Hashfast mining without shipping customer gear?

[Bogart]

But you are not loosing millage on a bitcoin miner so whats your point?

I've got some loose millage here.  Bob, come 'ere with that broom and sweep it up, would 'ja?

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[Bogart]

Gateway could of course dispel (or confirm) a lot of this speculation by posting an uncensored version of his cgminer photo from the visit.

Though I suppose if the address didn't match, people could just further speculate that they changed addresses.

[minternj]

It will be dispelled when they ship and this address keeps (or stops) hashing.

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

Impressively this guy is still growing, and coincidentally hashfast is still not shipping. This address added 30TH overnight lol.

[clenell]

I also hope they pay any mined BTC to the owners, similar to the way KnC gave BTC to the people that bought hosting from them.

fat chance. lol. who opts for the "host my miner" option? i have yet to figure out what person this benefits.

[dhenson]

Please consider the following points:

• Hashfast has almost assuredly employed shill accounts in an underhanded way i.e. iCebreaker et al.
• Prior to selling out batch 1, there was no mention of the Dec. 31st date.  Up until they missed their end of October delivery schedule it was all 'on schedule'.
• Official communication coming out of Hashfast has been calculated and grossly misleading.  Just look at their official blog for all of the examples you need.
• Hashfast has aggressively and repeatedly modified their TOS in their favor.

Based simply on the above 4 points, it is clear that we are dealing with an extremely underhanded company.

What proof do we have that the equipment wasn't actually completed on the original timeline? The video(s) could have been filmed at any time.  They simply could have left one unit hashing at their S.F. offices for when customers dropped by.  The rest most likely have been happily hashing away since October.

Honestly, I've never jumped on the "Hey, they're hashing with our equipment!" bandwagon before, but this whole experience has me completely convinced that we are dealing with the most dishonest company yet in the bitcoin space. Even Avalon shipped their first batch.

[jspielberg]

The evidence doesn't bear this out.  Hashpower added to the network is accounted for back in October to now.

The only current evidence points to them recently having a working board.
http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

[dhenson]

The evidence doesn't bear this out.  Hashpower added to the network is accounted for back in October to now.

The only current evidence points to them recently having a working board.
http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

I find it hard to believe that every TH has been accounted for since October.  We're only talking about ~300TH, added over a period of time would not have been noticed as the network easily fluctuates more than that.

[minternj]

No you are giving them too much credit. I do believe that they waited until the silicon showed up to continue development on ther rest of the system in november. On the other hand KNC had everything ready for the silicon. Hashfast is just incompetent and dishonest to put it politely.

[jspielberg]

Lets just say... I am skeptical that they had any meaningful hashpower until a couple of days ago.

I am now pretty confident that http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX is Golden Nonces... If I am being charitable... I might speculate this could be IceDrill, but I doubt it.

It looks to me like 3 sets of 100xBabyJets running at 500GH/s.  250 more machines will complete Batch1.

[dhenson]

How did they just happen to come up with enough space/power to host 300 BJ's if it wasn't their plan from the beginning?  It's not like they can just hook them up in the back room and plug them into the wall.

We simply can't know when they started mining.  They very easily could have simply switched addresses on the Eligius pool, and what you are seeing are the batches that come online when they switch.

[minternj]

How did they just happen to come up with enough space/power to host 300 BJ's if it wasn't their plan from the beginning?  It's not like they can just hook them up in the back room and plug them into the wall.

We simply can't know when they started mining.  They very easily could have simply switched addresses on the Eligius pool, and what you are seeing are the batches that come online when they switch.

Ciara can "test" systems for them. To them its not much different from a desktop pc and certainty less power consumption than a server.

Note the laptop was named ciara-one.

[jspielberg]

Actually bringing that many machines on line that quickly is a testament to their protocol and design.  Some one is very efficient and kicking ass.

[minternj]

Actually bringing that many machines on line that quickly is a testament to their protocol and design.  Some one is very efficient and kicking ass.

Yes ciara apparently is a great company.

[jspielberg]

We simply can't know when they started mining.  They very easily could have simply switched addresses on the Eligius pool, and what you are seeing are the batches that come online when they switch.

Occam's razor days the most simplest answer is the right one... The simplest answer is that they just now have it working.

[dhenson]

Actually bringing that many machines on line that quickly is a testament to their protocol and design.  Some one is very efficient and kicking ass.

Umm sarcasm or shill?   You're seriously giving them accolades for how quickly they apparently screwed us?  Do you even re-read before you post this swill?


edit...
Either a) Hashfast has a large number of shill accounts, b) cognitive dissidence is strong in bitcoinia or c) I'm finally going crazy.

[itod]

Either a) Hashfast has a large number of shill accounts, b) cognitive dissidence is strong in bitcoinia or c) I'm finally going crazy.

Stroked out the wrong option for you to make an easier choice.

[jspielberg]

Actually bringing that many machines on line that quickly is a testament to their protocol and design.  Some one is very efficient and kicking ass.

Umm sarcasm or shill?   You're seriously giving them accolades for how quickly they apparently screwed us?  Do you even re-read before you post this swill?

edit...
Either a) Hashfast has a large number of shill accounts, b) cognitive dissidence is strong in bitcoinia or c) I'm finally going crazy.

Not sarcasm... and not a shill.  Just calling it as I see it.

It is clear that HF can be very productive when its THEIR profit on the line.

There is a sick fascination for how efficiently they are minimizing their losses and maximizing ours. I fully expect that the growth of the eligius address to increase to ~285TH (a complete 550 Baby Jets + the 10TH they started off with).  I think the Rev2 board thing is a smoke screen... they just want to mine the crap out of the machines up until the very last moment of their deadline.  They are looking at >~125BTC a day at full strength, and I don't expect any of them being shipped early.

Edit:  All this speculation turned out to be indeed speculation...  pool operator of eligius confirmed that while wishful thinking that FH had that many boards to ship... they were in actually still developing the PCB.

[Gyrsur]

*watching*

[AbiTxGroup]

*watching*

Same here.

Blast the network with customer machines, get the reward until the difficulty catches up, then deliver the miners to the customers at the high difficulty.

Need some good detective work to find the IP of the suspected miner.  Link it to the company.  Then get the attorneys involved.  This could be good, especially since this case would cross state lines and become a federal case.

[HarrisonS]

Do you think this could be HF too? http://eligius.st/~wizkid057/newstats/userstats.php/1D5FhoiuLMJJ43BCMGidwvbKWfr71g1vH9