HashFast announces specs for new ASIC: up to 800GH/s

[RoadStress]

Interesting emails today:
...

And here i was thinking this story can't get any better...

I would like to hear a rough number on the cost of setting up such a production line from someone with knowledge.
Posted from Bitcointa.lk - #2wkMLW1bANRqAjxl

Estimated guess, based on experience, USD 15-20 million.
The daily cost of running it, no idea... to many factors.

No matter what you do Hashfast, you will always be remembered as the greatest douchebags in the history of Bitcoin.
Mark and his MtGox fiasco is not even close to your incompetence 

That's way too much!

[1714136501]

1714136501

[1714136501]

1714136501

[bkminer]

Received a email from some scammers at echosign.com today claiming to be from hashfast. So not only do they not delivery anything or return emails but our personal info has been leaked.

echosign.com is an Adobe service for eSigning.  The company I contract though uses it for all of our contracts...

[cedivad]

So buying the machinery is cheaper than renting them?
If HF is so open and clean, why they don't just give us a BOM and we will try to get an idea of the price of making this PCB?

Because after months of lies, this looks like just another of them to me.
Posted from Bitcointa.lk - #mQWpyeIhcLBejJcb

[ninjarobot]

The situation right now is: HashFast is short on money, I am paying for a new, separate production line to begin and will be recieving the profits from it an it's first few thousand boards. Beyond this, HashFast will take control of the line producing Evo boards and will be able to serve customers much faster than before.

Wow. So HF screwed up and their early customers take a bath. Cognitive bails them out by setting up a production line that HF could not afford anymore but HF existing customers will have to go to the back of the line in favor of Cognitive's new customers.

Are they still producing the 'old' 400 GH/s GN boards? I guess the plan for MPP is to turn 4 400 GH/s 'Old' boards into 2 800 GH/s 'Evo' boards. If so it would mean more waiting. Higher difficulty and a deeper hole for existing customers.

At least Garrett MacDonald seems to be talking. Which is something HashFast doesn't (unless you count HashFast_CL's trash talking)

[dropt]

The situation right now is: HashFast is short on money, I am paying for a new, separate production line to begin and will be recieving the profits from it an it's first few thousand boards. Beyond this, HashFast will take control of the line producing Evo boards and will be able to serve customers much faster than before.

Wow. So HF screwed up and their early customers take a bath. Cognitive bails them out by setting up a production line that HF could not afford anymore but HF existing customers will have to go to the back of the line in favor of Cognitive's new customers.

Are they still producing the 'old' 400 GH/s GN boards? I guess the plan for MPP is to turn 4 400 GH/s 'Old' boards into 2 800 GH/s 'Evo' boards. If so it would mean more waiting. Higher difficulty and a deeper hole for existing customers.

Sounds about right.  I would guess we're witnessing the bail-out of Hashfast by Cognitive.  Perhaps people are winning full BTC refunds through the legal process putting HF on the brink of bankruptcy.  If so I imagine there's a clause that prohibits the plaintiff from talking about it.   That would certainly explain a lot of what's going on here.

[JointDoctor]

So buying the machinery is cheaper than renting them?
If HF is so open and clean, why they don't just give us a BOM and we will try to get an idea of the price of making this PCB?

Because after months of lies, this looks like just another of them to me.
Posted from Bitcointa.lk - #mQWpyeIhcLBejJcb

Fuck YES.

Hashlast will NEVER state the BOM cost per board, i guarantee it. They would rather die.
To give out a bill of material is corporate suicide.

[cedivad]

Fuck YES.

Ok,
Listen everyone:

Making the PCB is more expensive than making the ASIC. The asic is a couple of millions, the PCB is in the order of 20-25 millions.

Please take note of the level of absurdity we reached.
Posted from Bitcointa.lk - #OznWEdPbJLVLl2sF

[dropt]

Fuck YES.

Ok,
Listen everyone:

Making the PCB is more expensive than making the ASIC. The asic is a couple of millions, the PCB is in the order of 20-25 millions.

Please take note of the level of absurdity we reached.
Posted from Bitcointa.lk - #OznWEdPbJLVLl2sF

You guys are misunderstanding each other.

[JointDoctor]

Fuck YES.

Ok,
Listen everyone:

Making the PCB is more expensive than making the ASIC. The asic is a couple of millions, the PCB is in the order of 20-25 millions.

Please take note of the level of absurdity we reached.
Posted from Bitcointa.lk - #OznWEdPbJLVLl2sF

Dude  
Put the pipe down.

Do you think manufacturers charge cost per hour when making PCB´s?  
It´s per unit, you dumbfuck!

...and what, to produce a ASIC is only one time cost? INFINITY STOCK of chips after one payment, cedivad got it all figured out.

[cedivad]

It´s per unit, you dumbfuck!

Don't worry, i wasn't expecting anything else other than a rude an ignorante offense from you.
Posted from Bitcointa.lk - #nzIYY3pshJRtbahq

[JointDoctor]

It´s per unit, you dumbfuck!

Don't worry, i wasn't expecting anything else other than a rude an ignorante offense from you.
Posted from Bitcointa.lk - #nzIYY3pshJRtbahq

I actually apologize for that 
It was rude of me, i just got so caught up in the moment and lost my temper a little.

Peace?  (Better focus on our common "enemy" HashLast)

[s1lverbox]

Thanks for deleting my post. atleast i know what kind of bunch I have in front of me.

massive over line on Hash last. .....will stick to BITMAIN.

[SolarSilver]

Oh wait, an ASIC being late is perfectly normal, predictable, and legal... 

The must be the real HashFast company moto

Great quote!

[SolarSilver]

Sounds about right.  I would guess we're witnessing the bail-out of Hashfast by Cognitive.  Perhaps people are winning full BTC refunds through the legal process putting HF on the brink of bankruptcy.  If so I imagine there's a clause that prohibits the plaintiff from talking about it.   That would certainly explain a lot of what's going on here.

If HashFast is getting bailed out by Cognitive, the old customers and debt is just going to roll over to Cognitive. Somebody will have to pay up those refunds, in the end. Edward, you can run but you can't hide

[cedivad]

If HashFast is getting bailed out by Cognitive, the old customers and debt is just going to roll over to Cognitive. Somebody will have to pay up those refunds, in the end. Edward, you can run but you can't hide

This is why it's not a bail out... They are just gifting them our stuff.
Posted from Bitcointa.lk - #3Sn5ELsc9sCXODGH

[bkminer]

WHEN ARE YOU GOING TO SHIP?  In 2040 after the last BTC is mined?

[xstr8guy]

WHEN ARE YOU GOING TO SHIP?  In 2040 after the last BTC is mined?

Well you'll still be able to mine for transaction fees. 

[bkminer]

WHEN ARE YOU GOING TO SHIP?  In 2040 after the last BTC is mined?

Well you'll still be able to mine for transaction fees.  

Yep that will give me an ROI sometime in the year 2525!!!!  

[HashFast_CL]

they are obligated to give full btc refunds because it was specifically stated in the ToS and also confirmed in an email to support staff.

in nearly every US state, the remedy for a violation of a contractual duty to deliver a fungible good is the market value of that good at breach, and unless the parties agree and execute otherwise, that remedy is in legal tender.

If HF_CL fails at calming down the community newly created accounts of people knowing the law better than our lawyers arrive to the rescue.
Posted from asd, ref#NN3YE2pVR8l1X4iz

Hi cedivad!

It turns out that Clobered09 and I did know better than your crummy, impotent, and now long-gone lawyer.  Don't try to argue with me about legal stuff, because you will lose no matter how much money you waste on attorney fees.   

I'd like to thank you, gmaxwell, Phinneaus, and everyone else who loudly and publicly eschewed the opportunity to cash 105% refund checks in the lulzy, but futile, hope a judge would order HF to give you all 600% windfalls (plus court costs). 

You guys really set a great example and provided some stellar advice!

Every remaining penny of those refused refund checks is now eligible to help pay for my order's unfulfilled MPP.  Isn't that super?   

[cedivad]

they are obligated to give full btc refunds because it was specifically stated in the ToS and also confirmed in an email to support staff.

in nearly every US state, the remedy for a violation of a contractual duty to deliver a fungible good is the market value of that good at breach, and unless the parties agree and execute otherwise, that remedy is in legal tender.

If HF_CL fails at calming down the community newly created accounts of people knowing the law better than our lawyers arrive to the rescue.
Posted from asd, ref#NN3YE2pVR8l1X4iz

Hi cedivad!

It turns out that Clobered09 and I did know better than your crummy, impotent, and now long-gone lawyer.  Don't try to argue with me about legal stuff, because you will lose no matter how much money you waste on attorney fees.   

I'd like to thank you, gmaxwell, Phinneaus, and everyone else who loudly and publicly eschewed the opportunity to cash 105% refund checks in the lulzy, but futile, hope a judge would order HF to give you all 600% windfalls (plus court costs). 

You guys really set a great example and provided some stellar advice!

Every remaining penny of those refused refund checks is now eligible to help pay for my order's unfulfilled MPP.  Isn't that super?   

Aren't you too busy satisfying your fiduciary duties to the creditors to troll?