HashFast announces specs for new ASIC: 400GH/s

[-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.

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

I'm not sure how to respond to such a polite request. Perhaps Kano can answer for me since he has a way with words.

[monsieur]

I'm not sure how to respond to such a polite request. Perhaps Kano can answer for me since he has a way with words.

Pretty please ...?

[minternj]

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.

Oh god no. Bad idea. trust me. Less miney miney more shippy shippy.

[tacotime]

I'd honestly like to see the performance for my own eyes, I'm waiting on two myself.

[kano]

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.

So here (HashFast) we have a company that cgminer is involved with to develop a driver.

KnC, on the other hand, is a bunch of cunts that asked for our help and then told us to fuck off.
Then some time after they had their 500GH/s miner working ... lulz that didn't even do 500GH/s in the video ... they sent ckolivas the cheapest miner they have.

IMO ckolivas should mine the thing to death then throw it away ... and meanwhile return the favour of telling KnC to fuck off.

[minternj]

Lol you weren't kidding about kano's way with words.

[kano]

So here (HashFast) we have a company that cgminer is involved with to develop a driver.

KnC, on the other hand, is a bunch of cunts that asked for our help and then told us to fuck off.
Then some time after they had their 500GH/s miner working ... lulz that didn't even do 500GH/s in the video ... they sent ckolivas the cheapest miner they have.

IMO ckolivas should mine the thing to death then throw it away ... and meanwhile return the favour of telling KnC to fuck off.

Don't take it too personally. Swedes are known around the world to be arrogant bastards.

They must have read 'Arrogance for Dummies'
Their rush to get it out the door (late) showed up some fun hardware fireworks for a few people - yet they were so arrogant about getting it out on time ... but phailed by a few days
They couldn't read a cgminer display to work out the hash rate. That video of Sam going on about it being 500GH/s is so funny watching him make a fool of himself ... since it wasn't 500GH/s ...
They didn't even notice that having the miner idle for 10s every block was a bad idea ... until they were told ... and didn't seem to care about doing anything about it until we told them off on the forum.
They still argue that the hash rate of the device should include errors - so they can make their hash rate look better - no other device reports errors as part of the hash rate - theirs does ... remember, size matters even if it's an inaccurate ruler Compensating for something?

[sobani]

but [KNC] phailed by a few days

are you sure this is an argument you want to bring up in a HF thread? 

[kano]

but [KNC] phailed by a few days

are you sure this is an argument you want to bring up in a HF thread? 

When discussing arrogance - yep

[Gyrsur]

HashFast Production Update

...

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.

...

- The HashFast Team

https://hashfast.com/miner-protection-program/

Miner Protection Program™
[NO LONGER AVAILABLE FOR PURCHASE]

At HashFast, we understand that healthy, prosperous customers make for a healthy and prosperous company. We know that our customers are concerned about the rapid growth of the network hashrate – and we stand by our customers. We designed our silicon so efficiently per square mm, that we are able offer you this protection.

If the Bitcoin network hashrate increases so that your Baby Jet doesn’t generate more Bitcoins in ninety days than you paid for it, HashFast will give you additional ASICs. In fact, we will give you up to 400% more hashing capacity than the Baby Jet you purchased. Yes, that does mean that if you don’t make your money back in 90 days, we will increase your mining capacity to up to 2 Terahashes!

The Miner Protection Program™ was given retroactively to ALL purchases of Batch 1 Baby Jets. For second and third batch machines, the Miner Protection Program™ was offered as an add-on, that customers could purchase for an additional fee. Currently the Miner Protection Program™ is not available for purchase.


Two examples of how it will work:

Example 1 – You buy a Baby Jet from HashFast for 50 BTC and we ship it October 25th. By January 23, your machine has mined 60 BTC. You are happy and the miner protection is not needed.

Example 2 – You buy a Baby Jet for 50 BTC, and we ship it on October 25th.  January 23, 2014 comes and goes, and it turns out that at the Baby Jet’s nominal hashrate, it would only have generated 25 BTC during that 90 day period.  Calculated out, it would have taken an additional 400 Ghash/s of capacity shipped with your Baby Jet on October 25, 2013 to generate 50 BTC. We can’t go back in time to give you that 400Ghash/s. Instead, HashFast will double that and give you 800 Ghash/s in additional capacity. In this example, HashFast will give you two additional Golden Nonce ASICs, each with 400 nominal GHash/s.


Frequently Asked Questions

What if I overclock?  Underclock?
We calculate the ROI based on network difficulty adjustments, the estimated hashrate, and what hashrate the average Baby Jet achieves. If, in the example above, you overclock your machine and generated more Bitcoin, it will not affect our calculations.  Likewise, if you underclocked it to save energy costs, it will not affect our calculations.

What if I have to turn off my Baby Jet during a terrible storm?
Again, we do not calculate the ROI for the MPP based on your individual operation of the Baby Jet.   Thus, we don’t need to figure out if you went on vacation, underclocked, or forgot to plug it in for the first month.

What do I do with the ASIC(s) you send me?  They can’t generate Bitcoin while I hold it in my hand, can it?
No, generating Bitcoin while grasping any semiconductor is very unlikely.  You will need a rig that has everything but the HashFast ASIC.  We designed our ASIC with this in mind.  We will sell ASIC-ready rigs, and expect licensed rig manufacturers to also offer ASIC-ready rigs.

What if a super-duper Exa-hash machine shows up?  
The MPP coverage extends to up to 400% of the capacity purchased. For a Baby Jet, with a nominal 400 Ghash/s capacity, the MPP is limited to sending an additional 1.6 Terrahash/s of additional ASIC hashing capacity, for a total of 2 Terahashes!

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.

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.


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.

the time span is October 30, 2013 to January 28, 2014. I assume to made back of my paid 49+ BTC just 10 BTC by January 28, 2014 if they will ship in the middle of December 2013. we will receive 4 free 400 GHash/s modules for sure! the question is should they deliver this 4 free 400 GHash/s modules also in the middle of December 2013 as a compensation? because we will not made back 40 BTC if they deliver it as recently as in the middle of February 2014!

[aneutronic]

Bump for the idea that hashfast should deliver 2 sierras with 5 of 6 modules installed for each baby jet as recompense for the blatant lies and deceit so it doesn't get lost in the thread.

+1
If the mpp isn't shipped with the 1st batch then we have no chance of breaking even.

So far they have closely followed the avalon playbook by over-promising, under-delivering, and a lot of bullshit guarantees.
This would be their opportunity to change that impression and prove that they actually give a shit about the initial investors that funded the launch of their company.

[jspielberg]

And by the question of when 2 batches and update chips are shipping:

MPP chips anticipated deliveryis after January 31st. The shipping of the second batch will happen right after the first batch.

Anyone else get a dreadful sense of deja-vu when you read "anticipated delivery" on the MPP?

[cedivad]

It's not anticipated delivery anymore; it's anticipated delivery after.

And why after all what they did to us people can still think that they are in good faith and that they could even think about shipping the MPP in December?

[SirWizz]

It's not anticipated delivery anymore; it's anticipated delivery after.

And why after all what they did to us people can still think that they are in good faith and that they could even think about shipping the MPP in December?

Cognitive dissonance.

[de_ixie]

I hope for all customers that this MPP doesnt break their neck

[MrTeal]

I hope for all customers that this MPP doesnt break their neck

I can't imagine it will, unless they're air dropping it. If so, invest in a helmet.

[abuelau]

Sorry, I haven't been following the thread too closely. Is there any expected date for starting shipment?

[cedivad]

Sorry, I haven't been following the thread too closely. Is there any expected date for starting shipment?

13 of Dec (that at least was the last word from john).

[Minor Miner]

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

I'm not sure how to respond to such a polite request. Perhaps Kano can answer for me since he has a way with words.

con,
I think your time would be better spent thinking about how to change cgminer so it will not work for people with user names "monsieur"?

[Minor Miner]

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.

So here (HashFast) we have a company that cgminer is involved with to develop a driver.
KnC, on the other hand, is a bunch of cunts that asked for our help and then told us to fuck off.
Then some time after they had their 500GH/s miner working ... lulz that didn't even do 500GH/s in the video ... they sent ckolivas the cheapest miner they have.
IMO ckolivas should mine the thing to death then throw it away ... and meanwhile return the favour of telling KnC to fuck off.

Kano;
At least you tell it like it is.   people who try to dismiss what he is saying, should probably look back at when he was calling avalon out about something that ended up being BANG ON.