at what point does it become more cost effective to just get someone else that can do the job to do it.
After you got the IPO money.
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 200. (Read 1079974 times)
September 25, 2013, 02:22:40 AM
After you got the IPO money.
September 25, 2013, 02:22:22 AM
So it seems their 20TH will just suddenly be there at the end of next week, cause they've said that is 'a promise will not miss'. I really think they need to find another engineering team.
Seriously. I understand it takes a specific skill set to get these miners going, but at what point does it become more cost effective to just get someone else that can do the job to do it. Maybe they secretly have like 15Th going, and are just working on the last bit...but i doubt that's the case.
It is even worse if they are mining secretly with 15TH now. It means they are dishonest and stealing money from the investors. Therefore, unfortunately the case that they have failed to solve the stability problem again is already the best scenario. They've mentioned out-sourcing the assembly in previous updates. But now the problem is not that the assembly is slow, but even the one worked before stops working now.
September 25, 2013, 02:16:21 AM
So it seems their 20TH will just suddenly be there at the end of next week, cause they've said that is 'a promise will not miss'. I really think they need to find another engineering team.
Seriously. I understand it takes a specific skill set to get these miners going, but at what point does it become more cost effective to just get someone else that can do the job to do it. Maybe they secretly have like 15Th going, and are just working on the last bit...but i doubt that's the case.
September 25, 2013, 02:15:12 AM
we should do a motion like what Deprived did for his assets.
https://btct.co/security/DMS.SELLING (tab#5)
https://btct.co/security/DMS.SELLING (tab#5)
This is a good idea. The sooner the better
September 25, 2013, 02:12:13 AM
we should do a motion like what Deprived did for his assets.
https://btct.co/security/DMS.SELLING (tab#5)
https://btct.co/security/DMS.SELLING (tab#5)
September 25, 2013, 01:49:36 AM
So it seems their 20TH will just suddenly be there at the end of next week, cause they've said that is 'a promise will not miss'. I really think they need to find another engineering team.
September 25, 2013, 01:45:19 AM
There's no reason for them to change mining address in their testing, since the address was posted exactly for us to monitor the hashing rate.
September 25, 2013, 01:23:32 AM
@KCBitcoin if i was going to speculate on secret cover names i would go with "0 China BTC". I don't remember seeing them, they have a slightly higher hash-rate, and appear to be new-ish in terms of not being listed on all time most shares found.
In the spirit of wild speculation.
In the spirit of wild speculation.
September 25, 2013, 01:22:59 AM
*Pure Speculation*
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
TestTeam is listed under top all time shares found. It can't be Labcoin.
They need a better name I think the test succeeded
September 25, 2013, 01:19:15 AM
*Pure Speculation*
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
TestTeam is listed under top all time shares found. It can't be Labcoin.
it may be BFL testing team
September 25, 2013, 01:15:36 AM
*Pure Speculation*
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
TestTeam is listed under top all time shares found. It can't be Labcoin.
September 25, 2013, 01:09:45 AM
*Pure Speculation*
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
TestTeam is listed under top all time shares found. It can't be Labcoin.
September 25, 2013, 01:02:49 AM
*Pure Speculation*
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
They were there before LC dropped off the list. I can't say they're not related, but they were there.
Even if it was LC mining, it's not reflected in the mining wallet.
September 25, 2013, 12:56:04 AM
Bitfunder has the most traffic and volume, if you want your shares to be worth less then list somewhere else.
This is the main reason to list on Bitfunder. The share value will be higher there due to greater liquidity.
It's worth whatever amount of time and effort they need to put into it. The effort will pay itself back for them many, many times over.
September 25, 2013, 12:55:38 AM
*Pure Speculation*
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
anyone noticed "TestTeam" @ rank 15 on BTCGuild?
http://www.btcguild.com/index.php?page=rankings§ion=teams
were they there before or are they new?
September 25, 2013, 12:52:45 AM
Bitfunder has the most traffic and volume, if you want your shares to be worth less then list somewhere else.
Agree. September 25, 2013, 12:49:25 AM
Bitfunder has the most traffic and volume, if you want your shares to be worth less then list somewhere else.
September 25, 2013, 12:47:58 AM
The last payout interval is 5 hours (UTC 18:17 - UTC 23:07). Now is 3 hours after the last payment (UTC 2:12). It seems the hashing rate has decreased a lot. Now it's less than 250GH. What happened? There's no daily adding, but daily decreasing?
Welcome to Labcoin.
You better sell your shares. Labcoin is winding down and we all know what that means...FUDFUDFUD
I think the price is low enough, FUD is not so meaningful now.
September 25, 2013, 12:42:44 AM
The last payout interval is 5 hours (UTC 18:17 - UTC 23:07). Now is 3 hours after the last payment (UTC 2:12). It seems the hashing rate has decreased a lot. Now it's less than 250GH. What happened? There's no daily adding, but daily decreasing?
Welcome to Labcoin.
You better sell your shares. Labcoin is winding down and we all know what that means...FUDFUDFUD
September 25, 2013, 12:39:59 AM
As much as I hate weexchange I'd have to vote bitfunder.
not like labcoin cares about their shareholders' voteThis is not a real update on anything that concerns the future of Labcoin but I figure sometimes just showing up is a good thing.
Me and Sam have been in close contact today and we are evaluating marketplaces for listing. So far we are looking at any possibilities including havelock (that already have a pass through listed), Bitfunder and even 796 (a Hong Kong based exchange), as well as running the shares as "direct shares" as per the ASICMINER model.
We are aware that the up coming closure of BTCT is a major event and besides hash rate increase this is something that we are working on finding the best possible solution to.
As the process matures we will post more information and likely ask for share holder input on listing place etc. we are however very confident that Burnside has records of share holders and holding as we will be making a decision on a new marketplace well in time before the final closure of BTCT.co.
Me and Sam have been in close contact today and we are evaluating marketplaces for listing. So far we are looking at any possibilities including havelock (that already have a pass through listed), Bitfunder and even 796 (a Hong Kong based exchange), as well as running the shares as "direct shares" as per the ASICMINER model.
We are aware that the up coming closure of BTCT is a major event and besides hash rate increase this is something that we are working on finding the best possible solution to.
As the process matures we will post more information and likely ask for share holder input on listing place etc. we are however very confident that Burnside has records of share holders and holding as we will be making a decision on a new marketplace well in time before the final closure of BTCT.co.
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