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1  Bitcoin / Hardware / Re: 3 TH/s Bitcoin Mining Hardware KL-YUG by KotakLabs on: November 25, 2013, 02:48:36 AM
ACH facility means. If a merchant has USA paypal account and link their bank account with Paypal / provide them authorization.
That means, in the event that a user files a dispute or requests refund, then paypal can withdraw money from the bank account.
ACH facility is a two way fund transfer.

Something on those lines. But with Indian bank accounts, that is not possible.

P.S : Someone correct me if am wrong.


In addition:

This is a Pre-Order Product which is not yet shipping. If you’re uncomfortable waiting until the development is complete and the product is shipped, do NOT pre-order this product. Perhaps undesirable, but this is a pre-order market.

This looks AWFULLY familiar.  Where have I seen this?  Oh yeah... on the website of another scammer, BFL:  https://products.butterflylabs.com/600-gh-bitcoin-mining-card.html

Quote from: BFL
This is a Pre-Order product which is not yet shipping.  If you're uncomfortable waiting until the development is complete and the product is shipped, do NOT pre-order this product. Perhaps undesirable, but this is a pre-order market.

In short, I'm calling scam.
2  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: November 20, 2013, 05:41:43 AM
My deepest fear is that their business model was dependent on them shipping on time and that they were really hoping to not have to pay out any of the MPP, and now that it's obvious they will, there's no possible way for the company to honour the MPP without taking on substantial losses and/or bankrupty.  The hardware for the MPP is still going to cost the company more or less the same now as it does in a couple months, and if they made a gamble on not having to pay for it, everyone will suffer in the end.

That sounds like a good motivation for HashFast to withold hardware and mine.  I'm not saying they will, I'm saying it's something they've got to be factoring into the equation at this point, having already pissed everyone off significantly now.
3  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: November 20, 2013, 12:26:42 AM
Here is more detailed, slower videos.

http://youtu.be/uxgdAT7B_DQ

...

Photo wise, you can download it from

http://www.asic-review.com/public/bitmain_20131118.zip

for the next week or so, then I will delete them.

Nice, thanks for that.  Perhaps you should keep that zipfile up until there are shipped miners, hashing in the hands of customers.  Based on your pictures and videos, I'm thoroughly convinced that this product does exist, and that they have viable means of further production.  I'd recommend that anyone who buys one and is satisfied, also consider giving money to Sushi for his time/effort.

I also agree with the sentiment that Bitmain could release pricing right now; no need to wait.
4  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: November 19, 2013, 03:01:59 AM
tell me what you need to see to believe it! 

PMs are welcome!

Put up the raw photos and videos that you used to compose that Youtube vid, that's a good start.

No need to PM you; if you're serious about doing a good service to the community, do it all out in the open.
5  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: November 18, 2013, 11:31:39 PM
If I can get the printer working, that will be a small victory!   Smiley

You can't seem to resist making a bumbling idiot out of yourself, can you?

6  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: November 06, 2013, 05:16:46 PM
The cardinal rule of crisis communication is to get out in front with the facts.  Not getting out in front with the facts leads to rumors, conspiracy theories, anxiety and a disgruntled public... sound familiar?

It does actually.  In addition to my "box of fans" criticism (among others), I happened to notice that the "update" on the Hashfast site with pictures of Ciara's assembly line, currently posted with the November 4th timestamp, was actually pushed out on October 28th.  I happened to have their site still open in a browser with the old version:



More chicanery, more stupidity, and more ammunition for their customers to claim fraud by inducement.  Keep it up.
7  Bitcoin / Hardware / Re: Cointerra Mining ASIC coming soon on: November 06, 2013, 10:19:29 AM
you don't think its more likely that they've finished their first silicon and are now hiring a team for their second silicon.  

Are you insane?  By your logic, they finished designing something that beats every other ASIC maker, yet they're keeping that fact a secret.  That makes a tremendous amount of sense.

Anything else you'd like to postulate on?
8  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: October 31, 2013, 02:39:13 AM

Read again. He said "no official joint press-release". I think he meant that he was expecting a press-release from Ciara, not from HF's lousy PR.

To be clear, Ciara doesn't owe me a press release.  All I'm saying is that after Hashfast's bumbling marketing bobble-head being caught in multiple lies, I have no reason to believe this is any different. 
9  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: October 31, 2013, 02:37:46 AM
You are so full of shit I'm surprised nobody has buried you by now.

lol?

Quote
Nobody cares what you do or don't believe, because you are too stupid to do a simple fact check before accusing others of lying.

Holy shit you're stupid.  I emplore you to read, and re-read, and re-read... and then re-read what I said some more.  That is, if you're even capable. 


Quote
Cheesy  It's funny because you thought you were being a mighty White Knight of Pure Truth & Justice, calling out the villainous lies of evil-doers, but made a complete fool of yourself instead.

You're an idiot.  No matter how you try to spin it, the fact remains that

1) the pictures posted (with the word "prototype") in their name, are not production pictures.  The proverbial "box of fans" as Mr. Crumbs so elequently put it; a lie indeed.  And,
2) Ciara has yet to state publicly that they have any kind of exclusive agreement with Hashfast.  Just because Hashfast says it, does not make it so.

Now sit down and stfu.  Grown folks are talking.

10  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: October 30, 2013, 07:00:42 AM
CIARA is working exclusively with HashFast.  The competition will have to find another industry-leading goliath with logistic experience second to none.

I don't believe that.  How is it that you got Ciara to tie their own hands and agree not to do business with any other manufacturer of crypto hardware (I'm assuming that's what you mean by "competition")?  I call bullshit.  If your agreement really were exclusive, there would be a statement by Ciara to that effect.  I can find no such statement, and of course there was no official joint press-release.

That ridiculous "box of fans" you posted, should've gotten you guys shot by now.  It's an insult to everyones' intelligence.  With that, and as with so many other things, you people talk a good game, but you still lack proof.  So toss it up.  Prove to us that this agreement which you claim is exclusive, is indeed so.  Lest you look like more of the idiot that I've previously called you out to be.


Quote from: tacotime
HashFast claims that they are at fault for the delay in the application to substrate and no other company.

Thanks for the tidbit.  That's precisely why I said publicly that an engineer should have given that update, not the bumbling bobble-head marketing guy.

tacotime, you seem to be fulfilling your role quite well as a go-between and (hopefully) a community negotiating partner.  Keep up the good work.
11  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: October 26, 2013, 05:46:36 AM
The proverbial box of fans.  Sans the fans.

Indeed.  I love how they laid the radiators in there with no mounting, as can clearly be seen by the left-most radiator and it's off-flush orientation.  It makes you wonder whether those PSUs are mounted; my money says no.

Hashfast, plz stop lying to the proletariat.  That's not a prototype (because prototypes are designed to be functional; this clearly is not).  That's more like a mock-up, on the order of those done in grade-school with the help of Elmer's glue and construction paper.
12  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: October 24, 2013, 03:29:58 AM
Hashfast,

You are NOT ahead of schedule if you or your suppliers f*d up by two weeks.

That's what happens when a marketing bobble-head is allowed to give engineering-related updates.  I do hope Hashfast will work out a new deal with those of you in Batch 1.  Otherwise, from my vantage point, a missed October 31 deadline (self-imposed, I might add) would trigger the FTC rule requiring either a full refund or a reaffirmation of one's desire to keep waiting. 
13  Bitcoin / Hardware / Re: Gathering founds for legal action against HashFast on: October 24, 2013, 03:23:02 AM
p.s.  now you're quoted.  I'm just going to leave this here, in case you (or your handlers) later realize the absurdity of some of the things you've said and decide to edit your post.  Like giving away the "MPP" / "miner protection program" trademark and/or service mark to the community.


tldr: HashFast, 3 days after claiming that everything is on track, says that they will be at least 3 weeks late. 3 weeks later means that people like me, who bought batch 1 miners, will never see a ROI greater than (minus) 50%.
thegenesisblock.com says that our projected return should be 1/4 of our initial investment, if we can start mining by December.

We published a shipping windows between Point A (end of Oct) and Point B (Dec 31) and committed to issuing full refunds if we ship outside of this window (IE after Dec 31). 

What you're seeing is a narrowing of that window, and honesty on the company's part in communicating with our customers.
We believe that to be a good thing.

Naturally, we'd love to hear whatever you'd like to say - and if you feel we are doing things wrong, please tell us how we may do better.

That extends to any of our customers, people who are not yet our customers, and people who are not and never will be

Thanks!

HF

PS to answer your other point regarding the ROI calculations, some points we think are relevant include

1- We do not control the hashrate
2- Despite that, we came up with the MPP as a way to further support our customer's success. 
3- We then gave MPP protection free of charge to all batch 1 customers, who were not expecting it
     and were charged for it.
4- MPP protection is intentionally denominated in BTC, not USD.   
    Given the direction BTC prices are taking, it is possible our early or late customers will achieve ROI in
    less that 90 days - and still receive MMP protection from us.  No charge, no questions.

We are proud to be the first ASIC company to do that for its customers.
We're happy to see other ASIC companies follow our lead (down to copying "miner protection program" word-for-word); if it leads to ASIC companies treating their customers better than has historically been the case, we are all for it.


14  Bitcoin / Hardware / Re: Gathering founds for legal action against HashFast on: October 24, 2013, 03:18:57 AM
We published a shipping windows between Point A (end of Oct) and Point B (Dec 31) and committed to issuing full refunds if we ship outside of this window (IE after Dec 31).  

Actually, you'll be "committed to issuing full refunds" if you miss the self-imposed October 31 timeline, per FTC rules.  This forum is all too familiar with these rules, having done battle with BFL, PayPal and others.  If anyone should be speaking to an attorney, it's Hashfast.
15  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: October 23, 2013, 08:11:57 PM
I don't think enough attention has been paid to the actual update given.  And I think Hashfast customers might be letting them off WAY too easily.  What are these "substrates"?  Are we talking about the silicon substrate of the ASICs themselves?  If yes, their statement would make a lot more sense:

Quote from: Hashfast Propaganda
Once the substrates arrive, we can place the silicon and finish production.

If I understand correctly, the substrate is lost in space, there may be some ETA for it, but they're not telling you what it is.  And whenever they magically receive this substrate, they're going to finish packaging the ASICs and just assume everything went according to plan.  I mean specifically that the PCBs and everything else works the way they're supposed to, which they can't possibly know until they have an ASIC in hand.  Do I have that right?

So set sail for more fail.  At this point they were supposed to have ASICs in-hand, boards completely tested, and starting to ship.  If/when additional problems are encountered with parts external to the ASIC, you can expect more delays.  A quick recommendation to Hashfast: perhaps when you have engineering-related issues, rather than sending out a talking head, you should instead send your engineer to update your customers and address their concerns.
16  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: October 23, 2013, 05:25:24 PM
Quote from: Hashfast Propaganda
These machines are not meant to last just a month, but to generate value over a longer horizon — a goal only accomplished by building reliable, high quality products.

If Hashfast REALLY felt that way, it would guarantee its hardware for a more reasonable timeframe, like 180 days.  It's obvious that the ROI of your products will be either thin, or nonexistant, particularly for those who paid you with BTC.  Don't add insult to injury.  Man up and increase the warranty period, or stop making ridiculous statements.  kthx.
17  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: October 20, 2013, 06:11:39 PM
What exactly are they trying to acquire from that supplier?

There's been no official statement.  I made the leap, previously in this thread, that it could've been something as stupid as PSUs.  But they won't tell us.  It would certainly stand to reason, since they're apparently using a one-off run of Seasonics with a reversed fan in the newly-designed Sierras.

How about it Hashfast?
18  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: October 20, 2013, 03:37:41 PM
Hashfast never finalized a case design

You're acting like that's somehow an asset.  It's not.

p.s.  5 posts eh?  How'd you get out of your cage? Smiley
19  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: October 20, 2013, 02:19:21 PM
Sounds like utter bullshit to me.  

That's putting it mildly.  As a result of this design stupidity, it sounds to me like anyone who's already leased or built cabinet colocation for their Sierras has to:

1) Build some kind of duct into the side of the cabinets, to mate up firmly to the side of those cases and carry the exhaust heat to the back of the cabinet,

2) If not #1, then at least some apparatus to "block off" the space between the vertical rack rails and the side of the cabinet, and generally vacuum the entire space through a series of fans,

3) Forego most of the real estate on both sides of the vertical rack rails, which would normally be free and clear to tie down cables, and instead only run cabling subordinate to the construction of apparatus 1 or 2 above,

3a) In either scenario, blocking the front of the cabinet with blanking plates, will be key in most datacenter environments.  If the boxes sucked at the front and blew at the back, exclusively, then blanking plates would be less of an issue.

4) Ditch the cabinets entirely and switch to 2 or 4-post racks.  In leased colo space, this has tremendous implications, as the only way to properly and securely run equipment in those kinds of racks is in a caged space, which probably whacks out the economics of the whole thing.  Aside from that, what if a customer had already paid installation NRCs to a datacenter, thinking they'd need xx KW per cabinet, only to find out that Hashfast has pulled the rug out from underneath them with this re-design to 4U, and thus the quantity of power is halved and some of those already-paid monies are wasted.


Further, since there are apparently no engineering drawings of any of this stuff, as DeathForTaxes and others have called for, it's STILL subject to change.  For a company that holds themselves out as a group of experts, Hashfast seems to be acting like anything but.  It seems to me this could be easily resolved if Hashfast would simply sell what DeathForTaxes is calling "naked" boards.  No need to stop selling the all-in-one solutions, vis a vis the Sierras, but don't handcuff the customers who are trying to put food on their tables and yours.
20  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: October 19, 2013, 03:05:21 PM
p.s. since I wasn't talking to cypherdoc, and he thought I was, I can only conclude by his statements that cypherdoc == Hashfast_CL == unpaid.  Got it.

It's an elaborated plot, where Hashfast_CL PMs me with information that contradicts cypherdoc. So not only is he shilling but also suffering from a split personality? Wow... You are smart

The word you're looking for is actually "elaborate".

You're looking at me and what you perceive my intelligence to be.  But you ought to be looking at Hashfast_CL.  If this individual does work for Hashfast, why doesn't it bother you that they're giving you privileged information in a PM where any moderator (or any hacker!, as we now know to be the case) can read it?

Are you the pillar of intelligence, or am I?
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