[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 446.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: JohnyBigs on September 14, 2013, 11:41:49 AM

Quote from: Mabsark on September 14, 2013, 11:35:03 AM

Quote from: drawingthesun on September 14, 2013, 11:31:43 AM

Quote from: boyohi on September 14, 2013, 11:08:23 AM

I own both AM and LC.

If they have a rig why not post pictures?

No idea.

Look at this picture though. Notice how some of the chips are missing?

The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

Like I said before even if they are mining 2TH is nothing compared to 20TH in about 3 weeks, then 50TH, then 500TH. The fact that they have chips and boards is amazing when all the other companies just have dicks in their hands. Its only a matter of time they get everything worked out and 100, 000 chips come online.

I can have some chips in my hands too, can I prove they can hash? No. Did labcoin prove their chips can hash? No, so Labcoin has basically the samething as I do, just some chips.

The difference is labcoin claimed they can indeed hash, and is actually hashing at supposedly 4TH atm, yet they refuse to provide ANY proof at all.

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: Bitcycle on September 14, 2013, 11:32:21 AM

Quote from: Mabsark on September 14, 2013, 11:31:08 AM

Quote from: kokojie on September 14, 2013, 11:28:49 AM

Quote from: Mabsark on September 14, 2013, 11:16:39 AM

Okay, so you admit that they have chips and boards. Do you admit that it's possible that Labcoin could assemble that hardware and mine with it? If that's possible, then clearly it's illogical to insist that Labcoin are definitely not mining.

The missing chips from the tray suggest that some miners have been assembled.

They have shown things that looks like some chips and boards, but it means nothing.

How do we know they work? by mining with them, and how do we know they are mining, but seeing proof. Their update claim they have been mining with 2TH since a week ago, and should be now at 4TH. Yet the most critical thing is actually showing us at least some proof (apparently live hash rate like what ASICMINER did is too much to ask?). We would've been content with a simple mining reward address, yet so far ZERO proof has shown.

You didn't get the proof you wanted, that doesn't mean they're not mining though. The fact that some chips are missing from the tray suggests that they are being used.

Why do you assume the tray was ever full?

Well, if it wasn't and we assume that the tray contains all LC's chips, then that 9 * 8 = 72 chips with each tray containing 160 chips. Why such an odd number? It would make more sense if there were 80 chips or the tray was full, but 72 chips makes it less plausible.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Mab, you have been at this for hours now. Go out for a walk and get some fresh air. Perhaps that might allow the truth to seep in. It's over before it begun. Accept the inevitable.

JohnyBigs

sr. member

Activity: 560

Merit: 250

Quote from: Mabsark on September 14, 2013, 11:35:03 AM

Quote from: drawingthesun on September 14, 2013, 11:31:43 AM

Quote from: boyohi on September 14, 2013, 11:08:23 AM

I own both AM and LC.

If they have a rig why not post pictures?

No idea.

Look at this picture though. Notice how some of the chips are missing?

The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

Like I said before even if they are mining 2TH is nothing compared to 20TH in about 3 weeks, then 50TH, then 500TH. The fact that they have chips and boards is amazing when all the other companies just have dicks in their hands. Its only a matter of time they get everything worked out and 100, 000 chips come online.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Mabsark on September 14, 2013, 11:35:03 AM

The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

If they have a rig, then posting the rig and assembled boards makes more sense than posting these parts. (In fact why not just post both?)

There is no evidence pointing towards a 2TH/s rig existing at all. Its likely the missing chips have been taken off to do hash testing (and they got a few to hash) but no combined rig exists and their 2TH/s claim comes from a expectation that full assembly would have been far easier than it actually is.

Have they actually been solomining with a 2TH/s rig? I don't think so. Have they taken some chips and managed to maybe get them to hash? Perhaps.

Bitcycle

sr. member

Activity: 420

Merit: 250

It's ridiculous to argue about whether they're mining or not.

They are not.

crumbs

full member

Activity: 210

Merit: 100

ITT: Dumbstruck mother running her fingers through bloody bits of brain and bone, chanting between shrieks: "You'll be 0K, honey, it's ok, you're ok ok? baby you'll be ok oh god oh god."

She won't be comforted or lead away from the grisly scene -- the only kind thing left to do is leave, quietly closing the door behind you.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: Mabsark on September 14, 2013, 11:31:08 AM

Quote from: kokojie on September 14, 2013, 11:28:49 AM

Quote from: Mabsark on September 14, 2013, 11:16:39 AM

Okay, so you admit that they have chips and boards. Do you admit that it's possible that Labcoin could assemble that hardware and mine with it? If that's possible, then clearly it's illogical to insist that Labcoin are definitely not mining.

The missing chips from the tray suggest that some miners have been assembled.

They have shown things that looks like some chips and boards, but it means nothing.

How do we know they work? by mining with them, and how do we know they are mining, but seeing proof. Their update claim they have been mining with 2TH since a week ago, and should be now at 4TH. Yet the most critical thing is actually showing us at least some proof (apparently live hash rate like what ASICMINER did is too much to ask?). We would've been content with a simple mining reward address, yet so far ZERO proof has shown.

You didn't get the proof you wanted, that doesn't mean they're not mining though. The fact that some chips are missing from the tray suggests that they are being used.

You seem to talk a lot about what's logical or illogical. So is it logical that if they are indeed been mining with 2TH for over a week, that they refuse to provide a single thread of proof that they are mining and let their share price to be cut in half? Keep in mind proving they are mining is extremely easy, takes no more than 5 minutes.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: Mabsark on September 14, 2013, 11:31:08 AM

You didn't get the proof ~~you wanted~~ they promised

FTFY

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: drawingthesun on September 14, 2013, 11:31:43 AM

Quote from: boyohi on September 14, 2013, 11:08:23 AM

I own both AM and LC.

If they have a rig why not post pictures?

No idea.

Look at this picture though. Notice how some of the chips are missing?

The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

Zakryze

sr. member

Activity: 308

Merit: 250

Quote from: drawingthesun on September 14, 2013, 11:31:43 AM

Quote from: boyohi on September 14, 2013, 11:08:23 AM

I own both AM and LC.

If they have a rig why not post pictures?

because they want only true fanboys like mabsark to stay with them, its obvious ^^

tucenaber

sr. member

Activity: 337

Merit: 252

Quote from: velacreations on September 14, 2013, 11:22:20 AM

Not many are for sale, because most people already got out.

And what do you think did they with their shares? Burned them?

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Mabsark on September 14, 2013, 11:31:08 AM

You didn't get the proof you wanted, that doesn't mean they're not mining though. The fact that some chips are missing from the tray suggests that they are being used.

Some chips missing from the tray? Thats enough to get you invested in something?

Send 200 bitcoin to 1BkcBNxVGrYhA1aGjiYRZkJr1Weh6Qs2KS and I will return 500 bitcoin.

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: Mabsark on September 14, 2013, 11:31:08 AM

Quote from: kokojie on September 14, 2013, 11:28:49 AM

Quote from: Mabsark on September 14, 2013, 11:16:39 AM

Okay, so you admit that they have chips and boards. Do you admit that it's possible that Labcoin could assemble that hardware and mine with it? If that's possible, then clearly it's illogical to insist that Labcoin are definitely not mining.

The missing chips from the tray suggest that some miners have been assembled.

They have shown things that looks like some chips and boards, but it means nothing.

How do we know they work? by mining with them, and how do we know they are mining, but seeing proof. Their update claim they have been mining with 2TH since a week ago, and should be now at 4TH. Yet the most critical thing is actually showing us at least some proof (apparently live hash rate like what ASICMINER did is too much to ask?). We would've been content with a simple mining reward address, yet so far ZERO proof has shown.

You didn't get the proof you wanted, that doesn't mean they're not mining though. The fact that some chips are missing from the tray suggests that they are being used.

Why do you assume the tray was ever full?

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: boyohi on September 14, 2013, 11:08:23 AM

I own both AM and LC.

If they have a rig why not post pictures?

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: kokojie on September 14, 2013, 11:28:49 AM

Quote from: Mabsark on September 14, 2013, 11:16:39 AM

Okay, so you admit that they have chips and boards. Do you admit that it's possible that Labcoin could assemble that hardware and mine with it? If that's possible, then clearly it's illogical to insist that Labcoin are definitely not mining.

The missing chips from the tray suggest that some miners have been assembled.

They have shown things that looks like some chips and boards, but it means nothing.

How do we know they work? by mining with them, and how do we know they are mining, but seeing proof. Their update claim they have been mining with 2TH since a week ago, and should be now at 4TH. Yet the most critical thing is actually showing us at least some proof (apparently live hash rate like what ASICMINER did is too much to ask?). We would've been content with a simple mining reward address, yet so far ZERO proof has shown.

You didn't get the proof you wanted, that doesn't mean they're not mining though. The fact that some chips are missing from the tray suggests that they are being used.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: Mabsark on September 14, 2013, 11:16:39 AM

Okay, so you admit that they have chips and boards. Do you admit that it's possible that Labcoin could assemble that hardware and mine with it? If that's possible, then clearly it's illogical to insist that Labcoin are definitely not mining.

The missing chips from the tray suggest that some miners have been assembled.

They have shown things that looks like some chips and boards, but it means nothing.

How do we know they work? by mining with them, and how do we know they are mining, by seeing proof. Their update claim they have been mining with 2TH since over a week ago, and should be now at 4TH. Yet the most critical thing is actually showing us at least some proof (apparently live hash rate like what ASICMINER did is too much to ask?). We would've been content with a simple mining reward address, yet so far ZERO proof has shown.

Bitcycle

sr. member

Activity: 420

Merit: 250

With no updates planned until October 30, this stock is in for 6 weeks of slow decline, at best.

klee

legendary

Activity: 1498

Merit: 1000

Quote from: boyohi on September 14, 2013, 11:08:23 AM

Quote from: Bitcycle on September 14, 2013, 11:03:26 AM

Quote from: demzie on September 14, 2013, 10:59:47 AM

And if they are not hashing, they are not hashing?!! so whats the problem? Go invest in ASICMINER; get lost!

I'm going to stay right here.

And say it again-

They are not hashing. They have nothing online.

They do not have an assembled board.

They never said they were not hashing. They just said 2TH but not 100% up time need tweaks. I'm perfectly fine holding on to LC. I do admit they need some PR lessons but things aren't looking too well on AM also.

I own both AM and LC.

Is your stomach ok? Wink

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: velacreations on September 14, 2013, 11:22:20 AM

Quote from: damiano on September 14, 2013, 11:20:03 AM

970k out of the 7 million shares currently for sale

Not to bad considering what happened

24 hours volume: 1,314,494 shares
7 day volume: 3,337,559 shares

Not many are for sale, because most people already got out.

we will see

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 446. (Read 1079974 times)