HashFast announces specs for new ASIC: 400GH/s

[igorr]

yes, it is possible scenario, but it does not have to to be so

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[MrTeal]

again +75000%, 900 billion + 75000% = diff 675900 billion or 675.9 trilion !!!

Crap, I need to get on pushing those environmental assessments through. That's going to be a hashrate of 4838EH/s, or 4.838x10^12 GH/s. Even if Neptune can get us down to 0.25J/GH at the wall, we're looking at the Bitcoin network consuming 1.21TW of power. There's going to be a lot of money to be made in build new nuclear power stations since that would be about half the current electrical power production of the entire planet.

[Gyrsur]

yes, it is possible scenario, but it does not have to to be so

troll warning ahead! take a look into the KnC thread.  

https://bitcointalk.org/index.php?topic=170332.msg4060828#msg4060828

[igorr]

yes, it is possible scenario, but it does not have to to be so

troll warning ahead! take a look into the KnC thread.  

https://bitcointalk.org/index.php?topic=170332.msg4060828#msg4060828

Thanks for sharing, this cruel truth 

[cedivad]

I think they're just taunting us with this most recent tweet.

HashFast ‏@HashFast 2m
http://Overstock.com  to start accepting Bitcoins as payment! Read the full story from Digital Trends here. http://goo.gl/6z5vJA

"the chip doesen't work, but we can't really tell you so; we will start to ship tomorrow anyway"
"ok, thanks for sharing".

[defcon23]

cedivad , listen .. trust me , nothing never really stay unpunished..., it s called karma, consciousness or justice .... call it what's you want, but it happend ... believe me.
 that's not gonna stay impunished...  
in a really short time now they have to respond to their malicious practice ! c'mon hashfast !!

[Puppet]

the diff rise will flatten out just as it did when we went from cpu to gpu transformation.  I am not saying it will stop going up.. but it will slow down

Eventually, yes. But what makes you think it will slow in the fist months of next year, compared to today? . In the past 2 weeks, I have no idea who has actually been shipping or deploying meaningful volumes, besides most likely Bitfury based gear, but it totaled about 3PH in 2 weeks. Thats before any new batches of KnC, before CT, HF, ActM, Bimine, BA, AM, Monarch, ...  Early next year about a dozen companies will be shipping eagerly anticipated (and already ordered+paid for)  high performance miners

Hashrate growth is poised to ramp up considerably before eventually approaching linear growth.

[gmaxwell]

I'd like to echo concerns upthread— if you're even thinking about refusing shipment as part of a plan that will ultimately end in litigation, I suggest you go get your attorney _now_ and discuss that plan with them.  You will do yourself no service to refuse shipment and then decide that you don't really feel up to suing this out, only to ultimately end up gaining nothing but a huge delay.

[Hoofprint]

I'd like to echo concerns upthread— if you're even thinking about refusing shipment as part of a plan that will ultimately end in litigation, I suggest you go get your attorney _now_ and discuss that plan with them.  You will do yourself no service to refuse shipment and then decide that you don't really feel up to suing this out, only to ultimately end up gaining nothing but a huge delay.

Solid advice but, companies like hasfast, BFL and other mining equipment suppliers represent a major part of the bitcoin industry.
If people just sit there and take it from liars and thieves how are we supposed to recommend bitcoin to friends and family.

“Few will have the greatness to bend history itself, but each of us can work to change a small portion of events.
It is from numberless diverse acts of courage and belief that human history is shaped.
Each time a man stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope, and crossing each other from a million different centers of energy and daring those ripples build a current which can sweep down the mightiest walls of oppression and resistance.”
― Robert F. Kennedy

[Searing]

@Hoofprint @Witness

What are you guys going to do when it arrives at your door on the 2nd of Jan 2014?

Accept it and just pay the import tax/fee or refuse it?

Can people even refuse it so it can be returned back? Is that even possible?

It wont arrive at my door till the import fees are paid.
But as i said in a previous post and an email i sent to failfast.
Since they are breaking their own ToS failing to deliver by 31st i will Refuse to accept the unit after the 31st with out some form of compensation

I shouldn't have any trouble receiving this before the end of the month if they ship tomorrow but as a day one customer I'm not bound by the bogus Dec 31st date.

At this point I'm inclined to refuse an extremely late time critical delivery on a miner that will only return a fraction of what I paid for it.

I've no dog in this fight (no order) but there are threads on bfl forums of those who refused orders..and with the bfl scam of really really shipping late (like 1 year late) it came to naught....ie BFL just kept the items on return and it went no where legally and the customers eventually got them to re-ship for postage after months of wait...so from a regulator point of view it seems (hey you got it in 6 months why are you bothering us?)....BFL the platitum standard of 'scams' .....(I ougtht to know forced upgrade to a 900gh of monarchs due to no refund policy...out 8k ..they will be bricks if/when I ever get them) anyway FTC rules ..fraud rules .they don't matter much if they are not being enforced...and anyone can look at BFL and say .."hey if they can get away with a year we can get away with a few months!" (anyway I know squat ..just from posts on bfl forums and elsewhere where this happened and or legally stuff has basically gone nowhere with class action or anything with bfl) er and this also includes small claims courts etc ..bfl just refuses to pay and nothing is done to them...so much for online protection as stated in usa laws....anyway...hopefully it won't come to this with the current mnfg and/or equip just saying what I've been tripping over on the BFL example.

good luck but hopefully it won't happen to you here on this item/equip mnfg

Searing

I think your correct I'll just shut up and take it on the chin. And the taxes paid for something so unless like the BJ even a sierra is useless and  heart breaking . Unless they use some Brian  and say,  yes we'll send extra hardware to thank the people that believed in their project.

well don't base your decisions on anything I say again I'm just pointing out how BFL has managed to avoid any kind of responsibility for shipping stuff (in a timely manner...ie when bfl gets complaints. They say ..hey the guy got it in 9 months we we're late..sorry regulator" and they then get a pass it seems

but anyway just thought people should be aware of how/bfl manages to pull this stuff off in the states...so yeah tough sell imho if they miss it by even 3 months to take a device or try to fight it and send it back

check the stuff out yourself...but I just see this stuff and remember the threads cause I'm already a bfl scam refugee...(not to go off topic but I did have good luck with www.kncminer.com and have 2 neptunes on order but then again even they have stopped taking paypal and credit cards only wire xfer and btc...so only reason I pre-ordered from them is I own 1 knc Jupiter (instead of 400gh they gave me one 555gh no extra cost) and their customer service on a bank screw up (my end) went the extra mile and kept my 1st Neptune order in the paid queue which they did not have to do...and quite frankly was very inconvenient for them to help resolve it took 5 weeks.... THEY MAY  screw up to for circumstances out of their control for their next Neptune run..but other companies could take some note of at least they have so far been better imho of informing me on stuff.....but hey 20mm...might be streach and a risk....and  I could be yelling in chat here next May 2014 too...this cutting edge stuff is dangerous...anyway with me better the devil I know wire xfer and bitcoin then getting reamed like I did from BFL again....(be polite if I'm gonna get f*cked at least do a break up call)...anyway treat me like an adult let me know what is going on and I may cut you quite a bit of slack.....(of course bfl informed everybody all the time ..it was all lies...so my analogy may need some work)

anyway again have nothing else to say on this and hopefully all will be well...but I've no idea if I would or will take stuff late or play the send it back game ..in the states seems like places like bfl have all the lawyers and options on their side...so it it is a toss up imho on what to do in that case

my 2c worth again I know squat this is my 'opinion' and may likely be wrong..all this is half ass observation and bfl angst

Searing

[Searing]

Happy new difficulty 1.2 bilion  

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FML REALLY!

[Searing]

again +75000%, 900 billion + 75000% = diff 675900 billion or 675.9 trilion !!!

This is only for the following 12 months

past performance does not guarantee future results.

the diff rise will flatten out just as it did when we went from cpu to gpu transformation.  I am not saying it will stop going up.. but it will slow down

YEAH but the way it will probably work is everyone will dump all their equip in march (knc will be early..hashfast and cointerra will be a trickle till then and BFL will only be like 3 months late) ka boom ALL HIT THE SAME WEEK

good thing I don't have 2 pre-order Neptunes (do'h slaps face dang I do)

(this whole episode of mining I blame on Earth and Beyond (www.enb-emulator.com) game ...ie MINER.....Eve Online www.eveonline.com yeah MINER....someone needs to make a miner for bitcoin that works while I'm in game on either of those mining asteroids my slush account and such shows up ....I'd be glued to my chair)

IT WAS A SETUP... now I can mine in real life....ITS A TRAP.... I never had a chance (sniffle)

Searing

[kano]

Happy new difficulty 1.2 bilion  

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FML REALLY!

Estimate is most likely wrong

[jjiimm_64]

Still nothing from HashFast... WTF?

seriously, starting to get worried.....  250Gh from half the chips.... but what happens when the whole chip is running... maybe they cannot get rid of all the heat from.. 500+ watts?  How many watts can that water cooler cool?

[tmcgough]

Still nothing from HashFast... WTF?

seriously, starting to get worried.....  250Gh from half the chips.... but what happens when the whole chip is running... maybe they cannot get rid of all the heat from.. 500+ watts?  How many watts can that water cooler cool?

Doesn't look good if it stays like the notice they gave back in Sept. 23rd: https://hashfast.com/baby-jet-thermal-testing/

"Our liquid cooling solution supplier has the results from some real world testing of the solution we will be using in the Baby Jet. The HashFast GN ASIC was designed around a nominal operating point of 400GH/s, which it achieves consuming 250W at the chip. Due to manufacturing variations in the silicon some chips will consume slightly more, and others less. We chose this 250W operating point because that is what overclocked CPUs are routinely run at, so we knew common off the shelf cooling solutions would be able to handle this. We asked our cooling solution provider to do some thermal simulations of the system, and they confirmed that it should be able to handle 350W of heat. We have now got the results from a real system test. Using the exact final chassis that the Baby Jet is using, together with the final cooling solution. A small heating element, the same size as our chip was ordered, and attached to the cooler. The experimental results showed that the chip’s case temperature could be maintained at an acceptable level while the cooler dissipates 400W of heat. This means that our chip should have a *lot* of room for overclocking above it’s nominal 400GH/s."

[RoadStress]

Still nothing from HashFast... WTF?

seriously, starting to get worried.....  250Gh from half the chips.... but what happens when the whole chip is running... maybe they cannot get rid of all the heat from.. 500+ watts?  How many watts can that water cooler cool?

They are busy "shipping" the units!

[jjiimm_64]

So this may explain the silence...

We’ve got two dies up on this. Right now we are clocking it at 700mhz and .84v core voltage. It’s doing 248Gh/s on only 2 dies! Half a Golden Nonce.

Consumption is around 300 watts total and 78C die temp.

So, the elec usage appears to be about 2 times what was planned..... and they can only dissipate 400w of heat....


Sounds just like what happened to BFL...  when they had to redesign the cases for heat issues...  even AMD underestimated the amount of heat from the dual 28nm gpus...

They really need to tell us wtf is going on.. just manup and talk about it!!!

[gmaxwell]

Solid advice but, companies like hasfast, BFL and other mining equipment suppliers represent a major part of the bitcoin industry.
If people just sit there and take it from liars and thieves how are we supposed to recommend bitcoin to friends and family.

I'm not suggesting people to bend over and take it if they believe they've been wronged. I think the situation with mining vendors right now is a major risk to the Bitcoin ecosystem (primarily because small sane individuals are unlikely to invest in mining gear in the current climate, hurting our decentralization).

I'm just attempting to say that if you plan on doing something you should make a full commitment. A half measure of just rejecting the shipment and then doing nothing about it will only hurt you.

[DPoS]

The problem with making less chips is that nobody will quite believe that they are not going to make more in the future, so they will be nervous at spending 1000 per chip when they might end up competing with people who paid a third of that in a couple of short months... (AM schooled a lot of people with that methinks)

The problem with making more chips is total market saturation and the whole bitcoin world pissed off at you, because it's practically holding a gun to your head and saying "Buy our chip or give up mining" because it's gonna turn everything else into doorstops in short order.

At Hashfast we know that the best thing for bitcoin is a healthy, strong mining ecosystem. We are working on a pricing and release strategy to make sure miners make money (including the smaller guys), and the ecosystem remains vibrant. Without this bitcoin is damaged, and value is lost for everyone. By releasing capacity at a limited rate and reasonable price we help defend the network against the large, centralized secret mines that are surely coming. This is the best result for everyone.

Amen to that. This is the best and the most confidence-building statement so far. Thank you.

Simon was honest about one part of his agenda.... and I doubt those large secret mines will be using their chips

[Gyrsur]

Solid advice but, companies like hasfast, BFL and other mining equipment suppliers represent a major part of the bitcoin industry.
If people just sit there and take it from liars and thieves how are we supposed to recommend bitcoin to friends and family.

I'm not suggesting people to bend over and take it if they believe they've been wronged. I think the situation with mining vendors right now is a major risk to the Bitcoin ecosystem (primarily because small sane individuals are unlikely to invest in mining gear in the current climate, hurting our decentralization).

I'm just attempting to say that if you plan on doing something you should make a full commitment. A half measure of just rejecting the shipment and then doing nothing about it will only hurt you.

it's up to HF to get a satisfied solution for both sides. they should not deliver batch 1 in 2013 and refund (BTC and USD) every customer as they claimed in the beginning. the customers won't take the risk of the business. the company is taking the risk of the business. the delay is insane if you have in mind that Q1 2014 several competitors will start to deliver.