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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 877767 times)
Searing
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December 24, 2013, 10:25:57 AM
 #4901

Glad I never ordered from hash fast. I even had everything in the cart back in august.

Dodged a bullet right there...whew...


ditto ...(was saved by my reaming of BFL (shudder) only reason ordered from knc is they took paypal via cc...now they don't ...but then again now they've proved self so not such a
big deal to me)

also as a side note people say "don't you wish you would have found out about bitcoin earlier then april 2013...?" I reply it would not have mattered at that point unless you wanted Avalon you'd have probably gotten caught in the 'BFL Scam" anyway ...so kinda a moot point......

anyway fear and loathing of BFL managed to save me from you guys fate...sorry wish you luck been there (down 8k on bfl forced upgrade to 900gh of monarchs.....they will be bricks too....by the time I get them I have no doubt)

Searing














 

 

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Phinnaeus Gage
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December 24, 2013, 10:36:14 AM
 #4902

Continental Grain: We're selling corn!  Minimum purchase $1 million dollars. 

Potential Buyer:  Great; I need corn.  How much per bushel?

Continental Grain:  And the first three customers at that level win an all expenses paid trip to Peoria IL to visit their corn and the cows who eat the same corn in the feed lot in the next town over.

Potential Buyer:  So delivery is immediate?  And what's that price per bushel, again?

Continental Grain:  And if you order in the next 10 minutes, you'll also receive this set of steak knives to eat the cow that eats the corn in the next town over.



This. is. fucking. nuts.  I got a bad feelin' about this...




Caution! This thread is nuts.
Witness
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December 24, 2013, 10:54:02 AM
 #4903

what an incredible lack of communication, for the "great" company they claim to be ...  Angry a great shot ads crisp on twitter ... the funniest  is the pseudo credibility  they try to regain with some shitty pictures they posted on a certain pool, few days ago... LOL


look at this smile .....


so your telling me the biggest buyers are in this thread but posted that else where? Lol all I can see is them trying to con people to buy a SHIT product which they claim it running on all cylinders.

_HashFast Technologies_28 nm mining
Producer of High Performance ASICS  (IT'S A SCAM)
BabyJets & Sierras On Sale today!
allinvain
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December 24, 2013, 10:54:49 AM
 #4904

Oh it's only going to get nuttier day by day.

cedivad
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December 24, 2013, 11:23:38 AM
 #4905

look at this smile...
It says a lot.

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 24, 2013, 11:33:26 AM
 #4906

I imagine Hashfast is gonna either refund us or end up shipping all of batch 1's with ups next day air or something.
cedivad
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December 24, 2013, 11:48:06 AM
 #4907

I imagine Hashfast is gonna either refund us or end up shipping all of batch 1's with ups next day air or something.
It would be interesting to know if they can ship until the 31th or not (delivered <> exwork thing) etc. I'm not sure that as final customers exwork definitions applies. We are not HF.

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 24, 2013, 12:01:16 PM
 #4908

I imagine Hashfast is gonna either refund us or end up shipping all of batch 1's with ups next day air or something.
It would be interesting to know if they can ship until the 31th or not (delivered <> exwork thing) etc. I'm not sure that as final customers exwork definitions applies. We are not HF.

well from the talks here It seems if they dont deliver on the first or 31st then all customers are entitled for a refund. Most likely in usd. I am simply saying they may do something along the lines of on the 28th ship all the units with next day air ups so they will get to you on time.
RoadStress
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December 24, 2013, 12:29:38 PM
 #4909

I imagine Hashfast is gonna either refund us or end up shipping all of batch 1's with ups next day air or something.
It would be interesting to know if they can ship until the 31th or not (delivered <> exwork thing) etc. I'm not sure that as final customers exwork definitions applies. We are not HF.

well from the talks here It seems if they dont deliver on the first or 31st then all customers are entitled for a refund. Most likely in usd. I am simply saying they may do something along the lines of on the 28th ship all the units with next day air ups so they will get to you on time.

I wonder if they will refund customers with mined coins with customers hardware.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
Searing
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December 24, 2013, 12:30:34 PM
 #4910

I imagine Hashfast is gonna either refund us or end up shipping all of batch 1's with ups next day air or something.
It would be interesting to know if they can ship until the 31th or not (delivered <> exwork thing) etc. I'm not sure that as final customers exwork definitions applies. We are not HF.

well from the talks here It seems if they dont deliver on the first or 31st then all customers are entitled for a refund. Most likely in usd. I am simply saying they may do something along the lines of on the 28th ship all the units with next day air ups so they will get to you on time.


well they could just go the BFL route and just plain do nothing ..screw you....it seems that at least in regulations in the usa ....if you get your stuff ..even if 1yr late....then don't have to worry about regulations.......

so imho ..they probably don't have to honor any of the comitments...if that held water some lawyer would be contacting a lot of BFL folk for a class action suit....but alas....item WAS delivered in the BFL example.... so being on time seems to have little value in this kinda stuff

Also a lot of small claims court rulings against BFL...good luck collecting ...so far ...no one has managed to do that yet either even if they've won from what I've heard

so imho prepare yourselves for more 'deafening silence" on here

my 2c worth (not that it is worth that) but comparison wise...if BFL can get away with it why not everyone else who is late?

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defcon23
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December 24, 2013, 12:37:25 PM
 #4911

in august hashfast promised  to deliver their units to batch 1 customers for 15 october.
today we are on 24 december ... and they're insulting all of us by their fucking silence !
it's clear :HASHFAST IS A BIG BIG SCAM !
their model : BFL . that's all
j03
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December 24, 2013, 12:38:18 PM
 #4912

Anyone else notice how the network hashrate jumped by over a petahash just a few days after HashFast really got down to testing their chips?

The recent large difficulty jumps are from KnC batch 2 coming online. Difficulty should slow down until the end of March, unless Hashlast and Cointerrible actually make something.

1MYwxy8TniWL37y3ueG2cN6i5eQ49Fr19Q
defcon23
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December 24, 2013, 01:04:48 PM
 #4913

http://www.timeanddate.com/countdown/to?iso=20131231T235959&p0=224&msg=Hashfast+Shipping+Deadline

FAILFAST  Shocked , i presume the next hashfast "yahoo finances" article should be very interesting to read....  Grin
RoadStress
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December 24, 2013, 01:04:57 PM
 #4914

in august hashfast promised  to deliver their units to batch 1 customers for 15 october.
today we are on 24 december ... and they're insulting all of us by their fucking silence !
it's clear :HASHFAST IS A BIG BIG SCAM !
their model : BFL . that's all

The fun part is that they promissed October delivery and they got the chips on 5 December!

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
JWU42
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December 24, 2013, 01:22:21 PM
 #4915

The signal to noise ratio here is astounding Angry

Trogg42
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December 24, 2013, 01:52:13 PM
 #4916

I suspect Hashfast will choose to refund all Batch #1 customers to get out of the MPP. With the increase in the value of Bitcoin, 2TH is worth far more right now than the $5k or so they sold each unit for.

I realise they have spent the money, but look at KnC, they just sold over $27M worth of Neptunes for delivery possibly as late as Q2. If HF can show working miners, people will go nuts and order loads of gear, so they will suddenly have the cash to refund Batch #1 customers.

I'm one of the ones who was mislead by the lies HF told. I'm an embedded systems developer (hardware and software) and it's obvious from what they have posted that they only started development work in December that they should have been doing in NovemberSeptember / early October if they ever had any intention to ship by late October.

This late development effort may have caused problems, they may have needed a PCB respin to fix issues with the POL power supplies or embedded micro, one of the pictures they posted showed the micro missing and wires strapped over to an evaluation board. All normal and expected parts of development... which would have been done and corrected in October if they were really on track. (I suspect an element of inexperience and incompetence here, rather than pure malice.)

I'm ready to make $10k-$20k available for the class action. Unfortunately I'm not in the US so can't progress this much myself.

Does anyone know who bought the 200 batch 1 BJ's (Order M008)? Presumably they will be up for some legal action.
cedivad
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December 24, 2013, 02:15:45 PM
 #4917

The signal to noise ratio here is astounding Angry
There is no signal at all, and it's not our fault.

I'm ready to make $10k-$20k available for the class action.
Great, that makes two of us already.

Does anyone know who bought the 200 batch 1 BJ's (Order M008)? Presumably they will be up for some legal action.
He won't go public, and i suspect that he will be just fine, and not interested in joining efforts with us.

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 24, 2013, 02:39:00 PM
 #4918

Inaba -

Just out of curiosity.
Having already "been there/done that" with the dirty job of bringing as asic to market, what is your perspective of Hashfast and what they going through right now.

Also, your thoughts on their moving target TOS I would be interested in hearing from the point of view of a competitor.

Thanks -

cedivad
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December 24, 2013, 02:43:15 PM
 #4919

Josh is probably taking a % of HF profits due to it's suggestions to john. So there is really no point in asking him it's opinion on HF. I will always remember how sure he was that KNC was gonna be late when we meet, it must have been because he knew that KNC was legit.

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
Inaba
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December 24, 2013, 03:02:25 PM
 #4920

Inaba -

Just out of curiosity.
Having already "been there/done that" with the dirty job of bringing as asic to market, what is your perspective of Hashfast and what they going through right now.

Also, your thoughts on their moving target TOS I would be interested in hearing from the point of view of a competitor.

Thanks -

Without knowing the specifics of what they are going through, I can't really speak on it... but I can imagine it's very similar to what we went through on our first ASIC and assuming that is the case, I sympathize a great deal with them from a technical standpoint.  I have no first hand knowledge of what the issues are at Hashfast currently, but from reading between the lines, it sounds like the chip isn't performing like they expected and hash a higher thermal signature (due to increased power) and they are having to scramble to make things right... just like we did.  It's a really crappy situation to be in and I have no doubt everyone is doing everything they can to get the units out the door.  Admittedly, I don't keep up on the whole Hashfast saga as closely as some, but it seems like they are victims of their own optimism, which was a hard lesson to learn for BFL. 

Hashfast has the benefit of Bitcointalk being troll-city and ignored by most of the general public, unlike back when BFL started and Bitcointalk was somewhat reputable... so all the trolling, lying, FUD and general misinformation is largely irrelevant in todays world.  People like Cevidad et al don't really make much of a difference, just a bunch of noise that no one is listening to.  So I think they will come out of it alright in the end, assuming they deliver sometime in the next few weeks. 

As far as the TOS goes, that's another story entirely...  The TOS is a clusterfuck to be sure and the MPP was just impossible... anyone with any common sense should have realized that from the start.  In fact, I mentioned it back in September:

https://forums.butterflylabs.com/pre-sales-questions/4914-bfl-selling-worthless-mining-gear-3.html#post58249

Say what you want about BFL, we have always clearly stated our terms and conditions and even made people double opt in to new terms and conditions or be refunded... Hashfash could certainly have handled the whole TOS situation much better... and they should never have created the impossible MPP.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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