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Author Topic: [OPEN] Hash Fast pre-order units mining shares 4Th/s 3936/4000 shares available  (Read 5208 times)
CanaryInTheMine (OP)
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August 09, 2013, 01:34:19 AM
Last edit: August 09, 2013, 09:50:44 AM by CanaryInTheMine
 #1

Original thread here: https://bitcointalk.org/index.php?topic=262052.0

The product: https://www.hashfast.com/HFshop/babyjet/ and from the product page:

This is a special sale of the first engineering run. This sale will continue until we are sold out of a total of 550 units. Shipments begin October 20-30, in order of purchase.

Introducing the Baby Jet

This mining unit contains one HashFast Golden Nonce (GN) 28nm ASIC chip that performs 400 Ghash/s at nominal clock speed and consumes significantly significantly less than 1.0 W/GH.  It can be underclocked for greater efficiency and overclocked for greater performance. The chip has on-die thermal controls to allow operation at its absolute maximum performance.  This equipment is solely intended for use in commercial environments.

Product Description

System Specifications
•Contains 1 HashFast Golden Nonce (GN) Chip
•Under 350 watt power draw*
•Efficient liquid cooling

Chip Specifications
•28nm custom ASIC
•Hashing Output: 400 Gigahash/s at nominal clock speed
•Power Consumption: significantly less than 1.0 W/GH at nominal clock speed
•Designed to be underclocked for greater efficiency – better than 0.5 W/GH*
•Designed to be overclocked for greater performance  - better than 500GH/s**

Logistics
•Batch one volume: 250 Thash/s
•Shipments begin:  October 20-30, in order of purchase
•Payment to be made in BTC with the help of BitPay
•Order sequence to be posted publicly
•Weekly production updates will be sent to the email address attached to each order

* Real silicon power consumption may vary from simulation results by plus or minus 20%
** May require improved power supplies in the chassis
---------------------------------------------------------

I'm selling shares in hashing power of 10 units.  Totaling 4000 GH/s. the price is .15 btc per share.  Each share represents 1Gh/s.  A total of 4000 shares are available.

Hosted in a climate controlled environment.  payout daily.  The farm will payout 99% of profits after electricity/rent costs (nominal).  1% is kept on an operating account of the farm to pay for incidentals (for ex: Ethernet/USB cable replacement, power cord . and time to administer payouts etc...)
Changes to operations can be done by voting.  Each share owned represents 1 vote.
This will run until it is no longer profitable.  equipment will not be kept by anyone, but will be auctioned off and the final proceeds will be split up.  if there are funds in 1% account, they will be split up.

Payment:
Please indicate the number of shares you wish to purchase and send payment to 1JdQUVY5SpkjMLKgEnQtA8bJyKyXMpE1RH
please post in the following format:

NIC; # of shares; btc sent; transaction id; first sending address of the transaction id; payout address (can be TBD which stands for to be determined later)

Please do not send funds unless you control your wallet and can sign a message with the sending address!!!  Wallets like bitcoin qt and blockchain wallets can sign messages. Please do not send from an exchange, you do not control the sending address and can't prove

Disclaimer:

As with any ASIC, you need to understand that there are risks involved.  Do not invest what you are not willing to lose. EVER and in ANYTHING!  Having said that, you understand that I
can not make any guarantees on the manufacturer's behalf and every participant agrees to the terms and conditions HashFast attaches to the order.

Why am I getting involved in this?  After having had contact with different people who are involved in bitcoin hardware and having solicited their opinions, I think HashFast will deliver.  But this is only my opinion formulated based on the research I've been able to do.  Please do your own research!  And I have an empty computer room with plenty of space for 10 of these units and plenty of power 350W * 10 units.
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CanaryInTheMine (OP)
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August 09, 2013, 01:34:32 AM
Last edit: August 09, 2013, 09:53:27 AM by CanaryInTheMine
 #2

Reserved for a list of shareholders

3936 shares available.
Code:
RedMetal;       14; 2.1; bcd47793a6e8bc7fb964852800eac3d19a6a000ffe889df13aa48b69edc37a42; 1LkBigXhDf7zrw9wgKZXgibfmtJmB45pVg; 1LkBigXhDf7zrw9wgKZXgibfmtJmB45pVg
bobmarley;      50; 7.5; edfe429d119e64f042074eac7583bef2b8ab1e5d6e9378a0a20024e9d30efccd; 1B3fmDHiQanaFRXshVKxTUVPqcUnhHXxLp; 1MPPPhAp1QqNZxiQtjgL5BG6oNKZqkXuZG
duquevalentino; 60;   9; 7484644ac2b0cafc51406ff0a880a8e201a2de291f7a156659af4a92c2132cf1; 1NJChbdFGZrudH7syvoMAKLwnWYrQpJXSh; 1NJChbdFGZrudH7syvoMAKLwnWYrQpJXSh

total:          124/4000
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August 09, 2013, 01:36:59 AM
 #3

Sounds exciting!

No longer buying/selling Casascius coins. Beware scammers.
My OTC Web of Trust ratings / What's a PGP chain of custody?
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August 09, 2013, 02:04:07 AM
 #4

+1 Smiley
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August 09, 2013, 02:19:54 AM
 #5

Interested
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August 09, 2013, 02:27:45 AM
 #6

Interested...do you plan to make the shares available on btct and bitfunder too?
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August 09, 2013, 02:29:47 AM
 #7

Definitely interested.

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August 09, 2013, 02:34:50 AM
 #8

interested, especially if shares on btct too Smiley
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August 09, 2013, 02:46:00 AM
 #9

No way, Havelock!

No longer buying/selling Casascius coins. Beware scammers.
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August 09, 2013, 02:55:45 AM
 #10

better US$ per ghash, im in!

also, bitfunder pretty plzzz

edit: paypal payment?
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August 09, 2013, 03:18:27 AM
 #11

Out of curiosity, there's a lot of folks asking similar questions in regards to delivery timeframe, hashrate vs. price, uncertainty in the market in the various HF threads in Custom Hardware. 

Can you provide any of your motivating factors for choosing Hash Fast as opposed to any of the other vendors delivering in a similar timeframe?  That's a healthy investment and very curious why HF stood out for you as opposed to anyone else or a mix of vendors as a few other folks are doing.
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August 09, 2013, 03:21:18 AM
 #12

The words "expected delivery" make me cringe. Yes, I am a BFL customer.
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August 09, 2013, 04:07:18 AM
 #13

MARK!
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August 09, 2013, 04:10:26 AM
 #14

Definitely interested.

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August 09, 2013, 05:56:15 AM
 #15

Shut up and take my money!

Interested.
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August 09, 2013, 06:16:44 AM
 #16

By my math, the total shares available are around 2,200 per unit. Or around 22k shares total.
That is based on cost of the units and current price of BTC.
If someone bought 2200 shares, they would get all BTC mined by 1 unit, minus 1% fee and electricity/rent costs?
CanaryInTheMine (OP)
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August 09, 2013, 06:38:49 AM
 #17

By my math, the total shares available are around 2,200 per unit. Or around 22k shares total.
That is based on cost of the units and current price of BTC.
If someone bought 2200 shares, they would get all BTC mined by 1 unit, minus 1% fee and electricity/rent costs?

this is really designed to give many people an opportunity at this, rather than 1 person buying everything up... but it's a free market  Grin
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August 09, 2013, 06:40:40 AM
 #18

So, how many GH per share?
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August 09, 2013, 06:53:16 AM
 #19

I'm selling shares in hashing power of 10 units.  Totaling 4000 GH/s. the price is .25 btc per share.  Each share represents 1Gh/s.  A total of 4000 shares are available.

Hosted in a climate controlled environment.  payout daily.  The farm will payout 99% of profits after electricity/rent costs (nominal).  1% is kept on an operating account of the farm to pay for incidentals (for ex: Ethernet/USB cable replacement, power cord . and time to administer payouts etc...)
Changes to operations can be done by voting.  Each share owned represents 1 vote.
This will run until it is no longer profitable.  equipment will not be kept by anyone, but will be auctioned off and the final proceeds will be split up.

Geez Canary...

4000 shares x .25 BTC = 1000 BTC

You're charging 1000 BTC for hardware that costs 560 BTC.

Don't you think that's a little ridiculous?

Did you mess up in your post/math?
DeathAndTaxes
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August 09, 2013, 06:53:58 AM
 #20

Don't forget the 1% to cover expenses. Wink
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