Exactly how do you guys believe they will "tweak" the chips to double the hash rate? If you think they'll just start hashing with more chips to make up for it that completely defeats the purpose/credibility of the original projections.
I guess they need time to put all chips on to boards and get them running. 
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 710. (Read 1079974 times)
August 28, 2013, 08:09:24 AM
August 28, 2013, 08:08:45 AM
Lol isn't there anyone here that can do a basic calculation? Check my previous post for the answer...
August 28, 2013, 08:08:12 AM
I'm not sure if this would be right, but there is 10mil shares, and 4TH is about 40,000MH - which is about 250MH per share? Someone please correct me if I'm wrong.
I don't even know where to start correcting.hahah sorry! I know my math was horrible on this, literally just thought of it in my head
4000000 MH / 10 mil shares = .4 MH/share
That's not much, but the shares are also really cheap, and this is not a mining bond.
The most important part is that Labcoin plans to deploy ~50 TH within the coming 2 months
August 28, 2013, 08:07:01 AM
3-4 terahash? how many megahash/share is that? PM me thanks
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
I'm not sure if this would be right, but there is 10mil shares, and 4TH is about 40,000MH - which is about 250MH per share? Someone please correct me if I'm wrong.
hahah sorry! I know my math was horrible on this, literally just thought of it in my head
I can't stand this, it's:
4 TH = 4,000,000 MH
So 4,000,000 MH / 10,000,000 = .4 MH / Share
August 28, 2013, 08:06:30 AM
3-4 terahash? how many megahash/share is that? PM me thanks
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
10/3.5 = 2.85 megahash / share
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
10/3.5 = 2.85 megahash / share
4,000,000 MHs / 10,000,000 shares = .4 MHs per share
August 28, 2013, 08:05:22 AM
Easily among the worst managed companies ever. Why does it seem like everything's being done by a guy in his mom's basement? Unprofessional doesn't even begin to describe.
haha someone is mad. Isn't it unprofessional for you to be commenting like this?
Mad? Why do you say that? What's unprofessional about making a comment? A comment shared by many I might add. Do you think the company has been well managed? If so why/how?
Because you made poor decisions regarding your labcoin shares and you sound mad. I recall you selling all your shares because you weren't patient before the price rocketed. You complain about the lack of transparency, yet you still decided to invest with bASIC reserves. Stick to running your company, I don't see other company owners going into your thread and commenting.
So no comment then? Can I assume then that you do feel this company has been well managed?
I chose to invest in this IPO with my own funds and sold those for a profit quite some while ago, mostly due to the company's lack of transparency and inability to follow through on it's plans(founder shares still not locked). I like their business model, I do not like their execution.
I manage a company that holds shares in this company and I have every right to comment here. If you don't like it simply click the ignore button on the left there.
August 28, 2013, 08:05:18 AM
That was really dumb of Swede to post. Hi, I can't get a hold of the company with all of your money? Are you kidding? First, even if you can't get a hold of him you shouldn't post such non sense.
Post something generic, no news update yet, should be soon ect. blah blah. The fact that they have a communication problem is scary.
Post something generic, no news update yet, should be soon ect. blah blah. The fact that they have a communication problem is scary.
You seem to be twisting his words quite a bit.
Let me quote:
"I just wanted to stop by and say that I have not been able to talk to Sam today. I do realize that "next week" is here and as soon as I have anything to report I will. I realize a "nothing to report yet" report is just that, but as soon as I hear anything it will be posted here and on BTCT.CO news section."
I appreciate this update, and is much better than silence. You want to know how much silence will rip you apart? -- Go look at activemining. Ken is a silent prick who doesn't give updates at all. Meanwhile his shareholders are shitting their pants.
Be grateful that we heard TheSwede say something. 1 day of no communication is okay. 3 weeks of no communication from ken slaughter is not. As far as I'm concerned, Labcoin is still the best with informing us with up to date information, even if the update is "sorry, not yet". Activemining investors are begging Ken to do SOMETHING. Even a fart would be amazing. Labcoin investors are spoiled brats, and should shut the fuck up, IMO.
Anyone else find it funny (tragic) that in 10-20 pages of mostly useless rants and FUD, VE manages to have one of the calmer and more rational comments? +1 for everything he said. I'd like to add:
We are investing in a Chinese bitcoin mining startup. Language, time zones, priorities, etc are all going to get in the way of the stable path to Rick Jones status.
There are going to be times when it sucks not having enough information. For all those who are so ready to break out the "there are no chips, they're running off with our BTC, it's a scam" mantra - there are real world consequences for someone to attempt this. For most business owners that have a lot to lose, this isn't the kind of money that you risk jail time or worse with. Is it possible? Yes. It's not probable though, especially in China where the authorities frown upon fraudulent crowd-funding.
Also, they're communication leaves a lot to be desired. Many otherwise solid companies have this problem though and I'd prefer they were a solid engineering company with mediocre communications than the other way around.
Stop freaking out - unless you have your credit card maxed out on LC, hoping that it makes you rich then you should be comfortable with your investment. If you're that guy, don't be that guy or good luck.
August 28, 2013, 08:05:08 AM
3-4 terahash? how many megahash/share is that? PM me thanks
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
I'm not sure if this would be right, but there is 10mil shares, and 4TH is about 40,000MH - which is about 250MH per share? Someone please correct me if I'm wrong.
the answer though?
August 28, 2013, 08:04:55 AM
lets hold up the shares ppl!
August 28, 2013, 08:04:17 AM
3-4 terahash? how many megahash/share is that? PM me thanks
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
I'm not sure if this would be right, but there is 10mil shares, and 4TH is about 40,000MH - which is about 250MH per share? Someone please correct me if I'm wrong.
hahah sorry! I know my math was horrible on this, literally just thought of it in my head
August 28, 2013, 08:03:36 AM
3-4 terahash? how many megahash/share is that? PM me thanks
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
I'm not sure if this would be right, but there is 10mil shares, and 4TH is about 40,000MH - which is about 250MH per share? Someone please correct me if I'm wrong.
August 28, 2013, 08:02:58 AM
Guys... here's the news just incase anyone hasnt seen it... this was posted up on BTCT
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.
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.
August 28, 2013, 08:02:40 AM
Exactly how do you guys believe they will "tweak" the chips to double the hash rate? If you think they'll just start hashing with more chips to make up for it that completely defeats the purpose/credibility of the original projections.
August 28, 2013, 08:02:37 AM
Next week predictions, post will look like this:
not sure if I missed anything.
Edit:
- happy with buys below 0.004
- regret selling around 0.0035
- share locks, yet?
- big bubble
- amazing company
- scam!!!
- sell sell sell
- they are totes out to fab
- amazing company
not sure if I missed anything.
Edit:
You forgot "amazing company". I know you listed that once, but you should have listed it twice.
I think I got the week pretty accurate so far.
he must be working with devil to reveal some of future
You missed DVD bet homo -> Place your bets
Sorry
I have him on ignore so its hard to predict what he'll do. He looks like this on my screen:
He kinda blends in.
August 28, 2013, 08:02:08 AM
Woke up, checked price. Nothing changed over night... 
Well there is a downside though. The book yesterday and the days before was pretty balanced and filled with many orders (400 BTC to .003, 350 BTC to .004 for example). It takes some time to regain strengh. On the other hand: I assume shares are now in stronger hands.
August 28, 2013, 08:01:24 AM
August 28, 2013, 08:01:07 AM
3-4 terahash? how many megahash/share is that? PM me thanks
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
lets see, 10,000,000 shares
3,000000 - 4,000000 terahash
EDIT: was pointed out this was incorrect - please disregard!
August 28, 2013, 08:00:09 AM
with LC's latest news, as if i never sold my previous shares lol
managed to get +60 shares out of
managed to get +60 shares out of
August 28, 2013, 08:00:03 AM
3-4 terahash? how many megahash/share is that? PM me thanks
that is when they first get it running, they will push that to 5-6TH. 
August 28, 2013, 08:00:02 AM
Next week predictions, post will look like this:
not sure if I missed anything.
Edit:
- happy with buys below 0.004
- regret selling around 0.0035
- share locks, yet?
- big bubble
- amazing company
- scam!!!
- sell sell sell
- they are totes out to fab
- amazing company
not sure if I missed anything.
Edit:
You forgot "amazing company". I know you listed that once, but you should have listed it twice.
I think I got the week pretty accurate so far.
Yep rofl
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