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

[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?

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 ?

Indubitably

However, the original proposition could be defined much more simply as...

1: Engender efficient utility of pre-existant associate intellectual and manpower assets in the translocation of geo-dispersed, sub-outerwear, genito-stratal, textile garment units into a strategic holding facilty under executive control of the enterprise.

2: ? ? ?

3: profit

[cedivad]

Thank you Flashman.
Posted from Bitcointa.lk - #wu8kkSno35MQjM48

[WillMilk4Coin]

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 ?

Indubitably

However, the original proposition could be defined much more simply as...

1: Engender efficient utility of pre-existant associate intellectual and manpower assets in the translocation of geo-dispersed, sub-outerwear, genito-stratal, textile garment units into a strategic holding facilty under executive control of the enterprise.

2: ? ? ?

3: profit

Hmm ..well, if you're speculating the original intent was to prevent profitable returns to investors, then it almost without a doubt fits 6 sigma. As we all know, mining experiences a deterioration in performance over the long term, albeit unpredictably. If the aforementioned accusation were to be accurate and given the knowledge of mining long term variations, a 1.5 sigma shift would have likely been taken into account; thus requiring a mere 4.5 standard deviations to accomplish intent. This can't be overlooked.

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.

Precisely, but further still; one must consider the relative perspective of the subservient witness on the parabolic progress. If the perpendicular tangent to focus places the intersecting reference point anywhere below the intersecting midpoint of the latus rectum, then we're golden. If it lies anywhere above our latus rectums well, I don't need to tell you what that means. Of course, this is mostly academic.

[int03h]

Precisely, but further still; one must consider the relative perspective of the subservient witness on the parabolic progress. If the perpendicular tangent to focus places the intersecting reference point anywhere below the intersecting midpoint of the latus rectum, then we're golden. If it lies anywhere above our latus rectums well, I don't need to tell you what that means. Of course, this is mostly academic.

I assume you are discussing the cow jumping over the moon scenario. I doubt this is possible, but I hear there is cheese. I think we need to take this to SpaceX to run some hard numbers.

[WillMilk4Coin]

Precisely, but further still; one must consider the relative perspective of the subservient witness on the parabolic progress. If the perpendicular tangent to focus places the intersecting reference point anywhere below the intersecting midpoint of the latus rectum, then we're golden. If it lies anywhere above our latus rectums well, I don't need to tell you what that means. Of course, this is mostly academic.

I assume you are discussing the cow jumping over the moon scenario. I doubt this is possible, but I hear there is cheese. I think we need to take this to SpaceX to run some hard numbers.

That won't even be necessary. In a recent university double blind study, participants were asked to differentiate between earth dirt and moon dust only by taste. What they discovered was that not only is the moon made entirely of cheese, it was gouda.

[flamingleg]

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?

+1

This is the only piece of information missing to allow a reasonable valuation of this share price, not to mention the dividends owed to each share based on blocks already mined.

More than anything we shareholders need a timeframe on when dividends will start being paid. This has not been addressed in any official update, and does little to foster confidence. Without this information what is to stop all shareholders from simply dumping their shares once cryptomex goes live?
Without a reasonable expectation of return or at least a timeframe for return these shares are effectively worthless.

[Flashman]

Cointerra claims to be shipping Terraminer from stock. They must be in good shape by now.

Howabout flipping that (Unauthorised abuse of shareholder funds) $400,000 investment into 100 Terraminers and getting us somewhat nearer IPO hashrate.

[bobboooiie]

Cointerra claims to be shipping Terraminer from stock. They must be in good shape by now.

Howabout flipping that (Unauthorised abuse of shareholder funds) $400,000 investment into 100 Terraminers and getting us somewhat nearer IPO hashrate.

baffles my mind people still want to have anything to do with mining at this point.

[Flashman]

Yeah sure, let's have them leverage their strengths by making and selling basketware on pinterest for bitcoin.

[int03h]

Cointerra claims to be shipping Terraminer from stock. They must be in good shape by now.

Howabout flipping that (Unauthorised abuse of shareholder funds) $400,000 investment into 100 Terraminers and getting us somewhat nearer IPO hashrate.

baffles my mind people still want to have anything to do with mining at this point.

1) It's a hobby - some people dress up and go  to Comicon ... others are retarded enough to think mining is still fun. (me included)
2) People don't seem to get that crypto-currency it is setup as a self sustaining ecosystem (in its current state ). If only 1 person mines (or a significant few )  and gets the rewards .. who are "he/they" going to sell the shit to ? No-one. So even if you have a small hand in that symbiotic relationship you are fending of its eventual demise.  (  see Alt-Coin proliferation as proof of this statement )

[Flashman]

Fleshing out the "ecosystem" part, mining implements, governs and secures the currency. By not having a stake in that, you expect "other people" to take on the burden of governing, securing and implementing your money.... without a vote.

Many here understand that, and is the reason why they are vocal about not hashing on the large pools, things need to be diverse for there to be a balance of power, if you don't care, return to the land of big gov and big bailouts and tear up your voters registration.

[dropt]

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

How about this: instead of coming up with a new business plan, make good on your old and pay us our fucking dividends?

This wouldn't be so bad if:

[...] 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.

When you and the others clearly don't fucking have any strengths, knowledge, connections, or assets.

[Hoofprint]

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

How about this: instead of coming up with a new business plan, make good on your old and pay us our fucking dividends?

This wouldn't be so bad if:

[...] 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.

When you and the others clearly don't fucking have any strengths, knowledge, connections, or assets.

they have a strength,
they know how to fly 1st class and stay at the most expensive hotels in canada,
remember that audit pdf 15k of our money they spent and its still counting

http://www.icedrill.io/download/IceDrill-FS-20140203.pdf

[Flashman]

Not forgetting the superpower of negotiating a price per gh that was double what other peoples orders  shipped the same week paid.

[solarion]

Not forgetting the superpower of negotiating a price per gh that was double what other peoples orders  shipped the same week paid.

While I have no dog in this icedrill fight directly, I do have a scamfast sierra order from last september. That order was finally shipped today. Approximately five months late and near completely worthless at this point. Anyone dealing with the scamfast crooks was always going to lose.

[DeaDTerra]

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?

The total number circulating right now is 13 117 745 shares. So a bit over 13 Million.
150 000 000/13 117 745= 11.4 Mhash a share roughly at this moment
//DeaDTerra

[_mr_e]

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.

The current estimate is to go-live with IceDrill trading and dividend payments on cryptomex around the 19th of April, following a code-review and security audit.

So here we are on April 19th....

[pedrog]

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.

The current estimate is to go-live with IceDrill trading and dividend payments on cryptomex around the 19th of April, following a code-review and security audit.

So here we are on April 19th....

Yeah, just two more weeks...

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

[Hoofprint]

Yeah, just two more weeks...

7 days to go,

I wonder what icedrills new name will be when will and terra dont follow through,

Im thinking Scamdrill but that sounds to much like Scamfast.
Shilldrill ?

[Flashman]

Well unless we see some action, Licedrill would be good enough, denoting the kind of useless bloodsucking parasites the bitcoin community needs less of.