TheSwede75



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Full MemberActivity: 224Merit: 100 Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) September 14, 2013, 01:03:52 AM #8220 UPDATE:



The Labcoin team is current tweaking boards and preparing for prodution

roll out of mining operation. Public mining address/Pool name will

be released as soon as the mining operation reaches a stable hash rate.



We are aware a lot of people are waiting for a address or pool name

where they can follow the hash rate and this is a priority, however

Labcoin also does not want the same kind of 'hysteria' that surrounds

ASICMINER every time pool rate drops or increases.



Once the miners have been deemed '100%' and can reliably mine 24/7 hash

rate will be made public and a new website will be launched where

shareholders can follow the growth in hash rate.



The 130 nm Chips run at approx 1.8 GH/s and the boards are still being

tweaked and tested so that once full production roll out starts

(approx 1-2 weeks) they will mine reliably 24/7



Labcoin has already ordered and will take delivery of OVER 100,000 chips

with accompanying boards and controllers for miner production and

rollout through the month of October.



Within 20 days (early Oct) approx 20TH will be online. Hash rate will

then progressively reach over 50TH of mining power during the month

of October as miners are brought online.



The mining operation will then be scaled up as miners are deployed and

will reach and pass 100TH+ in November to reach 500TH during the

month of December.



Other news:



Gen 2 65nm development is on track. Due to the fast increase in network

diff Labcoin will likely not sell or

ship volume 130nm orders but rather work towards quick tape out and

first run of 65 nm for bulk customer orders and consumer miners.



The 130 nm chips are still highly profitable for mining in datacenter in

China due to the short lead time and availabilty of resources etc.



Labcoin sees no reason to risk shipping chips at this point when the

team can just build miners on-site in China and reach very high

revenue mining with the chips instead of selling them to end users.





TLDR; Miners are being tweaked and tested still and deployment of

'significant' hash rate will be happening in the next two weeks, to reach

approx 20TH within 20 days. During October 50TH+ will be rolled out, to

reach 100TH+ in November and 500TH during the month of December.

65 nm is on track.



I will also post pictures of board and chips in about 2minutes.



Edit: here are chips and boards.



To clarify. Hash goal for Dec is 500th+ and that is from chips that are already ordered using IPO funds. Short term goal is 20 TH within 20 days, 50TH in Oct and 100+ in November. We consider it likely that we surpass both Oct and November goals. The Labcoin team is current tweaking boards and preparing for produtionroll out of mining operation. Public mining address/Pool name willbe released as soon as the mining operation reaches a stable hash rate.We are aware a lot of people are waiting for a address or pool namewhere they can follow the hash rate and this is a priority, howeverLabcoin also does not want the same kind of 'hysteria' that surroundsASICMINER every time pool rate drops or increases.Once the miners have been deemed '100%' and can reliably mine 24/7 hashrate will be made public and a new website will be launched whereshareholders can follow the growth in hash rate.The 130 nm Chips run at approx 1.8 GH/s and the boards are still beingtweaked and tested so that once full production roll out starts(approx 1-2 weeks) they will mine reliably 24/7Labcoin has already ordered and will take delivery of OVER 100,000 chipswith accompanying boards and controllers for miner production androllout through the month of October.Within 20 days (early Oct) approx 20TH will be online. Hash rate willthen progressively reach over 50TH of mining power during the monthof October as miners are brought online.The mining operation will then be scaled up as miners are deployed andwill reach and pass 100TH+ in November to reach 500TH during themonth of December.Gen 2 65nm development is on track. Due to the fast increase in networkdiff Labcoin will likely not sell orship volume 130nm orders but rather work towards quick tape out andfirst run of 65 nm for bulk customer orders and consumer miners.The 130 nm chips are still highly profitable for mining in datacenter inChina due to the short lead time and availabilty of resources etc.Labcoin sees no reason to risk shipping chips at this point when theteam can just build miners on-site in China and reach very highrevenue mining with the chips instead of selling them to end users.TLDR; Miners are being tweaked and tested still and deployment of'significant' hash rate will be happening in the next two weeks, to reachapprox 20TH within 20 days. During October 50TH+ will be rolled out, toreach 100TH+ in November and 500TH during the month of December.65 nm is on track.I will also post pictures of board and chips in about 2minutes.Edit: here are chips and boards. http://imgur.com/4yuBc9A To clarify. Hash goal for Dec is 500th+ and that is from chips that are already ordered using IPO funds. Short term goal is 20 TH within 20 days, 50TH in Oct and 100+ in November. We consider it likely that we surpass both Oct and November goals.