Topic: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated - page 60. (Read 96854 times)

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?

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

thanks~!

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.

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?

He's not where the miners are.

Great suggestion.

Can someone do a countdown to when trading officially beings

Agreed!

According to the blog written by CEO of 796, there are only 2005666 shares left under "[email protected]".
Can you explain this?

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

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.

About half of the initial 7000.

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.

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

There's a lot of confusion, we don't control those addresses. Keep the conversation relevant. Thanks

Sam, can you provide any response to the Just-Dice deposits referenced by Dooglas?

https://bitcointalksearch.org/topic/m.3357150

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?

Q:How many of the 20,000 chips in hand still remain to be deployed?
A:More than 60%
Q:On what date will all chips in hand be deployed?
A:To be determined
Q:What are the approximate running costs, per board or per terahash, of outsourcing and hosting (electricity, etc.)?
A:Did not run proper calculations yet
Q:Are the current chips profitable right now at the current difficulty? If so, what is the current profit margin?
A:Yes they are.
Q:What is the status of the next batch of chips? (the 130nm ones promised to use a thermally superior package)
A:We are considering a next batch.
Q:What is the status of the 65nm design? If it's still on hold, do you have anyone under contract to complete the design?
A:We are evaluating the candidates for this task.
Q:Have you secured exclusive access to the bitcoin wallet for IPO funds yet from Fabrizio? (If so, what address?)
A:Yes, address will be disclosed later
Q:When will you be in Shenzen next?
A:End of October.
Q:The network difficulty has risen 40% in the last few days, and is expected to rise sharply again in less than 12 days. Can you achieve 1% of global hashrate before the next difficulty change, and can you maintain that rate in the future?
A:Did not run proper calculations yet
Q:There have been a number of well-funded competing ASIC designers now producing real hardware, and difficulty is expected to continue rising at record high levels for the foreseeable future. At what difficulty will the existing Labcoin chips cease to be profitable given the known power and hosting costs?
A:Did not run proper calculations yet