[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 473.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: mixdio on September 14, 2013, 12:57:18 AM

Quote from: bitrocket on September 14, 2013, 12:40:05 AM

****WARNING to all Labcoin Shareholders****

People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.

I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.

I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.

+1

No power circuitry, no vias, no ground plane. This board looks very odd.

Another option is that the PCB manufacturer completely fucked up with incorrect boards.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: mixdio on September 14, 2013, 12:57:18 AM

No power circuitry, no vias, no ground plane. This board looks very odd.

I don't understand how they can even get the PCB wrong.

mixdio

newbie

Activity: 20

Merit: 0

Quote from: bitrocket on September 14, 2013, 12:40:05 AM

****WARNING to all Labcoin Shareholders****

People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.

I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.

I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.

+1

No power circuitry, no vias, no ground plane. This board looks very odd.

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: Vigil on September 14, 2013, 12:55:02 AM

Quote from: Bitcycle on September 14, 2013, 12:52:55 AM

Quote from: Vigil on September 14, 2013, 12:51:44 AM

The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.

Dude, wirewrapping.

Now the deployment delays make total sense!

Labcoin's ASIC boards - completed.

We are fine!

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: Vigil on September 14, 2013, 12:55:02 AM

Labcoin's ASIC boards - completed.

That looks more like 5 mm technology but still looks so real compared to their pic Grin

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Rawted on September 14, 2013, 12:55:32 AM

What is this off to the side?

Just a camera defect. Nothing too concerning.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Rawted on September 14, 2013, 12:55:32 AM

What is this off to the side?

A rat turd.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: JohnyBigs on September 14, 2013, 12:11:31 AM

.0023

I think this is the last chance to get out Johny. You are lucky muppets have buy orders set so high (0.0023)

Rawted

hero member

Activity: 742

Merit: 500

What is this off to the side?

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Bitcycle on September 14, 2013, 12:52:55 AM

Quote from: Vigil on September 14, 2013, 12:51:44 AM

The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.

Dude, wirewrapping.

Now the deployment delays make total sense!

Labcoin's ASIC boards - completed.

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: Bitcycle on September 14, 2013, 12:51:54 AM

"We haven't solved a block yet, but when we do, the solution will contain the digits '0,1,2,3,4,5,6,7,8,9'."

AND the hash of the block will start with plenty of zeroes, promised!

AngelSky

hero member

Activity: 1008

Merit: 537

I found the labcoin lab. Here is the picture of some people curious about this guy called "labcoin" taking photos:

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: Vigil on September 14, 2013, 12:51:44 AM

The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.

Dude, wirewrapping.

Now the deployment delays make total sense!

Bitcycle

sr. member

Activity: 420

Merit: 250

"We haven't solved a block yet, but when we do, the solution will contain the digits '0,1,2,3,4,5,6,7,8,9'."

Vigil

sr. member

Activity: 378

Merit: 250

The PCBs are not functional - there is no trace leading to the chips. IOW, they cannot work regardless.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: Bitcycle on September 14, 2013, 12:45:34 AM

Heh. This pic still cracks me up.

It shows they have chips and circuit boards. It doesn't show that they have the expertise to know what to do with them.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Bitcycle on September 14, 2013, 12:45:34 AM

Heh. This pic still cracks me up.

Those boards look nothing like the board on the website and as was mentioned, no traces going to the chips.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: limbaugh on September 14, 2013, 12:41:37 AM

Quote from: bitrocket on September 14, 2013, 12:40:05 AM

****WARNING to all Labcoin Shareholders****

People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.

I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.

I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.

Thanks, but I think the regulars here are already out. There seems to be only one cheerleader left - he still own some.lol

It's not a bad idea to own a small small percent and treat it as a complete gamble because thats what it is. Just be prepared to see fall to IPO prices at least over the next several days. If they give a significant update or pay dividends it could rise but they'll have to do that before Oct 30th. I think if you got in at IPO you're fairly safe to stay in but if you got in at above 0.002 you can expect to lose money. People aren't going to pay much more than the IPO price.

The real question is why make investors wait all week for bad news? They could have announced the bad news at the beginning of the week and it would have been smarter because payday is Friday and some people would have boosted the price back up for a weekend recovery.

matt4054

legendary

Activity: 1946

Merit: 1035

LABCOIN hashing rate for the 6 weeks to come:

Bitcycle

sr. member

Activity: 420

Merit: 250

Heh. This pic still cracks me up.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 473. (Read 1079974 times)