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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 865592 times)
cedivad
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December 14, 2013, 01:09:36 PM
 #4181

I don't know, but this is how i see it:
If a company screws it's customers and then closes shop, customers can go against what the company owns. The company can't give what he owns away to it's shareholders, because the shareholders are part of the company and are part of the people that have to pay for the company screwing customers.

I mean, you can't stole the candies and then says that you can't get the candies back because i you to give them to the people who sent you to stole candies.

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 14, 2013, 01:34:03 PM
 #4182

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).


Hasfast_CL id like to point out Hashast's TOS clearly states Failure to deliver by the 31st not ship.

[/quote] 3.       DELIVERY AND QUANTITIES.

(a)     Guaranteed Baby Jet Delivery Dates – Batch 1.  All of the 550 Baby Jet units from Hashfast’s first production batch are guaranteed for delivery by December 31, 2013.  If Buyer ordered one or more units of such Baby Jets, and Hashfast does not deliver such units by that date, then Buyer may cancel the undelivered portion of the order at Buyer’s request and Hashfast will provide a refund for the units that Buyer purchased but did not receive and cancelled.  This cancellation and refund is Buyer’s sole and exclusive remedy for Hashfast failing to deliver by the December 31, 2013 guaranteed delivery date.  To avail itself of this remedy, Buyer must cancel the order before such unit(s) are delivered by Hashfast, and in any case before March 31, 2014.[/quote]

Thats from the current Tos, but its the same in the older ones as well.
So please pass on to John and Eddie if they haven't posted my rig by the 19th express shipping to Aus i wont get it before January 2014


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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December 14, 2013, 01:39:02 PM
 #4183

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).


Hasfast_CL id like to point out Hashast's TOS clearly states Failure to deliver by the 31st not ship.

3.       DELIVERY AND QUANTITIES.

(a)     Guaranteed Baby Jet Delivery Dates – Batch 1.  All of the 550 Baby Jet units from Hashfast’s first production batch are guaranteed for delivery by December 31, 2013.  If Buyer ordered one or more units of such Baby Jets, and Hashfast does not deliver such units by that date, then Buyer may cancel the undelivered portion of the order at Buyer’s request and Hashfast will provide a refund for the units that Buyer purchased but did not receive and cancelled.  This cancellation and refund is Buyer’s sole and exclusive remedy for Hashfast failing to deliver by the December 31, 2013 guaranteed delivery date.  To avail itself of this remedy, Buyer must cancel the order before such unit(s) are delivered by Hashfast, and in any case before March 31, 2014.[/quote]

Thats from the current Tos, but its the same in the older ones as well.
So please pass on to John and Eddie if they haven't posted my rig by the 19th express shipping to Aus i wont get it before January 2014


[/quote]

Then you are in a better position then most of us.. because since the TOS clearly states that it must be delivered by dec31, then you will be able to  request a refund on Jan 1st.  AND  IF you paid btc directly to HF's wallet, then you will be able to get your btc back.

question is, if they come to your door with the equipment on Jan 2nd, will you accept delivery?


1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
cedivad
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December 14, 2013, 01:51:57 PM
 #4184

99.999% that they will deliver by the end of the year. We should have had our address changed to Antarctica to hope that DHL couldn't reach us in time.

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
starsoccer9
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December 14, 2013, 02:48:57 PM
 #4185

99.999% that they will deliver by the end of the year. We should have had our address changed to Antarctica to hope that DHL couldn't reach us in time.

hehe tho, personally assuming you dont sue you are better off just getting the unit and mining. if you just get the refund it will only be 5-6coins vs mining you will make more in the first month

Bogart
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December 14, 2013, 03:39:41 PM
 #4186

So HashFast wants to market themselves as having "HALF A TERRAHASH/s (500GH/s) on a single chip."

Ahahahaha.  :facepalm:  That's been on their front page for how long now?

Spellcheck, anyone?

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
VolanicEruptor
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December 14, 2013, 03:44:40 PM
 #4187

So HashFast wants to market themselves as having "HALF A TERRAHASH/s (500GH/s) on a single chip."

Ahahahaha.  :facepalm:  That's been on their front page for how long now?

Spellcheck, anyone?

I keep reading it and cannot see the error

Kouye
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December 14, 2013, 03:46:24 PM
 #4188

So HashFast wants to market themselves as having "HALF A TERRAHASH/s (500GH/s) on a single chip."

Ahahahaha.  :facepalm:  That's been on their front page for how long now?

Spellcheck, anyone?

I keep reading it and cannot see the error

http://en.wikipedia.org/wiki/Tera-

[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.
cedivad
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December 14, 2013, 03:48:10 PM
 #4189

They must have been influenced by the competition, the Terraminer.
(i thought that it was wanted when i read it)

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
jspielberg
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December 14, 2013, 03:50:05 PM
 #4190

Some are saying that if you ordered later with the direct wallet (not the bitpay ordering that was only available on day 1), you might be able to get your original BTC back. 

Personally I like mining, though I will almost definitely not recover the 60 BTC spent on day 1 (even with timely MPP). 
And yes... you would be an idiot to ask for a refund if all you are going to get back is a locked in 90% loss.

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December 14, 2013, 03:51:12 PM
 #4191

99.999% that they will deliver by the end of the year. We should have had our address changed to Antarctica to hope that DHL couldn't reach us in time.

hehe tho, personally assuming you dont sue you are better off just getting the unit and mining. if you just get the refund it will only be 5-6coins vs mining you will make more in the first month

Wait, what? You forget that most people paid 50 btc per unit back when they were taking pre-orders. No way in frozen hell that a unit will mine 50 btc in it's entire lifetime. So no, a refund would be the better option if they failed to deliver.

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December 14, 2013, 03:56:29 PM
 #4192

Wait, what? You forget that most people paid 50 btc per unit back when they were taking pre-orders. No way in frozen hell that a unit will mine 50 btc in it's entire lifetime. So no, a refund would be the better option if they failed to deliver.

HashFast seems dead-set on refunding the USD value only, though. So even if you paid 50 BTC, you're still only getting 5 to 6 BTC back.
cedivad
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December 14, 2013, 03:58:01 PM
 #4193

HashFast seems dead-set on refunding the USD value only, though. So even if you paid 50 BTC, then you're still only getting 5 to 6 BTC back.
They went on for months saying that the refund would have been of the same BTC amount, and they never said the opposite for batch 1. What changed is the ToS for new customers.
However, this is a non issue, they will deliver the first batch. The problem is the MPP.

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
allinvain
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December 14, 2013, 04:00:17 PM
 #4194

Wait, what? You forget that most people paid 50 btc per unit back when they were taking pre-orders. No way in frozen hell that a unit will mine 50 btc in it's entire lifetime. So no, a refund would be the better option if they failed to deliver.

HashFast seems dead-set on refunding the USD value only, though. So even if you paid 50 BTC, you're still only getting 5 to 6 BTC back.

Well ofcourse, they'd be stupid to refund in BTC although I would not mind it Wink Oh how I regret buying these things. There is _no_ mining hardware that is more valuable than btc "in hand" This is starting to look like a game for suckers.


allinvain
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December 14, 2013, 04:02:01 PM
 #4195

HashFast seems dead-set on refunding the USD value only, though. So even if you paid 50 BTC, then you're still only getting 5 to 6 BTC back.
They went on for months saying that the refund would have been of the same BTC amount, and they never said the opposite for batch 1. What changed is the ToS for new customers.
However, this is a non issue, they will deliver the first batch. The problem is the MPP.

Do you have a copy of their original ToS? They can say anything they want and it would not mean shit unless those particular terms are what the buyer agreed to _at the time of purchase_.  They can easily go back on their word - see Avalon, BFL, etc.


cedivad
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December 14, 2013, 04:08:48 PM
 #4196

Do you have a copy of their original ToS? They can say anything they want and it would not mean shit unless those particular terms are what the buyer agreed to _at the time of purchase_.  They can easily go back on their word - see Avalon, BFL, etc.
I do, thanks. The usd only refunds was added only during the last month, anyway.

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
allinvain
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December 14, 2013, 04:28:11 PM
 #4197

Do you have a copy of their original ToS? They can say anything they want and it would not mean shit unless those particular terms are what the buyer agreed to _at the time of purchase_.  They can easily go back on their word - see Avalon, BFL, etc.
I do, thanks. The usd only refunds was added only during the last month, anyway.

Nice. Can you please post it on pastebin.

You guys think it's likely that they _won't_ deliver by the end of Dec?


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December 14, 2013, 04:34:33 PM
 #4198

Do you have a copy of their original ToS? They can say anything they want and it would not mean shit unless those particular terms are what the buyer agreed to _at the time of purchase_.  They can easily go back on their word - see Avalon, BFL, etc.
I do, thanks. The usd only refunds was added only during the last month, anyway.

Nice. Can you please post it on pastebin.

You guys think it's likely that they _won't_ deliver by the end of Dec?




http://pastebin.com/EfS9vmRf


thats the tos i agreed to back in 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
VolanicEruptor
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December 14, 2013, 04:36:53 PM
 #4199

Do you have a copy of their original ToS? They can say anything they want and it would not mean shit unless those particular terms are what the buyer agreed to _at the time of purchase_.  They can easily go back on their word - see Avalon, BFL, etc.
I do, thanks. The usd only refunds was added only during the last month, anyway.

Nice. Can you please post it on pastebin.

You guys think it's likely that they _won't_ deliver by the end of Dec?




http://pastebin.com/EfS9vmRf


thats the tos i agreed to back in august


Quote
Payments are due in the amounts, in the currency, and at the time stated in the order or confirmation sent by Hashfast, or if not so stated: (a) paid Bitcoin, to the account designated by Hashfast; (b) within thirty (30) days of date of invoice.  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.  Hashfast is not responsible for pricing, typographical or other errors in any offer by Hashfast and reserves the right to cancel any orders arising from such errors.

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December 14, 2013, 04:50:05 PM
 #4200

So HashFast wants to market themselves as having "HALF A TERRAHASH/s (500GH/s) on a single chip."

Ahahahaha.  :facepalm:  That's been on their front page for how long now?

Spellcheck, anyone?

I keep reading it and cannot see the error

Terra: Earth

Tera: 10ˆ12

If they can't get something that simple right, I wonder about the rest. The spelling mistake has been pointed out in this thread before and they received email about it. They have not fixed it yet because they are either working hard and it's not a priority or there is no wifi on the plane to Hawaii
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