Bitcoin Forum
March 19, 2019, 11:26:40 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 [437] 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 ... 586 »
  Print  
Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 878377 times)
cedivad
Legendary
*
Offline Offline

Activity: 1162
Merit: 1001



View Profile
March 30, 2014, 02:34:50 AM
 #8721

I really hate all the enthusiasm they are putting in convincing us to be bankrupted without saying a single word.
Posted from Bitcointa.lk - #kaqvL6utYvaucUXW

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
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Phildo
Legendary
*
Offline Offline

Activity: 1526
Merit: 1000



View Profile
March 30, 2014, 03:52:05 AM
 #8722

ALL of these companies Im sure have trays of chips sitting on shelves doing nothing.     Their issues are that they cant build boards fast enough, or they dont know how to properly design a power regulator, or they cant cool the chip they designed.

Thank you cedivad for pointing this. Somehow i didn't even read it the first time. All i can say is WOW. You are a tard troll from my point of view after reading this. So KnC announces that they will have a 10 MW datacenter ready in a few months and you are telling us that "ALL" companies have chips doing nothing and that they can't build boards fast enough? O'RLY??? How does this picture look to you? So sick of dumbfucks who can't even do a little research before talking out of their ass...




Edit:
EXTRA EXTRA Read all about it, Court freeze's hashfast's Wallet, http://www.coindesk.com/court-grants-order-freeze-hashfasts-bitcoin-wallets/
Who is Cypher Enterprises? The name reminds me of cypherdoc and that's so funny...



Well then, would you care to take a stab at why so many of these startup bitcoin ASIC companies cant get product out the door?    Any why they want to sell chips?

Who goes out and spends millions on NRE for a 28nm ASIC with the intention to screw people over by not shipping product?

Make no mistake, I am in no way condoning the ignorance and incompetence that many of these companies exhibit.  I have been screwed over by almost all on the list that I listed... which is how I have first hand knowledge of why each of them has had issues.!

 

It's happening because they aren't good enough to do what they say they will do, and they do it because it doesn't cost them anything. they get marks to pay off all the expenses up front, give themselves a nice salary while they try, and then disappear or eventually come up with a machine that took so long to make that it will never ROI.

In the real world these guys would try to make a miner, take so long that it wouldn't be profitable, and we'd never hear from them. For some reason, in the bitcoin world people bankroll them from the start, so they try to make a bunch at a time before they even know how to make one. Now, since they have enough money to make all of them (if they get that far) they send out useless machines that people will plug in to try and make back some of their investment, raising the difficulty, and making this situation that much harder for the next person to make a miner.
SolarSilver
Legendary
*
Offline Offline

Activity: 1113
Merit: 1000


View Profile
March 30, 2014, 10:40:40 AM
 #8723

I really hate all the enthusiasm they are putting in convincing us to be bankrupted without saying a single word.
Posted from Bitcointa.lk - #kaqvL6utYvaucUXW

Well at least HashFast_CL stopped fishing for pre-orders for their latest vapourware they'll never be able to ship on time and on spec ref their previous performances (no Batch #1 MPP shipped, no Upgrade kits shipped, no Batch #2 Sierras shipped, no Sierra MPP shipped)

Does the new injunction mean that if people pre-order with BTC their BTC is also frozen? Or are funds converted into USD free to be used to pay for their inflated wages, office rent and company cars?
cedivad
Legendary
*
Offline Offline

Activity: 1162
Merit: 1001



View Profile
March 30, 2014, 10:44:01 AM
 #8724

Does the new injunction mean that if people pre-order with BTC their BTC is also frozen? Or are funds converted into USD free to be used to pay for their inflated wages, office rent and company cars?
The injunction means that if HF has 300 BTC they have to hold on them until the 15th of April. They basically can't sell them from now until then. They have to appear the 8th (if i remember it correctly) and i guess that the injunction will be removed or renewed at that time.
Posted from Bitcointa.lk - #f7sitKmazz3EAxL7

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
Legendary
*
Offline Offline

Activity: 1162
Merit: 1001



View Profile
March 30, 2014, 04:25:43 PM
 #8725

$440! Smiley
Posted from Bitcointa.lk - #OfpF8uf5Jy1qOKC9

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
RoadStress
Legendary
*
Offline Offline

Activity: 1862
Merit: 1002


View Profile
March 30, 2014, 04:46:15 PM
 #8726

$440! Smiley
Posted from Bitcointa.lk - #OfpF8uf5Jy1qOKC9

HashFail should be happy. Maybe you will start seeing BTC refunds Cheesy

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
cedivad
Legendary
*
Offline Offline

Activity: 1162
Merit: 1001



View Profile
March 30, 2014, 04:50:43 PM
 #8727

HashFail should be happy. Maybe you will start seeing BTC refunds Cheesy
No, but the their lawyers can't talk about "800% windfalls" anymore Smiley
Posted from Bitcointa.lk - #UxKLWGTtmgrHwkmf

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
bkminer
Full Member
***
Offline Offline

Activity: 197
Merit: 100

Don't let the nam-shub in your operating system.


View Profile
March 30, 2014, 10:24:20 PM
 #8728

Oh boy do they love the word windfall.

A windfall was what they got when we all pre-ordered...
CurcO
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
March 31, 2014, 12:35:44 AM
 #8729

LOL....  (This is off thier FAQ from their website, no joke ... Something does not add up  Cheesy


Can I pay more to get in a sooner batch or get it faster?

We honor the relationship we have with each of our customers, large and small. Orders are shipping in the order they are paid for.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500



View Profile
March 31, 2014, 12:55:59 AM
 #8730

Now hashfast is selling boards and chips to VMC instead of shipping their own customers hardware.

https://bitcointalk.org/index.php?topic=462370.1380

solarion
Hero Member
*****
Offline Offline

Activity: 966
Merit: 513



View Profile
March 31, 2014, 01:05:41 AM
 #8731

Sweet, one scammy company supplying another while screwing over the people that funded the whole thing.
ninjarobot
Hero Member
*****
Offline Offline

Activity: 761
Merit: 500


Mine Silent, Mine Deep


View Profile
March 31, 2014, 02:28:20 AM
 #8732

HF decides to screw their customers at every opportunity they get. Why?
solarion
Hero Member
*****
Offline Offline

Activity: 966
Merit: 513



View Profile
March 31, 2014, 03:20:25 AM
 #8733

HF decides to screw their customers at every opportunity they get. Why?

Because they already paid. Scamfast has nothing further to gain(steal) from those "customers". Now they can just sell the products that should go to those "customers" to someone else.
dropt
Legendary
*
Offline Offline

Activity: 1512
Merit: 1000



View Profile
March 31, 2014, 03:28:50 AM
 #8734

HF decides to screw their customers at every opportunity they get. Why?

Simple answer?  They're broke.  They have chips they've paid for, but they do not have the capital to manufacture and ship complete miners... That's my guess anyways.
solarion
Hero Member
*****
Offline Offline

Activity: 966
Merit: 513



View Profile
March 31, 2014, 03:37:17 AM
 #8735

HF decides to screw their customers at every opportunity they get. Why?

Simple answer?  They're broke.  They have chips they've paid for, but they do not have the capital to manufacture and ship complete miners... That's my guess anyways.

Then why bother with a TRO to prevent them spending their ample supply of BTC? Pretty sure the lawyers figured out how to use blockchain.info.
dropt
Legendary
*
Offline Offline

Activity: 1512
Merit: 1000



View Profile
March 31, 2014, 04:13:33 AM
 #8736

HF decides to screw their customers at every opportunity they get. Why?

Simple answer?  They're broke.  They have chips they've paid for, but they do not have the capital to manufacture and ship complete miners... That's my guess anyways.

Then why bother with a TRO to prevent them spending their ample supply of BTC? Pretty sure the lawyers figured out how to use blockchain.info.

Do we know the address(es) that the TRO cover?  Do we know that they're in fact owned by HF?  Do we know that there aren't numerous other lawsuits that have frozen HF's traditional financial assets?

We know virtually nothing, but the simplest answer is they're broke.  In fact, one of the leaked e-mails between Garr and whomever almost literally states as much.
solarion
Hero Member
*****
Offline Offline

Activity: 966
Merit: 513



View Profile
March 31, 2014, 06:00:20 AM
 #8737

I don't "know" much of anything about scamfast's financials, but someone posted a btc addy just a few pages back with 3k btc in it. I know that *I* sent those thieves over 51Btc for a $6000 product and that payment is worth several times that now, same with the bj sales way back in August/September. If they can screw that up and run out of money while selling designs to a bunch of other scams then there's not much that can be done.
dropt
Legendary
*
Offline Offline

Activity: 1512
Merit: 1000



View Profile
March 31, 2014, 06:11:51 AM
 #8738

I don't "know" much of anything about scamfast's financials, but someone posted a btc addy just a few pages back with 3k btc in it. I know that *I* sent those thieves over 51Btc for a $6000 product and that payment is worth several times that now, same with the bj sales way back in August/September. If they can screw that up and run out of money while selling designs to a bunch of other scams then there's not much that can be done.

Exactly, and therein lies the problem.  For all we know that 3k address is some HF employee's address who elected to be paid in coins over fiat.  Wouldn't that be convenient?  Wink
solarion
Hero Member
*****
Offline Offline

Activity: 966
Merit: 513



View Profile
March 31, 2014, 06:27:58 AM
 #8739

That's the problem with all these scammy companies. They lie endlessly and nobody knows anything for certain, except them, and they're dishonest.

They don't get the benefit of the doubt anymore, that time is over. Now they're selling equipment and designs to kslaughter...another scammer, rather than delivering to their own customers. They have a pile of chips and could just tell the truth. Something like:

"Hey guys we suck. We're broke, and can't make your shit anymore, but here's the board design and the chips you paid for, please use them to get your machines built."

While that would suck at least it would give their victims some relief, but they're instead trying to get me to agree to another delay. Scammy. Just like when they tried to get b1 victims to give up their rights to refunds. This company is staffed by a bunch of snakes.
SolarSilver
Legendary
*
Offline Offline

Activity: 1113
Merit: 1000


View Profile
March 31, 2014, 08:07:15 AM
Last edit: March 31, 2014, 08:23:17 AM by SolarSilver
 #8740

HF decides to screw their customers at every opportunity they get. Why?

Simple answer?  They're broke.  They have chips they've paid for, but they do not have the capital to manufacture and ship complete miners... That's my guess anyways.

That would be my guess too but I don't understand how they can be broke after all the pre-order money they took for their first Gen boards and now their second Gen boards. And they were supposed to have had angel investors that paid for part of the development.

Perhaps their new lawyer is more expensive than initially provisioned? Or it's a choice to ride this one out in court, as obviously there is no way they can ever please their initial customers. There are many ways they can syphon off the chip development IP to a new company and keep all the debt and obligations in the old one.

Edit: Is anybody adding up how many of their excess chips they have sold off? Active Mining talks about 5000 chips. I thought I saw earlier a price for the chips in the black miner thread, was it USD 700 for one chip? Can anybody correct me?

That would mean for Active Mining over USD 3 million

This would mean a considerable amount of new money flowing in since the beginning of this year?
Pages: « 1 ... 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 [437] 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 ... 586 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!