Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 503. (Read 1079974 times)

What could you possibly need a few more minutes to do? He's had 24 hours to get it done, if it's not done, it's not going to be done in a few minutes.

LOL And there's the dumping...

Thank you.

Registered.

I'm now afraid to ask more questions seems the bulling will start on the new guy

I wana spend around the $1,200 mark.  Bought the Bitcoins,
On Labcoin BTCT, how do I ensure I gain a fair share?

Gulp

aaaaand 8k shares dumped...  Down to 0.0032

UPDATE:

The Labcoin team is current tweaking boards and preparing for prodution
roll out of mining operation. Public mining address/Pool name will
be released as soon as the mining operation reaches a stable hash rate.

We are aware a lot of people are waiting for a address or pool name
where they can follow the hash rate and this is a priority, however
Labcoin also does not want the same kind of 'hysteria' that surrounds
ASICMINER every time pool rate drops or increases.

Once the miners have been deemed '100%' and can reliably mine 24/7 hash
rate will be made public and a new website will be launched where
shareholders can follow the growth in hash rate.

The 130 nm Chips run at approx 1.8 GH/s and the boards are still being
tweaked and tested so that once full production roll out starts
(approx 1-2 weeks) they will mine reliably 24/7

Labcoin has already ordered and will take delivery of OVER 100,000 chips
with accompanying boards and controllers for miner production and
rollout through the month of October.

Within 20 days (early Oct) approx 20TH will be online. Hash rate will
then progressively reach over 50TH of mining power during the month
of October as miners are brought online.

The mining operation will then be scaled up as miners are deployed and
will reach and pass 100TH+ in November to reach 500TH during the
month of December.

Other news:

Gen 2 65nm development is on track. Due to the fast increase in network
diff Labcoin will likely not sell or
ship volume 130nm orders but rather work towards quick tape out and
first run of 65 nm for bulk customer orders and consumer miners.

The 130 nm chips are still highly profitable for mining in datacenter in
China due to the short lead time and availabilty of resources etc.

Labcoin sees no reason to risk shipping chips at this point when the
team can just build miners on-site in China and reach very high
revenue mining with the chips instead of selling them to end users.


TLDR; Miners are being tweaked and tested still and deployment of
'significant' hash rate will be happening in the next two weeks, to reach
approx 20TH within 20 days. During October 50TH+ will be rolled out, to
reach 100TH+ in November and 500TH during the month of December.
65 nm is on track.

I will also post pictures of board and chips in about 2minutes.

Edit: here are chips and boards.http://imgur.com/4yuBc9A

To clarify. Hash goal for Dec is 500th+ and that is from chips that are already ordered using IPO funds. Short term goal is 20 TH within 20 days, 50TH in Oct and 100+ in November. We consider it likely that we surpass both Oct and November goals.

Avalanche!

Best to temporarily turn off authenticator (just for trades) in times like these.

TOLD YOU BUT YOU WOULDN'T LISTEN.

WHO'S GONNA START THE BIG SELL...


EDIT:  seems it's begun 

In regards to time, "approx." is universally accepted to be +/- 15 min.

Likewise!

chat.freenode.net

Google authenticator at the ready!

So... how much time does saying "approx." twice buy till the torches and pitchforks come out?

I'm learning to fly, around the clouds,
But what goes up must come down

I'm learning to fly, but I ain't got wings
Coming down is the hardest thing...

what server ?

He is online.

Hold steady guys, this ship is still floating!

Everything seems to be alr....AHHHHHHHH!!!!

Why the fuck do they do this shit?

HAPPY NEWYEAR!!!!!!!!!!!