Puppet
Legendary
 Offline
Activity: 980
Merit: 1040
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October 18, 2013, 09:34:24 PM |
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OH wait, they are using ghash.io? LOL. Guess who does too: https://cex.io/Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury. |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Bitcycle
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October 18, 2013, 09:36:27 PM |
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5.2 TH is essentially nothing.
Why did Sam delete my question about the additional 100,000 chips he claimed he ordered?
If he didn't order those, how is Labcoin going to grow beyond the 12 TH this first batch of chips provides?
How long will LC be stuck at a tiny, tiny 12 TH?
What's the plan?
Sam doesn't want to say, he wants to delete questions.
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bitmoon
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October 18, 2013, 09:43:29 PM |
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OH wait, they are using ghash.io? LOL. Guess who does too: https://cex.io/Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury. oh,i didnt know that, so labcoin can buy miner from cex and direct it to ghash.io? am i correct? |
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superduh
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October 18, 2013, 09:44:18 PM |
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OH wait, they are using ghash.io? LOL. Guess who does too: https://cex.io/Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury. oh,i didnt know that, so labcoin can buy miner from cex and direct it to ghash.io? am i correct? they could. and they'd lose the rest of all btc - hopefully that's not what they are trying to do |
ok
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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October 18, 2013, 09:48:43 PM |
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OH wait, they are using ghash.io? LOL. Guess who does too: https://cex.io/Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury. oh,i didnt know that, so labcoin can buy miner from cex and direct it to ghash.io? am i correct? Yep. Im not sure how it would look like in the screenshot, but I would ask one of the "workers" page. Its not going to prove anything conclusively, but could be interesting nonetheless. |
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GreenBits
Legendary
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Activity: 1148
Merit: 1048
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October 18, 2013, 10:00:36 PM |
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OH wait, they are using ghash.io? LOL. Guess who does too: https://cex.io/Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury. oh,i didnt know that, so labcoin can buy miner from cex and direct it to ghash.io? am i correct? they could. and they'd lose the rest of all btc - hopefully that's not what they are trying to do im not so sure about this. i could be mistaken, but if im correct, all the mining on ghash.io as a result of a cex.io share purchase mines into the user account balance (for ease of reinvestment.). You can manually divide mining payout by percentage to different addresses, but only for external workers that you direct at the pool. played with the settings on this feature (was trying to send the cex.io mining profits to two external wallets, divided in half). dont own a physical miner, so haven tested it. hope this clears things up. Green mayhap someone can simply test this? ghash.io doesnt seem like a bad pool to mine with |
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bitmoon
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October 18, 2013, 10:14:05 PM |
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btw, i dont understand how can labcoin go mine in private pool for bitfury? assuming they have there "non exisistant" own asic
so how its allowed?
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Puppet
Legendary
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Activity: 980
Merit: 1040
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October 18, 2013, 10:23:08 PM |
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btw, i dont understand how can labcoin go mine in private pool for bitfury? assuming they have there "non exisistant" own asic
so how its allowed?
if you sign up at cex.io, your account lets you log in to ghash.io, and you can define your workers etc like with any other pool. Its not that private. |
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kroneko
Member
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Activity: 140
Merit: 27
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October 19, 2013, 12:16:33 AM |
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Cryptostocks is up and live now with trading resuming!
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bitmoon
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October 19, 2013, 12:32:23 AM |
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Cryptostocks is up and live now with trading resuming!
funny , it has already lost massive of No. shareholders, lets see which bagholders will be first to dump for that bit profit, before it hit floor again |
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VolanicEruptor
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October 19, 2013, 12:44:37 AM |
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Cryptostocks is up and live now with trading resuming!
funny , it has already lost massive of No. shareholders, lets see which bagholders will be first to dump for that bit profit, before it hit floor again It will be strong for awhile at 5TH/S, compared to pre-shutdown price on BTCT |
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codegnome
Sr. Member
Offline
Activity: 782
Merit: 258
Betking.io - Best Bitcoin Casino
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October 19, 2013, 02:01:17 AM |
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bitmoon
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October 19, 2013, 03:54:47 AM |
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OH wait, they are using ghash.io? LOL. Guess who does too: https://cex.io/Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury. oh,i didnt know that, so labcoin can buy miner from cex and direct it to ghash.io? am i correct? they could. and they'd lose the rest of all btc - hopefully that's not what they are trying to do meh, never mind, to make account in cex.io you are required to give personal info, like passport photo, bank account, heavy info, no way labcoin will do it, maybe they provided false info for time being. who knows? |
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VolanicEruptor
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October 19, 2013, 04:08:14 AM |
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5.2TH hashing, pankake is starting to have heart failure along with all the other haters.
You have understood nothing of what I said, and welcome to my ignore list of retards/scammers. Do you also realize that anything under 100 TH at that point is going to be a fat loss for investors? Also, not even able to spell my nickname properly. Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO? |
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VolanicEruptor
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October 19, 2013, 04:22:36 AM |
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Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO?
I am talking about IPO investors, or as I would say "most investors". Obviously, I'm going to get stories of people pretending they bought and sold at all the right times. The simple truth is that the initial capital will never be paid back to investors. Anyway, 10% of IPO is still way too high for current hashrate for any chance of profit. It's hard to say where "most investors" joined in. A lot of trading has happened since we went below IPO levels, and I highly doubt you (or anyone) could figure it out. If Labcoin can continue to hold .15% of the network as we do now, and keep purchasing old equipment to cover their scam, that's .00005 BTC/share annual return. For some people that's 50% annual return. LOL |
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ishkur
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October 19, 2013, 04:29:01 AM |
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I managed to jump back in at .0001150 but that was luck
I bought and sold on the way down... Selling at .0035 was nice.
I am up overall but I have made a good chuck of errors as well.
I do agree that without a lot of TH coming online soon and quickly we won't go anywhere
Lucky enough lowest price we can go is .0001
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Ytterbium
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October 19, 2013, 04:57:32 AM |
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Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO?
I am talking about IPO investors, or as I would say "most investors". Obviously, I'm going to get stories of people pretending they bought and sold at all the right times. The simple truth is that the initial capital will never be paid back to investors. Anyway, 10% of IPO is still way too high for current hashrate for any chance of profit. From what I can tell, he has a 0.2% of the network currently, if he could hold that (which I kind of doubt) it would be about 2620.8Btc/year or 0.00026208 per share per year. In order for shares to be worth Yeah. I'm pretty sure he originally said he'd be at 50TH/s by now. I think most recently he said he'd be at 10Th/s by tommorow. If IPO investors are going to make a profit in a year of dividends he'd need to maintain 1% of the network, or about 21Th/s at the current rate. There's also a real question about how much he'll be able to increase hashrate before running out of money. I seriously doubt he's at the $2/gh level they initially announced at this point. We can see the issues he's been having with hashrate lately, but beyond that we have no idea what's going on with the remaining funds. No one is going to value this stock based on a year of expected performance for now, so he'll have to grow his share of the network consistently for months before there's any chance of the price recovering (IMO) |
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JohnyBigs
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October 19, 2013, 05:03:58 AM |
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Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO?
I am talking about IPO investors, or as I would say "most investors". Obviously, I'm going to get stories of people pretending they bought and sold at all the right times. The simple truth is that the initial capital will never be paid back to investors. Anyway, 10% of IPO is still way too high for current hashrate for any chance of profit. From what I can tell, he has a 0.2% of the network currently, if he could hold that (which I kind of doubt) it would be about 2620.8Btc/year or 0.00026208 per share per year. In order for shares to be worth Yeah. I'm pretty sure he originally said he'd be at 50TH/s by now. I think most recently he said he'd be at 10Th/s by tommorow. If IPO investors are going to make a profit in a year of dividends he'd need to maintain 1% of the network, or about 21Th/s at the current rate. There's also a real question about how much he'll be able to increase hashrate before running out of money. I seriously doubt he's at the $2/gh level they initially announced at this point. We can see the issues he's been having with hashrate lately, but beyond that we have no idea what's going on with the remaining funds. No one is going to value this stock based on a year of expected performance for now, so he'll have to grow his share of the network consistently for months before there's any chance of the price recovering (IMO) Why can't they be at $2/gh? once everything is designed which it seems it is, manufacturing costs aren't going to change. I think once they hit 10TH and 20TH people will start to pile in. at 20TH having 1% of the network is no joke. Especially buying shares at these retarded prices. |
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Puppet
Legendary
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Activity: 980
Merit: 1040
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October 19, 2013, 08:36:51 AM |
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It's hard to say where "most investors" joined in.
The number of investors is irrelevant, what matters is the money they invested. And no amount of trading or flipping changes the fact combined they invested IPO price and only got divs in return. Whatever some lucky investors gained by flipping at the right time was lost by others. |
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somestranger
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October 19, 2013, 08:50:35 AM |
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Why can't they be at $2/gh? once everything is designed which it seems it is, manufacturing costs aren't going to change. I think once they hit 10TH and 20TH people will start to pile in. at 20TH having 1% of the network is no joke. Especially buying shares at these retarded prices.
Well for one the actual hashrate of the chips is significantly lower than they anticipated when they made the $2/gh claim. Then there are the supposed engineering costs for coming up with a workable cooling solution among other things. |
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