Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 799. (Read 1079974 times)

TheSwede75, thanks for the substantial update, and your work thus far. 

I'm curious when Part II of the Q&A with Fabrizzio and others will take place?

Yes. The Labcoin team does realize how exceptionally valuable short time to market and in-hand products are and are definitely considering this. We are however also aware of the possible caveats of exporting high value electronics (as proven by the latest delays and problems that for example Avalon has experienced).

This is something we are discussing. The only "pre orders" Labcoin will be accepting are for bulk chip orders and only after we have first-run in-hand and can promise a hard delivery date (chips in hand approx 2 weeks after order).

The option of selling miners is being discussed as well and will likely depend heavily on if the team feels that they can guarantee that these would not meet with any customs issues etc.

That said, it is almost as profitable to just roll out multiples of 50TH mining on-site with little to no delivery time to end point and under 2 weeks PCB/Chip production.

There will of course be more "hard numbers" on this posted as chips are received, tested etc. the general policy is to pay out all profits as dividends to share holders, though Labcoin also plans to reinvest when profitable.

I have requested that customers that make "serious inquiries" be sent sample chips from first run and I am also trying to facilitate a miner and first run chips be send to me for review for the forum.

More information will be available (including pictures and stats) as soon as first run chips lands in the hands of the team.

Also, people on the "Custom Hardware" board have been complaining about all the pre-orders.  You guys should be able to make a killing selling miners on hand, rather then as pre-orders if you can do it in September

Cool beans. 

Are the chips your sending out samples or paid orders? How are financials and dividends for chip sales going to be handled?

clearly everyone is busy at buying, no time to reply.

Lol! great 

I actually forgot that information so thank you for asking.

UPDATE:

If everything goes as per schedule Labcoin plans to start paying dividends from the mining operation as early as the first week of September.

Sounds great.. Just bought a few stocks on BTCT.CO.. what will this mean for the stockholders?
Will they get dividend or something in the future? Or whats the plan on that.. readed the "details" but kinda alot of info..

Thanks and sorry if it was asked already a thousand times..

Fantastic news!!

UPDATE:

Just talked to Sam and while exact dates are still to be received from foundry/fabrication here are the latest news:

- The first run of chips are expected to arrive within a week. This is a 2500 chip run and Labcoin expects at least 2000 chips to be of "production quality".
- From these chips some will be send to DYI projects and parties that have expressed interest in volume orders from the coming serial production run.

- PCB/Components for miners are expected to arrive shortly (a few days) after chips. To speed up miner production the PCB has not been tested prior to order but thorough simulations have been ran and Labcoin does not expect any issues with the PCB. SHOULD a problem arise Labcoin expects less than 1 week until new PCB can be produced, so even a worst case scenario has functioning PCB in-hand in about 2 weeks.

- The first run of chips will be built into miners immediately and Labcoin expects to be live and hashing @ around 6TH within the next 3-4 weeks.

- First serial production run will be ordered shortly after arrival of first-run chips and Labcoin expects serial production run of chips to arrive mid-late September (50TH+ for Labcoin mining operation and larger quantities of chips for DIY projects and mining operation customers).
- We will contact mining operations/DYI projects that have already gotten in touch with us shortly for addresses for sample chips. If you own a mining operation or similar company and wish to order chips from the first serial production run you can contact Labcoin at: [email protected] - I will post bulk pricing and chip order run sizes as I get the information from Sam.

- Labcoin is currently expecting the full 1st stage of the mining operation roll-out to reach 50TH or more during mid to late October.
- More exact dates, chip speeds, pictures of chips, PCB schematics etc. will be posted as Sam receives this information from foundry and miner builders.
- I have personally requested sample chips and miner to be sent to me so that I can 'review' it for the forum. More info on this shortly.
- Labcoin has not forgotten about Fabrizio and Developers doing Q/A sessions and the other issues brought to our attention, but currently focus is on time-to-market and all available personnel is 100% committed to a successful mining operation.

- The Labcoin.com website will also be updated shortly and the new design will include real-time statistics of mining operation where visitors can follow miner deployment and hashing speed of the mining operation. More on this later.

TLDR; Things are going as planned with no delays as of yet. Labcoin expects to hash at approx 6TH within 3-4 weeks and 50TH+ by mid to late October. Serial production run of chips will start early Sept. Pictures of chips, schematics and miners etc. will be posted as they become available. Website is undergoing redesign and will feature a real-time mining statistic as soon as the mining operation goes live.

I was just about to mention the price bump. Finally over 0.0017.   Only 50 bids > then that price, though.  But still.

Price is already up to .00175 ahead of the news, gents! Very hopeful for today's news-

no, the big news will happen in about an hour after i go to sleep and miss another big trading opportunity

Anyone else notice the number of shares outstanding dropped to 9999999 from 10000000?  Was one of the shares eaten by a grue?

Anyway, Any big news yet?

Which could be years from now. The government moves slow. Unless, of course, there is serious money to be made.

That all depends on the results of the congressional investigations and regulation talks.

Speculate for me top of the bubble for Labcoin, IceDrill, Hosted Mining?
Thanks in advance mate!

Yes, in a perfectly rational world, it wouldn't matter. But a bubble is not a rational phenomenon. If BTC price shoots up way over "what they're worth", people are looking to sell.
And rightfully so. In a bubble, smart investors sell before the peak and reinvest after the crash.

During the last bubble, I increased my holdings in ASICMINER by about 70% this way, even though I had to buy the shares back for a higher price than what I sold them for.
Obviously, that plan could have also completely backfired.