Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
JohnyBigs
on 14/09/2013, 17:12:19 UTC
Yeah 500th/december only makes 2 million the first month. What you day makes no sense, if that was the case they would just pump instead of trying to predict cycles which they won't even be able to sell out of.

Firstly I am not positive its a scam. I post an alternative point of view because if it was a scam this is how it would go. You milk as much as possible because riding might make more than one giant dump. Also if this is a scam then its not over yet, the giant dump might be on its way. For example they post a address mined with an avalon or something and in minutes the share rockets before the investors realise its not a 100TH/s miner. Then as the FUD starts they dump the whole thing and thats when its over. The whole game nets them 20,000 bitcoin +

However I think its only slightly more likely its not a scam and they have tested a few individual chips, but they can't hash them consistantly, don't have proper boards assembled and have been lying all this time. They said 2TH/s because they got 1 chip working and expected all the others to follow, but that did not happen and by then they made the post. The situation now is they might be able to get a few GH/s online but its all just falling apart.

Take one of those two, I understand you will opt for a third option, that they are really mining with a rig and assembled boards. But I don't see that as a plausible possibility.

EDIT: and getting 500TH/s online is unrealistic. This is complete and utter fantasy. No chance this was ever a possibility, especially by December's end.

Quoting myself because i'm at the end of the stupid page and I want Johny to tell me his third option to my two I presented.

Only reason I can think for option 3 is they are paranoid or have some sort of mental problem where they think they will get screwed posting before they have a very high hash rate, but I think option to is the most plausible. They might be hashing but on and off, and probably nowhere near 2th for an extended period of time as their boards need tweaking to be stable.