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

[pedrog]

Dividends paid on Crypto::Stocks:

23 Oct 13:23   16.75526103   8,094,329   0.00000207   BTC
21 Oct 15:09   11.25111731   8,094,329   0.00000139   BTC
20 Oct 15:36   11.08923073   8,094,329   0.00000137   BTC
19 Oct 09:32   11.17017402   8,094,329   0.00000138   BTC
18 Oct 04:32   11.97960692   8,094,329   0.00000148   BTC

So from ..137 per 24 hours, we've gone to ...0207 over 48? Implying a reduced hashrate?

Apparently there was some downtime...

http://eligius.st/~wizkid057/newstats/userstats.php/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

On Eligius.  Most of his hash is on ghash.io.  allegedly

Yes, I'm assuming it affected the entire equipment.

[BitCsByBit]

Well the 600 GH/s on Eligius is the older fake mining provided by their Avalons.
The others are bought on cex.io.


NB: This is based on no evidence, and thus is FUD. Since it seems no one here understand what FUD is, I'm starting to teach you how to internet.

From my understanding cex.io uses BitFurry chips.

Does anyone know if they have any affiliation with www.bitfurystrikesback.com?

[JimiQ84]

Well the 600 GH/s on Eligius is the older fake mining provided by their Avalons.
The others are bought on cex.io.

NB: This is based on no evidence, and thus is FUD. Since it seems no one here understand what FUD is, I'm starting to teach you how to internet.

How do you explain 3TH spikes on eligius?

[radiumsoup]

Well the 600 GH/s on Eligius is the older fake mining provided by their Avalons.
The others are bought on cex.io.

NB: This is based on no evidence, and thus is FUD. Since it seems no one here understand what FUD is, I'm starting to teach you how to internet.

How do you explain 3TH spikes on eligius?

If I were cynical, I'd explain it by saing you could buy some ASIC hardware, hash for a few days while jumping between two accounts (one for labcoin and one for your pocket) in order to feign problems with the pool, pretend to need to move to an "asic-ready" pool like ghash.io that doesn't have public hashrate transparency, sell the hardware at a profit, buy hashrate from cex.io, and pay dividends from the purchased hashrate.

If I were cynical.

[SebastianJu]

Well the 600 GH/s on Eligius is the older fake mining provided by their Avalons.
The others are bought on cex.io.

NB: This is based on no evidence, and thus is FUD. Since it seems no one here understand what FUD is, I'm starting to teach you how to internet.

How do you explain 3TH spikes on eligius?

If I were cynical, I'd explain it by saing you could buy some ASIC hardware, hash for a few days while jumping between two accounts (one for labcoin and one for your pocket) in order to feign problems with the pool, pretend to need to move to an "asic-ready" pool like ghash.io that doesn't have public hashrate transparency, sell the hardware at a profit, buy hashrate from cex.io, and pay dividends from the purchased hashrate.

If I were cynical.

Though one cant do endless buy hashpower since the remaining bitcoins are limited. But of course it might be a way to buy time. Either to run away and destroy traces or in the hope to finally build something.

[radiumsoup]

Though one cant do endless buy hashpower since the remaining bitcoins are limited. But of course it might be a way to buy time. Either to run away and destroy traces or in the hope to finally build something.

Exactly

[labcoin]

We've finally deployed about 10 TH/s of stable hashing output.

Here is the guest account for http://ghash.io, username : labcoin2 password : 12345

[silvermario]

We've finally deployed about 10 TH/s of stable hashing output.

Here is the guest account for http://ghash.io, username : labcoin2 password : 12345

It doesn't matter now, prepare your ass for a long time in jail.

[Duffer1]

We've finally deployed about 10 TH/s of stable hashing output.

Here is the guest account for http://ghash.io, username : labcoin2 password : 12345

Good news.  Where's the rest?  You've promised, and we paid for, a mountain, but all I see is a small hill.

[mumung]

All I see is 1.2 TH in the last 5 minutes on ghash.io and not 10TH.

[dexX7]

All I see is 1.2 TH in the last 5 minutes on ghash.io and not 10TH.

Refresh.

[mumung]

All I see is 1.2 TH in the last 5 minutes on ghash.io and not 10TH.

Refresh.

I see. thx

[jeffshed]

well this is good news 

now it's down to only 90-95%scam territory

pictures might bring it down to 50% but are we likely to see pictures?

no.....

[crumbs]

well this is good news 

now it's down to only 90-95%scam territory

pictures might bring it down to 50% but are we likely to see pictures?

no.....

YES!   Labotomy Dominator^tm miner pic sneeked from Sam's secrit lab:

[drawingthesun]

I wonder why images of the miners are still unavailable?

I am sure they could fake a rig if they really wanted to...

[bobboooiie]

I wonder why images of the miners are still unavailable?

I am sure they could fake a rig if they really wanted to...

You cant fake shit with internet full of detectives!

[hammurabi]

More kncminers arrived? So cool!
That would be like 25 jupiters hashing.
Drawing ~15kW from sam's apartment wall outlet.
Costing around 1750 BTC when IPO happened.
70btc per jupiter back then. Or ~3000BTC if they chose to host them with KNC.

GHash.io data:
Workers
#   Worker   5m   15m   1h   1d   Rejected Shares Last 24h Stale   Duplicate   Low
1   labcoin2.4   1.35 Th/s   1.37 Th/s   1.41 Th/s   465.99 Gh/s   6144   7424   0
2   labcoin2.7   1.39 Th/s   1.37 Th/s   1.32 Th/s   448.04 Gh/s   4608   6144   0
3   labcoin2.2   1.13 Th/s   1.30 Th/s   1.25 Th/s   460.47 Gh/s   6912   6144   0
4   labcoin2.3   1.30 Th/s   1.26 Th/s   1.24 Th/s   460.83 Gh/s   5376   8448   0
5   labcoin2.1   1.13 Th/s   1.16 Th/s   1.16 Th/s   454.60 Gh/s   3840   7680   0
6   labcoin2.5   1.19 Th/s   1.14 Th/s   1.21 Th/s   452.45 Gh/s   9984   4608   0
7   labcoin2.6   1.19 Th/s   1.16 Th/s   1.15 Th/s   436.06 Gh/s   6144   3072   0
8   labcoin2.8   782.93 Gh/s   859.32 Gh/s   814.90 Gh/s   307.25 Gh/s   3072   5376   0

It seems that ~650 from Eligius.st have been relocated. No hashing for couple of hours.

People will still be screaming scam at 20/50 and 100 TH.

There is no one to blame for that and his rock bottom communication skills.

It is a scam. Where is the evidence that it is not?

+1

KnCMiningOp   26xx   23 June   1   0   0   USA   None   17 October
KnCMiningOp   36xx   12 July   1   0   0   USA   None   21 October
KnCMiningOp   49xx   1   August   1   0   0   USA   None   24 October

Paid August 1st -> delivered on 24th Oct, Friday.
See the pattern with stable hashing power deployed?
Remember IPO day(31th July)? And the hurry associated in collecting the funds?
There were technical problems with btct.co, but instead delaying the ipo they were insisting on collecting the money right away.
KNC queue was based on payment day.
And in addition TheSwede was somehow keen on kncminers, see him organizing group buy of them.
Maybe somebody can track IPO money hitting knc wallets?

Edit:

We are now hashing on eligius.st at 3 Terahash/s, more hardware is being prepared as we speak.
http://eligius.st/~wizkid057/newstats/userstats.php/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

The miner is now hashing, and I will send out the first payment today. It seems there may be somewhat of an issue with one board that I will investigate (far higher temp on one and not hashing at full capacity) but to make up for the longer transit time then expected I will still pay out 275 GH/s by simply making up for the lower hash rate with my personal BFL 60gh.
I have a payment script I will be testing out today so expect your share of approx 0.55 BTC in the next 24 hours.

Check dates.
First kncminers arrived to them, 3Th is deployed.
1 Aug kncminers are being delivered and here we go to 10TH/s.

[BitSugar]

Thank you for posting this!

So right now we are 1/4 -1/8 as powerful as asicminerhttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0 .

What would that put Labcoin share prices at if they were valued relative to Asicminer shares?

[BitSugar]

Thank you for posting this!

So right now we are 1/4 -1/8 as powerful as asicminerhttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0 .

What would that put Labcoin share prices at if they were valued relative to Asicminer shares?

"
We've finally deployed about 10 TH/s of stable hashing output.

Here is the guest account for http://ghash.io, username : labcoin2 password : 12345
"

[dhenson]

Thank you for posting this!

So right now we are 1/4 -1/8 as powerful as asicminerhttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0 .

What would that put Labcoin share prices at if they were valued relative to Asicminer shares?

Labcoin has 25x more shares.  Value parity would be .024/ share making 1/8th value .003.