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JimmyJazz
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May 23, 2014, 02:00:11 PM |
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If Hashfast liquidates the assets will be sold(chips). There will also be the need for somebody to provide the boards and manufacturing for the chips.
edit: It has been stated in the court paper that Hashfast have been selling the chips for well under market value.
Just to reiterate, this is a positive post. imo |
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"With e-currency based on cryptographic proof, without the need to
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VinceSamios
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May 23, 2014, 02:16:37 PM |
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If Hashfast liquidates the assets will be sold(chips). There will also be the need for somebody to provide the boards and manufacturing for the chips.
edit: It has been stated in the court paper that Hashfast have been selling the chips for well under market value.
Just to reiterate, this is a positive post. imo It's uncertain as hell is what this is... |
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JimmyJazz
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May 23, 2014, 02:23:46 PM |
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I think Ken has done pretty well to get Hashfast chips in hand - particularly when you read about the other companies involved still waiting on their hardware.
Does he have all of his orders? Uncertain.
He has boards ready to put chips on and recently added manufacturing services to the site.
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JimmyJazz
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May 23, 2014, 03:17:13 PM |
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I agree they are scammers - but scammers with chips.
The court papers indicate they were trying to make a deal to move all the assets to another company. Funneling the profits to themselves and the partner.
It seems they do have the stock, they just don't want to part with it, even when paid.
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kleeck
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May 23, 2014, 03:20:25 PM |
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I agree they are scammers - but scammers with chips.
The court papers indicate they were trying to make a deal to move all the assets to another company. Funneling the profits to themselves and the partner.
It seems they do have the stock, they just don't want to part with it, even when paid.
They have a lot of assets on hand. If you read the legal documents from Liquidbits and DigiMax you will see that they are specifically requesting that the court locks HF from liquidating their inventory any further. They are worried for a reason - HF has an inventory. |
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cedivad
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Activity: 1176
Merit: 1001
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May 23, 2014, 03:33:23 PM |
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The datacenter and manufacturing are between Canada and the US, right?
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My anger against what is wrong in the Bitcoin community is productive: Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)Hashfast.org - Wiki for screwed customers |
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kleeck
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May 23, 2014, 05:04:25 PM |
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The datacenter and manufacturing are between Canada and the US, right?
I believe the DC is on the west coast and manufacturing is done in Springfield, MO. |
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chaostheorist
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May 23, 2014, 06:12:04 PM |
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Ken if for some odd reason you have BTC in Bitstamp please remove them today. There are signs that they are potentially going through the same stuff Gox did and we all know how that ended. I wouldn't understand why you'd have coins in another exchange after you've consistently lost coins but if you do for the sake of the company please remove them now. This may all be rumors or someone trolling due to Bitstamps conduct over the last couple of days but either way as a shareholder i'd rather you have our coins in a safe place instead of another exchange.
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RoadStress
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Merit: 1007
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May 23, 2014, 06:56:31 PM |
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Ken if for some odd reason you have BTC in Bitstamp please remove them today. There are signs that they are potentially going through the same stuff Gox did and we all know how that ended. I wouldn't understand why you'd have coins in another exchange after you've consistently lost coins but if you do for the sake of the company please remove them now. This may all be rumors or someone trolling due to Bitstamps conduct over the last couple of days but either way as a shareholder i'd rather you have our coins in a safe place instead of another exchange.
Bitstamp is fine. I see nothing wrong in a small KYC considering that this is an unregulated market. But yes keeping a lot of money on any exchange is just stupid, but the failure of the exchange is just one of the many reasons why you shouldn't do it. It costed this company more than 400BTC to find that out so I am sure that ken won't do the same mistake twice! |
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finlof
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May 23, 2014, 06:57:08 PM |
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Coming soon to a youtube near you... Verdict: Don't bank on more than 650gh/s Much easier to setup than a prospector card, but still super sensitive to heatsink mounting. The USB header doesn't work, so get yourself a Micro USB cable. http://img.imgur.com/LARbnb5.pngi am not using the micro usb. dont know why your usb header didnt work as the 2 boards i have work just fine. |
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VinceSamios
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May 23, 2014, 08:15:40 PM |
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Coming soon to a youtube near you... Verdict: Don't bank on more than 650gh/s Much easier to setup than a prospector card, but still super sensitive to heatsink mounting. The USB header doesn't work, so get yourself a Micro USB cable. http://img.imgur.com/LARbnb5.pngi am not using the micro usb. dont know why your usb header didnt work as the 2 boards i have work just fine. bizarro - I wonder if this has something todo with the dip-pins? You are talking about gold-rush boards too right? |
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SebastianJu
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Legendary Escrow Service - Tip Jar in Profile
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May 24, 2014, 01:05:07 AM |
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Ken if for some odd reason you have BTC in Bitstamp please remove them today. There are signs that they are potentially going through the same stuff Gox did and we all know how that ended.
What signs? |
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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finlof
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May 24, 2014, 02:49:50 AM |
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Coming soon to a youtube near you... Verdict: Don't bank on more than 650gh/s Much easier to setup than a prospector card, but still super sensitive to heatsink mounting. The USB header doesn't work, so get yourself a Micro USB cable. http://img.imgur.com/LARbnb5.pngi am not using the micro usb. dont know why your usb header didnt work as the 2 boards i have work just fine. bizarro - I wonder if this has something todo with the dip-pins? You are talking about gold-rush boards too right? yes i have 2x gold rush boards |
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RoadStress
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May 24, 2014, 03:34:42 AM |
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Ken if for some odd reason you have BTC in Bitstamp please remove them today. There are signs that they are potentially going through the same stuff Gox did and we all know how that ended.
What signs? these signs. People are stupid and bad intended. I got the same KYC procedure, answered the questions, provided the documents and my account was back to normal in less than a few hours. No need to panic. Banks needs to know their customers. If you don't like that go and trade your BTC out on the streets or at an ATM. Simple. |
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drawingthesun
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May 24, 2014, 06:55:24 AM |
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I would like to know the status of the company, is Ken around? What is going on?
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stereotype
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May 24, 2014, 07:04:08 AM |
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Quite amazing, how long this story has been dragged out.  |
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zumzero
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May 24, 2014, 10:13:40 AM |
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Thanks for the video Vince. Good work.
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kleeck
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May 24, 2014, 01:43:51 PM
Last edit: May 24, 2014, 02:04:11 PM by kleeck |
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Here is the audio from the hearing yesterday: https://dl.dropboxusercontent.com/u/7804267/hashfast%20hearing%20federal%20bankruptcy%205.23.2014.mp3Edit: I highly recommend following the IceDrill thread as well as the HF thread in Hardware. Came across this very astute comment: Having listened to the recording it seems to look like a move to a voluntary Chapter 11.
It looks like the judge has set that there will be 'protections' put in place until then and the people seeking relief will get relief. Very positive for the creditors and debtor I think.
40,000 chips in hand at HF from the records.
The $ per Gh/s worth less each day on the HF chips. The sharks are circling and it doesn't matter no one is going to pay top dollar now for anything given the competition. You won't get a lot for these without a board, and a team that can build them. You have competition and the longer sales take the LESS everyone is going to get. Find someone that can run production is your only hope to recover anything for creditors.
$1 Gh/s is what AM is selling them there might be a floor you want... but every week you delay the floor will be dropping out from under you. All these parties are going to have to get together and FIX this fast or you are all screwed.
See you on Wednesday.
Note the bold. I think VMC has a very solid position in this mess. I would love to see Ken assist in recovering something for these guys. I also don't mind guaranteed business.  |
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