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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875472 times)
DPoS
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October 30, 2013, 02:59:14 AM
 #2101

Why? Do you seriously think they'll ever ROI?
who knows..  I've had 2 jupiters for 20 days and mined 37.5 BTC,
Those days are gone. You won't get anywhere near that in the next 20 days.

exactly - just posting how dramatic the BTC mining drops and also how dramatic ROI as cash can float depending on your timing of selling

will some people hold all their coins for months betting there won't be a crash?  That might be the gamble to save ROI as cash

 

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DPoS
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October 30, 2013, 03:05:29 AM
 #2102



I think you're calculating that incorrectly.  If you bought two Jupiters for 58 BTC each, or 116 BTC, and you've mined 37.5 BTC, then your ROI so far is -67%.

I do think KnCs stand a chance of having a USD ROI. At least I hope so since I have one (and paid USD for it, USD I wasn't planning on buying BTC with).  Will they ROI in BTC? I'm not sure. 

Both KnC and Hashfast units might ROI over the long, long term. But KnCs will have a huge head start, hopefully covering most of their initial cost before HF even ships.

I'm not in the camp of BTC spent to BTC mined for ROI..  There was no way to buy ~15000 worth of BTC on 0% interest credit cards so it is a moot point.  I won't generate any interest on my purchase until next June so your cost basis may vary.. and that will be 2014 dollars not 2013 which we all know inflation reduces that as time value of money with fiat (small but valid)

I was hoping to get more than half in cash value in the first 30 days, but missing that first week of October was a lot of coins left on the table.  But I am still one of the lucky ones to get it one week in.

Hopefully most of you are in the front of the line for HF



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October 30, 2013, 03:34:15 AM
 #2103



Are those computer cases there possibly baby jets in the making?

I had the same thought. But it looks like those are just computer cases.

tacotime
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October 30, 2013, 03:34:37 AM
 #2104

Update from hashfast;
  • HashFast claims that they are at fault for the delay in the application to substrate and no other company.
  • MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.  Three factors determine the ROI as given by the MPP: Device hash rate, network difficulty, and the estimated network hashrate.  Individual operation uptime/downtime does not play a role in the calculation.
  • HashFast states that it's their fault that pictures have not been available yet (because of the NDAs they signed with other companies that preclude their publishing) and that the NDAs themselves are not allowed to be published according to the other manufacturers.  HashFast will be working in the near future to provide some kind of undeniable evidence of a functional product.
  • Batch 1 will be shipped before Dec 31st, and HF anticipates that batch 2 will also be shipped before this time but cannot guarantee this claim given the current delay they have experienced.
  • Throughput at the assembly facility will be over 1000 machines per day, and these machines will be sent directly from the assembly house to the customer.
  • The case for refunds for customers who purchased miners before August 15th is being reviewed.

If you guys haven't seen already,
My hashfast contact and I have been working on the cgminer driver for a while for this protocol, and fortunately since they contacted me early, their final protocol is quite different to what they originally had in mind. I'm very pleased with the design overall, and the cgminer driver for it we've been working on will be pushed to a public repository tomorrow.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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October 30, 2013, 04:01:31 AM
 #2105



Are those computer cases there possibly baby jets in the making?

I had the same thought. But it looks like those are just computer cases.

actually that makes sense.  I'm sure they would show off the BJ cases like the Sierra case if they were available.  Cmon show some pics of them already!
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October 30, 2013, 04:24:20 AM
 #2106

  • MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.

Stick it to the fiat buyers. Two buyers paying the same day, one pays in BTC the other in fiat. One gets MPP, the other gets nothing. Ouch!

Buy & Hold
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October 30, 2013, 04:26:50 AM
 #2107

they arent even trying to say November anymore?

I doubt they are playing up a huge early surprise here..  better hammer out that MPP and what you will hash in real numbers and see if it adds up






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October 30, 2013, 05:46:16 AM
 #2108

  • MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.

I think the MPP is based entirely on BTC period.

According to MPP terms on https://hashfast.com/miner-protection-program/

Quote
If I didn’t pay in Bitcoin, how do you calculate the purchase price under the MPP and compare it to the amount Bitcoin generated?

If you paid in USD or other fiat currency, HashFast will base the calculations on the BTC to USD (or other currency) exchange rate we gave our customers the day of your purchase.
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October 30, 2013, 05:55:32 AM
 #2109

  • MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.

I think the MPP is based entirely on BTC period.

According to MPP terms on https://hashfast.com/miner-protection-program/

Quote
If I didn’t pay in Bitcoin, how do you calculate the purchase price under the MPP and compare it to the amount Bitcoin generated?

If you paid in USD or other fiat currency, HashFast will base the calculations on the BTC to USD (or other currency) exchange rate we gave our customers the day of your purchase.


tacotime please get a clarification because you may have just kicked over a hornets nest and if it is simply a miscommunication it might be a good idea to post a retraction.
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October 30, 2013, 06:01:17 AM
 #2110

Has anyone actually run the numbers on MPP?  The figures I'm looking at still don't put me in the black after receiving 4x after 90 days.

Oh, and no point in getting worked up over the BTC/USD issue...

Quote
If BTC value doubles against the dollar, are you still going to give me up to four times my original capacity?

Yes. The entire MPP program is based on BTC, which is a key reason we sell our machines for BTC. The increase in BTC-to-USD exchange rates may mean that you achieve fantastic ROI, even though your Baby Jet doesn’t generate the amount of Bitcoin you paid for it.  We ignore that in our MPP calculations, and will give you additional hashing capacity even though you achieved ROI on a USD basis.
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October 30, 2013, 07:00:42 AM
 #2111

CIARA is working exclusively with HashFast.  The competition will have to find another industry-leading goliath with logistic experience second to none.

I don't believe that.  How is it that you got Ciara to tie their own hands and agree not to do business with any other manufacturer of crypto hardware (I'm assuming that's what you mean by "competition")?  I call bullshit.  If your agreement really were exclusive, there would be a statement by Ciara to that effect.  I can find no such statement, and of course there was no official joint press-release.

That ridiculous "box of fans" you posted, should've gotten you guys shot by now.  It's an insult to everyones' intelligence.  With that, and as with so many other things, you people talk a good game, but you still lack proof.  So toss it up.  Prove to us that this agreement which you claim is exclusive, is indeed so.  Lest you look like more of the idiot that I've previously called you out to be.


Quote from: tacotime
HashFast claims that they are at fault for the delay in the application to substrate and no other company.

Thanks for the tidbit.  That's precisely why I said publicly that an engineer should have given that update, not the bumbling bobble-head marketing guy.

tacotime, you seem to be fulfilling your role quite well as a go-between and (hopefully) a community negotiating partner.  Keep up the good work.
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October 30, 2013, 07:25:56 AM
 #2112

Batch 1 will be shipped before Dec 31st, and HF anticipates that batch 2 will also be shipped before this time but cannot guarantee this claim given the current delay they have experienced.

Now that is a worry and seems to be lost in all the other good news.

Remember, unless these are being shipped by Father Christmas himself, you can use 31st December as a date but the days between the 20th December and 6th January are likely to be holiday for a.) Ciara b.) DHL / UPS c.) The recipient.

Given Christmas is a rather busy period for shipping and customs, anything not out of the door by 6th Dec stands a very good chance of not arriving in some parts of the world until at least 6th Jan.

The 20th Dec - 6th Jan dead window is possibly also true of any missing component that is holding up completion of the products. If the substrate is not received by 20th Dec, it's unlikely to magically appear until 6th January at the earliest.

Obviously I don't know what the holiday arrangements are of all concerned but we can be sure the holiday season will add further delays.
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October 30, 2013, 08:09:06 AM
 #2113

So, nothing for noone before the end of the year. Then if they are real, 4 times the hashrate in march, by supposing that they deliver that in time at least. And even with that, naturally, you won't roi.
Also, their NDAs are protected by an NDA.

Yes, everything now makes sense.

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 30, 2013, 08:17:20 AM
 #2114

So, nothing for noone before the end of the year. Then if they are real, 4 times the hashrate in march, by supposing that they deliver that in time at least. And even with that, naturally, you won't roi.
Also, their NDAs are protected by an NDA.

Yes, everything now makes sense.

No you are twisting what I said.

They say 'Batch 1 shipped before 31st Dec'.

I say 'Ship it before 6th Dec or it stands a good chance of not arriving until 6th Jan' (maybe depending on where you are in the world and customs etc).


I guess if you assume the people involved are working on 30th Dec they could still be shipped before 31st Dec... still unlikely to arrive until at least 6th Jan regardless of where you are in the world.
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October 30, 2013, 08:18:47 AM
 #2115

I wasn't replying to you... I was replying to the HF's continuously propagandised 31 Dec date.



Just for the luz of us, batch 1 owners, our non-roi if shipped by the end of this month.

4 BTC per BJ, 1/10 of what you spent. BFL style for the win!

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 30, 2013, 08:34:59 AM
 #2116

I wasn't replying to you... I was replying to the HF's continuously propagandised 31 Dec date.



Just for the luz of us, batch 1 owners, our non-roi if shipped by the end of this month.

4 BTC per BJ, 1/10 of what you spent. BFL style for the win!

Plus there's electricity costs..


 
         ▄▄█████████▄▄
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   ▄████▀            ▀████▄
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████▀▀▀▀▀▀▀████████▀▀▀▀▀▀▀███▄
████        ██████        ████
████        ██████        ████
████        ██████        ████
████        ██████        ████
 ████▄      ██████      ▄████
  ▀████     ██████    ▄████▀
    ▀████▄▄▄██████▄▄▄████▀
      ▀▀██████████████▀▀
TIDEX



btc_uzr
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October 30, 2013, 10:24:57 AM
 #2117

hm, I'm not sure that we will reach a diff of 2104M in 8weeks as this corresponds to 14-15PH/s
I do not see where it should come from

and feb with 11325M ~> 85PH/s is ridiculous from my point of view as it would mean hw for > 1Billion $
Not to speak of March.....or what's about December will we see 17,45 Exahash ??

..and Thou shalt spread the coin in the name of cryptography for eternity
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October 30, 2013, 10:43:11 AM
 #2118

I wasn't replying to you... I was replying to the HF's continuously propagandised 31 Dec date.



Just for the luz of us, batch 1 owners, our non-roi if shipped by the end of this month.

4 BTC per BJ, 1/10 of what you spent. BFL style for the win!

LOL! Whoever takes you serious does a big mistake....
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October 30, 2013, 10:56:49 AM
 #2119

    • Batch 1 will be shipped before Dec 31st, and HF anticipates that batch 2 will also be shipped before this time but cannot guarantee this claim given the current delay they have experienced.
    • The case for refunds for customers who purchased miners before August 15th is being reviewed.

    So we've gone from two weeks to two months.  BFL 2.0!

    Of course, they could theoretically ship before the middle of November.

    On the plus side this gives people considering a lawsuit more time.

    Oh, and it also means a lot more money for KnC customers  Grin[/list]

    cedivad
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    October 30, 2013, 11:21:20 AM
     #2120

    You don't see that hashrate coming?
    Why don't you bet against me? That will allow to hedge my investment and will be free money for you.

    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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