[BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast)

[Bargraphics]

I know they are delayed until mid-Dec.  Why are you stating an obvious widely-known fact as if I wasn't aware of it, dressing it up as some kind of 'Gotcha?'

You parade around like a lunatic saying they have silicon implying they are going to start hashing soon. Either you are admittedly trolling or are just in that denial stage of grief.

It does matter what they have in hand right now.  Your idiotic 'always-and-never' put-down is trivial to debunk.  EG, would you rather HashFast NOT have chips in-hand (perhaps delayed until Jan like Cointerra)?

HashFast will be delayed until January more than likely, my wishes have nothing to do with their shortcomings.

If they're delayed past Dec 31 I get a refund in BTC.  That's fine with me.  Good on IceDrill for wisely forgoing MPP in favor of a bet on BTC appreciation vs fiat.

Sorry again, a nice dose of reality again. IceDrill has already paid quite a bit of money on their datacenter I'm sure. HashFast might not even give them back the exact BTC they paid but instead subsidized at USD level meaning you would get back 1 BTC for every 4 or 5 spent. Be sure that if this were to happen it would be LESS "USD" than you put in at the time due to datacenter costs.

My mid-Dec Sierra is far from a paperweight.  Your shrill minimization of a 1.2+ TH beast's potential ROI in USD underscores the deficiency of your argument.

Yes, enjoy your ~25BTC over it's lifetime.
The ~180 BTC you paid for it means nothing LOL.

I'm happy your KnCs are doing so well, as are the KnCs in the group buys in which I participated.  Have fun fiddling with firmware, while I sit back and collect dividends with zero effort.   

Like usual you are wrong,
All 11 KnCs are Hosted without worry. Paid for themselves and hosting about a week ago. Got 6 more months of "zero effort" mining.

Don't both responding to this as I've put you back on ignore, all you do is come in and bring threads off topic with personal vendettas. I'm more interested in what Will and Deadterra are doing to remedy this situation, they don't want to get a refund because they have the datacenter ready. They want extra hashpower to make up for HashFast being so damn late but sadly I don't believe HashFast will have the Silicon available to give them this. It's not a good situation to be in for either Company.

[1714116142]

1714116142

[drawingthesun]

PS  How was your steak dinner date with LabKen?  Did he take you deep into the Buttcave afterwards?  Oh wait, I know...that's under NDA!   

ALWAYS BET ON iCE

[VolanicEruptor]

PS  How was your steak dinner date with LabKen?  Did he take you deep into the Buttcave afterwards?  Oh wait, I know...that's under NDA!   

ALWAYS BET ON iCE

I regret my bet on Icedrill actually.  It has lost more % than ActM.  The only bet right now that seems to stand a chance in my shitty portfolio is a 2TH/S Cointerra machine..

[drawingthesun]

PS  How was your steak dinner date with LabKen?  Did he take you deep into the Buttcave afterwards?  Oh wait, I know...that's under NDA!   

ALWAYS BET ON iCE

I regret my bet on Icedrill actually.  It has lost more % than ActM.  The only bet right now that seems to stand a chance in my shitty portfolio is a 2TH/S Cointerra machine..

Dude I thought you offloaded over 100,000 shares at the peak of ActM (0.006+) So how exactly have you lost?

[Isokivi]

I live outside US and am verified on WeExchange, is there something else I need to do in order to recieve dividents and sell/purchase shares ?

[iCEBREAKER]

If they're delayed past Dec 31 I get a refund in BTC.  That's fine with me.  Good on IceDrill for wisely forgoing MPP in favor of a bet on BTC appreciation vs fiat.

Sorry again, a nice dose of reality again. IceDrill has already paid quite a bit of money on their datacenter I'm sure. HashFast might not even give them back the exact BTC they paid but instead subsidized at USD level meaning you would get back 1 BTC for every 4 or 5 spent. Be sure that if this were to happen it would be LESS "USD" than you put in at the time due to datacenter costs.

Bargraphics, you are no expert on reality.  Must I remind you of your torrid affair with the fantasy that was Terrahash?   

You sound like a lunatic denying and discounting the importance of in-hand silicon.  I never claimed the chips were hashing, that was your strawman.

Too bad Terrahash never had in-hand silicon!   

WRT Icedrill, you fail (as usual) to understand exactly what you're investing in, resulting in you throwing yet another public tantrum.  How embarrassing!

7.  What guarantees have been provided by the hardware supplier in terms of delivery date?  We may not know exactly WHAT the date is, but there's a date after which a refund would be preferable to delivery (as the hardware would never pay for itself from mining).  At what date is a full refund of all funds paid to them allowed to be requested?  Have they provided sufficient financial disclosure that issuer is confident such a refund could and would be honoured in the event they were unable to deliver the hardware by such a deadline?  Estimates of delivery are fine for planning purposes - but a hard deadline beyond which they are in default and must refund (and/or pay penalties) is essential when signing a contract.

From the sales contract:
Estimated delivery date: October 25, 2013.  Hashfast will have no liability for early or late delivery; provided, however,  if
Hashfast does not deliver by December 31, 2013, Buyer may cancel its order for a full refund of amounts paid to Hashfast.
Rather than cancel its order, Buyer may agree with Hashfast to an accommodation.

We have confirmation from Hashfast that they will refund the amount in BTC (i.e. not USD).

[fk1]

Since I missed bitfunders closing: any last options for my shares to change in btc?

[hd060053]

I'm looking to sell my remaining 19408 shares before the move into direct shares. Drop me a line with your offer.

i buy them for 0.00011

[soniq]

I'm looking to sell my remaining 19408 shares before the move into direct shares. Drop me a line with your offer.

Hi

I will offer 0.00012

[VolanicEruptor]

.00013

[jimmothy]

If they're delayed past Dec 31 I get a refund in BTC.  That's fine with me.  Good on IceDrill for wisely forgoing MPP in favor of a bet on BTC appreciation vs fiat.

Sorry again, a nice dose of reality again. IceDrill has already paid quite a bit of money on their datacenter I'm sure. HashFast might not even give them back the exact BTC they paid but instead subsidized at USD level meaning you would get back 1 BTC for every 4 or 5 spent. Be sure that if this were to happen it would be LESS "USD" than you put in at the time due to datacenter costs.

Bargraphics, you are no expert on reality.  Must I remind you of your torrid affair with the fantasy that was Terrahash?   

You sound like a lunatic denying and discounting the importance of in-hand silicon.  I never claimed the chips were hashing, that was your strawman.

Too bad Terrahash never had in-hand silicon!   

WRT Icedrill, you fail (as usual) to understand exactly what you're investing in, resulting in you throwing yet another public tantrum.  How embarrassing!

7.  What guarantees have been provided by the hardware supplier in terms of delivery date?  We may not know exactly WHAT the date is, but there's a date after which a refund would be preferable to delivery (as the hardware would never pay for itself from mining).  At what date is a full refund of all funds paid to them allowed to be requested?  Have they provided sufficient financial disclosure that issuer is confident such a refund could and would be honoured in the event they were unable to deliver the hardware by such a deadline?  Estimates of delivery are fine for planning purposes - but a hard deadline beyond which they are in default and must refund (and/or pay penalties) is essential when signing a contract.

From the sales contract:
Estimated delivery date: October 25, 2013.  Hashfast will have no liability for early or late delivery; provided, however,  if
Hashfast does not deliver by December 31, 2013, Buyer may cancel its order for a full refund of amounts paid to Hashfast.
Rather than cancel its order, Buyer may agree with Hashfast to an accommodation.

We have confirmation from Hashfast that they will refund the amount in BTC (i.e. not USD).

Seriously just stop.. you are clearly putting a lot of effort in to trolling or whatever you call it but please for the sake of everyone here uninstall windows and never return to the internet.

Nobody thinks hashfast will deliver.. We should really stop with this whole preordering thing because clearly it fails. Companies have no incentive to get their products out ASAP as they already have their sales before a product even exists.

[Miner99er]

Ok, as someone who bought into this damn fiasco, promptly forgot about it, found about about Bitfunder shutdown TODAY... what recourse do I have now?

Are my shares just up in smoke? Honestly a signed message doesn't mean shit to me cause; 1) I've never need to do it, 2) never felt the need to do it, 3) not quite sure what the hell signing a message is anyway.

Forgive my lack of knowledge in that area, I'm trying to bring that up to speed as we speak.

Now, am I up shit creek now or what? Guess I only have myself to blame but I'm just hoping to get out of this what I put in since life got in the way... :-/

[HeRetiK]

Ok, as someone who bought into this damn fiasco, promptly forgot about it, found about about Bitfunder shutdown TODAY... what recourse do I have now?

Are my shares just up in smoke? Honestly a signed message doesn't mean shit to me cause; 1) I've never need to do it, 2) never felt the need to do it, 3) not quite sure what the hell signing a message is anyway.

Forgive my lack of knowledge in that area, I'm trying to bring that up to speed as we speak.

Now, am I up shit creek now or what? Guess I only have myself to blame but I'm just hoping to get out of this what I put in since life got in the way... :-/

Make sure to set up a public BTC address in your Bitfunder account, using a wallet address YOU control (ie. BitcoinQT, Armory, I think some online Wallets too but not sure which ones) as opposed to a wallet address which you don't have direct control over (ie. BTC address at other exchanges, most online wallets). If you don't you're going to have problems proving ownership.

On signing a message, here's a post by Burnin explaining it using BitcoinQT
https://bitcointalk.org/index.php?topic=179769.msg1922342#msg1922342

For the moment being the only way you'll be able to trade shares for BTC is by finding someone trustworthy to directly trade with.

[pmorici]

Make sure to set up a public BTC address in your Bitfunder account, using a wallet address YOU control (ie. BitcoinQT, Armory, I think some online Wallets too but not sure which ones) as opposed to a wallet address which you don't have direct control over (ie. BTC address at other exchanges, most online wallets). If you don't you're going to have problems proving ownership.

CoinBase has a sign message feature now.  I'm not sure if it has always been there or if I just noticed it. go under "Account Settings" -> "BitCoin Addresses" Then create a new address and click the "Details" button for that address.  There will be a "Sign Message" link a box will pop up.  Type in your message and click Sign.  A long string of characters will be returned this is the "signature" you need.

[whitemage]

What happen to Icedrill, it have been dropping since day 1.

[pedrog]

What happen to Icedrill, it have been dropping since day 1.

Everything has been dropping in the last months.

[will]

Hi All

We've created a captioned public album of the recent site visit to the data center. Here it is:
https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265?sort=1

Even though security is very tight, we'll try to keep the exact location as confidential and "need to know" as possible for the time being.

We're glad to be working with a data center which is not only willing (and able) to cater to our "special needs", but also excited by the future prospects of the Bitcoin mining space. Throughout the process they've been extremely helpful and understanding of the changing technical specifications.

EDIT: Comments on the album are left deliberately open to the public.

[pmorici]

We've created a captioned public album of the recent site visit to the data center. Here it is:
https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265?sort=1

"Our racks and PDUs. Awaiting final dimensions from HF before setting up."

You're telling us HashFast can't tell you the dimensions of their flagship product yet that was originally supposed to have shipped 2 weeks ago?  This does not inspire confidence for even the delayed Dec. shipping date.

[cedivad]

We've created a captioned public album of the recent site visit to the data center. Here it is:
https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265?sort=1

"Our racks and PDUs. Awaiting final dimensions from HF before setting up."

You're telling us HashFast can't tell you the dimensions of their flagship product yet that was originally supposed to have shipped 2 weeks ago?  This does not inspire confidence for even the delayed Dec. shipping date.

They will match that one.
The plan always was to ship late december.

[Bargraphics]

Hi All

We've created a captioned public album of the recent site visit to the data center. Here it is:
https://plus.google.com/photos/100533316768811011163/albums/5946837483879253265?sort=1

Even though security is very tight, we'll try to keep the exact location as confidential and "need to know" as possible for the time being.

We're glad to be working with a data center which is not only willing (and able) to cater to our "special needs", but also excited by the future prospects of the Bitcoin mining space. Throughout the process they've been extremely helpful and understanding of the changing technical specifications.

EDIT: Comments on the album are left deliberately open to the public.

Very good pictures, a nice relief from the usual pixelated low res images most give out.

It almost makes HashFast being so late seem even more of a tragedy considering how prepared IceDrill is.