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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875472 times)
Ilan1
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July 08, 2014, 07:50:54 PM
 #10021

So What is everyone's plan? looks like an offer was made from liquidbits and of course it benefits them the most... I would like to see this as a good deal if I can get a guarantee that I get my 100% refund and plus more for damages that hashfast has cause me and anyone else...

Does the creditor council have any details on the offer made by Liquidbits?
Was this offer made through Ray Gallo, perhaps some of his other clients may be privy to the details?

It appears that the Creditors are fragmented into groups, with the common interest of wanting a resolution however it may be one that does not particularly favour the greater creditor collective. There was mention of $100m debt if this is true there needs to be one hell of a 360 deal struck to somehow get our money back!!

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stan258
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July 08, 2014, 08:05:07 PM
 #10022

Close the company and liquidate. Whats the point of keeping them afloat? Management will always try to draw salary as long as possible. They have no new product on record so cash out now. 
Ilan1
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July 08, 2014, 08:19:44 PM
 #10023

Close the company and liquidate. Whats the point of keeping them afloat? Management will always try to draw salary as long as possible. They have no new product on record so cash out now.  

I hear you, but it's a double edged sword, if the company closes down and liquidates its inventory the amount of money recouped from this action won't even scratch the surface with regards to paying off all the creditors, on the other hand if the creditor committee agreed to allow the sale of 600 chips to fund the payroll etc this May allow them to stay afloat long enough to work out a mining operation with Liquidbits or A Another hardware company to put the chips into working machines for resale! What I am unclear about is if a mining operation deal was struck how will that benefit ALL CREDITORS?? What happens to the proceeds of the new miner sales containing the Golden Nonce Chips etc. it's all very confusing.

However I imagine a deal would be the best way for the little people (creditors) to get back anything close to what we have laid out. Providing the deal has everyone in mind if and when one Is agreed.

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dhenson
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July 08, 2014, 08:24:29 PM
 #10024

Gallo did post something but labeled it as confidential. I'll check with him and post what I can.
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July 08, 2014, 08:26:19 PM
 #10025

So What is everyone's plan? looks like an offer was made from liquidbits and of course it benefits them the most... I would like to see this as a good deal if I can get a guarantee that I get my 100% refund and plus more for damages that hashfast has cause me and anyone else...

Does the creditor council have any details on the offer made by Liquidbits?

    Yes, the creditor's committee has the details of the proposed deal.  Ray may have also shared it with his clients, I can't speak to that.  

    As a batch one customer and member of the creditor's committee I don't support the deal as proposed.  I understand Ray may have spoken favorably about the deal to his clients if any of you wish to discuss the finer points of the deal with me privately I would be happy to explain my reasoning but doing so at this juncture publicly would be counter productive.  The majority of the committee members are small to medium sized customers so I'm reasonably confident that whatever outcome the committee ultimately arrives at will keep the little guy in mind.

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MrTeal
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July 08, 2014, 09:31:04 PM
 #10026

Very interesting, when was this recorded?
pmorici
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July 08, 2014, 09:33:33 PM
 #10027


That audio is from yesterday's (July 7th) hearing.  What part do you find interesting?

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cedivad
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July 09, 2014, 06:27:47 AM
 #10028

What part do you find interesting?
For normal people like us, that was the most interesting hearing so far.

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
Entropy-uc
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July 09, 2014, 03:20:19 PM
 #10029

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Hearing held and continued. Debtor to supplement motion by 7/10/14 unless a stipulation is reached. (related document(s): 68Motion to Amend filed by Hashfast Technologies LLC)Hearing scheduled for 07/11/2014 at 03:00 PM at San Francisco Courtroom 22 - Montali.(lp ) Modified on 7/7/2014 (lp). (Entered: 07/07/2014)

What happened? I'm traveling starting tomorrow so I won't be able to listen to the court audio(s) easily. If someone wanted to spend a paragraph to describe it, thank you.

+1 that would be nice. when you get back you should make a simple weekly newsletter to all hashfast creditors that just tells them the latest info.

The committee will have a web site up for all creditors very shortly.  It's very difficult for us right now, there is a lot happening right now, and a lot more under way.  But most of the information is confidential, and what isn't could compromise our ability to make full recovery for the creditors.

Suffice to say that we are all working very hard to get the best outcome possible for all of the creditors.  I personally have been working 7 days a week on this for at least 3 weeks, and don't intend to slow down until the situation is under control.
dopamine
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July 09, 2014, 03:32:39 PM
 #10030

I wont be satisfied until these guys go to jail

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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July 09, 2014, 03:51:14 PM
 #10031

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Hearing held and continued. Debtor to supplement motion by 7/10/14 unless a stipulation is reached. (related document(s): 68Motion to Amend filed by Hashfast Technologies LLC)Hearing scheduled for 07/11/2014 at 03:00 PM at San Francisco Courtroom 22 - Montali.(lp ) Modified on 7/7/2014 (lp). (Entered: 07/07/2014)

What happened? I'm traveling starting tomorrow so I won't be able to listen to the court audio(s) easily. If someone wanted to spend a paragraph to describe it, thank you.

+1 that would be nice. when you get back you should make a simple weekly newsletter to all hashfast creditors that just tells them the latest info.

The committee will have a web site up for all creditors very shortly.  It's very difficult for us right now, there is a lot happening right now, and a lot more under way.  But most of the information is confidential, and what isn't could compromise our ability to make full recovery for the creditors.

Suffice to say that we are all working very hard to get the best outcome possible for all of the creditors.  I personally have been working 7 days a week on this for at least 3 weeks, and don't intend to slow down until the situation is under control.

thank you so much!

BTC: 1DREAMcn1ELY1cSnNwrjRazGqfW1NyvLJu    DigitalOcean Reg: https://www.digitalocean.com/?refcode=bd7f576a880a
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starsoccer9
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July 09, 2014, 06:42:26 PM
 #10032

I wont be satisfied until these guys go to jail

Jail? seems very harsh. I mean all they did was take money on preorders for a product they delivered months late. I mean bfl is still in business and they shipped over a year late

dopamine
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July 09, 2014, 07:41:43 PM
 #10033

I wont be satisfied until these guys go to jail

Jail? seems very harsh. I mean all they did was take money on preorders for a product they delivered months late. I mean bfl is still in business and they shipped over a year late

whats harsh is that EVERYONE would of never bought thier hardware when they promised full BTC refund and promised false delivery dates.. now we got to goto courts to receive what?Huh half or less or nothing depending on what money they have left and how many more people piling up not receiving their hardware?

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
HardwareReviewer
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July 09, 2014, 08:07:06 PM
 #10034

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Hearing held and continued. Debtor to supplement motion by 7/10/14 unless a stipulation is reached. (related document(s): 68Motion to Amend filed by Hashfast Technologies LLC)Hearing scheduled for 07/11/2014 at 03:00 PM at San Francisco Courtroom 22 - Montali.(lp ) Modified on 7/7/2014 (lp). (Entered: 07/07/2014)

What happened? I'm traveling starting tomorrow so I won't be able to listen to the court audio(s) easily. If someone wanted to spend a paragraph to describe it, thank you.

+1 that would be nice. when you get back you should make a simple weekly newsletter to all hashfast creditors that just tells them the latest info.

The committee will have a web site up for all creditors very shortly.  It's very difficult for us right now, there is a lot happening right now, and a lot more under way.  But most of the information is confidential, and what isn't could compromise our ability to make full recovery for the creditors.

Suffice to say that we are all working very hard to get the best outcome possible for all of the creditors.  I personally have been working 7 days a week on this for at least 3 weeks, and don't intend to slow down until the situation is under control.

+1

Prepare to enter a world of stress
cedivad
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July 09, 2014, 08:16:22 PM
 #10035

+1, but a complete explanation of what happened that doesn't contradicts itself would satisfy my wish of seeing them in prison.

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
HardwareReviewer
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July 09, 2014, 08:33:00 PM
 #10036

Very interested to know their explanation of totally neglecting customer support too...

Prepare to enter a world of stress
Ilan1
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July 09, 2014, 09:19:50 PM
 #10037

I wont be satisfied until these guys go to jail

Jail? seems very harsh. I mean all they did was take money on preorders for a product they delivered months late. I mean bfl is still in business and they shipped over a year late

whats harsh is that EVERYONE would of never bought thier hardware when they promised full BTC refund and promised false delivery dates.. now we got to goto courts to receive what?Huh half or less or nothing depending on what money they have left and how many more people piling up not receiving their hardware?

I have paid 4k+ for nothing, no hardware or anything....they deserve to be punished! They stole my money when they knew they would not be able to ship the product!

LTCgear.com Review http://ltcgear.co.ukhttp://ltcgear.com/?apage=120 - 160mh/s for $850 use coupon code "anniversary1yr" - Active Multi Algorithm cloud mining in Scrypt, X11 and Scrypt-N - ROI in 5 Weeks
digitalbrass
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July 09, 2014, 10:25:40 PM
 #10038

I gave them bitcoins I want bitcoins back.. But the logical question is this.

If bitcoin crashed. Would you still want your bitcoins? Even tho in the contract they said full bitcoin refund... So if you gave them 6 bitcoins and it crashed, would you be mad if you got your 6 bitcoins back or would you storm the gates for cash refunds even tho you agreed to btc refunds....
paranoidx
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July 09, 2014, 10:36:49 PM
 #10039

I gave them bitcoins I want bitcoins back.. But the logical question is this.

If bitcoin crashed. Would you still want your bitcoins? Even tho in the contract they said full bitcoin refund... So if you gave them 6 bitcoins and it crashed, would you be mad if you got your 6 bitcoins back or would you storm the gates for cash refunds even tho you agreed to btc refunds....


I originally bought and payed with bitcoins and was told my refund would be in bitcoins.  If bitcoin crashed, and they gave me back my bitcoins (60 BTC, worth little or nothing) it would be fine.  They kept their end of the deal.  
The fact is, Hashfast never kept their promises.

They lied and had no intent on delivering miners on October 20th.
They lied about giving us our refunds in BTC.
They could not keep their December 31st delivery date.
They could not keep their promise to deliver the MPP.

I payed 60BTC for my miner (1 miner) and I will probably see nothing or very little of that back.

PS. They made promises they new they couldn't keep and cost people millions of dollars.  That is fraud and they deserve jail time.
Ilan1
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July 10, 2014, 01:07:18 PM
 #10040

I gave them bitcoins I want bitcoins back.. But the logical question is this.

If bitcoin crashed. Would you still want your bitcoins? Even tho in the contract they said full bitcoin refund... So if you gave them 6 bitcoins and it crashed, would you be mad if you got your 6 bitcoins back or would you storm the gates for cash refunds even tho you agreed to btc refunds....


I originally bought and payed with bitcoins and was told my refund would be in bitcoins.  If bitcoin crashed, and they gave me back my bitcoins (60 BTC, worth little or nothing) it would be fine.  They kept their end of the deal.  
The fact is, Hashfast never kept their promises.

They lied and had no intent on delivering miners on October 20th.
They lied about giving us our refunds in BTC.
They could not keep their December 31st delivery date.
They could not keep their promise to deliver the MPP.

I payed 60BTC for my miner (1 miner) and I will probably see nothing or very little of that back.

PS. They made promises they new they couldn't keep and cost people millions of dollars.  That is fraud and they deserve jail time.

+ 1000 and don't forget all the batch 2, 3 & 4 customers who did not receive a thing!!!

LTCgear.com Review http://ltcgear.co.ukhttp://ltcgear.com/?apage=120 - 160mh/s for $850 use coupon code "anniversary1yr" - Active Multi Algorithm cloud mining in Scrypt, X11 and Scrypt-N - ROI in 5 Weeks
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