[CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated

[auto2nr1]

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

Why is it taking so long to get more hashing power online? Why are the deadlines being missed? Where will we be at by the 31st of October?

[1714148580]

1714148580

[1714148580]

1714148580

[1714148580]

1714148580

[1714148580]

1714148580

[bobboooiie]

What was the promise at the end of this month that if it is not met he will pay out rest of the BTC he has?

[Sou]

A vote should be cast on Cryptostocks wether to dissolve the company and distribute the assets amongst shareholders.

[ltiv]

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

A bit delayed, but atleast we're getting somewhere! Appreciate the update, as always

[pedrog]

A vote should be cast on Cryptostocks wether to dissolve the company and distribute the assets amongst shareholders.

That's cute.

[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.

[dhenson]

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.

[Bitcycle]

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.

[BitCsByBit]

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?

[Sou]

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

[Puppet]

Where is the evidence that it is not?

Sam said its not a scam. Sure that counts for something ?

[BitCsByBit]

Where is the evidence that it is not?

Sam said its not a scam. Sure that counts for something ?

I guess we should trust Sam as he is a proven trustworthy person.

[Zubilica]

Sam,

thanks for the answers so far, but.. Funds - would you be willing to show someone here how many of the IPO coins are still in labcoin's hands?

also - once we are hashing @ a serious rate - will you give up your "day job" and focus on this project, if that is a yes - what % of the network will labcoin need to achieve to make this financially viable for you?

Financial statements will be released soon. I'm already considering quitting my day activities.

Still waiting for these two .

[E.Sam]

Hi Sam,

Now that the first batch has been fully deployed, can you give us a date for the second batch and what hashrate to expect?

Cheers

[lzr1900]

Sam,What's your road map?Show us.thx.

[SebastianJu]

103BTC dividends paid till now.

[Sou]

103BTC dividends paid till now.

Only 6897BTC more before we see a profit.

[SebastianJu]

103BTC dividends paid till now.

Only 6897BTC more before we see a profit.

I would have to wait for way more... since the shares i still own were bought for a way higher price than ipo...

But its moving something... thats more interesting than it was before... anyway... when some guys manage to kill labcoin... SAM... contact me... if you have your own asic ill invest with you and i know more guys that want to. No security and the connected risks needed. No need to let the developed asics die... if there are any.

[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.

[alphaking]

103BTC dividends paid till now.

Only 6897BTC more before we see a profit.

After Sam squanders all of these bitcoins.