There goes the support at .0016, lets see how long .0015 will hold up, probably not long.
Yeah. Dunno how low this is headed. 0.0012?
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 296. (Read 1079974 times)
September 20, 2013, 04:21:48 AM
Yeah. Dunno how low this is headed. 0.0012?
September 20, 2013, 04:20:55 AM
So what do you guys think the price will be in 24 hours if they don't start hashing?
September 20, 2013, 04:17:43 AM
There goes the support at .0016, lets see how long .0015 will hold up, probably not long.
September 20, 2013, 04:17:27 AM
tl;dr - what happened over night?
Basically nothing. More dumping and buying-up of shares while FUD continues from everyone who "doesn't own any shares". And Burnside posted a "Warning" on the Labcoin page. Keep in mind "Nothing" includes" no mining revenue coming into their address. Which means, obviously, they're not hashing.
The only revenue that did show up is consistent with them mining with their 3x, 3 module Avalons at 350Mh/s.
The other big problem is that they've had their chips for over a week, and no sign of hashing whatsoever. Over 24h since they posted their mining address, and funds started showing up there, which have since dried up.
Since PCBs only take 24 hours to have made the obvious conclusion is that their chips don't work, and they won't be hashing until they can fix the problems with the 130nm chip.[/b].
Based on some of their earlier comments - it seems like they may not even bother doing that instead waiting until their 65nm chips come in.
24h ago, it was reasonable to think they would start hashing really soon and we'd see revenue flow into their address. Since we haven't seen anything other then a few dumps of what were probably saved up coins in Slush and BTCGuild accounts, it now seems like there's little chance of that happening.
September 20, 2013, 04:14:02 AM
Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened.
Idk how people can believe anything labcoin says when they put out a definitive statement like this:
and have it be completely untrue. It appears as though generation 1 has failed completely.
They just need to admit the chips worked initially, and then they found them cannot work stably. They've spent 2 weeks try to fix the problem and still trying their best, but the result is not predictable yet. They are looking for other methods to compensate the investors, meanwhile the 2-gen chips R&D moves smoothly, and working chips are expected by the end of October. Deploying 500TH by the end of December is still on the plan.
September 20, 2013, 04:12:24 AM
This Labcoin thing pisses me off though. I had made some good return here and the recent swings have taken a lot of it from me. I should have just taken what I had and run with it.
Shouldn't Labcoin be on here soon to get the prices back up so all those guys who bought at .0016 can get their 50% gains?
Shouldn't Labcoin be on here soon to get the prices back up so all those guys who bought at .0016 can get their 50% gains?
September 20, 2013, 04:09:19 AM
Didn't ActM IPO at .0005?
I'm not exactly sure, since I haven't been following it that much. I think they had a small IPO on bitfunder, then a larger follow on offering at 0.0025 or something like that on btct.co
September 20, 2013, 04:09:17 AM
tl;dr - what happened over night?
Basically nothing. More dumping and buying-up of shares while FUD continues from everyone who "doesn't own any shares". And Burnside posted a "Warning" on the Labcoin page. September 20, 2013, 04:07:14 AM
tl;dr - what happened over night?
No evidence of hashing from labcoin, which means either
1.) Catastrophic generation 1 chip failure (inability to hash at all)
2.) There are no generation 1 chips
September 20, 2013, 04:06:17 AM
IM pretty sure theswede will soon be hashing faster, but it wont be with his own chips, rather with these:
https://bitcointalk.org/index.php?topic=226846.220
(see his posts on that page)
Who in their right mind would buy bitfury's if you can produce your own asics at <1/10th the cost? Thats like BFL buying avalons.
https://bitcointalk.org/index.php?topic=226846.220
(see his posts on that page)
Who in their right mind would buy bitfury's if you can produce your own asics at <1/10th the cost? Thats like BFL buying avalons.
September 20, 2013, 04:06:01 AM
tl;dr - what happened over night?
September 20, 2013, 04:05:18 AM
I do share your concerns, but im no daytrader and not stupid..
Probally unlikely of you, i already got my investment out and the shares i have are pure profit.
Ofcourse i do know and see what can be better; sure labcoin screws up.. But im not here for their management..
Im here for their chips on long term..
But if i sold everything and didnt care anymore i would not waste my time on labcoin, i would move on!
Sure checking news out of curiosity but nothing more; like bullshit fud messages you do. Why?
I think you just didnt reach your goal yet. you want to make free shares of other peoples back and this asset is just the right thing to do so. you want a riskfree investment by playing with other persons money here and now its up to you to tell me why i shouldnt be interested in an investment environment that doesnt look like the real stock market but is more like cooperative, transparent and not making up numbers that just dont exist yet.
you are driven by materialistic goals only. i have ideals.
Hahaha serious?
1. Or you are mistaken me with someone else; because we never had beef
2. Or you are mistaken me with someone else; because i never pro-active got discussions with fudsters
3. You hear voices in your head.
Fucking moron
September 20, 2013, 04:04:22 AM
Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened.
I dunno, it's a huge risk for sure - and for whoever wrote the put option, since it could happen. If they actually start mining. If so then the puts will be worthless.
On the other hand, I definitely think if they don't start mining in the next 7 days we could easily see sub-ipo prices. ActM is already sub-ipo, supposedly.
September 20, 2013, 04:03:15 AM
Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened.
I dunno, it's a huge risk for sure - and for whoever wrote the put option, since it could happen. If they actually start mining. If so then the puts will be worthless.
On the other hand, I definitely think if they don't start mining in the next 7 days we could easily see sub-ipo prices. ActM is already sub-ipo, supposedly.
September 20, 2013, 04:01:52 AM
nice proactive reactive from burnside, reputation is worth more than fees in long term
September 20, 2013, 04:01:30 AM
Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened.
Idk how people can believe anything labcoin says when they put out a definitive statement like this:
and have it be completely untrue. It appears as though generation 1 has failed completely.
What kind of message does it send out, when blatant lies regarding on-going operations can be so easily communicated. This paves the way for companies who cant cut it, to deceive and defraud, with just a paragraph of made up shit.
This issue needs to overshadow all future decisions of every security, or this really is the wild-west where anything goes.
September 20, 2013, 03:52:47 AM
I do share your concerns, but im no daytrader and not stupid..
Probally unlikely of you, i already got my investment out and the shares i have are pure profit.
Ofcourse i do know and see what can be better; sure labcoin screws up.. But im not here for their management..
Im here for their chips on long term..
But if i sold everything and didnt care anymore i would not waste my time on labcoin, i would move on!
Sure checking news out of curiosity but nothing more; like bullshit fud messages you do. Why?
I think you just didnt reach your goal yet. you want to make free shares of other peoples back and this asset is just the right thing to do so. you want a riskfree investment by playing with other persons money here and now its up to you to tell me why i shouldnt be interested in an investment environment that doesnt look like the real stock market but is more like cooperative, transparent and not making up numbers that just dont exist yet.
you are driven by materialistic goals only. i have ideals.
September 20, 2013, 03:47:42 AM
Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened.
Idk how people can believe anything labcoin says when they put out a definitive statement like this:
and have it be completely untrue. It appears as though generation 1 has failed completely.
September 20, 2013, 03:43:51 AM
Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened.
September 20, 2013, 03:42:11 AM
Damn, and I got in at what I though was low at the time - .0025.
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