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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 865590 times)
Minor Miner
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November 15, 2014, 06:48:21 PM
 #11141

Minor Manor is quick to blame and be judgmental himself but forgets that it was his fearless brother and the inept creditors committee that hired all the lawyers (that didn't know jack shit about process or business), who kept HF from making any sales when they could, and who hired the CRO who spent all the money along with the lawyers.  How can you possibly blame "management" who generically and specifically don't even exist anymore (as if they ever did)?  When do the creditors get to claim suits against the creditors committee for such a nonsensical waste of taxpayer monies to pay a bunch of legal and administrative expenses and screw all of us creditors?  Or is the assumption that some angry bunch of "we don't know anything but how to play online all day complaining" guys going to bid on the claim against Eddie and Simon in order to pay the creditors with the pittance they get out of that?
Management hired two sets of lawyers.  Those were the morons that ran this company into the ground for the last six months refusing to do anything.
But to the point you seem concerned about.    The winner of the auction for the claims against management OWNS those claims.   Whatever funds are recovered from the two of them ONLY goes to the bidder....   
Nothing goes to the estate other than the amount bid.


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November 16, 2014, 11:43:57 AM
 #11142

Whatever funds are recovered from the two of them ONLY goes to the bidder....
Only Barber's claims are being auctioned off.

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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November 16, 2014, 11:34:41 PM
 #11143

Has anybody set up a pool for funding on the auction?
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November 17, 2014, 05:48:57 PM
 #11144

I apologize, but I don't know where the details of the auction are, and I have not spent much time searching.

Would anyone mind providing a link?


I try to be respectful and informed.
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November 17, 2014, 06:13:39 PM
 #11145

I apologize, but I don't know where the details of the auction are, and I have not spent much time searching.

Would anyone mind providing a link?

The arstechnica article links the court document with the details.  It's Dec. 4th in San Francisco if you plan to bid there is a procedure you need to follow a head of time to show you are a serious bidder.

https://www.documentcloud.org/documents/1355370-gov-uscourts-canb-522575-228-0.html

http://arstechnica.com/tech-policy/2014/11/its-all-over-bitcoin-miner-maker-hashfast-to-auction-remaining-assets/

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November 18, 2014, 10:10:42 PM
 #11146

Whatever funds are recovered from the two of them ONLY goes to the bidder....
Only Barber's claims are being auctioned off.
Mr Cavion is right, i am slightly disgusted by this though.
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November 18, 2014, 10:41:31 PM
 #11147

Whatever funds are recovered from the two of them ONLY goes to the bidder....
Only Barber's claims are being auctioned off.
Mr Cavion is right, i am slightly disgusted by this though.

Meaning you don't think they should be auctioned or you think that there should be more auctioned?

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November 18, 2014, 10:50:50 PM
 #11148

Whatever funds are recovered from the two of them ONLY goes to the bidder....
Only Barber's claims are being auctioned off.
Mr Cavion is right, i am slightly disgusted by this though.

Meaning you don't think they should be auctioned or you think that there should be more auctioned?
thats a good question.
I don't think they should be auctioned off, but if they are going to, they should have more people on the docket.
its disgusting how easily they all seem to be getting off.
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November 22, 2014, 07:58:47 PM
 #11149

So I guess this all means that us regular creditors are screwed.

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November 22, 2014, 08:39:59 PM
 #11150

So I guess this all means that us regular creditors are screwed.

All of us creditors have been screwed since the bankruptcy motion was filed months ago.

The lawyers going through the motions and doing their expensive little dances just makes the screwing official.

ASICMINER should try to outbid everyone else for HF's 28/16nm ASIC IP, but they'd probably rather waste money on another one of their own failed designs than simply buy a proven one and its bleeding edge successors.


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November 22, 2014, 08:49:54 PM
 #11151

So I guess this all means that us regular creditors are screwed.

All of us creditors have been screwed since the bankruptcy motion was filed months ago.

The lawyers going through the motions and doing their expensive little dances just makes the screwing official.

ASICMINER should try to outbid everyone else for HF's 28/16nm ASIC IP, but they'd probably rather waste money on another one of their own failed designs than simply buy a proven one and its bleeding edge successors.

not sure what youre spouting nonsense like this for - Asicminer's BE200 is a 40nm chip that is capable of 0.7w/GH. They already have a 28nm BE300 taped out that is expected to be around 0.3w/GH at the chip level

hashfast has effectively made thier hardware and IP worthless at this point

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November 22, 2014, 08:56:59 PM
 #11152

So I guess this all means that us regular creditors are screwed.

All of us creditors have been screwed since the bankruptcy motion was filed months ago.

The lawyers going through the motions and doing their expensive little dances just makes the screwing official.

ASICMINER should try to outbid everyone else for HF's 28/16nm ASIC IP, but they'd probably rather waste money on another one of their own failed designs than simply buy a proven one and its bleeding edge successors.

not sure what youre spouting nonsense like this for - Asicminer's BE200 is a 40nm chip that is capable of 0.7w/GH. They already have a 28nm BE300 taped out that is expected to be around 0.3w/GH at the chip level

hashfast has effectively made thier hardware and IP worthless at this point

I wouldnt say worthless. Hashfast still has the biggest hashrate per chip out there. The closest competitors come is Butterflylabs or cointerra at 400-600gh

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November 22, 2014, 09:02:09 PM
 #11153

ASICMINER should try to outbid everyone else for HF's 28/16nm ASIC IP, but they'd probably rather waste money on another one of their own failed designs than simply buy a proven one and its bleeding edge successors.

not sure what youre spouting nonsense like this for - Asicminer's BE200 is a 40nm chip that is capable of 0.7w/GH. They already have a 28nm BE300 taped out that is expected to be around 0.3w/GH at the chip level

hashfast has effectively made thier hardware and IP worthless at this point

"Worthless?"  When you protest too much like that, it signals to everyone that you would rather make an ignorant ass of yourself than present a reasonable argument.

ASICMINER has missed their spec by a mile on every generation of their chips except the first.  The BE300 won't get 0.3W/GH, although as a shareholder I wish it would.

Did you miss the bit about HF's 16nm finFET GN2?  Buying that would give AM a chance to catch up with KnC and Cointerra.


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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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November 22, 2014, 09:46:40 PM
 #11154

ASICMINER should try to outbid everyone else for HF's 28/16nm ASIC IP, but they'd probably rather waste money on another one of their own failed designs than simply buy a proven one and its bleeding edge successors.

not sure what youre spouting nonsense like this for - Asicminer's BE200 is a 40nm chip that is capable of 0.7w/GH. They already have a 28nm BE300 taped out that is expected to be around 0.3w/GH at the chip level

hashfast has effectively made thier hardware and IP worthless at this point

"Worthless?"  When you protest too much like that, it signals to everyone that you would rather make an ignorant ass of yourself than present a reasonable argument.

ASICMINER has missed their spec by a mile on every generation of their chips except the first.  The BE300 won't get 0.3W/GH, although as a shareholder I wish it would.

Did you miss the bit about HF's 16nm finFET GN2?  Buying that would give AM a chance to catch up with KnC and Cointerra.

Good point. Also bear in mind that the chip can be evolved once the rights to it are secured. However....

Does this get any of us our money back?

Does it fuck.

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November 22, 2014, 09:51:36 PM
 #11155

Good point. Also bear in mind that the chip can be evolved once the rights to it are secured. However....

Does this get any of us our money back?

That's true!  The 16nm GN2 is a work in progress and could easily be changed from a big hot chip into an AM style small cool one.

Our best chance to get our money back is to find some deep pockets for HF's IP and start a bidding war.

KnC might bid on it just to keep it out of the hands of their competition.

I've posted my suggestion on the AM thread.  Who else needs a strong headstart in the 16nm BTC ASIC space?

I'm sure 21e6 already know about the auction, but many Bitmain could use a heads-up...


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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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November 22, 2014, 09:54:30 PM
 #11156

Good point. Also bear in mind that the chip can be evolved once the rights to it are secured. However....

Does this get any of us our money back?

That's true!  The 16nm GN2 is a work in progress and could easily be changed from a big hot chip into an AM style small cool one.

Our best chance to get our money back is to find some deep pockets for HF's IP and start a bidding war.

KnC might bid on it just to keep it out of the hands of their competition.

I've posted my suggestion on the AM thread.  Who else needs a strong headstart in the 16nm BTC ASIC space?

I'm sure 21e6 already know about the auction, but many Bitmain could use a heads-up...


I do see a fatal flaw in yoir argument though.
The already established h/w manufacturers were once little miners like ourselves, and we all take great pride (especially so - the honourable Chinese) in our creations.

Why breed a mongrel when your farm is full of pegidree dogs?

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November 22, 2014, 10:10:00 PM
 #11157

I do see a fatal flaw in yoir argument though.
The already established h/w manufacturers were once little miners like ourselves, and we all take great pride (especially so - the honourable Chinese) in our creations.

Why breed a mongrel when your farm is full of pegidree dogs?

HF's IP is a race-winning thoroughbred horse, not a mongrel.

And thanks to hybrid vigor, mutts have healthier immune systems plus longer life spans.

Inbred pedigrees have all kinds of issues.  Poor little pugs' eyeballs sometimes pop out of their sockets!   Undecided

The "pride" issue is the major obstacle to AM using HF's 16nm IP, IMO.

There is no other reason for AM to pay extra to create its own 16nm IP from scratch when another one is available at a discount.

They should take what the hotshots at DXCore, Sandgate, and Uniquify have done for HF, and modify it with/graft on their own ideas for a final design.


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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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"Fungibility provides privacy as a side effect."  Adam Back 2014
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November 23, 2014, 02:45:51 AM
 #11158

I wouldnt say worthless. Hashfast still has the biggest hashrate per chip out there. The closest competitors come is Butterflylabs or cointerra at 400-600gh

"hashrate per chip" is a useless metric. In fact, it's worse than useless. The "big" chips are the least successful chips. The "small" chips are what has been successful, for good reason. I'll let you figure out why small is better.

Buy & Hold
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November 23, 2014, 02:52:51 AM
 #11159

I wouldnt say worthless. Hashfast still has the biggest hashrate per chip out there. The closest competitors come is Butterflylabs or cointerra at 400-600gh

"hashrate per chip" is a useless metric. In fact, it's worse than useless. The "big" chips are the least successful chips. The "small" chips are what has been successful, for good reason. I'll let you figure out why small is better.

Yes small cooler chips are more efficient for sure, but bigger chips that get alot more power per chip are cheaper.

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November 23, 2014, 03:17:08 AM
 #11160

Yes small cooler chips are more efficient for sure, but bigger chips that get alot more power per chip are cheaper.

You're confusing size with density. "GH per chip" is size. "GH per mm^2" is density. Density means you get more hashrate per wafer. Size of the chip is meaningless.

Buy & Hold
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