HashFast announces specs for new ASIC: 400GH/s

[cedivad]

I would say thank you for the spam, Spondoolies-Related accounts, and let's go back to the topic.
Posted from Bitcointa.lk - #dfpZ5vREHuOCrAQZ

[raskul]

I would say thank you for the spam, Spondoolies-Related accounts, and let's go back to the topic.
Posted from Bitcointa.lk - #dfpZ5vREHuOCrAQZ

nice chip - quite fast too, good on them for creating it

/s

[Bicknellski]

I would say thank you for the spam, Spondoolies-Related accounts, and let's go back to the topic.
Posted from Bitcointa.lk - #dfpZ5vREHuOCrAQZ

+1

So are you gents emboldened buy the Class Action lawsuit against BFL?

What would it take to get one going against HF?

[bkminer]

I would say thank you for the spam, Spondoolies-Related accounts, and let's go back to the topic.
Posted from Bitcointa.lk - #dfpZ5vREHuOCrAQZ

Spam, eggs, ham, and spam.  Apologies for what cedivad considers SPAM.  Back on topic, I've asked for a conversion of my Sierra and was told I would get an email on how to do it.  That was 2 weeks ago.  I've unfortunately come to the conclusion that I will get neither equipment nor refund at this point.  If I could I would fly to S.F. and visit the office, if it's still there.  The fact that they're selling used boards to other companies doesn't bode well for their financial health. Filing and winning a law suit still requires that the company has enough assets to pay the court ordered amount.  At this point I wonder if they do.   

[cedivad]

The tos specifically denies a class action against them. It also denies litigation and forces people into arbitration.
Some customers (see the TRO) are trying to get around the forced arbitration clause, and we don't know yet if it will be successful or what (there was a hearing the 9th that was delayed, if i had to guess HF's lawyers found a way to buy time).
Gallo is doing a "group action", following each customer individually and sharing the costs by having many similar claims.

At this point however i can't believe that we left HF free of doing whatever they wanted until now, and i'm confident that this will change soon. I've like a month of holidays ahead, i should do something myself too.
Posted from Bitcointa.lk - #S5eN0qoz2iVDgApf

[Bicknellski]

The tos specifically denies a class action against them. It also denies litigation and forces people into arbitration.
Some customers (see the TRO) are trying to get around the forced arbitration clause, and we don't know yet if it will be successful or what (there was a hearing the 9th that was delayed, if i had to guess HF's lawyers found a way to buy time).
Gallo is doing a "group action", following each customer individually and sharing the costs by having many similar claims.

At this point however i can't believe that we left HF free of doing whatever they wanted until now, and i'm confident that this will change soon. I've like a month of holidays ahead, i should do something myself too.
Posted from Bitcointa.lk - #S5eN0qoz2iVDgApf

Those people at Wood Law seem to have a handle on consumer fraud cases... might worth contacting someone there a fresh perspective never know it might help? You basically laid out the timeline. Anyhow here is hoping people do work closer together and get some relief.

[RoadStress]

The tos specifically denies a class action against them. It also denies litigation and forces people into arbitration.
Some customers (see the TRO) are trying to get around the forced arbitration clause, and we don't know yet if it will be successful or what (there was a hearing the 9th that was delayed, if i had to guess HF's lawyers found a way to buy time).
Gallo is doing a "group action", following each customer individually and sharing the costs by having many similar claims.

At this point however i can't believe that we left HF free of doing whatever they wanted until now, and i'm confident that this will change soon. I've like a month of holidays ahead, i should do something myself too.
Posted from Bitcointa.lk - #S5eN0qoz2iVDgApf

Wait so if they didn't respected the TOS why should you respect it? Aren't the laws giving you that right?

[cedivad]

What part of the ToS did they broke? Sorry for the dumb question, i'm just asking like i'm five because i'm not really sure of the answer.
On listening to a fresh prospective... Why not?
Posted from Bitcointa.lk - #F2rCNHJAkybBrDWI

[RoadStress]

What part of the ToS did they broke? Sorry for the dumb question, i'm just asking like i'm five because i'm not really sure of the answer.
On listening to a fresh prospective... Why not?
Posted from Bitcointa.lk - #F2rCNHJAkybBrDWI

Haven't actually read the ToS, but what about delivery, refunds etc? They must have broken something in there

[cedivad]

Nothing i can think of Certainly the part about refunds, but not for idiots that keep signing that refund and release agreement.

Given the idiots/avg person ratio of the mining industry if i had to guess HF has a pile of those refund and releases agreements signed.

[Bicknellski]

Nothing i can think of Certainly the part about refunds, but not for idiots that keep signing that refund and release agreement.

Given the idiots/avg person ratio of the mining industry if i had to guess HF has a pile of those refund and releases agreements signed.

Probably can't sign away your rights or waive those rights? Especially if laws are broken no?

[cedivad]

Probably can't sign away your waive those rights? Especially if laws are broken no?

I'm quite sure that people that signed that agreement are pretty much screwed. HF will pay them when they want and they can't do anything to reverse that. That when could be 5 years from now.

Now.

I personally have faith about the solvency of HF. It's because i still had some stupid faith that they didn't want to run the business as real criminals. However one can't stop thinking that they haven't shipped shit in the last month, that they have ASICs "in stock", and that they are taking their time to ship them. There is only one logical conclusion here, right? "Lend" the ASICs from the company, make boards with your own money, mine with them, resell the boards once that you are happy (ship it as MPP), or desolder the ASIC and put it back in "stock".

I think i will do my bit today and i will try to write to a criminal prosecutor. I'm starting to like Legalese, after all.
If i'm successful it will help them not to go bankrupted. I'm sure they will appreciate.

Cheers!
Posted from Bitcointa.lk - #4ikOB1LkvsFcVyYS

[cedivad]

If only I could make the leap from Adam to KnC.

Help us finding their secret datacenter, P&G. That would be useful.
Posted from Bitcointa.lk - #oYCjhT2oTVCGrfiK

[bkminer]

I'm quite sure that people that signed that agreement are pretty much screwed. HF will pay them when they want and they can't do anything to reverse that. That when could be 5 years from now.

_____ I hereby cancel all of my orders and request a prompt refund in the amount shown above, paid to me in United States Dollars.

I showed the "release" to a friend of mine who is a lawyer and he said those words like "prompt refund" have meaning in a court of law and HashFast cannot just wait as long as they want to refund.

Just an FYI...

[cedivad]

Just an FYI...

Just FYI, read the rest of the contract before trying to argue on the definition of prompt.
Posted from Bitcointa.lk - #HqGhWd5VT5XaYZHb

[bkminer]

Just FYI, read the rest of the contract before trying to argue on the definition of prompt.

I was only relaying what my friend said after reading the entire document.  I guess you have a Federal Bar Card?? 

[cedivad]

I'm happy for your and for your free legal counsel. Too bad that we have to pay it, and that what we are being told disagrees with your friend.

Don't sign that release agreement.
Or trust bkminer's imaginary friend and gift HF with a 5% interest loan of undefined length.
Posted from Bitcointa.lk - #f5HSzInyUjFi23I9

[bkminer]

I'm happy for your and for your free legal counsel. Too bad that we have to pay it, and that what we are being told disagrees with your friend.

Don't sign that release agreement.
Or trust bkminer's imaginary friend and gift HF with a 5% interest loan of undefined length.

I never said I would sign it or that anybody should sign it, but for the people that have signed it, there might be hope is all.

[cedivad]

hope

I'm sorry, but there is no hope for customers that signed that contract. I don't want to sound rude imposing my opinion, but there really isn't anything one can do.

You would have, to begin with (it has been months since when i read it), to:
1) Pay their legal fees, you will never get those fees back, but only the refund amount in your best case scenario
2) Go in arbitration, next to their home. You signed away your rights to litigation
3) Etc

[solarion]

How can people still believe these companies are all "messing up"? Here's a product with very high R&D costs, very high retail value, and a ridiculously short shelf life. All this taken together means that manufacturers are incentivized to defraud their customers. They don't have to steal anything, all they have to do is create the product and mine with it while at the same time finding every excuse in the book not to ship on time. When the equipment is no longer profitable or barely profitable and or they've got their new and improved product to peddle they'll suddenly start shipping their now near worthless orders. Hasn't hashfail been squawking about their new and improved product for weeks?