Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 344. (Read 1079974 times)
September 18, 2013, 03:44:17 PM
Hop on the pain train while you can, price is rising! lol
September 18, 2013, 03:43:54 PM
They are going to mine on a pool. How hard is that to understand? The revenue will end up in the specified address. But not as freshly minted coins of course since whole blocks only goes to solo miners.
It's hard to understand, because this is contradicting previous announcements and furthermore it would be more reasonable to tell us which pool + user.
Edit:
I am going to let the mining speak for itself when the pool merge is complete. I would like to note however that even with 5+ TH solo-mining it can easily take 2+ days to find a block due to variance, hence the move to pool-mining.
You were right. Though I have to ask: what value does a Bitcoin address have with Bitcoin moved there, if there is no guarantee, that those coins were mined?
September 18, 2013, 03:42:24 PM
I don't understand you guys.
First you complain that solo mining isn't effective at such low TH rates, and then when Labcoin capitulates and states they will pool mine, you complain that then you can't be sure that they are mining or just depositing to the address.
Could everyone who isn't holding Labcoin shares please go the fuck away.
If you claim 'white knight indignance' and that you are here to 'protect investors', then take your shit up with Burnside.
This forum is so full of stupid it is making my router sick to it's kernel.
First you complain that solo mining isn't effective at such low TH rates, and then when Labcoin capitulates and states they will pool mine, you complain that then you can't be sure that they are mining or just depositing to the address.
Could everyone who isn't holding Labcoin shares please go the fuck away.
If you claim 'white knight indignance' and that you are here to 'protect investors', then take your shit up with Burnside.
This forum is so full of stupid it is making my router sick to it's kernel.
Very poetic. Now get back in fucking line and let the big boys sort this shitty mess out once and for all. Where is TheSwede to answer these many questions? Eh!?
September 18, 2013, 03:40:47 PM
I don't understand you guys.
First you complain that solo mining isn't effective at such low TH rates, and then when Labcoin capitulates and states they will pool mine, you complain that then you can't be sure that they are mining or just depositing to the address.
Could everyone who isn't holding Labcoin shares please go the fuck away.
If you claim 'white knight indignance' and that you are here to 'protect investors', then take your shit up with Burnside.
This forum is so full of stupid it is making my router sick to it's kernel.
First you complain that solo mining isn't effective at such low TH rates, and then when Labcoin capitulates and states they will pool mine, you complain that then you can't be sure that they are mining or just depositing to the address.
Could everyone who isn't holding Labcoin shares please go the fuck away.
If you claim 'white knight indignance' and that you are here to 'protect investors', then take your shit up with Burnside.
This forum is so full of stupid it is making my router sick to it's kernel.
September 18, 2013, 03:40:34 PM
Who wants to bet on how many pages or irreverent b.s. will be conversed until labcoin gives the update
September 18, 2013, 03:38:43 PM
As perfectly fine as I am with people being upset about the delays in both roll-out and communication I would like to mention that it's pretty damn bad taste to even joke about something like this. Period.
No! You don't get to tell people their remarks are in bad taste when you have literally been misleading us for at least a week.
Pretty sure I do. Considering I simply report what the team relays to me as information, I would consider it perfectly within my right to think that thinly veiled personal threats are in bad taste.
This is a bit rich coming from TheSwede. He is using duplicitous tactics and is a puppet who knows EXACTLY what he's up to. He can't even defend himself from these accusations. Stand up or put up.
September 18, 2013, 03:38:04 PM
Actually he said they are going to mine in a pool, so you can't see newly generated coins on that address.
I don't understand. Are they allegedly solo mining or pool mining?
This is fuzzy:
... and users will be able to view the mined coins through pool and this address:
https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm
I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.
According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.
TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.
https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm
I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.
According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.
TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.
They claim they were supposedly solo mining with at least 2TH since 2 weeks ago, so we demanded a "mining address" to see all the newly generated block rewards. So after 2 weeks, finally they post an "address" that has zero bitcoins, now they conveniently switch to pool mining, which makes the "mining address" useless in terms of proof of mining. I bet they don't have a public stat page from the pool neither.
It's possible that they tried to mine and thought they were mining when they made their update and then ran into some issues. Let's be reasonable.
September 18, 2013, 03:37:58 PM
Pretty sure I do. Considering I simply report what the team relays to me as information, I would consider it perfectly within my right to think that thinly veiled personal threats are in bad taste.
So, misleading us is in good taste, or what? Lying about hashing? Is that good taste? Missing deadlines, breaking promises, lying about progress, etc, is that good taste. You can hide behind the "I'm just the mouthpiece" part all you want, but when this thing turns ugly, people will hold you to the same level as Labcoin. "Following orders" is an excuse that never works.
September 18, 2013, 03:37:49 PM
Pretty sure I do. Considering I simply report what the team relays to me as information, I would consider it perfectly within my right to think that thinly veiled personal threats are in bad taste.
Dude seriously you better have your bills sorted out because you will get a knock at the door from your local Fraud Squad as soon as the shit hits the fan and you wont see your family or friends for a very long time. Do you know how long a jail sentence you would get for conspiracy in a 5Million dollar fraud? You might even end up in a US prison (if you are in Sweden). Personally I'd rather be dead than spend 20years in a US prison.
September 18, 2013, 03:37:40 PM
no, he seem not to care..the fees are nice boost. burnside knows in fact that they did not even spend IPO money on R&D of 130nm chip
his answer
Quote
So you're upset that we processed a withdrawal for an issuer after an IPO? That's kind of how it all works.
Or you're upset that they haven't spent it yet? (take it up with them?)
Or you're upset that they haven't spent it yet? (take it up with them?)
That is complete bullshit. There's no need to defame 3rd parties in your quest for the FUD of the day award.
https://bitcointalksearch.org/topic/m.3179277
theswede75, biggest troll, fucking always winding people up...receives and cash out $120,000 of labcoin shares
these are NOT shares he has brought with own money, he's always poor prior to this
anybody can follow blockchain to see where funds are, should they be concerned about their investment
Yes, I saw the post. It's your interpretation of the meaning that is bullshit.
September 18, 2013, 03:37:07 PM
As perfectly fine as I am with people being upset about the delays in both roll-out and communication I would like to mention that it's pretty damn bad taste to even joke about something like this. Period.
No! You don't get to tell people their remarks are in bad taste when you have literally been misleading us for at least a week.
Pretty sure I do. Considering I simply report what the team relays to me as information, I would consider it perfectly within my right to think that thinly veiled personal threats are in bad taste.
I have to say, given the nature of the responses directed at you, you do manage to stay quite grounded and rational. I hope you don't let those who take skepticism too far get to you personally.
Unless it is a scam ... in which case,
September 18, 2013, 03:36:55 PM
someone hire a russian guy on the deepweb to take care of these idiots please...
As perfectly fine as I am with people being upset about the delays in both roll-out and communication I would like to mention that it's pretty damn bad taste to even joke about something like this. Period.
Yap, all of those deepweb hitmen are nothing but scams to steal coins.
September 18, 2013, 03:36:44 PM
When did this IPO become questionable? Was it the faked invoices on their website? The pictures of boards that cannot be made into miners? Or the posting of an empty mining address?
September 18, 2013, 03:36:18 PM
As much as I have hated how things have developed and how you guys deal with PR and information. While the negitivity is all over the place, I would like to say thanks for the address. Personally I would like even more transparency and sooner. Even negative news is better than delayed news and no news.
https://bitcointalksearch.org/topic/m.3182809
this is you
Well considering I sold all my shares a day or so ago...I disagree.
September 18, 2013, 03:35:39 PM
I would urge everyone that wishes for BTC-TC to continue operating head over to the main BTC-TC thread and push for burnside to take some executive action regarding labcoin. Forget if labcoin is a scam or not a scam or whatever, instead focus on the reality that the actions that labcoin has undertaken so far is a HUGE red blimp that can easily bring the Securities and Exchange Commission running to investigate. Such an action would probably cripple BTC-TC.
Is what I have posted in that thread, hopefully others will come and push for the same.
I really think its time for Burnside to consider taking some action regarding labcoin. The type of scandalous behavior that they are currently exhibiting is exactly the type of activity that will bring regulatory entities such as the SEC down on btc-tc. Labcoin's presence on btct could really jeopardize btct's continued existence.
Is what I have posted in that thread, hopefully others will come and push for the same.
September 18, 2013, 03:35:27 PM
I don't understand. Are they allegedly solo mining or pool mining?
This is fuzzy:
This is fuzzy:
They are going to mine on a pool. How hard is that to understand? The revenue will end up in the specified address. But not as freshly minted coins of course since whole blocks only goes to solo miners.
September 18, 2013, 03:35:19 PM
someone hire a russian guy on the deepweb to take care of these idiots please...
As perfectly fine as I am with people being upset about the delays in both roll-out and communication I would like to mention that it's pretty damn bad taste to even joke about something like this. Period.
+1. Let's not go there.
They haven't actually stolen, they're just awful at certain things.
Well i couldnt care less if someone broke his finger so he cant spam more lies on these forums...
It's not my intention to do this i just hope he will soon activate his brain and turn into some kind of honest person.
September 18, 2013, 03:34:49 PM
As perfectly fine as I am with people being upset about the delays in both roll-out and communication I would like to mention that it's pretty damn bad taste to even joke about something like this. Period.
No! You don't get to tell people their remarks are in bad taste when you have literally been misleading us for at least a week.
Pretty sure I do. Considering I simply report what the team relays to me as information, I would consider it perfectly within my right to think that thinly veiled personal threats are in bad taste.
lol, you the man
September 18, 2013, 03:34:18 PM
Labcoin isn't a scam. When things calm down I will post TheSeven's reply to my PM.
Would you pm it?
September 18, 2013, 03:33:37 PM
As perfectly fine as I am with people being upset about the delays in both roll-out and communication I would like to mention that it's pretty damn bad taste to even joke about something like this. Period.
No! You don't get to tell people their remarks are in bad taste when you have literally been misleading us for at least a week.
Pretty sure I do. Considering I simply report what the team relays to me as information, I would consider it perfectly within my right to think that thinly veiled personal threats are in bad taste.
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