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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 879474 times)
solarion
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April 29, 2014, 03:30:18 AM
 #9061

Looking around the forums it doesn't appear that bfl's engineers are going to be moving into offices at nasa anytime soon either.
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April 29, 2014, 04:20:37 AM
 #9062

And you are putting your faith in a "man" that can't even tell a reflection from a spot on a chip and claims to be an engineer. Wow... you guys are up the proverbial shit creek if that's the caliber of intelligence you can bring to bear upon Hashfast.  Good luck!



Wow the trust rating on you - btw, I am curious, how are your own units coming along?  Why is it that now HF and VMC copied your pcie layout? 

Because I was a miner and I know what miners want.  The other companies don't know shit about actual day to day mining and what's the most convenient, since they've never actually done it.

What about my trust rating?  It looks good to me.  Or are you under the mistaken impression the trust rating means something?



Looking around the forums it doesn't appear that bfl's engineers are going to be moving into offices at nasa anytime soon either.

What, you mean other than the fact that our mining chip is more than 2x efficient than any other chip out there? 

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
cedivad
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April 29, 2014, 05:30:00 AM
Last edit: April 29, 2014, 05:42:51 AM by cedivad
 #9063

Good luck!
Thank you Josh. Now go back cheating the trust system.

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Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
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cedivad
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April 29, 2014, 06:16:42 AM
 #9064

https://twitter.com/HashFast/status/460935717401550848

"Shipped today: 165 boards, 5 Sierras, 8 Baby Jets."

I'm wondering what "batch" the boards are from. Probably not going to 2013 customers? (or maybe not even going to customers at all, since that they sold entire 2014 batches with no "community" customers buying?). Ergo, another semilegitimate way of taking assets out of the company?

I'm playing the conspiracy theorist, but it doesn't really hurt being it with HashCrap.

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
ninjarobot
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April 29, 2014, 07:05:23 AM
 #9065

http://hashfast.com/production-update/

Quote
Batch-1 is closed. Every customer who wished to do so has received their purchases.

Batch 1 orders include MPP and isn't closed until you ship what you promised.

No need to hurry, It's only been ~9 months since I ordered and the network hashrate isn't going anywhere... *cough*

 
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April 29, 2014, 08:47:50 AM
 #9066

And you are putting your faith in a "man" that can't even tell a reflection from a spot on a chip and claims to be an engineer. Wow... you guys are up the proverbial shit creek if that's the caliber of intelligence you can bring to bear upon Hashfast.  Good luck!



Wow the trust rating on you - btw, I am curious, how are your own units coming along?  Why is it that now HF and VMC copied your pcie layout? 

Because I was a miner and I know what miners want.  The other companies don't know shit about actual day to day mining and what's the most convenient, since they've never actually done it.

What about my trust rating?  It looks good to me.  Or are you under the mistaken impression the trust rating means something?



Looking around the forums it doesn't appear that bfl's engineers are going to be moving into offices at nasa anytime soon either.

What, you mean other than the fact that our mining chip is more than 2x efficient than any other chip out there? 

Only 2x more efficient? I thought your chip is more than 10x efficient than any other chip out there.

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April 29, 2014, 09:14:01 AM
 #9067

I'm looking forward to create a graph with the number of Fedex/DHL/whatever trackings created per day... And superimpose it to a list of news of customers actions...

Something tells me it's gonna be interesting.

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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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April 29, 2014, 09:24:08 AM
 #9068

http://hashfast.com/production-update/

Quote
Batch-1 is closed. Every customer who wished to do so has received their purchases.

Batch 1 orders include MPP and isn't closed until you ship what you promised.

No need to hurry, It's only been ~9 months since I ordered and the network hashrate isn't going anywhere... *cough*

 
All their PR is self-serving, in the sense that their propaganda needs to paint a picture of professionalism and honest mistakes. As such, the recent "apology" must be viewed through the strategic lens. Actually that's good news, because it indicates intend that they want to stay in business. The hat trick HF must perform is to get out of old liabilities with minimal reputational damage, while maximizing returns. HashFast (together with BFL) certainly wrote a new chapter in the history of cannibalistic crowd funding. Let's just hope that it will serve as a warning instead of an example to follow. It's up to the legal system to decide the latter.

Technically the MPP didn't promise a particular batch, so no legal handle there.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
cedivad
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April 29, 2014, 09:29:38 AM
 #9069

Actually that's good news, because it indicates intend that they want to stay in business.
It probably indicates that they are only trying to stay in "business" another few months, the time required to get even more value out of the company via their subterfuges that i'm sure by now are well oiled mechanisms.

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
Jutarul
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April 29, 2014, 09:53:48 AM
 #9070

Actually that's good news, because it indicates intend that they want to stay in business.
It probably indicates that they are only trying to stay in "business" another few months, the time required to get even more value out of the company via their subterfuges that i'm sure by now are well oiled mechanisms.
And then what? Bankruptcy? Run and hide? No - then fraud would be obvious and anyone involved would make themselves a prison case. The more likely theory is that they want to get away with civil penalties - if any. As such they need to stay in business, show some level of professionalism and settle the stuff they can't otherwise get rid of one way or the other. At this moment they're just bracing for the impact.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
cedivad
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April 29, 2014, 01:22:33 PM
 #9071

Actually that's good news, because it indicates intend that they want to stay in business.
It probably indicates that they are only trying to stay in "business" another few months, the time required to get even more value out of the company via their subterfuges that i'm sure by now are well oiled mechanisms.
And then what? Bankruptcy? Run and hide? No - then fraud would be obvious and anyone involved would make themselves a prison case. The more likely theory is that they want to get away with civil penalties - if any. As such they need to stay in business, show some level of professionalism and settle the stuff they can't otherwise get rid of one way or the other. At this moment they're just bracing for the impact.
I start by assuming that we have enough to prove their fraud already, over a legitimate doubt. You don't think so?
Sure, by not bankrupting or by bankrupting as late as possible they would have a lot of time to hide a lot of informations.

Delaying the bankruptcy as long as possible is only positive for them. More resources, more time. It's negative for the creditors, less resources, less profs.

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
Syke
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April 29, 2014, 04:16:23 PM
 #9072

Only 2x more efficient? I thought your chip is more than 10x efficient than any other chip out there.

Just ignore him. Mr. "in two weeks" doesn't understand how numbers work.

Buy & Hold
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April 29, 2014, 04:25:47 PM
 #9073

Only 2x more efficient? I thought your chip is more than 10x efficient than any other chip out there.

Just ignore him. Mr. "in two weeks" doesn't understand how numbers work.

I think he is ignoring me already. I'm just having fun of the tards who promise that they will commit seppuku if they miss their power estimates Smiley

cedivad
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April 29, 2014, 08:08:34 PM
 #9074

http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation

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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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April 29, 2014, 08:24:33 PM
 #9075


Finally!

Legend21
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April 29, 2014, 09:28:08 PM
 #9076

Have order begin November, fcking 7 months agoo, still got nothing as batch 3. No refund so far.

And they still on shipping batch 2.

They even havent refund some of the batch 1 jet?

BitCoin Operated Boy
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April 29, 2014, 09:36:06 PM
 #9077

Guys, there is a new forum which have just opened for exploited HF customers:

http://www.hashfast-forum.com/index.php?p=/
perezoso
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April 30, 2014, 02:36:30 AM
 #9078

Technically the MPP didn't promise a particular batch, so no legal handle there.

Yes, but the MPP promised to protect against network hashrate increases, among other things.  The language used with the MPP creates a reasonable expectation of delivery within a useful timeframe.

There's probably room for debate as to what point (day), exactly, on the network hashrate curve "reasonableness" expired.

But assuming that HF only provides 1.6TH as the MPP for each BJ, I know that the "point of reasonableness" passed some time ago.  The MPP was for hashing power, not space heaters.

I suspect a legal handle could be found, although I'm hardly an expert.  Just my gut feeling.
bkminer
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April 30, 2014, 04:34:06 AM
 #9079

Well I continue to send emails about them telling me my next step, which they said would be soon, over a month ago.... *sigh*

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April 30, 2014, 07:12:07 AM
 #9080

But assuming that HF only provides 1.6TH as the MPP for each BJ, I know that the "point of reasonableness" passed some time ago.  The MPP was for hashing power, not space heaters.

I suspect a legal handle could be found, although I'm hardly an expert.  Just my gut feeling.
This is a letter vs. spirit debate. The question is how much lower instance courts are concerned about intends.

Let me play devils advocate a bit:

Many customers fall short, both on letters and intend. They were fooled into accepting revised and rewritten contracts (e.g. refund&release forms) and by doing so they showed compliance with the practices of the company. Either you're blowing the whistle right away or never. Anything in between puts you into a weak position.

I am not defending what HashFast is doing, I am merely pointing out that you need to play the ball persistently in one direction if you want to have a plausible case. Otherwise HashFast (rightfully) can claim that the customer doesn't really know what they want. That's why those mass actions are highly specific to particular customers - because little nuances in the interaction and communication can put a case into a totally different light.

A totally different beast is the question of fraud (intentionally withholding cash or hardware from customers, i.e. taking deliberate actions which harm the revenue of customers) - but that already goes beyond an attempt to recover contractual substance and is a strategy to break their exploitative business model.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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