HashFast announces specs for new ASIC: 400GH/s

[Bargraphics]

Be careful when purchasing Units that have MPP
https://hashfast.com/miner-protection-program/

Limitations

The Miner Protection Program is not a form of insurance, has no cash value, and cannot be sold, licensed or transferred by a customer. Customer will pay and be responsible for all taxes, duties and shipping for ASICs supplied under the Miner Protection Program. Additional ASICs supplied under the Miner Protection Program will be supplied only to the original purchaser, and may only be shipped to the same address as the original purchase. Nothing in the description of the Miner Protection Program should be read as a reliable or binding forecast of network hashrates, difficulty levels or other future events. The HashFast Terms of Sale sent to you (or if not sent to you, then found here: Terms of Sale) apply to the Miner Protection Program. “HashFast” as used above refers to HashFast Technologies LLC. HashFast™, the HashFast logo, Miner Protection Program™, and MPP™ are the trademarks and service marks of HashFast Technologies LLC.

[ninjarobot]

Clearly HF is in a difficult situation now. They are delayed and need to take some steps to compensate for that. As Wesly already pointed out, compensating Batch 1 customers will piss off Batch 2 customers and so forth. Pleasing everyone is not economical (HF is a company that needs to make money after all).

So how about this: With the delays and extreme difficulty growth it is obvious that even with MPP after 3 months Batch 1 customers are not going to break even. Knowing this, why not ship the MPP modules on an accelerated schedule immediately after Batch 3? This should not add significant cost to HF, respects Batch 2 and 3 customers and gives Batch 1 customers a slightly better chance of recovering their investment.

When it comes to Sierra upgrades: Offering upgrades from the BJ case to the Sierra case for Batch 1 customers would be a nice gesture, but personally I don't care about the case since it will be easy to make the modules work with any off the shelf case anyway.

[Blazed]

Why do you people still pre order??!!? 

[Ytterbium]

i'll take 9 of your BJ's for $1250 each.

It's about how much it will cost me to have the initial amount back following the legal route. So that route is preferred, again. Expecially if i can find other people to share the cost of the laywer with.

you're in Batch 1 with MPP, correct?  what's your order #?

One of the last ones. Yes, batch 1 with mpp. Also, they told me that the units would be delivered with sierra cases since that i asked.
But hashfast has the super facilities to delivery 500 boxes in 1 day, right? So why do you care about the order number?

You guys should group together and hire a lawyer to demand a refund. HF new there could be delays when they published the October dates, that's why their guarantee says they only have to deliver by January (or whatever) in order to pay a refund. 

As per the FTC rules everyone knows, they're legally required to offer a refund until they ship. And frankly, even if they ship tomorrow you won't make your money back.

Only problem is legally they may only need to refund the US amount you paid.

[cedivad]

Only problem is legally they may only need to refund the US amount you paid.

I've already opened a thread to gather people to make a cause against hashfast with, but there where no success until now. However i'm proceeding by my own, i'm having a good email conversation with a lawyer in this moments...

[perezoso]

When it comes to Sierra upgrades: Offering upgrades from the BJ case to the Sierra case for Batch 1 customers would be a nice gesture, but personally I don't care about the case since it will be easy to make the modules work with any off the shelf case anyway.

I shouldn't have used the word "case". What I meant, and should have explained, was a Sierra ready to be fully populated with the forthcoming MPP miniboards (i.e. with boards, fans, power supply, etc...).  In other words, ready to be hashing the same day that the MPP miniboards arrive with no additional customer expense.

I know some people think that's trivial, but if the profitability of these machines is marginal at best, saving that hassle and a few hundred bucks per box in extra hardware costs is helpful.

Again, I'm not saying this is *the* solution, it's a step in the right direction...

[MrTeal]

Does everyone really expect a prompt refund from a company founded by a guy who's claim to fame is spending the better part of the last decade promoting affiliate porn websites? Your best bet may be to try and cancel on the grounds that the verbiage had been listed as "shipping Oct 20-30" in the forums and on their website while the Dec 31st date was buried in fine print, but you would have to push pretty hard (pun partially intended) to get any kind of legal recourse through. They most likely aren't just going to give you your money back, there's a reason they weaseled that "guaranteed" date into the fine print.

[cedivad]

Does everyone really expect a prompt refund from a company founded by a guy who's claim to fame is spending the better part of the last decade promoting affiliate porn websites?

I didn't know that.

[Minor Miner]

Does everyone really expect a prompt refund from a company founded by a guy who's claim to fame is spending the better part of the last decade promoting affiliate porn websites?

Could you elaborate?

[MrTeal]

http://www.linkedin.com/profile/view?id=6819866
Sr Vice President, Marketing and Sales
CNE Media
January 2007 – June 2013 (6 years 6 months)San Francisco Bay Area

Managed all aspects of online marketing for a diverse portfolio of consumer websites, including affiliate and email marketing, SEM, SEO, UX, graphic design, traffic arbitrage, social media, brand development and public relations.

Hey, what's CNE Media?
http://cnemedia.com/?page_id=22

About Us

Vision
To be the world’s most recognized and respected company promoting acceptance.

Mission
Creating the most authentic experiences, fostering community and empowering people to explore.

Values

    We provide a fun workplace which stimulates innovation and creativity.
    We operate with honesty and integrity.
    We treat one another with professionalism and respect.
    We foster collaboration while maintaining individual accountability.
    We encourage candid, direct feedback.
    We are proud of who we are, what we do, and how we do it.

Business Practices
CNE Media as an employer:

    CNE Media is an equal opportunities employer. Our 100+ employees include 40% women, a diverse mix of communities of color, and a strong representation from the LGBTQQ communities.
    Employees are well paid and receive full benefits: health, dental, vision and employer matched 401K.
    CNE Media usually hires production staff at the entry level, and provides a career path with training.
    CNE Media has an unusually low turnover of employees.
    Our building provides a clean, safe working conditions that complies with all cal/OSHA requirements
    CNE Media has made a strong commitment to community

Well, that doesn't say a whole lot and there sure isn't much information on their website for what is supposed to be a marketing company.

I wonder what that job opening is for?

JOB OBJECTIVE:
 
Maximize the revenue streams from content placed through alternative (non-kink.com) distribution channels and oversee the collection and editing of content for Behind Kink in order to maximize the value of the property.
 
ESSENTIAL JOB FUNCTIONS:

    Manage relationship with alternative content distribution channel partners.
    Edit content for marketing needs including but not limited to promotional content.
    Edit and deliver content/assets to distribution channel partners.
    Coordinate the collection of content from throughout the Kink.com organization for use on Behind Kink.
    Responsible for shooting content for Behind Kink when needed.
    Ensure that Behind Kink is updated a minimum of 2 times each month.
    Manage and organize media, source tapes and spit tapes.
    Update and maintain stock footage database.
    Perform other job-related duties and work on special projects as needed.

 
ESSENTIAL JOB REQUIREMENTS:
 
Knowledge and Skills:

    Knowledge of industrial video cameras and shooting concepts.
    Knowledge of editing software: Final Cut Pro 5.1.4.
    Knowledge of documentary/news editing practices and concepts.
    Familiarity with Microsoft Office Suite, Photoshop, Motion and DVD Studio Pro software.
    Excellent writing skills.
    Excellent written and verbal communication skills.
    Comfortable working in an Adult Entertainment work environment.


Abilities:

    Able to work in a fast-paced, quickly changing work environment.
    Able to multitask and manage several different projects at different stages of production simultaneously.

 
Education and Experience:

    3 years of experience in the film or video industry.
    Bachelor of Art in Film/Video or Industry related vocational certificate.

[ninjarobot]

Seems to be related to this site: http://www.potofmoney.com/

Let's face it, ASIC miners are porn for nerds, so John certainly has the credentials!

[perezoso]

Meh.  Seems to be kink.com.  So what?  They hired a guy that worked for bondage video producer.  Questionable career choice, but not really germane to the question at hand.   I don't think he was on the "team" until a few weeks ago, IIRC.

[Minor Miner]

This was known "traffic arbitrage".  Not the founder.  Yes, and the bios highlight the best company names also, not necessarily the most recent, that is typical of a bio.
If you can dig up dirt on Uniquify or TSMC as not being capable of designing this chip and producing and packaging this chip, then I am interested.
Do not much care that the head of sales may not know that much about shipping physical products as long as Ciarra does.

[Micky25]

another question might be: did he work in front or behind the camera?

[cedivad]

This was known "traffic arbitrage".  Not the founder.  Yes, and the bios highlight the best company names also, not necessarily the most recent, that is typical of a bio.
If you can dig up dirt on Uniquify or TSMC as not being capable of designing this chip and producing and packaging this chip, then I am interested.
Do not much care that the head of sales may not know that much about shipping physical products as long as Ciarra does.

I've yet to see a single picture of anything, let it be a fan, a screw, something.
They would have delivered this week, right? So, where is everything?

[btc_uzr]

@cedivad

as long as they deliver sth at all, stupid ebayers might be the better choice than a lawyer

Avalon, 60 GHps, 595 Watts, >$1000, 6bids
http://www.ebay.com/itm/Brand-New-Genuine-Avalon-2-Module-Bitcoin-ASIC-Miner-60-GHps-595-Watts-/171153020969?pt=LH_DefaultDomain_0&hash=item27d983d829

KnC Saturn (Nov), 275GH/s,  < 275W, $3000, available for order, will be shipped in 3-4 weeks

[ProfMac]

This was known "traffic arbitrage".  Not the founder.  Yes, and the bios highlight the best company names also, not necessarily the most recent, that is typical of a bio.
If you can dig up dirt on Uniquify or TSMC as not being capable of designing this chip and producing and packaging this chip, then I am interested.
Do not much care that the head of sales may not know that much about shipping physical products as long as Ciarra does.

I've yet to see a single picture of anything, let it be a fan, a screw, something.
They would have delivered this week, right? So, where is everything?

When I have an appointment to meet someone between 15:00 ... 15:10, it does not matter where I am at 14:30.

[Minor Miner]

This was known "traffic arbitrage".  Not the founder.  Yes, and the bios highlight the best company names also, not necessarily the most recent, that is typical of a bio.
If you can dig up dirt on Uniquify or TSMC as not being capable of designing this chip and producing and packaging this chip, then I am interested.
Do not much care that the head of sales may not know that much about shipping physical products as long as Ciarra does.

I've yet to see a single picture of anything, let it be a fan, a screw, something.
They would have delivered this week, right? So, where is everything?

I think that is a fair question.   They would not deliver to the office but there should be stuff at the Montreal assembler.   Obviously, there would be cases/fans etc. there by now.   I am not sure if people are there, but a few pictures would go a long way.   Or maybe a few screen shots from TSMC's great order system where you can monitor the status of your chip through the process.   I think CIARA Tech has the same type of portal that you can see your job status.
That seems like a fair request.

[winit]

This was known "traffic arbitrage".  Not the founder.  Yes, and the bios highlight the best company names also, not necessarily the most recent, that is typical of a bio.
If you can dig up dirt on Uniquify or TSMC as not being capable of designing this chip and producing and packaging this chip, then I am interested.
Do not much care that the head of sales may not know that much about shipping physical products as long as Ciarra does.

I've yet to see a single picture of anything, let it be a fan, a screw, something.
They would have delivered this week, right? So, where is everything?

I think that is a fair question.   They would not deliver to the office but there should be stuff at the Montreal assembler.   Obviously, there would be cases/fans etc. there by now.   I am not sure if people are there, but a few pictures would go a long way.   Or maybe a few screen shots from TSMC's great order system where you can monitor the status of your chip through the process.   I think CIARA Tech has the same type of portal that you can see your job status.
That seems like a fair request.

The release this week did say they were going to provide a live tracking portal so I assume that is on the way.

[cedivad]

I've filed a FTC compilant for my amount. I would like you guys to do the same. It's a free, painless process that is really relaxing (compared to reading these forums) and takes about 15 minutes. You can do it here:

https://www.ftccomplaintassistant.gov/GettingStarted?NextQID=70&Url=%23%26panel1-6

Also, i need help on deciding who to contact on this huge list, to prosecute offenders of consumer laws (since that it looks like that it can be done privately and not):
http://www.usa.gov/directory/stateconsumer/california.shtml

I have to take a flight tonight, so i can't do it. However i will probably spend a lot of time tomorrow calling them via Skype.

@btc_uzr; as you said, if they delivery anything at all. I'm really negative about it. They have show us nothing, so i just want my money back, rather than waiting and hoping as with butterflylabs.

@ProfMac: it matters since that the appointment is a very difficult exam you have to study for.

@Minor Miner: exactly. Now i wonder why it's taking 2 Weeks™ to have a picture of that something promised a few pages ago.

@winit: they have promised a LOT. For now, they have done NOTHING. I don't see why we should be able to have a "live tracking" of what's happening, especially since that everything that has to do with chip is under NDA, remember?