[BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) - page 38.

flamingleg

newbie

Activity: 14

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Quote from: wisard on April 14, 2014, 08:30:07 AM

Quote from: DeaDTerra on April 14, 2014, 02:10:48 AM

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.

WillMilk4Coin

member

Activity: 83

Merit: 10

Quote from: int03h on April 15, 2014, 04:16:56 PM

Quote from: WillMilk4Coin on April 15, 2014, 04:11:20 PM

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.

int03h

full member

Activity: 532

Merit: 104

Quote from: WillMilk4Coin on April 15, 2014, 04:11:20 PM

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

member

Activity: 83

Merit: 10

Quote from: Flashman on April 15, 2014, 03:34:21 PM

Quote from: dunchy on April 15, 2014, 01:17:02 PM

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.

Quote from: Flashman on April 15, 2014, 10:48:33 AM

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.

cedivad

legendary

Activity: 1176

Merit: 1001

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

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Quote from: dunchy on April 15, 2014, 01:17:02 PM

Quote from: int03h on April 15, 2014, 10:43:21 AM

Quote from: Flashman on April 15, 2014, 10:34:20 AM

Quote from: DeaDTerra on April 14, 2014, 02:25:21 AM

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

lenny_

legendary

Activity: 1036

Merit: 1000

DARKNETMARKETS.COM

Why dividends still haven't been paid to investors? Angry

dunchy

sr. member

Activity: 299

Merit: 250

Quote from: int03h on April 15, 2014, 10:43:21 AM

Quote from: Flashman on April 15, 2014, 10:34:20 AM

Quote from: DeaDTerra on April 14, 2014, 02:25:21 AM

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 ?

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

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.

int03h

full member

Activity: 532

Merit: 104

Quote from: Flashman on April 15, 2014, 10:34:20 AM

Quote from: DeaDTerra on April 14, 2014, 02:25:21 AM

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

hero member

Activity: 518

Merit: 500

Hodl!

Quote from: DeaDTerra on April 14, 2014, 02:25:21 AM

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?

lenny_

legendary

Activity: 1036

Merit: 1000

DARKNETMARKETS.COM

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

dplusf

sr. member

Activity: 258

Merit: 250

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.

rtt

newbie

Activity: 48

Merit: 0

Quote from: cedivad on April 14, 2014, 02:57:55 AM

Quote from: DeaDTerra on April 14, 2014, 02:25:21 AM

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. Sad

juicejoyce

legendary

Activity: 882

Merit: 1001

Quote from: Hoofprint on April 14, 2014, 09:13:30 AM

Quote

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.

Quote

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.

dunchy

sr. member

Activity: 299

Merit: 250

Quote

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.

Hoofprint

full member

Activity: 428

Merit: 100

Quote

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.

Quote

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

wisard

sr. member

Activity: 272

Merit: 250

Quote from: DeaDTerra on April 14, 2014, 02:10:48 AM

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?

juicejoyce

legendary

Activity: 882

Merit: 1001

Quote from: DeaDTerra on April 14, 2014, 02:25:21 AM

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!

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: drawingthesun on April 14, 2014, 03:09:02 AM

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.

Topic: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) - page 38. (Read 378671 times)