Actually he said they are going to mine in a pool, so you can't see newly generated coins on that address.
I don't understand. Are they allegedly solo mining or pool mining?
This is fuzzy:
... and users will be able to view the mined coins through pool and this address:
https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trmI have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.
According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.
TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.
They claim they were supposedly solo mining with at least 2TH since 2 weeks ago, so we demanded a "mining address" to see all the newly generated block rewards. So after 2 weeks, finally they post an "address" that has zero bitcoins, now they conveniently switch to pool mining, which makes the "mining address" useless in terms of proof of mining. I bet they don't have a public stat page from the pool neither.