[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 707.

dexX7

legendary

Activity: 1106

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Quote from: creativex on August 28, 2013, 09:00:10 AM

Wasn't it supposed to be 6Th worth of chips? Do we know what happened to the rest of the chips? I wonder if there's a serious yield problem. 130nm is so mature at this point that yields should be very predictably high.

It's not only about the chips. They stated that 500 boards are on order and that they start hashing the first week of September. Full deployment of 50 TH/s in October.

Vigil

sr. member

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Merit: 250

Here it comes - back up again.

yuansuyi

member

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Quote from: richard_dein on August 28, 2013, 09:06:47 AM

Quote from: yuansuyi on August 28, 2013, 08:45:13 AM

you are wrong.

Ok, I misinterpreted his rationale. In that way I would give a 4TH/s evaluation of even less than the current price, perhaps less than 0.003.

On the other hand, Labcoin isn't about its September hashrate, but its potential to keep a network percentage and making profits; same with AM. The charts on page 1 are reasonable, and you can see the current prices can be justified by around effectively 1% network share.

you wrong again.
if LABCOIN has 4TH now, share price could be 0.075 compared to AM without other facts(only take hashrate in account).

AngelSky

hero member

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These market sells are pretty funny Grin

Mutated btc

member

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Quote from: creativex on August 28, 2013, 09:05:24 AM

Quote from: Vigil on August 28, 2013, 09:02:28 AM

Quote from: creativex on August 28, 2013, 09:00:10 AM

Wasn't it supposed to be 6Th worth of chips? Do we know what happened to the rest of the chips? I wonder if there's a serious yield problem. 130nm is so mature at this point that yields should be very predictably high.

They are starting it up at 4TH and then ramp it up to 6TH. He stated that.

Thanks. Who's "he" in this case? The official release says only:

Quote

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

not sure what you guys thinking, full speed within october = adding more miners

the batch i believe can go 6TH as i see

cw92

member

Activity: 66

Merit: 10

Quote from: physalis on August 28, 2013, 09:05:27 AM

Quote from: stereotype on August 28, 2013, 09:04:02 AM

Quote from: creativex on August 28, 2013, 09:00:10 AM

Wasn't it supposed to be 6Th worth of chips? Do we know what happened to the rest of the chips? I wonder if there's a serious yield problem. 130nm is so mature at this point that yields should be very predictably high.

No explanation.

See how easy that was of LC, just brushing aside 30-50% of what was expected. Share price says confidence is waning.

Blablablabla.
They sold the rest, like it was planned and announced.

When was that planned or announced?

physalis

sr. member

Activity: 392

Merit: 250

6 TH is their complete first chip order.

They said they sold bulk order of chips (not going to wade through the thread now to find where), so everything we get hashing will of course be < 6 TH.
But we get the money from the chip sale in the dividends, so that's completely fine.

richard_dein

member

Activity: 63

Merit: 10

Quote from: yuansuyi on August 28, 2013, 08:45:13 AM

you are wrong.

Ok, I misinterpreted his rationale. In that way I would give a 4TH/s evaluation of even less than the current price, perhaps less than 0.003.

On the other hand, Labcoin isn't about its September hashrate, but its potential to keep a network percentage and making profits; same with AM. The charts on page 1 are reasonable, and you can see the current prices can be justified by around effectively 1% network share.

Mabsark

legendary

Activity: 826

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Quote from: physalis on August 28, 2013, 08:57:44 AM

Quote from: Mabsark on August 28, 2013, 08:56:11 AM

For crying out loud, this is basic maths!

AM has 400,000 shares
Labcoin has 10,000,000 shares

10,000,000 / 400,000 = 25

By multiplying the number of AM shares by 25, we get 10,000,000. Accordingly, we must also divide the share price by 25 as well into to keep the value of AM the same. So, 400,000 AM shares at 2.5 BTC/share is equivalent to 10,000,000 AM shares at 0.1.

So, if Labcoin is as successful as AM and AM is worth 2.5 BTC per share, then Labcoin is worth 0.1 BTC per share.

Who said anything else? But we're not as big as AM, so that calculation doesn't make any sense now.

According to that logic, Laboin shares should have zero value. With equal success to AM, Labcoin would be 25x less than AM. If Labcoin was only 1/10th as successful as AM it would be worth 250x less than AM. Makes perfect sense to me.

physalis

sr. member

Activity: 392

Merit: 250

Quote from: stereotype on August 28, 2013, 09:04:02 AM

Quote from: creativex on August 28, 2013, 09:00:10 AM

Wasn't it supposed to be 6Th worth of chips? Do we know what happened to the rest of the chips? I wonder if there's a serious yield problem. 130nm is so mature at this point that yields should be very predictably high.

No explanation.

See how easy that was of LC, just brushing aside 30-50% of what was expected. Share price says confidence is waning.

Blablablabla.
They sold the rest, like it was planned and announced.

creativex

sr. member

Activity: 434

Merit: 250

Quote from: Vigil on August 28, 2013, 09:02:28 AM

Quote from: creativex on August 28, 2013, 09:00:10 AM

Wasn't it supposed to be 6Th worth of chips? Do we know what happened to the rest of the chips? I wonder if there's a serious yield problem. 130nm is so mature at this point that yields should be very predictably high.

They are starting it up at 4TH and then ramp it up to 6TH. He stated that.

Thanks. Who's "he" in this case? The official release says only:

Quote

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

physalis

sr. member

Activity: 392

Merit: 250

Quote from: Mutated btc on August 28, 2013, 08:58:40 AM

why people selling?

Think it's people taking profit that bought on the cheap last night.

But I personally don't think the news was that much of a "good news", just like Swede's news last night wasn't the "bad news" that should have resulted in such a crash...
Both were just non-news. We knew the chips would be out of fab, so what? The news that WILL push the price up by 2-3x will be the news "yaay, the boards work, everything works, here are the photos".

stereotype

legendary

Activity: 1554

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Quote from: creativex on August 28, 2013, 09:00:10 AM

Wasn't it supposed to be 6Th worth of chips? Do we know what happened to the rest of the chips? I wonder if there's a serious yield problem. 130nm is so mature at this point that yields should be very predictably high.

No explanation.

See how easy that was of LC, just brushing aside 30-50% of what was expected. Share price says confidence is waning.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: creativex on August 28, 2013, 09:00:10 AM

Wasn't it supposed to be 6Th worth of chips? Do we know what happened to the rest of the chips? I wonder if there's a serious yield problem. 130nm is so mature at this point that yields should be very predictably high.

They are starting it up at 4TH and then ramp it up to 6TH. He stated that.

Mutated btc

member

Activity: 84

Merit: 10

Quote from: creativex on August 28, 2013, 09:00:10 AM

Wasn't it supposed to be 6Th worth of chips? Do we know what happened to the rest of the chips? I wonder if there's a serious yield problem. 130nm is so mature at this point that yields should be very predictably high.

more will come online as soon hashing starts 10 sept, to full speed planned

creativex

sr. member

Activity: 434

Merit: 250

Wasn't it supposed to be 6Th worth of chips? Do we know what happened to the rest of the chips? I wonder if there's a serious yield problem. 130nm is so mature at this point that yields should be very predictably high.

demzie

sr. member

Activity: 266

Merit: 250

Quote from: Mutated btc on August 28, 2013, 08:58:40 AM

why people selling?

They want/think the same thing like this morning will happen, they want to be ready..
That was before news/dates came though.

demzie

sr. member

Activity: 266

Merit: 250

Quote from: San1ty on August 28, 2013, 08:52:29 AM

Looks like the news didn't really sustain a big rally.

Atleast the level of comment has rise instead of those f* trols.

Mutated btc

member

Activity: 84

Merit: 10

why people selling?

physalis

sr. member

Activity: 392

Merit: 250

Quote from: Mabsark on August 28, 2013, 08:56:11 AM

For crying out loud, this is basic maths!

AM has 400,000 shares
Labcoin has 10,000,000 shares

10,000,000 / 400,000 = 25

By multiplying the number of AM shares by 25, we get 10,000,000. Accordingly, we must also divide the share price by 25 as well into to keep the value of AM the same. So, 400,000 AM shares at 2.5 BTC/share is equivalent to 10,000,000 AM shares at 0.1.

So, if Labcoin is as successful as AM and AM is worth 2.5 BTC per share, then Labcoin is worth 0.1 BTC per share.

Who said anything else? But we're not as big as AM, so that calculation doesn't make any sense now.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 707. (Read 1079974 times)