So when are we receiving our payouts from those 1000 blocks!?
It's 1,000 btc and they're rewards won by the pool Icedrill has developed and/or commissioned. https://blockchain.info/address/12ej4RUwoszmQoKYyFg6Ej27L82xhFS5AoPool Development
1st release candidate has been in play for a while now, and we clocked it stable (massively expandable) at around 2.1 Ph/s for a few days, allowing us to hit the milestone of 1000th bitcoin blocked on software we developed and/or commissioned for solo and/or pooled mining. Details on what makes this pool project so different will be made clear over the coming days as we prepare for launch to a wider audience.
Company reorganization
We are currently in progress to move from a single-sig to a multi-sig wallet handling solution. Some of the major PU holders will hold part of the keys to this wallet. This should improve the day to day financial-handling as we choose a fund manager. A simple dividend payout plan has been suggested and I support it fully.
Cryptomex
Now, while Cryptomex isn't very technically advanced it did make some decent regulatory/compliance strides in that it passed an initial round of questioning and scrutiny by the HK SFC. The main issue I have with the project is that it loses impetus every time I step away from it for a while, which is a pity. How/if we continue with this project will be decided in the coming days.
-If Icedrill developed and/or commissioned the creation of this pool, where did the funding come from? -Who are these major PU holders that will be holding the keys and how were they selected? -Why is a fund manager necessary for "day to day financial-handling"? Since it hasn't been going to PU holders, why so much activity - where is it flowing? -So Cryptomex, the very instrument built for our PU assignment and the reward payout system, may now be axed? What is the alternative at this point? -What has held up the implementation of a reward payout system? How long does the process take to go from a suggestion to realization? I hope not another 4 months... ...
1. Rewards payments (previously known as dividends) based on PU assignments on CryptoMex should begin late this week, if not early next week. Please understand that you don't have to submit KYC information to be eligible for reward payouts.
Sorry, Will, but why does it seem there are so many different branches to this project; Cryptomex, no Cryptomex; Developing a pool; Trying to reclaim money from HF; Waiting for the accountant; Hiring a Fund Manager; We're moving facilities; Company Reorganization; Changing wallet solution, one can't help but get the feeling these distractions are intentional? While much of these things are great and wonderful, the very first priority for the people that gave you money remains, "When will I see some return on my investment?" -and this seems to be the only thing that's either being ignored entirely, or getting extremely little attention. They are paying themselves with your BTC as if they are working on all this bogus projects and in process milking whatever is left, so at the end it will look like as if the company ran out of funds wile performing its day to day operations. As far as investors go, here is a illustrations of where you currently stand.  |
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261? The coin will be lucky to survive another day. See you at 261.  |
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The Dev must of dumped hard. Glad I stayed out of this one.
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No worries man, you've done a fine job with this GB.
Thanks for the divs and update.
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I see DASH is getting some attention. The hash-rate tripled within 24 hours.
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I, for one, have been submitting requests to exchanges to get it listed. So we can finaly have some decent controversy and drama. Mining alone gets pretty boring. It seems this is the only Cryptonote coin without controversy and drama..can it be true, a troll free Cryptonote coin? I will mine  That's because it's not on an exchange. |
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Ssshhhh, we don't even like to mention Dash anywhere. Just mine it quietly for now. It seems this is the only Cryptonote coin without controversy and drama..can it be true, a troll free Cryptonote coin? I will mine |
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Might be time for "Community" take over.
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Quick update on the dividend payout. We were not able to get the USD converted into BTC as scheduled on Monday. I am re-scheduling to get this taken care of as we were not able to meet as planned. This should be taken care of within the next few days. Thank you for your patience.
Take your time, BTC might be at $550 in couple of days  |
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When will July end for you guys? Just release the payouts already.
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You left out the other idiots name, NotLambchop. btw, all 3 sock accounts are the same person. Gleb Gamow and RiverBoatBTC,
I have to assume that you both have an ulterior motive here. I mean you've been posting constantly about HASH for well over a week now and I've made one post...and I'm an investor! Seriously, you either have absolutely no life or have a financial interest in seeing HASH disappear. Either way, you both are pathetic.
Haze
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Glad to hear things are moving along nicely.
I like the fact that you keep posting/updates to minimum, trolls have grown in numbers and skills lately, we don't need to feed them.
Thanks for the update and your commitment.
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Thanks for the update. Hi All. Just a quick post to say that we've decided to turn the hardware off for a few days (around a week at the most). For personal reasons we're not able to give it the attention that it usually gets and since it's been rather hot here lately we don't want to risk any heat-related hardware failures (or burnt down buildings ) while we're not watching. We will pay the theoretical amount of BTC that would have been mined during this time (minus theoretical power costs) to the group to cover the down time. Hope this makes sense. |
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I have to go in for treatment today, I might be sick for the next couple of days. I will keep you updated as much as possible I am sorry In advance.
I hope you are not going to sell BitcoinBudz gear to pay for medical expenses... j/k |
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Agree Uneven distribution and mining rate. A simple dump by a bounty collector could kill the coin. I am going back to mining Razor. mined since launch got 2 coins, bounty for pool 3k :s iam out
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1000 CNC to the first 20 people who join IRC #cryptonotecoin on freenode. For educational use Join IRC for more details.
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Branny, Andy. Please don't feed the troll and he will go away.
If anyone has a problem with this security, open a new thread and cry your heart out there.
So far, Branny has kept this thread full of useful information and troll free so new investors don't have to dig through pile of crap to catch up on all available info.
And I would very much like it, if it stayed that way.
The is not a playground for children, but investment opportunity. No one is putting a gun to anyone's head, do your research first, if you like what you see, then invest, if you don't stay a way.
Matter of fact, please show me another security on the forum that has kept things as professional, as transparent, as updated than RENT.
Even the Irc channel is one of the most active ones.
Everyone has their own reason for investing in RS. I for one, converted fiat to BTC just to invest in RS to hedge against BTC. Second, Price of the share is irrelevant to me, because my investment has grown regardless. I now own portion of 8 properties instead of 2 with the same investment. Even if the price of RS goes to .00000001, the fact remains my ownership in these properties can only grow as new properties are acquired.
To dumbify this little further, I now own more of what I bought for the same amount. The share price has not effected my ownership in these properties. On the contrary, thanks to the outstanding efforts by the issuer, my fiat investment is doing 6 times better.
Now, if you are speculator (gambler) and you were hoping to sell your shares by now for profit in BTC, well too, bad, cause this is a fiat investment and no one has lost yet going long on this.
Just to note, they have also been putting a lot of effort and resource trying to make this security as legit as possible, more than any other security listed within this forum.
With that said, this will be the last comment for the trolls to feast on and next time maybe make constructive/productive comments or suggestions.
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