HashFast announces specs for new ASIC: 400GH/s

[RoadStress]

<lots of bullshit>

Why are you avoiding my question?

RS, what part of

The offer for refunds was made at the end of a long period of ~$100 price stability.  The spike to $1000+ was unexpected and unfortunately timed for those of us who had just used BTC to purchase ASIC pre-orders. 

did you not understand?

Please state the actual number of months of "stability". Was it more than 5 months?

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[SolarSilver]

That's merely a post on an internet forum, not binding "actual wording" from the relevant TOS. 

So you are stating indirectly that your word, posted here, means nothing. All those messages back in the beginning of presales where you were praising HashFast as this incredible deal was just bullshit and you can't be held accountable for it, those poor suckers who bought into HF should just have known better. Well, at least you got paid and that clears your conscience.

I think you'll find out you suckering many of us into buying into HF will keep haunting you for a long time. Karma is a bitch.

[Syke]

The answer is if you buy Baby Jet for 51 BitCoins today and it does not ship, you will be refunded the 51 BitCoins you paid.

There is no way you can construe that to mean USD-equivalent. None. That is 100% clear. Full BTC refund.

That's merely a post on an internet forum, not binding "actual wording" from the relevant TOS.

Again you're wrong. It was an official email from an official HashFast representative to a customer. Full BTC refunds were promised by official HF representatives. You continue to lie that they weren't.

[Micky25]

That's merely a post on an internet forum, not binding "actual wording" from the relevant TOS. 

oh just STFU. Why are you still around anyways? Sheer malice?

[Flying Hellfish]

Why are you guys losing time with a blind idiot?

Seriously bro why would you insult blind idiots by lumping that sack of shit in with them...  not cool bro 

I thought BCP was king fucking douche bag around here but sheeeeet old icetard takes the fucking cake!

Always bet on ICE (to lose!!!)

DYODD lmfao you mean like the bloke that wanted clarity on the refund process so he sent an email to the company.  That motherfucker was doing his own due diligence you fucktard....  He wanted clarification, asked the company for it and got it, now it's his fault the company LIED to him while he was preforming his due diligence.  You might want to look up the word fraud moron.

Do you have any fucking clue how pathetic you look icetard

To which the company replied :

The answer is if you buy Baby Jet for 51 BitCoins today and it does not ship, you will be refunded the 51 BitCoins you paid.

Funny that it's not Hash Fails fault they promised something sooooooooooo stupid but the victims fault for believing what the company told them during their due diligence phase...

[jungle_dave]

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?
looking forward to the answer.

[cedivad]

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?

Like suppliers? I think so?

The hearing couldn't have gone better:

Hearing Held. Motion denied for the reasons stated on the record; Mr. Siddiqui to upload an order. A status conference will be held on 10/24/14 at 11:00 a.m. A Status Conference Statement, preferably filed as a joint statment with counsel for the Unsecured Creditors' Committee, due by 10/17/14. (related document(s): 168Motion to Appoint Trustee filed by Office of the U.S. Trustee / SF) (lp ) (Entered: 09/10/2014)

Hearing Held. Motion granted; counsel for the Official Committee of Unsecured Creditors to upload an order. (related document(s): 148Motion to Consolidate filed by Official Committee Of Unsecured Creditors) (lp ) (Entered: 09/10/2014)

[kikaha]

What was the motion that was denied?  Similarly, what was the motion that was granted.

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?

Like suppliers? I think so?

The hearing couldn't have gone better:

Hearing Held. Motion denied for the reasons stated on the record; Mr. Siddiqui to upload an order. A status conference will be held on 10/24/14 at 11:00 a.m. A Status Conference Statement, preferably filed as a joint statment with counsel for the Unsecured Creditors' Committee, due by 10/17/14. (related document(s): 168Motion to Appoint Trustee filed by Office of the U.S. Trustee / SF) (lp ) (Entered: 09/10/2014)

Hearing Held. Motion granted; counsel for the Official Committee of Unsecured Creditors to upload an order. (related document(s): 148Motion to Consolidate filed by Official Committee Of Unsecured Creditors) (lp ) (Entered: 09/10/2014)

[kikaha]

I remember back in January, folks reported that they got refund checks.  Many didn't cash them, since the thinking was that this might release HF of greater obligations like a full BTC refund or MPP.  I am sure that some probably did cash them.

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?
looking forward to the answer.

[aasl]

I remember back in January, folks reported that they got refund checks.  Many didn't cash them, since the thinking was that this might release HF of greater obligations like a full BTC refund or MPP.  I am sure that some probably did cash them.

I lost money on this deal as did most of us, my question is did hashfast ever pay anyone anything?
looking forward to the answer.

no matter in cash or in BTC, I wish I could have received anything to compensate my loss...

[cedivad]

http://hashfast.org/14-30725.198.mp3

[Bicknellski]

Bankruptcy is one course of action, recapitalization is another.  The latter is preferable, unless you want to ensure the lawyers get everything.

Recapitalization would require people to trust HF. Nobody trusts them, thus creditors take matters into their own hands.

HF was in negotiation for recap funds with several sources.  It's in the court docs, which you could listen to if you'd like to get a clue.
Not many people in the adult world subscribe to such a childish Bad Guy Scammer caricature of HF.
You apparently believe that
1) HF owes you a fivefold windfall, even if that's not a legal cause for action nor within their financial capacity
and
2) we have a decent chance of recovering some of our windfalls/MPP/backorders after spending HF's few remaining resources on lawyers

Bro, if you believe those two things while sober, we've got to get together and party sometime.  I can't wait to hear what other crazy crap you'll say after a few shots!   

To be fair, iCEBREAKER, if you want to post here you should let everyone know that your name is ralph and you used to work for Hashfast.    You got laid off as you were not adding any value to the estate and were taking its resources at a time it was severely undercapitalized taking money that could have been returned to creditors.    In fact, if everything was sold off and EVERYONE was fired when you were, the creditors likely would have recovered all their money.   The math is not that complicated. 

Just be fair to the others would do not know your full history. 

And the "offers" that hashfast was "so diligently" working on were with companies that never paid for the products they agreed to by when it came time to settle.    Yes, the deals are in the docs.   So is the failure to pay.    Read them all.   Not just the first act and the cole's notes.

+1

Bing bing bing bing....

And this would be the correct version of events. Thanks for playing what is the truth. You win.

[dopamine]

im amazed that the motion got denied?  ya there was no mismanagement? but everyone got raises when they failed their obligation to their customers... and hashfast LLC that holds the IP to avoid force liquidation or to hide money from there creditors... WTF is going with these layers?

[cedivad]

im amazed that the motion got denied?  ya there was no mismanagement? but everyone got raises when they failed their obligation to their customers... and hashfast LLC that holds the IP to avoid force liquidation or to hide money from there creditors... WTF is going with these layers?

The trustee motion was denied because the committee already put a CRO in charge at the company. He should have almost complete powers, a trustee would have been more expensive and probably less familiar with the hf/bitcoin mess.
The other motion got instead approved, and that was the one allowing a "substantive consolidation" between HF California and HF Delaware (so that creditors can now sell their vague next gen ip, for whatever is worth).

[kikaha]

Are their any details on the next gen IP?  I would think it would have to be 16nm or 14nm and be in the sub 0.10 J/GH to stay competitive.  The real question is how much additional work/money is needed to make this a working chip.

im amazed that the motion got denied?  ya there was no mismanagement? but everyone got raises when they failed their obligation to their customers... and hashfast LLC that holds the IP to avoid force liquidation or to hide money from there creditors... WTF is going with these layers?

The trustee motion was denied because the committee already put a CRO in charge at the company. He should have almost complete powers, a trustee would have been more expensive and probably less familiar with the hf/bitcoin mess.
The other motion got instead approved, and that was the one allowing a "substantive consolidation" between HF California and HF Delaware (so that creditors can now sell their vague next gen ip, for whatever is worth).

[cedivad]

Are their any details on the next gen IP?  I would think it would have to be 16nm or 14nm and be in the sub 0.10 J/GH to stay competitive.  The real question is how much additional work/money is needed to make this a working chip.

If I remember correctly HF paid more than one million in development costs* so far for the next gen ip (from the schedules/343 examinations) (that should be 16nm since that tsmc does 16nm) and they needed around another million to get it to the tapeout stage.
The actual tapeout should cost around 4x the 28nm one, not something easily affordable, especially since that no sane individual will invest in this market at those conditions.

*money that would (should) have otherwise resulted in more system shipped. Like 1.5M/$300 = 5000 boards. Because using money you don't have in shit you won't need is cool.

Btw, I would like to know more about Ralph's involvement with HF. Did I really pay that idiot to troll me?

[pmorici]

Btw, I would like to know more about Ralph's involvement with HF. Did I really pay that idiot to troll me?

Yup, you sure did.

[pmorici]

Are their any details on the next gen IP?  I would think it would have to be 16nm or 14nm and be in the sub 0.10 J/GH to stay competitive.  The real question is how much additional work/money is needed to make this a working chip.

You can contact the Hashfast CRO if you are interested, they would have the details you are looking for.  There are supposedly 3 generations of IP, 1, 1.5, and 2.

[RoadStress]

Are their any details on the next gen IP?  I would think it would have to be 16nm or 14nm and be in the sub 0.10 J/GH to stay competitive.  The real question is how much additional work/money is needed to make this a working chip.

If I remember correctly HF paid more than one million in development costs* so far for the next gen ip (from the schedules/343 examinations) (that should be 16nm since that tsmc does 16nm) and they needed around another million to get it to the tapeout stage.
The actual tapeout should cost around 4x the 28nm one, not something easily affordable, especially since that no sane individual will invest in this market at those conditions.

*money that would (should) have otherwise resulted in more system shipped. Like 1.5M/$300 = 5000 boards. Because using money you don't have in shit you won't need is cool.

Btw, I would like to know more about Ralph's involvement with HF. Did I really pay that idiot to troll me?

Have you included the PCB design too?

[cedivad]

Have you included the PCB design too?

That's only the imaginary chips IP cost. PCB design costs are way, way lower. If you released the chip specs under public domain on tapeout's day you would probably get a few independent community designs + the ones you paid for ready for when you have the chips in hand.