HashFast announces specs for new ASIC: 400GH/s

[cypherdoc]

i spent the day there yesterday.  got a chance to meet all the team and spent good time with Eduardo and Simon, the principals.  sitting down with ppl and looking them in the eye speaks volumes.

these guys are legit and the Hashfast office is embedded within Uniquify physically.  their team was hard at work.   was fortunate to also speak to some of the important Uniquify ppl as well.  they truly have the customer in mind first and foremost.  

they are doing extraordinary things and i am looking forward to the next generation of ASIC mining.

[1714773348]

1714773348

[1714773348]

1714773348

[1714773348]

1714773348

[1714773348]

1714773348

[1714773348]

1714773348

[gateway]

Our site is up... minus the product offerings.
www.hashfast.com

More to come...

+1

yep we notice earlier!

cheers and congrats..

This looks pretty but what the heck is it? http://hashfast.com/hashfast-asic-chip/

anyone with knowledge care to explain?

[HashFast]

Our site is up... minus the product offerings.
www.hashfast.com

More to come...

will you remain private or "ipo" to bitcoiners

Good Question. I guess it would depend on whether or not we needed capital for something.
We're having too much fun to discuss an exit...

John

[Kouye]

Hi John,
Care to explain the most entertaining twitter account deletion, too, please?

[HashFast]

Make sure your order queue system is extremely clear and transparent.  Aside from delays, nothing causes more angst on these boards then order queue positioning.  And of course delays just make it worse.

If I were I would make sure the queue system is programmed and automated and clear to the user before you take orders.  (If you don't want to disclose exactly how many units are in the queue, you should do something like show a percentage: i.e. what percentage of orders are in front of you, and what % of orders has already shipped)

We hear you. We intend to be as transparent as possible about sales volume, and order queue.

Also, you probably want hire someone specifically to deal with customer service.

I completely agree with you.  I'm also interested in hearing what kinds of customer service issues you've experienced.

John

[Kouye]

Hi John,
Care to explain the most entertaining twitter account deletion, too, please?

[TheFuneral]

i spent the day there yesterday.  got a chance to meet all the team and spent good time with Eduardo and Simon, the principals.  sitting down with ppl and looking them in the eye speaks volumes.

these guys are legit and the Hashfast office is embedded within Uniquify physically.  their team was hard at work.   was fortunate to also speak to some of the important Uniquify ppl as well.  they truly have the customer in mind first and foremost.  

they are doing extraordinary things and i am looking forward to the next generation of ASIC mining.

Glad to see some Bay Area love on the boards. Keep it up Silicon Valley. Will gladly pre-order when your guys are making those for people. Would prefer to have my system hosted by you guys though instead of in my home.

[Bitcoinorama]

i spent the day there yesterday.  got a chance to meet all the team and spent good time with Eduardo and Simon, the principals.  sitting down with ppl and looking them in the eye speaks volumes.

these guys are legit and the Hashfast office is embedded within Uniquify physically.  their team was hard at work.   was fortunate to also speak to some of the important Uniquify ppl as well.  they truly have the customer in mind first and foremost.  

they are doing extraordinary things and i am looking forward to the next generation of ASIC mining.

Glad to see some Bay Area love on the boards. Keep it up Silicon Valley. Will gladly pre-order when your guys are making those for people. Would prefer to have my system hosted by you guys though instead of in my home.

I think they're outsourcing that, from what they mentioned yesterday, Gridfinity were handling hosting...

https://bitcointalk.org/index.php?topic=262052.msg2827605#msg2827605

[gateway]

i spent the day there yesterday.  got a chance to meet all the team and spent good time with Eduardo and Simon, the principals.  sitting down with ppl and looking them in the eye speaks volumes.

these guys are legit and the Hashfast office is embedded within Uniquify physically.  their team was hard at work.   was fortunate to also speak to some of the important Uniquify ppl as well.  they truly have the customer in mind first and foremost.  

they are doing extraordinary things and i am looking forward to the next generation of ASIC mining.

Yep I agree..

btw followed your link in your sig, makes my head spin like your avatar coin

[Ytterbium]

will you remain private or "ipo" to bitcoiners

I don't think any US company would ever do an IPO on one of the bitcoin stock exchanges, it's way to legally risky. Maybe in China it's a different story.

[superduh]

will you remain private or "ipo" to bitcoiners

I don't think any US company would ever do an IPO on one of the bitcoin stock exchanges, it's way to legally risky. Maybe in China it's a different story.

it's happened recently
AND it's ALMOST (90%+) legal now (JOBS ACT that's taking forever to implement)
general solicitation is legal as of now from what i understand and sec will only be coming after actual cases of fraud.
again, they would probably need to speak to a general counsel regarding this but i'm pretty sure if it's not almost legal it will be soon
they can solicit bitcoins for shares of company i'm pretty sure - not sure about as far as listing them on exchanges. hmm

anyways, just threw it out there

[minternj]

Can't remember, are you guys doing pre-orders or no...?

count on it.

[Ytterbium]

it's happened recently
AND it's ALMOST (90%+) legal now (JOBS ACT that's taking forever to implement)
general solicitation is legal as of now from what i understand and sec will only be coming after actual cases of fraud.
again, they would probably need to speak to a general counsel regarding this but i'm pretty sure if it's not almost legal it will be soon
they can solicit bitcoins for shares of company i'm pretty sure - not sure about as far as listing them on exchanges. hmm

The JOBS act has restrictions on how much each person can invest, and yeah it hasn't been implemented (And seriously, WTF is taking so long?)

You can always create a real corporation and issue shares to "qualified investors", but in that case you have to have a certain amount of money to be able to legally invest. OTOH, if you had a foreign investor, that investor could then turn around sell portions of their shares on an exchange, but if something went wrong there wouldn't be any legal recourse.

On the other hand, depending on where bitcoin prices end up these companies could very well end up traded on real stock exchanges (the same way you see gold mining stocks)

[SirWizz]

Maybe it's just me, as I don't get all the excitement... but why would anyone want to buy a 400 GH/s miner in November when you can get one in September from KNC and October from KNC/Bitfury? From what I can tell, the difficulty will rise a lot in October if everyone delivers. Unless these 400GH/s machines are half the price of a 400 GH/s KNC/Bitfury machine I don't think you'll see much of a return.

[jspielberg]

Take it as rumor now... but they could be 1/2 the price according to a newbie post (whom I speculate is a Hashfast sockpuppet).

https://bitcointalk.org/index.php?topic=262052.msg2834621#msg2834621

It's not a scam. It's a legitimate company - I talked with Mr.Bateman and he confirmed that 400g/h miners will be available November 2013 at $4-5k usd.

This means miners of 1 T/Hs or more will be sold for the price of one 500g/h BFL miner

When you guys get these please do not join BTC-guild that is all

[Ytterbium]

Well, if you order a KnC today it should come sometime in October.

[Flashman]

Now, you'll notice that the jump from the P4 to today is way less then the jump between the first Pentium chip and the 286.  That's because thermal issues are a big deal now compared to when the first Pentium came out.

That's kind of my point, a jump from prescott class technology that the gigahash level tech is on, to current process size shouldn't be worth a 100X performance increase.

There's also the die size issue.  HashFast may simply be making really large chips. That's what KnC plans to do, and they're planning on at least 100Ghash per chip, compared to 0.3 for the Avalon.

I'm not thinking huge chips improve their chances in any way at all with dealing with power and heat issues.

KNC's "device" is odd, filtering what they have said has lead me to believe they are putting 4 dies in one package.

[Simon Barber]

The problem with making less chips is that nobody will quite believe that they are not going to make more in the future, so they will be nervous at spending 1000 per chip when they might end up competing with people who paid a third of that in a couple of short months... (AM schooled a lot of people with that methinks)

The problem with making more chips is total market saturation and the whole bitcoin world pissed off at you, because it's practically holding a gun to your head and saying "Buy our chip or give up mining" because it's gonna turn everything else into doorstops in short order.

At Hashfast we know that the best thing for bitcoin is a healthy, strong mining ecosystem. We are working on a pricing and release strategy to make sure miners make money (including the smaller guys), and the ecosystem remains vibrant. Without this bitcoin is damaged, and value is lost for everyone. By releasing capacity at a limited rate and reasonable price we help defend the network against the large, centralized secret mines that are surely coming. This is the best result for everyone.

[Nemo1024]

The problem with making less chips is that nobody will quite believe that they are not going to make more in the future, so they will be nervous at spending 1000 per chip when they might end up competing with people who paid a third of that in a couple of short months... (AM schooled a lot of people with that methinks)

The problem with making more chips is total market saturation and the whole bitcoin world pissed off at you, because it's practically holding a gun to your head and saying "Buy our chip or give up mining" because it's gonna turn everything else into doorstops in short order.

At Hashfast we know that the best thing for bitcoin is a healthy, strong mining ecosystem. We are working on a pricing and release strategy to make sure miners make money (including the smaller guys), and the ecosystem remains vibrant. Without this bitcoin is damaged, and value is lost for everyone. By releasing capacity at a limited rate and reasonable price we help defend the network against the large, centralized secret mines that are surely coming. This is the best result for everyone.

Amen to that. This is the best and the most confidence-building statement so far. Thank you.

[NetTime]

Anxiously waiting for details on the product lineup.