Topic: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) - page 42. (Read 378562 times)

Nope, you got them all. Just ensure you follow the [change received/unspent output] addresses when doing a tally of the funds held (each address represents a separate wallet). You're about 32 BTC short for the total, according to my records (533.81535819 BTC).

Did I miss any mining address?

There are good arguments for and against this sentiment. I (for one) think an open discussion/Q&A would be a refreshing additional communication-channel. It being conducted by an objective, informed, eloquent person like yourself could work. If it doesn't work, we can simply stop.

Hi

Stabilization and RMA is ongoing. Hashfast has been very accommodating with our requirements on both fronts.

We've currently in the middle of a solo mining test, using the new gbt cgminer upgrade work which we initiated (see: https://github.com/ckolivas/cgminer/commit/f113a25ff79a171240512b3791da1fb64f50b14c). We started early live testing on Thursday, and the test started in full on Saturday night (CET) and has been running for about 30.5 hours now. Block rewards are sent here:
https://blockchain.info/address/12ej4RUwoszmQoKYyFg6Ej27L82xhFS5Ao
(2 blocks solved at the time of this writing, both of which were found within 12h of the switch). We'll keep a close eye on everything over at least the next 72h and decide where to go from there.

As always, the minestate monitor (https://www.icedrill.io/minestate) is unaffected by pool/target switching.

We've left ~10Th @ ozcoin for the moment.  Just to be clear: Graet and Blaksmith have been a huge help throughout all of this stabilization work @ #cgminer-dev. The decision has nothing to do with "moving away from" and everything to do with "moving towards" the new target.

We started mining from a 2nd location as the current one is starting to approach its power/cooling limits, though we do have the option for limited (minimal setup cost) expansion there. New/alternate DC selection is ongoing and we're making good progress on that front. We'll be deploying a small hosting agreement (contract executed) into the new location over the coming days.

Will

Hi Will,

How are the stabilization of chips going? I've been closely monitoring the ozcoin top 20 and i see we are slowly reducing the hashing power there? Is this a result of moving hashing power to a different pool/service (which one?) or are we experiencing some dreaded bad chips again?

Also more importantly we'd all like to know whats the status with HashFast, things are rather grim because of their delays, have any advancements made on this front?

Also you mentioned a week or more back that the faulty units were sent back to HashFast. Have new units been delivered to replace the faulty ones?

We'd all appreciate some more news.

^The cow gives milk over its lifetime, not all at once.  You'd be stuck buying the miners piecemeal, requiring long-term contracts with ASIC manufacturers to buy @ ~wholesale price.  It gets messy.

Yah, but we way overpaid for the first cow, getting cows now for a lot less than that should be doable.

IF we were to go that way, I'd say AsicMiner 40nm hardware looks most promising for $/Gh and rapid deployment at the moment...


Edit: this MIGHT be the guy we could talk to about that... https://bitcointalksearch.org/topic/m.5837486 he might need $$$ to get a big enough chip order in, and can do the boards... but yah, could be another 3 way clusterfuck.

1.  Buy milking cow.
2.  Realize selling cow's milk won't cover the cost of the cow.  Ever.
3.  Invest all the money from milk sales into buying another [fraction of a] cow.
4. ? ? ?
5. PROFIT!

I see reinvesting 100% of revenue as the only way out of this shit hole. Problem is (besides It's against IPO conditions) that it's becoming impossible not to be screwed over multiple times when buying any asic . ...

Hashfast are looking a little desperate, despite all the $$$ they took at premium prices, and for all we know cashed out the coin at the top of the market in November, word is they are sinking and are doing dodgy deals (i.e. selling miners out from under pre-orderers for cash) check out the 400Gh announcement thread, last 10 pages or so.

So while I wish will and DT had been super aggressive with them, I'm not sure it would have given us much more satisfaction beyond maybe bloodying their nose.

Though I'm starting to think that we as  the bitcoin community should start handing out virtual "bloody noses" and worse, this kind of shit is getting OLD.

Why the hell haven't we heard anything about negotiations with HF? Why the fuck aren't they giving us extra hash power to make up for all this bullshit? How is this not the centre of the conversation!? All the other questions are fine and dandy but in my mind this is the only one that really matters and can pull us out of this shithole we've found ourself in. So seriously, can somebody please explain what the fucking hell is going on here!?

I actually think someone with a vested interest should do it.   I volunteered because I think Will is pretty sincere but I think there are a lot of things that just do not make sense here (and hopefully could be cleared up by an open q&a).   My largest question (not that I have any business asking for an answer to it) is "what is in this for DT and Will"?   That answer was clear to me at the "ipo" but after the economics changed to such a great extent by the late delivery, I do not see how they will ever make enough for all the effort and pain this is going to be. This outlook would have been a different story if HF had not been so deceptive and actually had delivered in November.   Now, it just becomes a recovery project for everyone to get as many coins back as they can.   
For me, it is just intriguing.   It is interesting to forecast scenarios because the fixed expenses become a problem if the network gets too large without a corresponding increase in btc price.   Since i plan to mine long term and deal with a lot of these issues, I also like to think about them a lot.   The model that dave in the NW is taking seems more sustainable to me (especially for the amount of access you need to these things to get them stable).
As for the need for an intermediary, it does not seem like that many people are really that concerned about things.
Will, you could probably fix most everything by answering about 10 questions that people ask.   
I do not think ICEDRILL is a cluster@#$! like VMC/ActM, I am just not sure of its value.    If I had to guess, I would think the operation is worth around 3,000 btc present value with 6,000 being the high end.  So, when everyone knows they have lost money it becomes an interesting exercise to figure out how to get the most value out of the hand you were dealt (instead of wishing you got dealt the hand you wanted).
   

I have a couple thousand shares, and I'd vote for Minor Miner.  My observation is that he's a generally reasonable and intelligent man.


However, I'm also concerned that the representation may just be another form of interference.  While the team is small and probably has limited bandwidth to respond to all questions - and therefore decisions yet made have no real response - I still have seen this situation degrade into an interference pattern.

*shrugs*  for some reason I trust IceDrill, even if it hasn't performed as well as anticipated (and it pays a lot for power).

Will, or Eric can you answer below questions?


Thx

Exactly this. We don't want to create another crappy situation by hiring someone (new/uninformed/perceived shill) to do public communications. My request for this is simply to help manage the shortage of time-bandwidth we're currently experiencing, even if it's just short-term until things calm down a bit.

Edit: I'm happy for Minor Miner to fulfill this role as he's willing (and able). I'll transfer one of my own shares to him via the icedrill.io backend.

I would be more than willing to collect a list of questions and then call will 2x per week (likely moves to 1x per month after it stabilizes) and ask him though questions.   If Will declined to answer the questions or the phone call, I would just tell everyone that.
Hashfast took a long time PMing people to find willing parties to harass posters because Josh already had a job.   They PMed many forum members before getting someone to "pretend" to work for Hashfast and basically troll people. 
I would like to think this is a different scenario.

sell me a share and I would ask questions for shareholders.   have a MBA from HBS and worked on wall street for 7 years in equities (so I understand the basics of accounting).

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.

+1
I don't see how lying by proxy, HF-style, would help.
Posted from Bitcointa.lk - #TZU94LyCnlG7nPzf

or heres an idea,

buy a small tablet with wifi, then when your doing your morning crap answer a few questions in between wipes.

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.
Its such a simple question it only requires a 1 word answer.
The month payments will start.