Post
Topic
Board Securities
Re: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast)
by
DeaDTerra
on 08/04/2014, 13:19:59 UTC
Just an update from our side:

We've switched away from solo mining for the time being, and are spreading our hashrate equally between the three largest pools: btcguild, ghash.io and f2pool (discus fish). The change was made about 36h ago, shortly after we mined our 5th solo block.

Small IceDrill mention here: http://organofcorti.blogspot.com.es/2014/04/april-6th-2014-weekly-hashrate.html (great blog, if you're a miner it should be on your list of weekly things to read).

Payout target for f2pool: https://blockchain.info/address/1NJNrRgQL9VDkd78HHDBukoayfcdEy7nwU

sorry to be blunt, but you look like bumbling fools. ramping up, ramping down, going solo, changing pools, testing variance.
this is investor money you are playing with, or have you forgotten this?

they are all excuses to hide a hefty portion for themselves so we only see less than half for ourselves.  it's called embezzlement.  
The reason why we switched back from Solo-mining was due to that we didn't have enough of the network mining power and hence had too high of a variance.
High variance is bad for operations as we still have bills to pay that come every month, independent on how many blocks we have solved that month.

You can follow both the Hashing power trail and well as the Bitcoin trail, it is all transparent due to the nature of Bitcoin.

//DeaDTerra