How do we know they are not hashing with Avalon and KNC if they provide no pics and deny site visit?
And from what i hear they refuse 796 to actually come to the site of the miners. Sam also won't supply any pictures. This is not normal.
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 35. (Read 1079974 times)
October 15, 2013, 10:47:39 PM
And from what i hear they refuse 796 to actually come to the site of the miners. Sam also won't supply any pictures. This is not normal.
October 15, 2013, 10:43:46 PM
How do we know they are not hashing with Avalon and KNC if they provide no pics and deny site visit?
You don't know. He could be scamming you in a 1000 other ways as well.
October 15, 2013, 10:26:58 PM
How do we know they are not hashing with Avalon and KNC if they provide no pics and deny site visit?
October 15, 2013, 10:14:10 PM
me like wut I hear 
October 15, 2013, 10:10:27 PM
From 796 CEO(weibo）：
大家关心的Labcoin股票转入796流通问题，我们已与对方有几次沟通。他们提供了一份香港公司的注册证件，并在今天布署了2T算力，本周会有10T算力部署。他们说已经解决技术问题,不会重复以前的错误，在796交易会是双赢的方案。
他们不同意实地考察，仅说可以见面交谈。他们说会有10T在本周部署。
rough google translate：
We care about Labcoin stock into 796 circulation problems, we have to communicate with each other a few times. They provided a Hong Kong company registration documents, and in the deployment of the 2T count force today, this week, there will be counted 10T force deployment. They said technical problems have been resolved, will not repeat past mistakes, in 796 Fair is a win-win solution.
They do not agree with site visits, saying only could meet to talk. They say there will be deployed in the week 10T.
Congratulation!!We will list on 796 soon!!!!!!!
大家关心的Labcoin股票转入796流通问题，我们已与对方有几次沟通。他们提供了一份香港公司的注册证件，并在今天布署了2T算力，本周会有10T算力部署。他们说已经解决技术问题,不会重复以前的错误，在796交易会是双赢的方案。
他们不同意实地考察，仅说可以见面交谈。他们说会有10T在本周部署。
rough google translate：
We care about Labcoin stock into 796 circulation problems, we have to communicate with each other a few times. They provided a Hong Kong company registration documents, and in the deployment of the 2T count force today, this week, there will be counted 10T force deployment. They said technical problems have been resolved, will not repeat past mistakes, in 796 Fair is a win-win solution.
They do not agree with site visits, saying only could meet to talk. They say there will be deployed in the week 10T.
Congratulation!!We will list on 796 soon!!!!!!!
wut
October 15, 2013, 10:08:25 PM
From 796 CEO(weibo）：
大家关心的Labcoin股票转入796流通问题，我们已与对方有几次沟通。他们提供了一份香港公司的注册证件，并在今天布署了2T算力，本周会有10T算力部署。他们说已经解决技术问题,不会重复以前的错误，在796交易会是双赢的方案。
他们不同意实地考察，仅说可以见面交谈。他们说会有10T在本周部署。
rough google translate：
We care about Labcoin stock into 796 circulation problems, we have to communicate with each other a few times. They provided a Hong Kong company registration documents, and in the deployment of the 2T count force today, this week, there will be counted 10T force deployment. They said technical problems have been resolved, will not repeat past mistakes, in 796 Fair is a win-win solution.
They do not agree with site visits, saying only could meet to talk. They say there will be deployed in the week 10T.
大家关心的Labcoin股票转入796流通问题，我们已与对方有几次沟通。他们提供了一份香港公司的注册证件，并在今天布署了2T算力，本周会有10T算力部署。他们说已经解决技术问题,不会重复以前的错误，在796交易会是双赢的方案。
他们不同意实地考察，仅说可以见面交谈。他们说会有10T在本周部署。
rough google translate：
We care about Labcoin stock into 796 circulation problems, we have to communicate with each other a few times. They provided a Hong Kong company registration documents, and in the deployment of the 2T count force today, this week, there will be counted 10T force deployment. They said technical problems have been resolved, will not repeat past mistakes, in 796 Fair is a win-win solution.
They do not agree with site visits, saying only could meet to talk. They say there will be deployed in the week 10T.
October 15, 2013, 10:07:59 PM
决胜千里-朱荣：大家关心的Labcoin股票转入796流通问题，我们已与对方有几次沟通。他们提供了一份香港公司的注册证件，并在今天布署了2T算力，本周会有10T算力部署。他们说已经解决技术问题,不会重复以前的错误，在796交易会是双赢的方案。
http://weibo.com/796COM
http://weibo.com/796COM
October 15, 2013, 08:52:00 PM
Congratulations to those who bought at 0.0002. Now they have bought 1GH, likely to increased to 5GH, with 1BTC. Although it is still difficult to break even, if 10TH is really deployed this week, it's not a bad deal compared with other hosting option anyway.
Unfortunately they should've had a chance to double or triple their invest/gambling if btct still allows trading. With plenty of liquidity as before, it's price could be easily pushed up to 0.0004 or even higher. But now, even relisted on crypto stack, there's no such liquidity any more.
For those who bought at 0.0004, you've lost the chance of having money back. Now 'Sam' has successfully made it legit to not refund the rest BTCs. Now he has every reason to spend the rest to buy gen1 and pay research on gen 2. It does not matter whether he really do it or not, since anyway it's just like throwing money away, considering his incompetence and the late schedule.
Unfortunately they should've had a chance to double or triple their invest/gambling if btct still allows trading. With plenty of liquidity as before, it's price could be easily pushed up to 0.0004 or even higher. But now, even relisted on crypto stack, there's no such liquidity any more.
For those who bought at 0.0004, you've lost the chance of having money back. Now 'Sam' has successfully made it legit to not refund the rest BTCs. Now he has every reason to spend the rest to buy gen1 and pay research on gen 2. It does not matter whether he really do it or not, since anyway it's just like throwing money away, considering his incompetence and the late schedule.
October 15, 2013, 08:49:52 PM
cool..we reached 2TH right now，but where is the 3TH！！ 
I'm happy its something.. Or is it to stop a man hunt?
looks like the chips are very unstable but still around 2TH
October 15, 2013, 08:49:42 PM
What about the share transfer, is CryptoStocks the new official home?
October 15, 2013, 08:30:22 PM
cool..we reached 2TH right now，but where is the 3TH！！
I'm happy its something.. Or is it to stop a man hunt?
October 15, 2013, 08:17:39 PM
cool..we reached 2TH right now，but where is the 3TH！！
I'm happy its something.. Or is it to stop a man hunt?
October 15, 2013, 08:16:04 PM
cool..we reached 2TH right now，but where is the 3TH！！
October 15, 2013, 08:14:32 PM
Confirmed,, got DIv
October 15, 2013, 08:08:18 PM
Sweeeeeet
Dividend has been paid!
Dividend has been paid!
October 15, 2013, 07:25:23 PM
There are no "cointerra shares"
There are, see https://bitcointalksearch.org/topic/picostocks-cointerra-coint-307042They simply aren't offered to the public.
Cointerra said they weren't associated with the offering. Therefore, those shares are not in "Cointerra". They're in some guy who claims to own part of cointerra. Cointerra could pay him, and he might not pay his shareholders. Or he might not actually own any cointerra private shares at all.
Either way, there are no "Cointerra shares" for sale.
October 15, 2013, 06:25:21 PM
Its looking awesome. 7000BTC IPO and 1.39 BTC waiting to be paid out in dividends.
Hey, don't forget the 2BTC sitting in the btct.co wallet.
Wow, I was off by more than 100%
I stand corrected.
In 10 years 7000btc will be mined (if diffilcuty will not rise and labcoin will hold his avalons or knc miners)
October 15, 2013, 06:21:59 PM
Its looking awesome. 7000BTC IPO and 1.39 BTC waiting to be paid out in dividends.
Hey, don't forget the 2BTC sitting in the btct.co wallet.
Wow, I was off by more than 100%
I stand corrected.
October 15, 2013, 06:17:36 PM
Sad, very sad. "investors" still don't get that this is nothing compared to what they have paid (and what has been promised), and that no, they won't get a return on their investment. Any miserable news will let the scam continue to go for a little while longer. Those 2 TH weren't any good a month ago, what do you expect now?
Please, stop taking it in the butt.
Also, +40% difficulty tomorrow.
Please, stop taking it in the butt.
Also, +40% difficulty tomorrow.
Even though im not convinced of labcoin... if the 2TH are really done with their own asic chips than your argument isnt valid anymore. Because that would mean they can bring out cheap hashpower at cost, you cant compare it to enduser miner-prices. When they bring out the first 100TH its not a problem to bring out more later. And it will not cost anything near the prices enduser have to pay. You have to make a difference between normal mining companies and mining companies that own their own asic design.
Lets see if labcoin really can bring out 100TH. I guess then im convinced its their own hardware.
What you're forgetting is that KNC, Bitfury, Asicminer, BFL, etc., etc. are also mining with their own gear (or will, if mining with shovels becomes more profitable then selling them). With real foundrys. Without sneaking into uni labs. With established production & multiple adults in charge -- not a mysterious Sam Noi who may or may not be Max Headroom's cousin. Talk about a non-starter, huh?
*This is a hypothetical only, i'm in no way suggesting Labcoin has made any chips -- 99% chance "they" do not.
Right... i dont trust this yet. But if the person behind sam really has the asic design then he can for sure order big quantities at foundries too, can create miners at cost and hash with better conditions than any enduser ever can.
I think it only needs one person to run such business. You can outsource everything. Of course it didnt look like Sam can handle this really. Lets see if he can surprise... i really would welcome it.
I might have not been clear, maybe my point was lost. I'll give it another try:
Assuming that there is a chip, or, at least, a maskset:
If mining with Labcoin's chips is profitable, and these chips could be assembled into miners rapidly (the whole thing scales easily), why do you think the other ASIC manufacturers, who have both proven & more efficient masksets, are not doing the same? Other than having proven design, provably more efficient, why can't KNC order another run at their foundry, outsource boards & assembly, and just rake in the coin? Concern for their customers? Scruples? Love of small-time miners?
October 15, 2013, 06:02:56 PM
Its looking awesome. 7000BTC IPO and 1.39 BTC waiting to be paid out in dividends.
Hey, don't forget the 2BTC sitting in the btct.co wallet.
Jump to: