HashFast announces specs for new ASIC: 400GH/s

[perezoso]

Fu&k chips. I want my refund

I don't think anybody is going to get exactly what they want out of this, unfortunately.  I think they blew through a ton of money and may have squirrelled some away. Hopefully the latter will be found.

At this point, I'm most interested in the truth. 

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[cedivad]

For all our criticisms it's nice to see that Ken & Co. continue to search for ways to create business... this is good to see..  

Gold Rush PCB Assembly $749

Fast-Hash One Gold Rush PCB Assembly. We are currently offering Parts and assembly for HashFast chip supplies. We will be taking consigned chips for Assebly at our Construction Management contractor. This is a great solution should you have purchased chip only from HashFast and you are looking at getting this on a PCB for mining.  This Option includes One PCB Blank, All components, Assembly, Board Testing and Engineering Test. You will in turn recive a fully functional board and chip unit.


Gold Rush PCB Bulk Order $199

Fast-Hash One Gold Rush Blank PCB. This is a 12 Layer engineered board sample that is currently in production for our Gold Rush Fast Hash One boards. It is based on a Reference design from HashFast Evo Yoli boards. We have a continunious supply of these in our production facility, PCB Fab as well as Engineering Sample available. Email for bulk order or Assembly Pricing.


Fast-Hash One Gold Rush $849

Long awaited 28nm 750 GH/s mining boards have arrived. The 750 /GHs mining cards that are 28nm ASIC powered. Board availability is in supply chain and will continue. We will only sell commited stock on a first come fist serve basis. THIS IS NOT A PRE-ORDERED PRODUCT.

http://virtualminingcorp.com/shop1/index.php?controller=new-products

Find X, where X is the value of a chip.

[minternj]

Wait so the chip is only valued at 849-749 = $100 ? lol.

[bkminer]

Did anybody receive an answer from them regarding the chip conversion (I think they are ignoring my emails)? Do they now convert all orders to chips or do we have to confirm the conversion?

Nothing will happen now.  Amy told me yesterday that they expected to have finished shipping batch 3 before the end of the month, but with the filing everything stops.  And they can't talk about what they would have done before the filing.  So it seems my order would have been shipped in the next 2 weeks, except someone decided to slow things down even more with the petition.

At this point I pretty much give up on ever getting anything, my single Sierra order won't get even 50% of it's value, I'll be lucky to get 10% if HF is forced into insolvency. 

[cedivad]

So it seems my order would have been shipped in the next 2 weeks, except someone decided to slow things down even more with the petition.

HashFast is still completely in charge of everything. If they told you anything different, they were lying. If they fail to respond to the petition within 21 days, only then, things will change.

If they really wanted to ship you your batch 3 sierra before the end of the month, they will still do so.

VMC is taking advantage of the market being flooded by HF chips. Unsurprising for (what many define?) a scammer. They have a really big profit for every board they sell.

If there are enough little customers with chips (and enough cash to pay for the manufacturing) I would be happy to do my best to organise a "group buy" for placing those chips into their boards.

[bkminer]

VMC is taking advantage of the market being flooded by HF chips. Unsurprising for (what many define?) a scammer. They have a really big profit for every board they sell.

VMC's phone number is no good and emails I send bounce, why would anyone place an order on their website?

[bkminer]

HashFast is still completely in charge of everything. If they told you anything different, they were lying. If they fail to respond to the petition within 21 days, only then, things will change.

To be fair, I was told they are only stopping until they have come up with how they are going to respond to the petition.

[cedivad]

VMC's phone number is no good and emails I send bounce, why would anyone place an order on their website?

Because they are filing a gap in the market, the gap being people who have chips and want boards. They could find some desperate. If there is enough demand, I would organise a batch so that you don't have to trust them and pay their extra profits.

To be fair, I was told they are only stopping until they have come up with how they are going to respond to the petition.

I was told the same about my poor chip settlement. It only means that they want to stop, not that the petition forced them to. It's a legal BS, if you are interested in my opinion.

However, now that the value of the chip is public, you can do a little calculation:

"tens of thousands" =~ 50k. 50k chips * $100/chip = $5M. It's a stock that loses value daily, approximately 1% daily.

So every day they waste in legal BS equals to $50k evaporating. Cheers.

[Legend21]

fucking, they are fucking stealing my fcking money

[itod]

Wait so the chip is only valued at 849-749 = $100 ? lol.

What was your estimate the chip is worth? US$100 is rather expensive IMHO.

[MrTeal]

Wait so the chip is only valued at 849-749 = $100 ? lol.

What was your estimate the chip is worth? US$100 is rather expensive IMHO.

$100 would be a steal, I would love to purchase them at that price.

More likely is that VMC is selling the cards out of their farm, and the price is subsidized already by the self-mining.

[cedivad]

Please show me where you can buy chips of any kind for 0.15$/GH and you will have a point
$100 is cheap.

However I've yet to understand if they have chips or wafers in hand. I hope tens of thousands of chips, and then containers of wafers, but I'm daydreaming.

[itod]

Please show me where you can buy chips of any kind for 0.15$/GH and you will have a point
$100 is cheap.

It has nothing to do for how much GH/s is sold, of course you can not buy it for 0.15$/GH when somebody else is willing to pay more. It's weak supply/strong demand that has shifted BTC hardware to unrealistic territories.

I was not talking about BTC mining hardware value, I was talking about the retail value of custom ASICs. There was an expert here in the forum that claimed that custom ASICs go from 0.1US$ a chip to US$10 a chip, depending on technology and quantities to disperse the development phase on them. Anything above US$10 per ASIC is just degeneration of low market supply. It only shows how immature BTC hardware market is.

[cedivad]

You are talking about 4 ASICs and a substrate in this case (that I guess to be cheap). You have to add the development costs and a profit. $100/chip is cheap.
Yes, no one is buying and the offer/demand shifted completely during the last year. That's one of the reason why everything related to this HashLabs odyssey is so interesting

[Legend21]

Another delay now, all batch 3 fucking on pending.

[paranoidx]

So at this point, the difficulty is 20x that of what it was in late October.
So lets say I hypothetically get 20 GN chips from hashfast...
I would have to purchase 20 boards (+assebly) for them.

Thats 20x$750.
That means I would have to put in another $15,000 to get a comparable amount of hashrate to what I should have gotten back in October.  And that's not taking account that I'll be needing 20x the energy.

FUCK NO.

Hashfast needs to sell their chips to new customers and use that money to pay back all the early batch customers who funded them.

[SolarSilver]

Hashfast needs to sell their chips to new customers and use that money to pay back all the early batch customers who funded them.

Yes, they need to respect the pyramid scheme!

[paranoidx]

Hashfast needs to sell their chips to new customers and use that money to pay back all the early batch customers who funded them.

Yes, they need to respect the pyramid scheme!

Sell chips that are now in stock.  New customers get their chips.  Hashfast pays off the refunds they owe.  We call it a night.

[duncwa]

What if??   On another note.  Hashfast may consider some sort of merger with KNC.  Of course HF would get the short end of any such deal but think about HF's customers and what KNC could possibly offer HF customers.  HF may even appeal to KNC to deliver to each HF customer a 4TH machine powered by Yoli's.  Just a thought on my part.  Thought creates reality:-)

[perezoso]

Hashfast needs to sell their chips to new customers and use that money to pay back all the early batch customers who funded them.

Yes, they need to respect the pyramid scheme!

You've thrown thousands of dollars at Hashfast, and now you would accept payment in the form of $100 chips, to which your must further add $749 each in components and assembly, plus power supplies, cooling, shipping, etc.... in order to mine on network that's so big now that that all your calculations about profitability have been thrown out the window several times?

Unless you are a huge customer with huge price leverage on the boards, taking the chips sounds like throwing good money after bad to me.

Nope, the truth and a check for our shares of what little is left is probably best.  And who knows what new information the truth may reveal.

The fundamental mistake that was made was Eddie's arrogance in late 2013, when the company should have come forward with honesty to negotiate with its customers.  Instead, all the way through April 2014, they acted like little pricks.  And even if you believe the recent coming to Jesus, untucked shirt and burn victim routine, it's just too little, too late.