Bitcoin Forum

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Moderator note: this could be a scam, use this service at your own risk.

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Hashpacks: the easy way to mine crypto currency

What is a Hashpack?
A hashpack is a pack for mining speed (Hashrate/MegaHashes), a part of hardware piece.

What can I do with a Hashpack?
You can upgrade or create virtual workers.

What is a virtual worker?
A virtual worker is actually a mining hardware, its made from hashpacks that you previously purchase.

What can I do with a virtual worker?
Mine bitcoins is the principal task of a virtual worker, it's speed depends on how much you are willing to invest in hashpacks.

Learn more: https://hashrack.com/hashpacks
Get Gigahashes: https://hashrack.com/hashpacks/buy

Update: Tue, 04 Jun 2013 20:43:02 GMT
Estimated Hashrate: 475.5Gh/s
Hashpacks sold: 200

There is no limited number of hashpacks, you can buy as many you want.

this looks interesting!

There is more to come.

Just sold the first 4 Hashpacks

3 -> 500Mh/s
1 -> 5Gh/s

Theres is some orders in On-Way Phase this means, we pre-order some ASIC units before, this is a plus.

This looks interesting.  Might give it a go, but noticed there are several parts of the web pages on your site that are not complete.

Also, after creating an account I do not seem to have the ability to make changes, like set a payout address for example.

About the only thing I could do (after sending some coins to my IBA) would be to buy a hashpack or to change my password.   ???

You can change your password and modify your Payout address, once you login Click on the top right corner (Gravatar icon "Username") there is a menu(Dashboard) then go to payout. or password.

Sounds awesome, and the prices are decent, but where are these going to be mined at? Hashrack appears to be all but dead, and 6.5GH/s isn't going to do much to fix that in upwards of 7 weeks when these come online.

7GH/s in the first ~5 hours, makes me think twice.

Never mind, needed to look closer at the Payout page.  First time I looked at it I thought it was for making a payout now.   ;D

So, pyramining without the bonuses...

So I thought "why not" and pointed my miners at it for now.  We'll see how it does for the next few days.

Since my operation is really small (averaged about 0.015 bitcoins through 50BTC.com each day), I'm not too concerned about just letting it run on this pool for a while.  And if I do get the rewards it's talking about in my stats page, it will be worth it.  ;D

Been trying to get enough together to get some faster hardware, like an ASIC machine from anyone.  Once I have enough and this works out, I'm going to start buying some Hashpacks.  Then when I can start buying my own hardware, like something from BFL or maybe an Avalon.  :)

I could throw a single 7970 at this pool, and double the hashrate. Why would you mine at a pool that would take  months to find a block? And then why would you trust this pool to sell you hashrate at ASIC levels?

Don't get me wrong, I love the idea. I almost bought 10GH/s, until I realized it was 2 months away, and would be hosted at a pool that was basically dead.

So your selling us the rigs ?? till it breaks ? and running it on your side ?? asking for 2466$ for the 50 GHZ ASIC ??

Yes, that's exactly what we do. You can buy it by your own and take care of it.(any maintenance or extra cost that this take). Once you acquire one of this hashpacks you will get access to detailed dialy/weekly/monthly reports, realtime stats... There is a list here: http://hashrack.com/hashpacks

So if i buy from you, where will you get the ASIC from ?? can I buy the ASIC ?? what guarentee's your not a scammer ??
How much GHZ can you supply now ?

Interesting that the stats right now shows only two miners.  Since I'm one of them, wondering who might the other one be.  :)

We did some pre-orders about 2month ago to Butterfly Labs. you can buy the ASIC directly to Butterfly Labs. Our names are display at http://hashrack.com/about . And you can find me at github(pkarc), linkedin and facebook.

Your domain Whois is privacy blocked, and I couldn't trust you with only names and facebook...You should be looking to escrow if you want business.

This sounds very interesting. I'll keep an eye on this thread.

make domain whois privacy protect disable
anyway hashrack.net, hashpacks.net, hashpacks.com does not have privacy protect.

If you need anything else, just ask for it.

Gonna keep an eye on this too. Too bad you don't have any hardware up and running right now or else I'd be throwing some btc your way.

Same here.

Can we get a better description of the "giveaway" part?  I'm not sure I understand how that works based on that part of the website.

Seems like you get part way through explaining it, but never finish it?  Might be best to give a complete example of the calculations and how much each person would get.

gonna give this a try, will keep everyone updated :)

I'm interested but not gonna have the monnay until two month

mining their pool for nearly 2 hours now, hope that block gets found soon :)

Concept is interesting but if you use BFL for your systems can you please clarify a few things:

- if I decided to order a virtual worker then you would place an order with BFL or do you already have pre-orders in ? - you mention in your post having pre-orders but your FAQ says that you place the order only after I place mine >> therefore we could be looking at a 4 months wait between an order placed and the setup of my account with you.

- If you plan on deploying BFL how come your asking price is slightly below what BFL asks for equivalent Ghash Asic?

- Not sure i understand what the little "sun symbol" and percentage is referring to on your hashrack page : 5000 Mhash > 9% - what does the 9% stands for?


>> my 2 cents for now :
- I like the concept (it is basically a hosted solution mixed with a pool - joining the power of my local miners and hosted ones)
- Website looks professional enough despite the few grammatical errors and not working properly on mobile browser (ipad)

- I think what makes most people hesitant, including myself, is that the current total hashrate of the pool is less than one of my GPU rig... A pool is only worth joining once you have enough subscriber, throwing some of your own rigs in there for a start in order to increase hashrate could reassure people that they are not going to mine for weeks/month without any revenue (which is the case now).

Regarding the pool... as I said before, throw some of you own power in there to attract people, nobody is going or sign up for a pool at 800Mhash and I doubt the early adopters are going to stick around too long unless another 1000 people sign up within the next week or so.

I wish you good luck with this but until the BFL are on hands I'll pass, I can understand a few days to a couple weeks wait to have something setup but in current market not going to throw BTC and possibly have to wait 4 months or more until setup.

Will keep an eye on this for now .


>>> EDIT >>>
After posting this I found that you originally opened the pool in February! Still less than 1000Mhash after 3 months - where do you mine Pkarc?

We already have pre-orders, we do this to counteract the times of the manufacturer and deliver the Hashing power you ASAP. The collection phase has estimated times, and these will be shortened over time, in the last 24h we can say that we have passed this stage twice, so we can say that the time we have to wait is about 2-3 days more than the delivery and processing time of the manufacturer.


We assume the difference, that's the deal, if we go faster is better for you and for us obviously. note that, we ordered in quantity,


"sun symbol" Discount per Gh/s

Is not the same buy
10units of 0.5Gh/s = 2.22600000BTC

Than buying
1unit of 5GH/s = 2.02610000BTC

There is a difference of ~ 0.1999BTC ~ 26.58USD

Nearly complete for another hashpack of 0.5Gh/s

i can't connect to the pool,  cgminer 3.1 stopped working

ok it is working now

Still looking for a better description of the "Giveaway" part.....

Really, not sure I understand it, would like to see a complete description and example that shows how much each person gets.

@pkarc, where are the ASCI rigs planned to stored? Is it being hosted somewhere?

The idea is good but the only problem here is the wait time to get the ASCI from the manufacturer which can be months to years.
BTW do you have any refund policy, suppose the manufacture delays the product indefinitely and we would like to move out?

Right, so you don`t actually own any miners yet, you just kinda want people to buy shares of future miners that you have pre ordered or something?

Looking at your pool statistics, the average hashrate is only at 652MH/s. The website looks good though. Good webdesign :)

it's 3.6gh now

Would you mind sharing how much hashing power you had already pre-ordered?

There are ~45Gh/s allready pre-order, and there is a 15Gh/s to order tomorrow morning.

A little quirk, possible bug report?

The pool seems to work fine for my miners so long as I use the GBT/Longpoll port.  If I point them at the stratum port, they will work fine for a while, but will then suddenly no longer be able to communicate with it.  If I stop and restart them, they cannot reconnect.  If I then stop them and switch back to the GBT/Longpoll port, they log in just fine.  Once I've done that I can stop them, switch back to Stratum, then start them back up and they'll work fine for a while.  It takes several hours before it happens again.

I'm using CGMiner 2.10.3 on Windows with BitMoose to run it as a service.

(after starting this reply while searching for what version I was running...) Just noticed that CGMiner is up to 3.0.1 for Windows, and there is a mention of a hotfix in that version for people who can't mine with stratum on Windows.  Think it has to do with something that broke in 3.0.0, but I'm going to get it and give it a try for a while on one of my miners.

Definitely need to get to 3.0.1.  There have been a LOT of changes related to stratum for every version of CGMiner since my current version.

Got 3.0.1 running on one miner for now.  Found some quirks in the process.

Seems older CGMiner would automatically use GBT/Longpoll or stratum according to what port it was pointed at.  New one isn't quite the same, as I had to specifically tell it to use stratum+tcp with the host name for the stratum port, otherwise it just sat there saying the pool was dead. ???

Anyway, got it working now, will let everyone know how it does after a while.

mining at this pool again, i'm afraid it'll take ages to get a block, looking at a possible 0.1 BTC payout now with 158 shares lol :)

And I'm still seeing the issue I mentioned above.  Seems something gets stuck on the server side and the stratum connection quits working for that client/login.  Only way to reset it is to change back to http and GBT/Longpoll connection port, get connected once, then switch back to stratum.

One thing I'm wondering, why don't you guys do like other pools do?  When a client connects to the non-stratum port, redirect the client to the stratum port.

I've sent a little BTC into my account, and it shows up on the 'Balance' page, but is not showing up on the 'Buy Hashpack' page.

What's wrong?

Ive done that too and i think it just needs to be confirmed, so gotta wait it out till its confirmed balance?

Is anyone else seeing this happen with their miners on this pool, especially if you are running CGMiner on Windows?

So far I don't think I've seen CGMiner on my Centos 6.4 server do this, but it's also a different version even than what I had before on my Windows machines.

And I'm seeing this on more than one of the Windows boxes.  I've seen it happen now on three different computers I have CGMiner running on, all different hardware but same OS (Win 7 64bit).

Good to hear that, was the 45 gh ordered this year? Is it already sold out or available as part of the hashpack?
- Can you tell me where are the mining rigs planned to stored? Is it being hosted somewhere?
- And do you have any refund policy? suppose the manufacture delays the product indefinitely and we would like to move out?

Trying BFGMiner 3.0.2 now, see if it's any different.

So far so good, it hasn't lost communication on the two I set up BFGMiner on.

Well, it finally quit again.

Really, am I the only one seeing this?  I know there are others on this pool right now since the stats say there are 7 miners right now.

Now this is interesting.

Two of my workers quit at exactly the same time!  What makes it interesting is these computers are in two physically different locations, different ISPs, using different worker logins for the pool.  Same software and GPU (Win 7 64bit, Radeon HD7770) but motherboards are different (one is on an ASRock with Phenom II, other is an older Intel with Core 2 Duo).

On this computer (the AMD Phenom II), it just plain quit communicating and stopped hashing.  Cycling through starting it with GBT/Longpoll then back to Stratum got it working again.

On the other one, it kept hashing at full speed, but was getting rejects for "unauthorized user".  Cycling it like above got it working again.

There's something wrong with the server-side software on this pool.  Has to be.

Think I'm going back to 50btc.com for a while.  I'll try this again sometime in the future, once they get the bugs worked out.

Why don`t you answer the questions regarding the pre orders/orders on miners you made?

How much does the system "currently" support?

Yes, indeed the pre-orders were made this year, in February and March, and these at first, were requested for personal purposes, but given the reception of 'hashpacks', the pre-orders will be donated to facilitate the process, so yes they are available as part of the 'hashpacks'.

We are adapting a space for the installation and management with adequate cooling ventilation and fire protection. Battery Power Backup with UPS and in the next 6 months will be implementing backup with solar energy and power generator.

There is currently a great return policy, but we claim existing policies of the manufacturers. If in the future the manufacturers did not respond for products ordered, we will all be affected and have to wait for them to give us a solution, otherwise, if manufacturers investment return, we will refund exactly the amount invested by you.


There are no ASIC miners yet, and yes we are collecting bitcoins to buy ASIC miners, the advantages are the benefits you acquire when buying a hashpack, a control panel with real-time statistics, in addition to the support and maintenance of the ASIC, among many others.

I'm probably going to take a small chance once my BTC flow ramps up.  Right now I have a total of 1.25BTC don't want to spend everything I have :D  Probably by the end of the week or next week I have two more 7950's coming in.

a small chance, makes a big difference.  ;)

The system support UNLIMITED hashing power, the thing is that we have previusly pre-order some Gh/s that will be available soon.

If you are looking for long term business/customers you should add these two points in T & A :)

I mean if I order say 2500MH/s does it support it now or it has to wait for the ASICS?

Wait, there is no ASICs mining yet.

It's kinda good idea, prices look very good but then again you ordered from bfl in February and March, you'll probably get your asics around New Year.

Not sure too what incentive you have to offer hashpower at such prices except to cover yourself for ordering bfl :) . Not sure what was the 50GHbfl price when you bought it but doubt it was much less than 2400$ you're currently selling it for.

We are looking closely at your problem, you gave us valuable information and are working on it, hopefully fix this problem this week, will let you know just this fixed. thanks again dwolfman

lol, expect to get your asics in 2014.

At least with the slow shipments difficulty will shoot up but not over night.

hi,

i'd like to buy a 2500 Mh/s piece. But i can't understand some thing:

(these copied from https://hashrack.com/hashpacks/buy)
2500 Mh/s - this is ok, speed.
6.00 % - what is this? fee??
0.9725 BTC  - this is ok, price/piece.
0.9725 BTC - this is ok, price/piece.
0.0124 BTC - what is this?

thy LL

That is discount per gigahash.

Great!  Once you want me to try it again, let me know and I'll switch some of my miners back over to test.

pardon?

there is 2 line what i can't understand, what is 6%? and what is the last "0.0124 BTC" part?

apparently all my estimated earnings are back at 0.000 after being at 0.56 BTC less than 24 hours ago....This looks very fishy to me

I mean:

If your mining with "physical miner" means that you are subscribed to PPLNS (Last number of shares in 24h) payment method. We only use PPS(pay per share) for "Virtual Miners" right now, once the hardware arrives we will start to pay to anyone with PPS method.

ty

and what means the star symbol?

Hello,

Excuse me but I am slow a novice bit coiners and am kindve confused on what you're actually buying, when you buy the "hash packs"

Am I buying that computing power? For how long?

Sorry, if this is a silly question

One payment forever until the hardware breaks, think that a hashpack is mining hardware, if it breaks you have to buy a new one, but we believe that by then you've already re-invested enough that this will not be a problem.

Great site, I've logged time. (user Baazee)
However, in 1Ghs it takes about 1 year 3 months to calculate a block.
Would not it make sense until the pool has reached approximately 25Ghs to mines with a larger pool? (Your forwards the Hashpower to a different pool instead of 1Ghs to operate solo mining)
How long does it take approximately up my ordered Hashpack available? order-id: 0-1-11

edit: I have bought only at the beginning, a 500 Mh / s Hashpack, but will more orders if it works.

+1 for larger pool

Joined the pool with GUIMiner and connected with stratum. It reports 47 accepted but I'm not seeing this reflected in the Workers page. Also current balance went back to 0 despite having 1 valid share counted before. Maybe this is an artefact of that share being over 24h old and PPLNS? Can PM username on request.

This is a great idea. One thing that definitely has to be of concern though (apart from you collecting a bunch of BTC's and disappearing) is how long the hardware lasts until it "breaks." You could certainly just keep recycling "broken" machines until they actually break.  I would only sign up for this if the H/W was guaranteed for at least 1 year.   

I'm not saying you plan to/will do this - just that it should be something everyone considers. 
 

they state manufacturers warrenty, so have that at least...

Personally, im investing a small ammount for a hashpack..its worth a shot, and I can afford to lose it...

Just wondering, if i bought right now, how long would it take to get it set up and running?

Edit: I mostly mean do we have to wait for asics or are you using something else right now?

as you said, We state manufacturers warranty

You will not lose any invest, we will not disappear, we strongly believe in our project, this will be great and very beneficent for everyone involved

You will eventually recover in short, medium or long term, depending on the circumstances and the BTC exchange rate

Yes we have to wait for ASICs.

We are implementing this, so +1 too

please please tell me not BFL's

i have a problem, i forgot the password and requested a new one but the link addressed me to te main page, and now my account is blocked

I think I will wait until asics are more widely available and you get some, but then i will order right away.

Is the site down?  Try to load it and I get "The connection to hashrack.com was interrupted while the page was loading." every time.

Correcting this bug right now, anyway you should change http with https on the password link.

Edit: solved.

make sure that the url is right, it should be http://hashrack.com, http://www.hashrack.com/ , https://hashrack.com. it seems if you type https://www.hashrack.com the message appears

The only one working now is http://www.hashrack.com.  The others still do the same thing.

I like it!

can u give us more information, like browser, OS...

Hey pkarc is there a reason you haven't been responding in the mining pools thread? Just wondering cause you have been active in this one but not your other for some reason.

can you respond to my query above plz....
Are we waiting for BFL's, avalons or other ?

If bfl, I might be after a refund...
if avalon, what batch... ???
If other, which ???

Interesting idea, though I'm not sure how effective it will end up being. I'm going to check this out. I'm not sure I understand how it works completely yet, though I'm still working on figuring it out.

Firefox 20.0.1, Windows 7 Enterprise 64bit

I have a filtering proxy setup to keep the kids away from inappropriate pages, but I switched Firefox to not use it and it still happened.

Just tried again, http://www.hashrack.com works fine.  https://hashrack.com and https://www.hashrack.com still fail with the same message.

I had an idea about how to handle the hashpacks to make the system simpler and faster for everyone. Essentially you buy the machines in as much as you need to fulfill orders for now however moving forward I suggest this plan. Only purchase units that produce 50GH (or more if possible), instead of selling people their own personal units just sell them a percentage of the shares generated, proportional to how much they payed for their hashpack IE
I buy a 5GH, instead of you buying specifically just 1 5GH and handling that, just sell me 5GH worth of shares from the 50GH. If there are any GH left over you keep them for the pool to pay off electricity and buying more hashpacks. This way you can handle not dealing with the long shipping times and still supply people with what they payed for. Furthermore if you buy larger supplies of 50GH (or whatever is max) you will save on money per gigahash and space and electricity thus making it more profitable, efficient and faster for everyone involved.
Now obviously if someone orders a 50GH for themselves this is less profitable for you as a pool in one sense as you can't split it out to a variety of people and you need to order a whole nother unit for them, however you could allocate left over space from various other units IE the shares for those units. Actually if you are just selling the shares then you can just sell anything in between 10MH-50GH as you aren't giving them the literal device which makes for more efficient management of units. You can effectively just count all of the shares generated by your units, calculate how much GH went into making it, lets say per 6-24 hours then pay out to everyone who bought a hashpack based on the GH they purchased sort of like a stock rather than purchasing an actual unit. Again this provides for much more efficient handling of the units as you can buy in bulk, split it into much smaller sub divisions and make the most efficient usage of your hashrate/shares produced. You can also allow people to sell back their share of the hashrate which would be based on how you wanted to handle that personally. Either way I would love to see you implement the system I devised above.
Edit: One more note, for the sake of sustaining your pool I suggest you shift from PPS for the hashpacks to Eligius's Capped PPS with Recent Backpa (http://eligius.st/wiki/index.php/Capped_PPS_with_Recent_Backpay)y in order to never accidentally drive yourself out of business by having to pay the overhead of 100's of GH of PPS which don't necessarily guarantee a block as fast as you would like, you can then lower the fee down to like 1-2% as you don't need the fee to cover potentially bad rounds.

Actually this is exactly what we do. you share an ASIC miner with someone else depending on your hashpacks. We do the math, then we'll give you the profit.

Cool thanks for the reply also I added a last part about the PPS system

BFL. so far.

Hmm I realized that if you end up using the Eligius system that you might as well just use it for everyone or else it will cause either  the pplns to be weird or the hashpacks to be weird.

We are implementing the payment method PPS, once we do this the current method (pplns) shall not apply.

But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.

We'll forwards the Hashpower to a different pool instead. Straight PPS was never a decision to consider.

That unless the circumstances are really adequate and optimal to do so

Could you elaborate on this? I mean what form of PPS are you implementing? And what do you mean you will forward the Hashpower to a different pool instead?

This is precisely what we are working, the peak load is because the software related to the miners is not well connected to the real-time server.

Well that is good to hear that you noticed that, though if you could answer my previous questions that would be nice to  :)

What I mean is that we are thinking As a first step, redirect power to another pool until we have enough to go on our own.

I was not understanding, had not looked carefully Eligius's system. Which is a very good possibility.

Eligius's system is detailed pretty simply here
http://eligius.st/wiki/index.php/Capped_PPS_with_Recent_Backpay
Take a look it is pretty simple and shouldnt take that much effort to implement plus it makes your pool pretty much unkillable from bad luck.

Wow, had heard of Maximum Pay-Per-Share reward system (MPPS) but not this. Start working on this one right now.

well..theprofileth thanks, now we'll have a new reward system.

soooo since bfl is a scam with a never ending shipping date, this is also something that will never come to pass, and we'll all sit at 001 for ever......
I hope im wrong, but im no fan of bfl...

So sorry I am still new to this, but the payment goes directly to my BTC address? or my account and then I can withdrawal?

Awesome I am glad I could be of service pkarc, I hope to contribute to your pool and to our success. I actually ordered a 30GH from BFL and I am pretty low on the order list so when I get it I will be mining here, assuming you follow through on the changes. :)
After you implement the system then you can lower the fee's down and as I suggested before.
With the usage of the CPPSRB you can comfortably set the fee at like 1-2% and then offer entry into the jackpot for an additional 0.5-1%
The 0.5-1% + the transaction fees can go into the pot for the jackpot that way you can it can pay out pretty regularly.
Also to the BFL nay sayers, you are wrong they started shipping 5GH miners recently and a number of people have been receiving them, and they recently got the chips for their 25GH and 50GH set up so they can start testing and shipping those pretty soon.

is there any posibility to get them right away ?

sent money to get 2500mh/s we will see how it goes

what happens then when i reach my ROI ?
example. i buy 20000 Mh/s and that costs me 8.56 BTC. so can i continue mining when i get that 8.56btc back? if yes, how long can i mine with that hashrate ?

From what i understand, you have it until it basically breaks.

my problem is they are waiting for BFL asics, i deposited before reading the entire thread, i did send the money but not purchased a hash pack, emailed them for a refund lets see how honest they are

We have not received any email from you, you could send one again. you can use the contact form: https://hashrack.com/contact

it was send from the contact form actually ill send another one

got my refund on my deposit, they understood the situation, thanks alot to the team

nice...
im in two minds here to request a refund....

one the one hand, I wanted some stake in a big asic miner...on the other id prefer avalon to bfl, and im not convinced bfl will ever deliver :/

All of us are waiting that BFL delivers, I'm sure this has been improving, its not a secret that it took some time during development, but I know they are focused on delivering.

You are gonna need 250gh to 1000gh/s to run your own mining pool.   Right now I just mine slush with my 2.1ghash/s     soon I should have 132 ghash/s hopefully when my Avalons get here :).  *crosses fingers and prays avalons will come soon*

So you are saying that you will be there(Hashrack.com) when you get those Avalons? or I did not understand this comment?

I think he is just saying that you are gonna need a lot of hashing power to be effective as a pool when people start getting their own asics.

I did put 1 ish BTC and bought a hashrack from you.  I also have 110 gh/s of personal hardware coming.  If we're looking good and you follow through, it will all go to your pool. BTW your pre-order will be before mine :) I expect to see all of that online :) before I receive my order :)


I love to see competition in this arena. .. .I also sent you an email through your contact link (pickles) please verify you received it

i feel like im gonna sound like a dumbass here, but can i just buy the hashpaxk from you then have it shipped to my location?

so those hash packs are available now?
can i buy for example the 2,5gh one and start mining right now, with that hash power?or i need to wait your bfl/avalon or whatever to ship?

you'd have to wait I believe

Yes ofcourse, if you have the right quantity of hashpacks to complete a machine, we will send it to you for an extra cost(Shipping & handling), but right now we are writing some statements that you have to follow to make this request. Once we finished writing this statetaments we will publish them on the website.

as evilscoop said.


Just don't believe it, cause it's a fact

We received it, also we like it, (pickles)

could u give me a estimate on how many 500mhs hashpacks I would need to buy in order for you guys to ship ?

I'd take a guess at a minimum of 10, since the smallest BFL unit is 5 GH and it would take 10 of those 500 MH units to make one of those.  :)

More of course for the larger units.  ;)

guessed it! But there are some requirements you have to follow before requesting a shipping, I will publish them on the website in a few days.

why o why would you want to buy a whole bfl via hashrack....would you not just go direct to bfl......?

I hope hashrack add a silly markup on this :D

we are not reselling, we are giving the opportunity to purchase your investment in a different way.

EDIT:

If your want a BFL asic go for it.
http://www.butterflylabs.com/

hey,

what do you think how long it is to find 1 block with 5gh? what we have now ;)

this site is a great idea ! i will support this ! :)

I was wondering if i could just use a credit card to buy from you guys, cause currently i have no bitcoins and i cant find anyone willing to seel me bitcoins when i use a credit card

im not shure on how to read this there is a percentage sign what does that mean the reinvestment into the account to purchase extra hasrate or the % i will be paid or what does that stand for please elaborate on how to read or calculate the profits and when will you reciever the hardware or when will i realize profits when you aquire the asics or instantly.  Please elaborate on how this works and what the %  stands for in the hash buy page.   

any response to the above posting?

what does the percentage stand for when purchasing hashrates is it what % we get from profits or what % reinvests or what is it for please explain.

Think he answered it above, its a saving compared to if you'd bought it all in singles or something.

https://www.virwox.com?r=f275

You'll be able to purchase bitcoins with credit card here indirectly. Overall charge is about 12%.

Well i bought a 500mh hashpack waiting for the mining.

1. what about energy costs you have nothing figured into your equation for what you are charging for electricity.

2. when do you recieve the asics you say 7 weeks tops and butterfly labs says june so which is it sooner or later.

3. what type of gurantee are you offering for a refund if it doesnt work out or i am just waiting until bitcoin is either worthless or hashrate has gone up so far its not even worth waiting for you to respond or whatever.


4.  For taking so many orders on something so important you have no phone number how do you expect to have people trust you with their asics if you have no phone number i mean whithout a phone we are at your emails mercy and you also have no physical address or anything besides an email which is kind of conspicuous.

5. What if you recive the asics and mine with my hardware that i paid for and wait for a month to tell me its arrived.  

6.  how can we trust you.  No address or phone number or any proof other than you website.  which is not even self explanatory.  

7.  You also have no gurantees if something breaks are you going to try to fix it or have me to  just pay for another one.  Am I just to throw my money at you and all you give me is a website with an email and no phone number and tell me if it breaks its on me to buy another one hmm let me thing i can do this myself and pay someone to set it up for me just as well cant i?   What benefits are you offering me as far as trust and service that anyone else cant supply me.  What do you have to gain from this whole thing are you doing it for free.  Whay are you even doing this at no profit to you.  I am not understanding why would someone maintain someone elses asics miner indefinatly where is your profit in the equation and you have not made that part of the equation visible to us.  Why are you doin this what are you gaining from it.  


8. What is our place in line with you or butterfly labs  purchase or something to guage our purchase.  Can  you give us a place in line or an estimate  with our purchase with butterfly labs or from your supplier.

Some good points there, with this being one of the concerns I've had from the very first post.

Well, I took a gamble and bought a 2500 Mh/s... The site is clean and has a good feel about it... gives me confidence in their technical ability, and I just like the concept. I'm also throwing my 650Mh/s of mining power into the pool... what the heck :) The worst that can happen is that I lose a little money.. but the best is that I'm a part of something pretty cool and make some money! So I say the upside outweighs the possible downside.

It's 7 weeks + however long BFL takes.  So it could be 7 weeks from July, or knowing BFL, it could be 7 weeks from July 2015.

I just purchased 6000 megahashes for 3 bitoins approximatly just curious if it takes that long is there any type of refund gurantees if i dont recieve them in 7 weeks or when does the 7 weeks start from today or from july or when?   I just purchased 6000mhs.

Dont worry, this is not a problem for you anyhow I'm charging 3% of each payment, where the cost of electricity is already included


We stablished 7 weeks tops because we thought that the "Collecting" phase would be longer(4 weeks), but we realized that it was shorter and now this phase takes no more than 3 days.

As the website says the time that takes a hashpack to start mining is variable, there are many factors involved not only the manufacture process(as you said june) but also the shiping time and the time that our team takes to setup the mining hardware.


We only do the refunds, if the manufacturer refunds us the pre-orders we already did, and as they say and I quote "All sales are final unless we fail to perform. That means if we do not ship any machine at all."


We understand your consern and we will have a phone number which will be exclusive for costumer support. Our native lenguage is spanish and thats why we are looking for someone who can handle all of this conserns and questions, meanwhile we are using the forum and the contact form to help you.


This could be great for us!!! but... its greater if you earn bitcoins because you will be a happy costumer, if you are a happy costumer means that our service is good and we will atract new costumers and you will reinvest in more hashpacks.


We are honest people who believe in this project and we have the best intentions for our costumers grow as we do.

As we said before the phone number will be published once we have it as the address.


We suggest to read again the website because we think you misunderstood some points of our project "WE ARE NOT DOING THIS FOR FREE"(if we do so we will be stupid, and we are not!) anyway we charge 3% of the earnings.

If an ASIC brokes we will send it to the manufacturer if the guarantee is valid if is not we will try to fix it. anyway once the ASICs arrive we will give you the oportunity to acquire an insurance so you can be unconcerned about this issues. (pickles)

We see that you feel insecure about this so we recommend you to wait and watch the progress of our project and when you feel confortable you can invest.


We made some orders between february and march as we already said before in the thread, so you can have an idea where we stand in the line. The hashpacks had been a success that since they became available we made a lot of orders, in order to supply our costumers and improve our times.

The only success is that people are giving you money, you ain't actually supplying any service yet. Best of luck to you, something really seems "off" with this to me and I don't understand why people are paying people waiting on preorders to mine for them. Nice concept but there's something not quite right here..

+1

If the asics is not shipped out are you ready to give a refund at any time?   There might be a chance where asics might be held up again due to demand or market doesnt allow for it or a shortage in supply whatever.  IN that instance are you ready to refund?

Tis a good point, once this company is up and hashing it could be quite a good investment and I'll probably buy a great big pack of hash from them.  ;)

At the moment tho you're just locking up money in something uncertain.

+1

Once MtGox releases my Bitcoins I will buy a 1000 MH/s rig, and will consider buying more rigs.

You will pay for, and wait months for, 1000MH/s. You will then consider whether it'll ever turn up. Hate to be so negative but a healthy degree of skepticism seems to be missing...


EDIT: is it just me or have the prices changed/reduced since this was first up??

They fluctuate with MtGox last price.

And he claims to already have 117 hashpacks sold, so I'm adding one. I'm tired of waiting for BFL anyways. Plus he runs them on his PPS pool.

Ah fair enough, I want to invest too but i really don't see the point in doing so now when he has nothing actually to put online.

I've asked him where he is getting his hardware from and when he expects to receive it. If he said its from BFL im not paying because my order from BFL is way ahead of his. If I pay I expect him to get my hashpack up in 2 to 3 weeks.

ARe we given a place in line as to our orders placed.  For example first pay first served?

We can presume so.

He's just ordering from BFL, you're better off ordering yourself from BFL.

Yep no hashpacks for me. If you put an order in now, its great that you just bought a 4th of July present.

So you think after 4 of july its completely over for even asics miners.  there has to be some profit in it or no one will do it.

They have pre-orders in already, so hashrack will be hashing before anyone who orders now receives their hardware.

I don't know if this has already been asked or not.  How early did you place these pre-orders for the hardware?

is this legit guys? or only shit scam?

they said february

Gonna have to wait for BFL to ship to find out  ::)

Hey pkarc I was wondering since you can get Block Erupter USB  ( https://bitcointalk.org/index.php?topic=195004.0 ) at a set rate of 1.99 btc and be able to get it in a semi timely matter once you get the min amount or get in a group buy. Would you think about adding an option to buy that as a hash pack for like 2 btc for a while that way we can see some returns on your site. It would also start racking up hashing power on your pool.

pkarc  How does one withdraw unspent amount leftover after one has made haskpack purchase.

That's a good question, can you add a button to empty the investment account balance to your rewards address ?

Thanks

+1

+1

As the "REinvestments" also go to your IBA, we will implement a way to withdraw only "investments"(unspent balance) to ensure the correct use of the "REinvestments" concept

I like this idea and concept - I will order a few :)

how can I set the vardiff?
Not possible to run with ASIC's on vardiff 1!

greets
Tinu

We are working on this, we will do a scheduled update on Fri 17th, this update will let you select the diff, this also will correct some glitches on our realtime server.

I would like to request a refund for my investment please reply as to what i have to do if you need my information etc...

If you could please issue me a refund as soon as possible i would greatly appreciate it.  please get back with me with what i have to do.

that makes 2 of us....id rather be buying avalon chips than wait for bfl...

can I get a refund too please

here is my request, as sent via your contact form on the site :-

This is epic, running with this idea whole days.. renting sever.s. NICE

Can you confirm if,if wanted farm other coins?
https://hashrack.com/hashpacks/buy

And that sunshine in % what does it means?

If i order the 2,5 or the 5..gh/s
What eta it haves from paying you till it works?

Thank you!

Who are you ordering your machines of, avalon or bfl?

its bfl ... and dont do it

Please respond to either my email, or my post here...

you've been online, and ignored me

you should already place an order for asic blades, they are expensive but at least they are ready

We just send you an email

So how long will the wait for BFL be with all the per-orders stacking up for hashpacks, don't you have any other means of mining hardware to at least start delivering on the per-orders made already.

We are contacting others manufacturers (Block Erupter), as some sugest, as another "type" of hashpacks, obviously the price and the hashrate will not be the same as well as the delivery dates.

What about my refund you have not replied to my post am i being ignored?

Will this not effect the price of the hashpacks?

Send us an email (or by using our contact form ), if you already did that, you should receive an email with the request information.

So if iread it well... you sell gigapacks.. but you cant put it online..
Because you still wait for bfl to ship?

But since bfl, is a huge scam, you will not be able to give us hardware?...

I confirm email received...

I have to be honest here, Id pay more for a hashpack on avalon....anything to avoid the bfl scam

I'd pay for a hashpack that actually is online. I see no point in parting with money till there's actually units to be paid for, but once they arrive it doesn't really matter which company from! Ethically, no BFL, but if they're gigahashing away then why not.

I'm attempting to sell him my BFL Little Single lol. My order is 4295 and it is a Little Single. Offered $1800, or $1500 with 10 GH/s added to my hashrack account. Interested in what he'll say.

Any update on above please pkarc

I sent an email and waiting for reply for refund.

So, if you pay for a rack.

You still must to wait till you get the order to put it up?

Pkarc.

Have you considered creating a secondary purchase system based on buying ASICminer blades? given the purchase price of 50 btc and a 10GH/s rate that would mean around 1 btc per 200mh/s not counting your fees and other expenses. It wouldn't be for everyone but for people like me living in an area where power is expensive would be a good middle ground between waiting for the DIY Avalons and BFL to ship.

Please reply with instructions.

If i understand well, this is a example for understand this web and pool.
https://docs.google.com/spreadsheet/ccc?key=0AkAA7sO8gBiFdE95Vk5WUlJ1MFJOZG5kanhHS01yeUE&usp=sharing

In summary, if you mining 2,24771001 btc on the pool with a virtual miner (from haspack) and you sent to adress, you get 1,977984809 btc.
3% virtual miner is 0,0674313, 4% fee pool 0,0899084 and 5% Reinvest (min) 0,112385501. Total fee for hasrack.com 0,157339701   btc.


I think is better get the Mining hardware for you and starting mining in your pool that sell it in haspack

I'm really interested in this.

So to get it straight, you pay them BTC, and then they'll configure it to mine for you at the hash rate you've purchased and you'll get payments from the mining your purchased hardware has done? Is this incorrect?

Okay what I am unsure of is this renting hashpower. Which I am familiar with, or is this just waiting until ASIC are recieved and praying they come and if not your screwed.

Like the website layout just a little weary to buy anything until I know for sure. Is a setup already up and running continually upgraded, or is this just a lets kinda hope kinda thing.

Just curious, anyone can answer. P.S. I know this thread is 11 pages so if someone already answered feel free to quote.

No you pay them, then they order ASICs and wait.

And then eventually yes what you say is correct, when the ASICs arrive.


No hashing yet, that's why people are asking for refunds as the ASICs are BFL.  ::)

Waiting for a refund

Yes that's true, but there will be at least 5 months between you paying them BTC and them mining for you.  Just go order from BFL.

Please refund or with instructions i have sent an email with your form on your website requesting a refund four days ago is there a refund or are you just keeping peoples money? 

I would like a refund please return my money i paid i have filled outyour form and asked you repetedly on this post please refund as soon as possible.

THese people are not refunding my money after 4-5 attempts at asking for a refund i am still waiting.  WHen am i going to get a refund am still waiting are you ever going to refund my money?

Do you ever reply to your refunds!

Yeah supposedly they ordered asics and are selling the hash power so they are buying the rigs with your money and when they get them in which is the million dollar qiestion then you have already paid for their units and they get a percentage of it but in the mean time you are left waiting for their units to arrive so they can get your percentage of the hashes you paid for and im still waiting for a refund after 4 attempts they are ignoring me.  Totally lame.

I would also like my refund for this same exact reason becuase i know that bfl is gauging its inventory and its going to be a long long wait before you ever get your bfl im pretty shure i was not under the impression that you were using bfl now that i have found out and know how long its going to take i would also like a refund not to mention there is nowhere on your site stating there is a no refund policy.  A refund would be appreciated. 

Hopefulyl they've probably taken your money (and mine) and placed another order with BFL so getting a refund might be tricky. I'm happy to wait, but we should be kept updated or it begins to look a lot like a scam.

Anyway, here's their contact details (via whois) :-

    2stripes.org
    Ivan Jaramillo        (ivan@2stripes.org)
    Cra 20A #187 - 51
    1020731896
    Bogota
    Distrito Capltalde Santa Fede Bogotã,5716718683
    CO
    Tel. +571.6718683

So you could try his email address or telephone number.

This is a scam because if you could make a profit from it it would meaning the service providers are making less money selling the hardware to you, than mining with it. Who would do that?

Not if they don't have the capital to purchase the hardware.

I've read some explanations about this service. But I got some doubts of its operation.

I have to have hardware mining?
If you buy a hashpacks, I will be renting a mining equipment for me?
How long does a purchase?


Thanks for the answers.

So...it's time for a scammer tag?

I do not see any valid argument.

Your refund is being processed.

You can mine with your mining hardware, this is a pool too.

you are buying a part of a hardware that we purchase, its like a group buy. you are sharing a machine with others.

Its one-time payment, and long until it's inoperable.

pkarc , could you share with us how many orders have you placed with BFL & what have you ordered from BFL ?

yes pkarc i would like to know this too. I just found your site and placed an order last week, and was surprised to see so many comments about this being a scam. can you please clarify when our asics will be up and running, and if this is just using bfly on the backend???

seems scammy.  Why buy a asic when you can buy a hashpack from them for less money without maint. costs?   :-\

I really don't think this is a scam simply because of the effort that must have gone into the website and mining pool software which all seems to work. If you were simply going to scam people you wouldn't put all that effort in but just the bare minimum to attract the orders.

I think these are genuine guys, with a good idea, but are constrained by BFL.

Pkarc (Ivan ?), please keep us updated on how much kit you've ordered from BFL and when you placed the orders.

You need a little more transparency or people will lose faith. I realise that English is probably not your first language but you have the basis of a great business here, it would be a shame to lose it at this stage due to lack of communication.

Also we'd probably all want to know that you've done your sums correctly and that you will actually make a profit on this, as we'd all be equally disappointed if the business collapsed because you weren't making enough money.

Best regards

Andrew

id be very interested if it made more sense as to why they charge less money then it is to buy and maintain an asic/bitcoin miner.  Somone who reordered a asic probably would make more money mining then doing this.  Then again maybe it would make more in the long term since difficulty steadily increases.  idk. 

If Bitcoins turn out not to be profitable is the pool willing to consider mining other SHA256 based coins? Do we get to choose where our hashing power is directed?

Can i know when my miner will start mining some bitcoins?

I don't think its a scam either but ASICS are currently hard to come by.

ASICS can't do SHA256 currently

ASIC: Application Specific Integrated Circuit

Companies like ButterflyLabs and Avalon and ASICMiner are making working ASICS with the exception of ButterflyLabs. They do exist and do work currently

I think you mean scrypt, DOH. ASICs are the reason terracoin difficult bounces so much.

Just for info, I confirm recieving my refund from hashrack, and wish them all the best.....if bfl ever ship :D

I do not understand.
This means that I buy a part of some specific hardware, and if that specific hardware breaks, I'm done?

This doesn't make much sense.

It would be much better to do like virtually any service provider does: I do not own a specific piece of hardware, you repair what is broken, and you split the cost of repairing stuff along every customer.

It would be a much fairer deal: everyone pays a bit more, but is immune to random unpredictable faults.
i.e. if you have 100 chips and one chip breaks, every customer pays the equivalent of 1/100 share, instead of one unlucky guy losing his share and the others being unaffected...

Good night guys, we've had a full weeks of work and had been unable to attend this thread, I will make some clarifications raised here, I read several comments and there are some that can rethink and strengthen more (Lohoris especially) we are beginning a stage of preparation, and any idea that benefits us (vendor and customer) will be discussed.


BFL
26 - 5Gh/s
14 - 25Gh/s

Trying to make contact and establish a business relationship with:
BlockErupter

We will launch new line of hashpacks soon(BlockErupter).



We charge 3% with the current conditions(exchange rate, difficulty), anyway if you READ you can see that here too: https://hashrack.com/hashpacks

I think the Website hashrack is Scam i've sent so many Emails and pmed pkarc but no reply for my refund request.I'll suggested you guys to stay away from it.I know my money not gonna refund.  :'(

Waiting for pkarc to update posts...

It seems BFL is shipping... some blog/news posts...

Hey hashrack received any mails from BFL??

BFL has started to ship jalapeno at least,  hope we get hear some good new on BFL front regarding your placed orders.

Have you already placed order for Block Erupter blades or you are in the process of collecting funds to do so.

Appreciate you taking time to answer queries here. :)

If you do indeed get Block Erupter blades then I will definitely buy a group of hashpacks. Those have already shipped. ASICMiner is really ahead of the game.

Pkarc, why has my investment balance disappeared ?

Do you have an apriximated ETA for the preorders? I sent several mails using the form of your page, but I didn't receive any answer. Just to know, because I bought 2 hashpacks.

Got my refund.Thanks!

This never happened, I think you had a confusion with investments balance, unspent balance and mining balance, however, your refund is in process.

No emails yet, once we get news from BFL, you guys will be the first to know, you may be certain.


I think the fact that they are delivering, is good news for everyone because we did not want to be the intermediary of a "new generation of scams"

We could not establish any contact with the manufacturer of the "Block erupters" However we are introducing a new line of hashpacks "erupters" which may be more expensive, with which we will enter in a collecting phase.


The ETA is between mid july and early august. This is directly managed by the manufacturer (BFL), expect the production increase each day, so not up to us, however we're finishing adapt the space where our investment will be, once we have something more concrete will post some pictures.

i don't think so, too much effort on their site

I got refund just fine...took a week or so, but all good now...
I wish them the best of luck

you said my refund was being processed yet i have recieved anything as of yet.  when will i reiceve my refund?

I got a refund quickly after I requested (a few hours). Good company, just BFL is being unreliable. I will deposit again once BFL delivers on a better schedule.

It's very easy to see with basic math that BlockErupter boards will never, ever, pay for themselves.

http://www.bitcoinx.com/profit/
Estimates it will take 142 days to ROI.
This is increased from 119 days for last month.
During the last month the difficulty increased roughly 25%, causing a 25% drop in the value of mined work.
142/30=4.7 months
As the difficulty rises by ~20% every month for 4 months, you're going to be left with thousands in debt.

On the other hand, ASIC miners from BFL or Klondike will remain profitable until roughly Sept.
@$300 for 5gh/s and $200 for 4.5gh/s respectfully.

At their current price, products from ASICMiner are a scam.

yep, this looks interesting !!

i think that this is true.
first are the winners. but ASIC price is very high.

Pkarc out of total ~ 493 Gh/ ordered from BLF you have sold 475 Gh/s  , is this correct figure after correcting for refunds made for haskpack purchase , please let us know.

Is it possible for you to make a table with name of buyer & quantity of haskpack ordered & date of order on first post & keep it updated, if not here then may be on your website, this may help with transparency of who is where in the que of pre-orders made on hashrack.com.

+1 Working on this.

Please conform or correct this  : out of total ~ 493 Gh/ ordered from BLF you have sold 475 Gh/s  , is this correct figure after correcting for refunds made for haskpack purchase , please let us know.

:)

@pkarc I purchased a Hashrack but have no idea how soon the mining will begin? Could you reply the email I sent you? Thanks.

Well, after much thought, decided to ask for a refund.  I'm thinking that I would not have bought a hashpack if I had known ahead of time that they were waiting on BFL units.

pkarc, I sent a note through the website's contact form.  Hopefully you can process this quickly.

Thanks

I don't suppose you are actually making this list? At least anonimize the list.
Publishing a full list with names and numbers would seem quite unprofessional to me.

Send also a note for refund. Please could you process this?

This is taking a lot of time, I guess you may be working hard to get all ready, but most of the people may think you're not doing anything if no updates are provided, just a suggerence, you may post photos of the datacenter, update the clients about they orders, etc. :)

I've just received my refund after about week. I think these are good honest guys and wish them the best of luck. When they've got some BFL on the ground I'll probably reorder.

So far they are working on my refund.  Got an email earlier today to provide the same info I sent in the contact form on the web page, though.

I did this part anyway because I need the refund, but a word of warning for others.  One of the things they asked me for was the PIN number I had entered on the account.  REALLY don't like having to give that out through email, since email is so insecure.  Would have preferred a different way to do that but at this point don't see that there is another option.

pkarc, you really need to work on that part of the process as well.  A form on the website that submits all the needed info without the need to go through email would have been MUCH better.

Well, that was fast.  They just sent the BTC to my wallet.  Waiting on the confirmations right now.  :)

Still, the refund process needs a little work.  I don't mind using email to confirm the process, so long as it doesn't have any critical/secret info in it.  So maybe setting up something on the website would be better.  ;)

So when are you actually going to be putting something online?


Doesn't look like anything is up yet...

http://s11.postimg.org/4qz22984z/Screen_Shot_2013_06_13_at_23_56_24.png

So, does this company actually have ASICs? What hardware is currently hashing away to produce the 1200MH/s I see on the website right now?

They host their own mining pool, those are just users mining in the pool.

It seems GPUs and FPGAs are no longer cost effective to mine with (as far as purchasing new hardware goes). The only opening in the ASIC market in the near future will be the from TeraHash, using the open source Klondike hardware. Should be available within two months, if not significantly sooner.

There's a number of companies attempting to do what hashrack is doing, but all are in the same boat. We'll see what happens when TeraHash starts selling.

No, they're just using the money sent to them to preorder from BFL and when it comes they'll host it for you.

at least is confirmed that they aren't scammers, just another pre-order victim

No BFL... but no datacenter either, what happens if BFL delivers today?

still get no refund -.-

why can i not view my hashpacks that i purchased? before i could now they have dissapeared somehow. i purchased 2.99 btc now they is no way to view what i purchased or porve what i purchased and the hashrate etc..  please reply.

Really? Can you prove that?

Whoops, I think i misread a few articles.
There appears to be some written software for FPGAs to run scrypt, but they don't work very well, and are completely DIY.
No one i can find seems to be selling preprogrammed FPGAs for scypt.

Nevermind, my mistake.

I have asked pkarc via their contact form on site and via email about the progress of current orders and status of "server mining room" but i have not received any feedback. I have also requested for a refund presenting my concerns but i have not get any reply. At least some updates should be placed in site or here but there are no any. Of course i have not been contacted even regarding my refund.
Take care if you want to invest further! :-\





 

We will not have any activity till BFL starts shipping 2013 orders as I understand pkarc placed BFL orders only in early 2013.

They must have the mining room ready for the equipment... if BFL delivers what would they do?

pkarc's last post was over two weeks ago and he hasn't logged in in a week.  Hopefully for you guys he's just on vacation with no internet access...

Just found this page after buying a hashpack...requested refund - hopefully it gets processed.

Still no reply and no refund. This is not a way to treat customers.
As i remeber they have promised in this topic to keep us updated regulary.... ???

read through this complete thread & U will have a clear idea of average wait time for refund :)

Not a problem , have not invested so much to loose sleep over , but I dont think people who have invested in here will have any issues , its just a waiting game & it all depends on how fast BFL can deliver.

requested a refund 2 weeks ago, received an email saying I can request it and will be contacted.
I was contacted and sent my pin# and wallet address, that was a week ago.

since then, nothing..

So you've pre-purchased 480 GH/s worth of hardware from BFL and you've sold 520 GH/s worth of hashpacks. What are you going to do to make up the difference? Place another pre-order with BFL and leave the newest hashpack purchasers likely waiting until 2014 before their virtual workers are running? Or is there other hardware you might use to supply the currently purchased hashpacks for a more timely delivery?

You have as much chance seeing the hashrate from Hashrack / hashpacks as butterfly labs - as their supplier is butterfly labs, and they place orders when you order hashpacks.

indeed :)

Still no refund, but i find it interesting to see that the contact page is now throwing an error.


https://hashrack.com/contact

An error occurred
An error occurred during execution; please try again later.

Website now offline - https://hashrack.com/

 ??? >:(
that should conclude this story, this guy is scammer and thief.
We have to organize in some way to get our coins back.

& Now website is back-up & running.   :o
 
Amazing every start-up business has to go through newb attacks , newbs who first invest money & then cry foul & want refund, why did you invest in first place if you were not sure about the business you were investing in.  ::) :-[

There is something they need to fix in their web hosting setup.

hashrack.com and www.hashrack.com both resolve to the same IP, but only www.hashrack.com works in IE.

hashrack.com works fine Chrome, but IE doesn't like it.

The problem there is your use of IE. :P

I had no idea their vendor was BFL...I have an order higher in the queue so this was no longer a viable hedge against BFL not delivering in time to achieve ROI.  Thinking i'm going to look at KnC.

The problem is not if someone is newbie, hashrack are also newbies if you look that way, or investment, I am ready to invest more if they have established good support, but in this case they are not give any feedback which is not good at all, and problem is because they are not replying to customers >:(.

KillDemon,  I understand uncertainty caused due to no reply from pkarc or hashrack about refund request, all I can say is previously people on this thread had to wait for quite a few days before they got refund so I don't think you are out of luck with your investment yet, hopefully not :)

Same thing still:

An error occurred
An error occurred during execution; please try again later.

My refund was processed in a couple hours... Put down your pitchforks and take some Midol.
BFL is slow, so anyone tied to BFL will also be slow. Hashrack should probably have an automated refund process instead of manual, but they're not a scam or a thief.

If they are legit, they could have problems with refunds if all their BTC are tied up in preorders.  There's no way for them to refund until new people purchase.

I'm not saying anyone is a scam or thief, just stating the facts.  It has been a week since my request for refund on their website and i've had zero contact from them.

A good sign though is that my investment address, which is used for making deposits into hashrack, still shows my BTC.  https://blockchain.info/address/1GRRcBMH2iidzq7Vy6EsCUTdSLLzDt5Gqw

 3 weeks for me.

This is a scam folks.

The BTC hasn't moved from my deposit address, so i'm not sure of anything just yet. - https://blockchain.info/address/1GRRcBMH2iidzq7Vy6EsCUTdSLLzDt5Gqw

What about you?  Do you see your coins on the blockchain?

my BTC end here https://blockchain.info/de/address/1DwvaUFh8Aqb1uxeMGTmawDrAEQzK8AYod (https://blockchain.info/de/address/1DwvaUFh8Aqb1uxeMGTmawDrAEQzK8AYod)

Still no refund, 1 month

*sigh*

This was a totally flawed business even if it wasn't a scam: "Indefinite time(Until hardware breaks), keep it simple and obvious." makes no sense, as I explained early in this thread.

Anyone who has invested here has clearly done it blindly without taking the time to actually read what they would have been offering.

At least BFL would have been good if it wasn't a scam, this wouldn't even!

Last seen in June. Sorry guys, you got scammed. Shame because it looked quite nice. :(

No, it looked like shit.

Guess I got lucky since I got mine back before they seemed to disappear.

Looks like the webpage is not working anymore...

I heard about server changes, will be back eventually

It's back again, where do you saw that? They are posting any news?

I had about 0.03 (not much, I know) go missing from my investment account. When I contacted them (back when the contact form worked) I received a reply that it would be looked in to, that was well over a month ago. After about 3 weeks of no response, I replied to their email, simply asking for a refund of my hashpack order (and the extra 0.03) due to them being so non-responsive and the fact that a quick lookup of my investment account showed the btc had been transferred out. Still no response, money still missing from investment account. I find it hard to trust a company that disables their contact form and refuses to answer customer queries

Are you trolling or what?

Contact form appears functional after the website came back, would be interested if anyone has had any response from them?  curious on riceberry's source for his information?

Literally just tried to use contact form, still not working. The only response I ever got from the one time I was able to use the contact form said they would "look into" my missing btc, but never any follow up. That was over a month ago.

Indeed it has now stopped working again... it worked yesterday when I tried it, even popped up a big green box that said it was successful, although I would doubt I get a response  :-\      would appear to be an intentional disabling of the form...

4ef706c99a753e97b2039cbad8b278b9412221656c497b42c5e3eb1f3863e32d

3.1 BTC I would like to get back. Fat chance of ever seeing these guys again though.

I would happily keep my investment with them and wait until they get their hardware if they actually maintained a presence here on the forum and/or had a working contact form on their website.

It looks like they've cut and run, but if that isn't the case then they're being completely irresponsible, which is nearly as bad.

I've got 10.01 and it's still in my investment account...hoping they disabled refunds / withdraws b/c they used the money to buy asics, but who knows...doesn't look good.

wasn't trolling,

 i got the news via email, i sent an email nicely asking about the downtime, and got the response, hope that clears up my source (for what it is).

Why are still people delusional about this?

You have been scammed, and you were stupid because this would have been a totally crap offer even if it wasn't a scam.

Stop being delusional, that is annoying!
You can whine, you can enrage, but please stop believing you'll see your money back, because if you really honestly still think you haven't been scammed, LOL wtf.

Or, you can try to sue them.
But I know you won't, you never do.

I learned my lesson, Trust none

Huh, just saw this, judging by the last posts this turned out to be a scam? That's a shame, had so much potential.

No, it was crap even if it was true.
But apparently people can't read.

Sounds awesome, and the prices are decent, but where are these going to be mined at

1. Stop bumping old threads
2. This is a scam.

Website isn't working?

Update: wait this is a scam? O.o

https://hashrack.com/ is working.

Is it a scam? Probably.
We will see once BFL ships orders from May 2013.

Doesn't work for me hmm.
Most likely it is.
BFL to ship orders from may 2013? How about Q4 of 2014  :D

He was online today...

:-\

Even though i'm not really being serious, but Q1 or Q2 of 2014 I assume..

Just looked at this was planning to buy a shitload till I checked the last few pages :P

Just about ready to join the Lynch-Mob here fellas. I purchased one of hashrack's hashpacks back in May of last year. Luckily for me it was only the 500MH pack.

Sent e-mails in both June and July and have yet to hear a peep back from anybody!!

If you are considering purchasing any of this site's hashpacks I would strongly urge you to read through this forum with eyes wide open...it may just save you a bit of heartache and money!!

Yeah I'm pretty sure it's dead. :P

3. It would have been crap even if it was real

For some reason I'm still amazed and worried about how many people can't discern a terrible deal from a good one.

yup...looking absolutely dead to me...very bad form pkarc...your bitcoin karma must certainly be hurtin at this point!

No bad rating: https://bitcointalk.org/index.php?action=trust;u=70514

I have applied for a 0.5 BTC refund. Let's see what happens :)

I have also applied for a refund .  :(
If i get any kind of feedback i am going to report here.

No reply. I think we can label this as a scam. Mods?

Gave a bad rating too. I hope other people will do that too

So after all you people invested in this why isn't anyone making a scam accusation thread or at least give bad ratings?

from the twitter page:


"Hashrack ‏@hashrackpool 28 Ago

According to statistis, hashpacks would be arriving from sept10-20 and then oct/16, oct/24, oct/25, oct/26, oct/28, oct/29, oct/31, nov/4..."

so seems they preordered ASIC like everyone else

let's see what happens in the next week

Stop being sane your making the other posters look bad :) peeps complaining are peeps who didn't read the thread :) they ordered, they are waiting. . .just like the rest of the world. . .there is nothing else to say until product is in hand. . . . .not to say I believe 100% or anything, just that I believe be educated take the risk and wait for the results

Exactly , I think wait is about to be over , I hope every body stays away from BFL cause they suck donkey ass in delivering 

Well the page is not working anymore... I guess we all learn from this (Or at least that's what i like to think...). Just if anyone is interested I have found a company that delivers in seconds at something like 0.09BTC por GHs.

Here is an image of my dashboard, you have your current hashpower, a list of payments and blocks.

https://i.imgur.com/ztKF5Cx.jpg

If anyone want to give a try, please use my referral link  ;)

https://cex.io/r/0/chinchs/0/

BFLs are shipped from factory but he is not use them for hashrack mining, that is for sure >:(

Meet the scamer and thief:


http://www.linkedin.com/pub/ivan-dario-jaramillo-larrarte/32/2b1/460

Name Servers:  
    ns1.hashrack.com
    ns2.hashrack.com
 

 Registrant Contact Details:
    2stripes.org
    Ivan Jaramillo        (ivan@2stripes.org)
    Cra 20A #187 - 51
    1020731896
    Bogota
    Distrito Capltalde Santa Fede Bogotã,5716718683
    CO
    Tel. +571.6718683

He still put his name to the hashrack Project?

ya I found Him too on linkedIn
Things are leaking slowly

What about contacting police in the country? Anyone live in Colombia? :)

I agree, I'm a victim too.
I found its profile on facebook also!
https://www.facebook.com/jaramilloi

it seems he is back again  ???
website has been update with new info

#islah@90