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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 864254 times)
Snoz
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October 27, 2014, 09:52:45 PM
 #11041

Quote
You have no remorse and no consideration for the fact that your company has exploited hundreds of people.
People lost their savings or got into debt. Many people lost their accomodation, because they couldn't pay up the rent.

I've been desperately following this thread and searching the internet for more information about my my losses to HF, this line is so far the most truthful thing I have read so far, I know that I have lost my money and I accept that, what hurts me more is the fact I talked my wife in letting me borrow against our home loan to purchase it and now I feel I have let her down.



  
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October 28, 2014, 08:17:24 AM
 #11042

emotionally demeaning smileys/emoticons

OH NOZ THE SMILEYS DEMEANED YOUR EMOTIONS!?!?!?   Shocked

That lelzy phrase is the only worthwhile thing written in your great wall of text.   Grin





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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." 
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October 28, 2014, 02:51:25 PM
 #11043

emotionally demeaning smileys/emoticons

OH NOZ THE SMILEYS DEMEANED YOUR EMOTIONS!?!?!?   Shocked

That lelzy phrase is the only worthwhile thing written in your great wall of text.   Grin




You should fill that out there ICE... i mean, since your spotless company basically shit on you, and you are too stupid to see it... keep swimmin in it, it must feel like home to you.
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October 28, 2014, 03:17:56 PM
 #11044

You should fill that out there ICE... i mean, since your spotless company basically shit on you, and you are too stupid to see it... keep swimmin in it, it must feel like home to you.

No thanks, I don't plan to join those who are moaning about how their perceived zero-risk offer for a free lunch didn't turn out that way.   Tongue

Knowing when I ordered that Bitcoin ASICs and high tech start-ups are very risky, I am disappointed but not going to make a business transaction into something personal (unlike the Butthurt Brigade who need that form).   Cool

ALWAYS BET ON iCE...


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"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
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October 28, 2014, 05:25:14 PM
 #11045

Knowing when I ordered that Bitcoin ASICs and high tech start-ups are very risky, I am disappointed but not going to make a business transaction into something personal (unlike the Butthurt Brigade who need that form).   Cool

ALWAYS BET ON iCE...


So...I see that you are evading question again.
Quote
If HF spent all the money on chips and on PCB with what money were they supposed to build the MPP?

Since you will not answer me to that let me ask you another question: Care to elaborate on HashFast back-up plan if they were unable to fully deliver their first batch of miners? What was HF doing until May when the bankruptcy started and why didn't they deliver their MPP for batch 1?

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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October 28, 2014, 10:25:52 PM
 #11046

If HF spent all the money on chips and on PCB with what money were they supposed to build the MPP?

Since you will not answer me to that let me ask you another question: Care to elaborate on HashFast back-up plan if they were unable to fully deliver their first batch of miners? What was HF doing until May when the bankruptcy started and why didn't they deliver their MPP for batch 1?

HF didn't anticipate having to spend "all the money" on PCB reworks plus other expenses (and later, refunds).

AFAIK, HF did "fully deliver their first batch of miners" or refund the orders.

HF was dealing with the PCB reworks, chip testing, cash flow, quality control, and other constraints until May.

Obviously Batch 2+ had priority over MPP and only so many boards could be made at a time.

Have you been under a rock for the last year?  Most of us saw all of this happen as it occurred and don't need a recap...   Wink


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"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
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October 28, 2014, 10:40:45 PM
 #11047

Have you been under a rock for the last year?  Most of us saw all of this happen as it occurred and don't need a recap...   Wink
What is the origin of "always bet on ice"?


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                `+███████#,               
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October 28, 2014, 10:51:59 PM
 #11048

What is the origin of "always bet on ice"?

It was a silly joke that caught on for some strange reason.  People love to hate it!   Cheesy


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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
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October 28, 2014, 11:29:42 PM
 #11049

What is the origin of "always bet on ice"?
It was a silly joke that caught on for some strange reason.  People love to hate it!   Cheesy
That is a relief.   I was worried that it originated with promoting that ICEDRILL illegal issuance that the SEC is now sending out letters about asking people who the "promoters" of these deals were.   That is why I found it strange that you kept typing it, almost like you were taunting the SEC.   Which I found surprising (not from people like Josh) since most people slowing walk away from a hornet's nest that is hanging precariously instead of poking it.


                  ,'#██+:                 
              ,█████████████'             
            +██████████████████           
          ;██████████████████████         
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        ██████               ;█████'      
      `█████                   #████#     
      ████+                     `████+    
     ████:                        ████,   
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   ;███+     ██             ███     ████  
   ████     ███'            ███.    '███, 
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 ███.   #██████████████████████████    ███,
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  ███;    ███████████████████████     ███;
  ████     #████████████████████     ████ 
   ███#     .██████████████████     `███+ 
   ████`      ;██████████████       ████  
    ████         '███████#.        ████.  
    .████                         █████   
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      #████'                    █████     
       +█████`                ██████      
        ,██████:           `███████       
          ████████#;,..:+████████.        
           ,███████████████████+          
             .███████████████;            
                `+███████#,               
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October 28, 2014, 11:41:29 PM
 #11050

If HF spent all the money on chips and on PCB with what money were they supposed to build the MPP?

Since you will not answer me to that let me ask you another question: Care to elaborate on HashFast back-up plan if they were unable to fully deliver their first batch of miners? What was HF doing until May when the bankruptcy started and why didn't they deliver their MPP for batch 1?

HF didn't anticipate having to spend "all the money" on PCB reworks plus other expenses (and later, refunds).

AFAIK, HF did "fully deliver their first batch of miners" or refund the orders.

HF was dealing with the PCB reworks, chip testing, cash flow, quality control, and other constraints until May.

Obviously Batch 2+ had priority over MPP and only so many boards could be made at a time.

Have you been under a rock for the last year?  Most of us saw all of this happen as it occurred and don't need a recap...   Wink

When did HF finished delivering Batch 1? What do you mean by "HF didn't anticipate having to spend "all the money" on PCB reworks plus other expenses (and later, refunds)"? Didn't they hire two or three PCB contractors? Why did they spend all the money on PCB reworks since they hired two or three companies to do the PCB job? I don't understand. Why did they have to pay extra for something they paid in the first place? Please explain.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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October 29, 2014, 12:48:22 AM
 #11051

When did HF finished delivering Batch 1? What do you mean by "HF didn't anticipate having to spend "all the money" on PCB reworks plus other expenses (and later, refunds)"? Didn't they hire two or three PCB contractors? Why did they spend all the money on PCB reworks since they hired two or three companies to do the PCB job? I don't understand. Why did they have to pay extra for something they paid in the first place? Please explain.

The answers to your questions are in this thread and/or available in the public documentation.

Have you been under a rock for the last year?  Most of us saw all of this happen as it occurred and don't need a recap...    Wink


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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 29, 2014, 01:26:30 AM
 #11052

When did HF finished delivering Batch 1? What do you mean by "HF didn't anticipate having to spend "all the money" on PCB reworks plus other expenses (and later, refunds)"? Didn't they hire two or three PCB contractors? Why did they spend all the money on PCB reworks since they hired two or three companies to do the PCB job? I don't understand. Why did they have to pay extra for something they paid in the first place? Please explain.

The answers to your questions are in this thread and/or available in the public documentation.

Have you been under a rock for the last year?  Most of us saw all of this happen as it occurred and don't need a recap...    Wink

Ok.

HashFail!

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October 29, 2014, 01:54:40 AM
 #11053

That is a relief.   I was worried that it originated with promoting that ICEDRILL illegal issuance that the SEC is now sending out letters about asking people who the "promoters" of these deals were.   That is why I found it strange that you kept typing it, almost like you were taunting the SEC.   Which I found surprising (not from people like Josh) since most people slowing walk away from a hornet's nest that is hanging precariously instead of poking it.

I choose my handle years before ID existed.  But let's get back on topic.

How do you feel about HF's assets being auctioned off ASAP as I suggested months ago, when they still had some value?   Grin

Do you think you can win in a bidding war, given the resources Simon and Eduardo have available to buy the severely depreciated assets?

https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120713/

^^^ I like the part where Gallo says "I told you so" about the failed Liquidbits deal.   Cheesy


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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 29, 2014, 03:03:29 PM
 #11054

We believe one previously announced effort at 28nm is using eASIC, so their cores are *much* bigger than they have to be. Of course their startup costs are much lower too, but it impacts the performance a lot. Look at the η-factor for other 28nm designs.
https://bitcointalk.org/index.php?topic=119668.0

The η-factor thing is total nonsense for ASICs if they're thermally limited.

Also, KnC is using a standard cell design, not an eASIC 'easycopy' or whatever. eASIC is just one of the companies they work with.

For a 400 GH/s ASIC, we are talking about:
200 cores @ 2 GHz -> 100 mm2 die (probably to high supply voltage required to meet power constraints)
400 cores @ 1 GHz -> 200 mm2 die (most feasible solution)
800 cores @ 500 MHz -> 400 mm2 die (would be the complete reticle size)

I don't say, that such an implementation is impossible. But it's is extremely risky and the thermal and power issue will be the hell. And based on what they have shown so far, I would say they are far away from tape-out.

The only thing which confuses me a bit is that Uniquify LOI. Why should Uniquify risk its reputation with false statements?
But maybe they just don't care about it, because the Bitcoin ASIC business always will be low volume and not that important for them.
cedivad
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October 29, 2014, 04:08:03 PM
 #11055

The only thing which confuses me a bit is that Uniquify LOI. Why should Uniquify risk its reputation with false statements?
Which part is false?

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
Minor Miner
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★ BitClave ICO: 08/11/17 ★


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October 29, 2014, 04:34:07 PM
 #11056


How do you feel about HF's assets being auctioned off ASAP as I suggested months ago, when they still had some value?   Grin

Do you think you can win in a bidding war, given the resources Simon and Eduardo have available to buy the severely depreciated assets?

https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120713/

^^^ I like the part where Gallo says "I told you so" about the failed Liquidbits deal.   Cheesy
Auction?  That is what I wanted in MAY.  That is what chapter 7 would have caused (and we would have gotten our money back).
I have little doubt I could outbid them.  The winner of an auction will be the one that values the assets higher than the people they are bidding against.  And you are presuming I would even be a bidder at this point in time. 
Gallo is the one that was pushing the LBs deal that never would have settled and wasted everyone's time and chance of getting their money back.   A deal that wasted around 10M in auction value during the negotiation with a "company" that had not proven they had the clean capital to honor the deal.   


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PuertoLibre
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October 29, 2014, 06:11:17 PM
 #11057

Quote
You have no remorse and no consideration for the fact that your company has exploited hundreds of people.
People lost their savings or got into debt. Many people lost their accomodation, because they couldn't pay up the rent.

I've been desperately following this thread and searching the internet for more information about my my losses to HF, this line is so far the most truthful thing I have read so far, I know that I have lost my money and I accept that, what hurts me more is the fact I talked my wife in letting me borrow against our home loan to purchase it and now I feel I have let her down.



  
You may be eligible for an emotional distress lawsuit.

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Worldcore
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ninjarobot
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October 30, 2014, 02:00:48 AM
 #11058

The company that got the "fastest" chip went bankrupt faster than any other company, didn't deliver one full batch of miners and managed to spend all the money from 4 batches of miners on chips and tricks. Did I miss something?

Nope. That sums it up nicely.
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October 30, 2014, 03:41:15 AM
 #11059

I don't believe for a second that piles of the fastest 28nm Bitcoin ASIC ever made sat around collecting dust until they're worthless.
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October 30, 2014, 04:51:03 AM
 #11060

We believe one previously announced effort at 28nm is using eASIC, so their cores are *much* bigger than they have to be. Of course their startup costs are much lower too, but it impacts the performance a lot. Look at the η-factor for other 28nm designs.
https://bitcointalk.org/index.php?topic=119668.0

The η-factor thing is total nonsense for ASICs if they're thermally limited.

Also, KnC is using a standard cell design, not an eASIC 'easycopy' or whatever. eASIC is just one of the companies they work with.

For a 400 GH/s ASIC, we are talking about:
200 cores @ 2 GHz -> 100 mm2 die (probably to high supply voltage required to meet power constraints)
400 cores @ 1 GHz -> 200 mm2 die (most feasible solution)
800 cores @ 500 MHz -> 400 mm2 die (would be the complete reticle size)

I don't say, that such an implementation is impossible. But it's is extremely risky and the thermal and power issue will be the hell. And based on what they have shown so far, I would say they are far away from tape-out.

The only thing which confuses me a bit is that Uniquify LOI. Why should Uniquify risk its reputation with false statements?
But maybe they just don't care about it, because the Bitcoin ASIC business always will be low volume and not that important for them.
I think you might have missed the last year and a bit.
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