► ► ►HashFast Endorsement

[cypherdoc]

Well, of course you wouldn't work with Crumbs.  Did you assume the account i buy will also be called "Crumbs"?  Is there anything to suggest that i do not own several other accounts, each perfectly crafted for its purpose?  How naive are you?

sure, but i can tell by the way you talk that you aren't capable of creating anything within Bitcoin that i'd be interested in participating with no matter what name you go by real or not.

But you have just compared HashFast to other companies, you can't compare & contrast without naming names.

sure i can.  i'm doing it right now.

Say what?  What does packaging have to do with bitcoin?  Are you talking about the chips or marketing?  They seem to be fine on the marketing front already, a partnership with a tiny miner called IceDrill.  Sure, IceDrill is as real as HashFast, but if it *DOES* by chance become a reality, we can start investing in graveyard plots for small miners.  Fortunes to be made.

strategic decisions on many things like sell rigs alone, chips alone, both, how many, when, to whom, for how much, wifi, ethernet, or usb.  yes, fortunes to be made

In that case accepting a paid position is simply foolish, as is investing in miners.  You should have simply donated the money to HashFast & volunteered your time.  As it stands, denying you're a paid shill is impossible.   You are heavily biased both by your investment in the miners & are *obligated as a spokesperson* to promote HashFast.  If HashFast is, OTOH, paying you to speak your mind and ask potentially damaging questions, i have to question their sanity & will not invest in a company that spends money so foolishly.

yawn.

I wouldn't *dream* of taking this job from you -- i see you as an *ideal* representative of HashFast.  You do to HashFast in a single post what i couldn't do in a million years

lol!

[Ytterbium]

if what you're wondering is this a scam as a result of the above?  i can guarantee it isn't as i've been working with these guys day in and day out as well as having paid them a visit.

if what you're saying is this is so amateurish in it's presentation that this raises the question whether or not they can complete a complex asic assemby project? then that's fair.

The problem is that the line between "scam" and "bad deal" is blurry. BFL clearly had an ASIC design and clearly intended to ship them when they started. Yet, at this point most people are calling them a scam.

It's all about ROI. If enough people pre-order from them then they guarantee themselves a profit on their chip design and production, as long as they can ship before December 31.

But the problem is that with the rate that difficulty is increasing the difference between shipping in late October and shipping in late December is basically the difference between maybe making ROI and never coming close - unless all the other chipmakers also fail.

HashFast is saying they'll ship units just a handful of days after they get their chips in October.  On the other hand, KnC is now saying that their units for November delivery will be less then $5k. And at that point it will have been over 60 days since their first chip deliveries, they'll have had plenty of time to make any changes and adjustments if they need to at that point - even if their first orders are delayed.

Anyway, the problem I see is that you can look at BFL and Avalon and think how easy it is to make millions of dollars off people who don't know WTF is going on with difficulty and all the other potential competitors out there, and you can take pre-order money from people who aren't good investors.

I mean, you yourself said you thought difficulty would look like a stock chart, and go back down, which is bonkers - and could only happen if the price of bitcoin crashes to the point where most miners just turn off and junk their machines.

I especially think it's disingenuous to claim that people will get paid back if their "late" and then only bury the fact that "late" means by dec 31 in the comments after someone notices inconsistencies in the small type on their website.

if what you're saying is this is so amateurish in it's presentation that this raises the question whether or not they can complete a complex asic assemby project? then that's fair.

Well, one problem with amateurishness so far is that it implies they may also be 'amateurish' when i comes to getting their outsourced manufacturer to churn out units as fast as they say they will. We know the company that's designing their chip.  We don't know who their outsource MFG/logistics company is but that's just as important.

[crumbs]

Well, of course you wouldn't work with Crumbs.  Did you assume the account i buy will also be called "Crumbs"?  Is there anything to suggest that i do not own several other accounts, each perfectly crafted for its purpose?  How naive are you?

sure, but i can tell by the way you talk that you aren't capable of creating anything within Bitcoin that i'd be interested in participating with no matter what name you go by real or not.

Now the naivete is simply painful.  Only a dolt would carry over attitudes, mannerisms, idiosyncrasies & writing style.  Would i use a double dash for an em dash?  Would you keep dropping the leading caps?   If you admit that you're a child, i promise to pull more punches.  I'm not cruel.

But you have just compared HashFast to other companies, you can't compare & contrast without naming names.

sure i can.  i'm doing it right now.

I'll refresh your memory:
"those asic companies that don't understand what Bitcoin is, what it represents, and how it fits into not only the Bitcoin community but also the global financial system are doomed to fail, imo."
Which companies are those, in bold red font?

Say what?  What does packaging have to do with bitcoin?  Are you talking about the chips or marketing?  They seem to be fine on the marketing front already, a partnership with a tiny miner called IceDrill.  Sure, IceDrill is as real as HashFast, but if it *DOES* by chance become a reality, we can start investing in graveyard plots for small miners.  Fortunes to be made.

strategic decisions on many things like sell rigs alone, chips alone, both, how many, when, to whom, for how much, wifi, ethernet, or usb.  yes, fortunes to be made

My point is they're already in bed with a megaminer, was that done on your advice?  If so, thanks a bunch.  Will HashFast be sending out "Sorry For Your Loss, Lol" cards with their BabyJets to nouveau jetsetters?

[cypherdoc]

if what you're wondering is this a scam as a result of the above?  i can guarantee it isn't as i've been working with these guys day in and day out as well as having paid them a visit.

if what you're saying is this is so amateurish in it's presentation that this raises the question whether or not they can complete a complex asic assemby project? then that's fair.

The problem is that the line between "scam" and "bad deal" is blurry. BFL clearly had an ASIC design and clearly intended to ship them when they started. Yet, at this point most people are calling them a scam.

It's all about ROI. If enough people pre-order from them then they guarantee themselves a profit on their chip design and production, as long as they can ship before December 31.

But the problem is that with the rate that difficulty is increasing the difference between shipping in late October and shipping in late December is basically the difference between maybe making ROI and never coming close - unless all the other chipmakers also fail.

this is where their Miner Protection Program will kick in.  from what i know, it will basically guarantee you a ROI.  you will need to ask the principals about the details.

HashFast is saying they'll ship units just a handful of days after they get their chips in October.  On the other hand, KnC is now saying that their units for November delivery will be less then $5k. And at that point it will have been over 60 days since their first chip deliveries, they'll have had plenty of time to make any changes and adjustments if they need to at that point - even if their first orders are delayed.

ppl can say all they want and so can i.  from what i've seen the HashFast chip is way more advanced and efficient than any competitor.  that is going to more than compensate for any pricing shenanigans that other companies might throw out there.

Anyway, the problem I see is that you can look at BFL and Avalon and think how easy it is to make millions of dollars off people who don't know WTF is going on with difficulty and all the other potential competitors out there, and you can take pre-order money from people who aren't good investors.

I mean, you yourself said you thought difficulty would look like a stock chart, and go back down, which is bonkers - and could only happen if the price of bitcoin crashes to the point where most miners just turn off and junk their machines.

we've seen crazier things in Bitcoin before, eh?

I especially think it's disingenuous to claim that people will get paid back if their "late" and then only bury the fact that "late" means by dec 31 in the comments after someone notices inconsistencies in the small type on their website.

yeah, yet another thing i'll have to point out to them

if what you're saying is this is so amateurish in it's presentation that this raises the question whether or not they can complete a complex asic assemby project? then that's fair.

Well, one problem with amateurishness so far is that it implies they may also be 'amateurish' when i comes to getting their outsourced manufacturer to churn out units as fast as they say they will. We know the company that's designing their chip.  We don't know who their outsource MFG/logistics company is but that's just as important.

yes, i agree.  this is where the faith and risk analysis part comes in.

[crumbs]

HashFast website: redirect loop https://www . hashfast . com/www . hashfast . com (spaces added by moi)

[cypherdoc]

I'll refresh your memory:
"those asic companies that don't understand what Bitcoin is, what it represents, and how it fits into not only the Bitcoin community but also the global financial system are doomed to fail, imo."
Which companies are those, in bold red font?

waaaah.  Mommy says you can't make me. 

and i'll ask you again; why are you here bashing every asic company around?  if you're so convinced they're all a scam, why are you wasting your valuable time trolling?  don't you have better things to do?

[Ytterbium]

ppl can say all they want and so can i.  from what i've seen the HashFast chip is way more advanced and efficient than any competitor.  that is going to more than compensate for any pricing shenanigans that other companies might throw out there.

No, it won't. Seriously, can you do math at all? All that matters right now is the price, $5600, and the speed 400Gh/s. KnC's estimated power draw is 3x HashFast's, but if they ship a month or two earlier then you'll make more money with the KnC. And if HashFast is delayed at all then all the efficiency in the world won't make you any more money.

Anyway, the problem I see is that you can look at BFL and Avalon and think how easy it is to make millions of dollars off people who don't know WTF is going on with difficulty and all the other potential competitors out there, and you can take pre-order money from people who aren't good investors.

I mean, you yourself said you thought difficulty would look like a stock chart, and go back down, which is bonkers - and could only happen if the price of bitcoin crashes to the point where most miners just turn off and junk their machines.

we've seen crazier things in Bitcoin before, eh?

Uh, no.  We've seen the price crash, but even as the price went from $37 to $2 the difficulty only dipped a tiny amount. Most people kept their miners running.   And the point is: you're screwed either way.  Either difficulty continues to spike and you make no money, or the price of bitcoin crashes, and you make no money.

Well, one problem with amateurishness so far is that it implies they may also be 'amateurish' when i comes to getting their outsourced manufacturer to churn out units as fast as they say they will. We know the company that's designing their chip.  We don't know who their outsource MFG/logistics company is but that's just as important.

yes, i agree.  this is where the faith and risk analysis part comes in.

"Faith" is not a good thing for an investor to have. And there is basically no way to "analyze" the risk.

As far as this "miner protection plan" there's nothing to indicate that anyone who buys a unit now or invests in IceDrill will be covered by it.

[crumbs]

I'll refresh your memory:
"those asic companies that don't understand what Bitcoin is, what it represents, and how it fits into not only the Bitcoin community but also the global financial system are doomed to fail, imo."
Which companies are those, in bold red font?

waaaah.  Mommy says you can't make me. 

and i'll ask you again; why are you here bashing every asic company around?  if you're so convinced they're all a scam, why are you wasting your valuable time trolling?  don't you have better things to do?

A prophet is not without honour, but in his own country, and among his own kin, and in his own house, Cypherdoc.  

[cypherdoc]

As far as this "miner protection plan" there's nothing to indicate that anyone who buys a unit now or invests in IceDrill will be covered by it.

it will cover all who have already purchased.  as for IceDrill, i don't know.

[cypherdoc]

I'll refresh your memory:
"those asic companies that don't understand what Bitcoin is, what it represents, and how it fits into not only the Bitcoin community but also the global financial system are doomed to fail, imo."
Which companies are those, in bold red font?

waaaah.  Mommy says you can't make me. 

and i'll ask you again; why are you here bashing every asic company around?  if you're so convinced they're all a scam, why are you wasting your valuable time trolling?  don't you have better things to do?

A prophet is not without honour, but in his own country, and among his own kin, and in his own house, Cypherdoc.  

thx for continually pushing this thread to the top.  i'm getting paid by page views, didn't you know? 

[dopamine]

Well im in just bought a pre order waiting to make btc payment

[crumbs]

I'll refresh your memory:
"those asic companies that don't understand what Bitcoin is, what it represents, and how it fits into not only the Bitcoin community but also the global financial system are doomed to fail, imo."
Which companies are those, in bold red font?

waaaah.  Mommy says you can't make me. 

and i'll ask you again; why are you here bashing every asic company around?  if you're so convinced they're all a scam, why are you wasting your valuable time trolling?  don't you have better things to do?

A prophet is not without honour, but in his own country, and among his own kin, and in his own house, Cypherdoc.  

thx for continually pushing this thread to the top.  i'm getting paid by page views, didn't you know? 

Always a pleasure to help out an unrepentant shill

[klee]

Cypher I can understand your excitement and I have bought a good amount of IceDrill shares, but you have to admit that if KnC delivers first one month before HF then "Houston..."!

[crumbs]

Cypherdoc, any comment on this?  Are we to believe...


inspired by:

[dropt]

Cypherdoc, any comment on this?  Are we to believe...
https://hashfast.com/wp-content/uploads/2013/08/chipset01.png

inspired by:http://pcper.com/images/reviews/276/Intel%20Core%202%20Duo%20T7400%20-%20CPU.jpg

What kind of retarded post is this anyways?  Guess there's a reason your ignore button is already piss yellow after a mere two months.

[crumbs]

Cypherdoc, any comment on this?  Are we to believe...
https://hashfast.com/wp-content/uploads/2013/08/chipset01.png

inspired by:http://pcper.com/images/reviews/276/Intel%20Core%202%20Duo%20T7400%20-%20CPU.jpg

What kind of retarded post is this anyways?  Guess there's a reason your ignore button is already piss yellow after a mere two months.

Thank you for contributing

[Ytterbium]

Cypherdoc, any comment on this?  Are we to believe...
https://hashfast.com/wp-content/uploads/2013/08/chipset01.png

inspired by:http://pcper.com/images/reviews/276/Intel%20Core%202%20Duo%20T7400%20-%20CPU.jpg

What kind of retarded post is this anyways?  Guess there's a reason your ignore button is already piss yellow after a mere two months.

So much for the conspiracy theory that Crumbs worked for Cointerra (yeah someone came up with that since he wasn't trolling them as hard - although they seem more professional then HashFast)

I think he was trying to imply that the HashFast GN image was just a picture of an Intel CPU or something. Obviously every high-end BGA chip looks like that, here's a 7990 without a heatsink: http://images.bit-tech.net/content_images/2013/04/amd-radeon-hd-7990-6gb-review/7990-8b.jpg.  Same thing except an extra metal plate (I guess to help with cooling).

Nice for crumbs to prove his IC ignorance so obviously in one post.

Not that HashFast isn't a joke, though.

[crumbs]

Cypherdoc, any comment on this?  Are we to believe...
https://hashfast.com/wp-content/uploads/2013/08/chipset01.png

inspired by:http://pcper.com/images/reviews/276/Intel%20Core%202%20Duo%20T7400%20-%20CPU.jpg

What kind of retarded post is this anyways?  Guess there's a reason your ignore button is already piss yellow after a mere two months.

So much for the conspiracy theory that Crumbs worked for Cointerra (yeah someone came up with that since he wasn't trolling them as hard - although they seem more professional then HashFast)

I think he was trying to imply that the HashFast GN image was just a picture of an Intel CPU or something. Obviously every high-end BGA chip looks like that, here's a 7990 without a heatsink: http://images.bit-tech.net/content_images/2013/04/amd-radeon-hd-7990-6gb-review/7990-8b.jpg.  Same thing except an extra metal plate (I guess to help with cooling).

Nice for crumbs to prove his IC ignorance so obviously in one post.

Not that HashFast isn't a joke, though.

It's not a photo, you goof -- it's a rendering.  Ignore the photoshop exif trash.  Please tell me you're not blind, too
Edit:  The matte marble texture is a neat touch.

[DiamondCardz]

If you're telling the truth, it'll be great. If not...

[cypherdoc]

Not that HashFast isn't a joke, though.

hey Ytter.  i see you're very interested in the Reseller Program. according to Crumbs you going to double down on your KNC investment?