HashFast announces specs for new ASIC: 400GH/s

[Visesrion]

deliveryis

Did they really use this "word"?

Yeah, same as prodcution 

[1714005784]

1714005784

[1714005784]

1714005784

[1714005784]

1714005784

[amer]

@HashFast - 3 Dec 13 - 6:46PM ET
GN chip bringup - chip is hashing and first nonce found!!!  PROOF OF WORK RESULT: true (yay!!!)

@HashFast - 3 Dec 13 - 6:48PM ET
GN chip bringup - next steps, verify PLL operation, temperature sensor, and then start raising the clock speed.

[aerobatic]

@HashFast - 3 Dec 13 - 6:46PM ET
GN chip bringup - chip is hashing and first nonce found!!!  PROOF OF WORK RESULT: true (yay!!!)

@HashFast - 3 Dec 13 - 6:48PM ET
GN chip bringup - next steps, verify PLL operation, temperature sensor, and then start raising the clock speed.

good stuff!  we're all eager to hear how fast it runs!?

-- Jez

[cedivad]

A few minutes before that post: We have the need to share that we are having problems.
A few minutes after that post: It's working! Makes me think, but this time i'm probably wrong.

Anyway if they got a result with cgiminer, i suppose that they where using those amazing PCBs, right?

[ImI]

I like them twittering.

WAY better communication than KNC when their chips arrived.

[iCEBREAKER]

I bought my baby jet on 09/01 (TOS of 08/08 stated NO GUARANTEED SHIPPING DELIVERY OF 31ST DEC). TOS changed on 09/09 and several more times all in favor of HF. I do not want a machine that will not bring back its initial investment, built fast to get out the door before 12/31 and will more than likely be defective. With their ambiguous dates and false sense of security via their elusive MPP they have duped all batch 1 customers. I have requested a refund several time (last one on 11/26) and they took a week to carbon copy the BS they tell everyone: "no refund, sell your machine…"

Samantha Owusu that is writing their TOS and can't spell cancellation correctly has not been taking into consideration FTC rules that prevail above the amateur HF TOS.

Hashfast violations of FTC rules
(keep in mind that monetary civil penalties are up to $16,000 per violation)

1. Misleading shipping dates on the product page.
The baby jet batch 1 showed delivery date of 20-30 october on your product page on hahshfast.com and was relied by other media that promoted HF items. It does not matter if HF terms of sale state otherwise, the fact is that HF page was misleading and FTC rules stipulate that "Whether you make a shipment representation or rely on the 30-day rule, your advertising should be unambiguous about when you will ship". This is a 2 months discrepancy and for normal product this is already unacceptable but for the BTC market, where mining hardware is an arm race, this is suicidal. $16K
 
2. Terms of sale and a purchase order is a sales contract between a customer and a merchant. Changing terms of sale should have been notify directly to me and as for a contract each party has to consent to the new terms of the contract or it becomes null and void. $16K

3. Before the product is shipped, according to the FTC rule the customer has all the right to cancel the order no matter if HF wrote on their TOS that they do not accept refund or cancellation as the US LAW prevail before HF TOS and rule. So as stated by FTC "You must cancel an order and provide a prompt refund when:
the customer exercises any option to cancel before you ship the merchandise." It is the company duty to take this into consideration this risk while manufacturing a product. $16K

4. Changing item specs from 350W to 400W. $16K

 "If, after taking the customer’s order, you learn that you cannot ship within the time you stated or within 30 days, you must seek the customer’s consent to the delayed shipment."

The FTC investigates fraud and eliminate unfair business practices. As I filed a complain with them regarding HF company, they will be investigating further points, my list above is non exhaustive.

This is why you should comply with the FTC regulations:
Merchants who violate the Rule can be sued by the FTC for injunctive relief, monetary civil penalties of up to $16,000 per violation (any time during the five years preceding the filing of the complaint), and consumer redress (any time during the three years preceding the filing of the complaint). When the mails are involved, the Postal Service also has authority to take action for problems such as non-delivery. State law enforcement agencies can take action for violating state consumer protection laws.

I'm working with my uncle based in SF (former Senior VP of Charles Schwab) to send their lawyers this week to the Nextspace office where HF is now located (to look good on their video). A class action and full media attention will certainly motivate these lawyers. MP if you are also interested by this class action.  

   ^Quoted for hilarity^ 

[bigbit_22]

I bought my baby jet on 09/01 (TOS of 08/08 stated NO GUARANTEED SHIPPING DELIVERY OF 31ST DEC). TOS changed on 09/09 and several more times all in favor of HF. I do not want a machine that will not bring back its initial investment, built fast to get out the door before 12/31 and will more than likely be defective. With their ambiguous dates and false sense of security via their elusive MPP they have duped all batch 1 customers. I have requested a refund several time (last one on 11/26) and they took a week to carbon copy the BS they tell everyone: "no refund, sell your machine…"

So you would rather they refund your original BabyJet purchase price of $5,600 so they can turn around and sell it for $10,000+ to someone else?  I am not sure what you are trying to accomplish here.  FTC rule did not specify they need to give refund in Bitcoins, so if you push them hard enough, they will simply refund your $5,600 per BabyJet.  They are correct in saying it is better if you just sell it yourself and pocket the "profit".

I paid in BTC and will be refunded in BTC (40 BTC). This has been discussed in this thread before, we're not just talking about a bad investment of $5,600 in a company that looked legit. I'm talking about an incredibly bad financial move based on ambiguous communication and a false sense of security (MPP) from a company. They calculated the 20-30 october date to take customers away from BFL, Cointerra… and wrapped the product with the MPP to sound legit and safe. They lured all of us in with a bait and switch. This is a fraudulent practice because they knew they never intended to ship on October 20-30. I could not have predicted how irreverent HF would act towards its batch 1 customers. Each violation is $16K; I don't care for selling the machine at $10k or keeping it as it will never bring back 40BTC (that will be worst way more soon).

Court ruling in NY on NOV. 7th - Refund in BTC!
http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

[cedivad]

You just need to prove with a copy of the TSMC contract they they would have never shipped by the promised timeframe and knowingly so they defrauded their customers, and you are already at a good point, imho.

[iCEBREAKER]

I bought my baby jet on 09/01 (TOS of 08/08 stated NO GUARANTEED SHIPPING DELIVERY OF 31ST DEC). TOS changed on 09/09 and several more times all in favor of HF. I do not want a machine that will not bring back its initial investment, built fast to get out the door before 12/31 and will more than likely be defective. With their ambiguous dates and false sense of security via their elusive MPP they have duped all batch 1 customers. I have requested a refund several time (last one on 11/26) and they took a week to carbon copy the BS they tell everyone: "no refund, sell your machine…"

So you would rather they refund your original BabyJet purchase price of $5,600 so they can turn around and sell it for $10,000+ to someone else?  I am not sure what you are trying to accomplish here.  FTC rule did not specify they need to give refund in Bitcoins, so if you push them hard enough, they will simply refund your $5,600 per BabyJet.  They are correct in saying it is better if you just sell it yourself and pocket the "profit".

I paid in BTC and will be refunded in BTC (40 BTC). This has been discussed in this thread before, we're not just talking about a bad investment of $5,600 in a company that looked legit. I'm talking about an incredibly bad financial move based on ambiguous communication and a false sense of security (MPP) from a company. They calculated the 20-30 october date to take customers away from BFL, Cointerra… and wrapped the product with the MPP to sound legit and safe. They lured all of us in with a bait and switch. This is a fraudulent practice because they knew they never intended to ship on October 20-30. I could not have predicted how irreverent HF would act towards its batch 1 customers. Each violation is $16K; I don't care for selling the machine at $10k or keeping it as it will never bring back 40BTC (that will be worst way more soon).

Court ruling in NY on NOV. 7th - Refund in BTC!
http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

Your Bitcoins were exchanged for USD by a third party (BitPay) the second you used them to pay for your BabyJet.

HashFast never touched, much less held, your Bitcoins.  They only received their equivalent in USD at the time you placed your order.

Your Coinlab precedent does not apply and you suck at internet lawyering.

[thoughtcourier]

Some questions and comments:

1) Does HF have a news thread compiled by an enthusiast?

2) The present day value of a babyjet is approx. 9 BTC and dropping, depending on actual hashrate.

3) What does the legally binding contract say in terms of refunds?

[cedivad]

Don't listen to him, at least in my case, and as far as i can understand, my BTC didn't touched BitPay. (like if this thing changed anything)

[pmorici]

I bought my baby jet on 09/01 (TOS of 08/08 stated NO GUARANTEED SHIPPING DELIVERY OF 31ST DEC). TOS changed on 09/09 and several more times all in favor of HF. I do not want a machine that will not bring back its initial investment, built fast to get out the door before 12/31 and will more than likely be defective. With their ambiguous dates and false sense of security via their elusive MPP they have duped all batch 1 customers. I have requested a refund several time (last one on 11/26) and they took a week to carbon copy the BS they tell everyone: "no refund, sell your machine…"

So you would rather they refund your original BabyJet purchase price of $5,600 so they can turn around and sell it for $10,000+ to someone else?  I am not sure what you are trying to accomplish here.  FTC rule did not specify they need to give refund in Bitcoins, so if you push them hard enough, they will simply refund your $5,600 per BabyJet.  They are correct in saying it is better if you just sell it yourself and pocket the "profit".

I paid in BTC and will be refunded in BTC (40 BTC). This has been discussed in this thread before, we're not just talking about a bad investment of $5,600 in a company that looked legit. I'm talking about an incredibly bad financial move based on ambiguous communication and a false sense of security (MPP) from a company. They calculated the 20-30 october date to take customers away from BFL, Cointerra… and wrapped the product with the MPP to sound legit and safe. They lured all of us in with a bait and switch. This is a fraudulent practice because they knew they never intended to ship on October 20-30. I could not have predicted how irreverent HF would act towards its batch 1 customers. Each violation is $16K; I don't care for selling the machine at $10k or keeping it as it will never bring back 40BTC (that will be worst way more soon).

Court ruling in NY on NOV. 7th - Refund in BTC!
http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

Do your lawyers think that Coinlab case is relevant to the situation here?  If you read about the case it was essentially a contract dispute where an investment firm paid cash to CoinLab to deliver bitcoins which they failed to do.  Also note that after the ruling the company filed for bankruptcy.

[-ck]

Twitter update
@HashFast: GN chip bringup - connected to cgminer, working through some timeout problems...

Wonder if conman or kano are working on this with them. I guess we wont know since they are probably NDA'ed if they are.

I never sign an NDA. I'm not involved with this chip bring up, but hopefully should see one of their first completed pieces of hardware when it's done.

[minternj]

Nice, let us know if you can . Getting updates from this company is like finding bigfoot. Some days its through a customers skype conversation, then twitter, next carrier pigeon.

[yxt]

https://twitter.com/HashFast‏

Code:

GN chip bringup - chip is hashing and first nonce found!!! PROOF OF WORK RESULT: true (yay!!!)

Code:

GN chip bringup - next steps, verify PLL operation, temperature sensor, and then start raising the clock speed.

[monsieur]

Twitter update
@HashFast: GN chip bringup - connected to cgminer, working through some timeout problems...

Wonder if conman or kano are working on this with them. I guess we wont know since they are probably NDA'ed if they are.

I never sign an NDA. I'm not involved with this chip bring up, but hopefully should see one of their first completed pieces of hardware when it's done.

stop fucking around here. Go fix cgminer to include knc per-chip stats.

[MrTeal]

Twitter update
@HashFast: GN chip bringup - connected to cgminer, working through some timeout problems...

Wonder if conman or kano are working on this with them. I guess we wont know since they are probably NDA'ed if they are.

I never sign an NDA. I'm not involved with this chip bring up, but hopefully should see one of their first completed pieces of hardware when it's done.

stop fucking around here. Go fix cgminer to include knc per-chip stats.

https://github.com/ckolivas/cgminer

[monsieur]

https://github.com/ckolivas/cgminer

but I don't know how 

[MrTeal]

https://github.com/ckolivas/cgminer

but I don't know how 

[tacotime]

HashFast has told me that they'll point their chip to mine at a pool so we can see the hashrate live soon, and that we'll have a lot more information on regards to clock, heat, and power consumption within the next 48 or so hours.