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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875472 times)
btc_uzr
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let's have some fun


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October 30, 2013, 12:59:23 PM
 #2121

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.

Get me right, I know how it feels to see diff raising and delivery date moving away.
It makes you think irrational caused by the fear of loosing money, no?

I could argue exactly the same way for btc value increase as you do regarding diff increase:
BTC value increased the last years by xxxx% a yr, and the last 14days by a remarkable % step,
keeping this increase would predict that ~40BTC your mined BTC will be way more money than you paid for your hardware..


Do not take those numbers from the mining-calculator for granted.
When you do some research what's going to be shipped and in which time frame, you will be more relaxed than now.
All this hashing power you fear has to be produced and paid first, and I just do not see how the hw costs for the BTC infrastructure will become more in value than the currency itself.

Comparing amount of BTC at point in time of preorder with expected ROI in btc is the wrong way to calculate things.
You could have bought those BTC at the day you spent yours and you could have paid in fiat as well.

Keep in mind mining is sth. else than speculation, as there are downtimes, fires, broken parts, noise, heat, electricity, hw/sw issues,...
If you love dealing with hw/sw this is a great hobby, for getting rich you should not start mining at all but speculate instead.

So if you're unhappy with your investment and you cannot get a refund, how about selling your pre-orders on ebay like those BFL preorders have been sold. I'm sure sooner or later you can sell them for 5% more than you have paid.

btw:
I've already bet against your HF preorder with my KnC preorder I assume, as I intent to run my device some time
Yours will have a better GH/s per $ and GH/s per W, and in addition this MPP, so in long term I have to be really afraid of your hw as it will still be profitable when I have to switch mine off.

..and Thou shalt spread the coin in the name of cryptography for eternity
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tacotime
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October 30, 2013, 01:33:25 PM
 #2122

  • 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.

Hey,

It may have been a miscommunication; this is what they said:
Quote
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.

I'll double check, it may indeed be the case that everything is in BTC regardless of the way in which you paid for it.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
DeathAndTaxes
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Gerald Davis


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October 30, 2013, 03:02:55 PM
 #2123

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!

So you really believe the network will be 14 PH in Dec, 30 PH in Jan, 80 PH in Feb, and 160 PH in Mar?

There may be legitimate complaints but when you start posting nonsense like that it is hard to take you seriously.  If that difficulty schedule is correct then no miner from any vendor which isn't already in someone hands and having earned 70%+ of its purchase price will ever generate a return.   In other words if your "projection" is accurate it doesn't really matter if HF is late.  You were looking at a 70% loss even if they shipped a week EARLY.

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Gerald Davis


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October 30, 2013, 03:05:32 PM
 #2124

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.

I will gladly bet against you.  Even money difficulty remains below the "projection" you posted.  We can do 1 bet for each month Dec, Jan, Feb, Mar.

Let me know how much per month (same amount and you have to bet for all months) and who you want to hold the escrowed funds.   I can match your bet today so hedge away.
cedivad
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October 30, 2013, 03:19:00 PM
 #2125

Let me know how much per month (same amount and you have to bet for all months) and who you want to hold the escrowed funds.   I can match your bet today so hedge away.
Come on, we all agree that it will be below the 150% per month projected with tgb.

14 PH in Dec, 30 PH in Jan, 80 PH in Feb, and 160 PH in Ma
7 PH in Dec, 15 PH in Jan and 30 PH in Feb would make sense to me. What are your estimates?

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, 03:37:46 PM
 #2126

Let me know how much per month (same amount and you have to bet for all months) and who you want to hold the escrowed funds.   I can match your bet today so hedge away.
Come on, we all agree that it will be below the 150% per month projected with tgb.

14 PH in Dec, 30 PH in Jan, 80 PH in Feb, and 160 PH in Ma
7 PH in Dec, 15 PH in Jan and 30 PH in Feb would make sense to me. What are your estimates?

May i remind you?

Quote
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!

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.

So whats wrong now!?!!
cedivad
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October 30, 2013, 03:47:37 PM
 #2127

?
Tired of everything, bitcoin and especially mining is not for me. Too much stress.

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
jjiimm_64
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October 30, 2013, 03:50:39 PM
 #2128

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.

I will gladly bet against you.  Even money difficulty remains below the "projection" you posted.  We can do 1 bet for each month Dec, Jan, Feb, Mar.

Let me know how much per month (same amount and you have to bet for all months) and who you want to hold the escrowed funds.   I can match your bet today so hedge away.

I will also take the bet...  I am willing to give 2:1 odds

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
cedivad
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October 30, 2013, 03:51:10 PM
 #2129

But for what hashrates?

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
ImI
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October 30, 2013, 03:57:11 PM
 #2130

But for what hashrates?

How about those?

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!

Diff of 11325Mio = 81090TH/s network performance
cedivad
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October 30, 2013, 03:58:50 PM
 #2131

Come on...

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
jjiimm_64
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October 30, 2013, 03:59:59 PM
 #2132

But for what hashrates?

I will bet you 2:1 that the difficulty will be less then you stated in the following url:

Code:
http://i.imgur.com/6zjexjt.png




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ImI
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October 30, 2013, 04:02:06 PM
 #2133

?
Tired of everything, bitcoin and especially mining is not for me. Too much stress.

Yeah, you are definitely not at your comfort zone in this business.

But why the fuck do you also start to stress others?!? Cause thats exactly what you are doing when you state things like those in your signature.

Its a somehow exhausting situation for all of us, but to spread the bullshit you do in this thread wont help anyone here. It just makes our all waiting situation much more exhausting and annoying.
cedivad
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October 30, 2013, 04:04:02 PM
 #2134

What an interesting point of view...
So HF is free not to show proof that everything was ready but this stupid substrate that had a problem and i can't complain about that because it makes you feel uncomfortable.

Tragicomic.

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
ImI
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October 30, 2013, 04:05:17 PM
 #2135

Come on...

Seriously dude, you are constantly unnerving all of us here and are demanding indulgence?!
whitehawk501
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October 30, 2013, 04:06:33 PM
 #2136

Quote
The case for refunds for customers who purchased miners before August 15th is being reviewed.
This makes me happy.  I agreed to a different set of terms when I purchased than what they say I agreed to now.
cedivad
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October 30, 2013, 04:07:55 PM
 #2137

Come on...
Seriously dude, you are constantly unnerving all of us here and are demanding indulgence?!
I'm demanding you not to really believe that i believe that the difficulty will grow 150% at month for months.

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
jjiimm_64
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October 30, 2013, 04:10:43 PM
 #2138


I'm demanding you not to really believe that i believe that the difficulty will grow 150% at month for months.

So your saying you willingly posted false profit projects?  to what end?



/me:  i unignored you for like 5 minutes... back to ignore.. you have nothing valuable to give here


edit:  forgot my mantra:  I will not feed the trolls, I will not feed the trolls

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ImI
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October 30, 2013, 04:12:44 PM
 #2139

What an interesting point of view...
So HF is free not to show proof that everything was ready but this stupid substrate that had a problem and i can't complain about that because it makes you feel uncomfortable.

Tragicomic.

Man you just dont get it do you?!!!

You arent "just complaining" about HF missing their deadline and the "stupid substrate". That woudnt be any problem at all.

You are constantly pouring bullshit into this thread like your bullshit difficulty estimates  ("we all gonna earn just 4 BTC") or your constant accusations that HF are lying.

And to exceed all of this you havent even the balls to stand up to the bullshit you are proclaiming and instead are starting to whine that this is all so "stressfull" for you.

I got a good advice for you: Just leave!
jjiimm_64
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October 30, 2013, 04:16:56 PM
 #2140

I'm demanding you not to really believe that i believe that the difficulty will grow 150% at month for months.
So your saying you willingly posted false profit projects?  to what end?
They are based on a false preposition, but that's doesn't mean that they are completely wrong. That's what i expect. Following your line of toughs it looks like that these miners could be delayed for months, and yet it doesn't matter because you will magically roi.


if that is what you expect.  then take my bet:  2:1   20btc

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
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