Ninjastic
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Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
KCBitcoin
on 18/09/2013, 00:04:14 UTC
Quote from: Twilight_Sparkle on September 18, 2013, 12:00:35 AM
Quote from: Ytterbium on September 17, 2013, 11:56:26 PM
Quote from: Bitcycle on September 17, 2013, 11:53:07 PM
I'm pretty convinced they haven't been mining much at all now.  They may have just started in the last 24-48 hours.

There's not any other credible reason to delay releasing the address.

Or they've had very bad luck. That's likely the reason for all the delays about posting the address. They're embarrassed about how few blocks they've found (likely zero)

+1 they are in a bit of a jam. They can either post the address with zero blocks, or not post it at all and deal with the already low trust issues.  Sure, there using a stalling tactic to hopefully find a block.... but what are the odds of them finding a block within the next 20ish hours? Pritty low I am afriad  Undecided
But i feel what labcoin is hiding more than just bad luck.

I dont think they have the brainpower to come up with such high-end strategy like "They can either post the address with zero blocks, or not post it at all and deal with the already low trust issues. "