It says "pay on delivery". So I take it ordering doesn't require you forking over money yet?
Most likely the site will let you pay for the whole thing if you so desire, sans escrow. Yet another avenue for the scam. We shall see. That option will not be available for at least 5 months. Sorry to disappoint. It's very unclear. What exactly does this mean? Will the site force customers to fork the full amount upfront on Monday or not? Or will the payment be due against delivery via escrow so the site will only take "sign ups" on Monday? You are talking about refunds but also talking about pay against delivery. So confusing. Please clarify. Thanks. |
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prices going up for nov?? what am i missing - at this rate based on my knowledge October will likely break ROI but not by much
Obviously if they can't move product at a certain price they will need to lower their prices but it doesn't make much sense for a company (any company) to say in stock prices will be lower than the higher risk pre-order prices. ASICMiner charges a premium ($ per GH) because their products are in stock. They can have gazillion products in stock and charge the premium of their lifetime but it's designed for the noobs since there's no way anyone can get a positive ROI with them. In addition, as time goes by, the same product should only cost less, not more since difficulty increases. ASICminer is THE premiere Bitcoin tourist trap. That's really what it is. In all fairness, AsicMiner has been reducing their prices over time. USB BE was 2BTC, then 1BTC, then .8 or .9 BTC and then finally .1BTC (for some). It just happens that AM doesn't reduce them enough for the customer to still make ROI (which makes sense from their perspective). Back on topic: Looking forward to the August deliveries (now with FOUR layers!)  Hahahaha. Of course it makes sense from ASICMiner's perspective. That's precisely my point so in the end it doesn't matter if they have reduced their prices from ultra-ridiculously non-profitable to less-ridiculously non-profitable (for most). It's the last product on earth an informed miner would buy. |
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prices going up for nov?? what am i missing - at this rate based on my knowledge October will likely break ROI but not by much
Obviously if they can't move product at a certain price they will need to lower their prices but it doesn't make much sense for a company (any company) to say in stock prices will be lower than the higher risk pre-order prices. ASICMiner charges a premium ($ per GH) because their products are in stock. They can have gazillion products in stock and charge the premium of their lifetime but it's designed for the noobs since there's no way anyone can get a positive ROI with them. In addition, as time goes by, the same product should only cost less, not more since difficulty increases. ASICminer is THE premiere Bitcoin tourist trap. That's really what it is. |
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The shares are moving fast! About 17million have been sold. At this speed, the third and final batch will be for sale at 0.0016 within the next 24hours. If you buy 1million now, and sell it again in 24 yours, you'll make 100BTC. That's serious coin, and its basically guaranteed (just as long as weExchange and BitFunder don't get raided or hit by a meteorite in the next 24 hours).
I doubt this market would be able to absorb 1 million shares in a decent period of time without losses given the bid-ask spread. Highly illiquid. Will see. |
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Thanks for understanding - we took a big risk fast-tracking these boards but we felt it was worth it. We depended on a Gerber export service provided by the experts we enlisted for PCB production. Somehow, this happened. We are stunned actually - its the little things that get you.
We hope to have verified, tested factory boards in about 3 days. This last FedEx "overnight" shipment took 5 days to reach Tytus and that is unacceptable. Poor Niko will have to get on a plane again to do this for us. For you Euro customers, he may ship direct from the factory - we are looking at the logistics of it.
Meanwhile we are not sitting still on that. We are setting up other sources of manufacture and assembly, both to support larger quantity of product, but also to avoid shit like this in the future...
For the record: nothing wrong with M-boards. Nothing wrong with chips. We ate the cost for bad PCBs and some scrapped boards that may get depopped if it ever makes sense.
Thanks a lot for the transparency, strong work ethic and commitment to you customers, Dave. I can totally tell a huge difference with other competitors who have a careless attitude and complete disrespect to customers. Sorry to hear about eating some losses despite all planning in place. Sometimes those losses are a 'tuition' for our own operational learning for the next round of products on the positive side. Feel free to post any address to donate bitcoins. I wouldn't mind donating a few here and there to the cause once my mining setup starts hashing :-) |
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ah ok, thanks for articulating that for the others whom I had a tough time understanding. i am not familar with the BitCoin universe like you guys. So, I can only speak about what I know (ie. securities and regulations). Your point is fair ArcticWolf. Sorry, I am not familiar with the BitFunder platform. After the IPO, what happens? Would there be ample liquidity for people to unwind positions? ie. if I hold 10% shares, can I just dump into the market immediately? If there is no liquidity to unwind, would I just need to hold and wait for dividends to be paid out? (This is a heroic assumption but I would assume that no one is brave enough to bid for 10% of any IPO without some pretty strong faith in the IPO, right?) Good try on coming up with an example Ytterbium. I like to talk about facts and specifics because it brings constructive value to this board. To thread crap with a bunch of ill-informed fiction is a waste of time. Now, back to topic... I could be wrong but if the 'insiders' know that chips don't work and would be delayed, why would 'insiders' buy the shares to begin with? Shouldn't they get the hell out instead of buying up shares? Again, I am happy to have a civilized conversation/debate. wow, that is the best you can come up with? i was expecting more. I guess you are just loud-mouthing without knowing what you are talking about then.. When you need to stoop down to attacking personally, it means you have already given up the fight cuz you know you are wrong. i am so disappointed. oh wait, may be I shouldn't because why should I be? can you justify what kind of info would "affects the stock price that the rest of us do not"?
If you are serious you need help. A specific example would be knowing that the chips are going to be delayed, or don't work. Martha Stewart was put in jail for trading on knowledge that a drug wouldn't be getting FDA approval the day before it was announced, for example. His fear is that if - further on down the road - the chips are delayed or dont work, the private investors could be given this information before the rest of the regular investors, giving the private investors a chance to sell their shares before the market downturn that this kind of news would bring Clearly, none of this IPO is being approved/scrutinized by the SEC and therefore this whole operation can absolutely be as discretionary as it can get. |
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Hi, in layman terms, what exactly are those gadgets for? Don't want to miss out anything important for my setup.
A normal computer power supply does not turn on the rails inside the computer until the computer tells it to by putting an 'on' signal on one of the pins of the motherboard connector. These devices supply that signal. If you connect your rig to an ATX power supply without something like this it won't run - there won't be any power supplied. in addition, I suspect that we will need to create a special cable to power the rPI from the ATX. Those type of boards have break out power pins so you can attach a 5 volt wire and ground wire to a usb cable. An alternitive would be to power the rPI off a normal wall wart but that seems a waste when you have the ATX supply right there beside it. /cet Wow. Thanks for the info. The product details page in the store makes it look much easier. The m-board seems to require 2 molex cables but I don't know whether an ATX PSU will supply power with only that or whether it must necessarily be signaled specifically via the PSU's 24-pin connector. In a way, requiring some electrical engineering/soldering skills can make it so more fun for hardcore miners though :-) just like driving a comfy yet boring Mercedes vs a 4WD in a muddy road. I just hope Dave can provide us some info on how to set this up (including mining software configuration) ideally without requiring any soldering skills once final product specs are frozen. |
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Hi, in layman terms, what exactly are those gadgets for? Don't want to miss out anything important for my setup. Cheers, |
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Regarding the PSU are there any recommendations (full miner with 16 h-boards)? Are those specifications still valid for the m-board included in the Starter Kit (August)? - Compatible with ATX PSU
- 2 x Ring terminal to Molex-Jr adapter cable
thx. if this was already answered feel free to link/help ... You need around 500W psu for full 400Gh/s kit. Safely ps: read this post first for someone fuk up Avalon miner https://bitcointalk.org/index.php?topic=269802.0I read that thread and apparently the issue occurred because the guy ONLY connected the ATX 24-pin connector to the board but didn't connect the rest of the other connectors to the Avalon board (I ignore what those are). So the bottom line is connect all the board connectors to distribute the amperage load. In the case of BF, does anyone know which connectors must be connected to the PSU. I don't seem to see any 24-pin connectors in the m-board layout pics. I think it only has 2 Molex in other to power it, correct? |
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yes, then don't order.
in fact, you can blame me for advising them not to take cc's. like i said in my thread, i had orders of 3 Jupiter's in at KNC, and 8 H boards with BitFury. i never intended to order that many as a whole simply b/c i was playing the Ms. Fickle game of hedging my bets across multiple companies fully intending to cancel all but one order with whom i deemed the winner in my orderbook in the end. so i artificially inflated the internal expectations at both these companies about what the demand was going to be going forward.
i consider myself a pretty rational actor and i knew if i was doing this that there were a great many of you doing the same thing. thus, i told HashFast not to take cc's or paypal. yes, it may decrease orders at the beginning but it will eliminate their internal volatility going into production. they will be able to plan their expenses much more precisely. HashFast doesn't want fickle customers jumping in and out of the order queue causing all sorts of headache and hassle. they want committed customers who really understand what they're doing and are willing to wait until the end of December at the latest before they request a refund.
i really think one of those companies taking cc or paypal could undergo a walletectomy by having a darkhorse company like HashFast come out with a superior chip product. yes, it may be just vaporware right now but tapeout is going to occur within a matter of days which is a significant milestone and they have additional plans in the works.
No refunds my a$$. We can call the FBI and Best Business Bureau at the first sign of shady practices and I can guarantee you'll get your money back. There's no hiding by avoiding CC or paypal. "Committed customers" doesn't mean stupid customers of leap of faith customers at any cost. In this country there are consumer and commerce rights. This is not in Irak o North Korea. |
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From the ToS: Except for delivery dates explicitly guaranteed in the order confirmation, delivery dates communicated or acknowledged by Hashfast are approximate only Buyer will give Hashfast written notice of failure to deliver and thirty (30) days within which to cure, unless the order confirmation explicitly guarantees a delivery date Buyer’s sole and exclusive remedy after such cure period or guaranteed delivery date is to cancel  the affected and undelivered portions of the order. No order, Agreement or any part thereof may be rescheduled or cancelled without Hashfast’s prior written consent. So! - How may I get a guaranteed delivery date while ordering, please ? - In case you fail to deliver, will you cover for the post fees needed to send you a written notice ? - In case I cancel my order, can I hope for a refund ? - In case I cancel my order after you failed to deliver at a guaranteed date and you don't agree to send a written consent to acknowledge that cancellation, what happens ?  Exactly. What's that about getting written consent from Hashfast to cancel an order?? Basically it's a nice way to say "No. I don't issue refunds (but perhaps only if I feel like but who knows maybe or maybe not)" More than discretionary: completely uncertain, random and obscure. So until they are actually upfront, transparent and serious enough on those fundamental policies my money is glued to my pocket. |
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We are live!
hashfast.com/shop
Might be interested but what's your refund policy? (I don't see any T&C or formal statements on this anywhere in your site or here). Why would you want a refund ? They have currently 506 units in stock, so for them, it's just a matter of walking around randomly and stumble upon a post office. I'm sure they are able to acheive that, even if a bit drunk. The reason doesn't matter. It's an ecommerce site so there must be some formal statement on that. Whatever that is. |
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We are live!
hashfast.com/shop
Might be interested but what's your refund policy? (I don't see any T&C or formal statements on this anywhere in your site or here). |
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We all want faulty boards so to save the length of this thread it might be easier if only those who don't want faulty boards say so. :-)
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So in retrospective, for those of us looking on what NOT to do and prevent accidents, why did this happen? That power supply should have handled current perfectly. Did you do custom cabling or what? I thought Avalon provided with proper cables. I still don't understand why this happened.... He ONLY installed the 24pin mainboard connector. Sorry for my ignorance but what else was he supposed to connect? power only comes through one cable AFAIK. I thought the same thing. And you if you try that, you'll end up with a melted miner. You have to hook up the 24pin ATX cable AND all of the power supply cables, like you would if you were supplying power to devices in your computer like a hard drive or a DVD player. Why it runs at all with only the single cable plugged in? I have no idea. I've put this thread up as well to see how much interest is out there for buying Batch 3 modules: https://bitcointalk.org/index.php?topic=269845.0 I've gotten some serious offers, but most are lower than I was hoping. Oh, I see. Seems kind of stupid that Corsair, OCZ and all those suppliers *assume* that the only application for their PSU is a PC. I'd appreciate if you could point me to some thread that tells me how to "trick" the rest of the cables. I have a Corsair 750W and I read the manual but never did it say anything about connecting all of them. However, I was planning to ONLY use the Molex connectors for my mining application anyway (I don't require the use of the 24-pin connector). Not sure if I'd be in trouble as well or whether the burning issue only happens when connecting the 24-connector cable alone...thoughts? The problem had nothing to do with a single faulty wire or bad PSU. The Avalon is not designed like a PC. All of its modules and controllers are all powered by that single PDU board. Because the power supply has a single 12V rail, if you only have the ATX connector plugged in, the Avalon tries to pull all of the ~800W (66A) it requires from 2 tiny (18 gauge) leads. That's ~33 amps per wire, but the maximum current they can safely handle is 6 amps each. The result is guaranteed melted wires, or worse as was the case here. When all the plugs are attached to the PDU, there are 26x 12V leads sharing the load, a much more reasonable 2.5 amps each. Doesn't the ATX cable itself consist of 24 cables not 2? It'd seem to me that the ATX connector would be enough to distribute all the load. |
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Oh, I see. Seems kind of stupid that Corsair, OCZ and all those suppliers *assume* that the only application for their PSU is a PC.
I'd appreciate if you could point me to some thread that tells me how to "trick" the rest of the cables. I have a Corsair 750W and I read the manual but never did it say anything about connecting all of them.
However, I was planning to ONLY use the Molex connectors for my mining application anyway (I don't require the use of the 24-pin connector). Not sure if I'd be in trouble as well or whether the burning issue only happens when connecting the 24-connector cable alone...thoughts?
The PSU worked fine, it was the connecting wire that had a problem, it appears to have caught fire and spewed molten plastic all over the board. Anyway, all you have to do is connect the 24 pin ATX connector along with the GPU connecting wires. Not sure what are the other "connecting wires" you are referring . My mining board will only have molex for a fan but that's about it. |
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So in retrospective, for those of us looking on what NOT to do and prevent accidents, why did this happen? That power supply should have handled current perfectly. Did you do custom cabling or what? I thought Avalon provided with proper cables. I still don't understand why this happened.... He ONLY installed the 24pin mainboard connector. Sorry for my ignorance but what else was he supposed to connect? power only comes through one cable AFAIK. I thought the same thing. And you if you try that, you'll end up with a melted miner. You have to hook up the 24pin ATX cable AND all of the power supply cables, like you would if you were supplying power to devices in your computer like a hard drive or a DVD player. Why it runs at all with only the single cable plugged in? I have no idea. I've put this thread up as well to see how much interest is out there for buying Batch 3 modules: https://bitcointalk.org/index.php?topic=269845.0 I've gotten some serious offers, but most are lower than I was hoping. Oh, I see. Seems kind of stupid that Corsair, OCZ and all those suppliers *assume* that the only application for their PSU is a PC. I'd appreciate if you could point me to some thread that tells me how to "trick" the rest of the cables. I have a Corsair 750W and I read the manual but never did it say anything about connecting all of them. However, I was planning to ONLY use the Molex connectors for my mining application anyway (I don't require the use of the 24-pin connector). Not sure if I'd be in trouble as well or whether the burning issue only happens when connecting the 24-connector cable alone...thoughts? |
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Update:First H-boards are off the production line! I'm very happy and excited about this! It's looking like we'll be able to ship everything in time!  Awesome job guys! Congrats! Any estimates on approximately when the 100TH product will be completed or when kits should start being shipped to customers? |
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So in retrospective, for those of us looking on what NOT to do and prevent accidents, why did this happen? That power supply should have handled current perfectly. Did you do custom cabling or what? I thought Avalon provided with proper cables. I still don't understand why this happened.... He ONLY installed the 24pin mainboard connector. Sorry for my ignorance but what else was he supposed to connect? power only comes through one cable AFAIK. |
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So in retrospective, for those of us looking on what NOT to do and prevent accidents, why did this happen? That power supply should have handled current perfectly. Did you do custom cabling or what? I thought Avalon provided with proper cables. I still don't understand why this happened.... |
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