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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875472 times)
itod
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December 14, 2013, 01:15:45 AM
 #4101

itod,

The promised mining speed of 400GH is what HashFast's customers paid for.

Exceeding that advertised minimum by a whopping 100+ GH (25%) is highly relevant to their ROI, regardless of difficulty.

If we only shipped 300GH instead of 400GH, I'm sure HashFast customers would find that anything but "totally irrelevant."

...

Best,

-HF_CL

I was positive you have figured out mining math, but now I'm not sure if this is not the case, or you are just pulling my leg. Let me ask you a question, please answer me this:
Do you think your customers would prefer
a) 300GHs on time (Oct 31st) or
b) 600GHs Dec 31st, two months late?

Which option, a) or b) would make them more money? Please think twice before answering this.

I still don't believe your answer will be wrong to this, you have to be pulling my leg with "GHs are important" nonsense.

Edit:
Let me change 400 to 300 under option a), so GHs unimportance would be more obvious.

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Gyrsur
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December 14, 2013, 01:16:50 AM
 #4102

don't know how many chips they produced for batch 1 but what I would highly appreciate if they send out the upgrade kit with the batch 1 devices if possible (depends on the amount of chips). so then every batch 1 customer has 1TH/s from the beginning.  
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December 14, 2013, 01:19:25 AM
 #4103

don't know how many chips they produced for batch 1 but what I would appreciate if they send out the upgrade kit with the batch 1 devices if possible (depends on the amount of chips). so then every batch 1 customer has 1TH/s from the beginning.  

afaik the upgrade-kit was schedueled to arrive at december 1st. so the needed chips could meanwhile be there.

i'd like to hear an answer to this from hashfastCL
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December 14, 2013, 01:20:27 AM
 #4104

Sorry to burst your bubble, but it ain't happening.

don't know how many chips they produced for batch 1 but what I would highly appreciate if they send out the upgrade kit with the batch 1 devices if possible (depends on the amount of chips). so then every batch 1 customer has 1TH/s from the beginning.  



As a Batch One customer, I fully understand the anxiety and frustration of watching my BTC ROI dwindle as difficulty rises.

Of course ROI in fiat is an entirely different story and a source of much consolation.   Tongue

500GH per second is an engineering fact, not "marketing" BS.

Another engineering fact is that only a finite and very limited number of Batch One chips exist.

HashFast cannot use magic or wishes to create more, so shipping extra capacity is impossible until more chips are ready.

MPP chips have already been paid for and are being fabricated.  

Once our production line is complete, meaningful estimates for MPP shipping dates may be anticipated.  


While it has been a long process, we are nearing the end of the beginning!

Best,

-HF_CL


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Gyrsur
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December 14, 2013, 01:23:08 AM
 #4105

Sorry to burst your bubble, but it ain't happening.

don't know how many chips they produced for batch 1 but what I would highly appreciate if they send out the upgrade kit with the batch 1 devices if possible (depends on the amount of chips). so then every batch 1 customer has 1TH/s from the beginning.  



As a Batch One customer, I fully understand the anxiety and frustration of watching my BTC ROI dwindle as difficulty rises.

Of course ROI in fiat is an entirely different story and a source of much consolation.   Tongue

500GH per second is an engineering fact, not "marketing" BS.

Another engineering fact is that only a finite and very limited number of Batch One chips exist.

HashFast cannot use magic or wishes to create more, so shipping extra capacity is impossible until more chips are ready.

MPP chips have already been paid for and are being fabricated.  

Once our production line is complete, meaningful estimates for MPP shipping dates may be anticipated.  


While it has been a long process, we are nearing the end of the beginning!

Best,

-HF_CL

i did read it, didn't it. but it says nothing about the real amount of chips they produced.

EDIT: I mean the upgrade kit (x2) not the MPP (x4).
HashFast_CL
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December 14, 2013, 01:24:55 AM
 #4106

If I sell you equipment that makes bitcoins using 500GH/s and offer to ship it (per our plan) in October if you pay a very high premium. Then fail to send it within that time frame....

What you get is a machine that produces less product (bitcoins) as the days roll forward. Every 11 days, the machine losses a percentage of it's productive capacity.

If in the time from October till December the machine lost -90% of it's productive capacity....then a representative being "happy" to announce a +25% increase in efficiency makes no literal sense.

Why would someone be happy about a meager increase in efficiency if by the time it ships it will be completely negated by rising difficulty when it gets into it's customers hands? The machine might not even pay itself off due to decreasing efficiency at producing bitcoins.

HashFast still anticipates shipping Batch One before the Dec 31 deadline. 

If we fail to ship within the advertised Oct-Dec time frame, refunds will be issued.

All Batch One orders come with the Miner Protection Plan, providing up to 400% more hashpower than initially purchased.

This MPP has been upgraded twice, free of charge.

The first upgrade changed the raw chips into complete miniboards.

The second upgrade started the MPP countdown on Oct 31, instead of the shipping date.

And now, HashFast is giving its customers an extra 25% initial hashing power beyond the advertised spec.

Those are three significant factors giving HashFast customers a good chance to keep up with the rising difficulty (which is beyond our control).

"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
itod
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December 14, 2013, 01:29:35 AM
 #4107

If we fail to ship within the advertised Oct-Dec time frame, refunds will be issued.

While we have the rare privilege to communicate with someone from HF, let me ask you a crucial question: Would BTC refunds be the full BTC amount payed, or less based on some US$ calculation?

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HashFast_CL
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December 14, 2013, 01:45:08 AM
 #4108

thanks for that! but it do not convince me to get back my invested Bitcoin amount. sorry to say that.

I would never in a million years try to convince you about anything amounting to investment advice.  

How you choose to invest, speculate, and/or gamble is entirely your own decision and responsibility.  DYODD.

If somebody promises you 'a sure thing' or 'a can't-lose proposition' or a 'guaranteed moneymaker' grab your wallet and run because it's a scam!

Bitcoin mining is extremely risky because it depends on crazy volatile factors like global hashrate/difficulty, fiat/BTC exchange rates, and engineering/manufacturing ultra-precise nanotechnology supported by long supply chains of obscure parts and inscrutable RTL/ASM/C code.

If you would like to help decentralize and protect the network, while possibly profiting in BTC or fiat, HashFast can help you do that by selling you the fastest ASICs in the world.

500 Gigahashes per second.  On a single chip.  With room to overclock.   Cool

"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 14, 2013, 01:48:12 AM
 #4109

thanks for that! but it do not convince me to get back my invested Bitcoin amount. sorry to say that.

I would never in a million years try to convince you about anything amounting to investment advice.  

How you choose to invest, speculate, and/or gamble is entirely your own decision and responsibility.  DYODD.

If somebody promises you 'a sure thing' or 'a can't-lose proposition' or a 'guaranteed moneymaker' grab your wallet and run because it's a scam!

Bitcoin mining is extremely risky because it depends on crazy volatile factors like global hashrate/difficulty, fiat/BTC exchange rates, and engineering/manufacturing ultra-precise nanotechnology supported by long supply chains of obscure parts and inscrutable RTL/ASM/C code.

If you would like to help decentralize and protect the network, while possibly profiting in BTC or fiat, HashFast can help you do that by selling you the fastest ASICs in the world.

500 Gigahashes per second.  On a single chip.  With room to overclock.   Cool

eh, you are no KNC.....
HashFast_CL
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December 14, 2013, 02:03:32 AM
 #4110

eh, you are no KNC.....

 Cool  That's true...

HashFast's chips are about 3 times more powerful when compared on a GH per sq.mm basis.

HashFast is shipping with top-shelf quality Sea Sonic PSUs, so our customers won't have to put up with exploding/self-immolating units like KNC's did.

In addition, HashFast lined up an exclusive with CIARA, which means HashFast machines will be assembled and shipped with utmost expediency (no random guys helping load some random van), in professional/durable packaging.

That means double-walled boxes, so HashFast customers' hardware won't arrive broken like so much of KNC's did.

Finally, (again unlike KNC) HashFast has been working closely with ckolivas for a long time to ensure cgminer works flawlessly with our innovative new GN Protocol, Global Work Queue, etc.

"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 14, 2013, 02:05:01 AM
 #4111

eh, you are no KNC.....

 Cool  That's true...

HashFast's chips are about 3 times more powerful when compared on a GH per sq.mm basis.

HashFast is shipping with top-shelf quality Sea Sonic PSUs, so our customers won't have to put up with exploding/self-immolating units like KNC's did.

In addition, HashFast lined up an exclusive with CIARA, which means HashFast machines will be assembled and shipped with utmost expediency (no random guys helping load some random van), in professional/durable packaging.

That means double-walled boxes, so HashFast customers' hardware won't arrive broken like so much of KNC's did.

Finally, (again unlike KNC) HashFast has been working closely with ckolivas for a long time to ensure cgminer works flawlessly with our innovative new GN Protocol, Global Work Queue, etc.

all that doesnt matter since you guys are 2 (almost 3) months late. Good job.
WastedLTC
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December 14, 2013, 02:08:39 AM
 #4112

eh, you are no KNC.....

 Cool  That's true...

HashFast's chips are about 3 times more powerful when compared on a GH per sq.mm basis.

HashFast is shipping with top-shelf quality Sea Sonic PSUs, so our customers won't have to put up with exploding/self-immolating units like KNC's did.

In addition, HashFast lined up an exclusive with CIARA, which means HashFast machines will be assembled and shipped with utmost expediency (no random guys helping load some random van), in professional/durable packaging.

That means double-walled boxes, so HashFast customers' hardware won't arrive broken like so much of KNC's did.

Finally, (again unlike KNC) HashFast has been working closely with ckolivas for a long time to ensure cgminer works flawlessly with our innovative new GN Protocol, Global Work Queue, etc.

all that doesnt matter since you guys are 2 months late.

It also doesn't matter since they don't have any units in the wild and all these problems (or more) may show up for HF.     

Good luck to everyone waiting... 
ASIC-K
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December 14, 2013, 02:11:28 AM
 #4113

eh, you are no KNC.....

 Cool  That's true...

HashFast's chips are about 3 times more powerful when compared on a GH per sq.mm basis.

HashFast is shipping with top-shelf quality Sea Sonic PSUs, so our customers won't have to put up with exploding/self-immolating units like KNC's did.

In addition, HashFast lined up an exclusive with CIARA, which means HashFast machines will be assembled and shipped with utmost expediency (no random guys helping load some random van), in professional/durable packaging.

That means double-walled boxes, so HashFast customers' hardware won't arrive broken like so much of KNC's did.

Finally, (again unlike KNC) HashFast has been working closely with ckolivas for a long time to ensure cgminer works flawlessly with our innovative new GN Protocol, Global Work Queue, etc.

all that doesnt matter since you guys are 2 months late.

It also doesn't matter since they don't have any units in the wild and all these problems (or more) may show up for HF.     

Good luck to everyone waiting... 

+1 all talk.... cant wait to see all the unexpected problems arise.
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December 14, 2013, 02:14:02 AM
 #4114

eh, you are no KNC.....

 Cool  That's true...

HashFast's chips are about 3 times more powerful when compared on a GH per sq.mm basis.

HashFast is shipping with top-shelf quality Sea Sonic PSUs, so our customers won't have to put up with exploding/self-immolating units like KNC's did.

In addition, HashFast lined up an exclusive with CIARA, which means HashFast machines will be assembled and shipped with utmost expediency (no random guys helping load some random van), in professional/durable packaging.

That means double-walled boxes, so HashFast customers' hardware won't arrive broken like so much of KNC's did.

Finally, (again unlike KNC) HashFast has been working closely with ckolivas for a long time to ensure cgminer works flawlessly with our innovative new GN Protocol, Global Work Queue, etc.

all that doesnt matter since you guys are 2 months late.

 Huh  "2 months" ago was Oct 13.  Where did you get the idea Oct 13 was our shipping deadline?  

The earliest possible ship date wasn't until about a week after that.   Huh

The actual deadline is Dec 31 and we still anticipate shipping Batch 1 before then.  Otherwise refunds will be issued.

If you think exploding PSUs, inadequate packaging, shipping damage, and half-baked drivers don't matter to customers you should check out the KnC thread, where there are dozens of pages devoted to those problems.

HashFast has taken great care to ensure their customers won't be bothered by those issues.

Best,

-HF_CL

"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 14, 2013, 02:16:47 AM
 #4115

i dont recall so much litigation talk in the knc thread....

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December 14, 2013, 02:18:07 AM
 #4116

eh, you are no KNC.....

 Cool  That's true...

HashFast's chips are about 3 times more powerful when compared on a GH per sq.mm basis.

HashFast is shipping with top-shelf quality Sea Sonic PSUs, so our customers won't have to put up with exploding/self-immolating units like KNC's did.

In addition, HashFast lined up an exclusive with CIARA, which means HashFast machines will be assembled and shipped with utmost expediency (no random guys helping load some random van), in professional/durable packaging.

That means double-walled boxes, so HashFast customers' hardware won't arrive broken like so much of KNC's did.

Finally, (again unlike KNC) HashFast has been working closely with ckolivas for a long time to ensure cgminer works flawlessly with our innovative new GN Protocol, Global Work Queue, etc.

After 70 days mining every one of my batch #1 Jupiters have mined aprox. 50 BTC each - let's see how many BTC will your batch #1 units mine in their first 70 days of life.

That (BTC MINED/DAY) is the only thing that matters right now. Power costs are so ridiculously marginal at this stage that bragging about efficiency is just ludicrous.

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December 14, 2013, 02:22:54 AM
 #4117

If we fail to ship within the advertised Oct-Dec time frame, refunds will be issued.

While we have the rare privilege to communicate with someone from HF, let me ask you a crucial question: Would BTC refunds be the full BTC amount payed, or less based on some US$ calculation?

I think you missed this HashFast_CL.

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
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December 14, 2013, 02:23:43 AM
 #4118

dont bother, they ignore all the important questions...
WastedLTC
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December 14, 2013, 02:24:17 AM
 #4119


 Huh  "2 months" ago was Oct 13.  Where did you get the idea Oct 13 was our shipping deadline?  

The earliest possible ship date wasn't until about a week after that.   Huh

The actual deadline is Dec 31 and we still anticipate shipping Batch 1 before then.  Otherwise refunds will be issued.

If you think exploding PSUs, inadequate packaging, shipping damage, and half-baked drivers don't matter to customers you should check out the KnC thread, where there are dozens of pages devoted to those problems.

HashFast has taken great care to ensure their customers won't be bothered by those issues.

Best,

-HF_CL

This reply was so unnecessary.  You should learn something from KNC and just keep quiet.  Starting to sound like you are 16.
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December 14, 2013, 02:27:19 AM
 #4120

If we fail to ship within the advertised Oct-Dec time frame, refunds will be issued.

While we have the rare privilege to communicate with someone from HF, let me ask you a crucial question: Would BTC refunds be the full BTC amount payed, or less based on some US$ calculation?

I think you missed this HashFast_CL.

he want to miss that. I deleted my post after this question because it was more important to get an answer about this. but he prefered to reply to my post instead of the real important question.
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