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Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 303. (Read 1079974 times)

sr. member
Activity: 476
Merit: 250
Plus remember there is a very short window of profitability for Labcoin here.  You can already order 28nm miners from Cointerra and bitmine.ch for less then $3/Gh/s.  Labcoin originally claimed $2/Gh/s and that was when their chips were 4Ghs/s not 1.8. 

So if they fix all their technical issues in the next few months, but by then their window of profitability will be gone.  The shares might yeild, like, 0.0004 BTC or something in dividends over the next couple years.

you are probably not on ignore, so someone might see this.  Please listen to this, people!  Missing the window is a REALLY big deal.
legendary
Activity: 882
Merit: 1000
Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.
If they could, they've done it already. They said it was online on 10 Sep. Then 'before this Wednesday', and on that Wednesday, 'less than 12 hours from now'. As a developer myself, I know the difficulty of fixing a badly designed software. You just finished fixing a bug and think it will work, and then there's a new bug. It happens again and again and at last you think you'd better start it from the scratch. Let alone they are dealing with the hardware problem now, usually much more difficult to fix.

In this case, in my opinion, they should cancel the bulky order of their 130nm chips and buy some bitfury chips immediately to fulfil their 50TH promise, and then concentrate on their 65nm chips and make sure never to screw up again. Only this can save them and all the investors.
sr. member
Activity: 392
Merit: 250
Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.

This doesn't make sense, because only the share holders would suffer.  With no shareholders, labcoin would rake in 100% of the profits.  Burnside would not punish us like this.  LOL

so far they paid for the chips and some crappy pcbs thats all they spent your money on. do you think they will improve? make up your mind. stop denying.

I thought you meant with troubles staying on the exchange.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.

I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed

I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed

I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed

I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed

I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed



I told you not invest in LAGcoin, but you didn't listen!

How's that working out for you?   Cool

ALWAYS BET ON iCE...
full member
Activity: 238
Merit: 100
Because if they deliver let say 1hr from now you might miss a large amount of profit... but again it looks like it serious so yes its a pure gamble to hold at this point... Since they haven't deliver anything

That's true, but that seems pretty unlikely at this point, don't you think?  They've had however many hours to pull through - and they haven't done so yet.

Obviously people can hold out hope but there isn't really any reason to do so - and they're not giving us any reason, because they're failing to communicate.

No reason to think they're competent in getting this done in such a short time frame (lots of people have failed, look at BFL, Avalon took months, etc) and no reason to think they'll be honest about what's going on in the future.

Plus remember there is a very short window of profitability for Labcoin here.  You can already order 28nm miners from Cointerra and bitmine.ch for less then $3/Gh/s.   Labcoin originally claimed $2/Gh/s and that was when their chips were 4Ghs/s not 1.8.  

So if they fix all their technical issues in the next few months, but by then their window of profitability will be gone.  The shares might yeild, like, 0.0004 BTC or something in dividends over the next couple years.

And actually, if you think about it LC is acting a lot like Walter White.  Full of hubris, wanting to take care of everything on their own without telling anyone anything, hoping that they can just 'fix' everything without anyone ever knowing anything was wrong. Telling people just to trust them without any proof.   Meanwhile they keep screwing up and the people who trust them (i.e. the shareholders in this case) just end up getting fucked.


hero member
Activity: 1008
Merit: 537
The share price speaks by itself.
sr. member
Activity: 476
Merit: 250
This is a shoutout to whoever follows Labcoin. Don't sell your trustworthy assets for this crap, you might risk the whole market to collapse for empty hands.
they've got all the voices of reason on ignore.  Remember that list?  and wasn't dhenson telling people to buy just a few hours ago?

how many shares sold today?  500K?  AGAIN?

who is making money here, folks?  who?  it certainly isn't the people buying at .0035 or .003 or .0025...

sr. member
Activity: 308
Merit: 250
Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.

This doesn't make sense, because only the share holders would suffer.  With no shareholders, labcoin would rake in 100% of the profits.  Burnside would not punish us like this.  LOL

so far they paid for the chips and some crappy pcbs thats all they spent your money on. do you think they will improve? make up your mind. stop denying.
sr. member
Activity: 392
Merit: 250
Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.

This doesn't make sense, because only the share holders would suffer.  With no shareholders, labcoin would rake in 100% of the profits once there are some.  Burnside would not punish us like this.  LOL
sr. member
Activity: 308
Merit: 250
This is a shoutout to whoever follows Labcoin. Don't sell your trustworthy assets for this crap, you might risk the whole market to collapse for empty hands.
donator
Activity: 1120
Merit: 1001
What makes me wondering is, Pirate40, a 100% scammer, when he defulted, he did not say "I scammed you", but said "I will pay later." Now, Labcoin tells you, I will give you evidence very soon.

Telling the truth and comminicating frankly is hard for scammers.
sr. member
Activity: 420
Merit: 250
Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.
sr. member
Activity: 308
Merit: 250
watch europe wake up to this mess in about 2 hours. if greed people sell their other assets to jump in we will face a black btct friday!
another one?  we had this shit last week, same fucking thing.  how many times are we gonna let Labcon crash the BTCT market?

depends on those denying the fact that this is not worth risking their other investments for a bag full of nothing
if people sell their other shares to buy in low at labco it is very likely they hand over the field to who ever labcoin really is.
legendary
Activity: 882
Merit: 1000
Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.
hero member
Activity: 1008
Merit: 537
I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed

Weeks and weeks of unanswered conerns about locking shares, photos, mining address, proof of something. No one listen. The dream is over. People are waking up and it hurts.
sr. member
Activity: 476
Merit: 250
watch europe wake up to this mess in about 2 hours. if greed people sell their other assets to jump in we will face a black btct friday!
another one?  we had this shit last week, same fucking thing.  how many times are we gonna let Labcon crash the BTCT market?
sr. member
Activity: 448
Merit: 250
I am about to cry with this fucking price.. Go fuck yourself labcoin bitch !
sr. member
Activity: 308
Merit: 250
watch europe wake up to this mess in about 2 hours. if greed people sell their other assets to jump in we will face a black btct friday!
sr. member
Activity: 476
Merit: 250
Placing bids just over 0.0016 if they have half a brain.
.0012 is a better place
legendary
Activity: 1025
Merit: 1000
I bought at high 002s last night
I thought that mining was real
Im about to cry  Embarrassed
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