This can anyone run some numbers? Im going to take a guess of 5BTC+/share without hardware sales profits.
5btc/share is a ridiculous estimate (sorry, but it is).
Assuming the global network hashrate is 6PH by Jan 1 and Labcoin is hashing @ 500TH/s, that is 8.33% of the global network.
A conservitive estimate of global bitcoins mined in a 2 week period is 56,000 (4,000 x 14).
8.33% of 56,000 is 4666.648 bitcoins divided by 10,000,000 shares is .0004666 / share.
~30% is removed for costs/reinvestment etc.
Final result: .0003266/share for the 2 week period. (roughly .0085 annually) for a share price of
.0339 @ 25% annual return.
Of course this is entirely unrealistic as nobody would at this point trust labcoin enough to be happy with a 25% annual return.
I don't believe they will be hashing @ 500TH/s. I don't think we should take them that seriously with the numbers.
8.33% of the global network is unlikely. 3% is realistic. But yeah I agree with you, the amount of credibility they have lost they should be aiming for 15% of the network and not 8%. They should be going for 2000TH but let me be realistic I don't think they can get 500TH by Jan 1 2014. 2000TH is something only Asicminer could pull off at this point. I say this mainly because I don't think they can possibly deploy 500TH by 2014 unless they somehow can outsource it and if they can do that then why not push for 1000TH?