HashFast announces specs for new ASIC: 400GH/s

[ninjarobot]

I don't think this is correct. When I visited HF last week John specifically mentioned that refunds would be done in the currency it was paid in at the amount paid in at the time of the order. So if you paid 50 BTC you will get back 50 BTC.

Another topic was the possibility of refunds and John was pretty specific that if refunds do happen they will be full refunds in the currency the order was paid in (BTC in BTC, USD in USD).

LOL and you believe they will act as it was anounced just verbally to a third person? so if yes start to try it and the others will follow immediately.

I was there in a room with John, Amy and Erin. So yes, I do hope their word is worth something. Call me naive

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[Gyrsur]

I don't think this is correct. When I visited HF last week John specifically mentioned that refunds would be done in the currency it was paid in at the amount paid in at the time of the order. So if you paid 50 BTC you will get back 50 BTC.

Another topic was the possibility of refunds and John was pretty specific that if refunds do happen they will be full refunds in the currency the order was paid in (BTC in BTC, USD in USD).

LOL and you believe they will act as it was anounced just verbally to a third person? so if yes start to try it and the others will follow immediately.

I was there in a room with John, Amy and Erin. So yes, I do hope their word is worth something. Call me naive

that would mean they backed immediately every sale with Bitcoin if the sale was payed with BTC. very unlikely!

were you alone in the room with them?

[ninjarobot]

I don't think this is correct. When I visited HF last week John specifically mentioned that refunds would be done in the currency it was paid in at the amount paid in at the time of the order. So if you paid 50 BTC you will get back 50 BTC.

Another topic was the possibility of refunds and John was pretty specific that if refunds do happen they will be full refunds in the currency the order was paid in (BTC in BTC, USD in USD).

LOL and you believe they will act as it was anounced just verbally to a third person? so if yes start to try it and the others will follow immediately.

I was there in a room with John, Amy and Erin. So yes, I do hope their word is worth something. Call me naive

that would mean they backed immediately every sale witch Bitcoin if the sale was a BTC sale. very unlikely!

were you alone in the room with them?

I agree, and I was surprised that John was so direct and clear about this issue.

I'm pretty sure I didn't misunderstand. This came up because I wanted to illustrate that a BJ paid for with 59 BTC (in my case) would only produce ~15 BTC in a year. But asking for a refund would also be a 50% reduction in BTC (now 66%) if HF would use USD for refunds. John said they would do full refunds for the amount paid in the currency it was paid in and that I could post this on the forum. So there you go.

And yes, it was just me and HF employees.

[Minor Miner]

I don't think this is correct. When I visited HF last week John specifically mentioned that refunds would be done in the currency it was paid in at the amount paid in at the time of the order. So if you paid 50 BTC you will get back 50 BTC.

Another topic was the possibility of refunds and John was pretty specific that if refunds do happen they will be full refunds in the currency the order was paid in (BTC in BTC, USD in USD).

LOL and you believe they will act as it was anounced just verbally to a third person? so if yes start to try it and the others will follow immediately.

I was there in a room with John, Amy and Erin. So yes, I do hope their word is worth something. Call me naive

that would mean they backed immediately every sale with Bitcoin if the sale was payed with BTC. very unlikely!
were you alone in the room with them?

CAN WE JUST DROP THIS?
It is polluting up a thread that we are all watching for the announcement they were supposed to make yesterday and now are supposed to make today.
Any idiot knows that THEY cannot afford to give you your bitcoins back.   What magical thing do you think they invested in that they now have 300% return in a month?   Come on think.
If they refunded the NUMBER of bitcoins you paid, EVERYONE would demand a refund because bitcoins are worth 3 Times what they were when you paid.   TSMC does NOT accept bitcoins, nor does Ciara Tech, and HF did not hold all your money in BTC.

[defcon23]

I don't think this is correct. When I visited HF last week John specifically mentioned that refunds would be done in the currency it was paid in at the amount paid in at the time of the order. So if you paid 50 BTC you will get back 50 BTC.

Another topic was the possibility of refunds and John was pretty specific that if refunds do happen they will be full refunds in the currency the order was paid in (BTC in BTC, USD in USD).

LOL and you believe they will act as it was anounced just verbally to a third person? so if yes start to try it and the others will follow immediately.

I was there in a room with John, Amy and Erin. So yes, I do hope their word is worth something. Call me naive

ok ... éyou was in a room with them..." ............ LOL... and can you please give us more informations?  ;    hum...

[Gyrsur]

did the substrates arrive? next week they will start to ship.

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.

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

[cedivad]

next week they will start to ship.

If this was a dream, yes.

3 hours left to the 24 hours timeframe given yesterday.

[perezoso]

3 hours left to the 24 hours timeframe given yesterday.

Hashfast has planted a virus in your laptop cam, Cedivad.  They plan to post the update just as soon as you go to bed. 

[starsoccer9]

next week they will start to ship.

If this was a dream, yes.

3 hours left to the 24 hours timeframe given yesterday.

Well time is ticking and the chance they dont post an update is very great. Personally at this point every word of theres that they break just gets piled on to the lies we can expect in the future

[Puppet]

Going out on a limb, Im going to hypothesize the "statement" they are preparing is nothing else than a working prototype. And thats why they remained silent and are running late, they are hard at work and want to show the thing working.

Am I betting money on this? Nope, but its just as plausible as all the other theories.

[Visesrion]

Going out on a limb, Im going to hypothesize the "statement" they are preparing is nothing else than a working prototype. And thats why they remained silent and are running late, they are hard at work and want to show the thing working.

Am I betting money on this? Nope, but its just as plausible as all the other theories.

I wish you were right. I would say that the chips are delayed again and we will just see a Babyjet "in production" (prototype) made of a normal pc case, power supply and water cooling. I hope I am wrong 

[cedivad]

Am I betting money on this? Nope, but its just as plausible as all the other theories.

You are giving people false hopes. And no, it's not as plausible as all the other theories.

As someone is suggesting, they are delaying the bad news as long as possible because they are trying to get as much fresh money as possible, and a fresh update on their blog, a bad news, would stop them.

On the other side, Josh re-posting the blogpost of the assembly house, as he recently did, makes sense to restore confidence.

Now an users that is reading of bitcoin and its boom lately is going into hashfast shop from google adwords:




And when he loads the blog, he finds pictures of the assembly facilities.
If this newcomer saw another delay update with bad news on it, instead, the sale would almost certainly be broken.

Does this theory explains everything? I think that it's almost perfect.

[cedivad]

Also, please note that when initially posted, the "Updated Shipping News" blogpost, was written using caps. Now, it's not. It's buried over 4 other "positive" blogposts.

HashFast is really good at marketing. But what about everything else?

[cedivad]

UPDATE!

PRODUCTION UPDATE — 11/07/2013
We want to update our customers on the progress of our machine production.
 
Producing a rig as powerful as the Baby Jet or Sierra requires coordination with a host of fabricators and designers — like the machines themselves, it's a lot of moving parts, and fluid timelines.
 
This is the situation:
 
Silicon Wafer Fabbed Out Successfully
The silicon wafers have completed fabrication. The silicon is the core of the chip, and the complicated etching process that creates the circuitry on the silicon is finished. Now the process is starting of taking this silicon, with its complete circuits, and packaging it into finished chips. The wafers are en route to San Jose, where they will be cut into individual die. We’ll get photos for you soon.
 
Substrate Update
When we designed our substrates, we knew they'd be one of the most unpredictable segments of the chip's production. Substrate production has a lot of risk — at high power, a substrate can overheat, causing a rig to underperform. While rerunning simulations in Cadence, we saw some concerning currents in some of the vias in the substrate. In order to address that, we've been working closely - every day - with both our substrate designers and our manufacturing house. We’ve made key improvements to the design that can be incorporated even into those substrates that are already in manufacturing. Even so, the latest delivery estimates for the modified, improved substrate design are three weeks from today. This means that we would be shipping our first rigs mid-December.
 
Obviously this is an incredible concern to us, and to you. So for the last several weeks, we've been engaged with an additional team to work on an additional substrate, simultaneous with our existing fabricator. Essentially, we now have two teams racing to produce the best and fastest substrate. As soon as that is done, we'll marry the substrates to the finished wafer and begin assembly of the rigs.
 
Miner Protection Program
For those of you covered under the Miner Protection Program™ (https://hashfast.com/miner-protection-program/), this delay will not affect the starting point from which benefits are calculated. For First Batch Baby Jets, the start date of the program will be retroactive to October 30th. We want to make sure a delayed ship date does not reduce the value of the program.
 
A lot of smart, hardworking people are working incredibly long hours to improve our production schedule. If we are able to ship rigs sooner than expected, we'll do so. And, of course, we'll let you know as we receive further information from our production line.
- The HashFast Team

TL;DR: we are screwed; best case first shipping: mid-December; however the MPP could save us.

TL;DRv2: Where is the post update on their blog? Afraid not to scam your customers, HF? Fuck you.

[Gyrsur]

did you guys notice that the MPP option is deleted from new orders?

[HashFast]

HashFast Production Update

We want to update our customers on the progress of our machine production.

Producing a rig as powerful as the Baby Jet or Sierra requires coordination with a host of fabricators and designers — like the machines themselves, it's a lot of moving parts, and fluid timelines.

This is the situation:

Silicon Wafer Fabbed Out Successfully
The silicon wafers have completed fabrication. The silicon is the core of the chip, and the complicated etching process that creates the circuitry on the silicon is finished. Now the process is starting of taking this silicon, with its complete circuits, and packaging it into finished chips. The wafers are en route to San Jose, where they will be cut into individual die. We’ll get photos for you soon.

Substrate Update
When we designed our substrates, we knew they'd be one of the most unpredictable segments of the chip's production. Substrate production has a lot of risk — at high power, a substrate can overheat, causing a rig to underperform. While rerunning simulations in Cadence, we saw some concerning currents in some of the vias in the substrate. In order to address that, we've been working closely - every day - with both our substrate designers and our manufacturing house. We’ve made key improvements to the design that can be incorporated even into those substrates that are already in manufacturing. Even so, the latest delivery estimates for the modified, improved substrate design are three weeks from today. This means that we would be shipping our first rigs mid-December.

Obviously this is an incredible concern to us, and to you. So for the last several weeks, we've been engaged with an additional team to work on an additional substrate, simultaneous with our existing fabricator. Essentially, we now have two teams racing to produce the best and fastest substrate. As soon as that is done, we'll marry the substrates to the finished wafer and begin assembly of the rigs.

Miner Protection Program
For those of you covered under the Miner Protection Program™ (https://hashfast.com/miner-protection-program/), this delay will not affect the starting point from which benefits are calculated. For First Batch Baby Jets, the start date of the program will be retroactive to October 30th. We want to make sure a delayed ship date does not reduce the value of the program.

A lot of smart, hardworking people are working incredibly long hours to improve our production schedule. If we are able to ship rigs sooner than expected, we'll do so. And, of course, we'll let you know as we receive further information from our production line.

- The HashFast Team

[ImI]

the start date of the program will be retroactive to October 30th

Thx! That was indeed a big concern.

[perezoso]

did you guys notice that the MPP option is deleted from new orders?

My bet is that after this experience they move as fast as they can out of pre-orders altogether.  The degree of inducement necessary to get people* to buy preorder potentially threatens their bottom line.

*sane people.

[MrTeal]

HashFast Production Update

We want to update our customers on the progress of our machine production.

Producing a rig as powerful as the Baby Jet or Sierra requires coordination with a host of fabricators and designers — like the machines themselves, it's a lot of moving parts, and fluid timelines.

This is the situation:

Silicon Wafer Fabbed Out Successfully
The silicon wafers have completed fabrication. The silicon is the core of the chip, and the complicated etching process that creates the circuitry on the silicon is finished. Now the process is starting of taking this silicon, with its complete circuits, and packaging it into finished chips. The wafers are en route to San Jose, where they will be cut into individual die. We’ll get photos for you soon.

Substrate Update
When we designed our substrates, we knew they'd be one of the most unpredictable segments of the chip's production. Substrate production has a lot of risk — at high power, a substrate can overheat, causing a rig to underperform. While rerunning simulations in Cadence, we saw some concerning currents in some of the vias in the substrate. In order to address that, we've been working closely - every day - with both our substrate designers and our manufacturing house. We’ve made key improvements to the design that can be incorporated even into those substrates that are already in manufacturing. Even so, the latest delivery estimates for the modified, improved substrate design are three weeks from today. This means that we would be shipping our first rigs mid-December.

Obviously this is an incredible concern to us, and to you. So for the last several weeks, we've been engaged with an additional team to work on an additional substrate, simultaneous with our existing fabricator. Essentially, we now have two teams racing to produce the best and fastest substrate. As soon as that is done, we'll marry the substrates to the finished wafer and begin assembly of the rigs.

Miner Protection Program
For those of you covered under the Miner Protection Program™ (https://hashfast.com/miner-protection-program/), this delay will not affect the starting point from which benefits are calculated. For First Batch Baby Jets, the start date of the program will be retroactive to October 30th. We want to make sure a delayed ship date does not reduce the value of the program.

A lot of smart, hardworking people are working incredibly long hours to improve our production schedule. If we are able to ship rigs sooner than expected, we'll do so. And, of course, we'll let you know as we receive further information from our production line.

- The HashFast Team

How were you on track to ship late October as late as mid October, when your wafers are just out of fab now and on their way to dicing?

[Rampion]

Bad news for Hashfast customers.

Good news for Bitfury and KnC batch 1 customers.

Either way this business model is unsustainable.