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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875470 times)
joshv06
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June 09, 2014, 05:37:43 PM
 #9761

Me too, amount is for me also huge, they still must pay me 10.000+ USD back,
knew this shit would happend and still refuse to pay me back. Bunch of idiots.

The moment we send them our money it was already clear and planned that we never get our money.

Batch 1 and 2 at least receive something, but for batch 3-4 its really totally doomed.



What will this means for people that have small orders, i mean 1 order we talking about minimal 7000 usd

I also have one order of Sierra. But it is a huge amount for me... I want to know whether and how I can get my money back.

Same here. I was a part of Batch 1, 12 orders and 12 upgrades.

late orders, never got upgrades.

Their "We're not scammers" Blog post is a joke.

Bunch of fucking lying pricks.


 
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1513361111
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cedivad
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June 09, 2014, 05:56:29 PM
 #9762

Limited info on his ass my ass!:
Create an account there and edit it yourself...

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
Legend21
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June 09, 2014, 07:27:29 PM
 #9763

so seriously? What about the small orders, please someone give me a small summary, i will apriciate that. thanks u guys


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jjiimm_64
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June 09, 2014, 07:37:51 PM
 #9764

so seriously? What about the small orders, please someone give me a small summary, i will apriciate that. thanks u guys

Yes, Please someone give a summary of where we are at..

seconds after I posted the above, I received this in an email:

Quote
HashFast creditors, customers, partners and suppliers,

As you may have seen in the press, on May 9 2014, HashFast had a petition filed against us to move the organization into an involuntary bankruptcy.  We have been hard at work in developing a plan to see how to best serve our customers, supply vendors, and other creditors.
 
As a result of these actions,  we filed a request to move to a reorganization under Chapter 11 bankruptcy on June 5, 2014 and the courts granted that request on June 7, 2014.  We are in the process of finalizing our plans to best serve our creditors.
 
Our focus is to reorganize the company in a way that provides added value to our creditors, versus a liquidation scenario that would be of less value. As a part of that reorganization, Eduardo DeCastro has resigned as CEO, and we have reduced the operating team to the core functions necessary to continue operations and to effect our plan.  In the interim Simon Barber is President and CTO, and Monica Hushen, who recently joined as CFO is handling business operations and bankruptcy matters.

HashFast has retained Katten Muchin Rosenman LLP as its bankruptcy counsel, and we will be working together to generate a reorganization plan that will allow us to emerge from bankruptcy as quickly as possible.
 
We will be sharing more specific information regarding our reorganization efforts over the coming days.
 
- The HashFast Team

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perezoso
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June 09, 2014, 08:50:32 PM
 #9765

As far as I know, there is nothing for small orders to do at this point except to pay attention.  And prepare to react quickly when something is formally proposed.

I suppose that you can contact the court and ask to receive notice, but I don't believe that makes any difference in your status in the court's view.

I'm a small order too.  We just have to wait.

The one thing I'll say is that if a creditor's committee is formed, it would good for some little guys to be on it, to represent the, say, < $15,000 hobbyist.

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June 09, 2014, 08:58:18 PM
 #9766

As far as I know, there is nothing for small orders to do at this point except to pay attention.  And prepare to react quickly when something is formally proposed.

I suppose that you can contact the court and ask to receive notice, but I don't believe that makes any difference in your status in the court's view.

I'm a small order too.  We just have to wait.

The one thing I'll say is that if a creditor's committee is formed, it would good for some little guys to be on it, to represent the, say, < $15,000 hobbyist.



How about the 210btc hobbyist... what is this 15,000 you speak of?  Smiley

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June 09, 2014, 11:16:24 PM
 #9767

According this document

http://www.uscourts.gov/uscourts/RulesAndPolicies/rules/BK%20Forms%201210/B_20A_1210.pdf

you are to mail an objection to a motion to the clerk's office.

Mailing address:

Clerk of Court (Mr. Edward Emmons)
P.O. Box 7341
San Francisco, CA 94120-7341


As it seems there is a chance you'd have to attend a hearing in the courtroom (CA) in order to support your motives.

Because I am no US citizen, it might not be such a good idea to file an objection to the limited service motion of notice myself.

So it would be better for someone living nearby CA to file the objection.

Some further info:
http://thismatter.com/money/credit/bankruptcy/motions.htm

PS: I'll try and call the clerk's office myself and ask whether it will be possible to conduct the hearing by phone (judge has to agree on this).


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ryepdx
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June 10, 2014, 12:01:37 AM
 #9768

How about the 210btc hobbyist... what is this 15,000 you speak of?  Smiley

This. We were promised our original bitcoin payments back, and that's what I want. They sent me a check after I refused to cooperate with their refund process and insisted that they honor the TOS I had agreed to. I haven't cashed it and I don't plan on ever doing so. I'm in the process of taking legal action.
ninjarobot
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June 10, 2014, 01:05:33 AM
 #9769

I received this in an email:

Quote
HashFast creditors, customers, partners and suppliers,

As you may have seen in the press, on May 9 2014, HashFast had a petition filed against us to move the organization into an involuntary bankruptcy.  We have been hard at work in developing a plan to see how to best serve our customers, supply vendors, and other creditors.
 
As a result of these actions,  we filed a request to move to a reorganization under Chapter 11 bankruptcy on June 5, 2014 and the courts granted that request on June 7, 2014.  We are in the process of finalizing our plans to best serve our creditors.
 
Our focus is to reorganize the company in a way that provides added value to our creditors, versus a liquidation scenario that would be of less value. As a part of that reorganization, Eduardo DeCastro has resigned as CEO, and we have reduced the operating team to the core functions necessary to continue operations and to effect our plan.  In the interim Simon Barber is President and CTO, and Monica Hushen, who recently joined as CFO is handling business operations and bankruptcy matters.

HashFast has retained Katten Muchin Rosenman LLP as its bankruptcy counsel, and we will be working together to generate a reorganization plan that will allow us to emerge from bankruptcy as quickly as possible.
 
We will be sharing more specific information regarding our reorganization efforts over the coming days.
 
- The HashFast Team

Have not received this email.

I'm a day 1 BJ pre-order still waiting on MPP. Haven't followed this thread on a daily basis but since they have a core team to continue operations (at least until chapter 11) does this mean they are still shipping in limited quantities or has everything stopped at this point?
Phinnaeus Gage
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June 10, 2014, 01:29:58 AM
 #9770

so seriously? What about the small orders, please someone give me a small summary, i will apriciate that. thanks u guys

Yes, Please someone give a summary of where we are at..

seconds after I posted the above, I received this in an email:

Quote
HashFast creditors, customers, partners and suppliers,

As you may have seen in the press, on May 9 2014, HashFast had a petition filed against us to move the organization into an involuntary bankruptcy.  We have been hard at work in developing a plan to see how to best serve our customers, supply vendors, and other creditors.
 
As a result of these actions,  we filed a request to move to a reorganization under Chapter 11 bankruptcy on June 5, 2014 and the courts granted that request on June 7, 2014.  We are in the process of finalizing our plans to best serve our creditors.
 
Our focus is to reorganize the company in a way that provides added value to our creditors, versus a liquidation scenario that would be of less value. As a part of that reorganization, Eduardo DeCastro has resigned as CEO, and we have reduced the operating team to the core functions necessary to continue operations and to effect our plan.  In the interim Simon Barber is President and CTO, and Monica Hushen, who recently joined as CFO is handling business operations and bankruptcy matters.

HashFast has retained Katten Muchin Rosenman LLP as its bankruptcy counsel, and we will be working together to generate a reorganization plan that will allow us to emerge from bankruptcy as quickly as possible.
 
We will be sharing more specific information regarding our reorganization efforts over the coming days.
 
- The HashFast Team

http://www.kattenlaw.com/36677

Quote
Katten Muchin Rosenman LLP serves as counsel to the Winklevoss Bitcoin Trust.

There is little precedent for the classification of bitcoins as a currency, commodity, commodity money or security. For ease of reference, however, this advisory uses the term “digital asset” to encompass Bitcoin and other digital assets (whether centralized or decentralized), known as “alt-coins.”

http://www.sec.gov/Archives/edgar/data/1579346/000119312513286191/d565656dfwp.htm

Quote
Posted on Law360 at www.law360.com July 02, 2013

July 02, 2013, 7:39 PM ET

Winklevoss Twins Tap Katten Team For Bitcoin ETF

By Liz Hoffman

You were fucked when you ordered.

You were fucked when HashFast didn't deliver.

At least now you're getting the reach-around before getting fucked again.
cedivad
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June 10, 2014, 06:13:46 AM
 #9771

I'm a day 1 BJ pre-order still waiting on MPP. Haven't followed this thread on a daily basis but since they have a core team to continue operations (at least until chapter 11) does this mean they are still shipping in limited quantities or has everything stopped at this point?

They are still sleeping on their assets. Maybe they are building boards with the chip sales instead of using it only to pay lawyers, I hope so.

Quote
Katten Muchin Rosenman LLP serves as counsel to the Winklevoss Bitcoin Trust.

It's all a conspiracy. So?

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
Legend21
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June 10, 2014, 06:34:15 PM
 #9772

How long will whole this process dure? We are now on half of 2014. So what is the plan to give everybody their money back? Is there a deadline? For what are we waiting for? sorry for these stupid question but i need to know


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.ZONTO.
is the single app
for interacting with the world
|.

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  slack | facebook | twitter | telegram
|  ICO DATE 
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pmorici
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June 10, 2014, 07:02:35 PM
 #9773

How long will whole this process dure? We are now on half of 2014. So what is the plan to give everybody their money back? Is there a deadline? For what are we waiting for? sorry for these stupid question but i need to know

A long time.  The next important date is June 27th there will be a hearing to discuss the first steps of the process.

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jjiimm_64
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June 10, 2014, 09:53:56 PM
 #9774



At least now you're getting the reach-around before getting fucked again.


Oh, baby....  lol

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June 11, 2014, 09:11:33 PM
 #9775

Hashfast bounce my cheque and now will most likely get less than what i paid for. Hashfast is a Scam from the start.

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
HardwareReviewer
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June 11, 2014, 10:52:56 PM
 #9776

So I saw the creditor matrix.

Apparently I'm not in it, so here's another lie from HashFast:

I declare that the attached Creditor Mailing Matrix, consisting of 73 sheets, contains the correct, complete and current
names and addresses of all priority, secured and unsecured creditors listed in debtor's filing and that this matrix conforms with the
Clerk's promulgated requirements


In the meantime I filed my proof of claim electronically:
Case 14-30725 - Claim 3 - Filed 06/11/14

Is there anything additionally I could do to make sure being included in the creditor list?

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Morblias
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June 11, 2014, 11:24:02 PM
 #9777

For those of us that have no clue how to file claims or what to do, can someone ELI5 this for us? Do we need to file a proof of claim? How do we do so online? I looked at a ProofofClaim_B10.pdf document I googled, but have no clue what half these things are that we need to fill in.

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HardwareReviewer
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June 11, 2014, 11:37:41 PM
 #9778

For those of us that have no clue how to file claims or what to do, can someone ELI5 this for us? Do we need to file a proof of claim? How do we do so online? I looked at a ProofofClaim_B10.pdf document I googled, but have no clue what half these things are that we need to fill in.

You can file it online at: https://ecf.canb.uscourts.gov/cgi-bin/autoFilingClaims.pl

Maybe I can help with some of the stuff you'd have to fill in. I'm no expert though...

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HardwareReviewer
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June 11, 2014, 11:40:20 PM
 #9779

So I saw the creditor matrix.
Apparently I'm not in it, so here's another lie from HashFast:
I declare that the attached Creditor Mailing Matrix, consisting of 73 sheets, contains the correct, complete and current
names and addresses of all priority, secured and unsecured creditors listed in debtor's filing and that this matrix conforms with the
Clerk's promulgated requirements

In the meantime I filed my proof of claim electronically:
Case 14-30725 - Claim 3 - Filed 06/11/14
Is there anything additionally I could do to make sure being included in the creditor list?
There seem to be a lot of people missing from the list.    You should point out the fact that you are missing to the US Trustee so they are aware of the error and they can decide if the error is on purpose.   EVERYONE LEFT OFF SHOULD DO THIS so that someone qualified (the US Trustee) can figure out if it is incompetence or done on purpose.

Here is the case number in case others use the electronic route.
Hashfast Technolgies, LLC Case NO. 14-30725 (likely only need this one)     and Hashfast LLC Case No. 14-30866
 
FAX Number for US Trustee:  415 705-3379
 
ATTN:  Tracy Hope Davis  UNITED STATES TRUSTEE
 
I would mail it also to:
UNITED STATES TRUSTEE REGION 17
San Francisco Division
235 Pine Street, Suite 700
San Francisco, CA
94104

As a creditor, you can also write a letter to the US Trustee for the case if you have any concerns about any of the top 20 creditors being impartial and if you do not think they should be on the committee that will represent all creditors.   
Some of the people on the list of the top 20 creditors are also shareholders in the Delaware company that HF stated "owns all the IP" in the arstechnica article.
Adam Ettinger (of Strategic Counsel Corp) is listed and a shareholder of Hashfast LLC
Sandgate Technologies is listed as a top 20 and Chad Spackman is a shareholder of Hashfast LLC (and I believe shown as an employee on their website).

It might concern some people about whether they will look out for all the creditors since they would appear to have conflicting interests.    Anyone else see conflicts on the list of 20?



Will do. Any chance the Trustee has an email address? Smiley

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Morblias
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June 11, 2014, 11:40:44 PM
 #9780

Where is the creditor matrix? I would like to look at it to see if I am on it

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