HashFast announces specs for new ASIC: 400GH/s

[stan258]

Has anyone successfully send the claim documents to the court?

I sent mine via EMS, and today I checked the status and it says "Failed Delivery -- Addessee requested collection at Post Office".

So they will collect at the post office, right? How can I know they have received it or not?

Just file the claim online. You will get a number to ref back to.  The most important thing is that the court has your name on record that you are owed money.  If the court needs further clarification as to communications, order numbers ETC they will ask you via mail with the address you listed on the damn claim form.  
If Hashfast has a new chip they would like to deploy and properly restructure under Chapter 11, debtors will get more funds back.  Very rarely 100%.  The golden Brick shit is about to be obsolete in a few weeks thanks to Bitmain S3. What source of cash flow do they have after that? The legal team they have is most likely working for cash up front, huge retainer or they will end up on this list same as us and what are left are pennies on the dollar for outstanding creditors.  A decent attorney ranges from about $275 to $400 per hr. in San Francisco. I would take bets they are late on utilities and lease obligations as well.  Under Chapter 11 these get paid first.    

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[Bicknellski]

So we come semi-full circle here.  Wonder if Inaba wants to comment on this. Harh harh.

Liquidbits is one of several companies that comprise Coinware.

http://www.coinware.io/

One of Coinware's other ventures is Nimbus mining.

http://www.nimbusmining.com/

Nimbus mining is BFL's cloud mining host.

https://products.butterflylabs.com/nimbus-mining.html

Nimbus doesn't seem to have any other public customers.

Oh, headache.

So this guy Bachrach, who bought the huge HF order, has some major deal with BFL too.  I wonder to what extent he represents his own (and coinware fellow execs) capital, and to what extent he's fronting for other investors.  Would love to know the details of the BFL too.

The shell company of shell companies. Nice. https://bitcointalk.org/index.php?topic=659828.msg7427559#msg7427559 <-- link back to this. Full Circle indeed.

[stan258]

Perhaps for another thread.  However you BLF folks that have filed suit should also engage the USPS as they ship product through them.  Letting them know this company is using them to deliver fraudulent goods under the consumer protection act. Failing to deliver and refunding in a timely manner. Purposefully withholding time sensitive hardware.(the Postal investigators carry guns, only found this out recently.) If you get blown off by the postal service send the response to your elected Representative in congress asking them to see if they can look into it further. I kid you not sometimes our government works.  Just have to push the right butt hole. I would also write the board of directors to FedEx and UPS with a similar letter. These two companies are publicly traded and this letter sufficing to notify governing leadership BLF has is or may use their service in transporting goods across state lines facilitating in fraud. Actually if you folks would Kraft one letter print it out, attach your signature to it and send it in snail mail so they get like a few hundred letters.  It Will rattle them a tad. They will know a group is unhappy that may request compensation. UPS in particular just paid 40 Million in fines for the online pharmacy thing. They may listen. If they blow you off you send the response to the SEC asking them to look into this further. Hopefully creating as much pressure on the scum farts as possible so they settle. Also slowing down shipping to these large farms skipping your order Que.  Good Luck.

[arorts]

Can someone just please summarize what's the best recommendation for BATCH 1 customers???

As far as I see things:

A) Gallo      =   You only get to keep 60 % of  your share in the XYZ bucket of refunds. Does Gallo add any value at all for such a huge take they are getting? If they add Batch 2 refunds to the bucket, your share will be even further diluted, correct?
B) No Gallo =   Free riding. You get to keep 100% of your share in the XYZ bucket of refunds. This bucket includes everyone by default?

*Is that how it works??
*Is the bucket of refunds really the same or not in both cases?? Even if Gallo's bucket is larger, with their immense cut, would still make option B) better, correct?
* Does option B) has a significantly smaller probability of getting refunds than option A) for MORTAL customers like us (exclude Liquibits from the equation )

Again this is a question specifically from BATCH 1 pre-orders standpoint. Thanks.

[cedivad]

Again this is a question specifically from BATCH 1 pre-orders standpoint. Thanks.

If you didn't asked for a BTC refund in written before the 15th of January I don't think that you are entitled to one. So Gallo makes sense only if you did so. 40% is a lot.

And btw, the one of the last document filed (that I'm not posting here because it's full of addresses and people complained) shows that Gallo has $3M in BTC claims, and again, 40% of that is a lot.

This post is valid https://bitcointalk.org/index.php?topic=262052.msg6877963#msg6877963 because I was there when two guys from HashFast (don't get the name mixed up with HashTrade) walked the plant with Sonny, David, and Josh.

I guess that they needed suggestions on how to assembly the boards without delivering them to their customers. Fair question. Find the answer and win the game.

If this were to become a criminal case, we would get (investigative) superpowers and everyone would most probably get everything back.

[stan258]

Again this is a question specifically from BATCH 1 pre-orders standpoint. Thanks.

If you didn't asked for a BTC refund in written before the 15th of January I don't think that you are entitled to one. So Gallo makes sense only if you did so. 40% is a lot.

And btw, the one of the last document filed (that I'm not posting here because it's full of addresses and people complained) shows that Gallo has $3M in BTC claims, and again, 40% of that is a lot.

This post is valid https://bitcointalk.org/index.php?topic=262052.msg6877963#msg6877963 because I was there when two guys from HashFast (don't get the name mixed up with HashTrade) walked the plant with Sonny, David, and Josh.

I guess that they needed suggestions on how to assembly the boards without delivering them to their customers. Fair question. Find the answer and win the game.

If this were to become a criminal case, we would get (investigative) superpowers and everyone would most probably get everything back.

Hashfast Used Bfl for assembly or something? Josh out of thin air defended Hashfast back in December.

[nibbknot]

Again this is a question specifically from BATCH 1 pre-orders standpoint. Thanks.

If you didn't asked for a BTC refund in written before the 15th of January I don't think that you are entitled to one. So Gallo makes sense only if you did so. 40% is a lot.

And btw, the one of the last document filed (that I'm not posting here because it's full of addresses and people complained) shows that Gallo has $3M in BTC claims, and again, 40% of that is a lot.

This post is valid https://bitcointalk.org/index.php?topic=262052.msg6877963#msg6877963 because I was there when two guys from HashFast (don't get the name mixed up with HashTrade) walked the plant with Sonny, David, and Josh.

I guess that they needed suggestions on how to assembly the boards without delivering them to their customers. Fair question. Find the answer and win the game.

If this were to become a criminal case, we would get (investigative) superpowers and everyone would most probably get everything back.

Hashfast Used Bfl for assembly or something? Josh out of thin air defended Hashfast back in December.

A couple reps from HashFast visited the plant a few times starting in November to about March if I'm not mistaken. Hopes this info helps.

[cedivad]

A couple reps from HashFast visited the plant a few times starting in November to about March if I'm not mistaken. Hopes this info helps.

Do you recognise the reps?

http://hashfast.org/People

or

or the guy on the right

or the one in the middle

[nwfella]

Anyone waiting for BJ upgrade kits and not seeing their name on the list?

1 fully paid for (with BTC) upgraded BJ and not seeing myself on the list :/

[Ronin_sv]

So then the real devices will be available? And what specs will be?

[RoadStress]

So then the real devices will be available? And what specs will be?

Not sure if you are trolling or just trolling.

[Ronin_sv]

So then the real devices will be available? And what specs will be?

Not sure if you are trolling or just trolling.

I haven't read +100500 pages of thread.

Like i understand there is a new chip which make  400 mgh\s, so i'm just curious.

[stan258]

So then the real devices will be available? And what specs will be?

They filed Bankruptcy and have a crap load of unfulfilled orders dude.

[Ronin_sv]

So then the real devices will be available? And what specs will be?

They filed Bankruptcy and have a crap load of unfulfilled orders dude.

So they just took money from people and announced a bankruptcy?

[jjiimm_64]

So then the real devices will be available? And what specs will be?

They filed Bankruptcy and have a crap load of unfulfilled orders dude.

So they just took money from people and announced a bankruptcy?

that is not a bad summation of what happened.... all you have to do is throw in the delivery of a few rigs between the two.

[BitCoin Operated Boy]

A question out of usual fu*k HashFu&k topic :-)

There's going to be a jump of almost 30 Petahash in 6 days.
Does anyone know the reasons why there is so large difficulty jump (around 25%) this time?
Some new mines being started somewhere? The hardware being replaced in established mines?
If so, do you know which mines and what is their Petahash input?
KNC Neptune is defo contributing to it but not £30 Petahash. It's like 3 massive mines have joined :-)

[Entropy-uc]

A question out of usual fu*k HashFu&k topic :-)

There's going to be a jump of almost 30 Petahash in 6 days.
Does anyone know the reasons why there is so large difficulty jump (around 25%) this time?
Some new mines being started somewhere? The hardware being replaced in established mines?
If so, do you know which mines and what is their Petahash input?
KNC Neptune is defo contributing to it but not £30 Petahash. It's like 3 massive mines have joined :-)

KNC, BFL and Asicminer all have new hardware that is working.  On top of that you have dozens of secret projects.  I would expect several large financial companies have decided to deploy mines.  Their data centers are essentially idle outside of trading hours so they have free facilities to deploy in.

Anyone investing their own money into new gear at this late date is an incurable optimist.

[Micky25]

by end of the year the first big mines will be shut down by lack of profitability or governments, so there will be equilibrium.

[cedivad]

KNC, BFL and Asicminer all have new hardware that is working.  On top of that you have dozens of secret projects.

Yes, but different entities cannot explain the perfectly linear growth of this last spike. And if that huge spike was a single entity... "the difficulty is too damn high".
 

I would expect several large financial companies have decided to deploy mines. Their data centers are essentially idle outside of trading hours so they have free facilities to deploy in.

I'm sure that you know a thing or two that would make it simply stupid for those guys to use their tier 4 datacenters possibly next to stock exchanges to mine.

Anyone investing their own money into new gear at this late date is an incurable optimist.

Poor HF chips.

[cedivad]

Creditor Committee:

1. Hamilton Hee 761 Irwindale Ave.
Las Vegas, NV 89123
2. Sistemas Operativos Sanitarios ca
Calle 35 entre Av. 2 y 3 #2-34 Merida, Venezuela 5101 Attn: Guido Ochoa
3. Uniquify, Inc.
2030 Fortune Drive #200 San Jose, CA 95131 Attn: Robert Smith
4. Antony Vo
319 S. Mitchell St. Bloomington, IN 47401
5. Koi Systems Ltd
1191 Center Point Drive Suite A
Henderson, NV 89074 Attn: Robert Edgeworth
6. Digimex Ltd.
Bel Air on the Peak, Phase 4 Tower 7, Unit 19A
Pok Fu Lam, Hong Kong Attn: Willem van Rooyen
7. Peter Morici
1430 Patapsco St. Baltimore, MD 21230

It looks like that I can take a holiday.