 We will see how it plays out, my information may be off, but if everything i have is true, this may work into hashfast's favor, while boning most of the customers. Whatever information it is you have, try to explain it so that it's understandable, or don't explain it at all 
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It would be nice if your lawsuit fell through You know what I would open a bottle of champagne for? Edward and Simon being held responsible and liable for the damages they did to their customers, that is what morici will probably be able to do. |
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I'm suing them for my deserved BTC refund too, but it won't come out of nowhere (thanks for the fact that they slept on the assets we paid for months instead of answering us, or paying us in chips in January, that is a scammer behaviour).
If only they stopped using the petition (that is a great and good thing) as an excuse to stop shipping and to lose even more assets, we could work something out before it's too late. You won't even be able to recover the costs of the boards in a few months.
Because this is what they are doing, painting the first good thing in months as if it was evil. And many customers believe them (look at twitter).
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No way I would give any more money to that company! If someone want to buy my chips to take the risk, that would be fine with me though. You are not putting your money in a sinkhole or the blackhole HL is. You are paying for the manufacturing costs only and a little management fee (like $30?). HL will have to provide a real schedule of everything. They will have to give you the invoices the manufacturers sent them so that you can check that your money wasn't stolen in the meanwhile. It will be hard at first to trust them, but if it's the only way, it has to be tried. Either that or a group buy with the same conditions. How many chips do you have, in your case? Can you afford to build the boards? |
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The boards are not $750 each, that's the ripoff price VMC is gonna make you pay. It's way less.
You could get full miners (psu, cooling included) for less than 1$/GH. Yes, less than the antminers people compares everything against and with half the power usage.
You could get them within 10 days. If you accept to take longer than that you could lower the board costs by another $100-150.
That's why I've tried the impossible to accept that chip settlement.
It would have helped me, It would have helped HashLabs, It would have helped other customers.
What HashLabs needs to do is start selling the complete package on their webshop. If you are a current customer, and you have a liability against them, they need to sell you the board (and the ASICs for free) for around $450. As a preorder, but you would known exactly where that money goes and what the delivery times where. If HL was under Chapter 11 it would be even better.
So, you get 700GH for $450. You either mine with it or sell it for twice that price. You flood the market with it, and as long as people are able to pay the board manufacturing costs, HL can put thousands of this out in no time.
You really need to flood the market with them, so that HF could possibly have a future, and you need to do it in no time.
This is the only real way to get value out of the company. If they only have chips, this is the only damn way. I don't say that we need to help the scammers. I say that if the situation is really that bad, we need to cooperate with the scammers that will have anyway their book triple checked during the bankruptcy proceedings that I hope they will accept.
Every "f u" post is really not helping and depressing.
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You are talking about 4 ASICs and a substrate in this case (that I guess to be cheap). You have to add the development costs and a profit. $100/chip is cheap. Yes, no one is buying and the offer/demand shifted completely during the last year. That's one of the reason why everything related to this HashLabs odyssey is so interesting |
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Please show me where you can buy chips of any kind for 0.15$/GH and you will have a point $100 is cheap. However I've yet to understand if they have chips or wafers in hand. I hope tens of thousands of chips, and then containers of wafers, but I'm daydreaming. |
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VMC's phone number is no good and emails I send bounce, why would anyone place an order on their website? Because they are filing a gap in the market, the gap being people who have chips and want boards. They could find some desperate. If there is enough demand, I would organise a batch so that you don't have to trust them and pay their extra profits. To be fair, I was told they are only stopping until they have come up with how they are going to respond to the petition. I was told the same about my poor chip settlement. It only means that they want to stop, not that the petition forced them to. It's a legal BS, if you are interested in my opinion. However, now that the value of the chip is public, you can do a little calculation: "tens of thousands" =~ 50k. 50k chips * $100/chip = $5M. It's a stock that loses value daily, approximately 1% daily. So every day they waste in legal BS equals to $50k evaporating. Cheers. |
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So it seems my order would have been shipped in the next 2 weeks, except someone decided to slow things down even more with the petition. HashFast is still completely in charge of everything. If they told you anything different, they were lying. If they fail to respond to the petition within 21 days, only then, things will change. If they really wanted to ship you your batch 3 sierra before the end of the month, they will still do so. VMC is taking advantage of the market being flooded by HF chips. Unsurprising for (what many define?) a scammer. They have a really big profit for every board they sell. If there are enough little customers with chips (and enough cash to pay for the manufacturing) I would be happy to do my best to organise a "group buy" for placing those chips into their boards. |
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For all our criticisms it's nice to see that Ken & Co. continue to search for ways to create business... this is good to see.. Gold Rush PCB Assembly $749 Fast-Hash One Gold Rush PCB Assembly. We are currently offering Parts and assembly for HashFast chip supplies. We will be taking consigned chips for Assebly at our Construction Management contractor. This is a great solution should you have purchased chip only from HashFast and you are looking at getting this on a PCB for mining. This Option includes One PCB Blank, All components, Assembly, Board Testing and Engineering Test. You will in turn recive a fully functional board and chip unit. Gold Rush PCB Bulk Order $199 Fast-Hash One Gold Rush Blank PCB. This is a 12 Layer engineered board sample that is currently in production for our Gold Rush Fast Hash One boards. It is based on a Reference design from HashFast Evo Yoli boards. We have a continunious supply of these in our production facility, PCB Fab as well as Engineering Sample available. Email for bulk order or Assembly Pricing. Fast-Hash One Gold Rush $849 Long awaited 28nm 750 GH/s mining boards have arrived. The 750 /GHs mining cards that are 28nm ASIC powered. Board availability is in supply chain and will continue. We will only sell commited stock on a first come fist serve basis. THIS IS NOT A PRE-ORDERED PRODUCT. http://virtualminingcorp.com/shop1/index.php?controller=new-productsFind X, where X is the value of a chip. |
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Anyway... 3 articles on ars, front page of reddit, lots of mentions almost everywhere (even @Bitcoin) and tens of thousands of chips on hand...
The Bitcoin network spends 5 millions a week to finance it's expansion process. How could HashLabs possibly fail in the meanwhile? Independently from how hard they tried to destroy the company, I think that they have still a long way to go.
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It must have been another fire.
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It's not a lag, it's a problem, unfortunately. I'm looking into it right now. There is a backlog of around 4500 posts.
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And, to be honest, those that wanted BTC refunds didn't have much interest either. I feel offended by this and since that it's the third time in a row you post it, I'm gonna answer your flame: We all worked together and went to great lengths to persuade HF to work with us, independently from how we paid. None of us succeeded, but not for a fault from our side. They decided to wait until their assets devaluated to this ridiculous standard before starting to help us helping them. What a great plan! One little and now public contraction: The reason why they didn't noticed that the boards were late, two blogposts or so ago, was that the core competence was focused on the ASIC. I underlined during that Skype call that no matter how much they wanted to focus on the ASIC, there really wasn't anything you could do on your ASIC once that you taped it out, apart from maybe staring at it. I guess that they agreed with me on that since that they changed their version, now it being that due to Edward's house fire (I'm really sorry to hear that, Edward. Happy that you recovered.) Simon was temporarily in charge of the business aspects and forgot to take a look at the status of the board in the meanwhile. About HashFast LLC holding the IP... Is anyone surprised? Now, the subsequent and logical question becomes, how did HashFast Technologies paid for the usage of the IP HashFast LLC holds? Maybe with a famous Bitcoin transaction? No, I refuse to believe that. |
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I'm sorry, but that's global setting. It would have sense to have it, I agree. There is probably a mod for that. I've a list of things to do on Bitcointa.lk that I've delayed for a while, however I'm gonna catch up.
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More permanent link: http://web.archive.org/web/20131207160528/https://hashfast.com/silicon-in-silicon-valley/ Create an account on the .org and I will be glad to give you editing privileges Edit: It's already there. Anyway there is a lot more than that to prove our points (even that simple and single point) and force them to disclose contracts, emails, tracking, etc. I'm reluctant in talking about that because I don't see why I should help them filing the huge holes of their story, so keeping it private makes sense for now. |
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That's funny, because I lost a .net used as a CDN for a website of mine thanks to it being registered via Godaddy... They sold it in an auction and I discovered it when the new owner changed the DNS servers and I received a flood of emails telling me I was down...
HashLabs is lucky, they won't have their domain auctioned without them knowing...
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I asked them about that, quoting that date. They answered that they actually had the wafers in hand the 28th of October (Edward said so, asking for a confirmation to Simon in the meanwhile) (they might have said 29th, unsure). They added that they also asked TSMC to stop the rush they imposed on their order, since that the board design was late and there was no point in rushing the ASIC anymore.
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