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

[BitCoinzzz]

Volcanic your a piece of shit, "Only trying to help"

How is blatantly lying about an official government website, that clearly shows the company registered helping? Only trying to help guys by posting FUD lol.

[VolanicEruptor]

Volcanic your a lot of help, thanks
How Icedrill is clearly taking our money is astonishing.  I'm out

I'm glad you have come to your senses..

[JohnyBigs]

Volcanic your a lot of help, thanks
How Icedrill is clearly taking our money is astonishing.  I'm out

I'm glad you have come to your senses..

And ignored

[Dropthebass]

Volcanic your a lot of help, thanks
How Icedrill is clearly taking our money is astonishing.  I'm out

I'm glad you have come to your senses..

Excellent ^^ At least you make me laugh.

[JohnyBigs]

I love men

Stay on topic

[molecular]

anyways.. all investors beware, do your own research, do the business name search and you will all see this is a fraud.  have a good day

What the hell is wrong with you? It's obvious to anyone doing the search himself that either a) you are deliberately lying or b) you are mind- bogglingly incompetent.

I'd like to know which it is. If b), let me help you. If a): go fuck yourself.

Side-note: I usually draw my hat for a good trill, but this shot is just sad.

[klee]

anyways.. all investors beware, do your own research, do the business name search and you will all see this is a fraud.  have a good day

What the hell is wrong with you? It's obvious to anyone doing the search himself that either a) you are deliberately lying or b) you are mind- bogglingly incompetent.

I'd like to know which it is. If b), let me help you. If a): go fuck yourself.

Side-note: I usually draw my hat for a good trill, but this shot is just sad.

His is so heavily invested in Labcoin he is afraid lol
I bought both muahahahahahahahahhahaha

[Pale Phoenix]

anyways.. all investors beware, do your own research, do the business name search and you will all see this is a fraud.  have a good day

As with most threads you waddle into, zero reasonable discussions are occurring here. Get that brain chemistry adjusted, for your own sake.

[will]

I leave you guys alone for a few hours and then come home to the place all smashed up with a very fat, very drunk troll passed out on the floor...

You guys really know how to party Respect.

We finally got round to getting our website up and running @ http://petamex.com/. Just the basics for now, we'll start fleshing it out with more detail and information in the coming days. The intro video on the home page (1st panel) is an oldie, but a goodie and serves mostly to educate newcomers to the scene. Any/all feedback is welcome here so feel free to rip me a new one.

[a2offrb]

I leave you guys alone for a few hours and then come home to the place all smashed up with a very fat, very drunk troll passed out on the floor...

You guys really know how to party Respect.

We finally got round to getting our website up and running @ http://petamex.com/. Just the basics for now, we'll start fleshing it out with more detail and information in the coming days. The intro video on the home page (1st panel) is an oldie, but a goodie and serves mostly to educate newcomers to the scene. Any/all feedback is welcome here so feel free to rip me a new one.

Oh my god!
Lol!
http://www.petamex.com/about

0.6 kwh/Ghash/sec

SO WHAT YOU GOING TO MINE???

[will]

Oh my god!
Lol!
http://www.petamex.com/about

0.6 kwh/Ghash/sec

SO WHAT YOU GOING TO MINE???

fixed! Thanks for the feedback.

[klee]

Make me rich!!

[molecular]

I leave you guys alone for a few hours and then come home to the place all smashed up with a very fat, very drunk troll passed out on the floor...

You guys really know how to party Respect.

loool. Cracked me up.

[JohnyBigs]

Ohh man I think I have found heaven in this thread. Where morons actually get called out instead of praised. Also, do you guys plan selling hardware in the future too or just mining? I think with all the profits a small percentage can be used to develop our own chip to make expanding of the mine cheaper and can also bring in profits from hardware sales.

[JohnyBigs]

Yes I know about 25% reinvested just thought maybe there was a plan to make own chips/hardware, I'm sure there are plans and it makes alot of sense not to announce them, we'll just wait and see.

[Jutarul]

Ohh man I think I have found heaven in this thread. Where morons actually get called out instead of praised. Also, do you guys plan selling hardware in the future too or just mining? I think with all the profits a small percentage can be used to develop our own chip to make expanding of the mine cheaper and can also bring in profits from hardware sales.

The way the business is presented is that the main focus (at least for the first year) is to set up and expand a mining farm. However, the business lends itself to act as a reseller, since they will acquire the necessary skills and the infrastructure to assemble and manage mining equipment at a large scale. It's unlikely that they will actively get involved in chip design though.

It would be interesting to get an opinion from IceDrill.ASIC on whether they would consider any reselling activity a revenue stream for IceDrill.ASIC or whether that revenue stream would go directly to the founders or third parties. The contract specifies "profits from the farm" which suggests that any revenue stream would be covered.

[will]

The way the business is presented is that the main focus (at least for the first year) is to set up and expand a mining farm.

Exactly this, our primary focus at the moment is successful implementation of the contract as stated. Things like implenting contingencies to mitigate/remove risk, solidifying future buying contracts, exploring customization paths for lowering cost and other things that pertain directly to ensuring the IceDrill starts operating efficiently, and "drills harder" as soon as possible.

However, the business lends itself to act as a reseller, since they will acquire the necessary skills and the infrastructure to assemble and manage mining equipment at a large scale. It would be interesting to get an opinion from IceDrill.ASIC on whether they would consider any reselling activity a revenue stream for IceDrill.ASIC or whether that revenue stream would go directly to the founders or third parties. The contract specifies "profits from the farm" which suggests that any revenue stream would be covered.

Confirmed. Anything that follows directly from the core competency of economy-of-scale mining; i.e. the infrastructure and sales contract(s) which supports it (e.g. hosting contracts & resales) will necessarily be to the benefit of the IceDrill investors, because that state of being will be created from our current efforts and 25% of mining profits.

It's unlikely that they will actively get involved in chip design though.

I can confirm that we probably won't get involved in chip design and manufacturing. That said, there is a fairly large gap in the market to fill where a company could act as the "Dell" to their "Intel", so to speak. Whether or not we'll be able to position ourselves as such remains to be seen. While we do not entertain delusions of grandeur, we do sometimes like to throw ideas at the wall and see what sticks.

[BitCoinzzz]

Will,

I think once you have the farm up and running, you should use a part of that 25% to take a stab at developing your own chip. There is a huge amount of incentive for this, and it will be a small chunk out the 25% when you have 300-500TH mining.

The first benefit is it will cut your costs to expand the mine, meaning for the same price you can add even more hashing power.
Secondly, it can provide a huge revenue stream, probably even bigger than mining. You can sell bulk chips, and sell your own miners.

Some off the top of the head numbers.

20,000 units X $3,000 = $60,000,000 in revenue, which 90% of it will be pure profit given the insane mark up of mining hardware.

I think it would be quite foolish to not take a stab at the manufacturing side, given the amount of money you will have from the 25% to expand the business.

Just my two cents.

[JohnyBigs]

I disagree.  Icedrill should not develop their own chips.  Icedrill should focus only on one thing and that is mining equipment deployment, and they should try to be the best at this than their competitors.  They should try to negotiate deals now including having talks with cointerra.  Should Icedrill divert their energy to chip creation then they will be on a path to failure.  Why?  There are other companies better positioned with specialized expertise to create chips.  Icedrill should focus on efficiency and optimization of massive scale deployment of bitcoin mining hardware.

There are other chip creation companies that will compete with each other causing the price of chips to fall.

He didn't say focus on chip production now. He said focus on it once massive deployment has happened. Look at every company in the world, they create new products and services, they just don't stay with one thing.

I don't think it would take that much focus away. When they have a 400TH mine they can afford to throw 1 Million at development of a chip. Heck hire a team of 5 engineers and let them focus on that end.

It's not rocket science especially when you have so much cash flow.

[HeRetiK]

I disagree.  Icedrill should not develop their own chips.  Icedrill should focus only on one thing and that is mining equipment deployment, and they should try to be the best at this than their competitors.  They should try to negotiate deals now including having talks with cointerra.  Should Icedrill divert their energy to chip creation then they will be on a path to failure.  Why?  There are other companies better positioned with specialized expertise to create chips.  Icedrill should focus on efficiency and optimization of massive scale deployment of bitcoin mining hardware.

There are other chip creation companies that will compete with each other causing the price of chips to fall.

+1

no need to lose focus and set out for an already glutted market with a high cost point of entry.