HashFast announces specs for new ASIC: 400GH/s

[Legend21]

almost 31 january, before deathline.. -->Fail to deliver

Someone already have their refunds back???

[Micky25]

Furthermore, there are extra screws like:



I don't know what the washers are for but the black long screw is used for mounting the water cooling fans to the top. In this unit all 8 screws are present so this is a mistake that happened during the assembly. All in all I'm not impressed by the quality of what Ciaratech delivered...

Obviously, as I suspected months ago, Ciarra has indeed a very special way to handle screws - they just throw them in the box.

Why would Ciarra make HF, their principal, sign a NDA? Because they have a very special and arcane way to drill in screws? Bullshit everywhere.

[ninjarobot]

Furthermore, there are extra screws

Those extra screws are there so you can go screw yourself. Consider it a gift from HF

[dbbit]

Also, if you get a UPS shipping notification - ignore it. Apparently HashFast just prints out a shipping label for fun and then they sit on it without actually delivering the package to UPS.

Now poor UPS has to send me an update every day apologizing for why they haven't delivered it yet.

I receive literally 1000s of packages every year - I didn't even know UPS would do this.  Just shows you how far off into lala-land HashFast has gone.


I keep wanting to go over to the HashFast-is-a-scam camp, but when they then manage to pull of such extraordinary feats of idiocy with so much consistency, they pull me back into the HashFast-is-spectacularly-incompetent camp.

I owe HashFast an apology here. They did in fact send it yesterday, it just wasn't listed on UPS's site until late last night.

I received my BabyJet Batch 1 this morning. No upgrade kit, no MPP.

No lose screws or any other problems luckily. Nice and shiny, hashing away at just below 400gH/s.

[itod]

Furthermore, there are extra screws

Those extra screws are there so you can go screw yourself. Consider it a gift from HF

lol ninja

[PuertoLibre]

HashFast Update:

We are pleased to announce that due to Black Arrow pushing back their shipping date several months, our customers who ordered Baby Jets and Sierras WILL recognize a higher ROI on their investments.

Our PR firm, LD Johnson & Skropenis, is in constant contact with Taco-Taco on BitcoinTalk, of which we loathe.

Meanwhile, Simon and his lovely wife, Amy, are taking a well-deserved vacation now that most of the miners sold have been delivered.

Not to let the cat outta the bag, but the 14nm chip is almost taped-out, readying for silicon and will act as the core of the Latinum Nonce ASIC for our next generation miners.

Stay tuned.

HashFast Support

lol

I'll wait for the Gold Pressed Latinum Nonce chip.

[PuertoLibre]

The only reason I even put money down on BFL was because for nearly a year they were the only bitcoin ASIC manufacturer with anything public you could put money down on.

BFL's ASIC was announced summer 2012. Avalon's ASIC September 2012.
Am i wrong?

But as far as the put money down thing, Avalon didn't take 1st batch orders until Jan 2013. Which filled up damn quick as did batch 2 in Feb (?) and then the full crazy happened by the third.

If I recall correctly, Avalon started Batch 1 in September 2012.

They hoped to ship first on Feb/March, 2013.
Then they were optimistic and changed to Jan, 2013.
Then they shipped mostly on their original schedule of Jan through March, 2013.

BFL took in orders sometime in June/August 2012.
BFL hoped to deliver sometime in October 2012.
BFL actually delivered in bulk sometime in July, 2013 through Now, 2014.

But as far as the put money down thing, Avalon didn't take 1st batch orders until Jan 2013. Which filled up damn quick as did batch 2 in Feb (?) and then the full crazy happened by the third.

I think you are mixing up your dates: Avalon Batch 1 orders had to be paid either in USD for > 30 unit orders or in BTC in September 2012, when there was not even a chip designed. The actual BTC payment I can see here for my Batch 1 units is 20120924

Further batches were only payable in BTC

Batch 2 Wave 1: 20130204
Batch 2 Wave 2: 20130218/19

There are 2 people who did twist Yifu's arm and paid with a wire transfer in January 2013 (he forgot to cancel their standing order) but they only got their machines delivered in May or later, completely screwing them over. A nice bit of Soup Nazi there.

That is somewhat false, people were able to pay with USD without having to order 30+ units. Some paid with wiretransfers.

Also there was no MPP boards with this shipment. And I have not to pay any taxes, the BJ comes with Fedex

Today I received my units in Brussels shipped out on the 28th of Jan 2014 from Canada. A whole bunch of loose screws, some were missing.

Furthermore, there are extra screws like:



I don't know what the washers are for but the black long screw is used for mounting the water cooling fans to the top. In this unit all 8 screws are present so this is a mistake that happened during the assembly. All in all I'm not impressed by the quality of what Ciaratech delivered...

As for taxes, the commercial invoice from Ciaratech states each unit costs $608.8 so FedEx in Europe will send you a VAT invoice for that after customs has done their job. It does list "Engineering Samples" but that won't stop customs from googling and finding out the declared value does not match what you paid.

Woops, that seems to be a case of fraud.

They had better call customers and customs quick to resolve the issue.

[PuertoLibre]

Are you sure you didn't receive a KNC order? Cause:

eh, you are no KNC.....

 That's true...

Funny how HashFast_CL is actively reading the forums, but not posting.

Last Active:    Today at 10:33:03 AM
Last Post:       December 31, 2013, 08:10:00 PM

Since HashFast_CL is regularly online, no doubt he will catch the customs issue and immediately seek to fix the declarations after contacting customs/customers about the error.

https://apps.cbp.gov/eallegations/
http://www.fedex.com/us/security/prevent-fraud/index.html

[gmaxwell]

Is it fraud to declare the actual cost of the goods?

Like, if you pay be 1 BTC, I feed half of it into /dev/null and tend the other half to Alice. Alice sends you a product with a declaration of $500.  Is that kosher?

[PuertoLibre]

Is it fraud to declare the actual cost of the goods?

Like, if you pay be 1 BTC, I feed half of it into /dev/null and tend the other half to Alice. Alice sends you a product with a declaration of $500.  Is that kosher?

Are you declaring the commercial value or the BOM [Bill Of Materials] of the product?

Which do you think the customs form intends for you to put down?

http://en.wikipedia.org/wiki/Bill_of_materials

Edit: And this is all a moot point. Consider for a moment that Ciaratech are experts at shipping. They should DO know better.

[Minor Miner]

Is it fraud to declare the actual cost of the goods?
Like, if you pay be 1 BTC, I feed half of it into /dev/null and tend the other half to Alice. Alice sends you a product with a declaration of $500.  Is that kosher?

You need to declare the total cost paid for the product by the receiving party.   If you import to the EU a lot and are an american, you set up a company that imports your own product into one of the EU countries and then you are the importer and you can use the cost you paid for the good PLUS all of the shipping costs to land and clear it into the first EU country.   Otherwise, you must pay your VAT and duties based on the selling price.   Regardless, if you sell to an end user you need to pay the VAT based on the purchase price to the government of the EU country that it lands in.   Then you can file quarterly to offset (or pay more) for the end country of the sale.

[Micky25]

As for taxes, the commercial invoice from Ciaratech states each unit costs $608.8 so FedEx in Europe will send you a VAT invoice for that after customs has done their job. It does list "Engineering Samples" but that won't stop customs from googling and finding out the declared value does not match what you paid.

Woops, that seems to be a case of fraud.
They had better call customers and customs quick to resolve the issue.

This fact surprised me as well, but maybe they just split the value up with this and the following mpp shipments.

[Minor Miner]

As for taxes, the commercial invoice from Ciaratech states each unit costs $608.8 so FedEx in Europe will send you a VAT invoice for that after customs has done their job. It does list "Engineering Samples" but that won't stop customs from googling and finding out the declared value does not match what you paid.

Woops, that seems to be a case of fraud.
They had better call customers and customs quick to resolve the issue.

This fact surprised me as well, but maybe they just split the value up with this and the following mpp shipments.

I would not jump to conclusions.   A large company the exports all the time is not going to put the wrong value on a shipment and risk their business. 
1.   It could be that Ciara (sp?) is clearing customs in the EU as the importer and in that case using their COST would be correct.    The email on payment of VAT would be incorrect though, it should be on the price paid (but not a big deal, they may not know and the govt will tell you I am sure).
2.  It could be that the amount paid is now divided over all the units you are receiving and you are the importer.   In that case, it would be correct.
3.  Or it could just be an error.   I see 1 and 2 as more likely.   No ongoing concern in business will put false prices on invoices to benefit someone else.   It is not worth it.

[PuertoLibre]

As for taxes, the commercial invoice from Ciaratech states each unit costs $608.8 so FedEx in Europe will send you a VAT invoice for that after customs has done their job. It does list "Engineering Samples" but that won't stop customs from googling and finding out the declared value does not match what you paid.

Woops, that seems to be a case of fraud.
They had better call customers and customs quick to resolve the issue.

This fact surprised me as well, but maybe they just split the value up with this and the following mpp shipments.

I would not jump to conclusions.   A large company the exports all the time is not going to put the wrong value on a shipment and risk their business.

Agreed. We agree on at least this much. I highly doubt this error was from CiaraTech.

1.   It could be that Ciara (sp?) is clearing customs in the EU as the importer and in that case using their COST would be correct.

If they hired CiaraTech then why would they create their own company for importing their own products to end users?

They also signified it was an "Engineering Sample". Plain and simple, it is neither a sample nor a prototype.

It is "Merchandise".

The email on payment of VAT would be incorrect though,

Agreed.

it should be on the price paid (but not a big deal, they may not know and the govt will tell you I am sure).

I disagree, it is a big deal. VAT in EU countries is usually 20 to 30% of the value of a product.

Couple this with the "Engineering Sample" and you pretty much have a clear indication that these packages are trying to avoid tax. CiaraTech placing packages in transit for the EU with a value of 10% to an end user...hmm...not good.

That means there is about a 90% VAT left to be paid.

On your second point, HF is a new company with a new product. It's not exactly like they are well known. It's not a iPhone.

2.  It could be that the amount paid is now divided over all the units you are receiving and you are the importer.   In that case, it would be correct.

Is there any evidence that they have registered an EU importers license?  

3.  Or it could just be an error.   I see 1 and 2 as more likely.   No ongoing concern in business will put false prices on invoices to benefit someone else.   It is not worth it.

Agreed.

[SolarSilver]

I would not jump to conclusions.   A large company the exports all the time is not going to put the wrong value on a shipment and risk their business. 

Screw the large company exporting, they are causing accounting and customs problems for the customers who are receiving the packages.

I declared an expense of USD $22,400 when I bought the equipment.

I now have an IM4 document proving the import of the equipment at CAD $2435.20. I have a virtual VAT invoice (due to ET license we never pay VAT at import) of EUR 382.70 that does not match my original purchase.

My beancounter is going to love me when I submit the papers in 2 days for M01 2014...

For Belgian customs it's not such a problem they are lax (flexible?), but for example German customs is known to flag and hold cases like this where the declared value does not match the published (on a website) value they google.

[1l1l11ll1l]

I would not jump to conclusions.   A large company the exports all the time is not going to put the wrong value on a shipment and risk their business. 

Screw the large company exporting, they are causing accounting and customs problems for the customers who are receiving the packages.

I declared an expense of USD $22,400 when I bought the equipment.

I now have an IM4 document proving the import of the equipment at CAD $2435.20. I have a virtual VAT invoice (due to ET license we never pay VAT at import) of EUR 382.70 that does not match my original purchase.

My beancounter is going to love me when I submit the papers in 2 days for M01 2014...

For Belgian customs it's not such a problem they are lax (flexible?), but for example German customs is known to flag and hold cases like this where the declared value does not match the published (on a website) value they google.

Shouldn't they be declaring the value at 51BTC, or $40k+?

[fubly]

how is your miner performing?

After I change the cgminer version from 3.9 to 3.12 on the raspberry it performs only at 390 Gh/s

I have done the update this way:

Code:

###################HASH FAST ###### MINEPEON #######

cd /opt/minepeon
mkdir tmp
cd tmp
wget http://ck.kolivas.org/apps/cgminer/cgminer-3.12.0.tar.bz2 
tar -xvf cgminer-3.12.0.tar.bz2 
cd cgminer-3.12.0/
### Here you can remove the miners you don't need
./configure --enable-hashfast
# the next step might take a while
make
sudo mv /opt/minepeon/bin/cgminer /opt/minepeon/bin/cgminer-3.9.0-backup
sudo cp ./cgminer /opt/minepeon/bin/

sudo chmod -R 777 /opt/minepeon/bin/cgminer
sudo chown -R minepeon.minepeon /opt/minepeon/bin/cgminer

############## It works! But not well #### fubly #############

http://minepeon.com/forums/viewtopic.php?f=14&t=1321&p=5216#p5216

Then only restart via webfrontend.

With cgminer 3.9.0 I had 430 to 465 Gh/s

[SolarSilver]

Shouldn't they be declaring the value at 51BTC, or $40k+?

Not according to their lawyer ;-)

It's clear the lawyer has completely taken over any common sense: the HFB comes with a one page manual "Welcome to your new Baby Jet" and a 3 (three) page "Cover our ass Limited Hardware Warranties" stating you are SOL when the hardware does not work as it's always your fault when it breaks.

Did anybody with broken or missing parts get any reply from their support email desk?

[cedivad]

the HFB comes with a one page manual "Welcome to your new Baby Jet" and a 3 (three) page "Cover our ass Limited Hardware Warranties" stating you are SOL when the hardware does not work as it's always your fault when it breaks.

Now, this is funny.

It's clear the lawyer has completely taken over any common sense

Looks like so... Btw, have anyone ever noticed that one of the business address we have of HF is exactly the same as the lawyers' business address?

HashFast Technologies LLC
649 Mission Street 5th Floor
San Francisco, CA 90291

Strategic Counsel Corp.
649 Mission Street, Fifth Floor
San Francisco, CA 94105

[-ck]

how is your miner performing?

After I change the cgminer version from 3.9 to 3.12 on the raspberry it performs only at 390 Gh/s

I have done the update this way:
http://minepeon.com/forums/viewtopic.php?f=14&t=1321&p=5216#p5216

Then only restart via webfrontend.

With cgminer 3.9.0 I had 430 to 465 Gh/s

As per my cgminer announcements, the first versions that supported hashfast hardware reported hashrate based on overall work done, not effective hashrate based on hashes that returned their effective share return rate. If you want the display to show a higher number, but not actually earn anything more, feel free to stick to the old version, but the hashrate will say 430+ while the pool will pay you for 390.