HashFast announces specs for new ASIC: 400GH/s

[DPoS]

everyone knows that scammy miner companies never go full refund....

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[Gyrsur]

anybody got a shipment notification so far?

[Gyrsur]

anybody got a shipment notification so far?

No

me neither!

[cedivad]

I'm surprised because i was thinking that they would have used fedex next flight to ship to as many customers as possible today. Maybe that's still the case and we just don't know yet.

If not, my legitimate conclusion is that they don't have a working product yet.

[Gyrsur]

anybody got a shipment notification so far?

No

me neither!

Surprised?

no, preparing for the fight.

[RickJamesBTC]

No tracking, no more time. Maybe they are doing a secret launch, and you will all get packages tomorrow delivered by black helicopter!

[itod]

I'm surprised because i was thinking that they would have used fedex next flight to ship to as many customers as possible today. Maybe that's still the case and we just don't know yet.

If not, my legitimate conclusion is that they don't have a working product yet.

Why would they hurry to ship before the deadline? Every refund (US$ or US$->BTC converted) is direct gain for ScamFast. They can resell the miner for at least the same price, this time without the MPP. They can resell the (saved) MPP boards later for shitload more money. They are provoking us to ask for a refund, people, make no mistake about it. There will be certain amount of naive people thinking they can somehow get the full refund in the process, and they are an easy pray for HF scammers. If only 1/5 of batch #1 customers ask for a refund and save them MPP boards, multiply 110 * 4 * 2000 US$, we are talking almost a million US$ of additional income for HF. That's a chance scammers like HF won't miss. They will probably wait a week or two after the deadline, even if they have the miners, just to provoke as many refunds as they can.

[cedivad]

That's the only difficult choice we are faced with. Either lose 85% with USD refunds, 60-70% if we accept the miners, and a 10-20% if we win the arbitration/litigation.

[Gyrsur]

my guess is they have serious issues with the board design.

[RickJamesBTC]

I'm surprised because i was thinking that they would have used fedex next flight to ship to as many customers as possible today. Maybe that's still the case and we just don't know yet.

If not, my legitimate conclusion is that they don't have a working product yet.

Why would they hurry to ship before the deadline? Every refund (US$ or US$->BTC converted) is direct gain for ScamFast. They can resell the miner for at least the same price, this time without the MPP. They can resell the (saved) MPP boards later for shitload more money. They are provoking us to ask for a refund, people, make no mistake about it. There will be certain amount of naive people thinking they can somehow get the full refund in the process, and they are an easy pray for HF scammers. If only 1/5 of batch #1 customers ask for a refund and save them MPP boards, multiply 110 * 4 * 2000 US$, we are talking almost a million US$ of additional income for HF. That's a chance scammers like HF won't miss. They will probably wait a week or two after the deadline, even if they have the miners, just to provoke as many refunds as they can.

They are however, in the US. The plan you described would be criminal fraud. The volume of complaints would be much much worse than BFL, since everyone sat through that one and saw just how much shit a company gets away with when you let them. Claiming to sell something with no intent to offer it. Taking money for preorders without a planned ship date or proper notifications of late shipping. It goes beyond civil claims. Get to filing the complaints, get everyone involved to file complaints all at once. California state attorney general, Kamala Harris. They respond quickly to inquiries, I've dealt with them a number of times over the years and they get results.  Federal Trade Commission. Get the complaints in, do not sign anything hashfast provides at this time.

[Gyrsur]

I'm surprised because i was thinking that they would have used fedex next flight to ship to as many customers as possible today. Maybe that's still the case and we just don't know yet.

If not, my legitimate conclusion is that they don't have a working product yet.

Why would they hurry to ship before the deadline? Every refund (US$ or US$->BTC converted) is direct gain for ScamFast. They can resell the miner for at least the same price, this time without the MPP. They can resell the (saved) MPP boards later for shitload more money. They are provoking us to ask for a refund, people, make no mistake about it. There will be certain amount of naive people thinking they can somehow get the full refund in the process, and they are an easy pray for HF scammers. If only 1/5 of batch #1 customers ask for a refund and save them MPP boards, multiply 110 * 4 * 2000 US$, we are talking almost a million US$ of additional income for HF. That's a chance scammers like HF won't miss. They will probably wait a week or two after the deadline, even if they have the miners, just to provoke as many refunds as they can.

They are however, in the US. The plan you described would be criminal fraud. The volume of complaints would be much much worse than BFL, since everyone sat through that one and saw just how much shit a company gets away with when you let them. Claiming to sell something with no intent to offer it. Taking money for preorders without a planned ship date or proper notifications of late shipping. It goes beyond civil claims. Get to filing the complaints, get everyone involved to file complaints all at once. California state attorney general, Kamala Harris. They respond quickly to inquiries, I've dealt with them a number of times over the years and they get results.  Federal Trade Commission. Get the complaints in, do not sign anything hashfast provides at this time.

please can you post links to fill out formulars of CA government? thank you very much!

EDIT: HF company is not registered in CA, right? we need to fill out formulars of the other US state.

[edgie13]

No tracking, no more time. Maybe they are doing a secret launch, and you will all get packages tomorrow delivered by black helicopter!

....or Amazon drone.

[lemonte]

No tracking, no more time. Maybe they are doing a secret launch, and you will all get packages tomorrow delivered by black helicopter!

....or Amazon drone.

[perezoso]

my guess is they have serious issues with the board design.

I'm creeping towards refunding my USD purchase, especially if we don't see crap out of them first week of January.  For my order, the machines may or may not be marginally profitable (a few thousand USD in a good case), depending on the MPP fulfillment, ultimate delivery date of the BJ and upgrade board, and assuming at least a modest BTC price rise.

I've got bigger fish to fry, other things to do in life than lose hair over those @ssholes.

The fight with Hashfast that does potentially interest me - earlier delivery of greater hashpower under the MPP - doesn't seem to be the one others want to take up.

The fight most people want to fight here is to "get my bitcoins back" via a BTC refund. I understand that. It's just not the fight for me.  

No final decisions, though, for a little while.

[pmorici]

my guess is they have serious issues with the board design.

The fight with Hashfast that does potentially interest me - earlier delivery of greater hashpower under the MPP - doesn't seem to be the one others want to take up.

@perezoso, I've been following your posts here and there is one thing I don't understand.  Why do you think that sending a "delegation" to their offices to negotiate would do any good?

[stan258]

Are they not to be on batch 3 by now? I remember seeing get batch 3 order by christmas.

[RickJamesBTC]

Hashfast is a California corporation




Find them here
(maybe)
http://goo.gl/maps/gdiqY

File complaints with the state AG here

https://oag.ca.gov/consumers

File complaints with the FTC here

https://www.ftccomplaintassistant.gov/#&panel1-1

File complaints with the IC3 here

http://www.ic3.gov/default.aspx

Easy!

[fenwick]

my guess is they have serious issues with the board design.

I'm creeping towards refunding my USD purchase, especially if we don't see crap out of them first week of January.  For my order, the machines may or may not be marginally profitable (a few thousand USD in a good case), depending on the MPP fulfillment, ultimate delivery date of the BJ and upgrade board, and assuming at least a modest BTC price rise.

I've got bigger fish to fry, other things to do in life than lose hair over those @ssholes.

The fight with Hashfast that does potentially interest me - earlier delivery of greater hashpower under the MPP - doesn't seem to be the one others want to take up.

The fight most people want to fight here is to "get my bitcoins back" via a BTC refund. I understand that. It's just not the fight for me. 

No final decisions, though, for a little while.

I want to "get my bitcoins back", but I think since only a few of the customers have paid in USD, the BTC people (including me) could shared the refunded BTC evenly with the USD people.

We could fight together to get all the BTC back where possible, and also to punish them.

[allinvain]

I always laugh when I see all the law suit threats..Has anyone ever sued BFL or Avalon??  All bark and no bite...

I have 210 btc on the line.. you can bet that if I don't receive my rigs by midnight tomorrow...  I am canceling order and requesting all my btc back... if they do not give me all of them I WILL be taking them to court.  possibly in conjunction with other fellow coiners here.

I hope you do go ahead and sue them as they completely deserve it. The problem for many of us that would also like to sue them is the fact that any lawsuit has to be undertaken in the jurisdiction of California.

As for your particular situation I would be willing to wager that you will _not_ receive  your rigs before midnight tomorrow. In their latest communication they essentially stated they will _start_ "kicking off shipments" in the next "few days". The word "few" is meant to inject vagueness so it could be two days it could be four, or it could be more. At this point I think they don't really care and are essentially taunting people to request a refund.

[Gyrsur]

Hashfast is a California corporation




Find them here
(maybe)
http://goo.gl/maps/gdiqY

File complaints with the state AG here

https://oag.ca.gov/consumers

File complaints with the FTC here

https://www.ftccomplaintassistant.gov/#&panel1-1

File complaints with the IC3 here

http://www.ic3.gov/default.aspx

Easy!

thank you very much!