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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 864704 times)
Inaba
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December 24, 2013, 03:02:25 PM
 #4921

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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perezoso
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December 24, 2013, 04:14:10 PM
 #4922

If Hashfast fails to ship by Dec 31st and refunds USD, or ships broken crap, or fails to deliver MPP+ boards in time for them to have a realistic shot at ROI, I too will join a class action and am prepared to make some funds available for it.

Although if there are enough of us, I would expect the case to be accepted on contingency (i.e. little or no up-front costs but lawyers take a % of the settlement).  There is quite a bit of indication that Hashfast never had any serious intent to deliver in October, and that it was all a lie to boost sales at high prices.  I also think that there are aspects of the MPP that may form part of a suit.  Importantly, there are several of us who paid in USD who have expressed upset with the situation here, and I would hope that any action is constructed such that it encompasses our situation as well as that of those that paid in BTC.

The guy from that disreputable enterprise known as BFL doesn't understand a couple of important things.  First, the MPP was what enabled Hashfast to sell out it's first and probably second batches. If it wasn't for the MPP, they would laboring in obscurity, with prices far below those of the fall, cash dwindling, fewer orders, and people saying they'd rather rely on proven hardware (e.g. KNC) than HF's troubled program. Second, I think the miners that have ordered from Hashfast have learned lessons from the BFL saga and will not be as passive as BFL's victims.
myrond
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December 24, 2013, 04:17:41 PM
 #4923

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.

And I was right... KNC was late.  They promised summer delivery and didn't deliver until, what... October?



You are incorrect, sir. They said all of batch 1 will be in-hand by 15 Oct. They went approx 2 weeks over that mark. 2 weeks lost me about $1,000, but it could have been worse.

I had 2 orders between 10 and 20;  UPS shipping notice came on October 2nd ended up delivering October 7th.  I still have not mined more BTC then I paid.  Such is life.

Unfortunately I bought into hashfast that they were fully funded ahead of time and would refund in BTC if they didn't deliver... and hashfast was going to deliver mid October.  Seems that they may have converted to $'s so if they don't deliver I'm taking a large unpleasant bath if they attempt to refund BTC based on the $ equivalent paid at the time.
defcon23
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December 24, 2013, 04:20:59 PM
 #4924

"HashFast ‏@HashFast 21 Déc

The Baby Jet is born! Hashing away on all 4 cylinders for hours, the first assembled rig is performing marvelously! pic.twitter.com/w4pi3PTas3"
so... first rig on 21 dec ( showing76° for only 420 gh/s on cgminer, UNDERCLOCKED, then : what about your promise to deliver over 400 bj's  two days after , ... shame on you !


aneutronic
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December 24, 2013, 04:40:02 PM
 #4925

Here's an article that may interest HF's Canadian customers:

Canadian Provincial Bitcoin Law: It’s All About Protecting the Consumer

http://www.coindesk.com/canadian-bitcoin-law-consumer-protection/?utm_source=CoinDesk+subscribers&utm_campaign=0949243812-EMAIL_RSS_CAMPAIGN&utm_medium=email&utm_term=0_74abb9e6ab-0949243812-71361709

Quote
All agreements must be clear and understandable. Vague language is discouraged in agreements. All required information must be clear, prominent and easy to understand. If there is a dispute over unclear language, the Ontario Act requires that it be interpreted in favour of the consumer.

So if you are a bitcoin entity trying to sell a consumer good it would be prudent to ensure your lawyer drafts up an agreement that cannot allow for more than one reasonable interpretation; there can be no room for ambiguity.

Go Canada!

eh?    Smiley
jspielberg
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December 24, 2013, 04:42:37 PM
 #4926

Sudden outbreak of common sense...

G-damn!  I'm moving north.

ninjarobot
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December 24, 2013, 05:21:42 PM
 #4927

The signal to noise ratio here is astounding Angry
There is no signal at all, and it's not our fault.
You and the trolls like you are the explicit example of who's fault it is.

Nice job of 'blame the victim'. You can pat yourself on the back.

HF put their customers in a Catch 22 situation. Eat an ~80% loss on your BTC with either a 1) USD refund or 2) hopelessly delayed HW. There is no happy ending here so customers are understandably frustrated. HF silence at this critical time is not helping, nor are their frequent TOS updates that shift risk & losses from HF to the customers.

themailman
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December 24, 2013, 05:44:39 PM
 #4928

This is a HashFast thread.  Hating on non-HashFast entities will not be tolerated.
CYPER
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December 24, 2013, 05:45:33 PM
 #4929

This is a HashFast thread.  Hating on non-HashFast entities will not be tolerated.


So guys please only hate on Hashfast  Grin

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
jspielberg
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December 24, 2013, 05:51:29 PM
 #4930

I still think Josh has a unique perspective here (no matter what you think of him personally), as the only one in this thread (including HF), who has brought an Asic to market (albeit not underpromised and over-delivered). 

And frankly his cameo has added a bit more interest to this thread which seems to have been abandoned by HF and the poor Hashfast_CL patsy pincushion. 

HFs compensation for being their effigy certainly isn't enough.  Smart though of the HF_CL to create a new identity for it.

perezoso
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December 24, 2013, 06:00:41 PM
 #4931

Yeah, patsy pincushion sure did vanish when the Q&A thread suggestion was made.  "Like, OMG, I might have to answer their questions rather than randomly dropping in every once in a while with some inane and vapid boosterism, I mean, customer support."


I am Hashfast Ministry of Information.
We are on-track for October shipping.
Our MPP(tm) will protect you against network hashrate increases.
Any further questions?
ninjarobot
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December 24, 2013, 06:41:02 PM
 #4932

BFL was 6 months late, not 1 year, unless the calendar has changed in the past 2000  years or so?  November - April = 6 months, not 12 months.

True, but the total wait for BFL customers was well over a year for many. I ordered my LS on 6/24/2012 and it was finally shipped to me on 7/9/2013. Needless to say, I have not even made 50% of my BTC back at this point. Now I mine little over 1 (bit)cent per day so I have accepted my losses. At this point my HF BJ is expected to do even worse. Needless to say, I'm done with pre-orders.

Inaba
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December 24, 2013, 06:42:13 PM
 #4933

BFL was 6 months late, not 1 year, unless the calendar has changed in the past 2000  years or so?  November - April = 6 months, not 12 months.

True, but the total wait for BFL customers was well over a year for many. I ordered my 30GH/s little single on 6/24/2012 and it was finally shipped to me on 7/9/2013. Needless to say, I have not even made 50% of my BTC back at this point. Now I mine little over 1 (bit)cent per day so I have accepted my losses. At this point my HF BJ is expected to do even worse. Needless to say, I'm done with pre-orders.



Quite understandable.  Fortunately, I don't think any vendor has yet forced anyone to pre-order their equipment, so you're good to go. 

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
filharvey
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December 24, 2013, 06:51:39 PM
 #4934

BFL was 6 months late, not 1 year, unless the calendar has changed in the past 2000  years or so?  November - April = 6 months, not 12 months.  Did you add a few extra months in there to make yourself feel better?

Josh,

you guys were not 6 months late. I ordered day 2 and did not get my single until Aug 2nd this year. That makes you 9-10 months late.

Phil

INVALID BBCODE: close of unopened tag in table (1)
defcon23
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December 24, 2013, 06:51:46 PM
 #4935

Yeah, patsy pincushion sure did vanish when the Q&A thread suggestion was made.  "Like, OMG, I might have to answer their questions rather than randomly dropping in every once in a while with some inane and vapid boosterism, I mean, customer support."


I am Hashfast Ministry of Information.
We are on-track for October shipping.
Our MPP(tm) will protect you against network hashrate increases.
Any further questions?
+1
cedivad
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December 24, 2013, 07:55:03 PM
 #4936

Fortunately, I don't think any vendor has yet forced anyone to pre-order their equipment, so you're good to go.
Thanks Josh (with the caps this time), you are funny.

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 24, 2013, 08:06:21 PM
 #4937

Quite understandable.  Fortunately, I don't think any vendor has yet forced anyone to pre-order their equipment, so you're good to go. 

That's dirty and speaks to your character, and your company's. You promised something, they bought on that promise, you failed, it's your bad, not the people who bought. Tell yourself what you need to, to feel better, but you embody all that is wrong. Your thousands of posts and cheesy "trust" points on this forum don't carry any weight in the real world. I almost bought from you amateurs after the ArsTechnica article and I'm so glad I did my research and did not. } //end BFL hate

1MYwxy8TniWL37y3ueG2cN6i5eQ49Fr19Q
defcon23
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December 24, 2013, 08:37:59 PM
 #4938

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


... and not a word...   Undecided
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December 24, 2013, 09:10:30 PM
 #4939

BFL was 6 months late, not 1 year, unless the calendar has changed in the past 2000  years or so?  November - April = 6 months, not 12 months.

True, but the total wait for BFL customers was well over a year for many. I ordered my 30GH/s little single on 6/24/2012 and it was finally shipped to me on 7/9/2013. Needless to say, I have not even made 50% of my BTC back at this point. Now I mine little over 1 (bit)cent per day so I have accepted my losses. At this point my HF BJ is expected to do even worse. Needless to say, I'm done with pre-orders.



Quite understandable.  Fortunately, I don't think any vendor has yet forced anyone to pre-order their equipment, so you're good to go.  

Very good Josh  Wink

New term for Bitcoin buissness's...........BYC=Blame Your Customer.

"If we are late & can't deliver a product anywhere near the specs we advertised at the time you ordered......It's The CUSTOMERS fault!!!!"

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
Inaba
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December 24, 2013, 09:14:32 PM
 #4940

I almost bought from you amateurs after the ArsTechnica article and I'm so glad I did my research and did not. } //end BFL hate

You and me both, my friend, you and me both!


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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