Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 509. (Read 1079974 times)

Let me first say I agree with you, FUDsters gonna FUD.

But as a creative exercise, let me take up your challenge:

Released from Labcoin:

Ok folks, here is our mining address, and if you look at the two blocks mined in the meantime, and decrypt the meaningless random characters inserted into the header, you will find two IP addresses that are assigned to two live 24-hour webcams running in our mining facility, with built-in hashing calculator live onscreen. One of the cameras is focused on our PCB fab area where our workers are tirelessly constructing ASIC blades and installing them live before your eyes. Watch as the hashing counter jumps for each board installed.

You will be able to confirm this number because we have also decided to mine in Slush's pool, where we are user #XXXX, and you can monitor our progress there.

I have also uploaded a video of the bench tests for our new 65nm chips, and they are overperforming by 10%. I would also like to submit a copy of the receipt for our latest tape-out order, notarized in triplicate by Burnside, The Minister of Technology for the People's Republic of China, and guest celebrity investor Warren Buffett. All three of these fine gentlemen will be available for a 20 minute videoconference an hour after this release has been posted, where they will be answering the top four voted questions posted in this thread.

And finally I would like to thank the investors for their patience. We are all socially inept, yet brilliant technicians. We honestly didn't think that two days without updates would cause so much panic. I guess that is why twitter is more popular than Charles Dickens nowadays.

Anyways, to all the faithful: Greetings new digital millionaires!


I'd like to see a FUDster spin that one...

We don't need to wait until October.

I have been tracking all announced sales from all ASIC vendors since June, and I've been able to pretty accurately anticipate the difficulty month after month. I can tell you that the network hash rate will be about 1,300,000 mid October which means 50TH/s will generate BTC 4.4k in a month, divided by 10 million shares times 80% = 0.00035 BTC/share in dividends in October, or 10% of actual share price in just 1 month, while AsicMiner gives usually 1% per month, so just this simple math means that Labcoin could be worth 10x more already in October.

Then in December the network hash rate will be about almost 3,000,000 and 200TH/s will generate BTC 7.5k in a month, divided by 10 million shares times 80% = 0.0006 BTC/share or 20% of current price, so you see where this could go.

And this is not even counting with hardware sales, future chips, future increases in % of network hash rate, etc.

Whatever the news, I predict lots of this:

That would be ridiculous as that price reflected considerable uncertainty. 

It could happen, though.  This market is anything but rational.

The problem is the rest of the network will also be growing.  Labcoin may be growing faster, or slower, or they may be growing at the same rate. By the time we get to October, we should know more about the next few months of network size.

But for now, we're trying to estimate the right price for the stock after the news comes out.   Sadly, I don't think it'll hit 0.01 or anything crazy like that.

Interestingly, TheSeven mentioned to creativex that their 65nm design could be ported to smaller process nodes. Moving to a 40nm size would be a step in the right direction.  Moving to 28nm would drive everyone crazy since people are obsessed with that number, way more they should be. I don't know if they can afford NRE on a 28nm core, though.

So yeah, I'd love to see the price double but I think the best we can hope for is a return to what the share price had been before all these PR problems materialized, 0.0038-0.004

Oh yeah, for old time's sake

If they provide solid proof of hashing and it stabilizes at 0.004, I'm done with it.  Better opportunities elsewhere.

This is not right. You are forgetting a few things:

1) Hardware sales profits
2) Labcoin will not stop at 50TH/s, objective is 200TH/s in December
3) It will not stop at 200TH/s in December either, they will continue and their objective is to capture 15% of the Network in the long run.

So you cannot "annualize" the 50th/s dividends, it will be much more.

Right now it's about 967BTC to 0.004.  It was over 1000 earlier, but still.  That's over $100,000 of asks that would need  to be bought or filled to get to four.

Getting to 0.01 would take 4,000 BTC.  Like half a million dollars. I'm not seeing it.

I'd be happy with 0.004. We might see some flippers like with the ActM eASIC deal (okay, I was one of them) but the order book is too deep to see a huge spike, unless those asks evaporate.

Hashfast and cointerra combined did about $17 million in pre-orders. , at $7/Gh, that comes out to 2.4PH/s.  Combined with existing mining capcity at 0.8Ph/s if Labcoin captures 50Th/s like they've planed by the end of October, they're likely looking at 1.5% of the network at the start of November, if HashFast and cointerra ship quickly.

That means about 56 BTC/day (about 2 blocks), or 20k btc annualized. With 10m shares, that means an annualized dividend of just 0.00204.  I don't think people are going to value LC like ASICMiner right off the bat.

However, the dividend from October, before all this stuff hits the network should be pretty nice, although it will depend on how much hardware KnC ships in the same time frame.

Would it be a disaster if there were some positive news but the shareprice only went up to, let's say, 0.004 after an initial surge to 0.005?

I like people's optimism but even with good news, I can't see the price going that crazy, not when many speculators will start to sell the moment it reaches 0.0045.

hopefully nothing for another 3hrs

labcoin and Swede online, SO WHAT'S UP ?

Not following the soap opera as closely as you or I? .004 is a 300% gain over IPO price. .0075 is a...I think you get the point.

Oh, I'm not counting on anything - just saying that there are more asks between here and .004 than I remember ever seeing. That's a lot of inertia to overcome, even if asks are pulled (but, really - if someone is expecting good news, why wouldn't they put their asks at their actual target now instead of waiting?)

0.0075 is the big resistance point.  750 BTC in asks sitting there for some reason.

I do expect a LOT of fingers to be hovering over 'cancel' buttons in a few hours, on both sides of the book.

All they need to do is backup what has been said

I just can't wrap my head around how we could be at this point and then hear monumentally positive news...?

I mean, this isn't Hollywood.

We are taking a bet by holding the stock.

We've all seen how quickly those orders can vaporize/move in both directions. Counting on people leaving asks in place is a mistake, particularly as LC actually gave a date & time certain for news delivery for a change. .004(4x IPO) has been resistance thus far because LC has presented a whole lot of words with nothing much to back them. If/when those words get backed by something of even questionable merit many of those asks will disappear or get quickly eaten.

Gimme 3 hours or so and I'm sure I'll come up with something.

Who wants to make a bet then?  Are we sure there'll be news when that timer hits zero?