Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
So LABCOIN is now hashing at about 250 GH/s (= 1.12 BTC / day currently, at 100% PPS), new rumors seem to indicate that they are mining with Avalons (but that could be FUD).
There is no way I'm back in under such conditions. Besides, 250 GH/s is ridicule compared to the 6 TH/s that were promised two weeks ago: it's about 12 times lower than what was announced earlier.
My advice: stay out if you're not in....
There is no way I'm back in under such conditions. Besides, 250 GH/s is ridicule compared to the 6 TH/s that were promised two weeks ago: it's about 12 times lower than what was announced earlier.
My advice: stay out if you're not in....
Haha, what sound advice you give. Based on a picture thats a few months old, and likely not applicable to the current situation....
So dump everything you say?
No, I said do not buy, I didn't say dump.
Obviously the stock price is still highly volatile / explosive.
If you want to gamble, do what you want, you might always make a profit selling higher later.
If you want to play it safe, don't buy. If you have an open position, place your asks just above your buying price and get out while you can without being at loss.
In any case, panic selling wasn't wise from me, but Labcoin is so toxic right now, who wants a long term position in that...