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

[TheSwammi]

72 hours... Did you guys go on vacation? 

[paul3]

An answer from will oder terra would be nice. I hope I won't see Icedrill here https://bitcointalk.org/index.php?topic=643178.0 -.-

http://www.icedrill.io/minestate still only ~60 machines running.

[stevenroose]

I still don't understand why Will and DT are acting like this.

Ok, HashFast completely screwed IceDrill up, we all know that. But if IceDrill's management would just be honest with us about the situation, they could've been able to end this on good terms with us. We are reasonable people, maybe we could even help them find the best solution to try to reduce the losses for all of us.

But, what they are doing now is just trying to reduce the damages for themselves only and leaving us with nothing. They try to make as much expenses as possible and launder as much of it into their own pockets, because IceDrill is FUBAR anyway. And we can do nothing but watch them do it while once a week Will comes over here and tries to make is stay quit by telling some "good news" and "advancements" they made.

I don't have the tiniest bit of respect for people like them and I don't expect to see even a fraction of my initial investment back from this.

[Minor Miner]

Honestly Guys,
We all can do math.   The investment is somewhere around a 90% loss (on a btc basis).    The best thing you could do now is sell off those miners, get out of the high $ co-location contract and divide up the BTC left.    If DT and Will own a bunch of the shares maybe they should get diluted amounts of the bitcoin left so some of the investors get a little less of a loss.

Personally, I am not even sure you have a claim against HF since you already received your equipment (albeit late).    Maybe someone should research this a bit to make sure how the court looks at someone that got what they paid for (but late) vs. people that got nothing?    That is hard to figure out and I am sure the answer will not be simple.

[Kushedout]

Hi All

The first reward assignment process has been completed.

A few things to note:
1. This 1st reward payment was for 31.64556962 BTC: 0.00000241 BTC/PU.
2. We need to ensure the processes work as planned in production. Please consider this first reward assignment as a test run, we've done a whole bunch of testing in dev and backend and checks and balances are in place. We'll do another once all the new processes are confirmed working as designed.
3. Current PU claims @ cryptomex are for 7744318 PUs, 59.04% of the total. The previous total claimed/verified @ icedrill.io was 7155150, about 54.54% of the total.
4. The cryptomex team will get back to us on the expected withdrawal processing times, we'd like to keep a close eye on things for this 1st run.
5. The delays were due to a potentially confusing UI display caused by the direct backend assignment process. It needed sorting before the assignment could be done. This was entirely my fault, I let the Hong Kong team know too late in the week for the adjustment to occur before the weekend.

Have you ensured that the process works since you have ran at least two tests payments?
If so, when are you planing on sending remaining coins?

I can also see that both of you, DT and Will log on to the forum almost on daily bases, why don't you answer some of the concerns that the investors have? Including the one in regards to the decreased hash-rate.
I remember you guys were very quick to reply when funds were being collected.

[dunchy]

An answer from will oder terra would be nice. I hope I won't see Icedrill here https://bitcointalk.org/index.php?topic=643178.0 -.-

http://www.icedrill.io/minestate still only ~60 machines running.

Unfortunately that thread is the true face of our bitcoin revolution. SHAME. Up to now almost everything was a fraud. And these two pricks will be listed there in a matter of months.

Greed drained so much energy and value from the community it's a miracle btc still exists.

[_mr_e]

I DEMAND A SHAREHOLDER VOTE TO JOIN PETAMINE!

http://www.reddit.com/r/Bitcoin/comments/282j4m/petamine_1150_ths_is_considering_joining_p2pool/

If we cannot make our return on investment for this failed venture then we at least need to point what we have at protecting the network and keeping the value of our remaining coins high!!!

[Hoofprint]

An answer from will oder terra would be nice. I hope I won't see Icedrill here https://bitcointalk.org/index.php?topic=643178.0 -.-

http://www.icedrill.io/minestate still only ~60 machines running.

i reported them to that thread if Terra and Will, cant be bothered to give to shits and answer a few questions on this tread.

while im bored waiting for an answer might as well cause them some trouble 

[dgray9000]

Will or DT will/can/are you going to explain why my withdrawal requests were denied?

Also, for the deposits, what's with the that second ridiculous number?  It's out to 20 decimal places wtf

https://i.imgur.com/OW1oaQz.png

[pmorici]

Will or DT will/can/are you going to explain why my withdrawal requests were denied?

Mine looks the same way I initiated a BTC withdrawal request on June 10th (4 days ago) and nothing has happened.

I'll also voice my concern as others have pointed out about the low hashrate.  I think we need an independent party to go in and make sure all the equipment that is supposed to be there is still there ASAP or lets get a live webcam on the equipment at least.

[molecular]

I have basically writte off my investment in icedrill. I don't think any substantial BTC are going to come from it for me...

So if I don't get any ROI, at least tell me the money went to a good cause and you guys are mining either solo or using p2pool.

Where are you guys mining at?

[kleinessteak]

What about some Updates Dead / Will?! It's been a while... 

[pmorici]

What about some Updates Dead / Will?! It's been a while... 

Can anyone confirm a successful withdrawal of the dividends that were paid through cryptomex?  Because this is starting to look like straight up scam.

[will]

Operational update:

Legal track on bankruptcy claim is coming along, though not as quickly as I'd like. Will try to accelerate, depending on requirements. There are six of us working through it, all people I respect and who don't care about disagreeing with me as is often the case, which I prefer.

Some networking going on in location 0 at the moment, one of the large stacks "l0.charlie" is out of external monitor range at the moment. It's mining @ Guild according @ internal monitor. Should be back up @ minestate soon. Live webcam not a bad idea actually, will ask tech to look into it and DC if they'll allow it. Should be ok, as long we don't show other ppl's stuff.

CMX withdrawals aren't being denied, might just be slow on the processing. Will check. Funds_sent = N means it's not processed yet. Have sent automation code over, the CMX team needs to harden it in its control-environment.

Keen to get a financial report out for end of June, so kicked off that process.

[pedrog]

Contrary to popular belief, I thing you're making a good job, we're all in the same boat, we've been fucked.

Thanks for the update.

[a2offrb]

But still no answers about coins mined before cryptomex opening.
Also what about dividends for the ones, was not registered on cryptomex on time of last divs payout?
Are they shared between registered, or they are waiting for registration or?

[will]

Everything that is in the wallets qualify for a reward payment. The mined coins are still there. I just need accounting to give me a solid go ahead on what would be the best way to move forward with reward payments (how much & how often). The basic idea is to enable trading at around the same time the new financial report is published (end of June). New KYC docs (less invasive) should be in play this week.

The two initial reward assignments were token amounts (~$20k in BTC each), mainly to test whether the end-to-end process works as designed (apart from the decimal issue which needs fixing, it does), as well as checking whether the retroactive assignments (unclaimed shares claimed after the fact) work. Though it's code-complete (deterministic) I've not yet run the retroactive assignment. Will communicate better on this process when I run it.

So far, other than the complaints about non-instant withdrawals, is there anything that needs addressing? I saw movement on that specific issue earlier today so it should improve henceforth. I have a weekly call with the cryptomex team on Tuesdays, I can bring it up then.

But still no answers about coins mined before cryptomex opening.
Also what about dividends for the ones, was not registered on cryptomex on time of last divs payout?
Are they shared between registered, or they are waiting for registration or?

[_mr_e]

So far, other than the complaints about non-instant withdrawals, is there anything that needs addressing? I saw movement on that specific issue earlier today so it should improve henceforth. I have a weekly call with the cryptomex team on Tuesdays, I can bring it up then.

Yes, get us off of ghash and onto p2pool asap please.

[TheSwammi]

Please change the session idle timeout for logged in users! Every time I login, see nothing is happening, browse the Internets for a few minutes, come back to CryptoMex and refresh, I have to login again. I understand security is a priority but this drives me crazy! Perhaps a "remember me" option?

[dropt]

Contrary to popular belief, I thing you're making a good job, we're all in the same boat, we've been fucked.

Thanks for the update.

Yeah, we've, as in you and I, everyone but Will, Terra, and whatever other shit-dick is involved with this failure certainly has been "fucked".

This whole thing is a massive show of incompetence and I hope its failure follows Will and Terra for eternity.