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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 864193 times)
ninjarobot
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March 08, 2014, 06:59:41 AM
 #8381

Update: My post just got deleted by HF on the other thread so reposting here.

I’d like to address some of that statements HF made in the response to my customer complaint @ http://hashfast.org/HashFast_consumer_complaint_response.pdf



Code:
Complainant pre-ordered his Baby Jet unit in order to secure his status as a “Batch 1” customer,
meaning he would receive a unit from HashFast’s first batch of production.
All HashFast Batch 1 customers were offered a final shipment deadline of December 31, 2013.

I did pre-order a Batch 1 BJ stated as ‘in-stock’ and ‘Shipping Oct 20-30’ on the HashFast order site. The December 31st deadline was not part of the Terms of Sale I agreed to at the time of the sale. Nor did it appear on my BitPay and HashFast order receipts. The final shipment deadline was added after the fact. It was added to the 'order confirmation' that I receive a week after I completed the transaction.

Aug 9 ToS:
http://pastebin.com/EfS9vmRf

References:
https://bitcointalk.org/index.php?topic=299193.msg3209063#msg3209063
https://bitcointalk.org/index.php?topic=270384.msg2949502#msg2949502
https://bitcointalk.org/index.php?topic=262052.msg3405970#msg3405970



Code:
Complainant alleges that the only option HashFast gave it’s customers to pay for its products was in Bitcoin.
In reality, besides Bitcoin, HashFast accepted (and still accepts) most traditional methods of payment such as checks and wire-transfers,
and Complainant was free to pay for his equipment by these means if he so chose.
It was not until online purchasers made it all the way to the “checkout” page that they were
offered the additional option of paying in Bitcoin, in addition to payment in USD.
HashFast accepted payment in Bitcoin as a convenience to its customers.

At the time of my order (Aug 9), payment in Bitcoin via BitPay was the only payment option available to me on the website. It was only after the widget broke that HashFast accepted alternative methods of payment.

- Shipments begin: October 20th-30th, in order of purchase
 - Payments to be made in BTC with the help of BitPay

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

Quote
Quote
Please add CC payments
no, they want only those committed to leaving their BTC with HashFast until the end of the year.  if they fail to deliver, they have said they will give full refunds in BTC.

Reference: https://bitcointalk.org/index.php?topic=270363.msg2894478#msg2894478



Code:
HashFast never made any promises to Complainant that the Bitcoin he used to purchase equipment would be refunded 1:1,
nor do the ToS state that a 1:1 Bitcoin refund would be given. In fact, the absence of any such promise is not coincidental
as the price of Bitcoin has been volatile since its creation in 2009, subject to sharp appreciations and precipitous depreciations in value.
As such, Bitcoin is a fluctuating virtual currency. It is not a standardized unit of value.

Apart from the promises made as such by Simon Barber, Cypherdoc (paid sponsor and member of the board) and Cara?

Quote
if you buy Baby Jet for 51 BitCoins today and it does not ship, you will be refunded the 51 BitCoins you paid.
-Cara

In fact, John Skrodenis from HashFast did make that promise to me in person during my visit to the HF office in SF on October 30.

Quote
Another topic was the possibility of refunds and John was pretty specific that if refunds do happen they will be full refunds in the currency the order was paid in (BTC in BTC, USD in USD). Please note that I have not requested a refund and have no plans to do so at this point.

Note that I sent notification of my post to HashFast by email directly asking for corrections if I made any mistakes or misinterpreted anything. HF responded that it looked fine over email and also quoted the post on this forum.

Reference: https://bitcointalk.org/index.php?topic=262052.msg3452898#msg3452898



Code:
Complainant suggests that HashFast said it would offer him a full 1:1 refund in Bitcoin.
In reality, HashFast’s order confirmations state that “If Buyer ordered one or more Baby Jet units,
and HashFast does not deliver such units by that date, then Buyer may at his or her discretion,
cancel the undelivered portion and HashFast will issue a full refund the payment for the units that Buyer purchased but did not receive and cancelled.”
Nowhere in the order confirmation, or the applicible ToS, does HashFast offer a 1:1 Bitcoin refund,
Rather, HashFast offered a full refund of “the payment for the units.”

The ToS/order confirmation states:

Quote
HashFast will issue a full refund the payment for the units that Buyer purchased but did not receive and cancelled.

But it also states (at least in my order confirmation):

Quote
HashFast Technologies has received your order and payment in BTC for 1 Baby Jets, shipping via Next Day Air Saver (UPS). Total BTC 59.7987

So the payment is clearly BTC based. Unless otherwise specified a full refund should mean a 1:1 return of the original payment.



Code:
Complainant lodged the instant complaint when the value of Bitcoin grew 800% above what he originally paid.
The price of Bitcoin now trades at over 500% of what it did when Complainant placed his order.
No doubt, Complainant would eagerly have accepted a USD refund and cried foul to a refund in Bitcoin if the price
of Bitcoin has dropped to 20% from the date of his purchase.

This is an unwarranted and untrue accusation of my character. In fact I have always been clear from the start that I expected refunds to be made in BTC and well before the value started to appreciate. For example on Aug 09 I wrote the following:

Quote
The Oct-Dec timeframe is when these miners will earn back the vast majority of the investment cost. If anything the Oct 20-30 shipping date is what justifies the high cost of this unit. Take that away and you might end up with an expensive heating element. I don't like it either but that is the reality of an exponentially increasing difficulty. One day it is pure gold, the next a lump of coal. When it comes to refunds - I expect those to be done in BTC not USD. You take orders in BTC, you refund orders in BTC.

And on Aug 11:
For every day HashFast misses their target shipping date, a partial automatic refund should be made based on what a 400 GH/s unit would have mined at the difficulty at that date.This would continue until either the refund is complete or the unit is delivered.

And on Aug 17:
Quote
I expect refunds to made in accordance to the Bitpay receipt of payment.

References:
https://bitcointalk.org/index.php?topic=270363.msg2901489#msg2901489
https://bitcointalk.org/index.php?topic=270384.msg2907958#msg2907958
https://bitcointalk.org/index.php?topic=270384.msg2949898#msg2949898

In addition, I filed a refund request within 10 days after HF defaulting on their advertised shipment date of October 30.
My refund request was ignored by HF and closed without response (see: http://i.imgur.com/qPrxhmE.png).
To say I was motivated by the USD value at the time of the complaint is baseless. If any party was motivated by the USD value it was HF as is apparent from their actions that are contrary to their earlier statements and terms.

I have already given up and accepted my losses. I'm making this post simply to set the record straight. I wish those that are taking legal action against HF all the best.
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March 08, 2014, 07:39:31 AM
 #8382

The HashLast flunkey just woke up and does his pathetic everyday duty again: deleting posts.

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
Even more unvelievable is that HashFast's Sierra EVO only uses 3 chips to get 2TH/s, while Cointerra's uses 4 and only gets ~1.6 (if you're lucky).
You know what is even more unbelievable than that? That I still haven't received HashLast products for which I paid in September 2013.
The only company in the world selling mining equipment that really hashes at 2TH/s is HashFast (hence our name).
This may be true, selling, but what about delivering? Anything? My Cointerra order, paid in November, arrived last week and hashes away happily since then. I still wait for HashLast products (hence the name).
You sound different since you're back. Are you IceDrill? Did they offer you faster delivery for some propaganda? Don't trust them, they tricked you before.
Quote
I did pre-order a Batch 1 BJ stated as ‘in-stock’ and ‘Shipping Oct 20-30’ on the HashFast order site. The December 31st deadline was not part of the Terms of Sale I agreed to at the time of the sale. Nor did it appear on my BitPay and HashFast order receipts. The final shipment deadline was added after the fact. It was added to the 'order confirmation' that I receive a week after I completed the transaction.
so did I, I never would have ordered if they had stated a later date. In-stock - my ass. Criminals.
Quote
I join this complaint. Mods, please ban this troll.
Quote
When posts fail to respect the OP ("HashFast announces specs for new ASIC: up to 800GH/s") they are off-topic and will be moderated.
You can't call for rules, your company doesn't have any.
Do you see how many posts in this thread are now from you? You call this a discussion? Why not delete the rest too? You can discuss your delusional crap undisturbed with yourself then.
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March 08, 2014, 10:24:55 AM
 #8383

Don't worry. HashTard can't delete messages here. So

True or False: HashFast failed to deliver on time and actually delivered 3 months later and screwed all of their customers?

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
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March 08, 2014, 10:33:10 AM
 #8384

Don't worry. HashTard can't delete messages here. So
True or False: HashFast failed to deliver on time and actually delivered 3 months later and screwed all of their customers?
Answer: HashFast Wiki.
Posted from asd, ref#KtLIiy7S2K1Oxq0a

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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March 08, 2014, 10:43:54 AM
 #8385

Don't worry. HashTard can't delete messages here. So

True or False: HashFast failed to deliver on time and actually delivered 3 months later and screwed all of their customers?

Failing to deliver is not their major sin. If they've only failed to deliver it would not be such a problem if they've issued refunds, like Avalon for instance. Failing to deliver *and* keeping customers money is a daylight robbery.
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March 08, 2014, 11:04:12 AM
 #8386

Don't worry. HashTard can't delete messages here. So

True or False: HashFast failed to deliver on time and actually delivered 3 months later and screwed all of their customers?

Failing to deliver is not their major sin. If they've only failed to deliver it would not be such a problem if they've issued refunds, like Avalon for instance. Failing to deliver *and* keeping customers money is a daylight robbery.

Failing to deliver *and* keeping customers money is a bold ass BFL shafting  Cheesy

"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
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March 08, 2014, 11:57:57 AM
 #8387

Don't worry. HashTard can't delete messages here. So

True or False: HashFast failed to deliver on time and actually delivered 3 months later and screwed all of their customers?

Failing to deliver is not their major sin. If they've only failed to deliver it would not be such a problem if they've issued refunds, like Avalon for instance. Failing to deliver *and* keeping customers money is a daylight robbery.

Well I don't want to waste all my red statements right away Smiley Too bad tard HashTard_CL can't do anything about it.

BTW does thermos bans clones? What if Icetard is the same person as HashTard? Can they get banned for clones?

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
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March 09, 2014, 07:49:24 AM
 #8388

Update: My post just got deleted by HF on the other thread so reposting here.

I’d like to address some of that statements HF made in the response to my customer complaint @ http://hashfast.org/HashFast_consumer_complaint_response.pdf



Code:
Complainant pre-ordered his Baby Jet unit in order to secure his status as a “Batch 1” customer,
meaning he would receive a unit from HashFast’s first batch of production.
All HashFast Batch 1 customers were offered a final shipment deadline of December 31, 2013.

I did pre-order a Batch 1 BJ stated as ‘in-stock’ and ‘Shipping Oct 20-30’ on the HashFast order site. The December 31st deadline was not part of the Terms of Sale I agreed to at the time of the sale. Nor did it appear on my BitPay and HashFast order receipts. The final shipment deadline was added after the fact. It was added to the 'order confirmation' that I receive a week after I completed the transaction.

Aug 9 ToS:
http://pastebin.com/EfS9vmRf

References:
https://bitcointalk.org/index.php?topic=299193.msg3209063#msg3209063
https://bitcointalk.org/index.php?topic=270384.msg2949502#msg2949502
https://bitcointalk.org/index.php?topic=262052.msg3405970#msg3405970



Code:
Complainant alleges that the only option HashFast gave it’s customers to pay for its products was in Bitcoin.
In reality, besides Bitcoin, HashFast accepted (and still accepts) most traditional methods of payment such as checks and wire-transfers,
and Complainant was free to pay for his equipment by these means if he so chose.
It was not until online purchasers made it all the way to the “checkout” page that they were
offered the additional option of paying in Bitcoin, in addition to payment in USD.
HashFast accepted payment in Bitcoin as a convenience to its customers.

At the time of my order (Aug 9), payment in Bitcoin via BitPay was the only payment option available to me on the website. It was only after the widget broke that HashFast accepted alternative methods of payment.

- Shipments begin: October 20th-30th, in order of purchase
 - Payments to be made in BTC with the help of BitPay

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

Quote
Quote
Please add CC payments
no, they want only those committed to leaving their BTC with HashFast until the end of the year.  if they fail to deliver, they have said they will give full refunds in BTC.

Reference: https://bitcointalk.org/index.php?topic=270363.msg2894478#msg2894478



Code:
HashFast never made any promises to Complainant that the Bitcoin he used to purchase equipment would be refunded 1:1,
nor do the ToS state that a 1:1 Bitcoin refund would be given. In fact, the absence of any such promise is not coincidental
as the price of Bitcoin has been volatile since its creation in 2009, subject to sharp appreciations and precipitous depreciations in value.
As such, Bitcoin is a fluctuating virtual currency. It is not a standardized unit of value.

Apart from the promises made as such by Simon Barber, Cypherdoc (paid sponsor and member of the board) and Cara?

Quote
if you buy Baby Jet for 51 BitCoins today and it does not ship, you will be refunded the 51 BitCoins you paid.
-Cara

In fact, John Skrodenis from HashFast did make that promise to me in person during my visit to the HF office in SF on October 30.

Quote
Another topic was the possibility of refunds and John was pretty specific that if refunds do happen they will be full refunds in the currency the order was paid in (BTC in BTC, USD in USD). Please note that I have not requested a refund and have no plans to do so at this point.

Note that I sent notification of my post to HashFast by email directly asking for corrections if I made any mistakes or misinterpreted anything. HF responded that it looked fine over email and also quoted the post on this forum.

Reference: https://bitcointalk.org/index.php?topic=262052.msg3452898#msg3452898



Code:
Complainant suggests that HashFast said it would offer him a full 1:1 refund in Bitcoin.
In reality, HashFast’s order confirmations state that “If Buyer ordered one or more Baby Jet units,
and HashFast does not deliver such units by that date, then Buyer may at his or her discretion,
cancel the undelivered portion and HashFast will issue a full refund the payment for the units that Buyer purchased but did not receive and cancelled.”
Nowhere in the order confirmation, or the applicible ToS, does HashFast offer a 1:1 Bitcoin refund,
Rather, HashFast offered a full refund of “the payment for the units.”

The ToS/order confirmation states:

Quote
HashFast will issue a full refund the payment for the units that Buyer purchased but did not receive and cancelled.

But it also states (at least in my order confirmation):

Quote
HashFast Technologies has received your order and payment in BTC for 1 Baby Jets, shipping via Next Day Air Saver (UPS). Total BTC 59.7987

So the payment is clearly BTC based. Unless otherwise specified a full refund should mean a 1:1 return of the original payment.



Code:
Complainant lodged the instant complaint when the value of Bitcoin grew 800% above what he originally paid.
The price of Bitcoin now trades at over 500% of what it did when Complainant placed his order.
No doubt, Complainant would eagerly have accepted a USD refund and cried foul to a refund in Bitcoin if the price
of Bitcoin has dropped to 20% from the date of his purchase.

This is an unwarranted and untrue accusation of my character. In fact I have always been clear from the start that I expected refunds to be made in BTC and well before the value started to appreciate. For example on Aug 09 I wrote the following:

Quote
The Oct-Dec timeframe is when these miners will earn back the vast majority of the investment cost. If anything the Oct 20-30 shipping date is what justifies the high cost of this unit. Take that away and you might end up with an expensive heating element. I don't like it either but that is the reality of an exponentially increasing difficulty. One day it is pure gold, the next a lump of coal. When it comes to refunds - I expect those to be done in BTC not USD. You take orders in BTC, you refund orders in BTC.

And on Aug 11:
For every day HashFast misses their target shipping date, a partial automatic refund should be made based on what a 400 GH/s unit would have mined at the difficulty at that date.This would continue until either the refund is complete or the unit is delivered.

And on Aug 17:
Quote
I expect refunds to made in accordance to the Bitpay receipt of payment.

References:
https://bitcointalk.org/index.php?topic=270363.msg2901489#msg2901489
https://bitcointalk.org/index.php?topic=270384.msg2907958#msg2907958
https://bitcointalk.org/index.php?topic=270384.msg2949898#msg2949898

In addition, I filed a refund request within 10 days after HF defaulting on their advertised shipment date of October 30.
My refund request was ignored by HF and closed without response (see: http://i.imgur.com/qPrxhmE.png).
To say I was motivated by the USD value at the time of the complaint is baseless. If any party was motivated by the USD value it was HF as is apparent from their actions that are contrary to their earlier statements and terms.

I have already given up and accepted my losses. I'm making this post simply to set the record straight. I wish those that are taking legal action against HF all the best.

We know they lied, and the quotes in that response are all irrelevant when you consider the direct promises made by hashfast during the selling phase of the scam. They are treating customers like shit, and you need to get a lawyer and sue them, not just sit back and accept the loss. Someone needs to stand up against them. 
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March 09, 2014, 08:25:03 AM
 #8389

These guys are pathetic.

Glad I did not order from them.

They over promised and under delivered. Now denying that that happened. Typical scammers.  Roll Eyes

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March 10, 2014, 10:44:27 PM
 #8390

This is getting ridiculous..

Where is our MPP + Upgrades?..


 
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March 11, 2014, 01:24:56 AM
 #8391

They don't care about us.
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March 11, 2014, 02:17:37 AM
 #8392

This is getting ridiculous..

Where is our MPP + Upgrades?..


Getting ridiculous? It's been ridiculous!!.  Grin
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March 11, 2014, 03:34:06 AM
 #8393

What if Hashfast Sierra Batch 2 customers received 2 TH rigs?  Would we be a little bit (not a lot) less perturbed.  Looking for that activity required by Hashfast that would create a sea change of in our collective mind sets:-).

Was this helpful? Donate: 1FCZzLuH1MAa8UDaHnZKHnXmNcQRBA7Xme
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March 11, 2014, 03:42:22 AM
 #8394

What if Hashfast Sierra Batch 2 customers received 2 TH rigs?  Would we be a little bit (not a lot) less perturbed.  Looking for that activity required by Hashfast that would create a sea change of in our collective mind sets:-).


Good idea but HIGHLY doubt that will happen. But wishful thinking.
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March 11, 2014, 05:06:04 AM
 #8395

What if Hashfast Sierra Batch 2 customers received 2 TH rigs?  Would we be a little bit (not a lot) less perturbed.  Looking for that activity required by Hashfast that would create a sea change of in our collective mind sets:-).


Good idea but HIGHLY doubt that will happen. But wishful thinking.

If they didn't compensate us B1 customers that helped them get off the ground, I highly doubt they will be there for anyone else.


 
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TIDEX



SolarSilver
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March 11, 2014, 06:06:29 AM
 #8396

What if Hashfast Sierra Batch 2 customers received 2 TH rigs?  Would we be a little bit (not a lot) less perturbed.  Looking for that activity required by Hashfast that would create a sea change of in our collective mind sets:-).

Actually the Second Batch machine, the first Sierra, is 1.2 TH/s, not 2 TH/s

None of them have been shipped

They should come with MPP that would increase the performance beyond 1.2 TH/s but they did not even ship out any MPP even for the Batch #1 BabyJet customers, so I would not count on it
AussieHash
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March 11, 2014, 07:17:27 AM
 #8397

Icedrill paid 20,000 BTC for 235TH, for October delivery (without MPP), and have only recieved 175TH
https://bitcointalk.org/index.php?topic=269216.msg5406668#msg5406668
http://ozco.in/content/user-top-20
raskul
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March 11, 2014, 07:25:49 AM
 #8398

Icedrill paid 20,000 BTC for 235TH, for October delivery (without MPP), and have only recieved 175TH
https://bitcointalk.org/index.php?topic=269216.msg5406668#msg5406668
http://ozco.in/content/user-top-20

 Cry

i used to be in that top 20

 Cry

but on a serious note... isn't the other 60TH - RMA machines (faulty and returned, waiting on replacements?) I read somewhere that they had initiated the RMA process. i may be wrong but it looks like icedrill's returns will be processed before any batch 2.  Undecided shucks.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
SolarSilver
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March 11, 2014, 10:02:01 AM
 #8399

but on a serious note... isn't the other 60TH - RMA machines (faulty and returned, waiting on replacements?) I read somewhere that they had initiated the RMA process. i may be wrong but it looks like icedrill's returns will be processed before any batch 2.  Undecided shucks.

It's obvious that Hashfast can't deliver the products they sold. The BabyJet (and Sierra) boards have a finished design, the chips have long been ordered (at least they told us so) and they use the super high-tech fast high quality assembly plant (as Hashfast_CL retardedly stated) from Ciara.

So where is the holdup?

Lack of funding? Hard to believe as they keep selling new batches of their latest vaporware board, the 750 (or was it 800) GH/s EVO

Why has the Batch #1 MPP not shipped? Nor have the Upgrade kits. Nor have the Sierras (Batch #2)

In the mean time, the time keeps ticking
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March 11, 2014, 11:08:59 AM
 #8400

Quote
there is a lot of saying 'cointerra didnt meet 500GH' while saying 'we can achieve 800GH!'

Cointerr has units in customers hands - lots of units. hashfast has a massive line of customers still waiting on the MPP (which was a protection against late delivery - ohh the irony)

They then go on to flail wildly about having a 2.1TH miner using 3 chips. That means that the miraculous 800GH chips are actually running at about 700GH, or almost 15% under spec. I could shove 20 antminers into a server cabinet and call it a 4TH machine - would that make it a better product then hashfast's pathetic 2TH?

..the answer is yes. I would have those 20 antminers in a cabinet in less than a week from today. Hashfast might ship something in a month or two or three. Obviously my 4TH antminer system is now the greatest bitcoin ASIC of all time by hashfast standards

The wild flailing (and OP) are about HashFast's new world record holding 750+ GH/s ASIC.

The 2.1TH Sierra EVO using only 3 chips is just one possible configuration and it comes in a 4U box, unlike a 4TH antminer (which would take up about 6 times as much space).

If HashFast's spec-smashing 2TH is pathetic, then what are CT's 20% power and performance misses?  

Trust: -16: -4 / +0(0)
Warning: Trade with extreme caution!

Don't worry HashTard! You delete them there, i re-post here.

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
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