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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 880232 times)
Legend21
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February 07, 2014, 06:43:34 PM
 #8061

How long does Hashfast thinks to going to work like this. Only care about their own time,make thousand of bitcoins daily and cant even hire a callcenter to answer all the orders and reply emails??
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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defcon23
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February 07, 2014, 08:11:32 PM
 #8062

Has any one gotten their Upgrade order yet?

here ------->  


 Wink
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February 07, 2014, 09:40:23 PM
 #8063

Has any one gotten their Upgrade order yet?

here ------->  


 Wink


FUuuuuu
defcon23
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February 07, 2014, 09:53:55 PM
 #8064

.. as a gift for you ...  Grin  


( sorry... that's nervous..   Roll Eyes ;  hugs cedivad !  Wink )
cedivad
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February 07, 2014, 10:25:36 PM
 #8065

Lol, Hugs?  Grin

Thanks, I will pay back with a picture of 100 Bush Street.



This board needs some colours!

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
defcon23
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February 07, 2014, 10:49:00 PM
 #8066

 Grin   http://arstechnica.com/tech-policy/2014/02/new-lawsuit-against-bitcoin-miner-manufacturer-alleges-fraud-negligence/      Roll Eyes

... not  really a fresh news, but  .... so funky..  Cheesy

PuertoLibre
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February 07, 2014, 11:58:19 PM
 #8067

http://ia700702.us.archive.org/13/items/gov.uscourts.ksd.95395/gov.uscourts.ksd.95395.2.0.pdf

Whew, I liked the complaints. All pretty legitimate~! (and damning)
perezoso
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February 08, 2014, 09:04:05 AM
Last edit: February 08, 2014, 09:09:37 PM by perezoso
 #8068

Presenting Scrotum and Eddie's Hashfast Miner Protection Program (tm):



Any questions?
The HashFast Consumer Information and Service Center Program will be open from 3:00-3:01AM daily.  Please personally appear at our Customer Service Center conveniently located in downtown Tristan da Cunha.  Phone calls, e-mail, and other requests for information will not be honored.  Thank you for your investment.
cedivad
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February 08, 2014, 09:43:49 AM
 #8069

It looks like that facebook nowadays is the only one where they are saying something.

https://www.facebook.com/photo.php?fbid=508095295974088&set=pb.409707502479535.-2207520000.1391852537.&type=3&theater



So, who believes that it was a power outage? (rather than the RPi freezing, something that everyone in the BJ thread complains of?)

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
Micky25
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February 08, 2014, 01:00:39 PM
 #8070

whats hashing there? Our MPP?
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February 08, 2014, 05:26:45 PM
 #8071

It looks like that facebook nowadays is the only one where they are saying something.

https://www.facebook.com/photo.php?fbid=508095295974088&set=pb.409707502479535.-2207520000.1391852537.&type=3&theater

https://scontent-a-vie.xx.fbcdn.net/hphotos-frc3/l/t31/1781032_508095295974088_1685591167_o.png

So, who believes that it was a power outage? (rather than the RPi freezing, something that everyone in the BJ thread complains of?)

I'm surprised the have a presence anywhere where people are able to leave comments...
ninjarobot
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February 09, 2014, 03:58:31 AM
Last edit: February 09, 2014, 04:16:21 AM by ninjarobot
 #8072

Quote
At HashFast, we understand that healthy, prosperous customers make for a healthy and prosperous company. We know that our customers are concerned about the rapid growth of the network hashrate – and we stand by our customers. We designed our silicon so efficiently per square mm, that we are able offer you this protection.

If the Bitcoin network hashrate increases so that your Baby Jet doesn’t generate more Bitcoins in ninety days than you paid for it, HashFast will give you additional ASICs. In fact, we will give you up to 400% more hashing capacity than the Baby Jet you purchased. Yes, that does mean that if you don’t make your money back in 90 days, we will increase your mining capacity to up to 2 Terahashes!

Example – You buy a Baby Jet for 50 BTC, and we ship it on October 25th.  January 23, 2014 comes and goes, and it turns out that at the Baby Jet’s nominal hashrate, it would only have generated 25 BTC during that 90 day period.  Calculated out, it would have taken an additional 400 Ghash/s of capacity shipped with your Baby Jet on October 25, 2013 to generate 50 BTC. We can’t go back in time to give you that 400Ghash/s. Instead, HashFast will double that and give you 800 Ghash/s in additional capacity. In this example, HashFast will give you two additional Golden Nonce ASICs, each with 400 nominal GHash/s.

Quote
For those of you covered under the Miner Protection Program™ (https://hashfast.com/miner-protection-program/), this delay will not affect the starting point from which benefits are calculated. For First Batch Baby Jets, the start date of the program will be retroactive to October 30th. We want to make sure a delayed ship date does not reduce the value of the program.

Dear HashFast. I know it is much to ask and that Batch 1 customers are wholly undeserving of your attention. But how about that MPP... You know miner protection and all that jazz?

Here is my calculation:

  • Bought 1 BJ on Aug 8 2013 @ 60 BTC.
  • MPP kicked in on Oct 30 2013.
  • BJ shipped on Jan 24 2014
  • Total BTC generated during 90 day period: 0.382
  • Hashrate needed to ROI: haha. yeah. don't get me started.
  • January 29 came.. and went... *crickets*

Even 4x modules are not going to make a difference at this point. But it is the principle that counts.

HF beggared Batch 1 customers and beggars can't be choosers. So please kind sir can you spare a module?



Best, your most grateful customer.
RickJamesBTC
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February 09, 2014, 04:15:09 AM
 #8073

Quote
At HashFast, we understand that healthy, prosperous customers make for a healthy and prosperous company. We know that our customers are concerned about the rapid growth of the network hashrate – and we stand by our customers. We designed our silicon so efficiently per square mm, that we are able offer you this protection.

If the Bitcoin network hashrate increases so that your Baby Jet doesn’t generate more Bitcoins in ninety days than you paid for it, HashFast will give you additional ASICs. In fact, we will give you up to 400% more hashing capacity than the Baby Jet you purchased. Yes, that does mean that if you don’t make your money back in 90 days, we will increase your mining capacity to up to 2 Terahashes!

Example – You buy a Baby Jet for 50 BTC, and we ship it on October 25th.  January 23, 2014 comes and goes, and it turns out that at the Baby Jet’s nominal hashrate, it would only have generated 25 BTC during that 90 day period.  Calculated out, it would have taken an additional 400 Ghash/s of capacity shipped with your Baby Jet on October 25, 2013 to generate 50 BTC. We can’t go back in time to give you that 400Ghash/s. Instead, HashFast will double that and give you 800 Ghash/s in additional capacity. In this example, HashFast will give you two additional Golden Nonce ASICs, each with 400 nominal GHash/s.

Quote
For those of you covered under the Miner Protection Program™ (https://hashfast.com/miner-protection-program/), this delay will not affect the starting point from which benefits are calculated. For First Batch Baby Jets, the start date of the program will be retroactive to October 30th. We want to make sure a delayed ship date does not reduce the value of the program.

Dear HashFast. I know it is much to ask and that Batch 1 customers are wholly undeserving of your attention. But how about that MPP... You know miner protection and all that jazz?

Here is my calculation:

  • Bought 1 BJ on Aug 8 2013 @ 60 BTC.
  • MPP kicked in on Oct 30 2013.
  • BJ shipped on Jan 24 2014
  • Total BTC generated during 90 day period: 0.382
  • Hashrate needed to ROI: haha. yeah. don't get me started.
  • January 29 came.. and went... *crickets*

Even 4x modules are not going to make a difference at this point. But it is the principle that counts.

HF beggared Batch 1 customers and beggars can't be choosers. So please kind sir can you spare a module?



Best, your customer.

You don't want to calculate it out? I think it's around 12 TH Smiley
itod
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February 09, 2014, 11:44:22 AM
 #8074

Dear HashFast. I know it is much to ask and that Batch 1 customers are wholly undeserving of your attention. But how about that MPP... You know miner protection and all that jazz?

Here is my calculation:

  • Bought 1 BJ on Aug 8 2013 @ 60 BTC.
  • MPP kicked in on Oct 30 2013.
  • BJ shipped on Jan 24 2014
  • Total BTC generated during 90 day period: 0.382
  • Hashrate needed to ROI: haha. yeah. don't get me started.
  • January 29 came.. and went... *crickets*

Even 4x modules are not going to make a difference at this point. But it is the principle that counts.

HF beggared Batch 1 customers and beggars can't be choosers. So please kind sir can you spare a module?

How come there are no law suits for MPP yet? Or they can send them whenever they see fit, by the end of the year for instance?
minerpumpkin
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February 09, 2014, 02:24:33 PM
 #8075

I want to make a collection of all the fake addresses OR all the addresses with "bad" information. (such as the previous one with a wrong zip code.)

Here are all the addresses I have from HashFast:

HF address on my Aug 8 invoice:

...
...
...
...

Maybe we should call them MoveFast *waitsForLaughter*

I should have gotten into Bitcoin back in 1992...
cedivad
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February 09, 2014, 02:43:17 PM
 #8076

How come there are no law suits for MPP yet? Or they can send them whenever they see fit, by the end of the year for instance?
There are so many things we can destroy them on that we will start from the most simple ones and go on and on as they try to build their useless defences.

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
af_newbie
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February 09, 2014, 04:37:41 PM
 #8077


Dear HashFast. I know it is much to ask and that Batch 1 customers are wholly undeserving of your attention. But how about that MPP... You know miner protection and all that jazz?

  • Total BTC generated during 90 day period: 0.382

Best, your most grateful customer.

How this MPP supposed to work?  The more hashing you provide to customers the more MPP is needed, the more hashing power is required to meet MPP, the more MPP is needed.
Total BS.  Would never work.

The key to HashFast products is to sell them fast.

Legend21
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February 09, 2014, 09:02:31 PM
 #8078

I feel very sorry for the batch 1 customers, if i was one of the batch 1 , i would be crazy and of course sue them, per batch 1 customer order for 60 btc is almost losing ten thousand of euro's. damn fcking Hashfast, fcking steal money. and still no fckin refund so far
cedivad
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February 09, 2014, 09:22:27 PM
Last edit: February 09, 2014, 09:34:49 PM by cedivad
 #8079

HF took the time to reply.

Quote
To clarify, this customer experienced a power outage due to a storm.

I had to "Like".

* Can someone prove that there were no storms in the US that caused power outages the 7th of February?
* It's also lovely how that unit has become a "customer" unit. Nice customer sharing graphs and specifying that they had a storm that caused a blackout.

I guess that this is what happens when the suggestions of Adam Ettinger are ignored?

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
joshv06
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February 09, 2014, 11:37:38 PM
 #8080

When will we get our upgrades? Has anyone gotten a response?

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