Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
I am sorry if I made it unclear. Holding a small portion of Bitcoin would NOT be to pay dividends out of 'thin air' of course. This would simply be a small buffer to use for dividends if say Fiat payments are made for bulk chips or miners from customers and BTC is hard to 'come by'. I will pose this question more clearly to the Labcoin team, but rest assured this is NOT a large amount of Bitcoin we are talking about and of course no coin will be held at all if needed to grow the project or pay for Chips/Hardware/Dev etc.
How far along are you on the rest of the hardware design? i.e. boards for the chips to go on, as well as drivers to operate them? That stuff all needs to be done in parallel so it's 100% ready when the chips arrive.
If you guys could release some more details stuff (pin outs, circuit board designs, etc) would probably do a lot to boost "investor confidence" (i.e. share price
) EDIT: Actually I looked back at your page in more detail and I see the chips have a built-in 2-pin serial link which can link to a USB chip. So, for the 130nm design building the hardware should be quite straightforward.
Still, with KnC set to hit by the (end?) of October, etc it would be helpful to see more technical details about how you're going to move forward fast and get the hashing power online once everything gets rolling.