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

[IPO Magic]

^I doubt anything you do now would make much difference.  With this sort'a thing, you have to kill it before it lays eggs.

[DeaDTerra]

Thanks for the questions.

I have been talking with Will and the CMX team.
I will give a proper update tomorrow regarding the status of CMX (and the down time), the delay of the payouts, the financial report as well as the current status of the committee.

//DeaDTerra

[lenny_]

Thanks for the questions.

I have been talking with Will and the CMX team.
I will give a proper update tomorrow regarding the status of CMX (and the down time), the delay of the payouts, the financial report as well as the current status of the committee.

//DeaDTerra

OK, we are waiting.

[pedrog]

Bumping my question...

So, Ice.Drill becoming a franchise mine may be a way out of this mess.

@Will, are considering this option?

[molecular]

Bumping my question...

So, Ice.Drill becoming a franchise mine may be a way out of this mess.

@Will, are considering this option?

what's a franchise mine? How would that get icedrill out of this mess?

[Hoofprint]

Thanks for the questions.

I have been talking with Will and the CMX team.
I will give a proper update tomorrow regarding the status of CMX (and the down time), the delay of the payouts, the financial report as well as the current status of the committee.

//DeaDTerra

Its been 24hrs were is the update.

[DeaDTerra]

Thanks for the questions.

I have been talking with Will and the CMX team.
I will give a proper update tomorrow regarding the status of CMX (and the down time), the delay of the payouts, the financial report as well as the current status of the committee.

//DeaDTerra

Its been 24hrs were is the update.

I am waiting for Willem to get out of a committee call to get the latest news then we will post an update.

//DeaDTerra

[pedrog]

Bumping my question...

So, Ice.Drill becoming a franchise mine may be a way out of this mess.

@Will, are considering this option?

what's a franchise mine? How would that get icedrill out of this mess?

https://megabigpower.com/info

AsicMiner also as a similar program.

[will]

Bumping my question...

So, Ice.Drill becoming a franchise mine may be a way out of this mess.

@Will, are considering this option?

what's a franchise mine? How would that get icedrill out of this mess?

https://megabigpower.com/info

AsicMiner also as a similar program.

Yes, we're actively involved in developing the program and making good progress. I'll post a comprehensive update on all fronts this weekend.

[fhh]

will you also solve the problem that shares are not listed on cryptomex?

mine are still missing!

[will]

Hi everyone, apologies about the delay of this post.

Amount of Bitcoin currently held: 720 BTC
Amount of Bitcoin paid out so far: 40 000 USD worth

Update on the committee: As most of the information is confidential until the it is open for public, I would recommend to follow the discussion in the following thread for updates: https://bitcointalk.org/index.php?topic=262052.10300

Update from CMX: The hardware migration is now complete and the platform is up and running again.

CMX is a separate entity and no funds from IceDrill was spent building it. Link here for a description on who's involved with it: https://www.cryptomex.io/cryptomex/about_us.php

Update on Financial report: The accountant is wrapping up the last things and we should receive the report by the beginning of next week. (Please note that the CoinTerra shares will not be included in the report as we are waiting for the new valuation).

Update on next payout: Now that CMX is up again and the financial report is incoming, we will resume the payouts. A new payout, along with retroactive PU assignments and new PUS assignments for recent sign-ups will scheduled for the end of July.

Franchise mine: This is something we are actively working on and where I've spent much of my time in the last few weeks (since committee formation on June 23). The franchise design process is necessarily a bit more involved because we have to work within the context of chapter 11. The design is in an advanced stage and should be with committee for approval soon.

[will]

will you also solve the problem that shares are not listed on cryptomex?

mine are still missing!

I'll do another assignment for new sign-ups next week. Easier to do all that in one go.

[cedivad]

Franchise mine: This is something we are actively working on and where I've spent much of my time in the last few weeks (since committee formation on June 23). The franchise design process is necessarily a bit more involved because we have to work within the context of chapter 11. The design is in an advanced stage and should be with committee for approval soon.

If you gave us some informations about it it wouldn't hurt. And it's not something that it's confidential, either.

Are you gonna invest the 700 BTC in it? How can we invest as well? Cost per GH? Etc...

[runam0k]

Any update on revised KYC requirements for CMX trading?

[will]

Franchise mine: This is something we are actively working on and where I've spent much of my time in the last few weeks (since committee formation on June 23). The franchise design process is necessarily a bit more involved because we have to work within the context of chapter 11. The design is in an advanced stage and should be with committee for approval soon.

If you gave us some informations about it it wouldn't hurt. And it's not something that it's confidential, either.

Are you gonna invest the 700 BTC in it? How can we invest as well? Cost per GH? Etc...

I'm advocating for opening it up to the public (at any scale), yes. And I'm not alone. As for spending some of the current ID working capital on it, it does seem a valid re-investment strategy. But only if the terms are favourable for both the franchisee as well as the creditors. As it stands, we'd probably be on both sides of that coin, so I'm confident  the ongoing work will result in a fair proposal.

[cedivad]

If you were able to impose it to the debtor it would finally be a good news.

[Blazed]

Franchise mine: This is something we are actively working on and where I've spent much of my time in the last few weeks (since committee formation on June 23). The franchise design process is necessarily a bit more involved because we have to work within the context of chapter 11. The design is in an advanced stage and should be with committee for approval soon.

If you gave us some informations about it it wouldn't hurt. And it's not something that it's confidential, either.

Are you gonna invest the 700 BTC in it? How can we invest as well? Cost per GH? Etc...

LOL you would invest more with these guys?  Some people just never learn 

[cedivad]

LOL you would invest more with these guys?  Some people just never learn 

Others don't know what they are talking about.

[pedrog]

For people who might have missed it:

Details of the franchising program:

http://hashfast.org/14-30725.161.6.pdf

[kleinessteak]

For people who might have missed it:

Details of the franchising program:

http://hashfast.org/14-30725.161.6.pdf

What does this mean for shareholders?