Service status update

We are currently undergoing a planned migration of our hardware from one data centre to the other. Some of you may have noticed the drop in hashing power on the mining pool recently. Customer earnings for the next few days will be considerably lower than expected until the service is fully restored however we will be fully compensating all customers for this process using our excess capacity. We will be paying customers in bitcoins for this delay later on this coming week. We expect service to be fuly restores early this coming week and apologies for any inconvenience caused.

That is the management fee yes.

I'm Not marty but
http://i.imgur.com/usYwUpk.png

The new website is awful as it is. Once I had logged on to the site I had to use ad block to remove a navigation bar that was blocking off all of the register username section. Once I had done this I got though to what is supposed to be the main page and clicked on profile settings to change my password to one that was not auto generated. This was much more annoying then it should be. There are two boxes that are relevant to changing your password on that page 'Change Password' and 'Confirm Password'. I put what I wanted my new password to be in both of those boxes and pressed update. Nothing happened. Assuming I had done something wrong I guessed that the Confirm Password box was supposed to say Confirm OLD Password as most websites require you to enter your old password to confirm changes to your account so I tried that. Nothing happened. I reentered my info into those two boxes both ways several times and never did the site change so much as a pixel. At last I tried logging out then back in to see if the change had taken place or not and to my surprise it actually had. I have no idea which way of entering my information actually changed anything but at least something was changed.

After this I decide I want to withdraw the bitcoin balance which I had accrued and lock my bitcoin address since there is no option for two factor (Though I would probably lock the address anyway). I enter my address, tick the box which says 'Lock Bitcoin Address' and also fill in the correct timezone and set the minimum 'Autopayment Threshhold' to an amount well below my current balance. I then try to update this while also putting in my new password into the 'Confirm password' section as well as on other attempts where nothing is entered into that box. Every which way I do this however it does not lock my bitcoin address at all. Not only that but you would have thought that entering in a minimum payout threshold below your current balance would have resulted in you being payed your current balance or at the very least the threshold value straightaway.
Spoiler Alert! It doesn't.

Sort it out.

Could you keep us informed of how that goes? I want to see how they handle something like this.

http://blockchain.info/pools

The unknown section of the pie chart has grown enough to include cloud hashing in the past few days but there is still no evidence of them actually hashing.

According to their twitter account (https://twitter.com/cloudhashing) "Now mining for all contracts. Newsletter to follow soon. Please bare with us while we set you up with the pool and payment system."

I do believe that you are doing your best to get the ASICs up and running but in the future could you avoid using countdown clocks and the like if you are anything other than 100% sure that you will hit your target. To my mind the negatives of counting down to a deadline like that out way the positives, especially when dealing with bitcoin mining where it seems delays are guaranteed. I think that announcing things though your website, this thread or both at various stages of the process (Conformation of Order, ASIC arrive on site, ect) would be much better at giving insight in to how things are going and lead to less disappointment.

It's when they intend to start.

Be completely honest, how likely is it that the September contracts will be hashing by the time that the timer runs out?

Well we can finally say that calling them September contracts is just not true at all.

I would be beyond shocked if that was anything other than someone trying to troll.

Try a different browser.

Working fine for me.

Depending how large your holding is of ACTM you very well might not be able to get your investment out without taking a decent sized hit so I hope that you are taking that into consideration when looking at buying into other securities. Secondly while I can't think of many better places to get advice on BTC investments you will be getting a lot of recommendations based on very little knowledge of what works at least in a traditional markets and most likely people trying to get you to buy into whatever they just bought into.

All being said and done however I would also be considering looking into of the the securities which offers fixed payouts such as this or this.

Partly why this is believable as any deception would be relatively short lived. I wasn't trying to cast this claim into doubt though but rather I was trying to give a more general warning against someone trying to inflate or deflate the price of a security with no evidence.

I don't doubt you but it is important for people to remember that anyone could have said the exact same thing with zero actual positive information who just wants to pump the price up a little bit more. Again I have no reason to disbelieve you but i urge people to not react on unconfirmed news even if it is news you want to here.

One person gets something expensive for less while the rest get nothing and are out of pocket.

You mean 220,000 I am guessing.

That's how it works quite often.