How come this isnt crashing yet?
0.0027 to 0.0021 not crashing? lol
Keep watching for round two in a few mins.
I thought there would be another crash to near IPO like the other crash haha
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 345. (Read 1079974 times)
September 18, 2013, 04:33:12 PM
0.0027 to 0.0021 not crashing? lol
Keep watching for round two in a few mins.
I thought there would be another crash to near IPO like the other crash haha
September 18, 2013, 04:32:56 PM
If this is the first time you've dealt with an engineer who tried to cover up that he's behind...
Well, it's the first time you've dealt with an engineer.
Well, it's the first time you've dealt with an engineer.
Haha, true!
Shit happens...
September 18, 2013, 04:32:34 PM
I don't understand. Are they allegedly solo mining or pool mining?
It's not clearly stated but I think that:
while the hashrate is low (<15TH/s) it's useless to go solo, so they will join a pool
when the whole 50TH have been deployed (and if that is not a too small part of the network at that time) they will go solo
September 18, 2013, 04:32:27 PM
Labcoin isn't a scam.
They may not be a scam, but they are incompetent and liars. Which is barely above scam, really.Without mining, this security is not worth more than the IPO price. It is currently severely overvalued.
September 18, 2013, 04:32:26 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.
September 18, 2013, 04:32:13 PM
I conducted an analysis of the posted mining address. I concluded that the address does not contain any bitcoins either from solo mining or deposits from known pools.
September 18, 2013, 04:32:10 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.
Hoping responding back to you will get your attention. You guys seriously need a project manager. I can't imagine hardware/firmware development is much different from software development. When I build something I have various integration points where critical tests can be run to determine if things are going ok and I can prove that I am actually building something instead of jerking off in the corner.
If Labcoin is a legitimate operation, why don't you guys reveal some of your integration points? I'm sure you guys have gerber files for your PCBs? You guys showed a shitty photo of some sort of PCB, why not reveal a bit more about the PCB, the chips themselves(pinout? communication protocol?) and what tests have been performed. Go look at how bitfury handled the initial testing of their chips. Every couple of days there were releases of information, even if they didn't confirm if all was well.
In the end this sounds like it is either a masterfully executed scam or a horribly managed project. Depending on the result, that bad taste joke may become a reality as frankly you have no clue who all your anonymous investors are.
September 18, 2013, 04:32:03 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.
When this scam is exposed sugar-tits that will be the least of your worries.
So many people will be after you it wont be funny. I suspect prison would be the safest place for you at that point.
Not my personal opinion just a view, I'm not invested in LabCON and will not lose anything.
September 18, 2013, 04:31:58 PM
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.
Two days later,I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.
Labcoin: The address will be signed within a week to proof that Labcoin is indeed mining.
September 18, 2013, 04:31:51 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.
September 18, 2013, 04:31:37 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
September 18, 2013, 04:31:08 PM
How come this isnt crashing yet?
0.0027 to 0.0021 not crashing? lol
Keep watching for round two in a few mins.
September 18, 2013, 04:30:59 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.
September 18, 2013, 04:30:08 PM
Labcoin isn't a scam. When things calm down I will post TheSeven's reply to my PM.
September 18, 2013, 04:30:01 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.
September 18, 2013, 04:29:29 PM
If this is the first time you've dealt with an engineer who tried to cover up that he's behind...
Well, it's the first time you've dealt with an engineer.
Well, it's the first time you've dealt with an engineer.
September 18, 2013, 04:28:50 PM
UPDATE:
Just got off talking to Sam. The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12, more likely less then that but I have advised against setting a specific hour/time as this just leads to frustration if missed) 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.
Just got off talking to Sam. The miners are running and the team is working on the pool mining integration, this should all be done in 'a few hours' (less then 12, more likely less then that but I have advised against setting a specific hour/time as this just leads to frustration if missed) 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.
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.
September 18, 2013, 04:28:41 PM
Crash is over, folks.
Hope you bought whatever you're going to buy. It only gets pricier from here.
Hope you bought whatever you're going to buy. It only gets pricier from here.
No this is the short recovery that follows the initial crash. Give it another ten mins and we'll be breaking records on the way to the Mariana Trench.
Is a person who calls a security for being a scam which then turns out to be a scam, a fudster of a troll? No. We are on your side and trying to get you to see sense. It's the end for LC and sooner or later your guys WILL get caught out and lose so much of your hard earned btc. It's okay if you can afford it. If you can't, then you simply can not afford to be wrong. Just a thought.
September 18, 2013, 04:28:17 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.
So is playingwith peoples cash "pal". What goes around comes around "bro"
September 18, 2013, 04:27:37 PM
Who the fuck cares how long they take. If you believe and can not fold under pressure like a little bitch then it really doesnt matter. So hard for and dumb fudidiot to think long term, i.e. 6 months a year. you dumbies litteraly count the hours
because in 6 months time, 2TH/s isn't worth shit. Jump to: