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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 865065 times)
perezoso
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June 30, 2014, 08:39:21 PM
 #9981

Back to this question about the MPP.  I think there are three different cases, with possibly three different valuations.  Maybe more.

The basic three are:

1) People who bought Batch 1 BJs and then were "given" the MPP after purchase.

2) People who bought Batch 1 BJs after the MPP was included as an integral part of the purchase.  (=me, very few of us, maybe a dozen people, less who still care?)

3) People who bought Batch 2 BJs and paid extra for the MPP.


My thoughts:

In case #1, I don't have an answer for the value of the MPP.  I'm not sure what it is, but I think it is something.

In case #2, perhaps:  Purchase price minus BTC mined during the MPP calculation period equals amount of claim.  (= ~$4000 per BJ)

In case #3, assuming the BJ was delivered, then it's probably the amount extra that was paid for the MPP.


There are some tricky bits to this when it comes to considering BTC versus USD payments and value of the claim.  

And sorry, but this business about the MPP not having any value because of the lack of a specific delivery date doesn't make sense and can't be reconciled with the return promise of the MPP itself.  Correct, there was no date specified; but there is a date indicated by the promise of getting back to ROI.  That's the date at which the amount of hashpower provided under the MPP would achieve that result.  That was pledged. That date came and went months ago, obviously, without HF delivering.

In retrospect, it seems like a stupid promise to have made, and to have relied upon. But that's the deal that was offered and accepted.

It's pretty much academic, I suppose, at this date.  The general sentiment I agree with is that this needs to go criminal.


 
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June 30, 2014, 11:10:03 PM
 #9982

http://www.reddit.com/r/BitcoinMining/comments/29h8u6/watch_antminer_s3_orders_in_real_time/

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
smoothie
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July 01, 2014, 03:19:52 AM
 #9983

Hopefully everyone here who is going to attempt to get a refund will have enough time to buy bitcoin before the next rocket.

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July 01, 2014, 03:25:13 AM
 #9984

Hopefully everyone here who is going to attempt to get a refund will have enough time to buy bitcoin before the next rocket.

I suspect many will be wanting to buy Bitcoin outright if they don't already need to spend that refund money on bills.

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digitalbrass
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July 01, 2014, 04:50:24 PM
 #9985

I want to see the entire hashfast team in jail.  this way other hw companies know what to expect if they think they can pull something like this.
HardwareReviewer
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July 01, 2014, 06:36:08 PM
 #9986

I want to see the entire hashfast team in jail.  this way other hw companies know what to expect if they think they can pull something like this.

Probably a new jail has to be built in order to accomodate all those bitcoin scammers.

Prepare to enter a world of stress
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July 01, 2014, 06:59:45 PM
 #9987

We just need enough for a conviction of one of their inner circle. Then they will talk, and a lot of value will be recovered. It's not improbable at all.

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
Pt0x
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July 01, 2014, 09:31:02 PM
 #9988

Creditor Committee:

2. Sistemas Operativos Sanitarios ca
Calle 35 entre Av. 2 y 3 #2-34 Merida, Venezuela 5101 Attn: Guido Ochoa


A Venezuelan politician that owns a company already banned to do business with the local state? LOL!!!!

http://guidoochoa.psuv.org.ve/

http://rncenlinea.snc.gob.ve/planilla/index/199676?anafinan=N&anafinanpub=Y&login=N&mostrar=INF

BTC: 17sz6AoYVpwXjaStmnVCsGTufUhvrAMhTw , LTC: LUWo5J289f6MZhmZLTYWDzUyqyJd2n9JwB , XPM: AG98KMnHmZwoLorB4o3Kt7bbFMsn9rcDYS
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July 01, 2014, 09:48:53 PM
 #9989

I want to see the entire hashfast team in jail.  this way other hw companies know what to expect if they think they can pull something like this.

Probably a new jail has to be built in order to accomodate all those bitcoin scammers.

Hmmm,a virtual jail for virtual currency criminals  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
Bicknellski
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July 02, 2014, 04:33:57 AM
 #9990

I want to see the entire hashfast team in jail.  this way other hw companies know what to expect if they think they can pull something like this.

Probably a new jail has to be built in order to accomodate all those bitcoin scammers.

The "bit collar criminals", yes I invented the phrase, need no special jail. Gen pop and prison orange and let them enjoy the wonderful accommodations that current prison systems provide.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
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July 03, 2014, 07:42:43 AM
 #9991

http://hashfast.org/14-30725.112.mp3

When will we mere mortals have access to those documents provided to the committee at 5pm the day before the hearing?

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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July 04, 2014, 01:17:24 AM
 #9992

http://hashfast.org/14-30725.112.mp3

When will we mere mortals have access to those documents provided to the committee at 5pm the day before the hearing?

You won't I'm afraid.  They were shared under confidentiality agreements.
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July 04, 2014, 10:23:46 AM
 #9993

So the only thing left for us to do is to wait and hope for the committee to pull some magic tricks out of the hat. Did LB join the committee as an observer as it was proposed during one of the latest hearings?

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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July 04, 2014, 02:48:10 PM
 #9994

http://decentralizedhashing.com/2013/09/hashfast-tapeout-sierra-mpp-new-next-gen-chip/

Quote
Unfortunately it was too early in the game, and they weren’t ready to sign on.  “It was disappointing and frustrating. He really believed at the time (rightfully so) that we had a great idea. Today  – many of those investors regret not funding him the first time,” says John Skrodenis.  Well apparently they did come around, investing enough to design and tapeout the Golden Nonce (GN) chip with the largest, most experienced team that bitcoin mining has seen [to be fucked by].

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July 06, 2014, 09:03:01 PM
 #9995

Received a new letter from the U.S. Bankruptcy Court today:

Quote
ORDER FOR RELIEF
An order for relief under chapter 11 of the United States Bankruptcy Code is hereby entered in the case of In re HashFast Technologies LLC, Case No. 14-30725, effective as of June 4, 2014.
*END OF ORDER*
cedivad
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July 06, 2014, 09:08:59 PM
 #9996

1 month later? Meh...

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
starsoccer9
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July 06, 2014, 10:39:20 PM
 #9997

1 month later? Meh...

yes if you follow this thread its 1 month late. Here you get the news instantly

cedivad
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July 06, 2014, 10:50:09 PM
 #9998

yes if you follow this thread its 1 month late. Here you get the news instantly
The only news we are getting in real time is what it's published on pacer. So basically nothing. I don't like this silence, but hey, we should be used to it by now.

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
pmorici
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July 07, 2014, 12:04:38 AM
 #9999

yes if you follow this thread its 1 month late. Here you get the news instantly
The only news we are getting in real time is what it's published on pacer. So basically nothing. I don't like this silence, but hey, we should be used to it by now.

    There is another hearing scheduled for tomorrow, Monday July 7th, and then the so called, "creditor's meeting" is scheduled for July 8th.  The creditor's meeting is where representatives of the company will be questioned under oath.

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cedivad
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July 07, 2014, 12:12:07 AM
 #10000

The creditor's meeting is where representatives of the company will be questioned under oath.
I'm sure that you have a really good list of questions ready. I just hope it not to yet be another farse like the last one. Will we have a copy of their answers?

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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