True.

Check out the original announcement for example: https://bitcointalk.org/index.php?topic=270384.msg2894615#msg2894615
Or the original ToS: http://pastebin.com/EfS9vmRf

^ this

I'm happy to see this product come together and I have no doubt it will be high quality so congrats to HF for that. At the same time FU HF for playing dirty marketing games with what could have been your most loyal customer-base. One BFL is more than enough.

Exactly. The only thing that matters is the modules. The rest is just cowbell.

Well, the BFL miners are very hard to flash. You need an Atmel AVR Dragon to do the job. So I'm looking for a software based flash solution.

Anybody know if the HF miner firmware can be updated by the user after delivery?

Clearly HF is rushing to get the BJ out of the door before X-mas so the initial firmware might be sub-optimal.

https://twitter.com/HashFast/status/410880058056638464


That sounds promising.

I've you have been around for a while you might have noticed that the bottom of each crash is higher than the peak of the previous bubble. So below $300 is unlikely.

Also it makes more sense to use a log scale when buying/selling bitcoin.

http://bitcoincharts.com/charts/mtgoxUSD#tgMzbgEzm1g10zm2g25zi1gRSIzl

How will the recent Chinese regulations on Bitcoin affect AM?

http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/

It came from Simon himself:

These twitter updates are great. Whoever at HF is doing these, thank you.

0.56W/GH/s does not sound very encouraging since they were advertising <0.5W/GH/s underclocked. Not sure at what speed they are testing at but it looks like consumption is +10% of what they were shooting for?

^this.

Phase 1: Build a good service
Phase 2: Build trust
Phase 3: Zhou Tonged.

Also: http://bitcoinexaminer.org/chinese-journalist-reveals-the-secrets-of-asicminers-mining-facility/

Yes, I met Simon at a Bitcoin Meetup back in May. He is a honest and stand up guy. Definitely more the techie type. He is not out to screw you over, he really wants to develop the best mining ASIC available. His association with HF was the leading factor for me to pre-order with them.


This is actually not that easy.

After my refund request was rejected I have contacted 2 attorneys that cover consumer law (http://wblawpartners.com/ and http://ohellaw.com/), however both have given me a notice of nonengagement so far citing "lack of experience in the subject matter". Likely because of the Bitcoin aspect.

I might reach out to a few others in the future. Note that I'm not out to sue HF, merely to get a full refund in BTC as I am a day 1 customer covered by the original ToS. If I find an attorney that specializes in consumer litigation that is willing to take this case the most likely way forward is that they will draft a Letter of Demand. That would put the ball back in HashFast's court.

Because I only have one unit on order I'm not as motivated as some of you to see this all the way through. On the other hand I do think that we need to counterbalance the actions of HashFast as currently it is a one-sided affair where the customers consistently gets the short end of the stick. I've been through a couple of similar cases before, most notably BFL and Bitcoinica. Doing nothing will get you royally screwed, but legal action is not as easy as it sounds.

The best outcome would be that HF ships a.s.a.p (Dec 16) and takes steps to compensate customers for their own failures, for example by shipping the MPP units with the original order.

If AM is not merge-mining NMC yet - now would be a good time to start as NMC is currently valued over $13 on BTC-e.

As margins get smaller, let's not leave money on the table.

Pretty happy with the dividends considering AM is still running on Gen1. FC clearly has a solid long term plan he is working towards so I'm staying long.

The ambient temperature warranty clause is largely a non-issue since there is no way for HF to verify this.

It does however illustrate the kind of thinking going on at HF.

This is why HF added the following:


I'm not sure when this was added exactly, but for sure it was not present in the original early August ToS.

August 9: http://pastebin.com/EfS9vmRf

side-by-side of Aug & Sept ToS: https://bitcointalk.org/index.php?topic=299193.msg3212178#msg3212178

Related: http://4x.reddit.com/r/BitcoinMining/comments/1r8pkf/just_got_an_update_from_hashfast_on_expected_and/

Edit: For shits & giggles I also did a quick diff on the MPP page:



The only thing they removed is: "We want our customers to succeed."

Edit2: Other changes in the new terms are regarding warranty:


Better not mine during summertime!

http://www.diffnow.com/?report=9luib

I highly recommend HF customers to make frequent snapshots of the ToS page using archive.org:

Save a snapshot: http://web.archive.org/save/https://hashfast.com/checkout/terms-of-sale/

Browse snapshots: http://web.archive.org/web/20131029014048*/https://hashfast.com/checkout/terms-of-sale/