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Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 803. (Read 1079974 times)

sr. member
Activity: 420
Merit: 250

Like pretty much every other bitcoin stock, if these guys could communicate worth a damn, the stock would be worth twice as much.

In the real world, there are tons of restrictions on what higher ups are even allowed to say, especially when it comes to numbers and things like that, to prevent stock manipulation.

Basically what you're saying is that you want the directors to come on here and try to manipulate the share price higher.

Just fucking calm down and be patient.  If their chips work, they work.  If you're not comfortable waiting that long while holding the stock, then sell.

There job is getting the chips and getting them online and hashing, not trying to manage share price on a minute by minute basis.


Another thing I could do other than sell my shares is come to the place where they've promised to communicate and ask questions.  That's what I'll be doing, thanks.

They could comment today on the status of the locked founders shares.  There's absolutely no reason whatsoever for that issue to remain unresolved.  None.

sr. member
Activity: 420
Merit: 250


Didn't AsicMiner have trouble locating a data center with sufficient power?
hero member
Activity: 574
Merit: 500
lol, nicely played amigo!   Cool

If only LAGCOIN's steampunk "technology" were as laudable as your sense of humor...  Wink


It's possible that HF's chips will cost less to HF then Labcoin's chips will cost to labcoin.  But that doesn't mean that HF's customers will be better off then Labcoin's investors.

Think about it dude: IceDrill is paying $14/GH.  Labcoin will be paying about $2/gh if everything goes according to plan.

That means, Labcoin's investors will have a much better chance of making a profit then IceDrill's.

It doesn't matter how efficient the chips are at this point, and it won't matter how efficient they are until electricity is the major cost factor, and chips go for like 10 cents per chip.

I'm just going to chime in on the topic of electricity. You can only say the electric cost is irrelevant when using a point of view of one guy buying some mining equipment to run at home.

Any industrial-size mining farm needs an industrial power delivery grid along with industrial-size cooling systems. This is not trivial to assemble and neither are the operational costs associated with it. Thinking otherwise is like saying anyone can build a proper datacenter in their backyard.

Driving a car and not the same as driving a truck with several trailers. Wink

+1
If the farm is in shenzhen.,the electrical price is much higher than other places.
Vbs
hero member
Activity: 504
Merit: 500
lol, nicely played amigo!   Cool

If only LAGCOIN's steampunk "technology" were as laudable as your sense of humor...  Wink


It's possible that HF's chips will cost less to HF then Labcoin's chips will cost to labcoin.  But that doesn't mean that HF's customers will be better off then Labcoin's investors.

Think about it dude: IceDrill is paying $14/GH.  Labcoin will be paying about $2/gh if everything goes according to plan.

That means, Labcoin's investors will have a much better chance of making a profit then IceDrill's.

It doesn't matter how efficient the chips are at this point, and it won't matter how efficient they are until electricity is the major cost factor, and chips go for like 10 cents per chip.

I'm just going to chime in on the topic of electricity. You can only say the electric cost is irrelevant when using a point of view of one guy buying some mining equipment to run at home.

Any industrial-size mining farm needs an industrial power delivery grid along with industrial-size cooling systems. This is not trivial to assemble and neither are the operational costs associated with it. Thinking otherwise is like saying anyone can build a proper datacenter in their backyard.

Driving a car and not the same as driving a truck with several trailers. Wink
full member
Activity: 238
Merit: 100
Can I ask a question here because I don't want to wade through a million pages to find the answer.

Does Labcoin actually have a chip? Even a prototype?

*sigh*

You can't actually order just a handful of "prototype" chips.  You typically need to order them by the wafer, so you get thousands of chips, minimum.

The way you design chips, you simulate them.  If the simulations work, then you order them. If you want you can do a small order first and test everything.

Labcoin has a small order in for a few thousand chips and once they come in they should have around 50Th.
legendary
Activity: 1176
Merit: 1015
Can I ask a question here because I don't want to wade through a million pages to find the answer.

Does Labcoin actually have a chip? Even a prototype?
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.

Like pretty much every other bitcoin stock, if these guys could communicate worth a damn, the stock would be worth twice as much.

In the real world, there are tons of restrictions on what higher ups are even allowed to say, especially when it comes to numbers and things like that, to prevent stock manipulation.

Basically what you're saying is that you want the directors to come on here and try to manipulate the share price higher.

Just fucking calm down and be patient.  If their chips work, they work.  If you're not comfortable waiting that long while holding the stock, then sell.

There job is getting the chips and getting them online and hashing, not trying to manage share price on a minute by minute basis.

Very well put
hero member
Activity: 714
Merit: 510
lol, nicely played amigo!   Cool

If only LAGCOIN's steampunk "technology" were as laudable as your sense of humor...  Wink


It's possible that HF's chips will cost less to HF then Labcoin's chips will cost to labcoin.  But that doesn't mean that HF's customers will be better off then Labcoin's investors.

Think about it dude: IceDrill is paying $14/GH.  Labcoin will be paying about $2/gh if everything goes according to plan.

That means, Labcoin's investors will have a much better chance of making a profit then IceDrill's.

It doesn't matter how efficient the chips are at this point, and it won't matter how efficient they are until electricity is the major cost factor, and chips go for like 10 cents per chip.

This is one of the wisest posts I've read on the subject. You must either be heavily invested in Labcoin or you've studied really hard on this topic.
full member
Activity: 238
Merit: 100

Like pretty much every other bitcoin stock, if these guys could communicate worth a damn, the stock would be worth twice as much.

In the real world, there are tons of restrictions on what higher ups are even allowed to say, especially when it comes to numbers and things like that, to prevent stock manipulation.

Basically what you're saying is that you want the directors to come on here and try to manipulate the share price higher.

Just fucking calm down and be patient.  If their chips work, they work.  If you're not comfortable waiting that long while holding the stock, then sell.

There job is getting the chips and getting them online and hashing, not trying to manage share price on a minute by minute basis.
sr. member
Activity: 392
Merit: 250
^
+1

Access to chips at production cost means winning. Every project buying retail can only lose in the long run.
full member
Activity: 238
Merit: 100
lol, nicely played amigo!   Cool

If only LAGCOIN's steampunk "technology" were as laudable as your sense of humor...  Wink


It's possible that HF's chips will cost less to HF then Labcoin's chips will cost to labcoin.  But that doesn't mean that HF's customers will be better off then Labcoin's investors.

Think about it dude: IceDrill is paying $14/GH.  Labcoin will be paying about $2/gh if everything goes according to plan.

That means, Labcoin's investors will have a much better chance of making a profit then IceDrill's.

It doesn't matter how efficient the chips are at this point, and it won't matter how efficient they are until electricity is the major cost factor, and chips go for like 10 cents per chip.
legendary
Activity: 1106
Merit: 1026
4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

Be careful what you wish for. Plankton is, what whales and sharks eat, isn't it? Wink

Anyway. In my opinion one of the beauties of the whole virtual crypto exchange thing is the low entry gap. If someone wants to participate in trading, it's possible within minutes, if he or she has a few coins. Smiley
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
sr. member
Activity: 393
Merit: 250
sr. member
Activity: 434
Merit: 250
The silence is deafening here. I'm out until there's some solid info from management.

I don't understand why you would put BTC into LAGCOIN (which is GARDEN 2.0) in the first place.

I bought into this IPO because I thought it was attractively priced and had a good risk/reward profile(I did not feel the same about BTCGarden), but you cannot properly assess risk/reward without accurate and timely information and all I hear from management is crickets.
hero member
Activity: 714
Merit: 510
Investors want the big pop of early investment in Labcoin vs. johnny come lately returns at ASICminer where the big early gains have already occurred. If they had wanted a mature stock they would have invested in ASICminer instead of BTCgarden to start with.

What makes you think people can afford ASICminer?

ASICminer is almost 4BTC a share so at this point share price can't go up much more.
The whole point is to get in early while shares are cheap. People who want to sell their entire positions give us cheaper shares.

4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

That's because you're rich. 4 BTC is a lot of money for one share, thats $400 a share and I'm being conservative.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
The silence is deafening here. I'm out until there's some solid info from management.

I don't understand why you would put BTC into LAGCOIN (which is GARDEN 2.0) in the first place.

I've never touched it.   Roll Eyes

Lol @ all the head-burying ostriches on here, so proud of their brave messanger shooting.

If 'no news is good news' then LAGCOIN is doing very well!   Grin

For those wishing to see an example of stellar communication and nearly instant, IRC-like response times, check out the ice.drill team's great work.    Wink
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
Investors want the big pop of early investment in Labcoin vs. johnny come lately returns at ASICminer where the big early gains have already occurred. If they had wanted a mature stock they would have invested in ASICminer instead of BTCgarden to start with.

What makes you think people can afford ASICminer?

ASICminer is almost 4BTC a share so at this point share price can't go up much more.
The whole point is to get in early while shares are cheap. People who want to sell their entire positions give us cheaper shares.

4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

A lot of people new to investing start small

Anyone new to bitcoin should start small
legendary
Activity: 994
Merit: 1000
4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

I really hate this mentality.
legendary
Activity: 1311
Merit: 1000
Investors want the big pop of early investment in Labcoin vs. johnny come lately returns at ASICminer where the big early gains have already occurred. If they had wanted a mature stock they would have invested in ASICminer instead of BTCgarden to start with.

What makes you think people can afford ASICminer?

ASICminer is almost 4BTC a share so at this point share price can't go up much more.
The whole point is to get in early while shares are cheap. People who want to sell their entire positions give us cheaper shares.

4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

So I just should take my 2 BTC and go home?
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