please answer my question re-mining - this is important to know
I am running a little ragged right know. I will indeed answer/elaborate on this shortly.
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 908. (Read 1079974 times)
July 30, 2013, 06:12:36 PM
I am running a little ragged right know. I will indeed answer/elaborate on this shortly.
July 30, 2013, 06:10:14 PM
I would like a confirmation on if yes/no you will give 24-48 hours notice on the IPO? I need to juggle some funds around before I buy and want to make sure I do it in time. thanks 
We aim to launch the IPO as fast as possible after we are approved by anough votes. That said we will give between 16-24 hours notice before the start of share sales. We will also attempt to place the sale during US business hours.
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July 30, 2013, 06:10:08 PM
please answer my question re-mining - this is important to know
July 30, 2013, 06:06:02 PM
I would like a confirmation on if yes/no you will give 24-48 hours notice on the IPO? I need to juggle some funds around before I buy and want to make sure I do it in time. thanks
July 30, 2013, 02:50:22 PM
Has there been a public demonstration of the chip?
+1, I wanted to ask the same question.No. I will have a developer or Sam Noi inform deeper on this but i can say that labcoin is in the same situation as Asicminer, BTCgarden etc. we're/are in for their IPO in that we need additional funds for first-run and productions runs. Everything design wise, data modeling, virtual testing of cells, tape out etc. has been paid for and booked (approx $150.000) and now we need to take in capital for producing the actual chip.
I hope this is an accurate representation. You can read more regarding the hardware development phase, see contracts, cell images and specs in the Labcoin hardware thread over at: https://bitcointalksearch.org/topic/ann-labcoin-asic-v1-130nm300mhz-16-cores-chip-european-chinese-team-241033
Where Sam has been more active in describing the process and development.
July 30, 2013, 02:30:14 PM
"first run will yield 1000 - 1500 chips"
how many chips @ 130nm will be planned for production?
how many "blade-like" cards will be produced? and will they have 15 chips per card?
how many "BFL jalapeno-like" (as diagram on Labcoin web site) will be produced?
and also possible time frame estimates for any/or all of above?
Thanks
how many chips @ 130nm will be planned for production?
how many "blade-like" cards will be produced? and will they have 15 chips per card?
how many "BFL jalapeno-like" (as diagram on Labcoin web site) will be produced?
and also possible time frame estimates for any/or all of above?
Thanks
July 30, 2013, 01:46:39 PM
i don't know if this has been addressed yet.
it appears that labcoin is focused mostly on sales and talks about the possibility of mining.
can this be elaborated on.
it appears that labcoin is focused mostly on sales and talks about the possibility of mining.
can this be elaborated on.
I second this.
July 30, 2013, 01:14:42 PM
Has there been a public demonstration of the chip?
+1, I wanted to ask the same question. 
July 30, 2013, 01:11:39 PM
Has there been a public demonstration of the chip?
July 30, 2013, 01:06:23 PM
i don't know if this has been addressed yet.
it appears that labcoin is focused mostly on sales and talks about the possibility of mining.
can this be elaborated on.
it appears that labcoin is focused mostly on sales and talks about the possibility of mining.
can this be elaborated on.
July 30, 2013, 12:54:16 PM
REGARDING: BOARD SEATS
I believe we have decided that we will be selling a form of 'Board Seats'. A board seat share holder will be any share holder that owns 200.000 shares at any point. If the ownership falls below 200.000 shares the owner will no longer be considered a 'board seat' owner.
We are still working out details regarding the type of project involvement and information flow board seat owners will be entitled to, but I figured I should release this information as soon as I could. IMPORTANT: We do not encourage people to purchase large blocks of shares for the sole purpose of reselling or as purely a 'status symbol'. Board seat owners will not be required to take part in any decision process or contribute any knowledge to the project but we encourage board seat investors to work with the Labcoin team in developing our product, marketing and plan the future of Labcoin.com
More information regarding 'Board Seats' will be made available soon. I am currently at around 90% that board seats will be instated but do NOT purchase shares solely for this purpose.
To become a board seat owner an investor need only purchase a total of 200.000 shares or more through BTCT.CO. No private sales will be made, and at no point will we allow manipulation or exemption from the BTCT.CO rules or our pre-set total share amount of 10.000.000
I believe we have decided that we will be selling a form of 'Board Seats'. A board seat share holder will be any share holder that owns 200.000 shares at any point. If the ownership falls below 200.000 shares the owner will no longer be considered a 'board seat' owner.
We are still working out details regarding the type of project involvement and information flow board seat owners will be entitled to, but I figured I should release this information as soon as I could. IMPORTANT: We do not encourage people to purchase large blocks of shares for the sole purpose of reselling or as purely a 'status symbol'. Board seat owners will not be required to take part in any decision process or contribute any knowledge to the project but we encourage board seat investors to work with the Labcoin team in developing our product, marketing and plan the future of Labcoin.com
More information regarding 'Board Seats' will be made available soon. I am currently at around 90% that board seats will be instated but do NOT purchase shares solely for this purpose.
To become a board seat owner an investor need only purchase a total of 200.000 shares or more through BTCT.CO. No private sales will be made, and at no point will we allow manipulation or exemption from the BTCT.CO rules or our pre-set total share amount of 10.000.000
July 30, 2013, 11:45:17 AM
A 130nm chip at 4.5-5GH/s with that power draw? 
So, an 110nm avalon chip is 282MH/s, but you guys somehow can create a chip with bigger transistors (130nm) that is equivalent to 16-17 avalon chips?
Not only that, but you claim you've optimized the logic so much that any competing chips using similar die-sizes are left in the dust?
Size of chip die area? Operating frequency? Number of cores?
Sorry, too many red flags in the key technical aspects.
So, an 110nm avalon chip is 282MH/s, but you guys somehow can create a chip with bigger transistors (130nm) that is equivalent to 16-17 avalon chips?
Not only that, but you claim you've optimized the logic so much that any competing chips using similar die-sizes are left in the dust?
Size of chip die area? Operating frequency? Number of cores?
Sorry, too many red flags in the key technical aspects.
I am unfortunately not a ASIC developer (or even engineer) myself, you can read more about the chip design in the hardware forum thread @ https://bitcointalksearch.org/topic/ann-labcoin-asic-v1-130nm300mhz-16-cores-chip-european-chinese-team-241033
and if you have more questions I am happy to forward them to the development team.
What I can say is that nm density is a very small part of chip design and higher density does by no means automatically mean higher frequency or better efficiency.
July 30, 2013, 11:30:37 AM
A 130nm chip at 4.5-5GH/s with that power draw?
So, an 110nm avalon chip is 282MH/s, but you guys somehow can create a chip with bigger transistors (130nm) that is equivalent to 16-17 avalon chips?
Not only that, but you claim you've optimized the logic so much that any competing chips using similar die-sizes are left in the dust?
Size of chip die area? Operating frequency? Number of cores?
Sorry, too many red flags in the key technical aspects.
So, an 110nm avalon chip is 282MH/s, but you guys somehow can create a chip with bigger transistors (130nm) that is equivalent to 16-17 avalon chips?
Not only that, but you claim you've optimized the logic so much that any competing chips using similar die-sizes are left in the dust?
Size of chip die area? Operating frequency? Number of cores?
Sorry, too many red flags in the key technical aspects.
July 30, 2013, 11:13:11 AM
Couldn't this just be an Avalon chip order with lipstick?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
Though we use 130 nm technology our chips run at 4.5-5.0 GH/s per chip and have an estimated sale price of under $10. With lead time to volume orders of around 45-60 days (may be a lot less, I just don't want to make promises without hard facts from foundry) I believe that is quite a bit more attractive then Avalon chips for miner building, mining and DIY.
Also, and not to criticize Avalon but from what it seems, their "9-10 weeks" delivery time from order seems to have yielded very few chips to date, even from customers that ordered in April.
We are also making good progress on our 65nm chip development, that will bring far more effective chips to market.
Even though our generation 1 chip line is not a "revolution" in ASIC, we estimate them to sell very well and be quite profitable for our own mining operation.
From a potential investors point of view, can you explain the difference between your 130nm technology chip compared to Avalon, ASICMiner and BTCGARDEN (?) 130nm technology that makes your chip more then 10x efficient? "Multi core"? Better RTL design?
I would say that it is a combination of both the multi-core approach and a different design approach. The labcoin chip also isn't '10x as effective' at all. The designers have just managed to consolidate many hashing cores in one chip effectively. As you can tell, Watt/GH is still not terribly effective, but we consider this to be of less concern for our 1st gen.
Parallel with the 130 nm production labcoin is (and have for some time) working on the 65 nm 2nd generation chips that will be more efficient, powerful and competitive with next gen ASIC.
One can also point out that the Avalon chip design is now almost a year old, and pretty big advances has been made since they started their ASIC design process. The reason they can still produce chips at high profit is the large series they run. As for BTCgarden I just don't know enough about their chips to make an educated statement.
July 30, 2013, 11:07:13 AM
I think at least 24 hours notice would be good as well.
+1
Notice would be nice for everyone!
July 30, 2013, 10:55:26 AM
Couldn't this just be an Avalon chip order with lipstick?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
Though we use 130 nm technology our chips run at 4.5-5.0 GH/s per chip and have an estimated sale price of under $10. With lead time to volume orders of around 45-60 days (may be a lot less, I just don't want to make promises without hard facts from foundry) I believe that is quite a bit more attractive then Avalon chips for miner building, mining and DIY.
Also, and not to criticize Avalon but from what it seems, their "9-10 weeks" delivery time from order seems to have yielded very few chips to date, even from customers that ordered in April.
We are also making good progress on our 65nm chip development, that will bring far more effective chips to market.
Even though our generation 1 chip line is not a "revolution" in ASIC, we estimate them to sell very well and be quite profitable for our own mining operation.
From a potential investors point of view, can you explain the difference between your 130nm technology chip compared to Avalon, ASICMiner and BTCGARDEN (?) 130nm technology that makes your chip more then 10x efficient? "Multi core"? Better RTL design?
July 30, 2013, 09:53:24 AM
Couldn't this just be an Avalon chip order with lipstick?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
Though we use 130 nm technology our chips run at 4.5-5.0 GH/s per chip and have an estimated sale price of under $10. With lead time to volume orders of around 45-60 days (may be a lot less, I just don't want to make promises without hard facts from foundry) I believe that is quite a bit more attractive then Avalon chips for miner building, mining and DIY.
Also, and not to criticize Avalon but from what it seems, their "9-10 weeks" delivery time from order seems to have yielded very few chips to date, even from customers that ordered in April.
We are also making good progress on our 65nm chip development, that will bring far more effective chips to market.
Even though our generation 1 chip line is not a "revolution" in ASIC, we estimate them to sell very well and be quite profitable for our own mining operation.
July 30, 2013, 09:52:58 AM
Couldn't this just be an Avalon chip order with lipstick?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
Labcoin's chip runs at 4.7 GH/s @ 2.7W per Gh/s for 9-10 USD.
Avalon's chip runs at 282 Mh/s @ 6.6W per Gh/s for 7.8 USD @ 100 USD/BTC.
Labcoin's chip seems superior to me.
July 30, 2013, 09:36:04 AM
Couldn't this just be an Avalon chip order with lipstick?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
Your tech and pricing for chips is no better, and too late, no?
What am I missing?
July 30, 2013, 09:24:30 AM
200 btc is a lot for a board seat (not unreasonable though) AM's board seats were at like $6k
Absolutely true, but that was when bitcoin was valued far lower. Today a board seat (of course due to vast increase in ASICMINER valuation as well) would be around $1.8 million..
Would the board seats, and shares for them, be purchased off BTCT by any chance or is everything going through the exchange.
I think the solution to "off exchange sales" (as adviced by Burnside) is for larger share holders (and if we decide to announce board seats, the holders of them as well) to request verification of their ownership through Sam or Myself and simply use the BTCT.CO transfer system for share transactions. We MAY allow for transfer -out of shares and creation of "direct shares" but in the interest of time this is not something we will do before the IPO.
Worth noting is also that any larger share holder can use their shares to back new securities such as is the case for both ASICMINER PT and the TAT.ASICIMNER shares.
Short answer though: Most likely, if we make board seats available they would be purchased through BTCT.CO as all 10 million shares are registered with BTCT.CO and in the interest of transparency we would want this to remain the case.
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