[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 417.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: drawingthesun on September 16, 2013, 03:21:29 AM

pankkake, Labcoin is hashing with their own rig, the address has been posted back a few pages and my Active Mining investment is about vaporise.

I don't see a relation with ActiveMining.

Well it does, because once Labcoin prove they are hashing Active will probably die, the two main stocks for mining companies on BTCT.co is Active and Lab, who gets there first....

(Also you frequent the Active threads as much as Labcoin threads and I know how much you think us Active holders are idiots (And probably right)

Quote from: ?? on ??

Quote

I hope your having a better day than I am.

And yes I hold Labcoin, but no where near as much as my Active position unfortunately.

Or is this a joke I'm not getting?

No not a joke I'm just sad and wanted to say something. Hopefully if Labcoin takes off it will counter my Active position a little, do you agree?

KCBitcoin

full member

Activity: 224

Merit: 100

Quote from: limbaugh on September 16, 2013, 01:36:02 AM

Quote from: HeRetiK on September 16, 2013, 01:32:52 AM

I'm really interested to see whether they'll show something tangible until Wednesday. Their other news posts and "proof" so far were rather underwhelming. Right now all they have are Schroedinger chips.

I'm betting Lacoin will provide what he said and early at that. There is no reason not to at this point.

If Lacoin would provide what he said and early at that, they wouldn't be Labcoin anymore.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: ?? on ??

I don't get it. Now Labcoin is supposed to have been hashing for a while with Avalons?

pankkake, Labcoin is hashing with their own rig, the address has been posted back a few pages and my Active Mining investment is about vaporise.

I hope your having a better day than I am.

And yes I hold Labcoin, but no where near as much as my Active position unfortunately.

HuLaN

member

Activity: 66

Merit: 10

Quote from: ?? on ??

I don't get it. Now Labcoin is supposed to have been hashing for a while with Avalons?

Hey, at least they are hashing, right.. ? Roll Eyes

bittymitty

sr. member

Activity: 294

Merit: 250

Pictures make people confused and confused people do stupid things...

HuLaN

member

Activity: 66

Merit: 10

Quote from: BitThink on September 16, 2013, 02:52:44 AM

Quote from: HuLaN on September 16, 2013, 02:39:48 AM

Quote from: BitThink on September 16, 2013, 01:51:14 AM

Possible outcomes in this Wednesday: (from the best scenario to the worst)
1, Labcoin provides a mining address and a signed message. There're 1 - 2 blocks mined there.
..

Considering that Labcoin have at least ~0.5TH of mining equipment from other vendors, including a few Avalons - quoted below, a signed mining address does not prove that their PCB and chips are working and hashing.. A mining address, technical specification of chip, proper photos/videos of setup will help on the way though.

Quote from: labcoin on June 24, 2013, 03:21:10 PM

Quote from: dvdrewritable on June 24, 2013, 03:10:47 PM

Quote

We own and run several machines. checkout the team labcoin at btcguild

aren't these your avalons? http://imgur.com/Eg7IlOw

and what is role of Fabrizio in this venture?

Yep. they are.

Fabrizio Tatti is the majority shareholder and CEO of iTec-Pro Limited actually.

Cheers

Yes, but with a mining address, we can estimate the hashing rate by monitoring it.

Of course, even the 2Th is confirmed (may takes several days or even weeks due to solo mining), this still cannot rule out the possibility that the hashing rate is bought from others.

That's the reason labcoin insisted the final decision needs to be done by the end of October, the date all their 1-gen chips are deployed and whether the 2-gen chips work or not is confirmed.

Seems like something that SHOULD take 5mins to generate; proper videos / photos, technical specs (which there is ZERO reason for them to not release) would be a hell of a lot easier then have people wait until end of October.. Huh

I guess all I'm saying is that a mining address by itself doesn't prove anything.

tucenaber

sr. member

Activity: 337

Merit: 252

Quote from: BitThink on September 16, 2013, 02:21:13 AM

'Average' means there's 50% chance that no blocks will be mined after 83 hours.

No. That is not what it means.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: HuLaN on September 16, 2013, 02:39:48 AM

Quote from: BitThink on September 16, 2013, 01:51:14 AM

Possible outcomes in this Wednesday: (from the best scenario to the worst)
1, Labcoin provides a mining address and a signed message. There're 1 - 2 blocks mined there.
..

Considering that Labcoin have at least ~0.5TH of mining equipment from other vendors, including a few Avalons - quoted below, a signed mining address does not prove that their PCB and chips are working and hashing.. A mining address, technical specification of chip, proper photos/videos of setup will help on the way though.

Quote from: labcoin on June 24, 2013, 03:21:10 PM

Quote from: dvdrewritable on June 24, 2013, 03:10:47 PM

Quote

We own and run several machines. checkout the team labcoin at btcguild

aren't these your avalons? http://imgur.com/Eg7IlOw

and what is role of Fabrizio in this venture?

Yep. they are.

Fabrizio Tatti is the majority shareholder and CEO of iTec-Pro Limited actually.

Cheers

Yes, but with a mining address, we can estimate the hashing rate by monitoring it.

Of course, even the 2Th is confirmed (may takes several days or even weeks due to solo mining), this still cannot rule out the possibility that the hashing rate is bought from others.

That's the reason labcoin insisted the final decision needs to be done by the end of October, the date all their 1-gen chips are deployed and whether the 2-gen chips work or not is confirmed.

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: VolanicEruptor on September 16, 2013, 02:27:07 AM

Quote from: Bitcycle on September 16, 2013, 02:25:14 AM

Maybe they've got 10 TH online now and just want enough blocks to show it.

Roll Eyes

Maybe they are holding friedcat captive and stealing his hash rate.. this would explain a lot

Now when you mentioned friedcat, I just remembered that he experienced a few weeks delay on his new blades!
They were announced for delivery in July but arrived in August due to some technical issues.

It just shows that these types of technical issues can happen even to the industry leaders.

HuLaN

member

Activity: 66

Merit: 10

Quote from: BitThink on September 16, 2013, 01:51:14 AM

Possible outcomes in this Wednesday: (from the best scenario to the worst)
1, Labcoin provides a mining address and a signed message. There're 1 - 2 blocks mined there.
..

Considering that Labcoin have at least ~0.5TH of mining equipment from other vendors, including a few Avalons - quoted below, a signed mining address does not prove that their PCB and chips are working and hashing.. A mining address, technical specification of chip, proper photos/videos of setup will help on the way though.

Quote from: labcoin on June 24, 2013, 03:21:10 PM

Quote from: dvdrewritable on June 24, 2013, 03:10:47 PM

Quote

We own and run several machines. checkout the team labcoin at btcguild

aren't these your avalons? http://imgur.com/Eg7IlOw

and what is role of Fabrizio in this venture?

Yep. they are.

Fabrizio Tatti is the majority shareholder and CEO of iTec-Pro Limited actually.

Cheers

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: Bitcycle on September 16, 2013, 02:25:14 AM

Maybe they've got 10 TH online now and just want enough blocks to show it.

Roll Eyes

Maybe they are holding friedcat captive and stealing his hash rate.. this would explain a lot

Bitcycle

sr. member

Activity: 420

Merit: 250

Maybe they've got 10 TH online now and just want enough blocks to show it.

Roll Eyes

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: BitThink on September 16, 2013, 02:21:13 AM

'Average' means there's 50% chance that no blocks will be mined after 83 hours. I don't think labcoin has the luxury of credibility to gamble on this. They should already know that they cannot afford another delay any more, so this time they should not take any risk in announcing a date without 100% confidence.

Maybe they already found a block, but they're hoping for 1 more before the announcement. That wouldn't be a gamble..

BitThink

legendary

Activity: 882

Merit: 1000

'Average' means there's 50% chance that no blocks will be mined after 83 hours. I don't think labcoin has the luxury of credibility to gamble on this. They should already know that they cannot afford another delay any more, so this time they should not take any risk in announcing a date without 100% confidence.

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: redphlegm on September 16, 2013, 02:07:11 AM

I've been watching this for a while and have some stake in the game here but I have a serious question. Why Wednesday for the address for mining? Or more specifically, why would they need to supply a future date for an address for mining at all? Hardware and all that can of course cause delays but an address can be generated at any point. Why not supply the address now? What rational explanation is there for this? I'm genuinely trying to think of a rational reason and I can't. Am I missing something?

Not meant to stir the pot (though I'm sure naysayers will answer "because it's a scam, duh") but rather trying to understand it.

Responses appreciated.

And the answer is.....

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: redphlegm on September 16, 2013, 02:07:11 AM

I've been watching this for a while and have some stake in the game here but I have a serious question. Why Wednesday for the address for mining? Or more specifically, why would they need to supply a future date for an address for mining at all? Hardware and all that can of course cause delays but an address can be generated at any point. Why not supply the address now? What rational explanation is there for this? I'm genuinely trying to think of a rational reason and I can't. Am I missing something?

Not meant to stir the pot (though I'm sure naysayers will answer "because it's a scam, duh") but rather trying to understand it.

Responses appreciated.

it takes an average of 83 hours to solve a block at 2TH/S
they want 1-2 blocks solved before they post the address
good theory
amazing company
etc.

JohnyBigs

sr. member

Activity: 560

Merit: 250

Quote from: redphlegm on September 16, 2013, 02:07:11 AM

I've been watching this for a while and have some stake in the game here but I have a serious question. Why Wednesday for the address for mining? Or more specifically, why would they need to supply a future date for an address for mining at all? Hardware and all that can of course cause delays but an address can be generated at any point. Why not supply the address now? What rational explanation is there for this? I'm genuinely trying to think of a rational reason and I can't. Am I missing something?

Not meant to stir the pot (though I'm sure naysayers will answer "because it's a scam, duh") but rather trying to understand it.

Responses appreciated.

Because what's the point of posting an address that's not mining and empty? simplest answer.

HeRetiK

legendary

Activity: 3038

Merit: 2166

Playgram - The Telegram Casino

Quote from: BitThink on September 16, 2013, 01:51:14 AM

Possible outcomes in this Wednesday: (from the best scenario to the worst)
1, Labcoin provides a mining address and a signed message. There're 1 - 2 blocks mined there.
2, Labcoin provides a mining address and a signed message, but there're no block mined yet.
3, Labcoin provides a mining address without a signed message.
4, Labcoin says "mining address will be given soon. We are still tweaking the miner"
5, Labcoin never appears and there's no update forever.

Assign each item a probability based on your prediction and make a decision based on it. I believe that's more useful thing to do than fighting with each other.

6, Labcoin posts shaky photographs of a computer screen showing blockchain.info
7, Labcoin says "there are no chips, the hashpower has been in your hearts all along"

redphlegm

sr. member

Activity: 246

Merit: 250

My spoon is too big!

I've been watching this for a while and have some stake in the game here but I have a serious question. Why Wednesday for the address for mining? Or more specifically, why would they need to supply a future date for an address for mining at all? Hardware and all that can of course cause delays but an address can be generated at any point. Why not supply the address now? What rational explanation is there for this? I'm genuinely trying to think of a rational reason and I can't. Am I missing something?

Not meant to stir the pot (though I'm sure naysayers will answer "because it's a scam, duh") but rather trying to understand it.

Responses appreciated.

limbaugh

legendary

Activity: 1311

Merit: 1000

Quote from: AngelSky on September 16, 2013, 02:01:46 AM

Quote from: limbaugh on September 16, 2013, 01:36:02 AM

Quote from: HeRetiK on September 16, 2013, 01:32:52 AM

I'm really interested to see whether they'll show something tangible until Wednesday. Their other news posts and "proof" so far were rather underwhelming. Right now all they have are Schroedinger chips.

I'm betting Lacoin will provide what he said and early at that. There is no reason not to at this point.

And what if they don't? Hmm.... this is going to be the best *boum* ever.

Of course if he doesn't provide there will be a small correction.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 417. (Read 1079974 times)