HashFast announces specs for new ASIC: 400GH/s

[HardwareReviewer]

I want to see the entire hashfast team in jail.  this way other hw companies know what to expect if they think they can pull something like this.

Probably a new jail has to be built in order to accomodate all those bitcoin scammers.

[1714056259]

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[cedivad]

We just need enough for a conviction of one of their inner circle. Then they will talk, and a lot of value will be recovered. It's not improbable at all.

[Pt0x]

Creditor Committee:

2. Sistemas Operativos Sanitarios ca
Calle 35 entre Av. 2 y 3 #2-34 Merida, Venezuela 5101 Attn: Guido Ochoa

A Venezuelan politician that owns a company already banned to do business with the local state? LOL!!!!

http://guidoochoa.psuv.org.ve/

http://rncenlinea.snc.gob.ve/planilla/index/199676?anafinan=N&anafinanpub=Y&login=N&mostrar=INF

[Unacceptable]

I want to see the entire hashfast team in jail.  this way other hw companies know what to expect if they think they can pull something like this.

Probably a new jail has to be built in order to accomodate all those bitcoin scammers.

Hmmm,a virtual jail for virtual currency criminals 

[Bicknellski]

I want to see the entire hashfast team in jail.  this way other hw companies know what to expect if they think they can pull something like this.

Probably a new jail has to be built in order to accomodate all those bitcoin scammers.

The "bit collar criminals", yes I invented the phrase, need no special jail. Gen pop and prison orange and let them enjoy the wonderful accommodations that current prison systems provide.

[cedivad]

http://hashfast.org/14-30725.112.mp3

When will we mere mortals have access to those documents provided to the committee at 5pm the day before the hearing?

[Entropy-uc]

http://hashfast.org/14-30725.112.mp3

When will we mere mortals have access to those documents provided to the committee at 5pm the day before the hearing?

You won't I'm afraid.  They were shared under confidentiality agreements.

[cedivad]

So the only thing left for us to do is to wait and hope for the committee to pull some magic tricks out of the hat. Did LB join the committee as an observer as it was proposed during one of the latest hearings?

[Gleb Gamow]

http://decentralizedhashing.com/2013/09/hashfast-tapeout-sierra-mpp-new-next-gen-chip/

Unfortunately it was too early in the game, and they weren’t ready to sign on.  “It was disappointing and frustrating. He really believed at the time (rightfully so) that we had a great idea. Today  – many of those investors regret not funding him the first time,” says John Skrodenis.  Well apparently they did come around, investing enough to design and tapeout the Golden Nonce (GN) chip with the largest, most experienced team that bitcoin mining has seen [to be fucked by].

[ninjarobot]

Received a new letter from the U.S. Bankruptcy Court today:

ORDER FOR RELIEF
An order for relief under chapter 11 of the United States Bankruptcy Code is hereby entered in the case of In re HashFast Technologies LLC, Case No. 14-30725, effective as of June 4, 2014.
*END OF ORDER*

[cedivad]

1 month later? Meh...

[starsoccer9]

1 month later? Meh...

yes if you follow this thread its 1 month late. Here you get the news instantly

[cedivad]

yes if you follow this thread its 1 month late. Here you get the news instantly

The only news we are getting in real time is what it's published on pacer. So basically nothing. I don't like this silence, but hey, we should be used to it by now.

[pmorici]

yes if you follow this thread its 1 month late. Here you get the news instantly

The only news we are getting in real time is what it's published on pacer. So basically nothing. I don't like this silence, but hey, we should be used to it by now.

    There is another hearing scheduled for tomorrow, Monday July 7th, and then the so called, "creditor's meeting" is scheduled for July 8th.  The creditor's meeting is where representatives of the company will be questioned under oath.

[cedivad]

The creditor's meeting is where representatives of the company will be questioned under oath.

I'm sure that you have a really good list of questions ready. I just hope it not to yet be another farse like the last one. Will we have a copy of their answers?

[Jutarul]

The creditor's meeting is where representatives of the company will be questioned under oath.

I'm sure that you have a really good list of questions ready. I just hope it not to yet be another farse like the last one. Will we have a copy of their answers?

I recommend to crowd source a list of questions here, for the committee to draw from.

pm to pmorici

On a related topic, HashFast may just be another attempt at a Silicon Valley parody, selling mining gear contracts and making a switcheroo to hands-on teaching lessons in financial crime.
http://gigaom.com/2014/07/04/its-getting-harder-to-tell-whats-a-real-silicon-valley-startup-and-whats-a-parody/

[starsoccer9]

Tho probably useless at this point, Id ask the following,

Is it true you hired a 3rd party to create the pcb?
Is it true that they were unreliable and caused a majority of the delays?
Did hashfast originally intend to give full bitcoin refunds?
Was the mpp offered with the knowledge that you could not deliver the MPP in a reasonable timeframe?

[Jutarul]

Tho probably useless at this point, Id ask the following,

redacted

On second thought I recommend to send pmorici the questions as private messages...

[stan258]

I wonder how much of the inventory of chips is not paid for. Uniquify is on the comity so my guess is alot.

[pmorici]

The creditor's meeting is where representatives of the company will be questioned under oath.

I'm sure that you have a really good list of questions ready. I just hope it not to yet be another farse like the last one. Will we have a copy of their answers?

I recommend to crowd source a list of questions here, for the committee to draw from.

pm to pmorici

    Certainly if anyone does have information/questions that they think would be helpful you can send it to me and I will pass it on to the lawyer representing the creditors.

    As creditors we have a very capable lawyer/firm representing all of us collectively now who is going to have a good chunk of time to question whomever shows up.