Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 204. (Read 1079974 times)

They'd still need to keep up with that, though.  Right now they can't even keep their rank on btcguild.

That link shows the last payment was almost 4 hours ago.

What calculations would they be?


It clearly does, otherwise you wouldn't be claiming they're overpriced and the shares would be selling for what you claim they're worth. What about before they started hashing? Were shares worth 0?


They've stated that they plan on bringing 500 Th/s online by the end of the year. That is a valid possibility. If they did and they controlled 5% of the network, then the network hash rate would be 10 Ph/s. I think it's more likely that Labcoin will have 500 Th/s online than the network will be at 10 Ph/s by the end of the year. If the network was at 5 Ph/s then LC would need 250 Th/s. If they get their problems sorted and hit their targets they'll have around 200 Th/s in November.

That's their plan and it certainly a possibility, to claim otherwise is just silly. Sure there are risks, that's why the price is not more than 0.06 BTC/share already.

Drying up? Can you elaborate? At least every hour the payment is sent to their wallet..

They don't seem to be hashing.   

^

Wish the divs came last week before all the problems with BTCT  I want a new home for my Labcoin shares

Yay.. Div pay

I'm happy.

Hope they keep up.

It certainly does.

You mean, if they do an armed robbery on Cointerra's assembly house? No, not even then.
Them getting 400TH or 100000 of their mystery 130nm chips up and running and burning through at least  1.5MW?  Then double that every month for a few months?
Nah, dont see that happening either.

Anyway what's happening with the payments drying up

AM has produced 250+ TH and has been in operation for over a year. 
Labcoin has produced .8 TH and is currently behind schedule. 
There is no way you can compare them like that.

Your own calculations show that @1% of the network, Labcoin is worth .002 per share @ 50% APR. Labcoin currently has less than .06% of the network.  That puts their value at .00012 per share (best case scenario).  At their current situation, they certainly don't deserve 50% APR.

The market does not place value on what is promised, especially with securities, like Labcoin, that have failed to meet their promises.  AM plans to launch 500 TH/s in OCTOBER.  They plan to sell most of that, bringing in at least another 50K-100K btc in revenue for the next 8 weeks. By your reasoning, AM is severely UNDERVALUED, because of what they promise to do.

But, as you can see, the market does not value securities like that.  They can only be valued based on what they are actually achieving, and in the case of Labcoin, they are underachieving and over promising.  AM is the exact opposite.

no, not a chance.  They will be lucky to reach 1% by the end of the year.   They have failed to meet any of their hashing goals, so I don't know why anyone would assume that they would meet a lofty goal like 5% of the network within a few months.

If they reach 1% by the beginning of Nov, they MIGHT be able to achieve 3% by the end of the year, but that's a big MIGHT.

I appreciate that you can't disagree with my math, but it's misleading to try and compare value of a mature mining company who has delivered hundreds of TH to one that hasn't delivered anything (and has repeatedly lied, missed deadlines, misled shareholders and broken dozens of promises).

I think a security that currently has 0.06% of the network and plans on greatly increasing their network share to around 5% by the end of the year has a lot of potential. People recognise and value that potential.

With AM at 1.68 BTC/share, if LC was equally as profitable, it would be worth 0.0672 BTC per share.

400,000 AM shares
10,000,000 LC shares
10,000,000 / 400,000 = 25

AM share price = 1.68 BTC/share
LC share price = 1.68 / 25 = 0.0672 BTC/share

AM had around 5%-6% of the network at the time according to asicminercharts.com. So if LC controlled 5% of the network would you agree that it would be worth around 0.06 BTC/share?

Would you agree that LC has the potential to control 5% of the network by the end of the year?

Another update would be nice

velacreations you are boring...

They are hashing, It's just not showing up because they're less then 640Gh/s and their rank is less then 25.  Probably they're at #26 or 27.

Perhaps more hardware issues or something.

WHY ARE YOU STILL HERE?

do you guys remember this from page 1 of this thread: https://bitcointalksearch.org/topic/labcoin-ipo-btctco-detailsfaq-and-discussion-asic-devsalesmining-263445



Now, granted, this week LC saw more than just mining revenue, but that won't last.

so what is the story with you? I'm interested to know why you are such an angry little Internet warrior

So, let me ask you this.  What would be the value of a company that has produced 250+ TH of ASIC mining equipment?  And then, using your same analysis, what is the value of a company that has produced .8 TH?

Things work a bit differently in the bitcoin world. You cant compare Microsoft or Apple to AsicMiner and/or Labcoin.  Maybe after the economy has matured, you might be able to do that.