HashFast announces specs for new ASIC: 400GH/s

[paranoidx]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

[Gyrsur]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

right if you payed in BTC.

otherwise not predictable or do you know the future price of BTC?

[Vagnavs]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

right if you payed in BTC.

well, the only options were BTC or bank transfer. I'm assuming most people did option 1, BTC.

[Micky25]

HashFast is having a delay, informed the investors in very professional way with deep details about.

3 days after due delivery start.

[Gyrsur]

HashFast is having a delay, informed the investors in very professional way with deep details about.

3 days after due delivery start.

estimate their input of communication regarding this issue. without no proof argumentation is without value.

EDIT: I do not stand up for HashFast but I do/did have orders with all 4 companys above. HashFast seems to me the company which is the most reliable beside BitFury but Bitfury is not really comparable to HashFast.

End of discussion from my side.

[paranoidx]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

right if you payed in BTC.

otherwise not predictable or do you know the future price of BTC?

Well of course I want a return from the BTC I spent.  To all the people that say they are still gonna make a profit in $ because they paid in dollars, you have to understand that you would have made a greater profit had you just bough BTC instead of the miner.

$5600 = 60BTC when I bought my miner. Those 60 BTC I will never be able to recover.
Had I just held those 60BTC I would now have ~$12,000.

[Gyrsur]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

right if you payed in BTC.

otherwise not predictable or do you know the future price of BTC?

Well of course I want a return from the BTC I spent.  To all the people that say they are still gonna make a profit in $ because they paid in dollars, you have to understand that you would have made a greater profit had you just bough BTC instead of the miner.

$5600 = 60BTC when I bought my miner. Those 60 BTC I will never be able to recover.
Had I just held those 60BTC I would now have ~$12,000.

nonsense! decide before you invest about the role you will play. speculator or supporter of the network.

[Visesrion]

Well, the main thing here is when are going to ship the 2 bach sierras and upgrades.
Why dont HF goes straigh with just sierras and leave the babyjets ? It seems they just focus in sierras design indeed.
The boards and chips are the same, so why not ship this first customers a sierra ?

As I suppose they are going to ship this 2 batch units really close to the first batch, so it would be a way to reward this first customers for the delay, to reward also for the sales they made where you can buy x3 hashing power at the same price and they may earn a lot in long term if they dont have to send MPP chips/boards by sending more power.

[pwnyboy]

These machines are not meant to last just a month, but to generate value over a longer horizon — a goal only accomplished by building reliable, high quality products.

If Hashfast REALLY felt that way, it would guarantee its hardware for a more reasonable timeframe, like 180 days.  It's obvious that the ROI of your products will be either thin, or nonexistant, particularly for those who paid you with BTC.  Don't add insult to injury.  Man up and increase the warranty period, or stop making ridiculous statements.  kthx.

[paranoidx]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

right if you payed in BTC.

otherwise not predictable or do you know the future price of BTC?

Well of course I want a return from the BTC I spent.  To all the people that say they are still gonna make a profit in $ because they paid in dollars, you have to understand that you would have made a greater profit had you just bough BTC instead of the miner.

$5600 = 60BTC when I bought my miner. Those 60 BTC I will never be able to recover.
Had I just held those 60BTC I would now have ~$12,000.

That's the risk that you take on a pre-order.

Yes, I understand that.  I am just pointing out that by not keeping their promise, this company has let us down.

[paranoidx]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

right if you payed in BTC.

otherwise not predictable or do you know the future price of BTC?

Well of course I want a return from the BTC I spent.  To all the people that say they are still gonna make a profit in $ because they paid in dollars, you have to understand that you would have made a greater profit had you just bough BTC instead of the miner.

$5600 = 60BTC when I bought my miner. Those 60 BTC I will never be able to recover.
Had I just held those 60BTC I would now have ~$12,000.

nonsense! decide before you invest about the role you will play. speculator or supporter of the network.

Nonsense??

I am glad I am supporting the network.  I truly believe in the importance of what Bitcoin is and believe it will change the future.

On a side note, I purchased a pre-order for a product that was supposed to delivered in a certain time frame (Oct20th-Oct30th).
I will now have lost BTC because this company was not able to deliver on time.

[HashFast]

UPDATED SHIPPING NEWS

We know you’re eager to get production updates, so we wanted to fill you in on some important news.

We now have a more accurate picture of our anticipated shipping timeline.  The majority of the project is on track and, in many cases, ahead of schedule. However, one important component, the substrates, is going to take a few weeks longer than we wanted.

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

Since the start, HashFast has been unequivocally committed to the idea that we will produce the highest quality product. We focus on this each and everyday, and have made solid progress by partnering with leading companies across the space such as Uniquify, TSMC, CoolIT, Sea Sonic, and CIARA and, more importantly, by finding a balance between expediency and quality.

We’re standing by that now. While we’d like to have these rigs to you sooner, it’s more important for us to get it right than to rush it. These machines are not meant to last just a month, but to generate value over a longer horizon — a goal only accomplished by building reliable, high quality products.

We’re as eager as any of our miners to see the rigs going into boxes — and until now we’ve been ahead of schedule. After all, we were the first in the industry to tape-out a custom 28nm chip, and thanks to deals with companies like CIARA and Sea Sonic, many of the components for the Baby Jets and Sierras are all ready to go. So as soon as the substrates meet our quality expectations, we’ll be able to move forward with production at incredibly quick rates.

To that end, and as part of our overall commitment to transparency, we’re posting a live schedule that will allow you to follow the progress of the rigs, and better anticipate when yours will arrive. We’ll be updating the schedule in real time as we get the latest information.

For those customers with our Miner Protection Program, remember you’ll be able to mitigate any time lost hashing with additional ASIC chips. We know that time is money — but so is hashing power. That’s why we designed the Miner Protection Program, and why now, as we reach the finish line, we’re making sure that the machines we produce are better than anything else on the market.

If you’ve got any questions about the production process or the ship dates, please email us directly at support@hashfast.com. We’re eager to get you these rigs, and we’ll be happy to answer any questions.

https://hashfast.com/updated-shipping-news/

-Team HashFast

[Gyrsur]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

right if you payed in BTC.

otherwise not predictable or do you know the future price of BTC?

Well of course I want a return from the BTC I spent.  To all the people that say they are still gonna make a profit in $ because they paid in dollars, you have to understand that you would have made a greater profit had you just bough BTC instead of the miner.

$5600 = 60BTC when I bought my miner. Those 60 BTC I will never be able to recover.
Had I just held those 60BTC I would now have ~$12,000.

nonsense! decide before you invest about the role you will play. speculator or supporter of the network.

Nonsense??

I am glad I am supporting the network.  I truly believe in the importance of what Bitcoin is and believe it will change the future.

On a side note, I purchased a pre-order for a product that was supposed to delivered in a certain time frame (Oct20th-Oct30th).
I will now have lost BTC because this company was not able to deliver on time.

the old discussion: buy or invest in mining equipment. I did read several times here in the forum about this. if you buy directly BTC you will be always more profitable than invest in mining equipment. it depends of what you will be. poor (on fun and expert knowledge) speculator or mining expert. ;-)

EDIT: if you paid with BTC a good tactic will be to buy immediately back the amount of BTC you spend if you have the money left.

[Vagnavs]

If you're going to purchase miners, especially when the company is using preorders. You can expect there to be delays. Seems every company has delayed their product. It's pretty common in this industry.. Read some BFL threads

[matthewh3]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

right if you payed in BTC.

otherwise not predictable or do you know the future price of BTC?

Well of course I want a return from the BTC I spent.  To all the people that say they are still gonna make a profit in $ because they paid in dollars, you have to understand that you would have made a greater profit had you just bough BTC instead of the miner.

$5600 = 60BTC when I bought my miner. Those 60 BTC I will never be able to recover.
Had I just held those 60BTC I would now have ~$12,000.

Going long is always the safest option while quite a few FPGA and ASIC companies have gone bust before shipping or delivered very late before in the past.  Look at how many bitcoins went on BFL gear last year.  This isn't the first and maybe not the last either that this has happened.  

[dopamine]

Fuck me someone start a new thread "hashfast has fucked us even with MMP"

[Syke]

Our updated estimate is that the rigs will begin shipping in mid-November.

Ouch. That's another 2-3 difficulty adjustments.

[paranoidx]

Our vendor has told us that the substrates — one of the final components in completing the chip module  — are going to take a more time than expected.  The good news is that the silicon, arguably the more complicated part of the design, is right on track.  Once the substrates arrive, we can place the silicon and finish production. Our updated estimate is that the rigs will begin shipping in mid-November.

And with that, all your customers just lost any possible chance of a positive ROI...

right if you payed in BTC.

otherwise not predictable or do you know the future price of BTC?

Well of course I want a return from the BTC I spent.  To all the people that say they are still gonna make a profit in $ because they paid in dollars, you have to understand that you would have made a greater profit had you just bough BTC instead of the miner.

$5600 = 60BTC when I bought my miner. Those 60 BTC I will never be able to recover.
Had I just held those 60BTC I would now have ~$12,000.

Going long is always the safest option while quite a few FPGA and ASIC companies have gone bust before shipping or delivered very late before in the past.  Look at how many bitcoins went on BFL gear last year.  This isn't the first and maybe not the last either that this has happened.  

Yes, I'm familiar with the mining scene and have been mining for years now.

It's okay for this company to lie and mistreat us since so many other companies have done it before?  Honestly, we sound like victims of domestic violence.  

What I am trying to say is... I just thought..maybe...just maybe.. HashFast would be different

[canth]

KNC had a delay, did not inform about or to late.

FYI, KNC was supposed to ship in September, but the first customers received them in early October. I received my first unit Oct 4th. Delays are delays, no disagreement, but KNC had a fairly minimal delay.

[crumbs]

...
What I am trying to say is... I just thought..maybe...just maybe.. HashFast would be different

On a more positive note, the coins that you lose aren't really gone -- they're simply mined by other miners.  As the security of the network continues to climb.
Exponentially.