Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
Oh, I think he meant (you know, typical non-native speaker mistake...)
According to Sam, more hash rate will be REMOVED daily.
yep, appears so.
so, if there's no chance they will hit 1% in 2 weeks (the 20 TH/s promise will be broken), what is a reasonable price for a company mining at <.06% of the network?
according to the chart on the front page of this thread, .00012 is a fair price, and that's 1/10 of the current market price.
I think, given the delay we have, the most likely scenario is that their chips just did not work and at this point chances are slim that they will work. Their only possibility of cranking up the hash rate in the near future is to buy gear on the market.