Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 246. (Read 1079974 times)

It all boils down to whether this hash rate will increase in the next few days or not... someone could have bought Avalons bla bla bla, but would be extremely hard to do that all the way to 50TH/s...

Cheers for that scooby doo and the mystery gang, i'm still holding on to my labcoin stock

First Asics in space! To the moon!

So, we have some contract issues here? Btw, I love the new warning.

TheSeven exists. He is just not doing anything important for labcoin. Im even willing to believe "howard wang" also exists (well, countless of them exist, its like the chinese John Doe), even though I cant find anyone on linkedin that would be a match. What is  clear the two arent even talking to each other, so how that constitutes a team is beyond me.

Here is my guess; the Howard Wang story may well be accurate. Its certainly feasible someone at a university would have access to the equipment and tools needed to make a rudimentary bitcoin asic on an old 130nm process and come up with a design in his free time. Upon learning about that,  theswede set out to capitalize on that and launched his IPO.  130nm asics arent very profitable, so he invented a "Rev2" to make his IPO look more lucrative. The 65nm chip cant possibly be made by Howard wang because his university doesnt have a 65nm fab.

Now the 130nm "hobby asic" isnt working, no one is pouring in the resources needed to make it work (assuming the problems are even fixable), still seems a one person venture. So theswede used his IPO money to buy some off the shelve hardware, be it avalon and/or bitfurry and is now claiming thats his 130nm chip. Actually, he isnt even claiming that, he is merely inferring it and lets others draw that conclusion.

To keep up the charade of a future rev2 65nm chip, he contracted 7 and asked him to do some work on it. 7 is apparently only working on the chip IO HDL, but doesnt know what process will be used, doesnt know who if anyone is actually designing the hashing engine, doesnt think he himself is up to the job,  didnt even know there was a dysfunctional rev1 and doesnt seem very convinced this 65nm chip will ever materialize.

But now that some avalons/BF's are hashing, somehow people believe that this is a goldmine.
Best of luck folks.

back up to 771.21 GH/s now.

They should ignore the haters. They're going to spread nonsense no matter what. Reacting to them just means giving them more control.

I think it's funny that the swede who has had such a hard time contacting his team because they are in china and what not, also knows how many shares they still have in their accounts. I still don't believe these people even exist though.

It would be extremely simple to prove they still have the shares yet they don't do it, and this has been an issue for a LONG time that they have blatantly ignored until the recent warning. Just like it would be extremely simple to take a picture of their machines, yet they don't. Once again, GET A FUCKING CLUE!

because the units are probably rough as f*ck, and the fud spreaders here will destroy the pictures or video. The hashrate will do the talking!

Who cares what you think?

People have bleating "it's a scam!!!!" since the beginning. Clearly some people think think it is, others think it isn't, and some people think the risk is outweighed by the potential profits if it's not.

It's likely they're having some technical difficulties, which are being worked out. The share price is far lower then it would be otherwise.

they said that pictures cause more harm than good. the hash rate is all that matters - as soon as that gets over 2TH then this stock will fly.

Obviously extremely hard. I would even say impossible.

The lack of critical thinking and gullibility of people on this forum never ceases to amaze me. No wonder so many bitcoin cons are successful.  Its not just that btc payments are irreversible and pseudonymous, thats certainly useful for a con, but its that you dont have to put in any effort at all. Just get the ball rolling with some vague story and promises of future fortunes and from then on, you can count on the community to come up with far better theories, excuses and fables then you could possibly think of as a scammer.  Ask Pirate.

Now Im not saying Im positive this is a scam, but there is an overwhelming absence of evidence that would demonstrate the opposite.

LMAO he is a pussy Swiss - they gave ass to nazis! AnalSky LMAO

@Angelsky STFU nazi

Costs will be done before you get to those percentages.  Profit = Revenue - Cost.  Of course, the devil is in the details of how "Cost" is determined.  Depending on how they play it, Cost could be a number that sucks up much of the revenues.  Then out of what's left, 20%-30% will be retained.  THEN come dividends.

There can be devilish details with Revenue as well.  I am assuming here that they are doing revenue on a simple cash basis.  It gets trickier if they don't.

What happened? The price has dropped a lot.

Probably a software issue which can be solved as you go.

Also, the hash rate in mining farms will always have 20 +/- variance.

How far back do you want to go?

Basically a couple days ago TheSwede posted an address where their mining results would go. Then after 24 hours nothing, and the price started to drop.  Then Burnside posted a warning. Then we got a little bit of btc trickling in, equivalent to the 3 avalons that one of the members of the company owned, and the price continued to drop and there were some 100k+ share dumps down to 0.0011 or so. 

Then, we started seeing more hashing, more then 200Gh/s, and the price started going back up. It got to around 400Gh/s based on the payout.  Then TheSwede posted they were up to 800Gh/s and team "Labcoin" showed up on BTCGuild's top 25. The price went back up to about 0.0027

Then, burnside posted a dire warning on the trading page: "WARNING -- This asset has been flagged for potential violation of their Stockholder Agreement. Please place your orders accordingly." with no explanation, and the price dropped to about 0.002 again.

Then, burnside posted that it was about the share locking issue and updated the warning to link to his post (which you can see now).  The price recovered to about 0.0025, but since then has dropped back to 0.002.