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1  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: March 09, 2017, 03:54:43 PM
is there any update for this? any body have any good news for refund?

It simply isn't happening, we get nothing.

I only wish i could sue the pants of the original "petitioners" for gross legal negligence... but that isn't illegal sadly, being stupid simply isn't illegal when it comes to things like this.

Doesn't hurt me much, those guys got screwed over haaaaaaarrrddddd, So... to me, i feel they were punished already, and they truly deserve it.  It would have been great if they were bought out and an actual board was produced that was stable. everyone would have been happy, even Cedivad... he wouldn't be eating his words and actions now, in the form of financial losses... lol.

I sure hope everyone learned a lesson here! its an expensive one for many, but maybe... just maybe, wanting a product to fail, wanting a company to fail and expecting ripping said company apart in a forced liquidation probably isn't the smartest thing you can do.
Just for future reference!  *wink* 
2  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: July 11, 2016, 05:05:57 PM
So, when can we expect our money back?

 Tongue

if i get enough back for a nice steak... i'd be surprised.
Its going to be a few years though
3  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 31, 2016, 10:29:34 PM
*twiddles thumbs*

Hmmm... its almost like someone called it... from the beginning... while people were still considering the petition as an option... and was subsequently ignored and called an idiot and a "shill for hashfast"...

man, it must suck having to eat that much humble pie...  Gorge away guys...

*TOLD YOU SO INTENSIFIES* *ellipses intensifies as well*
4  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: January 06, 2016, 04:57:29 PM
Happy New Year all!

I checked https://archive.org/details/gov.uscourts.canb.522575_201512 (thanks for the link!) but it seems it only covers larger creditor claims.

Is the default to disallow claims? Should I assume my (small) claim is disallowed since I did not receive any written communication over the past month or two?

I would assume nothing at this point.
If you don't see your name across the documents, that doesn't mean they won't try this later, some people are on the list and have verified they have not seen any kind of notice in the mail.
we will see what comes of all this
5  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: December 08, 2015, 03:22:03 PM
For those that have pacer
https://ecf.canb.uscourts.gov/cgi-bin/login.pl  search for 3:14-bk-30725

https://archive.org/details/gov.uscourts.canb.522575_201512

Here you go if you want to take a look, this is the free version of court documents i donated to the internet archive, there is a large group of people on the list, including the original petitioners.

Our friend Cedivad is on the list too.
6  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: December 08, 2015, 11:54:02 AM
This is my second attempt at posting, i'm not sure why it was deleted.

A fairly extensive list of people have had objections levied against them. If you have a pacer account, you can view all the documents put in on the 30th.
the bad thing about "mail servicing" is sometimes it takes time for it to get to the person, giving them only a few days to respond.  which is why i am posting here. after responding, maybe seek legal fees and time wasted on this.

https://www.pacermonitor.com/public/case/3491312/Hashfast_Technologies_LLC
If you don't have a pacer account, this can give you a view of what is up.
Don't take anything i say as legal advice, hit your lawyer up, hopefully they can do stuff pro bono being this case has been nothing but a circus.
7  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: December 07, 2015, 05:29:11 PM
For right now, many objections are being filed, If you are a creditor and are part of the liquidation, i would suggest making sure you have all materials gathered up that give proof to purchase, and that you are owed money.  they are trying to get peoples claims completely disallowed, basically offering more available money to the lawyers and bigger buyers to increase their approved claim.
I have seen people discussing objections to claims on this, and you only have a short time to respond. Its a chance of you basically giving up your right to any available funds and handing them over to other people like lawyers.

Once the objections are done, and plan fully confirmed, liquidation will take effect, and then dispersal of any funds if i understand correctly.

8  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: July 24, 2015, 07:34:13 PM
I'm just gonna ask this, how much are the petitioners going to have to pay in lawyers fees? i know the court only allowed somewhere in the range of $60,000 to be disbursed to them, but they requested something like $1,250,000, is that going to be billed to the petitioners?  I would assume some of the bigger names like KOI could eat it and use it as a tax write off, or is it going to be distributed evenly?  Just some information i'd like to know.
I know some lawyers have it in a clause they they would eat it and write it off, but i don't think that would apply to many bankruptcy proceedings.
Anyone have this information?

I'm not sure I understand your question.  If you are asking who determines how much the lawyers ultimately get paid it's the judge.  If you are asking if creditors would some how be responsible for covering any difference between what the judge allows in legal fees and what is available the answer is no.  If their isn't enough recovered to pay the lawyers they eat the cost.  If the judge decides not to allow their full fee they eat that cost too.
The confirmed plan was decided by the judge, they seem to be eating a very large amount is all.
The creditors are completely different from petitioners, they are the group that actually got the lawyers involved. as far as i understood there was a chance the petitioners would have to pay the unpaid bills, not the creditors.
I mean, $1mil + is alot to eat and use as a write off.

The difference in what you posted and what i asked is you are talking about petitioners are creditors(as a whole) which they are not... ... yes i understand they get a small chunk of what they are owed from the court ruling, but the left over is not the responsibility of the petitioners? that seems a little backwards to me, thats why i was asking if there was a clause or two protecting the petitioners or not.
*hope that clears up any misinterpretation*
9  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: July 23, 2015, 12:25:32 PM
Anyone have this information?
Why don't you go finding this information out in the sea of very special knowledge you must have attained from for every other of your posts?

Cyperdoc feels innocent today:

Quote
i am in a dispute with Hashfast so i can't talk too many details but in this country, one is normally considered innocent until proven guilty and i deny all their allegations and expect to prevail. i've never dealt directly with him in any financial tx yet he's issued a negative rating acting like i have which he will willingly remove contingent on me giving him money i rightfully earned and isn't his.

https://www.reddit.com/r/Bitcoin/comments/3e8a4v/jeff_g_throwing_the_hammer_down_today_on_devlist/ctd3x1y


I know, skirting questions and not actually answering is your motto and all, but it would be nice to know the information i asked above...  if im asking, its obviously not in the information i have posted, but thats just logic... screw logic right?
if you are trying to imply that those 3000 bitcoins would be going to the petitioners possible bill, thats not quite how it works... that money would be going to the fund to pay out the confirmed plan.
Unfortunately thats going to be spit in the bucket.

10  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: July 20, 2015, 02:30:04 PM
I'm just gonna ask this, how much are the petitioners going to have to pay in lawyers fees? i know the court only allowed somewhere in the range of $60,000 to be disbursed to them, but they requested something like $1,250,000, is that going to be billed to the petitioners?  I would assume some of the bigger names like KOI could eat it and use it as a tax write off, or is it going to be distributed evenly?  Just some information i'd like to know.
I know some lawyers have it in a clause they they would eat it and write it off, but i don't think that would apply to many bankruptcy proceedings.
Anyone have this information?
11  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: July 09, 2015, 10:34:24 AM
Hi Icetard and Armyof1Idiot!

I just dropped by to say that this original petitioner remains happy he petitioned!  Sorry your panties are still twirled up about it all.

Now I want to go check out that Cockmeier thread.

Perezoso


Ignorance is bliss they say.
12  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: June 09, 2015, 02:52:03 AM
I'm on the side of the people that got screwed over by greedy, afraid, cowards that used that fear to push an agenda that was in NOBODIES interests.
I understand the failure, i knew how to fix the problem and had the means thanks to investors that saw the opportunity...
Once the petitioners went balls deep, ignoring reason, that was no longer an option.
I'm on the side that got "scammed" by fear and ignorance... Which is the side of every single creditor, whether they understand that or not.
You won't see one single petitioner be humble enough to admit they fucked up... those people are 1000x worse than hashfast ever was...
Hashfast was just terrible management... straight up.  
The chips were the only thing they actually did right, which is why this whole clusterfuck is so sad...  they had the chance to do extremely well, but stupidity won.

You seem to be implying it's the customers fault that this whole thing went south.

Can you explain what exactly happened to the millions of dollars? I've tried asking Icebreaker, but his best excuse is "adverse market conditions ate the money".

HF collected $15/gh AFTER most of the hardware development was complete and paid for. It should have cost less than $0.5/gh to produce the hardware. Where did the money go?

IMO the lawsuit wasn't the reason HF failed, it was just the straw that broke the camels back. If there was no lawsuit, there would have been another straw. The cause of failure was pretty clearly the repeated negligence/incompetence of management. (and the disappearance of millions of dollars)

Quote
if they were full on balls deep scam, they wouldn't have a functional chip.

This isn't really sound logic at all. What if they started out legit, but because of the repeated fuckups, shooting themselves in the foot, and legal issues, they decided to pull an exit scam via bankruptcy fraud?

PS: to everyone quoting Icebreaker, please do what 99% of everyone on this forum has done and just click the ignore button next to his name. Regardless of the topic, arguing with him will immediately degrade the debate into a shit slinging contest where he will declare himself the victor 100% of the time.


no just a select few geniuses that THOUGHT it was in their OWN best interest to do the petition, it was quite obvious to most that they were wrong.

Sure, how much do you think was put into each board? from factory i'd guesstimate around 1000-1200 a board(including the chip) someone please correct me if i am wrong but they had to make minimums to order, i think the minimum was 5k to 8k? so lets take the low cost... $5,000,000 wasted per revision, Total income about 45 mil or something? 4 bad revisions? 20 mil literally thrown away/recycled...in time and everything including R&D... can you see why i may just be a little mad at the substrate designer and management?

Let me first start with the premise that i thought everyone was made clear of... hashfast was a scam from very conception of the company according to alot of the "special" people in this forum... The fact that they created something that did function goes against the grain of those "intellectuals"
"Exit scam" is entirely different from it being a scam from the get go, unfortunately that is how this whole ordeal started, people called it a scam with knowing 0 facts... except for two things, they haven't received their equipment, and hashfast was quiet.
Tell me, if you were determined to do something, even if you were a complete dumbass, would you still attempt?
Thats exactly what happened when they were forced to act by the petitioners... in the talks i and others made it completely and absolutely clear that they would fight it and this petition would cause nothing but a downward spiral making sure NOBODY gets anything except for the lawyers if the goal was recovery of funds... This was back in January of last year when talks with gallo literally just started. (well, kinda... i think october was the first bit of communication about other alternatives)

I will have to say i hold some form of responsibility to the petitioners, they were made fully aware of what their actions would do... and it happened EXACTLY how they were told... The initial blunders were on hashfast, the attempted recovery blunder was on the petitioners.
if they would have listened to a fairly large group of individuals, they would have had full refunds right now, and there would have been new management and for the love of God, a new board designer...
If memory serves, the signing petitioners are going to be paying a hefty price of fees that will not be provided them from liquidation... This is a small bit of justice for the creditors, but not much.
13  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: June 08, 2015, 03:16:00 PM
I don't know what rock you live under, but the substrate contractor that made multiple revisions was less than intelligent, however management kept using him instead of replacing him until last revision(which didn't even happen if memory serves)
All the problems they had were due to crappy work and the shituation we are in is due to them trying to remake new/better revisions and just creating more problems... basically throwing our money away.
Of all the boards shipped and sierras shipped, i would assume around 90% failed due to power supply/damage from it going, the rest due to faulty board design, i can't image many boards are functional at this point.
The chips are just fine, they been proven to work on actual boards that were designed by someone with actual intelligence.

I'm not sure if you are trying to defend HF or point out why they failed so bad...

Did the HF customers decide to go with a bad substrate contractor? Or did management?

Most boards have failed because of cooling issues, not power supply. Is it a good design if cooling is so difficult?

What is the point of having a great chip if you can't get it to the end user in a working setup? I bought a miner, not a chip

And from what I ordered, the majority was never delivered. What did arrive, ran crippled and all but one board failed by now.

People like Edwardo, Simon, iCEBREAKER and cypherdoc lined their pockets and they are getting away scot-free

Which side are you on?
I'm on the side of the people that got screwed over by greedy, afraid, cowards that used that fear to push an agenda that was in NOBODIES interests.
I understand the failure, i knew how to fix the problem and had the means thanks to investors that saw the opportunity...
Once the petitioners went balls deep, ignoring reason, that was no longer an option.
I'm on the side that got "scammed" by fear and ignorance... Which is the side of every single creditor, whether they understand that or not.
You won't see one single petitioner be humble enough to admit they fucked up... those people are 1000x worse than hashfast ever was...
Hashfast was just terrible management... straight up.  if they were full on balls deep scam, they wouldn't have a functional chip.
The chips were the only thing they actually did right, which is why this whole clusterfuck is so sad...  they had the chance to do extremely well, but stupidity won.

i can sit here and argue for days about how bad hashfast fucked up... The PSU's are what was causing the cooling system to fail, the variance in voltages supplied were bouncing around like a bipolar kid on crack.
People that replaced the PSU's with ones that were actually decent didn't have many issues and the cooling systems didn't fail, those that did, they upgraded to better cooling equipment.
This is shit that should have been hardcore tested out the door, but since they already had board issues and people breathing down their neck, they just pushed out a shitty product... rip all those chips out and put them on well designed boards, with proper power and cooling and like some form of voodoo, you would have had a decent product.

That one board that didn't fail of yours, pull out a multimeter, check it yourself... you will begin to understand im not just some crazy raving asshat(i may be an asshat, but not crazy or raving) I actually know what i am talking about.  When the board starts drawing, you will see dips in all the voltages, Large dips, up to 1 volt difference (normally around 0.6 V+-) which is just barely out of spec (normal variance maximum is about 0.5 V-+.

As for buying a fully complete product, i 100% agree with you, you got a product, you shouldn't have to deal with understanding how it works and why(though i always make it my goal to do so, some people do not have the drive to understand as i do)
I am just showing you WHY that "product" failed, both from a company standpoint and hardware wise.   as well as why i have issues with the petitioners.





14  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: June 04, 2015, 06:09:02 PM
FAILED-product!

"HashFast announces specs for new ASIC: 400GH/s"

Did the HashFash ASIC meet the 400GH/s spec?

Yes.  Some could even be overclocked.  Icedrill's are still mining.

what you are not correctly reporting is that from the first batches of machines, most of the chips underperformed. The yield was horrible and the lack of a good firmware to deal with all the errors meant most systems ran crippled.

Further more, most assembled units have failed by now and need new coolers.

Quote
The bankruptcy is proceeding and nobody ran off to Thailand, unlike a certain popular scam you were defending until it was too late.

None of the Baby Jet orders and Sierra orders were fulfilled: we got a few units but never the MPP we paid for (and yes, in the case of the Sierras one paid extra, it doubled the price)

None of the upgrade kits for the Baby Jets ever shipped

That was long long before there was even talk of bankruptcy proceedings.

iCEBREAKER, stop spreading partial untruths in the hope you can re-write history, it's well documented what happened and in what order. You are a liar and actively participated in this fiasco, that is a truth everybody can spot from a mile away.
I don't know what rock you live under, but the substrate contractor that made multiple revisions was less than intelligent, however management kept using him instead of replacing him until last revision(which didn't even happen if memory serves)
All the problems they had were due to crappy work and the shituation we are in is due to them trying to remake new/better revisions and just creating more problems... basically throwing our money away.
Of all the boards shipped and sierras shipped, i would assume around 90% failed due to power supply/damage from it going, the rest due to faulty board design, i can't image many boards are functional at this point.
The chips are just fine, they been proven to work on actual boards that were designed by someone with actual intelligence.

The problem with this fine group of people is this... they had no idea what they were getting into, they did not do their due diligence and track the problems as they were occuring... i know only probably half here knew about the revision issues until they were told people here... and even then they were like "hashfast shill lies... are you eduardo?  should i lay off the drugs? How much wood would a woodchuck chuck if a woodchuck could chuck wood?" Instead of... "oh my god, get that fucktard out of there... lets band together and make sure this shit gets straightened out"...
NOPE, lets make a petition to liquidate assets to just recoup a single percent of what we paid(intelligence at its finest) If that...

The illuminati conspiracy crackheads here will never fully understand just how bad they fucked up... i can tell them all day long, it won't matter
15  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: June 03, 2015, 09:26:02 PM
Quick, sell all your Bitcoin because I'm associated with it!

 Kiss

Admit it that you are jealous on cypherdoc for siphoning more coins than you.
I think most of the shady crappy people here are jealous of cyperdoc, deep down, all they wanted was more money anyways...
16  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 13, 2015, 07:35:55 PM
Did someone say something about 5 dollar wenches? alright!    Roll Eyes
17  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: April 20, 2015, 12:54:46 PM
what is the recent update? I have not received any court file lately.
https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/
Bookmark this, should keep you in the know.

Seems they are working/voting on the plan for liquidation
you should have gotten something in the mail from the lawyers if you are a part of this.

Docket 344.pdf should help!
18  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: March 28, 2015, 06:41:53 PM
You have been warned.   Govern yourself accordingly.
I would say that the warning was ignored, and that you can send me the excel that I will format for hashfast.org along with his full name so that I can start a page on him as well.

I certainly wouldn't want to have a psychopath as an employee.

Going Postal?
Lol, some people do not have the capacity to learn, be humble, or admit to their mistakes, Hell will be waiting for them.
19  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: March 06, 2015, 09:07:32 PM
Quote
Motion for Order Allowing Reimbursement of Expenses of Koi Systems

https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120879/

Applicants have the burden of proving their entitlement to administrative expenses. The expenditures must benefit the bankruptcy estate as a whole rather than just Applicants.

OK class, who can explain exactly how Koi's expenditures (filing for HF bankruptcy and traveling to SF) have benefited "the bankruptcy estate as a whole?"

Anyone?  Bueller?   Huh

This motion should be denied, and Koi should wait in line like the rest of us for our pennies on the dollar scraps remaining from the lawyers' feast.

Koi should be last in line, not first.  This whole retarded 'OMG WE'LL SUE YOU FOR WINDFALLS' thing was their idea, and they blew it.  Big time.

Actually it was Davide and Pete's idea too, but they weren't dumb enough to spend $50 grand just to destroy a tiny start-up and screw its creditors.
I will try to come up with a solution, i think i will need to call in some favors.
20  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: March 06, 2015, 08:18:15 PM
I only post when I've got something interesting to say.
I see what you did there.
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