Bitcoin Forum

Hi all,

I would like to take this opportunity to introduce a new company that will be involved in ASIC miner production. As you may all be aware there have been a few companies that have planned to re-create the AVALON ASIC mining rig. That is exactly what we are doing, with a twist.

We understand that there are so many scams present on the internet today, particularly regarding Bitcoin. That is why we have made the decision to not sell the full Avalon miners.  But rather a single hashing module capable of 22GH/s. This allows us to charge considerably less, and also allows our customers the piece of mind that the risk and capital outlay isn't substantial. The main intention behind this decision is to prove to the community that not only can we deliver, but we can do so on time. Trust is everything.

Now we will obviously be stepping up our game once the products have been delivered. Our future models are planned at 88GH/s to 160GH/s and beyond. More on that later.
 
The units will be entirely stand alone; Control Unit, PDU and cables are supplied with Each Module. They can be added to already running AVALON machines or they can simply run by themselves. No case is provided with the initial sales, it makes things easier and faster on our side and allows customers to create DIY cases.

Please note that this is done on a PRE-ORDER basis. Customers can expect delivery mid August should there be no delays beyond our control. PCB's and final preparations have already begun and we will take delivery in roughly 2 weeks. That way we have everything ready.

Price per module is 8.99 BTC. A 1 BTC deposit is required per unit to secure your pre-order.

This price includes everything; one module, cabling, control unit, PDU, tax, shipping and handling fees. The product will hold a 2 year, full swap out warranty from date of delivery.
We have 55 units available. However 50 will go on sale. 5 will be given to community chosen members for testing and to prove we are not full of crap. These members however need to be long time standing and trusted members. This is our gift and will be entirely at our expense. They will be the first to receive their units before mass shipping begins. Please note that you can request a refund right up until the point that shipping begins. SO no units to trusted members; refund! The chips to make the 5 units are being used from our personal orders that will be shipped prior to HashTech's.

We have two Branches that we are currently in the process of setting up. One in South Africa, One in Dubai. Our South African Branch should be up and running by months end, where I will update with all the necessary information and host an open day. Our Dubai arm we will be setting up mid July, this location will also house our testing facility and farm.

I will try my best to keep this forum topic as up to date as possible. Please be patient with me. The website will be updated daily. You can contact me via email, skype or on the forums. I will not reply to PM's here.

For further information check out our website.

www.hashtech.biz

Have a lovely day,

The HashTech Team


-EDIT-

The 5 Hero / Trusted members to receive a unit are as follows:

Conditions to receiving a test unit:

Please document the process with either a full video, or pictures. As well as a video of the module hard at work. We also request that it begins mining from the moment you receive it. We would hate for our hard work to end up as a door stop.

The Hero members to receive a module:

- Candoo
- PuertoLibre
- JohnK
- juggalodarkcl
- Xian01


-EDIT-

Price has been changed to 8.99 BTC
Pre-Order does not require full payment, a 1 BTC deposit per unit is required to secure your order. The remaining funds will be required upon delivery of our product to the 5 trusted members, and prior to shipping.

scam?

6 post newbie posting about another ASIC start-up...

*face-desk*

*face-desk*

*face-desk*

Unfortunately we cannot convince you otherwise until product shipment. This is indeed the reality we are faced with. The account was created a few days ago so that we could offer the news under our official header.

What are your other accounts on Bitcointalk? (list all of them)

This would be my first account created on these forums. I will make sure to have the rest of the developers team pop in and come say a few words. Although most are not as active here as we would like. This was one of the platforms we are using to advertise this project.

Please post pictures/company info/address and screenshot of the chips on order from Avalon.

take my BTC ! ! ! where should i send them ?

We will be uploading all the relevant documentation and pictures to the website in the next few days. We will also be including pictures of the entire team, address of our new offices, land line phone numbers and anything else the community requests. And obviously when everything is up and running we will have our first open day!

 ;D you are wasting your time here  ;D

Mods should put some warning here

the price doesn't seem more competitive compared to Terrahash

Why should it be? They're competing on speed of delivery, not price. That said give them a chance to verify themselves if they are not taking payment.

SA and Dubai seems dodgy though. Strictly for the locals!

Presumably you'll be accepting credit card payments?

No one pays in anonymous currency for unproven tech here anymore...

They could only ship their product maybe after mid August? what's their big advantage on delivery?

Me applies for free test unit!

I will volunteer for a test unit too.

I represent the business community, interested in bitcoin due to the hard money aspects, but without the computer background that most forum members have.

Thanks.

I put myself forth as a validator.

I actually own a Batch 1 Avalon. Sigh, I also have an order in but am weary considering all the money being flung at the problem of ASICs of this side of BitCoinTalk.

You could say I am the biggest skeptic out there (check my ignore button!). If I say it is real, it is like receiving a blessing from the Pope. (Am I kidding?)

*John raises hand as a validator here*

Provided that they ship within this year, of course. ;)

Thank you for the interest. We will unfortunately be only looking to delivery the test samples to Hero / Trusted members. This is nothing against you, as I am sure you are a wonderful human being.  ;)

Conditions to receiving a test unit:

Please document the process with either a full video, or pictures. As well as a video of the module hard at work. We also request that it begins mining from the moment you receive it. We would hate for our hard work to end up as a door stop. 

The Hero members to receive a module:

- Candoo
- PuertoLibre
- JohnK
- juggalodarkcl
- ????

Once we have all the members chosen I will contact you via PM to collect shipping details etc.

I understand your apprehension, and until otherwise proven we are indeed just like every other scam out there. Unfortunately our delivery time is at the mercy of external shipping times. We are hoping they keep to their schedule and start shipping soon. But as previously mentioned, you may request a full refund right up until we start shipping.

I hope you have a lovely day. Or have had one depending on your time zone.

 I'd be happy to verify the quality and specs of your product if you need others.

Apologies Tubor, Should one of the chosen participants pull out for what ever reason I will be sure to contact you immediately.

You should probably give one to Kano.

Your delivery time is the greatest advantage, but take what to prove?

 ??? ???

Good luck, hopefully it's real and the validators can confirm.

 ;) I was joking. I don't even own an avalon.

In all honesty, some of the funds collected in this initial batch will be used to fund our operations in future. We don't expect all the pre-orders to sell. Its perfectly understandable as to why the community is apprehensive. We discussed it to a great degree as to what we should do. Fortune favors the brave. So we decided to open them up now. Unfortunately the only way we can prove otherwise, is to deliver working modules. So in the mean time we will try our best to validate ourselves until such time we can prove legitimacy with an actual product.

Ver y good service for avalon 3module owner.

I'm not avalon owner. But with the current difficulty. 22ghs 0.7btc have a benefit. Few days to repay the module.

Hi Bitcoin Megastore, I can understand your apprehension and distrust for new ventures. Unfortunately we have to start somewhere. I can only hope that you give us the benefit of the doubt in order for us to prove ourselves. This certainly does not mean pre-order from us! Just give us the opportunity to deliver. That is all we ask.

I appreciate your input. But we will certainly continue to strive to prove ourselves.

The cost price of a module, copying it from githubavalon not 12btc. It is true that a module has 80 chips that are little more than 6 btc. The pcb and assembly is not higher than 2-3 btc.
more than half of the module is the cost of chips. This may not be the fault of hashtech. If then it is a scam and does not deliver. does not know.

Uh,

You may want to check the list and make sure you send the units to people who actually have an Avalon.

I'd be happy to verify. I have no affiliations with anyone, ever.

Offering demo units to forum users to verify is certainly one good way of doing this. Good luck with this project.

If you can provide an address and phone number in Dubai I can have my father and my friend stop buy and they might buy all your 50 units if you have them.

My father lives in Al Ain and i was there couple month ago and if it is real i will give you guys a visit.

Theres nothing to buy m8 since they dont have the chips like anyone else.

Hi all,

Apologies for the lack of response to this thread. It has indeed been a very busy week! I will update with news and photos as soon as we are all set up!

Please note the following changes have been made.

The price per module is now 8.99 BTC. We feel it absurd to include such a high profit margin to our initial sales. Please keep in mind that the price will change over time. But for now, we feel this is a fair reflection of what you will be getting.

We have changed and reset all our pre-orders. We are no longer taking the full price for your pre-order. Should you place a pre-order you will be required to pay a 1 BTC deposit per unit. Refundable at any point. The remaining funds will be required once we have proven we have a working module and are ready to ship. This is a far more fair way of doing things!

Again, we seem to have everything on track and are just waiting for our chips to arrive. Should you have any further queries please do not hesitate to email us.

I hope you have a lovely weekend.

Kind Regards,

The Hashtech Team.  

Can you provide evidence for your Avalon chip order?

+1 !

Pre-order put down. ;D Looking forward to it!

Wooow Thanks! I didnt checked the thread for a while. So I didnt knew that I won until now.

I guess you will PM me when the module is produced?

Yes Sir, we are preparing all of the necessary information so we can post it all within the next few days. Pictures of the boards, offices, POP's etc. Apologies as I do not have the information as I was not the person who had ordered the chips. I'm simply responsible for PR.

@ Candoo

The 5 members will be contacted within the next few weeks to collect shipping information.

:/ I'm always the first naysayer in almost every ASIC thread, and the one I manage to refrain from abusing and close they give out free hardware to the naysayers? FUCK MY LIFE

lol, I imagine the next asic thread, you re gonna be hurling tomatoes on site!



       (in Samuel L Jackson's voice)
             "Say pre order again, i dare you, i tripple dog dare you!"    ;D



---

This thread is officially on watch!

New life motto: Punch first, ask questions while punching.

Interesting, lets see how it evolves!

Posting to follow.  Possibly interested in securing a module given purchasing specifics and timeline.

Let's see how this goes.
If it's real and sensible timeline i'd sure be interested in a few (dozen)

I think they are competing more on speed of scam.  Anyone taking non-refundable anonymous pre-order money is operating one of two types of scam.  Either it's outright take funds and never deliver anything or two a time delay scam - I take funds and use them to my pleasure and deliver only at a point when it's profitable.  No one will send you an item they can sell out the back door for 10 times more.

What kind of business wants lower profit margins. :o  How can you call a bitcoin transfer which is by design 100% non refundable, refundable at any point.   :D

Have they even ordered their Avalon chips yet? If so when? If not it will be at least 100 days before they can begin to assemble their miner.

Giving out demo units, an excellent way to prove if you're legit or not.
Let's see what this will bring us in the future.

Yes Sir, Chips have been purchased via numerous sources. All expected within the early batches. Thats hoping AVALON can deliver on time. All the purchase sources will be provided as soon as I have all of them.  

The whole idea behind the smaller profit and delivering the products to the hero memebers prior to full payment is to prove ourselves. We will without a doubt be increasing our profit margins with the next batch. This is simple business. It is far more beneficial to have the support of a client base rather than making a quick buck.

We understand that by design Bitcoin prevents refunds. That is why we guarantee to refund any payments prior to shipping in BTC to the payment address.

40 Units are left.

Have a lovely weekend.

The HashTech Team.

How do these two statements go together.  The only refunds you can guarantee is what you don't spend.  That's not a guarantee.

The Initial idea was to use the full price pre-order money to partially fund the project. And as we have changed the structure to use only deposits to secure an order now we will be using our own capital. Its even less risk to the buyer as they will only be required to pay 1 BTC per unit. This is refundable at any point prior to shipping.  I hope that clears it up.

Do you accept escrow

what if I order one without chips?

Yes sir, the only upfront fee required would be the deposit. Escrow for the remaining funds will be possible. Who is the preferred Escrow authority? JohnK? 

That would be perfect. Escrow with John K for the remaining funds.

Perfect. I will communicate this with him to see if he will be willing to assist. Thank you.

I can escrow this  ;D

I tried to register but never received a confirmation email so I can't log into your web sight.

Try it again from a different email client. gmail did not work for me either.

I can escrow too, currently free!

I had no problems signing up with AOL (yes, I still use AOL email... I've had it forever). Of course, it did go to spam. So check to make sure it didn't end up there.

Omg aol
I miss juno mail
http://i.qkme.me/3u0nu5.jpg

Just tried to order but all sold. GMAIL pisses me off! Did they block HashTech email?

The orders that have not paid their deposit over the past 72 hours will be opened within the hour.

So far 14 units have been paid for.

Units open again.

When will you deliver?

I am also very interested in delivery date before making payment for my miners. Also how firm is this date and do you already have a chip-order with Avalon etc.

No one is really giving them money are they?

Standard issue scammer thread just like all the others I have seen in my tracking of these companies:

Statement basically saying "we have an amazing new unit, but need money first though we have absolutely nothing to show for real, we promise to deliver!"

Ability to order a device despite zero proof they actually exist, that they have an Avalon chip order

Product pictures that are not theirs, those are straight up Avalon units on display.

No information about who they really are outside of a barley registered BitcoinTalk account. I actually am starting to think several of these are the same person because they are so similar to each other in how the thread was started and the voice of it.



Look, PICS/PROOF OR GTFO

What you are doing is fraudulent. Those of you sending your money blindly to these jokers deserve to lose it.

So is the 1 btc not through escrow?

Just no.


*edit these guys are organizing themselves BTC50 for a pretty good hourly fee. Use your heads.

As the 1BTC isn't used to order the chips, I don't see why we can't use escrow for the whole amount.

I'd be willing to use escrow with John K. myself if there's a time limit after which I can ask for my BTC back (like August the 31th as delivery is scheduled for August).

Delivery is expected Mid-August. Provided Avalon keep to their shipping timelines.

You're more than welcome to assume the worst about us. As I have continuously said it isn't possible to prove you otherwise until such time that we deliver. We have done our best to ensure that the risk to the buyer is minimal. We have lowered the unit cost. We will be providing free units to the community prior to requesting the final payments and delivery. We are using Escrow ( Excluding the Deposit ). The units are not massive capital outlays. If you could suggest any other way for us to limit the risk please feel free to tell us. As for pictures, when we have everything setup and I have been provided with the information it will be posted here.

The money collected during the deposit stage is not being used. But the reason we are requesting it is to ensure that the orders placed are serious ones. We have had many orders placed that are clearly a joke and unfortunately this is our way of differentiating between the two.  

As stated four times in your thread iirc, escrow the deposit to bitpop. Simple as that. Next up escrow the final payment.

My buddy ordered nine or ten units from you. He jumped off the train when he saw that every BTC1 preorder had a different wallet address. He didn't even bother to ask you why.

Also imho pics or gtfo :)

I'd apply for a test rig ... if not possible I'd take four units, but would like to test them earlier also, maybe you can make me a special offer, i can do all kind of video/photo documentation as needed

Fully agreed. If you are serious about selling these boards, you'll accept escrow for the deposit too. I'll certainly order several boards if you accept this simple condition. I have a preference for John K. myself, having used his services several times.

Agree with others. Please escrow the deposit!

If they don't accept full escrow this is very likely to be a scam.

I ordered 3 units but have not received an email yet with instructions on making my deposit payment.

One way to alleviate concerns would be to post a copy of your orders for Avalon chips including dates.

Please take escrow for the deposit. Ready to order 10 units.

Someone informed me via PM that I was accepted as one of the people from the community to verify the authenticity of these units when they become available.

I am happy to post pictures and write up a report and review of this product if/when something is shipped out, but have received no official communication at this time.

Looking forward to keeping tabs on this project. It's great the see the all this competition entering the marketplace, and unfortunate we need to remain mindful of and vigilant against dishonest actors.

Good to see HashTech being open and responsive to the community so far.

I would be in for one or two if you took escrow..

Support to escrow the deposit as well :)

I would like to request a review unit.

 I think all the review units are assigned.

I too would like to see these Avalon chip orders. That makes several of us asking.

What is the purpose of a 1 BTC deposit?

If you produce the product as promised, you can sell as many as you can produce for more than you're asking, so that's not it.

Is the deposit because you need the equivalent of $5,000 USD to fund this?   It seems your startup expenses will far exceed this amount.  In fact, it seems your expenses will far exceed your total revenue for 50 units at 8.99 BTC.

Not making much sense as a legitimate business...

Why is it that all these offers are always just on the verge of (but not actually) posting incontrovertible proof when they ask for funds?

I lol'd: The subject of the confirmation email - "varify and activate your Hashtech account"
The email is signed: "From The Hastech Team".

Not very professional guys. Seems like everything was quite rushed.

Hmm, domain registered on June 05, 2013. Thats not even two weeks ago.
Owner of the domain's CV doesn't give any indication of experience with electronics: http://www.ryanjulyan.com/CV.html

Number of units available on the order page jumped from 22 to 38... trying to get more than 50 BTC in deposits?

Dang Sherlock Holmes

Yes, actually. 38 units available also conflicts with the previous statement that 14 units had been deposited on. OP has some 'splainin' to do.

Give this one credit... was a smart plan get 1 btc reserve.... and say rest will be escrow. 

Sigh guess if it sounds to good to be true.... it just might be.

Idk I'm the most impulsive guy here and I'm not impulsing on this

and what would you think about this? https://bitcointalk.org/index.php?topic=227948.msg2504599#msg2504599

Nope not feeling it

And yet, there are many of this services already sold.
So, yes, I will not be convinced with this until I see some of the "test units" shipped and working but I can't start pointing something without proof.
If you're not convinced at least stay quiet until some proof starts to show, is the same problem I have, It's hard to trust in someone behind a screen.

By the way, I'm not supporting this in any way, I have my own projects in here, I'm just trying to point something very common in this community.

I felt bfl, knc and metabank

While I'd like to believe that this is at least a legitimate effort to sell a product, there are several factors that have not (yet) been addressed by HashTech:

1) Requests for escrow on deposit
2) A lack of Avalon chip order proof
3) Haste and lack of attention to detail in creation of the company

After we get this out of the way, then we'll want to see things like pictures of the design, prototypes, and the facility. There may be more of course, but until these points are addressed, the average member of these forums will continue to be skeptical.

I also don't think this is worth the risk because there is nothing special. There are many others assembling these chips.

Hi all,

Apologies for not replying sooner, I didn't see the replies until I got into the office.

Let me clarify a few queries made quickly. The way the website and system has been set up is that once an order is placed it will be held for a period of 24 hours on the system until such time that we have marked the order as paid. After the 24 hour period has elapsed the order is then released and then added back to the list of available orders. Nothing sinister I can assure you. There does however seem to be a problem with out ticket count. As such orders will be closed until we have resolved the issue.

20 units have been paid for.  

The following order numbers have had their deposits paid:

1, 4, 7, 11, 14, 15, 16, 18, 22, 25, 28.

Apologies for the poor authentication mail. This is unacceptable and will be resolved immediately. I'm ashamed to admit that I did not pick it up earlier.

As for escrow we feel that that having it for the remaining full price is only fair. The deposit allows us to make sure the order is valid and legitimate. Unfortunately we have had some rather disgusting orders as well as spam attacks.

As for the chip payments, I am not in possession of these as I didn't make the purchase. I am hoping to receive that information within the next 2 days.

We are not forcing anyone to order from us. We have simply tried to set it up as such that it limits the amount of risk a buyer has to take. You are more than welcome to wait us to deliver before ordering. This would be a sensible option. We do not require the funds. But again before crying scam at least give us the chance to prove otherwise.

                      

I'll be the first to order once people receive these and you make a bfl version.

I appreciate you taking the time to address each of the points I had raised. I guess now we just have to sit tight and be a little patient as we wait for updates and more details.

Escrow with a reputable forum member would give you the same warranties and give us some. Refusing to do so is a big scam alert.

Currently your offer is indistinguishable from a scam attempt with a cheap website (probably far less than $500 including the time spent setting things up) to make 50BTC ~ $5000.

There are lots of scammers around able to pull this and not many professionals able to make the product you advertise...

Instead of merely limiting buyers' risk ($100 USD+ is still quite a risk), why not eliminate it?

Either escrow the deposit, or don't require one.  If you ever actually ship product you will have customers banging down your doors to buy your 50 units so the deposit is completely unnecessary if this is not a scam.

This is a scam, anybody paying anything without escrow is a fool.

I still have not received an answer to my question.

"As for the chip payments, I am not in possession of these as I didn't make the purchase. I am hoping to receive that information within the next 2 days. "

If they can demonstrate early payment of bulk Avalon chip orders including transaction #'s etc. I might be feeling it a little more than right now, but escrow avoidance is always suspicious...

From the first post:


That being said, we're coming up on the "within 2 days" window. Let's see if HashTech can provide proof of those chips.

Could we have an update please ?

HashTech, have you received any notice from Avalon about your chip shipments ?

Tick tock. Tick tock.

Well, we're technically already past the two day thing. I'm assuming this thread isn't a very high priority for HashTech. There hasn't been too much correspondence. Maybe they just forgot about us. Though there hasn't been an update on the site either, though.

Hi all,

We will be refunding all those that have made deposits and be accepting deposits through Escrow. I will contact JohnK within the next few days to organize this. Please be patient with us as we have had a few hiccups with regards to our new offices and staff so I do apologize in advance if I seem to not give this thread priority. This issue will be resolved in the next few days.

Thank you.

I hope you have a lovely weekend.

Excellent news.

For those of us that have already made a deposit, will we lose our place in the que?
Thanks!
 

Yes, I would also like to hold my place in queue if at all possible.

That sounds great. This is the news i've been waiting for. I have placed a order with you last week. (#18 & #24) Let me know if a new order needs to be placed. Thanks.

Update?

Am wanting to ordering three when escrow done arranging.  Will only buy when having escrow available.

i am interested in this as well.  ping ping me when you have product availability.

Has anyone provided proof that HashTech ordered Avalon chips? 

No, we have not seen proof yet. As someone who placed an initial 1 BTC deposit prior to the deposit escrow, I have not yet been notified of a refund. I am still interested in the order, and would like to hold my place in line if possible, but have not yet received information on whether that will be possible or not yet either.

It does appear as though orders are currently disabled, as HashTech had suggested they would be. If you try to place an order for one now, you will not receive an email.

An update would be greatly appreciated.

With a batch 1 avalon I'm interested, I put in a order on the website for 1 hashing module.  At the time I clicked the order button it said 33 units left to reserve... checked back and now it says 32.  No confirmation email yet.

For those of you who made a deposit.  Good luck!  Lol

Update please. :)

yes... Koos my broer ... Please gives us an update  ::)

Any idea on the status of this project?

 No updates in a little while. People claim to have not received refunds. *grumbles*

LOL makes me laugh haha  ;D

My scam radar is going off the charts

On the website i see none of these promises have been kept.

Now you have fallen silent.

We can only assume you are a SCAMMER.

Feel free to prove otherwise.

Looking forward to buy one of your products. I follow this thread, if there's an option you can contact me on PM also, I have serious interests and am buyer who you don't have to seek for trust.

Based on the list of people they're sending demos to... yes, I wouldn't worry about... 4 of those 5 will be loud and vocal about it when they don't deliver.

HashTech
Last Active:   June 21, 2013, 11:54:19 AM

Also, I sent an email last Thursday and have not yet received a response. So if not a scam, then definitely AWOL. The unusual thing is that the website is set to no longer take orders. If you order one, you will never receive an email. This means that there is no possibility for additional receiving of BTC on HashTech's end. If this truly is a scam, I would think they would try to get money for as long as possible.

My guess is that this is a legitimate effort to try to create a product, but they are likely running into more trouble than they expected getting things going. "Please be patient with us as we have had a few hiccups with regards to our new offices and staff..."

Well fuck me running backwards and call me Sally. EVERYONE is going to beat BFL to the finish line.

In for the sub, I have 2BTC on deposit. Hoping to at the very least get that back :)

So was this a scam or what?

If it was a scam, it was a very weak one. They didn't make off with very much BTC, they could have gotten a TON more. Time will tell.

I'd vote yes. Haven't heard from HashTech in any way. He hasn't logged into the forum, hasn't updated his site, and has not responded to email.

Yes it is a scam, no phone numbers, no address or proper name, no proof of qualification, no Avalon chip order reference or date.