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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875084 times)
ImI
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January 14, 2014, 02:48:23 PM
 #6981

So just please stop buying bitfury stuff!

Thats nonsense. Bitfury makes the chips, once they ship and get assembled on boards elsewhere, while running opensource mining software, bitfury no longer controls anything. He just counts his money, money thats well deserved. You might argue against buying hashrate at cex.io, but buying bitfury hardware is no threat to anyone. Even on the contrary Id say, any bitfury rig in the hands of individual miners is a protection against some dark entity taking control over the network. So buy more bitfury's Smiley

I hope you read this before mighty gmaxwell will come and more these OT posts because he is doing such a great job now, but not when there were tons of BFL threads with tons of OT stuff.

Bitfury sells his chips way way overpriced. With the money he is making from chips he is making for himself 3x or 5x more chips for his farm. People buying bitfury miners puts money in bitfury's pockets and also in the hardware seller's ones. So it's a lose lose. I imagine that for every 400Gh kit that bitfury/hardware maker sells then bitfury is adding ~1.2Th for himself (of course this number isn't backed by anything, but the point stands. it might be 400GH for himself or 800GH for himself or maybe 1.6Th). Bitfury was selling bare chips for 30$ a chip or maybe more. What's the cost of that chip? 1$? You do the math from there.

+ 1
Every miner manufacture is building their own mining farms. Eventually most the network share will belong to the few entities. They compete with their own customers and being the suppliers they have the upper hand. They priced their products based on their better projected future hashrate of the network.  Their customers in the mean while are just shooting in the dark.

This is alot more serious than many can think of. Greed is the biggest weapon to human race.

Greed is the biggest weapon AND is one of the biggest stimulation to human race.
"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless." -- Satoshi
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PuertoLibre
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January 14, 2014, 03:19:20 PM
 #6982

Check or product???  Sleep Well Huh

I used the door tag to track the package and just like I thought, it originated in San Francisco.

It's a FedEx Envelope...

I'm beginning to wonder if they are shipping to those customers that paid direct BTC payments without going through Bitpay.  It would make sense for them to try to payoff those that had the best chance of winning arbitration.

That would be a good working theory... I only got a forced refund on my later direct btc order rather than my very early bitpay order (so far). 

Did you ask for a refund (in any form)?

I was frankly excited at first thinking it was the miner since I hadn't any contact with the company.  When the FedEx guy came back with an envelope, I knew it was not going to be good.  Then I felt like an idiot for rushing to the FedEx office thinking I was going to be mining tonight to start digging out from the hole.
Can someone draw up a basic letter for folks to use if they are receiving unsolicited USD refunds/or a settlement offer that refutes the return of BTC property?

It's probably time to send them notice that their settlement offer is "refused".


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January 14, 2014, 04:01:08 PM
 #6983

At some point when you see "hey, if they actually stick to everything they promise, i literally cannot lose money in 99.99% of situations and will make massive profit" you are supposed to realize you are being scammed and dealing with liars who will fuck you over

To be fair, a lot of people have been burned on this and it's been going on for over a year now

* BFL
* Avalon Chips
* Hashfast
* Other's i'm probably overlooking

Satoshi's oversight was chosing a PoW algorithm that could be effectively ASIC'd for several orders of magnitude increase in hash rate and power efficency which nessiciarily centralizes all power, profit and leverage into the hands of less than a few dozen human beings on the planet.  If everything were to start from nothing the objectively far superior solution would be a GPU-targeted algo like scrypt which decouples the hardware manufacturer.

One man, one fucking person, one russian, now controls like 30%+ of the network (GHash.io/Cex.io) because he alone had an effective 65nm ASIC and HE ALONE had an essentially unlimited ability to make more money printing machines that only him and a dozen other people on the planet could compete with on terms of marginal cost/hash rate.

That's because people are willing to throw money at him blindly for his overprices miners/chips and even now when they know this they keep throwing money at him. Because people don't think, they just act. So just please stop buying bitfury stuff!

Or just buy GPUS instead from reputable manufactures.. right off the shelf.. imagine that, decide to buy and product. click click at your door the next day..

I am not going to say what to do with the gpus... because apparently your posts get deleted for that...



1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
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January 14, 2014, 05:23:55 PM
 #6984

I got back a check from hashfast from the silicon valley bank for the USD price + 5%
I hope you fight back and win, this is a clear, textbook fraud. Those fuckers need to be put to an end.

Yeah, these fuckers do need to be put to end.

But informational question:  I paid in USD and am in the US.  I did not request a refund and have not received one.  Is there anybody out there that paid in USD that has received a "forced refund" check?

dbbit
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January 14, 2014, 06:11:00 PM
 #6985

But informational question:  I paid in USD and am in the US.  I did not request a refund and have not received one.  Is there anybody out there that paid in USD that has received a "forced refund" check?

Close - I paid in USD and am in the US as well. I requested a refund but did not receive one (yet).

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January 14, 2014, 06:18:14 PM
 #6986

This is a really interesting detail.

They are trying to buy people who bought with BTC because they have that liability, but they don't give a duck about people who bought via USD, while i was supposing that they tried to reimburse them as well to have the hardware for themselves and not have to ship it. So it means that they are not gonna ship anytime soon.

At least following this line of tough.

Ready and happy to be proved wrong.

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
augustocroppo
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January 14, 2014, 07:28:49 PM
 #6987

Just received a USD refund letter + check in response to my original full BTC payment refund request on Nov 10 and Jan 2:

http://i.imgur.com/BMRKKs5.jpg?1

For reference, my refund request is here

I did not fill out their USD refund & release form and did not request this. Getting so tired of these games.

Wow, they are shameless engaging in deceptive practices. Notice they failed to provide you with an explanation about the exchange rate used to pay the order, completely ignoring  their own argumentation that every customer merely used BTC to pay for a product priced in USD.
greenbtc
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January 14, 2014, 07:28:57 PM
 #6988

Is this thread being pruned? I saw a bunch of posts just disappear...

One linked this:

http://bitcoingraders.com/product/wholesale-mining-motherboards-wasic-chip/?added-to-cart=35
ASIC-K
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January 14, 2014, 07:31:19 PM
 #6989

Is this thread being pruned? I saw a bunch of posts just disappear...

One linked this:

http://bitcoingraders.com/product/wholesale-mining-motherboards-wasic-chip/?added-to-cart=35

yup, its being pruned.
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January 14, 2014, 07:32:23 PM
 #6990

This is a really interesting detail.

They are trying to buy people who bought with BTC because they have that liability, but they don't give a duck about people who bought via USD, while i was supposing that they tried to reimburse them as well to have the hardware for themselves and not have to ship it. So it means that they are not gonna ship anytime soon.

At least following this line of tough.

Ready and happy to be proved wrong.
I actually think their lawyer probably advised them to settle those BTC cases with checks.

I figure they thought people would be stupid enough to go out and cash it right away without a second thought. (Hey, it was worth a shot right?)

The bigger question is whether they even intend to honor the MPP. If not, then you can probably go to court and show definitively they are acting in "bad faith". Which means, that no matter how innocent your purchase was, they had no intention to actually perform. If you can prove that much, you stand a good chance of opening pandoras box on their TOA and your BTC.

The businessweek article citing facts is a good indication they intentionally used customer funds in their development of the product. Something that I don't think any individuals openly agreed to. They only agreed to a retail purchase of a product as far as I can see.

If they bail on even the MPP that [some] customers still want, there is a good chance you can break down any argument that they acted "in good faith".

One word: Clusterfuck!


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live product with market traction!
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Minor Miner
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January 14, 2014, 07:32:38 PM
 #6991

Is this thread being pruned? I saw a bunch of posts just disappear...
One linked this:
http://bitcoingraders.com/product/wholesale-mining-motherboards-wasic-chip/?added-to-cart=35
It should be deleted.   What is the relevance of a two post troll coming on here and spreading FUD and then constantly posting this scam site?
Why don't you order one and post some pics when it 'arrives'?

edgie13
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January 14, 2014, 07:34:07 PM
 #6992

Is this thread being pruned? I saw a bunch of posts just disappear...

One linked this:

http://bitcoingraders.com/product/wholesale-mining-motherboards-wasic-chip/?added-to-cart=35

yup, its being pruned.
Why?

BTC Scotch fund: 1GFZos2WGknCeVgDtjpHwo3jeJ4tSLVrXS
cedivad
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January 14, 2014, 07:34:42 PM
 #6993

I used the "report to a moderator button for that post that only included that link, since that it's the second time that it's linked, he tried to advertise it via PM to me as well, etc.

So it's 99% a poor level scam.

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
augustocroppo
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January 14, 2014, 07:36:21 PM
 #6994


I got the same letter and refund check...

Want to know the kicker?

I never filled out a refund request (in any form).

They are FORCING REFUNDS for batch1.

Expect your letter whether you want it or not.  We now get to enjoy the forced 90% loss of investment plus the tax hit.

They are creating evidence for the legal retaliation. They will use that to argument in court they were complying with the FTC rules.
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January 14, 2014, 07:39:03 PM
 #6995

They will use that to argument in court they were complying with the FTC rules.
You mean, like they did in October, right? Cheesy

They don't stand a chance and they know it. Maybe i should offer them a 5% discount if they decide to settle their debit before the arbitration. 5%, got it? Cheesy

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
frank93
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January 14, 2014, 07:39:20 PM
 #6996

today while browsing through "@hasfast"-mentions on twitter, i noticed this one guy, asking for support from hashfast and including his bugtracker-id in one of his tweets. which automatically puts all of his conversation publicly online (his fault, kind of, but something tells me at least that this is not the way you should setup a bugtracker) .. well.

but the interesting bits are:

a) in here hashfast actually confirms one of their postal addresses (the one in san jose);

b) there ARE people, apparently, who order more hardware from hashfast even in january of 2014 (last week, actually);

c) here's an order-confirmation (linked pdf) for a babyjet (batch 1) with a delivery deadline of january 31st (!) mentioned - this is the first time i'm seeing one of those. bottom of page 1. though in the attached terms of sale on page 2 this is contradicted by a delivery deadline on december 31st (as we all know), so ..

(this keeps getting .. weirder. funnier. sadder. is that even a word? ah, whatever. i propose "it keeps getting hashfaster" as a new term. describing something that's so stupid and dumb and sad at the same time that there's no other word to say it.)
Gandalfs Mentor
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January 14, 2014, 07:39:54 PM
 #6997

Minor Minor,

Fud is inappropriate;  please reread the thread as this holds relevance.

I am not a reseller; this post was proof of theory detailed previously.

Further I have attempted to follow up on its factuality both with hf and via dispatching an associate there to get one... in process


Edit:  Refer to post #7047
Minor Miner
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January 14, 2014, 07:41:31 PM
 #6998

Minor Minor,
Fud is inappropriate;  please reread the thread as this holds relevance.
I am not a reseller; this post was proof of theory detailed previously.
Further I have attempted to follow up on its factuality both with hf and via dispatching an associate there to get one... in process

Post the address and I will get one (or dispel it as a scam today).

greenbtc
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January 14, 2014, 07:42:42 PM
 #6999

Is this thread being pruned? I saw a bunch of posts just disappear...
One linked this:
http://bitcoingraders.com/product/wholesale-mining-motherboards-wasic-chip/?added-to-cart=35
It should be deleted.   What is the relevance of a two post troll coming on here and spreading FUD and then constantly posting this scam site?
Why don't you order one and post some pics when it 'arrives'?

No offense, but I like to see all the facts, trolls or not, and I like to use my own brain to determine what is and what isn't real--so someone deleting and covering up their tracks is certainly misleading and misinforming (even if it was misinformation in the first place). I'll leave you to your own "logic" though.
dropt
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January 14, 2014, 07:55:10 PM
 #7000

Minor Minor,
Fud is inappropriate;  please reread the thread as this holds relevance.
I am not a reseller; this post was proof of theory detailed previously.
Further I have attempted to follow up on its factuality both with hf and via dispatching an associate there to get one... in process

Post the address and I will get one (or dispel it as a scam today).

1120 Ellwood Road Southwest
Edmonton, Alberta T5M 0N4

Phone: 1-780-404-4013
TF:       1-(888) 808-7696

Are you in/near Edmonton?
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