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abdullahadam
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January 02, 2014, 06:14:21 PM |
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These are part of B2 so until they finally get around to B1 these won't go out, we're also in the process of getting them refunded if possible.
Thanks for all your hard work! |
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thehun
Legendary
 Offline
Activity: 1212
Merit: 1037
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January 04, 2014, 02:16:39 AM |
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So in case of getting refunds, will these be the amount of BTC paid or the equivalent in fiat at the time of payment? In the second case, we would have every reason to be really pissed off.
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philipma1957
Legendary
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Activity: 4130
Merit: 7949
'The right to privacy matters'
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January 04, 2014, 04:58:41 PM |
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So in case of getting refunds, will these be the amount of BTC paid or the equivalent in fiat at the time of payment? In the second case, we would have every reason to be really pissed off.
My thoughts are they will skip and we get zip. I have 1 share of r1 My losses will be about 200 usd. |
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corather
Legendary
Offline
Activity: 1708
Merit: 1000
Solarcoin.org
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January 04, 2014, 08:40:39 PM |
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If they're starting to ship, why are we looking for refunds? Is there something I'm not clear on here?
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thomas_s
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January 04, 2014, 08:44:28 PM |
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If they're starting to ship, why are we looking for refunds? Is there something I'm not clear on here?
They shipped 1 developer version for bfgminer support, they are also a month past their they will be shipped by date and about to be 2 months from their expected ship date, they have also lied multiple times. |
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corather
Legendary
Offline
Activity: 1708
Merit: 1000
Solarcoin.org
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January 05, 2014, 08:40:20 AM |
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If they're starting to ship, why are we looking for refunds? Is there something I'm not clear on here?
They shipped 1 developer version for bfgminer support, they are also a month past their they will be shipped by date and about to be 2 months from their expected ship date, they have also lied multiple times. I see. Well blah. Not really depressed about the whole deal, just disappointed. |
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philipma1957
Legendary
Offline
Activity: 4130
Merit: 7949
'The right to privacy matters'
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January 05, 2014, 02:44:29 PM |
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If they're starting to ship, why are we looking for refunds? Is there something I'm not clear on here?
read up on the company named BFL a hated company that was guilty of huge delays in shipping. this hash fast company is acting exactly like BFL did. basically the best we could hope for is a fast usd /fiat refund. |
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corather
Legendary
Offline
Activity: 1708
Merit: 1000
Solarcoin.org
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January 05, 2014, 08:13:35 PM |
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If they're starting to ship, why are we looking for refunds? Is there something I'm not clear on here?
read up on the company named BFL a hated company that was guilty of huge delays in shipping. this hash fast company is acting exactly like BFL did. basically the best we could hope for is a fast usd /fiat refund. I'm quite familiar with BFL. I recently received two miners from them I ordered 5 months ago. |
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philipma1957
Legendary
Offline
Activity: 4130
Merit: 7949
'The right to privacy matters'
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January 06, 2014, 12:21:32 AM |
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If they're starting to ship, why are we looking for refunds? Is there something I'm not clear on here?
read up on the company named BFL a hated company that was guilty of huge delays in shipping. this hash fast company is acting exactly like BFL did. basically the best we could hope for is a fast usd /fiat refund. I'm quite familiar with BFL. I recently received two miners from them I ordered 5 months ago. yeah i figure these will take more then 5 months to show. a refund and put the money into r 17 is my hope. |
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tripppn
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January 08, 2014, 04:57:25 AM |
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You making any headway on the refund? Sounds like a lot of people are having problems with getting hashfast to respond.
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“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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tripppn
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January 12, 2014, 05:06:44 AM |
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I take it that's the HF wallet? |
“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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DyslexicZombei (OP)
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January 15, 2014, 12:08:47 AM |
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UPDATE for R3 and R4: They're forcing USD refunds on people that didn't request them if you missed that in the CH forum yesterday. If this is forced on us, we are *not* cashing this refund check worth about 1/8th of our orig. BTC sent for R1-4, and will consult with our legal team.
It was a major PITA to get all the evidence in place, and in chronological order for our attorneys but HashFast heard from our attorneys yesterday and we have an official support ticket in the system, FWIW. It's also been a drain on the co-op's energy to have to fight this in the middle of the move/expansion.
We're doing our best to get full BTC refunds for everyone that bought into R1-4 with Bitcoin (except for R2, which was orig. bought via Wire Transfer by someone else so it will be in USD; the upgrade R2B was paid in BTC).
To fight to get this full BTC refunds for us and to make sure we were represented by a battle tested legal team, we plan on deducting the legal costs among the 4 rounds. We estimate this cost to be about $250-300 at this time (could go up if we go to arbitration).
That would work out to about $2.50-$3 per R1-4 share (which includes upgrades for R1-2). The upside is: for those that bought GB shares with bitcoin, if we get our full BTC back from HashFast, even with this small deduction for legal expenses you'd be refunded 6-9x your USD value back from your original BTC purchase amount(s) depending on when you bought your GB shares.
If you paid in USD, these refund terms and legal fees don't apply, and we will send back the original USD amount(s) sent when our full refund arrives.
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thehun
Legendary
Offline
Activity: 1212
Merit: 1037
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January 15, 2014, 12:25:34 AM |
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UPDATE for R3 and R4: They're forcing USD refunds on people that didn't request them if you missed that in the CH forum yesterday. If this is forced on us, we are *not* cashing this refund check worth about 1/8th of our orig. BTC sent for R1-4, and will consult with our legal team.
It was a major PITA to get all the evidence in place, and in chronological order for our attorneys but HashFast heard from our attorneys yesterday and we have an official support ticket in the system, FWIW. It's also been a drain on the co-op's energy to have to fight this in the middle of the move/expansion.
We're doing our best to get full BTC refunds for everyone that bought into R1-4 with Bitcoin (except for R2, which was orig. bought via Wire Transfer by someone else so it will be in USD; the upgrade R2B was paid in BTC).
To fight to get this full BTC refunds for us and to make sure we were represented by a battle tested legal team, we plan on deducting the legal costs among the 4 rounds. We estimate this cost to be about $250-300 at this time (could go up if we go to arbitration).
That would work out to about $2.50-$3 per R1-4 share (which includes upgrades for R1-2). The upside is: for those that bought GB shares with bitcoin, if we get our full BTC back from HashFast, even with this small deduction for legal expenses you'd be refunded 6-9x your USD value back from your original BTC purchase amount(s) depending on when you bought your GB shares.
If you paid in USD, these refund terms and legal fees don't apply, and we will send back the original USD amount(s) sent when our full refund arrives.
Thanks for the update. Apparently someone has already been successful obtaining a sentence for a BTC refund from BFL (although BFL hasn’t paid it yet). http://www.reddit.com/r/Bitcoin/comments/1u4v0o/i_sued_bfl_in_kansas_jurisdiction_and_won |
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tripppn
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January 15, 2014, 12:36:49 AM |
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Thanks for all your hard work guys. Making sure these hardware companies are held liable for things like this is important for the future of mining.
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“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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tripppn
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January 22, 2014, 02:59:18 AM |
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Have we heard anything from HF? Looks like they might be shipping. https://bitcointalk.org/index.php?topic=425019.0 |
“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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thehun
Legendary
Offline
Activity: 1212
Merit: 1037
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January 25, 2014, 08:40:46 PM |
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Any news?
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corather
Legendary
Offline
Activity: 1708
Merit: 1000
Solarcoin.org
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January 27, 2014, 05:11:36 AM |
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thehun
Legendary
Offline
Activity: 1212
Merit: 1037
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January 28, 2014, 11:57:07 PM |
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DZ, did you get any notification about shipping?
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