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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875470 times)
jxz
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November 26, 2013, 02:15:11 AM
 #3161

So it looks like HashFast updated their terms of sale today.   Here are the notable changes I saw

New Sections added for new batches:
Section 3

(d)     Guaranteed Product Delivery Dates – Batch 3.  The “Batch 3 Guaranteed Delivery Date” for units of Product from Hashfast’s third production batch is:  March 31, 2014.  The order confirmation sent by Hashfast to Buyer may state an earlier delivery date for that order.  Buyer may cancel the portion of the order that remains undelivered by Hashfast by the Batch 3 Guaranteed Delivery Date (or other delivery date stated in Buyer’s order) at Buyer’s request, and Hashfast will refund the payment for such cancelled units.   This cancellation and refund is Buyer’s sole and exclusive remedy for Hashfast failing to deliver by a specific date.  To avail itself of this remedy, Buyer must cancel the order before such unit(s) are delivered by Hashfast.

(e)     Guaranteed Product Delivery Dates – Batch 4.  The “Batch 4 Guaranteed Delivery Date” for units of Product from Hashfast’s fourth production batch is:  March 31, 2014.  The order confirmation sent by Hashfast to Buyer may state an earlier delivery date for that order.  Buyer may cancel the portion of the order that remains undelivered by Hashfast by the Batch 4 Guaranteed Delivery Date (or other delivery date stated in Buyer’s order) at Buyer’s request, and Hashfast will provide a refund for such cancelled units.  This cancellation and refund is Buyer’s sole and exclusive remedy for Hashfast failing to deliver by a specific date.  To avail itself of this remedy, Buyer must cancel the order before such unit(s) are delivered by Hashfast.


New Section added for refunds:
Section 3

(i)       ALL SALES ARE FINAL.  NO ORDER OR ANY PART THEREOF MAY BE RESCHEDULED OR CANCELLED WITHOUT HASHFAST’ PRIOR WRITTEN CONSENT EXCEPT FOR CANCELLATIONS PERMITTED UNDER THIS SECTION 3.

(j)       REFUNDS.  Any refunds due to Buyer will be made in United States Dollars, and for the purposes of calculating refunds, amounts paid in Bitcoin or other virtual currencies will be deemed paid in United States Dollars at the exchange rate given by Hashfast to its customers on the order date.  Refunds for partial order cancelations or returns will be adjusted for any discounts previously given to Buyer for volume purchases.


Change in arbitration location:
Section 15

Old: (c) THE ARBITRATION WILL BE CONDUCTED IN IN SANTA CLARA COUNTY, CALIFORNIA, U.S.A.
New: (c) THE ARBITRATION WILL BE CONDUCTED IN IN SAN FRANCISCO COUNTY, CALIFORNIA, U.S.A.


This line was removed from section 2.a

If Hashfast incurs exchange rate losses due to Buyer’s failure to pay when payments are due, Hashfast shall be entitled to equivalent compensation from Buyer for such losses.

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November 26, 2013, 02:23:06 AM
 #3162

They are basically saying that they won't deliver by the end of the year imho.

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 26, 2013, 02:24:18 AM
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They are basically saying that they won't deliver by the end of the year imho.

WHAT DID YOU JUST SAY?

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November 26, 2013, 02:26:50 AM
 #3164


(j)       REFUNDS.  Any refunds due to Buyer will be made in United States Dollars, and for the purposes of calculating refunds, amounts paid in Bitcoin or other virtual currencies will be deemed paid in United States Dollars at the exchange rate given by Hashfast to its customers on the order date.  Refunds for partial order cancelations or returns will be adjusted for any discounts previously given to Buyer for volume purchases.


Ah yes, bye bye december 31 delivery date. Hello Jan.

(Not So)Happy New Years!


Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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November 26, 2013, 02:27:43 AM
 #3165

They are basically saying that they won't deliver by the end of the year imho.

WHAT DID YOU JUST SAY?
For what any other reason would you put that term about refunds if you where on schedule?
They won't delivery by the end of the year, and they won't give you BTC refunds, even if they promised so.

And don't call me hater, please. I'm just trying to open some blinded eyes.

(BTW, i think i will ask for a refund when they fail to deliver).
(BTW2, here is your lovely substrate news, it arrived, in form of a ToS upgrade!)

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
jxz
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November 26, 2013, 02:47:05 AM
 #3166

What I found really interesting is they removed the line about the exchange rate for late payments that went in their favor and added the USD only refund when it's in the customers favor.

The old version is still in google cache if anyone wants to save it.
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November 26, 2013, 02:50:59 AM
 #3167

What I found really interesting is they removed the line about the exchange rate for late payments that went in their favor and added the USD only refund when it's in the customers favor.

The old version is still in google cache if anyone wants to save it.

slimy fucks  Cheesy

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November 26, 2013, 02:54:26 AM
 #3168

Here is my personal updated ToS for HF:

Quote
If Buyer incurs mining losses due to Seller’s failure to deliver when deliveries are due, Buyer shall be entitled to equivalent compensation from Seller for such losses.

Stop f*cking your customers HF.

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November 26, 2013, 02:58:02 AM
 #3169

Wow that sucks.  KnC is going to be adding another 3PH to the difficulty most likely before HashFast customers get theirs.
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November 26, 2013, 03:00:53 AM
 #3170

I highly recommend HF customers to make frequent snapshots of the ToS page using archive.org:

Save a snapshot: http://web.archive.org/save/https://hashfast.com/checkout/terms-of-sale/

Browse snapshots: http://web.archive.org/web/20131029014048*/https://hashfast.com/checkout/terms-of-sale/
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November 26, 2013, 03:15:51 AM
 #3171

anybody have a copy of the tos pre October 29th my order was placed back in late August

MT GOX, WE.exchange (WE.Scam), BFL (Brutally Fkn Last), Hashfast (ScamFast), IceDrill (Licedrill),
No wonder the governments don't like Bitcoin with all these parasites
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November 26, 2013, 03:28:30 AM
 #3172


(j)       REFUNDS.  Any refunds due to Buyer will be made in United States Dollars, and for the purposes of calculating refunds, amounts paid in Bitcoin or other virtual currencies will be deemed paid in United States Dollars at the exchange rate given by Hashfast to its customers on the order date.  Refunds for partial order cancelations or returns will be adjusted for any discounts previously given to Buyer for volume purchases.


Ah yes, bye bye december 31 delivery date. Hello Jan.

(Not So)Happy New Years!



I can understand this policy if paid with Bitpay since coins are sold immediately at the exchange rate.  But if the other option of sending BTC directly is used, there is no reason why they shouldn't give back the same amount of coin.  That ventures into legal territory IMO if they hold onto coins and give less back.  It totally rigs the game in their favor.
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November 26, 2013, 03:32:19 AM
 #3173

anybody have a copy of the tos pre October 29th my order was placed back in late August

August 9: http://pastebin.com/EfS9vmRf

side-by-side of Aug & Sept ToS: https://bitcointalk.org/index.php?topic=299193.msg3212178#msg3212178

Related: http://4x.reddit.com/r/BitcoinMining/comments/1r8pkf/just_got_an_update_from_hashfast_on_expected_and/

Edit: For shits & giggles I also did a quick diff on the MPP page:



The only thing they removed is: "We want our customers to succeed."

Edit2: Other changes in the new terms are regarding warranty:

Quote
Hashfast shall have no obligations for breach of warranty if the alleged defect or non-conformance is found to have occurred as a result of operation in an ambient temperature other than 5-22 degrees Celsius (40-72 degrees  Fahrenheit)

Better not mine during summertime!

http://www.diffnow.com/?report=9luib
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November 26, 2013, 04:11:27 AM
 #3174

Quote
Hashfast shall have no obligations for breach of warranty if the alleged defect or non-conformance is found to have occurred as a result of operation in an ambient temperature other than 5-22 degrees Celsius (40-72 degrees  Fahrenheit)

Better not mine during summertime!

Did they just say "warranty void if ambient temp goes over 22c"?

Buy & Hold
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November 26, 2013, 04:13:41 AM
 #3175

Biggest mistake to buy Hashfast products while they change TOS anytime they want, why ship on a deadline? when they can just change the TOS and say we will mine with your hardware and ship after March 31 2014. Why would they ship out MMP? when they can just change the TOS?  


Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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November 26, 2013, 04:34:44 AM
 #3176



they stated originally they would be giving us weekly updates.

I'm curious if they got the substrate that was supposed to come in today and maybe any news on an estimate for a shipment date.

Shoot the messenger all you like.  It won't change these basic facts:

Fact:  HashFast's last "weekly" update was much less than a week ago.

Fact:  You nevertheless whine about lack of updates.

Fact:  You are not entitled to daily updates.

You should get a life, stop being so high maintenance, and give them a chance to finish our hardware.


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frontbit
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November 26, 2013, 04:51:34 AM
 #3177

To my understanding ToS might change but the one applies to buyer is the ToS when buyer made the purchase.

If buyer has to follow the updated ToS, and buyer disagree then in my opinion buyer should have right to get refunds.
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November 26, 2013, 04:58:45 AM
 #3178

The terms of sale are those posted at the date of the sale.  Subsequent changes apply to subsequent purchases.  Point being:  The TOS applicable to your purchase is the TOS at the time of your purchase.

In my case there was one TOS on the website on my day of purchase, and another appended to my order confirmation.  

They can't change the terms of sale after the fact.

Present estimated Hashfast fraud score for 1st batch customers (by Hanlon's Razor):  

Incompetence:  3  |  Malice: 1

Still doesn't mean that they can't make up for it all... if they decide to.

As to the 72 degree ambient temperature bullshit... BWAHH! 


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November 26, 2013, 04:59:01 AM
 #3179

To my understanding ToS might change but the one applies to buyer is the ToS when buyer made the purchase.

If buyer has to follow the updated ToS, and buyer disagree then in my opinion buyer should have right to get refunds.

This is why HF added the following:

Quote
ENTIRE AGREEMENT; SEVERABILITY. These Terms, together with the order confirmation(s) sent from Hashfast to Buyer, are the entire agreement between Buyer and Hashfast with respect to its subject matter and supersedes all prior oral and written understandings, communications, or agreements between Buyer and Hashfast. No agreement is made between Buyer and any Affiliate.  Hashfast may revise, update, or otherwise amend these Terms but posting such amended Terms on its website or otherwise providing such amended Terms (e.g. by email), and such amended Terms will govern Buyer’s purchases if accepted by Buyer in any of the ways specified in Section 1.

I'm not sure when this was added exactly, but for sure it was not present in the original early August ToS.
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November 26, 2013, 05:01:35 AM
 #3180

Quote
Hashfast shall have no obligations for breach of warranty if the alleged defect or non-conformance is found to have occurred as a result of operation in an ambient temperature other than 5-22 degrees Celsius (40-72 degrees  Fahrenheit)
Better not mine during summertime!
Did they just say "warranty void if ambient temp goes over 22c"?

 That is completely unreasonable. Ambient below 72F ? WTF is going on over there at HashFast ?
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