Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
Bitcycle
on 18/09/2013, 20:00:41 UTC
The troll FUDS is high in this thread imminent price rise expected. Within 24hours means before Wednesday ends. Cant wait for the morons to sell again and buy back for a loss, but the fact that the price hasnt dropped in the last 100 pages of FUD shows that most of the weak hands are gone.

I wouldn't call it FUD in all cases.

The fact is that Labcoin has missed mining target by a few days due to some unforeseen issues. ASIC mining with custom developed miners isn't always as easy as just plug and play, however I believe the team will prove the detractors wrong and in the next few days the mining hash rate will increase significantly. According to Sam the pool mining merge is a software issue and it is being resolved 'as we speak', after that it it simply a question of bringing hash rate online.

I have full understanding that there are many people that mistrust ASIC projects, as many of them (even the ones that were once 'untouchable') are having a very difficult time.

It's more than that.

They said they were mining at 2TH.

Obviously not the case.