[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 647.

physalis

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Quote from: limbaugh on September 04, 2013, 08:01:33 PM

Oh really, where has this been confirmed that the chips are indeed working?

I'm sure you didn't miss the news today.

Quote from: labcoin on September 04, 2013, 10:31:19 AM

Deployment is proceeding according to plans and pictures of the devices will be revealed later. Hashing will start on the promised date.

When that is said just a few days before mining is supposed to start, it either means the chips are working, or LC is lying.

limbaugh

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Quote from: physalis on September 04, 2013, 07:58:39 PM

Since they are planning to start mining within 5 days, they have working chips already.

Oh really, where has this been confirmed that the chips are indeed working?

physalis

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Quote from: Vbs on September 04, 2013, 07:47:01 PM

You're using one month to estimate an APR figure??? On a market where diff rises at an exponential rate?

You're the one picking November and that ridiculous 5-6PH number. LC will already have been mining for months by then.
And yes, I can calculate an APR value for the given profit of a given timeframe.

Quote from: Vbs on September 04, 2013, 07:47:01 PM

Let's have some chips working first, since their big value is on getting hardware running sooner than later.

Since they are planning to start mining within 5 days, they have working chips already.

Vbs

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Quote from: physalis on September 04, 2013, 07:42:04 PM

Quote from: Vbs on September 04, 2013, 07:21:27 PM

If there's 5-6PH online in November and Labcoin effectively gets 50TH online, that's ~0.9% of the total network hashrate, earning around BTC1000 per month.

If that ridiculous 5-6PH figure will really come true by November (it won't), those 1000 btc per month will still give a 30% APR for LC shares at current price.
And that is if they really only have the 50TH and have no hardware sales. They actually plan on getting 200-300TH and will obviously also have a lot of hardware sales...
I don't even know what point you're trying to make. That making 1000BTC per month in a fucking 6PH network is too little?

You're using one month to estimate an APR figure??? On a market where diff rises at an exponential rate?

Let's have some chips working first, since their big value is on getting hardware running sooner than later.

Ytterbium

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Quote from: physalis on September 04, 2013, 07:42:04 PM

Quote from: Vbs on September 04, 2013, 07:21:27 PM

If there's 5-6PH online in November and Labcoin effectively gets 50TH online, that's ~0.9% of the total network hashrate, earning around BTC1000 per month.

If that ridiculous 5-6PH figure will really come true by November (it won't), those 1000 btc per month will still give a 30% APR for LC shares at current price.
And that is if they really only have the 50TH and have no hardware sales. They actually plan on getting 200-300TH and will obviously also have a lot of hardware sales...
I don't even know what point you're trying to make. That making 1000BTC per month in a fucking 6PH network is too little?

Still, I've always through Labcoin needs to be a lot more aggressive in getting Hashpower online. BTCGarden is planning on 1.5Th/s by November, but they need to raise money to deploy (thus their canceled IPO)

physalis

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Quote from: Vbs on September 04, 2013, 07:21:27 PM

If there's 5-6PH online in November and Labcoin effectively gets 50TH online, that's ~0.9% of the total network hashrate, earning around BTC1000 per month.

If that ridiculous 5-6PH figure will really come true by November (it won't), those 1000 btc per month will still give a 30% APR for LC shares at current price.
And that is if they really only have the 50TH and have no hardware sales. They actually plan on getting 200-300TH and will obviously also have a lot of hardware sales...
I don't even know what point you're trying to make. That making 1000BTC per month in a fucking 6PH network is too little?

creativex

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Quote from: Vbs on September 04, 2013, 07:21:27 PM

Quote from: Ytterbium on September 04, 2013, 07:05:14 PM

Quote from: physalis on September 04, 2013, 06:21:47 PM

Quote from: Vbs on September 04, 2013, 06:19:35 PM

You need 62.5 chips to get 1TH. On 256GH/s boards (16 chips@16GH/s), that's 4 boards for 1.024TH.

He probably meant you need 4000 boards for 1 PH...

Yeah, meant one PH, obviously.

If there's 5-6PH online in November and Labcoin effectively gets 50TH online, that's ~0.9% of the total network hashrate, earning around BTC1000 per month.

Quote from: labcoin on September 04, 2013, 10:26:51 AM

As we already stated, chip documentation isn't ready yet for public distribution.
We will start distribution to third parties when hashing power deployed will meet the goals we have set. This is our top priority right now.
We want to mention that we have received interview requests from several well know parties, CNN and Bloomberg being the most prominent and late progress with our 65nm design lead us to believe we will deploy 200-300 TH within 2013.

Obviously they've offered almost nothing by way of proof thus far, but that can be said about a few companies.

N_S

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Quote from: Vbs on September 04, 2013, 07:21:27 PM

If there's 5-6PH online in November and Labcoin effectively gets 50TH online, that's ~0.9% of the total network hashrate, earning around BTC1000 per month.

Whoa, 5-6PH in November? Is that remotely realistic? I've heard figures like 3-4PH by the years end...

Vbs

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Quote from: Ytterbium on September 04, 2013, 07:05:14 PM

Quote from: physalis on September 04, 2013, 06:21:47 PM

Quote from: Vbs on September 04, 2013, 06:19:35 PM

You need 62.5 chips to get 1TH. On 256GH/s boards (16 chips@16GH/s), that's 4 boards for 1.024TH.

He probably meant you need 4000 boards for 1 PH...

Yeah, meant one PH, obviously.

If there's 5-6PH online in November and Labcoin effectively gets 50TH online, that's ~0.9% of the total network hashrate, earning around BTC1000 per month.

Ytterbium

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Quote from: physalis on September 04, 2013, 06:21:47 PM

Quote from: Vbs on September 04, 2013, 06:19:35 PM

You need 62.5 chips to get 1TH. On 256GH/s boards (16 chips@16GH/s), that's 4 boards for 1.024TH.

He probably meant you need 4000 boards for 1 PH...

Yeah, meant one PH, obviously.

physalis

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Activity: 392

Merit: 250

Quote from: Vbs on September 04, 2013, 06:19:35 PM

You need 62.5 chips to get 1TH. On 256GH/s boards (16 chips@16GH/s), that's 4 boards for 1.024TH.

He probably meant you need 4000 boards for 1 PH...

Vbs

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Quote from: Ytterbium on September 04, 2013, 05:55:27 PM

I think most of the risk comes from the possibility the companies are just fake, or not going to do what they say they're going to do. Any contrary evidence should boost the price.

But other then that, most of the 'scheduled events' should already be priced in. Emphasis on should. The problem is these markets are tiny and full of n00bs.

I still think LC is the better deal in the short term, they may make more profit off their 50Th/s in October then ActM will off however much it's planning on making in November. We'll probably see up to 5-6Ph come online in November with Cointerra and HashFast. Plus however much comes online from KnC machines in October.

And in order to compete, ActM is going to need a lot of capital for things like PCBs, etc. 10 chips per board is 250Gh/s per board. You'd need 4,000 boards to get 1TH. Not a minor undertaking.

You need 62.5 chips to get 1TH. On 256GH/s boards (16 chips@16GH/s), that's 4 boards for 1.024TH.

Bitcycle

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Quote from: Ytterbium on September 04, 2013, 05:55:27 PM

I think most of the risk comes from the possibility the companies are just fake, or not going to do what they say they're going to do. Any contrary evidence should boost the price.

But other then that, most of the 'scheduled events' should already be priced in. Emphasis on should. The problem is these markets are tiny and full of n00bs.

I still think LC is the better deal in the short term, they may make more profit off their 50Th/s in October then ActM will off however much it's planning on making in November. We'll probably see up to 5-6Ph come online in November with Cointerra and HashFast. Plus however much comes online from KnC machines in October.

And in order to compete, ActM is going to need a lot of capital for things like PCBs, etc. 10 chips per board is 250Gh/s per board. You'd need 4,000 boards to get 1TH. Not a minor undertaking.

I'm now reasonably certain neither ActM or LC is fake, but there's still a good chance either or both of them are in over their heads. That's the risk that should be priced in now. That, and time preference.

Ytterbium

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I think most of the risk comes from the possibility the companies are just fake, or not going to do what they say they're going to do. Any contrary evidence should boost the price.

But other then that, most of the 'scheduled events' should already be priced in. Emphasis on should. The problem is these markets are tiny and full of n00bs.

I still think LC is the better deal in the short term, they may make more profit off their 50Th/s in October then ActM will off however much it's planning on making in November. We'll probably see up to 5-6Ph come online in November with Cointerra and HashFast. Plus however much comes online from KnC machines in October.

And in order to compete, ActM is going to need a lot of capital for things like PCBs, etc. 10 chips per board is 250Gh/s per board. You'd need 4,000 boards to get 1PH. Not a minor undertaking.

EDIT: (had originally typed 1TH, not 1PH)

Bitcycle

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The average "investor" in these stocks is an idiot.

A baby and his candy are soon parted.

N_S

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Quote from: physalis on September 04, 2013, 05:38:28 PM

I don't think their current price will be sustainable until end of November.

I've been surprised before, but I agree.

N_S

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Quote from: redbeans2012 on September 04, 2013, 05:33:47 PM

I sold just about my entire position in ACTM.. I like the company but I dont want my btc's tied up for 3 months. I'll invest again when the time comes.

I think this is about as good of a strategy as one could have at this point.

physalis

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Quote from: redbeans2012 on September 04, 2013, 05:33:47 PM

Quote from: physalis on September 04, 2013, 05:25:41 PM

Haha look at their share price doubling, even though nothing actually happened Roll Eyes

And now it drags on over the whole september, then the whole october, and then most of november...

I sold just about my entire position in ACTM.. I like the company but I dont want my btc's tied up for 3 months. I'll invest again when the time comes.

Did the same for the same reason a few weeks ago.
Guess I should have waited till the news release, but oh well... couldn't have made such good profit in LC then

I still expect that when LC starts mining, a lot will flock over from ActM. I don't think their current price will be sustainable until end of November.

AngelSky

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Quote from: redbeans2012 on September 04, 2013, 05:33:47 PM

Quote from: physalis on September 04, 2013, 05:25:41 PM

Haha look at their share price doubling, even though nothing actually happened Roll Eyes

And now it drags on over the whole september, then the whole october, and then most of november...

I sold just about my entire position in ACTM.. I like the company but I dont want my btc's tied up for 3 months. I'll invest again when the time comes.

ACTM are doing things right but people buying ACTM @ this price don't realize that this "news" is not for now but for.. 3 months like you said. I'm out from ACTM too now xD

redbeans2012

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Quote from: physalis on September 04, 2013, 05:25:41 PM

Haha look at their share price doubling, even though nothing actually happened Roll Eyes

And now it drags on over the whole september, then the whole october, and then most of november...

I sold just about my entire position in ACTM.. I like the company but I dont want my btc's tied up for 3 months. I'll invest again when the time comes.

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