HashFast announces specs for new ASIC: 400GH/s

[dexX7]

Are those computer cases there possibly baby jets in the making?

I had the same thought. But it looks like those are just computer cases.

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[tacotime]

Update from hashfast;

• HashFast claims that they are at fault for the delay in the application to substrate and no other company.
• MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.  Three factors determine the ROI as given by the MPP: Device hash rate, network difficulty, and the estimated network hashrate.  Individual operation uptime/downtime does not play a role in the calculation.
• HashFast states that it's their fault that pictures have not been available yet (because of the NDAs they signed with other companies that preclude their publishing) and that the NDAs themselves are not allowed to be published according to the other manufacturers.  HashFast will be working in the near future to provide some kind of undeniable evidence of a functional product.
• Batch 1 will be shipped before Dec 31st, and HF anticipates that batch 2 will also be shipped before this time but cannot guarantee this claim given the current delay they have experienced.
• Throughput at the assembly facility will be over 1000 machines per day, and these machines will be sent directly from the assembly house to the customer.
• The case for refunds for customers who purchased miners before August 15th is being reviewed.

If you guys haven't seen already,

My hashfast contact and I have been working on the cgminer driver for a while for this protocol, and fortunately since they contacted me early, their final protocol is quite different to what they originally had in mind. I'm very pleased with the design overall, and the cgminer driver for it we've been working on will be pushed to a public repository tomorrow.

[regular]

Are those computer cases there possibly baby jets in the making?

I had the same thought. But it looks like those are just computer cases.

actually that makes sense.  I'm sure they would show off the BJ cases like the Sierra case if they were available.  Cmon show some pics of them already!

[Syke]

• MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.
  

Stick it to the fiat buyers. Two buyers paying the same day, one pays in BTC the other in fiat. One gets MPP, the other gets nothing. Ouch!

[DPoS]

they arent even trying to say November anymore?

I doubt they are playing up a huge early surprise here..  better hammer out that MPP and what you will hash in real numbers and see if it adds up

[ninjarobot]

• MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.

I think the MPP is based entirely on BTC period.

According to MPP terms on https://hashfast.com/miner-protection-program/

If I didn’t pay in Bitcoin, how do you calculate the purchase price under the MPP and compare it to the amount Bitcoin generated?

If you paid in USD or other fiat currency, HashFast will base the calculations on the BTC to USD (or other currency) exchange rate we gave our customers the day of your purchase.

[DeathAndTaxes]

• MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.

I think the MPP is based entirely on BTC period.

According to MPP terms on https://hashfast.com/miner-protection-program/

If I didn’t pay in Bitcoin, how do you calculate the purchase price under the MPP and compare it to the amount Bitcoin generated?

If you paid in USD or other fiat currency, HashFast will base the calculations on the BTC to USD (or other currency) exchange rate we gave our customers the day of your purchase.

tacotime please get a clarification because you may have just kicked over a hornets nest and if it is simply a miscommunication it might be a good idea to post a retraction.

[dhenson]

Has anyone actually run the numbers on MPP?  The figures I'm looking at still don't put me in the black after receiving 4x after 90 days.

Oh, and no point in getting worked up over the BTC/USD issue...

If BTC value doubles against the dollar, are you still going to give me up to four times my original capacity?

Yes. The entire MPP program is based on BTC, which is a key reason we sell our machines for BTC. The increase in BTC-to-USD exchange rates may mean that you achieve fantastic ROI, even though your Baby Jet doesn’t generate the amount of Bitcoin you paid for it.  We ignore that in our MPP calculations, and will give you additional hashing capacity even though you achieved ROI on a USD basis.

[pwnyboy]

CIARA is working exclusively with HashFast.  The competition will have to find another industry-leading goliath with logistic experience second to none.

I don't believe that.  How is it that you got Ciara to tie their own hands and agree not to do business with any other manufacturer of crypto hardware (I'm assuming that's what you mean by "competition")?  I call bullshit.  If your agreement really were exclusive, there would be a statement by Ciara to that effect.  I can find no such statement, and of course there was no official joint press-release.

That ridiculous "box of fans" you posted, should've gotten you guys shot by now.  It's an insult to everyones' intelligence.  With that, and as with so many other things, you people talk a good game, but you still lack proof.  So toss it up.  Prove to us that this agreement which you claim is exclusive, is indeed so.  Lest you look like more of the idiot that I've previously called you out to be.

HashFast claims that they are at fault for the delay in the application to substrate and no other company.

Thanks for the tidbit.  That's precisely why I said publicly that an engineer should have given that update, not the bumbling bobble-head marketing guy.

tacotime, you seem to be fulfilling your role quite well as a go-between and (hopefully) a community negotiating partner.  Keep up the good work.

[winit]

Batch 1 will be shipped before Dec 31st, and HF anticipates that batch 2 will also be shipped before this time but cannot guarantee this claim given the current delay they have experienced.

Now that is a worry and seems to be lost in all the other good news.

Remember, unless these are being shipped by Father Christmas himself, you can use 31st December as a date but the days between the 20th December and 6th January are likely to be holiday for a.) Ciara b.) DHL / UPS c.) The recipient.

Given Christmas is a rather busy period for shipping and customs, anything not out of the door by 6th Dec stands a very good chance of not arriving in some parts of the world until at least 6th Jan.

The 20th Dec - 6th Jan dead window is possibly also true of any missing component that is holding up completion of the products. If the substrate is not received by 20th Dec, it's unlikely to magically appear until 6th January at the earliest.

Obviously I don't know what the holiday arrangements are of all concerned but we can be sure the holiday season will add further delays.

[cedivad]

So, nothing for noone before the end of the year. Then if they are real, 4 times the hashrate in march, by supposing that they deliver that in time at least. And even with that, naturally, you won't roi.
Also, their NDAs are protected by an NDA.

Yes, everything now makes sense.

[winit]

So, nothing for noone before the end of the year. Then if they are real, 4 times the hashrate in march, by supposing that they deliver that in time at least. And even with that, naturally, you won't roi.
Also, their NDAs are protected by an NDA.

Yes, everything now makes sense.

No you are twisting what I said.

They say 'Batch 1 shipped before 31st Dec'.

I say 'Ship it before 6th Dec or it stands a good chance of not arriving until 6th Jan' (maybe depending on where you are in the world and customs etc).


I guess if you assume the people involved are working on 30th Dec they could still be shipped before 31st Dec... still unlikely to arrive until at least 6th Jan regardless of where you are in the world.

[cedivad]

I wasn't replying to you... I was replying to the HF's continuously propagandised 31 Dec date.



Just for the luz of us, batch 1 owners, our non-roi if shipped by the end of this month.

4 BTC per BJ, 1/10 of what you spent. BFL style for the win!

[joshv06]

I wasn't replying to you... I was replying to the HF's continuously propagandised 31 Dec date.



Just for the luz of us, batch 1 owners, our non-roi if shipped by the end of this month.

4 BTC per BJ, 1/10 of what you spent. BFL style for the win!

Plus there's electricity costs..

[btc_uzr]

hm, I'm not sure that we will reach a diff of 2104M in 8weeks as this corresponds to 14-15PH/s
I do not see where it should come from

and feb with 11325M ~> 85PH/s is ridiculous from my point of view as it would mean hw for > 1Billion $
Not to speak of March.....or what's about December will we see 17,45 Exahash ??

[ImI]

I wasn't replying to you... I was replying to the HF's continuously propagandised 31 Dec date.



Just for the luz of us, batch 1 owners, our non-roi if shipped by the end of this month.

4 BTC per BJ, 1/10 of what you spent. BFL style for the win!

LOL! Whoever takes you serious does a big mistake....

[Ytterbium]

• Batch 1 will be shipped before Dec 31st, and HF anticipates that batch 2 will also be shipped before this time but cannot guarantee this claim given the current delay they have experienced.
• The case for refunds for customers who purchased miners before August 15th is being reviewed.

So we've gone from two weeks to two months.  BFL 2.0!

Of course, they could theoretically ship before the middle of November.

On the plus side this gives people considering a lawsuit more time.

Oh, and it also means a lot more money for KnC customers  [/list]

[cedivad]

You don't see that hashrate coming?
Why don't you bet against me? That will allow to hedge my investment and will be free money for you.

[btc_uzr]

You don't see that hashrate coming?
Why don't you bet against me? That will allow to hedge my investment and will be free money for you.

Get me right, I know how it feels to see diff raising and delivery date moving away.
It makes you think irrational caused by the fear of loosing money, no?

I could argue exactly the same way for btc value increase as you do regarding diff increase:
BTC value increased the last years by xxxx% a yr, and the last 14days by a remarkable % step,
keeping this increase would predict that ~40BTC your mined BTC will be way more money than you paid for your hardware..


Do not take those numbers from the mining-calculator for granted.
When you do some research what's going to be shipped and in which time frame, you will be more relaxed than now.
All this hashing power you fear has to be produced and paid first, and I just do not see how the hw costs for the BTC infrastructure will become more in value than the currency itself.

Comparing amount of BTC at point in time of preorder with expected ROI in btc is the wrong way to calculate things.
You could have bought those BTC at the day you spent yours and you could have paid in fiat as well.

Keep in mind mining is sth. else than speculation, as there are downtimes, fires, broken parts, noise, heat, electricity, hw/sw issues,...
If you love dealing with hw/sw this is a great hobby, for getting rich you should not start mining at all but speculate instead.

So if you're unhappy with your investment and you cannot get a refund, how about selling your pre-orders on ebay like those BFL preorders have been sold. I'm sure sooner or later you can sell them for 5% more than you have paid.

btw:
I've already bet against your HF preorder with my KnC preorder I assume, as I intent to run my device some time
Yours will have a better GH/s per $ and GH/s per W, and in addition this MPP, so in long term I have to be really afraid of your hw as it will still be profitable when I have to switch mine off.

[tacotime]

• MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.

I think the MPP is based entirely on BTC period.

According to MPP terms on https://hashfast.com/miner-protection-program/

If I didn’t pay in Bitcoin, how do you calculate the purchase price under the MPP and compare it to the amount Bitcoin generated?

If you paid in USD or other fiat currency, HashFast will base the calculations on the BTC to USD (or other currency) exchange rate we gave our customers the day of your purchase.

tacotime please get a clarification because you may have just kicked over a hornets nest and if it is simply a miscommunication it might be a good idea to post a retraction.

Hey,

It may have been a miscommunication; this is what they said:

If you paid in USD or other fiat currency, HashFast will base the calculations on the BTC to USD (or other currency) exchange rate we gave our customers the day of your purchase.

I'll double check, it may indeed be the case that everything is in BTC regardless of the way in which you paid for it.