[CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated

[Squirrel Dearing]

Hmm.. Where's today's Divs?  And since we are now at 10 TH/s, I was expecting to see more than the normalish 12.? BTC in the mining address. That's what it's been the past few days - 12.7ish

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

Looks like Divs are coming.. 16.85~ BTC this time

[Squirrel Dearing]

Hmm.. Where's today's Divs?  And since we are now at 10 TH/s, I was expecting to see more than the normalish 12.? BTC in the mining address. That's what it's been the past few days - 12.7ish

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

Looks like Divs are coming.. 16.85~ BTC this time

Got 'em!

[Bitcycle]

The volume at cryptostocks is a joke.  We really need to move to havelock.

There not on havelock because they didn't and wouldn't provide any proof, this is also why they are not on Bitfunder.

Cryptostocks added them for the fees,

It would have been simple to list on Bitfunder if they managed to provide any proof, but they didn't. And it looks like they won't.

I personally wouldn't be offering up any details with all the pitch forks that have been flying around here. Would you?

If I had to verify my identity to a trusted 3rd party such as Ukyo to have the value of my stock be several times higher?

You bet your ass I'd do it.

Don't make excuses for him. His actions are taking money out of your pocket.

[jimmothy]

If I had to verify my identity to a trusted 3rd party such as Ukyo to have the value of my stock be several times higher?

You bet your ass I'd do it.

Ukyo, the guy who without explanation banned all US customers causing a massive price crash affecting nearly every stock on the site? I would much rather use something like colored coins or if you want some real legitimate stocks you can have SEC registered ones which you know wont be scams. But no current exchanges will register with SEC nor will the securities because it is expensive and takes time.

[canth]

The volume at cryptostocks is a joke.  We really need to move to havelock.

There not on havelock because they didn't and wouldn't provide any proof, this is also why they are not on Bitfunder.

Cryptostocks added them for the fees,

It would have been simple to list on Bitfunder if they managed to provide any proof, but they didn't. And it looks like they won't.

I personally wouldn't be offering up any details with all the pitch forks that have been flying around here. Would you?

If I had to verify my identity to a trusted 3rd party such as Ukyo to have the value of my stock be several times higher?

You bet your ass I'd do it.

Don't make excuses for him. His actions are taking money out of your pocket.

I could care less if the stock was listed on bitfunder - I'm in the US.

If you're looking for legitimacy, pictures of the miners/chips would be far more valuable than sam's identity, which as I've stated is more of a liability.

[Bitcycle]

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

What's the schedule for increasing the rate?

[lzr1900]

Sam,what's the next target of the hashrate?
Second batch,2nd gen chips development，financial report，open-space visit（time？），etc..
Please give us a full update.
thx.

[tinyfox266]

Sam,what's the next target of the hashrate?
Second batch,2nd gen chips development，financial report，open-space visit（time？），etc..
Please give us a full update.
thx.

+1

[utens]

With 200 satoshi daily dividends, if they can mantain this proportion ( by adding some hashpower as the difficulty raises) it adds up to 0,007 btc of dividend per share per year.

meaning that at 0.007 is roi 100% in 365 days

[ltiv]

With 200 satoshi daily dividends, if they can mantain this proportion ( by adding some hashpower as the difficulty raises) it adds up to 0,007 btc of dividend per share per year.

meaning that at 0.007 is roi 100% in 365 days

I think you've made a mathematical error 0.000002 (assuming that's 200 satoshi) x 365 = 0.00073 (or 0.0007). This would mean with the current prices of the stocks, you can atleast expect to get 100% return + assuming that they do increase their hash to their promised TH - taking difficulty into the equation, however with this stated - most investors who bought in at IPO and higher won't be seeing a decent return anytime soon. (maybe?)

[utens]

With 200 satoshi daily dividends, if they can mantain this proportion ( by adding some hashpower as the difficulty raises) it adds up to 0,007 btc of dividend per share per year.

meaning that at 0.007 is roi 100% in 365 days

I think you've made a mathematical error 0.000002 (assuming that's 200 satoshi) x 365 = 0.00073 (or 0.0007). This would mean with the current prices of the stocks, you can atleast expect to get 100% return + assuming that they do increase their hash to their promised TH - taking difficulty into the equation, however with this stated - most investors who bought in at IPO and higher won't be seeing a decent return anytime soon. (maybe?)

Yes sorry, I mean 0,0007.

Just saying that the things are better than what they look. So if they can deploy/Buy hasrate up to 50ish TH that will mean  roughly dividends untill february.

So 0.0005- 0.0006 could be the right price

[Bitcycle]

The problem is that Sam has given no indication of a roadmap for future hashing growth.

Investors have no idea what to expect when, so it's impossible to judge what the shares should be valued at.

Combined with the fact that there needs to be some sort of exciting news to get people to put money on cryptoshares in the first place, there's not much hope of the share price increasing any time soon.

If Sam delivered on his promise to have 20 TH of hashing by the end of October, perhaps, but it's looking like he'll fail to deliver yet again.

[BitThink]

With 200 satoshi daily dividends, if they can mantain this proportion ( by adding some hashpower as the difficulty raises) it adds up to 0,007 btc of dividend per share per year.

meaning that at 0.007 is roi 100% in 365 days

I think you've made a mathematical error 0.000002 (assuming that's 200 satoshi) x 365 = 0.00073 (or 0.0007). This would mean with the current prices of the stocks, you can atleast expect to get 100% return + assuming that they do increase their hash to their promised TH - taking difficulty into the equation, however with this stated - most investors who bought in at IPO and higher won't be seeing a decent return anytime soon. (maybe?)

Yes sorry, I mean 0,0007.

Just saying that the things are better than what they look. So if they can deploy/Buy hasrate up to 50ish TH that will mean  roughly dividends untill february.

So 0.0005- 0.0006 could be the right price

According to the current difficulty increase rate, to keep the same proportion (or dividend), it's not just adding 'some' hash rate. The hash rate has to be increase more than 30% every 10 days, and more than doubled per month. No company on earth can achieve this objective for one year. So 0.0005 - 0.0006 is definitely not the right price, unless you believe the network hashing rate will stop increasing exponentially in a couple of months.

[mumung]

Sam, obviously you don't know what you're doing.
Just stop wasting our money. Just transfer it back to your creditors and be
done with it.

[alphaking]

Based on Sam's performance before, the possibility that labcoin will success goes lower and lower (1% -> 0.1%).
More and more competent competitors show up with large enough hash power and advanced technology.
Until now, we only have lagged <10TH. I don't know why people are so happy with this short time dividend. 

[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]

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

+1

[Ytterbium]

According to the current difficulty increase rate, to keep the same proportion (or dividend), it's not just adding 'some' hash rate. The hash rate has to be increase more than 30% every 10 days, and more than doubled per month. No company on earth can achieve this objective for one year. So 0.0005 - 0.0006 is definitely not the right price, unless you believe the network hashing rate will stop increasing exponentially in a couple of months.

If "no company on earth can achieve this objective" then actually the difficulty cannot continue to increase at this rate. Eventually every mining op will hit a wall, and what happens then is... the difficulty stops increasing at that rate.

[BitThink]

Yes, you are right. The hashing rate will stop at some point, but most likely not just a couple of months away. Even if we assume it is only 6 months later, it means dividend will becomes 1/64 of current value, or they have to increase the hashing rate to 640T to keep the current dividend. To me, none of these assumptions is realistic. Difficulty will not stop increasing after 6 months, and labcoin hashing rate will not exceed 50 TH in 6 months, because that's all they can buy with the IPO money.

[Ytterbium]

Yes, you are right. The hashing rate will stop at some point, but most likely not just a couple of months away. Even if we assume it is only 6 months later, it means dividend will becomes 1/64 of current value, or they have to increase the hashing rate to 640T to keep the current dividend. To me, none of these assumptions is realistic. Difficulty will not stop increasing after 6 months, and labcoin hashing rate will not exceed 50 TH in 6 months, because that's all they can buy with the IPO money.

There announced plan was 500Th/s.  Given the price increase in BTC, the 3000(?) BTC they supposedly have left are worth something like $540,000.  If he could get the marginal cost to $1.08/Gh/s it's doable. Of course, that would require he had some sort of competence.

It's not out of the question given the current funding if he can get his act together.