[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 19.

radiumsoup

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Quote from: Ytterbium on October 27, 2013, 08:36:32 PM

Yeah, but ASICMiner is valued based on future expected growth. Supposedly they have a 40nm chip on the way. You can buy pure hashrate on cex.io. at 0.0998 BTC/Gh. If you valued labcoin on pure Gh/s it would only be worth 0.000099. They really do need to hit their target of 50Th/s by the end of the month to justify their price. And realistically, they still need to hit 500TH/s by the end of the year to have any realistic chance of having any value.

The only reason it's priced where it is likely due to the inability to set asks and bid prices with more then 4 decimal places on Cryptostocks.

This, exactly this, and many times over.

jimmothy

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Quote from: Ytterbium on October 27, 2013, 08:36:32 PM

Yeah, but ASICMiner is valued based on future expected growth. Supposedly they have a 40nm chip on the way. You can buy pure hashrate on cex.io. at 0.0998 BTC/Gh. If you valued labcoin on pure Gh/s it would only be worth 0.000099. They really do need to hit their target of 50Th/s by the end of the month to justify their price. And realistically, they still need to hit 500TH/s by the end of the year to have any realistic chance of having any value.

The only reason it's priced where it is likely due to the inability to set asks and bid prices with more then 4 decimal places on Cryptostocks.

I think the fact that AM has much more money (if labcoin has half of the 7200 btc from IPO) means they will probably be able to put more money in to mining devices but if labcoin truly using home made efficient asics it's possible they grow as well.

Ytterbium

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Quote from: jimmothy on October 27, 2013, 06:48:33 PM

Quote from: BitSugar on October 27, 2013, 06:32:34 PM

Thank you for posting this!

So right now we are 1/4 -1/8 as powerful as asicminerhttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0 .

What would that put Labcoin share prices at if they were valued relative to Asicminer shares?

Ill try to math here even though it is really not reasonable to compare the two (asicminer also has asic sales which add to dividends):

since for AM you need 8 shares to equal 1gh @ 50th/s (400,000 shares) so at 0.5 per share that is about 4 btc per gh/s

with labcoin you need 1000 shares to equal 1gh @ 10th/s (10,000,000 shares) with each share being 0.0003 per share so 0.3 btc per gh/s with labcoin

So theoretically if labcoin was valued at 4 btc per gh/s it would be worth 0.004 btc per share.

Yeah, but ASICMiner is valued based on future expected growth. Supposedly they have a 40nm chip on the way. You can buy pure hashrate on cex.io. at 0.0998 BTC/Gh. If you valued labcoin on pure Gh/s it would only be worth 0.000099. They really do need to hit their target of 50Th/s by the end of the month to justify their price. And realistically, they still need to hit 500TH/s by the end of the year to have any realistic chance of having any value.

The only reason it's priced where it is likely due to the inability to set asks and bid prices with more then 4 decimal places on Cryptostocks.

jimmothy

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Quote from: BitSugar on October 27, 2013, 06:32:34 PM

Thank you for posting this!

So right now we are 1/4 -1/8 as powerful as asicminerhttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0 .

What would that put Labcoin share prices at if they were valued relative to Asicminer shares?

Ill try to math here even though it is really not reasonable to compare the two (asicminer also has asic sales which add to dividends):

since for AM you need 8 shares to equal 1gh @ 50th/s (400,000 shares) so at 0.5 per share that is about 4 btc per gh/s

with labcoin you need 1000 shares to equal 1gh @ 10th/s (10,000,000 shares) with each share being 0.0003 per share so 0.3 btc per gh/s with labcoin

So theoretically if labcoin was valued at 4 btc per gh/s it would be worth 0.004 btc per share.

dhenson

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Quote from: BitSugar on October 27, 2013, 06:32:34 PM

Thank you for posting this!

So right now we are 1/4 -1/8 as powerful as asicminerhttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0 .

What would that put Labcoin share prices at if they were valued relative to Asicminer shares?

Labcoin has 25x more shares. Value parity would be .024/ share making 1/8th value .003.

BitSugar

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Quote from: BitSugar on October 27, 2013, 06:32:34 PM

Thank you for posting this!

So right now we are 1/4 -1/8 as powerful as asicminerhttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0 .

What would that put Labcoin share prices at if they were valued relative to Asicminer shares?

"
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
"

BitSugar

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Thank you for posting this!

So right now we are 1/4 -1/8 as powerful as asicminerhttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0 .

What would that put Labcoin share prices at if they were valued relative to Asicminer shares?

hammurabi

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Quote from: hammurabi on October 27, 2013, 09:24:35 AM

Quote from: Sou on October 27, 2013, 03:42:17 AM

Quote from: BitCsByBit on October 27, 2013, 02:56:31 AM

Quote from: Bitcycle on October 27, 2013, 02:40:48 AM

Quote from: dhenson on October 27, 2013, 12:58:24 AM

Quote from: hammurabi on October 27, 2013, 12:21:02 AM

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

Quote from: KnCMiningOp on October 26, 2013, 09:51:02 PM

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:

Quote from: labcoin on October 17, 2013, 08:36:10 AM

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

Quote from: TheSwede75 on October 16, 2013, 05:28:55 PM

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.

bobboooiie

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Quote from: drawingthesun on October 27, 2013, 09:54:23 AM

I wonder why images of the miners are still unavailable?

I am sure they could fake a rig if they really wanted to...

You cant fake shit with internet full of detectives!

drawingthesun

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I wonder why images of the miners are still unavailable?

I am sure they could fake a rig if they really wanted to...

crumbs

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Quote from: jeffshed on October 27, 2013, 09:17:03 AM

well this is good news Grin

now it's down to only 90-95%scam territory

pictures might bring it down to 50% but are we likely to see pictures?

no..... Embarrassed

YES! Labotomy Dominator^tm miner pic sneeked from Sam's secrit lab:

jeffshed

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well this is good news Grin

now it's down to only 90-95%scam territory

pictures might bring it down to 50% but are we likely to see pictures?

no..... Embarrassed

mumung

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Quote from: dexX7 on October 26, 2013, 04:25:43 PM

Quote from: mumung on October 26, 2013, 04:20:10 PM

All I see is 1.2 TH in the last 5 minutes on ghash.io and not 10TH.

Refresh.

I see. thx

dexX7

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Quote from: mumung on October 26, 2013, 04:20:10 PM

All I see is 1.2 TH in the last 5 minutes on ghash.io and not 10TH.

Refresh.

mumung

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All I see is 1.2 TH in the last 5 minutes on ghash.io and not 10TH.

Duffer1

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Quote from: labcoin on October 26, 2013, 04:09:43 PM

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

Good news. Where's the rest? You've promised, and we paid for, a mountain, but all I see is a small hill.

silvermario

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Quote from: labcoin on October 26, 2013, 04:09:43 PM

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

It doesn't matter now, prepare your ass for a long time in jail.

labcoin

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Labcoin.com

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

radiumsoup

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Quote from: SebastianJu on October 26, 2013, 10:57:40 AM

Though one cant do endless buy hashpower since the remaining bitcoins are limited. But of course it might be a way to buy time. Either to run away and destroy traces or in the hope to finally build something.

Exactly

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

Quote from: radiumsoup on October 26, 2013, 10:34:35 AM

Quote from: JimiQ84 on October 25, 2013, 01:51:03 AM

Quote from: ?? on ??

Well the 600 GH/s on Eligius is the older fake mining provided by their Avalons.
The others are bought on cex.io.

NB: This is based on no evidence, and thus is FUD. Since it seems no one here understand what FUD is, I'm starting to teach you how to internet.

How do you explain 3TH spikes on eligius?

If I were cynical, I'd explain it by saing you could buy some ASIC hardware, hash for a few days while jumping between two accounts (one for labcoin and one for your pocket) in order to feign problems with the pool, pretend to need to move to an "asic-ready" pool like ghash.io that doesn't have public hashrate transparency, sell the hardware at a profit, buy hashrate from cex.io, and pay dividends from the purchased hashrate.

If I were cynical.

Though one cant do endless buy hashpower since the remaining bitcoins are limited. But of course it might be a way to buy time. Either to run away and destroy traces or in the hope to finally build something.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 19. (Read 1079974 times)