Post
Topic
Board Securities
Re: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast)
by
29750f0e1c2fbb3bb
on 24/12/2014, 07:43:51 UTC
Christmas are comming. How about some news? Is hardware hashing at new location? What are the plans for next year? New generation of 10 times more efficient hardware is comming. I think is time to start reinvest in those, then maybe in 2016 we will see some dividends...

The payment for 1/15 has been compiled and submitted to Willem. The following addresses have confirmed their claim:
Quote
1BB7JybGgtKBcU2mUKMaLZEmL8Qq4ooWtL
168RdndVwHT4oHRxiPHatRaJ5F694iKJAX
16Jvm2o4rkooT72FsCvKkhthjqJJ4WmkVY
1P8XSWnwWxQqLnR7QQVGbHHvmQiDUtXhZn
1546yzKWH8igztdfFQys2uomtCFgy2n65W
1HBMibomkT1N3jYijszGQLzG8ZUnXG2SfG
13NbNBhTtUeuCTFXE6XfqkZ57kbrsMEMmp
1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL
12KpMMRgiESCoHGh72ijsfGGpNavb2HLTw
194rVZb4odnuFszPwqTkQw6kDgtVq3qanE
1AUWADavG9ay4Y3EusjmcvxseE5kGsJbxw
14EDytfcek72eke3LxQ4THaYWebBuY6yyH
1Ji6RWCLiBDK4mJx5szy8XBiSV3h9feRfr
1JpWLrVjivNUC7o2oPNxHmTFsJ21Bn5y7z
165QoG8JRzJggtbM9LuZjPDaBBZf5xL1tM
19Dn8FM2pwBvAKUuGoYhpWYs6iui2t3t9n
1P9gACE7psYhzhveBJXDG4p7oPnWixqPjs
1BkRvttADttQj4MiZxvvhCMekSe8PyFxjG
1MrCoinvNxc7cjhEyVtA1UGGK9oYgLiVFs
1NCkricmEkpwiBSkhVL5fN3oZXXNEPCUHo
1NRi3MXPoPJujKSdknoZPFNewsWp7qnHs
196twf3AbUNqGVd2dj9AUP5Fb6KY9kLkit
1K681W8p3f93jk4Lkm4txijfctfUttgRG6
1NnWGiGh82R9ZVP4HrWWfANoX9Z9HB3aJs
12hv7UcFgrBWLjWs5McPYP63Yza6ufT6Sw
1Lspg3jjtJqg5BzSRrTJrKM1ioPUSMBEqp
17iHGR6bLMhBeghJUa1gcChz9H2ZhWEABC
15x6dVyAJSXeH897dJ3cgF7Wf7CekeZmgj
1Xdc9KwMw6FFWScwZmBK4hUT8fHQGQG6F
196UEUwxBTjn1kXhDrn7YfXWy1qzDyA1sX
1BSrHJJ3Efp8Jk9sbwgV9Wi6qVoLCiMeo
1LzpRBTsjm9hZJYwrrjcUjeDMnZqwJphYc
18kTYvDAso4esZrGV3HiCDmRNTnZbzA3rG
1LeLvKV11GvhHngki7XAAxq7cvdAAu9bME
1LEM1RTXzQ4Rc9vGPpeVNr48vb3uRiFQsF
1MCtCmPZLApnGxL1c1ZqyHwThA6okJ1mF2
1HXs21fipPASPG4nBGbZkWkUwKaKefgZ28
1QFmHvwkcxeFXNRsWUwhAeLMGLmRawsHhk


If you find your address in the above and you didn't receive a payout, this likely means that your #shares don't meet the payout minimum of 0.01 BTC.

The migration is currently being finalized. ~40 TH/s has been migrated in 10/14. ~100 TH/s has been migrated in 12/14 and is currently being redeployed at its destination. ~13 TH/s (11 units) have been liquidated in the process for 1.2 BTC/unit. Until recently the hashing power has been mining a pool maintained by IceDrill. However, for the time being it's been decided to mine the eligius pool to provide a level of transparency and benchmarking. The mining addresses are:
Quote
http://eligius.st/~wizkid057/newstats/userstats.php/1GXsP354n8iM7Zq13hCCEmusGy4Mvz9vo3
http://eligius.st/~wizkid057/newstats/userstats.php/1EvXR5e8SzGbKSV4rQtbowSka5xGJj433d
http://eligius.st/~wizkid057/newstats/userstats.php/1CHvUgFHGmhtuioPZhdRGa72saQ35dwBPM
http://eligius.st/~wizkid057/newstats/userstats.php/1B5GRhgFDeKiTpJgVhwsht95jyjjGXYibv
http://eligius.st/~wizkid057/newstats/userstats.php/1KrAn4W3obRHHSSDNBQuB158iNy4Y5BmtC
http://eligius.st/~wizkid057/newstats/userstats.php/18HtEx8xZbz7Nu4Hh5i8sgG2DjuESByvfE
http://eligius.st/~wizkid057/newstats/userstats.php/1L5GxYpJg6YLDkUGvbzmQkPBNavpDdWi31
http://eligius.st/~wizkid057/newstats/userstats.php/189LtUH24JL6zT95MffeeiQAnRAU2HSFUP

http://eligius.st/~wizkid057/newstats/userstats.php/172LQX9yxmoXkh5FCPDYPeA5ZWsNfm8Bpe
http://eligius.st/~wizkid057/newstats/userstats.php/1J1WB4LxdKwR7Y3cSEYLDbYk16xiHa9ivp
http://eligius.st/~wizkid057/newstats/userstats.php/13iLD5XXb5Uevn2dhTvBxr7U7pHQo8Vv8Z
http://eligius.st/~wizkid057/newstats/userstats.php/1CLaToSwJg5aD9LsNzDejL2rch4zBHxzeM
http://eligius.st/~wizkid057/newstats/userstats.php/1P8jD38GgKo3Eqh3ZFLJZu3u9WDaTVku8E
http://eligius.st/~wizkid057/newstats/userstats.php/14hpcZG3yhBXxo1aNqp8Vsrf8NQGyiz2xc
http://eligius.st/~wizkid057/newstats/userstats.php/1NEbsaumjnUxxeE7PU4EtGtzg3M8J8ZvEt
http://eligius.st/~wizkid057/newstats/userstats.php/1AtKragwXt9HqSkWquAZzwNgdknjcPyfuU
http://eligius.st/~wizkid057/newstats/userstats.php/1JshHH69ATjQbpWeNNkUWdX5GSEvBQ6gNC
http://eligius.st/~wizkid057/newstats/userstats.php/1PA4HCT5wXD9j76ZZjyLweCdbyayGHRzWe
http://eligius.st/~wizkid057/newstats/userstats.php/13hdMb2c92KfbJjdmBZ5xZ5mZExjLguYK2
http://eligius.st/~wizkid057/newstats/userstats.php/1JcrqPyKDKbCCKHKWdEgYGpTvZiuUQBFMp
http://eligius.st/~wizkid057/newstats/userstats.php/14at7nBEA77iq7FonZ8SvRMkX1V7vgTKpa
http://eligius.st/~wizkid057/newstats/userstats.php/12eHXUQrg4U54cHbzKT7eS2RwiG7YRrQ8U

At the time of this writing the combined hashing power is 44 TH/s stable + 62 TH/s increasing. It is expected that the hashing power increases to at least 120 TH/s within the next few days. The failure rate of the HashFast miners is causing the operator to have a slower than usual deployment. However, he is optimistic that miners can be brought be slowly to maximize value to shareholders. Most of the miners are suffering from thermal issues, some of them have board power failures. The first milestone is to recover the cost of migration. The second one is to recover the opportunity price for the hardware at the time of recommission.

A detailed report on IceDrill has been postponed due to the required focus on getting the migration underway. Other delays are caused by inconsistent book keeping, causing the corresponding items having to be manually verified. Since nobody is actually getting paid for this work, the progress is naturally slow.

There are currently no plans to reinvest any funds into mining equipment. Priorities for the next year is to set the books straight and get the cryptomex payments consolidated with the current payout scheme.