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

[DeaDTerra]

Just an update from our side:

We've switched away from solo mining for the time being, and are spreading our hashrate equally between the three largest pools: btcguild, ghash.io and f2pool (discus fish). The change was made about 36h ago, shortly after we mined our 5th solo block.

Small IceDrill mention here: http://organofcorti.blogspot.com.es/2014/04/april-6th-2014-weekly-hashrate.html (great blog, if you're a miner it should be on your list of weekly things to read).

Payout target for f2pool: https://blockchain.info/address/1NJNrRgQL9VDkd78HHDBukoayfcdEy7nwU

sorry to be blunt, but you look like bumbling fools. ramping up, ramping down, going solo, changing pools, testing variance.
this is investor money you are playing with, or have you forgotten this?

they are all excuses to hide a hefty portion for themselves so we only see less than half for ourselves.  it's called embezzlement.  

The reason why we switched back from Solo-mining was due to that we didn't have enough of the network mining power and hence had too high of a variance.
High variance is bad for operations as we still have bills to pay that come every month, independent on how many blocks we have solved that month.

You can follow both the Hashing power trail and well as the Bitcoin trail, it is all transparent due to the nature of Bitcoin.

//DeaDTerra

[_mr_e]

Just an update from our side:

We've switched away from solo mining for the time being, and are spreading our hashrate equally between the three largest pools: btcguild, ghash.io and f2pool (discus fish). The change was made about 36h ago, shortly after we mined our 5th solo block.

Small IceDrill mention here: http://organofcorti.blogspot.com.es/2014/04/april-6th-2014-weekly-hashrate.html (great blog, if you're a miner it should be on your list of weekly things to read).

Payout target for f2pool: https://blockchain.info/address/1NJNrRgQL9VDkd78HHDBukoayfcdEy7nwU

sorry to be blunt, but you look like bumbling fools. ramping up, ramping down, going solo, changing pools, testing variance.
this is investor money you are playing with, or have you forgotten this?

they are all excuses to hide a hefty portion for themselves so we only see less than half for ourselves.  it's called embezzlement.  

The reason why we switched back from Solo-mining was due to that we didn't have enough of the network mining power and hence had too high of a variance.
High variance is bad for operations as we still have bills to pay that come every month, independent on how many blocks we have solved that month.

You can follow both the Hashing power trail and well as the Bitcoin trail, it is all transparent due to the nature of Bitcoin.

//DeaDTerra

This is no excuse for switching to pools that are already the largest and a threat to Bitcoin decentralization! There is absolutely no need to support these guys when p2pool will already do exactly what we need. This is absolute fucking bullshit and I'm getting pissed off that no one is listening to this or backing me up. If you don't want to support p2pool then fine, be jerk offs, but at least point at a smaller pool!!

[raskul]

Just an update from our side:

We've switched away from solo mining for the time being, and are spreading our hashrate equally between the three largest pools: btcguild, ghash.io and f2pool (discus fish). The change was made about 36h ago, shortly after we mined our 5th solo block.

Small IceDrill mention here: http://organofcorti.blogspot.com.es/2014/04/april-6th-2014-weekly-hashrate.html (great blog, if you're a miner it should be on your list of weekly things to read).

Payout target for f2pool: https://blockchain.info/address/1NJNrRgQL9VDkd78HHDBukoayfcdEy7nwU

sorry to be blunt, but you look like bumbling fools. ramping up, ramping down, going solo, changing pools, testing variance.
this is investor money you are playing with, or have you forgotten this?

they are all excuses to hide a hefty portion for themselves so we only see less than half for ourselves.  it's called embezzlement.  

The reason why we switched back from Solo-mining was due to that we didn't have enough of the network mining power and hence had too high of a variance.
High variance is bad for operations as we still have bills to pay that come every month, independent on how many blocks we have solved that month.

You can follow both the Hashing power trail and well as the Bitcoin trail, it is all transparent due to the nature of Bitcoin.

//DeaDTerra

This is no excuse for switching to pools that are already the largest and a threat to Bitcoin decentralization! There is absolutely no need to support these guys when p2pool will already do exactly what we need. This is absolute fucking bullshit and I'm getting pissed off that no one is listening to this or backing me up. If you don't want to support p2pool then fine, be jerk offs, but at least point at a smaller pool!!

was anyone complaining about payouts from Ozco.in? Personally i'd have reckoned solo was a better bet, but really DGM on Ozco.in is MADE for a rig like this.

[will]

sorry to be blunt, but you look like bumbling fools. ramping up, ramping down, going solo, changing pools, testing variance.
this is investor money you are playing with, or have you forgotten this?

Thank you for your opinion. Don't be sorry, I appreciate "blunt". It trumps "concise".

Before I describe the events leading up to it, I'll hold off for a day or so to collect more opinions on the decision. It wasn't made lightly.

[raskul]

sorry to be blunt, but you look like bumbling fools. ramping up, ramping down, going solo, changing pools, testing variance.
this is investor money you are playing with, or have you forgotten this?

Thank you for your opinion. Don't be sorry, I appreciate "blunt". It trumps "concise".

Before I describe the events leading up to it, I'll hold off for a day or so to collect more opinions on the decision. It wasn't made lightly.

of course, and thank you for acknowledgement of my comment. I wish you all the best; and a settled mining in the near future, wherever you choose it to be.

[Flashman]

The reason why we switched back from Solo-mining was due to that we didn't have enough of the network mining power and hence had too high of a variance.

Heh, and nobody warned you?

[Hoofprint]

was anyone complaining about payouts from Ozco.in? Personally i'd have reckoned solo was a better bet, but really DGM on Ozco.in is MADE for a rig like this.

you actually got a payout...... im impressed good sir let me know your secret

[raskul]

was anyone complaining about payouts from Ozco.in? Personally i'd have reckoned solo was a better bet, but really DGM on Ozco.in is MADE for a rig like this.

you actually got a payout...... im impressed good sir let me know your secret

my bad, it's where i mine with my home rig...

[Komodorpudel]

Since we should be able to trade shares again in a few days/ weeks:

Do we get an bigger update with all relevant informations also about reinvestment plans and the possible future of this "project"?

[dropt]

Since we should be able to trade shares again in a few days/ weeks:

Do we get an bigger update with all relevant informations also about reinvestment plans and the possible future of this "project"?

Probably not.  DT, Will, and whomever else are probably going to try and buy back all of the shares for satoshis on the coin with all of the mining proceeds so far.  Best scam ever.

[drawingthesun]

Without having to jump through hoops, can someone tell me the current hashrate of IceDrill?

[pedrog]

Without having to jump through hoops, can someone tell me the current hashrate of IceDrill?

It's around 150 TH/s.

[drawingthesun]

Without having to jump through hoops, can someone tell me the current hashrate of IceDrill?

It's around 150 TH/s.

Impressive. Are they adding hashrate constantly?

[pedrog]

Without having to jump through hoops, can someone tell me the current hashrate of IceDrill?

It's around 150 TH/s.

Impressive. Are they adding hashrate constantly?

No, it's been like this for quite a while.

[raskul]

/sheepish

can you come back to ozco.in please? we miss you 

[HeRetiK]

sooooo.... dividends. are there any being paid out or did i miss something?

[rtt]

Without having to jump through hoops, can someone tell me the current hashrate of IceDrill?

It's around 150 TH/s.

Impressive. Are they adding hashrate constantly?

No, it's been like this for quite a while.

Wait -- the title of this thread says: 235 TH/s so there's much missing

[dropt]

Wait -- the title of this thread says: 235 TH/s so there's much missing

You should have seen the title of this thread when most of us bought shares.

[Hoofprint]

Wait -- the title of this thread says: 235 TH/s so there's much missing

You should have seen the title of this thread when most of us bought shares.

i remember 500 TH/s with the IPO of 0.00016 per share min.

but like i said a few weeks ago

If anyone's in a hurry to sell any Icedrill shares I'd be happy to talk, btw.

This smells like news.
(Or maybe i would just like some news)
Posted from Bitcointa.lk - #k34NJBdU2gY6d1b7

It seems Will and Terra have decided to do a Hashfast you know take millions of dollars to make an item (farm) then ignore clients questions in the hopes we will go away.

Im sure the next part of the plan will be to hire Tacotime to be an icedrill forum rep,
Followed by offering investors that no longer wish to wait, a share buy back scheme 0.0001 btc per share.

i joke but seriously im losing faith and trust in Will and Terra it shouldn't be this hard to get a few questions answered

I demand to be included in this private chat they have going with the larger investors, i dont see why they get the royal treatment while us little guys get boned.

[molecular]

This is no excuse for switching to pools that are already the largest and a threat to Bitcoin decentralization! There is absolutely no need to support these guys when p2pool will already do exactly what we need. This is absolute fucking bullshit and I'm getting pissed off that no one is listening to this or backing me up. If you don't want to support p2pool then fine, be jerk offs, but at least point at a smaller pool!!

I support this!