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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875472 times)
iCEBREAKER
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October 24, 2014, 03:13:07 AM
 #10961

No "incompetence" has been "proven."  That claim has already been heard and rejected by the bankruptcy court.

There is no need to "prove" the incompetence in court. How many rev boards were there? Why is HF in bankruptcy?

There is a need to prove incompetence in court if, like MinorMiner and pmorici, you want to put HF into Chapter 7 or appoint a trustee.

MM and PM tried to do that, and they failed. 

Your idiotic "bankruptcy proves incompetence" thesis was proposed by no less than the US Attorney, and literally LAUGHED OUT OF COURT.   Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin

If they had succeeded, I'm sure you would be crowing about it.  But since they failed, now you want to discount the issue.   Cheesy

If the ASIC was so great they would have been able to turn it into a working product and they wouldn't be bankrupt. All they did was design a novelty chip.

HF made a working product (please try to keep up).  The bankruptcy was due to an unfortunate confluence of adverse business conditions and early missteps like the first board rev.

Have you really never seen a tech company fail despite having a superior product?  I believe you have, but are just being dishonest.



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October 24, 2014, 03:26:57 AM
 #10962

They sucked at everything besides making a good chip. They failed at making boards, they failed at customer service, they flat out lied about BTC refunds. No matter how the bankruptcy turns out they will be boycotted for sure.


tl;dr - they were incompetent at EVERYTHING besides designing a chip.

If you are good at 1 single thing, but your product depends on multiple things....you fail. They should have just sold chips since they sucked so bad at everything else.

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October 24, 2014, 03:30:48 AM
 #10963

The bankruptcy was due to an unfortunate confluence of adverse business conditions and early missteps like the first board rev.

Sweet excuses. "adverse business conditions". "early missteps". If they had a "superior product" they would have met their target dates. They failed, which proves they have an "inferior product".

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October 24, 2014, 04:17:32 AM
 #10964

There is no need to "prove" the incompetence in court. How many rev boards were there? Why is HF in bankruptcy?

There is a need to prove incompetence in court if, like MinorMiner and pmorici, you want to put HF into Chapter 7 or appoint a trustee.

MM and PM tried to do that, and they failed. 

Your idiotic "bankruptcy proves incompetence" thesis was proposed by no less than the US Attorney, and literally LAUGHED OUT OF COURT.   Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin

If they had succeeded, I'm sure you would be crowing about it.  But since they failed, now you want to discount the issue.   Cheesy

It's hard to prove incompetence in court. If they went that way then it was a big mistake I think. Actually I didn't even thought this is possible. I think that it's much easier to prove bad intentions than incompetence. If we are still at it, can someone enlighten me how do you prove incompetence in court? What laws are there to punish you for being an idiot? I find it very easy to evade this by working with contractors. Was this the case?

I don't know all the court details, but what was the main point of failure? I remember that they promised delivery in Oct and they got chips in November and that they changed the MPP terms (not sure if this is legal or not after the customer paid the money).

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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October 24, 2014, 04:31:56 AM
 #10965

Can the Evo be down clocked way low to get better energy efficiency?
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October 24, 2014, 04:41:46 AM
 #10966

Can the Evo be down clocked way low to get better energy efficiency?
I've never done it, but I've take a Habanero down to 0.71J/GH with air cooling. I don't see why something similar wouldn't be possible with an Evo as well.
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October 24, 2014, 04:45:40 AM
 #10967

Forget about the btc vs USD refunds argument.

Hashfast couldn't even give out USD refunds so either way you were fucked.

The problem is that hashfast spent more than $10/gh producing hardware that every other company was able to produce for $0.5-1/gh.

Either they were mind bogglingly incompetent, they were scammed, or they are scammers. Take your pick.

Scammers.

Glad we got to the bottom of that. BFL style.

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October 24, 2014, 05:50:44 AM
 #10968

Can the Evo be down clocked way low to get better energy efficiency?
I've never done it, but I've take a Habanero down to 0.71J/GH with air cooling. I don't see why something similar wouldn't be possible with an Evo as well.

With Cooling it would need to be in the mid 400 GH range.

By the time they got the money and order placed we miss a window which is right now?

 

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October 24, 2014, 03:11:37 PM
 #10969

HF made a working product (please try to keep up).  The bankruptcy was due to an unfortunate confluence of adverse business conditions and early missteps like the first board rev.

Have you really never seen a tech company fail despite having a superior product?  I believe you have, but are just being dishonest.

And those early missteps are not to blame to incompetence? They royally screwed up the first batches of boards, 1/4 of them arriving worked at the promised specs. It's only a superior product if it actually works for the customer, not on the drawing board
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October 24, 2014, 08:31:17 PM
 #10970

HF made a working product (please try to keep up).  The bankruptcy was due to an unfortunate confluence of adverse business conditions and early missteps like the first board rev.

Have you really never seen a tech company fail despite having a superior product?  I believe you have, but are just being dishonest.

And those early missteps are not to blame to incompetence? They royally screwed up the first batches of boards, 1/4 of them arriving worked at the promised specs. It's only a superior product if it actually works for the customer, not on the drawing board

The superior GN1 chip has always been ready to push 700+ GH/s, given enough juice.

The incompetent subcontractor for the first board screwed up royally, and the next ones could only do 400+ GH/s until the Yoli and Habanero designs.

Converting that much clean power in such a small area is no small engineering challenge.


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Monero
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whether we have a dictatorship or a real democracy." 
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October 24, 2014, 09:09:51 PM
 #10971

The incompetent subcontractor for the first board screwed up royally, and the next ones could only do 400+ GH/s until the Yoli and Habanero designs.

And who decided to go with this subcontractor in the first place, without having a backup plan in place? This coming from a company who claimed "in Bitcoin mining, time is everything"

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October 24, 2014, 09:15:33 PM
 #10972

The incompetent subcontractor for the first board screwed up royally, and the next ones could only do 400+ GH/s until the Yoli and Habanero designs.

And who decided to go with this subcontractor in the first place, without having a backup plan in place? This coming from a company who claimed "in Bitcoin mining, time is everything"



I'm sure he has an answer for it.  Wink
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October 24, 2014, 09:17:37 PM
 #10973

How can anyone try and say HashFail was not incompetent...you can not blame a sub contractor since they hired him. HashFast were bumbling idiots with every aspect except the chip...and that was probably a just a lucky fluke.

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October 24, 2014, 09:18:57 PM
 #10974

The superior GN1 chip has always been ready to push 700+ GH/s, given enough juice.

The incompetent subcontractor for the first board screwed up royally, and the next ones could only do 400+ GH/s until the Yoli and Habanero designs.

Converting that much clean power in such a small area is no small engineering challenge.

And this is where their failure is (but of course not provable in court). Trying to use so much power in such a small area lead them to the bankruptcy. No other chip manufacturer used this approach and nobody will attempt to try it because it leads to so many problems. Bitcoin mining doesn't need a simple "fastest chip". Bitcoin mining needs a more balanced approach of many things besides speed. In my view HF failed when they chose this approach and also when they never thought of any plan B in case the subcontractor/PCB design fails. The only thing HF was good was spending a shitload of money while not being able to fully deliver their first batch of miners. The other things like refunds and MPP don't matter when you can't even fully ship your first batch of miners. Good ASIC design skills, but very bad management/business decisions. HashFail!

Edit: SolarSilver types faster Smiley

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
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October 24, 2014, 09:32:16 PM
 #10975

How can anyone try and say HashFail was not incompetent...you can not blame a sub contractor since they hired him. HashFast were bumbling idiots with every aspect except the chip...and that was probably a just a lucky fluke.

the chip was Barber. but all around him were hobbyist with actor skills and GetRichQuick mentality.
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October 24, 2014, 10:42:09 PM
 #10976

The incompetent subcontractor for the first board screwed up royally, and the next ones could only do 400+ GH/s until the Yoli and Habanero designs.

And who decided to go with this subcontractor in the first place, without having a backup plan in place? This coming from a company who claimed "in Bitcoin mining, time is everything"


I'm sure he has an answer for it.  Wink

Why wouldn't I have "an answer for it?"  Is that bitchy little dig supposed to mean something?   Cheesy

There was a backup plan in place, otherwise the products would have shipped even later than they already did.

HF put in their best effort.  Those best efforts were documented and that documentation was accepted by the court as the basis for avoiding Chapter 7 via Chapter 11.

All a company can (reasonably) be expected to do is their best effort.  HF went above and beyond that mandate, sleeping under desks and whatnot.

You don't get to demand success; that's not a reasonable standard.  Failure happens often in new ventures, despite the best efforts of the employees and management.

You don't get a guarantee of success; new ventures are risky.

HF gave it the old college try, but it wasn't good enough to appease those eager to force their issues into court and enrich bankruptcy lawyers with our money.

We are all disappointed, but only some of us choose to Go Ugly and make defamatory personal accusations of scamming/incompetence (despite an utter lack of evidence and rulings to the contrary).


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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October 24, 2014, 10:43:24 PM
 #10977

the chip was Barber. but all around him were hobbyist with actor skills and GetRichQuick mentality.
Barber was also the one that didn't stop his own company from claiming that everything was still on track for shipping in a few days:

1) The day before announcing an undefined delay, that would have afterwards be explained as a
2) Substrate delay
3) That doesn't explain in any way the board delay, since that in the delay announcement every other component of the miner is claimed to be "on schedule or ahead of schedule", and when asked to prove it, they  
4) Claimed to have pictures of the boards on hand that couldn't be released due to a NDA and
5) After having realised that the outsourced things weren't going properly, failed to produce a working board until mid Jan, and last but not least,
6) Helped everyone else dissipating what was left after the involuntary chapter 7 converting it to chapter 11, negotiating a deal with liquidbits that would have profited him and the rest of the management, while taking a month long holiday in the process.

... And that is a partial list.

So yeah, the problem wasn't everyone but Barber. The problem was that they decided to fuck us and our money, and the us law has protected them in their legalised theft so far.

And off course, they did so collectively. So they must have benefited collectively.

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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October 24, 2014, 11:06:40 PM
 #10978

2) Substrate delay
3) That doesn't explain in any way the board delay

The problem was that they decided to fuck us and our money, and the us law has protected them in their legalised theft so far.

You want the law to forbid new ventures in unproven markets?  You think the law can prohibit companies from failing?  You want to require something more than best efforts from a company?

You think that if a company fails despite their best effort, the people involved should have unlimited personally liability?

You believe it is possible to have reward without risk?

That kind of anti-capitalist BS is why other countries (EG Italy) can't compete with all the innovation that happens in Silicon Valley.

You knew HF was based in the US when you ordered.  You accepted that venue for potential disputes.

Now you want to whine about US law because it isn't doing exactly as you would desire?

Look, the people who ordered from Bitmine are sipping the same weak tea as you are, only the Swiss version:

I contacted the Swiss ambassador to my country and made ​​a written statement on the criminal activities of Bitmine AG. I'm already sure that I lost my money. The behavior of these people is typical behavior of scammers. My request to the Ambassador was to cause judicial authorities and tax authorities in Switzerland to investigate Bitmine  AG. I refuse to accept that these people will get away with our money hidden behind the Swiss jurisdiction.

You should grow up and stop pouting about how everything is a criminal conspiracy to steal from you, when in fact there is a more logical, court-tested explanation.

Why don't you be a brave boy, and come to SF so you can tell Judge Montali to his face that he is 'protecting HF in their legalized theft?'
   Grin

PS  You can't finish a board design until the substrate is done, dumbass.    Roll Eyes


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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October 25, 2014, 12:37:44 AM
 #10979

Converting that much clean power in such a small area is no small engineering challenge.

Sound like a fatal design flaw.

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October 25, 2014, 12:42:46 AM
 #10980

Judges are not there to arrive at intelligent and informed decisions but they are there to make decisions according to their legal programming. There is a big difference between making decisons and arriving at decisions.

They are like robots trained to judge instead of understanding.
Judges have no education in regard to human behavioral biology or bio-psycho-social factors shaping human behaviour.
They don't have scientific nor technical knowledge.
They are there to enforce the law regardless of what the law says and if it has any coherent and intelligent back up in science and rational.

Just because some judge robot failed to recognise your sociopathic behaviour and socially parasitic attitude and deeds of your comapny doesn't mean that you are correct.

As I said, your constant smileys and cheerful nature in your replies with content lacking any regard and consideration for human beings you have exploited, self evidently proves that you are an utter sociopath.



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