I filed a claim for unpaid Batch 1 MPP today. I valued it at $6000 per Babyjet, calculated as 4 x BJ upgrade card @ $1500 each. I hope that others with the MPP will do likewise.
I did the same. |
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The sell walls are there to ensure the auction price is low on Friday. You only need a few coins to move the market down so you can buy in bulk at a fixed price at the auction. After the auction you pull the sell walls and up we go. Instant profit.
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Why the need of constantly upgrading something if its already good enough?? this kind of news is surely from bears.
It might be 'good enough' for today, but certainly not for tomorrow. Bitcoin needs a more decentralized PoW model and a way to scale to 1000's of transactions/sec. |
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Do you have enough disk space?
Yes, 30GB. My node used to run fine for the last 6 weeks. Issues started a few days ago. I've reinstalled ubuntu server 12.04 LTS & bitcoind but the sudden stop issue persists. I've contacted support and they responded: We do not allow Bitcoin mining.
After explaining to the support guy that I'm not mining but running a transaction relay he said would pass it on to management. EDIT: Moved to another VPS ( http://cloudatcost.com/) that does not have issues. New node available here: http://fullnode.org/EDIT2: Received a new response from weloveservers.net: We are not killing any 'bitcoind' process or daemon on our side. |
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I have a similar issue running bitcoind on VPS (weloveservers.net) bitcoind runs for a minute or 2 and then stops and becomes completely unresponsive. from top: 404 root 20 0 1306m 59m 12m T 0 5.8 0:02.69 bitcoind * bitcoind stop/start/getinfo/etc does nothing. * process status = T (Traced or stopped) * killing the process using 'kill' or 'pkill' does nothing. (EDIT: 'kill -SIGKILL 404' worked) * debug.log does not show any warnings. * I have 1GB RAM & 1.5 GB Swap so it should not be a memory issue. Last 2 messages in debug.log are: 2014-06-21 23:20:20 ProcessBlock: ACCEPTED
2014-06-21 23:20:21 ProcessBlock: ORPHAN BLOCK 0, prev=00000000000000004003e37d09bc0b26c00e799bb661405cc6457174af68e147 version info: root@cryptonode:~/.bitcoin# bitcoind getinfo
{
"version" : 90100,
"protocolversion" : 70002,
"walletversion" : 60000,
"balance" : 0.00000000,
"blocks" : 64085,
"timeoffset" : 0,
"connections" : 1,
"proxy" : "",
"difficulty" : 19.40479633,
"testnet" : false,
"keypoololdest" : 1403389725,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"errors" : "" What could be causing this? (bug, VPS provider blocking bitcoind, etc) |
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For some reason steam was giving me an "Unexpected Error occurred when purchasing" error when paying with my CC today so I went on the hunt for alternatives ways to buy steam games during the summer sale and found steambitshop.com/. Pretty awesome because I just set my Coinbase accounts to use 'bits' and noticed steambitshop already supports this  In any case, I bought 'Papers Please' and 'The Walking Dead Season 2' just now using BTC. Havent received my keys yet but I'm sure they will be mailed to me shortly. EDIT: Received. Thanks for the great service! |
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I went into the Bankruptcy Court in SF, three blocks from my office and literally around the corner from HF, and filed my papers in person. She, court clerk, provided me with the URL to file electronically and told me to pass it to other creditors. The URL is the same as above so I'll not repost. She mentioned that you can attach PDFs to the claim, I attached my HF order confirmation emails to my claim.
I'm trying to fill this out but I'm stumped by: 3. Last four digits of any number by which creditor identifies debtor:
and 3a. Debtor may have scheduled account as:
What are we supposed to enter here? |
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Warning: 1 million left.
Yup. 20,009,618 IXC mined so far. It will be interesting to see what happens when all IXC is mined. IXC is not used for economic activity, nor as a store of value. To continue operating mining nodes just to mine fees is probably not worth it. Assuming most merge mining pools will drop IXC if it loses all its profitability, the network security will drop like a brick leading to a further decline in IXC value. I hope I'm wrong. |
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How to calculate the 'Amount of Claim' on the proof of claim form?
In my case specifically - What should be the claim value for undelivered MPP? (1.6TH/s worth of boards).
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I'd like to see the creditor matrix as well.
Does it include creditors that are still waiting for delivery of the MPP part of their order at all?
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I received this in an email: HashFast creditors, customers, partners and suppliers,
As you may have seen in the press, on May 9 2014, HashFast had a petition filed against us to move the organization into an involuntary bankruptcy. We have been hard at work in developing a plan to see how to best serve our customers, supply vendors, and other creditors.
As a result of these actions, we filed a request to move to a reorganization under Chapter 11 bankruptcy on June 5, 2014 and the courts granted that request on June 7, 2014. We are in the process of finalizing our plans to best serve our creditors.
Our focus is to reorganize the company in a way that provides added value to our creditors, versus a liquidation scenario that would be of less value. As a part of that reorganization, Eduardo DeCastro has resigned as CEO, and we have reduced the operating team to the core functions necessary to continue operations and to effect our plan. In the interim Simon Barber is President and CTO, and Monica Hushen, who recently joined as CFO is handling business operations and bankruptcy matters.
HashFast has retained Katten Muchin Rosenman LLP as its bankruptcy counsel, and we will be working together to generate a reorganization plan that will allow us to emerge from bankruptcy as quickly as possible.
We will be sharing more specific information regarding our reorganization efforts over the coming days.
- The HashFast Team
Have not received this email. I'm a day 1 BJ pre-order still waiting on MPP. Haven't followed this thread on a daily basis but since they have a core team to continue operations (at least until chapter 11) does this mean they are still shipping in limited quantities or has everything stopped at this point? |
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You become a creditor. sucks.
You become an unsecured creditor so you will be at the very end of the line. Your chance to recover anything meaningful will be next to 0. Sucks. |
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I thought this doc was interesting as well: Why immersion is the cheapest and best way to mine BitcoinsFor Bitcoin miners, the catch is a different one. At current capacity, we can only build a small number of these large-scale systems this year, and we are building them in the USA. We don’t have all the time in the world and aim for a 10MW facility in addition to 10 single container systems in 2014 (and of course we aim for scaling up production). We don’t have a VP of Sales with a suitcase full of data sheets and powerpoint presentations. We are a small team, and we want to work with a hand-selected mining operator or two, shoulder-to-shoulder.
What we do have is a price of considerably less than $1 per Watt and that includes everything, including switching on the power button to bring your cluster online if you want us to, no matter if you need our help for the first deployment, for the second one, or all of them. |
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There is no friedcat.
"friedcat" is just an account with no RL name attached, Bitfountain could have easily changed account's owner down the line.
As long as he was giving regular updates yes, he was rightly labeled as reliable and trustable.
Then everything changed.
Like past dividends do not imply future dividends, past reputation do not imply you are still honest.
Especially if we don't even know who "he" is.
Brandon Lu (Xinyu Jiang) The same name and email that friedcat used for email in 2012 is associated with the AM200 design documents from 2014 so I don't believe account ownership has changed. |
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Further it is pretty painless to be added to the creditor list and ensure that you are notified of all proceedings.
Is there a creditor list already? If so, how can I file my claim? I have an August 8 BJ pre-order. Have received the main unit but not MPP. Since MPP was added on later it is not part of my original sales contract. I wonder if MPP claims will be recognized? |
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Unick does. I think he is away right now. If he is not back after the long weekend I will contact him. Thanks. It is back up and running again with 20+ connected nodes :) |
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First honest post from HF in a while... I imagine the new CFO's jaw dropped to the floor the first time she took a look at HashFast books and knew they had to make some tough and immediate changes. I imagine the company is struggling to survive at this point so this pivot makes a lot of sense for HF.
What it means for customers is unclear. I imagine there will be a number of 3rd party PCB producers competing to produce boards for customers. Also how does this affect the MPP conversion and shipping 'schedule'? If HF drops the ball again it is game over.
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