This is good. Hopefully KnC will do something similar, if not better.
This will almost certainly come into play, dropping your prices to $14/Gh/s in "November" to $3.5/Gh/s by feb/march.
I guess it also means your profit margins are at least 75%.
That's the thing. Even if they try to do the same thing, their chip production costs should be significantly higher. |
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they have said that there should be some info today on the HashFast Miner Protection Program.
i think you'll like it.
Today's almost over in the east coast. they're finalizing the text right now. |
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the way you've tended to address me so far has not encouraged any productive communication. there's alot in that paragraph of yours. what is it you want me to answer?
Oh just looking for a civil discussion on any or all points brought up in that post. Or since you have such close ties with HashFast, maybe their opinion? You can't deny that the landscape has changed regarding pricing since they've first announced their pricing. There are a number of other companies starting to come out with their prices and estimated delivery around the same time for much less. at least you and i can now make some progress. the Dec 31 Refund Policy is something they had in place before i even met them. how they arrived at it, i don't know. i can tell you that from their perspective it's fair and they've said that they fully plan on honoring it using different options i alluded to up further in this thread. as for taking cc's we've already gone over that and if you really disagree you should bring it up with them. the only change in "pricing" that i'm aware of is KNC's reduction to $5000 in Nov. imo, and mine alone, it seems a little bit of a desperate move to retain customers. the question is, can they deliver at that price and still remain profitable? since you were at HashFast and signed an NDA, i'm sure that you're aware that HF believes their chip has significant performance efficiency advantages over KNC's as well as lower production costs. perhaps they have every right to have there pricing at $5600 which also happens to be the currently the best value out there? no one actually knows until these chips and machines are actually out there chugging away. I can agree that the power efficiency is probably much better if just looking at those numbers, however until coins received vs electric costs get to that level KnC Shipping quicker is much better (and the $600 you'd save would easily pay for the electricity gap between the lifetime of the machines) However don't mistake this as me defending KnC, there are others being mentioned as well. xCrowd, "Smart Machine" that just popped up. There will be others but those two are saying they are going to be offering $6/GH for their products. Personally I think any above $10/GH won't see the light of day in terms of ROI come end of October (This being if KnC Ships) I think companies need to expect $3-7/GH by November to see a return. However at that rate even KnC doesn't look like a good deal. BUT come to think of it, KnC knows how many orders they potentially need to deliver. If they feel the $5,000 price for their unit is a good deal then maybe I'm over speculating the Hashrate they will release. Who knows, for me personally I won't buy another mining machine until we figure out exactly what companies CAN deliver, if at all. There are just too many companies out now. Back when KnC came out there was just Avalon, BFL, and a Russian Company called Metabank that was going to offer Bitfury units (Sounds real legit hah). KnC was an easy decision. Now you have the following companies that all plan on selling some sort of ASIC. (In no specific order) Avalon (Gen 2) BFL Bitfury KnC xCrowd HashFast VMC Smart Machine ASICMiner Labcoin BTCGarden CoinTerra let me know if I missed one. As you can see though that's A LOT of choices, just too many companies to choose from. in my mind you can cross Avalon, BFL, and for sure BTCGarden off that after what happened today. the only one on that list that i think has a chance to challenge HF is Cointerra. but the fact is, they are 2 mo behind HF. that is an eternity in today's market. clearly it's a leap of faith when dealing with any of these companies b/c we just don't know all the details. and even if we did, i'm sure there are only a few of us that would understand what the hell we were looking at. we're all dependent on the knowledge level and sophistication of the engineers involved as they're bumping up against the bleeding edge of new technology. in these situations, i do what i did. get on a plane and go visit the ppl involved. you know as well as i these guys are not a scam. they're trying their best to produce a stellar product. Simon has been working on this baby for 2 yrs on and off and more on clearly since the beginning of the year. he's clearly a brilliant guy and quite frankly, he is the reason i've plunked my $ down on the table for my order. it's a leap of faith no question. but i truly believe they've created the best situation possible for themselves in creating a quality chip. his team of 4 engineers on the front end with Uniquify on the back should be enough to produce what they say. and you and i know that if they do it, it will make KNC's chip look like child's play and they will only be coming in one month later than them. and as i said before, i like the fact that HF has engineers on the front end which unfortunately results in some business mistakes, like the cart the other nite. i'm investing for the long run in the best technologists i can find. b/c out of the Golden Nonce 1 will come the Golden Nonce 2, etc, etc. Simon has the capability to make this all happen. and, imo, there is no better than the guys out of Silicon Valley/PARC. they have all the connections and resources nearby that can create synergies and afford a great advantage. with time, clearly the cost is going to come down under $10/gh. this will be good for small miners. all these companies will have no choice but to compete for not only the whales but the minnows, its going to be that competitive. will the mines drive out the small miners? i don't know. i think there is hope though which is why i'm willing to extend my setup beyond just my avalons. and i don't want to be late. i only started gpu mining in mid 2011. i didn't think i'd ever pay them off but the coins generated from my setup have more than paid off my rig costs given the price increase. so i'm just trying to grab and accumulate as many coins as i can before the next price ramp which is coming. i'm also probably buying my setup with more of a philosophical mindset than most others. i want to help decentralize the network as a solo miner. that's just me and my dedication to Bitcoin. the HR is going to level off though at some point. Jeffrey Paul, aka Sneak, made a great point on Lets Talk Bitcoin. it can't go up forever in this cycle of asic development. the constraint will be limited by the amount of USD that actors are going to be capable of or willing to throw at this space. it's not infinite and it will peak out for a while. the trick will be to buy enough equipment at a low enough price to make yourself a relevant actor. who knows what that level will be or how much it will cost but i don't want to miss out on the asic revolution. |
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the way you've tended to address me so far has not encouraged any productive communication. there's alot in that paragraph of yours. what is it you want me to answer?
Oh just looking for a civil discussion on any or all points brought up in that post. Or since you have such close ties with HashFast, maybe their opinion? You can't deny that the landscape has changed regarding pricing since they've first announced their pricing. There are a number of other companies starting to come out with their prices and estimated delivery around the same time for much less. at least you and i can now make some progress. the Dec 31 Refund Policy is something they had in place before i even met them. how they arrived at it, i don't know. i can tell you that from their perspective it's fair and they've said that they fully plan on honoring it using different options i alluded to up further in this thread. as for taking cc's we've already gone over that and if you really disagree you should bring it up with them. the only change in "pricing" that i'm aware of is KNC's reduction to $5000 in Nov. imo, and mine alone, it seems a little bit of a desperate move to retain customers. the question is, can they deliver at that price and still remain profitable? since you were at HashFast and signed an NDA, i'm sure that you're aware that HF believes their chip has significant performance efficiency advantages over KNC's as well as lower production costs. perhaps they have every right to have there pricing at $5600 which also happens to be the currently the best value out there? no one actually knows until these chips and machines are actually out there chugging away. |
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for all you know perhaps they want me to act as a counter-troll. someone to handle all the misinformation scattered throughout their threads by shills.
i am a paid sponsor/endorser.
they don't tell me what to say and i certainly don't have to take flack from guys like you.
Everything I've said that related to you was based on what you wrote. You have a pretty shitty attitude and earned whatever "flack" came your way. Regardless of that this thread is about HashFast so let's stay on topic. As stated before (and by multiple users on this thread) The current Refund Policy is not a very good one, I recommend that they implement a refund policy up and until shipping starts. This type of policy only enforces that the company is confident they will ship on time and if they don't it allows customers to reevaluate their decision to purchase based on new facts at that time. I personally still believe that HashFast will have a working ASIC, I'm not yet convinced on their timing but they are definitely a capable group. I strongly disagree with the pricing they are advertising based on what I believe the hashrate will be by the end of October but that is a personal assessment. I also disagree with the Bitcoin Only acceptance. Accepting Credit Cards and Paypal brings a lot of trust to customers as they have something to fall back on that is proven. Companies can go back on their "word" but PayPal and Credit Card Protection won't. (I again don't think HashFast has any intention of defrauding customers). I'm still trying to find out where the misinformation is. I do know that there's awkward silence when I bring up these points to you. the way you've tended to address me so far has not encouraged any productive communication. there's alot in that paragraph of yours. what is it you want me to answer? |
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for all you know perhaps they want me to act as a counter-troll. someone to handle all the misinformation scattered throughout their threads by shills.
Makes sense... because other companies that have done that, have had a positive response with this community so far... Where have I seen this before... Hmm... no, this is not the same as Inaba. i am not a company employee nor destined to work there long term as one. and certainly my destiny does not depend on them. the company needs someone to keep an eye on the forum b/c they have no desire to. i've only defended myself here from twisted allegations. if you look carefully i've never attacked anyone first. only responded and tried to explain. and i have passed on lots of helpful information both to and from the company. maybe i should stop the info feed and community advocacy and have the real interested ppl pm or email me? would that help? |
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I think we broke Cypherdoc, He's just not the energetic fun-loving guy we used to know. How times change so quickly  For what it is worth... I think he was referring to the "fan" thread and it came out a bit harsh. No he was referring to a thread I started when this subpoena news first broke... yeah, Bargraphics isn't the sharpest tool around. Such discontentment, Please take a minute to gather yourself back together. You are in fact a sponsor of HashFast. Please act accordingly. for all you know perhaps they want me to act as a counter-troll. someone to handle all the misinformation scattered throughout their threads by shills. |
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what's really interesting is that we have a 2.46% rally going today in the price.
What we have is a $12.50 *spread* between Gox & Bitstamp. Let's be real. there is nothing more real than a price advance; which is now 2.83% |
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what's really interesting is that we have a 2.46% rally going today in the price.
i seriously doubt they can do anything more than just request subpoenas. we all knew this type of thing was gonna happen but i think the cat is out of the bag. this is coming down to Wall St vs. Silicon Valley and i don't think that the gov't can allow something Silicon Valley wants so badly to be crushed.
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I think we broke Cypherdoc, He's just not the energetic fun-loving guy we used to know. How times change so quickly For what it is worth... I think he was referring to the "fan" thread and it came out a bit harsh. No he was referring to a thread I started when this subpoena news first broke... yeah, Bargraphics isn't the sharpest tool around. |
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stop with your FUD. it was pointed out to you several times in your "shit" thread that there was no mention of mining anywhere in that article.  Meow, there was no malice directed at Hashfast in what I wrote, I at least care about integrity, this matters, but you really aren't the sharpest tool, are you? Try reading, as I stated, 2/3 down; In addition to BitInstant, Dwolla and Coinsetter, the regulator sent subpoenas to the following service providers: BitPay, Coinabul, Coinbase Inc., CoinLab, eCoin Cashier, Payward, Inc., TrustCash Holdings Inc. and ZipZap, the person said.
Butterfly Labs, a technology company, also received a subpoena, according to the person familiar with the matter.
 so i guess KNC needs to be worried too. wouldn't matter that they're in Sweden given all the US customers they have along Paypal orders. what about all their promises? |
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stop with your FUD. it was pointed out to you several times in your "shit" thread that there was no mention of mining anywhere in that article. |
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that was so 2012. it's all downhill from here  |
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where is Beccy & Austin's unit?
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they have said that there should be some info today on the HashFast Miner Protection Program.
i think you'll like it.
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i mentioned to Simon today that the community was concerned about who would get priority, IceDrill or BabyJets. i emphasized to him that if possible the BabyJets should at least be delivered simultaneously to the IceDrill chips, if not before. he agreed that the small miner is very important to Bitcoin and it's decentralization and would do what he could to not disadvantage them. Eduardo has said so as well.
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Disclosed paid representative =/= shill, reading this bickering is annoying and totally inconducive to the real questions being asked here, which is the purpose of this thread. Take your accusations to the Scam Accusations board.
Anyways, what can we expect in the power department, any special preparations we need before delivery we should take note of? Will I need to call an electrician to run dedicated lines to the rig?
no. 4-5 Babyjets per residential household outlet. even more if you don't OC it. of course you can't have anything else on the same circuit which may cover multiple outlets. but then again, no one is recommending household use. |
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Disclosed paid representative =/= shill, reading this bickering is annoying and totally inconducive to the real questions being asked here, which is the purpose of this thread. Take your accusations to the Scam Accusations board.
Anyways, what can we expect in the power department, any special preparations we need before delivery we should take note of? Will I need to call an electrician to run dedicated lines to the rig?
no. 4-5 Babyjets per residential household outlet. even more if you don't OC it. |
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i'm not an employee of the company nor do i represent them. thus, i can deal with guys like you anyway i want.
I am pleased to announce that I have been selected as a paid sponsor for HashFast Technologies LLC. I have also been asked to join their Board of Advisors.
Do you or do you not represent them as a paid sponsor? You have a way of twisting truths. i am a paid sponsor/endorser. they don't tell me what to say and i certainly don't have to take flack from guys like you. |
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