I can't believe I am hearing this crap at this point. If Labcoin had anything that they claimed it would be nothing to provide some real evidence. Nothing they have given us is verifiable. TheSwede75's recent statement regarding "once we get mining running..." was basically an admission that they are not mining. Not being able to provide pictures of completed boards and rigs is proof they are not hashing. Not being able to provide verifiable blocks is proof they are not hashing.
Lets assume your right? (not imho) and now? you sell? or already sold? whats next?
I already sold. At this point it about finishing Labcoin so that no one else gets hurt.
Labcoin already have the money so their success isn't dependant upon the share price. Ultimately, it depends on how their chips perform and the value they provide. We're about to find that out over the coming weeks.
They claim to currently have 2 Th/s and will be expanding to 20 Th/s in the next 20 days. They're not just bringing more hashing power online, they're also tweaking what's already running to optimise the whole system.
There's no proof whatsoever that they are not mining, just opinions. In fact, on the engineering side, from the updates we've had so far, Labcoin seem to be on schedule and possibly a bit ahead. When it has come to providing actual proof that would verify that Labcoin are in deed mining, Labcoin have failed miserably on that score. That is not proof that they're not hashing though, that's just proof of poor PR skills which I kind of expect from engineers anyway.
They've told us that this proof will be forthcoming over the next couple of weeks with the address being provided when mining is stabilised and around 10 TH/s.
Apart from the claimed good news about mining, what else has actually changed? The community has asked for specific things and has been told that those things will be provided within the next couple of weeks.
Sell all you want or buy all you want, it makes no difference to Labcoin. They'll keep bringing more hashing power online as they've already paid for the necessary hardware.
You have it completely backwards. There is NO proof that they are hashing or that they even have potentially function hardware. There is no argument in stating that "there is no proof they aren't hashing' - that means nothing. There is no proof that I am not a member of the Rothschild family plotting to takeover Bitcoin, either. That doesn't make legitimate an argument that claims I am.
You say, "They claim to have 2 TH/s..." and "They are not just bringin more hashing power online..." - you contradict yourself in the same sentence. We don't know that they have 2 TH/s let alone whether or not they plan on or have the capability to bring on more. You acknowledge that their claims are incredible and then assume that their grander claims somehow are credible.
