[CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated

[well.attenuated]

Labcoin is still valued at a large premium for the mining sector: P/B = 7

https://bitcointalk.org/index.php?topic=263445.msg3428138#msg3428138

If they can actually bring 100TH (at least 70TH) online within this difficulty, they will bring book value up and could hold their current share price, otherwise they may never catch up and we could move to 0.0000X territory.

[1714900589]

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[1714900589]

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[tinyfox266]

In CRYPTOSTOCKS, we pay 0.01BTC for each withdraw, but it pays no transaction fee which causes the delay of the confirmation. This is really really terrible!

[Ytterbium]

Labcoin is still valued at a large premium for the mining sector: P/B = 7

https://bitcointalk.org/index.php?topic=263445.msg3428138#msg3428138

If they can actually bring 100TH (at least 70TH) online within this difficulty, they will bring book value up and could hold their current share price, otherwise they may never catch up and we could move to 0.0000X territory.

Except for the fact that's not actually possible on cryptostocks.

[Bitcycle]

Price is slowly drifting down despite dividends.  The current hashrate isn't enough, and with no clear plans for the future, even the people who stuck with it this long want out.

What happened to those additional 100,000 chips claimed he ordered?  Will more hashing be deployed?  When?  The rate hasn't increased since the guest account was posted.  why not?  What happened to the claim of adding hashing daily?

You'd think Sam would care, he's making thousands a week off his share of the dividends.   Not that he's earned it.

We do believe in what we are doing and we will continue with the usual energy and dedication.
Again, advice for those who are holding is to wait until 30/10/2013 to take any final decision, those interested in acquiring
shares should just take advantage of the current cheap prices.

Getting close to final decision time, Sammy! 

What do you think we should decide, finally?

[JohnyBigs]

At these prices Return on Investment is 3-6 months at current hash-rate. Are you guys seriously complaining about this? Let me guess you want returns of 2 weeks? My some people sure are greedy lol.

[Alphi]

At these prices Return on Investment is 3-6 months at current hash-rate. Are you guys seriously complaining about this? Let me guess you want returns of 2 weeks? My some people sure are greedy lol.

do you not understand that at the current hash rate.. the divs will halve every month?... and therefore in order to get a ROI in 3-6 months the hash rate needs to double EVERY month...

I think some people really struggle with the idea of compound growth..

allow me to spell it out for those who cant quite grasp the concept..

10TH  deployed this month, 20TH next month, 40TH the month after just to keep the dividends stable.

so 70TH by chistmas and then another 70TH by the end of january... now do you see the problem?


sure the bitcoin network total hash rate growth has to slow down at some point but as yet there is absolutely no sign of that happening any time soon...

I theorise that we will only see a significant drop in hash rate growth when we finally reach the mass saturation stage of 22nm or 14nm ASICS.. in other words.. when we get to a point where it becomes cost prohibitive to produce smaller nm ASICS then this madness of doubling the difficulty every month or so will end and we should move to a growth pace similar to moors law (ie a doubling every 12 to 18 months)

[alphaking]

At these prices Return on Investment is 3-6 months at current hash-rate. Are you guys seriously complaining about this? Let me guess you want returns of 2 weeks? My some people sure are greedy lol.

do you not understand that at the current hash rate.. the divs will halve every month?... and therefore in order to get a ROI in 3-6 months the hash rate needs to double EVERY month...

I think some people really struggle with the idea of compound growth..

allow me to spell it out for those who cant quite grasp the concept..

10TH  deployed this month, 20TH next month, 40TH the month after just to keep the dividends stable.

so 70TH by chistmas and then another 70TH by the end of january... now do you see the problem?


sure the bitcoin network total hash rate growth has to slow down at some point but as yet there is absolutely no sign of that happening any time soon...

I theorise that we will only see a significant drop in hash rate growth when we finally reach the mass saturation stage of 22nm or 14nm ASICS.. in other words.. when we get to a point where it becomes cost prohibitive to produce smaller nm ASICS then this madness of doubling the difficulty every month or so will end and we should move to a growth pace similar to moors law (ie a doubling every 12 to 18 months)

Precisely, the hash rate now is ~9TH. And it keeps decreasing.
No more deployment. The deployed chips may burn out some day.

[SebastianJu]

At these prices Return on Investment is 3-6 months at current hash-rate. Are you guys seriously complaining about this? Let me guess you want returns of 2 weeks? My some people sure are greedy lol.

Your assumption only would be right if the diff wouldnt grow anymore from now on. Use: http://mining.thegenesisblock.com/

[talnted]

Creating an account on Crypto stocks does not seem to work...

[radiumsoup]

Creating an account on Crypto stocks does not seem to work...

It might be easier to just go ahead and list a security there. They don't even require you to verify your email address.

[Bitcycle]

Well Sammy, it's past noon on 30 October, so let's do some final judging, what do you say?

So far as you claim, you've spent over 3500 btc.  That's a good chunk of money.  We don't know where it went, not one satoshi of it, because you haven't told us.

We know what it's gotten us.  At peak it got us about 9.2 th of hashing.  Not 10, as has been claimed, but 9.2,  Not the 20 you promised us by this date, but 9.2.  9.2 is less than half of 20, Sammy, if you didn't notice.  What happened to the rest of it?  Why did you fail?

Of course, we don't even have 9.2 th now.  The rate is not only *not* increasing, it's going down.  What's up with that, Sammy?  Any explanation?

So you claim to have spent 3500 btc on 9.2 th.   If that was true, you're the worst businessman in bitcoin history. 

But I don''t know that we should believe it. We have no evidence that's where the money went.

I'm thinking our 'final judgement' might be that we have someone look into it.  Maybe the authorities, since you're not forthcoming.

What do you think, Sammy?  Does your story even make sense to you?

[hobbymd]

I would rather see sammy in jail than get my money back or any worthless divs. Can't wait to the day I hear the dreaded pirate sammy was picked up by authorities in HK and is now serving a jail sentence 

[E.Sam]

I would rather see sammy in jail than get my money back or any worthless divs. Can't wait to the day I hear the dreaded pirate sammy was picked up by authorities in HK and is now serving a jail sentence 

I hate to say this but +1

[AtlasONo]

I am working to deploy 100th of legal power against Labcoin by December 31st of this year.


To contribute to this effort and to get inside information about these legal proceedings please donate to: 1PK6Y6L8yPrR8v2Jo6fZxudG5fpEwiXitH

[JohnyBigs]

I am working to deploy 100th of legal power against Labcoin by December 31st of this year.


To contribute to this effort and to get inside information about these legal proceedings please donate to: 1PK6Y6L8yPrR8v2Jo6fZxudG5fpEwiXitH

I hope by legal powers you mean HK police. As if you decide to sue them, then good luck getting anything back as they will waste whatever is left defending themselves, then everybody loses.

[well.attenuated]

I am working to deploy 100th of legal power against Labcoin by December 31st of this year.


To contribute to this effort and to get inside information about these legal proceedings please donate to: 1PK6Y6L8yPrR8v2Jo6fZxudG5fpEwiXitH

We are a legitimate legal force.  We will be posting updates by the end of the day Tuesday - aka the end of the day tomorrow - aka 2 weeks - aka mid December.  In the meanwhile you can see the 100TH of legal power come online on our website which will be updated to show the live legal rate.   We will be adding legal power daily - it is just currently having some stability problems - or maybe we will just ask our uncle to represent us in 2 months. We encourage everyone to take advantage of cheap shares in this 100TH of legal power.

Amazing Legal Team!

[hobbymd]

I am working to deploy 100th of legal power against Labcoin by December 31st of this year.


To contribute to this effort and to get inside information about these legal proceedings please donate to: 1PK6Y6L8yPrR8v2Jo6fZxudG5fpEwiXitH

We are a legitimate legal force.  We will be posting updates by the end of the day Tuesday - aka the end of the day tomorrow - aka 2 weeks - aka mid December.  In the meanwhile you can see the 100TH of legal power come online on our website which will be updated to show the live legal rate.   We will be adding legal power daily - it is just currently having some stability problems - or maybe we will just ask our uncle to represent us in 2 months. We encourage everyone to take advantage of cheap shares in this 100TH of legal power.

Amazing Legal Team!

oh please make sure you don't forget to point that 100th of legal power to where the sun doesn't shine in relation to our dear sammy . this is to make sure we get consistent hashing rate and efficiency   

[BitSugar]

I would rather see sammy in jail than get my money back or any worthless divs. Can't wait to the day I hear the dreaded pirate sammy was picked up by authorities in HK and is now serving a jail sentence 

I hate to say this but +1

You people are aimless. You just want to cause suffering & you are most likely very unhappy people day to day, regardless of Labcoin.

Keep hating and you just might waste even more of your life on situations where your desired outcome is pointless for you long-term. Way to live life as an all around loser.

[hobbymd]

I would rather see sammy in jail than get my money back or any worthless divs. Can't wait to the day I hear the dreaded pirate sammy was picked up by authorities in HK and is now serving a jail sentence 

I hate to say this but +1

You people are aimless. You just want to cause suffering & you are most likely very unhappy people day to day, regardless of Labcoin.

Keep hating and you just might waste even more of your life on situations where your desired outcome is pointless for you long-term. Way to live life as an all around loser.

lol it's called writing it off as a loss and moving on!!!

 you still waiting for the long-term prospect of this clown operation ??   I was where you are right now a month ago, supporting the dreaded sammy's operation hoping something will come out of it!!! I have lost the count of promises he literally fucked up and quite frankly I don't care it any more about what he is going to say next!!!

I'm personally happy with a mug shot of sammy/fabi/alberto or whoever the fcuk is involved in this scam.

[hobbymd]

couldn't resist it 

found a picture of " sammy & CO " discussing the long-term prospect of labcoin mining and it's 2nd generation chips.....   

Please stay tuned for updates to follow soon by our nominee director Sam Noi