Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
Well, since everyone here loves their numbers, let me throw some of mine into the mix:
Labcoin's plan is to bring the following hashrate online:
6TH/s in Mid-September
44TH/s additional in Mid/Late-October (total of 50TH/s)
Source:
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.
So, let's see where these numbers take us! I am using the following assumption: 35% Difficulty Increase per Period. This is a high estimate, as even the most recent DI was ~32% and that was the highest in the past few months.
We can calculate the value of this hashrate by inputting the current daily value of a 1MH/s miner and extrapolating it out to 1TH/s. Then, we multiply that daily mining value times the number of days in that Difficulty period. At 35% increases, each Difficulty period will only be 9.1 days.
So, as you can see here (yes, the chart does go all the way past this to 2/12/16, but I don't feel like stitching two images together this morning), with a Difficulty Increase factor or 35%, 6TH/s brought online in Mid-September (9/13/13) will yield approximately a total of BTC12445.3143, or BTC.00124453 per share. Even THIS is higher than the IPO price!
6TH/s
September 13
=.00124453/SHARE
How about the remaining 44TH/s that Labcoin is going to bring online in Mid-Late October? Nobody's perfect - lets make it November 6th!
44TH/s brought online 11/6/13 would still yield BTC45266.2753, resulting in a per-share yield of BTC.00452663!
44TH/s
November 6
=.00452663/SHARE
The best part - this doesn't even include hardware sales!
So, the expected value of JUST the 50TH/s that Labcoin plans to bring online is .0057721 per share, not including hardware sales, and NOT including the additional 50-150TH/s that their 65nm generation is going to bring!
50TH/s
6TH/s Sep 13 + 44TH/s Nov 6
=.0057721/SHARE
Everyone here can argue how they want, but if LC starts their early hashing on-time and their 44TH/s hashing even a week late, this stock is undervalued by 40% BEFORE hardware and additional future hashrate.
Cheers!
Labcoin's plan is to bring the following hashrate online:
6TH/s in Mid-September
44TH/s additional in Mid/Late-October (total of 50TH/s)
Source:
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.
So, let's see where these numbers take us! I am using the following assumption: 35% Difficulty Increase per Period. This is a high estimate, as even the most recent DI was ~32% and that was the highest in the past few months.
We can calculate the value of this hashrate by inputting the current daily value of a 1MH/s miner and extrapolating it out to 1TH/s. Then, we multiply that daily mining value times the number of days in that Difficulty period. At 35% increases, each Difficulty period will only be 9.1 days.
So, as you can see here (yes, the chart does go all the way past this to 2/12/16, but I don't feel like stitching two images together this morning), with a Difficulty Increase factor or 35%, 6TH/s brought online in Mid-September (9/13/13) will yield approximately a total of BTC12445.3143, or BTC.00124453 per share. Even THIS is higher than the IPO price!
6TH/s
September 13
=.00124453/SHARE
How about the remaining 44TH/s that Labcoin is going to bring online in Mid-Late October? Nobody's perfect - lets make it November 6th!
44TH/s brought online 11/6/13 would still yield BTC45266.2753, resulting in a per-share yield of BTC.00452663!
44TH/s
November 6
=.00452663/SHARE
The best part - this doesn't even include hardware sales!
So, the expected value of JUST the 50TH/s that Labcoin plans to bring online is .0057721 per share, not including hardware sales, and NOT including the additional 50-150TH/s that their 65nm generation is going to bring!
50TH/s
6TH/s Sep 13 + 44TH/s Nov 6
=.0057721/SHARE
Everyone here can argue how they want, but if LC starts their early hashing on-time and their 44TH/s hashing even a week late, this stock is undervalued by 40% BEFORE hardware and additional future hashrate.
Cheers!
This doesn't seem to be right. 6TH/s would mean 0.75% of total Network hash rate in September considering that a total hash rate of ~800TH/s.
We know that each month there are about 108k BTC mined, so 0.75% * 108k = 810 BTC.
Further, only 80% of PROFITS will be shared amongst shareholders. Profit means revenue - cost. Cost includes electricity, etc. Let's assume that 60% of this 810 BTC will be shared with shareholders, this means 0.6 * 810BTC = 486 BTC.
Now dividing 486 BTC per 10 million shares gives us 0.0000486 BTC per share per month.
This is why we only really start making money when 50TH/s is online.