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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875472 times)
xstr8guy
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December 19, 2013, 10:45:12 PM
 #4541

THIS:  I personally will NOT accept delivery past december 31.. and will ask for my 210btc's back at Jan 01, 2014 0001H

So what will you do when instead they give you USD back at the BTC exchange rate (settled in USD) during the time of the purchase?

This issue has been beat to death.... if paid directly to HF wallet for batch 1 customers.. refunds are in btc.  I  would not have ordered from them if this was not the case.. i learned all too well from the june2012 BFL order.. (or maybe i didn't learn so well Smiley )

And if BTC drops to $20 at the time of your refund, will you still only accept BTC?  It seems that no one ver considers this possibility.  Wink

Yes, I would be totally fine with that.  I paid with BTC and I got my BTC back.  It would have been the same as just keeping my btc which is what I should have done instead of buying my FailFast miner.

Ah such a bitcoin purist!  But it's easy to take that stance when BTC is hovering around $700.   Grin

Not that I wish a collapse on anyone, it would be very interesting to see how the masses would react to a BTC refund at such low exchange rates.  If you think HashFast hate is extreme now, I'm willing to wager that this would not even come close to the violent rage that would result from $20 BTC refunds.
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ninjarobot
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December 19, 2013, 10:51:23 PM
 #4542

THIS:  I personally will NOT accept delivery past december 31.. and will ask for my 210btc's back at Jan 01, 2014 0001H

So what will you do when instead they give you USD back at the BTC exchange rate (settled in USD) during the time of the purchase?

This issue has been beat to death.... if paid directly to HF wallet for batch 1 customers.. refunds are in btc.  I  would not have ordered from them if this was not the case.. i learned all too well from the june2012 BFL order.. (or maybe i didn't learn so well Smiley )

Can you please point me to the post where a HF representative explained that users that paid BTC to their direct wallet will be treated differently from customers that paid BTC to their BitPay wallet when it comes to refunds? I must have missed that.

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December 19, 2013, 11:08:13 PM
 #4543




I bought 2000 Gh/s for 5600 USD!? Yes or No??

thx for feedback
jjiimm_64
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December 19, 2013, 11:24:08 PM
 #4544




I bought 2000 Gh/s for 5600 USD!? Yes or No??

thx for feedback

a baby jet is 400Gh not 2000

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December 19, 2013, 11:32:32 PM
 #4545




I bought 2000 Gh/s for 5600 USD!? Yes or No??

thx for feedback

a baby jet is 400Gh not 2000

They're obviously including MPP (not that I agree with the tactic)
Gyrsur
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December 19, 2013, 11:34:37 PM
 #4546




I bought 2000 Gh/s for 5600 USD!? Yes or No??

thx for feedback

a baby jet is 400Gh not 2000

They're obviously including MPP (not that I agree with the tactic)

marketing BS as we always know. at least one area where they were sucessful.
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December 19, 2013, 11:36:55 PM
 #4547




I bought 2000 Gh/s for 5600 USD!? Yes or No??

thx for feedback

It's "as low as $2.80/GH," but HF, in an effort to over-deliver, didn't settle for the bare minimum.  They gave you way more dollars per GH/sec -- around $11.20 Smiley
cedivad
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December 19, 2013, 11:37:47 PM
 #4548

marketing BS as we always know. at least one area where they were sucessfull.
We must congratulate with john.
Wait, no, it's easy to have good sales if you promise the moon. So no, they can't even get that thing right.

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
mgio
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December 19, 2013, 11:48:22 PM
 #4549

Here is something that I've been thinking about...

The BabyJet was supposed to do 400GH/s at 300W.

It looks like it is going to be doing 500+GH/s at maybe 600W.

The MPP is supposed to give you double the hash power to break up even up to 2 TH/s. The details of the calculation aren't important, the amount is going to be the max the MPP will give definitely since they are so late.

Anyways, one would expect an extra 1600 GH/s or 4 more golden nonce chips.

But I bet HashFast is going to say that 1 BJ is 500GH/s so we will get 3 more golden nonce chips at 500 GH/s each.

In my opinion, that is wrong wrong wrong though because each golden nonce looks like it will draw 600W, about twice the power they promised.

So they are in fact overclocking each GN. They should dial down the power to 300W and then measure the hashrate and give use the MPP chips based on what that hashrate is.

They said themselves that they wouldn't assume we were over/under clocking when calculating the number of chips to give out for the MPP. But, in effect, by delivering the BJs at 600W power consumption they are delivering them "overclocked" already.
cedivad
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December 19, 2013, 11:50:17 PM
 #4550

The MPP uses the BJ as a base unit. If the BJ does 5TH, the ceil limit of the MPP is 20TH.

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
itod
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^ will code for bitcoins


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December 19, 2013, 11:54:25 PM
 #4551

Anyways, one would expect an extra 1600 GH/s or 4 more golden nonce chips.

But I bet HashFast is going to say that 1 BJ is 500GH/s so we will get 3 more golden nonce chips at 500 GH/s each.

Don't worry, 500Ghs are unimportant for the MPP. There's no chance BabyJets will mine enough to reduce MPP for one board. The KnC delivered their November batch completely, the difficulty goes sky-high tomorrow:

Code:
Estimated Next Difficulty: 1,200,705,546 (+32.19%)

Just-Dice                 ██             
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   Play or Invest                 ██             
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   1% House Edge
jspielberg
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December 19, 2013, 11:57:10 PM
 #4552

The MPP uses the BJ as a base unit. If the BJ does 5TH, the ceil limit of the MPP is 20TH.

I think hash fast said the same, though I am having trouble finding the quote.

minternj
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December 20, 2013, 12:00:56 AM
 #4553

From the mpp:
"If the Bitcoin network hashrate increases so that your Baby Jet doesn’t generate more Bitcoins in ninety days than you paid for it, HashFast will give you additional ASICs. In fact, we will give you up to 400% more hashing capacity than the Baby Jet you purchased. Yes, that does mean that if you don’t make your money back in 90 days, we will increase your mining capacity to up to 2 Terahashes!"

Upper limit is 2TB. We can all agree the upper limit is hit. end of discussion.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
cedivad
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December 20, 2013, 12:01:13 AM
 #4554

I wanted to answer that you just have to look at the exact wordings of their MPP, you don't need their HF_CL to come here and explain that to you. And i can confirm that, it's there for you to read. However this piece would have been a funny way to answer at those saying that the only possible delivery date has always been December:

Quote
Example 1 – You buy a Baby Jet from HashFast for 50 BTC and we ship it October 25th. By January 23, your machine has mined 60 BTC. You are happy and the miner protection is not needed.

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
cedivad
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December 20, 2013, 12:01:55 AM
 #4555

Upper limit is 2TB. We can all agree the upper limit is hit. end of discussion.
The upper limit is not 2TB. Please try to read that again. It's not 2TH, either.

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
minternj
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December 20, 2013, 12:05:31 AM
 #4556

Yes it is. Its written there in plain English.

Much like it was written originally that delivery date was October 20-30. It wasn't anticipated delivery. That was the delivery date not to be confused with refund date.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
cedivad
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December 20, 2013, 12:07:50 AM
 #4557

Actual wording:
Quote
In fact, we will give you up to 400% more hashing capacity than the Baby Jet you purchased.

Explanation for people who don't want to bother to read:
Quote
Yes, that does mean that if you don’t make your money back in 90 days, we will increase your mining capacity to up to 2 Terahashes!

It will be 4 times the BJ. And from an HF point of view it would be just plain stupid to discuss 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
minternj
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December 20, 2013, 12:09:46 AM
 #4558

It's "up to 400%" which includes 0% to 400%... the upper limit in the terms is in plain text. it is not ambiguous or subject to interpretation.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
cedivad
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December 20, 2013, 12:10:26 AM
 #4559

It's "up to 400%" which includes 0% to 400%... the upper limit in the terms is in plain text. it is not ambiguous or subject to interpretation.

Maybe you should try to read it again (all of it) to understand what that up to stands for.

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
minternj
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December 20, 2013, 12:16:12 AM
 #4560

Sigh... I read it when it came out. I just read it again. I am a native English speaker, and to me it is extremely clear. It is very much what i like to call marketing talk. When stores over here in America advertise, they like to use the term " up to XX% off". When you get there you usually don't find anything that is XX% off. With that in mind the only clear # in there is the 2 TH number.

I'm not going to argue with your interpretation, you are free to it. As you should see, im not HF's biggest fan so take that into consideration when you read this.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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