some of the funds raised with the IPO.
Those funds were invested through some chinese partners of mine in asic equipment.
I will receive a couple of units hopefully the next week, the mined coins will go toward current debt repayment plan.
I've also discussed with Meni about shipping one ASIC unit to him phisically, once i receive them.
I'm also working hard on raising funds via other ways, small programming giggles and similar, but my tarnished reputation doesn't help finding customers as a freelancer.
I am not looking for compassion or excuses, rather i just want to explain the state of things at the moment.
On a more positive note, i could possibly be able to pay the current debt entirely within the next few months if  some real estate sale concludes. I'm still working out a way to document this to Meni and possibly publicly. A stable point in the debt repayment plan will be reached soon enough when i'll be able to make use of the asic devices and send a unit to meni. I've also sent additional 10 BTC to Meni today, and i know this is not much of an update until money start flowing back to both bond holders and bdt depositors, but i'm positive about what is being outlined. I'll be soon re-activating the website and implement a claim form for BDT depositors. Again apologizes for all issues caused.

Sincerely
Alberto

[TheCoinBull]

At this point does it really matter, everyone still holding has already accepted they've lost everything. So any news is good news

[SoylentCreek]

At this point does it really matter, everyone still holding has already accepted they've lost everything. So any news is good news

How do you figure the share price increasing?  Looks like it's frozen on BTCT.  Have they found another exchange willing to accept them?

[silvermario]

At this point does it really matter, everyone still holding has already accepted they've lost everything. So any news is good news

How do you figure the share price increasing?  Looks like it's frozen on BTCT.  Have they found another exchange willing to accept them?

https://cryptostocks.com/securities/52

[VolanicEruptor]

At this point does it really matter, everyone still holding has already accepted they've lost everything. So any news is good news

How do you figure the share price increasing?  Looks like it's frozen on BTCT.  Have they found another exchange willing to accept them?

https://cryptostocks.com/securities/52

What does petamine have to do with this

[KS]

Cant say how much faith I really have, but how funny would it be if one day we wake up to 100Th, and sam saying f-you to all the nah sayers, along with a sky rocket in price, how funny would that be considering all the drama, what if sam or who ever the f, the guy running the show is, was really just shity about communication and didn’t like admitting to problems (like most engineers).

That's all "what ifs". This is exactly the kind of frame of mind that has kept this security going.

Whatever the claim of the day, there is nothing incontrovertible to back it up and yet there is always that 1% chance "it might all just be true". That's the way of the con.

[Sou]

Cant say how much faith I really have, but how funny would it be if one day we wake up to 100Th, and sam saying f-you to all the nah sayers, along with a sky rocket in price, how funny would that be considering all the drama, what if sam or who ever the f, the guy running the show is, was really just shity about communication and didn’t like admitting to problems (like most engineers).

That's all "what ifs". This is exactly the kind of frame of mind that has kept this security going.

Whatever the claim of the day, there is nothing incontrovertible to back it up and yet there is always that 1% chance "it might all just be true". That's the way of the con.

"If "ifs" and "buts" were candy and nuts, wouldn't it be a Merry Christmas?"

[pedrog]

At this point does it really matter, everyone still holding has already accepted they've lost everything. So any news is good news

True.

[silvermario]

At this point does it really matter, everyone still holding has already accepted they've lost everything. So any news is good news

How do you figure the share price increasing?  Looks like it's frozen on BTCT.  Have they found another exchange willing to accept them?

https://cryptostocks.com/securities/52
https://cryptostocks.com/securities/53

What does petamine have to do with this

Sorry, my mistake

[Vedran Yoweri]

At this point does it really matter, everyone still holding has already accepted they've lost everything. So any news is good news

How do you figure the share price increasing?  Looks like it's frozen on BTCT.  Have they found another exchange willing to accept them?

https://cryptostocks.com/securities/52
https://cryptostocks.com/securities/53

What does petamine have to do with this

Sorry, my mistake

Check the projects list, last item.

[pedrog]

It's starting to look better:

[Puppet]

Its looking awesome. 7000BTC IPO and 1.39 BTC waiting to be paid out in dividends.