[CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated

[Bitcycle]

How many BTC are left in company funds?

Feel free to ballpark to the nearest hundred if you don't have exact information handy.

Thank you.

[labcoin]

How many BTC are left in company funds?

Feel free to ballpark to the nearest hundred if you don't have exact information handy.

Thank you.

About half of the initial 7000.

[TMAN]

How many BTC are left in company funds?

Feel free to ballpark to the nearest hundred if you don't have exact information handy.

Thank you.

About half of the initial 7000.

When can we have a breakdown of costs to date? us shareholders arent trying to hold you to ransom here, we are looking for some clarity on what has happened to date & what the plan is to move forwards.

[codegnome]

What is the limiting factor on the rate of deployment?

Is it the fix to the overheating problem that takes time, or is there another factor?

This will never stop. I suggest you field questions from the board and focus on getting the miners back online. Thanks

[alphaking]

Can you confirm how many shares are restricted from sale?

I believe it should be 2.25 million, however only 1.9 are held privately according to CryptoStocks.

According to the blog written by CEO of 796, there are only 2005666 shares left under "info@labcoin.com".
Can you explain this?

[Squirrel Dearing]

us shareholders arent trying to hold you to ransom here, we are looking for some clarity on what has happened to date & what the plan is to move forwards.

Agreed!

[ishkur]

Can someone do a countdown to when trading officially beings

[Squirrel Dearing]

This will never stop. I suggest you field questions from the board and focus on getting the miners back online. Thanks

Great suggestion.

[Bitcycle]

What is the limiting factor on the rate of deployment?

Is it the fix to the overheating problem that takes time, or is there another factor?

This will never stop. I suggest you field questions from the board and focus on getting the miners back online. Thanks

He's not where the miners are.

[TMAN]

Sam

when do you expect to raise a purchase order on the fab for more chips? when you do raise that P.O. will you be willing to share that with us as a whole or a member of the shareholders association (or whatever the current name is) also will you be willing to schedule a regular meeting with such group - weekly/fortnightly/monthly - whatever you are comfortable with & can 100% attend each time?

[dexX7]

Trading start on Cryptostocks on October 18, 23:59 UTC:

Timer removed. End time: 2013-10-18+23:59:00UTC

[TMAN]

Sam - 1 more please, & I would really appreciate answers to my previous questions you may of missed. Can you please tell us how many chips are running now.

[ishkur]

Trading start on Cryptostocks on October 18, 23:59 UTC:

Timer removed. End time: 2013-10-18+23:59:00UTC

thanks~!

[Ytterbium]

Looks like my shares transferred, just based on my email address apparently. I'll be interesting to see what the price is tomorrow.

[ThePeshMod]

Just wondering. It looks like when you add to the total hashing there is a drastic dip for a little bit.. I'm guessing you are re-arranging, etc? If so I'm guessing we'll see more than 3 TH shortly...

Correct. We are currently bringing up more hardware.

Does the whole system have to be brought down for every upgrade? It would seem the hash rate drops for a couple of hours before more hashing power is brought in. Is it not modular?

[pedrog]

Looks like my shares transferred, just based on my email address apparently. I'll be interesting to see what the price is tomorrow.

On Havelock they're at ฿0.000451...

[E.Sam]

Labcoin,

I see you are much more active in the communication side these days, and I m quite pleased with this.
Would it be possible for you just to quickly inform us of the reason why the last deadline was not achieved? just a sentence or two as to why the 5 TH/s were not deployed yesterday would be ample at this point.

Cheers.

[bjack0815]

Sam, can you tell us some words about the issues of resent instability?
I think a lot of shareholders would be very pleased when you post some pictures of the mining hardware at least.
This is no problem for you, even considering this topic is outsourced.

[labcoin]

Unfortunately, eligius.st doesn't work well with our hardware. We are conducting tests to locate the root of the problem at the moment.

[dexX7]

Unfortunately, eligius.st doesn't work well with our hardware. We are conducting tests to locate the root of the problem at the moment.

Hi Sam, happy to hear that. How many chips are currently deployed?

Can you give us an overview like "we have __ chips in total, currently __ chips are hashing, __ chips will be deployed soon and __ chips are dead because of ____"? Would be very appreciated.