Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 822. (Read 1079974 times)

It's worth noting how little btc it takes to move this share price. Right now on BTC-TC it's only 431 btc to 0.002

yes. But HashFast could lower their prices as well.  I'm simply pointing out that for now it only makes sense to look at the next 3-4 months when making investments in bitcoin mining.

That's going to have the same effect on ICEDRILL though, only ICEDRILL don't have an improved ASIC using a smaller process in their plans.

explain the process of short selling on bitfunder, in expressive succinct terms

by later tonight or morning, you mean American Central Time , right?  It's morning or mid-day in China time.

Yeah, but who knows what happens to the difficulty by January when one or all of Cointerra, HashFast and KnC have their chips available without pre-orders. Trying to plan more then 3mo ahead is a bad idea at this point, IMO.

Labcoin also has a 65nm chip in the works.

There's a new IPO out for 500Thash starting in November, using HashFast chips: https://bitfunder.com/asset/IceDrill.ASIC

You guys think you'll be able to beat that

It looks like they're 50m shares, at an IPO price of 0.0014, so a 70kBTC IPO market price, compared to Labcoin's 10m shares, and estimated 36-50Thash.

So, estimating $100/btc:
  IceDrill is $14/Ghash starting in November, not counting increases.
  Labcoin is $36/Ghash starting in September, a two month lead time, and not counting future increases and chip sales.

From what I understand the second, large order of ~100k 130nm chips should take place at some point, and 3 months after that should run they should have (according their specs) 470Thash.

If they place the order in September, it would mean about 520Thash online by November/December

That brings Labcoin's $/Gh/s to about $3.50 0-1 months later then IceDrill's.

Of course, you have to consider the difference between Labcoin and IceDrill/HashFast's ability to actually execute their plans.
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Their job is to design and produce the chip, not try to manage the share price.


It doesn't matter as far as the production and deployment of their chips is concerned, which is what's going to affect their share price in the long run.  Trying to "manage" the share price shouldn't be their priority at this point in time.  Actual execution is what's going to matter in the long run.

I doubt much news other then "our chips are here and work" is going to have much of an impact on the share price anyway

I meant the "labcoin community". But, actually, it does matter for Labcoin. Aren't the owners allowed to sell some portion of their shares? If they do decide to sell, they would want the highest price possible.

For those interested in more development and project tech you can find some more information on Labcoin in specifically the last 10 pages of this thread: https://bitcointalk.org/index.php?topic=241033.260

Thanks for the updates look forward to the Q&A tonight, glad to see all these short sellers arn't gonna make as much money as they wanted the first week

It doesn't matter for Labcoin where the shares go and at what price at this stage. They got their IPO money after all and that won't change if the shares go to the moon or into the ground.

In the long run, for potential future IPOs, a steady growth of the share price will be important, but right now the price is primarily based on speculation and not the performance of the company.

I hope there is another dump

 

funds arrived finally

Yeah, I would have put in an ask at 0.0025 at trade open nd there was more than enough volume in the first couple of hours to unload 100,000 shares at 0.025. It might not have ever hit 0.003, but it would have sold. 100,000 shares at 0.0025 would have meant a quick 150 coin profit. Oh well, the good news for Labcoin is that I am actually holding on to my shares right now.

There will be updates on this as well. I will be in contact with Burnside. All I can say is that the LABCOIN Founder and Developer core is bound by the news update and is not selling shares. This will be verified by Burnside soon enough.

I still want to hear about the locked up assets.

UPDATE:

I will leave details of project plan/development up to Fabrizio, Mr Sparmann and Zhenhua (Founder and developers) but the time-frame as communicated by Sam is for Labcoin to start deployment first week of September and reach a delivered hash rate of minimum 50TH by October. This number could possibly go up significantly when we start accepting third party chip orders since 50TH is capacity that can be financed paralell with Gen 2 development using available IPO funds.

Details on Chip resales, Miner production and hash-farm building will be communicated within the next few days.

Haha that timing could not have worked any better.  Took a bet and bought a bunch of shares, Swede posts an update right after.

Thanks for the update

Free markets at work. What a beautiful thing.

Thanks for the update.