Fenix FAQ


Q. What was the Bakewell scam?

The Bitcoin mining IPO Bakewell was launched in 2012. Investors bought in because Bakewell himself appeared highly transparent by making his photo and contact details public, and being very communicative. In the end Ian Bakewell absconded with two Bakewell Mining Avalon ASIC pre-orders, 4000 CAD worth of mining equipment, and mining profits. Property that rightfully belonged to Bakewell shareholders.

Q. How was Fenix born?

By the time Ian Bakewell was revealed to be a scammer, most investors thought it was too late to do anything about it. A very few, including strello, nameface, TradeFortress, and wisard thought differently. They stayed in constant communication over bitcointalk, and fought hard for months to recover the units.

Q. How were the Avalon ASICs recovered?

Effective communication channels were opened with Avalon and the board received assurances the units would be considered the property of Bakewell shareholders if we could provide legal proof of our claim. A legal fund was created and a lawyer was hired to review the case and provide a legal means of acquiring the devices.

Q. How was the name Fenix chosen?

We had many good suggestions for names such as Scambusters Mining and Minewell. However, the suggestion to name the company Phoenix was the one that stuck. The Middle English spelling of Fenix was selected because of its uniqueness.  

Q. How were important decisions made?

Board members of Fenix stayed in constant communication with shareholders and made several successful major decisions based on voting.

Q. How and where can I redeem my Bakewell shares?

Please PM FenixPR for instructions.

Please send your Bakewell shares using the Bitfunder transfer (https://bitfunder.com/transfer) to username fenix, and you will receive 4 Fenix shares in return.

The transfers are being done manually, so please be patient.

Q. Where can I buy shares?

https://bitfunder.com/asset/Fenix

Q. Who is managing the BitFunder asset?

Both the Fenix asset and hardware are managed by TradeFortress (https://bitcointalk.org/index.php?action=profile;u=67058) who is based in sunny Sydney, Australia.

Q. What is the vision for Fenix moving forward?

Fenix board members including nameface and wisard feel strongly that Fenix is a name that will last in Bitcoin mining. We collectively have many good relationships in the Bitcoin business community. The vision for Fenix is to become an elite Bitcoin mining company.


BTC Special Thanks to Everyone Who Helped make Fenix possible! BTC