HashFast announces specs for new ASIC: 400GH/s

[cedivad]

Once that all of this is over i will do a few frames with some of the posts in here.

[1713538978]

1713538978

[stan258]

I am batch 2.  They told me I can get a refund Feb 1. I posted this back a few pages but as the deadline gets closer I would rather just have my funds back.   

We have received your request for a refund. You are batch 2 customer with guarantee date of January 31st. If you dont have your order with you by that day you are completely entitled to request a refund.
Best regards,
HashFast Support

[RickJamesBTC]

I am batch 2.  They told me I can get a refund Feb 1. I posted this back a few pages but as the deadline gets closer I would rather just have my funds back.   

We have received your request for a refund. You are batch 2 customer with guarantee date of January 31st. If you dont have your order with you by that day you are completely entitled to request a refund.
Best regards,
HashFast Support

You are entitled to a refund at ANY TIME on a preorder by US law. They can not say no. If they refuse, file in local small claims court.

[DPoS]

I think they're waiting until they've mined enough coins to profit before paying any refunds out.

did they use pre-orders to buy KNC miners?   with what are they mining with?

[dbbit]

You are entitled to a refund at ANY TIME on a preorder by US law. They can not say no. If they refuse, file in local small claims court.

Not quite - you can sign that right away, and you often do when you build a house on spec, buy a high-end car, get something custom manufactured etc.

It ultimately comes down to a contract dispute in such a case.

[RickJamesBTC]

You are entitled to a refund at ANY TIME on a preorder by US law. They can not say no. If they refuse, file in local small claims court.

Not quite - you can sign that right away, and you often do when you build a house on spec, buy a high-end car, get something custom manufactured etc.

It ultimately comes down to a contract dispute in such a case.

Not on  a retail sale preorder. Also, nobody signed that right away. They had an obligation to notify customers of the delay and offer refunds if requested, not put their own limits on those refunds. Read the FTC rules quoted oh so many times in this thread.

[dbbit]

Not on  a retail sale preorder. Also, nobody signed that right away. They had an obligation to notify customers of the delay and offer refunds if requested, not put their own limits on those refunds. Read the FTC rules quoted oh so many times in this thread.

I agree that nobody signed that right away in the HashFast Batch 1 case. They introduced a TOS after the fact etc., so not even a question. However, Batch 2/3/4 may be less clear because there was actually a TOS with specific delivery dates that people agreed to.

I'm just saying that the law doesn't blanketly overrule a specifically signed contract to which both parties agree (again - NOT the case here).

[PuertoLibre]

I am sorry to  inform you that "a company" may have abandoned their customers and the requested refunds (on your terms) after their acknowledged failure to deliver (in writting). It is regrettable.

There will be no refunds, now disperse. You signed away all rights to a proper BTC refund.  <fires tear gas into the huddled customers>



Disperse, you peaceful occupiers of this thread! If "a company" does not say anything contrary to this statement, then it is probably self evident and true? (probably)

Mods, please spray them down in pepper spray....I mean bitcoin transaction "freedom"...taken to an extreme (by "a company"). [/joke]

==========================
Note:
2 days until the 15th.

[Jutarul]

You are entitled to a refund at ANY TIME on a preorder by US law. They can not say no. If they refuse, file in local small claims court.

It's the LAW!
https://www.youtube.com/watch?v=ycmH1tMp_0s

[Searing]

You are entitled to a refund at ANY TIME on a preorder by US law. They can not say no. If they refuse, file in local small claims court.

It's the LAW!
https://www.youtube.com/watch?v=ycmH1tMp_0s

yep you are right...the law is on your side ...no way to enforce it though with bfl as an example

 and I know of 3 people off hand in forums and chat who have WON against BFL in small claims court and got nowhere as an example...
also others and myself have tried class action suit etc..paypal fraud division executive committee...etc etc

the common response form attorney general of Kansas and county attorney county bfl is in Kansas and FTC and BBB (no power BBB) etc to
folks who waited 1 year for their stuff is...(wait for it...)

"well you got your product late in 9 months or 1 year so why complain to us about it?" "you got your product go away"

also the class action suit with a lawyer was the same thing...."you got the product eventually right ...we don't want to do a class action with you"

so BFL and now Hashfast can play the system easy......if they won't enforce because you EVENTUALLY SHIP SOMETHING ..then ...well BFL anyway you are off the hook

HOPEFULLY you will not see this soap opera played out with Hashfast...but looking more and more like same  record playing different song...

I expect to see this same game played with BFL's monarch card probably next oct 2014 at best imho

The only exception I've heard of is some folks in Europe using EU law ..but they may have won not sure if they ever got paid....

also heard from folks that as soon as they sued...they got something sent from BFL if they accepted it.....well then your stuck

some who sent BFL stuff back in usa  who refused to accept from UPS...later..had to contact bfl months later to ask for it shipped again because of ftc/etc above not working out (they we're further humiliated to do so)..so better to get the doorstop then nothing in that they could not get a refund

anyway .I and others have beat this dead horse if you find someone with better results let me know (and yes mine went to the paypal exec committee that looks at fraud and was turned down the paypal rep I talked to said it was a flood so after 45 days paypal washed hands of bfl and such ..too messy imho)

anyway what do I know waiting for my 8k of 'forced to upgrade' to my 'unwanted" 900gh of monarch bricks arriving sometime oct 2014 I would imagine...but it was better then 90gh arriving about thanksgiving ..brick then brick later for the monarhs I'd imagine


so hashfast COULD get away with all of the above....BFL sure did....as to not to watch a repeat of this with you guys wish you the best...just saying what the law says on asic miner don't really apply if they can treat you getting the miner 9 to 12 months late like a regular consumer product.....

my 2c worth
Searing

[cedivad]

(i'm still laughing at that image)

I can give you guys a quick update.
We have received several test units that worked well, so we know that HF has the tech ready to go.

Q.E.D., i'm probably right about who the last 4PH are from.

[matthewh3]

I think they're waiting until they've mined enough coins to profit before paying any refunds out.

did they use pre-orders to buy KNC miners?   with what are they mining with?

AFAIK they first publicly announced that they had an actual hashing chip over two weeks ago now.  They could have been lying to get more pre-orders in.  Or they could have thousands of chips hashing by now.

[cedivad]

Or they could have thousands of chips hashing by now.

*looks forward to send a subpoena to Ciara and their PCB partner*

[Phinnaeus Gage]

==========================
Note:
2 days until the 15th.

Yep, only two more days for Skropenis to get the verbiage correct, stating in no uncertain terms the following...

We, at HashFast Trick LLC, have encountered bad news pertaining to the ASIC chips. It seems that an inferior silicon was used (the FAB believes it was the breast implant type), thus making the chips for our Golden Goose useless. The FAB has offered to respin (damn, how we hate respinning things) at their expense, but we opted to cancel the order because, as we in the Bitcoin realm don't need to be reminded, timing is everything when it comes to bitcoin mining.

That said, we will be offering full refunds via USD only, for that's what the form of our money formerly residing in our bank, but is now in this here cashier's check in my hand. During the course of the past weekend, we have diligently been hunting down another bank that'll take it on deposit being that's the funds stemmed from the sales of Bitcon related products. I'm just as floored as you all are, but don't fret this minor issue, for we have a credit union in mind.

Once deposited, we will then contact all those that have ordered via one of our Twitter accounts as to how to proceed to get your refund refunded. The refund request process will be open for only 90 days from the day of the announcement, whereupon refunds will then be awarded on a FCFS basis. Please make sure that the refund request form is completed correctly, for we will not waiver from the FCFS rule in place. Any errors WILL hold up the rest of the line, and I'm sure that you wouldn't want to be the one to take the heat from your fellow Monumental Asshole^TM that'll cause the delay.

To guarantee that there's enough monies available, we are shutting down our website to save the hosting fee cost, hence using Twitter. Please keep an eye out, for at this speaking we're not sure which account will be used, but you'll know it's us because we'll use the hashtag #Hash Fast (two words) in our 140 character announcement.

Although the rumor on the street is that we have been mining with your miners causing the hash rate thingy to rise, rest assure it's not us. We know who it is, but due to an NDA we can't disclose.

Sincerely,

Team HaWeFeast:

Simon Hanna-Barbara
Long Dong Johnson
John Skropenis
Eduardo Estaban Julia Ricardo Montoya la Rosa de Castro
Amy Likewood

Full Disclosure: I penned the above while taking a shit, sans my first cup of coffee.

[Ytterbium]

So they've assembled a handful of test units? What happened to their ability to ship thousands of boxes right away? KnC didn't have any trouble assembling and shipping all of their orders within a few weeks of receiving their final silicon.

These guys obviously knew they wouldn't be able to ship on time. That's clearly why their TOS said they didn't have to ship until the end of December (or whenever) Now they've blown passed their own self-imposed deadline for refunds and they're just ignoring their own requirements.

It seemed pretty obvious these guys were super shady when they started trying to get people to send them $500k without even giving them the specs. Too bad scammers like these guys and BFL soaked up so much of the bitcoin from early miners. If they refuse to pay refunds in btc they'll essentially be stealing about $50k from people.

[Hoofprint]

Dont suppose anyone has any home addresses for hashfast staff, castro and john's would be good id even take erin's, dildo chicks (amy). they will be helpful for the police reports im filling.

fraud
international theft
grand larceny
terrorism.
and anything else i can think of

what ever sticks ill be doing hashfast itself and all its employees.   


*note to Scamfast if y'all cant be bothered to answer your dam emails, forum posts, twitter, phones and snail mail. why should i not do what ever i can to make your lives a living hell*

[jjiimm_64]

*note to Scamfast if y'all cant be bothered to answer your dam emails, forum posts, twitter, phones and snail mail. why should i not do what ever i can to make your lives a living hell*

THIS!

[Gandalfs Mentor]

So permit me to speculate a bit...

Batch 1: Approx 500 Baby jets @ about 500GH/s ea... (Assuming 1 GN/ea)
Batch 1: Approx 500 Sierras?? @ about 1500GH/s ea... (Assuming 3 GN/ea)

That would be a lot of roughly 2000 Batch 1 GN's @ roughly 500GH/ea= 250TH/s...  HMMMMM!!!
?? Is this where the 250T came from on Eligius???

What about the other 3.5PH out there??? Batch 2-4 and Batch 5-8?

Am I to assume that our buddy John S. has partnered with IceDrill provided them with our Batch 1,2,3, and possibly 4 chips to set up a mining farm of his very own??  Sure seems that way.  Take a look at IceDrill principals and their recent relations with you know who... Follow the money.

Isn't this like insider trading?  Will someone call Martha Stewart and see if she has been speaking with HF~JS

Made Ya Look... Careful you might not like what you see

[minternj]

Well lookie there. It's 2 weeks™ since the last technical update. 2 weeks™ left to go to deliver on the new date. I dub thee BFL 3.0. You have gone above and beyond the 2.0 moniker.

[Gandalfs Mentor]

Nice 3.0 LOL