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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875134 times)
perezoso
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December 09, 2013, 06:27:29 PM
 #3761

Seems almost certain that all this talk about refunds is moot.  Hashfast will almost certainly ship the batch 1 machines out before December 31st.  

The real question is what they are going to to make their 1st batch customers whole - when it appears that 400% more hashrate, even if shipped on 31 January, won't ROI.  

A preemptive STFU to the idiots out there who are about to reply "all they committed to was 400%, can't you read the MPP?"

We know what the context of the MPP was and we have many statements from HF about the MPP and some that raise serious questions about their honesty about being "on track" for October.

Under the circumstances, HF is going to have to do more than what the letter of the MPP arguably states (note: arguably).  Or else they get a motivated batch of really pissed off people after their hides.

I think, hope that they will come up with an adequate solution to the situation such that Batch 1 investors at least recoup their investment in BTC terms.

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December 09, 2013, 06:33:45 PM
 #3762

All i'm saying is the light at the end of the tunnel, and the total delay time was 1.5months-2months. They're pressed to ship this month due to their TOS.

Though it sucks, the reality that pre-ordering asics is one of the only ways to stay in the mining game. The reality with that also is chance of delay, the company not delivering at all, or of course an outright scam.

While waiting for my 2 BFL single pre-orders, we were in a similar situation as now. Price was skyrocketing, except then difficulty was low. Under 100 mil. Yes there is the "I could have made so much $" But it's a roll of the dice with ASIC companies.

New video by HashFast:

https://www.youtube.com/watch?v=5rl6L8nt3Hc&feature=youtu.be


Not sure why they would post a video of the assembly failing, knocks a capacitor over.

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RHA
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December 09, 2013, 07:02:50 PM
 #3763

Not sure why they would post a video of the assembly failing, knocks a capacitor over.
The reasons may be different:
a) To explain why it is still not hashing.
b) It was posted by a mistake (it was not the best one)..
c) It was the best of all made (only two capacitors misplaced), yet they promised a video.
...
amer
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December 09, 2013, 07:05:34 PM
 #3764

You're needlessly complicating this.  If refunds in BTC were impossible or even improbable -- for any reason -- such refunds should not have been offered.  Making impossible promises has a name: it's called lying.
This is trivial stuff.

Until a refund is issued, it's unclear what HF will actually do. Maybe BTC will drop to $100 in 3 weeks and then they'll repay everyone in BTC and we can all feel stupid about wasting 30 pages of this post on it.

I think the only point being made is that there is no legal requirement to refund in BTC, only a reputation one. Regardless they're breaking trust, not the law.

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December 09, 2013, 07:52:36 PM
 #3765

You're needlessly complicating this.  If refunds in BTC were impossible or even improbable -- for any reason -- such refunds should not have been offered.  Making impossible promises has a name: it's called lying.
This is trivial stuff.

Until a refund is issued, it's unclear what HF will actually do. Maybe BTC will drop to $100 in 3 weeks and then they'll repay everyone in BTC and we can all feel stupid about wasting 30 pages of this post on it.

I think the only point being made is that there is no legal requirement to refund in BTC, only a reputation one. Regardless they're breaking trust, not the law.

No legal requirement to refund in BTC?? WTF are you talking about? Call the Attorney General office and you'll soon learn that if they took money in X currency from you, well, that's the same exact currency they are obliged to refund. It's even stupid to think they have any options other than that.
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December 09, 2013, 07:53:32 PM
 #3766

How exactly lying to a customer is not a crime?

Anyway, 2 days without updates.

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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December 09, 2013, 07:53:42 PM
 #3767

You're needlessly complicating this.  If refunds in BTC were impossible or even improbable -- for any reason -- such refunds should not have been offered.  Making impossible promises has a name: it's called lying.
This is trivial stuff.

Until a refund is issued, it's unclear what HF will actually do. Maybe BTC will drop to $100 in 3 weeks and then they'll repay everyone in BTC and we can all feel stupid about wasting 30 pages of this post on it.

I think the only point being made is that there is no legal requirement to refund in BTC, only a reputation one. Regardless they're breaking trust, not the law.

No legal requirement to refund in BTC?? WTF are you talking about? Call the Attorney General office and you'll soon learn that if they took money in X currency from you, well, that's the same exact currency they are obliged to refund. It's even stupid to think they have any options other than that.

Is BTC considered a currency in USA yet?

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amer
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December 09, 2013, 07:58:35 PM
 #3768

No legal requirement to refund in BTC?? WTF are you talking about? Call the Attorney General office and you'll soon learn that if they took money in X currency from you, well, that's the same exact currency they are obliged to refund. It's even stupid to think they have any options other than that.

Go ahead. Call your state AG and get their take. But please don't get mad at the other people on this forum because you are wrong, we didn't design the law.

How exactly lying to a customer is not a crime?

Anyway, 2 days without updates.
Lying (by itself) is not a criminal offense. It's just shitty. There are a bunch of laws related to consumer protection which involve lying, and those are civil offenses which have legal recourse that needs to be weighed against the cost of pursuing, but so far no one in this thread has come up with any of those "real" laws that would being broken if HashFast is forced to refund people.

There is a lot of discussion based on how people believe the law "should" protect people, but even in the litigious USA, no one has identified the specific law being broken by HashFast IF they have to refund people in USD instead of BTC.

Edit: clarification.

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xstr8guy
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December 09, 2013, 07:59:39 PM
 #3769

Forgive my ignorance, I don't have an order with HashFast and don't really keep up with this thread.  Just wanted to know if the first batch Sierras are supposed to ship by December 31st or is it just the BabyJets?
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December 09, 2013, 08:04:35 PM
 #3770

First batch Sierra are exactly the same of BJ, it only changes the case. My sierra where supposed to ship 20 of October, 2013.

(twitter HF... write something... anything...)

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
xstr8guy
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December 09, 2013, 08:13:24 PM
 #3771

First batch Sierra are exactly the same of BJ, it only changes the case. My sierra where supposed to ship 20 of October, 2013.

(twitter HF... write something... anything...)

So the first batch Sierras were 400GH not 1.2TH?
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December 09, 2013, 08:18:20 PM
 #3772

First batch Sierra are exactly the same of BJ, it only changes the case. My sierra where supposed to ship 20 of October, 2013.

(twitter HF... write something... anything...)

So the first batch Sierras were 400GH not 1.2TH?

no that is not what he is saying

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December 09, 2013, 08:18:24 PM
 #3773

First batch Sierra are exactly the same of BJ, it only changes the case. My sierra where supposed to ship 20 of October, 2013.

(twitter HF... write something... anything...)

So the first batch Sierras were 400GH not 1.2TH?
No, since that i had more than one BJ i converted them to sierras.
It's just another case...

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
amer
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December 09, 2013, 08:22:34 PM
 #3774

First batch Sierra are exactly the same of BJ, it only changes the case. My sierra where supposed to ship 20 of October, 2013.

(twitter HF... write something... anything...)

So the first batch Sierras were 400GH not 1.2TH?

Each GN board is a 400GH board. A Sierra has 3, a BabyJet has 1. I think he means that the promises are the same (they are all Batch 1), not the physical machines.

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December 09, 2013, 08:27:47 PM
 #3775

...
There is a lot of discussion based on how people believe the law "should" protect people, but even in the litigious USA, no one has identified the specific law being broken by HashFast IF they have to refund people in USD instead of BTC.
...

The "real" law is simple breach of contract.  A promise has been made that refunds will be in the currency of the original transaction.  This promise is not being honored.  Not sure of the exact chapter and verse -- not a lawyer, but i'm sure someone on the legal subforum would be able to help.  
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December 09, 2013, 08:28:25 PM
 #3776

There were no Sierras in batch 1.
https://hashfast.com/order-chain/
xstr8guy
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December 09, 2013, 08:30:09 PM
 #3777

First batch Sierra are exactly the same of BJ, it only changes the case. My sierra where supposed to ship 20 of October, 2013.

(twitter HF... write something... anything...)

So the first batch Sierras were 400GH not 1.2TH?

Each GN board is a 400GH board. A Sierra has 3, a BabyJet has 1. I think he means that the promises are the same (they are all Batch 1), not the physical machines.

Thanks for the explanation!  How else was I supposed to take "exactly the same except case"?  But you've cleared it up for me.
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December 09, 2013, 08:32:50 PM
 #3778

There were no Sierras in batch 1.
https://hashfast.com/order-chain/
Just ask josh to change the case of your batch 1 BJ to sierra and he will do so... As long as you have more than 3, i guess.

Twitt something hf... this waiting is worse than the last 2 weeks. Have you burned everything?

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
xstr8guy
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December 09, 2013, 08:33:44 PM
 #3779

There were no Sierras in batch 1.
https://hashfast.com/order-chain/

Ah ok, that's really what I was asking.  So only first batch BabyJets will be delivered by Dec 31st, correct?  And the first delivery of Sierras is scheduled for when?
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December 09, 2013, 09:23:19 PM
 #3780

do they have serious issues?
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