Calm down. Whether or not they babysit the thread is completely irrelevant to how much money they make.
I don't think Labcoin is a scam with vaporware chips like some people - but I'd like to see the share price go up, which would be more likely to happen if they hash in a verifiable way. Like, how difficult would it be to say "Any coins mined will be sent to address 1LABCOINa35LKJgakl..." or whatever.
Unfortunately, it does look shady. It's the kind of thing someone would do if they wanted to ripoff their shareholders.
Exactly right. This is entirely my point.
Right, but until this I haven't really had much of a problem with the way they've been doing things. A lot of the complaints and FUD have been pretty ridiculous. the whole "WE NEED PICTURES NAO" stuff, as if people with $700k in IPO money couldn't stage a photo (they wouldn't even need Photoshop, just produce a couple custom circuit boards and put fake chips on them. You can have prototype boards produced in 24h)
The only reason I can think of to do solo mining would be that they hadn't coded a pooling interface for their hardware, or if their pooling interface performs poorly or something.
If they are going to do solo mining, they should at least tell us the address that the coins will be going too so we can monitor progress before they get their block signing code done.
Like I said, I don't think it's a scam at this point, but the share price should be going up instead of down, and hashing in a verifiable way should be helpful (yes, they could be using other hardware, but at least we'll be able to see they have something)
