When will development begin?

I'm not sure I understand the situation at the moment. If I made a bid last time, do I still need to resubmit a bid now? Do I still get to keep my bid in the same price bracket?

It's not too big for an academic project, as in a project driven by a group of students, professors and researchers. It would be a particularly remarkable one.

By the end of the project some of the students involved could have obtained a PhD degree for the work they have done.

Just not the one single paper he published in the beginning. That said, John Nash's 28-page thesis on equilibriums of games was already enough for his PhD degree...

A masters by the way is dead easy. Even at the highest standards you just have to do grunt work for the professor, some semi-original research over a few  semesters, and pass all courses.

If someone's interested in a last straw, they probably planned to make real machines while still screwing people, like BFL.

They may have planned to keep dividends to themselves for as long as possible, while at the same time trying to dump their stock at good prices. Perhaps they didn't plan to make that many chips, they made just enough to keep a large chunk of IPO money and bring the stock price to the moon for a while. Too bad, they fired Howard Wang too early.

As long as they don't leave behind evidence that make them a blatant scam, they have some room to wiggle and maximize profit. After all, for what they've done they may just as well produce something real; they would really have sold more of their 3mil shares if they didn't at least believe they'd make real chips. It's a lot more profitable and low-risk than running a complete scam at this level of sophistication - it seems TheSeven did receive some legit questions on 65nm chips.

They have been extremely stubborn in taking advice on hardware design, so it is unlikely we would see real improvement in a matter of months.

In the current situation, buying in now means you trust 1) they won't run away with the money they have left 2) their current chips work. For the gamblers, things may get better in the short term if they finally become listed at Bitfunder or deployed just enough massively underclocked chips to get some real hashrate.

Could you please comment how are the stable chips performing compared to the original specs listed in IPO?

Well, now they likely have to dump below IPO price, while setting up a transit could net them at least 2x. There should be exchange operators that are more than happy to accept them. They didn't get any heads-up to this event so they can't possibly be the majority of dumpers. Furthermore there have only been far less than 1m shares dumped so far, and it's already IPO price. burnside will be very busy, and I hope TheSwede75 would at least help a little bit.

It is to labcoin's interest to transit to an other exchange. They have 2m+ shares they can't hope to dump at a fair price during this mess.

To labcoin:
When trading is frozen, you will have to release a full, public list of assets owned by each public address.
This should happen long before the site closes down, so there will be time for shareholders to correct errors.
You should also be planning to transfer all your shares to an other exchange, and that should happen no later than the end of October.

(final edit back to the quoted version)

Hashrate has been around 730~750 GH/s quite consistently. Either fried chips or some underclocking..

>Has anyone noticed the mining income became 0.1 per half an hour? The hashing rate was the same as before. How come? They put online another 800 GH without joining the team?

If you look at the transaction you'll see a total BTC25 was distributed to a number of addresses. It was just a lucky block.

>25   labcoin   643.39 GH/s

Guess there's a reset and labcoin's doing PPLNS.

Not just the icing, it would actually be the whole lot of cream on a freaking wedding cake. Though I am still concerned with their hardware performance.

I hope it it's just a software glitch, not the exposed heat pad issues catching them...
perhaps they can try to under-clock the chips and learn a lesson for their 65nm version.

Just an opinion.

Bank of Cyprus had a market cap of only two magnitudes above the IPVO price, while having a large market share and dipping into a much larger range of businesses.

The opportunity is the mistrust of the Cypriots against their current banking system, but Bitcoin would sound equally shady to a lot of them. Mass adoption of Bitcoin could also expose Cyprus to external manipulation, so there is a risk that the grand plan would backfire. Moreover, remember Cyprus is a small country with ~1 million people, who are current having trouble spending money - expect much less consumer activity than your "usual" developed country, and note that a large part of this business revolve around consumer services.

Neo & Bee will at best grow just like an average start-up of its kind, probably even slower in its valuation in terms of Bitcoins. Nonetheless this can be seen as a worthwhile venture. If you believe in this startup, you should look away from the Bitcoin share price and focus on how it strengthens the Bitcoin economy. Basically, see it as a donation to help the rest of your Bitcoins rise. Good luck.

Just as a disclaimer I am not saying it must be Labcoin, but if we assume this address started mining on 10th September, the odds that this address has around 2TH/s is quite high. Moreover it doesn't come from a well-known pool, and I guess it takes some really weird judgement (like Labcoin did) to mine solo when you could only find one block in 2-3 days.

Not sure if anyone else posted this, but the address Ytterbium found has mined a new block:

http://blockchain.info/address/1NBDEAYH49tZvFMJ95oa4kYrqgecgnc16C

2 blocks are too few to indicate a trend, but the pace looks quite right for 2TH/s.

To anyone who still cares, remember to bookmark these pages:

TheSwede75 last posts
https://bitcointalk.org/index.php?action=profile;u=90389;sa=showPosts

labcoin last posts
https://bitcointalk.org/index.php?action=profile;u=120219;sa=showPosts

Because the announcements are kept being flushed away by the quarrels.

For some benefit of doubt, if their program didn't include the functionality of joining a pool in the first place, it takes some time adjust that. That said I'm not sure whether publicly released programs offer functionality to work with large and expandable ASIC farms off-the-shelf; the last time I looked they seem to be designed for standalone PC's with hashers connected as plug-and-play hardware, not routers / servers that connect to racks of ASICs through LAN.

Before I put you on ignore let me point out how you quoted out of context:

Did a search: https://bitcointalk.org/index.php?topic=125629.msg3125212#msg3125212

I don't think it's a good idea to share the IP; it attracts DDOS. All the more reason to go to a respectable pool.

+1 I guess it's a better gesture to join a pool for the time being. We can see it immediately rather than looking for signed blocks; it shaves about 2-3% off 75% dividends, which hurts, but reducing variance reduces risk for quite a lot given steep difficulty adjustments.