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Trading has been permanently frozen for the site wind down.

LABCOIN  operated by labcoin2 since Jul, 7 2013  

WARNING -- This asset has been flagged for potential violation of their Stockholder Agreement. More information is available here. Please place your orders accordingly.

Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
9999995 2@0.0001799 -- -- -- -- -- -- -- 0.0001081 0.00016 0.0002648 70k 0 1    (1/0)


Bids   (Log in to trade ...)
164516 Shares, 0.02398287 BTC
Quantity Price
14 0.0001351
18 0.0001204
1 0.0001201
66 0.0001000
124000 0.00000010
40000 0.00000002
417 0.00000001

Asks   (Log in to trade ...)
712858 Shares, 1933.7087368 BTC
Quantity Price
9955 0.0001800
5000 0.0001900
10000 0.0001999
453 0.0002524
1 0.0002707
5001 0.0002990
32 0.0003000
1 0.0003490
1 0.0003800
1809 0.0003810
7300 0.0003950
1 0.0003990
1631 0.0004230
1545 0.0004710
2140 0.0004899
3000 0.0004949
21000 0.0004995
1100 0.0004998
4181 0.0005000
10000 0.0005198
3000 0.0005199
1427 0.0005230
1760 0.0005500
1000 0.0005600
5000 0.0005699
1348 0.0005820
5000 0.0005990
10000 0.0005997
284 0.0006000
1790 0.0006200
1273 0.0006460
1000 0.0006700
1600 0.0006789
3000 0.0006890
1000 0.0006898
271 0.0007000
1293 0.0007170
500 0.0007390
18000 0.0007500
4000 0.0007593
3000 0.0007699
1000 0.0007760
723 0.0007761
1000 0.0007774
8201 0.0007776
1194 0.0007990
1 0.0008000
3000 0.0008189
2000 0.0008599
1134 0.0008880
10000 0.0008887
3001 0.0008900
16530 0.0009000
5800 0.0009550
1000 0.0009860
17000 0.0009890
17682 0.0009900
30000 0.0009960
4000 0.0009980
3135 0.001000
10000 0.001080
956 0.001096
3000 0.001098
2000 0.001099
10000 0.001149
10 0.001200
3000 0.001208
900 0.001217
2000 0.001280
1 0.001294
1000 0.001295
2000 0.001299
2800 0.001349
851 0.001352
2000 0.001399
1000 0.001410
100 0.001430
3000 0.001449
2000 0.001469
2000 0.001496
2000 0.001499
108618 0.001500
796 0.001502
500 0.001549
2500 0.001550
2000 0.001554
85 0.001598
500 0.001599
1500 0.001655
1000 0.001694
100 0.001700
1000 0.001794
1199 0.001800
1000 0.001890
70 0.001909
10000 0.002111
3351 0.002300
5893 0.002360
1090 0.002390
8200 0.002400
4549 0.002495
13227 0.002497
1000 0.002500
100 0.002600
6316 0.002669
2875 0.002697
5000 0.002699
102 0.002790
2000 0.002798
3200 0.002800
30000 0.002898
5000 0.002980
2890 0.002999
28407 0.003000
5000 0.003200
3000 0.003400
50 0.003410
780 0.003499
5630 0.003500
840 0.003530
100 0.003598
1000 0.003600
1042 0.003800
3 0.003850
1150 0.003900
899 0.003990
4855 0.004000
1000 0.005900
7000 0.006000
99695 0.010000
30 0.020000


Market Depth

Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
9999995 2@0.0001799 -- -- -- -- -- -- -- 0.0001081 0.00016 0.0002648 70k 0 1    (1/0)

CALL Options Available For Purchase
(an option to purchase shares)
Option ID Expiration Qty Strike Premium/ea Cost/ea
None available...

PUT Options Available For Purchase
(an option to sell shares)
Option ID Expiration Qty Strike Premium/ea Proceeds/ea
None available...


Trade History
Date Type Quantity Price Total
2013-10-08 15:30:27 Market Buy 2 ฿ 0.0001799 ฿ 0.0003598
2013-10-08 15:15:31 Market Buy 213 ฿ 0.0001799 ฿ 0.0383187
2013-10-08 15:15:24 Market Buy 12 ฿ 0.0001798 ฿ 0.0021576
2013-10-08 14:24:05 Market Buy 45 ฿ 0.00018 ฿ 0.0081
2013-10-08 14:23:20 Market Buy 1 ฿ 0.0001799 ฿ 0.0001799
2013-10-08 14:22:41 Market Buy 11 ฿ 0.000178 ฿ 0.001958
2013-10-08 13:56:05 Market Buy 1 ฿ 0.000177 ฿ 0.000177
2013-10-08 12:55:19 Market Sell 1 ฿ 0.000131 ฿ 0.000131
2013-10-08 12:33:08 Market Buy 2800 ฿ 0.000182 ฿ 0.5096
2013-10-08 12:33:07 Market Buy 55000 ฿ 0.00018 ฿ 9.9
2013-10-08 12:33:07 Market Buy 5600 ฿ 0.0001788 ฿ 1.00128
2013-10-08 12:33:07 Market Buy 2000 ฿ 0.000178 ฿ 0.356
2013-10-08 12:33:07 Market Buy 2963 ฿ 0.000165 ฿ 0.488895
2013-10-08 12:33:06 Market Buy 2849 ฿ 0.0001648 ฿ 0.4695152
2013-10-08 12:33:06 Market Buy 19 ฿ 0.0001644 ฿ 0.0031236
2013-10-08 12:33:06 Market Buy 10000 ฿ 0.000162 ฿ 1.62
2013-10-08 12:33:05 Market Buy 900 ฿ 0.00015 ฿ 0.135
2013-10-08 12:27:21 Market Sell 4576 ฿ 0.0001301 ฿ 0.5953376
2013-10-08 12:20:53 Market Buy 100 ฿ 0.00015 ฿ 0.015
2013-10-08 11:27:21 Market Sell 1000 ฿ 0.00013 ฿ 0.13


Dividend History
Date Total BTC Shares BTC/Share Status
2013-10-16 01:01 ฿ 5.20508040 9999995 0.00000052 COMPLETE
2013-10-04 17:50 ฿ 10.57765224 9999996 0.00000105 COMPLETE
2013-10-04 15:52 ฿ 10.57765224 -- -- CANCELED
2013-10-04 14:55 ฿ 10.57765224 -- -- CANCELED
2013-10-04 14:38 ฿ 10.57765224 -- -- CANCELED
2013-10-04 14:32 ฿ 10.57765224 -- -- CANCELED
2013-10-04 10:15 ฿ 10.57765224 -- -- CANCELED
2013-09-24 17:32 ฿ 14.67044734 10000000 0.00000146 COMPLETE



Pool mining started Posted: 7 years ago
The launch of the mining operation has been delayed and the team is still tweaking miners we now have around 800gh hashing at btcguild at:

http://www.btcguild.com/index.php?page=rankings&section=teams

The Labcoin team is currently listed as 23 Labcoin.

More hash rate will be deployed daily.

Mining started Posted: 7 years ago

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.

Labcoin Team


IC preview Posted: 7 years ago

IC preview released :

https://bitcointalk.org/index.php?topic=263445.msg3034290#msg3034290

QFP packaging, 44 pin, no exposed heat pad

More pictures coming soon

 


Status update Posted: 7 years ago

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.


Regarding shares owned by the Labcoin founders and developers. Posted: 7 years ago

News

Regarding shares owned by the Labcoin founders and developers.

Due to inquiries LABCOIN has received from investors, the founders and developers involved in the LABCOIN project has decided to voluntarily lock in 75% of all shares owned by the LABCOIN core team for 12-months.

This means that no founder or developer owning shares in LABCOIN will sell an excess of 25% of their shares for at least 365 days from today's date.

This is being publicly announced to set to rest any concern that the LABCOIN team has any interest in liquidating their holdings in the project.

Q: Why not lock in 100%?
A: Simply because we feel that it is only fair to allow the members of the LABCOIN team that wishes to sell smaller portions of their ownership should they need some Bitcoin for any unforeseen expense during the first year of operations.
 


TRADING RESUMED ON LABCOIN Posted: 7 years ago
TRADING HAS BEEN RESUMED ON LABCOIN BY BTC-TC ADMINS.

No motions yet
Contract & Prospectus
Ticker STOCK: LABCOIN
Moderator Score 1  (1/0)
Moderator Votes YES 1 / 0 NO    (0 ABSTAINING -- Users with 10 or more shares of LTC-GLOBAL are allowed to vote.)
Shares Outstanding 9999995 / 10000000 Issued
Issuer labcoin2 <info@labcoin.com>
Website http://labcoin.com/
Forum https://bitcointalk.org/index.php?topic=263445.0
Issuer Detail

Company Details / Representative

Samuel Noi - Nominee Director

Labcoin - Proprietary ASIC technology / iTec-Pro Limited

Hong Kong - China

sam.noi@labcoin.com

 

About Labcoin

 

Reference staff and contacts

 

Fabrizio Tatti 

- Founder and sole owner of iTec-pro Ltd

- Brief CV : http://cn.linkedin.com/in/fabriziotatti

 

Samuel Noi

- Nominee Director of iTec-Pro Ltd and PR representative for Labcoin.

 

Howard Wang

- Team Leader at Research Institute of Tsinghua University in Shenzhen

- Master's, Electronic Science and Technology Tsinghua University in Integrated Circuits & Systems

- Bachelor's, Electronic and Information Engineering Beijing University Aeronautics and Astronautics

 

Michael Sparmann (theSeven)

- Bitcoin expert, contributor for Open-Source FPGA Bitcoin miner

- Generalist software developer, touched most layers from electronics to web development

- Background on low level software (down to the hardware interface, bare-metal software, operating systems, kernel, etc. )

 

Daniel Larsson (TheSwede75)

- Marketer, member of Bitcointalk, group-buy manager and bitcoin enthusiast. Acting as communications assistant with Labcoin.com in IPO and marketing.

 

Other project information

 

Company website url : http://www.labcoin.com

Company registration: http://www.linkedin.com/company/itec-pro-limited

http://i.imgur.com/qYw7Maf.jpg

Security bitcointalk.org link: https://bitcointalk.org/index.php?topic=263445.0

Hardware bitcointalk.org link: https://bitcointalk.org/index.php?topic=241033.0

 

Stockholder Agreement

Goals

The goal is Labcoin.com is to develop, manufacture and sell crypto currency mining equipment based on ASIC (Application Specific Integrated Circuitry) to the public.

Labcoin.com also intends to when/if possible and profitable use ASIC to mine crypto currency.

To reach that goal labcoin.com has developed and is planning to start starting manufacturing of a first batch of bitcoin miners based on proprietary 130 nm ASIC technology in August 2013.

The development of the 130 nm ASIC has already completed and a first-run of production chips will be started immediately upon success of the IPO.

Development has is also under way for a 65 nm version and the company has already invested $100.000+ in development and preparations for a first run of chip production of 130 nm chips that will be used for prodution of miners for sale to the public.

The goal of this IPO is to allow the company founders to recouperate some of the investment made into development and production of the first batch of chips, and to allow for continued development.

 

Current project status

The development of the first generation of 130 nm chips have been paid for and all contracts and tests have been made to facilitate a first run of chips upon successful completion of the IPO (see. contract here: http://labcoin.com/docs/1.jpg http://labcoin.com/docs/2.jpg http://labcoin.com/docs/3.jpeg )

The first run will yeild 1000-1500 chips @ 130nm, 300Mhz, Power 0.8W, 6.5x6.5mm design. With specs of 5 GH at 2.7W/GHash.

With production ordered of the first run of chips, estimated time to possible 'open day' and prototype is 45 DAYS the beginning of August.

Sale and delivery of the first generation of ASIC miners is expected to be shortly after prototype.

Paralell with this tape-out final tests and development of the 65 nm chips is ongoing and current test show that the 65nm 500mhz design will output 450~500MH at 0.7~0.8~1W, showing a great improvement over 130 nm.

The majority of the funds raised in the IPO are intended for first run of 130nm chips and following mass production of chips. Funds from the IPO will also finance development, NRE and prodction of the second generation 65nm ASIC chips and subsequent mining equipment manufacturing.

 

Shareholder information

The IPO will be announced through Bitcoinforum.org and through the BTCT.CO website several days in advance and labcoin.com and representatives will be available for answering questions regarding the company, financing etc.

 

Labcoin.com will protects the share holders by agreeing to:

- Not offer any further shares outside of what is stated in the contract over the open market or otherwise once the IPO has been filled.

- Regularly communicate the project financials to share holders in a way that lets share holders evaluate the performance, capital outlay and future of the project.

- Pay regular dividends amounting to a percentual share of ownership in the company on a bi-weekly basis. The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing. ALL share holders have the right to an equal share of dividends directly based on their ownerhsip. 

- Not change the direction or goal of the company without share-holder votes as per the statures of BTCT.CO

 

General shareholder contract and IPO information

Labcoin.com aims to raise 7.000 Bitcoin (BTC) through the issue of 7.000.000 shares in the IPO. The shares will be issued at a price of 0.001 BTC per share. The total amount of shares in labcoin.com will be 10.000.000 shares, with labcoin employees, representatives and owners will hold 30% of outstanding shares.

All shares are entitled to an equal percentage of dividends and all shares sold in the IPO are considered to be non-voting shares. Labcoin does however bind itself to NOT significantly change the direction of the company without share holder input. 

The IPO will be considered successful if at least 4.000.000 (4 million) shares are sold in the IPO. If less than 4.000.000 shares are sold within a 'reasonable' timeframe (30 days) the entire IPO will be refunded to share holders (100% of share value). 

No more then 7.000.000 shares will be sold in the IPO. And no more shares then 10.000.000 will be created without a vote on btct.co (we do not forsee the need to ever sell more than 10.000.000 shares).

Executive Summary

Excecutive summary

Labcoin started out as a privately funded experiment, managed by iTec-Pro Limited back in September/October 2012, with the aim of exploring the development of novel mining technologies.

In early 2013 development of a 180 nm ASIC chip was started and in late spring this chip design became the foundation for the current development of and production of a highly competative and cost effective 130 nm ASIC chip. This is the chip that the company now has secured production of for it's first ASIC Bitcoin miner product.

ASIC is an acronym that stands for "Application Specific Integrated circuit", and indeed, in our case, the specific application we are interested in, is Bitcoin mining.

The company is running two separate development teams in both Europe and China, enabling the paralell development and production of 130 nm ASIC and the future 65 nm ASIC chips.

Developing a custom integrated circuit is no simple task, requires time, highly skilled, trained team of engineers, and a deep, low-level knowledge of hardware, and Bitcoin mining process.

Currently many companies are attempting at cutting a share of the market but only a few of them actually shipped real hardware (though intermittently) and proved as real competitors.

It is our ultimate future goal to control a "fair share" (approx 10-15% or more) of the Bitcoin network global hashrate, and position us both in the market of IC manufacturing, Bitcoin mining and mining hardware sales, for profit and benefit of the Bitcoin community and network decentralization / security.

Through our strategy, hard work and good communication channels with several foundries, (eased by one of the key team members being a researcher at the `Research Institute of Tsinghua University in Shenzhen`) we believe to possess the right combination of skills, know-how and industry connections for being able to compete successfully in this niche segment, where time-to-market is critical.

The planned IPO, if filled will vitalize Labcoin with between $600.000-$650.000 (at a bitcoin/USD value of between $80-$90) enabling first run and mass production of 130nm chips and miners as well as continued development of 65 nm ASIC technology and miners.

In our mind there is no doubt that the funds raised will enable labcoin to become a power player in ASIC chip production, ASIC Miner sales as well as Bitcoin mining. Enabling Labcoin to thrive as a profitable company for investors and owners old and new.

 

Business Description

About Labcoin

The goal of the Labcoin project is to develop, manufacture and sell crypto currency mining equipment based on ASIC (Application Specific Integrated Circuitry) to the public.

Labcoin.com also intends to when/if possible and profitable use ASIC to mine crypto currency (Bitcoin primarily) and work towards holding a "fair share" (10-15% or more) of the total hash-rate of the Bitcoin network. 

Labcoin is a independent development project founded by iTec-Pro limited in Hong Kong and operates two development and production teams in China as well as in Europe.

Company vision

The vision of Labcoin is to become a major player in the ASIC hardware and bitcoin mining world. Reaching quick profitability and through both development, Chip sales, Bitcoin Miner sales and when profitable Bitcoin mining provide many years of high dividends and returns to its share holders.

A lot of the goals the company strive towards are exemplified through the current bitcoin hardware and mining “market leader” ASICMINER (currently listed on Bitfunder as well as BTCT.CO), who has managed to through hard work, perseverence, development, mining and sales become one of the most profitable companies in cryptocurrency history.

Business goals and objectives

The first goals of Labcoin has already been reached with the successful development and ordering preperations for the first run of 130 nm ASIC chips.

The next step for Labcoin is to order mass production quantities of these chips to build and sell the first version of it's ASIC Bitcoin miner to members of the public.

Further goals include continued sales, and when profitable for share holders Bitcoin mining and the finished development of 65nm ASIC chips, as well as continued sales of the 130 nm chips and miners.

For the future, the goal is to continue developing new generations of ASIC for Bitcoin mining while providing share holders with high dividends and increasing profits as the company matures.

 

Brief history of the business.

Labcoin started as a privately funded experiment, managed by iTec-Pro Limited back in September/October 2012, with the aim of exploring the development of novel mining technologies.

After reaching a proof of concept in 180 nm ASIC the project took a look at the market, and decided to focus on a more viable 'version 1' of 130 nm chips, and development of a 65 nm version as well.

In June/July of 2013 the 130 nm version of a multi-core chip was finished and all preparations for first-run of chips was made. These are the chips that will be the basis of the companys first version of ASIC Bitcoin miner, all while development of the 65 nm chips continue.

Labcoin is now at a place where capital is needed for first run, volume chip production and manufacturing of ASIC miners using the 130 nm ASIC chip. IPO capital will also fund continued development and production of the second generation of ASIC chips (65 nm).

 

 List of key company principals

 

 Fabrizio Tatti 

- Founder and sole owner of iTec-pro Ltd

- Brief CV : http://cn.linkedin.com/in/fabriziotatti

 

Samuel Noi

- Nominee Director of iTec-Pro Ltd and PR representative for Labcoin.

 

Howard Wang

- Team Leader at Research Institute of Tsinghua University in Shenzhen

- Master's, Electronic Science and Technology Tsinghua University in Integrated Circuits & Systems

- Bachelor's, Electronic and Information Engineering Beijing University Aeronautics and Astronautics

 

Michael Sparmann (theSeven)

- Bitcoin expert, contributor for Open-Source FPGA Bitcoin miner

- Generalist software developer, touched most layers from electronics to web development

- Background on low level software (down to the hardware interface, bare-metal software, operating systems, kernel, etc. )

 

Definition of the Market

Labcoin market definition and outlook

The Bitcoin mining market, and ASIC specifically is still very much in it's infancy. There are to date less then 10 companies world wide (as per our own research) that are involved in the development and production of ASIC chips, ASIC based Bitcoin miners and Bitcoin Mining on a larger scale.

This market of course come with quite a bit of risks as a lot of the factors to success are time to market based and depend on a multitude of factors including but not exclusive to: Chip quality, chip delivery time, PCB manufacturing, Schematics, functionality and software.

The need that Labcoin aims to fill is the need for more serious companies developing, manufacturing and selling ASIC Bitcoin mining equipment to the general public.

The continued development and sales of fast, energy efficient and quick to market Bitcoin mining products is critical not only to the profitability of Bitcoin mining for customers but for the Bitcoin system as a whole.

Labcoins target market is because of the continued good health of the Bitcoin network, mining profitability and crypto currency as a whole very large, and we believe that a well made, well performing and timely produced product will be very successful. 

 

 

Products and Services

The products and services that Labcoin aim to provide to customers are as follows:

- Production of mass quantities of 130 nm generation 1 ASIC chips (First run production scheduled, NRE costs taken and first batch of chips to be ordered)

- Development and production of Bitcoin Miners, based on the 1st generation ASIC Chips available to customers within 2 months of successful IPO (Component choice made and ordering ready to start)

- Development and production of both 2nd generation ASIC chips and 2nd generation ASIC chip based miners. (Development well under way, and proof of concept for 65 nm shortly to be presented)

- Labcoin also intends to, when profitable for the companys share holders manufacture and run it's own Bitcoin mining operation, with profits from mining operations paid in full as dividend to share holders.

The goal of the mining operation is to while providing profits and dividends, work towards holding a 'fair share' (10-15%) of the total hash rate of the Bitcoin network or more.

 

 

 

Organization and Management

Labcoin project management

Labcoin is managed by a combination of developers, technical staff and company founders with the help of several active bitcoin miners, marketing professionals and crypto currency experts. 

Labcoin will also actively seek input and advice from share holders, as we recognize the vast amount of knowledge and technical expertise that is accessible through the bitcoin community at large and the membership base of bitcointalk.org in particular. 

 

The core management team of Labcoin consists of

 

Fabrizio Tatti 

- Founder and sole owner of iTec-pro Ltd

- Brief CV : http://cn.linkedin.com/in/fabriziotatti

 

Samuel Noi

- Nominee Director of iTec-Pro Ltd and PR representative for Labcoin.

 

Howard Wang

- Team Leader at Research Institute of Tsinghua University in Shenzhen

- Master's, Electronic Science and Technology Tsinghua University in Integrated Circuits & Systems

- Bachelor's, Electronic and Information Engineering Beijing University Aeronautics and Astronautics

 

Michael Sparmann (theSeven)

- Bitcoin expert, contributor for Open-Source FPGA Bitcoin miner

- Generalist software developer, touched most layers from electronics to web development

- Background on low level software (down to the hardware interface, bare-metal software, operating systems, kernel, etc. )

 

Marketing Strategy

Marketing strategy

The marketing strategy of Labcoin is fairly simple. Our products are all based on the real-world usability of chip designs in Bitcoin mining. The worlds largest bitcoin focused forum bitcointalk.org will be our primary marketing channel together with labcoin.com

There are some plans for external marketing through web-based marketing campaigns, but in an initial phase we are very confident that our strong product line will speak for itself and sales will come primarily through word of 'mouth' in the bitcoin community.

A fast, reliable and profitable mining solution with a quick time-to-market is essentially a 'bitcoin printing press' for it's owner and this is what we intend to market, sell and when profitable for our share-holders use ourselves for Bitcoin mining. 

Financial Management

Financials

The financial management of Labcoin as a start-up project will be continously updated as the project starts generating expenses and income. 

For the near future the project has already privately funded the development of the 1st generation 130nm ASIC chip, all NRE (non reocurring expenses) related to this development, and labcoin is fully prepared for first run of chip production.

The start-up costs until this time are in the neighborhood of $150.000 and have already been paid prior to the IPO. 

Labcoin's plan is to use the funds raised through the IPO to both fund development and production of the second generation of 65nm ASIC chips, and to pay for mass production orders of the 1st generation 130nm ASIC chip, as well as all components and hardware neccisary for building the first generation chip into consumer grade ASIC Bitcoin mining equipment. 

Since the development costs and NRE has already been paid, volume production of the 1st generation 130nm ASIC chip is projected to be exceptionally profitable.


ʡ = Recent Notification or Pending Motion, ʬ = Recent Contract or Prospectus Change