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

[stevenroose]

This thread is getting silent. But currently, no news is bad news, right?

Because we aren't asking for it, doesn't mean you should not update us. Please keep us up-to-date with the progress you are making.

[1714890641]

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[1714890641]

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[Eisenhower34]

To be honest, i prefer the silence if I had to choose between silence, updates with "nothing new to tell" and people thanking him for these "nothing new to tell updates".

The only thing that could rescue this drowning mining coop is a solid compensation plan for the late delivery, but all you get on this front is "cannot tell you anything new, cause all is secret and nothing solid yet" (still the same song after a month ...)

And all you guys jumping hoops cause your happy when hes updating with a new pic of 4 "outdated" miners or write requests of "features" like trading this security or which mining pool to choose... We are drowning and you guys ask "Will my dead body look better in a pink or a rose gown?" WTF, Who cares? and if you say now "but I do care", then you are stupid! (took the last part out, cause it may sound too offensive, but thats my opinion.)

And I have to read all through this several pages long "crap" posts just in case that there was an "important" update...

[Mythoranium]

I partly disagree, Eisenhower34.

Although you are right that posts like "we have nothing new to say, everything is under NDA and we are working on X to provide you with Y" are useless, there are some things that the management could and should provide to us investors.
At the very least, a regular update of something like this —
"We currently have [integer] sierras hashing with the total hashpower of [number]. We are expecting [integer] more sierras by [date]. We have currently accumulated [number] bitcoins, amounting to [number] of BTC per share. We expect to, but not guarantee, to pay the first dividents on [date] when the revenue per share reaches [number] BTC. When our mining gains reach this number, we expect to have the 25% of the gains for future expansion of [number] BTC, which we plan to invest with [manufacturer] in the future, although our chosen manufacturer might change depending on the circumstances. We are working on an automated system to provide these details to shareholders in real-time, but until that happens we will make periodic updates in this thread."

I don't think that is too much to ask. I have invested, for my financial situation, a very significant amount of money in this operation. I don't think anyone has any delusions of having massive short-term returns from this, so I think most of us would want to at least have some clarity of what we can expect. Right now it is not clear at all — 1 BTC investment could turn out to return just 1 mBTC in the forseeable future, or HashFast might be giving us 100x hashpower for our delay for all we know. I fail to see how this silence could benefit anyone — investors or managers.

[dunchy]

To be honest, i prefer the silence if I had to choose between silence, updates with "nothing new to tell" and people thanking him for these "nothing new to tell updates".

The only thing that could rescue this drowning mining coop is a solid compensation plan for the late delivery, but all you get on this front is "cannot tell you anything new, cause all is secret and nothing solid yet" (still the same song after a month ...)

And all you guys jumping hoops cause your happy when hes updating with a new pic of 4 "outdated" miners or write requests of "features" like trading this security or which mining pool to choose... We are drowning and you guys ask "Will my dead body look better in a pink or a rose gown?" WTF, Who cares? and if you say now "but I do care", then you are stupid! (took the last part out, cause it may sound too offensive, but thats my opinion.)

And I have to read all through this several pages long "crap" posts just in case that there was an "important" update...

spot on, my friend.

You just forgot the part where "HF guys are so helpful , attentive and polite  and well-mannered and ...  where's the vomiting smiley? .... etc "

Woody Allen once said that in order for one piece to become art, over time it has to pass from tragedy to comedy or vice-versa. This NDA bullshit-common-sense-insult, fits the description entirely.

[cedivad]

This thread is almost more fun than reading the lawsuits being filled against those companies.

[dunchy]

This thread is almost more fun than reading the lawsuits being filled against those companies.

Just tell me where to tip.

[zebroid]

This thread is almost more fun than reading the lawsuits being filled against those companies.

Just tell me where to tip.

We might just end up earning BTC faster with your suggested tipping method  

[dropt]

WHERE ARE THE FARM DETAILS.  WHERE ARE WE HASHING.  WHAT WALLET IS RECEIVING PAYMENTS?

WHERE ARE OUR DIVIDENDS?

[Entropy-uc]

WHERE ARE THE FARM DETAILS.  WHERE ARE WE HASHING.  WHAT WALLET IS RECEIVING PAYMENTS?

WHERE ARE OUR DIVIDENDS?

It's not like people weren't warned about how DeadTerra treats investors.  I am still dumfounded he was able to raise so many bitcoins for this venture.  And never accounted for where all those BTC went...

https://bitcointalk.org/index.php?topic=269216.msg2928778#msg2928778

[dropt]

WHERE ARE THE FARM DETAILS.  WHERE ARE WE HASHING.  WHAT WALLET IS RECEIVING PAYMENTS?

WHERE ARE OUR DIVIDENDS?

It's not like people weren't warned about how DeadTerra treats investors.  I am still dumfounded he was able to raise so many bitcoins for this venture.  And never accounted for where all those BTC went...

https://bitcointalk.org/index.php?topic=269216.msg2928778#msg2928778

Truer words have never been spoken.  While being tied up in this piece of shit annoys the hell out of me, I should be glad that I chose a fractional investment here compared to the major one I was going to take with HF gear itself.

[raskul]

I should be glad that I chose a fractional investment here compared to the major one I was going to take with HF gear itself.

  because HF are shipping now and this mob seem to be running with the coinage? [confuzled]

[dunchy]

WHERE ARE THE FARM DETAILS.  WHERE ARE WE HASHING.  WHAT WALLET IS RECEIVING PAYMENTS?

WHERE ARE OUR DIVIDENDS?

It's not like people weren't warned about how DeadTerra treats investors.  I am still dumfounded he was able to raise so many bitcoins for this venture.  And never accounted for where all those BTC went...

https://bitcointalk.org/index.php?topic=269216.msg2928778#msg2928778

Truer words have never been spoken.  While being tied up in this piece of shit annoys the hell out of me, I should be glad that I chose a fractional investment here compared to the major one I was going to take with HF gear itself.

Couldn't agree more. Although I've written-off this loss, I'm still punishing myself by keeping the thread on watch just to see if anyone will come after those rats. Would be really glad to contribute.

[VolanicEruptor]

Lets stop taking excuses and start going after these shits.
Fuck you, ScamDrill

[Hoofprint]

i wonder how long Will and Terra,
will have before their trust rating down the toilet like the scamfast employees on this site.

im failing to see how hard it must be to swing by the forums 5mins before you go to bed and say a few words.
Dosent have to be anything important just let people know your there.

[JohnyBigs]

ohh what? did this turn into another Labcoin?

[dropt]

I should be glad that I chose a fractional investment here compared to the major one I was going to take with HF gear itself.

  because HF are shipping now and this mob seem to be running with the coinage? [confuzled]

No, because I'm only out a fraction that I would be if I had gone with buying HF hardware directly. 

[molecular]

This thread is getting silent. But currently, no news is bad news, right?

Because we aren't asking for it, doesn't mean you should not update us. Please keep us up-to-date with the progress you are making.

I agree, just post once a day how many Bitcoins have been mined. Can be an estimate and we don't need a fancy system at this point, just some basic transparency so we can roughly audit what's going on. Otherwise you're opening yourselves up to allegation of mining into private coffers.

[paul3]

We are currently doing a audit of our books, we are aiming to have something. We are aiming to post public financial report at the end of the January.

DeaDTerra, any updates on the public financial report?

Now its February, no report published or did I miss something? I'm interested in the following questions:

- How much BTC raised from the IPO? Please split this numbers in public & private investors.
- How much BTC where spend for the Hashfast order? Please tell us about the date the order was made or the exchange rate (BTCUSD).
- Available funds, BTC or USD
- Monthly costs for the Datacenter
- Any recurring costs besides the datacenter? (like salary)
- How many shareholders took your offer to get a Miner in exchange for 120k shares? How do you full fill there requests, since there isn't 100% of the hashing power delivered by now?
-- What happened to this shares, are they destroyed?

Feel free to publish this information only to shareholders, for example on icedrill.io, but this should be available to ALL investors and not only to some handpicked big investors!

Please share the wallet address of current mining activities.

[raskul]

Please share the wallet address of current mining activities.

surely, this should have been done before mining commenced?

[lenny_]

Please share the wallet address of current mining activities.

surely, this should have been done before mining commenced?

+1 !!!