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

[Isokivi]

I've been quietly watching this thread for a long time, but my patience is wearing thin. I'd really like to be able to recoup my losses and/or to be able to recieve dividents at this point. I cant concieve an excuse as to why this is not possible, nor will I accept one. DeaDTerras reputation is what ultimately convinced me to invest. Please live up to that reputation, soon.

[raskul]

i may be wrong...
is icedrill undergoing yet more pool tests? i noticed ~(the hashrate of icedrill) become added to eclipseMC pool recently and wondered if it is now testing the methods of that pool?

again the DGM on Ozco.in is perfect for this rigging, if you are not mining solo. that's just my advice as a neutral.
best luck with your endeavour.

[DeaDTerra]

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.

To clarify,
Originally the plan was to raise money for 500 Thash, we did not hit the milestone necessary for this and decreased our goal to 235 Thash. The money was raised and the equipment purchased.
We then offered a trade between shares and hardware for the people that would rather take the hashing power than shares, 51 Sierras was traded in this way reducing the total amount of shares as well as Hashing power.

If we deduce the trade-ins from the original amount we land at roughly 174 Thash in total hashing power.

//DeaDTerra

[DeaDTerra]

A quick update here,

There are roughly 600 BTC of Bitcoins in our cold wallet currently. (if you want to know the exact numbers please have a look at the previously posted Bitcoin addresses).

I am currently drafting a new Business plan. We are looking to leverage the strengths of the current team, using our knowledge, connections and assets to expand business operations into lucrative and sustainable areas in the long term.

After a code review, CryptoMex have decided to strengthen the base code especially in areas related to security. CryptoMex is finalising beta testing for launch. Bug and security tests are currently being run as well as beta testing. In the current roadmap CryptoMex are looking to release their platform between 19-30 of April

If you have any questions, I would be happy to answer them to the best of my ability.

Regarding the negotiations with HashFast, as we are not the only ones negotiation a deal with them we can not disclose any information until a deal has been settled in writing.
What I can say is that we are making progress towards a relatively fair deal.

//DeaDTerra

[cedivad]

What I can say is that we are making progress towards a relatively fair deal.

HF must be really good at making people believe that they are making progress towards a deal.
In your case it has been 6 months of progresses, with nothing written yet.
Posted from Bitcointa.lk - #pW6hbAv50IN7velg

[drawingthesun]

With Hashfast's large clients they are expected to deliver tens of thousands of chips. Does anyone have suspicion to believe Hashfast cannot do this?

[cedivad]

With Hashfast's large clients they are expected to deliver tens of thousands of chips. Does anyone have suspicion to believe Hashfast cannot do this?

Silicon is cheap at this stage, yet incredibly valuable for a limited amount of time.
HF has this advantage and should use it, this is (one of the reasons?) why they are buying time in every way possible.

Whatever or not they are self mining to their pockets in the meanwhile, we will probably never know.

[juicejoyce]

A quick update here,

There are roughly 600 BTC of Bitcoins in our cold wallet currently. (if you want to know the exact numbers please have a look at the previously posted Bitcoin addresses).

I am currently drafting a new Business plan. We are looking to leverage the strengths of the current team, using our knowledge, connections and assets to expand business operations into lucrative and sustainable areas in the long term.

After a code review, CryptoMex have decided to strengthen the base code especially in areas related to security. CryptoMex is finalising beta testing for launch. Bug and security tests are currently being run as well as beta testing. In the current roadmap CryptoMex are looking to release their platform between 19-30 of April

If you have any questions, I would be happy to answer them to the best of my ability.

Regarding the negotiations with HashFast, as we are not the only ones negotiation a deal with them we can not disclose any information until a deal has been settled in writing.
What I can say is that we are making progress towards a relatively fair deal.

//DeaDTerra

good news!

[wisard]

If we deduce the trade-ins from the original amount we land at roughly 174 Thash in total hashing power.

//DeaDTerra

Can you also let us know how many shares were transferred in - or actually - what are the total number of shares in circulation right now? How much of 174 Thash does 1 share signify?

[Hoofprint]

To clarify,
Originally the plan was to raise money for 500 Thash, we did not hit the milestone necessary for this and decreased our goal to 235 Thash. The money was raised and the equipment purchased.
We then offered a trade between shares and hardware for the people that would rather take the hashing power than shares, 51 Sierras was traded in this way reducing the total amount of shares as well as Hashing power.

If we deduce the trade-ins from the original amount we land at roughly 174 Thash in total hashing power.
//DeaDTerra

To clarify,
you didn't inform investors of this change till months after bitfunder crashed and the order was already placed with Scamfast.

After a code review, CryptoMex have decided to strengthen the base code especially in areas related to security. CryptoMex is finalising beta testing for launch. Bug and security tests are currently being run as well as beta testing. In the current roadmap CryptoMex are looking to release their platform between 19-30 of April
//DeaDTerra

So far ive been scammed by BFL, Hasfast, Mt Gox and wexchange. it all started with lack of communication, excuses then eventually my btc was gone.
I see no difference between them and icedrill atm.
Although it makes no difference in the end come April 30 ill be leaving negative trust on you and will
If none of that 600 btc isnt paid to share holders by that date.

Dont take that as a threat, take as incentive to stop toying with peoples money

[dunchy]

I am currently drafting a new Business plan. We are looking to leverage the strengths of the current team, using our knowledge, connections and assets to expand business operations into lucrative and sustainable areas in the long term.

I read this as a good sign after a long while.

In the future, please be more open about your plans to investors, no matter how big or small they are.

[juicejoyce]

To clarify,
Originally the plan was to raise money for 500 Thash, we did not hit the milestone necessary for this and decreased our goal to 235 Thash. The money was raised and the equipment purchased.
We then offered a trade between shares and hardware for the people that would rather take the hashing power than shares, 51 Sierras was traded in this way reducing the total amount of shares as well as Hashing power.

If we deduce the trade-ins from the original amount we land at roughly 174 Thash in total hashing power.
//DeaDTerra

To clarify,
you didn't inform investors of this change till months after bitfunder crashed and the order was already placed with Scamfast.

After a code review, CryptoMex have decided to strengthen the base code especially in areas related to security. CryptoMex is finalising beta testing for launch. Bug and security tests are currently being run as well as beta testing. In the current roadmap CryptoMex are looking to release their platform between 19-30 of April
//DeaDTerra

So far ive been scammed by BFL, Hasfast, Mt Gox and wexchange. it all started with lack of communication, excuses then eventually my btc was gone.
I see no difference between them and icedrill atm.
Although it makes no difference in the end come April 30 ill be leaving negative trust on you and will
If none of that 600 btc isnt paid to share holders by that date.

Dont take that as a threat, take as incentive to stop toying with peoples money

care about these.

[rtt]

What I can say is that we are making progress towards a relatively fair deal.

HF must be really good at making people believe that they are making progress towards a deal.
In your case it has been 6 months of progresses, with nothing written yet.
Posted from Bitcointa.lk - #pW6hbAv50IN7velg

I became happy when I saw DT's write-up............... until I saw your retort.

[dplusf]

i also recommend to set the hashrate for mining on p2pool.
sure i confess on that p2pool matter as you can see in my sig, but that doesnt mean thats not good for anybody.

the total hashrate of icedrill is almost the total amount of hashingpower of the whole p2pool. if you would add another 150th/s that would probably mean we could get at least on block per day.
also the variance for would lower. and no or low fees at all.

i dont see why this would'nt be a good idea.

just for clarification: i am a shareholder too.

[lenny_]

Please mine on p2pool. You have my vote for this, I am shareholder.

[Flashman]

We are looking to leverage the strengths of the current team, using our knowledge, connections and assets to expand business operations into lucrative and sustainable areas in the long term.

Awesome, can we also synergise our core competencies, and tightly integrate our value proposition within a post-gox framework of cloud integrated core technologies with vertically integrated modalities of cryptometric excellence?

[int03h]

We are looking to leverage the strengths of the current team, using our knowledge, connections and assets to expand business operations into lucrative and sustainable areas in the long term.

Awesome, can we also synergise our core competencies, and tightly integrate our value proposition within a post-gox framework of cloud integrated core technologies with vertically integrated modalities of cryptometric excellence?

I agree the equity to manure ratio is strong in this proposal - I expect a very steep upward trajectory with a prolonged sustained cash cow mode!

[Flashman]

Ah and fertilise the green shoots of innovation in a proactive symbiosis with shareholder expectations ahead of the parabolic adoption curve.... I see what you're saying.

[dunchy]

We are looking to leverage the strengths of the current team, using our knowledge, connections and assets to expand business operations into lucrative and sustainable areas in the long term.

Awesome, can we also synergise our core competencies, and tightly integrate our value proposition within a post-gox framework of cloud integrated core technologies with vertically integrated modalities of cryptometric excellence?

I agree the equity to manure ratio is strong in this proposal - I expect a very steep upward trajectory with a prolonged sustained cash cow mode!

For the sake of completeness, allow me to apprehend the current phallic state of investor's dividend revenue stream. Namely, the probability of approaching zero return on investment is almost in concordance with 6 sigma model, don't you think ?

[lenny_]

Why dividends still haven't been paid to investors?