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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 864340 times)
iCEBREAKER
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January 12, 2015, 02:17:23 AM
 #11401

Last post was 10 days ago.. Any update?

The lawyers want far more than the auction produced, leaving nothing for us.

As was predicted, because it was entirely predictable.

Good job on your Samson Option, dearest litigants.   Roll Eyes

Have fun paying your legal bills.   Cheesy


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Monero
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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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January 13, 2015, 06:44:56 PM
 #11402

So during the bankruptcy thing was there an audit on how were the money spent? Because I'm damn curious where would 40M-50M$ vanish while producing only a handful of miners. 

y isnt ne one responding to this?? i myself wanna know specifics about this not just a blanket statement like "production costs".
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January 13, 2015, 07:02:25 PM
 #11403

So during the bankruptcy thing was there an audit on how were the money spent? Because I'm damn curious where would 40M-50M$ vanish while producing only a handful of miners. 

y isnt ne one responding to this?? i myself wanna know specifics about this not just a blanket statement like "production costs".

Because there wasn't. Wait for the icetard to come and tell you that it is all in the documents...

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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January 13, 2015, 07:13:20 PM
 #11404

So during the bankruptcy thing was there an audit on how were the money spent? Because I'm damn curious where would 40M-50M$ vanish while producing only a handful of miners.  

this!

here is 700k:  I am willing to bet simon has the keys to https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

my 210btc is part of the 3000 btc at that address just 2 steps away from my payment.

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
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January 13, 2015, 07:15:14 PM
 #11405

So during the bankruptcy thing was there an audit on how were the money spent? Because I'm damn curious where would 40M-50M$ vanish while producing only a handful of miners. 

y isnt ne one responding to this?? i myself wanna know specifics about this not just a blanket statement like "production costs".

Because there wasn't. Wait for the icetard to come and tell you that it is all in the documents...

lol he can if he wants but if he knows where the numbers r i wont object to him posting a list himself but that means he will have to do the work and theres tonsssss of pages to go through but i havent seen one person yet post clear and direct statements relating to the money that came in (40-50m posted multiple times before) vs. the money that went out (i keep seein "production costs" but does that include new cars?? boats?? cold plated crappers??).

i was also wondering....i read some article online about the auction being a closed bidding thing where folks had to submit their offers but later it was canceled because the offers were "low ball offers". Is that true?? if so how does the offer matter?? i thought when a company goes belly up the stuff is sold for whatever its sold for no matter what?? thats how govt auctions are and same goes for storage auctions and bestbuy returns auctions and usps auctions all of which i have bid on in the past and never once did the auctioneer say "fuck it! you guys r a bunch of jews so im not selling this lot to u". maybe the article was wrong??
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January 13, 2015, 11:51:34 PM
 #11406

I wonder if at this exchange rate HF would allow full BTC refunds  Roll Eyes

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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January 14, 2015, 12:33:08 AM
 #11407

I wonder if at this exchange rate HF would allow full BTC refunds  Roll Eyes

That's the great thing about HF. If the price goes up, they refund USD. If the price goes down, they refund BTC. Windfall for HF no matter what happens.

Buy & Hold
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January 14, 2015, 01:01:16 AM
 #11408

I wonder if at this exchange rate HF would allow full BTC refunds  Roll Eyes

It's funny you mention this because I think the btc exchange rate was very close to what it is now when most of us bought our hashcrap miners with btc. Roughly going by the charts price was around $170 to $180 I think.  So yeah this may be the time to refund in btc, but I am 110% certain this is never going to happen. There is likely nothing of value left in this failure of a company. All the money went to lawyers, to pay for the undeserved salaries of the people running the company, etc.

On a different subject, I am amazed this thread is still going. I though this was a dead horse already. 

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January 14, 2015, 01:06:05 AM
 #11409

So during the bankruptcy thing was there an audit on how were the money spent? Because I'm damn curious where would 40M-50M$ vanish while producing only a handful of miners. 

y isnt ne one responding to this?? i myself wanna know specifics about this not just a blanket statement like "production costs".

Because there wasn't. Wait for the icetard to come and tell you that it is all in the documents...

Hi RS, I came as soon as I heard!   Tongue

Maybe it didn't occur to any of the ~12 lawyers involved to see if HF had concealed assets.

Maybe it takes the insight of a Sherlock Holmes like you to open such piercing lines of inquiry.

Or maybe high tech start-ups go bankrupt after burning through piles of cash all the time, and you just can't accept your hasty rush to judgement was wrong.


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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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January 14, 2015, 01:45:24 AM
 #11410

Or maybe high tech start-ups go bankrupt after burning through piles of cash all the time, and you just can't accept your hasty rush to judgement was wrong.

Fair enough. I would like to know on what exactly were the money spent. Can you tell us that?

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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iCEBREAKER
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January 14, 2015, 02:11:03 AM
 #11411

Or maybe high tech start-ups go bankrupt after burning through piles of cash all the time, and you just can't accept your hasty rush to judgement was wrong.

Fair enough. I would like to know on what exactly were the money spent. Can you tell us that?

"Exactly?"

An exhaustive itemized accounting would be hundreds or thousands of pages long. 

Can you tell us why you keep requesting such an unreasonable thing from me? 

Don't you believe the 12+ concerned bankruptcy lawyers did their jobs?  Or are they part of the conspiracy too, along with the judge?   Cheesy

I suspect you're this making absurd demand just so you can keep your confirmation bias safe from cognitive dissonance.  And your pride huge ego can't admit being wrong.

But please, give us a more plausible explanation.  If you can.   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
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
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January 14, 2015, 10:18:33 PM
 #11412

One thing I may have missed. Was the ASIC Maskset or rights to it put up during the auction or do they reside with Global foundries?

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January 26, 2015, 03:42:25 PM
 #11413

There have been a lot of recent legal docs posted on https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/

Can someone with an understanding of the American judicial system and bankruptcy law summarize what is going on please?  It is hard to understand from reading through all of the docs.
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January 26, 2015, 04:19:18 PM
 #11414

Basically the company is shutting down and what's left is moved to a trust. The committee is being dissolved, so I don't understand how exactly they plan on deciding what to do with the claims.

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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January 26, 2015, 08:01:38 PM
 #11415

ignore?
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January 26, 2015, 10:42:15 PM
 #11416

Basically the company is shutting down and what's left is moved to a trust. The committee is being dissolved, so I don't understand how exactly they plan on deciding what to do with the claims.

please correct me if i am wrong, I'm sure you will
but under docket 286 it states that unsecured claims(customers basically) are only paid out after administration has been paid... administration includes lawyers fees,staff, court fees etc. View VIII

Excess cash is what the trust is in control of, if there is no remaining excess cash from liquidation, no unsecured claims are paid out.

basically, all money that was acquired from the liquidation was paid to administration, there is no remaining excess cash.
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January 27, 2015, 05:12:52 PM
 #11417

Basically the company is shutting down and what's left is moved to a trust. The committee is being dissolved, so I don't understand how exactly they plan on deciding what to do with the claims.

please correct me if i am wrong, I'm sure you will
but under docket 286 it states that unsecured claims(customers basically) are only paid out after administration has been paid... administration includes lawyers fees,staff, court fees etc. View VIII

Excess cash is what the trust is in control of, if there is no remaining excess cash from liquidation, no unsecured claims are paid out.

basically, all money that was acquired from the liquidation was paid to administration, there is no remaining excess cash.


And this is basically why I did not want them to go chapter 7 or 11 or whatever.. I was hoping beyond hope that someone would come in and try and save the company.. at least we may have gotten paid eventually..  see BFL.. eventually they refunded everyone.

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iCEBREAKER
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January 27, 2015, 07:29:01 PM
 #11418

Basically the company is shutting down and what's left is moved to a trust. The committee is being dissolved, so I don't understand how exactly they plan on deciding what to do with the claims.

please correct me if i am wrong, I'm sure you will
but under docket 286 it states that unsecured claims(customers basically) are only paid out after administration has been paid... administration includes lawyers fees,staff, court fees etc. View VIII

Excess cash is what the trust is in control of, if there is no remaining excess cash from liquidation, no unsecured claims are paid out.

basically, all money that was acquired from the liquidation was paid to administration, there is no remaining excess cash.


And this is basically why I did not want them to go chapter 7 or 11 or whatever.. I was hoping beyond hope that someone would come in and try and save the company.. at least we may have gotten paid eventually..  see BFL.. eventually they refunded everyone.

You warned us once the lawyers got involved nobody else would get a single penny.

cedivad did a good job relentlessly hyping his lawyer and laying out a garden path to an easy court victory.

PM and MM were happy to jump on the legalistic bandwagon.  As were Gallo's clients suckers.

Now we get to laugh at them, and their ambulance chasing attorneys.



I'll get your BTC back from Hashfast's SECRET ESCROW MINE, plus damages.  Trust me!


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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
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
CryptKeeper
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January 27, 2015, 10:05:19 PM
 #11419

BTW competitor CoinTerra just filed for chapter 7:

http://www.coindesk.com/bitcoin-mining-firm-cointerra-files-chapter-7-bankruptcy/

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cedivad
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January 27, 2015, 10:49:34 PM
 #11420

BTW competitor CoinTerra just filed for chapter 7
If only HF had done this instead of waiting a month before converting to chapter 11...

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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