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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 865319 times)
Flying Hellfish
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November 10, 2013, 01:30:50 PM
 #2721

Every early august customer should demand HF a full refund. They have no reason not to. They keep promising that the refund will be BTC, right? We will see how fake that was.

They still aren't getting back to me on this issue.

Here is a red flag.

Just because they claim in their ToS that refunds can't happen until Dec 13st 2013 doesnt mean they dont have to refund a customer by law (at least in the U.S.) if indeed a customer makes a refund request..



And as we have seen abundantly with BFL if the company sticks to its policy of not providing refunds when requested (legal or not) it will be up to the investomer to force the issue.  With HF only accepting BTC and wire xfer, you really only have one option to force them, court.  The logistics and costs associated with this make for a "high barrier of entry" for lack of a better term.
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November 10, 2013, 07:27:43 PM
 #2722

Every early august customer should demand HF a full refund. They have no reason not to. They keep promising that the refund will be BTC, right? We will see how fake that was.

They still aren't getting back to me on this issue.

Here is a red flag.

Just because they claim in their ToS that refunds can't happen until Dec 13st 2013 doesnt mean they dont have to refund a customer by law (at least in the U.S.) if indeed a customer makes a refund request..



And as we have seen abundantly with BFL if the company sticks to its policy of not providing refunds when requested (legal or not) it will be up to the investomer to force the issue.  With HF only accepting BTC and wire xfer, you really only have one option to force them, court.  The logistics and costs associated with this make for a "high barrier of entry" for lack of a better term.
TOS states "The arbitration shall be administered by the American Arbitration Association (AAA) or JAMS (or a substitute forum if both are unavailable)."
www.adr.org  The filing costs compared to cost of units especially if you bought more then one aren't high.
Paladin69
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November 10, 2013, 08:36:05 PM
 #2723

Hopefully people keep pushing for refunds.  These Baby Fap's won't be worth crap after KnC finishes out shipping their November orders.  At least another 2PH will be added by them alone.  The mid-December ship date sounds flakey and not confident at best.
DeathAndTaxes
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November 10, 2013, 08:44:31 PM
 #2724

I PMed HashFast about MPP "formula" and delivery timeline.
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November 10, 2013, 08:54:29 PM
 #2725

I PMed HashFast about MPP "formula" and delivery timeline.

I'm quite sure they will have their hands full trying to deliver batch 1, batch 2, and batch 3 before they can even begin thinking about MPP.  If they deliver MPP up front right away, that sucks for Batch 2 and sucks even worse for Batch 3.

Honestly anyone that comes out after KnC now is so screwed.  It sucks even harder for Cointerra and the Monarch's.

Major refunds and price drops need to happen or December/January/Feb is going to be a bloodbath.
ninjarobot
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November 10, 2013, 10:03:41 PM
 #2726

FYI: I just filed a request with HashFast support for a full refund in BTC for my Aug 9 BabyJet order.
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November 10, 2013, 10:20:28 PM
 #2727

FYI: I just filed a request with HashFast support for a full refund in BTC for my Aug 9 BabyJet order.

Let us know what happens next . Where did you put the popcorn?

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
perezoso
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November 11, 2013, 12:44:13 AM
 #2728

FYI: I just filed a request with HashFast support for a full refund in BTC for my Aug 9 BabyJet order.

Let us know what happens next . Where did you put the popcorn?

Not interested in a refund myself yet, but interested in the response.
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November 11, 2013, 06:10:15 PM
 #2729

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06  Undecided



.
.BITVEST DICE.
HAS BEEN RELEASED!


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Rainbot
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cedivad
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November 11, 2013, 06:12:10 PM
 #2730

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.
Now that's worth $76,227.06  Undecided
+1
Damned bitcoins! Why don't you lose your value?

me too....  4 @ 210btc......   my current projection with the mpp is I will get about 160btc back by may if they ship me 4 units dec15 and give me 400% after feb1st
It all depends on when/if we receive our units (expecially the mpp) in time.

Anyway my initial projection when they announced the delay was 10-20% of the btc back. Now, if they ship the mpp in time, it could be as "good" as 50%+.

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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November 11, 2013, 06:12:21 PM
 #2731

More and more I am regretting spending 236.73 BTC on purchasing 5 Hashfast units.

Now that's worth $76,227.06  Undecided


me too....  4 @ 210btc......   my current projection with the mpp is I will get about 160btc back by may if they ship me 4 units dec15 and give me 400% after feb1st


1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
minternj
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November 11, 2013, 09:01:36 PM
 #2732

They've cost us all at least $10,000 plus all the lost revenue we don't mine with that hash every day. Fucked, in one word. Crude as it might be,  that's the perfect word. Fucked.

If they want to make it right they really need to just ship us the MPP modules with our equipment since its already guaranteed we will not make roi on BTC as promised. But, judging by what they have posted so far I don't see that happening. They are just going to hide behind the dec 31st date for refunds.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
Bargraphics
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November 11, 2013, 09:08:06 PM
 #2733

Mid-December seems to be just asking for Holiday delays/trouble. Hopefully CIARA works through Christmas.
AussieHash
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November 11, 2013, 09:39:53 PM
 #2734

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06  Undecided


It's a deflationary currency by design.  It used to cost 10,000BTC for a pizza and 11,000BTC for a minirig preorder

The only way to beat deflation is to buy with fiat the same number of BTC as you spend on your preorder.  I did this for my trezors, as i did not want to be paying "the price of a car" for each.
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November 11, 2013, 09:44:43 PM
 #2735

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06  Undecided


It's a deflationary currency by design.  It used to cost 10,000BTC for a pizza and 11,000BTC for a minirig preorder

The only way to beat deflation is to buy with fiat the same number of BTC as you spend on your preorder.  I did this for my trezors, as i did not want to be paying "the price of a car" for each.

This lesson I apparently did not learn when even when waiting a year for BFL to give me asics I paid hundreds of btc each for....

school of hard knocks....  knock hard!!

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
minternj
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November 11, 2013, 09:46:55 PM
 #2736

We know that aussiehash. I'm sure many people did their own risk assessments. We were supposed to get our equipment last month. I counted on it being late maybe 1 month? But 2 months is a lot in the mining world.

The reason I'm truly mad is because its obvious they knew a long time ago they were not going to hit the deadline.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
DPoS
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November 11, 2013, 11:01:09 PM
 #2737

We know that aussiehash. I'm sure many people did their own risk assessments. We were supposed to get our equipment last month. I counted on it being late maybe 1 month? But 2 months is a lot in the mining world.

The reason I'm truly mad is because its obvious they knew a long time ago they were not going to hit the deadline.

I think everyone should spend a few of their teenage years on the streets to develop their sketchmeter.   No one will every save you from sketchy bastards except your own gut.

KNC and Bitfury were the only ones that really passed the 'good intentions' test.  Even Avalon seemed they just wanted to beat BFL to the punch and then stop caring




~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
Paladin69
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November 11, 2013, 11:37:17 PM
 #2738

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06  Undecided


It's a deflationary currency by design.  It used to cost 10,000BTC for a pizza and 11,000BTC for a minirig preorder

The only way to beat deflation is to buy with fiat the same number of BTC as you spend on your preorder.  I did this for my trezors, as i did not want to be paying "the price of a car" for each.

You're paying twice.  How about just keep your BTC and buy another 236 BTC instead?
perezoso
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November 12, 2013, 12:54:07 AM
 #2739

If they want to make it right they really need to just ship us the MPP modules with our equipment since its already guaranteed we will not make roi on BTC as promised. But, judging by what they have posted so far I don't see that happening. They are just going to hide behind the dec 31st date for refunds.

What I wonder is if they have a chip yield higher than the number sold (the waiting list machines can bump to batch two), plus they have a certain number of people demanding a refund (especially very early buyers) ... would it be possible to strike a balance enabling the batch 1 machines to ship with more hashpower?  

Of course, as soon as people heard refunds were flowing, a large proportion would rush to refund...

At the same time, if people heard the machines were going to ship with 800 gh/s, plus MPP boards later, fewer might want to refund ...  Undecided
minternj
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November 12, 2013, 01:00:16 AM
 #2740

I'm not very optimistic about them having extra chips in the first run since they have said the first run was a engineering run. I was just being extremely wishful. Lets hope they put in the 2nd and 3rd wafer run orders in. Or else we will be waiting some time for MPP chips because of the new years(Chinese).

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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