HashFast announces specs for new ASIC: 400GH/s

[dan99]

We outsourced our web development, and got stung with a hopelessly underpowered shared solution.

Really? You launched a multi-million dollar project on a $5 shared hosting solution? What kind of idiot are you?

a good hostings is better

[Simon Barber]

And again, have you also outsourced your production and shipping logistics?  This is where both Avalon and BFL have failed. It's very critical information for determining whether or not to purchase.

Yes - production and fulfillment are outsourced - design partly in house and partly outsourced. These days there are many professional companies who specialize in these areas, ISO9001 certified, etc. No need to keep these in house.

[iCEBREAKER]

The development and management of the site was outsourced to an external developer, who came with good credentials, and was not cheap. They selected an unsuitable hosting solution and implemented the site on it. We are no longer working with them, and moving the site.

I hope you didn't pay with bitcoins

Zing!   

To be fair, it's possible the site was under attack.  Haters abound. 

But always separate content creators from hosting providers.  Webmonkeys don't know jack about the other six layers.

[papamoi]

And again, have you also outsourced your production and shipping logistics?  This is where both Avalon and BFL have failed. It's very critical information for determining whether or not to purchase.

Yes - production and fulfillment are outsourced - design partly in house and partly outsourced. These days there are many professional companies who specialize in these areas, ISO9001 certified, etc. No need to keep these in house.

are they as much professionnal as your website developper?

if yes,we are at the beginning of something interesting with you guys

lol

[Flashman]

Yes - production and fulfillment are outsourced - design partly in house and partly outsourced. These days there are many professional companies who specialize in these areas, ISO9001 certified, etc. No need to keep these in house.

Heh, heh, good luck with that, unless you're commanding better than 10% of their current business, expect to get low priority. If they get over 40-50% off a major multinational who gives them a "preferred partner" attaboy to hang in the lobby, expect to get really screwed. If you want to get royal treatment, look for small shops who see you as a lifeline.


ISO 9001 is practically only a documentation standard, where management attempts to shift blame for poor materials and inadequate equipment to production ops by forcing them to sign everything off. Well it can work like that. I don't put any particular store in it... basically when they deliver 50,000 wrong parts, it shortcuts the scapegoat finding process.

[Simon Barber]

Has Hashfast told us what stage they are in design/production? I find it very difficult to believe that they can go from 0 to full miner by October 20th - 30th.

The original design work on this chip started in 2011. The architecture work started then. The current version of the RTL code started in May 2013. The team have been working non stop 18 hour days, 7 days a week since then. We understand the importance of schedule. The chip design is almost complete. We're starting sales now because we're at the point where we the calendar of remaining items is fairly fixed, and we're confident we can deliver.

Simon

[jspielberg]

Has Hashfast told us what stage they are in design/production? I find it very difficult to believe that they can go from 0 to full miner by October 20th - 30th.

The original design work on this chip started in 2011. The architecture work started then. The current version of the RTL code started in May 2013. The team have been working non stop 18 hour days, 7 days a week since then. We understand the importance of schedule. The chip design is almost complete. We're starting sales now because we're at the point where we the calendar of remaining items is fairly fixed, and we're confident we can deliver.

Simon

Thanks for the explanation and history.  I am looking forward to the email updates.

[Gizmosis350k]

I like what Hashfast is doing. Right now even if the difficulty was 370 Mil i'd still ROI in about 6 months

[plasmoske]

I like what Hashfast is doing. Right now even if the difficulty was 370 Mil i'd still ROI in about 6 months

I think you need to re-do your calculations.

[jspielberg]

I like what Hashfast is doing. Right now even if the difficulty was 370 Mil i'd still ROI in about 6 months

Do you mean if it averaged 370m over 6 months? I calculate at an average of 370M it will break even in 120 days... But that would be hard to do because I project 370M in early December.

[nowywbitcoinowymswiecie]

The original design work on this chip started in 2011. The architecture work started then. The current version of the RTL code started in May 2013.... We understand the importance of schedule. The chip design is almost complete. We're starting sales now because we're at the point where we the calendar of remaining items is fairly fixed, and we're confident we can deliver.
Simon

Dear Simon, as we both understand schedule is important, please be so kind and answer my, still unanswered, post:

HashFast is an interesting and much aticipated idea but please tell precisely whats Your plan to send working product to clients at the end of October.
To me this plan looks like quite ambitious one. Slightly too ambitious? I dont see any place for errors and delays. None.

So we have known phases - please provide a list of actions with roughly dates.

To have working device we need to:

1. Design a chip : do You have final design, its valid/seems working etc.? UPDATE: Started: 2011 Status: uncompleted. Estimated time to complete: unknown.
2. Produce Chip : ??Whats You timeline here
3. Design PCB : ??Whats You timeline here
4A. Assembly service : ??Whats You timeline here
4B. BOM - components preorder : ??Whats You timeline here
5. Create software or adapt existing one : ??Whats You timeline here
6. Design/Adapt Case : ??Whats You timeline here
7. Start shipping  : 20-30 October

Above its a quick and dirty estimation of critical minestones of which each one have many intermediate steps. Of course some of them can be done in parallel.

Please provide Your estimations. This will show us how do you approach this project.

[Ytterbium]

Dear Simon, as we both understand schedule is important, please be so kind and answer my, still unanswered, post:

HashFast is an interesting and much aticipated idea but please tell precisely whats Your plan to send working product to clients at the end of October.
To me this plan looks like quite ambitious one. Slightly too ambitious? I dont see any place for errors and delays. None.

So we have known phases - please provide a list of actions with roughly dates.

To have working device we need to:

1. Design a chip : do You have final design, its valid/seems working etc.? UPDATE: Started: 2011 Status: uncompleted. Estimated time to complete: unknown.
2. Produce Chip : ??Whats You timeline here
3. Design PCB : ??Whats You timeline here
4A. Assembly service : ??Whats You timeline here
4B. BOM - components preorder : ??Whats You timeline here
5. Create software or adapt existing one : ??Whats You timeline here
6. Design/Adapt Case : ??Whats You timeline here
7. Start shipping  : 20-30 October

Above its a quick and dirty estimation of critical minestones of which each one have many intermediate steps. Of course some of them can be done in parallel.

Please provide Your estimations. This will show us how do you approach this project.

Hey, people are throwing money at him! No need to answer pesky questions like that!  If you want to know fly over there and sign an NDA!

[AussieHash]

The original design work on this chip started in 2011. The architecture work started then. The current version of the RTL code started in May 2013. The team have been working non stop 18 hour days, 7 days a week since then. We understand the importance of schedule. The chip design is almost complete.
....

Hi Simon,

Can you confirm that you are still on track for an August tapeout ?
https://www.hashfast.com/uniquifystatemen/

Can you confirm that you have chosen and signed with a fab ?
Can you tell us what your fab time estimate is ? Do you have a rocket priority run ?
Have you chosen and signed with bumping, dicing and packaging partners and what is your timeline for these ?
Have you already finalised your PCB design, contracted partners and started manufacturing ?
Have you finalised your rig design, cooling, PSU and contracted a manufacturer ?

If you ship in December - your customers will take a bath on this.

[HashFast]

The original design work on this chip started in 2011. The architecture work started then. The current version of the RTL code started in May 2013. The team have been working non stop 18 hour days, 7 days a week since then. We understand the importance of schedule. The chip design is almost complete.
....

Hi Simon,

Can you confirm that you are still on track for an August tapeout ?
https://www.hashfast.com/uniquifystatemen/

Can you confirm that you have chosen and signed with a fab ?
Can you tell us what your fab time estimate is ? Do you have a rocket priority run ?
Have you chosen and signed with bumping, dicing and packaging partners and what is your timeline for these ?
Have you already finalised your PCB design, contracted partners and started manufacturing ?
Have you finalised your rig design, cooling, PSU and contracted a manufacturer ?

If you ship in December - your customers will take a bath on this.

====================================
Can you confirm that you are still on track for an August tapeout ?
https://www.hashfast.com/uniquifystatemen/
- Yes

Can you confirm that you have chosen and signed with a fab ?
- Yes

Can you tell us what your fab time estimate is ? Do you have a rocket priority run ?
- Cannot publish details. have 3-way NDA between ourselves, Uniquify and the Fab

Have you chosen and signed with bumping, dicing and packaging partners and what is your timeline for these ?
- Yes.  Many of these tasks are carried out in the fab.  See above.

Have you already finalized your PCB design, contracted partners and started manufacturing ?
- Yes, yes, no.

Have you finalized your rig design, cooling, PSU and contracted a manufacturer ?
- Yes, yes, yes,  negotiating with several. 

If you ship in December - your customers will take a bath on this.
- We wont.  And we'll protect our customer's against hashrate increases.
Expect details on Monday

Thanks!

Eduardo deCastro
Founder and CEO,
HashFast Technologies

[WastedLTC]

Not sure why the NDA is needed or why u would only accept BTC.  I can see if you were shipping the next day, BTC only wouldn't be a problem.   Your pricing is not at the same level as your risk.   If it was, you would have sold much more than your site was showing. 

I just don't see where you are deriving your value when so many of your details are not released.

I'll be watching but right now, not impressed at all.

[crumbs]

...
I'll be watching but right now, not impressed at all.

Well, i am.  If you're not, that's because you're looking at this the wrong way. 
Think of HashFast as a bear riding a bicycle:  It's not how well it does it, but that it does it *at all*.

[Syke]

The chip design is almost complete. We're starting sales now because we're at the point where we the calendar of remaining items is fairly fixed, and we're confident we can deliver.

So confident in your schedule that you'll offer refunds in October, November, December, January 2014? That's not very confident at all!

[cypherdoc]

The chip design is almost complete. We're starting sales now because we're at the point where we the calendar of remaining items is fairly fixed, and we're confident we can deliver.

So confident in your schedule that you'll offer refunds in October, November, December, January 2014? That's not very confident at all!

well, step back and think about it.  all they're asking you to do is tie up your BTC's for 4.5 mo.  if they don't deliver get a refund.  that's not bad at all considering what they're developing, the full results of which have not been disclosed yet.

[crumbs]

... that's not bad at all considering what they're developing, the full results of which have not been disclosed yet.

A pig in a poke?

[cypherdoc]

... that's not bad at all considering what they're developing, the full results of which have not been disclosed yet.

A pig in a poke?

no, the efficiency of this chip is going to far exceed that of any of their closest competitors.