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Author Topic: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast)  (Read 378421 times)
Bananery
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June 04, 2014, 12:36:05 PM
 #1881

This is such a failure. Total of about 24,000BTC was raised in IPO. According to my calculations investors will get at most 10% of initial investment.

I thought DeadTerra learnt his lesson with his Gamma fund that you can't trust other people's money to people you don't know or trust. Last time he got very lucky with AsicMiner shares and was able to recoup losses.

This time he took and lost much more of other people's money. Its's over 13 million dollars that he lost at today's exchange rate.
Minor Miner
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June 04, 2014, 02:16:28 PM
 #1882

This is such a failure. Total of about 24,000BTC was raised in IPO. According to my calculations investors will get at most 10% of initial investment.
I thought DeadTerra learnt his lesson with his Gamma fund that you can't trust other people's money to people you don't know or trust. Last time he got very lucky with AsicMiner shares and was able to recoup losses.
This time he took and lost much more of other people's money. Its's over 13 million dollars that he lost at today's exchange rate.
It was an investment.    When the terms were posted it was pretty clear it was an expensive group buy (basically) the also provided hosting.  But, the hook that made it somewhat interesting was that the buy would be first in the queue.   And it was.   Everything just arrived WAY too late for anyone to make money.   If they got these in October, the story would have been different.   If bitcoin price does not keep going up, the cost of the hosting is going to exceed the revenue from hashing some time this year.   
It sucks but whenever there is an investment where you can make "rents", you can also lose all your money.
there is no easy money in life.

a2offrb
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June 04, 2014, 03:33:37 PM
 #1883

So. Registered on cryptomex. Dont see any shares. What else i must do?

]–]  Announce  ]–[    RAYS NETWORK    ]–[  Whitepaper  [–[
A Blockchain Based On Customized DPOS And Bulletproof Protocol
[–[   RISE WITH RAYS   [–[  Telegram  |  Twitter  |  Facebook  ]–]
MaxwellsDemon
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June 04, 2014, 03:38:55 PM
 #1884

So. Registered on cryptomex. Dont see any shares. What else i must do?

Wait a few days. They will credit the shares to your account if you previously registered using the same email on icedrill.io.
For the sake of efficiency, expediency, and lower overhead costs, they're doing it manually  Wink

We're hunting for Leviathan, and Bitcoin is our harpoon.
dunchy
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June 04, 2014, 03:39:36 PM
 #1885

This is such a failure. Total of about 24,000BTC was raised in IPO. According to my calculations investors will get at most 10% of initial investment.

I thought DeadTerra learnt his lesson with his Gamma fund that you can't trust other people's money to people you don't know or trust. Last time he got very lucky with AsicMiner shares and was able to recoup losses.

This time he took and lost much more of other people's money. Its's over 13 million dollars that he lost at today's exchange rate.

2% at most.
Bananery
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June 04, 2014, 03:44:12 PM
 #1886

This is such a failure. Total of about 24,000BTC was raised in IPO. According to my calculations investors will get at most 10% of initial investment.

I thought DeadTerra learnt his lesson with his Gamma fund that you can't trust other people's money to people you don't know or trust. Last time he got very lucky with AsicMiner shares and was able to recoup losses.

This time he took and lost much more of other people's money. Its's over 13 million dollars that he lost at today's exchange rate.

2% at most.

It will be about 10% if they pay out all the bitcoins they made and will make with mining.
Bananery
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June 04, 2014, 03:48:04 PM
 #1887

This is such a failure. Total of about 24,000BTC was raised in IPO. According to my calculations investors will get at most 10% of initial investment.
I thought DeadTerra learnt his lesson with his Gamma fund that you can't trust other people's money to people you don't know or trust. Last time he got very lucky with AsicMiner shares and was able to recoup losses.
This time he took and lost much more of other people's money. Its's over 13 million dollars that he lost at today's exchange rate.
It was an investment.    When the terms were posted it was pretty clear it was an expensive group buy (basically) the also provided hosting.  But, the hook that made it somewhat interesting was that the buy would be first in the queue.   And it was.   Everything just arrived WAY too late for anyone to make money.   If they got these in October, the story would have been different.   If bitcoin price does not keep going up, the cost of the hosting is going to exceed the revenue from hashing some time this year.   
It sucks but whenever there is an investment where you can make "rents", you can also lose all your money.
there is no easy money in life.

DeadTerra collected about 24,000BTC that people trusted him with. It wasn't a group buy, it was an investment managed by DeadTerra. He failed miserably by giving all the money to very untrustworthy people whom he barely knew.
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June 05, 2014, 06:15:01 PM
 #1888

Hi.

I have just a short question:

I received that e-mail considering my ice.drill ASIC shares and that they will be transferred to cryptomex.io.
I filled out that cryptomex.io form and sent it back to them.
I registered to cryptomex.io (with the same e-mail adress that is listed on https://www.icedrill.io/account/) - it says I have 48 shares

but I can't see any shares on cryptomex.io in my account.
How do I get them?

Thanks for any help / advice / information.
kleinessteak
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June 07, 2014, 10:54:04 PM
 #1889

hey Will, can you share with us the eta of the next divident payment?!
And what about the ~600+ BTC?

a2offrb
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June 08, 2014, 02:31:02 PM
 #1890

Sunday now. No shares. No divs. No new info. Nice  Angry

]–]  Announce  ]–[    RAYS NETWORK    ]–[  Whitepaper  [–[
A Blockchain Based On Customized DPOS And Bulletproof Protocol
[–[   RISE WITH RAYS   [–[  Telegram  |  Twitter  |  Facebook  ]–]
_mr_e
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June 08, 2014, 05:37:06 PM
 #1891

You guys sure as hell better not still be mining on ghash.
raskul
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June 08, 2014, 05:41:35 PM
 #1892

You guys sure as hell better not still be mining on ghash.

should never have left Oz in the first place. fools.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
Bananery
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June 08, 2014, 07:56:32 PM
 #1893

You guys sure as hell better not still be mining on ghash.

should never have left Oz in the first place. fools.

Yeah, I know it was good luck, but they mined on ozcoin like crazy. From super lucky on ozcoin to bad luck the moment they left. Should have stayed at ozcoin.
molecular
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June 08, 2014, 09:43:22 PM
 #1894

You guys sure as hell better not still be mining on ghash.

+1

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Dexter770221
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June 10, 2014, 08:20:00 AM
 #1895

Another 35BTC? What happend to 600(450)?

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
kleinessteak
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June 10, 2014, 02:05:42 PM
 #1896

Another 35BTC? What happend to 600(450)?

Yes, please elaborate Will...  Undecided
Dice
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June 10, 2014, 03:13:22 PM
 #1897

Hey Will and DeaDTerra or anyone else for that matter.

Is there a place to track the court hearings? I know someone posted an audio bit last time, however I believe there was suppose to be another hearing taking place a week or so back, is there any new info here?


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June 10, 2014, 05:31:53 PM
 #1898

Is there a place to track the court hearings? I know someone posted an audio bit last time, however I believe there was suppose to be another hearing taking place a week or so back, is there any new info here?

If you want the information direct from the source the way to get it is to sign up for a Pacer account.  That is where all the documents and audio of the hearings get posted.  The main case number is 14-30725 in the US Bankruptcy Court for the Northern District of California. 

You can also some times find things on archive.org but you would have to wait for someone to get it out of pacer and put it there using recap.  https://archive.org/details/gov.uscourts.canb.522575

The latest status is that Hashfast has filed for Chapter 11 Bankruptcy and the next hearing is June 27th
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June 11, 2014, 12:15:12 PM
Last edit: June 11, 2014, 03:20:53 PM by TheSwammi
 #1899

Hey guys, whats going on with funds withdraw requests from CryptoMex? I initiated a withdraw over 24 hours ago and it has not been sent. Are you still processing them manually?

Are Monday's when dividends are being paid out? I've received 2 small dividend payments 2 weeks in a row thus far.

Also, what's up with the minestate? Why have half the machines on https://www.icedrill.io/minestate disappeared? I thought we were supposed to be adding hash power, not reducing it over time.

Will and Terra, you need to speak up!
TheSwammi
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June 12, 2014, 12:05:49 PM
 #1900

48 hours and still no payment  Embarrassed
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