[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 351.

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: TheSwede75 on September 18, 2013, 04:00:13 PM

Quote from: floatyfish on September 18, 2013, 03:58:30 PM

Quote from: TheSwede75 on September 18, 2013, 03:53:40 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.

Could you also ask Sam for clarification on when investors should expect dividends?

Sam's last update was for first dividend payment on the 24th. Unless that changes (which I have no indication it would) this is the date for first dividend.

Yes, as in: I will repay my loan in a few days, unless that changes.

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

Quote from: thebitcoiners on September 18, 2013, 03:59:39 PM

OMG! They posted the address!! Panic Buy!!!

*checks address and sees 0 btc

OMG! It's empty!! Panic Sell!!!

Yes, that was me. Cheesy

I'm out. (For now.)

jeffhuys

sr. member

Activity: 252

Merit: 250

Quote from: AngelSky on September 18, 2013, 04:00:45 PM

NOTHING TO SAY EXCEPT: LABCOIN IS NOT DONE YET.

Stop bullshitting, you want people to sell.

AngelSky

hero member

Activity: 1008

Merit: 537

NOTHING TO SAY EXCEPT: LABCOIN IS DONE.

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: TheSwede75 on September 18, 2013, 03:57:58 PM

Quote from: JohnyBigs on September 18, 2013, 03:54:21 PM

The troll FUDS is high in this thread imminent price rise expected. Within 24hours means before Wednesday ends. Cant wait for the morons to sell again and buy back for a loss, but the fact that the price hasnt dropped in the last 100 pages of FUD shows that most of the weak hands are gone.

I wouldn't call it FUD in all cases.

The fact is that Labcoin has missed mining target by a few days due to some unforeseen issues. ASIC mining with custom developed miners isn't always as easy as just plug and play, however I believe the team will prove the detractors wrong and in the next few days the mining hash rate will increase significantly. According to Sam the pool mining merge is a software issue and it is being resolved 'as we speak', after that it it simply a question of bringing hash rate online.

I have full understanding that there are many people that mistrust ASIC projects, as many of them (even the ones that were once 'untouchable') are having a very difficult time.

It's more than that.

They said they were mining at 2TH.

Obviously not the case.

TheSwede75

full member

Activity: 224

Merit: 100

Quote from: floatyfish on September 18, 2013, 03:58:30 PM

Quote from: TheSwede75 on September 18, 2013, 03:53:40 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.

Could you also ask Sam for clarification on when investors should expect dividends?

Sam's last update was for first dividend payment on the 24th. Unless that changes (which I have no indication it would) this is the date for first dividend.

Rannasha

hero member

Activity: 728

Merit: 500

Amidst all this, it must be great for those that have shares of BTC-TC, all the share dumping and pumping is generating a ton of fee-revenue.

KSGuy

sr. member

Activity: 429

Merit: 250

crash and burn labcoin Lips sealed

thebitcoiners

newbie

Activity: 22

Merit: 0

OMG! They posted the address!! Panic Buy!!!

*checks address and sees 0 btc

OMG! It's empty!! Panic Sell!!!

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Bitcycle on September 18, 2013, 03:53:05 PM

This might be the most incompetent communication from a company in the history of Bitcoin.

And that's saying something.

They should hire a random 12 year old with no clue how to run a business whatsoever. He will do a better job.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: TheSwede75 on September 18, 2013, 03:57:58 PM

The fact is that Labcoin has missed mining target by a few days due to some unforeseen issues. ASIC mining with custom developed miners isn't always as easy as just plug and play, however I believe the team will prove the detractors wrong and in the next few days the mining hash rate will increase significantly. According to Sam the pool mining merge is a software issue and it is being resolved 'as we speak', after that it it simply a question of bringing hash rate online.

I think the reason this stock is tanking is not because of the problems you are having, but rather, because you constantly miss deadlines and mislead the shareholders as to the real situation.

TheSwede75

full member

Activity: 224

Merit: 100

Quote from: kokojie on September 18, 2013, 03:57:44 PM

Quote from: matt4054 on September 18, 2013, 03:56:33 PM

Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)

lol so the address we all waited for is an empty address with nothing? so labcoin got ZERO bitcoins from supposedly mining for 2 weeks with at least 2TH?

If you have kept up with the updates, you would know that there have been some delays etc. The team is signing a clean address so that there will be zero questions that this is indeed the mining address used, and that all coins are indeed from the mining operation.

redbeans2012

hero member

Activity: 887

Merit: 1000

Quote from: zumzero on September 18, 2013, 03:56:52 PM

Quote from: ?? on ??

Quote from: TheSwede75 on September 18, 2013, 03:53:40 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.

lol....

dickhead

That's it. I am out of this security.

Cool does that mean you'll stay out of the thread too?

floatyfish

sr. member

Activity: 373

Merit: 250

Quote from: TheSwede75 on September 18, 2013, 03:53:40 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.

Could you also ask Sam for clarification on when investors should expect dividends?

AngelSky

hero member

Activity: 1008

Merit: 537

Total Received 0 BTC

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Here comes the panic sell again.... Shocked

velacreations

sr. member

Activity: 476

Merit: 250

an unsigned, empty address.

hahahahahahahahah!

superduh

hero member

Activity: 602

Merit: 500

0 btc @ this address. either most unluckiest company in the world or we've been lied to. wtfffff this shit again

TheSwede75

full member

Activity: 224

Merit: 100

Quote from: JohnyBigs on September 18, 2013, 03:54:21 PM

The troll FUDS is high in this thread imminent price rise expected. Within 24hours means before Wednesday ends. Cant wait for the morons to sell again and buy back for a loss, but the fact that the price hasnt dropped in the last 100 pages of FUD shows that most of the weak hands are gone.

I wouldn't call it FUD in all cases.

The fact is that Labcoin has missed mining target by a few days due to some unforeseen issues. ASIC mining with custom developed miners isn't always as easy as just plug and play, however I believe the team will prove the detractors wrong and in the next few days the mining hash rate will increase significantly. According to Sam the pool mining merge is a software issue and it is being resolved 'as we speak', after that it it simply a question of bringing hash rate online.

I have full understanding that there are many people that mistrust ASIC projects, as many of them (even the ones that were once 'untouchable') are having a very difficult time.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: matt4054 on September 18, 2013, 03:56:33 PM

Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)

lol so the address we all waited for is an empty address with nothing? so labcoin got ZERO bitcoins from supposedly mining for 2 weeks with at least 2TH?

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 351. (Read 1079974 times)