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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875545 times)
jimmothy
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March 20, 2014, 04:41:32 PM
 #8521

I'm reading Garret posts, and he doesn't seem like a fool "that maxes out the power plugs in his dormitory" or that sells it's CT hardware because it doesn't work...
I can't find references for any of them actually... I will keep reading...
Posted from Bitcointa.lk - #svuPT3qL10S6lAW5

Has any of the recent info/bullshit been confirmed?

I find it hard to believe that anyone, even if they are young and inexperienced, would collect so much money and blow it all due to their own technical incompetence.

I refuse to believe the original plan was to run multiple asics from his standard basement circuit.

And how would they build a production line with literally no experience, no capital, and a plethora of other qualifications this group of highschoolers don't meet.
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March 20, 2014, 07:46:17 PM
 #8522

odds are he redirected the hashing power to steal btc. (not the first time)
all 20 of my 20 CT units worked fine.

Or long on self-confidence and short on competence.  Goes with the teenage mindset.  And HasfFarts.  

Arguably competent chip design, incompetent everything else. (<-- that was WRT HasfFarts)
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March 21, 2014, 08:51:14 AM
 #8523

I'm going to copy this gem from The Habanero Project thread in order not to pollute it too much:

https://bitcointalk.org/index.php?topic=519943.msg5817423#msg5817423

I have no inside knowledge on the chip situation with Hashfast. However, I can confirm that I was told the same story directly by the Hashfast reps at the conference in Austin. At that time they said that they were working as fast as they could to fulfill orders, that the next available batch was the 2nd Yoli run, and that there were enough chips to max out production and then some. Excess chips were being made available to third party developers as stock permitted.

Hashfast sales droid tells bullshit to potential customers, news at 11!

Hashfast has not shipped out any BBJet replacements, BBJet MPP, Upgrade kits, Sierras or Sierra MPP in the last 7 weeks or so

"They were working as fast as they could to fulfill orders" my ass.

Hands up who received any of the above?
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March 21, 2014, 08:58:43 AM
 #8524

qwk
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March 21, 2014, 11:40:59 AM
 #8525

So what's the plan here?
[…]
We should softly bring HF to bankruptcy, and use the know how/in hand ASIC for ourselves instead of gifting it in exchange with a new production line.
If there were a way to quickly bring HF to bankruptcy and get the ASIC design out, we could think of just producing the chips and reselling them to refund the customers. The problem is, there is no such thing as a quick bankruptcy.

A man may dream, though, a man may dream Roll Eyes

Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
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March 21, 2014, 11:53:58 AM
 #8526

That's the only problem, yes, time.
But when you see that they are gifting themselves away, should you really let them do it? Even if it's legal from their standpoints? (i asked my lawyer to look into that, fuck the costs).
Posted from Bitcointa.lk - #6s72JjSHzqUtxe4m

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 21, 2014, 12:11:21 PM
 #8527

Even if it were the case that there was some extreme chip excess and diverting the supply did nothing to delay your orders those chips showing up on the network is adverse to your interest— because it raises the difficulty ahead of you and reduces your income (for the products you haven't received yet as well as any miners you're already running).
 

Bitcoin will not be compromised
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March 21, 2014, 12:17:26 PM
 #8528

[X] fundraising a good, specialized lawyer to check possibility of a class action against them
[  ] feeding the Hashfast_CL troll & wasting time here

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March 21, 2014, 12:37:59 PM
 #8529

  • have them indicted penally, buy a lot of popcorns from overstock.com and peacefully wait for civil and penal justice to make it's course.
Posted from Bitcointa.lk - #wJlK7u7DEoh5auLE

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 21, 2014, 01:50:32 PM
 #8530

Has anyone actually received any refunds for any batch higher than Batch 1?

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March 21, 2014, 02:45:52 PM
 #8531

Has anyone actually received any refunds for any batch higher than Batch 1?

The letter NinjaRobot received from Hashfast via the CA consumer protection people stated that they had "refunded" amounts totaling $30,000 USD.  That is like 5 orders tops.  They have hundreds of customers.
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March 21, 2014, 03:06:19 PM
 #8532

Quote
Now they [Hashfast] have no money left

What is this statement based on?

Some percentage of their income was BTC directly into their hands - which has quintupled, at least.

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March 21, 2014, 03:15:11 PM
 #8533

You guys do realize that "Garrett MacDonald" is Garr on these forums, right?  The guy who scammed tons of people out of money, lied about his shill bidding of auctions, etc...  

In all the history of BTC, if not the history of mankind, or the universe, has there ever been a more authoritative source on the highlighted subjects?

This is clearly someone who knows something about which he speaks.

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March 21, 2014, 11:38:26 PM
 #8534

So I called our toddler friend Mr. MacDonald and he said he had coffee with Amy Woodward the day before....I wonder... here is a text conversation I had with him that might be of interest...he is most defiantly a scammer....he said his investing partner was flying into NYC the night we talked and I should call him...

the number was: (208) 659-2349 ( a google voice # )

Quote
Him: "6129369344 Jack Zwick, Cognitive Capital"

Me:          "Thanks I'll call him tomorrow"

Him:  "Great, no problem. If you could make a response to that email confirming I have good intentions that'd be nice too Tongue"

I then told him I would post a "report" about my meeting and he said:

Quote
Great Thanks. With our situation we can use all the positive PR we can get.

The number was of course bad and I texted
Quote
Thanks for giving me a bad number. Now I know.

He sent me a number with 2 digits revered which I never tried and then this, which was the topper...

Quote
Sorry, but I wouldn't give you any number before giving you a bad one, I'm not an idiot and I'm not going to assume you are either.

that was the last communication...

If you'd like more details on the conversation let me know, it was  about how Edward(o) likes him and gave him a good deal, then he said they had sent $2million in BTC in September for boards and never got them...and that Hash Fast was out of money.
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March 22, 2014, 05:16:36 AM
 #8535

Wait so let me get this right.

Hashfast is low on money even though they had "investors" and ripped off every customer they had via preorders.

Now they need help so they are turning to a 16 year old scammer to build them a production line so they can ship out the overpriced and obsolete hardware they promised nearly 5 months ago.

This has to be a joke. Now I understand why many don't take bitcoin seriously.
Hello, I have come back to check what happened to HashFast after I estimated they couldn't keep from running headlong into multiple deadlines from future batch commitments.

I have only read the last three pages, but the basic idea is that they didn't deliver batch 2+ and no MPP for batch 1, correct?

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March 22, 2014, 05:20:47 AM
 #8536

I'd really like to hear what a lawyer says to this situation.



(given what i pay him i appreciate his short replies)
Posted from Bitcointa.lk - #VC3WJefOGRLNe8wn
Amazing...
[Speculation]
So they are selling customers property to a third party while throwing their [literal] obligations to the side?

He's right, that is unreal.

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March 22, 2014, 06:49:58 AM
 #8537

I have only read the last three pages, but the basic idea is that they didn't deliver batch 2+ and no MPP for batch 1, correct?

Yes, they did ship out most of the BBJet (Batch #1) orders end of January 2014, making it 3 months late. They never shipped any RMA stuff for BBJets, no BBJet MPP, but more importantly, no Upgrade kits for the MPP people paid for November delivery, no Sierra's (Batch #2) and related MPP for the Sierra's. Basically they have not shipped anything in the last 7 weeks

But they did start to take pre-orders for a new piece of vapourware that will never ship on time or on specs, their new EVO 800-wait-750 GH/s board.

And they started selling off all their Golden Nonce chips to third parties like The Habanero Project - Third Party HF Mining Board

https://bitcointalk.org/index.php?topic=519943.0

Oh, and no refunds either. They are not even replying to email or phone.

It's basically a mix-up between BFL and Avalon, but one year later
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March 22, 2014, 10:29:42 AM
 #8538

Have the lawyers hired progressed in beating common sense into the company?

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March 22, 2014, 10:51:00 AM
 #8539

Have the lawyers hired progressed in beating common sense into the company?
No, quite the opposite:

http://hashfast.org/HashFast_consumer_complaint_response.pdf

(not exactly due to our lawyers, but it's a reply from theirs)
Posted from Bitcointa.lk - #FwSxKQmyqJBfdJRM

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 22, 2014, 05:27:45 PM
 #8540

So ScamLast is now pumping its $$$ to lawyers and has not shipped anything in 7 weeks, not a good sign see a this fly by night company hit the wall of no funds , all maybe lost however this is just one more sign for miners not to buy preorders, go with what in stock see if I had know that the Chinese would have a 1th/s miner I would have waited and save my self all this chaos of ScamLast.
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