Nobody forced HF to offer full boards for MPP. The customers agreed to receiving chips when they ordered the units so don't blame this on the customers. They should've kept their word and they should've offered bare chips as MPP. It wasn't HF job to secure the mounting of the chips on PCBs.
That's right, upgrading the MPP chips to full boards was a voluntary gesture of good will. It was a popular move at the time. But dissecting the decision in retrospect is unproductive Monday morning quarterbacking. You are trying to participate in a debate that happened like 9 months ago. This is the post-bankruptcy thread, not the pre-one. Well you are stating in the OP Fact One: HashFast wanted to give us our backorders and MPP in the form of chips, but now cannot thanks to the bankruptcy filing: That's a damn lie! They could give MPP in form of chips long before the bankruptcy! Same as full bitcoin refunds! LIE! |
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The facts are clear. HF failed to keep its promise of delivering MPP in form of chips and deceived its customers from Day 1. The October delivery was a big fat lie just like bitcoin refunds.
Your allegations, however serious, are not germane to matters at hand. HF is bankrupt, and their nefarious misdeeds are water under the bridge. But many of us a stake (or two) in what happens to their creditors and assets. You can go easily go back and read the ancient historical posts which led up to HF offering full boards. It was done because raw chips had little value at the time. I'm not sure what you think harping on that change accomplishes. To quote Hildebeast, 'At this point, what difference does it make?' for MPP. The customers agreed to receiving chips when they ordered the units so don't blame this on the customers. They should've kept their word and they should've offered bare chips as MPP. It wasn't HF job to secure the mounting of the chips on PCBs. |
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Don't you have anything on-topic to contribute?
What's the purpose? The facts are clear. HF failed to keep its promise of delivering MPP in form of chips and deceived its customers from Day 1. The October delivery was a big fat lie just like bitcoin refunds. |
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Well from the Salon looks like I can adjust it to 15 to 20% for the Second Half of 2014
We are back to where we started. 20% out of 160PH=32PH. Unless AM wins the lottery they will not deploy that amount of hashpower this year. |
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Tried reading through it but its nearly 200 pages long and just wondering if someone had an easy answer.
I know a CX500 Corsair will run 1 antminer s3
will a CX750 run 2 antminer s3
No need to read the whole 200 pages. Just ask the question there and people will reply. |
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OP is obviously trolling!
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People *didn't* accept the original chips-only MPP. WTF were we supposed to do with raw chips? Build a reflow oven in the garage?
I would like to ignore what people accept or not. Please tell me when people bought HF miners what were the terms of the MPP? Chips or boards? The original terms of the MPP was for chips. Due to popular demand and lack of 3rd party integration capacity, it was changed to assembled boards. If HF promised MPP in form of chips then it should deliver it like that. It's not HF responsibility to put those chips on boards. Their only responsibility would be to provide the PCB scheme and BOM along with those chips. Customers agreed to that when they ordered HF miners. Also the lack of 3rd party integration is part of HF failure because I am sure that marto74 and MrTeal were never contacted by HF for 3rd party integration for the chips even if they were doing it with other chips. So in conclusion you/HF blaming the bankruptcy has nothing to do with the fact that HF was unable to deliver their original MPP. They could've just delivered chips and forget about it. HF managed to bring the bankruptcy because of their own incompetence and bad decisions. |
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It's everywhere all the time, even here in some threads, especially after MtGox happened. But I see why there are also more and more scammers everywhere. It's because still too many people don't have ANY humane compassion towards other human beings, especially those who experienced in fact very professionally conceived theft in this case. It was a very intricate scam. So those scammed individuals who don't receive any help become the new scammers and bullies. But nevermind, I just wanted to see the reactions. If you comment in that way obviously without intentions to help in any way whatsoever, it is in fact hateful. You could have just ignored my post.
The scams happen because people don't do proper research before sending money, not because there is no compassion towards scammed people. |
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... and we've recently just shipped all outstanding orders to clients, we are liquidating some of the extra surplus equipment... Nice! |
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People *didn't* accept the original chips-only MPP. WTF were we supposed to do with raw chips? Build a reflow oven in the garage?
I would like to ignore what people accept or not. Please tell me when people bought HF miners what were the terms of the MPP? Chips or boards? |
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Because I'm one of them and have finally decided to ask for help. When did people start hating on victims?
It's not hating, but since when did this forum start supporting people that got burned by scams? |
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You present a false dichotomy. HF was doing both, simultaneously shipping dev kits to Peppermining, etc *and* also seeking investors. Unfortunately for us, their efforts to turn the company around were prematurely short-circuited by an ill-conceived bankruptcy filing.
You can't really compare HF to ActM. HF has Simon and his team's world class 28nm 400GH ASIC plus the skills and experience to bring it to market. ActM had...INTELLiHASH.
It's "hard to prove" HF was "lying from the start" because they are/were not a scam. High-tech start-ups (much like Bitcoin) are EXTREMELY risky; that's a fact of life you should deal with instead of seeking cop-outs to justify your own complacent sense of entitlement.
If MPP was originally supposed to be only chips and people accepted that, not boards then why not give them the damn chips and let them figure what to do. They were fine with it at the moment of the order and it's their responsibility to figure out what to do with the chips. Of course it was HF's responsibility to provide at least a working board scheme for all customers that received MPP in form of chips in order to go to the third party developers. What exactly was the hold-up of not providing customers with the MPP in form of chips as HF originally promised? Only their desire to provide MPP in form of working boards or it was anything else? |
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IMET, did you manufacture this board?
The one with the burn marks?
We did make that and it was not damaged when delivered to AMT. One of two things caused that failure. Either the backplane was shorted out (likely to the hash board heatsinks) or the backplane was not connected to the hash boards correctly (off by a pin or upside down). Or the lack of copper in the board itself cause the trails to overheat. IMET chose to cut costs, we paid the price. Didn't IMET create the boards based on your given specs? Are you stating that they have breached their contract? |
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Can anyone donate to the victims?
If yes, please PM me.
Thanks
Because? |
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HF wasn't just sitting around passively during those three months. HF was actively pursuing investors and came close to being able to recapitalize, which would have enabled backorders and MPP boards to be produced and shipped. Before Peppermining and BlackMiner, there was nothing to do with raw chips and nobody wanted them. Once PM's Habanero came out, raw chips became a desirable commodity. Settling backorders and MPP with chips came about as the result of the Peppermining carrot and cash crunch stick. Given those circumstances, it was the right thing to do. Unfortunately for us (and fortunately for the lawyers) the bankruptcy filings preclude any more such settlements in chips.  Wait a minute. So instead of helping third party manufacturers to assemble those chips HF was looking for investors for a company that already was delayed a couple of months? Best business decision ever! For me it sounds much easier to offer to third parties whatever PCB they had and work with them to improve it, instead of seeking investors. And please don't blame the bankruptcy for the fail. You should blame HF staff for the fail. This is looking like ActM all over again where the biggest shills were complaining that ken was on the right track and the MSD investigation bought the company down. HF was damn late and they promised things which were never true like full bitcoin refunds. They deserve to go down no matter what. I still don't understand why is it so hard to prove that they were lying from the start. Just ask for some damn receipts for the chips or look in the contracts and the scam will be revealed! |
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The original plan for MPP was to provide chips.
Due to popular demand, HF upgraded the chip-only offer to be full working boards (just add cooling and power).
That decision seemed affordable and doable at the time, but as cash and time ran out became an increasingly difficult commitment to keep.
By May it was clear HF needed to go back to the original plan of chips-only, because it was the most feasible option remaining.
Also by May Peppermining and other 3rd parties had started independent board designs and assembly capacity, removing the primary objection to the chips-only idea ("but what can I do with raw chips?")
Wasn't the MPP supposed to be shipped in March? If yes then it took 3 months to realize that they won't be able to ship it while withholding chips? |
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Fact One: HashFast wanted to give us our backorders and MPP in the form of chips, but now cannot thanks to the bankruptcy filing: When were they supposed to give backorders and MPP in form of chips? May or June. I don't know the exact dates, but the chips were available. HF just needed contact all concerned to get totals, and ship the chips. It doesn't matter now, because they cannot provide chips for backorders/MPP for legal reasons due to conditions imposed by the bankruptcy. Our only realistic hope was for HF to finish the process of finding investors to recapitalize, but that hope was killed by the Chapter 7 filing. Sorry folks, we all get to suffer now because of a few people who thought it wise to cut off their noses to spite their faces. When were customers supposed to get the MPP and why didn't HF gave chips to customers faster than May or June because the chips were available earlier than these months since it was obvious that they missed their MPP deadline. Can I ask why there are 3 threads about the same thing made by 2 different people? (1 is now closed but still there)
The locked one wasn't self moderated. |
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