Bitcoin Forum

As many of you might be aware of, HashFast has learned all the lessons from BFL and is in the process of accomplishing an even worse scam. However, it looks like that they where overconfident about overpromising. They think that they will come out of this just fine. Legally, i mean.

For several reasons, this will not be the case.

However, while their customers are proceeding legally against them, they are (and will) try to put off some other fire sales in the very next few days. People who will buy from them will be the least legally protected, due to their ever changing ToS.

I'm asking you for some cheap action to prevent this. You can start by upvoting this Reddit post:
http://www.reddit.com/r/Bitcoin/comments/1u2a3m/running_timeline_of_hashfasts_actions_lies_and/

You could create a new one with better content, if you wish.
If you have contacts with relevant journalist, i kindly ask you to let them know about this story. Many on this forum are able to help on pointing out details for some good article.

Doing this if you are a batch 1 customer will be an equivalent of biting the hand that feeds you, but it's only the right thing to do.

There needs to be a freestanding domain with this information.  Doesn't have to be anything complicated. Just something that advertisements on the keyword hashfast can be pointed at.

People are still handing BFL money for vaporware.

Concerning yourself with the future actions of others is a waste of energy.

In your shoes I would be more concerned with figuring out when you actually will get batch I orders fulfilled.  Do you know how long it takes to make a volume build of circuit boards?  How much expediting the builds costs?

Ever wonder why the recent statements about shipping sound an awful lot like what Josh was saying for 9 months straight?

I personally don't really care about the status of my order anymore, i only care about my lawyer and my arbitration. I haven't received my tracking yet, there is a tiny chance that they will ship it before midnight and yet the delivered (!= exwork) terminology won't fit it.

If from a lawyer and there rest of my inbox i can take a break trying to help someone out of a problem he will have, i will have done something good in my day.

gmaxwell, unfortunately i don't have the time for this right now.

The future of others is also the future of Bitcoin.

If small independent miners keep losing their shirts on deals like this we'll end up in a case where only huge consolidated operations with captive manufacturing will be profitable. The end result would be an enormous centralization of hash-power which would undermine the security assumptions in Bitcoin, and result in the ultimate failure of the cryptocurrency... which wouldn't be in the interest of anyone currently mining or holding coins.

Besides, the future actions of others may include my friends and future friends. Not everything is about making a profit denominated in coins or dollars.

The more victims there are of giant frauds and fake asic manufacturers, the less likely bitcoin is to ever take hold. At any time, the majority of the companies involved in this industry have been ripping people off and lying to their customers. I have not and will not recommend to anyone I know to get involved. I took personal risks on purchases with KNC and they turned out well, but that could have gone either way. What if I'd simply seen the promises by hashfast to ship in december, or VMC. I'd be up shit creek waiting for my paddle in the mail.

The reddit post is not in homepage anymore.

I would say that this doesn't make bitcoin less likely to succeed, but as stated in the previous post, make it more likely that large companies will take it over.  Of course this chord against the ethos of bitcoin, maybe this is what you mean by destroy.

How would a company ever sell their products if they couldn't get investomers??  :(

I agree that the Custom Hardware sub should be about Custom Hardware, in accordance with Gmaxwell's own rules.

That means Scam Accusations should be moved to the Scam Accusation sub, not left here to lower the signal/noise ratio.

The baseless, now-rubbished "Is HashFast Self-Mining?" thread is a sterling example of why following Gmaxwell's rules is a good idea.

Of course, being both a disgruntled customer and a mod presents an increasingly apparent conflict of interest for him.

I was worried that you would have had the courage to come here and argue what i wrote, because i was ready to defend it. However your post is uselessly full of nothing but personal attacks to our moderator and of new empty lines.

I'm disappointed.

This thread is not a scam accusation, so shall it not belong to the scam accusation forum. I understand that you will have an hard time understanding this. But have a nice new year anyway.

This thread is about letting people know you haven't provided your custom hardware.  Stop bumping it with useless posts and spend more time shipping.

Is discussing shipping timelines and company communications of custom hardware vendors really OT?

How about

HashFastScam.org

or

HashFastLawsuit.org

I'll *(contact the owner) to donate either to someone willing to populate them.

Yeah there is no "winning" option(s) here...

I just got an incredible good news guys. I will hash it to ensure that i don't ruin it before happening, but it's gonna be great (to the extent of my OP).

fingers crossed everything goes well

My OP = Please let the world know about HashFast.

hashfast is the worst SCAM i never seen ! dont buy anything from them !

Thanks cedivad for making sure the community knows what kind of scumbags HashFast managers are. We have to make sure nobody gets scammed ordering from them ever again. Don't send your money to HF, it will be stolen away!

Here it is.

http://www.extremetech.com/uncategorized/173772-bitcoin-asic-manufacturer-hashfast-facing-lawsuits-over-alleged-false-advertising-fluctuating-bitcoin-prices

A big thanks to Joel for his article (that i've yet to read, but i think it will be great).


(I was wrong about Ars, Joel was writing for Ars until a few years ago and i believed that the article was gonna be published to Ars. However, with almost 40k facebook followers, it's a really good starting point).

http://www.reddit.com/r/Bitcoin/comments/1u5t46/bitcoin_asic_manufacturer_hashfast_facing/

https://i.imgur.com/lO284iv.png

This is the rationale way to fight with someone that can put down 10k-100k$ a day in advertising.

From what I am reading about HF, I would say they are a close tie with BFL. It really is like dejavu for me to read about this crap.  The only difference for me is, I did not order from HF. Those of you that did, you have my sympathies. I do know what it feels like to have a large sum of money in jeopardy.

Best of Luck.

@cedivad The article gets it's facts wrong.  There was never any mention of the Dec. 31st date in the terms of sale or otherwise for early customers that was only put in the terms of sale after they had already been taking orders for 5 days on around Aug. 15th.

I know. However he didn't let me review it before the publishing. Wrong coverage (in good faith) is better than no coverage.

We made it to the first page of reddit, again! :)