HashFast announces specs for new ASIC: 400GH/s

[jimmothy]

In the real world, companies fail and go through bankruptcy all the time.  Not every company is BFL.

Normally those companies don't have millions of dollars worth of orders lined up with 90% profit margins before declaring bankruptcy.

Hashfast was very successful, they just "mismanaged" their money is all.

BFL who had similar delays was also very successful but they didn't lose their $45m profit.

I'm berating the windfall-seekers and conspiracy theorists.  They deserve it.  Losing money by gambling on Bitcoin ASICs is not a valid excuse for A) ignoring contract law to justify greed or B) making up zany defamatory nonsense about drug-dealing self-mining arsonist bookies.

Isn't changing the contract several times ignoring contract law?

If Hashfast would have just followed FTC guidelines (like the ones BFL is currently being sued for breaking) then preordering wouldn't have had to be a gamble.

The only windfall seekers are Hashfast by promising that they can give a windfall(full btc refunds) and acquiring customers because of it.

If they did manage to tunnel the money out of Hashfast then that would be a massive windfall.

HF made the worlds fastest ASIC and almost recovered from their early mistakes.  Throwing a tantrum and screaming 'it was a scam all along' is reprehensible and I am not afraid to condemn such behavior.  What happens if you go to a casino and only start shouting "OMG IT'S A SCAM" *after* you lose at the craps table?  Will anyone feel sorry for you?  Or will the security guards help you find an exit?

How did they almost recover from their mistakes? They have had a working ASIC since January. Their one mistake was that their massive stacks of money magically disappeared.

Honestly what happened to the money?

[1714104544]

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[RoadStress]

How did they almost recover from their mistakes? They have had a working ASIC since January. Their one mistake was that their massive stacks of money magically disappeared.

Honestly what happened to the money?

Why isn't that argument in court? They promised delivery by Oct/Nov/Dec, but they failed and had working units in January? How is not that a fail/scam?

[Ilan123]

Probably something to do with all the pay increases when they claimed to be short on cash flow!

[BitCoin Operated Boy]

Any news on hashfast, or any timeframes to when they can start providing refunds? i thought they started selling alot of items?

No refunds and non will be.
They sell their new products but we'll get jack shit.

They will, probably, soon start posting new photos of themselves grinning while holding their alleged new products.

[Legend21]

17 october is the next update? when we got our money back fuk, i already ask my money january back because i knew this would happend. now is all fuckup

[bayo]

17 october is the next update? when we got our money back fuk, i already ask my money january back because i knew this would happend. now is all fuckup

+1

[HardwareReviewer]

If I understand correctly:

Proof of claims should only be filed against Hashfast Technologies LLC (case 14-30725) and not the other HashFast company?

[cedivad]

Proof of claims should only be filed against Hashfast Technologies LLC (case 14-30725) and not the other HashFast company?

Yes, but the deadline passed. The two cases were "substantively consolidated". If you don't disagree with them with your credit there wasn't any need to file anything.

[HardwareReviewer]

Proof of claims should only be filed against Hashfast Technologies LLC (case 14-30725) and not the other HashFast company?

Yes, but the deadline passed. The two cases were "substantively consolidated". If you don't disagree with them with your credit there wasn't any need to file anything.

OK tnx. Still funny that I got the "substantively consolidated" notice (by mail) after the deadline for filing PoC had passed.

[cedivad]

Someone is copying from HF's book.

[HardwareReviewer]

Sometimes something is funny when it's also true.

Josh's remark is neither.

[Gyrsur]

Proof of claims should only be filed against Hashfast Technologies LLC (case 14-30725) and not the other HashFast company?

Yes, but the deadline passed. The two cases were "substantively consolidated". If you don't disagree with them with your credit there wasn't any need to file anything.

ok, thanks!

are the two cases really consolidated? because if I fill in the case 14-30866 (HashFast LLC) I'm not listed as a creditor and when I fill in the case 14-30725 (HashFast Technologies LLC) I'm listed as a creditor:

https://ecf.canb.uscourts.gov/cgi-bin/autoFilingClaims.pl

EDIT: got also this "substantively consolidated" note via US mail.

[dopamine]

anyone know if there will be criminal charges laid? and what happen to the bitcoins they hold? and what will the IP be worth to pay off their creditors?

[cedivad]

anyone know if there will be criminal charges laid? and what happen to the bitcoins they hold? and what will the IP be worth to pay off their creditors?

Which IP? How much do you think it to be worth? They claim to have like 5 BTC.

[dhenson]

anyone know if there will be criminal charges laid? and what happen to the bitcoins they hold? and what will the IP be worth to pay off their creditors?

Which IP? How much do you think it to be worth? They claim to have like 5 BTC.

What about that 3000 btc address that was outed?

https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

[iCEBREAKER]

anyone know if there will be criminal charges laid? and what happen to the bitcoins they hold? and what will the IP be worth to pay off their creditors?

Which IP? How much do you think it to be worth? They claim to have like 5 BTC.

What about that 3000 btc address that was outed?

https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

That's probably a Bitpay address; if it belonged to HF it would be listed on the inventory.

I don't think Phinn's and your debunked conspiracy theories about secret mines and secret wallets panned out any more than cedivad's months of bragging about how his lawyer was going to easily put people in jail.   

Instead of blathering paranoid defamatory nonsense, let's now discuss the latest court filings:

HF has filed suit against Uniquify to get their (IE our) wafers back, while Uniquify wants to hold them hostage.  The law seems to be on HF's side, so we will probably get the wafers back and may even see some damages awarded for the loss in value/extortion.

[Minor Miner]

anyone know if there will be criminal charges laid? and what happen to the bitcoins they hold? and what will the IP be worth to pay off their creditors?

Which IP? How much do you think it to be worth? They claim to have like 5 BTC.

What about that 3000 btc address that was outed?
https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

That's probably a Bitpay address; if it belonged to HF it would be listed on the inventory.
I don't think Phinn's and your debunked conspiracy theories about secret mines and secret wallets panned out any more than cedivad's months of bragging about how his lawyer was going to easily put people in jail.   
Instead of blathering paranoid defamatory nonsense, let's now discuss the latest court filings:
HF has filed suit against Uniquify to get their (IE our) wafers back, while Uniquify wants to hold them hostage.  The law seems to be on HF's side, so we will probably get the wafers back and may even see some damages awarded for the loss in value/extortion.

Uniquify would be in the wrong here.   I am sure they will release them.   They seem to be trying to bypass the creditor process and get money that they are not entitled to.

[cedivad]

I don't think Phinn's and your debunked conspiracy theories about secret mines and secret wallets panned out any more than cedivad's months of bragging about how his lawyer was going to easily put people in jail.  

You have yet to see me start trying, and I wouldn't brag about it if I were in you, since that you are high on my list.

As always, the rest of your nonsense when not deliberately misleading post doesn't deserve an answer.

[starsoccer9]

so... who wants to do a sum of of where we are with hashfast and the eta on getting our 10cents backs.

[iCEBREAKER]

I don't think Phinn's and your debunked conspiracy theories about secret mines and secret wallets panned out any more than cedivad's months of bragging about how his lawyer was going to easily put people in jail.  

You have yet to see me start trying, and I wouldn't brag about it if I were in you, since that you are high on my list.

As always, the rest of your nonsense when not deliberately misleading post doesn't deserve an answer.

I'm "high on [your] list?"  With what exactly are you threatening me?   

You were the one "bragging" for months about your unstoppable lawyer's righteous wrath.  But when HashFast got its day in court, you folded like a cheap lawn chair!   

He is sort of not my lawyer anymore

Misguided and counterproductive as their actions were, at least MM & Professor Pete had the guts to follow through with their vain attempts to bleed a turnip, unlike your empty bluster and hollow accusations.

Where is the proof of HF's "private private datacenter?"  Why isn't your almighty lawyer telling the judge about your silly conspiracy theories?

Put up or shut up!