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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 864655 times)
scr3u.ucr3trs
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August 19, 2014, 06:31:44 PM
 #10481

This facade is just going to go on and on and on until there is nothing left to liquidate as the chips will be become worthless... IMO the best way forward is for the new CRO or whom ever to agree a sale over the remaining inventory, tangible and intangible and then do HF to pay back the creditors what ever they can get.

Question is who's gonna buy the chips? Who's gonna buy the IP? Is anyone actually proactively looking for a buyer? What we waiting for?

Apparently we are waiting for the lawyers and CRO to collect more money from the poor creditors... shame shame on the committee for allowing this travesty to happen.

Nobody is buying the chips and the IP isn't worth anything as all the engineers have left that created the IP and the rest of isn't HF creation -=its another company in silicon valley who's already out shopping it and selling it.  Simon thinks he's created everything that other competitors are using but according to their testimonies no other competitors saw any value in what he'd created. Maybre there is a slight flaw in his thinking?  Or in the CFO or CRO thinking there is value there?  Dump the assets to liquidation and move on to court trustee. Otherwise its just a slow cash burn death and creditors are screwed.
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pmorici
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August 19, 2014, 07:41:05 PM
 #10482

FYI, Notice was just filed with the court of a website where creditors can get all the latest court documents and audio from the Hashfast case and provide input to the process.  There are also instructions on filing a claim there if you still need to do that.

Notice to unsecured creditors of right to receive information from and provide comments

The direct URL to the site mentioned in that document is...

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

Gigampz: Adapter Boards for Server Power Supplies 50% cheaper than ATX power supplies.  DPS-800GBA, DPS-1200FBA, Common Slot, CRPS, DPS-1200TBA, DPS-2000bb, Dell z750p
cedivad
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August 20, 2014, 06:25:02 PM
 #10483

https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120650/

Quote
Claims against Uniquify, Inc. for breach of non-compete, warranty and contract 330,000.00
Claims against DxCorr Design, Inc. for breach of non-compete and contract (exclusivity and confidentiality) Unknown
Claims against Ciara Technologies for breach of contract Unknown

That's new Smiley

Quote
Book "USB Complete: Developer's Guide, Fourth Edition" by Jan Axelson

Meh... I remember them having problems with the USB interface in the BJ thread, and I can totally see them wasting god knows what time and resources on it instead of focusing on real things... So, they bought a book.

https://bitcointalk.org/index.php?action=profile;u=368491

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
Easy2Mine
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August 21, 2014, 10:03:41 AM
 #10484

@Cedivad
Thanks for keeping us updated about HashLast

I missed Phin making jokes of the HashLast crooks

bayo
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August 21, 2014, 11:18:22 AM
 #10485

I m waiting my refund like some other and receive some papers from clerk office or lawyers but really cant read this in american. What need to do be done on my side? I need to send back something ??


Thnks for help in advance..

cedivad
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August 21, 2014, 11:25:54 AM
 #10486

Maybe I'm wrong, but this being a chapter 11 case, there is no need to file a proof of claim if you dont disagree with how HF scheduled your claim. You can check how your claim is already scheduled in the link from pmorici above. This is at least what I read online.

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
bayo
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August 21, 2014, 01:12:16 PM
 #10487

Maybe I'm wrong, but this being a chapter 11 case, there is no need to file a proof of claim if you dont disagree with how HF scheduled your claim. You can check how your claim is already scheduled in the link from pmorici above. This is at least what I read online.
Only one point still trouble for me. Im listed in case 14-30866 a child of Case 14-30725 and i m not listed in https://cases.processgeneral.com/cases/case/5/hashfast-technologies-llc/ Normal ??



Thanks for this answer ! i will look update here !

winit
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August 21, 2014, 01:51:43 PM
 #10488

Not wanting to rub anyone up the wrong way... but I have 9 X Sierra units that I'm looking to sell. These are in the UK and as such full UK duty was paid on receipt.

Not certain but believe these to be the only units in the UK.

If anyone is interested in making an offer send me a PM.
starsoccer9
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August 21, 2014, 03:28:38 PM
 #10489

Not wanting to rub anyone up the wrong way... but I have 9 X Sierra units that I'm looking to sell. These are in the UK and as such full UK duty was paid on receipt.

Not certain but believe these to be the only units in the UK.

If anyone is interested in making an offer send me a PM.
Pmed

cedivad
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August 21, 2014, 04:31:32 PM
 #10490

I genuinely see ActM as a failed business and not a scam.

Cheesy

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
pmorici
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August 22, 2014, 12:11:50 AM
 #10491

If anyone wants to get in touch with the Hashfast CRO you can contact them at the below email address...

    hashfast@provincefirm.com

The CRO is now completely in control of the company.  Any concerns you may have had about dealing with Hashfast due to the actions of the prior management and their past performance are no longer an issue. 

If you have any input in what should happen with the company's assets, want to purchase some or all of the assets, or have another proposal for the company the CRO is the person to contact.

Gigampz: Adapter Boards for Server Power Supplies 50% cheaper than ATX power supplies.  DPS-800GBA, DPS-1200FBA, Common Slot, CRPS, DPS-1200TBA, DPS-2000bb, Dell z750p
mikelitv
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August 22, 2014, 02:01:34 PM
 #10492


...

 Any concerns you may have had about dealing with Hashfast due to the actions of the prior management and their past performance are no longer an issue. 

...



Wow!!!  Really?  No longer an issue?  Hands wiped clean? All forgotten? That easily?  Seriously?  Sadly: probably correct!

Why aren’t we all appalled by the Creditor's Council decisions over the past few months?  It is highly unlikely that such mismanagement, followed by targeted misinformation by family relatives of a lead member of the Council, is caused by simple incompetence or lack of experience.  There is indeed a compelling argument to be made for voluntary sabotage motivated by glaring self-interest.  After having actually read the transcripts, blaming the CFO of a few months (Monica) for everything that has transpired is as absurd as it is unjustifiable.  It was very likely an intentional diversion. 

The truth should emerge ultimately, but it will very probably be way too late for creditors (or anyone) to do anything about it. 

Scammed by Hashfast, and screwed by their Council will likely be Hashfast creditor's epitaph.

RoadStress
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August 22, 2014, 02:16:44 PM
 #10493

Wow!!!  Really?  No longer an issue?  Hands wiped clean? All forgotten? That easily?  Seriously?  Sadly: probably correct!

So hands clean. Now I am waiting the return of cypherdoc and iCeTaRd.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
Ilan1
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August 22, 2014, 02:40:53 PM
 #10494

Well I am just waiting for some bloody money back if it ever comes!!!

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
pmorici
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August 22, 2014, 03:13:13 PM
 #10495

Wow!!!  Really?  No longer an issue?  Hands wiped clean? All forgotten? That easily?  Seriously?  Sadly: probably correct!

Why aren’t we all appalled by the Creditor's Council decisions over the past few months?  It is highly unlikely that such mismanagement, followed by targeted misinformation by family relatives of a lead member of the Council, is caused by simple incompetence or lack of experience.  There is indeed a compelling argument to be made for voluntary sabotage motivated by glaring self-interest.  After having actually read the transcripts, blaming the CFO of a few months (Monica) for everything that has transpired is as absurd as it is unjustifiable.  It was very likely an intentional diversion.  

The truth should emerge ultimately, but it will very probably be way too late for creditors (or anyone) to do anything about it.  

Scammed by Hashfast, and screwed by their Council will likely be Hashfast creditor's epitaph.

No not wiped clean. Past transgressions will still be investigated and those responsible held to account.  But, Companies are run by people and none of the people that dealt with us dishonestly have any part in running the company anymore.  It's under the control of people with experience in winding down bankrupt companies and who take their accountability to the court seriously.

I know you're probably angry and hurt by this like many of us here but your accusations against the creditors who volunteered their time to be on the council are unfounded, false, and unhelpful.  Why didn't you volunteer your time to serve on the council if you thought it important?  I doubt you have actually taken the time to read and understand all the transcripts and documents in the case because they are quite clear about what has happened.  The notion that the creditor's committee has had any control in the management of the company is completely false.

Gigampz: Adapter Boards for Server Power Supplies 50% cheaper than ATX power supplies.  DPS-800GBA, DPS-1200FBA, Common Slot, CRPS, DPS-1200TBA, DPS-2000bb, Dell z750p
scr3u.ucr3trs
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August 23, 2014, 01:44:32 AM
 #10496


...

 Any concerns you may have had about dealing with Hashfast due to the actions of the prior management and their past performance are no longer an issue. 

...



Wow!!!  Really?  No longer an issue?  Hands wiped clean? All forgotten? That easily?  Seriously?  Sadly: probably correct!

Why aren’t we all appalled by the Creditor's Council decisions over the past few months?  It is highly unlikely that such mismanagement, followed by targeted misinformation by family relatives of a lead member of the Council, is caused by simple incompetence or lack of experience.  There is indeed a compelling argument to be made for voluntary sabotage motivated by glaring self-interest.  After having actually read the transcripts, blaming the CFO of a few months (Monica) for everything that has transpired is as absurd as it is unjustifiable.  It was very likely an intentional diversion. 

The truth should emerge ultimately, but it will very probably be way too late for creditors (or anyone) to do anything about it. 

Scammed by Hashfast, and screwed by their Council will likely be Hashfast creditor's epitaph.



Wow, a voice of competence and reason on here.  Terrific!!  Sadly there is only glaring glaring mismanagement by the creditors council.  There should be a class action lawsuit begun against them (and their family members) for purposely harming creditors, delay and stall tactics, in order to get their really expensive guy in office to work with the only two HF employees left (who didn't have the scruples to leave), Eddie and Simon, who we all know and love.  They screwed us creditors, and now the council has worked with them to screw us more.  Shameful.  Disgusting.  Revolting.  And trashing innocent HF employees in the process.  Hope you are all proud of yourselves, and glad I wrote off this money as a life lesson for burned funds singed by GREED and no ethics at all.

By the way, Ray Gallo, since your clients are now in a lose lose, why not get your energy renewed into suing the creditors committee and counsel?
cedivad
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August 23, 2014, 09:30:58 AM
 #10497

Wow, a voice of competence and reason on here.  Terrific!!
Yes, right, answering to yourself is one of the few things you can do here. Since that noone cares.

By the way, Ray Gallo, since your clients are now in a lose lose, why not get your energy renewed into suing the creditors committee and counsel?
Actually, talking to yourself is another thing you can certainly do. I'm your conscience: why the hell should you sue someone that worked for you instead of the people responsible for this massacre? Maybe because you can't see beyond your nose? Ok, I understand. I'm sorry for that.

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
mikelitv
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August 26, 2014, 04:58:04 PM
 #10498

Wow, a voice of competence and reason on here.  Terrific!!
Yes, right, answering to yourself is one of the few things you can do here. Since that noone cares.

By the way, Ray Gallo, since your clients are now in a lose lose, why not get your energy renewed into suing the creditors committee and counsel?
Actually, talking to yourself is another thing you can certainly do. I'm your conscience: why the hell should you sue someone that worked for you instead of the people responsible for this massacre? Maybe because you can't see beyond your nose? Ok, I understand. I'm sorry for that.


You lost your way Cedivad.  Your first posts were full of justified anger and action.  Your optimism regarding the judicial system was refreshing.  Wether we were active on the forums or just lurking, I think many of us rooted for you / us. 

Overall, it seems that you overestimated the assets of Hashfast, just as you got used to lashing out too quickly.

I am not scr3.ucr3trs nor do I have any form of communication with him other than this forum. 

I simply do my homework as rigorously as I can.  I base my comments on what I find and believe to be true.

There is no doubt that the current mess has been created by Hashfast's Eduardo and Simon.  Absolutely.  They should remain the real target of our wrath. I agree with you on that.  However, regarding the Creditor's Council, I have a different position than they "worked for us" on a voluntary basis.  I think others, directly on the council are now starting to agree with this.  There were serious conflict of interests.  That is simply a fact.  Not wanting to admit that and the consequences it had, that is "not seeing beyond your nose".  Now, admittedly, this is no longer important as there is nothing that can be done about it any longer.  The reality today is what it is, and in my opinion, there's no reason to be optimistic about the outcome for the unsecured creditors.





 

This being said,
HardwareReviewer
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August 26, 2014, 07:36:22 PM
 #10499

In any case, I'll be having plenty of court paper for my money to fire up the fireplace

Prepare to enter a world of stress
cedivad
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August 26, 2014, 09:07:38 PM
 #10500

I don't see the conflict of interests and I don't see how the committee damaged things. So please someone enlighten me. Maybe not saying that the LB deal was a good one.

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
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