So LABCOIN is now hashing at about 250 GH/s (= 1.12 BTC / day currently, at 100% PPS), new rumors seem to indicate that they are mining with Avalons (but that could be FUD).
There is no way I'm back in under such conditions. Besides, 250 GH/s is ridicule compared to the 6 TH/s that were promised two weeks ago: it's about 12 times lower than what was announced earlier.
My advice: stay out if you're not in....
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 314. (Read 1079974 times)
September 19, 2013, 01:58:13 PM
September 19, 2013, 01:57:00 PM
why are people quoting something from july?
September 19, 2013, 01:56:45 PM
ignore the childish fud, they want the price to move as much as possible.
September 19, 2013, 01:55:33 PM
here we go...........
batch 1 and 2 batch 2 devices running at 350 Mhz.
batch 1 and 2 batch 2 devices running at 350 Mhz.
So these arent the LC chips they are using? They are using their avalons?
Can't you see the date? That is not todays date.
Look at the pathetic hashrates on those Avalons.
September 19, 2013, 01:54:09 PM
I see just a blank address and some trinkets from users only
September 19, 2013, 01:51:38 PM
It's obvious they are hashing with something
it is? can you please share your information on how you came to that conclusion?Also I would like to know
September 19, 2013, 01:49:59 PM
It's obvious they are hashing with something
it is? can you please share your information on how you came to that conclusion? 
September 19, 2013, 01:46:26 PM
These are probably his private machines. It doesnt belong to Labcoin actually. I'm just wondering about the Name of the Hashing machine^^
September 19, 2013, 01:44:28 PM
here we go...........
batch 1 and 2 batch 2 devices running at 350 Mhz.
batch 1 and 2 batch 2 devices running at 350 Mhz.
So these arent the LC chips they are using? They are using their avalons?
Guys, you have to use your brains. Posting a mining address means nothing! Receiving coins to the address from a pool means nothing! Receiving coins to the address from generation blocks (solo/p2pool) means nothing!
The only way to prove they are mining is to show a user on a public pool with the 2TH/s advertised, or show at least 8 blocks from p2pool or 16 blocks from solo mining showing a statistical high hashrate. Anything else means nothing. Making decisions (like people admiting they bought shares when they saw a bitcoin address posted to the forum) based on any other proof is not an informed decision and you should not expect intellectually rewarding results.
September 19, 2013, 01:43:45 PM
here we go...........
batch 1 and 2 batch 2 devices running at 350 Mhz.
batch 1 and 2 batch 2 devices running at 350 Mhz.
So these arent the LC chips they are using? They are using their avalons?
September 19, 2013, 01:37:59 PM
I have a small question. I see that labcoin's address was first seen on 18 September. Weren't they supposed to be already mining? How come this address was created on 18 September?
The Swede75 posts.
https://bitcointalksearch.org/user/theswede75-90389
I tried that too before my post. I don't see any answer to my questions in his posts, even if he is active and even if he is buying something else than labcoin's hardware.
September 19, 2013, 01:36:49 PM
here we go...........
batch 1 and 2 batch 2 devices running at 350 Mhz.
batch 1 and 2 batch 2 devices running at 350 Mhz.
September 19, 2013, 01:36:00 PM
Sorry if asked before, but is delaria Labcoin's other account? (Labcoin is delaria on Skype).
https://bitcointalksearch.org/user/delaria-82760
https://bitcointalksearch.org/user/delaria-82760
Based on this post, it would appear that they are related:
https://bitcointalksearch.org/topic/m.2561702
September 19, 2013, 01:35:41 PM
Just posting this because it's hilarious in retrospect.
no, this is CEO of labcoin, not TheSwede75
Well that doesn't bring confidence if the LC CEO says that you should buy rice because it is cheaper than bread!
Sometimes its good to have a nice laugh. And he said this during the peak of the Labcoin IPO when BTCGarden had just started their IPO.
That's what he's trying to infer
no, this is CEO of labcoin, not TheSwede75
Well that doesn't bring confidence if the LC CEO says that you should buy rice because it is cheaper than bread!
Sometimes its good to have a nice laugh. And he said this during the peak of the Labcoin IPO when BTCGarden had just started their IPO.
September 19, 2013, 01:34:50 PM
Sorry if asked before, but is delaria Labcoin's other account? (Labcoin is delaria on Skype).
https://bitcointalksearch.org/user/delaria-82760
https://bitcointalksearch.org/user/delaria-82760
this account belongs to an italian speaking guy.
September 19, 2013, 01:29:40 PM
Sorry if asked before, but is delaria Labcoin's other account? (Labcoin is delaria on Skype).
https://bitcointalksearch.org/user/delaria-82760
https://bitcointalksearch.org/user/delaria-82760
September 19, 2013, 01:29:34 PM
Another payment: 0.37057639
From: 1NRoUN57beH6ZgC7Em2CPbSKSx2cW3FC47
From: 1NRoUN57beH6ZgC7Em2CPbSKSx2cW3FC47
If they give dividends next week will you be satisfied? It's obvious they are hashing with something and it's beginning to add up.
Give them a week for the 10TH.
September 19, 2013, 01:28:38 PM
Another payment: 0.37057639
From: 1NRoUN57beH6ZgC7Em2CPbSKSx2cW3FC47
From: 1NRoUN57beH6ZgC7Em2CPbSKSx2cW3FC47
If they give dividends next week will you be satisfied? It's obvious they are hashing with something and it's beginning to add up.
Of course they could do all this hashing and then come next week miss the dividend deadline and when the price crashes tell everyone to buy cheap shares.
September 19, 2013, 01:27:32 PM
It's pretty clear they missed another self-imposed deadline and didn't finish mining pool integration in even their pessimistic 12 hours.
They think the way to fix it with their investors is to not talk about it and pretend it didn't happen.
So we'll wait.
They think the way to fix it with their investors is to not talk about it and pretend it didn't happen.
So we'll wait.
The only reason they give out dates and times is to make people speculate even more. Someone will come and put a clock up, and people will do linguistic analysis on every word Labcoin says. People will grow impatient and start going crazy and right before everyone dumps all their shares Labcoin almost as if psychic appears and says the next comment always with some comical meme like "Buy cheap shares" at the end of it.
What about that confusing comment made weeks ago in private chat about the rice or something or other? Shares almost tumbled on that phrase alone.
Now onto the technical. I have some experience with mining and one of the main causes of instability of this sort could be that the chip overheats or has some heating problem. That kind of problem would cause horrible instability and make the chips absolutely worthless for sale to customers. This would explain why they wont be selling chips to customers and also explain why they are having a difficult time hashing with the chips.
The bad news is that it would take a lot longer to deploy the chips and a lot more expensive. The good news is that even a chip that has heating problems can eventually be deployed. This is just my best guess, I'm not an engineer.
September 19, 2013, 01:26:50 PM
Another payment: 0.37057639
From: 1NRoUN57beH6ZgC7Em2CPbSKSx2cW3FC47
From: 1NRoUN57beH6ZgC7Em2CPbSKSx2cW3FC47
Jump to: