Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
FloatesMcgoates
on 20/09/2013, 22:40:21 UTC
We promise pictures of some boards mining will be up for this weekend.
And here it comes, finally, today we are proud to announce the starting of mining operations in time with our roadmap.  
The last week has been extremely busy and work is still in progress to bring online the whole hashing power.

We're currently averaging about 2 TH/s in solo mode, and expect to deploy at least 4 TH by monday 16, to reach gradually 50 TH within October.

The website will be updated this week in order to show our live hashing rate and dividends will be paid every two weeks.
More pictures of the laboratory setting where the hardware is currently deployed will be also distributed. Complete installment will be shown when our final premise will be ready. We're still considering some business aspects, including only focusing on the upcoming 65nm version for what concerns bulk chip sales. We plan to take a final decision regarding this issue during the next month.

We want to say thanks to all investors who trusted us during this long endeavor.

We will be here for about one hour to answer questions.

Labcoin Team

Labcoin: What is the reason for the drop from the original estimate of 6Th/s to 3-4Th/s to now 2Th/s for this initial batch? Is there a problem with heat?

Not really a drop to 2 TH, this is roughly the speed we're mining at now, it will reach 4 TH next monday. The drop  was from 6 to 4 TH and was caused by some underperforming part of the batch.
Labcoin: What is the reason for the drop from the original estimate of 6Th/s to 3-4Th/s to now 2Th/s for this initial batch? Is there a problem with heat?

Not really a drop to 2 TH, this is roughly the speed we're mining at now, it will reach 4 TH next monday. The drop  was from 6 to 4 TH and was caused by some underperforming part of the batch.

when do we expect a dividend? somewhere this week?

So 2 weeks till we start seeing divs?

First dividend payment is due  on tuesday 17 September

It doesn't matter what labcoin "announces" today (according to swede), as they have proven to have lied in nearly every post so far