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

[DiamondCardz]

Stop messing your investors about and pay them their dividends. I've been watching this thread for quite a while and I'm so glad that I ended up not holding onto my ~1 BTC of IPO shares and sold them for a tiny loss.

[Kushedout]

Stop messing your investors about and pay them their dividends.

I really don't understand why this has not been done yet.

1. You have the confirmed list of addresses.
2. You have the BTC
3. You have the technical know how and ability.

Just push it through. 

If the next update post by you guys is not "Divs have been paid out", I am calling this whole thing an elaborate scam.

Please prove me wrong.

[molecular]

Stop messing your investors about and pay them their dividends.

I really don't understand why this has not been done yet.

1. You have the confirmed list of addresses.
2. You have the BTC
3. You have the technical know how and ability.

Just push it through. 

I can only +1 this. I'm not filling out that insance cryptomex kyc form.

I was planning to trade the shares, but I can live without.

I don't understand why you don't pay dividends. The argument that some people might not be in control of the private keys can be solved by requiring them to sign some "yes, please pay dividends to the address used to sign this" message on the icedrill.io site, which you created - if I recall correctly - to be able to pay dividends.

[SimonBelmond]

Stop messing your investors about and pay them their dividends.

I really don't understand why this has not been done yet.

1. You have the confirmed list of addresses.
2. You have the BTC
3. You have the technical know how and ability.

Just push it through. 

I can only +1 this. I'm not filling out that insance cryptomex kyc form.

I was planning to trade the shares, but I can live without.

I don't understand why you don't pay dividends. The argument that some people might not be in control of the private keys can be solved by requiring them to sign some "yes, please pay dividends to the address used to sign this" message on the icedrill.io site, which you created - if I recall correctly - to be able to pay dividends.

We all already had to sign a message for siging up with this google site. And there it was mentioned already several times that you must be and stay in control of this address. And again, a message had to be signed. So there is no reason to not pay to those who signed up there.

@will: How will the differenciation between private and public investors be guaranteed on cryptomex.io? They are our insurance after all.

[therustytrombone]

Change the title to Assdrill because we are all getting fucked in the ass with no lube here.

[Hoofprint]

I prefer Licedrill as flashman said fkn parasites

Well unless we see some action, Licedrill would be good enough, denoting the kind of useless bloodsucking parasites the bitcoin community needs less of.

Start leaving negative trust for will and terra.
Soon as we drag their name's into the mud less chance they can scam more people in future.

I wonder if we could do a chapter 7 like they did for Scamfast.
See if we can get terra and will replaced since they obviously have no idea on what they are doing

[pedrog]

A new block at our solo mining address https://blockchain.info/pt/address/12ej4RUwoszmQoKYyFg6Ej27L82xhFS5Ao

Are we seriously solo mining?!

[zebroid]

Hi Will

IF account activated and shares showing in cryptomex.io - How long before our
submitted KYC docs approved?

We can't do much on the site with KYC not verified status....

Will we receive some type of notice once verified or some status flag
showing in profile?

[raskul]

Hi Will

IF account activated and shares showing in cryptomex.io - How long before our
submitted KYC docs approved?

We can't do much on the site with KYC not verified status....

Will we receive some type of notice once verified or some status flag
showing in profile?

why is this increasingly looking like MTGOX fiasco??

[dunchy]

Hi Will

IF account activated and shares showing in cryptomex.io - How long before our
submitted KYC docs approved?

We can't do much on the site with KYC not verified status....

Will we receive some type of notice once verified or some status flag
showing in profile?

why is this increasingly looking like MTGOX fiasco??

It's not mtgox, it's cognitive con copycat.

[🏰 TradeFortress 🏰]

What a surprise, another mining security ending in a disaster. There has been what, 1-2 profitable mining security out of 20? People are so gullible.

[will]

Hi All

Update from my side:

I spent the better part of last week @ the bitcoin2014 conference in Amsterdam where I met with Simon Barber, as well as other affected parties personally. The result of those conversations will become clear in the coming days. Apologies if the message is cryptic, the future outcome of our efforts there is as of yet uncertain, but we seem to be making progress.

Other points to address:

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.

2. Pool development work on ckpool neared a point of being able to invite a select few (larger) members to join it. We pushed 33Th of ID hashpower to it this morning @ 3am to try to work out any kinks with a possible block solution. A block was solved 15h later, thanks pedrog for highlighting it. This is slightly more than an order of magnitude luckier than expected for that amount of hash-rate. See Coinbase sig: ckpoolIce111 @
https://blockchain.info/tx/721478dc268dbcbd6f9dc772d0fd7cefe7137dda3b872326943b42be7d43b574. Probably better to target a separate wallet for that testing as the previous one was labelled for solo mining. Apologies for the confusion.

[pedrog]

Thanks for the update and clarification, looking forward for new developments.

[ADgordo]

so am i correct in assuming i cannot see my shares on cryptomex because i have not signed that insanely large form that i have to give to some chineese company so that they can give to their goverment?

No, you're incorrect. Unverified accounts (form not submitted) can see their PU amounts.

I've made an account.  Token missing. 

[babybonobo]

Any idea when the next batch of accounts will be opened and added?  I sent in my form a few days to a week ago.  Thank you!

[cedivad]

The result of those conversations will become clear in the coming days. Apologies if the message is cryptic, the future outcome of our efforts there is as of yet uncertain, but we seem to be making progress.

Are you going to buy from HF's garage sale? Or invest into them to save your debtor? I don't see many other possibilities.

[cedivad]

http://texasbiodefense.com/vanrooyen.pdf

Barber proposed to move assets out of the US (while under a bankruptcy petition) and Will screwed him.

[IPO Magic]

The result of those conversations will become clear in the coming days. Apologies if the message is cryptic, the future outcome of our efforts there is as of yet uncertain, but we seem to be making progress.

Are you going to buy from HF's garage sale? Or invest into them to save your debtor? I don't see many other possibilities.

I guess http://texasbiodefense.com/vanrooyen.pdf is a "nope."

[will]

The result of those conversations will become clear in the coming days. Apologies if the message is cryptic, the future outcome of our efforts there is as of yet uncertain, but we seem to be making progress.

Are you going to buy from HF's garage sale? Or invest into them to save your debtor? I don't see many other possibilities.

I guess http://texasbiodefense.com/vanrooyen.pdf is a "nope."

Added investment under a Hashfast+DigiMex joint-venture was proposed by HF, considered and denied. The second option (of a liquidation-sale supporting such a JV) was offered, and denied, even though the fully-deployed $/Gh price came down to as low as $0.78/Gh.

I took it upon myself to create a third possibility: that of banding together the creditors to form an entity under which these remaining assets may possibly be leveraged to make everyone whole. Appointing a trustee to oversee the unwinding of the Hashfast entity (the hearing tomorrow) should give vision into what assets are available to such an entity, if it should ever come into existence. This is a work in progress, but thus far everyone I have spoken to seem to think this is the most prudent way forward.

[pedrog]

Added investment under a Hashfast+DigiMex joint-venture was proposed by HF, considered and denied. The second option (of a liquidation-sale supporting such a JV) was offered, and denied, even though the fully-deployed $/Gh price came down to as low as $0.78/Gh.

I took it upon myself to create a third possibility: that of banding together the creditors to form an entity under which these remaining assets may possibly be leveraged to make everyone whole. Appointing a trustee to oversee the unwinding of the Hashfast entity (the hearing tomorrow) should give vision into what assets are available to such an entity, if it should ever come into existence. This is a work in progress, but thus far everyone I have spoken to seem to think this is the most prudent way forward.

Let us know how it went.