The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.
Direct confession of a lie. They were never hashing.
Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working.
This is weasel wording Swede.
In the update when Labcoin said they were hashing at 2TH/s it was worded such that a rig was solomining and more power was being brought on soon. 1 chip can't hash at 2TH/s only a combined rig can.
So this is a lie isn't it. I don't remember last week Labcoin saying they had done chip tests and got them to hash. It was worded such that we were in business. Which is not the case.