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

[flamingleg]

Everything that is in the wallets qualify for a reward payment. The mined coins are still there. I just need accounting to give me a solid go ahead on what would be the best way to move forward with reward payments (how much & how often). The basic idea is to enable trading at around the same time the new financial report is published (end of June). New KYC docs (less invasive) should be in play this week.

The two initial reward assignments were token amounts (~$20k in BTC each), mainly to test whether the end-to-end process works as designed (apart from the decimal issue which needs fixing, it does), as well as checking whether the retroactive assignments (unclaimed shares claimed after the fact) work. Though it's code-complete (deterministic) I've not yet run the retroactive assignment. Will communicate better on this process when I run it.

So far, other than the complaints about non-instant withdrawals, is there anything that needs addressing? I saw movement on that specific issue earlier today so it should improve henceforth. I have a weekly call with the cryptomex team on Tuesdays, I can bring it up then.

But still no answers about coins mined before cryptomex opening.
Also what about dividends for the ones, was not registered on cryptomex on time of last divs payout?
Are they shared between registered, or they are waiting for registration or?

There should be an option to disable / enable 2FA once you are logged in.

The 'funds withdrawal request form' (funds_form.php) needs some cleanup work. Mousing over the text fields reveals some erroneous field data, clicking the vestigial settings button in the top-right corner produces a pop-up when moving to another window. Withdrawing and depositing funds should be as sanitary as possible. Not revealing underlying variables and firing off random triggers or events from simple, ordinary use. Without access to the code I can't be sure that everything under the hood is secure, but it certainly doesn't feel that way.

[Hoofprint]

Vote for Will,

After all he offers 2 fails for the price of one 

https://bitcointalk.org/index.php?topic=651315.msg7299544#msg7299544

[will]

Thank you for the "carrot-on-stick" nomination, it highlights a great shortcoming of mine: not communicating as frequently as I'd like to on this public forum.

Please know that you (passive-aggressively?) declined more frequent communication here: https://bitcointalk.org/index.php?topic=269216.msg5782761#msg5782761

The offer remains open to you, and everyone here.

Vote for Will,

After all he offers 2 fails for the price of one  

https://bitcointalk.org/index.php?topic=651315.msg7299544#msg7299544

[raskul]

I don't think that was entirely a refusal of more frequent communication;

All the questions that have been currently asked could be answered in 5 mins.

Like the most commonly asked question is whats the eta on dividends being paid out.
Its such a simple question it only requires a 1 word answer.

19th march  

Thank you for the "carrot-on-stick" nomination, it highlights a great shortcoming of mine: not communicating as frequently as I'd like to on this public forum.

Please know that you (passive-aggressively?) declined more frequent communication here: https://bitcointalk.org/index.php?topic=269216.msg5782761#msg5782761

The offer remains open to you, and everyone here.

Vote for Will,

After all he offers 2 fails for the price of one  

https://bitcointalk.org/index.php?topic=651315.msg7299544#msg7299544

almost three month later 

[constary]

老帖子，顶一下

[BenTuras]

... is there anything that needs addressing?

Yes,
Check your PMs, I am trying to log into cryptomex.io for already a few weeks but can't with my yahoo email.
For whatever reason unknown to me, I can log in with my gmail account, but my shares are probably on the yahoo one.

[BitcoinBaBa]

Operational update:

Legal track on bankruptcy claim is coming along, though not as quickly as I'd like. Will try to accelerate, depending on requirements. There are six of us working through it, all people I respect and who don't care about disagreeing with me as is often the case, which I prefer.

Some networking going on in location 0 at the moment, one of the large stacks "l0.charlie" is out of external monitor range at the moment. It's mining @ Guild according @ internal monitor. Should be back up @ minestate soon. Live webcam not a bad idea actually, will ask tech to look into it and DC if they'll allow it. Should be ok, as long we don't show other ppl's stuff.

CMX withdrawals aren't being denied, might just be slow on the processing. Will check. Funds_sent = N means it's not processed yet. Have sent automation code over, the CMX team needs to harden it in its control-environment.

Keen to get a financial report out for end of June, so kicked off that process.

I made a request for withdrawal on 3rd June and still have not received it.How soon can I expect it to be processed.

[bobboooiie]

will, if the platform cannot process withdrawals in 1-2 days its fucking problem in bitcoin world where it should be pretty much instant. Not to mention its taking more than 1-2 days now ...

[Dexter770221]

I'm waiting over 48 hours and still nothing...

[TheSwammi]

will, if the platform cannot process withdrawals in 1-2 days its fucking problem in bitcoin world where it should be pretty much instant. Not to mention its taking more than 1-2 days now ...

I agree with this. I've been waiting a week for my payout. If you can't process Bitcoin withdraws instantly, or at the very least daily, there is a serious problem.

[dunchy]

Lists of shame:

https://bitcointalk.org/index.php?topic=651315.20

https://bitcointalk.org/index.php?topic=576337.0

Contribute with your votes dear investors...

[TheSwammi]

Finally received my withdraw this afternoon. Thank you! 

[dgray9000]

I have also received my funds.

Also thank you Will for clarifying what the "N" meant on the withdrawal page.

[BitcoinBaBa]

Operational update:

Legal track on bankruptcy claim is coming along, though not as quickly as I'd like. Will try to accelerate, depending on requirements. There are six of us working through it, all people I respect and who don't care about disagreeing with me as is often the case, which I prefer.

Some networking going on in location 0 at the moment, one of the large stacks "l0.charlie" is out of external monitor range at the moment. It's mining @ Guild according @ internal monitor. Should be back up @ minestate soon. Live webcam not a bad idea actually, will ask tech to look into it and DC if they'll allow it. Should be ok, as long we don't show other ppl's stuff.

CMX withdrawals aren't being denied, might just be slow on the processing. Will check. Funds_sent = N means it's not processed yet. Have sent automation code over, the CMX team needs to harden it in its control-environment.

Keen to get a financial report out for end of June, so kicked off that process.

I made a request for withdrawal on 3rd June and still have not received it.How soon can I expect it to be processed.

Finally withdrawal processed. Hope the withdrawals will be processed faster from now on. Also when can we expect to get some REAL dividends instead of this dust. Thanks.

[Hoofprint]

Thank you for the "carrot-on-stick" nomination, it highlights a great shortcoming of mine: not communicating as frequently as I'd like to on this public forum.

Please know that you (passive-aggressively?) declined more frequent communication here: https://bitcointalk.org/index.php?topic=269216.msg5782761#msg5782761

The offer remains open to you, and everyone here.

Vote for Will,

After all he offers 2 fails for the price of one  

https://bitcointalk.org/index.php?topic=651315.msg7299544#msg7299544

Im failing to see anywhere in that post that would give you the idea that i said its ok for less frequent communication.

In fact i distinctly remember further on in the thread you offering a job to Minor by transferring a share to him,

Obviously since he hasn't taken up the role of Licedrills forum rep,
i can assume he wasn't made an official offer by you or terra
or he decided it was going to be a waste of time calling up bi-weekly and getting no answers.

I would also point out calling you up twice a week for lets say 10mins a session,
You could spend those 20mins a week answering questions reassuring investors on this tread and cut out the middle man

[Minor Miner]

Im failing to see anywhere in that post that would give you the idea that i said its ok for less frequent communication.
In fact i distinctly remember further on in the thread you offering a job to Minor by transferring a share to him,
Obviously since he hasn't taken up the role of Licedrills forum rep,
i can assume he wasn't made an official offer by you or terra
or he decided it was going to be a waste of time calling up bi-weekly and getting no answers.
I would also point out calling you up twice a week for lets say 10mins a session,
You could spend those 20mins a week answering questions reassuring investors on this tread and cut out the middle man

I do think there should be more communication here especially on the exit plan (you guys cannot hash forever in that data center.
But to clear up the above, Will did contact me and offer me the share to pose questions each week and post the answers.   I did not follow up because at the time, we were about to file the Chapter 7 against HF and I felt that there might be some conflicts of interest so the lack of follow up was my doing.

[flamingleg]

Everything that is in the wallets qualify for a reward payment. The mined coins are still there. I just need accounting to give me a solid go ahead on what would be the best way to move forward with reward payments (how much & how often). The basic idea is to enable trading at around the same time the new financial report is published (end of June). New KYC docs (less invasive) should be in play this week.

If you outsourced your handling of fiat to Bitreserve (http://support.bitreserve.org/hc/en-us/articles/203399387-Does-Bitreserve-accept-fiat-deposits-) it would eliminate the need for KYC altogether, as they would be required to field all of your regulatory burden. Hopefully it exits beta before / if cryptomex goes live.

As for reward payments, the more divs which are distributed pre-launch the more value icedrill will gain as majority shareholders. It is therefore in your best interests to restore investor faith by honoring icedrill initial IPO terms and paying out public holders the equivalent of 0.0016BTC per share as a bare minimum, before actual trading could ever conceivably begin.

To be blunt, I still see little value in opening up a trading platform without trading mechanisms and div payouts already being established and maintained. At this point IPO terms haven't even been met, our hashfast equipment is worse than useless and there are precious few new manufacturer relationships being formed. The trading platform has no prospect for competition if there isn't at least one decent starter.

As long as these issues remain unsolved, these shares will be worthless even if cryptomex ever actually manages to trade live.

*edit
Also the decimal placing on my asset list is wrong. I mistakenly bought 1112 of these shares and not 111.2 as your interface describes.

I should also reveal for fairness here to any who are still misguided enough to expect full compensation according to existing IPO terms,
that I've already received two separate test payments totalling 0.005293btc from icedrill.
At a promised rate of 0.0016btc per share that still leaves 1.773907btc outstanding.

If this is an attempt to shear away my confidence with mathematical slightery then bravo.

[TheSwammi]

Soooooooo, how are things coming along with the next dividend payment?

[redphlegm]

I haven't kept track of this thread in quite some time. I verified for a share transfer from bitfunder to icedrill.io but is there something I missed that I should have done after that?

Thanks in advance. Couldn't really see it from the thread.

[pedrog]

I haven't kept track of this thread in quite some time. I verified for a share transfer from bitfunder to icedrill.io but is there something I missed that I should have done after that?

Thanks in advance. Couldn't really see it from the thread.

Have you registered at CryptoMex?