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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 864642 times)
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November 11, 2014, 05:35:28 AM
 #11101

Try to put a price tag on removing a bad actor from the mining industry and discouraging other players to follow step. There was never an indication that HashFast would turn around and stop abusing the market. In fact the opposite is true. Old HF customers may get less or close to nothing for their contracts and orders, but overall this should be considered a healthy outcome because it prevents the company from destroying wealth of future miners.

You can start a poll and ask people if they'd rather get 5 cents on a dollar or see their abuser brought to justice.

What lawyers, especially those on contingency, seem to not understand is that legal action is not a business tool. It is a vehicle for stopping abuse. However, in an environment in which the rule of law is increasingly abandoned this confusion is understandable.

Having completely lost the utilitarian debate over objective practical matters such as efficacy of strategy, you predictably retreat to an amorphous subjective moral high ground and try to claim some kind of vague ethical victory For The Common GoodTM.

But there is no "bad actor" here.  Even Gallo admits the claims against the CTO/CEO are probably worthless.

And there is no an "abuser" who needs to be "brought to justice."  Otherwise, the District Attorney or FTC would be involved.

The "rule of law" has not been "abandoned" and you are using an inapplicable histrionic paradigm to evaluate these circumstances.  Bitcoin involvement notwithstanding, this is a perfectly normal business situation, not any kind of criminal enterprise.

people with a whole shitton of money were going to try to buy out the company and get a whole new crew in there

What part of ^that^ did you not understand?

The HF GH1 ASIC is a completely innocent piece of outstanding technology, and the customers who have been forced to lock in their preorder/MPP losses have been done a disservice by the eagerness of a tiny minority to enter endless, expensive, futile litigation.


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November 11, 2014, 05:41:09 AM
 #11102

Very interesting.

Uniquify looks like it has the guns to undertake this.

It appears I was mistaken!  Sad

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November 11, 2014, 05:49:11 AM
 #11103

Very interesting.

Uniquify looks like it has the guns to undertake this.

It appears I was mistaken!  Sad

You were correct.  Uniquify did a suburb job of translating HF's chip RTL into an architecture.

Don't blame them in the rush to assign blame.  They did exactly what they were asked to do, but it wound up costing them $$$,$$$ for their efforts.   Undecided


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November 11, 2014, 06:00:43 AM
 #11104

Very interesting.

Uniquify looks like it has the guns to undertake this.

It appears I was mistaken!  Sad

You were correct.  Uniquify did a suburb job of translating HF's chip RTL into an architecture.

Don't blame them in the rush to assign blame.  They did exactly what they were asked to do, but it wound up costing them $$$,$$$ for their efforts.   Undecided

Which boards are using Hashfast chips?

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November 11, 2014, 06:10:52 AM
 #11105

Which boards are using Hashfast chips?

You can find that out by simply reading this thread.

HF Yoli, Habanero, and a couple of others use their chips.

It's not Uniquify's fault that HF failed, if that's what you're (passive aggressively) trying to imply.


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November 11, 2014, 06:16:12 AM
 #11106

Which boards are using Hashfast chips?

You can find that out by simply reading this thread.

HF Yoli, Habanero, and a couple of others use their chips.

It's not Uniquify's fault that HF failed, if that's what you're (passive aggressively) trying to imply.

I was hoping for an exhaustive list of the boards so I could compare specs, not just a few examples.
Clearly, you are not the resource to summarize the 11,000 replies from this thread. I shall look elsewhere.

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November 11, 2014, 06:20:07 AM
 #11107

Which boards are using Hashfast chips?

You can find that out by simply reading this thread.

HF Yoli, Habanero, and a couple of others use their chips.

It's not Uniquify's fault that HF failed, if that's what you're (passive aggressively) trying to imply.

I was hoping for an exhaustive list of the boards so I could compare specs, not just a few examples.
Clearly, you are not the resource to summarize the 11,000 replies from this thread. I shall look elsewhere.

I've provided most of the "exhaustive list."

Actually I am "the resource to summarize the 11,000 replies from this thread."  Sorry you expect too much for nothing, except grief.

Good luck with your massive sense of entitlement.   Wink


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whether we have a dictatorship or a real democracy." 
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November 11, 2014, 06:56:40 AM
 #11108

Having completely lost the utilitarian debate over objective practical matters such as efficacy of strategy, you predictably retreat to an amorphous subjective moral high ground and try to claim some kind of vague ethical victory For The Common GoodTM.
There is no victory in this. The bankruptcy action was the outcome of a deteriorating situation and irresponsible company behavior. Why do you think the action was approved so quickly? Because the company was being responsible?

But there is no "bad actor" here.  Even Gallo admits the claims against the CTO/CEO are probably worthless.
Taking peoples assets and not delivering as agreed upon or represented by at the time is bad acting. The reason why the company started playing around with cash flow of their orders is massive undercapitalization. Simply put they bit off more than they could chew for the amount of risk capital which went into the company formation. Customers didn't sign up to become equity holders - they ordered a product.

And there is no an "abuser" who needs to be "brought to justice."  Otherwise, the District Attorney or FTC would be involved.

The "rule of law" has not been "abandoned" and you are using an inapplicable histrionic paradigm to evaluate these circumstances.  Bitcoin involvement notwithstanding, this is a perfectly normal business situation, not any kind of criminal enterprise.
By that logic the absence of a trial or a judgement means there was no crime. The only part I agree with is that the HashFast story has somewhat become the new normal: Reward owners and shareholders for failing businesses and perform a bail-in on customers and business partners when things become sour.

people with a whole shitton of money were going to try to buy out the company and get a whole new crew in there

What part of ^that^ did you not understand?
How big does a carrot have to be to keep you going in the face of failure? Apart from the missing indicators for the "shitton of money", what was the guarantee that this money would have been used to make good by the customers?

The HF GH1 ASIC is a completely innocent piece of outstanding technology, and the customers who have been forced to lock in their preorder/MPP losses have been done a disservice by the eagerness of a tiny minority to enter endless, expensive, futile litigation.
Ok. Let's hail the HF chip to maximize return on the upcoming auction. But let's just for a moment entertain the notion that the HF chip requires close to the most expensive board design in the industry to keep it operating. If you don't have break-through technology to build a cost-competitive board for the chip, you're toast.

The only thing I don't understand is your role in all of this. The only rational conclusion which lends itself to making sense is that you were "in on the scheme" and the disruption by the bankruptcy deprived you of a source of income. Anything else would suggest that you're suffering from the Stockholm syndrome.

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November 11, 2014, 10:32:33 AM
 #11109

Which boards are using Hashfast chips?

You can find that out by simply reading this thread.

HF Yoli, Habanero, and a couple of others use their chips.

It's not Uniquify's fault that HF failed, if that's what you're (passive aggressively) trying to imply.

WHAT? I thought HF didn't fail. What are you saying over here?

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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November 11, 2014, 12:44:55 PM
 #11110

The only thing I don't understand is your role in all of this. The only rational conclusion which lends itself to making sense is that you were "in on the scheme" and the disruption by the bankruptcy deprived you of a source of income. Anything else would suggest that you're suffering from the Stockholm syndrome.

+1 Disgruntled shill who is angry he didn't paid his "fair" market rate. So he comes on here trying to extract pain and hurt from anyone that helped upset the apple cart. Too bad there wasn't a criminal prosecution and all the documents / communications were revealed his contract with HF would be laid out for all to see then.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
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November 12, 2014, 12:55:26 AM
 #11111

you're suffering from the Stockholm syndrome.

There you go again with that inapplicable histrionic paradigm I mentioned earlier, comparing a tiny start-up to violent kidnappers.   Roll Eyes

We can't have a rational discussion when you resort to cheap stolen metaphors where you equate those who simply partially disagree with you to hostages suffering psychological damage.

Quote
Taking peoples assets and not delivering as agreed upon or represented by at the time is bad acting.

That is only true absent best efforts.  HF's best efforts were demonstrated to the satisfaction of the bankruptcy court.  Please explain why you think Judge Montali is wrong.

Quote
the absence of a trial or a judgement means there was no crime.

So you believe that we are guilty until proven innocent?  Sorry but that's not how it works in America, where we are presumed innocent.

Please cite the law you believe HF has broken, or STFU with your vague defamatory claims.

Quote
Apart from the missing indicators for the "shitton of money", what was the guarantee that this money would have been used to make good by the customers?

The indicators were not "missing."  HF was meeting with potential investors to recapitalize when that process was disrupted by the spectacularly unwise bankruptcy filing.

Asking for a "guarantee" is not the proper standard; you should know there are no guarantees in life except death and taxes!

The proper standard is probability based, and as armyof1 pointed out recapitalization would have resulted in a new team because the investors would insist on it to protect their investments.

The only reason you ask for an unreasonable 100% guarantee instead of the more rational better chance of success as compared to the legal approach is because you want to indulge in absolutist histrionics.  You are trying to make perfect the enemy of better, like a child throwing a tantrum who won't accept anything less than exactly what they want.

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the HF chip requires close to the most expensive board design in the industry

That's only if you want to run a four chip module at top speed.  Much cheaper boards could be made to run more or less chips at lower power.

Once again, you use an artificial demand for perfection to justify your histrionic absolute negativism, like a cranky toddler that needs a good smacking and long nap.   Wink


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whether we have a dictatorship or a real democracy." 
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November 12, 2014, 01:03:28 AM
 #11112

+1 Disgruntled shill who is angry he didn't paid his "fair" market rate. So he comes on here trying to extract pain and hurt from anyone that helped upset the apple cart. Too bad there wasn't a criminal prosecution and all the documents / communications were revealed his contract with HF would be laid out for all to see then.

I am a HF customer, unlike Bitchnellski who is too poor to do anything except beg ASIC companies for free stuff that other people risked a lot of money to get built.

The "pain and hurt" we HF customers are feeling is the result of our losses being locked in and actualized by the monumentally ill-advised bankruptcy filing, which cut short HF's attempts to recapitalize and destroyed what value remained via a a lengthy and hideously expensive legal process.

Go beg on some street corner Bitchnellski.  You will have better luck with that than expecting start-ups operating under tremendous pressure to give you gifts of other people's property.


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November 12, 2014, 04:15:48 AM
 #11113

+1 Disgruntled shill who is angry he didn't paid his "fair" market rate. So he comes on here trying to extract pain and hurt from anyone that helped upset the apple cart. Too bad there wasn't a criminal prosecution and all the documents / communications were revealed his contract with HF would be laid out for all to see then.

I am a HF customer, unlike Bitchnellski who is too poor to do anything except beg ASIC companies for free stuff that other people risked a lot of money to get built.

The "pain and hurt" we HF customers are feeling is the result of our losses being locked in and actualized by the monumentally ill-advised bankruptcy filing, which cut short HF's attempts to recapitalize and destroyed what value remained via a a lengthy and hideously expensive legal process.

Go beg on some street corner Bitchnellski.  You will have better luck with that than expecting start-ups operating under tremendous pressure to give you gifts of other people's property.

I may be confused, it's been known to happen. But it looks like your're trying to give buddy a hard time for requesting product samples for his open source mining project? This is the worst PR ever. Well, actually Josh from BFL calling his wife was even worse but this is bad.
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November 12, 2014, 10:17:09 AM
 #11114

I may be confused, it's been known to happen. But it looks like your're trying to give buddy a hard time for requesting product samples for his open source mining project? This is the worst PR ever. Well, actually Josh from BFL calling his wife was even worse but this is bad.

Requesting product samples is one thing.  Ignoring the fact that other people paid and risked a great deal of money to produce those samples is quite a different matter.

Bitchnellski acts nicely when he's begging for free stuff, but if he doesn't get his handouts he turns into a hater, which demonstrates his deplorable sense of entitlement.

If he really wanted to provide leadership to some sort of collective, he should raise the money to buy a dev kit like everyone else.
Quote
Bitchnellski:  "Hey man, can you spare a couple of ASICs for a good cause?"

ASIC Co:  "Sorry our ASICs are all spoken for by the people who paid to help us make them."

Bitchnellski:  "Well fuck you asshole!  I'll never forgive your greedy company for not respecting the entitlements of my awesome WASP Collective!"

ASIC Co:  "WTF is a WASP Collective and why is it entitled to product samples before we have shipped all our paid orders?  Would you like to buy a dev kit?"

Bitchnellski: "OMG THIS IS A SCAM I HATE YOUR STUPID FACE!!!11!!1!"


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whether we have a dictatorship or a real democracy." 
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November 12, 2014, 11:08:02 AM
 #11115

<blah blah>

Sooo after 4 December will you go away?

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November 12, 2014, 06:41:18 PM
 #11116

<blah blah>

Sooo after 4 December will you go away?

I would never give you the satisfaction, my little chocolate teapot.   Wink


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whether we have a dictatorship or a real democracy." 
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armyof1ne
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November 13, 2014, 05:08:44 PM
 #11117

So hay everyone, Got a quick question i hope someone can answer, out of the 11 million they supposedly have in cash and stock, how much of that is going to the lawyers before going to us? anyone know yet?
MrTeal
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November 13, 2014, 05:12:59 PM
 #11118

So hay everyone, Got a quick question i hope someone can answer, out of the 11 million they supposedly have in cash and stock, how much of that is going to the lawyers before going to us? anyone know yet?
You sure you're not confusing this with BFL?
armyof1ne
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November 13, 2014, 05:27:10 PM
 #11119

So hay everyone, Got a quick question i hope someone can answer, out of the 11 million they supposedly have in cash and stock, how much of that is going to the lawyers before going to us? anyone know yet?
You sure you're not confusing this with BFL?
nope, so supposedly they said something around 11M in stock, 124,000 in cash, and some bitcoins(a small amount) originally in US cash using the bitcoin cost at the time of purchase, they have about 20M in debts, since bitcoins raised up quite a bit, 40M is now due from hashfast...

That is before lawyers fees. The auction is on the 8th of Dec... they feel their chips and everything else is worth around 11 million...(its probably going to be far less than that) i just wanted to know how much the lawyers are taking out of the available pool.
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November 13, 2014, 05:48:13 PM
 #11120

So hay everyone, Got a quick question i hope someone can answer, out of the 11 million they supposedly have in cash and stock, how much of that is going to the lawyers before going to us? anyone know yet?
You sure you're not confusing this with BFL?
nope, so supposedly they said something around 11M in stock, 124,000 in cash, and some bitcoins(a small amount) originally in US cash using the bitcoin cost at the time of purchase, they have about 20M in debts, since bitcoins raised up quite a bit, 40M is now due from hashfast...
That is before lawyers fees. The auction is on the 8th of Dec... they feel their chips and everything else is worth around 11 million...(its probably going to be far less than that) i just wanted to know how much the lawyers are taking out of the available pool.
Unless bitcoin prices rise substantially between now and the auction, I would think the company has wasted most of their value.   I would be shocked to see half of that bid by anyone.


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