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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875236 times)
Visesrion
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January 08, 2014, 07:01:36 AM
 #6501

We are sending this email to follow up our email notice sent to our Batch 1 customers on December 29, 2013.  We received a number of questions and wanted to provide additional information and clarifications.
 
As the previous email anticipated, we were not able to meet our intended December 31, 2013 ship date for Batch 1 orders.  Our revised ship date is January 28, 2014.  We are working diligently to try to ship before that date.  If we are able to ship your order before that date, we will, unless you request a refund or previously requested a refund.  You may cancel your Batch 1 Order and receive a prompt refund by completing the information below (see the web link to this form at the end of this message) and emailing it to us at refunds@hashfast.com.  You need to request your refund before January 9th, and before we ship your Batch 1 order to you, otherwise we will assume that you have agreed to this shipment delay.    We of course would prefer if you remained our customer.
 
If you have requested a refund either before or after receiving our first notice, we will send you your refund.  When you request a refund, you are also canceling your order.
 
Please read the Frequently Asked Questions below to better understand how we are handling refund requests.
 
Please complete the following:
 
□  I hereby cancel my Batch 1 order(s) and request a refund.
□  I hereby cancel my Baby Jet upgrade card order(s) for Batch 1 Baby Jet(s) orders that I am canceling, and request a refund
□  I would like the additional benefits and will sign and return the Refund Request and Release below.
□  I would like my refund in Bitcoin at the exchange rate calculated as set forth above, and represent and warrant that I live in a jurisdiction that does not permit USD bank accounts, but does permit Bitcoin refunds.  Please use the following Bitcoin address for the transfer: ________________________________.
 
 
If you don’t remember much regarding your Batch 1 orders and don’t have that information available, you can requested it by sending your request to sales@hashfast.com  (not the refund@hashfast.com email address) and use the subject line: “Batch 1 Order Information Please” and providing your order number(s).   We will send you information regarding your Batch 1 orders and any upgrade cards for your Batch 1 orders.  
 
 
Frequently Asked Question:
 
Why the delay?
Although Hashfast has enough of GN ASICS for all Batch 1 orders, our initial modules (Rev 0) had reliability issues due to the PCB layout (Printed Circuit Boards).  We received Rev 2 PCBs and they are currently being assembled and being tested.
 
When will you send the refund?
In the next seven working days.
 
How will you send the refund?
We will provide the refund by check for the full amount of your order in USD.  Checks will be sent to the billing address we have on file for you.  You can update that address below.  Our current understanding is that federal law requires that all refunds due to shipping delays to customers in the United States and its territories be mailed by United States post in USD.
 
Your amount of refund will be the same as the USD amount shown below and in your order confirmation.  Our products were purchased based on the purchase price stated in USD.  We accepted payment in Bitcoin and other currencies as a convenience to our customers.  For the great majority of our Batch 1 customers, we never received Bitcoin, but instead received USD from our payment processor, BitPay, and used the money to pay our suppliers and costs.   Most early customers received a preferable exchange rate that reduced our revenue by 8%-10%.  We also have customers that have paid in Bitcoin when the exchange rate was far higher than it is today, so our approach to providing refunds in USD is not a policy designed only to benefit us.  
 
FOR FOREIGN JURISDICTIONS: Please let us know if you live in a jurisdiction that does not permit USD bank accounts but does permit Bitcoin payments.  In that case, we will send you the refund in Bitcoin at the Bitstamp.com exchange rate given at the time of our Bitcoin transfer to your Bitcoin address when we send it.  We will send it within seven days to the Bitcoin address we have on file for you.  You can update that address below.
 
Can I cancel my Batch 2, 3 or 4 orders and get a refund?  My Baby Jet upgrade card?
You can cancel only Batch 1 orders, and any Baby Jet upgrade cards that you ordered for the cancelled Batch 1 Baby Jets, even if the Baby Jet upgrade cards were slated for production in later Batches.  Please make it clear that you would like to cancel such upgrade cards or we will assume that you want to keep them on order.
 
 
What happens if you miss the January 28 ship date?
You will be able to cancel your order again and receive a refund if we miss our January 28th ship date.  Please note that we may under certain circumstances accept your cancelation and refund request between January 10th  and January 28th.
 
I don’t want to cancel my order now.   How will I know when my order ships?
You will receive a tracking number when we ship your order.
 
If I request a refund, am I still eligible for the Miner Protection Program?
No.  The Miner Protection Program (MPP) is a benefit of Batch 1 orders.  Therefore, you will not be eligible for the MPP benefits or any changes we make to the MPP.
 
Additional Benefits:
In the first notice, I read that I could receive benefits in addition to the refund.  Are they still available?
Yes.  For Batch 1 customers that proactively wish to cancel their order and agree to the Refund Request and Release below, we will provide the refund, and in addition:
If we are refunding you by check, we will send the check to you by courier, request overnight or two-day delivery, and pay the delivery fee.
Hashfast will designate you as a Batch 1 Special Customer and provide you with a credit worth 5% of the refunded dollar amount. You may apply this credit towards any of your current orders or your next order with Hashfast.
You will also get air shipping to anywhere in the world for free on your next order up to the number of cancelled Batch 1 units
We will pay you an additional 5% over your refund amount in USD
If you wish to have these additional benefits, please complete the form, initial and execute it where indicated, and return it to us today
.  If you have previously done so, you do not need to do so again.

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ninjarobot
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January 08, 2014, 07:09:54 AM
 #6502

Quote
Hashfast will designate you as a Batch 1 Special Customer

So... who wants to be a Batch 1 Special Customer?

Sure sounds nice. You get all these perks like *free delivery* of your USD refund check. All you need to do is sign this innocent form. So hard.. to.. resist...

Quote
If you wish to have these additional benefits, please complete the form, initial and execute it where indicated, and return it to us today.

Today? Let's see.. it is 11:40PM PST here. Yes that sounds reasonable. No pressure.

(Sorry for the trolling but the BS meter is off the chart.)
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January 08, 2014, 07:14:39 AM
 #6503


I did not get the email... wonder if I was removed from the list because I already canceled.?

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January 08, 2014, 07:19:18 AM
 #6504

I'm having trouble figuring out who's who in this tangled mess.
*And something deleted about gateway*
Gateway, maybe?
https://twitter.com/BionicSteve (NSFW, ...you guessed it, porn!)
http://bionicsteve.tumblr.com/ ...etc
http://steveawesome.com/ ...etc

"Proof"

Earlier in this thread:
https://bitcointalk.org/index.php?topic=262052.msg4171238#msg4171238

Plus himself -
http://eligius.st/~gateway/news/quick-visit-hashfast-hq
http://miningheart.com/Visiting-of-Hashfast (Repost of article he posted, but this time calls him "Steve"

Deleted HashFast tweet, and reply:
http://webcache.googleusercontent.com/search?q=cache:SxwpwOSyvz4J:https://twitter.com/HashFast/status/416846066068520961+&cd=1&hl=en&ct=clnk&gl=us&client=firefox-a

Here favorited a tweet:
http://webcache.googleusercontent.com/search?q=cache:40ro8Phed54J:https://twitter.com/HashFast/status/417022058908770304+&cd=2&hl=en&ct=clnk&gl=us&client=firefox-a


Ehh...could be different people. Who knows. So many people in this world with the same name doing similar things.


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January 08, 2014, 07:24:52 AM
 #6505

I just got the email. Fuck these assholes. I was expecting to read about some compensation. Shouldn't MPP hit around that January 28th date??

No word in the email about MPP shipping for us that have been waiting..

They're just another BFL.

Just like BFL, they magically got delayed with the Bitcoin price started to Skyrocket basically holding all the customers by the balls.

They make the refunds sounds so nice. Ooo free over night shipping of a check. Fuck that and their fake progress.


 
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January 08, 2014, 07:30:31 AM
 #6506

HashFast had many opportunities to fix things, yet they decided to keep digging a deeper and deeper hole.

The lawsuit we saw today is likely just the start and I would not be surprised to see this company become insolvent as customers are forced to take the legal route now and try to salvage what they can before it is too late. I.e. it is not just Batch 1 customers that are f*cked but all batches.
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January 08, 2014, 07:32:12 AM
 #6507

I'm having trouble figuring out who's who in this tangled mess.
*And something deleted about gateway*
Gateway, maybe?

http://bionicsteve.tumblr.com/ ...etc


well..  doubt he is in a rush for HF to deliver any hashing since that will put his rocking 50ghash into a rocking chair


"Rocking my Butterfly Labs bitcoin miner cranking at 50+ g/hash."






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January 08, 2014, 07:43:52 AM
 #6508

Now that the lawsuits are starting to come in they decided that a 5% bribe to take their offer would be the next bet?
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January 08, 2014, 08:24:17 AM
 #6509

Now that the lawsuits are starting to come in they decided that a 5% bribe to take their offer would be the next bet?
You also have to promise to disparage them.

Bitcoin will not be compromised
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January 08, 2014, 08:26:17 AM
 #6510

It's always interesting to see how hashfast promptly reacts to their customers action by digging a bigger hole for themselves.

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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January 08, 2014, 08:32:27 AM
 #6511

Morici v Hashfast Technologies
Case5:14-cv-00087

http://198.27.67.106/hashfast.pdf

Finally someone doing something about one of these scam companies.

How will this affect others wishing to get a refund but don't have the time or resources to take legal action? Will the judge force all refunds in btc should that be the final decision or just the 1 refund of the guy suing?
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January 08, 2014, 09:05:21 AM
 #6512

The chip design is almost complete. We're starting sales now because we're at the point where we the calendar of remaining items is fairly fixed, and we're confident we can deliver.

So confident in your schedule that you'll offer refunds in October, November, December, January 2014? That's not very confident at all!

Going back in time... someone knows how to read the tea leaves properly.

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January 08, 2014, 09:18:59 AM
 #6513

HashFast had many opportunities to fix things, yet they decided to keep digging a deeper and deeper hole.

The lawsuit we saw today is likely just the start and I would not be surprised to see this company become insolvent as customers are forced to take the legal route now and try to salvage what they can before it is too late. I.e. it is not just Batch 1 customers that are f*cked but all batches.
Your right (IMO)

The wheels have officially fallen off at HashFast.
They have openly declared they want their customers to basically take a ~90%~ deduction on their BitCoin Payments.

Now they are even reducing the time (arbitrarily) for customers to request a refund.


Folks, this is what a company looks like when they are openly bluffing in the hopes that your too stupid to see the pink elephant in the room. They are hella' screwed.

Call their bluff and lets see what happens.


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January 08, 2014, 09:25:06 AM
 #6514

Now that the lawsuits are starting to come in they decided that a 5% bribe to take their offer would be the next bet?
You also have to promise to disparage them.
Pretty much.

HashFast to it's customers: Here is a quarter. Now scram, LOL.

(Speculative prose on what that conversation will go like in court)
<HashFast: We gave our customers "a settlement bonus" on their refund, they agreed, therefore they are not entitled to their full refund.
<JUDGE: How much is this bonus against what the plaintiff requested?
<HashFast: 5% extra?
<Judge: >_< (Face Palm)
<Judge: 0_0 Are you serious?

(Edit: In case you don't get it folks, they are looking to [probably] surreptitiously settle your refunds by giving you 5% on your USD refund. Hopefully no one is dumb enough to take their settlement offer and sign on the dotted line. If you do, you screw yourself.


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January 08, 2014, 09:26:25 AM
 #6515

Hi John,
Welcome to the boards, we need more players in this game. I look forward to specs on your miners and more information on your business model.

Thanks Btceic!

More Specs will be coming out soon.
Our business model is fairly simple: we are going to produce and sell the best possible mining gear, with a well oiled supply chain.

John


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January 08, 2014, 09:36:50 AM
 #6516

^^^

I can't see the image the above user posted, but I'm guessing it's some sort of reference to the sexual preferences and proclivities of HashFast employees. I could be wrong though.

Anyways, back on topic. I made the mistake of assuming that HashFast's mailing address on the original invoice is correct, and now I'm starting to worry it will bounce back. Can anyone confirm whether the 100 Bush Street, Suite 650 is the now most current and accurate mailing address?

I've also e-mailed them my refund request, but something tells me they will simply ignore all refund requests asking for fair compensation. All requests from "customers" looking to bend over for them will surely be answered with prompt excitement.

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January 08, 2014, 09:50:48 AM
 #6517

^^^

I can't see the image the above user posted, but I'm guessing it's some sort of reference to the sexual preferences and proclivities of HashFast employees. I could be wrong though.



LOL!

--------------

I sure hope they do not go all BFLAVALON style on those asking for legit refunds. I can't imagine if they are serious about developing this business longer term they would make that mistake. Are they not shipping anything yet?

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January 08, 2014, 10:33:18 AM
 #6518

They knew they won't going to ship. They waited to see how clever there consumers going to be, and when they found out.
Well  let's just say they found the cash from somewhere
To fund the attorney.

_HashFast Technologies_28 nm mining
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January 08, 2014, 10:59:55 AM
 #6519

^^^

I can't see the image the above user posted, but I'm guessing it's some sort of reference to the sexual preferences and proclivities of HashFast employees. I could be wrong though.



LOL!

--------------

I sure hope they do not go all BFLAVALON style on those asking for legit refunds. I can't imagine if they are serious about developing this business longer term they would make that mistake. Are they not shipping anything yet?

Don't put Avalon together in a word with the unspeakable company please. They have been fair to me and many others, including full BTC refunds.
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January 08, 2014, 11:28:58 AM
 #6520

^^^

I can't see the image the above user posted, but I'm guessing it's some sort of reference to the sexual preferences and proclivities of HashFast employees. I could be wrong though.



LOL!

--------------

I sure hope they do not go all BFLAVALON style on those asking for legit refunds. I can't imagine if they are serious about developing this business longer term they would make that mistake. Are they not shipping anything yet?

Don't put Avalon together in a word with the unspeakable company please. They have been fair to me and many others, including full BTC refunds.
Thats what I recalled as well....


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