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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875470 times)
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December 04, 2013, 10:56:21 PM
 #3561

Funding R&D and manufacture with pre-order money runs afoul of a slew of consumer laws.  Hashfast is legit & wouldn't do that.

Show me the consumer law that says this. We can sue kickstarter.com for creating a business model completely based on this illegal behavior.

Kickstarter participants are investors, not consumers.  They're funding an enterprise, not pre-ordering goods.
Please familiarize yourself with the topic that you are so eager to rage on.

You're raging, I'm not. I'm just trying to point out how ridiculous you sound, but you're a true believer, so it's might be impossible.

How about companies that accept payment in multiple currencies. When they do a currency exchange and the value wildly fluctuates - then what?

How about you stay on topic, instead of going of on tangents and hypotheticals?
Hashfast has promised to refund its customers in the currency it was paid in.  When said currency became 10x as valuable, they reneged on that promise.  Simple.
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#BEL+++


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December 04, 2013, 10:58:40 PM
 #3562

^^ if the promise this they have to hedge against currency risk of high volatility. simple as that but it needs the amount for the hedge also.
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December 04, 2013, 11:20:04 PM
 #3563

How about you stay on topic, instead of going of on tangents and hypotheticals?
Hashfast has promised to refund its customers in the currency it was paid in.  When said currency became 10x as valuable, they reneged on that promise.  Simple.
Sure thing, if you can handle the discussion without converting to analogy, let's try it.

You said that Hashfast wouldn't have to convert to fiat to pay their manufacturing expenses citing some kind of consumer protection law. Cite the law.


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tacotime
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December 04, 2013, 11:30:54 PM
 #3564

@HashFast - 4 Dec 13 - 2:32PM ET
GN chip bringup - Power consumption: 0.14ua/MHz at 0.77volts at low speeds. That's 0.56W/GH/s. More tests happening now.

These twitter updates are great. Whoever at HF is doing these, thank you.

0.56W/GH/s does not sound very encouraging since they were advertising <0.5W/GH/s underclocked. Not sure at what speed they are testing at but it looks like consumption is +10% of what they were shooting for?

HashFast_CL is doing them, though I have no idea who that is.  I asked them for W/GH/s and I'm glad that they put it up today.  They said they should have details on max clock speed and thermals within the next 24 h

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
minternj
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December 04, 2013, 11:38:17 PM
 #3565

Its not the customers problem what the company does with the btc.

If you live in europe and decide to buy from an american company , do you expect a refund in USD if you paid in euro? No. Too fucking bad. Either way the point is moot if they deliver in the next 27 days. Looks like they are making progress on my overpriced october miner, to be delivered in december.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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December 04, 2013, 11:44:27 PM
 #3566

Its not the customers problem what the company does with the btc.

If you live in europe and decide to buy from an american company , do you expect a refund in USD if you paid in euro? No. Too fucking bad. Either way the point is moot if they deliver in the next 27 days.
Even if they do deliver a couple prototypes before then, to win those few bets hanging around (sounds familiar, doesn't it?)...
Do you really think batch 1 will be fullfilled within the next 27 days?  Roll Eyes

[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
minternj
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December 05, 2013, 12:14:06 AM
 #3567

Its not the customers problem what the company does with the btc.

If you live in europe and decide to buy from an american company , do you expect a refund in USD if you paid in euro? No. Too fucking bad. Either way the point is moot if they deliver in the next 27 days.
Even if they do deliver a couple prototypes before then, to win those few bets hanging around (sounds familiar, doesn't it?)...
Do you really think batch 1 will be fullfilled within the next 27 days?  Roll Eyes

2 weeks ago i would and have said no way its coming this month. Today, odds looking a little better. Going to be rough with Xmas coming. Curious what the mining controller is? Taco can you ask them that?

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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December 05, 2013, 12:40:40 AM
 #3568

Its not the customers problem what the company does with the btc.

If you live in europe and decide to buy from an american company , do you expect a refund in USD if you paid in euro? No. Too fucking bad. Either way the point is moot if they deliver in the next 27 days. Looks like they are making progress on my overpriced october miner, to be delivered in december.
You won't get a refund in USD, but if you pay US$1000 for an item and €800 gets charged to your card don't be surprised when you get €600 back from a refund in a month if the value of the Euro goes up 25%.
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December 05, 2013, 12:44:15 AM
 #3569

I will always remember when due to the euro going lower and a full refund policy i found myself with a few % more after asking for a refund (that was not btc related).

Anyway, what are we discussing? They promised BTC refunds, there is not a lot to argue. They probably won't issue them, they won't have to (i mean, they won't issue the USD refunds they will have to issue after non issuing BTC refunds in the case they don't ship by the end of this month).

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
iCEBREAKER
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WARNING FOR NOOBS: Dash is an Instamined scam coin


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December 05, 2013, 01:03:36 AM
 #3570

ALWAYS BET ON iCE...

Since you like to bet, how about accepting mine?

I have 5 BTC that says HashFast will not ship a working miner containing Golden Nonce chips to even one customer in 2013.  (It has to be physical delivery.  Hosting doesn't count.)

Care to put up 5 BTC of your own against that?

Sounds good to me.  I presume you're OK with using John K for escrow.

Care to make it 10 BTC?   Cool

ALWAYS BET ON iCE...


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Monero
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amer
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December 05, 2013, 01:07:42 AM
 #3571

I will always remember when due to the euro going lower and a full refund policy i found myself with a few % more after asking for a refund (that was not btc related).

Anyway, what are we discussing? They promised BTC refunds, there is not a lot to argue. They probably won't issue them, they won't have to (i mean, they won't issue the USD refunds they will have to issue after non issuing BTC refunds in the case they don't ship by the end of this month).

I guess we're arguing with yet another person who thinks they are pretend-law-expert. I don't even know why Hashfast said they would accept money in BTC. All their bills are in USD. It was just a marketing ploy (much like MPP) and I suppose if you couldn't see through that, people need someone to blame (since blaming yourself for a bad gamble seems to be too much to handle).

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December 05, 2013, 01:20:00 AM
 #3572

You referring to me? I never claimed to be any expert. Another internet tough guy hurling insults. Again its not my problem what they did with my btc. I'm not an investor, their bills are not my problem nor should I be involved with what currency they are paid in. Its documented they said they would refund in btc, i have quoted and referenced the post. Call me stupid for believing the founder of the company, fine. But, what kind of guy does that make you for kicking a guy when he's down?

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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December 05, 2013, 01:22:38 AM
 #3573

Im raging, but you are still insulting me.. classy.

edit- wow. way to delete your post amer. You and I know what post i'm talking about.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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December 05, 2013, 01:26:20 AM
 #3574

If anyone wants Out of their Batch 1 Order check out

http://bitcointalk.org/index.php?topic=357805.0


Thanks

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December 05, 2013, 01:27:47 AM
 #3575

You referring to me? I never claimed to be any expert. Another internet tough guy hurling insults. Again its not my problem what they did with my btc. I'm not an investor, their bills are not my problem nor should I be involved with what currency they are paid in. Its documented they said they would refund in btc, i have quoted and referenced the post. Call me stupid for believing the founder of the company, fine. But, what kind of guy does that make you for kicking a guy when he's down?

I didn't delete my post and I wasn't talking about you..

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December 05, 2013, 01:39:05 AM
 #3576

You referring to me? I never claimed to be any expert. Another internet tough guy hurling insults. Again its not my problem what they did with my btc. I'm not an investor, their bills are not my problem nor should I be involved with what currency they are paid in. Its documented they said they would refund in btc, i have quoted and referenced the post. Call me stupid for believing the founder of the company, fine. But, what kind of guy does that make you for kicking a guy when he's down?

I didn't delete my post and I wasn't talking about you..

they may have chaged the terms of service now, but when we purchased they said if not delivered by dec31, the btc will be returned.  I would not have ordered otherwise. I have an email from them clearly stating this.

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
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December 05, 2013, 01:47:10 AM
 #3577

You referring to me? I never claimed to be any expert. Another internet tough guy hurling insults. Again its not my problem what they did with my btc. I'm not an investor, their bills are not my problem nor should I be involved with what currency they are paid in. Its documented they said they would refund in btc, i have quoted and referenced the post. Call me stupid for believing the founder of the company, fine. But, what kind of guy does that make you for kicking a guy when he's down?

I didn't delete my post and I wasn't talking about you..

they may have chaged the terms of service now, but when we purchased they said if not delivered by dec31, the btc will be returned.  I would not have ordered otherwise. I have an email from them clearly stating this.


You might want to hold onto that email.

Though you can bet they are going to move heaven and earth to get shipping labels in the system for every batch 1 order by midnight honolulu time.

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December 05, 2013, 03:07:45 AM
 #3578

ALWAYS BET ON iCE...

Since you like to bet, how about accepting mine?

I have 5 BTC that says HashFast will not ship a working miner containing Golden Nonce chips to even one customer in 2013.  (It has to be physical delivery.  Hosting doesn't count.)

Care to put up 5 BTC of your own against that?

Sounds good to me.  I presume you're OK with using John K for escrow.

Care to make it 10 BTC?   Cool

ALWAYS BET ON iCE...
Just to clarify in advance - me getting one will NOT count as delivering a working miner to a customer as I'm contracted by them and not a customer.

Primary developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org 1% Fee Solo mining at solo.ckpool.org
-ck
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December 05, 2013, 03:45:07 AM
 #3579

@HashFast - 4 Dec 13 - 2:32PM ET
GN chip bringup - Power consumption: 0.14ua/MHz at 0.77volts at low speeds. That's 0.56W/GH/s. More tests happening now.

These twitter updates are great. Whoever at HF is doing these, thank you.

0.56W/GH/s does not sound very encouraging since they were advertising <0.5W/GH/s underclocked. Not sure at what speed they are testing at but it looks like consumption is +10% of what they were shooting for?

HashFast_CL is doing them, though I have no idea who that is.  I asked them for W/GH/s and I'm glad that they put it up today.  They said they should have details on max clock speed and thermals within the next 24 h

The W/GH/s is preliminary and will change when the chip runs at full speed.

I'm not doing the tweets.  According to Amy, Simon is posting them.  I've let them know they are a very popular improvement over forum updates and blog posts.

According the product page, HashFast is advertising

Quote
Power Consumption at the chip: less than 0.65 W/GH/s +/- 20%
Designed to be underclocked for greater efficiency, and overclocked for greater performance*

so I'm not sure where the " <0.5W/GH/s underclocked" claim came from.

Follow HashFast on Twitter for all the latest exciting updates!

https://twitter.com/HashFast

"Bitcoin enables ordinary people to fight back, to avoid and evade snooping governments, which enact, use and abuse laws that allow them, without due process, to investigate, tax, control and seize privately owned assets."  -   Leon Louw

“We can say without equivocation that firms like MasterCard, Visa and the TBTF banks like JPMorgan and Goldman hate the idea of ever having to compete for business again. They have grown comfortable in their corrupt world of writing laws for themselves without any regulatory oversight. They enjoy the exorbitant privilege of bilking the American economy with extortionary transaction rates. They are scared of Bitcoin. And they should be. It offers transparency, cost efficiency and anonymity.” - Max Kaiser
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December 05, 2013, 04:27:05 AM
 #3580

I'm not sure where the " <0.5W/GH/s underclocked" claim came from.

It came from Simon himself:

Chip Specs
 - 28nm custom ASIC
 - Power Consumption: significantly less than 1.0 W/GH at nominal clock speed
 - Designed to be underclocked for greater efficiency – better than 0.5 W/GH*
 - Designed to be overclocked for greater performance  - better than 500GH/s**

* Real silicon power consumption may vary from simulation results by plus or minus 20%
** May require improved power supplies in the chassis
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