[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 216.

Bitcycle

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Quote from: velacreations on September 23, 2013, 06:01:54 PM

Quote from: kingcrimson on September 23, 2013, 05:56:38 PM

I think them wiping out the order book made people mistakenly believe everyone panic sold down to sub-IPO. Definitely cheap at this point (as long as the hashing is legit)

but the hashing hasn't improved, and they are still severely behind schedule. Read some of the discussion yesterday about what their share price would actually be worth IF they are able to achieve even 1% of the network (hint: .002 per share). Currently, they have .06% of the network.

YAAAAAAAAAAAAAAWWWWWWWWWWWNNNNNNNNNN

Seriously, dude.

velacreations

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Quote from: kingcrimson on September 23, 2013, 05:56:38 PM

I think them wiping out the order book made people mistakenly believe everyone panic sold down to sub-IPO. Definitely cheap at this point (as long as the hashing is legit)

but the hashing hasn't improved, and they are still severely behind schedule. Read some of the discussion yesterday about what their share price would actually be worth IF they are able to achieve even 1% of the network (hint: .002 per share). Currently, they have .06% of the network.

EDIT: looking at the last few payments, it's clear that the hash rate did not improve, as Ytterbium had suggested. The reality of the situation is that the hash rate on the BTCGuild page is likely Labcoin's current hash rate.

NineLives

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Quote from: ShroomsKit on September 23, 2013, 04:43:04 PM

Quote from: NineLives on September 23, 2013, 04:17:07 PM

Hi guys,

Please can someone give me an update. I'm a bit lost to whats going on?

BTCT.co is closing so what happens to our shares?
I doubt I goto sell off before it closes so what do I need to do?

Can someone advise pls..

Ta..

Try reading the thread?

Dude, I've sat quiet a few times with your remarks and sarcasm on this forum and quite frankly, its annoying and childish.. Most of your sarcasm comes from assuming people are stupid. Well, your making your self sound like a tit. If you have nothing grownup to say then please don't say anything. Everyone has the right to ask questions even if its a noobie one!!!

kingcrimson

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I think them wiping out the order book made people mistakenly believe everyone panic sold down to sub-IPO. Definitely cheap at this point (as long as the hashing is legit)

Squirrel Dearing

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Merit: 250

Quote from: KCBitcoin on September 23, 2013, 05:39:36 PM

Quote

The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing. ALL share holders have the right to an equal share of dividends directly based on their ownerhsip.

so div/share = mining profit x 70-80% / 10,000,000

Thanks, now that you re-posted that I remember reading it a while back..

KCBitcoin

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Quote from: Squirrel Dearing on September 23, 2013, 05:36:51 PM

So quick question guys (from a noob). IF, (when?) dividends are paid.. Is the mining amount divided by 10 million if not - how do we tell how many shares it's divided by?

Quote

The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing. ALL share holders have the right to an equal share of dividends directly based on their ownerhsip.

so div/share = mining profit x 70-80% / 10,000,000

Squirrel Dearing

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Activity: 766

Merit: 250

So quick question guys (from a noob). IF, (when?) dividends are paid.. Is the mining amount divided by 10 million if not - how do we tell how many shares it's divided by?

[edit] BTCT says there are 10 mil outstanding.. But it also says 10 mil issued.[/edit]

pedrog

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Quote from: NineLives on September 23, 2013, 04:28:28 PM

Quote from: MaxSan on September 23, 2013, 04:26:15 PM

Quote from: NineLives on September 23, 2013, 04:17:07 PM

Hi guys,

Please can someone give me an update. I'm a bit lost to whats going on?

BTCT.co is closing so what happens to our shares?
I doubt I goto sell off before it closes so what do I need to do?

Can someone advise pls..

Ta..

Chill out, dont worry. Looks like swede is going to help em move to another security exchange. not sure on time frame (its labcoin, lets face it eh lol). until then shares will be paid direct from company. Could be a bit sketchy on times, hence why people are dumping.

Thanks for the update dude, appreciated.

Dumping is not a good idea, unless you've had enough lol.

Here:

Quote from: labcoin on September 23, 2013, 08:17:18 AM

All btct shares will be converted to direct shares ~~as soon as we receive official communication from Ethan Burnside~~ before 31 October.
Dividends will be paid regularly until the btct platform is available.
For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild, be patient.
We will also evaluate listing again on another exchange.

Quote from: TheSwede75 on September 23, 2013, 11:23:31 AM

UPDATE:

I just woke up to the information that BTCT.CO is "winding down" (Shutting down, I haven't even had time to read the full release or catch up on the information thread).

Burnside has previously informed the team (at listing) that complete ownership registry is kept up-to-date (as per previous discussions reg. direct shares), and while this obviously is something no one was expecting I expect all shares to be accounted for.

As to alternate listing, direct share conversion and other alternatives for share holders i currently have not had time to consider this yet but of course we will start working ASAP on a solution.

Zakryze

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Quote from: redbeans2012 on September 23, 2013, 04:45:17 PM

Quote from: ShroomsKit on September 23, 2013, 04:43:04 PM

Quote from: NineLives on September 23, 2013, 04:17:07 PM

Hi guys,

Please can someone give me an update. I'm a bit lost to whats going on?

BTCT.co is closing so what happens to our shares?
I doubt I goto sell off before it closes so what do I need to do?

Can someone advise pls..

Ta..

Try reading the thread?

Do you realize how many bullshit posts are in this thead?

yes thanks for your "contribution"

redbeans2012

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Activity: 887

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Quote from: ShroomsKit on September 23, 2013, 04:43:04 PM

Quote from: NineLives on September 23, 2013, 04:17:07 PM

Hi guys,

Please can someone give me an update. I'm a bit lost to whats going on?

BTCT.co is closing so what happens to our shares?
I doubt I goto sell off before it closes so what do I need to do?

Can someone advise pls..

Ta..

Try reading the thread?

Do you realize how many bullshit posts are in this thead?

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: NineLives on September 23, 2013, 04:17:07 PM

Hi guys,

Please can someone give me an update. I'm a bit lost to whats going on?

BTCT.co is closing so what happens to our shares?
I doubt I goto sell off before it closes so what do I need to do?

Can someone advise pls..

Ta..

Try reading the thread?

Ytterbium

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Activity: 238

Merit: 100

Quote from: velacreations on September 23, 2013, 04:25:09 PM

Quote from: Ytterbium on September 23, 2013, 03:29:05 PM

If there had been a 0 payment at 18:07, the four-payment sliding window would be 981.6594931
Gh/s Not "~850"

the average of those 4 payments (including the 0 payment) is just under .15/h.

you're right, I should have done the math myself. Instead, I just used your figure:

Quote from: Ytterbium on September 23, 2013, 12:31:18 PM

0.15/h comes out to 830Gh/s

There wasn't actually a zero payment, it was a hypothetical you posited in one comment. Theoretically there could have been a payment of 0.00001 or something like that. But there wasn't.

Four period payment window means an average of the hashrate per unit of time over the last four payments. Sometimes that's less that an hour, sometimes it's more.

The longest gap was 21 hours - between 9/19/2013 17:17 and 9/20/2013 14:17, during which time they averaged 140Ghs, and the sliding window was 188Gh/s. (And the one before that was 10 hours)

Most of the early payments weren't every hour.

NineLives

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Activity: 252

Merit: 250

Quote from: MaxSan on September 23, 2013, 04:26:15 PM

Quote from: NineLives on September 23, 2013, 04:17:07 PM

Hi guys,

Please can someone give me an update. I'm a bit lost to whats going on?

BTCT.co is closing so what happens to our shares?
I doubt I goto sell off before it closes so what do I need to do?

Can someone advise pls..

Ta..

Chill out, dont worry. Looks like swede is going to help em move to another security exchange. not sure on time frame (its labcoin, lets face it eh lol). until then shares will be paid direct from company. Could be a bit sketchy on times, hence why people are dumping.

Thanks for the update dude, appreciated.

Dumping is not a good idea, unless you've had enough lol.

MaxSan

sr. member

Activity: 369

Merit: 250

Quote from: NineLives on September 23, 2013, 04:17:07 PM

Hi guys,

Please can someone give me an update. I'm a bit lost to whats going on?

BTCT.co is closing so what happens to our shares?
I doubt I goto sell off before it closes so what do I need to do?

Can someone advise pls..

Ta..

Chill out, dont worry. Looks like swede is going to help em move to another security exchange. not sure on time frame (its labcoin, lets face it eh lol). until then shares will be paid direct from company. Could be a bit sketchy on times, hence why people are dumping.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: Ytterbium on September 23, 2013, 03:29:05 PM

If there had been a 0 payment at 18:07, the four-payment sliding window would be 981.6594931
Gh/s Not "~850"

the average of those 4 payments (including the 0 payment) is just under .15/h.

you're right, I should have done the math myself. Instead, I just used your figure:

Quote from: Ytterbium on September 23, 2013, 12:31:18 PM

0.15/h comes out to 830Gh/s

regardless, the trend is towards 0.15/h

Ytterbium

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Quote from: velacreations on September 23, 2013, 04:14:03 PM

Quote from: Ytterbium on September 23, 2013, 12:31:18 PM

0.15/h comes out to 830Gh/s, which is their current team rate.

I should be more clear, 740 is their team rate. If they leave it on manual there will be gaps every once in a while (theoretically about once every 7 hours, I think).

NineLives

sr. member

Activity: 252

Merit: 250

Hi guys,

Please can someone give me an update. I'm a bit lost to whats going on?

BTCT.co is closing so what happens to our shares?
I doubt I goto sell off before it closes so what do I need to do?

Can someone advise pls..

Ta..

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: Ytterbium on September 23, 2013, 12:31:18 PM

0.15/h comes out to 830Gh/s, which is their current team rate.

KCBitcoin

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hmm, another .15

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: tucenaber on September 23, 2013, 04:04:14 PM

Oh please. I know mathematics very well thank you. But do you ever shut up?

Not really.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 216. (Read 1079974 times)