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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 864197 times)
dhenson
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January 16, 2014, 06:40:43 AM
 #7161

Count me in on standing with whoever wants to take Hashfast to court for screwing us over with their scam. I want my 57BTC back.

If you want in on the mass action, simply email rgallo@gallo-law.com with your personal info and order confirmation.
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RickJamesBTC
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January 16, 2014, 07:51:47 AM
 #7162

I still don't believe the arbitration clause in the purchase agreement will hold any water. It's not done right, and without ever shipping you a product, they have not fulfilled the basic premise of the purchase agreement. Forget arbitration, sue them in every court you can.
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January 16, 2014, 08:45:21 AM
 #7163

So, my unsolicited attempted buyout arrived, FedEx was able to find/google/call me even though that thing was sent to a nonexisting street adress (yes, in fact: "650 Castro St", located here in Berlin/Germany).

As From-address they listed:

Refunds@Hashfast.com
100 Bush Street
San Francisco, CA 94104
USA

(So this seems to be "the" confirmed address of them, btw.)
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January 16, 2014, 09:00:10 AM
 #7164

Not to defend HF, but Im slightly surprised about the legal steps being taken against them if you consider that to my knowledge, no one has taken BFL to court yet. And that is despite BFL not offering any refunds whatsoever, and being way later than HF. Being "only" a month late (so far and if you consider the ToS instead of the sales pitch) and being offered full USD refunds is something BFL victims can only dream off.
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January 16, 2014, 09:02:44 AM
 #7165

Not to defend HF, but Im slightly surprised about the legal steps being taken against them if you consider that to my knowledge, no one has taken BFL to court yet. And that is despite BFL not offering any refunds whatsoever, and being way later than HF. Being "only" a month late (so far) and being offered full USD refunds is something BFL victims can only dream off.

HF stated clear delivery dates and made various promisses (like full BTC refunds) that BFL never did.
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January 16, 2014, 09:04:50 AM
 #7166

Sure, but the laws concerning refunds for unshipped products applies to BFL equally and many BFL customers will have lost a far larger part of their investment than any HF customer, assuming the latter starts shipping soon.
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January 16, 2014, 09:15:58 AM
 #7167

Sure, but the laws concerning refunds for unshipped products applies to BFL equally and many BFL customers will have lost a far larger part of their investment than any HF customer, assuming the latter starts shipping soon.

Given what has happened with BFL most likely precipitates what is going on with HashFast as well as other companies that fail to uphold their contracts. There are probably many former BFL now HF customers holding the HashFast CEO and others to their word. Neither frankly seem to understand basic ethics given what has been posted irregardless of the time it took to devolve. Also note they are FORCING refunds in an effort to do what exactly? It seems they are trying to lock people into taking USD in exchange for their BTC and that was not the deal as clearly stated here in this thread by many rightfully upset customers. The deal and I read it as well was that you got BTC for BTC... I can't believe they are actually going to try and screw over people. Sickening.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
cedivad
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January 16, 2014, 10:44:17 AM
 #7168

I'm just going to add another thing to the discussion.

The MPP. If they delivered the MPP __before__ the end of the month, to batch 1 customers, along with the original order, exactly like they said that maybe they would have done, they would kill the majority of the liabilities they are facing, because batch 1 customers would be looking at an almost acceptable loss, it being 50%. Gallo will be taking 40% of what he is able to recover. That would for example instantaneously kill all of the claim of his customers, that could be in the million(s?) dollar range.

I personally wouldn't accept it, because they are scammer and all, i would need some real guarantees. But it could be as simple as that.

They are real idiots if they think that ignoring us and sending us USD refunds instead of the promised hardware or the promised refund will save them. And they are real idiots again if they think that trying to kill the company will stop us.

I've spent months saying this, i've spent months being pointed at like the one that makes things up, "you are not even gonna pay for the lawyer, come on". Now i will spend months making shit real for HF.

Because it's just the right thing to do.

It's the 16th of January here. They didn't even tried to contact my lawyer, a possibility that i was rating at 5%. Let's see how they ignore me during the next steps.

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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January 16, 2014, 10:55:29 AM
 #7169

So guys, Re: What does Several means:



We are very happy with the tech though, it is very impressive and works well.
That's all I have for now, I will keep feeding you guys more information as it comes in Smiley
//DeaDTerra

4 sierras, working, and at least 8 empty racks waiting to be filled.

So i think that we can now start to believe that HF has the hardware ready to go. And that maybe they could have something to do with the last difficulty increase. And that maybe it means that they are mining 1000 BTC per day, and it's a good enough reason not to give a duck about your customers anymore. Yet, the penal side of things will make them act straight, instead of keeping the hardware for themselves and issue USD refunds to everyone (but maybe they could do it with batch 4).

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 16, 2014, 10:57:23 AM
 #7170

Quote
Not to defend HF, but Im slightly surprised about the legal steps being taken against them if you consider that to my knowledge, no one has taken BFL to court yet.


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Searing
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January 16, 2014, 11:55:08 AM
 #7171

Quote
Not to defend HF, but Im slightly surprised about the legal steps being taken against them if you consider that to my knowledge, no one has taken BFL to court yet.


https://bitcointalk.org/index.php?topic=394015.0

lots of folks have taken bfl to court and won in small claims etc..but enforcement is not there mainly because FTC and the law treats BFL products like a consumer product if you get it even 1 year late..the enforcement types are like "why are you bothering us"

also why no lawyer will YET take a class action suit...they sent a product....

so they are using this loophole in enforcement..bfl that is to slide

don't have any HF myself but looks like the same road if they are sending refunds back w/o notice in usd to you guys

anyway...i went thru it all and got no place with bfl and ftc/paypal executive board/county attorney/BBB (no power but sympathetic) etc

if i'm wrong point me someplace..but if you GET an item at least from BFL even 1 year late...tough......they seem only interested in true vaporware scams

as far as an 'evil genius plan goes it seems flawless....hopefully HF will not go down this road.....)

wish you all the best of luck been there it sucks

Searing

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January 16, 2014, 02:12:44 PM
 #7172

Not to defend HF, but Im slightly surprised about the legal steps being taken against them if you consider that to my knowledge, no one has taken BFL to court yet. And that is despite BFL not offering any refunds whatsoever, and being way later than HF. Being "only" a month late (so far and if you consider the ToS instead of the sales pitch) and being offered full USD refunds is something BFL victims can only dream off.

1. At least one person has taken BFL to court and won a default judgment against them because they failed to show up to the trial. I've verified via a court records search that the below linked Reddit story is accurate

http://www.reddit.com/r/Bitcoin/comments/1u4v0o/i_sued_bfl_in_kansas_jurisdiction_and_won/

2. BFL accepted payment via paypal and similar forms which have a dispute resolution process.  This provided a recourse for customers to get their payment back w/o having to resort to the courts.

I'm not going to comment on your assertions about HF except to say that I don't think you have a full understanding of the facts.

Gigampz: Adapter Boards for Server Power Supplies 50% cheaper than ATX power supplies.  DPS-800GBA, DPS-1200FBA, Common Slot, CRPS, DPS-1200TBA, DPS-2000bb, Dell z750p
RoadStress
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January 16, 2014, 02:55:33 PM
 #7173

Not to defend HF, but Im slightly surprised about the legal steps being taken against them if you consider that to my knowledge, no one has taken BFL to court yet. And that is despite BFL not offering any refunds whatsoever, and being way later than HF. Being "only" a month late (so far and if you consider the ToS instead of the sales pitch) and being offered full USD refunds is something BFL victims can only dream off.

Maybe it's because BFL had a lot of customers that invested a small amount of money compared to HF who has less people who invested a large amount of money. BFL customers can accept a small loss while HF ones can't accept a big loss.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
jspielberg
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January 16, 2014, 02:56:33 PM
 #7174

I'm just going to add another thing to the discussion.

The MPP. If they delivered the MPP __before__ the end of the month, to batch 1 customers, along with the original order, exactly like they said that maybe they would have done, they would kill the majority of the liabilities they are facing, because batch 1 customers would be looking at an almost acceptable loss, it being 50%. Gallo will be taking 40% of what he is able to recover. That would for example instantaneously kill all of the claim of his customers, that could be in the million(s?) dollar range.

The loss is closer to +60%.. but that is better than the 90%+tax hit we are looking at now with the current situation. 

https://docs.google.com/spreadsheet/ccc?key=0Auya3iRE6az1dGtKTGZDXzVDeFVjbHl3VmNsT216dHc&usp=sharing

To get to a 50% loss, they would need to provide the initial order + MPP + refund by Jan. 28th.  I think most folks would accept that 50% loss as acceptable.

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January 16, 2014, 03:04:29 PM
 #7175

I've calculated the 50% loss basing on a 5 board delivery per BJ and an hashrate per board of 550GH/s (and an avg of 90%/month of difficulty increases, the default now at mining.tgb)
However since that HF should start shipping sometime like today for that to happen, we are talking about dreams.

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
Ilan1
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January 16, 2014, 03:27:23 PM
 #7176

Hello Erin,

Please can you confirm if my case 6615, order 3951 will be refunded?

When can I expect to receive the money by?

I have sent a few emails already asking these same questions, I know you are busy but I would appreciate a reply.

Thank you

Kind regards

Ilan


On 13 Jan 2014, at 21:47, "HashFast Refunds" <refunds@hashfast.com> wrote:

Good Afternoon,

We have received your request.

Sincerely,

Erin

Customer Service Manager

--
HashFast Refunds
refunds@hashfast.com
---------------------------------------------------------------------------
Check out the latest from HashFast twitter.com/hashfast

-----Original Message-----

Date: Sun, 12 Jan 2014 20:14:10 -0000
To: refunds@hashfast.com
Subject: REFUND REQUEST AND RELEASE FORM ORDER #3951

Dear Madam / Sir,

Please find attached a 'revised' Refund and Release request form for your attention.

I understand that I am a batch 4 customer and as such according to your Terms and Conditions do not qualify for a refund until after 31st March 2014. However given recent events concerning delayed Batch 1 BabyJet shipments etc. I am kindly requesting that you also agree to refund my order as a batch 4 customer.

I fully appreciate that this would be granted purely on a "goodwill basis", however please understand that since the ongoing shipping delays have occurred I have lost a great deal of confidence in your company.

I am also somewhat concerned about all of the bad publicity your are receiving and the pending lawsuits that are imminent with respect to Bitcoin refunds to Batch 1 customers.

I am naturally worried about what the implications would be if Hashfast were to lose these legal battles with your Batch 1 customers, and what that would mean for Hashfast and its remaining customers.

Please understand that I never intended to request a refund and I sincerely wanted the product I ordered (and still do) however I can not simply ignore what has happened since ordering on Dec 11th 2013.

Therefore please kindly consider my application for a refund and I would appreciate it if you could process my attached refund request ASAP.

I have amended your form to reflect my refund request as a Batch 4 customer, and I trust my revisions to your form are all in order.

I hope this emails reaches you well, as I have attempted to contact you over the last 2 weeks, sending emails, phone calls and written letters but I have yet to receive a response.

I am sure you are extremely busy trying to fulfil batch 1 orders in time for your next promised deadline, however I would appreciate it if you could also find the time to review and respond to my refund request.

I hope to hear from you soon.

Yours sincerely

Ilan

LTCgear.com Review http://ltcgear.co.ukhttp://ltcgear.com/?apage=120 - 160mh/s for $850 use coupon code "anniversary1yr" - Active Multi Algorithm cloud mining in Scrypt, X11 and Scrypt-N - ROI in 5 Weeks
cedivad
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January 16, 2014, 03:33:13 PM
 #7177

Unrelated but related:
http://www.butterflylabs.com/bitcoin-hardware-wallet/


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
novello
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January 16, 2014, 03:34:16 PM
 #7178

I've calculated the 50% loss basing on a 5 board delivery per BJ and an hashrate per board of 550GH/s (and an avg of 90%/month of difficulty increases, the default now at mining.tgb)
However since that HF should start shipping sometime like today for that to happen, we are talking about dreams.

Hi, I'm not from the US and so I don't know how close their company law is to it's UK equivalent. but I think that your chances of getting any 'consequential' damages out of them, ie losses you think you have incurred as a result of their non delivery of your rig, are next to zero. Most courts wouldn't consider such a claim unless there were very specific clauses in the purchase agreement (like the ones for Boeing's Dreamliner from the airlines).

For anyone that paid in Bitcoins, there's another complication as bitcoin isn't recognised as a currency (yet) so a court might not actually recognise that a 'legal' payment had taken place, unless you got a confirmation that your order had been received and that the full amount due in US dollars, not bitcoin, had been paid.

Has anyone actually received a rig yet?

miaviator
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January 16, 2014, 03:43:31 PM
 #7179


Really? Now they are asking customers to just straight up give them direct access to their wallets.  I suppose it would save a lot of time and effort in donating to BFL.

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January 16, 2014, 03:48:12 PM
 #7180

Really? Now they are asking customers to just straight up give them direct access to their wallets.  I suppose it would save a lot of time and effort in donating to BFL.

Hardware Wallet Protection Plan (HWPM): you will get the USD eq back if your wallet gets hacked, in a non better defined moment in the future (but after the first of February 2014 (that email if someone remembers it)) and only if the BTC price goes up 10 times in the meanwhile.

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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