Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 431. (Read 1079974 times)

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.

And those guys were sooo dumb. A lot of them thought that if the price of labcoin crashed, people would take the bitcoins they got selling it and buy ActM.  What actually happened is that people got a serious wakeup call about the risks of investing in companies like this.  

ASICMiner had enormous margins to get things right. In fact, not only was no-one hashing when Friedcat got started, I don't think anyone was even hashing by the time he got his first chips (I don't remember if Avalon had shipped it's first demo boxes or not)

Now? The competition is absolutely massive.  Not just far worse then 2012, but far worse then even June or July. Not just KnC but Cointerra and HashFast, plus self-funded 'semi-private' companies focused on mining with their own chips like BTCGarden, Alydian, and Bitmine.ch.  There's really no room for error if you're going to start in November.

Obviously, if you look at what's going on with labcoin, it's not going to make people just blindly invest in ActM, it's going to make them a lot more aware of the potential risks. Seeing the titanic sink isn't going to make you want to immediately hop on the Olympus.

Of course, a lot of them are pretty damn dumb, but maybe with the price of their beloved ActM continuing to tank they actually figured it out. That would explain why they've been so quiet after their 'victory.'

Or, maybe they just think they've won and stopped paying attention.

Still, it is so extremely easy to stop this and actually make the price go up.

NOT AN UPDATE, JUST PERSONAL OPINION:

To be brutally honest. I realize that has been delays, and I also realize that communication has not always been what I wish we could provide. BUT, supporting day trading or providing updates at the whim of every single person that owns a share is just not priority.

If you do not believe Labcoin can deliver, or that somehow the team is running the world most advanced long-con ever you are well in your right to sell your shares.

The project is fully funded and I have personally 100% faith that Sam and the developers can and will deliver and though mining has been delayed, every single (even the most pessimistic) calculation I have done makes selling my shares anywhere near current price a bad idea.

I am not saying this to influence share price, but simply because it is getting a little tiring to see people yell and scream completely irrelevant information.

The chips that have been developed perform well within variance of what can be expected, boards have arrive and are arriving as we speak and mining will according to the team be up and running at production speeds within a week or two.

With 100,000+ chips already ordered I see no reason as to why the project would not yield a very healthy profit within the next month.

The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.

I know its easy to have 20/20 hindsight but I feel that frequent updates do more harm then good. Feel free to voice your opinion of course (as I am sure you will).

I guess asking for some measure of reason is futile but the best I can do is to inform as best as I can. Hopefully I will be able to look back at this thread in a few months and smile.

Edit: I can personally guarantee that no one on the Labcoin team has the Photoshop skills to fake the chip/board images. Source; engineers are not artists.

Except the fact that Labcoin is based in HK doesn't do shit for their mainland China partners. Also labcoin's facility is located in mainland China, not HK(where high real estate price and utility price will make this operation unfeasible).

The silence over the past few hours suggests that the ActM cheer-leading squad has taken a break from Labcoin, probably due to the fact that they have issues with their own share price - currently down to the IPO level on BTCT.

In the last 90 pages, 90% of the posts were posted by the heavily invested ActM FUDsters.

Still, it is so extremely easy to stop this and actually make the price go up.

If Labcoin doesn't have the intention to release new batches of shares soon, then it doesn't matter much what the share price does in the short term. The company has their money from the IPO in the pocket and while the owners will prefer their shares to increase in price, if their focus is on the long-term and/or repayment of share value through dividends, then short term drops, regardless of how large they are, don't affect them that much.

How can they just let this go on and on, watch people leave, sell their shares, see the price crash and do absolutely nothing about it?
How is this possible? Has anybody ever seen something like this?

Can anyone remind me where AsicMiner is located? You know, the company that has set the bar when it comes to mining operations, delivering hardware without doing pre orders, and which has consistently paid high dividends to their shareholders while their share price increased 5000% since the IPO?

Labcoin is in HongKong, not mainland china.  HK has a far more western-style legal system, and no death penalty. People in HK have a high degree of civil/human rights

+1 for importance