HashFast had many opportunities to fix things, yet they decided to keep digging a deeper and deeper hole.
The lawsuit we saw today is likely just the start and I would not be surprised to see this company become insolvent as customers are forced to take the legal route now and try to salvage what they can before it is too late. I.e. it is not just Batch 1 customers that are f*cked but all batches.
Your right (IMO) The wheels have officially fallen off at HashFast. They have openly declared they want their customers to basically take a ~90%~ deduction on their BitCoin Payments. Now they are even reducing the time (arbitrarily) for customers to request a refund. Folks, this is what a company looks like when they are openly bluffing in the hopes that your too stupid to see the pink elephant in the room. They are hella' screwed. Call their bluff and lets see what happens. |
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Does anyone else has this message in butter bot since yesterday ? The MtGox API is currently having issues but we will keep trying. Butter Bot will recover automatically once the API is back up. Also BTC-E keeps disconnecting, and I noticed if I go to chrome://extensions/ and stop and start again the bot, BTC-E will now show "connected" I have Butter Bot version 2.5.1 Anyone else has these problems ? How did you obtain the newer version? |
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The developers are working on a system to host a bot for you for an additionaal charge, but its not done yet, that would be the only way to not have to have the bot running on one of your own computers 24/7.
As for the settings, I didn't like the starter settings, and changed to settings I found in this thread soon after the starter settings bit me in the ass one day. Since then I've found my own settings by using the backtesting engine & just playing with random numbers until I got something good. It didn't take long, maybe half an hour.
im a noob just to get this right you tested out the recommended settings from the CEO at page 1 they bit you in the ass so you tested out other settings at the "Engine" -->"Test your Settings" gave in your numbers pressed "Run Test" and configured it until you reached a % way higher than the yearly Profit of 12750.39% at the recommended settings? At the last page someone mentioned someone was able to get the "Run Test" settings up to over 50.000% did I understand that right? 50,000% not 50%.  Edit: The trick to the 50,000% over a year is taking a large enough sample of the market at 1 minute intervals to map out the "noise". (price wise) I used a 2 day sample, so perhaps not the most efficient of results, but 50,000% is not bad. The first part is running a bit of excel math you can extrapolate the most efficient settings. Just high enough profit but not low enough to eat too many fees. Frequency rather than quality. The second part is using the two threshold values provided in ButterBot to mitigate the losses incurred. There are a commulative number of small "noise" oscillations in the market that aggregates a higher profit than the larger oscillations which happen less frequently and which low frequency trading is usually targeting. (Most peoples settings when using butter bot.) ========================== "Noise" occurs anywhere from 1500~ times a day to 770 times a day. A portion of that is useful while the rest is not. Large oscillations occur anywhere from 1 to 20 times a day. (Depends on what you consider "large".) ----------------------------- If butter bot was reprogrammed in a more sophisticated way to account for more than EMA changes, it would probably do much better than it currently does. Though using multiple strategies and multiple accounts will probably gain you more profit than even that 50,000%. Maybe not. |
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Okay, time for looking at my imaginary crystal ball:
We know that HF had PCB issues. (confirmed as we all know)
Some of the ?demo? units sent to a customer appear to be running only partially. I can either speculate it is damaged during shipping (which would not be a good sign) or it was sent to a customer as the best working thing they had at the time.
(Probably also not a good sign.)
---------------------------
We know they are saying "they are working on it" (paraphrased). So I am left to assume that something is sufficiently wrong with their design that they aren't wasting chips and have closed the doors to new sales. (until recently, apparently.)
Best guess, at the earliest, they will ship sometime in the fifth week of January. (Inaba-isms)
Or
They have real trouble.
So what does their twitter feed say? Or are they avoiding that too?
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I was and am being paid to write a driver for them.
And you did get paid for your work? Or you're waiting for your payments ? It might happen that, you're going to the be the only person seeing money from HF :0 I have already been paid at regular intervals, though part of my deal was to receive hardware as a significant proportion of my payment so I'm not particularly happy about this situation either as you might imagine. ckolivas As always, your honesty is refreshing. I hope you finish getting paid. (P.S. Did Kano ever buy you that "low resistance" golden keyboard for your programming?) |
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Is everybody using the new version except me, or did it not push out like was mentioned earlier? Can you guys put the versoin number somewhere on the windows we see, like an about tab, instead of having to go into chrome settings to check it?
Thanks...
I too haven't seen an update. I guess it must be an issue that creeped in at the last moment? |
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if lawyer wants contingency then he will make more money on it and you will get less money. Amount of work in this case, I think, is limited. Going to celebrity lawyer maybe a mistake. And paying for work maybe a better outcome since after first case most other cases are about the same.
as long as you claim refund right before Jan 15, you will have time after that to find the right lawyer, but should be done ASAP
Then, rather than committing the mistake of paying this guy a huge amount of refunds by going to mass action... Why don't you start a collective fund so that this guy takes one person and works on the case to it's conclusion. If he succeeds then you can get cheaper lawyers to do the light work of referring to the first case as a precedent (assuming that even applied). This would make it easier on the pocketbook of customers and leave the lawyer with a less than fat wallet. |
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Do I sense a growing battle between Batch 1 customers and Batch 2, 3 and 4?
Batch 1 customers failed to get their hardware on time. Now they are seeking the return of their (substantial) funds. While Batch 2, 3 and 4 are probably worried of the ship sinking before they get theirs. (well not that it matters even if they did)
Someone should start a poll to see how Batch 2, 3 and 4 customers feel about this whole drama. Especially how they feel about Batch 1 customers on their "refund standoff".
We are on day 5 of the new year and there are only 26 days left until the next (Batch 2) deadline. If it goes south for Batch 1, then Batch 2 probably won't hold their complaints to themselves or probably even wait until the deadline.
Quite the Pinch HashFast finds themselves in...
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So, just out of curiosity, what happened to the poor guys who signed that indescribable refund request HF sent at the end of the year? Did they got their 15% refund at least?
LoL, might be a bit less than 15% now that the market is going up again. |
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That guy has a massive rash....
Lets hope they are competent sales do'er rather than watcher'ers.
@ PG
Your emails reveal what probably most of us (the smarter ones at least) suspected. They are going to ignore their customers until the 15th.
If you apparently wave cash or promise Bitcoins transfers, they will apparently respond straight away...
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Another photo studio? Why are they always from a photo studio and why do they always want to get into a buisness of selling ASIC to Bitcoin Miners? |
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************** V2.5 Released!!! ************** Friends, V2.5 has been released; you do not need to do anything, your software will update automatically throughout the next 24-48 hours. Please do not hesitate to let me know if you have any issues at all  . Change Log: * New Charting engine which offers more features and increases availability (also fixes BTC-E issue) * Fix for buy-order-triggered flood * Several smaller bug fixes and improvements Pablo. I would ask you to reconsider rolling out updates automatically. Some users will want to wait and see if other users find bugs in the newest updates before rolling it out on a production and live environment. It has been more than once that even beta testers have missed certain bugs which cause (somewhat) serious problems. If there is a goofup somewhere down the line and a critical bug remains undetected until it goes live across a wide variety of computer users with different setups....well, I am sure those users will be hounding you guys for the BTC that is lost. I think it is a nice idea. But it is not without serious risks. At least if someone opts-in to install it, you can point back to some kind of Terms of Service that protects you. Rolling out new versions automatically is fraught with all sorts of problems. Keep this firmly in mind, if the update process is transparent and does not ask for user intervention, the basic thrust is that you are swapping out code and running it on many users computers. Even in large scale rolls outs, companies don't swap out new software versions until they have time to test for bugs that the developers often can't catch on the first try. |
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Is anyone using settings that get greater than 16,000% when backtesting on BTC-e for 1 year, who would care to share such settings?
16,665% is the best I've been able to come up with thus far after running the bot for 3 months, and I'm just wondering what other high-yield settings might exist to beat this little record of mine here.
Once I saw someone in the thread talk about how they were getting 18,000% somehow, but they didn't share what settings were able to pull that off.
Thank you in advance.
42,000 % over 1 year if I recall correctly. Some settings as high as 53,000% though I don't recall ever talking about it publicly. You can probably do better if you employ multiple trading strategies with separate accounts. You should aim for 21~23% per week in your back testing. |
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My bad looks like pics are cointerra. Where is cointerra located?
Here is what the seller says " They are in Texas where my brother works. He works for Cointerra. I'm flying there this weekend to pick them up in time for the auctions to close and then shipping them to winning bidders. - butterfliesandthings " When you see butterflies....run...as fast as you can! |
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It doesn't matter what your ToS said at the time of purchase, no one is going to be refunded 50-60 BTC. It's absurd to even wish that could happen. You're going to get $5600 (or whatever you paid in USD) back and that's it.
Where were you when they were claiming thats exactly what they'd do? I don't recall any posts from you on it then. I suppose you are not actually a HF customer and instead bought from their competition without these "absurd" claims, at 1/5th the price? Why do you think it absurd? If they'd collected the coins and sat on them— after all, they say their fabrication was paid for by investors not by spending preorder money— then they could easily return them. Or do you mean its absurd in that they're now sitting on millions of dollars of other people's coins which they obligated themselves to return but can plausibly escape doing so without consequence because of the cost of a legal fight and the possibility of them spending themselves into bankruptcy first, and so it would be "absurd" to honor their agreement? Is that what you mean? What's absurd? That anyone believes that they sat on millions of dollars of BTC without exchanging them for USD. Sure, maybe development costs were initially covered by investors but where has the money for materials and salaries come from? And HashFast would probably bankrupt then selves if they tried to refund even 25% of their sales in BTC. And no, I'm not a HF customer. I'm just a curious bystander and ASIC enthusiast. Does that mean I shouldn't have an opinion and can't post here or something? Keep in mind they are not free to use (or spend) any funds until they have delivered a product. Did any of you recieve notice that you were investors in a company? (No?) I believe their customers only agreed to purchase a piece of equipment with a deadline. If they didn't meet the deadline, people are free to cancel, request a refund, and obtain their original payment (in some early version of the TOS). There is no real "Get out of jail card" in real life. Hence, probably the reason for the silence. ========================== I do not wish to assume too much. Though I would not be surprised if HashFast is ignoring all refund requests that do not conform to their own motives and methods. The next you will probably hear of them (I speculate wildly) is when the deadline for cancellation and refunds has passed. You probably won't see a rep until the 15th January. Today is the 3rd January. You have 12 days until then. ============================ I hate to say it, but even silence can be a pressure tactic. So if you see a member (especially one with connections to HashFast) insinuate that you aren't sending in a valid refund request by not using their form before the 15th. <taps side of nose> ...well you know that is BS. There is no obligation to use HashFast's agreements. Your original TOA (Terms of Agreement) are your first and last agreement with HashFast. They can write whatever they want in newer revisions. Unless they ask you to agree to changes, they are up the creek without a paddle when it comes to refunds of payments. Their lawyer can only do so much in such a scenario, I suspect. |
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If HF had been contrite and willing to offer up some kind of plan to make their customers whole, I think a number of us would have been willing to let it ride.
All the batch 1 customers have seen is marketing material, proof that they don't know what they are doing, panicking, and not communicating with itself... ahh... not a good sign.
Feels like there is blood in the water.
If they shared a plan, and executed on that plan, b1customers might have given them the benefit of the doubt. Right now HF is looking like a round trip ticket on the Titanic. From the passengers perspective, the ship is taking on water. Most of us are heading to the lifeboats, while the PA system is blaring "future trips once ordered cannot be cancelled", while another is saying "no future purchases are being accepted" and most annoyingly a third is telling us "we made it" while we clearly are surrounded by freakin' icebergs. Apt and totally Hilarious commentary. You get no benefit of the doubt with that behavior. You get angry websites highlighting the insanity, and a mad dash to the editor.
I corrected it for you. |
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looks like they ignore all refund request according their former TOS versions. but this is not important. we agreed to the initial TOS. nothing else. don't hit the trap with the new refund contract!
Seconded. If you have to, type one up. It's better than signing their own Rights-Stripped-and-Bent-Over version. |
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I dunno about any ads on the speedyshare website. I don't see any of it since I have plenty of ad removers installed. If there is a problem with the speedyshare website then I'll just stop using it.
More-than-likely a false positive. I wouldn't sweat it. The .doc you uploaded is kosher in any event. What sites can be used that don't employ any crapware wrappers or use any ad pop-ups to give free hosting? I like Ninja's version as it seems more spot on and comprehensive. (Two forms) But the old hosting site I used would make it a moot point to make a generic copy to post online. |
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Requested Refund using form. Also asked about being able to use the 5% and free shipping on my already bought Batch 3 BJ. The 5% off and free air is only good on new purchases after the submission of the refund request. I'll let you know when I get the cash back. ------------------ Good Evening, Thank you for returning the completed forms as requested. We have notated your account and will begin to process refunds shortly. Regarding your second question about the 5% off/Air shipping - This is meant for new orders that have not yet been completed. Kindest Regards, Erin Customer Service Manager -- HashFast Refunds refunds@hashfast.comOMG, you actually opted to use their lawyer prepared REFUND REQUEST Form with all the insidious clauses that screwed you? Word to the wise, don't do it. Make your own! ------------------------- Also, I guess [speculatively speaking] that this means HashFast is ignoring all requests they don't get with their lawyers version? They definitely can't do that legally. They only require you send them notice, there is no obligation to use their lawyer edition® of the request form. |
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