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101  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: January 02, 2014, 05:03:46 PM
Maybe some miscommunication,

Yes Ciara is in Canada. This unit was shipped from Canada to IceDrill's facility (where ever that is that is not in Canada)

Oh, I was under the impression IceDrill's facility was in Canada...
... It is in Canada.  This must only be a demo unit shipped for further analysis.


We already have a good portion of shareholders (by number of shares) ready for meeting.

If you know anyone who has has sufficient number of share to participate please have them know about the meeting : https://bitcointalk.org/index.php?topic=269216.msg4265794#msg4265794

I've asked for an investor meeting to Willem and Ludvig 3 days ago without any response, Thus ....


I herein would like to invite you, IceDrill / HashFast investors, to a private meeting to discuss the future of IceDrill and our relationship with Hashfast.
...

Is it possible to add a way for other investors to follow the conversation? (Without being able to participate, obviously.)
No, unfortunately one of the reason for the meeting to be private is to allow for open discussion without disclosing any strategic informations.
102  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: January 02, 2014, 07:22:17 AM
I've asked for an investor meeting to Willem and Ludvig 3 days ago without any response, Thus ....

You're asking at a very volatile moment. With their failure to deliver, HashFast is in a weak legal position and will and ludvig are likely exploring options to negotiate a satisfactory deal for IceDrill. That may take a week or two until some answers are ready. Before that time I don't see how a "private" investor meeting can be of any use other than to stir the FUD. The fate of the IceDrill investment at this point more or less depends on the negotiation skills of the IceDrill management, as the exposure to HashFast is considerable.

That said, it would be nice if the IceDrill management would supply any updates they can spare.
I've been talking with them over Skype since the beginning.  Willem and Ludvid will be there and answer if they want.

Having a communications channel with people with a stake in achieving a similar goal can only be good and should in no way hinder negotiation with HF.
103  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: January 02, 2014, 06:36:21 AM
I've asked for an investor meeting to Willem and Ludvig 3 days ago without any response, Thus ....


I herein would like to invite you, IceDrill / HashFast investors, to a private meeting to discuss the future of IceDrill and our relationship with Hashfast.

As you may know, the situation has changed dramatically since the IPO.

  • Bitfunder has closed

           Will an alternative trading method be chosen ? What / When ?


  • Hashfast is almost 3 month late.

          What kind of ROI to expect ? Any protection for early investors ?
 

  • Hashfast has passed their maximum delivery date for Batch 1.

          What are hashfast compensation plans ?


  • Private investors have lost all chances of returning a profit a while ago (0.0016 to public investors before privates take any profit)

         How can we now make sure the people in charge have our interests at heart ?


  • Delivery is imminent and many important aspect have not been addressed


The meeting will be done in a Skype chatroom as text, voice or video conference.

To keep a good signal to noise ratio and be as effective as possible I thought it would be preferable to have only the largest 15 investors in our first meeting. The cut-off number of shares to participate is thus 75 000 shares.

To agree with the terms and be granted access sign the following message with your corresponding BitFunder address and send me a PM with the generated signature AND the address.

Code:
icedrill investor meeting 75000+

Terms :

    * You are free use your real name or to use any pseudonymous mean of communication.
   I personally will not share your identity used during the initial contact. (TorChat can even used to send ownership verification : rmca4l5fhz35eov3 )

    * All of what is to be discussed is to be kept private unless a consensus from 80% of members is reached. (NDA)

    * The meeting will start as text only and everyone joining the chatroom will be given the records from the beginning.

Last version of BitFunder asset list.
Code:
20445670		19mvuvS2VgCWDtfGpsLnJAPhBp2ZcWM3xQ
2500000 1EbNE1UUHxSuJVvanhsV6q1suAqtAFhizN
2181855 168RdndVwHT4oHRxiPHatRaJ5F694iKJAX
800008 19LzyeUnAWTqvUHeH9jJzwrbEcjZU27VR6
640830 16Jvm2o4rkooT72FsCvKkhthjqJJ4WmkVY
569000 15fnj3ZwsRia3zUhshVNHHN4uvatoobptf
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161306 13VzomDYFw2kpFvtEU4DFRKxc4385xpHdE
135374 1546yzKWH8igztdfFQys2uomtCFgy2n65W
130000 1HBMibomkT1N3jYijszGQLzG8ZUnXG2SfG
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120000 1EkE48BacgDw77cHJGznqmo8DLCggmgXJS
102000 13NbNBhTtUeuCTFXE6XfqkZ57kbrsMEMmp
80800 1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL
75000 1Mi3A5ADgoX8zRxRihY9m8xDpAU8WBxqcG
------------------------------------------------------------------




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If you have any information that you would like to share privately with the current selection of investors but do not have a sufficient amount of shares you are welcome to do so by including with your message the signature of the following with your BitFunder address.

Code:
icedrill investor meeting 75000-
104  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: January 01, 2014, 11:36:03 PM
try the Last Report link
It's very hard to figure-out what is clickable or not, I did found "REPORT" https://picostocks.com/docs/index/19

And NO, it doesn't tell me at what speed we've been hashing this past month.
105  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: January 01, 2014, 11:10:46 PM
I'm happy not to have much invested because I still, after one year, don't understand how this exchange work neither do I know how to check status of the mine.

Is there a freaking page that link to all the relevant information ?

What about updating the first post instead of having people search this thread for something that may not exist ?
106  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MOON] Mooncoin: You know where it's headed! LAUNCHING 12/30 @ 1PM EST on: December 31, 2013, 09:33:11 AM
I wish I had the guts to add everyone in this thread to my ignore list.

... Still pondering wether those who bothered to post that this is a crapcoin are worth filtering out.

Good luck guys.
107  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: December 31, 2013, 04:46:55 AM
You guys might want to upvote this : http://www.reddit.com/r/Bitcoin/comments/1u2a3m/running_timeline_of_hashfasts_actions_lies_and/

and this : http://www.reddit.com/r/technology/comments/1u2adc/hashfast_bitcoin_mining_company_leaking_private/
108  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: December 30, 2013, 04:55:28 AM
thx

someone dumped hard at 0.02...
I'm amazed at how much this shitty interface can collapse the price.

Yep , people prefer to pay twice as much on cex.io than to deal with that crap.
109  Bitcoin / Hardware / Re: Hashfast Scam Timeline (Do not give hashfast your money) on: December 30, 2013, 03:40:43 AM
Quote
they also sent out an email today to non customers saying that they are about to ship so purchase now before the prices get raised  
Could you share that here.?

Edit : here ;
Quote
  Don't Miss Out!
As shipping is about to begin, prices in the HashFast Store will soon increase dramatically.

Take advantage of the prices of Baby Jets and Sierras available now. They won't last long!

Payments must be received by 5PM PST Jan 3rd.
110  Bitcoin / Hardware / Re: Hashfast Scam Timeline (Do not give hashfast your money) on: December 30, 2013, 03:32:01 AM
Did they really not BCC everyone? wtf.

No, all hashfast customer emails were leaked. If the users had gmail addresses you could scroll over their address in gmail to get their name, work, schooling, etc.

This was in violation of their privacy policy and they did not notify customers via email of the leak (Which i'm pretty sure is in violation of law in US and elsewhere).

I don't know what they're playing, it seems they're doing everything to stir shit.  I'm getting scarred not to get my stuff delivered before some mad man blow a fuse on them.
111  Bitcoin / Hardware / Re: Hashfast Scam Timeline (Do not give hashfast your money) on: December 30, 2013, 03:21:04 AM
Dec 27 : Send the following email accompanied with the list of all their customers email address as CC.

Quote
3PM PST (GMT-8), DECEMBER 27TH, 2013
Dear Customers,

Our apologies for not communicating more often these past days. We have been going all-out on production in order to ship Batch 1 units by December 31.  

We have enough GN chips in hand for all Batch 1 orders.  We also have enough hardware (boxes, cooling systems, power supplies, etc.) on hand for all batch 1 orders.

We are in the final stages of production.  Our initial modules (Rev 0) had reliability issues due to the PCB layout (Printed Circuit Boards).  We received Rev 2 PCBs this morning and they are currently being assembled.  
We expect these rev2 PCBs to work well, and to begin bulk production and be on track to ship batch 1 orders December 31.


The remaining steps (assembling the modules into the Sierra or Baby Jet chassis, packaging and shipping) are quick and generally very predictable process.

Please know we are doing everything possible to get you your orders as soon as we can.

We will  update you with our progress as it happens. Stay tuned to Twitter and our HashFast Blog for the most up to date news.

Many Thanks & Happy Holidays,
The HashFast Team


Dec 29 : Send the following email without even warning us about / apologizing for the previous private information leakage.

Quote
Hi Everyone,

We will be kicking off Batch 1 shipments in the next few days. Stay tuned for more updates from HashFast engineering on twitter.

Batch 1 customers who would like to initiate a voluntary refund request, can do so by sending the following information to: refunds@hashfast.com. Please note this is a request only and not a guarantee of refund eligibility. As orders were priced in USD, refunds will be issued in the equivalent amount of USD. If a refund is to be paid in BTC, the USD to BTC market exchange rate on the date of refund will be used to calculate the amount of BTC to be refunded.

    Batch 1 Order number

    Product & Quantities for your order. If you have multiple orders please group by order number.

    Full Name

    Shipping Address

    Method of Payment (wire transfer, direct BTC transfer, bitpay)

    Confirmation that you understand USD order totals that were originally paid with BTC can be refunded  in BTC at the USD to BTC market exchange rate on the date of refund.


Next, our customer service team will deliver you the necessary documents to complete the refund request, which you will need to sign and return to us.

Please direct questions regarding this process and items 1-6 to sales@hashfast.com Subject line: REFUND QUESTION.  

ONLY EMAIL refunds@hashfast.com if you are sure you want to request a refund and can provide the information specified in #1-5 above plus your confirmation to #6 also above.

We hope everyone is enjoying the holidays.  Again please visit us on twitter for the latest HashFast engineering updates.

Happy Holidays!

The HashFast Team
112  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: December 27, 2013, 05:59:32 AM
Unless IceDrill has been negotiating with HashFast for something like 4x Miner protection expect to loose between 60 and 85% ...
113  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: December 20, 2013, 05:02:35 PM
What's happening with the BTC stuck in BitFunder ?
114  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: December 08, 2013, 09:16:47 PM
How about reaching 518 271 GHS and making an announcement that the shares are now 1 Ghs ?

Price discovery would appreciate the added fungibility.
115  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: November 30, 2013, 01:46:15 PM
I got ~90 BTC in there, anyone interested in joining recovery effort PM me.
116  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: November 27, 2013, 07:07:04 AM
Reserved
117  Bitcoin / Bitcoin Discussion / Re: after all BTC has been mined, what then? on: November 22, 2013, 08:29:53 AM
Does that mean the network will get smaller?  Probably not if Bitcoin is more popular.   The exchange rate would only need to rise 25.5/14.5 = 75% to $1,230 USD per BTC for miners (collectively) to make the exact same ~$1B in annual revenue they do now.   That is just with a 75% rise in 3 years.   If it is more than 75% then the network will probably be bigger than it is now despite the block reward being lower (much like the network is 700 million times larger now then when the block reward was 50 BTC).

This is a problem in my mind. It means mining stays the same, but the network and its activity grows, which means less security relative to the size of the network. But if the network grows, won't we need all that extra security?

The reality is the network today is likely more secure than it needs to be. It pays miners roughly $1B in revenue for a network which has far less than that in current day real economic activity.  This isn't really a problem because the secondary goal for mining is to provide the initial distribution.  I am not saying Bitcoin is hurt by "too much security" but it also wouldn't hurt if that ratio declined some.  

Bitcoin today is kinda like using a $50,000 safe to protect a single 1 oz gold coin.   Now imagine you didn't upgrade the security and added an additional gold coin each year for the next couple years.  Not really problem although the ratio of security to gold has declined.  

Still the 75% was just to highlight how small of a rise in the exchange rate would be needed to keep the hashrate roughly the same in the face of block value declining.   75% over 3 years is 20% annualized.  I am fairly certain if Bitcoin continues to be adopted it is going to grow faster than a 20% annualized rate.  If it doesn't then well having the network hashrate fall by half is probably the least of our worries.  Satoshi was a clever guy, the incentive to "do the right thing" grows with the value of the network.

I don't see the bitcoin network as being secure enough, currently an attack wouldn't target single transactions (double spend). Why are you comparing daily transactions to what miners get paid yearly ?

IMO, An attack right now would target the whole trust in the network and thus usability.

When judging of the security I would compare the cost of an attack to the perceived probable lost incurred by Bitcoin to the traditional banking system.  Something that is hard to number but that is more closely related to market cap.
118  Bitcoin / Bitcoin Discussion / Re: Who here actually bought something with btc in last 6 months? on: November 18, 2013, 10:24:56 AM
Brought some cash.  Sad, I know.
119  Other / Politics & Society / Re: Does Anyone Else Believe In Jesus Christ ? on: November 07, 2013, 05:04:17 AM
Wow, this thread seems like a gem for my filter,

Could anyone give me a list of the people worth not ignoring in this thread ?

I'd share my ignore list with you and maybe give a 50mBTC depending on the perceived effort.
(PM please, thx)
120  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: November 06, 2013, 04:30:05 PM
If I may ask,  what are the relationship between tytus/Dave and Bitfury ?

Lost almost all of 150 btc onto that stock,  and feel I have been scammed.

Not respecting their initial ETA by months then refusing to update with new ETA.  Are you ffffing kidding me?

Do you know what E stand for in ETA?
Quote
an approximate calculation or judgement of the value, number, quantity, or extent of something.
"a rough estimate,

Only you know the approximate value of a share,.. ..  I might as well give you my shares for free as I'm soon gonna have to find alternate ways to make you pay anyway.
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